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Repurchase Agreements (Tables)
3 Months Ended
Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 are summarized in the following tables:
 March 31, 2020December 31, 2019
Collateral Type
Balance (1)
Weighted
Average Rate
Fair Value of
Collateral Pledged (1)
BalanceWeighted
Average Rate
Fair Value of
Collateral Pledged
Agency RMBS$2,180,966  1.69 %$2,259,403  $2,594,645  1.96 %$2,647,638  
Agency CMBS1,823,951  1.66 %1,987,487  1,735,848  1.98 %1,901,452  
Agency CMBS IO262,759  1.84 %282,150  255,912  2.30 %282,522  
Non-Agency CMBS IO140,430  2.30 %170,782  165,943  2.67 %193,013  
Total repurchase agreements$4,408,106  1.71 %$4,699,822  $4,752,348  2.01 %$5,024,625  
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:
March 31, 2020December 31, 2019
Remaining Term to MaturityBalanceWeighted
Average Rate
WAVG Original Term to MaturityBalanceWeighted
Average Rate
WAVG Original Term to Maturity
Less than 30 days$4,203,459  1.70 %54  $2,078,185  2.12 %34  
30 to 90 days204,647  1.80 %93  2,674,163  1.93 %52  
Total$4,408,106  1.71 %56  $4,752,348  2.01 %45