Collateral Positions (Tables)

6 Months Ended

Jun. 30, 2013

Collateral Positions

Summary of collateral positions, with respect to borrowings under repurchase agreements, derivatives and clearing margin account

The following tables summarize the Company’s collateral positions, with respect to its borrowings under repurchase agreements, derivatives and clearing margin account at June 30, 2013 and December 31, 2012 (dollars in thousands):

	June 30, 2013
	Assets Pledged- Fair Value		Accrued Interest		Fair Value of Assets Pledged and Accrued Interest
Assets pledged for borrowings under repurchase agreements:
Agency RMBS	$	4,001,774	$	14,957	$	4,016,731
Non-Agency RMBS	144,872		111		144,983
Cash (1)	123,232		—		123,232
Cash collateral for derivatives (1):	11,177		—		11,177
Total	$	4,281,055	$	15,068	$	4,296,123

	December 31, 2012
	Assets Pledged - Fair Value		Accrued Interest, as Revised(2)		Fair Value of Assets Pledged and Accrued Interest, as Revised(2)
Assets pledged for borrowings under repurchase agreements:
Agency RMBS	$	5,043,824	$	15,552	$	5,059,376
Cash (1)	35,982		—		35,982
Cash collateral for derivatives (1):	18,160		—		18,160
Total	$	5,097,966	$	15,552	$	5,113,518

(1)  Cash posted as collateral is included in Due from counterparties on the Company’s Balance Sheets.

(2)  The accrued interest related to Agency RMBS was incorrectly disclosed as $67,551 in prior disclosure, and has been revised above.