|
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2014
|
Dec. 31, 2013
|
|---|---|---|
| ASSETS | ||
| Available-for-sale securities, at fair value | $ 14,341,102us-gaap_AvailableForSaleSecurities | $ 12,256,727us-gaap_AvailableForSaleSecurities |
| Trading securities, at fair value | 1,997,656us-gaap_TradingSecurities | 1,000,180us-gaap_TradingSecurities |
| Mortgage loans held-for-sale, at fair value | 535,712us-gaap_LoansAndLeasesReceivableNetReportedAmount | 544,581us-gaap_LoansAndLeasesReceivableNetReportedAmount |
| Mortgage loans held-for-investment in securitization trusts, at fair value | 1,744,746us-gaap_LoansAndLeasesReceivableNetReportedAmountOther | 792,390us-gaap_LoansAndLeasesReceivableNetReportedAmountOther |
| Mortgage servicing rights, at fair value | 452,006us-gaap_ServicingAssetAtFairValueAmount | 514,402us-gaap_ServicingAssetAtFairValueAmount |
| Cash and cash equivalents | 1,005,792us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,025,487us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Restricted cash | 336,771us-gaap_RestrictedCashAndCashEquivalents | 401,647us-gaap_RestrictedCashAndCashEquivalents |
| Accrued interest receivable | 65,529us-gaap_InterestReceivable | 50,303us-gaap_InterestReceivable |
| Due from counterparties | 35,625us-gaap_DueFromCorrespondentBrokers | 25,087us-gaap_DueFromCorrespondentBrokers |
| Derivative assets, at fair value | 380,791us-gaap_DerivativeFairValueOfDerivativeAsset | 549,859us-gaap_DerivativeFairValueOfDerivativeAsset |
| Other assets | 188,579us-gaap_OtherAssets | 13,199us-gaap_OtherAssets |
| Total Assets | 21,084,309us-gaap_Assets | 17,173,862us-gaap_Assets |
| Liabilities | ||
| Repurchase agreements | 12,932,463us-gaap_SecuritiesSoldUnderAgreementsToRepurchase | 12,250,450us-gaap_SecuritiesSoldUnderAgreementsToRepurchase |
| Collateralized borrowings in securitization trusts, at fair value | 1,209,663us-gaap_LongTermDebtFairValue | 639,731us-gaap_LongTermDebtFairValue |
| Federal Home Loan Bank advances | 2,500,000us-gaap_AdvancesFromFederalHomeLoanBanks | 0us-gaap_AdvancesFromFederalHomeLoanBanks |
| Derivative liabilities, at fair value | 90,233us-gaap_DerivativeFairValueOfDerivativeLiability | 22,081us-gaap_DerivativeFairValueOfDerivativeLiability |
| Accrued interest payable | 23,772us-gaap_InterestPayableCurrentAndNoncurrent | 20,277us-gaap_InterestPayableCurrentAndNoncurrent |
| Due to counterparties | 124,206us-gaap_DueToCorrespondentBrokers | 318,848us-gaap_DueToCorrespondentBrokers |
| Dividends payable | 95,263us-gaap_DividendsPayableCurrentAndNoncurrent | 0us-gaap_DividendsPayableCurrentAndNoncurrent |
| Other liabilities | 40,667us-gaap_OtherLiabilities | 67,480us-gaap_OtherLiabilities |
| Total liabilities | 17,016,267us-gaap_Liabilities | 13,318,867us-gaap_Liabilities |
| Stockholders' Equity | ||
| Preferred stock, par value $0.01 per share; 50,000,000 shares authorized; no shares issued and outstanding | 0us-gaap_PreferredStockValue | 0us-gaap_PreferredStockValue |
| Common stock, par value $0.01 per share; 900,000,000 shares authorized and 366,395,920 and 364,935,168 shares issued and outstanding, respectively | 3,664us-gaap_CommonStockValue | 3,649us-gaap_CommonStockValue |
| Additional paid-in capital | 3,811,027us-gaap_AdditionalPaidInCapital | 3,795,372us-gaap_AdditionalPaidInCapital |
| Accumulated other comprehensive income | 855,789us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | 444,735us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
| Cumulative earnings | 1,195,536two_RetainedEarnings | 1,028,397two_RetainedEarnings |
| Cumulative distributions to stockholders | (1,797,974)us-gaap_CumulativeDividends | (1,417,158)us-gaap_CumulativeDividends |
| Total stockholders’ equity | 4,068,042us-gaap_StockholdersEquity | 3,854,995us-gaap_StockholdersEquity |
| Total Liabilities and Stockholders’ Equity | 21,084,309us-gaap_LiabilitiesAndStockholdersEquity | 17,173,862us-gaap_LiabilitiesAndStockholdersEquity |
| Variable Interest Entity, Consolidated, Carrying Amount, Assets | 1,754,943us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets | 796,896us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets |
| Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | $ 1,219,821us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities | $ 644,051us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities |
| X | ||||||||||
|
- Definition
The cumulative amount of the reporting entity's earnings or deficit. No definition available.
|
| X | ||||||||||
|
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of borrowings as of the balance sheet date from the Federal Home Loan Bank, which are primarily used to cover shortages in the required reserve balance and liquidity shortages. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cumulative cash dividends distributed to shareholders. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount receivable from correspondent broker-dealer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount payable to correspondent broker-dealer. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of other loans and leases not otherwise specified in the taxonomy. Excludes loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of the consolidated Variable Interest Entity's assets included in the reporting entity's statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of the consolidated Variable Interest Entity's liabilities included in the reporting entity's statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|