THE FREMF TRUSTS (Details Textual) - FREMF trusts [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Balance Sheet
Investment of Multi-Family Mortgage Backed Securities MBS, Net Carrying Value	$ 18,342,040	$ 86,030,550
Multi-family loans held in securitization trusts, unpaid principal balance	1,147,753,367	1,371,258,074
Multi-family securitized debt obligations, unpaid principal balance	$ 1,147,753,367	$ 1,371,258,074