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UNSECURED BORROWINGS (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Debt Instrument [Line Items]    
Junior subordinated notes maturity term 30 years  
Remaining issue costs $ 2,100,000us-gaap_UnamortizedDebtIssuanceExpense  
Junior subordinated notes borrowings outstanding 100,000,000us-gaap_UnsecuredDebt 100,000,000us-gaap_UnsecuredDebt
Average rate (in hundredths) 8.49%us-gaap_DebtWeightedAverageInterestRate [1]  
Effective borrowing rate considering cash flow hedges 7.56%cmo_EffectiveBorrowingRateConsideringCashFlowHedges  
October 2035 [Member]    
Debt Instrument [Line Items]    
Junior subordinated notes borrowings outstanding 35,000,000us-gaap_UnsecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= cmo_JuniorSubordinatedNotesMaturingInOctober2035Member
 
Average rate (in hundredths) 8.31%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= cmo_JuniorSubordinatedNotesMaturingInOctober2035Member
[1]  
Junior subordinated notes, maturity period Oct. 31, 2035  
Junior subordinated notes, earliest redemption option exercise date Oct. 30, 2015  
December 2035 [Member]    
Debt Instrument [Line Items]    
Junior subordinated notes borrowings outstanding 40,000,000us-gaap_UnsecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= cmo_JuniorSubordinatedNotesMaturingInDecember2035Member
 
Average rate (in hundredths) 8.46%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= cmo_JuniorSubordinatedNotesMaturingInDecember2035Member
[1]  
Junior subordinated notes, maturity period Dec. 31, 2035  
Junior subordinated notes, earliest redemption option exercise date Dec. 15, 2015  
September 2036 [Member]    
Debt Instrument [Line Items]    
Junior subordinated notes borrowings outstanding $ 25,000,000us-gaap_UnsecuredDebt
/ us-gaap_LongtermDebtTypeAxis
= cmo_JuniorSubordinatedNotesMaturingInSeptember2036Member
 
Average rate (in hundredths) 8.78%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= cmo_JuniorSubordinatedNotesMaturingInSeptember2036Member
[1]  
Junior subordinated notes, maturity period Sep. 30, 2036  
Junior subordinated notes, earliest redemption option exercise date Sep. 15, 2016  
[1] The indicated weighted average rates have been in effect since issuance. After considering cash flow hedges that coincide with the floating rate terms of these borrowings that begin October 30, and December 15, 2015 for the notes maturing in October and December 2035 and September 15, 2016 for the notes maturing in September 2036, the effective borrowing rate will average 7.56% beginning September 15, 2016 through maturity, subject to certain adjustments for the effects of measured hedge ineffectiveness, if any.