CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income	$ 36,455,000	$ 38,591,000	$ 68,888,000	$ 78,526,000
Interest expense	22,431,000	16,579,000	41,323,000	31,728,000
Net interest income	14,024,000	22,012,000	27,565,000	46,798,000
Realized gains (losses) on mortgage-backed securities	112,000	(12,175,000)	355,000	(20,513,000)
Unrealized gains (losses) on mortgage-backed securities	26,506,000	(20,418,000)	44,547,000	(92,129,000)
(Losses) gains on derivative instruments	(34,288,000)	14,859,000	(53,320,000)	56,853,000
Net portfolio income	6,354,000	4,278,000	19,147,000	(8,991,000)
Expenses
Management Fee Expense	1,326,000	1,606,000	2,611,000	3,318,000
Allocated Overhead	327,000	361,000	650,000	742,000
Compensation and related benefits	182,000	1,000	(226,000)	12,000
Directors fees and liability insurance	237,000	248,000	490,000	500,000
Audit, legal and other professional fees	364,000	167,000	665,000	463,000
Direct REIT operating expenses	285,000	407,000	660,000	810,000
Other administrative	100,000	141,000	167,000	194,000
Total expenses	2,821,000	2,931,000	5,017,000	6,039,000
Net income (loss)	$ 3,533,000	$ 1,347,000	$ 14,130,000	$ (15,030,000)
Basic and diluted net income (loss) per share
Basic	$ 0.07	$ 0.03	$ 0.28	$ (0.29)
Diluted	$ 0.07	$ 0.03	$ 0.28	$ (0.29)
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	52,600,758	52,587,472	50,762,883	52,794,513
Dividends Declared Per Common Share	$ 0.24	$ 0.27	$ 0.48	$ 0.58