Financing Arrangements, Portfolio Investments (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018 and December 31, 2017 (dollar amounts in thousands):



	March 31, 2018						December 31, 2017
	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 RMBS	$	80,977	$	84,361	$	87,132	$	86,349	$	90,343	$	92,586
Agency Fixed-rate RMBS	853,390		902,219		933,829		842,474		890,359		902,744
Non-Agency RMBS	37,016		49,205		48,269		38,160		51,841		50,693
CMBS ⁽¹⁾	315,931		435,118		323,042		309,935		421,156		322,092
Balance at end of the period	$	1,287,314	$	1,470,903	$	1,392,272	$	1,276,918	$	1,453,699	$	1,368,115


⁽¹⁾	Includes first loss PO and mezzanine CMBS securities with a fair value amounting to $393.4 million and $377.5 million included in the Consolidated K-Series as of March 31, 2018 and December 31, 2017, respectively.

Schedule of Contractual Maturities of Outstanding Financing Arrangements

The following table presents contractual maturity information about the Company’s outstanding financing arrangements, at March 31, 2018 and December 31, 2017 (dollar amounts in thousands):



Contractual Maturity	March 31, 2018		December 31, 2017
Within 30 days	$	539,990	$	1,081,911
Over 30 days to 90 days	647,324		95,007
Over 90 days	100,000		100,000
Total	$	1,287,314	$	1,276,918