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Segment Information (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Segment Reporting Information [Line Items]        
Interest income $ 5,187,141 $ 9,561,348 $ 13,892,057 $ 19,248,745
Interest expense 4,113,725 4,727,749 8,911,002 9,473,226
Net interest income (expense) 1,073,416 4,833,599 4,981,055 9,775,519
Non-interest income 11,461,423 17,430,551 17,126,287 26,806,981
Change in unrealized gain or loss (20,013,381) (803,311) (19,324,692) (1,942,737)
Realized gain 22,450,664 484,450 22,264,630 649,238
(Loss)/gain on derivative instruments 69,673 1,401,457 (606,595) 494,367
Advisory fee - related party 773,357 717,488 1,540,835 1,428,288
Salaries, commissions and benefits 9,505,846 8,090,407 17,471,938 15,489,665
Operating expenses 2,683,898 3,953,156 5,724,782 6,872,804
Other Expenses:        
Expenses 2,907,215 745,725 5,278,650 1,653,500
Depreciation and amortization 236,902 230,538 469,332 457,962
Total other expenses 3,144,117 976,263 5,747,982 2,111,462
Net income (loss) before income taxes (1,065,423) 9,609,432 (6,044,852) 9,881,149
Income tax expense 55,330 2,899,916 (1,547,905) 2,754,387
Segment net income (loss) (1,120,753) 6,709,516 (4,496,947) 7,126,762
Residential Mortgage Investment [Member]        
Segment Reporting Information [Line Items]        
Interest income 4,271,081 8,768,124 12,202,034 17,847,289
Interest expense 1,991,437 2,765,823 4,772,683 5,521,268
Net interest income (expense) 2,279,644 6,002,301 7,429,351 12,326,021
Non-interest income 0 0 0 0
Change in unrealized gain or loss (20,013,381) (803,311) (19,324,692) (1,942,737)
Realized gain 22,450,664 484,450 22,264,630 649,238
(Loss)/gain on derivative instruments (381,417) 1,401,457 (1,123,106) 494,367
Advisory fee - related party 295,396 367,323 620,335 696,289
Salaries, commissions and benefits 0 0 0 0
Operating expenses 260,487 170,563 618,819 217,958
Other Expenses:        
Expenses 910,633 730,397 1,290,794 1,588,849
Depreciation and amortization 0 0 0 0
Total other expenses 910,633 730,397 1,290,794 1,588,849
Net income (loss) before income taxes 2,868,994 5,816,614 6,716,235 9,023,793
Income tax expense 0 0 0 0
Segment net income (loss) 2,868,994 5,816,614 6,716,235 9,023,793
Residential Mortgage Banking [Member]        
Segment Reporting Information [Line Items]        
Interest income 916,060 793,224 1,690,023 1,401,456
Interest expense 653,639 518,932 1,205,459 1,072,291
Net interest income (expense) 262,421 274,292 484,564 329,165
Non-interest income 11,461,423 17,430,551 17,126,287 26,806,981
Change in unrealized gain or loss 0 0 0 0
Realized gain 0 0 0 0
(Loss)/gain on derivative instruments 0 0 0 0
Advisory fee - related party 88,891 136,428 202,013 265,264
Salaries, commissions and benefits 9,505,846 8,090,407 17,471,938 15,489,665
Operating expenses 1,778,403 2,175,927 3,494,196 4,166,215
Other Expenses:        
Expenses 0 15,328 0 64,651
Depreciation and amortization 236,902 230,538 469,332 457,962
Total other expenses 236,902 245,866 469,332 522,613
Net income (loss) before income taxes 113,802 7,056,215 (4,026,628) 6,692,389
Income tax expense 55,330 2,899,916 (1,547,905) 2,754,387
Segment net income (loss) 58,472 4,156,299 (2,478,723) 3,938,002
Corporate/Other [Member]        
Segment Reporting Information [Line Items]        
Interest income 0 0 0 0
Interest expense 1,468,649 1,442,994 2,932,860 2,879,667
Net interest income (expense) (1,468,649) (1,442,994) (2,932,860) (2,879,667)
Non-interest income 0 0 0 0
Change in unrealized gain or loss 0 0 0 0
Realized gain 0 0 0 0
(Loss)/gain on derivative instruments 451,090 0 516,511 0
Advisory fee - related party 389,070 213,737 718,487 466,735
Salaries, commissions and benefits 0 0 0 0
Operating expenses 645,008 1,606,666 1,611,767 2,488,631
Other Expenses:        
Expenses 1,996,582 0 3,987,856 0
Depreciation and amortization 0 0 0 0
Total other expenses 1,996,582 0 3,987,856 0
Net income (loss) before income taxes (4,048,219) (3,263,397) (8,734,459) (5,835,033)
Income tax expense 0 0 0 0
Segment net income (loss) $ (4,048,219) $ (3,263,397) $ (8,734,459) $ (5,835,033)