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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Series C Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Preferred Stock
Series B Preferred Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Series C Preferred Stock
Accumulated Deficit
Accumulated Deficit
Series C Preferred Stock
Accumulated Deficit
Series B Preferred Stock
Accumulated Other Comprehensive Income
Revision of Prior Period, Accounting Standards Update, Adjustment
Revision of Prior Period, Accounting Standards Update, Adjustment
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity                            
Preferred stock, liquidation preference (in dollars per share)         $ 25.00                  
Balance (in shares) at Dec. 31, 2017         8,000,000 397,831,000                
Beginning balance at Dec. 31, 2017 $ 3,261,636       $ 80 $ 3,978 $ 3,227,304   $ (578,950)     $ 609,224 $ 295 $ 295
Increase (Decrease) in Stockholders' Equity                            
Net (loss)/income 301,801               301,801          
Issuance of stock, net of expenses (in shares)           52,420,000                
Issuance of stock, net of expenses 392,145         $ 520 391,625              
Repurchase of shares of common stock (in shares) [1]           (464,000)                
Repurchase of shares of common stock [1] (3,392)           (3,392)              
Equity based compensation expense 7,999           7,999              
Change in accrued dividends attributable to stock-based awards (261)           (261)              
Dividends declared on common stock (339,244)               (339,244)          
Dividends declared on preferred stock (15,000)               (15,000)          
Dividends attributable to dividend equivalents (942)               (942)          
Change in unrealized losses on MBS, net (203,481)                     (203,481)    
Derivative hedging instrument fair value changes and amortization, net 14,545                     14,545    
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk 0                          
Balance (in shares) at Dec. 31, 2018         8,000,000 449,787,000                
Ending balance at Dec. 31, 2018 $ 3,416,101       $ 80 $ 4,498 3,623,275   (632,040)     420,288    
Increase (Decrease) in Stockholders' Equity                            
Adjustments related to tax withholding for share-based compensation           $ 3,400                
Shares paid for tax withholding for share based compensation (in shares)           464,429                
Preferred stock, dividend rate         7.50%                  
Preferred stock, cash dividends declared (in dollars per share)     $ 1.875                      
Common stock, cash dividends declared (in dollars per share) $ 0.80                          
Preferred stock, liquidation preference (in dollars per share)         $ 25.00                  
Net (loss)/income $ 378,117               378,117          
Issuance of stock, net of expenses (in shares)           3,145,000                
Issuance of stock, net of expenses 12,325         $ 26 12,299              
Repurchase of shares of common stock (in shares) [1]           (563,000)                
Repurchase of shares of common stock [1] (4,118)           (4,118)              
Equity based compensation expense 9,230           9,230              
Change in accrued dividends attributable to stock-based awards (345)           (345)              
Dividends declared on common stock (361,033)               (361,033)          
Dividends declared on preferred stock (15,000)               (15,000)          
Dividends attributable to dividend equivalents (1,084)               (1,084)          
Change in unrealized losses on MBS, net (24,445)                     (24,445)    
Derivative hedging instrument fair value changes and amortization, net (25,796)                     (25,796)    
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk 0                          
Balance (in shares) at Dec. 31, 2019       0 8,000,000 452,369,000                
Ending balance at Dec. 31, 2019 $ 3,383,952     $ 0 $ 80 $ 4,524 3,640,341   (631,040)     370,047 $ (8,326) $ (8,326)
Increase (Decrease) in Stockholders' Equity                            
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                          
Adjustments related to tax withholding for share-based compensation           $ 4,100                
Shares paid for tax withholding for share based compensation (in shares)           562,815                
Preferred stock, dividend rate     7.50% 6.50% 7.50%                  
Preferred stock, cash dividends declared (in dollars per share)     $ 1.875                      
Common stock, cash dividends declared (in dollars per share) $ 0.80                          
Preferred stock, liquidation preference (in dollars per share)       $ 25.00 $ 25.00                  
Net (loss)/income $ (679,390)               (679,390)          
Issuance of stock, net of expenses (in shares)       11,000,000   13,792,000                
Issuance of stock, net of expenses 7,453 $ 266,052   $ 110   $ 138 7,315 $ 265,942            
Repurchase of shares of common stock (in shares) [1]           (14,447,000)                
Repurchase of shares of common stock [1] (53,577)         $ (145) (53,432)              
Equity based compensation expense 6,715           6,715              
Change in accrued dividends attributable to stock-based awards 856           856              
Dividends declared on common stock (56,546)               (56,546)          
Dividends declared on preferred stock (29,796) $ (14,796) $ (15,000)             $ (14,796) $ (15,000)      
Dividends attributable to dividend equivalents (229)               (229)          
Change in unrealized losses on MBS, net (313,115)                     (313,115)    
Derivative hedging instrument fair value changes and amortization, net 22,675                     22,675    
Warrants issued and repurchased, net (19,608)                          
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk (2,314)                     (2,314)    
Balance (in shares) at Dec. 31, 2020       11,000,000 8,000,000 451,714,000                
Ending balance at Dec. 31, 2020 $ 2,524,802     $ 110 $ 80 $ 4,517 $ 3,848,129   $ (1,405,327)     $ 77,293    
Increase (Decrease) in Stockholders' Equity                            
Adjustments related to tax withholding for share-based compensation           $ 2,700                
Shares paid for tax withholding for share based compensation (in shares)           360,534                
Preferred stock, dividend rate   6.50% 7.50% 6.50% 7.50%                  
Preferred stock, cash dividends declared (in dollars per share)   $ 1.345 $ 1.875                      
Common stock, cash dividends declared (in dollars per share) $ 0.125                          
Preferred stock, liquidation preference (in dollars per share)       $ 25.00 $ 25.00                  
[1] For the year ended December 31, 2020, includes approximately $2.7 million (360,534 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2019, includes approximately $4.1 million (562,815 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2018, includes approximately $3.4 million (464,429 shares) surrendered for tax purposes related to equity-based compensation awards.