INCOME TAXES - Taxable Income Reconciliation (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Line Items]
Net income (loss)	$ (2,296,571)	$ (7,799,801)	$ 72,570	$ (24,747,415)
REIT Operation
Income Tax Disclosure [Line Items]
Net income (loss)			(146,000)		$ 9,090,000
Five Oaks Investment Corp
Income Tax Disclosure [Line Items]
Net income (loss)			72,000		(10,426,000)
Subsidiaries
Income Tax Disclosure [Line Items]
Net income (loss)			(74,000)		(1,336,000)
Capitalized transaction fees			(21,000)		(41,000)
Unrealized gain (loss)			491,000		1,964,000
Deferred income			(15,000)		204,000
Tax income of taxable subsidiary before utilization of net operating losses			381,000		791,000
Utilizations of net operating losses			(381,000)		(791,000)
Net tax income of taxable subsidiaries			$ 0		$ 0