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Consolidated Balance Sheets (USD $)
Mar. 31, 2015
Dec. 31, 2014
Mortgage-backed securities, at fair value    
Pledged to counterparties $ 1,546,952,000orc_MortgageBackedSecuritiesAtFairValuePledgedAsCollateral $ 1,517,304,000orc_MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
Unpledged 129,669,000orc_MortgageBackedSecuritiesAtFairValueUnpledged 31,867,000orc_MortgageBackedSecuritiesAtFairValueUnpledged
Total mortgage-backed securities 1,676,621,000us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure 1,549,171,000us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
Cash and cash equivalents 78,105,000us-gaap_CashAndCashEquivalentsAtCarryingValue 93,137,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 8,263,000us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 7,790,000us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Accrued interest receivable 6,883,000us-gaap_InterestReceivable 6,211,000us-gaap_InterestReceivable
Derivative asset, at fair value 218,000us-gaap_DerivativeAssets 1,217,000us-gaap_DerivativeAssets
Other assets 725,000us-gaap_PrepaidExpenseAndOtherAssets 282,000us-gaap_PrepaidExpenseAndOtherAssets
Total Assets 1,770,815,000us-gaap_Assets 1,657,808,000us-gaap_Assets
Liabilities    
Repurchase agreements 1,459,490,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchase 1,436,651,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchase
Accrued interest payable 368,000us-gaap_InterestPayableCurrentAndNoncurrent 628,000us-gaap_InterestPayableCurrentAndNoncurrent
Due to affiliates 386,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent 330,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
Payable for unsettled securities purchased 79,186,000orc_UnsettledPurchases 0orc_UnsettledPurchases
Other Liabilities 639,000us-gaap_OtherLiabilities 2,121,000us-gaap_OtherLiabilities
Total Liabilities 1,540,069,000us-gaap_Liabilities 1,439,730,000us-gaap_Liabilities
Stockholders' Equity    
Preferred stock, $0.01 par value 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common Stock, $0.01 par value 179,000us-gaap_CommonStockValueOutstanding 167,000us-gaap_CommonStockValueOutstanding
Additional paid in capital 230,567,000us-gaap_AdditionalPaidInCapital 217,419,000us-gaap_AdditionalPaidInCapital
Accumulated deficit 0us-gaap_RetainedEarningsAccumulatedDeficit 492,000us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders Equity 230,746,000us-gaap_StockholdersEquity 218,078,000us-gaap_StockholdersEquity
Total Liabilities and Stockholders Equity $ 1,770,815,000us-gaap_LiabilitiesAndStockholdersEquity $ 1,657,808,000us-gaap_LiabilitiesAndStockholdersEquity