-----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, EWfv6EHBmGBISvhxnbB07b9xd5VBcIkvUax4iwraPhEG9I09P6UxDfvBvu70LaVr 3T8o1YaMvyvFlhYvWq/d7A== 0000950134-04-006945.txt : 20040507 0000950134-04-006945.hdr.sgml : 20040507 20040507152531 ACCESSION NUMBER: 0000950134-04-006945 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040429 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040507 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: 04788957 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 f98764ae8vk.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

April 29, 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, April 29, 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:  May 6, 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, April 29, 2004     5  

 

EX-10.1 2 f98764aexv10w1.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: April 29, 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     21,240,631.54       1.690000 %     29,913.89       710,850.44       740,764.33       0.00       20,529,781.10  
A-2
   81743UAB1     3,925,316.75       1.840000 %     6,018.82       30,243.70       36,262.52       0.00       3,895,073.05  
 
  
 		    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
         25,165,948.29               35,932.71       741,094.14       777,026.85       0.00       24,424,854.15  
 
  
 		    
 		      
 		      
 		      
 		      
 		      
 		      
 		  

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       327.984922061       0.461912099       10.976520390       317.008401671       1.690000 %
A-2
   81743UAB1     15,861,000.00       247.482299503       0.379472859       1.906796659       245.575502844       1.840000 %
 
  
 		    
 		      
 		      
 		      
 		      
 		      
 		  
Total
         80,622,000.00       312.147407532       0.445693588       9.192207323       302.955200209          
 
  
 		    
 		      
 		      
 		      
 		      
 		      
 		  

Underlying Certificates Monthly Distribution — Group I

                                                                             
        Original   Beginning   Pass   Interest   Principal   Total   Realized   Interest   Ending
Series
   Class
   Balance
   Balance
   Through
   Distribution
   Distribution
   Distribution
   Losses
   Shortfall
   Balance
CWMBS 94K
   A1     123,119,000.00       0.00       0.000000 %     0.00       0.00       0.00       0.00       0.00       0.00  
DLJMA 93-Q18
   1A1     51,833,000.00       0.00       0.000000 %     0.00       0.00       0.00       0.00       0.00       0.00  
DLJMA 94-2A
   1A1     85,787,000.00       409,291.82       5.126315 %     1,748.47       41,100.01       42,848.48       0.00       0.00       368,191.81  
ONE 00-2
   2A     152,653,000.00       0.00       0.000000 %     0.00       0.00       0.00       0.00       0.00       0.00  
RYMS3 92-B
   1A2     7,712,906.00       0.00       0.000000 %     0.00       0.00       0.00       0.00       0.00       0.00  
SBM7 94-2
   A1     49,384,000.00       896,963.83       5.734041 %     4,286.02       1,931.26       6,217.28       0.00       0.00       895,032.57  
SMS 91-K
   A1     110,588,063.00       0.00       0.000000 %     0.00       0.00       0.00       0.00       0.00       0.00  
SMS 91-K
   A3     1,917,885.00       0.00       0.000000 %     0.00       0.00       0.00       0.00       0.00       0.00  
EAGLE 98-1
   M1     46,029,000.00       13,213,667.96       2.090000 %     24,548.07       665,743.61       690,291.68       0.00       0.00       12,547,924.35  
INMC 94-R
   M2     4,620,000.00       1,599,272.92       3.927480 %     5,234.26       4,963.21       10,197.47       0.00       0.00       1,594,309.71  
INMC 94-V
   B1     3,618,000.00       955,280.54       3.777998 %     3,007.54       3,035.21       6,042.75       0.00       0.00       952,245.33  
INMC 94-X
   B1     2,769,000.00       845,224.22       3.741303 %     2,635.20       3,430.23       6,065.43       0.00       0.00       841,793.99  
INMC 95-C
   B1     12,828,797.00       2,970,687.85       3.903237 %     9,662.75       7,811.83       17,474.58       0.00       0.00       2,962,876.02  
INMC 95-T
   A2     65,695,250.00       939,653.56       3.133346 %     2,453.55       2,560.63       5,014.18       0.00       0.00       937,092.93  
 
  
 		    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
         718,554,901.00       21,830,042.69               53,575.86       730,575.99       784,151.85       0.00       0.00       21,099,466.70  
 
  
 		    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  

 

 

