-----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, NEg4PIsxyIxHwMw68bTS2MMpZd4vUaebYKNC2tE4Lp2w/i59V3iZ6c/CzaGzof0m YQ9oG7MYPflX+TK5xr8pgA== 0000950134-04-004682.txt : 20040405 0000950134-04-004682.hdr.sgml : 20040405 20040405161236 ACCESSION NUMBER: 0000950134-04-004682 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040330 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040405 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: 1934 Act SEC FILE NUMBER: 333-22681 FILM NUMBER: 04717713 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 f97895ce8vk.htm FORM 8-K e8vk
 


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

March 30, 2004
Date of Report (Date of Earliest Event Reported)

SEQUOIA MORTGAGE FUNDING CORPORATION
(as Depositor of Sequoia Mortgage Funding Company 2002-A, the Issuer of Collateralized MBS
Funding Bonds, Series 2002-A, under an Indenture dated as of April 1, 2002)


SEQUOIA MORTGAGE FUNDING CORPORATION

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware
  333-22681   91-1771827
  		 
  		 
 
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

One Belvedere Place, Suite 320, Mill Valley, CA 94941

(Address of Principal Executive Offices)

(415) 381-1765

(Registrant’s Telephone Number,
Including Area Code)

591 Redwood Highway, Suite 3120, Mill Valley, CA 94941

(Former Name or Former Address, if Changed Since Last Report)

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

Item 5. Other Events

          Sequoia Mortgage Funding Corporation has previously registered the offer and sale of Collateralized MBS Funding Bonds, Series 2002-A issued by Sequoia Mortgage Funding Company 2002-A (the “Bonds”).

          The following exhibit which relates specifically to the Bonds is included with this Current Report:

Item 7(c). Exhibits

     
10.1
  Monthly Payment Date Statement relating to the distribution to Bondholders, March 30, 2004.

 

 

SIGNATURE

     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 thereunto duly authorized.

Date: April 2, 2004
         
  SEQUOIA MORTGAGE FUNDING
CORPORATION
 		  
  By:        /s/ Harold F. Zagunis    
    Harold F. Zagunis   
    Chief Financial Officer, Treasurer and Secretary   

 

 

         

EXHIBIT INDEX

             
Exhibit Number
       Page Number
10.1
  Monthly Payment Date Statement relating to the distribution to Bondholders, March 30, 2004     5  

 

EX-10.1 3 f97895cexv10w1.htm EXHIBIT 10.1 exv10w1
 

EXHIBIT 10.1

The Bank of New York
Corporate Trust and Agency Services
5 Penn Plaza, 16th Floor
New York, NY 10001
Patricia O’Neil Manella
(212) 328-7574

Distribution Date: March 30, 2004

SEQUOIA MORTGAGE FUNDING CORPORATION
Collateralized MBS Funding Bonds, Series 2002-A

Certificate Monthly Distribution Summary

                                                                 
            Beginning   Pass   Interest   Principal   Total   Realized   Ending Cert
Class
   CUSIP
   Cert Balance
   Through
   Distribution
   Distribution
   Distribution
   Losses
   Balance
A-1
     81743UAA3       21,590,087.90       1.696250 %     30,518.49       349,456.36       379,974.85       0.00       21,240,631.54  
A-2
     81743UAB1       8,888,541.78       1.846250 %     13,675.39       4,963,225.03       4,976,900.42       0.00       3,925,316.75  
 
            
 		              
 		      
 		      
 		      
 		      
 		  
Total
             30,478,629.68               44,193.88       5,312,681.39       5,356,875.27       0.00       25,165,948.29  
 
            
 		              
 		      
 		      
 		      
 		      
 		  

Current Payment Information
Factors per $1.00

                                                         
            Original Cert   Beginning   Interest   Principal   Ending   Current Pass
Class
   CUSIP
   Balance
   Factor
   Factor
   Factor
   Factor
   Through
A-1
     81743UAA3       64,761,000.00       333.381014736       0.471247955       5.396092675       327.984922061       1.696250 %
A-2
     81743UAB1       15,861,000.00       560.402357001       0.862202376       312.920057498       247.482299503       1.846250 %
 
