XML 101 R92.htm IDEA: XBRL DOCUMENT v3.23.3
Repurchase Agreements - Narrative (Details)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2023
USD ($)
counterparty
Dec. 31, 2022
USD ($)
counterparty
Sep. 30, 2022
USD ($)
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 228,333 $ 244,718 $ 355,276
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 6 1  
Repurchase agreements, number of counterparties | counterparty 2    
Financings under repurchase agreements, aggregate outstanding balance $ 335,700    
Interest rate caps      
Assets Sold under Agreements to Repurchase [Line Items]      
Repurchase agreements, number of counterparties | counterparty 1    
Residential loans      
Assets Sold under Agreements to Repurchase [Line Items]      
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 5    
Repurchase agreements      
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 221,200    
Securities borrowed $ 172,761    
Weighted average advance rate 92.90% 30.00%  
Average interest rate haircut 7.10% 70.00%  
Average days to maturity 52 days 9 days  
Weighted average interest rate 5.61% 5.28%  
Accrued interest payable $ 9,200 $ 600  
Repurchase agreements | Residential loans      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed 201,200    
Accrued interest payable 2,800 $ 3,600  
Repurchase agreements | Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 47,610    
Average interest rate haircut 4.80%    
Repurchase agreements | Non-Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 119,503    
Average interest rate haircut 46.90%    
Atlas SP      
Assets Sold under Agreements to Repurchase [Line Items]      
Repurchase agreement percentage at risk 7.91%    
Bank of America      
Assets Sold under Agreements to Repurchase [Line Items]      
Repurchase agreement percentage at risk 5.68%