THE FREMF TRUSTS - Condensed Consolidated Statements of Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statements of Operations
Net interest income	$ 5,783,761	$ 5,760,431
General and administrative fees	(1,588,572)	(1,632,511)
Unrealized gain (loss) on multi-family loans held in securitization trusts	1,299,630	1,536,317
Net income (loss)	2,369,141	(16,947,614)
FREMF Trusts
Statements of Operations
Interest income	13,948,754	15,437,804
Interest expense	13,237,724	14,112,709
Net interest income	711,030	1,325,095
General and administrative fees	(648,934)	(703,483)
Unrealized gain (loss) on multi-family loans held in securitization trusts	1,299,630	1,536,317
Net income (loss)	$ 1,361,726	$ 2,157,929