THE FREMF TRUSTS - Condensed Consolidated Balance Sheets (Details) - USD ($)		Jun. 30, 2018	Dec. 31, 2017
Assets
Multi-family mortgage loans held in securitization trusts	[1]	$ 23,842,162	$ 1,130,874,274
Total assets		459,532,284	2,612,541,116
Liabilities and Equity
Multi-family securitized debt obligations	[1]	19,481,546	1,109,204,743
Total liabilities		309,497,324	2,466,749,839
Equity		150,034,960	145,791,277
Total liabilities and stockholders' equity		459,532,284	2,612,541,116
FREMF Trusts
Assets
Multi-family mortgage loans held in securitization trusts		23,842,162	1,130,874,274
Receivables		107,780	4,377,606
Total assets		23,949,942	1,135,251,880
Liabilities and Equity
Multi-family securitized debt obligations		19,481,546	1,109,204,743
Payables		80,397	4,352,039
Total liabilities		19,561,943	1,113,556,782
Equity		4,387,999	21,695,098
Total liabilities and stockholders' equity		$ 23,949,942	$ 1,135,251,880

[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of June 30, 2018 and December 31, 2017, assets of consolidated VIEs totaled $23,949,942 and $1,255,404,335 respectively, and the liabilities of consolidated VIEs totaled $19,561,943 and $1,228,295,517 respectively