DERIVATIVE INSTRUMENTS HEDGING AND NON-HEDGING ACTIVITIES (Details 2) - USD ($)		Jun. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Gross amounts of recognized assets			$ 210,424,179
Gross amounts offset in the Balance Sheet			(149,584,518)
Net amounts of assets presented in the Balance Sheet			60,839,661
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]		(60,818,111)
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]		0
Net amounts of assets, Net amount		$ 0	21,550
Gross amounts of recognized liabilities		591,240,580	443,004,276
Gross amounts offset in the Balance Sheet		0	149,584,518
Net amounts of liabilities presented in the Balance Sheet		591,240,580	592,588,794
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	3,200,519	2,289,058
Net amounts of liabilities, Net amount		594,441,099	594,877,852
Repurchase agreements and secured loans [Member]
Derivative [Line Items]
Gross amounts of recognized liabilities		541,041,099	594,877,852
Gross amounts offset in the Balance Sheet		0	0
Net amounts of liabilities presented in the Balance Sheet		541,041,099	594,877,852
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	0	0
Net amounts of liabilities, Net amount		541,041,099	594,877,852
Linked transactions [Member]
Derivative [Line Items]
Gross amounts of recognized assets			210,402,629
Gross amounts offset in the Balance Sheet			(149,584,518)
Net amounts of assets presented in the Balance Sheet			60,818,111
Gross amounts not offset in the Balance Sheet, Financial instruments	[1],[2]		(60,818,111)
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1],[2]		0
Net amounts of assets, Net amount			0
Gross amounts of recognized liabilities	[2]		(149,584,518)
Gross amounts offset in the Balance Sheet	[2]		149,584,518
Net amounts of liabilities presented in the Balance Sheet	[2]		0
Gross amounts not offset in the Balance Sheet, Financial instruments	[1],[2]		0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1],[2]		0
Net amounts of liabilities, Net amount	[2]		0
Interest rate swaps [Member]
Derivative [Line Items]
Gross amounts of recognized liabilities		(2,850,933)	(1,755,107)
Gross amounts offset in the Balance Sheet		0	0
Net amounts of liabilities presented in the Balance Sheet		(2,850,933)	(1,755,107)
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	2,850,933	1,755,107
Net amounts of liabilities, Net amount		0	0
Swaptions [Member]
Derivative [Line Items]
Gross amounts of recognized assets			21,550
Gross amounts offset in the Balance Sheet			0
Net amounts of assets presented in the Balance Sheet			21,550
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]		0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]		0
Net amounts of assets, Net amount			21,550
Futures [Member]
Derivative [Line Items]
Gross amounts of recognized liabilities		(349,586)	(533,951)
Gross amounts offset in the Balance Sheet		0	0
Net amounts of liabilities presented in the Balance Sheet		(349,586)	(533,951)
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	349,586	533,951
Net amounts of liabilities, Net amount		0	$ 0
FHLB Advances [Member]
Derivative [Line Items]
Gross amounts of recognized liabilities		53,400,000
Gross amounts offset in the Balance Sheet		0
Net amounts of liabilities presented in the Balance Sheet		53,400,000
Net amounts of liabilities, Net amount		$ 53,400,000

[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 Transactions.