AVAILABLE-FOR-SALE SECURITIES (as restated) (Details 1) - USD ($)		Dec. 31, 2016	Dec. 31, 2015
Debt Securities, Available-for-sale [Line Items]
Face Value		$ 884,520,701	$ 626,179,292
Unamortized premium		17,748,138	5,826,119
Unamortized discount
Designated credit reserve and OTTI	[1]	(1,929,833)	(8,891,565)
Net, unamortized		(27,841,262)	(57,280,275)
Amortized Cost		872,497,744	565,833,571
Gross unrealized gain		3,408,141	5,248,186
Gross unrealized (loss)		(10,240,388)	(6,389,447)
Fair Value	[2]	870,929,601	571,466,581
Agency [Member]
Debt Securities, Available-for-sale [Line Items]
Face Value		779,219,115	370,394,525
Unamortized premium		17,748,138	5,745,862
Unamortized discount
Designated credit reserve and OTTI	[1]	0	0
Net, unamortized		(1,311,292)	(1,929,145)
Amortized Cost		795,655,961	374,211,242
Gross unrealized gain		2,663,975	3,234,673
Gross unrealized (loss)		(8,129,703)	(2,112,858)
Fair Value		790,190,233	375,333,057
Non-Agency Not Includes Interest-Only [Member]
Debt Securities, Available-for-sale [Line Items]
Face Value	[3]	4,393,771	116,954,842
Unamortized premium	[3]	0	80,257
Unamortized discount
Designated credit reserve and OTTI	[1]	(1,929,833)	(8,891,565)
Net, unamortized	[3]	(369,887)	(22,101,062)
Amortized Cost	[3]	2,094,051	86,042,472
Gross unrealized gain	[3]	234,647	1,099,957
Gross unrealized (loss)	[3]	0	(1,808,973)
Fair Value	[3]	2,328,698	85,333,456
Residential Multi Family [Member]
Debt Securities, Available-for-sale [Line Items]
Face Value		100,907,815	138,829,925
Unamortized premium		0	0
Unamortized discount
Designated credit reserve and OTTI	[1]	0	0
Net, unamortized		(26,160,083)	(33,250,068)
Amortized Cost		74,747,732	105,579,857
Gross unrealized gain		509,519	913,556
Gross unrealized (loss)		(2,110,685)	(2,467,616)
Fair Value		$ 73,146,566	$ 104,025,797

[1] Discount designated as Credit Reserve and amount related to OTTI are generally not expected to be accreted into interest income. Amounts disclosed reflect Credit Reserve of $1,929,833 and $8,146,073 at December 31, 2016 and December 31, 2015, respectively, and OTTI of ($745,492) and $745,492 at December 31, 2016 and December 31, 2015, respectively.

[2] 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 December 31, 2016 and December 31, 2015, assets of consolidated VIEs totaled $1,369,120,941 and $1,868,482,556, respectively, and the liabilities of consolidated VIEs totaled $1,344,404,080 and $1,750,916,265, respectively

[3] Non-Agency AFS does not include interest-only securities with a notional amount of $509,109,248, book value of $14,712,374 unrealized loss of $9,448,271 and a fair value of $5,264,104 at December 31, 2016 and a notional amount of $428,230,275, book value of $7,815,919 unrealized loss of $1,041,649 and a fair value of $6,774,271 at December 31, 2015