SECURED FINANCING (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Repurchase Agreements Remaining Maturity ,Collateral Types and Weighted Average Rates

At March 31, 2022 and December 31, 2021, the repurchase agreements had the following remaining maturities, collateral types and weighted average rates:


March 31, 2022
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities		Total Repurchase Agreements		Weighted Average Rate
	(dollars in thousands)
1 day	$	16,400,000	$	—	$	—	$	—	$	—	$	16,400,000	0.32	%
2 to 29 days	10,752,049		44,492		222,229		—		9,169		11,027,939		0.29	%
30 to 59 days	5,887,961		—		235,736		—		—		6,123,697		0.38	%
60 to 89 days	9,641,859		112,023		519,321		—		64,021		10,337,224		0.53	%
90 to 119 days	348,901		—		72,783		—		—		421,684		0.32	%
Over 119 days (2)	6,875,415		172,411		586,818		437,269		244,046		8,315,959		0.64	%
Total	$	49,906,185	$	328,926	$	1,636,887	$	437,269	$	317,236	$	52,626,503	0.41	%


December 31, 2021
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities		Total Repurchase Agreements		Weighted Average Rate
	(dollars in thousands)
1 day	$	—	$	—	$	—	$	—	$	—	$	—	—	%
2 to 29 days	26,435,408		133,525		246,707		—		197,834		27,013,474		0.14	%
30 to 59 days	9,743,872		38,854		270,377		159,350		—		10,212,453		0.19	%
60 to 89 days	6,021,850		4,071		351,426		—		—		6,377,347		0.17	%
90 to 119 days	4,812,345		—		12,573		—		—		4,824,918		0.15	%
Over 119 days (2)	5,711,448		—		96,283		345,651		188,069		6,341,451		0.27	%
Total	$	52,724,923	$	176,450	$	977,366	$	505,001	$	385,903	$	54,769,643	0.17	%

(1) No repurchase agreements had a remaining maturity over 1 year at March 31, 2022 and December 31, 2021.

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, 2022 and December 31, 2021. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.


	March 31, 2022				December 31, 2021
	Reverse Repurchase Agreements		Repurchase Agreements		Reverse Repurchase Agreements		Repurchase Agreements
	(dollars in thousands)
Gross amounts	$	—	$	52,626,503	$	—	$	54,769,643
Amounts offset	—		—		—		—
Netted amounts	$	—	$	52,626,503	$	—	$	54,769,643