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v3.23.3

Securities, at Fair Value - Composition of Agency MBS Portfolio (Details) - USD ($) $ in Thousands | 9 Months Ended |
--- | --- | ---
Sep. 30, 2023 | Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items] |  |  |
Fair Value | [1] | $ 723,959 | $ 333,364
5.00% Coupon |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Coupon rate (in percent) |  | 5.00% |
Current Face |  | $ 77,090 |
Weighted Average Purchase Price (in percent) |  | 100.20% |
Weighted Average Market Price (in percent) |  | 94.50% |
Fair Value |  | $ 72,830 |
Weighted Average Loan Age (Months) |  | 6 months |
CPR (in percent) |  | 1.60% |
5.50% Coupon |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Coupon rate (in percent) |  | 5.50% |
Current Face |  | $ 282,748 |
Weighted Average Purchase Price (in percent) |  | 100.40% |
Weighted Average Market Price (in percent) |  | 96.80% |
Fair Value |  | $ 273,796 |
Weighted Average Loan Age (Months) |  | 8 months |
CPR (in percent) |  | 8.60% |
6.00% Coupon |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Coupon rate (in percent) |  | 6.00% |
Current Face |  | $ 180,481 |
Weighted Average Purchase Price (in percent) |  | 100.00% |
Weighted Average Market Price (in percent) |  | 98.80% |
Fair Value |  | $ 178,386 |
Weighted Average Loan Age (Months) |  | 4 months |
CPR (in percent) |  | 6.20% |
Agency MBS |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Current Face |  | $ 540,319 | 131,165
Weighted Average Purchase Price (in percent) |  | 100.30% |
Weighted Average Market Price (in percent) |  | 97.20% |
Fair Value |  | $ 525,012 | $ 131,700
Weighted Average Loan Age (Months) |  | 6 months |
CPR (in percent) |  | 6.80% |
[1] | See Note 6 for information regarding the Company’s pledged assets.

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