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NET INCOME PER COMMON SHARE - Components of Computation of Basic and Diluted Net Income Per Common Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Numerator for basic net income per common share [Abstract]    
Net income $ 33,957us-gaap_NetIncomeLoss $ 38,391us-gaap_NetIncomeLoss
Preferred stock dividends (3,742)us-gaap_PreferredStockDividendsAndOtherAdjustments (3,238)us-gaap_PreferredStockDividendsAndOtherAdjustments
Earnings participation of unvested equity awards (34)us-gaap_UndistributedEarnings (24)us-gaap_UndistributedEarnings
Numerator for basic net income per common share 30,181cmo_NetIncomeLossAvailableToCommonStockholdersAfterAdjustmentForImpactOfParticipatingUnvestedStockAwards 35,129cmo_NetIncomeLossAvailableToCommonStockholdersAfterAdjustmentForImpactOfParticipatingUnvestedStockAwards
Denominator for basic net income per common share [Abstract]    
Weighted average common stock outstanding (in shares) 95,825us-gaap_WeightedAverageNumberOfSharesIssuedBasic 95,777us-gaap_WeightedAverageNumberOfSharesIssuedBasic
Average unvested stock awards outstanding (in shares) (356)us-gaap_WeightedAverageNumberOfSharesRestrictedStock (428)us-gaap_WeightedAverageNumberOfSharesRestrictedStock
Denominator for basic net income per common share (in shares) 95,469us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 95,349us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Basic net income per common share (in dollars per share) $ 0.32us-gaap_EarningsPerShareBasic $ 0.37us-gaap_EarningsPerShareBasic
Numerator for diluted net income per common share [Abstract]    
Numerator for basic net income per common share $ 30,181cmo_NetIncomeLossAvailableToCommonStockholdersAfterAdjustmentForImpactOfParticipatingUnvestedStockAwards $ 35,129cmo_NetIncomeLossAvailableToCommonStockholdersAfterAdjustmentForImpactOfParticipatingUnvestedStockAwards
Denominator for diluted net income per common share [Abstract]    
Denominator for basic net income per common share 95,469us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 95,349us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Net effect of dilutive equity awards 205us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 189us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Denominator for diluted net income per common share (in shares) 95,674us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 95,538us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Diluted net income per common share (in dollars per share) $ 0.32us-gaap_EarningsPerShareDiluted $ 0.37us-gaap_EarningsPerShareDiluted