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Derivative Instruments (Details 3)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
derivative
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
derivative
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2014
USD ($)
Derivative Instruments            
Assets pledged         $ 11,583,809 $ 10,058,769
Restricted cash         68,057 67,255
Net unrealized gains (losses) $ (91,429) $ (27,037) $ (59,062) $ (15,217) (64,571) (59,062)
Interest expense attributable to Swaps 42,849 40,569 86,789 81,490    
AOCI from derivative hedging instruments:            
Balance at beginning of period (91,429) (27,037) (59,062) (15,217)    
Unrealized gain/(loss) on Swaps, net 26,858 (27,634) (5,509) (39,901)    
Reclassification of unrealized loss on de-designated Swaps 0 0 0 447    
Balance at end of period (64,571) (54,671) $ (64,571) (54,671)    
Interest Rate Contract            
Derivative Instruments            
Aggregate fair value of assets needed to immediately settle         67,000  
Associated accrued interest payable         1,600  
Assets pledged         111,954 123,733
Swaps            
Derivative Instruments            
Interest rate, description            
Aggregate notional amount of derivatives         $ 3,050,000 $ 3,760,170
Weighted Average Fixed-Pay Interest Rate (as a percent)         1.82% 1.85%
Weighted Average Variable Interest Rate (as a percent)         0.19% 0.16%
Interest expense attributable to Swaps $ 13,174 $ 18,075 $ 28,555 $ 35,638    
Weighted average Swap rate paid (as a percent) 1.83% 1.92% 1.84% 1.92%    
Weighted average Swap rate received (as a percent) 0.18% 0.15% 0.18% 0.16%    
Swaps | Minimum | LIBOR            
Derivative Instruments            
Derivative, variable interest rate, term     1 month      
Swaps | Maximum | LIBOR            
Derivative Instruments            
Derivative, variable interest rate, term     3 months      
Swaps | Within 30 days            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 0 $ 22,290
Weighted Average Fixed-Pay Interest Rate (as a percent)         0.00% 3.63%
Weighted Average Variable Interest Rate (as a percent)         0.00% 0.23%
Swaps | Over 30 days to 3 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 0 $ 387,880
Weighted Average Fixed-Pay Interest Rate (as a percent)         0.00% 1.80%
Weighted Average Variable Interest Rate (as a percent)         0.00% 0.16%
Swaps | Over 3 months to 6 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 0 $ 300,000
Weighted Average Fixed-Pay Interest Rate (as a percent)         0.00% 2.06%
Weighted Average Variable Interest Rate (as a percent)         0.00% 0.17%
Swaps | Over 6 months to 12 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 50,000 $ 0
Weighted Average Fixed-Pay Interest Rate (as a percent)         2.13% 0.00%
Weighted Average Variable Interest Rate (as a percent)         0.19% 0.00%
Swaps | Over 12 months to 24 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 450,000 $ 150,000
Weighted Average Fixed-Pay Interest Rate (as a percent)         0.56% 1.03%
Weighted Average Variable Interest Rate (as a percent)         0.18% 0.16%
Swaps | Over 24 months to 36 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 50,000 $ 350,000
Weighted Average Fixed-Pay Interest Rate (as a percent)         1.45% 0.58%
Weighted Average Variable Interest Rate (as a percent)         0.19% 0.16%
Swaps | Over 36 months to 48 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 700,000 $ 550,000
Weighted Average Fixed-Pay Interest Rate (as a percent)         1.56% 1.49%
Weighted Average Variable Interest Rate (as a percent)         0.19% 0.16%
Swaps | Over 48 months to 60 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 200,000 $ 200,000
Weighted Average Fixed-Pay Interest Rate (as a percent)         2.05% 1.71%
Weighted Average Variable Interest Rate (as a percent)         0.19% 0.17%
Swaps | Over 60 months to 72 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 1,500,000 $ 1,500,000
Weighted Average Fixed-Pay Interest Rate (as a percent)         2.24% 2.22%
Weighted Average Variable Interest Rate (as a percent)         0.19% 0.16%
Swaps | Over 72 months to 84 months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 0 $ 200,000
Weighted Average Fixed-Pay Interest Rate (as a percent)         0.00% 2.20%
Weighted Average Variable Interest Rate (as a percent)         0.00% 0.17%
Swaps | Over 84 Months            
Derivative Instruments            
Aggregate notional amount of derivatives         $ 100,000 $ 100,000
Weighted Average Fixed-Pay Interest Rate (as a percent)         2.75% 2.75%
Weighted Average Variable Interest Rate (as a percent)         0.19% 0.16%
New Swaps | Swaps            
Derivative Instruments            
Aggregate notional amount $ 0   $ 0      
Weighted Average Fixed-Pay Interest Rate (as a percent)         0.00%  
Number of new Swaps | derivative 0   0      
Swaps amortized expired | Swaps            
Derivative Instruments            
Aggregate notional amount $ 300,000   $ 710,170      
Agency MBS, at fair value | Interest Rate Contract            
Derivative Instruments            
Assets pledged         $ 44,621 $ 57,247
Restricted cash | Interest Rate Contract            
Derivative Instruments            
Restricted cash         67,333 $ 66,486
Hedging | Swaps            
Derivative Instruments            
Aggregate notional amount of derivatives         3,050,000  
Net unrealized gains (losses) (64,600)   $ (64,600)   $ (64,600)  
Average maturity term of swaps     51 months      
Maximum maturity term of swaps     98 months      
AOCI from derivative hedging instruments:            
Balance at end of period $ (64,600)   $ (64,600)      
QTD | Swaps amortized expired | Swaps            
Derivative Instruments            
Weighted Average Fixed-Pay Interest Rate (as a percent)         2.06%  
YTD | Swaps amortized expired | Swaps            
Derivative Instruments            
Weighted Average Fixed-Pay Interest Rate (as a percent)         1.96%