CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Interest income	$ 35,268,000	$ 29,254,000	$ 77,125,000	$ 56,110,000
Interest expense	8,180,000	1,556,000	10,835,000	3,497,000
Net interest income	27,088,000	27,698,000	66,290,000	52,613,000
Realized gains (losses) on mortgage-backed securities	(15,443,000)	1,352,000	(66,529,000)	(6,045,000)
Unrealized gains (losses) on mortgage-backed securities	(170,598,000)	(7,281,000)	(480,560,000)	(96,147,000)
(Losses) gains on derivative instruments	103,758,000	(34,915,000)	281,574,000	10,557,000
Net portfolio income	(55,195,000)	(13,146,000)	(199,225,000)	(39,022,000)
Management Fee Expense	2,631,000	1,792,000	5,265,000	3,413,000
Allocated Overhead	519,000	395,000	960,000	799,000
Compensation and related benefits	314,000	261,000	551,000	625,000
Directors fees and liability insurance	310,000	323,000	621,000	595,000
Audit, legal and other professional fees	302,000	302,000	606,000	620,000
Direct REIT operating expenses	574,000	294,000	1,217,000	715,000
Other administrative	294,000	352,000	421,000	445,000
Total expenses	4,944,000	3,719,000	9,641,000	7,212,000
Net income (loss)	$ (60,139,000)	$ (16,865,000)	$ (208,866,000)	$ (46,234,000)
Basic and diluted net income (loss) per share
Basic	$ (0.34)	$ (0.17)	$ (1.18)	$ (0.50)
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	177,034,159	99,489,065	177,015,963	92,456,082
Dividends Declared Per Common Share	$ 0.135	$ 0.195	$ 0.290	$ 0.390