Counterparty Risk (Tables)

3 Months Ended

Mar. 31, 2024

Risks and Uncertainties [Abstract]

Schedules of Exposure to Counterparty Risk

The following table summarizes the Company's exposure to counterparty risk as of March 31, 2024 and December 31, 2023.

March 31, 2024:

	Amount of Exposure		Number of Counterparties with Exposure	Maximum Percentage of Exposure to a Single Counterparty(1)
	(In thousands)
Cash and cash equivalents	$	187,467	11	49.6	%
Collateral on repurchase agreements held by dealers(2)	3,122,176		27	26.2	%
Due from brokers	17,099		23	41.0	%
Receivable for securities sold(3)	14,598		6	40.0	%

(1)Each counterparty is a financial institution that the Company believes to be creditworthy as of March 31, 2024.

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

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

December 31, 2023:

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

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

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