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Repurchase Agreements (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure of Repurchase Agreements [Abstract]  
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block]
The Company’s repurchase agreements outstanding as of December 31, 2020 and December 31, 2019 are summarized in the following tables:
 December 31, 2020December 31, 2019
Collateral Type
Balance (1)
Weighted
Average Rate		Fair Value of
Collateral Pledged		BalanceWeighted
Average Rate		Fair Value of
Collateral Pledged
Agency RMBS$1,874,176 0.23 %$1,973,608 $2,594,645 1.96 %$2,647,638 
Agency CMBS237,649 0.23 %255,741 1,735,848 1.98 %1,901,452 
Agency CMBS IO209,393 0.90 %243,042 255,912 2.30 %282,522 
Non-Agency CMBS IO115,945 1.28 %136,684 165,943 2.67 %193,013 
Total repurchase agreements$2,437,163 0.34 %$2,609,075 $4,752,348 2.01 %$5,024,625 
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Table Text Block]
The following table provides information on the remaining term to maturity and original term to maturity for the Company’s repurchase agreements as of the dates indicated:
December 31, 2020December 31, 2019
Remaining Term to MaturityBalanceWeighted
Average Rate		WAVG Original Term to MaturityBalanceWeighted
Average Rate		WAVG Original Term to Maturity
Less than 30 days$1,416,608 0.37 %53 $2,078,185 2.12 %34 
30 to 90 days845,394 0.31 %35 2,674,163 1.93 %52 
91 to 180 days175,161 0.22 %13 — — %— 
Total$2,437,163 0.34 %44 $4,752,348 2.01 %45