Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Portfolio Income
Interest income	$ 19,235,000	$ 16,753,000	$ 39,701,000	$ 31,367,000
Interest expense	3,330,000	1,567,000	6,649,000	2,863,000
Net interest income	15,905,000	15,186,000	33,052,000	28,504,000
Realized gains (losses) on mortgage-backed securities	10,000	(1,891,000)	4,253,000	(1,923,000)
Unrealized gains (losses) on mortgage-backed securities	4,262,000	(13,324,000)	8,049,000	(7,003,000)
(Losses) gains on derivative instruments	(11,591,000)	(802,000)	(39,181,000)	(13,154,000)
FHLB stock dividends	11,000	0	14,000	0
Net portfolio income	8,597,000	(831,000)	6,187,000	6,424,000
Expenses
Management Fees	945,000	1,014,000	1,916,000	1,869,000
Allocated Overhead	329,000	274,000	626,000	514,000
Compensation and related benefits	214,000	157,000	385,000	322,000
Directors fees and liability insurance	245,000	234,000	527,000	482,000
Audit, legal and other professional fees	215,000	173,000	461,000	333,000
Direct REIT operating expenses	99,000	46,000	239,000	88,000
Other administrative	87,000	103,000	161,000	139,000
Total expenses	2,134,000	2,001,000	4,315,000	3,747,000
Net income (loss)	$ 6,463,000	$ (2,832,000)	$ 1,872,000	$ 2,677,000
Basic and diluted net income (loss) per share
Basic	$ 0.29	$ (0.14)	$ 0.08	$ 0.14
Diluted	$ 0.29	$ (0.14)	$ 0.08	$ 0.14
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	21,920,573	19,751,871	21,853,949	18,320,359
Weighted Average Number Of Diluted Shares Outstanding	21,920,573	19,751,871	21,853,949	18,320,359
Dividends Declared Per Common Share	$ 0.42	$ 0.54	$ 0.84	$ 1.08