Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles our GAAP net income (loss) to estimated REIT taxable income for the years ended December 31, 2019, December 31, 2018 and December 31, 2017.

	For the Years Ended
	December 31, 2019			December 31, 2018			December 31, 2017
GAAP net income (loss)	$	(249,905	)	$	(105,966	)	$	181,154
Book to tax differences:
TRS income	(147		)	(265		)	—
Premium amortization expense	—			(1,132		)	(468		)
Credit Risk and Non-Agency Securities	24,459			26,509			(68,505		)
Interest-Only Securities	85			318			1,216
U.S. Treasury Securities	(2,024		)	6,365			—
Changes in interest rate contracts	375,493			(1,346		)	(49,930		)
(Gain) Loss on sales of Agency Securities	(9,611		)	152,950			8,486
Other than temporary loss on Agency Securities	—			12,090			13,707
Amortization of deferred hedging costs	(69,302		)	(56,378		)	(59,930		)
Series A Cumulative Preferred Stock dividend- Called for redemption	375			—			—
Other	18			16			15
Estimated taxable income	$	69,441		$	33,161		$	25,745

Schedule of Tax Credit Carryforwards

Net capital losses realized	Amount		Available to offset capital gains though
2015	(5,182	)	2020
2016	(31,204	)	2021
2017	(7,375	)	2022
2018	(216,634	)	2023