REPURCHASE AGREEMENTS (Details 1) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Repurchase agreements	$ 563,529,000	[1]	$ 63,423,000	[2]
Maturity up to 30 days [Member]
Repurchase agreements	304,140,000		59,616,000
Maturity 30 To 60 Days [Member]
Repurchase agreements	177,589,000		3,807,000
Maturity 60 To 90 Days [Member]
Repurchase agreements	36,461,000		0
Maturity Over 90 Days Member [Member]
Repurchase agreements	$ 45,339,000		$ 0

[1] At June 30, 2013, the Company had repurchase agreements of $30,310,000 that were linked to Non-Agency RMBS purchases and were accounted for as Linked Transactions, and as such, the linked repurchase agreements are not included in the above table. (See Note 3).

[2] At December 31, 2012, the Company had repurchase agreements of $13,989,000 that were linked to Non-Agency RMBS purchases and were accounted for as Linked Transactions, and as such, the linked repurchase agreements are not included in the above table. (See Note 3).