RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details) - USD ($)		Sep. 30, 2016		Dec. 31, 2015		Sep. 30, 2015	Dec. 31, 2014
ASSETS
Available-for-sale securities, at fair value (includes pledged securities of $822,403,355 for September 30, 2016)	[1]	$ 817,394,805		$ 571,466,581
Mortgage loans held-for-sale, at fair value (includes pledged loans of $8,754,039 for September 30, 2016)	[1]	9,274,002		10,900,402
Multi-family loans held in securitization trusts, at fair value	[1]	1,267,101,902		1,449,774,383
Residential loans held in securitization trusts, at fair value	[1]	153,356,678		411,881,097
Mortgage servicing rights, at fair value	[1]	3,025,433		4,268,673
Cash and cash equivalents		28,590,557	[1]	26,140,718	[1]	$ 27,482,330	$ 32,274,285
Restricted cash	[1]	14,083,241		8,174,638
Accrued interest receivable	[1]	7,650,823		8,650,986
Dividends receivable	[1]	123		26,022
Investment related receivable	[1]	4,131,073		1,591,343
FHLB stock	[1]	11,300		2,403,000
Other assets	[1]	954,507		530,468
Total assets	[1]	2,305,574,444		2,498,366,661
Repurchase agreements:
Available-for-sale securities	[1]	739,500,000		509,231,000
Mortgage loans held-for-sale	[1]	7,125,821		9,504,457
Multi-family securitized debt obligations	[1]	1,249,163,769		1,364,077,012
Residential securitized debt obligations	[1]	147,407,885		380,638,423
Derivative liabilities, at fair value	[1]	4,613,988		0
Accrued interest payable	[1]	5,363,603		6,574,699
Dividends payable		29,349	[1]	39,132	[1]	$ 29,349
Deferred income	[1]	6,905		0
Fees and expenses payable to Manager	[1]	691,187		842,903
Other accounts payable and accrued expenses	[1]	2,062,910		267,507
Total liabilities	[1]	2,155,965,417		2,320,872,133
STOCKHOLDERS' EQUITY:
Preferred Stock: par value $0.01 per share; 50,000,000 shares authorized, 8.75% Series A cumulative redeemable, $25 liquidation preference, 1,610,000 issued and outstanding at June 30, 2016	[1]	37,156,972		37,156,972
Common Stock: par value $0.01 per share; 450,000,000 shares authorized, 14,602,394 shares issued and outstanding, at September 30, 2016	[1]	145,979		146,409
Additional paid-in capital	[1]	188,783,581		189,037,702
Accumulated other comprehensive income (loss)	[1]	5,387,551		(395,771)
Cumulative distributions to stockholders	[1]	(66,320,787)		(55,803,240)
Accumulated earnings (deficit)	[1]	(15,544,269)		7,352,456
Total stockholders' equity	[1]	149,609,027		177,494,528
Total liabilities and stockholders' equity	[1]	2,305,574,444		2,498,366,661
Previously Reported [Member]
ASSETS
Mortgage loans held-for-sale, at fair value (includes pledged loans of $8,754,039 for September 30, 2016)		9,274,002
Multi-family loans held in securitization trusts, at fair value		1,267,101,902
Residential loans held in securitization trusts, at fair value		153,356,678
Mortgage servicing rights, at fair value		3,025,433
Cash and cash equivalents		28,590,557		26,140,718
Restricted cash		14,083,241
Accrued interest receivable		7,650,823
Dividends receivable		123
Investment related receivable		4,131,073
FHLB stock		11,300
Other assets		954,507
Total assets		2,305,574,444
Repurchase agreements:
Available-for-sale securities		739,500,000
Mortgage loans held-for-sale		7,125,821
Multi-family securitized debt obligations		1,249,163,769
Residential securitized debt obligations		147,407,885
Derivative liabilities, at fair value		4,613,988
Accrued interest payable		5,363,603
Dividends payable		29,349
Deferred income		6,905
Fees and expenses payable to Manager		691,187
Other accounts payable and accrued expenses		2,062,910
Total liabilities		2,155,965,417
STOCKHOLDERS' EQUITY:
Preferred Stock: par value $0.01 per share; 50,000,000 shares authorized, 8.75% Series A cumulative redeemable, $25 liquidation preference, 1,610,000 issued and outstanding at June 30, 2016		37,156,972
Common Stock: par value $0.01 per share; 450,000,000 shares authorized, 14,602,394 shares issued and outstanding, at September 30, 2016		145,979
Additional paid-in capital		188,783,581
Accumulated other comprehensive income (loss)		2,018,361
Cumulative distributions to stockholders		(66,320,787)
Accumulated earnings (deficit)		(12,175,079)
Total stockholders' equity		149,609,027
Total liabilities and stockholders' equity		2,305,574,444
Previously Reported [Member] | Five Oaks Investment Corporation And Subsidiaries [Member]
ASSETS
Available-for-sale securities, at fair value (includes pledged securities of $822,403,355 for September 30, 2016)		817,394,805
Restatement Adjustment [Member]
ASSETS
Mortgage loans held-for-sale, at fair value (includes pledged loans of $8,754,039 for September 30, 2016)		0
Multi-family loans held in securitization trusts, at fair value		0
Residential loans held in securitization trusts, at fair value		0
Mortgage servicing rights, at fair value		0
Cash and cash equivalents		0		$ 0
Restricted cash		0
Accrued interest receivable		0
Dividends receivable		0
Investment related receivable		0
FHLB stock		0
Other assets		0
Total assets		0
Repurchase agreements:
Available-for-sale securities		0
Mortgage loans held-for-sale		0
Multi-family securitized debt obligations		0
Residential securitized debt obligations		0
Derivative liabilities, at fair value		0
Accrued interest payable		0
Dividends payable		0
Deferred income		0
Fees and expenses payable to Manager		0
Other accounts payable and accrued expenses		0
Total liabilities		0
STOCKHOLDERS' EQUITY:
Preferred Stock: par value $0.01 per share; 50,000,000 shares authorized, 8.75% Series A cumulative redeemable, $25 liquidation preference, 1,610,000 issued and outstanding at June 30, 2016		0
Common Stock: par value $0.01 per share; 450,000,000 shares authorized, 14,602,394 shares issued and outstanding, at September 30, 2016		0
Additional paid-in capital		0
Accumulated other comprehensive income (loss)		3,369,190
Cumulative distributions to stockholders		0
Accumulated earnings (deficit)		(3,369,190)
Total stockholders' equity		0
Total liabilities and stockholders' equity		0
Restatement Adjustment [Member] | Five Oaks Investment Corporation And Subsidiaries [Member]
ASSETS
Available-for-sale securities, at fair value (includes pledged securities of $822,403,355 for September 30, 2016)		$ 0

[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