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Collateral Positions (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Collateral Positions    
Assets Pledged $ 10,698,988 $ 11,410,397
Collateral Held 506,182 507,443
Derivative Hedging Instruments    
Collateral Positions    
Assets Pledged 149,956 109,142
Derivative Hedging Instruments | Agency MBS    
Collateral Positions    
Assets Pledged 34,469 38,569
Derivative Hedging Instruments | Cash    
Collateral Positions    
Assets Pledged 115,487 70,573
Repurchase Agreement Borrowings    
Collateral Positions    
Assets Pledged 10,321,554 9,688,779
Repurchase Agreement Borrowings | Agency MBS    
Collateral Positions    
Assets Pledged 3,521,966 2,881,049
Repurchase Agreement Borrowings | Legacy Non-Agency MBS    
Collateral Positions    
Assets Pledged 2,545,212 2,818,968
Non-Agency MBS acquired from consolidated VIEs 186,400 570,500
Non-Agency MBS pledged as collateral in connection with contemporaneous repurchase and reverse repurchase agreements entered into with a single counterparty 691,100 726,700
Repurchase Agreement Borrowings | 3 Year Step-up Securities    
Collateral Positions    
Assets Pledged 2,523,227 2,625,866
Repurchase Agreement Borrowings | U.S. Treasury securities    
Collateral Positions    
Assets Pledged 506,182 507,443
Repurchase Agreement Borrowings | CRT securities    
Collateral Positions    
Assets Pledged 320,852 170,352
Repurchase Agreement Borrowings | Residential Whole Loans    
Collateral Positions    
Assets Pledged 896,946 684,136
Repurchase Agreement Borrowings | Cash    
Collateral Positions    
Assets Pledged 7,169 965
FHLB Advances    
Collateral Positions    
Assets Pledged 227,478 1,612,476
FHLB Advances | Agency MBS    
Collateral Positions    
Assets Pledged 227,478 1,612,476
Reverse Repurchase Agreements    
Collateral Positions    
Collateral Held 506,182 507,443
Reverse Repurchase Agreements | U.S. Treasury securities    
Collateral Positions    
Collateral Held $ 506,182 $ 507,443