CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income	$ 32,433,000	$ 39,935,000
Interest expense	18,892,000	15,149,000
Net interest income	13,541,000	24,786,000
Realized gains (losses) on mortgage-backed securities	243,000	(8,338,000)
Unrealized gains (losses) on mortgage-backed securities	18,041,000	(71,712,000)
(Losses) gains on derivative instruments	(19,032,000)	41,994,000
Net portfolio income	12,793,000	(13,270,000)
Expenses
Management Fee Expense	1,285,000	1,712,000
Allocated Overhead	323,000	382,000
Compensation and related benefits	(408,000)	11,000
Directors fees and liability insurance	253,000	252,000
Audit, legal and other professional fees	301,000	296,000
Direct REIT operating expenses	375,000	403,000
Other administrative	67,000	51,000
Total expenses	2,196,000	3,107,000
Net income (loss)	$ 10,597,000	$ (16,377,000)
Basic and diluted net income (loss) per share
Basic	$ 0.22	$ (0.31)
Diluted	$ 0.22	$ (0.31)
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	48,904,587	53,065,845
Dividends Declared Per Common Share	$ 0.24	$ 0.31