AVAILABLE-FOR-SALE SECURITIES (as restated) (Details 8) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Debt Securities, Available-for-sale [Line Items]
Coupon interest	$ 4,827,050	$ 2,233,835	$ 11,523,138	$ 7,908,578
Net (premium amortization)/ discount accretion	1,722,819	3,227,130	5,257,442	11,111,926
Interest income	6,549,869	5,460,965	16,780,701	19,020,504
Agency [Member]
Debt Securities, Available-for-sale [Line Items]
Coupon interest	4,006,740	1,338,227	8,628,918	5,225,240
Net (premium amortization)/ discount accretion	118,440	194,587	222,691	498,392
Interest income	4,125,180	1,532,814	8,851,609	5,723,632
Non Agency RMBS [Member]
Debt Securities, Available-for-sale [Line Items]
Coupon interest	581,097	623,153	2,139,698	1,498,360
Net (premium amortization)/ discount accretion	359,052	1,607,039	1,235,030	6,747,357
Interest income	940,149	2,230,192	3,374,728	8,245,717
Residential Multi Family [Member]
Debt Securities, Available-for-sale [Line Items]
Coupon interest	239,213	272,455	754,522	1,184,978
Net (premium amortization)/ discount accretion	1,245,327	1,425,504	3,799,842	3,866,177
Interest income	$ 1,484,540	$ 1,697,959	$ 4,554,364	$ 5,051,155