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Repurchase Agreements (Tables)
 9 Months Ended
Sep. 30, 2020
Disclosure of Repurchase Agreements [Abstract]  
Schedule of Repurchase Agreements By Term, Short or Long
At September 30, 2020 and December 31, 2019, the repurchase agreement balances were as follows:
(in thousands)September 30,
2020		December 31,
2019
Short-term$16,376,696 $29,147,463 
Long-term— — 
Total$16,376,696 $29,147,463 
Schedule of Repurchase Agreements by Maturity
At September 30, 2020 and December 31, 2019, the repurchase agreements had the following characteristics and remaining maturities:
September 30, 2020
Collateral Type
(in thousands)Agency RMBSNon-Agency SecuritiesAgency DerivativesMortgage Servicing RightsTotal Amount Outstanding
Within 30 days$3,754,489 $— $36,500 $— $3,790,989 
30 to 59 days3,903,905 2,371 14,082 — 3,920,358 
60 to 89 days— — — — — 
90 to 119 days3,644,581 — — — 3,644,581 
120 to 364 days5,019,249 — 1,519 — 5,020,768 
Total$16,322,224 $2,371 $52,101 $— $16,376,696 
Weighted average borrowing rate
0.28 %2.30 %1.02 %— %0.29 %
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)September 30,
2020		December 31,
2019
Available-for-sale securities, at fair value$16,550,904 $29,575,948 
Mortgage servicing rights, at fair value— 530,222 
Restricted cash456,898 919,010 
Due from counterparties32,507 102,365 
Derivative assets, at fair value66,785 68,874 
Total$17,107,094 $31,196,419