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Repurchase Agreements (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of Repurchase Agreements [Abstract]  
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets
The Company’s repurchase agreements outstanding as of December 31, 2021 and December 31, 2020 are summarized in the following tables:
 December 31, 2021December 31, 2020
Collateral TypeBalanceWeighted
Average Rate		Fair Value of
Collateral Pledged		BalanceWeighted
Average Rate
Fair Value of
Collateral Pledged (1)
Agency RMBS$2,408,126 0.17 %$2,536,094 $1,874,176 0.23 %$1,973,608 
Agency CMBS176,268 0.14 %184,847 237,649 0.23 %255,741 
Agency CMBS IO180,912 0.68 %192,481 209,393 0.90 %243,042 
Non-Agency CMBS IO84,610 0.99 %97,897 115,945 1.28 %136,684 
Total repurchase agreements$2,849,916 0.23 %$3,011,319 $2,437,163 0.34 %$2,609,075 
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
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, 2021December 31, 2020
Remaining Term to MaturityBalanceWeighted
Average Rate		WAVG Original Term to MaturityBalanceWeighted
Average Rate		WAVG Original Term to Maturity
Less than 30 days$602,994 0.42 %123 $1,416,608 0.37 %53 
30 to 90 days763,302 0.14 %166 845,394 0.31 %35 
91 to 180 days1,075,324 0.15 %198 175,161 0.22 %13 
180 days to 1 year408,296 0.30 %366 — — %— 
Total$2,849,916 0.23 %198 $2,437,163 0.34 %44 
Schedule of Repurchase Agreements on a Net Basis The following table presents information regarding the Company's repurchase agreements as if the Company had presented them on a net basis as of December 31, 2021 and December 31, 2020:
Gross Amount of Recognized LiabilitiesGross Amount Offset in the Balance SheetNet Amount of Liabilities Presented in the Balance Sheet
Gross Amount Not Offset in the Balance Sheet (1)
Net Amount
Financial Instruments Posted as CollateralCash Posted as Collateral
December 31, 2021
Repurchase agreements$2,849,916 $— $2,849,916 $(2,849,916)$— $— 
December 31, 2020
Repurchase agreements$2,437,163 $— $2,437,163 $(2,437,163)$— $— 
(1) Amounts disclosed for collateral received by or posted to the same counterparty include cash and the fair value of MBS up to and not exceeding the net amount of the repurchase agreement liability presented in the balance sheet. The fair value of the total collateral received by or posted to the same counterparty may exceed the amounts presented.