BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2018

Certain Characteristics of the Repurchase Agreements

The following table summarizes certain characteristics of the Company’s repurchase agreements at December 31, 2017. The Company was not party to any repurchase agreements at December 31, 2018:



	December 31, 2017
	Amount outstanding		Weighted average interest rate		Market value of collateral held
Agency	$	1,228,349,000	1.55	%	$	1,285,083,649
Non-Agency	2,555,000		3.38	%	4,399,779
Multi-Family	3,618,000		3.16	%	5,742,000
Total	$	1,234,522,000	1.56	%	$	1,295,225,428

Repurchase Agreements Remaining Maturities

At December 31, 2017, the repurchase agreements had the following remaining maturities. The Company was not party to any repurchase agreements at December 31, 2018:



	December 31, 2017
< or equal to 30 days	$	1,175,407,000
31 to 60 days	56,560,000
61 to 90 days	2,555,000
Total	$	1,234,522,000

Significant Counterparties of Repurchase Agreements

The following table summarizes certain characteristics of the Company’s repurchase agreements at December 31, 2017. The Company was not party to any repurchase agreements at December 31, 2018:



	December 31, 2017
Repurchase Agreement Counterparties	Amount Outstanding		Percent of total amount outstanding		Weighted average days to maturity	Market Value of collateral held
Wells Fargo Securities	$	—	—	%	0	—
Other North America	939,438,000		76.10	%	13	985,672,703
Asia⁽¹⁾	292,529,000		23.70	%	14	305,152,946
Europe⁽¹⁾	2,555,000		0.20	%	78	4,399,779
Total	$	1,234,522,000	100.00	%	13	$	1,295,225,428


(1)	Counterparties domiciled in Europe and Asia, or their U.S. subsidiaries.