SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)		3 Months Ended								12 Months Ended
		Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities, Total	[1]	$ 870,929,601				$ 571,466,581				$ 870,929,601	$ 571,466,581
Common Stock, Shares Authorized		450,000,000				450,000,000				450,000,000	450,000,000
Common Stock, Par or Stated Value Per Share		$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares, Issued		17,539,258				14,656,394				17,539,258	14,656,394
Preferred Stock, Shares Authorized		50,000,000				50,000,000				50,000,000	50,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.01				$ 0.01				$ 0.01	$ 0.01
Preferred Stock, Shares Issued		1,610,000				1,610,000				1,610,000	1,610,000
Stock Repurchase Program, Authorized Amount		$ 10,000,000								$ 10,000,000
Prepayment Fees Percentage For Residential Mortgage Loans										15.00%
Interest Expense		16,259,000	$ 16,580,000	$ 17,837,000	$ 18,857,000	$ 19,801,000	$ 20,301,000	$ 21,062,000	$ 21,940,000	$ 1,860,000
Non Agency RMBS [Member]
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities, Total		7,592,802				92,107,727				7,592,802	$ 92,107,727
Loss from Consolidation, Maximum Exposure										24,716,861	117,566,291
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount		4,413,403				30,383,343				4,413,403	30,383,343
Multi Family MBS [Member]
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities, Total		73,146,566				$ 104,025,797				73,146,566	$ 104,025,797
Residential Mortgage [Member]
Summary Of Significant Accounting Policies [Line Items]
Debt Instrument, Face Amount		$ 518,455,163								$ 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 December 31, 2016 and December 31, 2015, assets of consolidated VIEs totaled $1,369,120,941 and $1,868,482,556, respectively, and the liabilities of consolidated VIEs totaled $1,344,404,080 and $1,750,916,265, respectively