Asset-Backed Securities Issued (Tables)

3 Months Ended

Mar. 31, 2014

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 March 31, 2014 and December 31, 2013, along with other selected information, are summarized in the following table.

Asset-Backed Securities Issued

	March 31, 2014
			Residential		Commercial
(Dollars in Thousands)	Sequoia		Resecuritization		Securitization		Total
Certificates with principal balance	$	1,637,485	$	82,179	$	147,574	$	1,867,238
Interest-only certificates		2,951		-		-		2,951
Unamortized discount		(15,845)		-		-		(15,845)
Total ABS Issued	$	1,624,591	$	82,179	$	147,574	$	1,854,344
Range of weighted average interest rates, by series		0.17% to 4.24%		2.21%		5.62%
Stated maturities		2014 - 2047		2046		2018
Number of series		24		1		1

	December 31, 2013
(Dollars in Thousands)	Sequoia		Residential  Resecuritization		Commercial Securitization		Total
Certificates with principal balance	$	1,708,324	$	94,934	$	153,693	$	1,956,951
Interest-only certificates		3,400		-		-		3,400
Unamortized discount		(17,389)		-		-		(17,389)
Total ABS Issued	$	1,694,335	$	94,934	$	153,693	$	1,942,962
Range of weighted average interest rates, by series		0.24% to 4.23%		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 March 31, 2014 and December 31, 2013. Interest due on consolidated ABS issued is payable monthly.

Accrued Interest Payable on Asset-Backed Securities Issued

(In Thousands)	March 31, 2014		December 31, 2013
Sequoia	$	1,158	$	1,218
Residential Resecuritization		25		11
Commercial Securitization		692		720
Total Accrued Interest Payable on ABS Issued	$	1,875	$	1,949

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 March 31, 2014 and December 31, 2013.

Collateral for Asset-Backed Securities Issued

	March 31, 2014
(In Thousands)	Sequoia		Residential Resecuritization		Commercial Securitization		Total
Residential loans	$	1,689,994	$	-	$	-	$	1,689,994
Commercial loans		-		-		257,375		257,375
Real estate securities		-		255,834		-		255,834
Restricted cash		189		-		134		323
Accrued interest receivable		2,507		580		1,919		5,006
REO		2,607		-		-		2,607
Total Collateral for ABS Issued	$	1,695,297	$	256,414	$	259,428	$	2,211,139

	December 31, 2013
(In Thousands)	Sequoia		Residential Resecuritization		Commercial Securitization		Total
Residential loans	$	1,762,167	$	-	$	-	$	1,762,167
Commercial loans		-		-		257,741		257,741
Real estate securities		-		263,204		-		263,204
Restricted cash		152		-		137		289
Accrued interest receivable		2,714		627		1,975		5,316
REO		3,661		-		-		3,661
Total Collateral for ABS Issued	$	1,768,694	$	263,831	$	259,853	$	2,292,378