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Subsequent Events
6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In July 2019, we entered into an agreement with Freddie Mac to purchase mortgage-backed securities to be issued in a securitization transaction sponsored by Freddie Mac. Pursuant to the terms of this agreement, we plan to acquire subordinate securities backed by a pool of seasoned re-performing and, to a lesser extent, non-performing residential first lien mortgage loans. We deposited $60 million with Freddie Mac towards the purchase price of these securities and expect to fund the remainder of the purchase price of these securities, approximately $150 million, upon the closing of this transaction in the third quarter of 2019, which we expect will be partially financed by a third-party financial institution under a securities repurchase facility. We anticipate consolidating the assets and liabilities of the securitization trust resulting from this transaction as we expect to maintain certain discretionary rights associated with the ownership of this investment.