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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Series B Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Balance (in shares) at Dec. 31, 2013   8,000,000 365,125,000      
Balance at Dec. 31, 2013 $ 3,142,251 $ 80 $ 3,651 $ 2,972,369 $ (571,544) $ 737,695
Increase (Decrease) in Stockholders' Equity            
Cumulative effect adjustment on adoption of revised accounting standard for repurchase agreement financing 0         0
Net income 313,504       313,504  
Issuance of common stock, net of expenses (in shares)     5,305,000      
Issuance of common stock, net of expenses 35,640   $ 50 35,590    
Repurchase of shares of common stock (in shares) [1]     (346,000)      
Repurchase of shares of common stock [1] (2,688)   $ 0 (2,688)    
Equity based compensation expense 8,581     8,581    
Accrued dividends attributable to stock-based awards (218)     (218)    
Dividends declared on common stock (294,792)       (294,792)  
Dividends declared on preferred stock (15,000)       (15,000)  
Dividends attributable to dividend equivalents (764)       (764)  
Change in unrealized gains/(losses) on MBS and CRT securities, net 60,603         60,603
Change in unrealized gains/(losses) on derivative hedging instruments, net (43,845)         (43,845)
Balance (in shares) at Dec. 31, 2014   8,000,000 370,084,000      
Balance at Dec. 31, 2014 3,203,272 $ 80 $ 3,701 3,013,634 (568,596) 754,453
Increase (Decrease) in Stockholders' Equity            
Cumulative effect adjustment on adoption of revised accounting standard for repurchase agreement financing 4,537       (4,537) 4,537
Net income 313,226       313,226  
Issuance of common stock, net of expenses (in shares)     809,000      
Issuance of common stock, net of expenses 1,221   $ 5 1,216    
Repurchase of shares of common stock (in shares) [1]     (309,000)      
Repurchase of shares of common stock [1] (2,273)     (2,273)    
Equity based compensation expense 7,829     7,829    
Accrued dividends attributable to stock-based awards (450)     (450)    
Dividends declared on common stock (296,384)       (296,384)  
Dividends declared on preferred stock (15,000)       (15,000)  
Dividends attributable to dividend equivalents (1,041)       (1,041)  
Change in unrealized gains/(losses) on MBS and CRT securities, net (232,802)         (232,802)
Change in unrealized gains/(losses) on derivative hedging instruments, net (10,337)         (10,337)
Balance (in shares) at Dec. 31, 2015   8,000,000 370,584,000      
Balance at Dec. 31, 2015 2,967,261 $ 80 $ 3,706 3,019,956 (572,332) 515,851
Increase (Decrease) in Stockholders' Equity            
Cumulative effect adjustment on adoption of revised accounting standard for repurchase agreement financing 0         0
Net income 312,668       312,668  
Issuance of common stock, net of expenses (in shares)     1,758,000      
Issuance of common stock, net of expenses 4,660   $ 13 4,647    
Repurchase of shares of common stock (in shares) [1]     (488,000)      
Repurchase of shares of common stock [1] (3,551)     (3,551)    
Equity based compensation expense 8,695     8,695    
Accrued dividends attributable to stock-based awards (685)     (685)    
Dividends declared on common stock (297,046)       (297,046)  
Dividends declared on preferred stock (15,000)       (15,000)  
Dividends attributable to dividend equivalents (931)       (931)  
Change in unrealized gains/(losses) on MBS and CRT securities, net 35,153         35,153
Change in unrealized gains/(losses) on derivative hedging instruments, net 22,678         22,678
Balance (in shares) at Dec. 31, 2016   8,000,000 371,854,000      
Balance at Dec. 31, 2016 $ 3,033,902 $ 80 $ 3,719 $ 3,029,062 $ (572,641) $ 573,682
[1] For the year ended December 31, 2016, includes approximately $3.6 million (487,559 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2015, includes approximately $2.3 million (309,206 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2014, includes approximately $2.7 million (345,559 shares) surrendered for tax purposes related to equity-based compensation awards.