RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS (Tables) - Residential Mortgage [Member]

6 Months Ended

Jun. 30, 2015

Condensed Balance Sheet [Table Text Block]

	June 30, 2015		December 31, 2014
Balance Sheet
Assets
Residential mortgage loans held in securitization trusts	$	472,629,816		631,446,984
Receivables		1,576,063		2,030,045

Total assets	$	474,205,879		633,477,029

Liabilities and Equity
Residential securitized debt obligations	$	356,104,980		502,900,040
Payables		1,046,285		1,662,660
	$	357,151,265		504,562,700
Equity		117,054,614		128,914,329

Total liabilities and equity	$	474,205,879		633,477,029

Condensed Income Statement [Table Text Block]

The condensed consolidated statements of operations of the residential mortgage loan securitization trusts for the three and six months ended June 30, 2015 and June 30, 2014 are as follows:

	Three Months Ended June 30, 2015		Three Months Ended June 30, 2014
Statement of Operations
Interest income	$	5,039,380	-
Interest expense		3,102,240	-
Net interest income	$	1,937,140	-
General and administrative fees		(107,325)	-
Unrealized gain (loss) on residential loans held in securitization trusts		(2,975,804)	-
Net Income	$	(1,145,989)	-

	Six Months Ended		Six Months Ended
	June 30, 2015		June 30, 2014
Statement of Operations
Interest income	$	10,931,159		-
Interest expense		6,757,709		-
Net interest income	$	4,173,450		-
General and administrative fees		(348,520)		-
Unrealized gain (loss) on residential loans held in securitization trusts		(6,332,205)		-
Net Income	$	(2,507,275)		-

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 residential mortgage loan securitization trusts as of June 30, 2015:

	June 30, 2015
California		48.6	%
Washington		13.0	%
Massachussetts		5.5	%