-----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, PwHWq/e+vyGXSxaIjWMV+jAVahhQRPldOvoFAjqoZQR7cli4j1IEU7uEcBiaaeaw TAcM84Jk/2CGtiYCG8soHg== 0000950149-02-002102.txt : 20021018 0000950149-02-002102.hdr.sgml : 20021018 20021018151100 ACCESSION NUMBER: 0000950149-02-002102 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020930 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021018 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: 02792619 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 f84981e8vk.htm FORM 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

September 30, 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, September 30, 2002.

 

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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: October 18, 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, September 30, 2002     5  

  EX-10.1 3 f84981exv10w1.txt EXHIBIT 10.1 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: September 30, 2002 SEQUOIA MORTGAGE FUNDING CORPORATION COLLATERALIZED MBS FUNDING BONDS, SERIES 2002-A CERTIFICATE MONTHLY DISTRIBUTION SUMMARY
- ------------------------------------------------------------------------------------------- BEGINNING PASS MONTHLY ADDITIONAL INTEREST CLASS CUSIP CERT BALANCE THROUGH INTEREST AMT INTEREST SHORTFALL - ------------------------------------------------------------------------------------------- A-1 81743UAA3 58,764,251.68 2.411250% 118,079.49 0.00 0.00 - ------------------------------------------------------------------------------------------- A-2 81743UAB1 14,960,596.62 2.561250% 31,931.52 0.00 0.00 - ------------------------------------------------------------------------------------------- Total 73,724,848.30 150,010.94 0.00 0.00 - -------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------- INTEREST PRINCIPAL TOTAL REALIZED ENDING CERT CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION LOSSES BALANCE - ----------------------------------------------------------------------------------- A-1 118,079.42 1,384,962.71 - ----------------------------------------------------------------------------------- A-2 31,931.52 509,192.32 - ----------------------------------------------------------------------------------- Total 150,010.94 - -----------------------------------------------------------------------------------
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 64,761,000.00 907.401857366 1.823310607 21.385752407 886.016104959 2.411250% A-2 81743UAB1 15,861,000.00 943.231613330 2.013209975 32.103418568 911.128194762 2.561250% - ----------------------------------------------------------------------------------------------------------------------- Total 80,622,000.00 914.450749224 1.860670061 23.494269991 890.956479253 - -----------------------------------------------------------------------------------------------------------------------
UNDERLYING CERTIFICATES MONTHLY DISTRIBUTION - GROUP I
- ------------------------------------------------------------------------------------- ORIGINAL BEGINNING PASS INTEREST SERIES CLASS BALANCE BALANCE THROUGH DISTRIBUTION - ------------------------------------------------------------------------------------- CWMBS 94K A1 123,119,000.00 2,457,355.05 5.207786% 10,664.48 DLJMA 93-Q18 1A1 51,833,000.00 486,069.75 5.775858% 2,339.56 DLJMA 94-2A 1A1 85,787,000.00 1,195,076.50 6.206657% 6,181.19 ONE 00-2 2A 152,653,000.00 9,674,807.48 5,851288% 47,175.07 RYMS3 92-B 1A2 7,712,906.00 5,130,640.42 6.296196% 26,919.60 SBM7 94-2 A1 49,384,000.00 1,693,295.15 5.603778% 7,907.37 SMS 91-K A1 110,588,063.00 1,808,896.56 4.883663% 7,361.70 SMS 91-K A3 1,917,855.00 1,182,202.27 5.173663% 5,096.93 EAGLE 98-1 M1 46,029,000.00 20,952,314.61 2.810000% 49,063.33 INMC 94-R M2 4,620,000.00 3,133,132.32 6.024684% 15,730.11 INMC 94-V B1 3,618,000.00 1,989,336.79 6.335102% 10,502.21 INMC 94-X B1 2,769,000.00 1,902,876.70 6.328761% 10,035.71 INMC 95-C B1 12,828,797.00 4,923,165.47 6.256565% 25,668.42 INMC 95-T A2 65,695,250.00 2,889,581.22 5.678990% 13,674.92 - ------------------------------------------------------------------------------------- Total 718,554,901.00 59,418,750.29 238,320.61 - -------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------- PRINCIPAL TOTAL REALIZED INTEREST ENDING SERIES DISTRIBUTION DISTRIBUTION LOSSES SHORTFALL BALANCE - ---------------------------------------------------------------------------------------- CWMBS 94K 188,809.54 199,474.03 0.00 0.00 2,268,545.50 DLJMA 93-Q18 1,045.70 3,385.26 0.00 0.00 485,024.05 DLJMA 94-2A 55,320.28 61,501.47 0.00 0.00 1,139,756.22 ONE 00-2 446,438.25 493,613.32 0.00 0.00 9,228,369.23 RYMS3 92-B 105,548.64 132,468.24 0.00 0.00 5,025,091.78 SBM7 94-2 138,964.05 146,871.42 0.00 0.00 1,554,331.10 SMS 91-K 109,463.48 116,825.18 0.00 0.00 1,699,433.09 SMS 91-K 20,482.82 25,579.75 0.00 0.00 1,161,719.45 EAGLE 98-1 0.00 49,063.33 0.00 0.00 20,952,314.61 INMC 94-R 7,301.78 23,031.89 0.00 0.00 3,125,830.54 INMC 94-V 74,650.16 85,152.37 0.00 0.00 1,914,686.63 INMC 94-X 86,046.58 96,082.29 0.00 0.00 1,816,830.12 INMC 95-C 146,262.19 171,930.61 0.00 0.00 4,776,903.28 INMC 95-T 4,629.25 18,304.17 0.00 0.00 2,884,951.97 - ---------------------------------------------------------------------------------------- Total 1,384,962.71 1,623,283.32 0.00 0.00 58,033,787.58 - ----------------------------------------------------------------------------------------
UNDERLYING CERTIFICATES MONTHLY DISTRIBUTION - GROUP II
- --------------------------------------------------------------------------------------- ORIGINAL BEGINNING PASS INTEREST SERIES CLASS BALANCE BALANCE THROUGH DISTRIBUTION - --------------------------------------------------------------------------------------- GRCAP 94-HM4 A1 245,813,000.00 571,696.08 6.495955% 3,094.76 INMC 95-E B1 4,608,492.00 3,089,031.81 6.447236% 16,596.43 PMLT 99-A M1 2,914,000.00 2,914,000.00 2.800394% 6,800.29 RTC 95-2 A3 119,696,000.00 8,547,022.69 4.772329% 33,991.01 - --------------------------------------------------------------------------------------- Total 373,031,492.00 15,121,750.58 60,482.49 - ---------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------- PRINCIPAL TOTAL REALIZED INTEREST ENDING SERIES DISTRIBUTION DISTRIBUTION LOSSES SHORTFALL BALANCE - -------------------------------------------------------------------------------------- GRCAP 94-HM4 23,371.58 26,466.34 0.00 0.00 548,324.50 INMC 95-E 4,953.83 21,550.26 0.00 0.00 3,084,077.98 PMLT 99-A 195,054.23 201,854.52 0.00 0.00 2,718,945.77 RTC 95-2 285,812.68 319,803.68 0.00 0.00 8,261,210.02 - -------------------------------------------------------------------------------------- Total 509,192.32 569,674.81 0.00 0.00 14,612,558.26 - --------------------------------------------------------------------------------------
UNDERLYING POOL DELINQUENT INFORMATION BY GROUP
- --------------------------------------------------------------------------------------------- LOANS OUTSTANDING DELINQUENT 30-59 DAYS DELINQUENT 60-89 DAYS SERIES BALANCE NO. BALANCE NO. BALANCE - --------------------------------------------------------------------------------------------- CWMBS 94K 10,323,337.96 1 293,251.69 1 185,375.01 DLJMA 93-Q18(1) 4,307,022.83 1 101,504.47 0 0.00 DLJMA 94-2A(1) 1,851,733.60 0 0.00 0 0.00 ONE 00-2(2) 503,644,175.00 65 5,581,942.00 11 1,160,820.00 RYMS3 92-B(2) 24,703,454.09 17 819,073.10 4 219,925.43 SBM7 94-2(2) 5,789,490.59 4 747,403.24 0 0.00 SMS 91-K 5,856,813.95 0 0.00 2 282,488.67 EAGLE 98-1 39,509,675.72 23 2,075,063.54 7 661,775.68 INMC 94-R 9,597,025.98 3 317,547.49 0 0.00 INMC 94-V 8,567,330.02 4 430,324.69 0 0.00 INMC 94-X 8,713,404.36 2 192,619.37 0 0.00 INMC 95-C 9,465,270.08 6 604,104.04 3 486,286.13 INMC 95-T(2) 8,441,230.01 5 446,692.74 0 0.00 - --------------------------------------------------------------------------------------------- Total 640,769,964.19 131 11,609,627.37 28 2,996,650.92 - ---------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------- DELINQUENT 90+ DAYS FORECLOSURE REO REALIZED LOSSES SERIES NO. BALANCE NO. BALANCE NO. BALANCE CURR. AMOUNT - -------------------------------------------------------------------------------------------------------------- CWMBS 94K 2 410,073.94 1 242,498.01 0 0.00 0.00 DLJMA 93-Q18(1) 1 59,936.99 1 78,186.92 1 30,083.18 0.00 DLJMA 94-2A(1) 0 0.00 0 0.00 0 0.00 0.00 ONE 00-2(2) 15 4,323,531.00 20 2,524,788.00 0 0.00 0.00 RYMS3 