Sequoia Mortgage Trust SMT Series 2000-4 Monthly Certificateholder Distribution Statement (August 2000)

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Summary

This document is a monthly payment and distribution statement for certificateholders of the Sequoia Mortgage Trust SMT Series 2000-4, administered by Norwest Bank Minnesota, N.A. It details the principal and interest payments, balances, and distributions for various classes of mortgage pass-through certificates as of July 31, 2000, with distributions made on August 22, 2000. The statement summarizes the amounts paid, outstanding balances, and any realized losses, providing transparency to investors regarding the trust's performance and compliance with the Pooling and Servicing Agreement.

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EX-10.1 2 f65350ex10-1.txt MONTHLY PAYMENT STATEMENT, DATED AUGUST 25, 2000 1 EXHIBIT 10.1 Sequoia Mortgage Trust Contact: Customer Service-CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-July-2000 7485 New Horizon Way Distribution Date: 22-Aug-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152 EXHIBIT 10.1 SMT Series 2000-4 Certificateholder Distribution Summary
=========================================================================================== Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution =========================================================================================== A 81743TAA6 SEQ 6.99000% 355,973,286.87 2,073,544.40 B SMT00004B SUB 7.88000% 3,809,289.81 25,014.34 C SMT00004C IO 0.00000% 0.00 252,321.54 R-UT SMT00004R RES 0.00000% 0.00 0.00 R-LT SMT0004RL RES 0.00000% 0.00 0.00 =========================================================================================== Totals 359,782,576.68 2,350,880.28 ===========================================================================================
=========================================================================================== Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses =========================================================================================== A 9,401,857.92 0.00 346,571,428.95 11,475,402.32 0.00 B 0.00 0.00 3,809,289.81 25,014.34 0.00 C 0.00 0.00 0.00 252,321.54 0.00 R-UT 0.00 0.00 0.00 0.00 0.00 R-LT 0.00 0.00 0.00 0.00 0.00 =========================================================================================== Totals 9,401,857.92 0.00 350,380,718.76 11,752,738.20 0.00 ===========================================================================================
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee 24-August-2000 2 [SEQUOIA MORTGAGE TRUST LETTERHEAD] SMT Series 2000-4 Principal Distribution Statement
========================================================================================================= Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion ========================================================================================================= A 377,119,000.00 355,973,286.87 0.00 9,401,857.92 0.00 B 3,809,982.43 3,809,289.81 0.00 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 R-UT 0.00 0.00 0.00 0.00 0.00 R-LT 0.00 0.00 0.00 0.00 0.00 ========================================================================================================= Totals 380,928,982.43 359,782,576.68 0.00 9,401,857.92 0.00 =========================================================================================================
========================================================================================================= Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss(1) Reduction Balance Percentage Distribution ========================================================================================================= A 0.00 9,401,857.92 346,571,428.95 0.91899753 9,401,857.92 B 0.00 0.00 3,809,289.81 0.99981821 0.00 C 0.00 0.00 0.00 0.00000000 0.00 R-UT 0.00 0.00 0.00 0.00000000 0.00 R-LT 0.00 0.00 0.00 0.00000000 0.00 ========================================================================================================= Totals 0.00 9,401,857.92 350,380,718.76 0.91980588 9,401,857.92 =========================================================================================================
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed. Please Refer To The Prospectus Supplement For A Full Description. 3 [SEQUOIA MORTGAGE TRUST LETTERHEAD] SMT Series 2000-4 Principal Distribution Factors Statement
======================================================================================================== Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class(2) Amount Balance Distribution Distribution Accretion ======================================================================================================== A 377,119,000.00 943.92827428 0.00000000 24.93074579 0.00000000 B 3,809,982.43 999.81820914 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-UT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-LT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 ========================================================================================================
