Repurchase Agreements Repurchase Agreements (Tables)

3 Months Ended

Mar. 31, 2014

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, 2014 and December 31, 2013 by the fair value and type of securities pledged as collateral:

	March 31, 2014
Collateral Type	Balance			Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	2,350,781		0.39	%	2,421,202
Agency CMBS	265,475			0.37	%	330,182
Agency CMBS IOs	382,327			1.14	%	471,173
Non-Agency RMBS	11,905			1.77	%	14,691
Non-Agency CMBS	309,398			1.22	%	371,273
Non-Agency CMBS IO	149,105			1.23	%	187,227
Securitization financing bonds	16,692			1.52	%	18,607
Deferred costs	(139		)	n/a		n/a
	$	3,485,544		0.59	%	$	3,814,355

	December 31, 2013
Collateral Type	Balance			Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	2,522,503		0.42	%	2,598,158
Agency CMBS	246,849			0.39	%	306,318
Agency CMBS IOs	369,948			1.16	%	449,072
Non-Agency RMBS	10,569			1.80	%	12,746
Non-Agency CMBS	303,674			1.27	%	367,859
Non-Agency CMBS IOs	106,803			1.27	%	136,227
Securitization financing bonds	20,651			1.59	%	19,686
Deferred costs	(243		)	n/a		n/a
	$	3,580,754		0.61	%	$	3,890,066

Repurchase Agreements, Original Maturity Schedule [Table Text Block]

The following table provides a summary of the original maturities as of March 31, 2014 and December 31, 2013:

Original Maturity	March 31, 2014		December 31, 2013
30 days or less	$	369,542	$	206,112
31 to 60 days	715,516		492,145
61 to 90 days	987,579		665,020
91 to 120 days	545,628		783,371
121 to 190 days	867,418		1,434,349
	$	3,485,683	$	3,580,997