-----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, LiZ82x6OE3PKgwMvyjdTXfFPdOJMro0zAA81NP0eYpmvAQ9pfvIAsGKclxHNGk4x wM2VIrlGdZsBNg2HPEMbKA== 0000950149-03-002151.txt : 20030912 0000950149-03-002151.hdr.sgml : 20030912 20030912145234 ACCESSION NUMBER: 0000950149-03-002151 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030820 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA RESIDENTIAL FUNDING INC CENTRAL INDEX KEY: 0001176320 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 352170972 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-90772-01 FILM NUMBER: 03893696 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153897373 MAIL ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 8-K 1 f93089ie8vk.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

August 20, 2003
Date of Report (Date of Earliest Event Reported)

SEQUOIA RESIDENTIAL FUNDING, INC.

(as Depositor of Sequoia Mortgage Trust 2003-3, the Issuer of Mortgage Pass-Through Certificates under a Pooling and Servicing Agreement dated as of June 1, 2003)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   333-103634   35-2170972
 
 
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)
 
591 Redwood Highway, Suite 3160, 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 Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 2003-3 (the “Certificates”).
 
    The following exhibit which relates specifically to the Certificates is included with this Current Report:

Item 7(c).   Exhibits

  10.1   Monthly Payment Date Statement relating to the distribution to Certificateholders, August 20, 2003.

 

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: September 11, 2003

           
    SEQUOIA RESIDENTIAL FUNDING, INC.
         
    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 Certificateholders, August 20, 2003     5  

