PLEDGED ASSETS (Tables)

9 Months Ended

Sep. 30, 2018

Financial Instruments Pledged as Collateral [Abstract]

Schedule of assets pledged as collateral under our repurchase agreements, prime brokerage clearing accounts, derivative agreements and insurance capital by type, including securities pledged related to securities sold but not yet settled

Assets Pledged to Counterparties

The table below summarizes our assets pledged as collateral under our repurchase agreements and derivative agreements by type, including securities pledged related to securities sold but not yet settled, as of September 30, 2018 and December 31, 2017.

(in thousands)
	September 30, 2018						December 31, 2017
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	3,366,607	$	10,955	$	3,377,562	$	3,612,244	$	-	$	3,612,244
Structured RMBS - fair value		121,163		-		121,163		100,317		-		100,317
Accrued interest on pledged securities		13,740		36		13,776		13,962		-		13,962
Restricted cash		25,816		5,112		30,928		25,296		7,053		32,349
Total	$	3,527,326	$	16,103	$	3,543,429	$	3,751,819	$	7,053	$	3,758,872

Schedule of assets pledged to us from counterparties under our repurchase agreements.

Assets Pledged from Counterparties

The table below summarizes our assets pledged to us from counterparties under our repurchase agreements and derivative agreements as of September 30, 2018 and December 31, 2017.

(in thousands)
	September 30, 2018							December 31, 2017
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	82	$	9,330	$	9,412	$	67	$	3,564	$	3,631
Total	$	82	$	9,330	$	9,412	$	67	$	3,564	$	3,631