======================================================================================================== Total Ending Ending Realized Principal Certificate Certificate Total Principal Class(2) Loss(3) Reduction Balance Percentage Distribution ======================================================================================================== A 0.00000000 24.93074579 918.99752850 0.91899753 24.93074579 B 0.00000000 0.00000000 999.81820914 0.99981821 0.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-UT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-LT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ========================================================================================================
(2) All Denominations Are Per $1,000. (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed. Please Refer To The Prospectus Supplement For A Full Description. 4 [SEQUOIA MORTGAGE TRUST LETTERHEAD] SMT Series 2000-4 Interest Distribution Statement
========================================================================================================== Payment of Current Beginning Current Unpaid Original Face Certificate Certificate/ Accrued Interest Class Amount Rate Notional Balance Interest Shortfall ========================================================================================================== A 377,119,000.00 6.99000% 355,973,286.87 2,073,544.40 0.00 B 3,809,982.43 7.88000% 3,809,289.81 25,014.34 0.00 C 0.00 0.00000% 0.00 0.00 0.00 R-UT 0.00 0.00000% 0.00 0.00 0.00 R-LT 0.00 0.00000% 0.00 0.00 0.00 ========================================================================================================== Totals 380,928,982.43 2,098,558.74 0.00 ==========================================================================================================
========================================================================================================== Remaining Current Non-Supported Unpaid Ending Interest Interest Realized Total Interest Interest Certificate/ Class Shortfall Shortfall Losses(4) Distribution Shortfall Notional Balance ========================================================================================================== A 0.00 0.00 0.00 2,073,544.40 0.00 346,571,428.95 B 0.00 0.00 0.00 25,014.34 0.00 3,809,289.81 C 0.00 0.00 0.00 252,321.54 0.00 0.00 R-UT 0.00 0.00 0.00 0.00 0.00 0.00 R-LT 0.00 0.00 0.00 0.00 0.00 0.00 ========================================================================================================== Totals 0.00 0.00 0.00 2,350,880.28 0.00 ==========================================================================================================
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed. Please Refer To The Prospectus Supplement For A Full Description. 5 [SEQUOIA MORTGAGE TRUST LETTERHEAD] SMT Series 2000-4 Interest Distribution Factors Statement
=========================================================================================================== Payment of Beginning Unpaid Original Face Current Certificate/ Current Accrued Interest Class(5) Amount Certificate Rate Notional Balance Interest Shortfall =========================================================================================================== A 377,119,000.00 6.99000% 943.92827428 5.49838221 0.00000000 B 3,809,982.43 7.88000% 999.81820914 6.56547385 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 R-UT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 R-LT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 ===========================================================================================================
=========================================================================================================== Remaining Ending Current Non-Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notional Class(5) Shortfall Shortfall Losses(6) Distribution Shortfall Balance =========================================================================================================== A 0.00000000 0.00000000 0.00000000 5.49838221 0.00000000 918.99752850 B 0.00000000 0.00000000 0.00000000 6.56547385 0.00000000 999.81820914 C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-UT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-LT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ===========================================================================================================
(5) All Denominations Are Per $1,000. (6) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed. Please Refer To The Prospectus Supplement For A Full Description. 6 [SEQUOIA MORTGAGE TRUST LETTERHEAD] SMT Series 2000-4 Certificateholder Account Statement ======================================================================== CERTIFICATE ACCOUNT
Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,860,228.19 Liquidations, Insurance Proceeds, Reserve Funds 52.58 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 43,093.66 Realized Losses 0.00 ------------- Total Deposits 11,903,374.43 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 150,636.23 Payment of Interest and Principal 11,752,738.20 ------------- Total Withdrawals (Pool Distribution Amount) 11,903,374.43 Ending Balance 0.00 =============
========================================================================
