SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)		1 Months Ended	3 Months Ended	12 Months Ended
		Jan. 31, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 15, 2015
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities, Total	[1]		$ 468,482,202	$ 571,466,581
Common Stock, Shares Authorized			450,000,000	450,000,000
Common Stock, Par or Stated Value Per Share			$ 0.01	$ 0.01
Common Stock, Shares, Issued			14,597,894	14,656,394
Common Stock, Shares, Outstanding			14,597,894	14,656,394
Preferred Stock, Shares Authorized			50,000,000	50,000,000
Preferred Stock, Par or Stated Value Per Share			$ 0.01	$ 0.01
Preferred Stock, Shares Issued			1,610,000	1,610,000
Preferred Stock, Shares Outstanding			1,610,000	1,610,000
Stock Repurchase Program, Authorized Amount			$ 10,000,000		$ 10,000,000
Treasury Stock, Shares, Acquired		58,500.00		68,356.00
Stock Repurchase Program [Member]
Summary Of Significant Accounting Policies [Line Items]
Treasury Stock, Shares, Acquired			126,856
Non Agency RMBS [Member]
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities, Total	[2]		$ 57,357,819	$ 92,107,727
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount			29,937,792	30,383,343
Multi Family MBS [Member]
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities, Total			$ 86,278,049	104,025,797
Residential Mortgage [Member]
Summary Of Significant Accounting Policies [Line Items]
Debt Instrument, Face Amount				$ 518,455,163

[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIE's) as the Company is the primary beneficiary of these VIEs. As of March 31, 2016 and December 31, 2015, assets of consolidated VIEs totaled $1,836,767,480 and $1,868,482,556, respectively, and the liabilities of consolidated VIEs totaled $1,720,340,585 and $1,750,916,265, respectively

[2] Non-Agency AFS does not include interest-only securities with a notional amount of $401,531,398, book value of $7,815,919, unrealized loss of $1,412,744 and a fair value of $6,403,175 at March 31, 2016 and a notional amount of $428,230,275. Book value of $7,815,919, unrealized loss of $1,041,649 and a fair value of $6,774,271 as of December 31, 2015