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Derivatives (Details 3) (USD $)
3 Months Ended
Mar. 31, 2013
derivative
Mar. 31, 2012
derivative
Dec. 31, 2012
Derivatives      
Assets Pledged $ 10,970,161,000   $ 10,624,276,000
Number of derivatives terminated 0 0  
Interest Expense 40,158,000 40,127,000  
Impact of Hedging Instruments on AOCI      
Balance at beginning of period (62,831,000) (114,194,000)  
Unrealized gain on Swaps, net 12,316,000 12,091,000  
Balance at end of period (50,515,000) (102,103,000)  
Derivative contracts
     
Derivatives      
Assets Pledged 62,136,000   73,931,000
Swaps
     
Derivatives      
Aggregate fair value of assets needed to immediately settle 53,100,000    
Associated accrued interest payable 2,200,000    
Aggregate notional amount of derivatives 2,513,550,000   2,519,564,000
Interest rate, description one-month or three-month London Interbank Offered Rate (LIBOR)    
Net unrealized losses 50,500,000    
Average maturity term of swaps 18 months    
Maximum maturity term of swaps 47 months    
Weighted Average Fixed-Pay Interest Rate (as a percent) 2.24%   2.31%
Weighted Average Variable Interest Rate (as a percent) 0.21%   0.22%
Interest Expense 12,969,000 20,823,000  
Weighted average Swap rate paid (as a percent) 2.27% 2.78%  
Weighted average Swap rate received (as a percent) 0.21% 0.31%  
Number of new derivatives 1    
Notional amount of derivative entered 50,000,000    
Fixed-pay rate (as a percent) 0.67%    
Initial maturity of derivative entered 4 years    
Aggregate notional amount of derivatives expired 56,000,000    
Swaps | Within 30 days.
     
Derivatives      
Aggregate notional amount of derivatives 287,832,000   25,828,000
Weighted Average Fixed-Pay Interest Rate (as a percent) 1.85%   3.88%
Weighted Average Variable Interest Rate (as a percent) 0.21%   0.28%
Swaps | Over 30 days to 3 months
     
Derivatives      
Aggregate notional amount of derivatives 239,443,000   30,185,000
Weighted Average Fixed-Pay Interest Rate (as a percent) 1.36%   3.96%
Weighted Average Variable Interest Rate (as a percent) 0.21%   0.26%
Swaps | Over 3 months to 6 months
     
Derivatives      
Aggregate notional amount of derivatives 357,012,000   527,275,000
Weighted Average Fixed-Pay Interest Rate (as a percent) 4.18%   1.63%
Weighted Average Variable Interest Rate (as a percent) 0.21%   0.21%
Swaps | Over 6 months to 12 months
     
Derivatives      
Aggregate notional amount of derivatives 75,902,000   391,063,000
Weighted Average Fixed-Pay Interest Rate (as a percent) 4.00%   4.17%
Weighted Average Variable Interest Rate (as a percent) 0.25%   0.22%
Swaps | Over 12 months to 24 months
     
Derivatives      
Aggregate notional amount of derivatives 1,053,361,000   685,042,000
Weighted Average Fixed-Pay Interest Rate (as a percent) 2.06%   2.28%
Weighted Average Variable Interest Rate (as a percent) 0.21%   0.22%
Swaps | Over 24 months to 36 months
     
Derivatives      
Aggregate notional amount of derivatives 350,000,000   710,171,000
Weighted Average Fixed-Pay Interest Rate (as a percent) 2.07%   1.97%
Weighted Average Variable Interest Rate (as a percent) 0.20%   0.21%
Swaps | Over 36 months to 48 months
     
Derivatives      
Aggregate notional amount of derivatives 150,000,000   150,000,000
Weighted Average Fixed-Pay Interest Rate (as a percent) 0.54%   1.03%
Weighted Average Variable Interest Rate (as a percent) 0.20%   0.21%
Agency MBS, at fair value | Derivative contracts
     
Derivatives      
Assets Pledged 57,119,000   68,915,000
Restricted cash | Derivative contracts
     
Derivatives      
Assets Pledged $ 5,017,000   $ 5,016,000