  EX-10.1 3 f93089iexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT:CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2003-3 RECORD DATE: JULY 31, 2003 DISTRIBUTION DATE: AUGUST 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certif- Cumul- icate Current ative Certificate Pass- Beginning Real- Ending Total Real Class Through Certificate Interest Principal ized Certificate Distri- ized Class CUSIP Description Rate Balance Distribution Distribution Loss Balance bution Loss - ----------------------------------------------------------------------------------------------------------------------------------- A-1 81743PAT3 SEN 1.43000% 377,786,741.68 450,195.87 2,135,365.94 0.00 375,651,375.74 2,585,561.81 0.00 A-2 81743PAU0 SEN 1.34000% 149,750,535.83 167,221.43 1,233,081.22 0.00 148,517,454.61 1,400,302.65 0.00 X-1A 81743PAV8 IO 1.20496% 0.00 100,243.14 0.00 0.00 0.00 100,243.14 0.00 X-1B 81743PAW6 IO 1.32791% 0.00 307,583.84 0.00 0.00 0.00 307,583.84 0.00 X-2 81743PAX4 IO 1.41168% 0.00 176,166.73 0.00 0.00 0.00 176,166.73 0.00 X-B 81743PAY2 IO 0.98286% 0.00 7,432.86 0.00 0.00 0.00 7,432.86 0.00 A-R 81743PBA3 R 2.63729% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 81743PBB1 SUB 1.75000% 9,075,000.00 13,234.38 0.00 0.00 9,075,000.00 13,234.38 0.00 B-2 81743PBC9 SUB 2.73286% 4,675,000.00 10,646.76 0.00 0.00 4,675,000.00 10,646.76 0.00 B-3 81743PBD7 SUB 2.73286% 2,475,000.00 5,636.52 0.00 0.00 2,475,000.00 5,636.52 0.00 B-4 81743PBE5 SUB 2.73286% 1,650,000.00 3,757.68 0.00 0.00 1,650,000.00 3,757.68 0.00 B-5 81743PBF2 SUB 2.73286% 825,000.00 1,878.84 0.00 0.00 825,000.00 1,878.84 0.00 B-6 81743PBG0 SUB 2.73286% 1,925,608.17 4,385.34 0.00 0.00 1,925,608.17 4,385.34 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 548,162,885.68 1,248,383.39 3,368,447.16 0.00 544,794,438.52 4,616,830.55 0.00 - -----------------------------------------------------------------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------- Reserve Fund 5,000.00 0.00 0.00 5,000.00 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Reserve Fund 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
- ----------------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 5 2,386,715.01 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------------- ------------------------- -------------------------- 5 2,386,715.01 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.316656% 0.438094% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------------- ------------------------- -------------------------- 0.316656% 0.438094% 0.000000% 0.000000% 0.000000% 0.000000%
- ------------------------------------------------------------------------------------- REO TOTAL - ------------------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 5 2,386,715.01 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------- ---------------------------- 0 0.00 5 2,386,715.01 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.316656% 0.438094% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------------- ---------------------------- 0.000000% 0.000000% 0.316656% 0.438094%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5,736.71 Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ------------ ------------- ----------- --------------- ------------ Class A 20,625,608.17 3.75009211% 20,625,608.17 3,78594323% 96.214057% 0.000000% Class X-2 20,625,608.17 3.75009211% 20,625,608.17 3.78594323% 0.000000% 0.000000% Class B-1 11,550,608.17 2.10010024% 11,550,608.17 2.12017733% 1.665766% 43.998703% Class B-2 6,875,608.17 1.25010442% 6,875,608.17 1.26205550% 0.858122% 22.665998% Class B-3 4,400,608.17 0.80010664% 4,400,608.17 0.80775571% 0.454300% 11.999646% Class B-4 2,750,608.17 0.50010811% 2,750,608.17 0.50488918% 0.302867% 7.999764% Class B-5 1,925,608.17 0.35010885% 1,925,608.17 0.35345592% 0.151433% 3.999882% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.353456% 9.336007%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP GROUP 1
- ----------------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 425,089.01 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------------------------- ------------------------- -------------------------- 2 425,089.01 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.178412% 0.108876% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------------- ------------------------- -------------------------- 0.178412% 0.108876% 0.000000% 0.000000% 0.000000% 0.000000%
- ------------------------------------------------------------------------------------- REO TOTAL - ------------------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0. 0.00 30 Days 2 425,089.01 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------- ---------------------------- 0 0.00 2 425,089.01 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.178412% 0.108876% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------------- ---------------------------- 0.000000% 0.000000% 0.178412% 0.108876%
GROUP 2
- -------------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 3 1,961,626.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------------------------- -------------------------- ------------------------- 3 1,961,626.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.655022% 1.270819% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------------- -------------------------- ------------------------- 0.655022% 1.270819% 0.000000% 0.000000% 0.000000% 0.000000%
- ------------------------------------------------------------------------------------- REO TOTAL - ------------------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 3 1,961,626.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------- --------------------------- 0 0.00 3 1,961,626.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.655022% 1.270819% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------------- --------------------------- 0.000000% 0.000000% 0.655022% 1.270819%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.118894% Weighted Average Net Coupon 2.742874% Weighted Average Pass-Through Rate 2.732874% Weighted Average Maturity (Stepdown Calculation) 356 Beginning Scheduled Collateral Loan Count 1,585 Number of Loans Paid in Full 6 Ending Scheduled Collateral Loan Count 1,579 Beginning Scheduled Collateral Balance 548,162,885.68 Ending Scheduled Collateral Balance 544,794,438.52 Ending Actual Collateral Balance at 31-July-2003 544,794,611.13 Monthly P&I Constant 1,424,718.46 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,569,858.17 Ending Scheduled Balance for Premium Loans 544,794,438.52 Scheduled Principal 0.00 Unscheduled Principal 3,368,447.16
MISCELLANEOUS REPORTING Group 1 One Month Libor Loan Balance 103,612,149.27 Group 1 Six Month Libor Loan Balance 286,823,116.34 Group 2 Six Month Libor Loan Balance 154,359,172.91 Pro-Rata Senior Percent 96.237321% Group 1 Senior Percent 100.000000% Group 2 Senior Percent 100.000000% Group 1 Senior Prepayment Percent 100.000000% Group 2 Senior Prepayment Percent 100.000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.111845 3.136682 3.118894 Weighted Average Net Rate 2.735420 2.761682 2.742874 Pass-Through Rate 2.725420 2.751682 2.732874 Weighted Average Maturity 331 335 356 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal and Interest Constant 1,018,015.66 406,702.80 1,424,718.46 Beginning Loan Count 1,125 460 1,585 Loans Paid in Full 4 2 6 Ending Loan Count 1,121 458 1,579 Beginning Scheduled Balance 392,570,631.55 155,592,254.13 548,162,885.68 Ending Scheduled Balance 390,435,265.61 154,359,172.91 544,794,438.52 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,135,365.94 1,233,081.22 3,368,447.16 Scheduled Interest 1,018,015.66 406,702.80 1,424,718.46 Servicing Fee 123,144.46 48,622.58 171,767.04 Master Servicing Fee 3,271.42 1,296.61 4,568.03 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 891,599.78 356,783.61 1,248,383.39 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
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