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Repurchase Agreements (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2019 and December 31, 2018 are summarized in the following tables:
 December 31, 2019December 31, 2018
Collateral TypeBalanceWeighted
Average Rate
Fair Value of
Collateral Pledged
BalanceWeighted
Average Rate
Fair Value of
Collateral Pledged
Agency RMBS$2,594,645  1.96 %$2,647,638  $1,887,878  2.66 %$1,998,922  
Agency CMBS1,735,848  1.98 %1,901,452  919,833  2.51 %986,861  
Agency CMBS IO255,912  2.30 %282,522  253,258  2.96 %285,247  
Non-Agency CMBS IO165,943  2.67 %193,013  207,015  3.38 %240,574  
Total repurchase agreements$4,752,348  2.01 %$5,024,625  $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:
December 31, 2019December 31, 2018
Remaining Term to MaturityBalanceWeighted
Average Rate
WAVG Original Term to MaturityBalanceWeighted
Average Rate
WAVG Original Term to Maturity
Less than 30 days$2,078,185  2.12 %34  $2,319,911  2.74 %56  
30 to 90 days2,674,163  1.93 %52  948,073  2.55 %89  
Total$4,752,348  2.01 %45  $3,267,984  2.69 %66