DERIVATIVE INSTRUMENTS HEDGING AND NON-HEDGING ACTIVITIES (Details 2) - USD ($)		Dec. 31, 2014	Dec. 31, 2013
Derivative [Line Items]
Gross amounts of recognized assets		$ 210,424,179	$ 96,877,268
Gross amounts offset in the Balance Sheet		(149,584,518)	(61,685,552)
Net amounts of assets presented in the Balance Sheet		60,839,661	35,191,716
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	(60,818,111)	(33,352,562)
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	0	0
Net amounts of assets, Net amount		21,550	1,839,154
Gross amounts of recognized liabilities		443,004,276	(474,696,965)
Gross amounts offset in the Balance Sheet		149,584,518	61,685,552
Net amounts of liabilities presented in the Balance Sheet		592,588,794	(413,011,413)
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	412,172,000
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	2,289,058	839,413
Net amounts of liabilities, Net amount		594,877,852	0
Repurchase agreements [Member]
Derivative [Line Items]
Gross amounts of recognized liabilities		594,877,852	(412,172,000)
Gross amounts offset in the Balance Sheet		0	0
Net amounts of liabilities presented in the Balance Sheet		594,877,852	(412,172,000)
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	412,172,000
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	0	0
Net amounts of liabilities, Net amount		594,877,852	0
Linked transactions [Member]
Derivative [Line Items]
Gross amounts of recognized assets	[2]	210,402,629	94,645,860
Gross amounts offset in the Balance Sheet	[2]	(149,584,518)	(61,293,298)
Net amounts of assets presented in the Balance Sheet	[2]	60,818,111	33,352,562
Gross amounts not offset in the Balance Sheet, Financial instruments	[1],[2]	(60,818,111)	(33,352,562)
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1],[2]	0	0
Net amounts of assets, Net amount	[2]	0	0
Gross amounts of recognized liabilities	[2]	(149,584,518)	(61,293,298)
Gross amounts offset in the Balance Sheet	[2]	149,584,518	61,293,298
Net amounts of liabilities presented in the Balance Sheet	[2]	0	0
Gross amounts not offset in the Balance Sheet, Financial instruments	[1],[2]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1],[2]	0	0
Net amounts of liabilities, Net amount	[2]	0	0
Interest rate swaps [Member]
Derivative [Line Items]
Gross amounts of recognized assets			237,989
Gross amounts offset in the Balance Sheet			(237,989)
Net amounts of assets presented in the Balance Sheet			0
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			0
Gross amounts of recognized liabilities		(1,755,107)	(1,231,667)
Gross amounts offset in the Balance Sheet		0	237,989
Net amounts of liabilities presented in the Balance Sheet		(1,755,107)	(993,678)
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]	1,755,107	993,678
Net amounts of liabilities, Net amount		0	0
Swaptions [Member]
Derivative [Line Items]
Gross amounts of recognized assets		21,550	1,770,795
Gross amounts offset in the Balance Sheet		0	0
Net amounts of assets presented in the Balance Sheet		21,550	1,770,795
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 assets, Net amount		21,550	1,770,795
Futures [Member]
Derivative [Line Items]
Gross amounts of recognized assets			154,265
Gross amounts offset in the Balance Sheet			(154,265)
Net amounts of assets presented in the Balance Sheet			0
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			0
Gross amounts of recognized liabilities		(533,951)	0
Gross amounts offset in the Balance Sheet		0	154,265
Net amounts of liabilities presented in the Balance Sheet		(533,951)	154,265
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]	533,951	(154,265)
Net amounts of liabilities, Net amount		$ 0	0
TBAs [Member]
Derivative [Line Items]
Gross amounts of recognized assets			68,359
Gross amounts offset in the Balance Sheet			0
Net amounts of assets presented in the Balance Sheet			68,359
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			$ 68,359

[1] Amounts presented are limited in total to the net amount of assets or liabilities presented in the 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 transaction arrangements.