SECURED FINANCING (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Repurchase Agreements Remaining Maturity ,Collateral Types and Weighted Average Rates

At June 30, 2021 and December 31, 2020, the repurchase agreements had the following remaining maturities, collateral types and weighted average rates:


June 30, 2021
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities (1)		Total Repurchase Agreements		Weighted Average Rate
	(dollars in thousands)
1 day	$	10,052,550	$	—	$	—	$	—	$	142,617	$	10,195,167	0.09	%
2 to 29 days	15,688,201		178,719		290,174		—		64,188		16,221,282		0.14	%
30 to 59 days	5,981,872		66,309		212,087		177,401		—		6,437,669		0.27	%
60 to 89 days	4,495,510		3,147		126,747		—		14,549		4,639,953		0.16	%
90 to 119 days	5,873,992		—		—		—		—		5,873,992		0.16	%
Over 119 days (2)	16,713,446		—		98,417		41,141		—		16,853,004		0.18	%
Total	$	58,805,571	$	248,175	$	727,425	$	218,542	$	221,354	$	60,221,067	0.16	%


December 31, 2020
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Loans		Commercial Mortgage-Backed Securities		Total Repurchase Agreements		Weighted Average Rate
	(dollars in thousands)
1 day	$	—	$	—	$	—	$	—	$	—	$	—	$	—	—	%
2 to 29 days	30,151,875		129,993		354,904		$	76,799	—		128,267		30,841,838		0.29	%
30 to 59 days	10,247,972		16,073		161,274		$	—	—		142,336		10,567,655		0.42	%
60 to 89 days	8,181,410		99,620		259,401		$	—	—		28,406		8,568,837		0.30	%
90 to 119 days	2,154,733		—		—		$	—	—		—		2,154,733		0.23	%
Over 119 days (2)	12,008,920		—		274,860		$	107,924	271,801		28,671		12,692,176		0.36	%
Total	$	62,744,910	$	245,686	$	1,050,439	$	184,723	$	271,801	$	327,680	$	64,825,239	0.32	%

(1) Includes commercial mortgage-backed securities held for sale.

(2) No repurchase agreements had a remaining maturity over 1 year at June 30, 2021. Less than 1% of the total repurchase agreements had a remaining maturity over 1 year at December 31, 2020.

Summary of Gross Amounts, Amounts Offset and net Amounts of Repurchase Agreement and Reverse Repurchase Agreement

The following table summarizes the gross amounts of reverse repurchase agreements and repurchase agreements, amounts offset in accordance with netting arrangements and net amounts of repurchase agreements and reverse repurchase agreements as presented in the Consolidated Statements of Financial Condition at June 30, 2021 and December 31, 2020. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.


	June 30, 2021				December 31, 2020
	Reverse Repurchase Agreements		Repurchase Agreements		Reverse Repurchase Agreements		Repurchase Agreements
	(dollars in thousands)
Gross amounts	$	—	$	60,221,067	$	250,000	$	65,075,239
Amounts offset	—		—		(250,000)		(250,000)
Netted amounts	$	—	$	60,221,067	$	—	$	64,825,239