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Collateral Positions (Details 2) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest $ 11,608,706  
Legacy Non-Agency MBS    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 3,151,386  
Agency Mortgage Backed Securities    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 4,979,926  
RPL/NPL MBS    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 2,592,693  
U.S. Treasury securities    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 498,336  
CRT securities    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 116,770  
Residential whole loans    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 201,538  
Cash    
Collateral Positions    
Total Fair Value of Assets Pledged and Accrued Interest 68,057  
Securities Sold under Agreements to Repurchase    
Collateral Positions    
Fair Value 11,471,855  
Amortized Cost 10,793,526  
Accrued Interest on Pledged Assets 24,805  
Securities Sold under Agreements to Repurchase | Legacy Non-Agency MBS    
Collateral Positions    
Fair Value 3,139,828  
Amortized Cost 2,530,267  
Accrued Interest on Pledged Assets 11,558  
Non-Agency MBS acquired from consolidated VIEs in connection with resecuritization transactions 587,100 $ 1,275,000
Non-Agency MBS pledged as collateral in connection with contemporaneous repurchase and reverse repurchase agreements entered into with a single counterparty 723,600 $ 731,000
Securities Sold under Agreements to Repurchase | Agency Mortgage Backed Securities    
Collateral Positions    
Fair Value 4,923,712  
Amortized Cost 4,862,558  
Accrued Interest on Pledged Assets 11,501  
Securities Sold under Agreements to Repurchase | RPL/NPL MBS    
Collateral Positions    
Fair Value 2,591,503  
Amortized Cost 2,590,170  
Accrued Interest on Pledged Assets 1,190  
Securities Sold under Agreements to Repurchase | U.S. Treasury securities    
Collateral Positions    
Fair Value 498,336  
Amortized Cost 498,336  
Accrued Interest on Pledged Assets 0  
Securities Sold under Agreements to Repurchase | CRT securities    
Collateral Positions    
Fair Value 116,690  
Amortized Cost 115,276  
Accrued Interest on Pledged Assets 80  
Securities Sold under Agreements to Repurchase | Residential whole loans    
Collateral Positions    
Fair Value 201,062  
Amortized Cost 196,195  
Accrued Interest on Pledged Assets 476  
Securities Sold under Agreements to Repurchase | Cash    
Collateral Positions    
Fair Value 724  
Amortized Cost 724  
Accrued Interest on Pledged Assets 0  
Derivative Hedging Instruments    
Collateral Positions    
Fair Value 111,954  
Amortized Cost 112,842  
Accrued Interest on Pledged Assets 92  
Derivative Hedging Instruments | Legacy Non-Agency MBS    
Collateral Positions    
Fair Value 0  
Amortized Cost 0  
Accrued Interest on Pledged Assets 0  
Derivative Hedging Instruments | Agency Mortgage Backed Securities    
Collateral Positions    
Fair Value 44,621  
Amortized Cost 45,509  
Accrued Interest on Pledged Assets 92  
Derivative Hedging Instruments | RPL/NPL MBS    
Collateral Positions    
Fair Value 0  
Amortized Cost 0  
Accrued Interest on Pledged Assets 0  
Derivative Hedging Instruments | U.S. Treasury securities    
Collateral Positions    
Fair Value 0  
Amortized Cost 0  
Accrued Interest on Pledged Assets 0  
Derivative Hedging Instruments | CRT securities    
Collateral Positions    
Fair Value 0  
Amortized Cost 0  
Accrued Interest on Pledged Assets 0  
Derivative Hedging Instruments | Residential whole loans    
Collateral Positions    
Fair Value 0  
Amortized Cost 0  
Accrued Interest on Pledged Assets 0  
Derivative Hedging Instruments | Cash    
Collateral Positions    
Fair Value 67,333  
Amortized Cost 67,333  
Accrued Interest on Pledged Assets $ 0