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Asset-Backed Securities Issued (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Carrying Value of ABS Issued by Consolidated Securitization Entities Sponsored, along with Other Selected Information
Table 15.1 – Asset-Backed Securities Issued
December 31, 2022
(Dollars in Thousands)Legacy
Sequoia		Sequoia
CAFL (1)
Freddie Mac SLST (2)
Freddie Mac
K-Series		HEITotal
Certificates with principal balance$200,047 $3,595,715 $3,322,250 $1,306,652 $410,725 $108,962 $8,944,351 
Interest-only certificates180 57,871 124,928 15,328 7,379 — 205,686 
Market valuation adjustments (16,036)(682,477)(331,371)(99,830)(25,319)(8,252)(1,163,285)
ABS Issued, Net $184,191 $2,971,109 $3,115,807 $1,222,150 $392,785 $100,710 $7,986,752 
Range of weighted average interest rates, by series(3)
2.69% to 5.19%
2.57% to 6.13%
2.34% to 5.92%
3.50% to 4.75%
3.41 %3.78 %
Stated maturities(3)
2024 - 20362047-20522027-20322028-205920252052
Number of series20 17 19 3 1 1 
December 31, 2021
(Dollars in Thousands)Legacy
Sequoia		Sequoia
CAFL (1)
Freddie Mac SLST (2)
Freddie Mac K-SeriesHEITotal
Certificates with principal balance$259,505 $3,353,073 $3,264,766 $1,535,638 $418,700 $138,792 $8,970,474 
Interest-only certificates619 32,749 193,725 11,714 10,184 — 248,991 
Market valuation adjustments (32,243)(2,774)16,407 41,111 12,973 (1,382)34,092 
ABS Issued, Net $227,881 $3,383,048 $3,474,898 $1,588,463 $441,857 $137,410 $9,253,557 
Range of weighted average interest rates, by series(3)
0.23% to 1.44%
2.40% to 5.03%
2.64% to 5.24%
3.50% to 4.75%
3.41%
3.31 %
Stated maturities(3)
2024 - 20362047-20522027-20312028-205920252052
Number of series20 16 16 3 1 1 
(1)Includes $485 million and $270 million (principal balance) of ABS issued by two CAFL bridge securitization trusts sponsored by Redwood and accounted for at amortized cost at December 31, 2022 and December 31, 2021, respectively.
(2)Includes $86 million and $145 million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at December 31, 2022 and December 31, 2021, respectively.
(3)Certain ABS issued by CAFL, Freddie Mac SLST, and HEI securitization entities are subject to early redemption and interest rate step-ups as described below.
Schedule of Interest Payable On Asset-Backed Securities Issued The following table summarizes the accrued interest payable on ABS issued at December 31, 2022 and 2021. Interest due on consolidated ABS issued is payable monthly.
Table 15.2 – Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands)December 31, 2022December 31, 2021
Legacy Sequoia$282 $99 
Sequoia8,880 8,452 
CAFL10,918 11,030 
Freddie Mac SLST (1)
3,561 4,630 
Freddie Mac K-Series1,167 1,190 
Total Accrued Interest Payable on ABS Issued$24,808 $25,401 
(1)Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.