BORROWINGS (Details) - USD ($)		Jun. 30, 2015		Dec. 31, 2014
Short-term Debt [Line Items]
Repurchase Agreements, Amount outstanding		$ 541,041,099		$ 594,877,852	[1]
Repurchase Agreements, Weighted average interest rate		1.36%	[1],[2]	0.99%
Agency [Member]
Short-term Debt [Line Items]
Repurchase Agreements, Amount outstanding		$ 168,366,000		$ 298,783,000
Repurchase Agreements, Weighted average interest rate		0.37%		0.36%
Non-Agency [Member]
Short-term Debt [Line Items]
Repurchase Agreements, Amount outstanding	[3]	$ 200,524,000		$ 200,347,000
Repurchase Agreements, Weighted average interest rate	[3]	1.94%		1.25%
Multi-Family [Member]
Short-term Debt [Line Items]
Repurchase Agreements, Amount outstanding		$ 129,488,000		$ 45,484,000
Repurchase Agreements, Weighted average interest rate		1.55%		1.85%
Mortgage loans [Member]
Short-term Debt [Line Items]
Repurchase Agreements, Amount outstanding		$ 42,663,099		$ 50,263,852
Repurchase Agreements, Weighted average interest rate		2.65%		2.86%

[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.

[3] At December 31, 2014, the Company had repurchase agreements of $85,497,000 that were linked to Non-Agency RMBS purchases and were accounted for as Linked Transactions, and as such, the linked repurchase agreements are not included in the above table. (See Note 3).