AVAILABLE-FOR-SALE SECURITIES (as restated) (Details 8) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Securities, Available-for-sale [Line Items]
Coupon interest	$ 22,162	$ 22,733	$ 23,610	$ 24,617	$ 26,338	$ 27,401	$ 29,632	$ 31,043	$ 16,724,278	$ 11,087,306	$ 11,854,700
Net (premium amortization)/ discount accretion									6,751,667	13,210,849	4,705,639
Interest income									23,475,765	24,298,156	16,560,338
Agency [Member]
Debt Securities, Available-for-sale [Line Items]
Coupon interest									13,138,828	7,286,166	11,409,239
Net (premium amortization)/ discount accretion									341,020	241,550	603,547
Interest income									13,479,848	7,527,716	12,012,786
Non Agency RMBS [Member]
Debt Securities, Available-for-sale [Line Items]
Coupon interest									2,579,344	2,357,814	261,050
Net (premium amortization)/ discount accretion									1,343,594	7,653,839	4,077,481
Interest income									3,922,938	10,011,653	4,338,531
Residential Multi Family [Member]
Debt Securities, Available-for-sale [Line Items]
Coupon interest									1,006,106	1,443,326	184,411
Net (premium amortization)/ discount accretion									5,066,873	5,315,461	24,610
Interest income									$ 6,072,979	$ 6,758,787	$ 209,021