-----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, BYH+iQeS9pmAgV2Mw/EnCOMPb0+f3W5umvNDF8iFt12FbKZ8/1DPuNH/KoGOPEbh 1ftfwdATPSm41wLL9KxNgw== 0000950149-02-001534.txt : 20020801 0000950149-02-001534.hdr.sgml : 20020801 20020801141851 ACCESSION NUMBER: 0000950149-02-001534 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020531 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020801 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: 02717190 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 f83245e8vk.htm 8-K e8vk
Table of Contents

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

May 31, 2002
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.)

 

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

(Address of Principal Executive Offices)

(415) 381-1765

(Registrant’s Telephone Number,
Including Area Code)

Not Applicable

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

 

Item 5. Other Events
Item 7(c). Exhibits
SIGNATURE
EXHIBIT INDEX
Exhibit 10.1

Table of Contents

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, May 31, 2002.

 

Table of Contents

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: July 31, 2002

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

 

Table of Contents

EXHIBIT INDEX

                 
Exhibit Number   Page Number
 
10.1
   Monthly Payment Date Statement relating to the distribution to        
 
   Bondholders, May 31, 2002     5  

  EX-10.1 3 f83245exv10w1.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: May 31, 2002

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

Certificate Monthly Distribution Summary

                                                 
            Beginning   Pass   Monthly Interest   Additional   Interest
Class   CUSIP   Cert Balance   Through   Amt   Interest   Shortfall
 
 
 
 
 
 
A-1
   81743UAA3     64,761,000.00       2.442500 %     131,815.62       0.00       509.52  
A-2
   81743UAB1     15,861,000.00       2.592500 %     34,266.37       0.00       0.00  
 
            
     
     
     
     
 
Total
             80,622,000.00               166,081.99       0.00       509.52  
 
            
             
     
     
 

[Additional columns below]

[Continued from above table, first column(s) repeated]
                                         
    Interest   Principal   Total   Realized   Ending Cert
Class   Distribution   Distribution   Distribution   Losses   Balance
 
 
 
 
 
A-1
     131,815.62       1,538,502.63       1,670,318.25       0.00       63,222,497.37  
A-2
     34,266.37       197,415.75       231,682.12       0.00       15,663,584.25  
 
    
     
     
     
     
 
Total
     166,081.99       1,735,918.38       1,902,000.36       0.00       78,886,081.62  
 
    
     
     
     
     
 

Current Payment Information

Factors per $1.000

                                                         
            Original Cert   Beginning   Interest   Principal   Ending   Current Pass
Class   CUSIP   Balance   Factor   Factor   Factor   Factor   Through
 
 
 
 
 
 
 
A-1
   81743UAA3     64,761,000.00       1,000.000000000       2.035416667       23.756622477       976.243377523       2.442500 %
A-2
   81743UAB1     15,861,000.00       1,000.000000000       2.160416667       12.446614169       987.553385831       2.592500 %
 
            
     
     
     
     
     
 
Total
             80,622,000.00       1,000.000000000       2.060008279       21.531571725       978.468428275          
 
            
     
     
     
     
         

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       2,895,213.60       5.742877 %     13,855.71       164,220.22  
DLJMA 93-Q18
     1A1       51,833,000.00       728,536.22       6.714240 %     4,076.31       57,609.76  
DLJMA 94-2A
     1A1       85,787,000.00       1,310,409.65       6.997936 %     7,641.80       108,217.64  
ONE 00-2
     2A       152,653,000.00       11,087.955.74       6.319208 %     58,389.25       200,256.11  
RYMS3 92-B
     1A2       7,712,906.00       6,557,709.13       6.393870 %     34,940.95       470,736.64  
SBM7 94-2
     A1       49,384,000.00       1,797,437.56       7.178540 %     10,752.48       2,354.43  
SMS 91-K
     A1       110,588,063.00       1,971,937.84       5.769081 %     9,480.22       4,378.77  
SMS 91-K
     A3       1,917,885.00       1,216,338.85       6.059081 %     6,141.58       2,549.76  
EAGLE 98-1
     M1       46,029,000.00       20,952,314.61       2.850000 %     54,737.92       0.00  
INMC 94-R
     M2       4,620,000.00       3,750,859.44       6.821361 %     21,321.64       224,421.55  
INMC 94-V
     B1       3,618,000.00       2,099,930.38       6.608476 %     11,564.45       34,711.31  
INMC 94-X
     B1       2,769,000.00       2,200,943.86       6.765659 %     12,409.03       95,136.71  
INMC 95-C
     B1       12,828,797.00       5,297,379.24       7.202264 %     31,794.27       70,833.62  
INMC 95-T
     A2       65,695,250.00       3,548,532.48       6.655142 %     19,679.99       103,076.11  
 
