Counterparty Risk (Tables)

12 Months Ended

Dec. 31, 2023

Risks and Uncertainties [Abstract]

Schedules of Exposure to Counterparty Risk

The following table summarizes the Company's exposure to counterparty risk as of December 31, 2023 and 2022.

December 31, 2023:

	Amount of Exposure		Number of Counterparties with Exposure	Maximum Percentage of Exposure to a Single Counterparty(1)
	(In thousands)
Cash and cash equivalents	$	228,927	11	28.8	%
Collateral on repurchase agreements held by dealers(2)	3,672,278		28	18.6	%
Due from brokers	51,884		21	58.5	%
Receivable for securities sold(3)	345,429		9	54.3	%

(1)Each counterparty is a financial institution that the Company believes to be creditworthy as of December 31, 2023.

(2)Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements.

(3)Included in Investment related receivables on the Consolidated Balance Sheet.

December 31, 2022:

	Amount of Exposure		Number of Counterparties with Exposure	Maximum Percentage of Exposure to a Single Counterparty
	(In thousands)
Cash and cash equivalents	$	217,053	13	41.3	%
Collateral on repurchase agreements held by dealers(1)	3,247,276		26	21.6	%
Due from brokers	36,761		20	22.8	%
Receivable for securities sold(2)	21,439		6	36.4	%

(1)Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements.

(2)Included in Investment related receivables on the Consolidated Balance Sheet.