This information is furnished to you solely by Greenwich Capita Markets, Inc. and not by the issuer of the securities or any of its affiliates. Greenwich Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the issuer or its affiliates in connection with the proposed transaction.

This Preliminary Term Sheet is provided for information purposes only, and does not constitute an offer to sell, nor a solicitation of an offer to buy, the referenced securities. It does not purport to be all-inclusive or to contain all of the information that a prospective investor may require to make a full analysis of the transaction. All amounts are approximate and subject to change. The information contained herein supersedes information contained in any prior term sheet for this transaction. In addition, the information contained herein will be superseded by information contained in term sheets circulated after the date hereof and by information contained in the Prospectus and Prospectus Supplement for this transaction. An offering may be made only through the delivery of the Prospectus and Prospectus Supplement.

Preliminary Term Sheet Date Prepared: November 12, 2003

Sequoia Mortgage Trust 2003-7

Mortgage Pass-Through Certificates

$725,975,212 (Approximate, Subject to Final Collateral)

Publicly Offered Certificates

Adjustable Rate Residential Mortgage Loans

Class	Principal Balance (1)	WAL (Yrs) (Call/Mat)	Pymt Window (-) (Mths) (Call/Mat)(-)	Certificate Interest Rates	Tranche Type	Expected Ratings S&P/Moody's/Fitch
A-1	$347,561,000	3.84/4.19	1-117 / 1-359	Floater	Senior	AAA/Aaa/AAA
A-2	$347,560,000	3.83/4.18	1-117 / 1-359	Floater	Senior	AAA/Aaa/AAA
X-1	$14,518,000			N/A	Senior/ NAS I0	AAA/Aaa/AAA
		Information Not Provided Herein
X-2	$695,120,000			N/A	Senior/ 10	AAA/Aaa/AAA
X-B	$14,518,000			N/A	Senior/ 10	AAA/Aaa/AAA
A-R	$100				Senior	AAA/Aaa/AAA
B-1	$14,518,000	6.54/7.28	39-117 / 39-359	Floater	Subordinate	AA/Aa2/AA
B-2	$5,806,000			N/A	Subordinate	A/A2/A
B-3	$4,354,000			N/A	Subordinate	BBB/Baa2/BBB
B-4	$2,176,000			N/A	Subordinate	BB/Ba2/BB
B-5	$1,450,000	Information Not Provided Herein		N/A	Subordinate	B/B2/B
B-6	$2,550,112			N/A	Subordinate	NR/NR/NR
Total	$725,975,212

The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein.

The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any.

