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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net income $ 79,510 $ 78,882 $ 239,754 $ 233,796
Other Comprehensive (Loss)/Income:        
Reclassification adjustment for MBS sales included in net income (11,363) (13,589) (26,414) (21,180)
Reclassification adjustment for other-than-temporary impairments included in net income 0 0 (705) 0
Unrealized (loss)/gain on derivative hedging instruments, net (40,884) 23,500 (46,393) (16,401)
Reclassification of unrealized loss on de-designated derivative hedging instruments 0 0 0 447
Cumulative effect adjustment on adoption of revised accounting standard for repurchase agreement financing 0 0 4,537 0
Other Comprehensive (Loss)/Income (96,286) (33,499) (156,159) 79,839
Comprehensive (loss)/income before preferred stock dividends (16,776) 45,383 83,595 313,635
Dividends declared on preferred stock (3,750) (3,750) (11,250) (11,250)
Comprehensive (Loss)/Income Available to Common Stock and Participating Securities (20,526) 41,633 72,345 302,385
Agency Mortgage Backed Securities        
Other Comprehensive (Loss)/Income:        
Unrealized (loss)/gain on MBS, net (2,028) (14,937) (14,393) 46,000
Non-Agency MBS        
Other Comprehensive (Loss)/Income:        
Unrealized (loss)/gain on MBS, net $ (42,011) $ (28,473) $ (72,791) $ 70,973