Sequoia Mortgage Trust 2000-4 Certificateholder Distribution Statement (Wells Fargo Bank Minnesota, N.A.)

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Summary

This document summarizes the distribution of principal and interest to holders of Sequoia Mortgage Trust 2000-4 Mortgage Pass-Through Certificates, administered by Wells Fargo Bank Minnesota, N.A. It details the amounts distributed to each certificate class, the remaining balances, and any realized losses as of June 30, 2000. The report confirms that all distributions were calculated according to the Pooling and Servicing Agreement, with no realized losses or interest shortfalls for this period.

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EX-10.1 2 ex10-1.txt EXHIBIT 10.1 1 EXHIBIT 10.1 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 24-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 21-Jul-2000 3:21:36PM Fax: (301) 846-8152 SMT Series 2000-4 Certificateholder Distribution Summary
Certificate Certificate Beginning Current Class Pass-Through Certificate Interest Principal Realized Class CUSIP Description Rate Balance Distribution Distribution Loss - ------- --------- ----------- ------------ -------------- ------------ ------------ -------- A 81743TAA6 SEQ 7.01000% 363,497,452.45 2,123,430.95 7,524,165.58 0.00 B SMT00004B SUB 7.90000% 3,809,289.81 25,077.82 0.00 0.00 C SMT00004C IO 0.00000% 0.00 175,249.11 0.00 0.00 R-UT SMT00004R RES 0.00000% 0.00 0.00 0.00 0.00 R-LT SMT0004RL RES 0.00000% 0.00 0.00 0.00 0.00 -------------- ------------ ------------ ---- Totals 367,306,742.26 2,323,757.88 7,524,165.58 0.00
Ending Cumulative Certificate Total Realized Class Balance Distribution Losses - ------ -------------- ------------ ---------- A 355,973,286.87 9,647,596.53 0.00 B 3,809,289.81 25,077.82 0.00 C 0.00 175,249.11 0.00 R-UT 0.00 0.00 0.00 R-LT 0.00 0.00 0.00 -------------- ------------ ---- Totals 359,782,576.68 9,847,923.46 0.00
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. Page 1 2 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 24-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 21-Jul-2000 3:21:36PM Fax: (301) 846-8152 SMT Series 2000-4 Principal Distribution Statement
Original Beginning Scheduled Unscheduled Total Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss(1) Reduction - ------ -------------- -------------- ------------ ------------ --------- -------- ------------ A 377,119,000.00 363,497,452.45 0.00 7,524,165.58 0.00 0.00 7,524,165.58 B 3,809,982.43 3,809,289.81 0.00 0.00 0.00 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R-UT 0.00 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 0.00 Totals 380,928,982.43 367,306,742.26 0.00 7,524,165.58 0.00 0.00 7,524,165.58
Ending Ending Total Certificate Certificate Principal Class Balance Percentage Distribution - ------ -------------- ----------- ------------ A 355,973,286.87 0.94392827 7,524,165.58 B 3,809,289.81 0.99981821 0.00 C 0.00 0.00000000 0.00 R-UT 0.00 0.00000000 0.00 R-LT 0.00 0.00000000 0.00 Totals 359,782,576.68 0.94448728 7,524,165.58
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Descript Page 2 3 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 24-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 21-Jul-2000 3:21:36PM Fax: (301) 846-8152 SMT Series 2000-4 Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled Total Face Certificate Principal Principal Realized Principal Class(2) Amount Balance Distribution Distribution Accretion Loss(3) Reduction - --------- -------------- ------------ ------------ ------------ ---------- ---------- ----------- A 377,119,000.00 963.87997542 0.00000000 19.95170113 0.00000000 0.00000000 19.95170113 B 3,809,982.43 999.81820914 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-UT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-LT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending Ending Total Certificate Certificate Principal Class(2) Balance Percentage Distribution - --------- ------------ ----------- ----------- A 943.92827428 0.94392827 19.95170113 B 999.81820914 0.99981821 0.00000000 C 0.00000000 0.00000000 0.00000000 R-UT 0.00000000 0.00000000 0.00000000 R-LT 0.00000000 0.00000000 0.00000000
(2) Per $1,000 Denomination. (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Descript Page 3 4 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 24-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 21-Jul-2000 3:21:36PM Fax: (301) 846-8152 SMT Series 2000-4 Interest Distribution Statement
Beginning Original Current Certificate/ Current Payment of Current Non-Supported Face Certificate Notional Accrued Unpaid Interest Interest Class Amount Rate Balance Interest Interest Shortfall Shortfall - ------- -------------- ----------- -------------- ------------ ---------- --------- ------------- A 377,119,000.00 7.01000% 363,497,452.45 2,123,430.95 0.00 0.00 0.00 B 3,809,982.43 7.90000% 3,809,289.81 25,077.82 0.00 0.00 0.00 C 0.00 0.00000% 0.00 0.00 0.00 0.00 0.00 R-UT 0.00 0.00000% 0.00 0.00 0.00 0.00 0.00 R-LT 0.00 0.00000% 0.00 0.00 0.00 0.00 0.00 - ------- -------------- ------------ ---- ---- ---- Totals 380,928,982.43 2,148,508.77 0.00 0.00 0.00
Remaining Ending Total Unpaid Certificate/ Realized Interest Interest Notional Class Loss(4) Distribution Shortfall Balance - ------- -------- ------------ --------- -------------- A 0.00 2,123,430.95 0.00 355,973,286.87 B 0.00 25,077.82 0.00 3,809,289.81 C 0.00 175,249.11 0.00 0.00 R-UT 0.00 0.00 0.00 0.00 R-LT 0.00 0.00 0.00 0.00 - ------- ---- ------------ ---- Totals 0.00 2,323,757.88 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. Page 4 5 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 24-Jul-2000 7485 New Horizon Way Frederick, MD 21703 21-Jul-2000 3:21:36PM Telephone: (301) 815-6600 Fax: (301) 846-8152 SMT Series 2000-4 Interest Distribution Factors Statement
