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Derivative Financial Instruments - Income Statement Effect (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Derivatives, Fair Value [Line Items]      
(Losses) gains on derivative instruments $ (13,925,000)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet $ 4,828,000us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet $ (40,000)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
Eurodollar Future [Member]      
Derivatives, Fair Value [Line Items]      
(Losses) gains on derivative instruments (9,558,000)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_EurodollarFutureMember
4,828,000us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_EurodollarFutureMember
(39,725)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_EurodollarFutureMember
Interest Rate Swaption [Member]      
Derivatives, Fair Value [Line Items]      
(Losses) gains on derivative instruments (4,439,000)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_InterestRateSwaptionMember
0us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_InterestRateSwaptionMember
0us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_InterestRateSwaptionMember
Treasury Note Future [Member]      
Derivatives, Fair Value [Line Items]      
(Losses) gains on derivative instruments $ 72,000us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= orc_TreasuryNoteFutureMember
$ 0us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= orc_TreasuryNoteFutureMember
$ 0us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_IncomeStatementLocationAxis
= orc_TreasuryNoteFutureMember