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BORROWINGS (Details 2) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Repurchase Agreement Counterparty [Line Items]    
Repurchase Agreement Counterparties, Amount Outstanding $ 744,847,853us-gaap_SecuredDebtRepurchaseAgreements $ 594,877,852us-gaap_SecuredDebtRepurchaseAgreements [1]
Repurchase Agreement Counterparties, Percent of total amount outstanding 100.00%oaks_RepurchaseAgreementPercentageOfTotalAmountOutstanding 100.00%oaks_RepurchaseAgreementPercentageOfTotalAmountOutstanding
Repurchase Agreement Counterparties, Weighted average days to maturity 45 days 36 days
Repurchase Agreement Counterparties, Market Value of collateral held 912,829,432us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged 845,356,349us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
North America [Member]    
Repurchase Agreement Counterparty [Line Items]    
Repurchase Agreement Counterparties, Amount Outstanding 439,879,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_StatementGeographicalAxis
= us-gaap_NorthAmericaMember
388,138,820us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_StatementGeographicalAxis
= us-gaap_NorthAmericaMember
[1]
Repurchase Agreement Counterparties, Percent of total amount outstanding 59.06%oaks_RepurchaseAgreementPercentageOfTotalAmountOutstanding
/ us-gaap_StatementGeographicalAxis
= us-gaap_NorthAmericaMember
65.25%oaks_RepurchaseAgreementPercentageOfTotalAmountOutstanding
/ us-gaap_StatementGeographicalAxis
= us-gaap_NorthAmericaMember
Repurchase Agreement Counterparties, Weighted average days to maturity 20 days 19 days
Repurchase Agreement Counterparties, Market Value of collateral held 595,758,052us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
/ us-gaap_StatementGeographicalAxis
= us-gaap_NorthAmericaMember
458,095,791us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
/ us-gaap_StatementGeographicalAxis
= us-gaap_NorthAmericaMember
Europe [Member]    
Repurchase Agreement Counterparty [Line Items]    
Repurchase Agreement Counterparties, Amount Outstanding 183,135,853us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[2] 93,350,032us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[1],[2]
Repurchase Agreement Counterparties, Percent of total amount outstanding 24.58%oaks_RepurchaseAgreementPercentageOfTotalAmountOutstanding
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[2] 15.69%oaks_RepurchaseAgreementPercentageOfTotalAmountOutstanding
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[2]
Repurchase Agreement Counterparties, Weighted average days to maturity 129 days [2] 21 days [2]
Repurchase Agreement Counterparties, Market Value of collateral held 185,152,479us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[2] 85,810,345us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[2]
Asia [Member]    
Repurchase Agreement Counterparty [Line Items]    
Repurchase Agreement Counterparties, Amount Outstanding 121,833,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_StatementGeographicalAxis
= us-gaap_AsiaMember
[2] 113,389,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_StatementGeographicalAxis
= us-gaap_AsiaMember
[1],[2]
Repurchase Agreement Counterparties, Percent of total amount outstanding 16.36%oaks_RepurchaseAgreementPercentageOfTotalAmountOutstanding
/ us-gaap_StatementGeographicalAxis
= us-gaap_AsiaMember
[2] 19.06%oaks_RepurchaseAgreementPercentageOfTotalAmountOutstanding
/ us-gaap_StatementGeographicalAxis
= us-gaap_AsiaMember
[2]
Repurchase Agreement Counterparties, Weighted average days to maturity 14 days [2] 122 days [2]
Repurchase Agreement Counterparties, Market Value of collateral held $ 131,918,900us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
/ us-gaap_StatementGeographicalAxis
= us-gaap_AsiaMember
[2] $ 301,450,213us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
/ us-gaap_StatementGeographicalAxis
= us-gaap_AsiaMember
[2]
[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).
[2] Counterparties domiciled in Europe and Asia, or their U.S. subsidiaries.