DERIVATIVE INSTRUMENTS HEDGING AND NON-HEDGING ACTIVITIES (Details 1) - USD ($)		Dec. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Gross amounts of recognized assets		$ 8,053,813	$ 2,558,350
Gross amounts offset in the Balance Sheet		0	0
Net amounts of assets presented in the Balance Sheet		8,053,813	2,558,350
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	0	0
Net amounts of assets, Net amount	[2]	8,053,813	2,558,350
Gross amounts of recognized liabilities		(804,811,000)	(568,432,457)
Gross amounts offset in the Balance Sheet		0	0
Net amounts of liabilities presented in the Balance Sheet		(804,811,000)	(568,432,457)
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	0	0
Net amounts of liabilities, Net amount		(804,811,000)	(568,432,457)
Repurchase agreements [Member]
Derivative [Line Items]
Gross amounts of recognized liabilities		(804,811,000)	(518,735,457)
Gross amounts offset in the Balance Sheet		0	0
Net amounts of liabilities presented in the Balance Sheet		(804,811,000)	(518,735,457)
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	0	0
Net amounts of liabilities, Net amount		(804,811,000)	(518,735,457)
Eurodollar Futures [Member]
Derivative [Line Items]
Gross amounts of recognized assets		8,053,813	2,558,350
Gross amounts offset in the Balance Sheet		0	0
Net amounts of assets presented in the Balance Sheet		8,053,813	2,558,350
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]	0	0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]	0	0
Net amounts of assets, Net amount		$ 8,053,813	2,558,350
FHLB Advances [Member]
Derivative [Line Items]
Gross amounts of recognized liabilities			(49,697,000)
Gross amounts offset in the Balance Sheet			0
Net amounts of liabilities presented in the Balance Sheet			(49,697,000)
Gross amounts not offset in the Balance Sheet, Financial instruments	[1]		0
Gross amounts not offset in the Balance Sheet, Cash collateral (Received) / Pledged	[1]		0
Net amounts of liabilities, Net amount			$ (49,697,000)

[1] Amounts presented are limited in total to the net amount of assets or liabilities presented in the consolidated balance sheets by instrument. Excess cash collateral or financial assets that are pledged to counterparties may exceed the financial liabilities subject to Master Agreements or similar agreements, or counterparties may have pledged excess cash collateral to the Company that exceed the corresponding financial assets. These excess amounts are excluded from the tables above.

[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