    
     
     
     
     
     
 
Total
             718,554.901.00       65,415,498.60               296,785.61       1,538,502.63  
 
            
     
             
     
 

[Additional columns below]

[Continued from above table, first column(s) repeated]
                                 
    Total   Realized   Interest   Ending
Series   Distribution   Losses   Shortfall   Balance
 
 
 
 
CWMBS 94K
     178,075.93       0.00       0.00       2,730,993.38  
DLJMA 93-Q18
     61,686.07       0.00       0.00       670,926.45  
DLJMA 94-2A
     115,859.44       0.00       0.00       1,202,192.02  
ONE 00-2
     258,645.36       0.00       0.00       10,887,699.64  
RYMS3 92-B
     505,677.59       0.00       0.00       6,086,972.49  
SBM7 94-2
     13,106.91       0.00       0.00       1,795,083.13  
SMS 91-K
     13,859.00       0.00       0.00       1,967,559.07  
SMS 91-K
     8,691.34       0.00       0.00       1,213,789.09  
EAGLE 98-1
     54,737.92       0.00       0.00       20,952,314.61  
INMC 94-R
     245,743.19       0.00       249.61       3,526,437.89  
INMC 94-V
     46,275.76       0.00       0.00       2,065,219.07  
INMC 94-X
     107,545.74       0.00       259.91       2,105,807.15  
INMC 95-C
     102,627.89       0.00       0.00       5,226,545.62  
INMC 95-T
     122,756.10       0.00       0.00       3,445,456.37  
 
    
     
     
     
 
Total
     1,835,288.24       0.00       509.52       63,876,995.97  
 
    
     
     
     
 

 

 

Underlying Certificates Monthly Distribution — Group II

                                         
            Original   Beginning   Pass   Interest
Series   Class   Balance   Balance   Through   Distribution
 
 
 
 
 
GRCAP 94-HM4
     A1       245,813,000.00       696,525.37       6.613654 %     3,838.82  
INMC 95-E
     B1       4,608,492.00       3,124,056.72       6.609073 %     17,205.93  
PMLT 99-A
     M1       2,914,000.00       2,914,000.00       3.272500 %     7,946.72  
RTC 95-2
     A3       119,696,000.00       9,287,571.88       5.428570 %     42,015.20  
 
    
     
     
     
     
 
Total
             373,031,492,00       16,022,153.96               71,006.66  
 
            
     
             
 

[Additional columns below]

[Continued from above table, first column(s) repeated]
                                         
    Principal   Total   Realized   Interest   Ending
Series   Distribution   Distribution   Losses   Shortfall   Balance
 
 
 
 
 
GRCAP 94-HM4
     16,292.62       20,131.44       0.00       0.00       680,232.75  
INMC 95-E
     16,079.84       33,285.77       0.00       0.00       3,107,976.88  
PMLT 99-A
     0.00       7,946.72       0.00       0.00       2,914,000.00  
RTC 95-2
     165,043.28       207,058.48       0.00       0.00       9,122,528.59  
 
    
     
     
     
     
 
Total
     197,415.75       268,422.41       0.00       0.00       15,824,738.22  
 
    
     
     
     
     
 

Underlying Pool Delinquent Information by Group

 
                                                         
    Loans   Delinquent 30-59 Days   Delinquent 60-89 Days   Delinquent 90+ Days
    Outstanding  
 
 
Series   Balance   No.   Balance   No.   Balance   No.   Balance
 
 
 
 
 
 
 
CWMBS 94-K
     10,931,902.03       1       160,073.95       3       613,946.04       0       0.00  
DLJMA 93-Q18(1)
     4,808,646.36       0       0.00       0       0.00       0       0.00  
DLJMA 94-2A(1)
     1,953,171.48       1       137,576.69       0       0.00       0       0.00  
ONE 00-2(2)
     605,313,011.00       79       9,633,319.00       19       3,018,132.00       8       860,636.00  
RYMS3 92-B(2)
     27,010,498.79       14       834,069.90       4       226,993.98       3       221,305.37  
SBM7 94-2(2)
     6,914,998.25       4       529,908.80       0       0.00       0       0.00  
SMS 91-K
     6,469,608.58       1       148,463.80       2       346,699.01       0       0.00  
EAGLE 98-1
     45,613,237.15       26       2,541,434.90       6       721,924.74       32       3,216,607.53  
INMC 94-R
     10,827,032.58       5       551,097.61       3       229,350.42       0       0.00  
INMC 94-V
     9,240,892.51       6       994,914.61       0       0.00       2       152,821.71  
INMC 94-X
     10,099,320.31       4       512,616.92       1       48,652.94       3       527,791.52  
INMC 95-C
     10,356,220.96       7       876,781.67       0       0.00       1       260,633.38  
INMC 95-T(2)
     9,861,469.47       1       97,874.05       2       329,306.07       1       74,661.00  
 
