Repurchase Agreements Repurchase Agreements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2017 and December 31, 2016 are summarized in the following tables:

	June 30, 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 CMBS	$	1,192,447	1.21	%	$	1,252,560	$	1,005,726	0.82	%	$	1,095,002
Non-Agency CMBS	31,407		2.23	%	38,934		66,881		1.63	%	77,840
Agency CMBS IO	353,922		2.04	%	415,988		346,892		1.57	%	407,481
Non-Agency CMBS IO	293,725		2.13	%	343,600		291,199		1.67	%	341,139
Agency RMBS	665,346		1.29	%	692,126		1,157,302		0.82	%	1,191,147
Non-Agency RMBS	—		—	%	—		26,149		1.98	%	31,952
Securitization financing bond	3,912		2.45	%	4,249		4,803		2.00	%	5,278
Total repurchase agreements	$	2,540,759	1.47	%	$	2,747,457	$	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):

	June 30, 2017
Counterparty Name	Balance		Weighted Average Rate		Equity at Risk
Wells Fargo Bank, N. A. and affiliates	$	371,660	2.09	%	$	65,366