MSRs (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2016 and the year ended December 31, 2015:

	December 31, 2016			December 31, 2015
Balance at beginning of year	$	4,268,673		$	-
MSRs retained from sales to securitizations		-			4,940,630
MSRs related to deconsolidation of securitization trust		364,163			-
Changes in fair value due to:
Changes in valuation inputs or assumptions used in valuation model		(102,855	)		(217,663	)
Other changes to fair value (1)		(1,089,172	)		(454,294	)
Balance at end of period	$	3,440,809		$	4,268,673
Loans associated with MSRs (2)	$	397,925,409		$	472,886,810
MSR values as percent of loans (3)		0.86	%		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 December 31, 2016 and December 31, 2015, respectively

(3) Amounts represent the carrying value of MSRs at December 31, 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 years ended December 31, 2016, December 31, 2015 and December 31, 2014:

	Year Ended		Year Ended		Year Ended
	December 31, 2016		December 31, 2015		December 31, 2014
Servicing income, net	$	932,425	$	211,878	$	-
Income from MSRs, net	$	932,425	$	211,878	$	-