Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

Schedule of changes in balances of each component of the entity's AOCI

The following table presents changes in the balances of each component of the Company’s AOCI for the three and nine months ended September 30, 2020:

	Three Months Ended September 30, 2020								Nine Months Ended September 30, 2020
(In Thousands)	Net Unrealized Gain/(Loss) on AFS Securities		Net  Gain/(Loss) on Swaps		Net Unrealized Gain/(Loss) on Financing Agreements (3)		Total  AOCI		Net Unrealized Gain/(Loss) on AFS Securities		Net  Gain/(Loss) on Swaps		Net Unrealized Gain/(Loss) on Financing Agreements (3)		Total  AOCI
Balance at beginning of period	$	52,889	$	(7,176)	$	—	$	45,713	$	392,722	$	(22,675)	$	—	$	370,047
OCI before reclassifications	15,082		—		(22,652)		(7,570)		408,585		(50,127)		(22,652)		335,806
Amounts reclassified from AOCI (1)	(60)		7,176		—		7,116		(733,396)		72,802		—		(660,594)
Net OCI during the period (2)	15,022		7,176		(22,652)		(454)		(324,811)		22,675		(22,652)		(324,788)
Balance at end of period	$	67,911	$	—	$	(22,652)	$	45,259	$	67,911	$	—	$	(22,652)	$	45,259

(1)  See separate table below for details about these reclassifications.

(2)  For further information regarding changes in OCI, see the Company’s consolidated statements of comprehensive income/(loss).

(3) Net Unrealized Gain/(Loss) on Financing Agreements at Fair Value due to changes in instrument-specific credit risk.

The following table presents changes in the balances of each component of the Company’s AOCI for the three and nine months ended September 30, 2019:

	Three Months Ended September 30, 2019						Nine Months Ended September 30, 2019
(In Thousands)	Net Unrealized Gain/(Loss) on AFS Securities		Net Gain/(Loss) on Swaps		Total AOCI		Net Unrealized Gain/(Loss) on AFS Securities		Net  Gain/(Loss) on Swaps		Total AOCI
Balance at beginning of period	$	439,898	$	(28,114)	$	411,784	$	417,167	$	3,121	$	420,288
OCI before reclassifications	5,483		(233)		5,250		50,085		(30,384)		19,701
Amounts reclassified from AOCI (1)	(14,499)		(685)		(15,184)		(36,370)		(1,769)		(38,139)
Net OCI during the period (2)	(9,016)		(918)		(9,934)		13,715		(32,153)		(18,438)
Balance at end of period	$	430,882	$	(29,032)	$	401,850	$	430,882	$	(29,032)	$	401,850

(1)  See separate table below for details about these reclassifications.

(2)  For further information regarding changes in OCI, see the Company’s consolidated statements of comprehensive income/(loss).

Information about the significant amounts reclassified out of the entity's AOCI

The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the three and nine months ended September 30, 2020:

	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020
Details about AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statement Where Net Income is Presented
(In Thousands)
AFS Securities:
Realized gain on sale of securities	$	(60)	$	(389,127)	Net realized (loss)/gain on sales of residential mortgage securities and residential whole loans
Impairment recognized in earnings	—		(344,269)		Other, net
Total AFS Securities	$	(60)	$	(733,396)
Swaps designated as cash flow hedges:
Reclassification adjustment for losses related to hedging instruments included in net income	7,176		72,802		Other, net
Total Swaps designated as cash flow hedges	7,176		72,802
Total reclassifications for period	$	7,116	$	(660,594)

The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the three and nine months ended September 30, 2019:

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Details about AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statement Where Net Income is Presented
(In Thousands)
AFS Securities:
Realized gain on sale of securities	$	(14,499)	$	(36,370)	Net realized (loss)/gain on sales of residential mortgage securities and residential whole loans
Total AFS Securities	$	(14,499)	$	(36,370)
Amortization of de-designated hedging instruments	(685)		(1,769)
Total reclassifications for period	$	(15,184)	$	(38,139)