Asset-Backed Securities Issued (Tables)

6 Months Ended

Jun. 30, 2013

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

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

Asset-Backed Securities Issued

	June 30, 2013
			Residential		Commercial
(Dollars in Thousands)	Sequoia		Resecuritization		Securitization		Total
Certificates with principal balance	$	1,935,113	$	134,156	$	159,526	$	2,228,795
Interest-only certificates		4,903		-		-		4,903
Unamortized premium		-		-		-		-
Unamortized discount		(19,402)		-		-		(19,402)
Total ABS Issued	$	1,920,614	$	134,156	$	159,526	$	2,214,296
Range of weighted average interest rates, by series		0.40% to 4.20%		2.21%		5.62%
Stated maturities		2014 - 2047		2046		2018
Number of series		24		1		1
	December 31, 2012
			Residential		Commercial
(Dollars in Thousands)	Sequoia		Resecuritization		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 June 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)	June 30, 2013		December 31, 2012
Sequoia	$	1,509	$	2,103
Residential Resecuritization		33		40
Commercial Securitization		748		832
Total Accrued Interest Payable on ABS Issued	$	2,290	$	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 June 30, 2013 and December 31, 2012.

Collateral for Asset-Backed Securities Issued

	June 30, 2013
			Residential		Commercial
(In Thousands)	Sequoia		Resecuritization		Securitization		Total
Residential loans	$	1,998,178	$	-	$	-	$	1,998,178
Commercial loans		-		-		270,449		270,449
Real estate securities		-		294,771		-		294,771
Restricted cash		148		2		138		288
Accrued interest receivable		3,461		751		1,939		6,151
REO		3,965		-		-		3,965
Total Collateral for ABS Issued	$	2,005,752	$	295,524	$	272,526	$	2,573,802
	December 31, 2012
			Residential		Commercial
(In Thousands)	Sequoia		Resecuritization		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