Repurchase Agreements (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019 and December 31, 2018 are summarized in the following tables:

	September 30, 2019						December 31, 2018
Collateral Type	Balance		Weighted Average Rate		Fair Value of Collateral Pledged		Balance		Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	2,561,276	2.26	%	$	2,662,761	$	1,887,878	2.66	%	$	1,998,922
Agency CMBS	1,884,697		2.29	%	1,995,605		919,833		2.51	%	986,861
Agency CMBS IO	249,929		2.64	%	278,606		253,258		2.96	%	285,247
Non-Agency CMBS IO	176,967		2.94	%	207,062		207,015		3.38	%	240,574
Total repurchase agreements	$	4,872,869	2.32	%	$	5,144,034	$	3,267,984	2.69	%	$	3,511,604

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, 2019					December 31, 2018
Remaining Term to Maturity	Balance		Weighted Average Rate		WAVG Original Term to Maturity	Balance		Weighted Average Rate		WAVG Original Term to Maturity
Less than 30 days	$	2,751,900	2.39	%	37	$	2,319,911	2.74	%	56
30 to 90 days	2,120,969		2.22	%	55	948,073		2.55	%	89
Total	$	4,872,869	2.32	%	45	$	3,267,984	2.69	%	66