            
 		      
 		      
 		      
 		      
 		          
Total
             80,622,000.00       378.043582145       0.548161553       65.896174614       312.147407532          
 
            
 		      
 		      
 		      
 		      
 		          

Underlying Certificates Monthly Distribution – Group I

                                                 
            Original   Beginning   Pass   Interest   Principal
Series
   Class
   Balance
   Balance
   Through
   Distribution
   Distribution
CWMBS 94K
     A1       123,119,000.00       0.00       0.000000 %     0.00       0.00  
DLJMA 93-Q18
     1A1       51,833,000.00       0.00       0.000000 %     0.00       0.00  
DLJMA 94-2A
     1A1       85,787,000.00       410,405.98       5.125648 %     1,753.00       1,114.16  
ONE 00-2
     2A       152,653,000.00       0.00       0.000000 %     0.00       0.00  
RYMS3 92-B
     1A2       7,712,906.00       0.00       0.000000 %     0.00       0.00  
SBM7 94-2
     A1       49,384,000.00       956,538.88       5.791810 %     4,616.74       59,575.05  
SMS 91-K
     A1       110,588,063.00       0.00       0.000000 %     0.00       0.00  
SMS 91-K
     A3       1,917,885.00       0.00       0.000000 %     0.00       0.00  
EAGLE 98-1
     M1       46,029,000.00       13,329,587.08       2.090000 %     22,441.84       115,919.12  
INMC 94-R
     M2       4,620,000.00       1,604,049.38       3.916982 %     5,235.86       4,776.46  
INMC 94-V
     B1       3,618,000.00       958,599.11       3.730794 %     2,980.28       3,318.57  
INMC 94-X
     B1       2,769,000.00       848,351.82       3.735842 %     2,641.09       3,127.60  
INMC 95-C
     B1       12,828,797.00       2,977,648.23       3.903072 %     9,684.98       6,960.38  
INMC 95-T
     A2       65,695,250.00       1,104,015.71       3.033957 %     2,791.28       164,362.15  
 
            
 		      
 		              
 		      
 		  
Total
             718,554,901.00       22,189,196.19               52,145.07       359,153.50  
 
            
 		      
 		              
 		      
 		  

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                         
            Total   Realized   Interest   Ending
Series
   Class
   Distribution
   Losses
   Shortfall
   Balance
CWMBS 94K
     A1       0.00       0.00       0.00       0.00  
DLJMA 93-Q18
     1A1       0.00       0.00       0.00       0.00  
DLJMA 94-2A
     1A1       2,867.16       0.00       0.00       409,291.82  
ONE 00-2
     2A       0.00       0.00       0.00       0.00  
RYMS3 92-B
     1A2       0.00       0.00       0.00       0.00  
SBM7 94-2
     A1       64,191.80       0.00       0.00       896,963.83  
SMS 91-K
     A1       0.00       0.00       0.00       0.00  
SMS 91-K
     A3       0.00       0.00       0.00       0.00  
EAGLE 98-1
     M1       138,360.96       0.00       0.00       13,213,667.96  
INMC 94-R
     M2       10,012.32       0.00       0.00       1,599,272.92  
INMC 94-V
     B1       6,298.85       0.00       0.00       955,280.54  
INMC 94-X
     B1       5,768.69       0.00       0.00       845,224.22  
INMC 95-C
     B1       16,645.36       0.00       0.00       2,970,687.85  
INMC 95-T
     A2       167,153.43       0.00       0.00       939,653.56  
 
            
 		      
 		      
 		      
 		  
Total
             411,298.57       0.00       0.00       21,830,042.69  
 
            
 		      
 		      
 		      
 		  

 

 

