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Repurchase Agreements (Details 3) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Alpine Securitization Corporation/Credit Suisse
 
Repurchase agreements counterparty risk  
Amount at Risk $ 727,812 [1],[2]
Weighted Average Months to Maturity for Repurchase Agreements 2 months [2]
Counterparty risk as percent of Stockholders' Equity, minimum 23.70% [2]
Alpine Securitization Corporation
 
Repurchase agreements counterparty risk  
Amount at Risk 710,200
Credit Suisse Securities USA LLC
 
Repurchase agreements counterparty risk  
Amount at Risk 17,600
Wells Fargo
 
Repurchase agreements counterparty risk  
Amount at Risk 365,222 [1],[3]
Weighted Average Months to Maturity for Repurchase Agreements 8 months [3]
Counterparty risk as percent of Stockholders' Equity, minimum 11.90% [3]
Wells Fargo Bank
 
Repurchase agreements counterparty risk  
Amount at Risk 246,700
Wells Fargo Securities LLC
 
Repurchase agreements counterparty risk  
Amount at Risk 118,500
RBS
 
Repurchase agreements counterparty risk  
Amount at Risk 246,671 [1]
Weighted Average Months to Maturity for Repurchase Agreements 2 months
Counterparty risk as percent of Stockholders' Equity, minimum 8.00%
UBS
 
Repurchase agreements counterparty risk  
Amount at Risk 244,076 [1],[4],[5]
Weighted Average Months to Maturity for Repurchase Agreements 21 months [4],[5]
Counterparty risk as percent of Stockholders' Equity, minimum 7.90% [4],[5]
UBS AG
 
Repurchase agreements counterparty risk  
Amount at Risk 242,700
UBS Securities LLC
 
Repurchase agreements counterparty risk  
Amount at Risk $ 1,300
[1] The amount at risk reflects the difference between (a) the amount loaned to the Company through repurchase agreements and repurchase agreements underlying Linked Transactions, including interest payable, and (b) the cash and the fair value of the securities pledged by the Company as collateral and MBS underlying Linked Transaction, including accrued interest receivable on such securities.
[2] Includes $710.2 million at risk with Alpine Securitization Corporation and $17.6 million at risk with Credit Suisse Securities (USA) LLC. Alpine Securitization Corporation is a special purpose funding vehicle that is a consolidated affiliate of Credit Suisse Group. Counterparty rating shown is the asset backed short term rating for Alpine Securitization Corporation.
[3] Includes $246.7 million at risk with Wells Fargo Bank, NA and $118.5 million at risk with Wells Fargo Securities LLC.
[4] Includes Non-Agency MBS pledged as collateral with contemporaneous repurchase and reverse repurchase agreements.
[5] Includes $242.7 million at risk with UBS AG and $1.3 million at risk with UBS Securities LLC.