MULTI-FAMILY MORTGAGE LOAN SECURITIZATION TRUSTS (Tables) - Multi-Family Mortgage Loans Held in Securitization Trusts [Member]

12 Months Ended

Dec. 31, 2014

Variable Interest Entity [Line Items]

Condensed Balance Sheet [Table Text Block]

The combined balance sheet of the multi-family mortgage loan securitization trusts at December 31, 2014:

Balance Sheet	December 31, 2014
Assets
Multi-family mortgage loans held in securitization trusts	$	1,750,294,430
Receivables		6,012,642
Total assets	$	1,756,307,072
Liabilities and Equity
Multi-family securitized debt obligations	$	1,670,573,456
Payables		5,800,065
	$	1,676,373,521
Equity		79,933,551
Total liabilities and equity	$	1,756,307,072

Condensed Income Statement [Table Text Block]

The combined statement of operations of the  multi-family mortgage loan securitization trusts at December 31, 2014 are as follows:

	For the period  from
	date of consolidation to
Statement of Operation	December 31,  2014*
Interest income	$	21,158,102
Interest expense		(19,400,851)
Net interest income	$	1,757,251
General and administrative fees		(1,086,165)
Unrealized gain (loss) on multi-family mortgage loan held in securitization trusts		1,473,484
Net Income	$	2,144,570

* The Company consolidated the first trust in September, 2014 and the second trust in October, 2014.

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 FREMF trusts as of December 31, 2014:

	December 31, 2014
Texas	20.7	%
California	12.7	%
New York	11.1	%
Washington	6.1	%
Colorado	6.0	%
Georgia	5.0	%