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Consolidated Statement Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
INVESTMENT INCOME    
Interest income $ 26,513us-gaap_InterestIncomeOperating $ 21,496us-gaap_InterestIncomeOperating [1]
Other investment income 293us-gaap_OtherOperatingIncome 0us-gaap_OtherOperatingIncome [1]
Total investment income 26,806us-gaap_InterestAndOtherIncome 21,496us-gaap_InterestAndOtherIncome [1]
EXPENSES    
Base management fee 2,952us-gaap_ManagementFeeExpense 2,364us-gaap_ManagementFeeExpense [1]
Interest expense 2,986us-gaap_InterestExpense 2,627us-gaap_InterestExpense [1]
Other investment related expenses 1,202efc_Otherinvestmentrelatedexpenses 430efc_Otherinvestmentrelatedexpenses [1]
Compensation expense 367us-gaap_LaborAndRelatedExpense 327us-gaap_LaborAndRelatedExpense [1]
Custody and other fees 428us-gaap_CustodyFees 408us-gaap_CustodyFees [1]
Professional fees 716us-gaap_ProfessionalFees 641us-gaap_ProfessionalFees [1]
Administration fees 339us-gaap_CostOfServices 293us-gaap_CostOfServices [1]
Insurance expense 177us-gaap_GeneralInsuranceExpense 189us-gaap_GeneralInsuranceExpense [1]
Directors' fees and expenses 74us-gaap_NoninterestExpenseDirectorsFees 73us-gaap_NoninterestExpenseDirectorsFees [1]
Share-based LTIP expense 98us-gaap_AllocatedShareBasedCompensationExpense 63us-gaap_AllocatedShareBasedCompensationExpense [1]
Total expenses 9,339us-gaap_OperatingExpenses 7,415us-gaap_OperatingExpenses [1]
NET INVESTMENT INCOME 17,467us-gaap_OperatingIncomeLoss 14,081us-gaap_OperatingIncomeLoss [1]
Net realized gain (loss) on:    
Investments 9,734efc_GainLossRealizedOnSaleOfInvestments 9,843efc_GainLossRealizedOnSaleOfInvestments [1]
Financial derivatives, excluding currency forwards (5,834)efc_NetRealizedGainLossonFinancialDerivativesexcludingcurrencyforwards 1,700efc_NetRealizedGainLossonFinancialDerivativesexcludingcurrencyforwards [1]
Financial derivatives-currency forwards 5,796efc_Netrealizedgainlossoncurrencyforwards (482)efc_Netrealizedgainlossoncurrencyforwards [1]
Foreign currency transactions 733us-gaap_ForeignCurrencyTransactionGainLossRealized 347us-gaap_ForeignCurrencyTransactionGainLossRealized [1]
Total net realized gain (loss) on investments, financial derivatives, and foreign currency transactions 10,429us-gaap_RealizedInvestmentGainsLosses 11,408us-gaap_RealizedInvestmentGainsLosses [1]
Change in net unrealized gain (loss) on:    
Investments 693us-gaap_UnrealizedGainLossOnInvestments (147)us-gaap_UnrealizedGainLossOnInvestments [1]
Financial derivatives, excluding currency forwards (2,644)efc_UnrealizedGainLossonFinancialDerivativesexcludingcurrencyforwards (2,602)efc_UnrealizedGainLossonFinancialDerivativesexcludingcurrencyforwards [1]
Financial derivatives-currency forwards (1,465)efc_UnrealizedGainLossonFinancialDerivativescurrencyforwards 163efc_UnrealizedGainLossonFinancialDerivativescurrencyforwards [1]
Foreign currency translation (5,063)us-gaap_ForeignCurrencyTransactionGainLossUnrealized (65)us-gaap_ForeignCurrencyTransactionGainLossUnrealized [1]
Total Change in Net Unrealized Gain Loss On Investments, Financial derivatives, and Foreign currency translation (8,479)efc_TotalNetUnrealizedGainLossOnInvestmentsFinancialDerivativesandForeignCurrencyTranslation (2,651)efc_TotalNetUnrealizedGainLossOnInvestmentsFinancialDerivativesandForeignCurrencyTranslation [1]
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS, FINANCIAL DERIVATIVES, AND FOREIGN CURRENCY TRANSACTIONS/TRANSLATION 1,950efc_NetRealizedAndUnrealizedGainLossOnInvestmentsAndFinancialDerivatives 8,757efc_NetRealizedAndUnrealizedGainLossOnInvestmentsAndFinancialDerivatives [1]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 19,417us-gaap_ProfitLoss 22,838us-gaap_ProfitLoss [1]
Net Income (Loss) Attributable to Noncontrolling Interest 156us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 203us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1]
Net Income (Loss) Attributable to Parent $ 19,261us-gaap_NetIncomeLoss $ 22,635us-gaap_NetIncomeLoss [1]
NET INCREASE IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS PER SHARE:    
Basic and Diluted (in usd per share) $ 0.57us-gaap_EarningsPerShareBasicAndDiluted $ 0.88us-gaap_EarningsPerShareBasicAndDiluted [1]
[1] Conformed to current period presentation.