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RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS (Details) (USD $)
Mar. 31, 2015
Dec. 31, 2014
Assets    
Residential mortgage loans held in securitization trusts $ 1,671,260,380oaks_MultifamilyLoansHeldInSecuritizationTrustsAtFairValue $ 1,750,294,430oaks_MultifamilyLoansHeldInSecuritizationTrustsAtFairValue
Total assets 2,992,456,404us-gaap_Assets [1] 2,922,209,557us-gaap_Assets [1]
Liabilities and Equity    
Residential securitized debt obligations 1,589,502,264oaks_MulitfamilySecuritizedDebtObligations 1,670,573,456oaks_MulitfamilySecuritizedDebtObligations
Liabilities 2,783,844,126us-gaap_Liabilities [1] 2,709,411,427us-gaap_Liabilities [1]
Equity 208,612,278us-gaap_StockholdersEquity 212,798,130us-gaap_StockholdersEquity
Total liabilities and equity 2,992,456,404us-gaap_LiabilitiesAndStockholdersEquity 2,922,209,557us-gaap_LiabilitiesAndStockholdersEquity
Residential Mortgage [Member]    
Assets    
Residential mortgage loans held in securitization trusts 556,180,947oaks_MultifamilyLoansHeldInSecuritizationTrustsAtFairValue
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_ResidentialMortgageMember
 
Receivables 1,844,367us-gaap_NontradeReceivables
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_ResidentialMortgageMember
 
Total assets 558,025,313us-gaap_Assets
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_ResidentialMortgageMember
 
Liabilities and Equity    
Residential securitized debt obligations 434,401,168oaks_MulitfamilySecuritizedDebtObligations
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_ResidentialMortgageMember
 
Payables 1,239,051us-gaap_AccruedLiabilitiesCurrentAndNoncurrent
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_ResidentialMortgageMember
 
Liabilities 435,640,220us-gaap_Liabilities
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_ResidentialMortgageMember
 
Equity 122,385,094us-gaap_StockholdersEquity
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_ResidentialMortgageMember
 
Total liabilities and equity $ 558,025,314us-gaap_LiabilitiesAndStockholdersEquity
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_ResidentialMortgageMember
 
[1] Our condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIE's) as the Company is the primary beneficiary of these VIEs. As of March 31, 2015 and December 31, 2014, assets of consolidated VIEs totaled $2,235,029,892 and $2,389,784,101, respectively, and the liabilities of consolidated VIEs totaled $2,030,674,136 and $2,180,936,221, respectively