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RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS - Condensed Consolidated Statements of Operations (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statements of Operations                      
Interest expense $ 17,938,000 $ 17,881,000 $ 16,767,000 $ 16,408,000 $ 16,259,000 $ 16,580,000 $ 17,837,000 $ 18,857,000      
Net interest income 4,782,000 4,746,000 4,828,000 5,784,000 5,903,000 6,153,000 5,772,000 5,760,000 $ 20,139,551 $ 23,588,344 $ 31,309,716
General and administrative fees                 (5,454,786) (5,867,851) (6,660,934)
Unrealized gain (loss) on residential mortgage loans held in securitization trusts                 (961,100) 404,720 (8,153,474)
Net income (loss) $ 8,891,000 $ (4,256,000) $ (2,297,000) $ 2,369,000 $ 11,538,000 $ 1,496,000 $ (4,076,000) $ (16,948,000) 4,706,961 (7,989,955) 450,479
Residential mortgage loans                      
Statements of Operations                      
Interest income                 5,103,853 10,585,191 19,986,204
Interest expense                 4,059,894 8,117,402 13,156,912
Net interest income                 1,043,959 2,467,789 6,829,292
General and administrative fees                 (44,976) (266,957) (635,547)
Unrealized gain (loss) on residential mortgage loans held in securitization trusts                 (961,100) 404,720 (8,153,474)
Net income (loss)                 $ 37,883 $ 2,605,552 $ (1,959,729)