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Valuation Schedule of Fair Value Measurements (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value [1] $ 23,049 $ 8,792
Financial derivatives–liabilities, at fair value [1] (333) (1,863)
Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 1,575,983 1,685,998
Financial derivatives-assets, at fair value 23,049 8,792
Total mortgage-backed securities and financial derivatives–assets, at fair value 1,599,032 1,694,790
Financial derivatives–liabilities, at fair value (333) (1,863)
Total U.S. Treasury securities and financial derivatives-liabilities, at fair value (26,700) (83,152)
Fair Value, Measurements, Recurring [Member] | TBA securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 1,447 402
Financial derivatives–liabilities, at fair value (320) (735)
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 18,189 8,038
Financial derivatives–liabilities, at fair value (13) (1,128)
Fair Value, Measurements, Recurring [Member] | Swaption [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value   181
Fair Value, Measurements, Recurring [Member] | Futures [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 3,413 171
Fair Value, Measurements, Recurring [Member] | Agency RMBS [Member] | 15-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 145,769 176,774
Fair Value, Measurements, Recurring [Member] | Agency RMBS [Member] | 20-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 7,866 9,230
Fair Value, Measurements, Recurring [Member] | Agency RMBS [Member] | 30-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 1,297,612 1,369,589
Fair Value, Measurements, Recurring [Member] | Agency RMBS [Member] | Adjustable Rate Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 19,051 29,558
Fair Value, Measurements, Recurring [Member] | Agency RMBS [Member] | Reverse mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 75,049 70,617
Fair Value, Measurements, Recurring [Member] | Agency RMBS [Member] | Interest-Only [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 18,684 12,205
Fair Value, Measurements, Recurring [Member] | Non-Agency RMBS [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 11,952 18,025
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
U.S. Treasury securities sold short, at fair value (26,367) (81,289)
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Financial derivatives-assets, at fair value 3,413 171
Total mortgage-backed securities and financial derivatives–assets, at fair value 3,413 171
Financial derivatives–liabilities, at fair value 0 0
Total U.S. Treasury securities and financial derivatives-liabilities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | TBA securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 0 0
Financial derivatives–liabilities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Interest Rate Swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 0 0
Financial derivatives–liabilities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Swaption [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value   0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Futures [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 3,413 171
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Agency RMBS [Member] | 15-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Agency RMBS [Member] | 20-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Agency RMBS [Member] | 30-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Agency RMBS [Member] | Adjustable Rate Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Agency RMBS [Member] | Reverse mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Agency RMBS [Member] | Interest-Only [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Non-Agency RMBS [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | US Treasury Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
U.S. Treasury securities sold short, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 1,564,242 1,674,912
Financial derivatives-assets, at fair value 19,636 8,621
Total mortgage-backed securities and financial derivatives–assets, at fair value 1,583,878 1,683,533
Financial derivatives–liabilities, at fair value (333) (1,863)
Total U.S. Treasury securities and financial derivatives-liabilities, at fair value (26,700) (83,152)
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | TBA securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 1,447 402
Financial derivatives–liabilities, at fair value (320) (735)
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest Rate Swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 18,189 8,038
Financial derivatives–liabilities, at fair value (13) (1,128)
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Swaption [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value   181
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Futures [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Agency RMBS [Member] | 15-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 145,769 176,774
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Agency RMBS [Member] | 20-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 7,866 9,230
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Agency RMBS [Member] | 30-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 1,297,612 1,369,589
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Agency RMBS [Member] | Adjustable Rate Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 19,051 29,558
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Agency RMBS [Member] | Reverse mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 75,049 70,617
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Agency RMBS [Member] | Interest-Only [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 14,576 9,951
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Non-Agency RMBS [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 4,319 9,193
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | US Treasury Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
U.S. Treasury securities sold short, at fair value (26,367) (81,289)
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 11,741 11,086
Financial derivatives-assets, at fair value 0 0
Total mortgage-backed securities and financial derivatives–assets, at fair value 11,741 11,086
Financial derivatives–liabilities, at fair value 0 0
Total U.S. Treasury securities and financial derivatives-liabilities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | TBA securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 0 0
Financial derivatives–liabilities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Interest Rate Swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 0 0
Financial derivatives–liabilities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Swaption [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value   0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Futures [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Agency RMBS [Member] | 15-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Agency RMBS [Member] | 20-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Agency RMBS [Member] | 30-year fixed rate mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Agency RMBS [Member] | Adjustable Rate Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Agency RMBS [Member] | Reverse mortgages [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Agency RMBS [Member] | Interest-Only [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 4,108 2,254
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Non-Agency RMBS [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 7,633 8,832
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | US Treasury Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
U.S. Treasury securities sold short, at fair value $ 0 $ 0
[1] In the Company's Consolidated Balance Sheet, all balances associated with the repurchase agreements and financial derivatives are presented on a gross basis.