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Repurchase Agreements (Tables)
 3 Months Ended
Mar. 31, 2013
Repurchase Agreements [Abstract]  
Schedule of Information Regarding Repurchase Agreements
       

The following table presents certain information regarding the Company's repurchase agreements as of March 31, 2013 by remaining maturity and collateral type:

                Agency Securities       Non-Agency Securities
                Weighted             Weighted
            Average         Average
      Balance   Rate   Balance   Rate
  Repurchase agreements maturing within                        
  30 days or less   $       139,931,509           0.44 %   $       133,978,530           2.00 %
  31-60 days     -   -       -   -  
  61-90 days     21,699,000   0.44       -   -  
  Greater than 90 days     -   -       -   -  
         Total / weighted average   $ 161,630,509   0.44 %   $ 133,978,530   2.00 %

       

The following table presents certain information regarding the Company's repurchase agreements as of December 31, 2012 by remaining maturity and collateral type:

                Agency Securities       Non-Agency Securities
                Weighted             Weighted
            Average         Average
      Balance   Rate   Balance   Rate
  Repurchase agreements maturing within                        
  30 days or less   $       44,174,600           0.49 %   $       49,441,377           2.15 %
  31-60 days     10,866,170   0.49       -   -  
  61-90 days     11,598,320   0.47       -   -  
  Greater than 90 days     -   -       -   -  
         Total / weighted average   $ 66,639,090   0.49 %   $ 49,441,377   2.15 %
Schedule of Information Regarding Posting of Collateral

The following table presents information with respect to the Company's posting of collateral at March 31, 2013:

        Repurchase agreements secured by Agency RMBS $        161,630,509
  Fair value of Agency RMBS pledged as collateral under repurchase agreements   173,137,188
  Fair value of Agency RMBS not pledged as collateral under repurchase agreements   9,151,501
  Repurchase agreements secured by non-Agency RMBS   133,978,530
  Fair value of non-Agency RMBS pledged as collateral under repurchase agreements   181,310,973
  Fair value of non-Agency RMBS not pledged as collateral under repurchase agreements   92,328,811
  Cash pledged under repurchase agreements   2,277,608

       

The following table presents information with respect to the Company's posting of collateral at December 31, 2012:

        Repurchase agreements secured by Agency RMBS $      66,639,090
  Fair value of Agency RMBS pledged as collateral under repurchase agreements   63,535,780
  Fair value of Agency RMBS not pledged as collateral under repurchase agreements   6,224,252
  Repurchase agreements secured by non-Agency RMBS   49,441,377
  Fair value of non-Agency RMBS pledged as collateral under repurchase agreements   70,003,218
  Fair value of non-Agency RMBS not pledged as collateral under repurchase agreements   30,908,433
  Cash pledged under repurchase agreements   1,335,305