SECURED FINANCING (Tables)

9 Months Ended

Sep. 30, 2022

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

At September 30, 2022 and December 31, 2021, the repurchase agreements had the following remaining maturities, collateral types and weighted average rates:


September 30, 2022
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities		Total Repurchase Agreements		Weighted Average Rate
	(dollars in thousands)
1 day	$	—	$	—	$	—	$	—	$	—	$	—	—	%
2 to 29 days	22,837,664		345,111		563,625		33,718		8,987		23,789,105		2.95	%
30 to 59 days	12,483,618		48,414		337,489		—		271,913		13,141,434		3.04	%
60 to 89 days	183,316		148,422		632,694		—		133,049		1,097,481		3.72	%
90 to 119 days	2,738,922		201,027		203,162		89,021		59,938		3,292,070		3.12	%
Over 119 days (1)	11,869,882		57,660		532,704		319,229		61,166		12,840,641		3.36	%
Total	$	50,113,402	$	800,634	$	2,269,674	$	441,968	$	535,053	$	54,160,731	3.09	%


December 31, 2021
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities		Total Repurchase Agreements		Weighted Average Rate
	(dollars in thousands)
1 day	$	—	$	—	$	—	$	—	$	—	$	—	—	%
2 to 29 days	26,435,408		133,525		246,707		—		197,834		27,013,474		0.14	%
30 to 59 days	9,743,872		38,854		270,377		159,350		—		10,212,453		0.19	%
60 to 89 days	6,021,850		4,071		351,426		—		—		6,377,347		0.17	%
90 to 119 days	4,812,345		—		12,573		—		—		4,824,918		0.15	%
Over 119 days (1)	5,711,448		—		96,283		345,651		188,069		6,341,451		0.27	%
Total	$	52,724,923	$	176,450	$	977,366	$	505,001	$	385,903	$	54,769,643	0.17	%

(1) Approximately 0% repurchase agreements had a remaining maturity over 1 year at September 30, 2022 and December 31, 2021.

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 September 30, 2022 and December 31, 2021. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.


	September 30, 2022				December 31, 2021
	Reverse Repurchase Agreements		Repurchase Agreements		Reverse Repurchase Agreements		Repurchase Agreements
	(dollars in thousands)
Gross amounts	$	—	$	54,160,731	$	—	$	54,769,643
Amounts offset	—		—		—		—
Netted amounts	$	—	$	54,160,731	$	—	$	54,769,643