Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles our GAAP net income to estimated REIT taxable income for the quarters ended March 31, 2016, March 31, 2015. 

	For the Quarter Ended
	March 31, 2016			March 31, 2015
GAAP net loss	$	(279,475	)	$	(125,469	)
Book to tax differences:
Net book to tax differences on Non-Agency Securities	(4,125		)	—
Changes in interest rate contracts	315,811			167,407
Gains on Security Sales	(1,891		)	(6,544		)
Amortization of deferred hedging costs	(9,232		)	(1,877		)
Other	3			4
Estimated REIT taxable income	$	21,091		$	33,521