Repurchase Agreements (Tables) (Securities Sold under Agreements to Repurchase [Member])

6 Months Ended

Jun. 30, 2013

Securities Sold under Agreements to Repurchase [Member]

Schedule of Information Regarding Repurchase Agreements

The following table presents certain information regarding the Company's real estate securities repurchase agreements as of June 30, 2013 by remaining maturity and collateral type:

	Agency RMBS				Non-Agency RMBS
			Weighted				Weighted
	Balance		Average Rate		Balance		Average Rate
Repurchase agreements maturing
within
30 days or less	$	147,472,330	0.39	%	$	161,025,085	2.03	%
31-60 days		-	-			-	-
61-90 days		-	-			-	-
Greater than 90 days		-	-			-	-
Total / weighted average	$	147,472,330	0.39	%	$	161,025,085	2.03	%

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

	Agency RMBS				Non-Agency RMBS
			Weighted				Weighted
	Balance		Average Rate		Balance		Average 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 RMBS collateral at June 30, 2013:

Repurchase agreements secured by Agency RMBS	$	147,472,330
Fair value of Agency RMBS pledged as collateral under repurchase agreements		150,498,206
Fair value of Agency RMBS not pledged as collateral under repurchase agreements		24,003,900
Repurchase agreements secured by non-Agency RMBS		161,025,085
Fair value of non-Agency RMBS pledged as collateral under repurchase agreements		213,888,493
Fair value of non-Agency RMBS not pledged as collateral under repurchase agreements		56,146,097
Cash pledged under repurchase agreements		6,400,451

The following table presents information with respect to the Company's posting of RMBS 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