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Collateral Positions (Details) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged $ 10,620,406 $ 11,410,397
Collateral Held 510,767 507,443
Derivative Hedging Instruments    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 86,317 109,142
Collateral Held 0 0
Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 10,306,845 9,688,779
Collateral Held 0 0
Federal Home Loan Bank Advances    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 227,244 1,612,476
Collateral Held 0 0
Reverse Repurchase Agreements    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 0 0
Collateral Held 510,767 507,443
Agency MBS | Derivative Hedging Instruments    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 32,468 38,569
Collateral Held 0 0
Agency MBS | Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 3,280,689 2,881,049
Collateral Held 0 0
Agency MBS | Federal Home Loan Bank Advances    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 227,244 1,612,476
Collateral Held 0 0
Legacy Non-Agency MBS | Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 2,317,708 2,818,968
Collateral Held 0 0
3 Year Step-up securities | Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 2,660,491 2,625,866
Collateral Held 0 0
U.S. Treasury securities | Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 510,767 507,443
Collateral Held 0 0
U.S. Treasury securities | Reverse Repurchase Agreements    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 0 0
Collateral Held 510,767 507,443
CRT securities | Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 357,488 170,352
Collateral Held 0 0
Residential whole loans | Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 1,175,088 684,136
Collateral Held 0 0
Cash | Derivative Hedging Instruments    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 53,849 70,573
Collateral Held 0 0
Cash | Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Assets Pledged 4,614 965
Collateral Held 0 0
Non-Agency MBS | Repurchase Agreement Borrowings    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]    
Non-Agency MBS acquired from consolidated VIEs 172,400 570,500
Non-Agency MBS pledged as collateral in connection with contemporaneous repurchase and reverse repurchase agreements entered into with a single counterparty $ 688,200 $ 726,700