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Agency MBS and Non-Agency MBS, which are Carried at Fair Value (Detail) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Schedule Of Available For Sale Securities [Line Items]    
Paydowns receivable $ 31,130 $ 24,707
Fair value 641,246 682,061
Agency MBS    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 3,882,611 4,844,932
Paydowns receivable [1] 31,130 [2] 24,707 [3]
Unrealized gains 46,724 61,405
Unrealized losses (35,272) (38,262)
Available-for-sale Securities, Total 3,925,193 4,892,782
Agency MBS | Hybrids    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 1,106,680 1,926,775
Paydowns receivable [1] 14,966 [2] 16,947 [3]
Unrealized gains 1,096 2,812
Unrealized losses (12,156) (25,347)
Available-for-sale Securities, Total 1,110,586 1,921,187
Agency MBS | 15-Year Fixed-Rate    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 872,741 [4] 653,246
Paydowns receivable [1] 0 [2],[4] 0 [3]
Unrealized gains 1,142 [4] 1,920
Unrealized losses (19,927) [4] (8,208)
Available-for-sale Securities, Total 853,956 [4] 646,958
Agency MBS | 20-Year and 30-Year Fixed-Rate    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 140,640 178,424
Paydowns receivable [1] 0 [2] 0 [3]
Unrealized gains 4,420 6,807
Unrealized losses (27) 0
Available-for-sale Securities, Total 145,033 185,231
Agency MBS | Ginnie Mae    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 8,601 10,118
Paydowns receivable [1] 0 [2] 0 [3]
Unrealized gains 3 3
Unrealized losses (130) (156)
Available-for-sale Securities, Total 8,474 9,965
Agency MBS | Freddie Mac    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 1,709,839 1,976,155
Paydowns receivable [1] 31,130 [2] 24,707 [3]
Unrealized gains 10,652 12,922
Unrealized losses (22,301) (23,689)
Available-for-sale Securities, Total 1,729,320 1,990,095
Agency MBS | Fannie Mae    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 2,164,171 2,858,659
Paydowns receivable [1] 0 [2] 0 [3]
Unrealized gains 36,069 48,480
Unrealized losses (12,841) (14,417)
Available-for-sale Securities, Total 2,187,399 2,892,722
Agency MBS | ARMs    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 1,762,550 2,086,487
Paydowns receivable [1] 16,164 [2] 7,760 [3]
Unrealized gains 40,066 49,866
Unrealized losses (3,162) (4,707)
Available-for-sale Securities, Total 1,815,618 2,139,406
MBS    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 4,522,314 5,524,516
Paydowns receivable [1] 31,136 [2] 24,819 [3]
Unrealized gains 58,723 69,300
Unrealized losses (45,734) (43,792)
Available-for-sale Securities, Total 4,566,439 5,574,843
Non-Agency MBS    
Schedule Of Available For Sale Securities [Line Items]    
Amortized cost 639,703 679,584
Paydowns receivable [1] 6 [2] 112 [3]
Unrealized gains 11,999 7,895
Unrealized losses (10,462) (5,530)
Fair value $ 641,246 $ 682,061
[1] Paydowns receivable on Agency MBS are generated when the Company receives notice from Freddie Mac of prepayments but does not receive the actual cash with respect to such prepayments until the 15th day of the following month.
[2] Paydowns receivable on Non-Agency MBS represent when we receive notice of prepayments but do not receive the actual cash until the following month.
[3] Paydowns receivable on Non-Agency MBS represent when we receive notice of prepayments but do not receive the actual cash until the following month
[4] Included in the fair value of the 15-year fixed-rate Agency MBS was approximately $483.2 million held as trading investments.