CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Interest income	$ 39,935,000	$ 32,311,000
Interest expense	15,149,000	6,715,000
Net interest income	24,786,000	25,596,000
Realized gains (losses) on mortgage-backed securities	(8,338,000)	(1,350,000)
Unrealized gains (losses) on mortgage-backed securities	(71,712,000)	(14,958,000)
(Losses) gains on derivative instruments	41,994,000	(4,419,000)
Net portfolio income	(13,270,000)	4,869,000
Expenses
Management Fee Expense	1,712,000	1,302,000
Allocated Overhead	382,000	368,000
Compensation and related benefits	11,000	12,000
Directors fees and liability insurance	252,000	276,000
Audit, legal and other professional fees	296,000	170,000
Direct REIT operating expenses	403,000	231,000
Other administrative	51,000	61,000
Total expenses	3,107,000	2,420,000
Net income (loss)	$ (16,377,000)	$ 2,449,000
Basic and diluted net income (loss) per share
Basic	$ (0.31)	$ 0.07
Diluted	$ (0.31)	$ 0.07
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	53,065,845	33,069,064
Dividends Declared Per Common Share	$ 0.31	$ 0.42