Repurchase Agreements (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure of Repurchase Agreements [Abstract]

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 dates indicated:

	September 30, 2018			December 31, 2017
Remaining Term to Maturity	Balance		WAVG Original Term to Maturity	Balance		WAVG Original Term to Maturity
Less than 30 days	$	2,081,391	45	$	2,240,791	49
30 to 90 days	609,467		91	274,231		90
91 to 180 days	—		—	50,880		121
Total	$	2,690,858	55	$	2,565,902	54

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, 2018 and December 31, 2017 are summarized in the following tables:

	September 30, 2018						December 31, 2017
Collateral Type	Balance		Weighted Average Rate		Fair Value of Collateral Pledged		Balance		Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	1,362,687	2.26	%	$	1,423,415	$	836,281	1.47	%	$	867,120
Agency CMBS	840,346		2.22	%	897,077		1,003,146		1.44	%	1,071,904
Agency CMBS IO	271,305		2.72	%	302,403		324,163		2.17	%	372,077
Non-Agency CMBS IO	216,520		3.11	%	255,090		263,694		2.43	%	311,571
Non-Agency CMBS	—		—	%	—		15,508		2.47	%	18,212
U.S. Treasuries	—		—	%	—		123,110		1.85	%	124,215
Total repurchase agreements	$	2,690,858	2.36	%	$	2,877,985	$	2,565,902	1.67	%	$	2,765,099

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 approximately 10% or more of its shareholders’ equity at risk (defined as the excess of collateral pledged over the borrowings outstanding):

	September 30, 2018
Counterparty Name	Balance		Weighted Average Rate		Equity at Risk
Wells Fargo Bank, N. A. and affiliates	$	303,564	2.93	%	$	47,192