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DISCLOSURES REGARDING FAIR VALUES OF FINANCIAL INSTRUMENTS - Fair Value and Related Disclosures for Debt Securities (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Residential Mortgage Securities Classified as held-to-Maturity [Member]    
Held-to-maturity securities disclosure [Abstract]    
Held-to-maturities, Amortized Cost Basis $ 3,304us-gaap_HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
/ us-gaap_DebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
$ 3,663us-gaap_HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
/ us-gaap_DebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Held-to-maturities, Gross Unrealized Gains 98us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
/ us-gaap_DebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
124us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
/ us-gaap_DebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Held-to-maturities, Gross Unrealized Losses 0us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
/ us-gaap_DebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
0us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
/ us-gaap_DebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Held-to-maturities, Fair Value 3,402us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_DebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
3,787us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_DebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Agency Securities Classified as Available-for-sale [Member] | Fannie Mae/Freddie Mac [Member]    
Available-for-sale securities disclosure Items [Abstract]    
Available-for-sale securities, Amortized Cost Basis 10,715,709us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesFannieMaeOrFreddieMacMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
10,559,231us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesFannieMaeOrFreddieMacMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Available-for-sale securities, Gross Unrealized Gains 243,152us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesFannieMaeOrFreddieMacMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
243,351us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesFannieMaeOrFreddieMacMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Available-for-sale securities, Gross Unrealized Losses 559us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesFannieMaeOrFreddieMacMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
2,218us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesFannieMaeOrFreddieMacMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Available-for-sale securities, Fair Value 10,958,302us-gaap_AvailableForSaleSecurities
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesFannieMaeOrFreddieMacMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
10,800,364us-gaap_AvailableForSaleSecurities
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesFannieMaeOrFreddieMacMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Agency Securities Classified as Available-for-sale [Member] | Ginnie Mae [Member]    
Available-for-sale securities disclosure Items [Abstract]    
Available-for-sale securities, Amortized Cost Basis 3,167,628us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesGinnieMayMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
3,087,570us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesGinnieMayMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Available-for-sale securities, Gross Unrealized Gains 20,148us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesGinnieMayMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
16,755us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesGinnieMayMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Available-for-sale securities, Gross Unrealized Losses 3,903us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesGinnieMayMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
5,157us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesGinnieMayMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Available-for-sale securities, Fair Value $ 3,183,873us-gaap_AvailableForSaleSecurities
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesGinnieMayMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
$ 3,099,168us-gaap_AvailableForSaleSecurities
/ us-gaap_InvestmentTypeAxis
= cmo_UsGovernmentAgenciesDebtSecuritiesGinnieMayMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember