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AVAILABLE-FOR-SALE SECURITIES (Details 1) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]    
Face Value $ 482,062,451 $ 83,817,577
Unamortized premium 12,544,193 3,193,345
Unamortized discount    
Designated credit reserve (16,126,355) (4,882,582)
Net, unamortized (22,400,380) (3,534,339)
Amortized Cost 456,079,909 78,594,001
Gross unrealized gain (loss) (11,094,954) 2,433,997
Fair Value 444,984,955 81,027,998
Agency [Member]
   
Schedule of Available-for-sale Securities [Line Items]    
Face Value 386,672,123 65,310,197
Unamortized premium 12,544,193 3,193,345
Unamortized discount    
Designated credit reserve 0 0
Net, unamortized (1,489,132) 0
Amortized Cost 397,727,184 68,503,542
Gross unrealized gain (loss) (15,426,564) 1,470,062
Fair Value 382,300,620 69,973,604
Non Agency [Member]
   
Schedule of Available-for-sale Securities [Line Items]    
Face Value 95,390,328 18,507,380
Unamortized premium 0 0
Unamortized discount    
Designated credit reserve (16,126,355) (4,882,582)
Net, unamortized (20,911,248) (3,534,339)
Amortized Cost 58,352,725 10,090,459
Gross unrealized gain (loss) 4,331,610 963,935
Fair Value $ 62,684,335 $ 11,054,394