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MBS (Details 2) (USD $)
3 Months Ended 3 Months Ended
Mar. 31, 2013
Security
Mar. 31, 2012
Mar. 31, 2012
Low end of range
Mar. 31, 2013
Agency MBS
Security
Mar. 31, 2012
Agency MBS
Mar. 31, 2013
Agency MBS
Fannie Mae.
Security
Dec. 31, 2012
Agency MBS
Fannie Mae.
Mar. 31, 2013
Agency MBS
Freddie Mac.
Security
Dec. 31, 2012
Agency MBS
Freddie Mac.
Mar. 31, 2013
Non-Agency MBS
Security
Mar. 31, 2012
Non-Agency MBS
Mar. 31, 2012
Non-Agency MBS
Weighted average
Mar. 31, 2012
Non-Agency MBS
Low end of range
Mar. 31, 2012
Non-Agency MBS
High end of range
Mar. 31, 2013
Non-Agency MBS
Discount Designated as Credit Reserve and OTTI
Mar. 31, 2012
Non-Agency MBS
Discount Designated as Credit Reserve and OTTI
Mar. 31, 2013
Non-Agency MBS
Accretable Discount
Mar. 31, 2012
Non-Agency MBS
Accretable Discount
Mar. 31, 2013
Non-Agency MBS
Rated A
Security
Dec. 31, 2012
Non-Agency MBS
Rated A
Mar. 31, 2013
Non-Agency MBS
Rated BBB
Security
Dec. 31, 2012
Non-Agency MBS
Rated BBB
Mar. 31, 2013
Non-Agency MBS
Rated BB
Security
Dec. 31, 2012
Non-Agency MBS
Rated BB
Mar. 31, 2013
Non-Agency MBS
Rated CCC
Security
Dec. 31, 2012
Non-Agency MBS
Rated CCC
Mar. 31, 2013
Non-Agency MBS
Rated C
Security
Dec. 31, 2012
Non-Agency MBS
Rated C
Mar. 31, 2013
Non-Agency MBS
Unrated and other
Security
Dec. 31, 2012
Non-Agency MBS
Unrated and other
Fair Value                                                            
Less than 12 months $ 1,095,547,000     $ 1,076,488,000   $ 550,988,000   $ 525,500,000   $ 19,059,000                                 $ 3,869,000   $ 15,190,000  
12 months or more 109,170,000     45,580,000   42,957,000   2,623,000   63,590,000                 989,000   20,225,000   2,130,000   23,683,000       16,563,000  
Total 1,204,717,000     1,122,068,000   593,945,000   528,123,000   82,649,000                 989,000   20,225,000   2,130,000   23,683,000   3,869,000   31,753,000  
Unrealized Losses                                                            
Less than 12 months 5,188,000     5,078,000   2,063,000   3,015,000   110,000                                 22,000   88,000  
12 months or more 3,292,000     779,000   777,000   2,000   2,513,000                 41,000   691,000   233,000   1,476,000       72,000  
Total 8,480,000     5,857,000   2,840,000   3,017,000   2,623,000                 41,000   691,000   233,000   1,476,000   22,000   160,000  
Number of Securities                                                            
Less than 12 months (in security) 132     129   66   63   3                                 2   1  
12 months or more (in security) 25     12   11   1   13                 2   2   3   4       2  
OTTI charges recorded                                                            
Total OTTI losses   (879,000)                                                        
OTTI reclassified from OCI   (41,000)                                                        
OTTI recognized in earnings   (920,000)                 (920,000)                                      
Roll-forward of the credit loss component of OTTI                                                            
Credit loss component of OTTI at beginning of period 36,115,000 34,915,000                                                        
Additions for credit related OTTI not previously recognized   458,000                                                        
Subsequent additional credit related OTTI recorded   462,000                                                        
Credit loss component of OTTI at end of period 36,115,000 35,835,000                                                        
Significant inputs considered and assumptions made in determining the measurement of the component of OTTI recorded in earnings                                                            
Credit enhancement (as a percent)                       4.40% 0.00% 16.50%                                
Projected CPR (as a percent)                       10.20% 9.40% 13.30%                                
Projected Loss Severity (as a percent)                       55.40% 45.90% 60.00%                                
60+ days delinquent (as a percent)                       21.50% 18.20% 23.80%                                
Number of days considered to classify loans delinquent     60 days                                                      
Changes in the components of the purchase discount on Non-Agency MBS                                                            
Balance at beginning of period                             (1,380,506,000) (1,228,766,000) (371,626,000) (250,479,000)                        
Accretion of discount                                 12,051,000 9,410,000                        
Realized credit losses                             50,307,000 22,394,000                            
Purchases                             (23,535,000) (108,449,000) 11,229,000 (7,433,000)                        
Sales                             6,283,000   932,000                          
Reclassification adjustment for OTTI                               684,000   (684,000)                        
Net impairment losses recognized in earnings                               (920,000)                            
Unlinking of Linked Transactions                               (38,579,000)   (6,078,000)                        
Transfers/release of credit reserve                             34,499,000 8,918,000 (34,499,000) (8,918,000)                        
Balance at end of period                             (1,312,952,000) (1,344,718,000) (381,913,000) (264,182,000)                        
Purchase discount pertaining to linked transactions designated as accretable purchase discount reallocated to credit reserve                     629,000                                      
Purchase discount pertaining to linked transactions designated as credit reserve reallocated to accretable purchase discount                   13,000                                        
AOCI from MBS:                                                            
Balance at the beginning of the period 824,808,000 55,491,000   200,943,000   154,950,000 177,605,000 18,210,000 22,836,000 623,865,000                 (41,000) (85,000) 1,388,000 744,000 7,855,000 4,580,000 162,457,000 128,849,000 80,546,000 81,362,000 413,765,000 324,677,000
Unrealized loss on Agency MBS, net (27,291,000) (3,158,000)                                                        
Unrealized gain on Non-Agency MBS, net 146,730,000 262,602,000                                                        
Reclassification adjustment for MBS sales included in net income (1,360,000) (2,901,000)                                                        
Reclassification adjustment for OTTI included in net income   920,000                                                        
Change in AOCI from MBS 118,079,000 257,463,000                                                        
Balance at the end of period 942,887,000 312,954,000   173,652,000   154,950,000 177,605,000 18,210,000 22,836,000 769,235,000                 (41,000) (85,000) 1,388,000 744,000 7,855,000 4,580,000 162,457,000 128,849,000 80,546,000 81,362,000 413,765,000 324,677,000
Sales of MBS                                                            
Amount of MBS sold         71,100,000         6,100,000                                        
Gross gains on sale of MBS 1,633,000 2,953,000     3,000,000         1,700,000                                        
MBS Interest Income                                                            
Coupon interest       57,504,000 64,008,000         67,933,000 60,860,000                                      
Effective yield adjustment       (14,717,000) (10,708,000)         11,982,000 9,344,000                                      
Interest on mortgage backed securities       $ 42,787,000 $ 53,300,000         $ 79,915,000 $ 70,204,000