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Repurchase Agreements (Tables) | 9 Months Ended
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Sep. 30, 2021
Disclosure of Repurchase Agreements [Abstract] |
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block] | The Company’s repurchase agreements outstanding as of September 30, 2021 and December 31, 2020 are summarized in the following tables:
|  | September 30, 2021 |  | December 31, 2020
Collateral Type |  | Balance |  | Weighted Average Rate |  | Fair Value of Collateral Pledged |  | Balance |  | Weighted Average Rate |  | Fair Value of Collateral Pledged (1)
Agency RMBS |  | $ | 2,069,312 |  |  | 0.13 | % |  | $ | 2,166,848 |  |  | $ | 1,874,176 |  |  | 0.23 | % |  | $ | 1,973,608 |
Agency CMBS |  | 186,575 |  |  | 0.13 | % |  | 198,487 |  |  | 237,649 |  |  | 0.23 | % |  | 255,741 |
Agency CMBS IO |  | 180,425 |  |  | 0.68 | % |  | 203,319 |  |  | 209,393 |  |  | 0.90 | % |  | 243,042 |
Non-Agency CMBS IO |  | 90,753 |  |  | 0.98 | % |  | 108,998 |  |  | 115,945 |  |  | 1.28 | % |  | 136,684 |
Total repurchase agreements |  | $ | 2,527,065 |  |  | 0.20 | % |  | $ | 2,677,652 |  |  | $ | 2,437,163 |  |  | 0.34 | % |  | $ | 2,609,075 |
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Table Text Block] | The following table provides information on the remaining term to maturity and original term to maturity for the Company’s repurchase agreements as of the dates indicated:
|  | September 30, 2021 |  | December 31, 2020
Remaining Term to Maturity |  | Balance |  | Weighted Average Rate |  | WAVG Original Term to Maturity |  | Balance |  | Weighted Average Rate |  | WAVG Original Term to Maturity
Less than 30 days |  | $ | 479,019 |  |  | 0.30 | % |  | 110 |  |  | $ | 1,416,608 |  |  | 0.37 | % |  | 53 |
30 to 90 days |  | 620,085 |  |  | 0.12 | % |  | 125 |  |  | 845,394 |  |  | 0.31 | % |  | 35 |
91 to 180 days |  | 1,122,552 |  |  | 0.22 | % |  | 168 |  |  | 175,161 |  |  | 0.22 | % |  | 13 |
180 days to 1 year |  | 305,409 |  |  | 0.15 | % |  | 318 |  |  | — |  |  | — | % |  | — |
Total |  | $ | 2,527,065 |  |  | 0.20 | % |  | 165 |  |  | $ | 2,437,163 |  |  | 0.34 | % |  | 44 |

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- Definition Tabular disclosure, as of the most recent balance sheet date, of securities or other assets sold under repurchase agreements when this amount exceeds 10 percent of total assets. Disclosure may include the following: the type of securities or assets sold under agreements to repurchase, the carrying amount, market value (including accrued interest plus any cash or other assets on deposit. The information is segregated into securities maturing (1) overnight; (2) term up to 30 days; (3) term of 30 to 90 days; (4) term over 90 days; (5) demand. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)(1)(i)(A)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of the nature and risks of short-term collateralized financing obtained through repurchase agreements, securities lending transactions and repurchase-to-maturity transactions, accounted for as secured borrowings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 7 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729 + Details
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