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Estimates of Contractually Required Payments Expected to be Collected and Fair Value (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Dec. 31, 2016
Non-Agency MBS acquired with credit deterioration:      
Total fair value of Non-Agency MBS $ 690,654 $ 690,654 $ 641,246
Total fair value of Non-Agency MBS (48,856) 49,408  
Non-Agency MBS      
Non-Agency MBS acquired with credit deterioration:      
Contractually required principal 716,092 716,092 599,279
Contractual principal not expected to be collected (non-accretable yield) (289,165) (289,165) (223,291)
Expected cash flows to be collected 426,927 426,927 375,988
Market yield adjustment 129,397 129,397 83,577
Unrealized gain, net 17,761 17,761 3,600
Fair value 574,085 574,085 463,165
Fair value of other Non-Agency MBS (without credit deterioration) 116,569 116,569 178,081
Total fair value of Non-Agency MBS 690,654 690,654 $ 641,246
Contractually required principal 3,412 116,813  
Contractual principal not expected to be collected (non-accretable yield) (11,799) (65,874)  
Expected cash flows to be collected (8,387) 50,939  
Market yield adjustment 9,298 45,820  
Unrealized gain, net 7,066 14,161  
Fair value 7,977 110,920  
Fair value of other Non-Agency MBS (without credit deterioration) $ (56,833) $ (61,512)