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Asset-Backed Securities Issued (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Asset-Backed Securities Issued

The carrying values of ABS issued by Sequoia securitization entities we sponsored at March 31, 2017 and December 31, 2016, along with other selected information, are summarized in the following table.

Table 12.1 – Asset-Backed Securities Issued

March 31, 2017		Sequoia Entities
(Dollars in Thousands)
Certificates with principal balance		$	823,754
Interest-only certificates		3,210
Market valuation adjustments		(98,573		)
ABS Issued, Net		$	728,391
Range of weighted average interest rates, by series		0.20% to 2.13%
Stated maturities		2024 - 2036
Number of series		20

December 31, 2016		Sequoia Entities
(Dollars in Thousands)
Certificates with principal balance		$	880,517
Interest-only certificates		3,774
Market valuation adjustments		(110,829		)
ABS Issued, Net		$	773,462
Range of weighted average interest rates, by series		0.15% to 1.95%
Stated maturities		2024 - 2036
Number of series		20

Collateral for ABS Issued

The following table summarizes the carrying value components of the collateral for ABS issued and outstanding at March 31, 2017 and December 31, 2016.

Table 12.2 – Collateral for Asset-Backed Securities Issued

March 31, 2017		Sequoia Entities
(In Thousands)
Residential loans		$	745,621
Restricted cash		148
Accrued interest receivable		972
REO		3,953
Total Collateral for ABS Issued		$	750,694

December 31, 2016		Sequoia Entities
(In Thousands)
Residential loans		$	791,636
Restricted cash		148
Accrued interest receivable		1,000
REO		5,533
Total Collateral for ABS Issued		$	798,317

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