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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net income (loss) $ (92,397) $ 143,053 $ (164,946) $ 230,718
Unrealized gain (loss) on mortgage-back securities        
Change in fair value 273,222 (705,300) 442,689 (768,723)
Reclassification adjustments for (gain) loss included in gain (loss) on sale of investments, net 20,766 (5,692) 32,484 (12,404)
Unrealized gain (loss) on mortgage-backed securities, net 293,988 (710,992) 475,173 (781,127)
Unrealized gain (loss) on derivatives        
Change in fair value 0 274,660 0 257,489
Unrealized gain on derivatives, net 21,532 312,069 42,828 330,459
Total Other comprehensive income (loss) 315,520 (398,923) 518,001 (450,668)
Comprehensive income 223,123 (255,870) 353,055 (219,950)
Less: Comprehensive (income) loss attributable to non-controlling interest (2,553) 2,662 (4,036) 2,258
Less: Dividends to preferred shareholders (2,712) (2,713) (5,425) (5,425)
Comprehensive income attributable to common shareholders 217,858 (255,921) 343,594 (223,117)
Gain (loss) on interest rate derivative instruments
       
Unrealized gain (loss) on derivatives        
Reclassification adjustments for loss included in gain (loss) on interest rate derivative instruments, net 0 37,409 0 72,970
Repurchase agreements interest expense
       
Unrealized gain (loss) on derivatives        
Reclassification adjustments for loss included in gain (loss) on interest rate derivative instruments, net $ 21,532 $ 0 $ 42,828 $ 0