Sequoia 2003-7

	# of Loans	Balance	Avg. Balance	% of group balance	WAC	WARM
TOTAL	2122	725,975,211.85	342,118.38	100%	2.96057	351
BALANCE 700,000.00. 799,999.99	59	44,069,582.28	746,942.07	6.1%	3.02485	355
BALANCE 800,000.00. 899,999.99	39	32,349,778.26	829,481.49	4.5%	2.95263	354
BALANCE 900,000.00. 999,999.99	43	41,388,148.62	962,515.08	5.7%	2.85945	349
BALANCE 1,000,000.00-1,099,999.9	11	11,067,923.24	1,006,174.84	1.5%	3.16864	348
BALANCE 1,200,000.00- 1,299,999.	8	9,900,500.00	1,237,562.50	1.4%	2,98342	329
BALANCE 1,300,000.00- 1,399,999.	5	6,820,911.36	1,364,182.27	0.9%	3.15139	348
BALANCE 1,400,000.00- 1,499,999.	1	1,440,000.00	1,440,000.00	0.2%	2.62500	299
BALANCE 1,500,000.00- 1,599,999.	2	3,020,000.00	1,510,000.00	0.4%	2.87334	329
BALANCE 1,600,000.00- 1,699,999.	5	8,194,000.00	1,638,800.00	1.1%	3.07814	323
BALANCE 1,700,000.00- 1,799,999.	1	1,700,000.00	1,700,000.00	0.2%	3.50000	358
BALANCE 1,800,000.00- 1,899,999.	_	3,729,27990	1,864,639.95	0.5%	2.93897	328
BALANCE 2,000,000.00- 2,099,999.	4	8,000,000.00	2,000,000.00	1.1%	2.90625	298
BALANCE 2,099,999.99- AND UP	1	2,900,000.00	2,900,000.00	0.4%	3.12500	299
F1CO 600-619	5	2,849,800.00	569,960.00	0.4%	2.85769	313
F1CO 620-639	8	4,299,449.98	537,431.25	0.6%	2.81896	329
F1CO 640-659	47	13,556,129.62	288,428.29	1.9%	2.98450	343
F1CO 660-679	172	59,234,662.09	344,382.60	8.2%	3.01144	353
F1CO 680-699	270	93,571,101.57	346,559.64	12.9%	3.00129	351
LTV 080.00	423	142,292,814.18	336,389.63	19.6%	2.89534	347
LTV 080.00-84.99	20	3,774,455.97	188,722.80	0.5%	3.00065	359
LTV 085.00-89.99	31	6,294,210.71	203,039.06	0.9%	2.92664	352
LTV 090.00-94.99	41	8,988,435.78	219,230.14	1.2%	3.12267	357
LTV x 95	45	9,355,402.61	207,892.84	1.3%	3.02688	341
Investor	49	9,785,837.07	199,710.96	1.4%	3.05176	337
Second Home	140	48,422,834.06	345,87739	6.7%	1.97296	335

	FICO	OLTV	Eff LTV	Adj Eff LTV (with MI)	DTI	% of Full Doc	of Primary Owner	% Single Family	% of 10 loans %	Cashout
TOTAL	732	68.85	68.68	67.84	28.71	61.0	92.0	61.6	100.0	27.1
BALANCE 700,000.00. 799,999.99	724	69.79	69.19	69.19	28.60	69.6	93.3	62.9	100.0	20.3
BALANCE 800,000.00. 899,999.99	726	67.74	66.97	66.97	27.43	58.9	97.5	61.3	100.0	20.9
BALANCE 900,000.00. 999,999.99	739	61.63	61.63	61.63	27.98	48.3	929	74.9	100.0	13.7
BALANCE 1,000,000.00-1,099,999.!	721	57.92	57.92	57.92	21.71	36.1	91.0	63.9	100.0	27.1
BALANCE 1,200,000.00- 1,299,999.	709	64.29	64.29	64.29	26.31	24.4	75.0	49.6	100.0	25.2
BALANCE 1,300,000.00- 1,399,999.	733	65.08	65.08	65.08	26.42	40.2	79.7	80.1	100.0	19.4
BALANCE 1,400,000.00- 1,499,999.	766	80.00	80.00	80.00	20.00	0.0	100.0	100.0	100.0	100.0
BALANCE 1,500,000.00- 1,599,999.	754	68.01	68.01	68.01	34.05	49.7	100.0	100.0	100.0	0.0
BALANCE 1,600,000.00- 1,699,999.	688	73.49	73.49	73.49	23.59	40.0	79.3	60.0	100.0	0.0
BALANCE 1,700,000.00- 1,799,999.	736	47.22	47.22	47.22	14.00	100.0	100.0	100.0	100.0	0.0
BALANCE 1,800,000.00- 1,899,999.	732	71.39	71.39	71.39	25.88	50.4	50.4	100.0	100.0	0.0
BALANCE 2,000,000.00- 2,099,999.	757	60.97	60.97	60.97	16.00	0.0	75.0	25.0	100.0	50.0
BALANCE 2,099,999.99- AND UP	700	66.67	66.67	66.67	53.00	0.0	100.0	100.0	100.0	0.0
F1CO 600-619	607	49.83	40.57	38.82	32.68	23.6	100.0	50.3	100.0	51.8
F1CO 620-639	629	67.30	67.30	66.36	24.95	51.3	96.9	85.6	100.0	8.4
F1CO 640-659	653	73.19	73.19	72.50	32.66	62.8	91.0	60.4	100.0	21.2
F1CO 660-679	670	68.74	68.74	67.47	30.50	56.6	94.1	62.3	100.0	33.5
F1CO 680-699	689	71.21	71.11	69.94	31.12	53.0	92.1	57.9	100.0	26.6
LTV 080.00	730	80.00	80.00	80.00	30.22	72.4	90.7	59.3	100.0	9.9
LTV 080.00-84.99	724	83.80	83.80	71.62	29.21	93.8	85.5	64.4	100.0	0.0
LTV 085.00-89.99	703	87.76	8357	61.22	32.90	88.9	98.6	55.4	100.0	0.0
LTV 090.00-94.99	718	9218	91.50	66.54	31.10	94.3	100.0	50.1	100.0	0.0
LTV >= 95	721	96.48	87.04	65.78	32.61	69.9	84.7	55.2	100.0	1.3
Investor	736	62.34	60.79	60.79	29.73	63.8	0.0	36.4	100.0	13.4
Second Home	738	66.53	65.87	65.70	27.10	41.9	0.0	52.3	100.0	15.3

