Repurchase Agreements Repurchase Agreements (Tables)

9 Months Ended

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

	September 30, 2013
Collateral Type	Balance			Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	2,634,120		0.41	%	2,721,562
Agency CMBS	234,633			0.39	%	294,556
Agency CMBS IOs	377,977			1.17	%	463,894
Non-Agency RMBS	10,932			1.80	%	13,616
Non-Agency CMBS	298,548			1.29	%	364,977
Non-Agency CMBS IO	97,584			1.68	%	125,539
Securitization financing bonds	21,403			1.60	%	24,853
Deferred costs	(347		)	n/a		n/a
	$	3,674,850		0.59	%	$	4,008,997

	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]

Company has been able to extend the maturity dates for its repurchase agreements due to discontinuing cash flow hedge accounting. The following table provides a summary of the original maturities as of September 30, 2013 and December 31, 2012:

Original Maturity	September 30, 2013		December 31, 2012
30 days or less	$	486,150	$	622,957
31 to 60 days	677,725		1,263,105
61 to 90 days	333,007		298,660
91 to 120 days	1,021,594		1,092,681
121 to 150 days	583,888		—
Greater than 150 days	572,833		287,384
	$	3,675,197	$	3,564,787