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REPURCHASE AGREEMENTS (Details 2) (USD $)
 6 Months Ended 12 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Repurchase agreements $ 563,529,000 [1] $ 63,423,000 [2]
Repurchase Agreement Percentage Of Total Amount Outstanding 100.00% 100.00%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements 40 days 17 days
Fair Value of Securities Received as Collateral that Can be Resold or Repledged 590,302,740 66,337,080
North America [Member]
    
Repurchase agreements 262,968,000 [1] 52,874,000 [2]
Repurchase Agreement Percentage Of Total Amount Outstanding 46.67% 83.37%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements 45 days 17 days
Fair Value of Securities Received as Collateral that Can be Resold or Repledged 275,654,422 55,462,506
Europe [Member]
    
Repurchase agreements 193,311,000 [1],[3]  
Repurchase Agreement Percentage Of Total Amount Outstanding 34.30% [3]  
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements 41 days [3]  
Fair Value of Securities Received as Collateral that Can be Resold or Repledged 202,694,448 [3]  
Asia [Member]
    
Repurchase agreements 107,250,000 [1],[3] 10,549,000 [2],[3]
Repurchase Agreement Percentage Of Total Amount Outstanding 19.03% [3] 16.63% [3]
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements 24 days [3] 18 days [3]
Fair Value of Securities Received as Collateral that Can be Resold or Repledged $ 111,953,870 [3] $ 10,874,574 [3]
[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).
[3] Counterparties domiciled in Europe and Asia, or their U.S. subsidiaries.