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Secured Borrowings Secured Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2016
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] |
Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings |
|  | September 30, 2016
Collateral Type |  | Balance |  | Weighted Average Rate |  | Fair Value of Collateral Pledged
Agency RMBS |  | $ | 1,156,635 |  |  | 0.70 | % |  | $ | 1,204,542 |
Non-Agency RMBS |  | 38,613 |  |  | 1.88 | % |  | 41,082 |
Agency CMBS |  | 594,661 |  |  | 0.69 | % |  | 643,207 |
Non-Agency CMBS |  | 69,687 |  |  | 1.50 | % |  | 82,573 |
Agency CMBS IO |  | 322,632 |  |  | 1.38 | % |  | 378,875 |
Non-Agency CMBS IO |  | 290,626 |  |  | 1.45 | % |  | 343,900 |
Securitization financing bond |  | 5,424 |  |  | 1.86 | % |  | 5,882 |
Total repurchase agreements |  | $ | 2,478,278 |  |  | 0.91 | % |  | $ | 2,700,061 |
FHLB advances (1) |  | 263,000 |  |  | 0.51 | % |  | 274,953 |
Total secured borrowings |  | $ | 2,741,278 |  |  | 0.88 | % |  | $ | 2,975,014 |
|  | December 31, 2015
Collateral Type |  | Balance |  | Weighted Average Rate |  | Fair Value of Collateral Pledged
Agency RMBS |  | $ | 1,439,436 |  |  | 0.47 | % |  | $ | 1,483,152 |
Non-Agency RMBS |  | 52,128 |  |  | 1.77 | % |  | 64,286 |
Agency CMBS |  | 301,427 |  |  | 0.49 | % |  | 345,728 |
Non-Agency CMBS |  | 126,378 |  |  | 1.26 | % |  | 143,785 |
Agency CMBS IOs |  | 360,245 |  |  | 1.24 | % |  | 421,285 |
Non-Agency CMBS IOs |  | 302,771 |  |  | 1.33 | % |  | 359,351 |
Securitization financing bond |  | 7,035 |  |  | 1.65 | % |  | 8,054 |
Total repurchase agreements |  | $ | 2,589,420 |  |  | 0.75 | % |  | $ | 2,825,641 |
FHLB advances (1) |  | 520,000 |  |  | 0.40 | % |  | 541,771 |
Total secured borrowings |  | $ | 3,109,420 |  |  | 0.69 | % |  | $ | 3,367,412 |
(1) As of September 30, 2016 and December 31, 2015, FHLB advances were collateralized primarily with Agency CMBS. As of September 30, 2016, the weighted average remaining term to maturity of our repurchase agreements was 18 days compared to 22 days as of December 31, 2015. The remaining balance of FHLB advances is due in October 2016. The following table provides a summary of the original term to maturity of our secured borrowings as of September 30, 2016 and December 31, 2015:
Original Term to Maturity |  | September 30, 2016 |  | December 31, 2015
Less than 30 days |  | $ | 607,051 |  |  | $ | 551,643 |
30 to 90 days |  | 1,143,854 |  |  | 782,393 |
91 to 180 days |  | 727,373 |  |  | 1,512,384 |
181 to 364 days |  | 263,000 |  |  | — |
1 year or longer |  | — |  |  | 263,000 |
|  | $ | 2,741,278 |  |  | $ | 3,109,420 |
Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity | The following table lists the counterparties with whom the Company had over 10% of its shareholders' equity at risk (defined as the excess of collateral pledged over the borrowings outstanding):
|  | September 30, 2016
Counterparty Name |  | Balance |  | Weighted Average Rate |  | Equity at Risk
Wells Fargo Bank, N. A. and affiliates |  | $ | 300,761 |  |  | 1.40 | % |  | $ | 54,432 |

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- Definition Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=55761124&loc=SL6224234-111729 + Details
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- Definition Tabular disclosure, as of the balance sheet date, of the amount at risk under repurchase agreements with any individual counterparty or group of related counterparties which exceeds 10 percent of stockholders' equity. Includes the name of each counterparty or group of related counterparties, the amount at risk with each, and the weighted average maturity of the repurchase agreements with each. The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)(1)(i)(B)(iii)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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