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Asset-Backed Securities Issued (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Asset-Backed Securities Issued The carrying values of ABS issued by our consolidated securitization entities at March 31, 2022 and December 31, 2021, along with other selected information, are summarized in the following table.
Table 14.1 – Asset-Backed Securities Issued
March 31, 2022Legacy
Sequoia		Sequoia
CAFL (1)
Freddie Mac SLST (2)
Freddie Mac
K-Series		HEITotal
(Dollars in Thousands)
Certificates with principal balance$243,879 $3,868,206 $2,998,376 $1,463,505 $416,672 $127,904 $9,118,542 
Interest-only certificates321 48,561 170,661 16,494 9,491 — 245,528 
Market valuation adjustments (23,899)(288,847)(156,196)(9,956)(6,280)(6,526)(491,704)
ABS Issued, Net $220,301 $3,627,920 $3,012,841 $1,470,043 $419,883 $121,378 $8,872,366 
Range of weighted average interest rates, by series(3)
0.57% to 2.05%
2.46% to 5.03%
2.64% to 5.44%
3.50% to 4.75%
3.55 %3.27 %
Stated maturities(3)
2024 - 20362047-20522027-20312028-205920252052
Number of series20 17 16 3 1 1 
December 31, 2021Legacy
Sequoia		Sequoia
CAFL(1)
Freddie Mac SLST (2)
Freddie Mac K-SeriesHEITotal
(Dollars in Thousands)
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 $270 million (principal balance) of ABS issued by a CAFL bridge securitization trust sponsored by Redwood and accounted for at amortized cost at March 31, 2022 and December 31, 2021.
(2)Includes $131 million and $145 million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at March 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.
Accrued Interest Payable on Asset-Backed Securities Issued The following table summarizes the accrued interest payable on ABS issued at March 31, 2022 and December 31, 2021. Interest due on consolidated ABS issued is payable monthly.
Table 14.2 – Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands)March 31, 2022December 31, 2021
Legacy Sequoia$107 $99 
Sequoia 9,598 8,452 
CAFL10,342 11,030 
Freddie Mac SLST (1)
4,405 4,630 
Freddie Mac K-Series1,232 1,190 
Total Accrued Interest Payable on ABS Issued$25,684 $25,401 
(1)Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.