MORTGAGE LOANS HELD-FOR-SALE, at FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2015

Mortgage Loans Held For Sale At Fair Value [Line Items]

Schedule of Mortgage loans held-for-sale [Table Text Block]

The following table presents the fair value of the Company’s mortgage loans held-for-sale as of June 30, 2015 and December 31, 2014:

	June 30, 2015		December 31, 2014
Unpaid principal balance	$	48,699,760	$	54,348,654
Fair value adjustment		278,939		329,728
Fair value	$	48,978,699	$	54,678,382

Mortgage Loans Held-for-sale [Member]

Mortgage Loans Held For Sale At Fair Value [Line Items]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

The geographic concentrations of credit risk exceeding 5% of the total loan balances related to the mortgage loans held-for-sale as of June 30, 2015 are as follows:

	June 30, 2015
Massachussetts		34.3	%
California		25.6	%
New Jersey		14.4	%