Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Portfolio Income
Interest income	$ 22,358,000	$ 18,352,000	$ 62,059,000	$ 49,719,000
Interest expense	3,979,000	2,037,000	10,629,000	4,900,000
Net interest income	18,379,000	16,315,000	51,430,000	44,819,000
Realized gains (losses) on mortgage-backed securities	229,000	850,000	4,482,000	(1,073,000)
Unrealized gains (losses) on mortgage-backed securities	(2,398,000)	(2,026,000)	5,652,000	(9,029,000)
(Losses) gains on derivative instruments	6,587,000	(22,506,000)	(32,594,000)	(35,660,000)
FHLB stock dividends	0	0	14,000	0
Net portfolio income	22,797,000	(7,367,000)	28,984,000	(943,000)
Expenses
Management Fees	1,052,000	1,061,000	2,968,000	2,929,000
Allocated Overhead	336,000	260,000	963,000	774,000
Compensation and related benefits	212,000	162,000	598,000	484,000
Directors fees and liability insurance	236,000	250,000	763,000	732,000
Audit, legal and other professional fees	193,000	160,000	654,000	493,000
Direct REIT operating expenses	187,000	86,000	426,000	174,000
Other administrative	55,000	71,000	215,000	209,000
Total expenses	2,271,000	2,050,000	6,587,000	5,795,000
Net income (loss)	$ 20,526,000	$ (9,417,000)	$ 22,397,000	$ (6,738,000)
Basic and diluted net income (loss) per share
Basic	$ 0.85	$ (0.42)	$ 0.99	$ (0.34)
Diluted	$ 0.85	$ (0.42)	$ 0.99	$ (0.34)
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	24,133,343	22,545,019	22,619,293	19,725,675
Weighted Average Number Of Diluted Shares Outstanding	24,133,343	22,545,019	22,619,293	19,725,675
Dividends Declared Per Common Share	$ 0.42	$ 0.42	$ 1.26	$ 1.5