v3.26.1
Counterparty Risk (Tables)
 3 Months Ended
Mar. 31, 2026
Risks and Uncertainties [Abstract]  
Schedules of Exposure to Counterparty Risk The following table summarizes the Company's exposure to counterparty risk as of March 31, 2026 and December 31, 2025.
March 31, 2026:
Amount of ExposureNumber of Counterparties with Exposure
Maximum Percentage of Exposure to a Single Counterparty(1)
(In thousands)
Cash and cash equivalents$163,224 9 26.2 %
Collateral on repurchase agreements held by dealers(2)
3,479,878 22 17.5 %
Due from brokers39,708 16 28.5 %
Receivable for securities sold(3)
91,803 4 60.7 %
(1)Each counterparty is a financial institution that the Company believes to be creditworthy as of March 31, 2026.
(2)Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements.
(3)Included in Investment related receivables on the Consolidated Balance Sheet.
December 31, 2025:
Amount of ExposureNumber of Counterparties with ExposureMaximum Percentage of Exposure to a Single Counterparty
(In thousands)
Cash and cash equivalents$201,893 10 48.9 %
Collateral on repurchase agreements held by dealers(1)
3,271,751 21 17.7 %
Due from brokers35,919 18 38.1 %
Receivable for securities sold(2)
1,474 2 84.2 %
(1)Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements.
(2)Included in Investment related receivables on the Consolidated Balance Sheet.