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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Interest income:    
Available-for-sale securities $ 6,805,958us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale $ 3,902,963us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
Mortgage loans held-for-sale 705,461us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages 0us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages
Multi-family loans held in securitization trusts 17,635,476us-gaap_InterestIncomeSecuritiesMortgageBacked 0us-gaap_InterestIncomeSecuritiesMortgageBacked
Residential loans held in securitization trusts 5,891,779us-gaap_InterestAndOtherIncome 0us-gaap_InterestAndOtherIncome
Cash and cash equivalents 4,341us-gaap_InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper 5,660us-gaap_InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
Interest expense:    
Repurchase agreements - available-for-sale securities (1,712,768)oaks_InterestExpenseRepurchaseAgreementsAvailableforsaleSecurities (561,159)oaks_InterestExpenseRepurchaseAgreementsAvailableforsaleSecurities
Repurchase agreements - mortgage loans held-for-sale (436,593)oaks_InterestExpenseRepurchaseAgreementsLoansHeldForSaleMortgages 0oaks_InterestExpenseRepurchaseAgreementsLoansHeldForSaleMortgages
Multi-family securitized debt obligations (16,135,459)us-gaap_InterestExpenseLongTermDebt 0us-gaap_InterestExpenseLongTermDebt
Residential securitized debt obligations (3,655,469)us-gaap_InterestExpenseOtherLongTermDebt 0us-gaap_InterestExpenseOtherLongTermDebt
Net interest income 9,102,726us-gaap_InterestIncomeExpenseNet 3,347,464us-gaap_InterestIncomeExpenseNet
Other-than-temporary impairments    
Increase in credit reserves (1,977,489)oaks_OtherThanTemporaryImpairmentLossesInvestmentsPortionIncreaseInCreditReserves 0oaks_OtherThanTemporaryImpairmentLossesInvestmentsPortionIncreaseInCreditReserves
Additional other-than-temporary credit impairment losses (2,890,939)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Total impairment losses recognized in earnings (4,868,428)us-gaap_GainLossOnSecuritizationOfFinancialAssets 0us-gaap_GainLossOnSecuritizationOfFinancialAssets
Other income:    
Realized gain (loss) on sale of investments, net (154,313)us-gaap_GainLossOnSaleOfInvestments (4,208,016)us-gaap_GainLossOnSaleOfInvestments
Unrealized gain (loss) and net interest income from Linked Transactions 0oaks_UnrealizedGainLossAndNetInterestIncomeFromDerivatives 5,892,193oaks_UnrealizedGainLossAndNetInterestIncomeFromDerivatives
Realized gain (loss) on derivative contracts, net (2,830,486)us-gaap_GainLossOnSaleOfDerivatives (842,767)us-gaap_GainLossOnSaleOfDerivatives
Unrealized gain (loss) on derivative contracts, net (1,751,038)oaks_UnrealizedGainLossOnInterestRateSwapAndSwaptionAgreementsNet (5,132,327)oaks_UnrealizedGainLossOnInterestRateSwapAndSwaptionAgreementsNet
Realized gain on mortgage loans held-for-sale 272,232oaks_RealizedLossOnMortgageLoansHeldforsale 0oaks_RealizedLossOnMortgageLoansHeldforsale
Unrealized gain on mortgage loans held-for-sale 551,383us-gaap_GainLossOnSaleOfMortgageLoans 0us-gaap_GainLossOnSaleOfMortgageLoans
Unrealized gain/(loss) on multi-family loans held in securitization trusts 2,037,112oaks_UnrealizedGainOnMultifamilyLoansHeldInSecuritizationTrusts 0oaks_UnrealizedGainOnMultifamilyLoansHeldInSecuritizationTrusts
Unrealized gain/(loss) on residential loans held in securitization trusts (3,356,407)oaks_UnrealizedGainOnResidentialLoansHeldInSecuritizationTrusts 0oaks_UnrealizedGainOnResidentialLoansHeldInSecuritizationTrusts
Total other income (loss) (5,231,517)oaks_OtherIncomeLoss (4,290,917)oaks_OtherIncomeLoss
Expenses:    
Management fee 717,775us-gaap_ManagementFeeExpense 467,536us-gaap_ManagementFeeExpense
General and administrative expenses 1,683,876us-gaap_GeneralAndAdministrativeExpense 252,089us-gaap_GeneralAndAdministrativeExpense
Operating expenses reimbursable to Manager 1,051,567us-gaap_CostOfReimbursableExpense 668,653us-gaap_CostOfReimbursableExpense
Other operating expenses 619,243us-gaap_OtherExpenses 129,465us-gaap_OtherExpenses
Compensation expense 60,647us-gaap_ShareBasedCompensation 80,078us-gaap_ShareBasedCompensation
Total expenses 4,133,108us-gaap_OperatingExpenses 1,597,821us-gaap_OperatingExpenses
Net income (loss) (5,130,327)us-gaap_NetIncomeLoss (2,541,274)us-gaap_NetIncomeLoss
Dividends to preferred stockholders (880,509)us-gaap_PreferredStockDividendsAndOtherAdjustments (480,573)us-gaap_PreferredStockDividendsAndOtherAdjustments
Net income (loss) attributable to common stockholders (6,010,836)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (3,021,847)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings (loss) per share:    
Net income attributable to common stockholders (basic and diluted) $ (6,010,836)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (3,021,847)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Weighted average number of shares of common stock outstanding (in shares) 14,718,750us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 8,872,617us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Basic and diluted income (loss) per share (in dollars per share) $ (0.41)us-gaap_EarningsPerShareBasicAndDiluted $ (0.34)us-gaap_EarningsPerShareBasicAndDiluted
Dividends declared per share of common stock (in dollars per share) $ 0.38us-gaap_CommonStockDividendsPerShareDeclared $ 0.36us-gaap_CommonStockDividendsPerShareDeclared