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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net income $ 378,117 $ 301,801 $ 322,393
Other Comprehensive Income/(Loss):      
Reclassification adjustment for MBS sales included in net income (44,600) (51,580) (38,707)
Reclassification adjustment for other-than-temporary impairments included in net income (180) (1,259) (1,032)
Derivative hedging instrument fair value changes, net (23,342) 14,545 35,297
Amortization of de-designated hedging instruments, net (2,454) 0 0
Other Comprehensive Income/(Loss) (50,241) (188,936) 35,542
Comprehensive income before preferred stock dividends 327,876 112,865 357,935
Dividends declared on preferred stock (15,000) (15,000) (15,000)
Comprehensive Income Available to Common Stock and Participating Securities 312,876 97,865 342,935
Agency MBS      
Other Comprehensive Income/(Loss):      
Unrealized (loss)/gain on holdings 21,844 (17,891) (39,158)
Non-Agency MBS, CRT Securities and MSR Term Notes      
Other Comprehensive Income/(Loss):      
Unrealized (loss)/gain on holdings $ (1,509) $ (132,751) $ 79,142