Repurchase Agreements (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Repurchase Agreements [Abstract]

Schedule of Repurchase Agreements

The following table represents the contractual repricing regarding our repurchase agreements to finance our MBS purchases at March 31, 2016 and December 31, 2015. No amounts below are subject to offsetting.

March 31, 2016	Repurchase Agreements		Weighted Average Contractual Rate		Weighted Average Maturity in days	Haircut for Repurchase Agreements (1)
Agency Securities	$	9,722,888	0.69	%	32	4.80	%
Non-Agency Securities	200,971		2.15	%	31	24.83	%
Total or Weighted Average	$	9,923,859	0.72	%	32	5.21	%

(1) The Haircut represents the weighted average margin requirement, or the percentage amount by which the collateral value must exceed the loan amount.

December 31, 2015	Repurchase Agreements		Weighted Average Contractual Rate		Weighted Average Maturity in days	Haircut for Repurchase Agreements (1)
Agency Securities	$	11,570,481	0.57	%	38	4.79	%
Total or Weighted Average	$	11,570,481	0.57	%	38	4.79	%

(1) The Haircut represents the weighted average margin requirement, or the percentage amount by which the collateral value must exceed the loan amount.

	March 31, 2016				December 31, 2015
Maturing or Repricing	Repurchase Agreements		Weighted Average Contractual Rate		Repurchase Agreements		Weighted Average Contractual Rate
Within 30 days	$	7,366,962	0.71	%	$	8,089,403	0.55	%
31 days to 60 days	1,794,880		0.70	%	2,487,174		0.57	%
61 days to 90 days	112,017		1.01	%	343,904		0.71	%
Greater than 90 days	650,000		0.81	%	650,000		0.67	%
Total or Weighted Average	$	9,923,859	0.72	%	$	11,570,481	0.57	%