Repurchase Agreements (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of Repurchase Agreements [Abstract]

Schedule of Repurchase Agreements

The following table represents the contractual repricing regarding our repurchase agreements to finance MBS purchases at December 31, 2019 and December 31, 2018. No amounts below are subject to offsetting.

	Balance		Weighted Average Contractual Rate		Weighted Average Maturity in days	Haircut (1)
December 31, 2019
Agency Securities
≤ 30 days	$	10,241,137	2.56	%	8	4.35	%
> 30 days to ≤ 60 days	426,147		1.99	%	34	4.61	%
Total or Weighted Average	10,667,284		2.54	%	9	4.36	%
Credit Risk and Non-Agency Securities
≤ 30 days	687,263		2.45	%	15	16.25	%
Total or Weighted Average	$	11,354,547	2.54	%	9	5.16	%
December 31, 2018
Agency Securities
≤ 30 days	$	5,213,145	3.03	%	10	4.25	%
> 30 days to ≤ 60 days	1,243,678		2.60	%	34	4.10	%
Total or Weighted Average	6,456,823		2.95	%	14	4.22	%
Credit Risk and Non-Agency Securities
≤ 30 days	580,828		3.23	%	14	17.79	%
Total or Weighted Average	$	7,037,651	2.97	%	14	5.48	%

(1)

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