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Asset-Backed Securities Issued (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Asset-Backed Securities Issued The carrying values of ABS issued by our consolidated securitization entities at March 31, 2021 and December 31, 2020, along with other selected information, are summarized in the following table.
Table 14.1 – Asset-Backed Securities Issued
March 31, 2021Legacy
Sequoia		Sequoia
Choice
Freddie Mac SLST (1)
Freddie Mac
K-Series		CAFLTotal
(Dollars in Thousands)
Certificates with principal balance$309,916 $1,024,081 $1,800,808 $424,393 $2,728,355 $6,287,553 
Interest-only certificates819 2,274 22,962 12,326 153,420 191,801 
Market valuation adjustments (38,820)27,650 97,670 23,846 81,977 192,323 
ABS Issued, Net $271,915 $1,054,005 $1,921,440 $460,565 $2,963,752 $6,671,677 
Range of weighted average interest rates, by series
0.32% to 1.47%
2.28% to 5.06%
3.50% to 4.75%
3.41 %
2.63% to 5.56%
Stated maturities2024 - 20362047 - 20502028 - 205920252022 - 2052
Number of series20 10 3 1 14 
December 31, 2020Legacy
Sequoia		Sequoia
Choice
Freddie Mac SLST (1)
Freddie Mac K-SeriesCAFLTotal
(Dollars in Thousands)
Certificates with principal balance$329,039 $1,309,957 $1,866,145 $416,339 $2,716,425 $6,637,905 
Interest-only certificates1,092 4,591 23,335 13,026 162,934 204,978 
Market valuation adjustments (47,805)32,809 104,439 34,601 133,734 257,778 
ABS Issued, Net $282,326 $1,347,357 $1,993,919 $463,966 $3,013,093 $7,100,661 
Range of weighted average interest rates, by series
0.35% to 1.55%
2.25% to 5.04%
3.50% to 4.75%
3.39 %
2.68% to 5.42%
Stated maturities2024 - 20362047 - 20502028 - 205920252022 - 2052
Number of series20 10 3 1 14 
(1)Includes $200 million and $205 million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at March 31, 2021 and December 31, 2020, respectively.
Accrued Interest Payable on Asset-Backed Securities Issued The following table summarizes the accrued interest payable on ABS issued at March 31, 2021 and December 31, 2020. Interest due on consolidated ABS issued is payable monthly.
Table 14.2 – Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands)March 31, 2021December 31, 2020
Legacy Sequoia$128 $141 
Sequoia Choice3,658 4,697 
Freddie Mac SLST (1)
5,461 5,656 
Freddie Mac K-Series1,208 1,177 
CAFL10,256 10,122 
Total Accrued Interest Payable on ABS Issued$20,711 $21,793 
(1)Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.