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BORROWINGS (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Short-term Debt [Line Items]    
Repurchase Agreements, Amount outstanding $ 804,811,000 $ 568,432,457
Repurchase Agreements, Weighted average interest rate 1.07% 1.19%
Repurchase Agreements, Market value of collateral held $ 876,121,505 $ 697,384,372
Agency [Member]    
Short-term Debt [Line Items]    
Repurchase Agreements, Amount outstanding $ 755,221,000 $ 358,239,000
Repurchase Agreements, Weighted average interest rate 0.97% 0.66%
Repurchase Agreements, Market value of collateral held $ 790,190,232 $ 374,952,510
Non-Agency [Member]    
Short-term Debt [Line Items]    
Repurchase Agreements, Amount outstanding $ 7,313,000 $ 114,512,000
Repurchase Agreements, Weighted average interest rate 2.39% 2.24%
Repurchase Agreements, Market value of collateral held $ 12,784,707 $ 121,475,112
Multi-Family [Member]    
Short-term Debt [Line Items]    
Repurchase Agreements, Amount outstanding $ 42,277,000 $ 86,177,000
Repurchase Agreements, Weighted average interest rate 2.52% 1.83%
Repurchase Agreements, Market value of collateral held $ 73,146,566 $ 190,056,347
Mortgage loans [Member]    
Short-term Debt [Line Items]    
Repurchase Agreements, Amount outstanding $ 0 $ 9,504,457
Repurchase Agreements, Weighted average interest rate 0.00% 2.87%
Repurchase Agreements, Market value of collateral held $ 0 $ 10,900,403