SECURED FINANCING (Tables)

6 Months Ended

Jun. 30, 2023

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

At June 30, 2023 and December 31, 2022, the repurchase agreements had the following remaining maturities, collateral types and weighted average rates:


June 30, 2023
	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	39,019,374		367,226		658,795		—		277,340		40,322,735		5.24	%
30 to 59 days	12,163,114		257,347		758,575		—		—		13,179,036		5.35	%
60 to 89 days	612,095		—		647,848		—		4,253		1,264,196		5.78	%
90 to 119 days	753,315		—		191,428		3,622		42,719		991,084		5.51	%
Over 119 days (1)	5,371,078		—		—		509,471		—		5,880,549		5.36	%
Total	$	57,918,976	$	624,573	$	2,256,646	$	513,093	$	324,312	$	61,637,600	5.29	%


December 31, 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	30,244,050		193,069		524,432		200,931		263,711		31,426,193		4.27	%
30 to 59 days	21,200,770		149,733		632,673		—		124,390		22,107,566		4.18	%
60 to 89 days	4,410,473		—		782,905		—		68,647		5,262,025		4.59	%
90 to 119 days	—		125,893		73,251		168,656		—		367,800		5.82	%
Over 119 days (1)	—		—		—		349,013		—		349,013		6.37	%
Total	$	55,855,293	$	468,695	$	2,013,261	$	718,600	$	456,748	$	59,512,597	4.29	%

(1) No repurchase agreements had a remaining maturity over 1 year at June 30, 2023. No repurchase agreements had a remaining maturity over 1 year at December 31, 2022.

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, 2023 and December 31, 2022. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.


	June 30, 2023				December 31, 2022
	Reverse Repurchase Agreements		Repurchase Agreements		Reverse Repurchase Agreements		Repurchase Agreements
	(dollars in thousands)
Gross amounts	$	—	$	61,637,600	$	—	$	59,512,597
Amounts offset	—		—		—		—
Netted amounts	$	—	$	61,637,600	$	—	$	59,512,597