v3.20.1

Counterparty Risk (Tables) | 3 Months Ended
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Mar. 31, 2020
Risks and Uncertainties [Abstract] |
Schedules of Exposure to Counterparty Risk | The table below summarizes the geographic distribution of the real estate collateral underlying the Company's commercial mortgage loans as a percentage of total outstanding unpaid principal balance as of March 31, 2020 and December 31, 2019:
Property Location by U.S. State |  | March 31, 2020 |  | December 31, 2019
Florida |  | 16.9 | % |  | 31.7 | %
New York |  | 16.2 | % |  | 17.7 | %
Pennsylvania |  | 9.5 | % |  | — | %
Virginia |  | 9.2 | % |  | 6.8 | %
Connecticut |  | 8.6 | % |  | 8.2 | %
New Jersey |  | 8.6 | % |  | 13.3 | %
Utah |  | 5.6 | % |  | — | %
Missouri |  | 5.5 | % |  | 4.6 | %
California |  | 4.8 | % |  | — | %
Massachusetts |  | 4.3 | % |  | 4.7 | %
Arizona |  | 3.1 | % |  | 3.8 | %
Indiana |  | 2.0 | % |  | 2.1 | %
North Carolina |  | 1.7 | % |  | 1.8 | %
Nevada |  | 1.3 | % |  | 1.5 | %
Tennessee |  | 1.3 | % |  | 1.5 | %
Illinois |  | 1.1 | % |  | 1.2 | %
Other |  | 0.3 | % |  | 1.1 | %
|  | 100.0 | % |  | 100.0 | %
The table below summarizes the geographic distribution of the real estate collateral underlying the Company's residential mortgage loans as a percentage of total outstanding unpaid principal balance as of March 31, 2020 and December 31, 2019:
Property Location by U.S. State |  | March 31, 2020 |  | December 31, 2019
California |  | 44.8 | % |  | 46.6 | %
Florida |  | 12.4 | % |  | 11.9 | %
Texas |  | 11.0 | % |  | 11.9 | %
Colorado |  | 3.1 | % |  | 3.2 | %
Massachusetts |  | 3.1 | % |  | 2.9 | %
Oregon |  | 2.5 | % |  | 2.2 | %
Arizona |  | 2.1 | % |  | 2.4 | %
Utah |  | 2.0 | % |  | 1.9 | %
Illinois |  | 1.8 | % |  | 1.7 | %
Washington |  | 1.8 | % |  | 1.6 | %
Nevada |  | 1.6 | % |  | 1.6 | %
New Jersey |  | 1.6 | % |  | 1.1 | %
New York |  | 1.4 | % |  | 1.3 | %
Connecticut |  | 1.1 | % |  | — | %
Maryland |  | 1.1 | % |  | 1.1 | %
North Carolina |  | 1.0 | % |  | — | %
Other |  | 7.6 | % |  | 8.6 | %
|  | 100.0 | % |  | 100.0 | %
The following table summarizes the Company's exposure to counterparty risk as of March 31, 2020 and December 31, 2019. March 31, 2020:
|  | Amount of Exposure |  | Number of Counterparties with Exposure |  | Maximum Percentage of Exposure to a Single Counterparty(1)
|  | (In thousands) |  |  |  |
Cash and cash equivalents |  | $ | 136,740 |  |  | 10 |  |  | 33.6 | %
Collateral on repurchase agreements held by dealers(2) |  | 2,381,564 |  |  | 28 |  |  | 22.5 | %
Due from brokers |  | 166,516 |  |  | 27 |  |  | 17.9 | %
Receivable for securities sold(3) |  | 347,362 |  |  | 9 |  |  | 38.2 | %
(1) | Each counterparty is a large creditworthy financial institution.
(2) | Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements.
(3) | Included in Investment related receivables on the Condensed Consolidated Balance Sheet.
December 31, 2019:
|  | Amount of Exposure |  | Number of Counterparties with Exposure |  | Maximum Percentage of Exposure to a Single Counterparty(1)
|  | (In thousands) |  |  |  |
Cash and cash equivalents |  | $ | 72,302 |  |  | 11 |  |  | 42.2 | %
Collateral on repurchase agreements held by dealers(2) |  | 2,793,696 |  |  | 28 |  |  | 13.8 | %
Due from brokers |  | 79,829 |  |  | 24 |  |  | 30.9 | %
Receivable for securities sold(3) |  | 69,995 |  |  | 5 |  |  | 62.3 | %
(1) | Each counterparty is a large creditworthy financial institution.
(2) | Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements.
(3) Included in Investment related receivables on the Condensed Consolidated Balance Sheet.

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- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13537-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13531-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6442-108592 + Details
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