Repurchase Agreements Repurchase Agreements (Tables)

3 Months Ended

Mar. 31, 2013

Transfers and Servicing [Abstract]

Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings [Table Text Block]

The following tables present the components of the Company’s repurchase agreements as of March 31, 2013 and December 31, 2012 by the fair value and type of securities pledged as collateral to the repurchase agreements:

	March 31, 2013
Collateral Type	Balance			Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	2,476,620		0.43	%	$	2,589,965
Agency CMBS	245,723			0.41	%	286,951
Agency CMBS IOs	477,290			1.20	%	599,086
Non-Agency RMBS	7,283			1.85	%	8,289
Non-Agency CMBS	392,609			1.32	%	475,709
Non-Agency CMBS IO	85,720			1.47	%	111,406
Securitization financing bonds	23,566			1.61	%	26,945
Deferred costs	(556		)	n/a		n/a
	$	3,708,255		0.65	%	$	4,098,351

	December 31, 2012
Collateral Type	Balance			Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	2,365,982		0.48	%	$	2,458,200
Agency CMBS	248,771			0.47	%	291,445
Agency CMBS IOs	443,540			1.22	%	565,494
Non-Agency RMBS	7,808			1.84	%	9,634
Non-Agency CMBS	382,352			1.34	%	465,306
Non-Agency CMBS IOs	88,221			1.46	%	113,942
Securitization financing bonds	28,113			1.64	%	31,483
Deferred costs	(659		)	n/a		n/a
	$	3,564,128		0.61	%	$	3,935,504

Repurchase Agreements, Original Maturity Schedule [Table Text Block]

 The following table provides a summary of the original maturities as of March 31, 2013 and December 31, 2012:

Original Maturity	March 31, 2013		December 31, 2012
30 days or less	$	1,030,894	$	622,957
31 to 60 days	1,333,963		1,263,105
61 to 90 days	969,050		298,660
Greater than 90 days	374,904		1,380,065
	$	3,708,811	$	3,564,787