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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets:    
Cash and cash equivalents $ 25,482us-gaap_CashAndCashEquivalentsAtCarryingValue $ 47,222us-gaap_CashAndCashEquivalentsAtCarryingValue
Mortgage-backed securities and other securities, at fair value ($4,122,610 and $4,362,532 pledged as collateral, at fair value, respectively) 4,155,093us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure 4,385,723us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
Residential whole-loans, at fair value ($17,860 and $7,220 pledged as collateral, at fair value, respectively) 17,860wmc_ResidentialWholeLoansFairValueDisclosure 7,220wmc_ResidentialWholeLoansFairValueDisclosure
Commercial Whole-Loan, at fair value 8,900wmc_CommercialWholeLoansAtFairValue  
Linked transactions, net, at fair value   20,627wmc_FairValueOfInvestmentOwnedAndRepurchaseAgreement
Receivable under reverse repurchase agreements 65,674us-gaap_SecuritiesForReverseRepurchaseAgreements  
Investment related receivable 5,816us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations 162,837us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations
Accrued interest receivable 31,842us-gaap_InterestReceivable 27,309us-gaap_InterestReceivable
Due from counterparties 236,192wmc_CashCollateralCarryingValue 184,757wmc_CashCollateralCarryingValue
Derivative assets, at fair value 119,552us-gaap_DerivativeAssets 73,256us-gaap_DerivativeAssets
Other assets 171us-gaap_OtherAssets 326us-gaap_OtherAssets
Total Assets 4,666,582us-gaap_Assets 4,909,277us-gaap_Assets
Liabilities:    
Borrowings under repurchase agreements 3,648,939us-gaap_SecuritiesSoldUnderAgreementsToRepurchase 3,875,721us-gaap_SecuritiesSoldUnderAgreementsToRepurchase
Accrued interest payable 16,326us-gaap_InterestPayableCurrentAndNoncurrent 17,573us-gaap_InterestPayableCurrentAndNoncurrent
Investment related payables 5,522us-gaap_InvestmentRelatedLiabilities 166,608us-gaap_InvestmentRelatedLiabilities
Due to counterparties 74,553wmc_DueToCounterpartiesCarryingValueNet 12,180wmc_DueToCounterpartiesCarryingValueNet
Derivative liability, at fair value 277,687us-gaap_DerivativeLiabilities 180,280us-gaap_DerivativeLiabilities
Accounts payable and accrued expenses 2,635us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 1,794us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Payable to related party 2,883us-gaap_DueToRelatedPartiesCurrentAndNoncurrent 2,705us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
Dividend payable 28,086us-gaap_DividendsPayableCurrentAndNoncurrent 29,204us-gaap_DividendsPayableCurrentAndNoncurrent
Total Liabilities 4,056,631us-gaap_Liabilities 4,286,065us-gaap_Liabilities
Commitments and contingencies      
Stockholders' Equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 41,919,801 and 41,719,801 shares issued and outstanding, respectively 419us-gaap_CommonStockValue 417us-gaap_CommonStockValue
Preferred stock, $0.01 par value, 100,000,000 shares authorized and no shares outstanding      
Additional paid-in capital 761,612us-gaap_AdditionalPaidInCapital 760,925us-gaap_AdditionalPaidInCapital
Retained earnings (accumulated deficit) (152,080)us-gaap_RetainedEarningsAccumulatedDeficit (138,130)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 609,951us-gaap_StockholdersEquity 623,212us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity $ 4,666,582us-gaap_LiabilitiesAndStockholdersEquity $ 4,909,277us-gaap_LiabilitiesAndStockholdersEquity