Beginning Payment of Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class(5) Amount Rate Balance Interest Shortfall - --------- -------------- ----------- ------------ ---------- ---------- A 377,119,000.00 7.01000 % 963.87997542 5.63066552 0.00000000 B 3,809,982.43 7.90000 % 999.81820914 6.58213534 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 Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notional Class(5) Shortfall Shortfall Loss(6) Distribution Shortfall Balance - --------- --------- ------------- ---------- -------------- ---------- ------------ A 0.00000000 0.00000000 0.00000000 5.63066552 0.00000000 943.92827428 B 0.00000000 0.00000000 0.00000000 6.58213534 0.00000000 999.81820914 C 0.00000000 0.00000000 0.00000000 00000.00000000 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) Per $1,000 Denomination. (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 Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 24-Jul-2000 7485 New Horizon Way Frederick, MD 21703 21-Jul-2000 3:21:36PM Telephone: (301) 815-6600 Fax: (301) 846-8152 SMT Series 2000-4 Certificateholder Account Statement CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,928,983.08 Liquidations, Insurance Proceeds, Reserve Funds 50.09 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 72,699.20 Realized Losses 0.00 ------------- Total Deposits 10,001,732.37 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 153,808.91 Payment of Interest and Principal 9,847,923.46 ------------- Total Withdrawals (Pool Distribution Amount) 10,001,732.37 Ending Balance 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 114,108.07 Trustee Fee 1,836.52 AMBAC Premium 37,864.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 153,808.91 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------ --------- ----------- -------- --------- Reserve Fund 10,000.00 0.00 50.09 10,000.00 Financial Guaranty 0.00 0.00 0.00 0.00
7 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 24-Jul-2000 7485 New Horizon Way Frederick, MD 21703 21-Jul-2000 3:21:36PM Telephone: (301) 815-6600 Fax: (301) 846-8152 SMT Series 2000-4
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 15 8,207,623.57 30 Days 0 0.00 30 Days 0 0.00 60 Days 5 ,972,773.64 60 Days 0 0.00 60 Days 0 0.00 90 Days 2 974,718.20 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 ========= ============= ========= =========== ========= ========= 22 11,155,115.41 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance - ------- ---------- ------------- -------- ---------- ---------- ------- ---------- ---------- 30 Days 1.736111 % 2.281273 % 30 Days 0.000000 % 0.000000 % 30 Days 0.000000 % 0.000000 % 60 Days 0.578704 % 0.548324 % 60 Days 0.000000 % 0.000000 % 60 Days 0.000000 % 0.000000 % 90 Days 0.231481 % 0.270919 % 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 % ========== ========== ========== ========== ========== ========== 2.546296 % 3.100516 % 0.000000 % 0.000000 % 0.000000 % 0.000000 %
REO Total - ------------------------------------ ------------------------------------------ No. of Principal No. of Principal Loans Balance Loans Balance - -------- ------- --------- -------- -------- ------------ 30 Days 0 0.00 30 Days 15 8,207,623.57 60 Days 0 0.00 60 Days 5 1,972,773.64 90 Days 0 0.00 90 Days 2 974,718.20 120 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 22 11,155,115.41 No. of Principal No. of Principal Loans Balance Loans Balance - -------- ---------- ---------- -------- ---------- ---------- 30 Days 0.000000 % 0.000000 % 30 Days 1.736111 % 2.281273 % 60 Days 0.000000 % 0.000000 % 60 Days 0.578704 % 0.548324 % 90 Days 0.000000 % 0.000000 % 90 Days 0.231481 % 0.270919 % 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 % 2.546296 % 3.100516 %
Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 72,699.20 SUBORDINATION LEVEL/CREDIT ENHANCEMENT/ CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current Next Original $ Original % Current $ Current % Class % Prepayment % ------------ ------------ ------------ ------------ ----------- ------------ Class A 3,809,982.43 1.00018182 % 3,809,289.81 1.05877551 % 98.941224 % 0.000000 % Class B 0.00 0.00000000 % 0.00 0.00000000 % 1.058776 % 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 8 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 24-Jul-2000 7485 New Horizon Way Frederick, MD 21703 21-Jul-2000 3:21:36PM Telephone: (301) 815-6600 Fax: (301) 846-8152 SMT Series 2000-4 COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 8.094107% Weighted Average Net Coupon 7.715313% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity (Stepdown Calculation) 284 Beginning Scheduled Collateral Loan Count 878 Number of Loans Paid in Full 14 Ending Scheduled Collateral Loan Count 864 Beginning Scheduled Collateral Balance 367,306,742.27 Ending Scheduled Collateral Balance 359,782,576.69 Ending Actual Collateral Balance at 30-Jun-2000 359,782,576.69 Monthly P&I Constant 2,477,516.88 Class A Optimal Amount 9,685,460.85 Ending Scheduled Balance for Premium Loans 359,782,576.69 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 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00 Serious Delinquencies 0.00365% 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