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RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS - Condensed Consolidated Statements of Operations (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
Variable Interest Entity [Line Items]                    
Interest expense $ 5,571,000 $ 4,604,000 $ 12,981,000 $ 18,398,000 $ 17,938,000 $ 17,881,000 $ 16,767,000 $ 16,408,000    
Net interest income 4,598,000 5,115,000 4,570,000 3,118,000 4,782,000 4,746,000 4,828,000 5,784,000 $ 17,400,715 $ 20,139,551
General and administrative fees                 (4,006,774) (5,454,786)
Unrealized gain (loss) on residential mortgage loans held in securitization trusts                 5,650,199 (961,100)
Net income (loss) $ 350,000 $ 4,353,000 $ (21,490,000) $ 11,315,000 $ 8,891,000 $ (4,256,000) $ (2,297,000) $ 2,369,000 (5,471,462) 4,706,961
Residential mortgage loans                    
Variable Interest Entity [Line Items]                    
Interest income                 2,102,352 5,103,853
Interest expense                 1,685,971 4,059,894
Net interest income                 416,381 1,043,959
General and administrative fees                 (20,886) (44,976)
Unrealized gain (loss) on residential mortgage loans held in securitization trusts                 5,650,199 (961,100)
Net income (loss)                 $ 6,045,694 $ 37,883