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Repurchase Agreements | 6 Months Ended
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Jun. 30, 2025
Repurchase Agreements [Abstract] |
Repurchase Agreements | Note 11 — Repurchase Agreements The Company had outstanding approximately $1,072.3 million and $1,077.3 million of borrowings under its repurchase agreements as of June 30, 2025 and December 31, 2024, respectively. The Company’s obligations under these agreements had weighted average remaining maturities of 26 days and 18 days as of June 30, 2025 and December 31, 2024. RMBS and cash have been pledged as collateral under these repurchase agreements (see Note 4). The repurchase agreements had the following remaining maturities and weighted average rates as of the dates indicated (dollars in thousands): Repurchase Agreements Characteristics As of June 30, 2025
|  | Repurchase Agreements |  |  | Weighted Average Rate |
Less than one month |  | $ | 824,982 |  |  |  | 4.48 | %
One to three months |  |  | 247,312 |  |  |  | 4.47 | %
Total/Weighted Average |  | $ | 1,072,294 |  |  |  | 4.47 | %
As of December 31, 2024
|  | Repurchase Agreements |  |  | Weighted Average Rate |
Less than one month |  | $ | 1,005,685 |  |  |  | 4.75 | %
One to three months |  |  | 71,572 |  |  |  | 4.72 | %
Total/Weighted Average |  | $ | 1,077,257 |  |  |  | 4.75 | %

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- Definition The entire disclosure for repurchase agreements (also known as repos), resale agreements (also known as reverse repurchase agreements or reverse repos), securities borrowed transactions, and securities loaned transactions. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481420/860-30-50-10 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 860 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/860/tableOfContent + Details
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