THE FREMF TRUSTS (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statements of Operations
Interest expense			$ 1,860,000
Net interest income	$ 6,152,849	$ 7,100,260	17,685,350	$ 24,772,989
General and administrative fees	(1,171,421)	(1,419,268)	(4,483,064)	(4,820,505)
Unrealized gain (loss) on multi-family loans held in securitization trusts			(5,604,839)	5,644,774
Net income (loss)	1,850,690	(1,698,722)	(22,896,725)	(3,028,000)
FREMF trusts [Member]
Statements of Operations
Interest income	14,466,946	16,794,338	44,597,652	51,679,542
Interest expense	13,740,005	15,372,832	41,667,457	47,286,613
Net interest income	726,941	1,421,506	2,930,195	4,392,929
General and administrative fees	(670,157)	(787,124)	(2,052,857)	(2,494,015)
Unrealized gain (loss) on multi-family loans held in securitization trusts	930,312	1,804,190	(5,604,839)	5,644,774
Net income (loss)	$ 987,096	$ 2,438,572	$ (4,727,501)	$ 7,543,688