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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net income $ 79,935,000 $ 78,950,000 $ 157,995,000 $ 157,020,000
Other Comprehensive Income/(Loss):        
Reclassification adjustment for MBS sales included in net income (5,656,000) (8,688,000) (15,602,000) (19,651,000)
Reclassification adjustment for other-than-temporary impairments included in net income (618,000) 0 (1,032,000) 0
Derivative hedging instrument fair value changes, net (1,017,000) (13,230,000) 10,880,000 (62,572,000)
Other Comprehensive Income/(Loss) 37,719,000 83,316,000 58,700,000 (22,125,000)
Comprehensive income before preferred stock dividends 117,654,000 162,266,000 216,695,000 134,895,000
Dividends declared on preferred stock (3,750,000) (3,750,000) (7,500,000) (7,500,000)
Comprehensive Income Available to Common Stock and Participating Securities 113,904,000 158,516,000 209,195,000 127,395,000
Agency MBS        
Other Comprehensive Income/(Loss):        
Unrealized (loss)/gain, net (11,157,000) 11,572,000 (19,209,000) 24,798,000
Non-Agency MBS        
Other Comprehensive Income/(Loss):        
Unrealized (loss)/gain, net $ 56,167,000 $ 93,662,000 $ 83,663,000 $ 35,300,000