Asset-Backed Securities Issued (Tables)

9 Months Ended

Sep. 30, 2013

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

The carrying values of ABS issued by consolidated securitization entities we sponsored at September 30, 2013 and December 31, 2012, along with other selected information, are summarized in the following table.

Asset-Backed Securities Issued

	September 30, 2013
(Dollars in Thousands)	Sequoia		Residential Resecuritization		Commercial Securitization		Total
Certificates with principal balance	$	1,804,951	$	112,179	$	158,799	$	2,075,929
Interest-only certificates		4,014		-		-		4,014
Unamortized premium		-		-		-		-
Unamortized discount		(18,278)		-		-		(18,278)
Total ABS Issued	$	1,790,687	$	112,179	$	158,799	$	2,061,665
Range of weighted average interest rates, by series		0.33% to 4.22%		2.21%		5.62%
Stated maturities		2014 - 2047		2046		2018
Number of series		24		1		1

	December 31, 2012
(Dollars in Thousands)	Sequoia		Residential Resecuritization		Commercial Securitization		Total
Certificates with principal balance	$	2,207,851	$	164,746	$	171,714	$	2,544,311
Interest-only certificates		7,769		-		-		7,769
Unamortized premium		921		-		-		921
Unamortized discount		(23,060)		-		-		(23,060)
Total ABS Issued	$	2,193,481	$	164,746	$	171,714	$	2,529,941
Range of weighted average interest rates, by series		0.41% to 4.16%		2.21%		5.62%
Stated maturities		2014 - 2047		2046		2018
Number of series		24		1		1

Summary of Accrued Interest Payable on ABS Issued

The following table summarizes the accrued interest payable on ABS issued at September 30, 2013 and December 31, 2012. Interest due on consolidated ABS issued is payable monthly.

Accrued Interest Payable on Asset-Backed Securities Issued

(In Thousands)	September 30, 2013		December 31, 2012
Sequoia	$	1,322	$	2,103
Residential Resecuritization		27		40
Commercial Securitization		744		832
Total Accrued Interest Payable on ABS Issued	$	2,093	$	2,975

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 September 30, 2013 and December 31, 2012.

Collateral for Asset-Backed Securities Issued

	September 30, 2013
			Residential		Commercial
(In Thousands)	Sequoia		Resecuritization		Securitization		Total
Residential loans	$	1,864,653	$	-	$	-	$	1,864,653
Commercial loans		-		-		269,255		269,255
Real estate securities		-		275,763		-		275,763
Restricted cash		159		-		138		297
Accrued interest receivable		3,061		682		1,933		5,676
REO		4,050		-		-		4,050
Total Collateral for ABS Issued	$	1,871,923	$	276,445	$	271,326	$	2,419,694
	December 31, 2012
(In Thousands)	Sequoia		Residential Resecuritization		Commercial Securitization		Total
Residential loans	$	2,272,812	$	-	$	-	$	2,272,812
Commercial loans		-		-		283,610		283,610
Real estate securities		-		324,606		-		324,606
Restricted cash		147		-		137		284
Accrued interest receivable		4,484		839		2,132		7,455
REO		4,245		-		-		4,245
Total Collateral for ABS Issued	$	2,281,688	$	325,445	$	285,879	$	2,893,012