Repurchase Agreements Repurchase Agreements (Tables)

12 Months Ended

Dec. 31, 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]

	December 31, 2015
Collateral Type	Balance		Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	1,439,436	0.47	%	$	1,483,152
Non-Agency RMBS	52,128		1.77	%	64,286
Agency CMBS	301,427		0.49	%	345,728
Non-Agency CMBS	126,378		1.26	%	143,785
Agency CMBS IO	360,245		1.24	%	421,285
Non-Agency CMBS IO	302,771		1.33	%	359,351
Securitization financing bond	7,035		1.65	%	8,054
	$	2,589,420	0.75	%	$	2,825,641

	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 December 31, 2015, the weighted average remaining term to maturity of our repurchase agreements was 22 days compared to 88 days as of December 31, 2014. The following table provides a summary of the original term to maturity of our repurchase agreements as of December 31, 2015 and December 31, 2014:

Original Term to Maturity	December 31, 2015		December 31, 2014
Less than 30 days	$	551,643	$	250,635
30 to 90 days	782,393		617,399
91 to 180 days	1,255,384		904,830
181 to 364 days	—		1,030,569
1 year or longer	—		209,677
	$	2,589,420	$	3,013,110