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STOCKHOLDERS' EQUITY (Details) (USD $)
3 Months Ended 12 Months Ended 1 Months Ended 2 Months Ended
Jan. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
May 31, 2013
Feb. 27, 2015
Stockholders' Equity [Line Items]            
Redemption preference premiums paid   $ 0us-gaap_PreferredStockRedemptionPremium $ 19,924,000us-gaap_PreferredStockRedemptionPremium $ 0us-gaap_PreferredStockRedemptionPremium    
Proceeds from issuance of common stock   0us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock 142,035,000us-gaap_ProceedsFromIssuanceOfCommonStock    
Preferred equity shares capital   18,180,000us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock 165,756,000us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock 4,479,000us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock    
Common stock repurchase program 100,000,000us-gaap_StockRepurchaseProgramAuthorizedAmount1          
Shares repurchased (in shares) 3,600,000us-gaap_StockRepurchasedDuringPeriodShares          
Value of stock repurchased 42,400,000us-gaap_StockRepurchasedDuringPeriodValue          
Cumulative Redeemable Preferred Stock, Series E [Member]            
Stockholders' Equity [Line Items]            
Redeemable preferred stock, shares issued (in shares)         6,800,000us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
 
Redeemable preferred stock, face value         170,000,000us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
 
Preferred stock dividend rate (in hundredths)         7.50%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
 
Redeemable preferred stock, liquidation preference per share (in dollars per share)         $ 25.00us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
 
Cash on hand used in capital transactions         42,700,000cmo_CashOnHandUsedInCapitalTransactions
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
 
Net proceeds         164,300,000us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
 
Convertible Preferred Stock [Member]            
Stockholders' Equity [Line Items]            
Cash used for redemption of preferred stock     207,000,000cmo_PaymentForRepurchaseOfPreferredStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ConvertiblePreferredStockMember
     
Redemption preference premiums paid     19,900,000us-gaap_PreferredStockRedemptionPremium
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ConvertiblePreferredStockMember
     
Reduction in income per share (in dollars per share)     $ 0.21cmo_ReductionInIncomePerShare
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ConvertiblePreferredStockMember
     
Shares (in shares)       309,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ConvertiblePreferredStockMember
   
Additional shares issued (in shares)       309,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ConvertiblePreferredStockMember
   
Preferred equity shares capital       4,500,000us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ConvertiblePreferredStockMember
   
Continuous Offering Program [Member]            
Stockholders' Equity [Line Items]            
Shares (in shares)       10,500,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
   
Proceeds from issuance of common stock       142,000,000us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
   
Additional shares issued (in shares)       10,500,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
   
Continuous Offering Program [Member] | Cumulative Redeemable Preferred Stock, Series E [Member]            
Stockholders' Equity [Line Items]            
Shares (in shares)   757,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
61,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
     
Net Issue Price (In dollars per share)   $ 24.01us-gaap_SharesIssuedPricePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
$ 23.78us-gaap_SharesIssuedPricePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
     
Net proceeds   18,180,000us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
1,447,000us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
     
Additional shares issued (in shares)   757,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
61,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
     
Continuous Offering Program [Member] | Cumulative Redeemable Preferred Stock, Series E [Member] | Subsequent Event [Member]            
Stockholders' Equity [Line Items]            
Shares (in shares)           222,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
Net Issue Price (In dollars per share)           $ 24.65us-gaap_SharesIssuedPricePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
Net proceeds           5,465,000us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
Additional shares issued (in shares)           222,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_SubsidiarySaleOfStockAxis
= cmo_ContinuousOfferingProgramMember
Directors And Employees [Member]            
Stockholders' Equity [Line Items]            
Additions to common equity capital related to equity-based awards   $ 1,900,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
/ us-gaap_TitleOfIndividualAxis
= cmo_DirectorsAndEmployeesMember
$ 1,800,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
/ us-gaap_TitleOfIndividualAxis
= cmo_DirectorsAndEmployeesMember
$ 4,400,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
/ us-gaap_TitleOfIndividualAxis
= cmo_DirectorsAndEmployeesMember