v3.19.3

Investment in Securities (Summary of Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	[1]	Sep. 30, 2019	Sep. 30, 2018
Securities, Available-for-sale [Line Items]
Net Amortization					$ (35,130)
Interest Income	$ 39,985	$ 35,300		$ 114,548	$ 95,333	[1]
Agency RMBS
Securities, Available-for-sale [Line Items]
Coupon Interest	16,026			42,681
Net Amortization	(6,290)			(15,883)
Interest Income	9,736			26,798
Non-Agency RMBS and CMBS
Securities, Available-for-sale [Line Items]
Coupon Interest	3,383			10,514
Net Amortization	430			1,666
Interest Income	3,813			12,180
CLOs
Securities, Available-for-sale [Line Items]
Coupon Interest	3,480			11,391
Net Amortization	(627)			(1,138)
Interest Income	2,853			10,253
Other Securities
Securities, Available-for-sale [Line Items]
Coupon Interest	1,670			4,706
Net Amortization	(611)			(1,528)
Interest Income	1,059			3,178
Securities Investment [Member]
Securities, Available-for-sale [Line Items]
Coupon Interest	24,559			69,292
Net Amortization	(7,098)			(16,883)
Interest Income	$ 17,461			$ 52,409
[1] Includes interest income and interest expense of a consolidated securitization trust of $1.3 million and $0.7 million, respectively, for the three-month period ended September 30, 2018. Includes interest income and interest expense of a consolidated securitization trust of $3.9 million and $2.4 million, respectively, for the nine-month period ended September 30, 2018. See Note 6 for further details on the Company's consolidated securitization trust.

X

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The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.

+ References

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-SubTopic 10
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.

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