Repurchase Agreements Repurchase Agreements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2013 and December 31, 2012 by the fair value and type of securities pledged as collateral to the repurchase agreements:

	June 30, 2013
Collateral Type	Balance			Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	2,885,261		0.40	%	$	2,994,711
Agency CMBS	244,739			0.39	%	295,461
Agency CMBS IOs	439,482			1.19	%	541,133
Non-Agency RMBS	8,986			1.88	%	10,796
Non-Agency CMBS	368,060			1.32	%	432,212
Non-Agency CMBS IO	102,298			1.38	%	130,605
Securitization financing bonds	23,017			1.61	%	25,893
Deferred costs	(451		)	n/a		n/a
	$	4,071,392		0.60	%	$	4,430,811

	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		0.70	%	$	3,935,504

Repurchase Agreements, Original Maturity Schedule [Table Text Block]

 The following table provides a summary of the original maturities as of June 30, 2013 and December 31, 2012:

Original Maturity	June 30, 2013		December 31, 2012
30 days or less	$	1,677,943	$	622,957
31 to 60 days	1,121,607		1,263,105
61 to 90 days	353,523		298,660
Greater than 90 days	918,770		1,380,065
	$	4,071,843	$	3,564,787