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Collateral Positions (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Collateral Positions    
Assets Pledged $ 8,473,834 $ 10,620,406
Collateral Held 507,318 510,767
Derivative Hedging Instruments    
Collateral Positions    
Assets Pledged 29,721 86,317
Derivative Hedging Instruments | Agency MBS    
Collateral Positions    
Assets Pledged 23,197 32,468
Derivative Hedging Instruments | Cash    
Collateral Positions    
Assets Pledged 6,524 53,849
Repurchase Agreement Borrowings    
Collateral Positions    
Assets Pledged 8,444,113 10,306,845
Repurchase Agreement Borrowings | Agency MBS    
Collateral Positions    
Assets Pledged 2,888,156 3,280,689
Repurchase Agreement Borrowings | Legacy Non-Agency MBS    
Collateral Positions    
Assets Pledged 1,848,134 2,317,708
Non-Agency MBS acquired from consolidated VIEs   172,400
Non-Agency MBS pledged as collateral in connection with contemporaneous repurchase and reverse repurchase agreements entered into with a single counterparty 689,300 688,200
Repurchase Agreement Borrowings | RPL/NPL MBS    
Collateral Positions    
Assets Pledged 1,005,757 2,433,711
Repurchase Agreement Borrowings | U.S. Treasury securities    
Collateral Positions    
Assets Pledged 475,688 510,767
Repurchase Agreement Borrowings | CRT securities    
Collateral Positions    
Assets Pledged 530,833 357,488
Repurchase Agreement Borrowings | MSR related assets    
Collateral Positions    
Assets Pledged 412,674 226,780
Repurchase Agreement Borrowings | Residential whole loans    
Collateral Positions    
Assets Pledged 1,273,955 1,175,088
Repurchase Agreement Borrowings | Cash    
Collateral Positions    
Assets Pledged 8,916 4,614
FHLB Advances    
Collateral Positions    
Assets Pledged 0 227,244
FHLB Advances | Agency MBS    
Collateral Positions    
Assets Pledged 0 227,244
Reverse Repurchase Agreements    
Collateral Positions    
Collateral Held 507,318 510,767
Reverse Repurchase Agreements | U.S. Treasury securities    
Collateral Positions    
Collateral Held $ 507,318 $ 510,767