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DERIVATIVE INSTRUMENTS HEDGING AND NON-HEDGING ACTIVITIES (Details 2) (USD $)
Mar. 31, 2015
Dec. 31, 2014
Derivative [Line Items]    
Gross amounts of recognized assets   $ 210,424,179us-gaap_DerivativeFairValueOfDerivativeAsset
Gross amounts offset in the Balance Sheet   (149,584,518)us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
Net amounts of assets presented in the Balance Sheet   60,839,661us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
Gross amounts not offset in the Balance Sheet, Financial instruments   (60,818,111)us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement [1]
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged   0us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset [1]
Net amounts of assets, Net amount 0oaks_DerivativeAssetsAtFairValue 21,550oaks_DerivativeAssetsAtFairValue
Gross amounts of recognized liabilities 741,745,307us-gaap_DerivativeFairValueOfDerivativeLiability 443,004,276us-gaap_DerivativeFairValueOfDerivativeLiability
Gross amounts offset in the Balance Sheet 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral 149,584,518us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
Net amounts of liabilities presented in the Balance Sheet 741,745,307oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral 592,588,794oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
Gross amounts not offset in the Balance Sheet, Financial instruments 0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement [1] 0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement [1]
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged 4,102,546us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset [1] 2,289,058us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset [1]
Net amounts of liabilities, Net amount 745,847,853oaks_DerivativeLiabilitiesAtFairValue 594,877,852oaks_DerivativeLiabilitiesAtFairValue
Repurchase agreements and secured loans [Member]    
Derivative [Line Items]    
Gross amounts of recognized liabilities 745,847,853us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember		 594,877,852us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember
Gross amounts offset in the Balance Sheet 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember		 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember
Net amounts of liabilities presented in the Balance Sheet 745,847,853oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember		 594,877,852oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember
Gross amounts not offset in the Balance Sheet, Financial instruments 0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember		 [1] 0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember		 [1]
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged 0us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember		 [1] 0us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember		 [1]
Net amounts of liabilities, Net amount 745,847,853oaks_DerivativeLiabilitiesAtFairValue
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember		 594,877,852oaks_DerivativeLiabilitiesAtFairValue
/ us-gaap_InvestmentTypeAxis
= us-gaap_RepurchaseAgreementsMember
Linked transactions [Member]    
Derivative [Line Items]    
Gross amounts of recognized assets   210,402,629us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [2]
Gross amounts offset in the Balance Sheet   (149,584,518)us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [2]
Net amounts of assets presented in the Balance Sheet   60,818,111us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [2]
Gross amounts not offset in the Balance Sheet, Financial instruments   (60,818,111)us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [1],[2]
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged   0us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [1],[2]
Net amounts of assets, Net amount   0oaks_DerivativeAssetsAtFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [2]
Gross amounts of recognized liabilities   (149,584,518)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [2]
Gross amounts offset in the Balance Sheet   149,584,518us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [2]
Net amounts of liabilities presented in the Balance Sheet   0oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [2]
Gross amounts not offset in the Balance Sheet, Financial instruments   0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [1],[2]
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged   0us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [1],[2]
Net amounts of liabilities, Net amount   0oaks_DerivativeLiabilitiesAtFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_LinkedTansactionsMember		 [2]
Interest rate swaps [Member]    
Derivative [Line Items]    
Gross amounts of recognized liabilities (3,627,780)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember		 (1,755,107)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember
Gross amounts offset in the Balance Sheet 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember		 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember
Net amounts of liabilities presented in the Balance Sheet (3,627,780)oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember		 (1,755,107)oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember
Gross amounts not offset in the Balance Sheet, Financial instruments 0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember		 [1] 0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember		 [1]
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged 3,627,780us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember		 [1] 1,755,107us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember		 [1]
Net amounts of liabilities, Net amount 0oaks_DerivativeLiabilitiesAtFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember		 0oaks_DerivativeLiabilitiesAtFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember
Swaptions [Member]    
Derivative [Line Items]    
Gross amounts of recognized assets   21,550us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_SwaptionMember
Gross amounts offset in the Balance Sheet   0us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_SwaptionMember
Net amounts of assets presented in the Balance Sheet   21,550us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_SwaptionMember
Gross amounts not offset in the Balance Sheet, Financial instruments   0us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_SwaptionMember		 [1]
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged   0us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_SwaptionMember		 [1]
Net amounts of assets, Net amount   21,550oaks_DerivativeAssetsAtFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_SwaptionMember
Futures [Member]    
Derivative [Line Items]    
Gross amounts of recognized liabilities (474,766)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember		 (533,951)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember
Gross amounts offset in the Balance Sheet 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember		 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember
Net amounts of liabilities presented in the Balance Sheet (474,766)oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember		 (533,951)oaks_DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember
Gross amounts not offset in the Balance Sheet, Financial instruments 0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember		 [1] 0us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember		 [1]
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged 474,766us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember		 [1] 533,951us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember		 [1]
Net amounts of liabilities, Net amount $ 0oaks_DerivativeLiabilitiesAtFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember		 $ 0oaks_DerivativeLiabilitiesAtFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= oaks_FuturesMember
[1] Amounts presented are limited in total to the net amount of assets or liabilities presented in the condensed consolidated balance sheets by instrument. Excess cash collateral or financial assets that are pledged to counterparties may exceed the financial liabilities subject to Master Agreements or similar agreements, or counterparties may have pledged excess cash collateral to the Company that exceed the corresponding financial assets. These excess amounts are excluded from the tables above.
[2] Non-Agency RMBS and Multi-Family MBS securities within a linked transaction serve as collateral for the linked transaction. See Note 3 “Non-Hedging Activity – Linked Transactions” for information on linked transaction arrangements.