v3.22.2.2

Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30, 2022 and December 31, 2021:

						September 30, 2022																		December 31, 2021
												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						$	450,636					2.23		%				15						$	180,059					0.17		%				9
31-60 Days						392,372						2.42		%				45						254,027						0.23		%				44
61-90 Days						67,883						2.38		%				75						154,520						0.20		%				70
91-120 Days						99,578						2.63		%				105						129,057						0.16		%				105
121-150 Days						77,952						2.05		%				137						275,915						0.17		%				136
151-180 Days						55,223						3.74		%				165						71,824						0.16		%				164
181-364 Days						—						—		%				—						570,694						0.20		%				260
> 364 Days						—						—		%				—						3,791						0.13		%				366
Total Agency RMBS						1,143,644						2.40		%				52						1,639,887						0.19		%				144
Credit:
30 Days or Less						16,157						3.83		%				10						377,440						2.09		%				16
31-60 Days						79,287						4.10		%				49						102,567						1.38		%				44
61-90 Days						121,862						4.06		%				74						96,823						1.50		%				78
91-120 Days						1,117,144						5.15		%				106						35,346						2.00		%				109
121-150 Days						15,627						5.11		%				124						3,353						1.56		%				139
151-180 Days						29,596						5.70		%				167						87,863						2.82		%				151
181-364 Days						340,921						5.46		%				321						—						—		%				—
> 364 Days						—						—		%				—						126,484						2.58		%				462
Total Credit Assets						1,720,594						5.08		%				144						829,876						2.08		%				114
U.S. Treasury Securities:
30 Days or Less						30,781						3.01		%				3						—						—		%				—
Total U.S. Treasury Securities						30,781						3.01		%				3						—						—		%				—
Total						$	2,895,019					4.00		%				106						$	2,469,763					0.82		%				134

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 September 30, 2022:

Year						Repurchase Agreements(1)						Other Secured Borrowings(2)						Senior Notes(1)						Total
(In thousands)
Next Twelve Months						$	2,895,019					$	258,646					$	—					$	3,153,665
Year 2						—						292,831						—						292,831
Year 3						—						259,469						—						259,469
Year 4						—						277,524						—						277,524
Year 5						—						173,164						210,000						383,164
Total						$	2,895,019					$	1,261,634					$	210,000					$	4,366,653

(1)Reflects the Company's contractual principal repayment dates.

(2)Includes $1.221 billion 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.

Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity

The following table provides details by counterparty for such counterparties for which the amounts at risk relating to our repurchase agreements was greater than 10% of total equity as of September 30, 2022. There was no counterparty for which the amount at risk was greater than 10% of total equity as of December 31, 2021.

Counterparty						Amount at Risk						Weighted Average Remaining Days to Maturity						Percentage of Equity
						(In thousands)
Nomura Holdings Inc.						$	209,545					95						17.7		%

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure, as of the balance sheet date, of the amount at risk under repurchase agreements with any individual counterparty or group of related counterparties which exceeds 10 percent of stockholders' equity. Includes the name of each counterparty or group of related counterparties, the amount at risk with each, and the weighted average maturity of the repurchase agreements with each. The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(m)(1)(iii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfRepurchaseAgreementCounterpartiesWithWhomRepurchaseAgreementsExceed10PercentOfStockholdersEquityTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for repurchase agreements.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration