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RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS - Condensed Consolidated Statements of Operations (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Statements of Operations        
Net interest income $ 4,745,766 $ 6,152,849 $ 15,357,448 $ 17,685,350
General and administrative fees (1,288,978) (1,171,421) (4,120,807) (4,483,064)
Unrealized gain (loss) on residential loans held in securitization trusts (155,252) (764,599) (773,674) 80,511
Net income (loss) (4,256,337) 1,496,356 (4,183,767) (19,527,535)
Residential mortgage loans        
Statements of Operations        
Interest income 1,249,966 1,582,090 3,903,924 9,143,343
Interest expense 995,293 1,210,186 3,100,616 6,978,474
Net interest income 254,673 371,904 803,308 2,164,869
General and administrative fees (11,003) (13,653) (34,227) (254,424)
Unrealized gain (loss) on residential loans held in securitization trusts (155,252) (764,599) (773,674) 80,511
Net income (loss) $ 88,418 $ (406,348) $ (4,593) $ 1,990,956