Sequoia Mortgage Trust SMT Series 2000-4 Monthly Certificateholder Distribution Statement (Norwest Bank Minnesota, N.A. as Administrator)

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Summary

This document is a monthly distribution statement for the Sequoia Mortgage Trust SMT Series 2000-4, administered by Norwest Bank Minnesota, N.A. It details the payments of principal and interest to holders of various classes of mortgage pass-through certificates as of May 31, 2000, with distributions made on June 22, 2000. The statement outlines the amounts distributed, remaining balances, and any realized losses (none reported for this period). It is intended to inform certificateholders of their monthly payment allocations and the status of their investments.

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EX-10.1 2 ex10-1.txt MONTHLY PAYMENT DATE STATEMENT 1 Sequoia Mortgage Trust Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-May-2000 7485 New Horizon Way Distribution Date: 22-June-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 Current Class Pass-Through Certificate Interest Principal Realized Class CUSIP Description Rate Balance Distribution Distribution Loss =========================================================================================================================== A 81743TAA6 SEQ 6.96875% 367,393,775.75 2,133,562.81 3,896,323.30 0.00 B SMT00004B SUB 7.85875% 3,809,289.81 24,946.88 0.00 0.00 C SMT00004C IO 0.00000% 0.00 132,508.32 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 371,203,065.56 2,291,018.01 3,896,323.30 0.00 ===========================================================================================================================
============================================================ Ending Cumulative Certificate Total Realized Class Balance Distribution Losses ============================================================ A 363,497,452.45 6,029,886.11 0.00 B 3,809,289.81 24,946.88 0.00 C 0.00 132,508.32 0.00 R-UT 0.00 0.00 0.00 R-LT 0.00 0.00 0.00 ============================================================ Totals 367,306,742.26 6,187,341.31 0.00 ============================================================
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee 27-June-2000 2 Sequoia Mortgage Trust Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-May-2000 7485 New Horizon Way Distribution Date: 22-June-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152 SMT Series 2000-4 Principal Distribution Statement
======================================================================================================================== Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss(1) ======================================================================================================================== A 377,119,000.00 367,393,775.75 0.00 3,896,323.30 0.00 0.00 B 3,809,982.43 3,809,289.81 0.00 0.00 0.00 0.00 C 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 R-LT 0.00 0.00 0.00 0.00 0.00 0.00 ======================================================================================================================== Totals 380,928,982.43 371,203,065.56 0.00 3,896,323.30 0.00 0.00 ========================================================================================================================
======================================================================================= Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution ======================================================================================= A 3,896,323.30 363,497,452.45 0.96387998 3,896,323.30 B 0.00 3,809,289.81 0.99981821 0.00 C 0.00 0.00 0.00000000 0.00 R-UT 0.00 0.00 0.00000000 0.00 R-LT 0.00 0.00 0.00000000 0.00 ======================================================================================= Totals 3,896,323.30 367,306,742.26 0.96423942 3,896,323.30 =======================================================================================
(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 Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-May-2000 7485 New Horizon Way Distribution Date: 22-June-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152 SMT Series 2000-4 Principal Distribution Factors Statement
========================================================================================================================= Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class(2) Amount Balance Distribution Distribution Accretion Loss(3) ========================================================================================================================= A 377,119,000.00 974.21178925 0.00000000 10.33181383 0.00000000 0.00000000 B 3,809,982.43 999.81820914 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-UT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-LT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 =========================================================================================================================
======================================================================================== Ending Ending Total Principal Certificate Certificate Total Principal Class(2) Reduction Balance Percentage Distribution ======================================================================================== A 10.33181383 963.87997542 0.96387998 10.33181383 B 0.00000000 999.81820914 0.99981821 0.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 R-UT 0.00000000 0.00000000 0.00000000 0.00000000 R-LT 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 Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-May-2000 7485 New Horizon Way Distribution Date: 22-June-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152 SMT Series 2000-4 Interest Distribution Statement
================================================================================================================================= Payment of Non- Current Beginning Current Unpaid Current Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall ================================================================================================================================= A 377,119,000.00 6.96875% 367,393,775.75 2,133,562.81 0.00 0.00 0.00 B 3,809,982.43 7.85875% 3,809,289.81 24,946.88 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 2,158,509.69 0.00 0.00 0.00 =================================================================================================================================
