Borrowings (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Repurchase Agreements [Table Text Block]

The following table details the Company's outstanding borrowings under repurchase agreements for Agency RMBS and credit assets (which include non-Agency RMBS, CMBS, CLOs, consumer loans, corporate debt, residential mortgage loans, and commercial mortgage loans and REO), by remaining maturity as of September 30, 2019:



(In thousands)	September 30, 2019
			Weighted Average
Remaining Maturity	Outstanding Borrowings		Interest Rate		Remaining Days to Maturity
Agency RMBS:
30 Days or Less	$	450,874	2.47	%	14
31-60 Days	559,853		2.28	%	47
61-90 Days	474,877		2.20	%	74
91-120 Days	10,548		2.34	%	94
151-180 Days	4,058		2.15	%	169
Total Agency RMBS	1,500,210		2.31	%	46
Credit:
30 Days or Less	8,077		3.76	%	28
31-60 Days	46,017		3.16	%	47
61-90 Days	73,982		3.42	%	80
91-120 Days	112,620		3.99	%	100
121-150 Days	2,417		3.96	%	142
151-180 Days	15,050		3.81	%	165
181-360 Days	108,752		4.33	%	270
> 360 Days	189,297		4.11	%	666
Total Credit Assets	556,212		3.95	%	320
Total	$	2,056,422	2.75	%	120

The following table details the Company's outstanding borrowings under reverse repurchase agreements for Agency RMBS, credit assets (which include non-Agency MBS, CLOs, consumer loans, corporate debt, residential mortgage loans, and commercial mortgage loans and REO), and U.S. Treasury securities, by remaining maturity as of December 31, 2018:



(In thousands)	December 31, 2018
			Weighted Average
Remaining Maturity	Outstanding Borrowings		Interest Rate		Remaining Days to Maturity
Agency RMBS:
30 Days or Less	$	245,956	2.46	%	17
31-60 Days	415,379		2.58	%	46
61-90 Days	255,421		2.74	%	76
91-120 Days	506		3.31	%	91
Total Agency RMBS	917,262		2.59	%	47
Credit:
30 Days or Less	30,426		2.55	%	22
31-60 Days	189,937		3.32	%	48
61-90 Days	93,202		3.21	%	74
121-150 Days	26,222		4.60	%	123
151-180 Days	9,491		4.64	%	166
181-360 Days	91,730		4.54	%	316
> 360 Days	140,306		5.15	%	636
Total Credit Assets	581,314		3.98	%	240
U.S. Treasury Securities:
30 Days or Less	273		3.10	%	2
Total U.S. Treasury Securities	273		3.10	%	2
Total	$	1,498,849	3.13	%	122

Schedule of Maturities of Long-term Debt [Table Text Block]

Schedule of Principal Repayments

The following table details the Company's principal repayment schedule for outstanding borrowings as of September 30, 2019:



Year	Repurchase Agreements⁽¹⁾		Other Secured Borrowings⁽²⁾		Senior Notes⁽¹⁾		Total
(In thousands)
2019	$	1,621,376	$	171,941	$	—	$	1,793,317
2020	350,369		109,920		—		460,289
2021	—		187,562		—		187,562
2022	84,677		80,336		86,000		251,013
2023	—		—		—		—
Total	$	2,056,422	$	549,759	$	86,000	$	2,692,181


(1)	Reflects the Company's contractual principal repayment dates.


(2)	Reflects the Company's expected principal repayment dates.

The following table details the Company's principal repayment schedule for outstanding borrowings as of December 31, 2018:



Year	Reverse Repurchase Agreements⁽¹⁾		Other Secured Borrowings⁽²⁾		Senior Notes⁽¹⁾		Total
(In thousands)
2019	$	1,358,542	$	194,135	$	—	$	1,552,677
2020	78,530		205,198		—		283,728
2021	61,776		13,150		—		74,926
2022	—		—		86,000		86,000
2023	—		—		—		—
Total	$	1,498,848	$	412,483	$	86,000	$	1,997,331


(1)	Reflects the Company's contractual principal repayment dates.


(2)	Reflects the Company's expected principal repayment dates.