Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ 1,047,689	$ (2,893,407)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock based compensation	209,536	49,036
Depreciation	43,988	47,198
Deferred income tax provision (benefit)	531,878	471,310
Losses (gains) on mortgage-backed securities	(211,816)	197,399
Gains on retained interests in securitizations	(1,079,867)	(2,538,580)
Unrealized losses on Orchid Island Capital, Inc. common stock	502,213	(1,806,264)
Changes in operating assets and liabilities
Accrued interest receivable	(74,956)	20,059
Other assets	(220,035)	307,426
Accrued interest payable	35,022	(5,286)
Other liabilities	(887,770)	3,251,276
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(1,108,544)	712,695
From mortgage-backed securities investments
Purchases	(74,459,950)	(986,194)
Sales	41,767,104	0
Principal repayments	6,055,058	10,858,661
Payments received on retained interests in securitizations	844,870	2,296,806
Increase in restricted cash	(160,830)	(1,813,890)
Payments To Acquire Equity Method Investments	1,859,277	0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(27,813,025)	10,355,383
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	424,489,350	451,679,644
Principal payments on repurchase agreements	(397,998,869)	(460,437,709)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	26,490,481	(8,758,065)
NET INCREASE IN CASH AND CASH EQUIVALENTS	(2,431,088)	2,310,013
CASH AND CASH EQUIVALENTS, beginning of the period	6,310,683	4,699,059
CASH AND CASH EQUIVALENTS, end of the period	3,879,595	7,009,072
Cash paid during the period for:
Interest	806,923	695,081
Income Taxes	$ 515,433	$ 137,001