CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 3,294,042,000	$ 3,584,354,000
Unpledged	10,719,000	6,567,000
Total mortgage-backed securities	3,304,761,000	3,590,921,000
Cash and cash equivalents	175,269,000	193,770,000
Restricted cash	60,761,000	84,885,000
Accrued interest receivable	10,241,000	12,404,000
Derivative Assets	8,231,000	0
Receivable for securities sold, pledged to counterparties	727,000	0
Reverse Repurchase Agreements	139,738,000	0
Other assets	680,000	100,000
Total Assets	3,700,408,000	3,882,080,000
Liabilities
Outstanding repurchase obligations	3,174,739,000	3,448,106,000
Payable for unsettled securities purchased	0	0
Dividends Payable	3,642,000	5,045,000
Derivitive Liabilities	33,229,000	20,658,000
Accrued interest payable	706,000	11,101,000
Due to affiliates	569,000	622,000
Securities Borrowed	139,843,000	0
Other Liabilities	1,712,000	1,041,000
Total Liabilities	3,354,440,000	3,486,573,000
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	662,000	631,000
Additional paid in capital	407,855,000	414,998,000
Accumulated deficit	(62,549,000)	(20,122,000)
Total Stockholders Equity	345,968,000	395,507,000
Total Liabilities and Stockholders Equity	3,700,408,000	3,882,080,000
Residential Mortgage Backed Securities [Member]
Mortgage-backed securities, at fair value
Pledged to counterparties	3,294,042,000	3,584,354,000
Unpledged	10,719,000	6,567,000
Total mortgage-backed securities	3,304,761,000	3,590,921,000
Accrued interest receivable	$ 10,127,000	$ 12,367,000