CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest income	$ 39,054,000	$ 38,974,000	$ 117,580,000	$ 105,864,000
Interest expense	18,893,000	12,638,000	50,620,000	28,116,000
Net interest income	20,161,000	26,336,000	66,960,000	77,748,000
Realized gains (losses) on mortgage-backed securities	(2,837,000)	769,000	(23,350,000)	3,354,000
Unrealized gains (losses) on mortgage-backed securities	(30,006,000)	(3,553,000)	(122,136,000)	(35,601,000)
(Losses) gains on derivative instruments	12,693,000	(5,470,000)	69,547,000	(29,331,000)
Net portfolio income	11,000	18,082,000	(8,979,000)	16,170,000
Expenses
Management Fee Expense	1,482,000	1,528,000	4,800,000	4,230,000
Allocated Overhead	391,000	412,000	1,133,000	1,168,000
Compensation and related benefits	197,000	209,000	209,000	439,000
Directors fees and liability insurance	234,000	215,000	734,000	722,000
Audit, legal and other professional fees	170,000	157,000	632,000	547,000
Direct REIT operating expenses	424,000	320,000	1,234,000	816,000
Other administrative	72,000	58,000	267,000	259,000
Total expenses	2,970,000	2,899,000	9,009,000	8,181,000
Net income (loss)	$ (2,959,000)	$ 15,183,000	$ (17,988,000)	$ 7,989,000
Basic and diluted net income (loss) per share
Basic	$ (0.06)	$ 0.33	$ (0.34)	$ 0.21
Diluted	$ (0.06)	$ 0.33	$ (0.34)	$ 0.21
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	52,034,695	45,355,124	52,538,457	38,608,053
Dividends Declared Per Common Share	$ 0.25	$ 0.42	$ 0.83	$ 1.26