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Fair Value of Financial Instruments (Details) (USD $)
Sep. 30, 2011
Dec. 31, 2010
Assets:  
Agency MBS$ 7,519,002,000$ 5,980,623,000
Non-Agency MBS, including MBS transferred to consolidated VIEs3,889,310,0002,078,087,000
Linked Transactions64,494,000179,915,000
Derivative hedging instruments81,000 
Liabilities:  
Derivative hedging instruments134,712,000139,142,000
Recurring basis | Level 2
  
Assets:  
Agency MBS7,519,002,000 
Non-Agency MBS, including MBS transferred to consolidated VIEs3,889,310,000 
Linked Transactions64,494,000 
Derivative hedging instruments81,000 
Total assets carried at fair value11,472,887,000 
Liabilities:  
Derivative hedging instruments134,712,000 
Total liabilities carried at fair value134,712,000 
Recurring basis | Estimated fair value
  
Assets:  
Agency MBS7,519,002,000 
Non-Agency MBS, including MBS transferred to consolidated VIEs3,889,310,000 
Linked Transactions64,494,000 
Derivative hedging instruments81,000 
Total assets carried at fair value11,472,887,000 
Liabilities:  
Derivative hedging instruments134,712,000 
Total liabilities carried at fair value$ 134,712,000