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RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS (Tables)
 9 Months Ended
Sep. 30, 2019
Variable Interest Entity [Line Items]  
Condensed Consolidated Statements of Operations
The condensed consolidated statements of operations of the FREMF trusts for the three and nine months ended September 30, 2019 and September 30, 2018 are as follows:
Statements of OperationsThree Months Ended
September 30, 2019		Three Months Ended
September 30, 2018
Interest income$—  $336,824  
Interest expense—  237,980  
Net interest income$—  $98,844  
General and administrative fees—  (56,186) 
Unrealized gain (loss) on multi-family loans held in securitization trusts—  957,549  
Net income (loss)$—  $1,000,207  

Statements of OperationsNine Months Ended September 30, 2019Nine Months Ended September 30, 2018
Interest income$78,361  $20,540,942  
Interest expense—  19,404,532  
Net interest income$78,361  $1,136,410  
General and administrative fees—  (934,496) 
Unrealized gain (loss) on multi-family loans held in securitization trusts694,339  (5,861,373) 
Net income (loss)$772,700  $(5,659,459) 
Residential mortgage loans  
Variable Interest Entity [Line Items]  
Condensed Consolidated Statements of Operations
The condensed consolidated statements of operations of the residential mortgage loan securitization trusts for the three and nine months ended September 30, 2018 are as follows:
Statements of OperationsThree Months Ended
September 30, 2018		Nine Months Ended September 30, 2018
Interest income$—  $2,102,352  
Interest expense—  1,685,971  
Net interest income$—  $416,381  
General and administrative fees—  (20,886) 
Unrealized gain (loss) on residential loans held in securitization trusts—  5,650,199  
Net income (loss)$—  $6,045,694