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Collateral Positions (Details 2)
$ in Thousands
Sep. 30, 2016
USD ($)
Collateral Positions  
Total Fair Value of Assets Pledged and Accrued Interest $ 10,721,720
Agency MBS  
Collateral Positions  
Total Fair Value of Assets Pledged and Accrued Interest 3,793,050
Legacy Non-Agency MBS  
Collateral Positions  
Total Fair Value of Assets Pledged and Accrued Interest 2,554,553
3 Year Step-up Securities  
Collateral Positions  
Total Fair Value of Assets Pledged and Accrued Interest 2,525,068
U.S. Treasuries  
Collateral Positions  
Total Fair Value of Assets Pledged and Accrued Interest 506,182
CRT securities  
Collateral Positions  
Total Fair Value of Assets Pledged and Accrued Interest 321,049
Residential Whole Loans  
Collateral Positions  
Total Fair Value of Assets Pledged and Accrued Interest 899,162
Cash  
Collateral Positions  
Total Fair Value of Assets Pledged and Accrued Interest 122,656
Repurchase Agreements and Other Advances  
Collateral Positions  
Fair Value 10,549,032
Amortized Cost 9,958,895
Accrued Interest on Pledged Assets 22,663
Repurchase Agreements and Other Advances | Agency MBS  
Collateral Positions  
Fair Value 3,749,444
Amortized Cost 3,706,053
Accrued Interest on Pledged Assets 9,068
Repurchase Agreements and Other Advances | Agency MBS | FHLB Advances  
Collateral Positions  
Fair Value 227,500
Amortized Cost 224,100
Accrued Interest on Pledged Assets 590
Repurchase Agreements and Other Advances | Legacy Non-Agency MBS  
Collateral Positions  
Fair Value 2,545,212
Amortized Cost 2,030,320
Accrued Interest on Pledged Assets 9,341
Non-Agency MBS acquired from consolidated VIEs in connection with resecuritization transactions 186,400
Non-Agency MBS pledged as collateral in connection with contemporaneous repurchase and reverse repurchase agreements entered into with a single counterparty 691,100
Repurchase Agreements and Other Advances | 3 Year Step-up Securities  
Collateral Positions  
Fair Value 2,523,227
Amortized Cost 2,515,488
Accrued Interest on Pledged Assets 1,841
Repurchase Agreements and Other Advances | U.S. Treasuries  
Collateral Positions  
Fair Value 506,182
Amortized Cost 506,182
Accrued Interest on Pledged Assets 0
Repurchase Agreements and Other Advances | CRT securities  
Collateral Positions  
Fair Value 320,852
Amortized Cost 301,848
Accrued Interest on Pledged Assets 197
Repurchase Agreements and Other Advances | Residential Whole Loans  
Collateral Positions  
Fair Value 896,946
Amortized Cost 891,835
Accrued Interest on Pledged Assets 2,216
Repurchase Agreements and Other Advances | Cash  
Collateral Positions  
Fair Value 7,169
Amortized Cost 7,169
Accrued Interest on Pledged Assets 0
Derivative Hedging Instruments  
Collateral Positions  
Fair Value 149,956
Amortized Cost 149,990
Accrued Interest on Pledged Assets 69
Derivative Hedging Instruments | Agency MBS  
Collateral Positions  
Fair Value 34,469
Amortized Cost 34,503
Accrued Interest on Pledged Assets 69
Derivative Hedging Instruments | Legacy Non-Agency MBS  
Collateral Positions  
Fair Value 0
Amortized Cost 0
Accrued Interest on Pledged Assets 0
Derivative Hedging Instruments | 3 Year Step-up Securities  
Collateral Positions  
Fair Value 0
Amortized Cost 0
Accrued Interest on Pledged Assets 0
Derivative Hedging Instruments | U.S. Treasuries  
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 115,487
Amortized Cost 115,487
Accrued Interest on Pledged Assets 0
Carrying Value | Repurchase Agreements and Other Advances | Residential Whole Loans  
Collateral Positions  
Fair Value 278,500
Amortized Cost 273,400
Total Fair Value of Assets Pledged and Accrued Interest $ 618,400