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

3 Months Ended

Mar. 31, 2014

Securities Sold under Agreements to Repurchase [Member]

Schedule of Information Regarding Repurchase Agreements

The following table presents certain information regarding the Company's securities repurchase agreements as of March 31, 2014 and December 31, 2013 by remaining maturity and collateral type:

	March 31, 2014								December 31, 2013
	Non-Agency RMBS				Other Investment Securities				Non-Agency RMBS
			Weighted				Weighted				Weighted
	Balance		Average Rate		Balance		Average Rate		Balance		Average Rate
Securities repurchase agreements
maturing within
30 days or less	$	125,330,562	1.89	%	$	7,560,000	1.90	%	$	121,913,678	1.90	%
31-60 days		6,104,000	1.84			-	-			6,415,000	1.84
61-90 days		20,186,000	1.83			-	-			10,263,000	1.85
Greater than 90 days		-	-			-	-			-	-
Total/weighted average	$	151,620,562	1.88	%	$	7,560,000	1.90	%	$	138,591,678	1.89	%

Schedule of Information Regarding Posting of Collateral

The following table presents information with respect to the Company's posting of collateral under its securities repurchase agreements at March 31, 2014 and December 31, 2013:

			December 31,
	March 31, 2014		2013
Securities repurchase agreements secured by non-Agency RMBS	$	151,620,562	$	138,591,678
Securities repurchase agreements secured by Other Investment Securities		7,560,000		-
Fair value of non-Agency RMBS pledged as collateral		201,451,523		183,722,511
Fair value of Other Investment Securities pledged as collateral		11,087,508		-
Fair value of non-Agency RMBS not pledged as collateral		30,393,376		42,432,710
Cash pledged as collateral		2,416,464		1,360,528