-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MZomAf6XqWLD3oIij99eFYzvNA8sHJZLPva/Xr5tKPLp6DDDDvweLomzhXyPdlKO 540F8LN1UtFA8M7Y8zk/ng== 0000905148-97-001560.txt : 19971029 0000905148-97-001560.hdr.sgml : 19971029 ACCESSION NUMBER: 0000905148-97-001560 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971018 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971028 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA MORTGAGE FUNDING CORP CENTRAL INDEX KEY: 0001033146 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 911771827 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-22681 FILM NUMBER: 97701729 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: STE 3120 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153811765 MAIL ADDRESS: STREET 1: 591 REDWOOD HIGHWAY STREET 2: STE 3120 CITY: MILL VALLEY STATE: CA ZIP: 94941 8-K 1 _________________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest Event Reported): October 28, 1997 SEQUOIA MORTGAGE FUNDING CORPORATION, (as depositor). SEQUOIA MORTGAGE FUNDING CORPORATION ----------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-22681 91-1771827 - ---------------------------- ------------ ----------------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 591 Redwood Highway Suite 3120 Mill Valley, California 94941 --------------------------- ---------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code (415) 381-1765 ----- -------- _________________________________________________________________ Item 5. Other Events. - ---- ------------ Incorporation of Certain Documents by Reference. - ----------------------------------------------- Pursuant to Rule 411 of Regulation C under the Securities Act of 1933 and in reliance on AMBAC Indemnity Corporation, SEC No-Action Letter (December 19, 1996), Sequoia Mortgage Funding Corporation (the "Company") will incorporate by reference into the Company's registration statement (File No. 333-22681), the consolidated financial statements of Ambac Assurance Corporation and its subsidiaries as of December 31, 1996 and December 31, 1995, and for the three year period ended December 31, 1996, included in the Current Report on Form 8-K of AMBAC Inc. (which was filed with the Securities and Exchange Commission on March 12, 1997) and the consolidated financial statements of Ambac Assurance Corporation and its subsidiaries as of June 30, 1997, and for the periods ended June 30, 1997 and June 30, 1996, included in the Quarterly Report on Form 10-Q of Ambac Financial Group for the period ended June 30, 1997 (which was filed with the Securities and Exchange Commission on August 14, 1997). Such financial statements will be referred to in the prospectus supplement dated October 24, 1997 relating to Sequoia Mortgage Trust 2 Collateralized Mortgage Bonds. In connection with the incorporation of such documents by reference, the Company is hereby filing the consent of KPMG Peat Marwick LLP to the use of its name in such prospectus supplement. The consent of KPMG Peat Marwick LLP is attached hereto as Exhibit 23. Item 7. Financial Statements, Pro Forma Financial - ---- ----------------------------------------- Information and Exhibits. ------------------------ (a) Not applicable. (b) Not applicable. (c) Exhibits: 23 Consent of KPMG Peat Marwick LLP. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SEQUOIA MORTGAGE FUNDING CORPORATION By: /s/ Vickie L. Rath ----------------------------------- Vickie L. Rath Treasurer and Assistant Secretary Dated: October 28, 1997 Exhibit Index ------------- Exhibit - ------- 23 Consent of KPMG Peat Marwick LLP Exhibit 23 ---------- INDEPENDENT AUDITORS' CONSENT The Board of Directors Ambac Assurance Corporation We consent to the incorporation by reference in the registration statement (No. 333-22681) of Sequoia Mortgage Funding Corporation (the "Registrant") and in the Prospectus Supplement of the Registrant dated October 24, 1997 (the "Prospectus Supplement") of our report dated January 30, 1997 on the consolidated financial statements of Ambac Assurance Corporation (formerly AMBAC Indemnity Corporation) as of December 31, 1996 and 1995, and for each of the years in the three-year period ended December 31, 1996, which report appears in the Form 8-K of Ambac Financial Group, Inc., (formerly AMBAC Inc.) dated March 12, 1997 and to the reference to our firm under the heading "Experts" in the Prospectus Supplement. /s/ KPMG Peat Marwick LLP New York, New York October 24, 1997 BROWN & WOOD LLP One World Trade Center New York, New York 10048 Telephone: (212) 839-5300 Facsimile: (212) 839-5599 October 28, 1997 BY MODEM - -------- Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Sequoia Mortgage Funding Corporation Sequoia Mortgage Trust 2 Collateralized Mortgage Bonds ------------------------------------ Ladies and Gentlemen: On behalf of Sequoia Mortgage Funding Corporation (the "Company"), we enclose herewith for filing, pursuant to the Securities and Exchange Act of 1934, as amended, the Company's Current Report on Form 8-K, including, as an exhibit thereto, a consent of KPMG Peat Marwick LLP in connection with the above-referenced transaction. Very truly yours, /s/ Steven Z. Hodaszy Steven Z. Hodaszy Enclosure -----END PRIVACY-ENHANCED MESSAGE-----