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MBS (Details 2) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2012
Security
Sep. 30, 2011
Sep. 30, 2012
Security
Sep. 30, 2011
Sep. 30, 2012
Discount Designated as Credit Reserve and OTTI
Sep. 30, 2011
Discount Designated as Credit Reserve and OTTI
Sep. 30, 2012
Discount Designated as Credit Reserve and OTTI
Sep. 30, 2011
Discount Designated as Credit Reserve and OTTI
Sep. 30, 2012
Accretable Discount
Sep. 30, 2011
Accretable Discount
Sep. 30, 2012
Accretable Discount
Sep. 30, 2011
Accretable Discount
Sep. 30, 2012
Low end of range
Sep. 30, 2012
Low end of range
Sep. 30, 2012
Agency MBS
Security
Sep. 30, 2011
Agency MBS
Sep. 30, 2012
Agency MBS
Security
Sep. 30, 2011
Agency MBS
Sep. 30, 2012
Agency MBS
Fannie Mae.
Security
Dec. 31, 2011
Agency MBS
Fannie Mae.
Sep. 30, 2012
Agency MBS
Freddie Mac.
Security
Dec. 31, 2011
Agency MBS
Freddie Mac.
Sep. 30, 2012
Non-Agency MBS
Security
Sep. 30, 2011
Non-Agency MBS
Sep. 30, 2012
Non-Agency MBS
Security
Sep. 30, 2011
Non-Agency MBS
Sep. 30, 2011
Non-Agency MBS
Weighted average
Sep. 30, 2012
Non-Agency MBS
Weighted average
Sep. 30, 2011
Non-Agency MBS
Weighted average
Sep. 30, 2011
Non-Agency MBS
Low end of range
Sep. 30, 2012
Non-Agency MBS
Low end of range
Sep. 30, 2011
Non-Agency MBS
Low end of range
Sep. 30, 2011
Non-Agency MBS
High end of range
Sep. 30, 2012
Non-Agency MBS
High end of range
Sep. 30, 2011
Non-Agency MBS
High end of range
Sep. 30, 2012
Non-Agency MBS
Rated AAA
Dec. 31, 2011
Non-Agency MBS
Rated AAA
Sep. 30, 2012
Non-Agency MBS
Rated AA
Security
Dec. 31, 2011
Non-Agency MBS
Rated AA
Sep. 30, 2012
Non-Agency MBS
Rated A
Security
Dec. 31, 2011
Non-Agency MBS
Rated A
Sep. 30, 2012
Non-Agency MBS
Rated BBB
Security
Dec. 31, 2011
Non-Agency MBS
Rated BBB
Sep. 30, 2012
Non-Agency MBS
Rated BB
Security
Dec. 31, 2011
Non-Agency MBS
Rated BB
Sep. 30, 2012
Non-Agency MBS
Rated B
Security
Dec. 31, 2011
Non-Agency MBS
Rated B
Sep. 30, 2012
Non-Agency MBS
Rated CCC
Security
Dec. 31, 2011
Non-Agency MBS
Rated CCC
Sep. 30, 2012
Non-Agency MBS
Rated CC
Security
Dec. 31, 2011
Non-Agency MBS
Rated CC
Sep. 30, 2012
Non-Agency MBS
Rated C
Security
Dec. 31, 2011
Non-Agency MBS
Rated C
Sep. 30, 2012
Non-Agency MBS
Unrated and other
Security
Dec. 31, 2011
Non-Agency MBS
Unrated and other
Fair Value                                                                                                              
Less than 12 months $ 124,316,000   $ 124,316,000                       $ 117,361,000   $ 117,361,000   $ 117,361,000       $ 6,955,000   $ 6,955,000                                             $ 6,955,000              
12 months or more 531,581,000   531,581,000                       48,133,000   48,133,000   45,376,000   2,757,000   483,448,000   483,448,000                         39,000   22,214,000   1,282,000   30,000,000   97,342,000   72,474,000   48,847,000   74,379,000   136,871,000  
Total 655,897,000   655,897,000                       165,494,000   165,494,000   162,737,000   2,757,000   490,403,000   490,403,000                         39,000   22,214,000   1,282,000   30,000,000   97,342,000   79,429,000   48,847,000   74,379,000   136,871,000  
Unrealized Losses                                                                                                              
Less than 12 months 232,000   232,000                       214,000   214,000   214,000       18,000   18,000                                             18,000              
12 months or more 13,934,000   13,934,000                       747,000   747,000   735,000   12,000   13,187,000   13,187,000                         8,000   1,143,000   167,000   1,053,000   2,243,000   3,337,000   672,000   1,677,000   2,887,000  
Total 14,166,000   14,166,000                       961,000   961,000   949,000   12,000   13,205,000   13,205,000                         8,000   1,143,000   167,000   1,053,000   2,243,000   3,355,000   672,000   1,677,000   2,887,000  
Number of Securities                                                                                                              
Less than 12 months (in security) 24   24                       23   23   23       1   1                                             1              
12 months or more (in security) 61   61                       11   11   10   1   50   50                         1   2   2   5   8   8   5   5   14  
Credit-related OTTI losses recognized during the period   3,991,000 1,200,000 6,383,000                                       4,000,000 1,200,000 6,400,000                                                          
OTTI charges recorded                                                                                                              
Total OTTI losses   (14,913,000) (879,000) (15,550,000)                                                                                                      
OTTI recognized in/(reclassified from) other comprehensive income   10,922,000 (321,000) 9,167,000                                                                                                      
OTTI recognized in earnings   (3,991,000) (1,200,000) (6,383,000)                                       (4,000,000) (1,200,000) (6,400,000)                                                          
Roll-forward of the credit loss component of OTTI                                                                                                              
Credit loss component of OTTI at beginning of period 36,115,000   34,915,000                                                                                                        
Additions for credit related OTTI not previously recognized     458,000                                                                                                        
Subsequent additional credit related OTTI recorded     742,000                                                                                                        
Credit loss component of OTTI at end of period 36,115,000   36,115,000                                                                                                        
Significant inputs considered and assumptions made in determining the measurement of the component of OTTI recorded in earnings                                                                                                              
