XML 46 R62.htm IDEA: XBRL DOCUMENT v2.4.1.9
Collateral Positions (Details 2) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest $ 10,017,556,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest  
Agency MBS    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 5,533,210,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
 
Non-Agency MBS    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 3,664,579,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
 
U.S. Treasury securities    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 512,105,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest
/ us-gaap_InvestmentTypeAxis
= us-gaap_USTreasurySecuritiesMember
 
CRT securities    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 94,676,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest
/ us-gaap_InvestmentTypeAxis
= us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
 
Residential whole loans    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 212,986,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest
/ us-gaap_InvestmentTypeAxis
= us-gaap_LoansReceivableMember
 
Derivative Hedging Instruments    
Collateral Positions    
Fair Value 57,247,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
 
Amortized Cost 58,235,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
 
Accrued Interest on Pledged Assets 120,000mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
 
Derivative Hedging Instruments | Agency MBS    
Collateral Positions    
Fair Value 57,247,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
 
Amortized Cost 58,235,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
 
Accrued Interest on Pledged Assets 120,000mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
 
Derivative Hedging Instruments | Non-Agency MBS    
Collateral Positions    
Fair Value 0us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
 
Amortized Cost 0mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
 
Accrued Interest on Pledged Assets 0mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
 
Derivative Hedging Instruments | U.S. Treasury securities    
Collateral Positions    
Fair Value 0us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USTreasurySecuritiesMember
 
Amortized Cost 0mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USTreasurySecuritiesMember
 
Accrued Interest on Pledged Assets 0mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USTreasurySecuritiesMember
 
Derivative Hedging Instruments | CRT securities    
Collateral Positions    
Fair Value 0us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
 
Amortized Cost 0mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
 
Accrued Interest on Pledged Assets 0mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
 
Derivative Hedging Instruments | Residential whole loans    
Collateral Positions    
Fair Value 0us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_LoansReceivableMember
 
Amortized Cost 0mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_LoansReceivableMember
 
Accrued Interest on Pledged Assets 0mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateContractMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_LoansReceivableMember
 
Repurchase Agreements    
Collateral Positions    
Fair Value 9,934,267,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
 
Amortized Cost 9,042,625,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
 
Accrued Interest on Pledged Assets 25,922,000mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
 
Repurchase Agreements | Agency MBS    
Collateral Positions    
Fair Value 5,462,566,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
 
Amortized Cost 5,390,415,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
 
Accrued Interest on Pledged Assets 13,277,000mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
 
Repurchase Agreements | Non-Agency MBS    
Collateral Positions    
Fair Value 3,652,000,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
 
Amortized Cost 2,832,577,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
 
Accrued Interest on Pledged Assets 12,579,000mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
 
Non-Agency MBS acquired from consolidated VIEs in connection with resecuritization transactions 1,275,000,000mfa_NonAgencyMortgageBackedSecuritiesAcquiredFromConsolidatedVariableInterestEntity
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
1,885,000,000mfa_NonAgencyMortgageBackedSecuritiesAcquiredFromConsolidatedVariableInterestEntity
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
Non-Agency MBS pledged as collateral in connection with contemporaneous repurchase and reverse repurchase agreements entered into with a single counterparty 731,000,000mfa_NonAgencyMortgageBackedSecuritiesPledgedAsCollateralWithSingleCounterparty
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
738,300,000mfa_NonAgencyMortgageBackedSecuritiesPledgedAsCollateralWithSingleCounterparty
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
Repurchase Agreements | U.S. Treasury securities    
Collateral Positions    
Fair Value 512,105,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USTreasurySecuritiesMember
 
Amortized Cost 512,105,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USTreasurySecuritiesMember
 
Accrued Interest on Pledged Assets 0mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USTreasurySecuritiesMember
 
Repurchase Agreements | CRT securities    
Collateral Positions    
Fair Value 94,610,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
 
Amortized Cost 96,474,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
 
Accrued Interest on Pledged Assets 66,000mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
 
Repurchase Agreements | Residential whole loans    
Collateral Positions    
Fair Value 212,986,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_LoansReceivableMember
 
Amortized Cost 211,054,000mfa_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAmortizedCost
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_LoansReceivableMember
 
Accrued Interest on Pledged Assets $ 0mfa_AccruedInterestOnSecuritiesPledged
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_LoansReceivableMember