Income Taxes (Tables)

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles our GAAP net income (loss) to estimated REIT taxable loss for the three and six months ended June 30, 2022 and June 30, 2021.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
GAAP net income (loss)	$	(58,591)	$	(69,174)	$	(125,025)	$	2,153
Book to tax differences:
TRS income	(6)		(59)		(7)		(66)
Premium amortization expense	(36)		(28)		(78)		(76)
Agency Securities, trading	249,022		(19,183)		503,411		43,403
U.S. Treasury Securities	33,983		—		112,370		28
Changes in interest rate contracts	(204,744)		88,542		(455,644)		(33,653)
(Gain) loss on Security Sales	7,501		—		7,501		(7,354)
Amortization of deferred hedging costs	(36,716)		(39,998)		(76,296)		(81,865)
Other	610		419		1,160		837
Estimated REIT taxable loss	$	(8,977)	$	(39,481)	$	(32,608)	$	(76,593)

Summary of Tax Credit Carryforwards

Net capital losses realized	Amount		Available to offset capital gains through
2018	$	(136,388)	2023
2019	$	(13,819)	2024
2021	$	(15,605)	2026