Assets and Liabilities Recorded at Fair Value on Recurring Basis (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	$ 1,676,621,000	$ 1,549,171,000
Eurodollar Futures Contracts	6,078,000	5,174,000
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	1,676,621,000	1,549,171,000
Eurodollar Futures Contracts	6,078,000	5,174,000
Interest Rate Swaption	126,000	1,217,000
TBA Contracts	92,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	0	0
Eurodollar Futures Contracts	6,078,000	5,174,000
Interest Rate Swaption	0	0
TBA Contracts	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	1,676,621,000	1,549,171,000
Eurodollar Futures Contracts	0	0
Interest Rate Swaption	126,000	1,217,000
TBA Contracts	92,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	0	0
Eurodollar Futures Contracts	0	0
Interest Rate Swaption	0	0
TBA Contracts	$ 0