Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

Pay Versus Performance Table

											Value of Initial Fixed
						Summary					$100 Investment Based On:
	Summary					Compensation		Compensation					Peer Group					Peer
	Compensation		Compensation			Table Total		Actually Paid			Total		Total					Relative
	Table Total		Actually Paid			for Non-PEO		to Non-PEO			Shareholder		Shareholder		Net Income			Financial
Year	for PEO (1)		to PEO (2)			NEOs		NEOs			Return (3)		Return (3)(4)		(in Thousands)			Performance (5)
2022	$	512,074	$	265,330		$	390,234	$	200,450		$	58.89	$	68.94	$	(258,453	)		(5.5	)%
2021	$	737,788	$	689,423		$	562,242	$	525,500		$	105.40	$	93.93	$	(64,760	)		(1.4	)%
2020	$	-	$	(9,523	)	$	-	$	(7,880	)	$	105.25	$	81.23	$	2,125			(2.1	)%

(1) Robert E. Cauley was our PEO and George H. Haas, IV was our Non-PEO NEO for each year presented.

(2) Compensation Actually Paid represents the Summary Compensation Table Totals adjusted for the items set forth below in accordance with Item 402(v) of Regulation S-K and may not reflect compensation actually earned, realized or received by the named executive officers.

PEO Total Compensation Amount

$ 512,074

$ 737,788

$ 0

PEO Actually Paid Compensation Amount

$ 265,330

689,423

(9,523)

Adjustment To PEO Compensation, Footnote [Text Block]

	2022			2021			2020
PEO SUMMARY COMPENSATION TABLE TOTALS	$	512,074		$	737,788		$	-
Add (Subtract):
Amounts reported under Stock Awards Column in the Summary Compensation Table	$	(512,074	)	$	(737,788	)	$	-
Fair value as of vesting date of awards granted and vested during the year	$	256,037		$	368,894		$	-
Fair value at year end of awards granted during year that were unvested as of the end of the year		117,359			282,173			-
Change in fair value of equity awards granted in prior years that were unvested as of the end of the year		(65,244	)		-			(1,229	)
Change in fair value of equity awards granted in prior years that vested during the year		(42,965	)		727			(8,865	)
Equity awards granted in prior years that were forfeited during the year		(55,440	)		-			(4,031	)
Dividends or other earnings paid on equity awards during the year		55,583			37,629			4,602
Total Equity Award Related Adjustments	$	(246,744	)	$	(48,365	)	$	(9,523	)
COMPENSATION ACTUALLY PAID TO PEO	$	265,330		$	689,423		$	(9,523	)

Non-PEO NEO Average Total Compensation Amount

$ 390,234

562,242

0

Non-PEO NEO Average Compensation Actually Paid Amount

$ 200,450

525,500

(7,880)

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

	2022			2021			2020
NON-PEO NEO SUMMARY COMPENSATION TABLE TOTALS	$	390,234		$	562,242		$	-
Add (Subtract):
Amounts reported under Stock Awards Column in the Summary Compensation Table	$	(390,234	)	$	(562,242	)	$	-
Fair value as of vesting date of awards granted and vested during the year	$	195,117		$	281,121		$	-
Fair value at year end of awards granted during year that were unvested as of the end of the year		89,429			215,033			-
Change in fair value of equity awards granted in prior years that were unvested as of the end of the year		(49,716	)		-			(1,006	)
Change in fair value of equity awards granted in prior years that vested during the year		(32,743	)		597			(7,454	)
Equity awards granted in prior years that were forfeited during the year		(42,255	)		-			(3,294	)
Dividends or other earnings paid on equity awards during the year		40,618			28,749			3,874
Total Equity Award Related Adjustments	$	(189,784	)	$	(36,742	)	$	(7,880	)
COMPENSATION ACTUALLY PAID TO PEO	$	200,450		$	525,500		$	(7,880	)

(3) Total Shareholder Return and Peer Group Total Shareholder Return assumes $100 invested at December 31, 2019.

(4) The Peer Group referenced for purposes of the Total Shareholder Return comparison consists of the NAREIT Mortgage REIT TRR Index.

