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Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 24,519,000us-gaap_ProfitLoss $ (698,000)us-gaap_ProfitLoss $ 534,000us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Stock based compensation and equity plan amortization 142,000us-gaap_EmployeeBenefitsAndShareBasedCompensation 0us-gaap_EmployeeBenefitsAndShareBasedCompensation 0us-gaap_EmployeeBenefitsAndShareBasedCompensation
Realized and unrealized (gains) losses on mortgage-backed securities (14,159,000)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments 11,931,000us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments 1,114,000us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
Realized and unrealized loss on interest rate swaption (4,439,000)orc_SwaptionGain 0orc_SwaptionGain 0orc_SwaptionGain
Changes in operating assets and liabilities      
Accrued interest receivable (4,652,000)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet (1,119,000)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet (66,000)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Prepaid expenses and other assets (105,000)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (119,000)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 0us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accrued interest payable 536,000us-gaap_IncreaseDecreaseInInterestPayableNet 37,000us-gaap_IncreaseDecreaseInInterestPayableNet 43,000us-gaap_IncreaseDecreaseInInterestPayableNet
Accounts payable, accrued expenses and other 678,000us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities (60,000)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities 126,000us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
Due to affiliates 248,000us-gaap_IncreaseDecreaseInDueToRelatedParties 127,000us-gaap_IncreaseDecreaseInDueToRelatedParties 128,000us-gaap_IncreaseDecreaseInDueToRelatedParties
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES 11,646,000us-gaap_NetCashProvidedByUsedInOperatingActivities 10,099,000us-gaap_NetCashProvidedByUsedInOperatingActivities 1,879,000us-gaap_NetCashProvidedByUsedInOperatingActivities
From mortgage-backed securities investments      
Purchases (2,192,282,000)orc_PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading (687,584,000)orc_PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading (199,078,000)orc_PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
Sales 928,009,000orc_ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading 408,982,000orc_ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading 129,068,000orc_ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
Principal repayments 80,486,000orc_ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading 30,778,000orc_ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading 9,518,000orc_ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
Increase in restricted cash (5,344,000)us-gaap_IncreaseDecreaseInRestrictedCash (1,997,000)us-gaap_IncreaseDecreaseInRestrictedCash (358,000)us-gaap_IncreaseDecreaseInRestrictedCash
Purchase of interest rate swaptions, net of margin cash received 4,292,000us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities 0us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities 0us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
NET CASH USED IN INVESTING ACTIVITIES (1,193,423,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (249,821,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (60,850,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from repurchase agreements 7,663,332,000orc_ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase 3,319,670,000orc_ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase 581,462,000orc_ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
Principal payments on repurchase agreements (6,545,239,000)orc_PaymentsForSecuritiesSoldUnderAgreementsToRepurchase (3,105,054,000)orc_PaymentsForSecuritiesSoldUnderAgreementsToRepurchase (521,846,000)orc_PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
Cash dividends (22,643,000)us-gaap_PaymentsOfDividendsCommonStock (4,662,000)us-gaap_PaymentsOfDividendsCommonStock 0us-gaap_PaymentsOfDividendsCommonStock
Proceeds from issuance of common stock   35,400,000us-gaap_ProceedsFromIssuanceInitialPublicOffering  
Proceeds From Secondary Offering 171,295,000orc_ProceedsFromSecondaryOffering    
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,266,745,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 245,354,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 59,616,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
NET INCREASE IN CASH AND CASH EQUIVALENTS 84,968,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 5,632,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 645,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, beginning of the period 8,169,000us-gaap_CashAndCashEquivalentsAtCarryingValue 2,537,000us-gaap_CashAndCashEquivalentsAtCarryingValue  
CASH AND CASH EQUIVALENTS, end of the period 93,137,000us-gaap_CashAndCashEquivalentsAtCarryingValue 8,169,000us-gaap_CashAndCashEquivalentsAtCarryingValue 2,537,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:      
Interest 2,495,000us-gaap_InterestPaid 1,089,000us-gaap_InterestPaid 235,000us-gaap_InterestPaid
Income Taxes 0us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES:      
Dividends paid in shares of Class A Common Stock 0orc_DividendsPaidInShares 8,000orc_DividendsPaidInShares 0orc_DividendsPaidInShares
Issuance of common shares to repay amount due to Bimini Capital Management, Inc. $ 0orc_NonCashIssuanceOfCommonStock $ 0orc_NonCashIssuanceOfCommonStock $ 411,000orc_NonCashIssuanceOfCommonStock