CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Interest income	$ 154,581,000	$ 145,962,000	$ 87,127,000
Interest expense	70,360,000	41,671,000	15,604,000
Net interest income	84,221,000	104,291,000	71,523,000
Realized gains (losses) on mortgage-backed securities	(30,289,000)	(7,788,000)	3,071,000
Unrealized gains (losses) on mortgage-backed securities	(110,668,000)	(67,981,000)	(54,149,000)
(Losses) gains on derivative instruments	24,311,000	(15,349,000)	(9,387,000)
Federal Home Loan Bank Dividends	0	0	14,000
Net portfolio income	(32,425,000)	13,173,000	11,072,000
Expenses
Management Fee Expense	6,204,000	5,855,000	4,188,000
Allocated Overhead	1,567,000	1,576,000	1,300,000
Compensation and related benefits	407,000	640,000	806,000
Directors fees and liability insurance	968,000	949,000	1,007,000
Audit, legal and other professional fees	851,000	706,000	871,000
Direct REIT operating expenses	1,631,000	1,124,000	652,000
Other administrative	334,000	316,000	269,000
Total expenses	11,962,000	11,166,000	9,093,000
Net income (loss)	$ (44,387,000)	$ 2,007,000	$ 1,979,000
Basic and diluted net income (loss) per share
Basic	$ (0.85)	$ 0.05	$ 0.08
Diluted	$ (0.85)	$ 0.05	$ 0.08
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	52,198,175	41,062,039	24,099,714