Sequoia 2003-7

	# of Loans	Balance	Avg. Balance	% of group balance	WAC	WARM	FICO
TOTAL	2122	725,975,211.85	342,118.38	100%	2.96057	351	732
I/0 Loans	2122	725,975,211.85	342,118.38	100.0%	2.96057	351	732
ALTERNATIVE	122	59,539,639.64	488,029.83	8.2%	2.81720	298	717
ASSET, NO INCOME	1	489,976.04	489,976.04	0.1%	3.12500	298	768
FULL	1417	442,741,211.27	312,449.69	61.0%	2.94051	359	735
LIMITED DOC	483	190,266,180.36	393,925.84	26.2%	3.09444	359	727
LITE DOC	77	27,195,340.92	353,186.25	3.8%	2.69654	299	743
NO RATIO	22	5,742,863.62	261,039.26	0.8%	2.79420	298	754
Cash Out Refi	598	196,505,960.17	328,605.28	27.1%	2.99413	350	731
Rate/Term Refi	977	311,170,286.86	318,495.69	42.9%	2.95787	353	728
2-4 UNITS	16	5,744,172.40	359,010.78	0.8%	1.20090	347	718
CONDO	204	64,660,616.15	316,963.80	8.9%	2.97809	345	735
	198	68,476,812.48	345,842.49	94%	2.97670	346	718
DTI 0-9.99	51	21,211,976.89	415,92.12	2.9%	2.86939	334	764
DTI 10-14.99	129	45,105,615.25	349,655.93	6.2%	2.97871	348	740
DTI 15-19.99	203	62,498,883.69	307,876.27	8.6%	2.94415	349	742
DTI 20-24.99	307	108,662,246.91	353,948.69	15.0%	2.96254	354	737
DTI 25-29.99	376	127,078,103.92	337,973.68	17.5%	2.97954	354	732
DTI 30-34.99	398	137,365,242.37	345,138.80	18.9%	2.96251	354	730
DTI 35-00	441	149,974,832.64	340,078.99	20.7%	2.95676	353	724
DTI UNAVAILABLE	19	5,601,497.70	294,815.67	0.8%	2.73165	298	751
GEORGIA LOANS	119	36,723,776.51	308,603.16	5.1%	2.91395	356	732
ORIG BALANCE > 1M	30	46,772,614.50	1,559,087.15	6.4%	3.01470	323	726
EFFLTV 080.00	423	142,292,814.18	336,389.63	19.6%	2.89534	347	730
EFFLTV 080.00-84.99	20	3,774,455.97	188,722.80	0.5%	3.00065	359	724
EFFLTV 085.00-89.99	30	5,594,210.71	186,473.69	0.8%	2.96438	359	713
EFFLTV 090.00-94.99	40	8,682,435.78	217,060.89	1.2%	3.13580	359	719
EFFLTV >= 95	36	6,539,656.88	181,657.14	0.9%	3.12807	359	717
PMILTV 080.00	423	142,292,814.18	336,389.63	19.6%	2.89534	347	730
PMILTV 090.00-94.99	1	800,000.00	800,000.00	0.1%	3.12500	360	680

