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RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS - Condensed Consolidated Statements of Operations (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Variable Interest Entity [Line Items]            
Net interest income $ 4,046,715   $ 4,569,910   $ 8,253,262 $ 7,687,482
General and administrative fees (895,659)   (962,284)   (2,362,344) (2,352,345)
Unrealized gain (loss) on residential loans held in securitization trusts 0   5,905,602   0 5,650,199
Net income (loss) $ 1,394,170 $ 1,474,767 (21,490,063) $ 11,315,000 $ 2,868,937 (10,175,063)
Residential mortgage loans            
Variable Interest Entity [Line Items]            
Interest income     954,711     2,102,352
Interest expense     765,914     1,685,971
Net interest income     188,797     416,381
General and administrative fees     (13,958)     (20,886)
Unrealized gain (loss) on residential loans held in securitization trusts     5,905,602     5,650,199
Net income (loss)     $ 6,080,441     $ 6,045,694