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Income Taxes (Tables)
 9 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following table reconciles our GAAP net income (loss) to estimated REIT taxable income for the quarters and nine months ended September 30, 2015 and September 30, 2014.
 
For the Quarters Ended
 
For the Nine Months Ended
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
GAAP Net Income (loss)
$
(16,528
)
 
$
6,572

 
$
(5,486
)
 
$
(4,067
)
Book to tax differences:
 
 
 
 
 

 
 
Net book to tax differences on Non-Agency Securities and Linked Transactions for 2014
2,049

 
(1,533
)
 
(1,171
)
 
(7,232
)
(Gain) loss on sale of Agency Securities
(797
)
 
845

 
(5,065
)
 
(7,931
)
Amortization of deferred hedging gains (costs)
(273
)
 
148

 
(714
)
 
439

Net premium amortization differences
—

 
—

 
—

 
(809
)
Changes in interest rate contracts
18,515

 
(1,293
)
 
20,896

 
34,439

Other
—

 
(73
)
 
2

 
(78
)
Estimated taxable income
$
2,966

 
$
4,666

 
$
8,462

 
$
14,761