Underlying Certificates Monthly Distribution — Group II

                                                                             
        Original   Beginning   Pass   Interest   Principal   Total   Realized   Interest   Ending
Series
   Class
   Balance
   Balance
   Through
   Distribution
   Distribution
   Distribution
   Losses
   Shortfall
   Balance
GRCAP94-HM4
   A1     245,813,000.00       300,487.08       3.813770 %     954.99       759.65       1,714.64       0.00       0.00       299,727.43  
INMC 95-E
   B1     4,608,492.00       2,119,814.50       3.802398 %     6,716.98       7,200.13       13,917.11       0.00       0.00       2,112,614.37  
PMLT 99-A
   M1     2,914,000.00       1,585,123.68       2.336002 %     3,085.71       22,901.14       25,986.85       0.00       0.00       1,562,222.54  
RTC 95-2
   A3     119,696,000.00       0.00       0.000000 %     0.00       0.00       0.00       0.00       0.00       0.00  
 
  
 		    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
         373,031,492.00       4,005,425.26               10,757.68       30,860.92       41,618.60       0.00       0.00       3,974,564.34  
 
  
 		    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  

Underlying Pool Delinquent Information by Group

                                                                                                 
    Loans   Delinquent 30-59 Days   Delinquent 0-89 Days   Delinquent 90+ Days   Foreclosure   REO    
    Outstanding  
 
 
 
 
  Realized Losses
Series
   Balance
   No.
   Balance
   No.
   Balance
   No.
   Balance
   No.
   Balance
   No.
   Balance
   Curr. Amount
CWMBS 94K
     0.00       0       0.00       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
DLJMA 93-Q18(1)
     0.00       0       0.00       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
DLJMA 94-2A(1)
     598,192.07       0       0.00       0       0.00       0       0.00       0       0.00       0       0.00       3,393.54  
ONE 00-2(2)
     0.00       0       0.00       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
RYMS3 92-B(2)
     0.00       0       0.00       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
SBM7 94-2(2)
     3,221,412.85       0       0.00       0       0.00       0       0.00       1       115,075.91       0       0.00       0.00  
SMS 91-K
     0.00       0       0.00       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
EAGLE 98-1
     21,247,516.30       5       365,442.38       3       156,314.17       13       1,710,984.46       15       1,576,212.73       9       1,651,633.15       -3,714.52  
INMC 94-R
     4,899,538.57       2       365,565.11       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
INMC 94-V
     4,338,411.51       2       93,231.28       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
INMC 94-X
     3,964,853.46       1       91,427.49       0       0.00       1       46,451.22       1       93,367.77       0       0.00       0.00  
INMC 95-C
     5,792,610.50       1       116,065.32       0       0.00       0       0.00       2       379,817.75       0       0.00       0.00  
INMC 95-T(2)
     4,773,106.10       1       129,373.67       0       0.00       0       0.00       2       150,455.59       0       0.00       0.00  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
     48,835,641.36       12       1,161,105.25       3       156,314.17       14       1,757,435.68       21       2,314,929.75       9       1,651,633.15       -320.98  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
                                                                                                 
    Loans   Delinquent 30-59 Days   Delinquent 60-89 Days   Delinquent 90+ Days   Foreclosure   REO    
    Outstanding  
 
 
 
 
  Realized Losses
Series
   Balance
   No.
   Balance
   No.
   Balance
   No.
   Balance
   No.
   Balance
   No.
   Balance
   Curr. Amount
GRCAP94-HM4
     3,976,054.73       0       0.00       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
INMC 95-E
     10,149,848.83       6       615,255.00       1       129,561.79       3       338,129.19       1       397,097.78       0       0.00       0.00  
PMLT 99-A
     24,030,523.43       24       1,497,817.40       5       214,325.23       6       581,842.94       21       1,675,446.50       5       195,663.56       10,984.00  
RTC 95-2(1)
     0.00       0       0.00       0       0.00       0       0.00       0       0.00       0       0.00       0.00  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
     38,156,426.99       30       2,113,072.40       6       343,887.02       9       919,972.13       22       2,072,544.28       5       195,663.56       10,984.00  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total All
     86,992,068.35       42       3,274,177.65       9       500,201.19       23       2,677,407.81       43       4,387,474.03       14       1,847,296.71       10,663.02  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  

(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       784,151.85       545.75       0.00       783,606.10       740,764.33       42,841.77  
II
     0.00       41,618.60       100.14       0.00       41,518.47       36,262.52       5,255.95  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Total
     0.00       825,770.45       645.89       0.00       825,124.56       777,026.85       48,097.72  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
                             
Additional Reporting Items
   Pool I
   Pool II
   Total
2.15(a)
   Available Interest     53,575.86       10,757.68       64,333.54  
 
   Available Principal     730,575.99       30,860.92       761,436.91  
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 %     2.0000 %        
 
   Ending Actual OC     2.7000 %     2.0000 %        
2.15(g)
   2nd preceding pool bal     50,305,666.09       38,727,053.13       89,032,719.22  
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     42,841.77       5,255.95       48,097.72  

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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