Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

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 can 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, 2022 and December 31, 2021:


	September 30, 2022					December 31, 2021
			Weighted Average					Weighted Average
Remaining Maturity	Outstanding Borrowings		Interest Rate		Remaining Days to Maturity	Outstanding Borrowings		Interest Rate		Remaining Days to Maturity
Agency RMBS:	(In thousands)					(In thousands)
30 Days or Less	$	450,636	2.23	%	15	$	180,059	0.17	%	9
31-60 Days	392,372		2.42	%	45	254,027		0.23	%	44
61-90 Days	67,883		2.38	%	75	154,520		0.20	%	70
91-120 Days	99,578		2.63	%	105	129,057		0.16	%	105
121-150 Days	77,952		2.05	%	137	275,915		0.17	%	136
151-180 Days	55,223		3.74	%	165	71,824		0.16	%	164
181-364 Days	—		—	%	—	570,694		0.20	%	260
> 364 Days	—		—	%	—	3,791		0.13	%	366
Total Agency RMBS	1,143,644		2.40	%	52	1,639,887		0.19	%	144
Credit:
30 Days or Less	16,157		3.83	%	10	377,440		2.09	%	16
31-60 Days	79,287		4.10	%	49	102,567		1.38	%	44
61-90 Days	121,862		4.06	%	74	96,823		1.50	%	78
91-120 Days	1,117,144		5.15	%	106	35,346		2.00	%	109
121-150 Days	15,627		5.11	%	124	3,353		1.56	%	139
151-180 Days	29,596		5.70	%	167	87,863		2.82	%	151
181-364 Days	340,921		5.46	%	321	—		—	%	—
> 364 Days	—		—	%	—	126,484		2.58	%	462
Total Credit Assets	1,720,594		5.08	%	144	829,876		2.08	%	114
U.S. Treasury Securities:
30 Days or Less	30,781		3.01	%	3	—		—	%	—
Total U.S. Treasury Securities	30,781		3.01	%	3	—		—	%	—
Total	$	2,895,019	4.00	%	106	$	2,469,763	0.82	%	134

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

Schedule of Principal Repayments

The following table details the Company's principal repayment schedule, over the next 5 years, for outstanding borrowings as of September 30, 2022:


Year	Repurchase Agreements(1)		Other Secured Borrowings(2)		Senior Notes(1)		Total
(In thousands)
Next Twelve Months	$	2,895,019	$	258,646	$	—	$	3,153,665
Year 2	—		292,831		—		292,831
Year 3	—		259,469		—		259,469
Year 4	—		277,524		—		277,524
Year 5	—		173,164		210,000		383,164
Total	$	2,895,019	$	1,261,634	$	210,000	$	4,366,653

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

(2)Includes $1.221 billion of expected principal repayments related to the Company's consolidated residential mortgage loan securitizations, which are projected based upon the underlying assets' expected repayments and may be prior to the stated contractual maturities.

Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity

The following table provides details by counterparty for such counterparties for which the amounts at risk relating to our repurchase agreements was greater than 10% of total equity as of September 30, 2022. There was no counterparty for which the amount at risk was greater than 10% of total equity as of December 31, 2021.


Counterparty	Amount at Risk		Weighted Average Remaining Days to Maturity	Percentage of Equity
	(In thousands)
Nomura Holdings Inc.	$	209,545	95	17.7	%