Financing Arrangements, Portfolio Investments (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Financial Instruments Owned and Pledged as Collateral

The following table presents detailed information about the Company’s borrowings under financing arrangements and associated assets pledged as collateral at December 31, 2018 and December 31, 2017 (dollar amounts in thousands):



	2018						2017
Assets Pledged as Collateral	Outstanding Borrowings		Fair Value of Collateral Pledged		Amortized Cost Of Collateral Pledged		Outstanding Borrowings		Fair Value of Collateral Pledged		Amortized Cost Of Collateral Pledged
Agency ARMs RMBS	$	67,648	$	70,747	$	73,290	$	86,349	$	90,343	$	92,586
Agency Fixed-rate RMBS	857,582		907,610		940,994		842,474		890,359		902,744
Non-Agency RMBS	88,730		117,958		118,414		38,160		51,841		50,693
CMBS ⁽¹⁾	529,617		687,876		539,788		309,935		421,156		322,092
Balance at end of the period	$	1,543,577	$	1,784,191	$	1,672,486	$	1,276,918	$	1,453,699	$	1,368,115


⁽¹⁾	Includes first loss PO and mezzanine CMBS securities with a fair value amounting to $319.2 million and $377.5 million included in the Consolidated K-Series as of December 31, 2018 and December 31, 2017, respectively.

Outstanding Repurchase Agreements by Contractual Maturity

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



Contractual Maturity	December 31, 2018		December 31, 2017
Within 30 days	$	732,051	$	1,081,911
Over 30 days to 90 days	677,906		95,007
Over 90 days	133,620		100,000
Total	$	1,543,577	$	1,276,918