CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Interest income	$ 134,700	$ 116,045	$ 142,324
Interest expense	7,090	25,056	83,666
Net interest income	127,610	90,989	58,658
Realized gains (losses) on mortgage-backed securities	(5,542)	(24,986)	(10,877)
Unrealized gains (losses) on mortgage-backed securities	(198,454)	25,761	38,045
(Losses) gains on derivative instruments	26,877	(79,092)	(51,176)
Net portfolio income	(49,509)	12,672	34,650
Management Fee Expense	8,156	5,281	5,528
Allocated Overhead	1,632	1,514	1,380
Compensation and related benefits	1,132	38	115
Directors fees and liability insurance	1,169	998	998
Audit, legal and other professional fees	1,112	1,045	1,105
Direct REIT operating expenses	1,475	1,057	997
Other administrative	575	611	262
Total expenses	15,251	10,544	10,385
Net income (loss)	$ (64,760)	$ 2,128	$ 24,265
Basic and diluted net income (loss) per share
Basic and Diluted	$ (0.54)	$ 0.03	$ 0.43
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	121,144,326	67,210,815	56,328,027