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SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Consolidated Statements of Cash Flows    
Net Income $ 18,400,822 $ 88,049,972
Unrealized gain (loss) on agency IO securities, net 1,034,146 249,900
Amortization of (premium) discount on long-term debt (142,440) (115,043)
Realized gain on sale of mortgage loan receivables (41,302,665) (83,007,462)
Proceeds from sales of mortgage loan receivables held for sale 783,762,354 947,119,454
Net cash provided by (used in) operating activities 296,372,276 150,295,925
Reduction (addition) of cash collateral held by broker (8,073,526) (22,659,733)
Net cash provided by financing activities (214,565,618) 38,551,819
Proceeds from long-term financing 41,083,035 52,393,529
Net cash used in financing activities (45,083,132) (199,927,559)
Net increase/(decrease) in cash 36,723,526 (11,079,815)
Cash and cash equivalents at beginning of period 78,742,257 45,178,565
Cash and cash equivalents at end of period 115,465,783 34,098,750
As Originally Reported
    
Consolidated Statements of Cash Flows    
Net Income   90,334,781
Realized gain on sale of mortgage loan receivables   (85,157,414)
Proceeds from sales of mortgage loan receivables held for sale   949,269,406
Net cash provided by (used in) operating activities   152,445,877
Reduction (addition) of cash collateral held by broker   (21,687,366)
Net cash provided by financing activities   39,524,186
Proceeds from long-term financing   50,243,577
Net cash used in financing activities   (202,077,511)
Net increase/(decrease) in cash   (10,107,448)
Cash and cash equivalents at beginning of period   43,795,663
Cash and cash equivalents at end of period   33,688,215
Adjustments
    
Consolidated Statements of Cash Flows    
Net Income   (2,284,809)
Unrealized gain (loss) on agency IO securities, net   249,900
Amortization of (premium) discount on long-term debt   (115,043)
Realized gain on sale of mortgage loan receivables   2,149,952
Proceeds from sales of mortgage loan receivables held for sale   (2,149,952)
Net cash provided by (used in) operating activities   (2,149,952)
Reduction (addition) of cash collateral held by broker   (972,367)
Net cash provided by financing activities   (972,367)
Proceeds from long-term financing   2,149,952
Net cash used in financing activities   2,149,952
Net increase/(decrease) in cash   (972,367)
Cash and cash equivalents at beginning of period   1,382,902
Cash and cash equivalents at end of period   $ 410,535