92-B(2) 6 430,439.45 3 82,981.61 2 140,558.93 0.00 SBM7 94-2(2) 0 0.00 1 127,352.70 0 0.00 0.00 SMS 91-K 0 0.00 1 208,149.78 0 0.00 0.00 EAGLE 98-1 22 2,359,222.43 29 3,207,119.67 24 3,053,270.55 226,797.50 INMC 94-R 1 55,162.92 2 771,388.53 0 0.00 43.49 INMC 94-V 2 189,757.90 1 71,317.48 0 0.00 0.00 INMC 94-X 2 190,119.14 3 839,809.86 0 0.00 0.00 INMC 95-C 0 0.00 4 430,754.16 0 0.00 0.00 INMC 95-T(2) 0 0.00 2 458,811.92 0 0.00 0.00 - -------------------------------------------------------------------------------------------------------------- Total 51 8,018,243.77 68 9,043,158.64 27 3,222,912.66 226,840.99 - --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------- LOANS OUTSTANDING DELINQUENT 30-59 DAYS DELINQUENT 60-89 DAYS SERIES BALANCE NO. BALANCE NO. BALANCE - --------------------------------------------------------------------------------------------- GRCAP 94-HM4 7,590,774.64 4 572,231.03 1 125,805.88 INMC 95-E 15,695,537.81 9 2,023,798.97 1 246,642.95 PMLT 99-A 41,823,548.67 36 2,873,374.39 11 715,477.07 RTC 95-2(1) 24,643,524.33 7 493,939.00 4 471,282.08 - --------------------------------------------------------------------------------------------- Total 89,753,385.45 56 5,963,343.39 17 1,559,207.98 - --------------------------------------------------------------------------------------------- Total All 730,523,349.64 187 17,572,970.76 45 4,555,858.90 - ---------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------- DELINQUENT 90+ DAYS FORECLOSURE REO REALIZED LOSSES SERIES NO. BALANCE NO. BALANCE NO. BALANCE CURR. AMOUNT - -------------------------------------------------------------------------------------------------------------- GRCAP 94-HM4 0 0.00 1 45,596.39 0 0.00 0.00 INMC 95-E 4 383,136.63 3 323,468.88 2 67,033.00 -1,185.75 PMLT 99-A 4 288,991.84 23 2,234,086.32 2 91,728.40 0.00 RTC 95-2(1) 6 481,532.22 3 159,064.47 0 0.00 0.00 - -------------------------------------------------------------------------------------------------------------- Total 14 1,153,660.69 30 2,762,216.06 4 158,761.40 -1,185.75 - -------------------------------------------------------------------------------------------------------------- Total All 65 9,171,904.46 98 11,805,374.70 31 3,381,674.06 225,655.24 - --------------------------------------------------------------------------------------------------------------
(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 1,623,283.32 1,485.47 0.00 1,621,797.85 1,503,042.13 118,755.72 II 0.00 569,674.81 378.04 0.00 569,296.76 541,123.85 28,172.92 ----- ---- ------------ -------- ---- ------------ ------------ ---------- Total 0.00 2,192,958.13 1,863.51 0.00 2,191,094.62 2,044,165.98 146,928.64 ----- ---- ------------ -------- ---- ------------ ------------ ----------
- ------------------------------------------------------------------------------------------------------------------- ADDITIONAL REPORTING ITEMS POOL I POOL II TOTAL - ------------------------------------------------------------------------------------------------------------------- 2.15(a) Available Interest 238,320.61 60,482.49 298,803.09 - ------------------------------------------------------------------------------------------------------------------- Available Principal 1,384,962.71 509,192.32 1,894,155.03 - ------------------------------------------------------------------------------------------------------------------- 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 1.1015% 1.0657% - ------------------------------------------------------------------------------------------------------------------- Ending Actual OC 1.1278% 1.1028% - ------------------------------------------------------------------------------------------------------------------- 2.15(g) 2nd preceding pool bal 698,833,064.12 96,995,074.16 795,828,138.28 - ------------------------------------------------------------------------------------------------------------------- 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 118,755.72 28,172.92 146,928.64 - -------------------------------------------------------------------------------------------------------------------
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. -----END PRIVACY-ENHANCED MESSAGE-----