Condensed Statement of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Interest Income:
Agency Securities, net of amortization of premium	$ 7,144
Non-Agency Securities, including discount accretion	1,860
Total interest income	9,004
Interest expense:
Repurchase agreements	(1,727)
Net interest income	7,277
Other Income:
Net gain on Non-Agency Securities	2,210
Net gain on derivatives (Note 9)	2,494
Total other income	4,704
Expenses:
Management fee	563
Professional fees	194
Insurance	56
Compensation	84
Other	106
Total expenses	1,003
Net income before taxes	10,978
Income tax expense	(2)
Net Income	10,976
Net income per common share (Note 12) (in Dollars per share)	$ 1.46
Weighted average common shares outstanding (in Shares)	7,500
Dividends
Common dividends declared	$ 5,175
Common shares of record (in Shares)	7,500
Dividends declared per common share (in Dollars per share)	$ 0.69