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Repurchase Agreements (Tables)
 6 Months Ended
Jun. 30, 2020
Disclosure of Repurchase Agreements [Abstract]  
Schedule of Repurchase Agreements By Term, Short or Long
At June 30, 2020 and December 31, 2019, the repurchase agreement balances were as follows:
(in thousands)June 30,
2020		December 31,
2019
Short-term$16,991,248  $29,147,463  
Long-term—  —  
Total$16,991,248  $29,147,463  
Schedule of Repurchase Agreements by Maturity
At June 30, 2020 and December 31, 2019, the repurchase agreements had the following characteristics and remaining maturities:
June 30, 2020
Collateral Type
(in thousands)Agency RMBSNon-Agency SecuritiesAgency DerivativesMortgage Servicing RightsTotal Amount Outstanding
Within 30 days$6,031,999  $—  $38,983  $—  $6,070,982  
30 to 59 days5,009,742  807  12,388  —  5,022,937  
60 to 89 days4,421,259  1,849  1,768  —  4,424,876  
90 to 119 days—  —  —  —  —  
120 to 364 days1,472,453  —  —  —  1,472,453  
Total$16,935,453  $2,656  $53,139  $—  $16,991,248  
Weighted average borrowing rate
0.65 %2.48 %1.34 %— %0.65 %
December 31, 2019
Collateral Type
(in thousands)Agency RMBSNon-Agency SecuritiesAgency DerivativesMortgage Servicing RightsTotal Amount Outstanding
Within 30 days$5,112,681  $193,235  $—  $—  $5,305,916  
30 to 59 days6,074,151  212,998  13,223  —  6,300,372  
60 to 89 days6,355,887  329,493  1,905  —  6,687,285  
90 to 119 days4,227,589  489,352  23,276  —  4,740,217  
120 to 364 days5,532,219  306,529  12,310  262,615  6,113,673  
Total$27,302,527  $1,531,607  $50,714  $262,615  $29,147,463  
Weighted average borrowing rate
2.08 %2.90 %2.70 %3.51 %2.14 %
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets
The following table summarizes assets at carrying values that are pledged or restricted as collateral for the future payment obligations of repurchase agreements:
(in thousands)June 30,
2020		December 31,
2019
Available-for-sale securities, at fair value$17,300,640  $29,575,948  
Mortgage servicing rights, at fair value151,634  530,222  
Restricted cash364,028  919,010  
Due from counterparties21,364  102,365  
Derivative assets, at fair value72,103  68,874  
Total$17,909,769  $31,196,419