SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)		9 Months Ended
		Sep. 30, 2016	Dec. 31, 2015
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities	[1]	$ 817,394,805	$ 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		14,602,394	14,656,394
Common Stock, Shares, Outstanding		14,602,394	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
Interest Expense		$ 1,860,000
Stock Repurchase Program [Member]
Summary Of Significant Accounting Policies [Line Items]
Treasury Stock, Shares, Acquired		126,856
Residential Mortgage [Member]
Summary Of Significant Accounting Policies [Line Items]
Debt Instrument, Face Amount			518,455,163
Multi Family Mbs [Member]
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities		$ 92,691,756	104,025,797
Non Agency RMBS [Member]
Summary Of Significant Accounting Policies [Line Items]
Available-for-sale Securities		22,704,056	92,107,727
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount		$ 5,258,859	$ 30,383,343

[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 September 30, 2016 and December 31, 2015, assets of consolidated VIEs totaled $1,425,612,641 and $1,868,482,556, respectively, and the liabilities of consolidated VIEs totaled $1,401,605,297 and $1,750,916,265, respectively