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Asset-Backed Securities Issued (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Asset-Backed Securities Issued | The carrying values of ABS issued by our consolidated securitization entities at September 30, 2021 and December 31, 2020, along with other selected information, are summarized in the following table. Table 14.1 – Asset-Backed Securities Issued
September 30, 2021 |  | Legacy Sequoia |  | Sequoia |  | CAFL (1) |  | Freddie Mac SLST (2) |  | Freddie Mac K-Series |  | Point HEI |  | Total
(Dollars in Thousands) |  |  |  |  |  |  |
Certificates with principal balance |  | $ | 273,957 |  |  | $ | 2,199,488 |  |  | $ | 3,134,946 |  |  | $ | 1,630,252 |  |  | $ | 420,654 |  |  | $ | 145,320 |  |  | $ | 7,804,617 |
Interest-only certificates |  | 739 |  |  | 21,003 |  |  | 189,946 |  |  | 19,787 |  |  | 10,885 |  |  | — |  |  | 242,360 |
Market valuation adjustments |  | (35,249) |  |  | 22,808 |  |  | 68,684 |  |  | 60,625 |  |  | 19,863 |  |  | 117 |  |  | 136,848 |
ABS Issued, Net |  | $ | 239,447 |  |  | $ | 2,243,299 |  |  | $ | 3,393,576 |  |  | $ | 1,710,664 |  |  | $ | 451,402 |  |  | $ | 145,437 |  |  | $ | 8,183,825 |
Range of weighted average interest rates, by series(3) |  | 0.49% to 1.45% |  | 2.34% to 5.07% |  | 2.34% to 5.21% |  | 3.50% to 4.75% |  | 3.41 | % |  | 3.27 | % |  |
Stated maturities(3) |  | 2024 - 2036 |  | 2047 - 2051 |  | 2021 - 2031 |  | 2028 - 2059 |  | 2025 |  | 2052 |  |
Number of series |  | 20 |  |  | 13 |  |  | 16 |  |  | 3 |  |  | 1 |  |  | 1 |  |  |
December 31, 2020 |  | Legacy Sequoia |  | Sequoia |  | CAFL |  | Freddie Mac SLST (2) |  | Freddie Mac K-Series |  | Point HEI |  | Total
(Dollars in Thousands) |  |  |  |  |  |  |
Certificates with principal balance |  | $ | 329,039 |  |  | $ | 1,309,957 |  |  | $ | 2,716,425 |  |  | $ | 1,866,145 |  |  | $ | 416,339 |  |  | $ | — |  |  | $ | 6,637,905 |
Interest-only certificates |  | 1,092 |  |  | 4,591 |  |  | 162,934 |  |  | 23,335 |  |  | 13,026 |  |  | — |  |  | 204,978 |
Market valuation adjustments |  | (47,805) |  |  | 32,809 |  |  | 133,734 |  |  | 104,439 |  |  | 34,601 |  |  | — |  |  | 257,778 |
ABS Issued, Net |  | $ | 282,326 |  |  | $ | 1,347,357 |  |  | $ | 3,013,093 |  |  | $ | 1,993,919 |  |  | $ | 463,966 |  |  | $ | — |  |  | $ | 7,100,661 |
Range of weighted average interest rates, by series(3) |  | 0.35% to 1.55% |  | 2.25% to 5.04% |  | 2.68% to 5.42% |  | 3.50% to 4.75% |  | 3.39 | % |  | — | % |  |
Stated maturities(3) |  | 2024 - 2036 |  | 2047 - 2050 |  | 2021 - 2031 |  | 2028 - 2059 |  | 2025 |  | — |  |  |
Number of series |  | 20 |  |  | 10 |  |  | 14 |  |  | 3 |  |  | 1 |  |  | — |  |  |
(1)Includes $270 million (principal balance) of ABS issued by a CAFL bridge securitization trust sponsored by Redwood and accounted for at amortized cost at September 30, 2021. (2)Includes $163 million and $205 million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at September 30, 2021 and December 31, 2020, respectively. (3)Certain ABS issued by CAFL, Freddie Mac SLST, and Point HEI entities is subject to early redemption and interest rate step-ups as described below.
Accrued Interest Payable on Asset-Backed Securities Issued | The following table summarizes the accrued interest payable on ABS issued at September 30, 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) |  | September 30, 2021 |  | December 31, 2020
Legacy Sequoia |  | $ | 107 |  |  | $ | 141 |
Sequoia |  | 5,918 |  |  | 4,697 |
CAFL |  | 10,760 |  |  | 10,122 |
Freddie Mac SLST (1) |  | 4,925 |  |  | 5,656 |
Freddie Mac K-Series |  | 1,195 |  |  | 1,177 |
Total Accrued Interest Payable on ABS Issued |  | $ | 22,905 |  |  | $ | 21,793 |
(1)Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.

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