THE FREMF TRUSTS (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statements of Operation
Net interest income	$ 5,760,431	$ 9,102,726
General and administrative fees	(1,632,511)	(1,683,876)
Unrealized gain (loss) on multi-family loans held in securitization trusts	1,536,317	2,037,112
Net Income	(16,947,614)	(5,130,327)
FREMF trusts [Member]
Statements of Operation
Interest income	15,437,804	17,635,476
Interest expense	14,112,709	16,135,460
Net interest income	1,325,095	1,500,016
General and administrative fees	(703,483)	(868,347)
Unrealized gain (loss) on multi-family loans held in securitization trusts	1,536,317	2,037,111
Net Income	$ 2,157,929	$ 2,668,780