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Valuation Schedule of Fair Value Measurements (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value $ 1,732 $ 4,180
Financial derivatives–liabilities, at fair value (20,234) (2,047)
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 1,732 4,180
Total mortgage-backed securities, other investments, and financial derivatives–assets, at fair value 1,052,608 1,405,958
Financial derivatives–liabilities, at fair value (20,234) (2,047)
Total U.S. Treasury securities and financial derivatives-liabilities, at fair value (22,388) (4,117)
Fair Value, Recurring [Member] | TBA securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 782 122
Financial derivatives–liabilities, at fair value (3,582) (304)
Fair Value, 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 619 3,624
Financial derivatives–liabilities, at fair value (12,952) (1,647)
Fair Value, Recurring [Member] | Futures [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 331 434
Financial derivatives–liabilities, at fair value (3,700) (96)
Fair Value, 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 132,375 181,231
Fair Value, 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 1,187 1,385
Fair Value, 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 765,220 1,058,878
Fair Value, 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 30,233 33,255
Fair Value, 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 98,357 99,934
Fair Value, 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 15,629 18,244
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 1,050,521 1,401,778
Fair Value, Recurring [Member] | Other Investments [Member] | Preferred Stock [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 355  
Fair Value, 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 7,520 8,851
Fair Value, 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 (2,154) (2,070)
Fair Value, Recurring [Member] | Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 331 434
Total mortgage-backed securities, other investments, and financial derivatives–assets, at fair value 686 434
Financial derivatives–liabilities, at fair value (3,700) (96)
Total U.S. Treasury securities and financial derivatives-liabilities, at fair value (3,700) (96)
Fair Value, 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, 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, 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 331 434
Financial derivatives–liabilities, at fair value (3,700) (96)
Fair Value, 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, 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, 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, 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, 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, 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, Recurring [Member] | Level 1 [Member] | Residential Mortgage Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0 0
Fair Value, Recurring [Member] | Level 1 [Member] | Other Investments [Member] | Preferred Stock [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 355  
Fair Value, 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, 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, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 1,401 3,746
Total mortgage-backed securities, other investments, and financial derivatives–assets, at fair value 1,041,955 1,394,612
Financial derivatives–liabilities, at fair value (16,534) (1,951)
Total U.S. Treasury securities and financial derivatives-liabilities, at fair value (18,688) (4,021)
Fair Value, 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 782 122
Financial derivatives–liabilities, at fair value (3,582) (304)
Fair Value, 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 619 3,624
Financial derivatives–liabilities, at fair value (12,952) (1,647)
Fair Value, 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
Financial derivatives–liabilities, at fair value 0 0
Fair Value, 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 132,375 181,231
Fair Value, 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 1,187 1,385
Fair Value, 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 765,220 1,058,878
Fair Value, 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 30,233 33,255
Fair Value, 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 98,357 99,934
Fair Value, 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 8,663 10,605
Fair Value, Recurring [Member] | Level 2 [Member] | Residential Mortgage Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 1,040,554 1,390,866
Fair Value, Recurring [Member] | Level 2 [Member] | Other Investments [Member] | Preferred Stock [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0  
Fair Value, 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 4,519 5,578
Fair Value, 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 (2,154) (2,070)
Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial derivatives-assets, at fair value 0 0
Total mortgage-backed securities, other investments, and financial derivatives–assets, at fair value 9,967 10,912
Financial derivatives–liabilities, at fair value 0 0
Total U.S. Treasury securities and financial derivatives-liabilities, at fair value 0 0
Fair Value, 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, 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, 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
Financial derivatives–liabilities, at fair value 0 0
Fair Value, 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, 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, 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, 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, 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, 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 6,966 7,639
Fair Value, Recurring [Member] | Level 3 [Member] | Residential Mortgage Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 9,967 10,912
Fair Value, Recurring [Member] | Level 3 [Member] | Other Investments [Member] | Preferred Stock [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage-backed securities, at fair value 0  
Fair Value, 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 3,001 3,273
Fair Value, 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