v3.20.4
Borrowings (Tables)
 12 Months Ended
Dec. 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 December 31, 2020 and 2019:
December 31, 2020December 31, 2019
Weighted AverageWeighted Average
Remaining MaturityOutstanding
Borrowings		Interest RateRemaining Days to MaturityOutstanding
Borrowings		Interest RateRemaining Days to Maturity
Agency RMBS:(In thousands)(In thousands)
30 Days or Less$265,556 0.28 %17$511,996 2.08 %17
31-60 Days385,141 0.25 %44744,387 1.93 %47
61-90 Days174,586 0.28 %70594,738 1.96 %76
91-120 Days— — %— 10,270 2.24 %93
121-150 Days2,692 0.27 %126— — %— 
151-180 Days59,857 0.32 %1623,082 2.67 %171
181-360 Days34,030 0.32 %252— — %— 
Total Agency RMBS921,862 0.27 %571,864,473 1.98 %48
Credit:
30 Days or Less37,795 2.11 %1716,549 3.38 %25
31-60 Days84,554 2.23 %50104,491 3.14 %48
61-90 Days152,426 2.11 %75138,837 3.03 %73
91-120 Days89,931 2.47 %106— — %— 
121-150 Days66,412 4.75 %1257,460 3.89 %123
151-180 Days11,063 2.27 %16531,498 3.87 %173
181-360 Days38,640 2.90 %289186,661 3.80 %250
> 360 Days94,248 2.99 %44795,331 4.52 %678
Total Credit Assets575,069 2.69 %155580,827 3.61 %229
Total$1,496,931 1.20 %94$2,445,300 2.37 %91
The following table details the Company's outstanding borrowings under reverse repurchase agreements for Agency RMBS, credit assets (which include non-Agency MBS, CLOs, consumer loans, corporate debt, residential mortgage loans, and commercial mortgage loans and REO), and U.S. Treasury securities, by remaining maturity as of December 31, 2018:
(In thousands)December 31, 2018
Weighted Average
Remaining MaturityOutstanding
Borrowings		Interest RateRemaining Days to Maturity
Agency RMBS:
30 Days or Less$245,956 2.46 %17
31-60 Days415,379 2.58 %46
61-90 Days255,421 2.74 %76
91-120 Days506 3.31 %91
Total Agency RMBS917,262 2.59 %47
Credit:
30 Days or Less30,426 2.55 %22
31-60 Days189,937 3.32 %48
61-90 Days93,202 3.21 %74
121-150 Days26,222 4.60 %123
151-180 Days9,491 4.64 %166
181-360 Days91,730 4.54 %316
> 360 Days140,306 5.15 %636
Total Credit Assets581,314 3.98 %240
U.S. Treasury Securities:
30 Days or Less273 3.10 %2
Total U.S. Treasury Securities273 3.10 %2
Total$1,498,849 3.13 %122
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 December 31, 2020:
Year
Repurchase Agreements(1)
Other
Secured Borrowings(2)
Senior Notes(1)
Total
(In thousands)
Next Twelve Months$1,402,683 $370,933 $— $1,773,616 
Year 294,248 236,976 86,000 417,224 
Year 3— 221,269 — 221,269 
Year 4— — — — 
Year 5— — — — 
Total$1,496,931 $829,178 $86,000 $2,412,109 
(1)Reflects the Company's contractual principal repayment dates.
(2)Includes $778.1 million of expected principal repayments related to the Company's consolidated residential mortgage loan securitizations, which are projected based upon the underlying assets' expected repayments and may be prior to the stated contractual maturities.
The following table details the Company's principal repayment schedule for outstanding borrowings as of December 31, 2018:
Year
Reverse Repurchase Agreements(1)
Other
Secured Borrowings(2)
Senior Notes(1)
Total
(In thousands)
2019$1,358,542 $194,135 $— $1,552,677 
202078,530 205,198 — 283,728 
202161,776 13,150 — 74,926 
2022— — 86,000 86,000 
2023— — — — 
Total$1,498,848 $412,483 $86,000 $1,997,331 
(1)Reflects the Company's contractual principal repayment dates.
(2)Reflects the Company's expected principal repayment dates.