Securitized Debt (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents the par value of the callable debt by year at December 31, 2019.



December 31, 2019
(dollars in thousands)
Year	Principal
2020	3,527,114
2021	2,841,599
2022	795,683
2023	105,417
Total	$	7,269,813

Non-Agency RMBS

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 December 31, 2019 and 2018, 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.



	December 31, 2019		December 31, 2018
	(dollars in thousands)
Within One Year	$	18,826	$	23,602
One to Three Years	18,332		30,803
Three to Five Years	4,453		8,047
Greater Than Five Years	665		3,605
Total	$	42,276	$	66,057

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 December 31, 2019 and 2018, 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.



	December 31, 2019		December 31, 2018
	(dollars in thousands)
Within One Year	$	1,582,646	$	1,608,381
One to Three Years	2,563,699		2,587,635
Three to Five Years	1,791,756		1,949,060
Greater Than Five Years	2,129,460		2,237,259
Total	$	8,067,561	$	8,382,335