Underlying Certificates Monthly Distribution – Group II

                                                 
            Original   Beginning   Pass   Interest   Principal
Series
   Class
   Balance
   Balance
   Through
   Distribution
   Distribution
GRCAP 94-HM4
     A1       245,813,000.00       301,317.03       3.756367 %     943.21       829.95  
INMC 95-E
     B1       4,608,492.00       2,168,663.12       3.799543 %     6,866.61       48,848.62  
PMLT 99-A
     M1       2,914,000.00       1,599,159.77       2.116997 %     2,821.18       14,036.09  
RTC 95-2
     A3       119,696,000.00       4,980,555.82       2.989067 %     12,406.01       4,980,555.82  
 
            
 		              
 		      
 		      
 		  
Total
             373,031,492.00       9,049,695.75               23,037.02       5,044,270.49  
 
            
 		      
 		              
 		      
 		  

     

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                         
            Total   Realized   Interest   Ending
Series
   Class
   Distribution
   Losses
   Shortfall
   Balance
GRCAP 94-HM4
     A1       1,773.17       0.00       0.00       300,487.08  
INMC 95-E
     B1       55,715.23       0.00       0.00       2,119,814.50  
PMLT 99-A
     M1       16,857.27       0.00       0.00       1,585,123.68  
RTC 95-2
     A3       4,992,961.84       0.00       0.00       0.00  
 
            
 		      
 		      
 		      
 		  
Total
             5,067,307.51       0.00       0.00       4,005,425.26  
 
            
 		      
 		      
 		      
 		  

Underlying Pool Delinquent Information by Group

                                                         
    Loans            
    Outstanding   Delinquent 30-59 Days   Delinquent 60-89 Days   Delinquent 90+ Days
Series
   Balance
   No.
   Balance
   No.
   Balance
   No.
   Balance
CWMBS 94K
     0.00       0       0.00       0       0.00       0       0.00  
DLJMA 93-Q18(1)
     0.00       0       0.00       0       0.00       0       0.00  
DLJMA 94-2A(1)
     664,966.24       0       0.00       0       0.00       0       0.00  
ONE 00-2(2)
     0.00       0       0.00       0       0.00       0       0.00  
RYMS3 92-B(2)
     0.00       0       0.00       0       0.00       0       0.00  
SBM7 94-2(2)
     3,227,412.76       1       64,559.26       0       0.00       0       0.00  
SMS 91-K
     0.00       0       0.00       0       0.00       0       0.00  
EAGLE 98-1
     22,571,113.03       6       316,037.66       4       510,512.40       17       3,141,734.07  
INMC 94-R
     4,914,791.21       2       188,097.76       0       0.00       0       0.00  
INMC 94-V
     4,352,239.88       0       0.00       0       0.00       0       0.00  
INMC 94-X
     3,981,009.84       3       418,998.05       0       0.00       1       46,566.06  
INMC 95-C
     5,807,877.52       1       118,990.07       1       116,355.49       0       0.00  
INMC 95-T(2)
     4,786,255.61       2       223,469.30       0       0.00       0       0.00  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
     50,305,666.09       15       1,330,152.10       5       626,867.89       18       3,188,300.13  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  

     

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                         
    Foreclosure           REO   Realized Losses
Series
   No.
   Balance
   No.
   Balance
   Curr. Amount
CWMBS 94K
     0       0.00       0       0.00       0.00  
DLJMA 93-Q18(1)
     0       0.00       0       0.00       0.00  
DLJMA 94-2A(1)
     0       0.00       0       0.00       3,393.54  
ONE 00-2(2)
     0       0.00       0       0.00       0.00  
RYMS3 92-B(2)
     0       0.00       0       0.00       0.00  
SBM7 94-2(2)
     1       115,244.00       0       0.00       0.00  
SMS 91-K
     0       0.00       0       0.00       0.00  
EAGLE 98-1
     14       1,076,141.75       7       1,512,651.46       268,811.80  
INMC 94-R
     0       0.00       0       0.00       0.00  
INMC 94-V
     0       0.00       0       0.00       0.00  
INMC 94-X
     1       93,607.53       0       0.00       0.00  
INMC 95-C
     2       380,789.84       0       0.00       0.00  
INMC 95-T(2)
     1       78,379.53       0       0.00       0.00  
 
