CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest income	$ 38,590,000	$ 34,579,000	$ 78,526,000	$ 66,890,000
Interest expense	16,579,000	8,763,000	31,728,000	15,478,000
Net interest income	22,011,000	25,816,000	46,798,000	51,412,000
Realized gains (losses) on mortgage-backed securities	(12,175,000)	3,935,000	(20,513,000)	2,585,000
Unrealized gains (losses) on mortgage-backed securities	(20,418,000)	(17,090,000)	(92,129,000)	(32,048,000)
(Losses) gains on derivative instruments	14,859,000	(19,442,000)	56,853,000	(23,861,000)
Net portfolio income	4,277,000	(6,781,000)	(8,991,000)	(1,912,000)
Expenses
Management Fee Expense	1,606,000	1,400,000	3,318,000	2,702,000
Allocated Overhead	361,000	388,000	742,000	756,000
Compensation and related benefits	1,000	218,000	12,000	230,000
Directors fees and liability insurance	248,000	232,000	500,000	508,000
Audit, legal and other professional fees	167,000	219,000	463,000	389,000
Direct REIT operating expenses	407,000	265,000	810,000	496,000
Other administrative	141,000	140,000	194,000	200,000
Total expenses	2,931,000	2,862,000	6,039,000	5,281,000
Net income (loss)	$ 1,346,000	$ (9,643,000)	$ (15,030,000)	$ (7,193,000)
Basic and diluted net income (loss) per share
Basic	$ 0.03	$ (0.26)	$ (0.29)	$ (0.21)
Diluted	$ 0.03	$ (0.26)	$ (0.29)	$ (0.21)
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	52,587,472	37,211,362	52,794,513	35,117,364
Dividends Declared Per Common Share	$ 0.27	$ 0.42	$ 0.58	$ 0.84