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Collateral Positions (Details) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Collateral Positions    
Assets Pledged $ 8,135,335 $ 8,145,197
Collateral Held 253,993 504,062
Derivative Hedging Instruments    
Collateral Positions    
Assets Pledged 16,244 28,161
Collateral Held 0 0
Derivative Hedging Instruments | Agency MBS    
Collateral Positions    
Assets Pledged 16,244 21,756
Collateral Held 0 0
Derivative Hedging Instruments | Cash    
Collateral Positions    
Assets Pledged 0 6,405
Collateral Held 0 0
Repurchase Agreement Borrowings    
Collateral Positions    
Assets Pledged 8,119,091 8,117,036
Collateral Held 0 0
Repurchase Agreement Borrowings | Agency MBS    
Collateral Positions    
Assets Pledged 2,531,106 2,705,754
Collateral Held 0 0
Repurchase Agreement Borrowings | Legacy Non-Agency MBS    
Collateral Positions    
Assets Pledged 1,897,016 1,652,983
Collateral Held 0 0
Non-Agency MBS pledged as collateral in connection with contemporaneous repurchase and reverse repurchase agreements entered into with a single counterparty 329,800 688,100
Repurchase Agreement Borrowings | RPL/NPL MBS    
Collateral Positions    
Assets Pledged 733,409 726,540
Collateral Held 0 0
Repurchase Agreement Borrowings | U.S. Treasury securities    
Collateral Positions    
Assets Pledged 220,814 472,095
Collateral Held 0 0
Repurchase Agreement Borrowings | CRT securities    
Collateral Positions    
Assets Pledged 590,551 595,900
Collateral Held 0 0
Repurchase Agreement Borrowings | MSR related assets    
Collateral Positions    
Assets Pledged 432,468 482,158
Collateral Held 0 0
Repurchase Agreement Borrowings | Residential whole loans    
Collateral Positions    
Assets Pledged 1,706,627 1,474,704
Collateral Held 0 0
Repurchase Agreement Borrowings | Cash    
Collateral Positions    
Assets Pledged 7,100 6,902
Collateral Held 0 0
Reverse Repurchase Agreements    
Collateral Positions    
Assets Pledged 0 0
Collateral Held 253,993 504,062
Reverse Repurchase Agreements | U.S. Treasury securities    
Collateral Positions    
Assets Pledged 0 0
Collateral Held $ 253,993 $ 504,062