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Derivatives (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Derivative [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net   $ 107,801 $ (195,567)  
Derivative Liability, Fair Value, Gross Liability   19,866   $ 1,634
Derivative assets, fair value   109,746   11,342
Derivative liabilities, fair value   (19,866)   (1,634)
Interest rate swaps        
Derivative [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Loss   0 (182,181)  
Interest rate swaption        
Derivative [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain   57,763    
Derivative Instruments Not Designated as Hedging Instruments, Loss     (573)  
Derivative instrument, cost basis   $ 6,688   13,000
Derivative Liability, Fair Value, Gross Liability       $ 107
Derivative, Average Fixed Interest Rate   1.16%   1.07%
Derivative Asset, Notional Amount   $ 500,000   $ 1,250,000
Derivative assets, fair value   27,843   1,253
U.S. Treasury futures        
Derivative [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain   95,647    
Derivative Instruments Not Designated as Hedging Instruments, Loss     (8,447)  
Options on U.S. Treasury futures        
Derivative [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain   12,617    
Derivative Instruments Not Designated as Hedging Instruments, Loss     (10,727)  
Long position | TBA securities        
Derivative [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain     18,432  
Derivative Instruments Not Designated as Hedging Instruments, Loss   (58,226)    
Derivative Liability, Fair Value, Gross Liability   (19,866)    
Short position | U.S. Treasury futures        
Derivative [Line Items]        
Derivative Liability, Fair Value, Gross Liability       1,527
Short position | TBA securities        
Derivative [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Loss   0 $ (12,071)  
Not Designated as Hedging Instrument, Economic Hedge | Interest rate swaption        
Derivative [Line Items]        
Derivative Asset, Notional Amount   500,000   1,250,000
Derivative assets, fair value   27,843   1,360
Derivative liabilities, fair value       (107)
Not Designated as Hedging Instrument, Economic Hedge | Interest rate swaption | 6 months or less        
Derivative [Line Items]        
Derivative instrument, cost basis   $ 2,963   $ 6,312
Derivative, Average Fixed Interest Rate   1.12%   1.02%
Derivative Asset, Notional Amount   $ 250,000   $ 750,000
Derivative assets, fair value   14,208   1,161
Not Designated as Hedging Instrument, Economic Hedge | Interest rate swaption | 6-9 months        
Derivative [Line Items]        
Derivative instrument, cost basis   $ 3,725   $ 6,688
Derivative, Average Fixed Interest Rate   1.19%   1.16%
Derivative Asset, Notional Amount   $ 250,000   $ 500,000
Derivative assets, fair value   13,635   92
Not Designated as Hedging Instrument, Economic Hedge | Options on U.S. Treasury futures        
Derivative [Line Items]        
Derivative Asset, Notional Amount   250,000   500,000
Derivative assets, fair value   $ 9,180   1,094
Derivative, Average Remaining Maturity 1 month 2 months    
Not Designated as Hedging Instrument, Economic Hedge | Short position | U.S. Treasury futures        
Derivative [Line Items]        
Derivative Liability, Notional Amount   $ 2,980,000   825,000
Derivative assets, fair value   72,723    
Derivative liabilities, fair value   $ 0   $ (1,527)
Derivative, Average Remaining Maturity   3 months   2 months
Not Designated as Hedging Instrument, Trading | Long position | TBA securities        
Derivative [Line Items]        
Derivative Asset, Notional Amount   $ 2,800,000   $ 1,515,000
Derivative assets, fair value       $ 8,888
Derivative liabilities, fair value   $ (19,866)