0000001 - Document - COVER link:presentationLink link:calculationLink link:definitionLink 9952151 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 9952152 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 9952153 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) link:presentationLink link:calculationLink link:definitionLink 9952154 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) link:presentationLink link:calculationLink link:definitionLink 9952155 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) link:presentationLink link:calculationLink link:definitionLink 9952156 - Disclosure - ORGANIZATION link:presentationLink link:calculationLink link:definitionLink 9952157 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 9952158 - Disclosure - INVESTMENTS IN LOANS link:presentationLink link:calculationLink link:definitionLink 9952159 - Disclosure - OTHER ASSETS AND OTHER LIABILITIES link:presentationLink link:calculationLink link:definitionLink 9952160 - Disclosure - SECURED FINANCINGS link:presentationLink link:calculationLink link:definitionLink 9952161 - Disclosure - DERIVATIVES AND HEDGING link:presentationLink link:calculationLink link:definitionLink 9952162 - Disclosure - FAIR VALUE MEASUREMENTS link:presentationLink link:calculationLink link:definitionLink 9952163 - Disclosure - VARIABLE INTEREST ENTITIES link:presentationLink link:calculationLink link:definitionLink 9952164 - Disclosure - EQUITY AND EARNINGS PER SHARE link:presentationLink link:calculationLink link:definitionLink 9952165 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 9952166 - Disclosure - DEPENDENCE ON EXTERNAL ADVISER link:presentationLink link:calculationLink link:definitionLink 9952167 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 9952168 - Disclosure - SEGMENT REPORTING link:presentationLink link:calculationLink link:definitionLink 9952169 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 9955511 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 9955512 - Disclosure - INVESTMENTS IN LOANS (Tables) link:presentationLink link:calculationLink link:definitionLink 9955513 - Disclosure - OTHER ASSETS AND OTHER LIABILITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 9955514 - Disclosure - SECURED FINANCINGS (Tables) link:presentationLink link:calculationLink link:definitionLink 9955515 - Disclosure - DERIVATIVES AND HEDGING (Tables) link:presentationLink link:calculationLink link:definitionLink 9955516 - Disclosure - FAIR VALUE MEASUREMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 9955517 - Disclosure - VARIABLE INTEREST ENTITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 9955518 - Disclosure - EQUITY AND EARNINGS PER SHARE (Tables) link:presentationLink link:calculationLink link:definitionLink 9955519 - Disclosure - RELATED PARTY TRANSACTIONS (Tables) link:presentationLink link:calculationLink link:definitionLink 9955520 - Disclosure - SUBSEQUENT EVENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 9955521 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 9955522 - Disclosure - INVESTMENTS IN LOANS - Schedule of Loans, at Fair Value by Loan (Details) link:presentationLink link:calculationLink link:definitionLink 9955523 - Disclosure - INVESTMENTS IN LOANS - Schedule Of Residential Transition Loans, At Fair Value Of The Consolidated Balance Sheet For The Period Of Activities Loans (Details) link:presentationLink link:calculationLink link:definitionLink 9955524 - Disclosure - INVESTMENTS IN LOANS - Schedule of Residential Transition Loans, Past Due Status And Valuation Adjustments For Residential Transition Loans (Fair Value) (Details) link:presentationLink link:calculationLink link:definitionLink 9955525 - Disclosure - OTHER ASSETS AND OTHER LIABILITIES - Schedule of Accounts Receivable and Other Assets (Details) link:presentationLink link:calculationLink link:definitionLink 9955526 - Disclosure - OTHER ASSETS AND OTHER LIABILITIES - Schedule of Accounts Payable and Other Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 9955527 - Disclosure - SECURED FINANCINGS - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955528 - Disclosure - SECURED FINANCINGS - Schedule of Secured Financing Agreements (Details) link:presentationLink link:calculationLink link:definitionLink 9955529 - Disclosure - DERIVATIVES AND HEDGING - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955530 - Disclosure - DERIVATIVES AND HEDGING - Schedule of Derivative Instruments, Notional Amounts (Details) link:presentationLink link:calculationLink link:definitionLink 9955531 - Disclosure - DERIVATIVES AND HEDGING - Schedule of Unrealized Gains On Derivatives (Details) link:presentationLink link:calculationLink link:definitionLink 9955532 - Disclosure - FAIR VALUE MEASUREMENTS - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) link:presentationLink link:calculationLink link:definitionLink 9955533 - Disclosure - FAIR VALUE MEASUREMENTS - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis (Details) link:presentationLink link:calculationLink link:definitionLink 9955534 - Disclosure - FAIR VALUE MEASUREMENTS - Schedule of Weighted Averages of Inputs (Details) link:presentationLink link:calculationLink link:definitionLink 9955535 - Disclosure - VARIABLE INTEREST ENTITIES (Details) link:presentationLink link:calculationLink link:definitionLink 9955536 - Disclosure - EQUITY AND EARNINGS PER SHARE - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955537 - Disclosure - EQUITY AND EARNINGS PER SHARE - Schedule of Aggregate Distributions Declared (Details) link:presentationLink link:calculationLink link:definitionLink 9955538 - Disclosure - EQUITY AND EARNINGS PER SHARE - Schedule of Basic and Diluted EPS (Details) link:presentationLink link:calculationLink link:definitionLink 9955539 - Disclosure - RELATED PARTY TRANSACTIONS - Schedule of Due to Related Parties (Details) link:presentationLink link:calculationLink link:definitionLink 9955540 - Disclosure - RELATED PARTY TRANSACTIONS - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955541 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) link:presentationLink link:calculationLink link:definitionLink 9955542 - Disclosure - SEGMENT REPORTING (Details) link:presentationLink link:calculationLink link:definitionLink 9955543 - Disclosure - SUBSEQUENT EVENTS (Details) link:presentationLink link:calculationLink link:definitionLink