AVAILABLE-FOR-SALE SECURITIES (Details) - USD ($)		Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities	[1]	$ 468,482,202	$ 571,466,581
Agency [Member]
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities		324,846,334	375,333,057
Agency [Member] | Government National Mortgage Association [Member]
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities		0	43,705,764
Agency [Member] | Federal Home Loan Mortgage Corporation [Member]
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities		145,578,658	148,760,159
Agency [Member] | Federal National Mortgage Association [Member]
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities		179,267,676	182,867,134
Non Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities	[2]	57,357,819	92,107,727
Residential Multi Family [Member]
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities		$ 86,278,049	$ 104,025,797

[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