Repurchase Agreements (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Repurchase Agreements [Abstract]

Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block]

The Company’s repurchase agreements outstanding as of September 30, 2017 and December 31, 2016 are summarized in the following tables:

	September 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	$	1,188,230	1.31	%	$	1,250,575	$	1,005,726	0.82	%	$	1,095,002
Non-Agency CMBS	15,625		2.14	%	18,365		66,881		1.63	%	77,840
Agency CMBS IO	336,187		2.06	%	389,637		346,892		1.57	%	407,481
Non-Agency CMBS IO	279,981		2.15	%	327,976		291,199		1.67	%	341,139
Agency RMBS	695,841		1.31	%	727,727		1,157,302		0.82	%	1,191,147
Non-Agency RMBS	—		—	%	—		26,149		1.98	%	31,952
Securitization financing bond	3,366		2.58	%	3,723		4,803		2.00	%	5,278
Total repurchase agreements	$	2,519,230	1.51	%	$	2,718,003	$	2,898,952	1.03	%	$	3,149,839

Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Table Text Block]

The following table provides information on the remaining term to maturity and original term to maturity for the Company's repurchase agreements as of the periods indicated:

	September 30, 2017			December 31, 2016
Remaining Term to Maturity	Balance		WAVG Original Term to Maturity	Balance		WAVG Original Term to Maturity
Less than 30 days	$	1,725,518	36	$	2,480,213	58
30 to 90 days	793,712		89	418,739		87
Total	$	2,519,230	53	$	2,898,952	63

Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity [Table Text Block]

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):

	September 30, 2017
Counterparty Name	Balance		Weighted Average Rate		Equity at Risk
Wells Fargo Bank, N. A. and affiliates	$	349,965	2.10	%	$	57,992