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Non Agency MBS (Details) (Mortgage-backed Securities, Issued by Private Enterprises [Member], USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]    
Principal/par value $ 475,158 $ 376,972
Unamortized premium 111,448 54,885
Investments, Unamortized Discount (20,614) (18,514)
Available-for-sale Debt Securities, Amortized Cost Basis 565,992 413,343
Available-for-sale Securities, Gross Unrealized Gains 45,604 13,206
Available for sale securities, gross unrealized losses (274) (5,453)
Total MBS investments at fair value 611,322 421,096
RMBS [Member]
   
Schedule of Available-for-sale Securities [Line Items]    
Principal/par value 11,411 17,119
Unamortized premium 0 0
Investments, Unamortized Discount (781) (1,003)
Available-for-sale Debt Securities, Amortized Cost Basis 10,630 16,116
Available-for-sale Securities, Gross Unrealized Gains 606 507
Available for sale securities, gross unrealized losses (198) (1,353)
Total MBS investments at fair value 11,038 15,270
Weighted average coupon, MBS 4.28% 4.41%
Payments to Acquire Non-Agecny MBS categorized as Available-for-sale 7,500  
CMBS [Member]
   
Schedule of Available-for-sale Securities [Line Items]    
Principal/par value 463,747 359,853
Unamortized premium 2,520 3,646
Investments, Unamortized Discount (19,833) (17,511)
Available-for-sale Debt Securities, Amortized Cost Basis 446,434 345,988
Available-for-sale Securities, Gross Unrealized Gains 39,944 11,806
Available for sale securities, gross unrealized losses (36) (3,724)
Total MBS investments at fair value 486,342 354,070
Weighted average coupon, MBS 5.31% 5.91%
Payments to Acquire Non-Agecny MBS categorized as Available-for-sale 165,466  
CMBS - IO [Member]
   
Schedule of Available-for-sale Securities [Line Items]    
Unamortized premium 108,928 51,239
Available-for-sale Debt Securities, Amortized Cost Basis 108,928 51,239
Available-for-sale Securities, Gross Unrealized Gains 5,054 893
Available for sale securities, gross unrealized losses (40) (376)
Total MBS investments at fair value 113,942 [1] 51,756 [2]
Weighted average coupon, MBS 0.86% 1.24%
Notional balance of non-Agency IO investments 2,393,614 906,202
Payments to Acquire Non-Agecny MBS categorized as Available-for-sale $ 68,315  
[1] (1)The notional balance for the non-Agency CMBS IO securities is $2,393,614 as of December 31, 2012.
[2] (1)The notional balance for the non-Agency CMBS IO securities is $906,202 as of December 31, 2011.