10-Q Filing

MFA FINANCIAL, INC. CIK: 1055160 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001055160-14-000096`
Period End Date	20140630
Filing Date	20140804
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	mfa-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 102 Cash Flow Statement 83 Stockholders Equity 22 Comprehensive Income 44

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Agency MBS, at fair value, pledged as collateral (in dollars)	`AvailableForSaleSecuritiesPledgedAsCollateralAgency`	$6.15B	USD	Point-in-time
Agency MBS, at fair value, pledged as collateral (in dollars)	`AvailableForSaleSecuritiesPledgedAsCollateralAgency`	$6.14B	USD	Point-in-time
Non-Agency MBS, at fair value, pledged as collateral (in dollars)	`AvailableForSaleSecuritiesPledgedAsCollateralNonAgency`	$1.78B	USD	Point-in-time
Non-Agency MBS, at fair value, pledged as collateral (in dollars)	`AvailableForSaleSecuritiesPledgedAsCollateralNonAgency`	$1.74B	USD	Point-in-time
Agency MBS, at fair value ($6,150,048 and $6,142,306 pledged as collateral, respectively)	`AvailableForSaleSecuritiesAgency`	$6.55B	USD	Point-in-time
Agency MBS, at fair value ($6,150,048 and $6,142,306 pledged as collateral, respectively)	`AvailableForSaleSecuritiesAgency`	$6.52B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	8.05M	shares	Point-in-time
Non-Agency MBS, at fair value ($1,743,605 and $1,778,067 pledged as collateral, respectively)	`AvailableForSaleSecuritiesNonAgency`	$2.80B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	8.05M	shares	Point-in-time
Non-Agency MBS, at fair value ($1,743,605 and $1,778,067 pledged as collateral, respectively)	`AvailableForSaleSecuritiesNonAgency`	$2.57B	USD	Point-in-time
Non-Agency MBS transferred to consolidated variable interest entities (VIEs)	`NonAgencyMortgageBackedSecuritiesTransferredToConsolidatedVariableInterestEntity`	$2.28B	USD	Point-in-time
Non-Agency MBS transferred to consolidated variable interest entities (VIEs)	`NonAgencyMortgageBackedSecuritiesTransferredToConsolidatedVariableInterestEntity`	$2.20B	USD	Point-in-time
Preferred stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	Annual
Preferred stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	2 Qtrs
Preferred stock, shares issued	`PreferredStockSharesIssued`	8.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	8.00M	shares	Point-in-time
Securities obtained and pledged as collateral, at fair value	`SecuritiesReceivedAsCollateral`	$383.74M	USD	Point-in-time
Securities obtained and pledged as collateral, at fair value	`SecuritiesReceivedAsCollateral`	$446.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$343.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$401.29M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	8.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$565.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$448.28M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	8.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$37.52M	USD	Point-in-time
Preferred stock, aggregate liquidation preference (in dollars)	`PreferredStockLiquidationPreferenceValue`	$200.00M	USD	Point-in-time
Preferred stock, aggregate liquidation preference (in dollars)	`PreferredStockLiquidationPreferenceValue`	$200.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$54.43M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Interest receivable	`InterestReceivable`	$34.67M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Interest receivable	`InterestReceivable`	$35.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	886.95M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	886.95M	shares	Point-in-time
MBS linked transactions, net (Linked Transactions), at fair value	`MBSLinkedTransactionsNet`	$106.86M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	367.48M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	365.12M	shares	Point-in-time
MBS linked transactions, net (Linked Transactions), at fair value	`MBSLinkedTransactionsNet`	$28.18M	USD	Point-in-time
Interest rate swap agreements (Swaps), at fair value	`DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral`	$2.75M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	365.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	367.48M	shares	Point-in-time
Interest rate swap agreements (Swaps), at fair value	`DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral`	$13.00M	USD	Point-in-time
Goodwill	`Goodwill`	$7.19M	USD	Point-in-time
Goodwill	`Goodwill`	$7.19M	USD	Point-in-time
Prepaid and other assets (See Notes 2(d) and 15)	`PrepaidExpenseAndOtherAssets`	$29.72M	USD	Point-in-time
Prepaid and other assets (See Notes 2(d) and 15)	`PrepaidExpenseAndOtherAssets`	$104.07M	USD	Point-in-time
Total Assets	`Assets`	$12.65B	USD	Point-in-time
Total Assets	`Assets`	$12.47B	USD	Point-in-time
Repurchase agreements	`SecuritiesSoldUnderAgreementsToRepurchaseGross`	$8.38B	USD	Point-in-time
