Repurchase Agreements Repurchase Agreements (Tables)

9 Months Ended

Sep. 30, 2015

Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]

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

	September 30, 2015
Collateral Type	Balance		Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	1,570,894	0.45	%	$	1,637,187
Non-Agency RMBS	56,993		1.59	%	70,045
Agency CMBS	596,612		0.42	%	643,278
Non-Agency CMBS	162,501		1.08	%	184,039
Agency CMBS IO	353,012		1.01	%	413,047
Non-Agency CMBS IO	307,655		1.11	%	364,727
Securitization financing bond	7,402		1.55	%	8,474
	$	3,055,069	0.63	%	$	3,320,797

	December 31, 2014
Collateral Type	Balance		Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	1,977,338	0.39	%	$	2,064,704
Non-Agency RMBS	17,594		1.57	%	21,787
Agency CMBS	253,857		0.36	%	291,103
Non-Agency CMBS	114,895		1.15	%	140,216
Agency CMBS IOs	372,609		0.92	%	430,638
Non-Agency CMBS IOs	266,983		1.04	%	315,149
Securitization financing bond	9,834		1.51	%	11,000
	$	3,013,110	0.55	%	$	3,274,597

As of September 30, 2015, the weighted average remaining term to maturity of our repurchase agreements was 18 days. The following table provides a summary of the original term to maturity of our repurchase agreements as of September 30, 2015 and December 31, 2014:

Original Term to Maturity	September 30, 2015		December 31, 2014
Less than 30 days	$	602,224	$	250,635
30 to 90 days	2,224,106		617,399
91 to 180 days	178,242		904,830
181 to 364 days	—		1,030,569
1 year or longer	50,497		209,677
	$	3,055,069	$	3,013,110