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Asset-Backed Securities Issued (Tables) | 9 Months Ended
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Sep. 30, 2015
Debt Disclosure [Abstract] |
Carrying Value of ABS Issued by Consolidated Securitization Entities Sponsored, along with Other Selected Information | The carrying values of ABS issued by consolidated securitization entities we sponsored at September 30, 2015 and December 31, 2014, along with other selected information, are summarized in the following table. Table 13.1 – Asset-Backed Securities Issued
|  | September 30, 2015
(Dollars in Thousands) |  | Sequoia |  | Residential Resecuritization |  | Commercial Securitization |  | Total
Certificates with principal balance |  | $ | 1,220,419 |  |  | $ | 5,261 |  |  | $ | 67,946 |  |  | $ | 1,293,626 |
Interest-only certificates |  | 4,876 |  |  | — |  |  | — |  |  | 4,876 |
Market valuation adjustments (1) |  | (119,707 | ) |  | — |  |  | — |  |  | (119,707 | )
Total ABS Issued |  | $ | 1,105,588 |  |  | $ | 5,261 |  |  | $ | 67,946 |  |  | $ | 1,178,795 |
Range of weighted average interest rates, by series |  | 0.41% to 4.39% |  |  | 2.20 | % |  | 5.62 | % |  |
Stated maturities |  | 2017 - 2041 |  |  | 2046 |  |  | 2018 |  |  |
Number of series |  | 24 |  |  | 1 |  |  | 1 |  |  |
(1) | Upon adoption of ASU 2014-13 on January 1, 2015, we began to account for ABS issued by consolidated Sequoia entities at fair value. See Note 3 for additional information.
|  | December 31, 2014
(Dollars in Thousands) |  | Sequoia |  | Residential Resecuritization |  | Commercial Securitization |  | Total
Certificates with principal balance |  | $ | 1,427,056 |  |  | $ | 45,044 |  |  | $ | 83,313 |  |  | $ | 1,555,413 |
Interest-only certificates |  | 2,079 |  |  | — |  |  | — |  |  | 2,079 |
Unamortized discount |  | (12,373 | ) |  | — |  |  | — |  |  | (12,373 | )
Total ABS Issued |  | $ | 1,416,762 |  |  | $ | 45,044 |  |  | $ | 83,313 |  |  | $ | 1,545,119 |
Range of weighted average interest rates, by series |  | 0.36% to 4.27% |  |  | 2.16 | % |  | 5.62 | % |  |
Stated maturities |  | 2014 - 2041 |  |  | 2046 |  |  | 2018 |  |  |
Number of series |  | 24 |  |  | 1 |  |  | 1 |  |  |
Summary of Accrued Interest Payable on ABS Issued | The following table summarizes the accrued interest payable on ABS issued at September 30, 2015 and December 31, 2014. Interest due on consolidated ABS issued is payable monthly. Table 13.2 – Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands) |  | September 30, 2015 |  | December 31, 2014
Sequoia |  | $ | 770 |  |  | $ | 976 |
Residential Resecuritization |  | 1 |  |  | 5 |
Commercial Securitization |  | 318 |  |  | 390 |
Total Accrued Interest Payable on ABS Issued |  | $ | 1,089 |  |  | $ | 1,371 |
Summary of Carrying Value Components of Collateral for ABS Issued and Outstanding | The following table summarizes the carrying value components of the collateral for ABS issued and outstanding at September 30, 2015 and December 31, 2014. Table 13.3 – Collateral for Asset-Backed Securities Issued
|  | September 30, 2015
(In Thousands) |  | Sequoia |  | Residential Resecuritization |  | Commercial Securitization |  | Total
Residential loans |  | $ | 1,170,246 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,170,246 |
Commercial loans |  | — |  |  | — |  |  | 180,394 |  |  | 180,394 |
Real estate securities |  | — |  |  | 181,253 |  |  | — |  |  | 181,253 |
Restricted cash |  | 191 |  |  | — |  |  | 138 |  |  | 329 |
Accrued interest receivable |  | 1,505 |  |  | 364 |  |  | 1,357 |  |  | 3,226 |
REO |  | 3,902 |  |  | — |  |  | — |  |  | 3,902 |
Total Collateral for ABS Issued |  | $ | 1,175,844 |  |  | $ | 181,617 |  |  | $ | 181,889 |  |  | $ | 1,539,350 |
|  | December 31, 2014
(In Thousands) |  | Sequoia |  | Residential Resecuritization |  | Commercial Securitization |  | Total
Residential loans |  | $ | 1,474,386 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,474,386 |
Commercial loans |  | — |  |  | — |  |  | 194,991 |  |  | 194,991 |
Real estate securities |  | — |  |  | 221,676 |  |  | — |  |  | 221,676 |
Restricted cash |  | 147 |  |  | 43 |  |  | 137 |  |  | 327 |
Accrued interest receivable |  | 2,359 |  |  | 477 |  |  | 1,511 |  |  | 4,347 |
REO |  | 4,391 |  |  | — |  |  | — |  |  | 4,391 |
Total Collateral for ABS Issued |  | $ | 1,481,283 |  |  | $ | 222,196 |  |  | $ | 196,639 |  |  | $ | 1,900,118 |

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