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Consolidated Statement Of Assets, Liabilities And Equity (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Statement of Financial Position [Abstract]    
Investments at value, cost $ 1,902,651us-gaap_InvestmentOwnedAtCost $ 2,122,326us-gaap_InvestmentOwnedAtCost
Financial derivatives–assets, at fair value Net cost 78,599efc_DerivativesCost 61,560efc_DerivativesCost
Repurchase agreements, cost 45,073efc_RepurchaseAgreementsCost 172,001efc_RepurchaseAgreementsCost
Investments sold short at value, proceeds (1,193,569)us-gaap_InvestmentSoldNotYetPurchasedSaleProceeds (1,290,091)us-gaap_InvestmentSoldNotYetPurchasedSaleProceeds
Financial derivatives-liabilities, at fair value Net proceeds (37,184)efc_DerivativesProceeds (33,555)efc_DerivativesProceeds
Securitized debt proceeds $ (663)efc_SecuritizedDebtProceeds $ (749)efc_SecuritizedDebtProceeds
Common stock, par value      
Common stock, shares authorized 100,000,000us-gaap_CommonStockSharesAuthorized 100,000,000us-gaap_CommonStockSharesAuthorized
Common stock, shares issued 33,449,678us-gaap_CommonStockSharesIssued 33,449,678us-gaap_CommonStockSharesIssued
Common stock, shares outstanding 33,449,678efc_CommonSharesOutstanding 33,449,678efc_CommonSharesOutstanding