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REPURCHASE ARRANGEMENTS AND SIMILAR BORROWINGS (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Repurchase Arrangements And Similar Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral Carrying Amount $ 13,590,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements $ 13,480,000us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
Borrowings Outstanding 12,938,508us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross 12,806,843us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
Average borrowings adjusted amount 12,988,083cmo_AverageBorrowingsAdjustedAmount 12,843,636cmo_AverageBorrowingsAdjustedAmount
Average borrowings rates adjusted for effects related cash flow derivatives (in hundredths) 0.59%cmo_AverageBorrowingsRatesAdjustedForEffectsRelatedCashFlowDerivatives 0.56%cmo_AverageBorrowingsRatesAdjustedForEffectsRelatedCashFlowDerivatives
Quarter-End Borrowing Rates Adjusted For Effects Of Related Derivatives Held As Cash Flow Hedges [Member]    
Repurchase Arrangements And Similar Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Average Borrowing Rates (in hundredths) 0.59%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_QuarterEndBorrowingRatesAdjustedForEffectsOfRelatedDerivativesHeldAsCashFlowHedgesMember
 
Year-end borrowing rates adjusted for effects of related Derivatives held as cash flow hedges [Member]    
Repurchase Arrangements And Similar Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Average Borrowing Rates (in hundredths)   0.58%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_YearEndBorrowingRatesAdjustedForEffectsOfRelatedDerivativesHeldAsCashFlowHedgesMember
Agency Securities [Member]    
Repurchase Arrangements And Similar Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral Carrying Amount 13,593,284us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
13,483,572us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Accrued Interest Receivable 28,549cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
30,933cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Borrowings Outstanding 12,938,508us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
12,806,843us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Average Borrowing Rates (in hundredths) 0.39%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
0.38%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Agency Securities [Member] | Borrowings With Maturities Of 30 Days Or Less [Member]    
Repurchase Arrangements And Similar Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral Carrying Amount 9,272,091us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
10,401,080us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
Accrued Interest Receivable 18,895cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
24,045cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
Borrowings Outstanding 8,841,149us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
9,878,889us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
Average Borrowing Rates (in hundredths) 0.34%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
0.35%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= us-gaap_MaturityUpTo30DaysMember
Agency Securities [Member] | Borrowings With Maturities of 31 to 90 Days [Member]    
Repurchase Arrangements And Similar Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral Carrying Amount 1,812,699us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesOfThirtyOneToNinetyDaysMember
1,205,570us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesOfThirtyOneToNinetyDaysMember
Accrued Interest Receivable 3,583cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesOfThirtyOneToNinetyDaysMember
2,248cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesOfThirtyOneToNinetyDaysMember
Borrowings Outstanding 1,720,366us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesOfThirtyOneToNinetyDaysMember
1,150,924us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesOfThirtyOneToNinetyDaysMember
Average Borrowing Rates (in hundredths) 0.35%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesOfThirtyOneToNinetyDaysMember
0.35%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesOfThirtyOneToNinetyDaysMember
Agency Securities [Member] | Borrowings With Maturities Greater Than 90 Days [Member]    
Repurchase Arrangements And Similar Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral Carrying Amount 2,506,501us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesGreaterThan90DaysMember
1,874,892us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesGreaterThan90DaysMember
Accrued Interest Receivable 6,071cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesGreaterThan90DaysMember
4,640cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesGreaterThan90DaysMember
Borrowings Outstanding 2,375,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesGreaterThan90DaysMember
1,775,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesGreaterThan90DaysMember
Average Borrowing Rates (in hundredths) 0.61%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesGreaterThan90DaysMember
0.56%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_BorrowingsWithMaturitiesGreaterThan90DaysMember
Agency Securities [Member] | Similar Borrowings [Member]    
Repurchase Arrangements And Similar Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral Carrying Amount 1,993us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_SimilarBorrowingsMember
[1] 2,030us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_SimilarBorrowingsMember
[1]
Accrued Interest Receivable 0cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_SimilarBorrowingsMember
[1] 0cmo_AccruedInterestReceivable
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_SimilarBorrowingsMember
[1]
Borrowings Outstanding $ 1,993us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_SimilarBorrowingsMember
[1] $ 2,030us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_SimilarBorrowingsMember
[1]
Average Borrowing Rates (in hundredths) 8.11%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_SimilarBorrowingsMember
[1] 8.11%cmo_AverageInterestRate
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
/ us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis
= cmo_SimilarBorrowingsMember
[1]
[1] The maturity of structured financings is directly affected by prepayments on the related mortgage pass-through securities pledged as collateral. Additionally, these financings are subject to redemption by the residual bondholders.