Repurchase agreements	`SecuritiesSoldUnderAgreementsToRepurchaseGross`	$8.34B	USD	Point-in-time
Securitized debt	`SecuritizedDebt`	$214.05M	USD	Point-in-time
Securitized debt	`SecuritizedDebt`	$366.20M	USD	Point-in-time
Obligation to return securities obtained as collateral, at fair value	`ObligationToReturnSecuritiesReceivedAsCollateral`	$446.38M	USD	Point-in-time
Obligation to return securities obtained as collateral, at fair value	`ObligationToReturnSecuritiesReceivedAsCollateral`	$383.74M	USD	Point-in-time
8% Senior Notes due 2042 (Senior Notes)	`SeniorNotes`	$100.00M	USD	Point-in-time
8% Senior Notes due 2042 (Senior Notes)	`SeniorNotes`	$100.00M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrentAndNoncurrent`	$10.91M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrentAndNoncurrent`	$14.73M	USD	Point-in-time
Swaps, at fair value	`DerivativeFairValueOfDerivativeLiability`	$57.43M	USD	Point-in-time
Swaps, at fair value	`DerivativeFairValueOfDerivativeLiability`	$28.22M	USD	Point-in-time
Dividends and dividend equivalents rights (DERs) payable	`DividendsPayableCurrentAndNoncurrent`	$73.64M	USD	Point-in-time
Dividends and dividend equivalents rights (DERs) payable	`DividendsPayableCurrentAndNoncurrent`	$80.44M	USD	Point-in-time
Dividends and dividend equivalents rights (DERs) payable	`DividendsPayableCurrentAndNoncurrent`	$74.10M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilities`	$23.83M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilities`	$88.60M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.38B	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.33B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)	`PreferredStockValue`	$80.00K	USD	Point-in-time
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)	`PreferredStockValue`	$80.00K	USD	Point-in-time
Common stock, $.01 par value; 886,950 shares authorized; 367,475 and 365,125 shares issued and outstanding, respectively	`CommonStockValue`	$3.67M	USD	Point-in-time
Common stock, $.01 par value; 886,950 shares authorized; 367,475 and 365,125 shares issued and outstanding, respectively	`CommonStockValue`	$3.65M	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$2.97B	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$2.99B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-571.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-571.42M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$851.03M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$737.70M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.14B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.28B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$12.47B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$12.65B	USD	Point-in-time

Income Statement 102 line items

Line Item	Tag	Value	Unit	Period
Agency MBS	`InterestIncomeAgencySecuritiesMortgageBacked`	$80.82M	USD	2 Qtrs
Agency MBS	`InterestIncomeAgencySecuritiesMortgageBacked`	$76.94M	USD	2 Qtrs
Agency MBS	`InterestIncomeAgencySecuritiesMortgageBacked`	$38.04M	USD	1 Quarter
Agency MBS	`InterestIncomeAgencySecuritiesMortgageBacked`	$37.61M	USD	1 Quarter
Non-Agency MBS	`InterestIncomeNonAgencySecuritiesMortgageBacked`	$44.00M	USD	1 Quarter
Non-Agency MBS	`InterestIncomeNonAgencySecuritiesMortgageBacked`	$43.47M	USD	1 Quarter
Non-Agency MBS	`InterestIncomeNonAgencySecuritiesMortgageBacked`	$86.63M	USD	2 Qtrs
Non-Agency MBS	`InterestIncomeNonAgencySecuritiesMortgageBacked`	$85.04M	USD	2 Qtrs
Non-Agency MBS transferred to consolidated VIEs	`InterestIncomeNonAgencySecuritiesMortgageBackedTransferredToConsolidatedVariableInterestEntity`	$38.60M	USD	1 Quarter
Non-Agency MBS transferred to consolidated VIEs	`InterestIncomeNonAgencySecuritiesMortgageBackedTransferredToConsolidatedVariableInterestEntity`	$76.21M	USD	2 Qtrs
Non-Agency MBS transferred to consolidated VIEs	`InterestIncomeNonAgencySecuritiesMortgageBackedTransferredToConsolidatedVariableInterestEntity`	$77.47M	USD	2 Qtrs
Non-Agency MBS transferred to consolidated VIEs	`InterestIncomeNonAgencySecuritiesMortgageBackedTransferredToConsolidatedVariableInterestEntity`	$37.54M	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$43.00K	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$72.00K	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$36.00K	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$17.00K	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$118.64M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$120.67M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$243.41M	USD	2 Qtrs
Interest Income	`InterestAndDividendIncomeOperating`	$239.82M	USD	2 Qtrs
Repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$73.42M	USD	2 Qtrs
Repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$33.40M	USD	1 Quarter
Repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$68.07M	USD	2 Qtrs
Repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$36.69M	USD	1 Quarter
Securitized debt	`InterestExpenseDebt`	$3.08M	USD	1 Quarter
