CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Interest income	$ 41,857,000	$ 26,856,000
Interest expense	2,655,000	1,941,000
Net interest income	39,202,000	24,915,000
Realized gains (losses) on mortgage-backed securities	(51,086,000)	(7,397,000)
Unrealized gains (losses) on mortgage-backed securities	(309,962,000)	(88,866,000)
(Losses) gains on derivative instruments	177,816,000	45,472,000
Net portfolio income	(144,030,000)	(25,876,000)
Management Fee Expense	2,634,000	1,621,000
Allocated Overhead	441,000	404,000
Compensation and related benefits	237,000	364,000
Directors fees and liability insurance	311,000	272,000
Audit, legal and other professional fees	304,000	318,000
Direct REIT operating expenses	643,000	421,000
Other administrative	127,000	93,000
Total expenses	4,697,000	3,493,000
Net income (loss)	$ (148,727,000)	$ (29,369,000)
Basic and diluted net income (loss) per share
Basic and Diluted	$ (0.84)	$ (0.34)
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	176,997,566	85,344,954
Dividends Declared Per Common Share	$ 0.155	$ 0.195