XML 39 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Repurchase Agreements (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]      
Repurchase Agreements Accounted for as Secured Borrowings $ 3,185,843us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount   $ 3,013,110us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
Repurchage agreement, Weighted Average Interest Rate 0.56%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate   0.55%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
Fair Value of Collateral Pledged 3,478,141us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount   3,274,597us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements 116 days 144 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 9,122us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
  9,834us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
Repurchage agreement, Weighted Average Interest Rate 1.53%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
  1.51%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
Fair Value of Collateral Pledged 10,208us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CollateralizedMortgageObligationsMember
  11,000us-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 1,901,144us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
  1,977,338us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Repurchage agreement, Weighted Average Interest Rate 0.40%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
  0.39%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Fair Value of Collateral Pledged 1,975,547us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
  2,064,704us-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 59,396us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
  17,594us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Repurchage agreement, Weighted Average Interest Rate 1.54%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
  1.57%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Fair Value of Collateral Pledged 72,524us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
  21,787us-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 451,290us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
  253,857us-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
  0.36%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Fair Value of Collateral Pledged 521,934us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
  291,103us-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 143,107us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
  114,895us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Repurchage agreement, Weighted Average Interest Rate 1.07%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
  1.15%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Fair Value of Collateral Pledged 167,759us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
  140,216us-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 346,527us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
  372,609us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
Repurchage agreement, Weighted Average Interest Rate 0.93%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
  0.92%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
Fair Value of Collateral Pledged 404,410us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
  430,638us-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 275,257us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
  266,983us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
Repurchage agreement, Weighted Average Interest Rate 1.05%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
  1.04%us-gaap_AssetsSoldUnderAgreementsToRepurchaseInterestRate
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
Fair Value of Collateral Pledged $ 325,759us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember
  $ 315,149us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestOnlyStripMember