Securitized Debt (Tables)

9 Months Ended

Sep. 30, 2016

The following table presents the par value of the callable debt by year at September 30, 2016.



September 30, 2016
(dollars in thousands)
Year	Principal
2016	1,627,066
2017	181,117
2018	1,252,873
2019	—
2020	3,995,109
Total	$	7,056,165

Non-agency MBS

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

The following table presents the estimated principal repayment schedule of the securitized debt collateralized by Non-Agency RMBS at September 30, 2016 and December 31, 2015, based on expected cash flows of the residential mortgage loans or RMBS, as adjusted for projected losses on the underlying collateral of the debt. All of the securitized debt recorded in the Company’s Consolidated Statements of Financial Condition is non-recourse to the Company.



	September 30, 2016		December 31, 2015
	(dollars in thousands)
Within One Year	$	118,371	$	137,642
One to Three Years	98,894		178,191
Three to Five Years	30,361		60,872
Greater Than Five Years	32,158		52,280
Total	$	279,784	$	428,985

Loans Held for Investment

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

The following table presents the estimated principal repayment schedule of the securitized debt collateralized by loans held for investment at September 30, 2016 and December 31, 2015, based on expected cash flows of the residential mortgage loans or RMBS, as adjusted for projected losses on the underlying collateral of the debt. All of the securitized debt recorded in the Company’s Consolidated Statements of Financial Condition is non-recourse to the Company.



	September 30, 2016		December 31, 2015
	(dollars in thousands)
Within One Year	$	1,174,427	$	591,171
One to Three Years	1,917,720		941,704
Three to Five Years	1,497,626		734,291
Greater Than Five Years	2,646,354		1,502,663
Total	$	7,236,127	$	3,769,829