XML 66 R41.htm IDEA: XBRL DOCUMENT v2.4.1.9
Derivative Financial Instruments - Summary of Eurodollar Futures Positions (Details) (Eurodollar Future [Member], USD $)
Mar. 31, 2015
Dec. 31, 2014
Derivatives, Fair Value [Line Items]    
Locked-In LIBOR Rate 1.37%us-gaap_DerivativeAverageVariableInterestRate 1.73%us-gaap_DerivativeAverageVariableInterestRate
Notional Amount $ 835,714,000invest_DerivativeNotionalAmount $ 760,000,000invest_DerivativeNotionalAmount
Open Equity (15,263,000)orc_OpenEquity (4,302,000)orc_OpenEquity
Year 2015 Expiration [Member]    
Derivatives, Fair Value [Line Items]    
Locked-In LIBOR Rate 0.51%us-gaap_DerivativeAverageVariableInterestRate
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_ThirdYearExpirationMember
0.63%us-gaap_DerivativeAverageVariableInterestRate
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_ThirdYearExpirationMember
Notional Amount 800,000,000invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_ThirdYearExpirationMember
650,000,000invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_ThirdYearExpirationMember
Open Equity (1,791,000)orc_OpenEquity
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_ThirdYearExpirationMember
(1,039,000)orc_OpenEquity
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_ThirdYearExpirationMember
Year 2016 Expiration [Member]    
Derivatives, Fair Value [Line Items]    
Locked-In LIBOR Rate 1.13%us-gaap_DerivativeAverageVariableInterestRate
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FourthYearExpirationMember
1.54%us-gaap_DerivativeAverageVariableInterestRate
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FourthYearExpirationMember
Notional Amount 900,000,000invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FourthYearExpirationMember
800,000,000invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FourthYearExpirationMember
Open Equity (3,435,000)orc_OpenEquity
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FourthYearExpirationMember
139,000orc_OpenEquity
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FourthYearExpirationMember
Year 2017 Expiration [Member]    
Derivatives, Fair Value [Line Items]    
Locked-In LIBOR Rate 1.74%us-gaap_DerivativeAverageVariableInterestRate
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FifthYearExpirationMember
2.23%us-gaap_DerivativeAverageVariableInterestRate
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FifthYearExpirationMember
Notional Amount 825,000,000invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FifthYearExpirationMember
800,000,000invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FifthYearExpirationMember
Open Equity (4,976,000)orc_OpenEquity
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FifthYearExpirationMember
(1,041,000)orc_OpenEquity
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_FifthYearExpirationMember
Year 2018 Expiration [Member]    
Derivatives, Fair Value [Line Items]    
Locked-In LIBOR Rate 2.09%us-gaap_DerivativeAverageVariableInterestRate
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_SixthYearExpirationMember
2.54%us-gaap_DerivativeAverageVariableInterestRate
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_SixthYearExpirationMember
Notional Amount 800,000,000invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_SixthYearExpirationMember
800,000,000invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_SixthYearExpirationMember
Open Equity $ (5,061,000)orc_OpenEquity
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_SixthYearExpirationMember
$ (2,361,000)orc_OpenEquity
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EurodollarFutureMember
/ orc_ExpirationYearsOfEurodollarFuturesContractsAxis
= orc_SixthYearExpirationMember