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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Common Stock, Par Value $.01:
Additional Paid-in Capital, in excess of Par:
Accumulated Deficit:
Accumulated Other Comprehensive Income/(Loss):
Series A Preferred Stock
Preferred Stock [Member]
Series A Preferred Stock
Additional Paid-in Capital, in excess of Par:
Series B Preferred Stock
Preferred Stock [Member]
Series B Preferred Stock
Additional Paid-in Capital, in excess of Par:
Balance at Dec. 31, 2010   $ 2,805 $ 2,184,493 $ (191,569) $ 254,680 $ 38   $ 0  
Balance (in shares) at Dec. 31, 2010   280,481,000       3,840,000   0  
Increase (Decrease) in Stockholders' Equity                  
Redemption of Series A Preferred Stock           0 0    
Redemption of Series A Preferred Stock (in shares)           0      
Issuance of stock, net of expenses   756 [1] 607,047 [1]         0 0
Issuance of common stock, net of expenses (in shares)   75,631,000 [1]           0  
Repurchase of shares of common stock [1]   0 0            
Repurchase of shares of common stock (in shares) [1]   0              
Shares issued for common stock option exercises     0            
Equity-based compensation expense     4,385            
Net income 316,414     316,414          
Dividends declared on common stock       (358,104)          
Dividends declared on preferred stock (8,160)     (8,160)          
Dividends attributable to DERs       (1,642)          
Issuance costs of redeemed Preferred Stock       0          
Change in unrealized (losses)/gains on MBS, net (338,331)       (338,331)        
Change in unrealized gains on derivative hedging instruments, net         24,948        
Balance at Dec. 31, 2011 2,497,760 3,561 2,795,925 (243,061) (58,703) 38   0  
Balance (in shares) at Dec. 31, 2011   356,112,000       3,840,000   0  
Increase (Decrease) in Stockholders' Equity                  
Redemption of Series A Preferred Stock           0 0    
Redemption of Series A Preferred Stock (in shares)           0      
Issuance of stock, net of expenses   30 [1] 15,432 [1]         0 0
Issuance of common stock, net of expenses (in shares)   2,966,000 [1]           0  
Repurchase of shares of common stock [1]   (16) (12,156)            
Repurchase of shares of common stock (in shares) [1]   (1,532,000)              
Shares issued for common stock option exercises     35            
Equity-based compensation expense     6,488            
Net income 306,839     306,839          
Dividends declared on common stock       (314,553)          
Dividends declared on preferred stock (8,160)     (8,160)          
Dividends attributable to DERs       (1,373)          
Issuance costs of redeemed Preferred Stock       0          
Change in unrealized (losses)/gains on MBS, net 769,317       769,317        
Change in unrealized gains on derivative hedging instruments, net         51,363        
Balance at Dec. 31, 2012 3,311,006 3,575 2,805,724 (260,308) 761,977 38   0  
Balance (in shares) at Dec. 31, 2012   357,546,000       3,840,000   0  
Increase (Decrease) in Stockholders' Equity                  
Redemption of Series A Preferred Stock           (38) (92,015)    
Redemption of Series A Preferred Stock (in shares)           (3,840,000)      
Issuance of stock, net of expenses   97 [1] 77,528 [1]         80 193,236
Issuance of common stock, net of expenses (in shares)   9,855,000 [1]           8,000,000  
Repurchase of shares of common stock [1]   (21) (16,260)            
Repurchase of shares of common stock (in shares) [1]   (2,276,000)              
Shares issued for common stock option exercises     0            
Equity-based compensation expense     4,156            
Net income 302,709     302,709          
Dividends declared on common stock       (594,318)          
Dividends declared on preferred stock (13,750)     (13,750)          
Dividends attributable to DERs       (1,930)          
Issuance costs of redeemed Preferred Stock       (3,947)          
Change in unrealized (losses)/gains on MBS, net (71,896)       (71,896)        
Change in unrealized gains on derivative hedging instruments, net         47,614        
Balance at Dec. 31, 2013 $ 3,142,251 $ 3,651 $ 2,972,369 $ (571,544) $ 737,695 $ 0   $ 80  
Balance (in shares) at Dec. 31, 2013   365,125,000       0   8,000,000  
[1] For the year ended December 31, 2013, includes approximately $15.4 million (2,143,354 shares) repurchased through the Company’s publicly announced stock repurchase program and approximately $849,000 (132,276 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2012, includes approximately $9.7 million (1,240,291 shares) repurchased through the Company’s publicly announced stock repurchase program and approximately $2.5 million (291,803 shares) surrendered for tax purposes related to equity-based compensation awards.