Securitized Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

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 September 30, 2022 and December 31, 2021, 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.

	September 30, 2022		December 31, 2021
	(dollars in thousands)
Within One Year	$	751	$	4,374
One to Three Years	533		2,361
Three to Five Years	88		949
Greater Than Five Years	84		82
Total	$	1,456	$	7,766

The following table presents the estimated principal repayment schedule of the securitized debt collateralized by Loans held for investment at September 30, 2022 and December 31, 2021, 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.

	September 30, 2022		December 31, 2021
	(dollars in thousands)
Within One Year	$	1,799,830	$	2,031,445
One to Three Years	2,705,792		2,886,255
Three to Five Years	1,767,557		1,697,760
Greater Than Five Years	1,821,698		1,145,995
Total	$	8,094,877	$	7,761,455

Schedule of Callable Debt

September 30, 2022
(dollars in thousands)
Year	Principal
Currently callable	$	1,222,913
2022	382,093
2023	1,436,331
2024	1,274,530
2025	1,939,919
2026	246,769
2027	871,390
Total	$	7,373,945