Note 6 - Consolidated K-Series (Tables)

9 Months Ended

Sep. 30, 2014

Note 6 - Consolidated K-Series (Tables) [Line Items]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

	September 30, 2014			December 31, 2013
New York		35.6	%		35.9	%
Massachusetts		24.8	%		24.6	%
New Jersey		10.8	%		10.4	%
Florida		6.1	%		5.8	%
Connecticut		5.9	%		5.6	%

Consolidated K-Series [Member]

Note 6 - Consolidated K-Series (Tables) [Line Items]

Condensed Balance Sheet [Table Text Block]

Balance Sheets	September 30, 2014		December 31, 2013
Assets
Multi-family loans held in securitization trusts	$	8,303,169	$	8,111,022
Receivables		29,133		30,222
Total Assets	$	8,332,302	$	8,141,244
Liabilities and Equity
Multi-family CDOs	$	8,005,013	$	7,871,020
Accrued expenses		28,684		29,766
Total Liabilities		8,033,697		7,900,786
Equity(1)		298,605		240,458
Total Liabilities and Equity	$	8,332,302	$	8,141,244

Condensed Income Statement [Table Text Block]

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Statements of Operations	2014		2013		2014		2013
Interest income	$	75,891	$	61,179	$	226,336	$	160,981
Interest expense		69,310		56,199		207,167		148,107
Net interest income		6,581		4,980		19,169		12,874
Unrealized gain on multi-family loans and debt held in securitization trusts, net		18,115		6,338		43,060		22,370
Net Income	$	24,696	$	11,318	$	62,229	$	35,244

Multi-Family Loans Held in Securitization Trusts [Member]

Note 6 - Consolidated K-Series (Tables) [Line Items]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

	September 30, 2014			December 31, 2013
California		13.3	%		14.0	%
Texas		12.2	%		13.7	%
New York		7.5	%		7.2	%
Florida		6.8	%		6.5	%
Washington		5.4	%		5.3	%