    
 		      
 		      
 		      
 		      
 		  
Total
     19       1,744,162.65       7       1,512,651.46       272,205.34  
 
    
 		      
 		      
 		      
 		      
 		  
                                                         
    Loans            
    Outstanding   Delinquent 30-59 Days   Delinquent 60-89 Days   Delinquent 90+ Days
Series
   Balance
   No.
   Balance
   No.
   Balance
   No.
   Balance
GRCAP 94-HM4
     4,159,817.18       1       207,051.66       0       0.00       0       0.00  
INMC 95-E
     10,184,441.16       9       1,982,728.62       3       339,001.68       0       0.00  
PMLT 99-A
     24,382,794.79       19       1,375,850.16       8       425,059.95       6       712,902.56  
RTC 95-2(1)
     0.00       0       0.00       0       0.00       0       0.00  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
     38,727,053.13       29       3,565,630.44       11       764,061.63       6       712,902.56  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total All
     89,032,719.22       44       4,895,782.54       16       1,390,929.52       24       3,901,202.69  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  

     

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                         
    Foreclosure           REO   Realized Losses
Series
   No.
   Balance
   No.
   Balance
   Curr. Amount
GRCAP 94-HM4
     0       0.00       0       0.00       0.00  
INMC 95-E
     1       398,090.53       0       0.00       0.00  
PMLT 99-A
     22       1,745,877.74       6       226,258.20       0.00  
RTC 95-2(1)
     0       0.00       0       0.00       0.00  
 
    
 		      
 		      
 		      
 		      
 		  
Total
     23       2,143,968.27       6       226,258.20       0.00  
 
    
 		      
 		      
 		      
 		      
 		  
Total All
     42       3,888,130.92       13       1,738,909.66       272,205.34  
 
    
 		      
 		      
 		      
 		      
 		  

(1)   Information shown for the Underlying Mortgage Loans for this Pooled Security is based on the Underlying Mortgage Loan group related to such Pooled Security only.
 
(2)   Information shown for the Underlying Mortgage Loans for this Pooled Security is based on all the Underlying Mortgage Loan groups in the related series.

 

 

Certificate Account Information

                                                         
                    Withdrawals                           Ending
Group
   Beginning Balance
   Funds Deposited
   Trustee Fee
   Management Fee
   Available Funds
   Funds Distributed
   Balance
I
     0.00       411,298.57       554.73       0.00       410,743.84       379,974.85       30,768.99  
II
     0.00       5,067,307.51       226.24       0.00       5,067,081.26       4,976,900.42       90,180.84  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
     0.00       5,478,606.08       780.97       0.00       5,477,825.10       5,356,875.27       120,949.83  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
                             
Additional Reporting Items
   Pool I
   Pool II
   Total
2.15(a)
   Available Interest     52,145.07       23,037.02       75,182.08  
 
   Available Principal     359,153.50       5,044,270.49       5,403,423.99  
2.15(b)
   Monthly Interest Amt.     see p. 1                  
2.15(c)
   Carryforward Interest     0.00       0.00       0.00  
2.15(d)
   Principal Paid     see p. 1                  
2.15(e)
   Class Print Amts.     see p. 1                  
2.15(f)
   Beginning Actual OC     2.7000 %     1.7808 %        
 
   Ending Actual OC     2.7000 %     2.0000 %        
2.15(g)
   2nd preceding pool bal     50,695,957.61       55,864,495.57       106,560,453.18  
2.15(h)
   Required OC     2.7000 %     2.0000 %        
2.15(i)
   Has Step-up Occurred?   No       No            
2.15(k)
   Monies Deposited to Reserve Fund     0.00       0.00       0.00  
2.15(l)
   Amts. Dist. to Investor Certificateholders     30,768.99       90,180.84       120,949.83  

Note: Management Fee is to be paid on an annual basis. This month’s Fee together with last month’s annualized amount equals the full annual Fee.

 

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