CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income	$ 35,671,000	$ 32,433,000
Interest expense	16,523,000	18,892,000
Net interest income	19,148,000	13,541,000
Realized gains (losses) on mortgage-backed securities	(28,380,000)	243,000
Unrealized gains (losses) on mortgage-backed securities	3,032,000	18,041,000
(Losses) gains on derivative instruments	(82,858,000)	(19,032,000)
Net portfolio income	(89,058,000)	12,793,000
Expenses
Management Fee Expense	1,377,000	1,285,000
Allocated Overhead	347,000	323,000
Compensation and related benefits	(436,000)	(408,000)
Directors fees and liability insurance	260,000	253,000
Audit, legal and other professional fees	255,000	301,000
Direct REIT operating expenses	206,000	375,000
Other administrative	132,000	67,000
Total expenses	2,141,000	2,196,000
Net income (loss)	$ (91,199,000)	$ 10,597,000
Basic and diluted net income (loss) per share
Basic	$ (1.41)	$ 0.22
Diluted	$ (1.41)	$ 0.22
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	64,590,205	48,904,587