Securitized debt	`InterestExpenseDebt`	$1.87M	USD	1 Quarter
Securitized debt	`InterestExpenseDebt`	$6.55M	USD	2 Qtrs
Securitized debt	`InterestExpenseDebt`	$4.06M	USD	2 Qtrs
Senior Notes	`InterestExpenseOtherLongTermDebt`	$4.01M	USD	2 Qtrs
Senior Notes	`InterestExpenseOtherLongTermDebt`	$4.01M	USD	2 Qtrs
Senior Notes	`InterestExpenseOtherLongTermDebt`	$2.01M	USD	1 Quarter
Senior Notes	`InterestExpenseOtherLongTermDebt`	$2.01M	USD	1 Quarter
Total Interest Expense	`InterestExpense`	$78.64M	USD	2 Qtrs
Total Interest Expense	`InterestExpense`	$38.48M	USD	1 Quarter
Total Interest Expense	`InterestExpense`	$40.57M	USD	1 Quarter
Total Interest Expense	`InterestExpense`	$81.49M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$78.07M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$164.77M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$158.33M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$82.19M	USD	1 Quarter
Unrealized net gains/(losses) and net interest income from Linked Transactions	`GainOnLinkedTransactions`	$1.24M	USD	2 Qtrs
Unrealized net gains/(losses) and net interest income from Linked Transactions	`GainOnLinkedTransactions`	$7.03M	USD	2 Qtrs
Unrealized net gains/(losses) and net interest income from Linked Transactions	`GainOnLinkedTransactions`	$3.78M	USD	1 Quarter
Unrealized net gains/(losses) and net interest income from Linked Transactions	`GainOnLinkedTransactions`	$-295.00K	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities, net	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$7.85M	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities, net	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$4.37M	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities, net	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$6.00M	USD	2 Qtrs
Gain on sales of MBS and U.S. Treasury securities, net	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$11.42M	USD	2 Qtrs
Other, net	`NoninterestIncomeOtherOperatingIncome`	$292.00K	USD	2 Qtrs
Other, net	`NoninterestIncomeOtherOperatingIncome`	$110.00K	USD	2 Qtrs
Other, net	`NoninterestIncomeOtherOperatingIncome`	$708.00K	USD	1 Quarter
Other, net	`NoninterestIncomeOtherOperatingIncome`	$55.00K	USD	1 Quarter
Other Income, net	`NoninterestIncome`	$12.34M	USD	1 Quarter
Other Income, net	`NoninterestIncome`	$18.74M	USD	2 Qtrs
Other Income, net	`NoninterestIncome`	$7.35M	USD	2 Qtrs
Other Income, net	`NoninterestIncome`	$4.12M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$5.90M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$12.41M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$5.28M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$10.56M	USD	2 Qtrs
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$8.51M	USD	2 Qtrs
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$3.56M	USD	1 Quarter
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$4.55M	USD	1 Quarter
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$6.74M	USD	2 Qtrs
Excise tax and interest	`ExciseTaxesandInterestExpense`	$2.00M	USD	1 Quarter
Excise tax and interest	`ExciseTaxesandInterestExpense`	$1.18M	USD	2 Qtrs
Excise tax and interest	`ExciseTaxesandInterestExpense`	$2.00M	USD	2 Qtrs
Excise tax and interest	`ExciseTaxesandInterestExpense`	$1.18M	USD	1 Quarter
Other investment related operating expenses	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Other investment related operating expenses	`OtherCostAndExpenseOperating`	-	USD	2 Qtrs
Other investment related operating expenses	`OtherCostAndExpenseOperating`	$61.00K	USD	1 Quarter
Other investment related operating expenses	`OtherCostAndExpenseOperating`	$61.00K	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$11.68M	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$22.15M	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$19.30M	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$10.85M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$154.91M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$75.47M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$78.73M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$152.82M	USD	2 Qtrs
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$4.21M	USD	1 Quarter
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$7.50M	USD	2 Qtrs
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$6.25M	USD	2 Qtrs
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.75M	USD	1 Quarter
Less Issuance Costs of Redeemed Preferred Stock	`PreferredStockRedemptionPremium`	$3.95M	USD	1 Quarter
Less Issuance Costs of Redeemed Preferred Stock	`PreferredStockRedemptionPremium`	$3.95M	USD	2 Qtrs
Less Issuance Costs of Redeemed Preferred Stock	`PreferredStockRedemptionPremium`	-	USD	1 Quarter
Less Issuance Costs of Redeemed Preferred Stock	`PreferredStockRedemptionPremium`	-	USD	2 Qtrs
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasic`	$147.41M	USD	2 Qtrs
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasic`	$142.63M	USD	2 Qtrs
