Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

The following table rolls forward the components of AOCI, including reclassification adjustments, for the year ended December 31, 2014.

	Unrealized gain/(loss) on available for sale MBS			Unrealized gain/(loss) on unsettled MBS			Unrealized gain/(loss) on other investments			Unrealized gain/(loss) on derivative instruments			Total
Accumulated other comprehensive income     (loss) at January 1, 2014	$	109,490		$	-		$	(627	)	$	(116,915	)	$	(8,052	)
Other comprehensive income (loss) before     reclassification		127,946			558			32			11,789			140,325
Balance Sheet Reclassification:
Amount reclassified to MBS available for sale		-			(516	)		-			(7,011	)		(7,527	)
Income Statement Reclassification:
Amounts reclassified to net gain on the sale     of MBS		(5,196	)		-			-			-			(5,196	)
Amounts reclassified for termination of all-     in-one cash flow hedge accounting     on dollar roll TBAs		-			-			-			5,083			5,083
Amounts reclassified to interest expense		-			-			-			81,132			81,132
Net current period other comprehensive     income (loss)		122,750			42			32			90,993			213,817
Accumulated other comprehensive income     (loss) at December 31, 2014	$	232,240		$	42		$	(595	)	$	(25,922	)	$	205,765

The following table rolls forward the components of AOCI, including reclassification adjustments, for the year ended December 31, 2013.

	Unrealized gain/(loss) on available for sale MBS			Unrealized gain/(loss) on unsettled MBS			Unrealized gain/(loss) on other investments			Unrealized gain/(loss) on derivative instruments			Total
Accumulated other comprehensive income     (loss) at January 1, 2013	$	499,343		$	1,217		$	(107	)	$	(237,599	)	$	262,854
Other comprehensive income (loss) before     reclassification		(680,967	)		642			(520	)		(21,054	)		(701,899	)
Balance Sheet Reclassification:
Amount reclassified to MBS available for sale		-			(1,859	)		-			24,891			23,032
Income Statement Reclassifications:
Amounts reclassified to net loss on the sale     of MBS		283,012			-			-			-			283,012
Amounts reclassified for impairment loss on      mortgage-backed securities		8,102			-			-			-			8,102
Amounts reclassified to interest expense		-			-			-			116,847			116,847
Net current period other comprehensive     income (loss)		(389,853	)		(1,217	)		(520	)		120,684			(270,906	)
Accumulated other comprehensive income     (loss) at December 31, 2013	$	109,490		$	-		$	(627	)	$	(116,915	)	$	(8,052	)