SECURED FINANCING (Tables)

9 Months Ended

Sep. 30, 2024

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

At September 30, 2024 and December 31, 2023, the repurchase agreements had the following remaining maturities and collateral types:


September 30, 2024
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities				Total Repurchase Agreements
	(dollars in thousands)
1 day	$	24,998,317	$	175,637	$	41,503	$	—	$	—			$	25,215,457
2 to 29 days	655,425		275,927		846,860		221,231		95,291				2,094,734
30 to 59 days	34,198,599		—		589,802		26,404		—				34,814,805
60 to 89 days	2,594,869		142,486		611,235		452,799		—				3,801,389
90 to 119 days	1,675		47,353		82,050		—		—				131,078
Over 119 days (1)	—		—		364,920		566,773		—				931,693
Total	$	62,448,885	$	641,403	$	2,536,370	$	1,267,207	$	95,291			$	66,989,156

Amounts offset in accordance with netting arrangements.											(2,678,880)
Net amounts of Repurchase agreements as presented in the Consolidated Statements of Financial Condition.											$	64,310,276


December 31, 2023
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities				Total Repurchase Agreements
	(dollars in thousands)
1 day	$	—	$	—	$	—	$	—	$	—			$	—
2 to 29 days	33,492,952		555,568		840,400		—		191,276				35,080,196
30 to 59 days	18,090,265		—		528,341		—		—				18,618,606
60 to 89 days	6,479,206		139,952		579,611		—		—				7,198,769
90 to 119 days	—		—		39,714		207,592		—				247,306
Over 119 days (1)	2,511,003		—		169,697		644,259		—				3,324,959
Total	$	60,573,426	$	695,520	$	2,157,763	$	851,851	$	191,276			$	64,469,836

Amounts offset in accordance with netting arrangements.											(2,268,293)
Net amounts of Repurchase agreements as presented in the Consolidated Statements of Financial Condition.											$	62,201,543

(1) Less than 1% of repurchase agreements had a remaining maturity over 1 year at September 30, 2024. No repurchase agreements had a remaining maturity over 1 year at December 31, 2023.

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 September 30, 2024 and December 31, 2023. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.


	September 30, 2024				December 31, 2023
	Reverse Repurchase Agreements		Repurchase Agreements		Reverse Repurchase Agreements		Repurchase Agreements
	(dollars in thousands)
Gross amounts	$	2,678,880	$	66,989,156	$	2,268,293	$	64,469,836
Amounts offset	(2,678,880)		(2,678,880)		(2,268,293)		(2,268,293)
Netted amounts	$	—	$	64,310,276	$	—	$	62,201,543