=============================================================================================== OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- ------- Reserve Fund 10,000.00 0.00 52.58 10,000.00 Financial Guaranty 0.00 0.00 0.00 0.00 ===============================================================================================
================================================================= PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ---- Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ====
================================================================= =================================================================== SERVICING FEES
Gross Servicing Fee 111,756.78 Trustee Fee 1,798.90 AMBAC Premium 37,080.55 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 150,636.23 ==========
=================================================================== 7 [SEQUOIA MORTGAGE TRUST LETTERHEAD] Certificateholder Delinquency/Credit Enhancement Statement
-------------------------------------- -------------------------------------- ------------------------------------ DELINQUENT BANKRUPTCY FORECLOSURE -------------------------------------- -------------------------------------- ------------------------------------ NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 30 Days 14 4,905,979.04 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 212,115.59 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 295,919.58 90 Days 0 0.00 90 Days 0 0.00 120 Days 1 839,975.00 120 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 ------------------------- ------------------------- ------------------------- 17 6,253,989.21 0 0.00 0 0.00
NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 30 Days 1.652893% 1.400185% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.118064% 0.060539% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.118064% 0.084457% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.118064% 0.239732% 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% ------------------------- ------------------------- ------------------------- 2.007084% 1.784912% 0.000000% 0.000000% 0.000000% 0.000000% ------------------------- ------------------------- -------------------------
8 [SEQUOIA MORTGAGE TRUST LETTERHEAD] Certificateholder Delinquency/Credit Enhancement Statement CONTINUED
- -------------------------------------- --------------------------------------- REO TOTAL - -------------------------------------- --------------------------------------- NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 30 Days 0 0.00 30 Days 14 4,905,979.04 60 Days 0 0.00 60 Days 1 212,115.59 90 Days 0 0.00 90 Days 1 295,919.58 120 Days 0 0.00 120 Days 1 839,975.00 150 Days 0 0.00 150 Days 0 0.00 180 Days 0 0.00 180 Days 0 0.00 ---------- ------------- ------------ ------------- 0 0.00 17 6,253,989.21
NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 30 Days 0.000000% 0.000000% 30 Days 1.652893% 1.400185% 60 Days 0.000000% 0.000000% 60 Days 0.118064% 0.060539% 90 Days 0.000000% 0.000000% 90 Days 0.118064% 0.084457% 120 Days 0.000000% 0.000000% 120 Days 0.118064% 0.239732% 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% 2.007084% 1.784912%
(7) Delinquencies are stratified according to the information the Servicer has provided.
Current Period Realized Loss - Includes Interest Shortfall 0.00 Principal Balance of Contaminated Properties 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Periodic Advance 43,093.66 Current Period Class A Insufficient Funds 0.00
=================================================================================================================================== SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Original $ Original % Current $ Current % Current Class % Next Prepayment % Class A 3,809,982.43 1.00018182% 3,809,289.81 1.08718591% 98.912814% 0.000000% Class B 0.00 0.00000000% 0.00 0.00000000% 1.087186% 100.000000% Class C 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure ===================================================================================================================================
9 [SEQUOIA MORTGAGE TRUST LETTERHEAD] COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 8.343252% Weighted Average Net Coupon 7.964504% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity (Stepdown Calculation) 283 Beginning Scheduled Collateral Loan Count 864 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 847 Beginning Scheduled Collateral Balance 359,782,576.69 Ending Scheduled Collateral Balance 350,380,718.77 Ending Actual Collateral Balance at 31-July-2000 350,380,718.69 Monthly P&I Constant 2,501,463.92 Class A Optimal Amount 11,512,482.87 Ending Scheduled Balance for Premium Loans 350,380,718.77 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 3,809,289.82 Overcollateralized Amount 3,809,289.82 Overcollateralization Deficiency Amount 0.00 Base Overcollateralization Amount 0.00 =============== Serious Delinquencies 0.00384% Floor Amount 2,856,967.37 Excess Cash Flow Principal Amount (Current/Cumulative) 0.00/0.00 Required Payment 0.00 Preference Amount 0.00 Alternate Certificate Rate Used? No Specified OC 3,809,289.82 ===============
10 [SEQUOIA MORTGAGE TRUST LETTERHEAD]