Asset-Backed Securities Issued (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Asset-Backed Securities Issued

The carrying values of ABS issued by our consolidated securitization entities at December 31, 2024 and 2023 along with other selected information, are summarized in the following table.

Table 16.1 – Asset-Backed Securities Issued


	December 31, 2024
	Unpaid Principal Balance		Carrying Value		Weighted Average Interest Rate	Stated Maturities	Number of Series
(Dollars in Thousands)
Sequoia	$	9,220,157	$	8,585,077	2.66% to 8.52%	2028-2063	54
CAFL	2,752,657		2,687,977		2.76% to 7.89%	2027-2033	19
Freddie Mac SLST	1,075,249		1,005,945		3.50%	2028-2029	2
Freddie Mac K-Series	393,762		389,434		3.41%	2025	1
HEI	212,484		211,097		3.96% to 6.71%	2052-2053	2
ABS Issued at Fair Value	$	13,654,309	$	12,879,530
CAFL	244,772		244,772		2.31% to 4.38%	2029	2
Freddie Mac SLST	148,180		145,902		7.50%	2059	1
ABS Issued at Amortized Cost	$	392,952	$	390,674
Total ABS Issued	$	14,047,261	$	13,270,204


	December 31, 2023
	Unpaid Principal Balance		Carrying Value		Weighted Average Interest Rate	Stated Maturities	Number of Series
(Dollars in Thousands)
Sequoia	$	5,151,646	$	4,568,660	2.67% to 6.66%	2024-2053	42
CAFL	2,987,825		2,879,913		2.69% to 7.89%	2027-2033	19
Freddie Mac SLST	1,147,111		1,088,225		3.50%	2028-2029	2
Freddie Mac K-Series	402,400		391,977		3.55%	2025	1
HEI	233,131		222,488		3.86% to 6.70%	2052-2053	2
ABS Issued at Fair Value	$	9,922,113	$	9,151,263
CAFL	485,000		483,065		2.34% to 4.36%	2029	2
Freddie Mac SLST	181,546		177,552		7.50%	2059	1
ABS Issued at Amortized Cost	$	666,546	$	660,617
Total ABS Issued	$	10,588,659	$	9,811,880