Repurchase Agreements (Tables)

3 Months Ended

Mar. 31, 2015

Contractual Maturity Information Regarding Repurchase Agreements

The Company uses repurchase agreements to finance MBS purchases. These repurchase agreements are collateralized by the Company’s MBS and typically bear interest at rates that are closely related to LIBOR. At March 31, 2015 and December 31, 2014, the Company had repurchase indebtedness outstanding with 28 and 25 counterparties with a weighted average remaining contractual maturity of 1.2 and 1.0 months, respectively.

The following table presents contractual maturity information regarding the Company’s repurchase agreements:

	March 31, 2015					December 31, 2014
			Weighted Average					Weighted Average
	Balance		Contractual Rate			Balance		Contractual Rate
Within 30 days	$	13,219,872		0.37	%	$	13,770,099		0.35	%
30 days to 3 months		1,138,666		0.37	%		1,489,732		0.36	%
3 months to 36 months		750,000		0.53	%		500,000		0.53	%
	$	15,108,538		0.37	%	$	15,759,831		0.36	%