    
     
     
     
     
     
     
 
Total
     759,400,009.47       149       17,018,131.90       40       5,535,005.20       50       5,314,456.51  
 
    
     
     
     
     
     
     
 

[Additional columns below]

[Continued from above table, first column(s) repeated]
                                         
    Foreclosure   REO   Realized
   
 
  Losses
Series   No.   Balance   No.   Balance   Curr. Amount
 
 
 
 
 
CWMBS 94-K
     1       244,454.30       0       0.00       0.00  
DLJMA 93-Q18(1)
     1       149,792.72       0       0.00       26,303.20  
DLJMA 94-2A(1)
     0       0.00       0       0.00       0.00  
ONE 00-2(2)
     37       6,377,470.00       0       0.00       0.00  
RYMS3 92-B(2)
     5       180,228.41       2       140,558.93       0.00  
SBM7 94-2(2)
     2       246,612.39       1       121,115.51       0.00  
SMS 91-K
     1       211,768.67       0       0.00       0.00  
EAGLE 98-1
     34       3,590,371.94       21       2,701,380.48       58,354.02  
INMC 94-R
     3       856,314.93       0       0.00       15,210.02  
INMC 94-V
     1       195,211.46       0       0.00       0.00  
INMC 94-X
     4       937,108.96       0       0.00       -1,522.35  
INMC 95-C
     3       311,823.03       0       0.00       0.00  
INMC 95-T(2)
     2       460,132.71       0       0.00       0.00  
 
    
     
     
     
     
 
Total
     94       13,761,289.52       24       2,963,054.92       98,344.89  
 
    
     
     
     
     
 

                                                         
    Loans   Delinquent 30-59 Days   Delinquent 60-89 Days   Delinquent 90+ Days
    Outstanding  
 
 
Series   Balance   No.   Balance   No.   Balance   No.   Balance
 
 
 
 
 
 
 
GRCAP 94-HM4
     9,642,405.41       2       360,561.45       1       238,898.01       0       0.00  
INMC 95-E
     17,349,461.69       5       763,859.96       5       1,527,317.43       0       0.00  
PMLT 99-A
     46,111,199.80       42       3,239,541.84       9       928,223.22       3       105,825.64  
RTC 95-2(1)
     27,212,331.51       6       447,499.17       4       291,758.11       6       373,719.62  
 
    
     
     
     
     
     
     
 
Total
     100,315,398.41       55       4,811,462.42       19       2,986,196.77       9       479,545.26  
 
    
     
     
     
     
     
     
 
Total All
     859,715,407.88       204       21,829,594.32       59       8,521,201.97       59       5,794,001.77  
 
    
     
     
     
     
     
     
 

[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
     1       45,890.06       0       0.00       0.00  
INMC 95-E
     5       593,992.28       3       109,733.32       0.00  
PMLT 99-A
     22       1,916,753.91       3       217,519.29       65,600.45  
RTC 95-2(1)
     4       222,352.86       0       0.00       0.00  
 
    
     
     
     
     
 
Total
     32       2,778,989.11       6       327,252.61       65,600.45  
 
    
     
     
     
     
 
Total All
     126       16,540,278.63       30       3,290,307.53       163,945.34  
 
    
     
     
     
     
 

(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

                                                         
    Beginning   Funds   Withdrawals   Management   Available   Funds   Ending
Group   Balance   Deposited   Trustee Fee   Fee   Funds   Distributed   Balance
 
 
 
 
 
 
 
I
     0.00       1,835,288.24       1,635.39       401.63       1,833,251.22       1,670,318.25       162,932.97  
II
     0.00       268,422.41       400.55       98.37       267,923.49       231,682.12       36,241.37  
 
    
     
     
     
     
     
     
 
Total
     0.00       2,103,710.65       2,035.94       500.00       2,101,174.71       1,902,000.36       199,174.34  
 
    
     
     
     
     
     
     
 
                                 
Additional Reporting Items   Pool I   Pool II   Total
 
 
 
2.15(a)
   Available Interest     296,785.61       71,006.66       367,792.27  
 
   Available Principal     1,538,502.63       197,415.75       1,735,918.38  
2.15(b)
   Monthly Interest Amt.   See p. 10        
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     1.0005 %     1.0058 %        
 
   Ending Actual OC     1.0246 %     1.0184 %        
2.15(g)
   2nd preceding pool bal     n/a       n/a          
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     162,932.97       36,241.37       199,174.34  

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