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AVAILABLE-FOR-SALE SECURITIES - Components of Interest Income on AFS Securities (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]                    
Coupon interest $ 10,169,000 $ 9,719,000 $ 17,551,000 $ 21,516,000 $ 22,720,000 $ 22,627,000 $ 21,595,000 $ 22,191,000 $ 12,152,397 $ 28,046,192
Net (premium amortization)/ discount accretion                 (1,403,431) 1,475,701
Interest income                 10,748,966 29,521,893
Agency                    
Debt Securities, Available-for-sale [Line Items]                    
Coupon interest                 12,152,397 28,003,938
Net (premium amortization)/ discount accretion                 (1,435,534) (654,970)
Interest income                 10,716,863 27,348,968
Non-Agency                    
Debt Securities, Available-for-sale [Line Items]                    
Coupon interest                 0 42,254
Net (premium amortization)/ discount accretion                 0 9,946
Interest income                 0 52,200
Multi-Family                    
Debt Securities, Available-for-sale [Line Items]                    
Coupon interest                 0 0
Net (premium amortization)/ discount accretion                 32,103 2,120,725
Interest income                 $ 32,103 $ 2,120,725