v3.20.1
Borrowings (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements [Table Text Block]
The following table details the Company's outstanding borrowings under repurchase agreements for Agency RMBS and credit assets (which can include non-Agency RMBS, CMBS, CLOs, consumer loans, corporate debt, residential mortgage loans, and commercial mortgage loans and REO), by remaining maturity as of March 31, 2020 and December 31, 2019:
 
 
March 31, 2020
 
December 31, 2019
 
 
 
 
Weighted Average
 
 
 
Weighted Average
Remaining Maturity
 
Outstanding
Borrowings
 
Interest Rate
 
Remaining Days to Maturity
 
Outstanding
Borrowings
 
Interest Rate
 
Remaining Days to Maturity
Agency RMBS:
 
(In thousands)
 
 
 
 
 
(In thousands)
 
 
 
 
30 Days or Less
 
$
353,826

 
1.65
 %
 
16

 
$
511,996

 
2.08
%
 
17

31-60 Days
 
750,285

 
1.79
 %
 
46

 
744,387

 
1.93
%
 
47

61-90 Days
 
182,557

 
1.01
 %
 
75

 
594,738

 
1.96
%
 
76

91-120 Days
 
362

 
2.49
 %
 
113

 
10,270

 
2.24
%
 
93

151-180 Days
 
—

 
—
 %
 
—

 
3,082

 
2.67
%
 
171

Total Agency RMBS
 
1,287,030

 
1.64
 %
 
42

 
1,864,473

 
1.98
%
 
48

Credit:
 
 
 
 
 
 
 
 
 
 
 
 
30 Days or Less
 
37,567

 
3.04
 %
 
20

 
16,549

 
3.38
%
 
25

31-60 Days
 
160,313

 
2.81
 %
 
44

 
104,491

 
3.14
%
 
48

61-90 Days
 
161,312

 
2.61
 %
 
74

 
138,837

 
3.03
%
 
73

91-120 Days
 
104,950

 
3.46
 %
 
92

 
—

 
—
%
 
—

121-150 Days
 
—

 
—
 %
 
—

 
7,460

 
3.89
%
 
123

151-180 Days
 
211,624

 
2.70
 %
 
171

 
31,498

 
3.87
%
 
173

181-360 Days
 
22,725

 
3.39
 %
 
284

 
186,661

 
3.80
%
 
250

> 360 Days
 
47,050

 
3.95
 %
 
791

 
95,331

 
4.52
%
 
678

Total Credit Assets
 
745,541

 
2.93
 %
 
147

 
580,827

 
3.61
%
 
229

U.S. Treasury Securities:
 
 
 
 
 
 
 
 
 
 
 
 
30 Days or Less
 
1,654

 
(0.15
)%
 
1

 
—

 
—
%
 
—

Total U.S. Treasury Securities
 
1,654

 
(0.15
)%
 
1

 
—

 
—
%
 
—

Total
 
$
2,034,225

 
2.11
 %
 
80

 
$
2,445,300

 
2.37
%
 
91
Schedule of Maturities of Long-term Debt [Table Text Block]
Schedule of Principal Repayments
The following table details the Company's principal repayment schedule, over the next 5 years, for outstanding borrowings as of March 31, 2020:
Year
 
Repurchase Agreements(1)
 
Other
Secured Borrowings(2)
 
Senior Notes(1)
 
Total
(In thousands)
 
 
 
 
 
 
 
 
Next Twelve Months
 
$
1,987,174

 
$
175,036

 
$
—

 
$
2,162,210

Year 2
 
—

 
159,148

 
—

 
159,148

Year 3
 
47,051

 
95,917

 
86,000

 
228,968

Year 4
 
—

 
74,180

 
—

 
74,180

Year 5
 
—

 
57,319

 
—

 
57,319

Total
 
$
2,034,225

 
$
561,600

 
$
86,000

 
$
2,681,825

(1)
Reflects the Company's contractual principal repayment dates.
(2)
Includes $383.7 million of expected principal repayments related to the Company's consolidated residential mortgage loan securitizations, which are projected based upon the underlying assets' scheduled repayments and may be prior to the stated contractual maturities.