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Asset-Backed Securities Issued
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Asset-Backed Securities Issued Asset-Backed Securities Issued
The carrying values of ABS issued by our consolidated securitization entities at June 30, 2020 and December 31, 2019, along with other selected information, are summarized in the following table.
Table 14.1 – Asset-Backed Securities Issued
June 30, 2020Legacy
Sequoia		Sequoia
Choice		Freddie Mac SLSTFreddie Mac
K-Series		CAFLTotal
(Dollars in Thousands)
Certificates with principal balance$378,087  $1,793,901  $1,765,505  $418,212  $2,323,475  $6,679,180  
Interest-only certificates1,410  9,005  24,434  13,874  95,324  144,047  
Market valuation adjustments (79,140) 58,871  22,069  32,605  (1,546) 32,859  
ABS Issued, Net $300,357  $1,861,777  $1,812,008  $464,691  $2,417,253  $6,856,086  
Range of weighted average interest rates, by series
0.39% to 2.60%
2.22% to 5.04%
3.50 %3.39 %
3.19% to 5.18%
Stated maturities2024 - 20362047 - 20502028 - 202920252022 - 2048
Number of series20  10  2  1  12  
December 31, 2019Legacy
Sequoia		Sequoia
Choice		Freddie Mac SLSTFreddie Mac K-SeriesCAFLTotal
(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 certificates1,282  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 maturities2024 - 20362047 - 20492028 - 20292025 - 20492022 - 2048
Number of series20  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 June 30, 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 June 30, 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)June 30, 2020December 31, 2019
Legacy Sequoia$230  $395  
Sequoia Choice6,474  7,732  
Freddie Mac SLST5,149  5,374  
Freddie Mac K-Series1,182  12,887  
CAFL8,300  7,298  
Total Accrued Interest Payable on ABS Issued$21,335  $33,686