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Collateral Positions (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Collateral Positions    
Assets Pledged $ 11,106,194 $ 11,410,397
Collateral Held 512,059 507,443
Derivative Hedging Instruments    
Collateral Positions    
Assets Pledged 171,555 109,142
Derivative Hedging Instruments | Agency MBS    
Collateral Positions    
Assets Pledged 35,661 38,569
Derivative Hedging Instruments | Cash    
Collateral Positions    
Assets Pledged 135,894 70,573
Repurchase Agreement Borrowings    
Collateral Positions    
Assets Pledged 10,349,503 9,688,779
Repurchase Agreement Borrowings | Agency MBS    
Collateral Positions    
Assets Pledged 3,454,649 2,881,049
Repurchase Agreement Borrowings | Legacy Non-Agency MBS    
Collateral Positions    
Assets Pledged 2,611,165 2,818,968
Non-Agency MBS acquired from consolidated VIEs 190,300 570,500
Non-Agency MBS pledged as collateral in connection with contemporaneous repurchase and reverse repurchase agreements entered into with a single counterparty 697,200 726,700
Repurchase Agreement Borrowings | RPL/NPL MBS    
Collateral Positions    
Assets Pledged 2,690,238 2,625,866
Repurchase Agreement Borrowings | U.S. Treasury securities    
Collateral Positions    
Assets Pledged 512,059 507,443
Repurchase Agreement Borrowings | CRT securities    
Collateral Positions    
Assets Pledged 255,675 170,352
Repurchase Agreement Borrowings | Residential Whole Loans    
Collateral Positions    
Assets Pledged 818,527 684,136
Repurchase Agreement Borrowings | Cash    
Collateral Positions    
Assets Pledged 7,190 965
FHLB Advances    
Collateral Positions    
Assets Pledged 585,136 1,612,476
FHLB Advances | Agency MBS    
Collateral Positions    
Assets Pledged 585,136 1,612,476
Reverse Repurchase Agreements    
Collateral Positions    
Collateral Held 512,059 507,443
Reverse Repurchase Agreements | U.S. Treasury securities    
Collateral Positions    
Collateral Held $ 512,059 $ 507,443