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Asset-Backed Securities Issued | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Asset-Backed Securities Issued | Asset-Backed Securities Issued The carrying values of ABS issued by our consolidated securitization entities at March 31, 2020 and December 31, 2019, along with other selected information, are summarized in the following table. Table 14.1 – Asset-Backed Securities Issued
March 31, 2020 |  | Legacy Sequoia |  | Sequoia Choice |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | CAFL |  | Total
(Dollars in Thousands) |  |  |  |  |  |
Certificates with principal balance |  | $ | 398,352 |  |  | $ | 1,776,396 |  |  | $ | 1,800,218 |  |  | $ | 418,212 |  |  | $ | 2,141,434 |  |  | $ | 6,534,612 |
Interest-only certificates |  | 1,356 |  |  | 10,862 |  |  | 24,782 |  |  | 14,383 |  |  | 93,801 |  |  | 145,184 |
Market valuation adjustments |  | (87,507 | ) |  | 2,836 |  |  | — |  |  | 15,104 |  |  | (148,365 | ) |  | (217,932 | )
ABS Issued, Net |  | $ | 312,201 |  |  | $ | 1,790,094 |  |  | $ | 1,825,000 |  |  | $ | 447,699 |  |  | $ | 2,086,870 |  |  | $ | 6,461,864 |
Range of weighted average interest rates, by series |  | 1.81% to 2.91% |  |  | 4.37% to 5.04% |  |  | 3.50 | % |  | 3.53 | % |  | 3.22% to 5.22% |  |  |
Stated maturities |  | 2024 - 2036 |  |  | 2047 - 2049 |  |  | 2028 - 2029 |  |  | 2025 |  |  | 2022 - 2048 |  |  |
Number of series |  | 20 |  |  | 9 |  |  | 2 |  |  | 1 |  |  | 11 |  |  |
December 31, 2019 |  | Legacy Sequoia |  | Sequoia Choice |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | CAFL |  | Total
(Dollars in Thousands) |  |  |  |  |  |
Certificates with principal balance |  | $ | 420,056 |  |  | $ | 1,979,719 |  |  | $ | 1,842,682 |  |  | $ | 3,844,789 |  |  | $ | 1,875,007 |  |  | $ | 9,962,253 |
Interest-only certificates |  | 1,282 |  |  | 16,514 |  |  | 30,291 |  |  | 217,891 |  |  | 90,134 |  |  | 356,112 |
Market valuation adjustments |  | (18,873 | ) |  | 40,965 |  |  | 45,349 |  |  | 93,559 |  |  | 36,110 |  |  | 197,110 |
ABS Issued, Net |  | $ | 402,465 |  |  | $ | 2,037,198 |  |  | $ | 1,918,322 |  |  | $ | 4,156,239 |  |  | $ | 2,001,251 |  |  | $ | 10,515,475 |
Range of weighted average interest rates, by series |  | 1.94% to 3.26% |  |  | 4.40% to 5.05% |  |  | 3.50 | % |  | 3.35% to 4.35% |  |  | 3.25% to 5.36% |  |  |
Stated maturities |  | 2024 - 2036 |  |  | 2047 - 2049 |  |  | 2028 - 2029 |  |  | 2025 - 2049 |  |  | 2022 - 2048 |  |  |
Number of series |  | 20 |  |  | 9 |  |  | 2 |  |  | 5 |  |  | 10 |  |  |
The actual maturity of each class of ABS issued is primarily determined by the rate of principal prepayments on the assets of the issuing entity. Each series is also subject to redemption prior to the stated maturity according to the terms of the respective governing documents of each ABS issuing entity. As a result, the actual maturity of ABS issued may occur earlier than its stated maturity. At March 31, 2020, the majority of the ABS issued and outstanding had contractual maturities beyond five years. See Note 4 for detail on the carrying value components of the collateral for ABS issued and outstanding. The following table summarizes the accrued interest payable on ABS issued at March 31, 2020 and December 31, 2019. Interest due on consolidated ABS issued is payable monthly. Table 14.2 – Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands) |  | March 31, 2020 |  | December 31, 2019
Legacy Sequoia |  | $ | 351 |  |  | $ | 395 |
Sequoia Choice |  | 6,920 |  |  | 7,732 |
Freddie Mac SLST |  | 5,251 |  |  | 5,374 |
Freddie Mac K-Series |  | 1,230 |  |  | 12,887 |
CAFL |  | 8,078 |  |  | 7,298 |
Total Accrued Interest Payable on ABS Issued |  | $ | 21,830 |  |  | $ | 33,686 |

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- Definition This item represents the disclosure related to the asset-backed securities issued under the Sequoia and Acacia securitization entities, and the Residential Resecuritization and Commercial Securitization entities, including their respective components, collateral, and accrued interest payable. + References No definition available. + Details
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- References No definition available. + Details
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