Fair Value (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on Recurring Basis

(in thousands)
				Quoted Prices
				in Active		Significant
				Markets for		Other		Significant
				Identical		Observable		Unobservable
		Fair Value		Assets		Inputs		Inputs
		Measurements		(Level 1)		(Level 2)		(Level 3)
September 30, 2016
Mortgage-backed securities	$	2,501,497	$	-	$	2,501,497	$	-
Margin posted on derivative agreements		8,508		8,508		-		-
Interest rate swaps		792		-		792		-
TBA securities		(240)		-		(240)		-
December 31, 2015
Mortgage-backed securities	$	2,158,010	$	-	$	2,158,010	$	-
Margin posted on derivative agreements		8,483		8,483		-		-
Receiver swaptions		669		-		669		-