Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Portfolio Income
Interest income	$ 32,311,000	$ 20,466,000
Interest expense	6,715,000	3,319,000
Net interest income	25,596,000	17,147,000
Realized gains (losses) on mortgage-backed securities	(1,350,000)	4,242,000
Unrealized gains (losses) on mortgage-backed securities	(14,958,000)	3,787,000
(Losses) gains on derivative instruments	(4,419,000)	(27,590,000)
FHLB stock dividends	0	3,000
Net portfolio income	4,869,000	(2,411,000)
Expenses
Management Fees	1,302,000	971,000
Allocated Overhead	368,000	298,000
Compensation and related benefits	12,000	171,000
Directors fees and liability insurance	276,000	282,000
Audit, legal and other professional fees	170,000	247,000
Direct REIT operating expenses	231,000	139,000
Other administrative	61,000	72,000
Total expenses	2,420,000	2,180,000
Net income (loss)	$ 2,449,000	$ (4,591,000)
Basic and diluted net income (loss) per share
Basic	$ 0.07	$ (0.21)
Diluted	$ 0.07	$ (0.21)
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	33,069,064	21,756,065
Weighted Average Number Of Diluted Shares Outstanding	33,069,064	21,756,065
Dividends Declared Per Common Share	$ 0.42	$ 0.42