BORROWINGS (Details Textual) - USD ($)	Jun. 30, 2015		Dec. 31, 2014
Repurchase Agreements [Line Items]
Repurchase agreements	$ 541,041,099		$ 594,877,852	[1]
Repurchase Agreements Weighted Average Interest Rate	1.36%	[1],[2]	0.99%
Federal Funds Purchased and Securities Sold under Agreements to Repurchase	$ 53,400,000		$ 0
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	500,000,000
Secured Debt	$ 8,100,000
Debt, Weighted Average Interest Rate	0.35%
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 55,900,000
Federal Home Loan Bank Stock	$ 2,403,000		0
Non Agency Linked Transactions [Member] | Repurchase Agreements [Member]
Repurchase Agreements [Line Items]
Repurchase agreements			85,497,000
Multi Family MBS [Member] | Repurchase Agreements [Member]
Repurchase Agreements [Line Items]
Repurchase agreements			$ 63,796,000

[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.