XML 53 R41.htm IDEA: XBRL DOCUMENT v3.21.1
SECURED FINANCING (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements Remaining Maturity ,Collateral Types and Weighted Average Rates
At March 31, 2021 and December 31, 2020, the repurchase agreements had the following remaining maturities, collateral types and weighted average rates: 
March 31, 2021
 Agency Mortgage-Backed SecuritiesCRTsNon-Agency Mortgage-Backed SecuritiesResidential Mortgage Loans
Commercial Mortgage-Backed Securities (1)
Total Repurchase AgreementsWeighted Average Rate  
 (dollars in thousands)
1 day$7,222,420 $— $— $— $— $7,222,420 0.06 %
2 to 29 days15,992,325 280,544 421,388 — 298,047 16,992,304 0.19 %
30 to 59 days7,127,492 59,558 158,556 — 14,929 7,360,535 0.20 %
60 to 89 days9,066,985 — 179,935 239,985 — 9,486,905 0.31 %
90 to 119 days3,781,467 — — — — 3,781,467 0.24 %
Over 119 days (1)
16,210,783 — 133,604 — 14,459 16,358,846 0.21 %
Total$59,401,472 $340,102 $893,483 $239,985 $327,435 $61,202,477 0.20 %
December 31, 2020
 Agency Mortgage-Backed SecuritiesCRTsNon-Agency Mortgage-Backed SecuritiesResidential Mortgage LoansCommercial
Loans		Commercial Mortgage-Backed SecuritiesTotal Repurchase AgreementsWeighted
Average
Rate
 (dollars in thousands)
1 day$— $— $— $— $— $— $— — %
2 to 29 days30,151,875 129,993 354,904 $76,799 — 128,267 30,841,838 0.29 %
30 to 59 days10,247,972 16,073 161,274 $— — 142,336 10,567,655 0.42 %
60 to 89 days8,181,410 99,620 259,401 $— — 28,406 8,568,837 0.30 %
90 to 119 days2,154,733 — — $— — — 2,154,733 0.23 %
Over 119 days (1)
12,008,920 — 274,860 $107,924 271,801 28,671 12,692,176 0.36 %
Total$62,744,910 $245,686 $1,050,439 $184,723 $271,801 $327,680 $64,825,239 0.32 %
 (1)    Includes commercial mortgage-backed securities held for sale.
 (2)    No repurchase agreements had a remaining maturity over 1 year at March 31, 2021. Less than 1% of the total repurchase agreements had a remaining maturity over 1 year at December 31, 2020.
Summary of Gross Amounts, Amounts Offset and net Amounts of Repurchase Agreement and Reverse Repurchase Agreement
The following table summarizes the gross amounts of reverse repurchase agreements and repurchase agreements, amounts offset in accordance with netting arrangements and net amounts of repurchase agreements and reverse repurchase agreements as presented in the Consolidated Statements of Financial Condition at March 31, 2021 and December 31, 2020. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.
 March 31, 2021December 31, 2020
 Reverse Repurchase AgreementsRepurchase AgreementsReverse Repurchase AgreementsRepurchase Agreements
 (dollars in thousands)
Gross amounts$300,000 $61,502,477 $250,000 $65,075,239 
Amounts offset(300,000)(300,000)(250,000)(250,000)
Netted amounts$— $61,202,477 $— $64,825,239