Repurchase Agreements Repurchase Agreements (Tables)

3 Months Ended

Mar. 31, 2017

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

Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings

The Company’s repurchase agreements outstanding as of March 31, 2017 and December 31, 2016 are summarized in the following tables:

	March 31, 2017						December 31, 2016
Collateral Type	Balance		Weighted Average Rate		Fair Value of Collateral Pledged		Balance		Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	1,020,367	0.90	%	$	1,055,641	$	1,157,302	0.82	%	$	1,191,147
Non-Agency RMBS	20,800		2.18	%	24,944		26,149		1.98	%	31,952
Agency CMBS	1,068,251		0.90	%	1,146,915		1,005,726		0.82	%	1,095,002
Non-Agency CMBS	65,327		1.85	%	77,198		66,881		1.63	%	77,840
Agency CMBS IO	344,828		1.82	%	406,244		346,892		1.57	%	407,481
Non-Agency CMBS IO	302,002		1.88	%	354,283		291,199		1.67	%	341,139
Securitization financing bond	4,370		2.21	%	4,850		4,803		2.00	%	5,278
Total repurchase agreements	$	2,825,945	1.15	%	$	3,070,075	$	2,898,952	1.03	%	$	3,149,839

Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity

The following table lists the counterparties with whom the Company had over 10% of its shareholders' equity at risk (defined as the excess of collateral pledged over the borrowings outstanding):

	March 31, 2017
Counterparty Name	Balance		Weighted Average Rate		Equity at Risk
Wells Fargo Bank, N. A. and affiliates	$	358,267	1.85	%	$	64,695