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BORROWINGS (Details 1) (USD $)
Mar. 31, 2015
Dec. 31, 2014
Repurchase Agreements [Line Items]    
Repurchase agreements $ 744,847,853us-gaap_SecuredDebtRepurchaseAgreements $ 594,877,852us-gaap_SecuredDebtRepurchaseAgreements [1]
Maturity up to 30 days [Member]    
Repurchase Agreements [Line Items]    
Repurchase agreements 548,608,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
465,817,820us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
Maturity 31 To 60 Days [Member]    
Repurchase Agreements [Line Items]    
Repurchase agreements 45,491,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= oaks_Maturity30To60DaysMember
86,025,327us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= oaks_Maturity30To60DaysMember
Maturity 61 To 90 Days [Member]    
Repurchase Agreements [Line Items]    
Repurchase agreements 23,264,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= oaks_Maturity60To90DaysMember
0us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= oaks_Maturity60To90DaysMember
Maturity Over 90 Days Member [Member]    
Repurchase Agreements [Line Items]    
Repurchase agreements $ 127,484,853us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= oaks_MaturityOver90DaysMemberMember
$ 43,034,705us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= oaks_MaturityOver90DaysMemberMember
[1] At December 31, 2014, the Company had repurchase agreements of $85,497,000 and $63,796,000 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).