CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Interest income	$ 35,610,000	$ 34,169,000	$ 112,735,000	$ 90,279,000
Interest expense	21,361,000	1,570,000	32,196,000	5,067,000
Net interest income	14,249,000	32,599,000	80,539,000	85,212,000
Realized gains (losses) on mortgage-backed securities	(66,143,000)	2,977,000	(132,672,000)	(3,068,000)
Unrealized gains (losses) on mortgage-backed securities	(212,221,000)	(11,239,000)	(692,781,000)	(107,386,000)
(Losses) gains on derivative instruments	184,820,000	5,375,000	466,394,000	15,932,000
Net portfolio income	(79,295,000)	29,712,000	(278,520,000)	(9,310,000)
Management Fee Expense	2,616,000	2,156,000	7,881,000	5,569,000
Allocated Overhead	522,000	390,000	1,482,000	1,189,000
Compensation and related benefits	212,000	259,000	763,000	884,000
Directors fees and liability insurance	308,000	279,000	929,000	874,000
Audit, legal and other professional fees	293,000	212,000	899,000	832,000
Direct REIT operating expenses	1,064,000	309,000	2,281,000	1,024,000
Other administrative	203,000	69,000	624,000	514,000
Total expenses	5,218,000	3,674,000	14,859,000	10,886,000
Net income (loss)	$ (84,513,000)	$ 26,038,000	$ (293,379,000)	$ (20,196,000)
Basic and diluted net income (loss) per share
Basic	$ (2.40)	$ 1.00	$ (8.31)	$ (0.95)
Earnings Per Share Diluted	$ (2.40)	$ 1.00	$ (8.31)	$ (0.95)
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	35,205,888	25,717,469	35,336,702	21,061,154
Dividends Declared Per Common Share	$ 0.545	$ 0.975	$ 1.995	$ 2.925