MORTGAGE-BACKED SECURITIES (Tables) - Residential Mortgage Backed Securities [Member]

9 Months Ended

Sep. 30, 2017

Mortgage Backed Securities [Line Items]

Schedule of RMBS portfolio

NOTE 2. MORTGAGE-BACKED SECURITIES

The following table presents the Company’s RMBS portfolio as of September 30, 2017 and December 31, 2016:

(in thousands)
		September 30, 2017		December 31, 2016
Pass-Through RMBS Certificates:
	Hybrid Adjustable-rate Mortgages	$	42,201	$	45,459
	Adjustable-rate Mortgages		1,783		2,062
	Fixed-rate Mortgages		3,740,658		2,826,694
	Total Pass-Through Certificates		3,784,642		2,874,215
Structured RMBS Certificates:
	Interest-Only Securities		90,551		69,726
	Inverse Interest-Only Securities		55,147		78,233
	Total Structured RMBS Certificates		145,698		147,959
Total		$	3,930,340	$	3,022,174

Schedule of RMBS portfolio according to the contractual maturities of the securities in the portfolio

The following table summarizes the Company’s RMBS portfolio as of September 30, 2017 and December 31, 2016, according to the contractual maturities of the securities in the portfolio. Actual maturities of RMBS investments are generally shorter than stated contractual maturities and are affected by the contractual lives of the underlying mortgages, periodic payments of principal, and prepayments of principal.

(in thousands)
	September 30, 2017		December 31, 2016
Greater than one year and less than five years	$	52	$	157
Greater than five years and less than ten years		2,771		277
Greater than or equal to ten years		3,927,517		3,021,740
Total	$	3,930,340	$	3,022,174