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PLEDGED ASSETS - Assets Pledged to Counterparties (Details) - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value $ 3,712,561,000 $ 2,972,290,000
Accrued interest receivable 14,444,000 11,512,000
Restricted cash 32,349,000 20,950,000
Repurchase Agreement [Member]    
Pledged Assets [Line Items]    
Accrued interest receivable 13,962,000 10,623,000
Restricted cash 25,296,000 10,835,000
Total Assets Pledged To Counterparties 3,751,819,000 2,981,715,000
Clearing Margin [Member]    
Pledged Assets [Line Items]    
Accrued interest receivable   266,000
Restricted cash   0
Total Assets Pledged To Counterparties   11,234,000
Derivative [Member]    
Pledged Assets [Line Items]    
Accrued interest receivable 0 0
Restricted cash 7,053,000 9,865,000
Total Assets Pledged To Counterparties 7,053,000 9,865,000
Insurance Capital [Member]    
Pledged Assets [Line Items]    
Accrued interest receivable   4,000
Restricted cash   250,000
Total Assets Pledged To Counterparties   1,319,000
Total Pledged Financial Instruments [Member]    
Pledged Assets [Line Items]    
Accrued interest receivable 13,962,000 10,893,000
Restricted cash 32,349,000 20,950,000
Total Assets Pledged To Counterparties 3,758,872,000 3,004,133,000
Residential Mortgage Backed Securities [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 3,712,561,000 2,972,290,000
Residential Mortgage Backed Securities [Member] | Repurchase Agreement [Member] | Pass Through Certificate [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 3,612,244,000 2,854,062,000
Residential Mortgage Backed Securities [Member] | Repurchase Agreement [Member] | Structured Finance [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 100,317,000 106,195,000
Residential Mortgage Backed Securities [Member] | Clearing Margin [Member] | Pass Through Certificate [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value   0
Residential Mortgage Backed Securities [Member] | Clearing Margin [Member] | Structured Finance [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value   10,968,000
Residential Mortgage Backed Securities [Member] | Derivative [Member] | Pass Through Certificate [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 0 0
Residential Mortgage Backed Securities [Member] | Derivative [Member] | Structured Finance [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 0 0
Residential Mortgage Backed Securities [Member] | Insurance Capital [Member] | Pass Through Certificate [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value   1,065,000
Residential Mortgage Backed Securities [Member] | Insurance Capital [Member] | Structured Finance [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value   0
Residential Mortgage Backed Securities [Member] | Total Pledged Financial Instruments [Member] | Pass Through Certificate [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 3,612,244,000 2,855,127,000
Residential Mortgage Backed Securities [Member] | Total Pledged Financial Instruments [Member] | Structured Finance [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value $ 100,317,000 $ 117,163,000