AVAILABLE-FOR-SALE SECURITIES (Details 1) - USD ($)		12 Months Ended
		Dec. 31, 2015		Dec. 31, 2014		Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Face Value		$ 626,179,292		$ 386,463,099
Unamortized premium		5,826,119		4,796,106
Unamortized discount
Designated credit reserve		(8,891,565)	[1]	(49,325,117)
Net, unamortized		(57,280,275)		(64,545,980)
Amortized Cost		565,833,571		361,107,387
Gross unrealized gain		5,248,186		8,402,890
Gross unrealized (loss)		(6,389,447)		(1,194,539)
Fair Value		571,466,581		368,315,738		$ 462,558,886	$ 491,584,595
Previous Accounting Guidance [Member]
Unamortized discount
Designated credit reserve				(12,697,796)	[1]			$ (16,126,355)
Net, unamortized				(17,454,022)				$ (22,400,380)
Agency [Member]
Schedule of Available-for-sale Securities [Line Items]
Face Value		370,394,525		309,790,551
Unamortized premium		5,745,862		4,796,106
Unamortized discount
Designated credit reserve		0		0	[1]
Net, unamortized		(1,929,145)		(2,244,687)
Amortized Cost		374,211,242		312,341,970
Gross unrealized gain		3,234,673		3,670,643
Gross unrealized (loss)		(2,112,858)		(1,181,928)
Fair Value		375,333,057		314,830,685
Non Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Face Value		116,954,842	[2]	76,672,548
Unamortized premium		80,257	[2]	0
Unamortized discount
Designated credit reserve	[1]	(8,891,565)		(12,697,796)
Net, unamortized		(22,101,062)	[2]	(15,209,335)
Amortized Cost		86,042,472	[2]	48,765,417
Gross unrealized gain		1,099,957	[2]	4,732,247
Gross unrealized (loss)		(1,808,973)	[2]	(12,611)
Fair Value		92,107,727	[2]	53,485,053
Residential Multi Family [Member]
Schedule of Available-for-sale Securities [Line Items]
Face Value		138,829,925
Unamortized premium		0
Unamortized discount
Designated credit reserve	[1]	0
Net, unamortized		(33,250,068)
Amortized Cost		105,579,857
Gross unrealized gain		913,556
Gross unrealized (loss)		(2,467,616)
Fair Value		$ 104,025,797		$ 0

[1] Discount designated as Credit Reserve and amount related to OTTI are generally not expected to be accreted into interest income. Amounts disclosed at December 31, 2015 reflect Credit Reserve of $745,493 and OTTI of $2,890,939.

[2] Non-Agency AFS does not include interest-only securities with a notional amount of $428,230,275 book value of $7,815,919 unrealized loss of $1,041,649 and a fair value of $6,774,271.