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SECURED FINANCING (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements Remaining Maturity ,Collateral Types and Weighted Average Rates
At December 31, 2022 and 2021, the repurchase agreements had the following remaining maturities, collateral types and weighted average rates: 
December 31, 2022
 Agency Mortgage-Backed SecuritiesCRTsNon-Agency Mortgage-Backed SecuritiesResidential Mortgage LoansCommercial Mortgage-Backed SecuritiesTotal Repurchase AgreementsWeighted Average Rate  
 (dollars in thousands)
1 day$— $— $— $— $— $— — %
2 to 29 days30,244,050 193,069 524,432 200,931 263,711 31,426,193 4.27 %
30 to 59 days21,200,770 149,733 632,673 — 124,390 22,107,566 4.18 %
60 to 89 days4,410,473 — 782,905 — 68,647 5,262,025 4.59 %
90 to 119 days— 125,893 73,251 168,656 — 367,800 5.82 %
Over 119 days (2)
— — — 349,013 — 349,013 6.37 %
Total$55,855,293 $468,695 $2,013,261 $718,600 $456,748 $59,512,597 4.29 %
December 31, 2021
 Agency Mortgage-Backed SecuritiesCRTsNon-Agency Mortgage-Backed SecuritiesResidential Mortgage Loans
Commercial Mortgage-Backed Securities (1)
Total Repurchase AgreementsWeighted Average Rate
 (dollars in thousands)
1 day$— $— $— $— $— $— — %
2 to 29 days26,435,408 133,525 246,707 — 197,834 27,013,474 0.14 %
30 to 59 days9,743,872 38,854 270,377 159,350 — 10,212,453 0.19 %
60 to 89 days6,021,850 4,071 351,426 — — 6,377,347 0.17 %
90 to 119 days4,812,345 — 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 $54,769,643 0.17 %
(1) Includes commercial mortgage-backed securities held for sale.
(2) No repurchase agreements had a remaining maturity over 1 year at December 31, 2022 and 2021.
Summary of Gross Amounts, Amounts Offset and net Amounts of Repurchase Agreement and Reverse Repurchase Agreement
The following table summarizes the gross amounts of reverse repurchase agreements and repurchase agreements, amounts offset in accordance with netting arrangements and net amounts of repurchase agreements and reverse repurchase agreements as presented in the Consolidated Statements of Financial Condition at December 31, 2022 and 2021. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.
 December 31, 2022December 31, 2021
 Reverse Repurchase AgreementsRepurchase AgreementsReverse Repurchase AgreementsRepurchase Agreements
 (dollars in thousands)
Gross amounts$— $59,512,597 $— $54,769,643 
Amounts offset— — — — 
Netted amounts$— $59,512,597 $— $54,769,643