THE FREMF TRUSTS (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidated Statements of Operations of the FREMF Trusts

The condensed consolidated statement of operations of the FREMF trusts for the three months ended March 31, 2019 are as follows:

Statements of Operations	Three Months Ended March 31, 2019
Interest income	$	78,361
Net interest income	$	78,361
Realized (loss) on multi-family loans held in securitization trusts	(709,439)
Unrealized gain on multi-family loans held in securitization trusts	694,339
Net income (loss)	$	63,261