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasic`	$67.32M	USD	1 Quarter
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasic`	$74.98M	USD	1 Quarter
Earnings per Common Share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Earnings per Common Share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.39	USD	2 Qtrs
Earnings per Common Share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	1 Quarter
Earnings per Common Share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.40	USD	2 Qtrs
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.94	USD	2 Qtrs
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	Point-in-time
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	Point-in-time
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	2 Qtrs

Cash Flow Statement 83 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$154.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$75.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$152.82M	USD	2 Qtrs
Gain on sales of MBS and U.S. Treasury securities	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$7.85M	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$4.37M	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$6.00M	USD	2 Qtrs
Gain on sales of MBS and U.S. Treasury securities	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$11.42M	USD	2 Qtrs
Accretion of purchase discounts on MBS and other investments	`AccretionOfPurchaseDiscounts`	$28.76M	USD	2 Qtrs
Accretion of purchase discounts on MBS and other investments	`AccretionOfPurchaseDiscounts`	$48.43M	USD	2 Qtrs
Amortization of purchase premiums on MBS	`AmortizationOfPurchasePremiums`	$31.30M	USD	2 Qtrs
Amortization of purchase premiums on MBS	`AmortizationOfPurchasePremiums`	$17.68M	USD	2 Qtrs
Depreciation and amortization on fixed assets and other assets	`DepreciationAndAmortization`	$657.00K	USD	2 Qtrs
Depreciation and amortization on fixed assets and other assets	`DepreciationAndAmortization`	$2.16M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$3.09M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$2.19M	USD	2 Qtrs
Unrealized gains on derivative instruments	`UnrealizedGainLossOnDerivatives`	$4.09M	USD	2 Qtrs
Unrealized gains on derivative instruments	`UnrealizedGainLossOnDerivatives`	$466.00K	USD	2 Qtrs
Decrease in interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-1.14M	USD	2 Qtrs
Decrease in interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-3.14M	USD	2 Qtrs
Increase in prepaid and other assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.94M	USD	2 Qtrs
Increase in prepaid and other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.09M	USD	2 Qtrs
(Decrease)/increase in accrued expenses and other liabilities, and excise tax and interest	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.19M	USD	2 Qtrs
(Decrease)/increase in accrued expenses and other liabilities, and excise tax and interest	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.72M	USD	2 Qtrs
Increase/(decrease) in accrued interest payable on financial instruments	`IncreaseDecreaseInInterestPayableNet`	$-4.77M	USD	2 Qtrs
Increase/(decrease) in accrued interest payable on financial instruments	`IncreaseDecreaseInInterestPayableNet`	$18.55M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$141.25M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$114.96M	USD	2 Qtrs
Principal payments on MBS and other investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$935.41M	USD	2 Qtrs
Principal payments on MBS and other investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$1.48B	USD	2 Qtrs
Proceeds from sale of MBS and U.S. Treasury securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$42.03M	USD	2 Qtrs
Proceeds from sale of MBS and U.S. Treasury securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$216.08M	USD	2 Qtrs
Purchases of MBS and other investments	`PaymentsToAcquireInvestments`	$1.25B	USD	2 Qtrs
Purchases of MBS and other investments	`PaymentsToAcquireInvestments`	$955.98M	USD	2 Qtrs
Additions to leasehold improvements, furniture and fixtures	`PaymentsToAcquireProductiveAssets`	$221.00K	USD	2 Qtrs
Additions to leasehold improvements, furniture and fixtures	`PaymentsToAcquireProductiveAssets`	$135.00K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$447.69M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$21.25M	USD	2 Qtrs
Principal payments on repurchase agreements	`PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase`	$41.17B	USD	2 Qtrs
Principal payments on repurchase agreements	`PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase`	$39.28B	USD	2 Qtrs
Proceeds from borrowings under repurchase agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$41.22B	USD	2 Qtrs
Proceeds from borrowings under repurchase agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$39.44B	USD	2 Qtrs
Principal payments on securitized debt	`PaymentsOnSecuritizedDebt`	$151.30M	USD	2 Qtrs
