Securitized Debt (Tables)

3 Months Ended

Mar. 31, 2017

The following table presents the par value of the callable debt by quarter at March 31, 2017.



March 31, 2017
(dollars in thousands)
Year	Principal
2017	$	1,162,931
2018	1,130,809
2019	457,005
2020	3,903,177
2021	3,290,623
Total	$	9,944,545

Non-agency MBS

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

The following table presents the estimated principal repayment schedule of the securitized debt collateralized by Non-Agency RMBS at March 31, 2017 and December 31, 2016, based on expected cash flows of the residential mortgage loans or RMBS, as adjusted for projected losses on the underlying collateral of the debt. All of the securitized debt recorded in the Company’s Consolidated Statements of Financial Condition is non-recourse to the Company.



	March 31, 2017		December 31, 2016
	(dollars in thousands)
Within One Year	$	92,500	$	98,565
One to Three Years	68,666		82,563
Three to Five Years	24,678		23,854
Greater Than Five Years	18,754		31,973
Total	$	204,598	$	236,955

Loans Held for Investment

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

The following table presents the estimated principal repayment schedule of the securitized debt collateralized by loans held for investment at March 31, 2017 and December 31, 2016, based on expected cash flows of the residential mortgage loans or RMBS, as adjusted for projected losses on the underlying collateral of the debt. All of the securitized debt recorded in the Company’s Consolidated Statements of Financial Condition is non-recourse to the Company.



	March 31, 2017		December 31, 2016
	(dollars in thousands)
Within One Year	$	1,687,837	$	1,151,519
One to Three Years	2,729,420		1,841,808
Three to Five Years	2,094,911		1,423,706
Greater Than Five Years	3,461,466		2,477,123
Total	$	9,973,634	$	6,894,156