Asset-Backed Securities Issued (Tables)

12 Months Ended

Dec. 31, 2017

Carrying Value of ABS Issued by Consolidated Securitization Entities Sponsored, along with Other Selected Information

The carrying values of ABS issued by Sequoia securitization entities we sponsored at December 31, 2017 and December 31, 2016, along with other selected information, are summarized in the following table.

Table 12.1 – Asset-Backed Securities Issued



	December 31, 2017								December 31, 2016
(Dollars in Thousands)	Legacy Sequoia			Sequoia Choice		Total			Legacy Sequoia			Sequoia Choice			Total
Certificates with principal balance	$	691,125		$	526,657	$	1,217,782		$	880,517		$	—		$	880,517
Interest-only certificates	1,972			7,695		9,667			3,774			—			3,774
Market valuation adjustments	(70,652		)	7,788		(62,864		)	(110,829		)	—			(110,829		)
ABS Issued, Net	$	622,445		$	542,140	$	1,164,585		$	773,462		$	—		$	773,462
Range of weighted average interest rates, by series	1.46% to 2.78%			4.52% to 4.73%					0.74% to 2.23%			—		%
Stated maturities	2024 - 2036			2047					2024 - 2036			N/A
Number of series	20			2					20			—

Summary of Carrying Value Components of Collateral for ABS Issued and Outstanding

The following table summarizes the carrying value components of the collateral for ABS issued and outstanding at December 31, 2017 and December 31, 2016.

Table 12.2 – Collateral for Asset-Backed Securities Issued



	December 31, 2017						December 31, 2016
(In Thousands)	Legacy Sequoia		Sequoia Choice		Total		Legacy Sequoia		Sequoia Choice		Total
Residential loans	$	632,817	$	620,062	$	1,252,879	$	791,636	$	—	$	791,636
Restricted cash	147		4		151		148		—		148
Accrued interest receivable	867		2,524		3,391		1,000		—		1,000
REO	3,353		—		3,353		5,533		—		5,533
Total Collateral for ABS Issued	$	637,184	$	622,590	$	1,259,774	$	798,317	$	—	$	798,317