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Asset-Backed Securities Issued (Tables) | 6 Months Ended
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Jun. 30, 2019
Debt Disclosure [Abstract] |
Asset-Backed Securities Issued | The carrying values of ABS issued by Sequoia securitization entities we sponsored at June 30, 2019 and December 31, 2018, along with other selected information, are summarized in the following table. Table 14.1 – Asset-Backed Securities Issued
June 30, 2019 |  | Legacy Sequoia |  | Sequoia Choice |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Total
(Dollars in Thousands) |  |  |  |  |
Certificates with principal balance |  | $ | 468,193 |  |  | $ | 1,862,408 |  |  | $ | 951,074 |  |  | $ | 3,244,398 |  |  | $ | 6,526,073 |
Interest-only certificates |  | 1,637 |  |  | 17,713 |  |  | — |  |  | 207,278 |  |  | 226,628 |
Market valuation adjustments |  | (20,968 | ) |  | 49,323 |  |  | 40,692 |  |  | 91,381 |  |  | 160,428 |
ABS Issued, Net |  | $ | 448,862 |  |  | $ | 1,929,444 |  |  | $ | 991,766 |  |  | $ | 3,543,057 |  |  | $ | 6,913,129 |
Range of weighted average interest rates, by series |  | 2.55% to 3.68% |  |  | 4.42% to 5.08% |  |  | 3.50 | % |  | 3.39% to 4.20% |  |  |
Stated maturities |  | 2024 - 2036 |  |  | 2047 - 2049 |  |  | 2028 |  |  | 2025 - 2049 |  |  |
Number of series |  | 20 |  |  | 7 |  |  | 1 |  |  | 4 |  |  |
December 31, 2018 |  | Legacy Sequoia |  | Sequoia Choice |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Total
(Dollars in Thousands) |  |  |  |  |
Certificates with principal balance |  | $ | 540,456 |  |  | $ | 1,838,758 |  |  | $ | 993,659 |  |  | $ | 1,936,691 |  |  | $ | 5,309,564 |
Interest-only certificates |  | 1,537 |  |  | 25,662 |  |  | — |  |  | 131,600 |  |  | 158,799 |
Market valuation adjustments |  | (29,753 | ) |  | 20,590 |  |  | 89 |  |  | (49,216 | ) |  | (58,290 | )
ABS Issued, Net |  | $ | 512,240 |  |  | $ | 1,885,010 |  |  | $ | 993,748 |  |  | $ | 2,019,075 |  |  | $ | 5,410,073 |
Range of weighted average interest rates, by series |  | 1.36% to 3.60% |  |  | 4.46% to 4.97% |  |  | 3.51 | % |  | 3.39% to 4.08% |  |  |
Stated maturities |  | 2024 - 2036 |  |  | 2047 - 2048 |  |  | 2028 |  |  | 2025 - 2049 |  |  |
Number of series |  | 20 |  |  | 6 |  |  | 1 |  |  | 3 |  |  |
Accrued Interest Payable on Asset-Backed Securities Issued | Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands) |  | June 30, 2019 |  | December 31, 2018
Legacy Sequoia |  | $ | 519 |  |  | $ | 571 |
Sequoia Choice |  | 7,322 |  |  | 7,180 |
Freddie Mac SLST |  | 2,774 |  |  | 2,907 |
Freddie Mac K-Series |  | 10,822 |  |  | 6,239 |
Total Accrued Interest Payable on ABS Issued |  | $ | 21,437 |  |  | $ | 16,897 |
Collateral for ABS Issued | The following table summarizes the carrying value components of the collateral for ABS issued and outstanding at June 30, 2019 and December 31, 2018. Table 14.3 – Collateral for Asset-Backed Securities Issued
June 30, 2019 |  | Legacy Sequoia |  | Sequoia Choice |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Total
(In Thousands) |  |  |  |  |
Residential loans |  | $ | 457,750 |  |  | $ | 2,147,356 |  |  | $ | 1,235,089 |  |  | $ | — |  |  | $ | 3,840,195 |
Multifamily loans |  | — |  |  | — |  |  | — |  |  | 3,749,657 |  |  | 3,749,657 |
Restricted cash |  | 144 |  |  | 14 |  |  | — |  |  | — |  |  | 158 |
Accrued interest receivable |  | 771 |  |  | 8,946 |  |  | 3,786 |  |  | 11,317 |  |  | 24,820 |
REO |  | 1,448 |  |  | — |  |  | — |  |  | — |  |  | 1,448 |
Total Collateral for ABS Issued |  | $ | 460,113 |  |  | $ | 2,156,316 |  |  | $ | 1,238,875 |  |  | $ | 3,760,974 |  |  | $ | 7,616,278 |
December 31, 2018 |  | Legacy Sequoia |  | Sequoia Choice |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Total
(In Thousands) |  |  |  |  |
Residential loans |  | $ | 519,958 |  |  | $ | 2,079,382 |  |  | $ | 1,222,669 |  |  | $ | — |  |  | $ | 3,822,009 |
Multifamily loans |  | — |  |  | — |  |  | — |  |  | 2,144,598 |  |  | 2,144,598 |
Restricted cash |  | 146 |  |  | 1,022 |  |  | — |  |  | — |  |  | 1,168 |
Accrued interest receivable |  | 822 |  |  | 8,988 |  |  | 3,926 |  |  | 6,595 |  |  | 20,331 |
REO |  | 3,943 |  |  | — |  |  | — |  |  | — |  |  | 3,943 |
Total Collateral for ABS Issued |  | $ | 524,869 |  |  | $ | 2,089,392 |  |  | $ | 1,226,595 |  |  | $ | 2,151,193 |  |  | $ | 5,992,049 |

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