REPURCHASE AGREEMENTS (Details) - USD ($)		Dec. 31, 2014	Dec. 31, 2013
Repurchase Agreements [Line Items]
Repurchase agreements		$ 594,877,852	$ 412,172,000
Repurchase Agreements weighted average interest rate		0.99%	0.57%
Agency [Member]
Repurchase Agreements [Line Items]
Repurchase agreements		$ 298,783,000	$ 370,901,000
Repurchase Agreements weighted average interest rate		0.36%	0.40%
Non-Agency [Member]
Repurchase Agreements [Line Items]
Repurchase agreements	[1]	$ 200,347,000	$ 41,271,000
Repurchase Agreements weighted average interest rate	[1]	1.25%	2.09%
Multi-Family [Member]
Repurchase Agreements [Line Items]
Repurchase agreements	[2]	$ 45,484,000	$ 0
Repurchase Agreements weighted average interest rate	[2]	1.85%	0.00%
Mortgage loans [Member]
Repurchase Agreements [Line Items]
Repurchase agreements		$ 50,263,852	$ 0
Repurchase Agreements weighted average interest rate		2.86%	0.00%

[1] At December 31, 2014 and December 31, 2013, the Company had repurchase agreements of $85,497,000 and $61,181,000, respectively, 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).

[2] At December 31, 2014, the Company had repurchase agreements of $63,796,000 that were linked to Multi-Family MBS 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).