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Borrowings (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
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 March 31, 2023 and December 31, 2022:
March 31, 2023December 31, 2022
Weighted AverageWeighted Average
Remaining MaturityOutstanding
Borrowings		Interest RateRemaining Days to MaturityOutstanding
Borrowings		Interest RateRemaining Days to Maturity
Agency RMBS:(In thousands)(In thousands)
30 Days or Less$342,461 4.89 %12$668,924 4.09 %14
31-60 Days264,755 4.95 %4291,048 2.32 %45
61-90 Days51,580 5.15 %76158,782 3.96 %73
91-120 Days— — %— 4,751 5.20 %118
121-150 Days— — %— 16,148 4.76 %131
151-180 Days1,320 5.79 %160— — %— 
181-364 Days4,163 5.62 %181— — %— 
Total Agency RMBS664,279 4.94 %30939,653 3.91 %29
Credit:
30 Days or Less53,953 6.06 %20462,284 6.40 %7
31-60 Days138,502 6.21 %44119,619 6.00 %48
61-90 Days62,156 6.44 %79119,471 6.13 %77
91-120 Days412,056 6.98 %110358,010 6.30 %116
121-150 Days— — %— 142,939 7.12 %144
151-180 Days231,703 6.82 %1736,981 6.72 %156
181-364 Days487,786 6.79 %286391,381 6.74 %240
> 364 Days103,420 8.08 %788— — %— 
Total Credit Assets1,489,576 6.84 %2141,600,685 6.48 %110
U.S. Treasury Securities:
30 Days or Less132,043 4.99 %369,347 4.31 %3
Total U.S. Treasury Securities132,043 4.99 %369,347 4.31 %3
Total$2,285,898 6.18 %148$2,609,685 5.50 %78
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 March 31, 2023:
Year
Repurchase Agreements(1)
Other
Secured Borrowings(2)
HMBS-related Obligations(3)
Senior Notes(1)
Total
(In thousands)
Next Twelve Months$2,182,478 $530,347 $1,205,749 $— $3,918,574 
Year 2— 322,754 1,151,875 — 1,474,629 
Year 3103,420 325,502 827,593 — 1,256,515 
Year 4— 187,053 695,320 882,373 
Year 5— 137,651 660,419 210,000 1,008,070 
Total$2,285,898 $1,503,307 $4,540,956 $210,000 $8,540,161 
(1)Reflects the Company's contractual principal repayment dates.
(2)Includes $1.141 billion of expected principal repayments related to the Company's consolidated non-QM securitizations, which are projected based upon the underlying assets' expected repayments and may be prior to the stated contractual maturities.
(3)Represents expected principal repayments projected based upon the expected repayments of the underlying HECM loans, which may be prior to the stated contractual maturities of the related HMBS.
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 March 31, 2023 and December 31, 2022.
March 31, 2023:
CounterpartyAmount at RiskWeighted Average Remaining Days to MaturityPercentage
of Equity
(In thousands)
Nomura Holdings Inc.$228,777 26516.6 %
December 31, 2022:
CounterpartyAmount at RiskWeighted Average Remaining Days to MaturityPercentage
of Equity
(In thousands)
Nomura Holdings Inc.$208,812 1317.1 %
Royal Bank of Canada135,233 10011.1 %
Schedule of Line of Credit Facilities The following table provides details for each of the warehouse lines of credit.
March 31, 2023December 31, 2022
MaturityOutstanding BorrowingsFair Value of Underlying CollateralEffective Interest RateOutstanding BorrowingsFair Value of Underlying CollateralEffective Interest Rate
(In thousands)
Facility AApril 2023$43,302 $48,083 8.38 %$59,640 $65,652 8.43 %
Facility BApril 202367,574 62,991 7.55 %64,278 59,933 6.99 %
Facility CJune 202380,480 111,256 7.42 %48,954 63,644 6.90 %
$191,356 $222,330 7.68 %$172,872 $189,229 7.46 %