Offsetting Assets and Liabilities

6 Months Ended

Jun. 30, 2013

Offsetting Assets and Liabilities [Abstract]

Offsetting Assets and Liabilities

14.	Offsetting Assets and Liabilities
	The following tables present information about certain assets and liabilities that are subject to master netting arrangements (or similar agreements) and can potentially be offset on the Company's consolidated balance sheet at June 30, 2013 and December 31, 2012:
	Offsetting of Liabilities

						Net Amounts of		Gross Amounts Not Offset in the
			Gross Amounts			Liabilities		Consolidated Balance Sheet
	Gross Amounts		Offset in the			Presented in the		Financial
	of Recognized		Consolidated			Consolidated		Instruments			Cash Collateral
	Liabilities		Balance Sheet			Balance Sheet		Pledged			Pledged			Net Amount
June 30, 2013
Repurchase agreements	$	308,497,415	$	-		$	308,497,415	$	(302,096,964	)	$	(6,400,451	)	$	-
Loan repurchase facility		89,112,325		-			89,112,325		(89,112,325	)		-			-
Derivative liabilities
(TBA contracts)		8,138,671		(3,069,199	)		5,069,472		-			(5,069,472	)		-
Total	$	405,748,411	$	(3,069,199	)	$	402,679,212	$	(391,209,289	)	$	(11,469,923	)	$	-
December 31, 2012
Repurchase agreements	$	116,080,467		-		$	116,080,467	$	(114,745,162	)	$	(1,335,305	)	$	-
Derivative liabilities (interest rate swap
agreements)		1,144,744		-			1,144,744		-			(1,144,744	)		-
	$	117,225,211	$	-		$	117,225,211	$	(114,745,162	)	$	(2,480,049	)	$	-

Offsetting of Assets
						Net Amounts of		Gross Amounts Not Offset in the
			Gross Amounts			Assets Presented		Consolidated Balance Sheet
	Gross Amounts		Offset in the			in the		Financial
	of Recognized		Consolidated			Consolidated		Instruments		Cash Collateral
	Assets		Balance Sheet			Balance Sheet		Pledged		Pledged		Net Amount
June 30, 2013
Derivative assets (interest rate swap agreements)	$	7,590,729	$	(421,198	)	$	7,169,531	$	-	$	983,441	$	8,152,972
	$	7,590,729	$	(421,198	)	$	7,169,531	$	-	$	983,441	$	8,152,972