v3.8.0.1

Borrowings (Details) $ in Thousands |  | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Aug. 18, 2017 USD ($) | Sep. 30, 2017 USD ($) counterparties | Dec. 31, 2016 USD ($) counterparties
Borrowings [Line Items] |  |  |  |
Total secured borrowings |  |  | $ 1,119,000 | $ 1,058,000
Number of Counterparties with Outstanding Reverse Repurchase Agreements | counterparties |  |  | 21 | 21
Concentration Risk, Reverse Repurchase Agreements |  |  | 15.00% | 15.00%
Number Counterparties With Concentration Risk, Reverse Repurchase Agreements | counterparties |  |  | 1 | 0
Investments held with dealers as collateral |  |  | $ 1,160,000 | $ 1,150,000
Pledged Financial Instruments, Not Separately Reported, Securities For Repurchase Agreements Unsettled |  |  | $ 13,100 | 33,400
Repurchase Agreements amount at risk threshold |  |  | 10.00% |
Other secured borrowings |  |  | $ 89,646 | $ 24,086
Minimum [Member] |  |  |  |
Borrowings [Line Items] |  |  |  |
Reverse Repurchase Agreements Maturity |  |  | 30 days |
Reverse Repurchase Agreements Remaining Terms |  |  | 2 days | 3 days
Reverse Repurchase Agreements Interest Rate |  |  | (1.75%) | 0.60%
Maximum [Member] |  |  |  |
Borrowings [Line Items] |  |  |  |
Reverse Repurchase Agreements Maturity |  |  | 180 days |
Reverse Repurchase Agreements Remaining Terms |  |  | 360 days | 320 days
Reverse Repurchase Agreements Interest Rate |  |  | 4.57% | 3.76%
Reverse Repurchase Agreements [Member] |  |  |  |
Borrowings [Line Items] |  |  |  |
Cash collateral posted for securities sold under agreements to repurchase | [1],[2] |  | $ 23,300 | $ 39,200
Security Owned and Pledged as Collateral, Fair Value |  |  | 1,500 | 2,700
Secured borrowing facility collateralized by unsecured loan portfolio [Member] |  |  |  |
Borrowings [Line Items] |  |  |  |
Other secured borrowings |  |  | $ 46,900 |
Effective interest rate on borrowing |  |  | 4.84% |
Secured borrowing facility collateralized by commercial mortgage loans and REO [Member] |  |  |  |
Borrowings [Line Items] |  |  |  |
Other secured borrowings |  |  | $ 42,700 | 24,100
Loans and REO pledged as collateral |  |  | $ 75,500 | $ 42,000
Effective interest rate on borrowing |  |  | 4.58% |
Senior Notes [Member] |  |  |  |
Borrowings [Line Items] |  |  |  |
Effective interest rate on borrowing |  |  | 5.55% |
Debt Instrument, Face Amount |  | $ 86,000 |  |
Proceeds from Debt, Net of Issuance Costs |  | $ 84,700 |  |
Debt Instrument, Interest Rate, Stated Percentage |  | 5.25% |  |
Debt Instrument, Maturity Date |  | Sep. 01, 2022 |  |
[1] | For the purpose of this presentation, for each row the total amount of financial instruments transferred or pledged and cash collateral (received) or pledged may not exceed the applicable gross amount of assets or (liabilities) as presented here. Therefore, the Company has reduced the amount of financial instruments transferred or pledged as collateral related to the Company's reverse repurchase agreements and cash collateral pledged on the Company's financial derivative liabilities. Total financial instruments transferred or pledged as collateral on the Company's reverse repurchase agreements as of September 30, 2017 and December 31, 2016 were $1.16 billion and $1.16 billion, respectively. As of September 30, 2017 and December 31, 2016, total cash collateral on financial derivative assets excludes excess net cash collateral pledged of $10.3 million and $14.9 million, respectively. As of September 30, 2017 and December 31, 2016, total cash collateral on financial derivative liabilities excludes excess cash collateral pledged of $18.9 million and $14.8 million, respectively.
[2] | When collateral is pledged to or pledged by a counterparty, it is often pledged or posted with respect to all positions with such counterparty, and in such cases such collateral cannot be specifically identified as relating to a specific asset or liability. As a result, in preparing the above tables, the Company has made assumptions in allocating pledged or posted collateral among the various rows.

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