Financing Arrangements, Portfolio Investments (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Borrowings Under Financing Arrangements and Assets Pledged as Collateral

The following table presents detailed information about the Company’s borrowings under financing arrangements and associated assets pledged as collateral at September 30, 2017 and December 31, 2016 (dollar amounts in thousands):



	September 30, 2017						December 31, 2016
	Outstanding Financing Arrangements		Fair Value of Collateral Pledged		Amortized Cost of Collateral Pledged		Outstanding Financing Arrangements		Fair Value of Collateral Pledged		Amortized Cost of Collateral Pledged
Agency ARMs	$	80,327	$	85,117	$	85,990	$	102,088	$	109,552	$	110,903
Agency Fixed Rate	248,936		261,450		270,587		289,619		308,411		318,544
Agency IOs/U.S. Treasury Securities	26,048		36,702		47,913		60,862		82,153		93,819
Non Agency	48,773		64,917		63,792		113,749		150,944		149,969
CMBS ⁽¹⁾	204,220		283,669		221,440		206,824		294,083		216,092
Balance at end of the period	$	608,304	$	731,855	$	689,722	$	773,142	$	945,143	$	889,327


⁽¹⁾	Includes first loss tranche PO and mezzanine CMBS securities with a fair value amounting to $237.8 million and $254.6 million included in the Consolidated K-Series as of September 30, 2017 and December 31, 2016, respectively.

Schedule of Contractual Maturities of Outstanding Financing Arrangements

The following table presents contractual maturity information about the Company’s outstanding financing arrangements, at September 30, 2017 and December 31, 2016 (dollar amounts in thousands):



Contractual Maturity	September 30, 2017		December 31, 2016
Within 30 days	$	608,304	$	729,134
Over 30 days to 90 days	—		44,008
Over 90 days	—		—
Total	$	608,304	$	773,142