Principal payments on securitized debt	`PaymentsOnSecuritizedDebt`	$203.07M	USD	2 Qtrs
Payments made on obligation to return securities obtained as collateral	`RepaymentsOfSecuritiesReceivedAsCollateral`	-	USD	2 Qtrs
Payments made on obligation to return securities obtained as collateral	`RepaymentsOfSecuritiesReceivedAsCollateral`	$300.12M	USD	2 Qtrs
Cash disbursements on financial instruments underlying Linked Transactions	`PrincipalPaymentsOnLinkedTransactions`	$114.90M	USD	2 Qtrs
Cash disbursements on financial instruments underlying Linked Transactions	`PrincipalPaymentsOnLinkedTransactions`	$1.14B	USD	2 Qtrs
Cash received from financial instruments underlying Linked Transactions	`ProceedsFromLinkedTransactions`	$1.07B	USD	2 Qtrs
Cash received from financial instruments underlying Linked Transactions	`ProceedsFromLinkedTransactions`	$117.55M	USD	2 Qtrs
Payments made for margin calls on repurchase agreements and Swaps	`PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives`	$3.00K	USD	2 Qtrs
Payments made for margin calls on repurchase agreements and Swaps	`PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives`	$87.70M	USD	2 Qtrs
Proceeds from reverse margin calls on repurchase agreements and Swaps	`ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives`	$2.00M	USD	2 Qtrs
Proceeds from reverse margin calls on repurchase agreements and Swaps	`ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives`	$48.40M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$16.85M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$40.40M	USD	2 Qtrs
Payments made for redemption of Series A Preferred Stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	-	USD	2 Qtrs
Payments made for redemption of Series A Preferred Stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$96.00M	USD	2 Qtrs
Proceeds from issuance of Series B Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$200.00M	USD	2 Qtrs
Proceeds from issuance of Series B Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Payments made for preferred stock offering costs	`PaymentsOfStockIssuanceCosts`	$6.68M	USD	2 Qtrs
Payments made for preferred stock offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$6.25M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$7.50M	USD	2 Qtrs
Dividends paid on common stock and DERs	`PaymentsOfDividendsCommonStock`	$146.83M	USD	2 Qtrs
Dividends paid on common stock and DERs	`PaymentsOfDividendsCommonStock`	$331.69M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-357.86M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-541.95M	USD	2 Qtrs
Net (decrease)/increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-221.65M	USD	2 Qtrs
Net (decrease)/increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$46.99M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$343.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$401.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$565.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$448.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$343.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$401.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$565.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$448.28M	USD	Point-in-time
Net increase in securities obtained as collateral/obligation to return securities obtained as collateral	`SecuritiesObtainedAsCollateralNetOfReturns`	$50.38M	USD	2 Qtrs
Net increase in securities obtained as collateral/obligation to return securities obtained as collateral	`SecuritiesObtainedAsCollateralNetOfReturns`	$200.10M	USD	2 Qtrs
Dividends and DERs declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$73.64M	USD	Point-in-time
Dividends and DERs declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$80.44M	USD	Point-in-time
Dividends and DERs declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$74.10M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Amount surrendered for tax purposes, equity-based compensation awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$480.00K	USD	2 Qtrs
Shares for tax withholding, equity-based compensation awards	`SharesPaidForTaxWithholdingForShareBasedCompensation`	64,012.00	shares	2 Qtrs
Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	Annual
Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	2 Qtrs
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.28B	USD	Point-in-time
Net income	`NetIncomeLoss`	$154.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$75.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$152.82M	USD	2 Qtrs
Dividends declared on preferred stock	`DividendsPreferredStock`	$7.50M	USD	2 Qtrs
Dividends declared on preferred stock	`DividendsPreferredStock`	$3.75M	USD	1 Quarter
Dividends declared on preferred stock	`DividendsPreferredStock`	$4.21M	USD	1 Quarter
Dividends declared on preferred stock	`DividendsPreferredStock`	$6.25M	USD	2 Qtrs
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-242.02M	USD	1 Quarter
