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Asset-Backed Securities Issued (Tables)

6 Months Ended

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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