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Asset-Backed Securities Issued (Tables) | 6 Months Ended
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Jun. 30, 2016
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 June 30, 2016 and December 31, 2015, along with other selected information, are summarized in the following table. Table 13.1 – Asset-Backed Securities Issued
|  | June 30, 2016 |  | December 31, 2015
(Dollars in Thousands) |  | Sequoia |  | Commercial Securitization |  | Total |  | Sequoia |  | Commercial Securitization |  | Total
Certificates with principal balance |  | $ | 987,241 |  |  | $ | — |  |  | $ | 987,241 |  |  | $ | 1,108,785 |  |  | $ | 53,137 |  |  | $ | 1,161,922 |
Interest-only certificates |  | 4,539 |  |  | — |  |  | 4,539 |  |  | 4,672 |  |  | — |  |  | 4,672 |
Market valuation adjustments |  | (132,152 | ) |  | — |  |  | (132,152 | ) |  | (116,637 | ) |  | — |  |  | (116,637 | )
Total ABS issued |  | 859,628 |  |  | — |  |  | 859,628 |  |  | 996,820 |  |  | 53,137 |  |  | 1,049,957 |
Deferred debt issuance costs |  | — |  |  | — |  |  | — |  |  | — |  |  | (542 | ) |  | (542 | )
ABS Issued, Net (1) |  | $ | 859,628 |  |  | $ | — |  |  | $ | 859,628 |  |  | $ | 996,820 |  |  | $ | 52,595 |  |  | $ | 1,049,415 |
Range of weighted average interest rates, by series |  | 0.13% to 1.84% |  |  | — | % |  |  |  | 0.41% to 2.21% |  |  | 5.62 | % |  |
Stated maturities |  | 2024 - 2036 |  |  | N/A |  |  |  |  | 2017 - 2037 |  |  | 2018 |  |  |
Number of series |  | 20 |  |  | — |  |  |  |  | 21 |  |  | 1 |  |  |
(1) | Upon adoption of ASU 2015-03 on January 1, 2016, we began to present ABS issued, net of deferred debt issuance costs. See Note 3 for further discussion.
Summary of Accrued Interest Payable on ABS Issued | The following table summarizes the accrued interest payable on ABS issued at June 30, 2016 and December 31, 2015. Interest due on consolidated ABS issued is payable monthly. Table 13.2 – Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands) |  | June 30, 2016 |  | December 31, 2015
Sequoia |  | $ | 528 |  |  | $ | 555 |
Commercial Securitization |  | 100 |  |  | 249 |
Total Accrued Interest Payable on ABS Issued |  | $ | 628 |  |  | $ | 804 |
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 June 30, 2016 and December 31, 2015. Table 13.3 – Collateral for Asset-Backed Securities Issued
|  | June 30, 2016 |  | December 31, 2015
(In Thousands) |  | Sequoia |  | Commercial Securitization |  | Total |  | Sequoia |  | Commercial Securitization |  | Total
Residential loans |  | $ | 880,197 |  |  | $ | — |  |  | $ | 880,197 |  |  | $ | 1,021,870 |  |  | $ | — |  |  | $ | 1,021,870 |
Commercial loans |  | — |  |  | — |  |  | — |  |  | — |  |  | 166,016 |  |  | 166,016 |
Restricted cash |  | 147 |  |  | 131 |  |  | 278 |  |  | 228 |  |  | 137 |  |  | 365 |
Accrued interest receivable |  | 1,058 |  |  | — |  |  | 1,058 |  |  | 1,131 |  |  | 1,297 |  |  | 2,428 |
REO |  | 6,493 |  |  | — |  |  | 6,493 |  |  | 4,895 |  |  | — |  |  | 4,895 |
Total Collateral for ABS Issued |  | $ | 887,895 |  |  | $ | 131 |  |  | $ | 888,026 |  |  | $ | 1,028,124 |  |  | $ | 167,450 |  |  | $ | 1,195,574 |

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