Credit enhancement (as a percent)                                                     2.70% 3.26% 3.02% 0.00% 0.00% 0.00% 10.40% 16.50% 13.30%                                        
Projected CPR (as a percent)                                                     11.00% 9.90% 10.90% 6.90% 9.10% 1.90% 12.20% 13.30% 12.20%                                        
Projected Loss Severity (as a percent)                                                     56.10% 55.50% 53.60% 46.10% 45.90% 41.90% 70.00% 60.00% 70.00%                                        
60+ days delinquent (as a percent)                                                     21.40% 24.40% 21.30% 9.10% 18.20% 7.30% 36.70% 32.40% 36.70%                                        
Number of days considered to classify loans delinquent                         60 days 60 days                                                                                  
Changes in the components of the purchase discount on Non-Agency MBS                                                                                                              
Balance at beginning of period         (1,440,752,000) (1,174,890,000) (1,228,766,000) (746,678,000) (265,137,000) (222,930,000) (250,479,000) (228,966,000)                                                                                      
Accretion of discount                 8,816,000 10,785,000 28,107,000 33,107,000                                                                                      
Realized credit losses         49,314,000 10,735,000 107,229,000 20,612,000                                                                                              
Purchases         (122,266,000) (29,141,000) (370,649,000) (360,655,000) 4,554,000 (16,198,000) (3,883,000) (19,035,000)                                                                                      
Reclassification adjustment for OTTI             866,000 101,000     (866,000) (101,000)                                                                                      
Net impairment losses recognized in earnings           (3,991,000) (1,200,000) (6,383,000)                                                                                              
Unlinking of Linked Transactions           (10,419,000) (38,662,000) (116,489,000) (2,256,000) (61,000) (9,424,000) (11,623,000)                                                                                      
Transfers/release of credit reserve         54,053,000 11,305,000 71,531,000 13,091,000 (54,053,000) (11,305,000) (71,531,000) (13,091,000)                                                                                      
Balance at end of period         (1,459,651,000) (1,196,401,000) (1,459,651,000) (1,196,401,000) (308,076,000) (239,709,000) (308,076,000) (239,709,000)                                                                                      
Accumulated other comprehensive income from MBS:                                                                                                              
Balance at the beginning of the period 296,007,000 292,376,000 55,491,000 393,822,000                         216,256,000   230,940,000 193,417,000 26,436,000 22,513,000     (160,765,000)                     1,110,000 (245,000) (8,000) (14,000) (1,143,000) (4,175,000) 1,814,000 (4,681,000) 1,403,000 (4,785,000) 14,793,000 (22,921,000) 104,254,000 (19,020,000) 42,251,000 (23,790,000) 81,398,000 (72,822,000) 260,850,000 (8,312,000)
Unrealized gain on Agency MBS, net 61,999,000 12,035,000 47,169,000 50,092,000                                                                                                      
Unrealized gain/(loss) on Non-Agency MBS, net 409,742,000 (109,294,000) 666,287,000 (250,845,000)                                                                                                      
Reclassification adjustment for MBS sales included in net income (3,130,000) (4,525,000) (5,529,000) (4,869,000)                                                                                                      
Reclassification adjustment for OTTI included in net income   3,991,000 1,200,000 6,383,000                                                                                                      
Change in accumulated other comprehensive income/(loss) from MBS 468,611,000 (97,793,000) 709,127,000 (199,239,000)                                                                                                      
Balance at the end of period 764,618,000 194,583,000 764,618,000 194,583,000                     257,896,000   257,896,000   230,940,000 193,417,000 26,436,000 22,513,000 506,722,000   506,722,000                     1,110,000 (245,000) (8,000) (14,000) (1,143,000) (4,175,000) 1,814,000 (4,681,000) 1,403,000 (4,785,000) 14,793,000 (22,921,000) 104,254,000 (19,020,000) 42,251,000 (23,790,000) 81,398,000 (72,822,000) 260,850,000 (8,312,000)
Purchase discount pertaining to linked transactions designated as accretable purchase discount reallocated to credit reserve                                             54,000 1,100,000 575,000 309,000                                                          
Sales of MBS                                                                                                              
Amount of MBS sold                             66,000,000   137,100,000 76,500,000                                                                          
Gross gains on sale of MBS                             4,300,000   7,200,000 4,200,000                                                                          
MBS Interest Income                                                                                                              
Coupon interest                             61,978,000 70,654,000 187,963,000 212,703,000         69,139,000 60,038,000 196,144,000 153,563,000                                                          
Effective yield adjustment                             (14,780,000) (10,697,000) (37,915,000) (26,589,000)         8,760,000 10,746,000 27,913,000 32,970,000                                                          
Interest on mortgage backed securities                             $ 47,198,000 $ 59,957,000 $ 150,048,000 $ 186,114,000         $ 77,899,000 $ 70,784,000 $ 224,057,000 $ 186,533,000