================================================================================ Remaining Unpaid Ending Realized Total Interest Interest Certificate/ Class Losses(4) Distribution Shortfall Notional Balance ================================================================================ A 0.00 2,133,562.81 0.00 363,497,452.45 B 0.00 24,946.88 0.00 3,809,289.81 C 0.00 132,508.32 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 2,291,018.01 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 Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-May-2000 7485 New Horizon Way Distribution Date: 22-June-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152 SMT Series 2000-4 Interest Distribution Factors Statement
========================================================================================================================== Beginning Payment of Certificate/ Unpaid Current Original Face Current Notional Current Accrued Interest Interest Class(5) Amount Certificate Rate Balance Interest Shortfall Shortfall ========================================================================================================================== A 377,119,000.00 6.96875% 974.21178925 5.65753200 0.00000000 0.00000000 B 3,809,982.43 7.85875% 999.81820914 6.54776773 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-UT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-LT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 ==========================================================================================================================
=============================================================================================== Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notional Class(5) Shortfall Losses(6) Distribution Shortfall Balance ============================================================================================== A 0.00000000 0.00000000 5.65753200 0.00000000 ###-###-#### B 0.00000000 0.00000000 6.54776773 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 ===============================================================================================
(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 Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-May-2000 7485 New Horizon Way Distribution Date: 22-June-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152 SMT Series 2000-4 Certificateholder Account Statement
=============================================================================== CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 6,164,095.95 Liquidations, Insurance Proceeds, Reserve Funds 49.67 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 178,640.05 Realized Losses 0.00 ------------ Total Deposits 6,342,785.67 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 155,444.36 Payment of Interest and Principal 6,187,341.31 ------------ Total Withdrawals (Pool Distribution Amount) 6,342,785.67 Ending Balance 0.00 ============ ===============================================================================
=============================================================================== OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------ --------- ----------- -------- --------- Reserve Fund 10,000.00 0.00 0.00 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 115,318.16 Trustee Fee 1,856.02 AMBAC Premium 38,270.18 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 155,444.36 ========== ===============================================================================
7 Sequoia Mortgage Trust Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-May-2000 7485 New Horizon Way Distribution Date: 22-June-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152
==================================================================================== CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS Percentage Delinquent Based On Current ------------------------- Number Unpaid Principal Number Unpaid Of Loans Balance of Loans Balance -------- ---------------- -------- ------- 30 Days 44 23,633,020.54 5.011390% 6.434137% 60 Days 12 4,396,713.05 1.366743% 1.197014% 90+ Days 1 149,812.50 0.113895% 0.040787% Foreclosure 0 0.00 0.000000% 0.000000% REO 0 0.00 0.000000% 0.000000% -- ------------- -------- -------- Totals 57 28,179,546.09 6.492027% 7.671938%
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 178,640.05 ====================================================================================
=================================================================================================================================== 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 1.03708682% 98.962913% 0.000000% Class B 0.00 0.00000000% 0.00 0.0000000% 1.037087% 100.000000% Class C 0.00 0.00000000% 0.00 0.0000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure ===================================================================================================================================
8 Sequoia Mortgage Trust Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 31-May-2000 7485 New Horizon Way Distribution Date: 22-June-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152
=============================================================================== COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.908596% Weighted Average Net Coupon 7.529804% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity (Stepdown Calculation) 285 Beginning Scheduled Collateral Loan Count 886 Number of Loans Paid in Full 8 Ending Scheduled Collateral Loan Count 878 Beginning Scheduled Collateral Balance 371,203,065.57 Ending Scheduled Collateral Balance 367,306,742.27 Ending Actual Collateral Balance at 31-May-2000 367,306,742.45 Monthly P&I Constant 2,446,706.35 Class A Optimal Amount 6,068,156.30 Ending Scheduled Balance for Premium Loans 367,306,742.27 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 0.0023% 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 3,809,289.84 ===============================================================================