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Summary of Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations (Unaudited)
 
 
2016 Quarter Ended
(In Thousands, Except per Share Amounts)
 
March 31
 
June 30
 
September 30
 
December 31
Interest income
 
$
117,418

 
$
114,507

 
$
112,716

 
$
112,528

Interest expense
 
(47,600
)
 
(47,720
)
 
(48,167
)
 
(49,868
)
Net interest income
 
69,818

 
66,787

 
64,549

 
62,660

Net impairment losses recognized in earnings
 
—

 
—

 
(485
)
 
—

Net gain on residential whole loans held at fair value
 
11,881

 
14,470

 
18,701

 
14,632

Gain on sales of MBS
 
9,745

 
9,241

 
7,083

 
9,768

Other income
 
1,085

 
3,319

 
8,117

 
1,281

Operating and other expense
 
(14,459
)
 
(14,867
)
 
(14,954
)
 
(15,704
)
Net income
 
78,070

 
78,950

 
83,011

 
72,637

Preferred stock dividends
 
(3,750
)
 
(3,750
)
 
(3,750
)
 
(3,750
)
Net income available to common stock and participating securities
 
$
74,320

 
$
75,200

 
$
79,261

 
$
68,887

Earnings per Common Share - Basic and Diluted
 
$
0.20

 
$
0.20

 
$
0.21

 
$
0.18

 
 
 
2015 Quarter Ended
(In Thousands, Except per Share Amounts)
 
March 31
 
June 30
 
September 30
 
December 31
Interest income
 
$
129,943

 
$
123,995

 
$
119,706

 
$
118,499

Interest expense
 
(43,940
)
 
(42,849
)
 
(43,703
)
 
(46,456
)
Net interest income
 
86,003

 
81,146

 
76,003

 
72,043

Net impairment losses recognized in earnings
 
(407
)
 
(298
)
 
—

 
—

Net gain on residential whole loans held at fair value
 
2,034

 
3,224

 
5,565

 
6,899

Gain on sales of MBS
 
6,435

 
7,617

 
11,196

 
9,652

Other income/(loss)
 
311

 
(678
)
 
(259
)
 
(831
)
Operating and other expense
 
(12,202
)
 
(12,940
)
 
(12,995
)
 
(14,292
)
Net income
 
82,174

 
78,071

 
79,510

 
73,471

Preferred stock dividends
 
(3,750
)
 
(3,750
)
 
(3,750
)
 
(3,750
)
Net income available to common stock and participating securities
 
$
78,424

 
$
74,321

 
$
75,760

 
$
69,721

Earnings per Common Share - Basic and Diluted
 
$
0.21

 
$
0.20

 
$
0.20

 
$
0.19