XML 20 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9
Repurchase Agreements (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]    
Repurchase Agreements Accounted for as Secured Borrowings $ 3,013,110us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount $ 3,580,754us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
Repurchage agreement, Weighted Average Interest Rate 0.55%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate 0.61%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
Fair Value of Collateral Pledged 3,274,597us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount 3,890,066us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
Deferred Costs 0us-gaap_DeferredFinanceCostsNoncurrentNet (243)us-gaap_DeferredFinanceCostsNoncurrentNet
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements 144 days 114 days
Collateralized Mortgage Obligations [Member]    
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]    
Repurchase Agreements Accounted for as Secured Borrowings 9,834us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
20,651us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
Repurchage agreement, Weighted Average Interest Rate 1.51%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
1.59%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
Fair Value of Collateral Pledged 11,000us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
19,686us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
Residential Mortgage Backed Securities [Member] | Agency MBS [Member]    
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]    
Repurchase Agreements Accounted for as Secured Borrowings 1,977,338us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
2,522,503us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Repurchage agreement, Weighted Average Interest Rate 0.39%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
0.42%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Fair Value of Collateral Pledged 2,064,704us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
2,598,158us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Residential Mortgage Backed Securities [Member] | Non-Agency MBS [Member]    
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]    
Repurchase Agreements Accounted for as Secured Borrowings 17,594us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
10,569us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Repurchage agreement, Weighted Average Interest Rate 1.57%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
1.80%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Fair Value of Collateral Pledged 21,787us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
12,746us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Commercial Mortgage Backed Securities [Member] | Agency MBS [Member]    
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]    
Repurchase Agreements Accounted for as Secured Borrowings 253,857us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
246,849us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Repurchage agreement, Weighted Average Interest Rate 0.36%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
0.39%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Fair Value of Collateral Pledged 291,103us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
306,318us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Commercial Mortgage Backed Securities [Member] | Non-Agency MBS [Member]    
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]    
Repurchase Agreements Accounted for as Secured Borrowings 114,895us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
303,674us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Repurchage agreement, Weighted Average Interest Rate 1.15%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
1.27%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Fair Value of Collateral Pledged 140,216us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
367,859us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
CMBS IO [Member] | Agency MBS [Member]    
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]    
Repurchase Agreements Accounted for as Secured Borrowings 372,609us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
369,948us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
Repurchage agreement, Weighted Average Interest Rate 0.92%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
1.16%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
Fair Value of Collateral Pledged 430,638us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
449,072us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
CMBS IO [Member] | Non-Agency MBS [Member]    
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]    
Repurchase Agreements Accounted for as Secured Borrowings 266,983us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
106,803us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
Repurchage agreement, Weighted Average Interest Rate 1.04%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
1.27%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
Fair Value of Collateral Pledged $ 315,149us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
$ 136,227us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember