MORTGAGE LOANS HELD-FOR-SALE, at FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2015

Mortgage Loans Held For Sale At Fair Value [Line Items]

Schedule of Mortgage loans held-for-sale [Table Text Block]

The following table presents the carrying value of the Company’s mortgage loans held-for-sale as of March 31, 2015 and December 31, 2014:

	March 31, 2015		December 31, 2014
Unpaid principal balance	$	110,775,080	$	54,348,654
Fair value adjustment		881,111		329,728
Carrying value	$	111,656,191	$	54,678,382

Mortgage Loans Held-for-sale [Member]

Mortgage Loans Held For Sale At Fair Value [Line Items]

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

The geographic concentrations of credit risk exceeding 5% of the total loan balances related to the mortgage loans held-for-sale as of March 31, 2015 are as follows:

	March 31, 2015
Massachussetts		49.6	%
California		13.7	%
New Jersey		13.1	%