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Repurchase Agreements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2020 and December 31, 2019 are summarized in the following tables:
 June 30, 2020December 31, 2019
Collateral Type
Balance (1)
Weighted
Average Rate
Fair Value of
Collateral Pledged
BalanceWeighted
Average Rate
Fair Value of
Collateral Pledged
Agency RMBS$2,308,446  0.27 %$2,427,267  $2,594,645  1.96 %$2,647,638  
Agency CMBS654,001  0.28 %695,578  1,735,848  1.98 %1,901,452  
Agency CMBS IO225,191  1.12 %265,342  255,912  2.30 %282,522  
Non-Agency CMBS IO127,353  1.40 %155,288  165,943  2.67 %193,013  
Total repurchase agreements$3,314,991  0.38 %$3,543,475  $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:
June 30, 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$1,875,520  0.40 %26  $2,078,185  2.12 %34  
30 to 90 days1,439,471  0.35 %32  2,674,163  1.93 %52  
Total$3,314,991  0.38 %29  $4,752,348  2.01 %45