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Consolidated Statement Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
INVESTMENT INCOME      
Interest income $ 93,533us-gaap_InterestIncomeOperating $ 85,740us-gaap_InterestIncomeOperating $ 63,857us-gaap_InterestIncomeOperating
Other investment income 318us-gaap_OtherOperatingIncome 0us-gaap_OtherOperatingIncome 0us-gaap_OtherOperatingIncome
Total investment income 93,851us-gaap_InterestAndOtherIncome 85,740us-gaap_InterestAndOtherIncome 63,857us-gaap_InterestAndOtherIncome
EXPENSES      
Base management fee 10,751us-gaap_ManagementFeeExpense 9,115us-gaap_ManagementFeeExpense 6,835us-gaap_ManagementFeeExpense
Incentive fee 1,400us-gaap_IncentiveFeeExpense 8,366us-gaap_IncentiveFeeExpense 19,145us-gaap_IncentiveFeeExpense
Interest expense 9,927us-gaap_InterestExpense 11,025us-gaap_InterestExpense 7,799us-gaap_InterestExpense
Other investment related expenses 4,689efc_Otherinvestmentrelatedexpenses 496efc_Otherinvestmentrelatedexpenses 0efc_Otherinvestmentrelatedexpenses
Compensation expense 1,182us-gaap_LaborAndRelatedExpense 1,721us-gaap_LaborAndRelatedExpense 1,308us-gaap_LaborAndRelatedExpense
Custody and other fees 1,853us-gaap_CustodyFees 1,308us-gaap_CustodyFees 1,154us-gaap_CustodyFees
Professional fees 2,795us-gaap_ProfessionalFees 1,783us-gaap_ProfessionalFees 1,386us-gaap_ProfessionalFees
Agency and administration fees 1,231us-gaap_CostOfServices 1,133us-gaap_CostOfServices 923us-gaap_CostOfServices
Insurance expense 734us-gaap_GeneralInsuranceExpense 706us-gaap_GeneralInsuranceExpense 720us-gaap_GeneralInsuranceExpense
Directors' fees and expenses 271us-gaap_NoninterestExpenseDirectorsFees 253us-gaap_NoninterestExpenseDirectorsFees 265us-gaap_NoninterestExpenseDirectorsFees
Share-based LTIP expense 267us-gaap_AllocatedShareBasedCompensationExpense 179us-gaap_AllocatedShareBasedCompensationExpense 135us-gaap_AllocatedShareBasedCompensationExpense
Total expenses 35,100us-gaap_OperatingExpenses 36,085us-gaap_OperatingExpenses 39,670us-gaap_OperatingExpenses
NET INVESTMENT INCOME 58,751us-gaap_OperatingIncomeLoss 49,655us-gaap_OperatingIncomeLoss 24,187us-gaap_OperatingIncomeLoss
Net realized gain (loss) on:      
Investments 16,859efc_GainLossRealizedOnSaleOfInvestments 39,485efc_GainLossRealizedOnSaleOfInvestments 23,550efc_GainLossRealizedOnSaleOfInvestments
Financial derivatives (11,211)efc_NetRealizedGainLossOnDerivatives (21,479)efc_NetRealizedGainLossOnDerivatives (34,797)efc_NetRealizedGainLossOnDerivatives
Foreign currency transactions (1,486)us-gaap_ForeignCurrencyTransactionGainLossRealized (4)us-gaap_ForeignCurrencyTransactionGainLossRealized 0us-gaap_ForeignCurrencyTransactionGainLossRealized
Total net realized gain (loss) on investments, financial derivatives, and foreign currency transactions 4,162us-gaap_RealizedInvestmentGainsLosses 18,002us-gaap_RealizedInvestmentGainsLosses (11,247)us-gaap_RealizedInvestmentGainsLosses
Change in net unrealized gain (loss) on:      
Investments 6,258us-gaap_UnrealizedGainLossOnInvestments (1,819)us-gaap_UnrealizedGainLossOnInvestments 70,789us-gaap_UnrealizedGainLossOnInvestments
Financial derivatives (8,272)us-gaap_UnrealizedGainLossOnDerivatives 13,482us-gaap_UnrealizedGainLossOnDerivatives 13,417us-gaap_UnrealizedGainLossOnDerivatives
Foreign currency translation (950)us-gaap_ForeignCurrencyTransactionGainLossUnrealized 42us-gaap_ForeignCurrencyTransactionGainLossUnrealized 0us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Total Change in Net Unrealized Gain Loss On Investments, Financial derivatives, and Foreign currency translation (2,964)efc_TotalNetUnrealizedGainLossOnInvestmentsFinancialDerivativesandForeignCurrencyTranslation 11,705efc_TotalNetUnrealizedGainLossOnInvestmentsFinancialDerivativesandForeignCurrencyTranslation 84,206efc_TotalNetUnrealizedGainLossOnInvestmentsFinancialDerivativesandForeignCurrencyTranslation
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS, FINANCIAL DERIVATIVES, AND FOREIGN CURRENCY TRANSACTIONS/TRANSLATION 1,198efc_NetRealizedAndUnrealizedGainLossOnInvestmentsAndFinancialDerivatives 29,707efc_NetRealizedAndUnrealizedGainLossOnInvestmentsAndFinancialDerivatives 72,959efc_NetRealizedAndUnrealizedGainLossOnInvestmentsAndFinancialDerivatives
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 59,949us-gaap_ProfitLoss 79,362us-gaap_ProfitLoss 97,146us-gaap_ProfitLoss
Net Income (Loss) Attributable to Noncontrolling Interest 782us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 838us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net Income (Loss) Attributable to Parent $ 59,167us-gaap_NetIncomeLoss $ 78,524us-gaap_NetIncomeLoss $ 97,146us-gaap_NetIncomeLoss
NET INCREASE IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS PER SHARE:      
Basic and Diluted (in usd per share) $ 2.09us-gaap_EarningsPerShareBasicAndDiluted $ 3.28us-gaap_EarningsPerShareBasicAndDiluted $ 5.31us-gaap_EarningsPerShareBasicAndDiluted