MSRs (Tables)

9 Months Ended

Sep. 30, 2016

Mortgage Servicing Rights MSR Disclosure [Abstract]

Schedule Of Mortgage Service Rights Activity [Table Text Block]

The following table presents the Company’s MSR activity as of September 30, 2016 and the year ended December 31, 2015:

	September 30, 2016			December 31, 2015
Balance at beginning of year	$	4,268,673		$	-
MSRs retained from sales to securitizations		340,860			4,940,630
Changes in fair value due to:
Changes in valuation inputs or assumptions used in valuation model		(840,175	)		(217,663	)
Other changes to fair value (1)		(743,925	)		(454,294	)
Balance at end of period	$	3,025,433		$	4,268,673
Loans associated with MSRs (2)	$	443,380,728		$	472,886,810
MSR values as percent of loans (3)		0.68	%		0.90	%

(1) Amounts represent changes due to realization of expected cash flows

(2) Amounts represent the principal balance of loans associated with MSRs outstanding at September 30, 2016 and December 31, 2015, respectively

(3) Amounts represent the carrying value of MSRs at September 30, 2016 and December 31, 2015, respectively divided by the outstanding balance of the loans associated with these MSRs

Schedule Of Components Of Servicing Income [Table Text Block]

The following table presents the components of servicing income recorded on the Company’s statements of operations for the three and nine months ended September 30, 2016, and September 30, 2015:

	Three Months Ended		Three Months Ended
	September 30, 2016		September  30, 2015
Servicing income, net	$	258,458	$	64,962
Income from MSRs, net	$	258,458	$	64,962

	Nine Months Ended		Nine Months Ended
	September 30, 2016		September 30, 2015
Servicing income, net	$	726,011	$	121,500
Income from MSRs, net	$	726,011	$	121,500