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$152.79M	USD	2 Qtrs
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-123.94M	USD	2 Qtrs
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$86.48M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.14B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.28B	USD	Point-in-time

Comprehensive Income 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$154.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$75.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$152.82M	USD	2 Qtrs
Unrealized gain/(loss) on Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$-140.48M	USD	1 Quarter
Unrealized gain/(loss) on Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$43.09M	USD	1 Quarter
Unrealized gain/(loss) on Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$-167.77M	USD	2 Qtrs
Unrealized gain/(loss) on Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$60.94M	USD	2 Qtrs
Unrealized gain/(loss) on Non-Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnNonAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$101.55M	USD	2 Qtrs
Unrealized gain/(loss) on Non-Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnNonAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$50.14M	USD	1 Quarter
Unrealized gain/(loss) on Non-Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnNonAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$-98.28M	USD	1 Quarter
Unrealized gain/(loss) on Non-Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnNonAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$48.39M	USD	2 Qtrs
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$4.55M	USD	2 Qtrs
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$6.75M	USD	1 Quarter
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$3.25M	USD	1 Quarter
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$9.70M	USD	2 Qtrs
Unrealized (loss)/gain on derivative hedging instruments, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$18.55M	USD	1 Quarter
Unrealized (loss)/gain on derivative hedging instruments, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-27.63M	USD	1 Quarter
Unrealized (loss)/gain on derivative hedging instruments, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-39.90M	USD	2 Qtrs
Unrealized (loss)/gain on derivative hedging instruments, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$30.86M	USD	2 Qtrs
Reclassification of unrealized loss on de-designated derivative hedging instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	-	USD	1 Quarter
Reclassification of unrealized loss on de-designated derivative hedging instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	-	USD	1 Quarter
Reclassification of unrealized loss on de-designated derivative hedging instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-447.00K	USD	2 Qtrs
Reclassification of unrealized loss on de-designated derivative hedging instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	-	USD	2 Qtrs
Other Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-223.47M	USD	1 Quarter
Other Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$113.34M	USD	2 Qtrs
Other Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$58.85M	USD	1 Quarter
Other Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-93.07M	USD	2 Qtrs
Comprehensive income/(loss) before preferred stock dividends and issuance costs of redeemed preferred stock	`ComprehensiveIncomeNetOfTax`	$-148.00M	USD	1 Quarter
Comprehensive income/(loss) before preferred stock dividends and issuance costs of redeemed preferred stock	`ComprehensiveIncomeNetOfTax`	$268.25M	USD	2 Qtrs
Comprehensive income/(loss) before preferred stock dividends and issuance costs of redeemed preferred stock	`ComprehensiveIncomeNetOfTax`	$137.57M	USD	1 Quarter
Comprehensive income/(loss) before preferred stock dividends and issuance costs of redeemed preferred stock	`ComprehensiveIncomeNetOfTax`	$59.75M	USD	2 Qtrs
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$4.21M	USD	1 Quarter
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$7.50M	USD	2 Qtrs
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$6.25M	USD	2 Qtrs
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$3.75M	USD	1 Quarter
Issuance costs of redeemed preferred stock	`PreferredStockRedemptionPremium`	$3.95M	USD	1 Quarter
Issuance costs of redeemed preferred stock	`PreferredStockRedemptionPremium`	$3.95M	USD	2 Qtrs
Issuance costs of redeemed preferred stock	`PreferredStockRedemptionPremium`	-	USD	1 Quarter
Issuance costs of redeemed preferred stock	`PreferredStockRedemptionPremium`	-	USD	2 Qtrs
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$260.75M	USD	2 Qtrs
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$-156.15M	USD	1 Quarter
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$49.55M	USD	2 Qtrs
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$133.82M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.