REPURCHASE AGREEMENTS (Details Textual) (USD $)	Jun. 30, 2014		Dec. 31, 2013
Repurchase Agreements [Line Items]
Repurchase agreements	$ 512,289,697	[1]	$ 412,172,000	[2]
Repurchase Agreements Weighted Average Interest Rate	0.51%		0.57%
Multi Family MBS [Member]
Repurchase Agreements [Line Items]
Repurchase agreements	$ 99,751,000

[1] At June 30, 2014, the Company had repurchase agreements of $97,966,000 and $99,751,000 that were linked to Non-Agency RMBS and Multi-Family MBS purchases, respectively, 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, 2013, the Company had repurchase agreements of $61,181,000 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).