SECURED FINANCING (Tables)

12 Months Ended

Dec. 31, 2023

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

At December 31, 2023 and 2022, the repurchase agreements had the following remaining maturities and collateral types:


December 31, 2023
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities				Total Repurchase Agreements
	(dollars in thousands)
1 day	$	—	$	—	$	—	$	—	$	—			$	—
2 to 29 days	33,492,952		555,568		840,400		—		191,276				35,080,196
30 to 59 days	18,090,265		—		528,341		—		—				18,618,606
60 to 89 days	6,479,206		139,952		579,611		—		—				7,198,769
90 to 119 days	—		—		39,714		207,592		—				247,306
Over 119 days (1)	2,511,003		—		169,697		644,259		—				3,324,959
Total	$	60,573,426	$	695,520	$	2,157,763	$	851,851	$	191,276			$	64,469,836

Amounts offset in accordance with netting arrangements											$	(2,268,293)
Net amounts of Repurchase agreements as presented in the Consolidated Statements of Financial Condition											$	62,201,543


December 31, 2022
	Agency Mortgage-Backed Securities		CRTs		Non-Agency Mortgage-Backed Securities		Residential Mortgage Loans		Commercial Mortgage-Backed Securities				Total Repurchase Agreements
	(dollars in thousands)
1 day	$	—	$	—	$	—	$	—	$	—			$	—
2 to 29 days	30,244,050		193,069		524,432		200,931		263,711				31,426,193
30 to 59 days	21,200,770		149,733		632,673		—		124,390				22,107,566
60 to 89 days	4,410,473		—		782,905		—		68,647				5,262,025
90 to 119 days	—		125,893		73,251		168,656		—				367,800
Over 119 days (1)	—		—		—		349,013		—				349,013
Total	$	55,855,293	$	468,695	$	2,013,261	$	718,600	$	456,748			$	59,512,597

Amounts offset in accordance with netting arrangements											$	—
Net amounts of Repurchase agreements as presented in the Consolidated Statements of Financial Condition											$	59,512,597

(1) No repurchase agreements had a remaining maturity over 1 year at December 31, 2023 and 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 reverse repurchase agreements and repurchase agreements as presented in the Consolidated Statements of Financial Condition at December 31, 2023 and 2022. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.


	December 31, 2023				December 31, 2022
	Reverse Repurchase Agreements		Repurchase Agreements		Reverse Repurchase Agreements		Repurchase Agreements
	(dollars in thousands)
Gross amounts	$	2,268,293	$	64,469,836	$	—	$	59,512,597
Amounts offset	(2,268,293)		(2,268,293)		—		—
Netted amounts	$	—	$	62,201,543	$	—	$	59,512,597