Asset-Backed Securities Issued (Tables)

6 Months Ended

Jun. 30, 2011

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

The components of ABS issued by consolidated securitization entities we sponsored at June 30, 2011 and December 31, 2010, along with other selected information, are summarized in the following table.

Asset-Backed Securities Issued

	June 30, 2011									December 31, 2010
(In Thousands)	Sequoia			Acacia			Total			Sequoia			Acacia			Total
Certificates with principal value	$	3,561,931		$	2,917,906		$	6,479,837		$	3,445,882		$	2,956,657		$	6,402,539
Interest-only certificates		9,922			—			9,922			15,587			—			15,587
Unamortized premium		1,470			—			1,470			1,726			—			1,726
Unamortized discount		(7,322	)		—			(7,322	)		(4,694	)		—			(4,694	)
Fair value adjustment, net		—			(2,644,581	)		(2,644,581	)		—			(2,653,580	)		(2,653,580	)
Total ABS Issued	$	3,566,001		$	273,325		$	3,839,326		$	3,458,501		$	303,077		$	3,761,578
Range of weighted average interest rates, by series		0.38% to 4.14%			0.76% to 1.89%						0.45% to 4.40%			0.76% to 1.88%
Stated maturities		2014 – 2047			2039 – 2052						2014 – 2047			2039 – 2052
Number of series		38			10						37			10

Summary of Accrued Interest Payable on ABS Issued

The following table summarizes the accrued interest payable on ABS issued at June 30, 2011 and December 31, 2010. Interest due on Sequoia ABS issued is settled monthly and interest due on Acacia ABS issued is settled quarterly.

Accrued Interest Payable on Asset-Backed Securities Issued

(In Thousands)	June 30, 2011		December 31, 2010
Sequoia	$	3,017	$	2,356
Acacia		2,792		2,911
Total Accrued Interest Payable on ABS Issued	$	5,809	$	5,267

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 June 30, 2011 and December 31, 2010.

Collateral for Asset-Backed Securities Issued

	June 30, 2011						December 31, 2010
(In Thousands)	Sequoia		Acacia		Total		Sequoia		Acacia		Total
Real estate loans	$	3,654,932	$	12,698	$	3,667,630	$	3,542,159	$	19,850	$	3,562,009
Real estate securities		—		293,308		293,308		—		327,919		327,919
REO		9,678		—		9,678		14,241		—		14,241
Restricted cash		283		30,287		30,570		331		21,790		22,121
Accrued interest receivable		6,824		2,352		9,176		6,264		2,735		8,999
Total Collateral for ABS Issued	$	3,671,717	$	338,645	$	4,010,362	$	3,562,995	$	372,294	$	3,935,289