BORROWINGS (Details Textual) - USD ($)		Sep. 30, 2015	Dec. 31, 2014
Repurchase Agreements [Line Items]
Repurchase agreements	[1]	$ 466,340,963	$ 594,877,852
Repurchase Agreements Weighted Average Interest Rate		1.47%	0.99%
Federal Funds Purchased and Securities Sold under Agreements to Repurchase		$ 51,400,000	$ 0
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available		500,000,000
Secured Debt		$ 23,100,000
Debt, Weighted Average Interest Rate		0.36%
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged		$ 54,200,000
Non Agency Linked Transactions [Member]
Repurchase Agreements [Line Items]
Repurchase agreements			85,497,000
Multi Family MBS [Member]
Repurchase Agreements [Line Items]
Repurchase agreements			63,796,000
Non Agency RMBS [Member]
Repurchase Agreements [Line Items]
Repurchase agreements	[2]	$ 134,430,000	$ 200,347,000
Repurchase Agreements Weighted Average Interest Rate	[2]	1.72%	1.25%

[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] 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).