	OLTV	Eff LTV	Adj Eff LTV with MI	DTI	% of Full Doc	% of Primary Owner	% Single Family	% of I0 loans %	% Cashout
TOTAL	68.85	68.68	67.84	28.71	61.0	92.0	61.6	100.0	27.1
1/0 Loans	68.85	68.68	67.84	28.71	61.0	92.0	61.6	100.0	27.1
ALTERNATIVE	68.89	67.55	62.55	28.11	0.0	76.6	67.4	100.0	31.5
ASSET, NO INCOME	67.12	67.12	67.12	32.00	0.0	0.0	100.0	100.0	100.0
FULL	70.88	70.88	69.53	28.73	100.0	93.9	60.8	100.0	24.0
LIMITED DOC	64.44	64.44	69.40	29.21	0.0	95.6	63.0	100.0	31.7
LITE DOC	71.40	69.88	69.88	25.99	0.0	70.8	51.3	100.0	33.3
NO RATIO	45.75	45.75	45.75	30.74	0.0	91.8	53.2	100.0	25.6
Cash Out Refi	64.32	64.30	64.30	28.20	54.2	95.6	69.8	100.0	100.0
Rate/Term Refi	62.03	66.92	65.91	28.67	62.6	93.9	59.8	100.0	0.0
2-4 UNITS	68.56	68.56	68.56	30.35	30.3	83.1	0.0	100.0	15.5
CONDO	69.93	69.35	68.61	28.36	53.0	74.7	0.0	100.0	21.1
	72.43	71.85	70.28	44.85	62.5	88.0	63.4	100.0	20.0
DTI 0-9.99	59.22	59.04	58.97	6.30	49.3	73.1	61.3	100.0	20.6
DTI 10-14.99	64.93	64.93	64.43	12.27	62.4	87.4	65.4	100.0	24.6
DTI 15-19.99	68.47	68.44	68.16	17.28	66.8	93.7	63.1	100.0	30.8
DTI 20-24.99	69.54	69.26	68.21	22.11	62.8	95.3	63.9	100.0	27.1
DTI 25-29.99	68.42	68.12	67.43	22.06	61.5	91.3	64.8	100.0	30.8
DTI 30-34.99	68.98	68.98	68.17	32.06	58.1	95.5	58.3	100.0	30.4
DTI 35-00	70.22	70.18	69.18	37.35	62.3	92.3	57.1	100.0	24.0
DTI UNAVAILABLE	53.82	53.82	53.82	0.00	0.0	85.5	72.6	100.0	34.5
GEORGIA LOANS	73.18	73.18	72.23	28.92	74.7	94.1	48.3	100.0	18.1
ORIG BALANCE > 1M	66.62	66.62	66.62	25.38	28.9	79.9	66.6	100.0	19.8
EFFLTV 080.00	80.00	80.00	80.00	30.22	72.4	90.7	59.3	100.0	9.9
EFFLTV 080.00-84.99	83.80	83.80	71.62	29.21	93.8	85.5	64.4	100.0	0.0
EFFLTV 085.00-89.99	87.77	87.77	62.62	31.89	100.0	98.4	49.8	100.0	0.0
EFFLTV 090.00-94.99	92.26	92.26	66.41	31.49	97.7	100.0	48.4	100.0	0.0
EFFLTV >= 95	95.00	95.00	64.59	33.74	100.0	100.0	72.3	100.0	0.0
PMILTV 080.00	80.00	80.00	80.00	30.22	72.4	90.7	59.3	100.0	9.9
PMILTV 090.00-94.99	91.43	91.43	91.43	42.00	100.0	100.0	0.0	100.0	0.0