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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net income $ 83,011 $ 79,510 $ 240,031 $ 239,754
Other Comprehensive Income/(Loss):        
Reclassification adjustment for MBS sales included in net income (6,829) (11,363) (26,795) (26,414)
Reclassification adjustment for other-than-temporary impairments included in net income (485) 0 (485) (705)
Unrealized gain/(loss) on derivative hedging instruments, net 22,769 (40,884) (39,803) (46,393)
Cumulative effect adjustment on adoption of revised accounting standard for repurchase agreement financing 0 0 0 4,537
Other Comprehensive Income/(Loss) 79,805 (96,286) 57,680 (156,159)
Comprehensive income/(loss) before preferred stock dividends 162,816 (16,776) 297,711 83,595
Dividends declared on preferred stock (3,750) (3,750) (11,250) (11,250)
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities 159,066 (20,526) 286,461 72,345
Agency MBS        
Other Comprehensive Income/(Loss):        
Unrealized (loss)/gain, net (6,941) (2,028) 17,857 (14,393)
Non-Agency MBS        
Other Comprehensive Income/(Loss):        
Unrealized (loss)/gain, net $ 71,291 $ (42,011) $ 106,906 $ (72,791)