DERIVATIVE INSTRUMENTS HEDGING AND NON-HEDGING ACTIVITIES (Details 3) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Derivative [Line Items]
Face Value	$ 289,500,610	$ 148,864,823
Unamortized premium	0	0
Unamortized discount
Designated credit reserve	(36,627,428)	(29,857,597)
Net, unamortized	(47,092,067)	(30,770,386)
Amortized Cost	205,781,115	88,236,840
Gross unrealized gain	7,504,154	6,859,625
Gross unrealized loss	(3,046,612)	(473,672)
Fair Value	210,238,657	94,622,793
Non-Agency [Member]
Derivative [Line Items]
Face Value	186,532,050	148,864,823
Unamortized premium	0	0
Unamortized discount
Designated credit reserve	(36,627,428)	(29,857,597)
Net, unamortized	(28,768,448)	(30,770,386)
Amortized Cost	121,136,174	88,236,840
Gross unrealized gain	5,733,793	6,859,625
Gross unrealized loss	(2,441,655)	(473,672)
Fair Value	124,428,312	94,622,793
Multi-Family [Member]
Derivative [Line Items]
Face Value	102,968,560	0
Unamortized premium	0	0
Unamortized discount
Designated credit reserve	0	0
Net, unamortized	(18,323,619)	0
Amortized Cost	84,644,941	0
Gross unrealized gain	1,770,361	0
Gross unrealized loss	(604,957)
Fair Value	$ 85,810,345	$ 0