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Repurchase Agreements (Tables)
 9 Months Ended
Sep. 30, 2020
Carrying Value of Federal Funds Sold, Securities Purchased under Agreements to Resell, and Deposits Paid for Securities Borrowed [Abstract]  
Schedule of Amounts Outstanding Under Repurchase Agreements
The following table presents detailed information about the amounts outstanding under the Company’s repurchase agreements secured by investment securities and associated assets pledged as collateral at December 31, 2019 (dollar amounts in thousands):
December 31, 2019
Outstanding Repurchase AgreementsFair Value of
Collateral
Pledged		Amortized
Cost
of Collateral
Pledged
Agency RMBS (1)
$812,742 $865,765 $864,428 
Agency CMBS (2)
133,184 139,317 140,118 
Non-Agency RMBS (3)
594,286 797,784 785,952 
CMBS (4)
811,890 1,036,513 853,043 
Balance at end of the period$2,352,102 $2,839,379 $2,643,541 

(1)Collateral pledged includes Agency RMBS securities with a fair value amounting to $26.2 million included in Consolidated SLST as of December 31, 2019.
(2)Collateral pledged includes Agency CMBS securities with a fair value amounting to $88.4 million included in the Consolidated K-Series as of December 31, 2019.
(3)Collateral pledged includes first loss subordinated RMBS securities with a fair value amounting to $214.8 million included in Consolidated SLST as of December 31, 2019.
(4)Collateral pledged includes first loss POs, IOs and mezzanine CMBS securities with a fair value amounting to $848.2 million included in the Consolidated K-Series as of December 31, 2019.
Schedule of Contractual Maturities of Outstanding Financing Arrangements
The following table presents contractual maturity information about the Company’s outstanding repurchase agreements secured by investment securities at December 31, 2019 (dollar amounts in thousands):

Contractual MaturityDecember 31, 2019
Within 30 days$449,474 
Over 30 days to 90 days1,647,683 
Over 90 days254,945 
Total$2,352,102 
Schedule of Unencumbered Securities The following table presents information about the Company's unencumbered securities at December 31, 2019 (dollar amounts in thousands):
Unencumbered Securities
December 31, 2019
Agency RMBS$83,351 
CMBS235,199 
Non-Agency RMBS168,063 
ABS49,214 
Total$535,827 
Schedule of Borrowings Under Financing Arrangements and Assets Pledged as Collateral The following table presents detailed information about the Company’s financings under these repurchase agreements and associated residential loans pledged as collateral at September 30, 2020 and December 31, 2019, respectively (dollar amounts in thousands):
    
Maximum Aggregate Uncommitted Principal AmountOutstanding
Repurchase Agreements
Carrying Value of Loans Pledged (1)
Weighted Average Rate
Weighted Average Months to Maturity (2)
September 30, 2020$1,247,483 $673,787 $938,572 2.46 %2.96
December 31, 2019$1,200,000 $754,132 $961,749 3.67 %11.20

(1)Includes residential loans, at fair value of $938.6 million and $881.2 million at September 30, 2020 and December 31, 2019, respectively, and residential loans, net of $80.6 million at December 31, 2019.
(2)The Company expects to roll outstanding amounts under these repurchase agreements into new repurchase agreements or other financings, or to repay outstanding amounts, prior to or at maturity.