XML 91 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

In April 2020, the following events occurred:

The Company settled its outstanding receivable for securities sold as of March 31, 2020 in the amount of $213.6 million.

The Company obtained proceeds from additional financing for residential loans pledged under a repurchase agreement in the amount of $248.8 million.

Using the proceeds described above, combined with $137.2 million in cash margin outstanding as of March 31, 2020, the Company terminated repurchase agreements to finance investment securities, repaying $562.9 million. As of May 26, 2020, the Company had an outstanding repurchase agreement related to investment securities with one counterparty.