(5) The Company has designated "Peer Relative Return Performance" as its Company Selected Measure, as this is the largest financial component used to link compensation paid to our named executive officers to Company performance. Peer Relative Return Performance compares the financial performance of the Company to that of its defined Peer Group. See “Compensation Discussion and Analysis—2022 Long-Term Equity Incentive Compensation Plan” for additional details regarding the calculation of Peer Relative Financial Performance and the companies included in the Peer Group for 2022. For 2021, the Peer Group also included Capstead Mortgage Corporation through June 30, 2021 as a result of its acquisition.  For 2020, the Peer Group also included Anworth Mortgage Asset Corporation and Capstead Mortgage Corporation, but did not include Invesco Mortgage Capital Inc.

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Comparison of Compensation Actually Paid to Total Shareholder Return and Peer Group Total Shareholder Return

The following graph illustrates the relationship between compensation actually paid to the named executive officers and the Company’s total shareholder return as compared to the total shareholder return of the NAREIT Mortgage REIT TRR Index on a cumulative basis assuming investment of $100 on December 31, 2019:

Compensation Actually Paid vs. Net Income [Text Block]

Comparison of Compensation Actually Paid to Net Income

The following graph illustrates the relationship between compensation actually paid to our named executive officers and the Company’s net income on an annual basis:

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Comparison of Compensation Actually Paid to Peer-Relative Financial Performance

The following graph illustrates the relationship between compensation actually paid to our named executive officers and the Company's peer-relative financial performance:

Tabular List [Table Text Block]

Financial Performance Measures

Our current compensation program has linked compensation of our named executive officers paid by the Company to the following financial performance measures:

Measure

Peer-Relative Financial Performance

Agency RMBS Rate Relative Performance

Peer-Relative Book Value Performance

For more information on these measures and how they are used to determine compensation paid by the Company to our named executive officers, see "Compensation Discussion and Analysis."

Total Shareholder Return Amount

$ 58.89

105.40

105.25

Peer Group Total Shareholder Return Amount

68.94

93.93

81.23

Net Income (Loss)

$ (258,453,000)

$ (64,760,000)

$ 2,125,000

Company Selected Measure Amount

(0.055)

(0.014)

(0.021)

Measure [Axis]: 1

Pay vs Performance Disclosure [Table]

Measure Name

Peer-Relative Financial Performance

Measure [Axis]: 2

Pay vs Performance Disclosure [Table]

Measure Name

Agency RMBS Rate Relative Performance

Measure [Axis]: 3

Pay vs Performance Disclosure [Table]

Measure Name

Peer-Relative Book Value Performance

PEO Amounts reported under Stock Awards Column in the Summary Compensation Table [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

$ (512,074)

$ (737,788)

$ 0

PEO Fair value as of vesting date of awards granted and vested during the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

256,037

368,894

0

PEO Fair value at year end of awards granted during year that were unvested as of the end of the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

117,359

282,173

0

PEO Change in fair value of equity awards granted in prior years that were unvested as of the end of the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(65,244)

0

(1,229)

PEO Change in fair value of equity awards granted in prior years that vested during the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(42,965)

727

(8,865)

PEO Equity awards granted in prior years that were forfeited during the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(55,440)

0

(4,031)

PEO Dividends or other earnings paid on equity awards during the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

55,583

37,629

4,602

PEO Total Equity Award Related Adjustments [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(246,744)

(48,365)

(9,523)

NEO Amounts reported under Stock Awards Column in the Summary Compensation Table [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(390,234)

(562,242)

0

NEO Fair value as of vesting date of awards granted and vested during the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

195,117

281,121

0

NEO Fair value at year end of awards granted during year that were unvested as of the end of the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

89,429

215,033

0

NEO Change in fair value of equity awards granted in prior years that were unvested as of the end of the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(49,716)

0

(1,006)

NEO Change in fair value of equity awards granted in prior years that vested during the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(32,743)

597

(7,454)

NEO Equity awards granted in prior years that were forfeited during the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(42,255)

0

(3,294)

NEO Dividends or other earnings paid on equity awards during the year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

40,618

28,749

3,874

NEO Total Equity Award Related Adjustments [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

$ (189,784)

$ (36,742)

$ (7,880)