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Asset-Backed Securities Issued (Tables) | 6 Months Ended
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Jun. 30, 2018
Debt Disclosure [Abstract] |
Asset-Backed Securities Issued | The carrying values of ABS issued by Sequoia securitization entities we sponsored at June 30, 2018 and December 31, 2017, along with other selected information, are summarized in the following table. Table 11.1 – Asset-Backed Securities Issued
June 30, 2018 |  | Legacy Sequoia |  | Sequoia Choice |  | Total
(Dollars in Thousands) |  |  |
Certificates with principal balance |  | $ | 615,868 |  |  | $ | 1,320,414 |  |  | $ | 1,936,282 |
Interest-only certificates |  | 1,578 |  |  | 21,843 |  |  | 23,421 |
Market valuation adjustments |  | (35,211 | ) |  | 5,170 |  |  | (30,041 | )
ABS Issued, Net |  | $ | 582,235 |  |  | $ | 1,347,427 |  |  | $ | 1,929,662 |
Range of weighted average interest rates, by series |  | 2.12% to 3.26% |  |  | 4.48% to 4.65% |  |  |
Stated maturities |  | 2024 - 2036 |  |  | 2047 - 2048 |  |  |
Number of series |  | 20 |  |  | 4 |  |  |
December 31, 2017 |  | Legacy Sequoia |  | Sequoia Choice |  | Total
(Dollars in Thousands) |  |  |
Certificates with principal balance |  | $ | 691,125 |  |  | $ | 526,657 |  |  | $ | 1,217,782 |
Interest-only certificates |  | 1,972 |  |  | 7,695 |  |  | 9,667 |
Market valuation adjustments |  | (70,652 | ) |  | 7,788 |  |  | (62,864 | )
ABS Issued, Net |  | $ | 622,445 |  |  | $ | 542,140 |  |  | $ | 1,164,585 |
Range of weighted average interest rates, by series |  | 1.46% to 2.78% |  |  | 4.52% to 4.73% |  |  |
Stated maturities |  | 2024 - 2036 |  |  | 2047 |  |  |
Number of series |  | 20 |  |  | 2 |  |  |
Collateral for ABS Issued | The following table summarizes the carrying value components of the collateral for ABS issued and outstanding at June 30, 2018 and December 31, 2017. Table 11.2 – Collateral for Asset-Backed Securities Issued
June 30, 2018 |  | Legacy Sequoia |  | Sequoia Choice |  | Total
(In Thousands) |  |  |
Residential loans |  | $ | 592,029 |  |  | $ | 1,481,145 |  |  | $ | 2,073,174 |
Restricted cash |  | 147 |  |  | 10 |  |  | 157 |
Accrued interest receivable |  | 835 |  |  | 5,956 |  |  | 6,791 |
REO |  | 2,649 |  |  | — |  |  | 2,649 |
Total Collateral for ABS Issued |  | $ | 595,660 |  |  | $ | 1,487,111 |  |  | $ | 2,082,771 |
December 31, 2017 |  | Legacy Sequoia |  | Sequoia Choice |  | Total
(In Thousands) |  |  |
Residential loans |  | $ | 632,817 |  |  | $ | 620,062 |  |  | $ | 1,252,879 |
Restricted cash |  | 147 |  |  | 4 |  |  | 151 |
Accrued interest receivable |  | 867 |  |  | 2,524 |  |  | 3,391 |
REO |  | 3,353 |  |  | — |  |  | 3,353 |
Total Collateral for ABS Issued |  | $ | 637,184 |  |  | $ | 622,590 |  |  | $ | 1,259,774 |

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