Sequoia Mortgage Trust 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 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 April 30, 2000, with distributions made on May 22, 2000. The statement outlines the beginning and ending balances, interest rates, distributions, and any realized losses for each certificate class, confirming that all calculations were made in accordance with the Pooling and Servicing Agreement.

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EX-10.1 2 0002.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: 30-Apr-2000 7485 New Horizon Way Distribution Date: 22-May-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 6.50500% 373,618,253.27 2,025,322.28 B SMT00004B SUB 7.39500% 3,809,289.81 23,474.75 C SMT00004C IO 0.00000% 0.00 246,849.52 R-UT SMT00004R RES 0.00000% 0.00 0.00 R-LT SMT0004RL RES 0.00000% 0.00 0.00 =================================================================================================================== Totals 377,427,543.08 2,295,646.55 ===================================================================================================================
======================================================================================================================== Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses ======================================================================================================================== A 6,224,477.52 0.00 367,393,775.75 8,249,799.80 0.00 B 0.00 0.00 3,809,289.81 23,474.75 0.00 C 0.00 0.00 0.00 246,849.52 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 6,224,477.52 0.00 371,203,065.56 8,520,124.07 0.00 ========================================================================================================================
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee 2 Sequoia Mortgage Trust Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 30-Apr-2000 7485 New Horizon Way Distribution Date: 22-May-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 Class Amount Balance Distribution Distribution Accretion =============================================================================================================== A 377,119,000.00 373,618,253.27 0.00 6,224,477.52 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 380,928,982.43 377,427,543.08 0.00 6,224,477.52 0.00 ===============================================================================================================
============================================================================================================= Ending Ending Realized Total Principal Certificate Certificate Total Principal Class Loss(1) Reduction Balance Percentage Distribution ============================================================================================================= A 0.00 6,224,477.52 367,393,775.75 0.97421179 6,224,477.52 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 6,224,477.52 371,203,065.56 0.97446790 6,224,477.52 =============================================================================================================
(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: 30-Apr-2000 7485 New Horizon Way Distribution Date: 22-May-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 Class(2) Amount Balance Distribution Distribution Accretion =============================================================================================== A 377,119,000.00 990.71712979 0.00000000 16.50534054 0.00000000 B 3,809,982.43 999.81820914 0.00000000 0.18179086 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 ===============================================================================================
=============================================================================================== Ending Ending Realized Total Principal Certificate Certificate Total Principal Class(2) Loss(3) Reduction Balance Percentage Distribution =============================================================================================== A 0.00000000 16.50534054 974.21178925 0.97421179 16.50534054 B 0.00000000 0.00000000 999.81820914 0.99981821 0.18179086 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 Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 30-Apr-2000 7485 New Horizon Way Distribution Date: 22-May-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152 SMT Series 2000-4 Interest Distribution Statement
========================================================================================================================== Beginning Payment of Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall ========================================================================================================================== A 377,119,000.00 6.50500% 373,618,253.27 2,025,322.28 0.00 0.00 0.00 B 3,809,982.43 7.39500% 3,809,289.81 23,474.75 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 2,048,797.03 0.00 0.00 0.00 ==========================================================================================================================
=========================================================================== Remaining Ending Total Unpaid Certificate/ Realized Interest Interest Notional Class Losses(4) Distribution Shortfall Balance =========================================================================== A 0.00 2,025,322.28 0.00 367,393,775.75 B 0.00 23,474.75 0.00 3,809,289.81 C 0.00 246,849.52 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 2,295,646.55 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: 30-Apr-2000 7485 New Horizon Way Distribution Date: 22-May-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152 SMT Series 2000-4 Interest Distribution Factors Statement
========================================================================================================================== Beginning Payment of Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Class(5) Amount Rate Balance Interest Shortfall Shortfall Shortfall ========================================================================================================================== A 377,119,000.00 6.50500% 990.71712979 5.37051244 0.00000000 0.00000000 0.00000000 B 3,809,982.43 7.39500% 999.81820914 6.16138012 0.00000000 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-UT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-LT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ==========================================================================================================================
========================================================================== Remaining Ending Total Unpaid Certificate/ Realized Interest Interest Notional Class(5) Losses(6) Distribution Shortfall Balance ========================================================================== A 0.00000000 5.37051244 0.00000000 974.21178925 B 0.00000000 6.16138012 0.00000000 999.81820914 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 ==========================================================================
(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: 30-Apr-2000 7485 New Horizon Way Distribution Date: 22-May-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 8,436,609.93 Liquidations, Insurance Proceeds, Reserve 10.76 Funds Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 241,572.40 Realized Losses 0.00 ------------ Total Deposits 8,678,193.09 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 158,069.02 Payment of Interest and Principal 8,520,124.07 ------------ Total Withdrawals (Pool Distribution Amount) 8,678,193.09 Ending Balance 0.00 ============ ====================================================================
==================================================================================== OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------ Reserve Fund 10,000.00 10.67 10.67 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 117,263.31 Trustee Fee 1,887.14 AMBAC Premium 38,918.57 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 158,069.02 ========== ======================================================================
7 Sequoia Mortgage Trust Contact: Customer Service - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 30-Apr-2000 7485 New Horizon Way Distribution Date: 22-May-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152
========================================================================== CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS Percentage Delinquent Based On ------------------------ Current Unpaid Number Of Principal Number Unpaid Loans Balance of Loans Balance --------- ------------- -------- ---------- 30 Days 85 38,488,309.33 9.593679% 10.368532% 60 Days 3 502,625.22 0.338600% 0.135404% 90+ Days 0 0.00 0.000000% 0.000000% Foreclosure 0 0.00 0.000000% 0.000000% REO 0 0.00 0.000000% 0.000000% -- ------------- -------- --------- Totals 88 38,990,934.55 9.932280% 10.503937%
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 241,572.40 ==========================================================================
========================================================================================================================== 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 1.02620106% 98.973799% 0.000000% Class B 0.00 0.00000000% 0.00 0.00000000% 1.026201% 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 - CTS Link Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A. Securities Administration Services Record Date: 30-Apr-2000 7485 New Horizon Way Distribution Date: 22-May-2000 Frederick, MD 21703 Telephone: (301) 815-6600 Facsimile: (301) 846-8152
=========================================================================================== COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.801354% Weighted Average Net Coupon 7.422525% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity (Stepdown Calculation) 286 Beginning Scheduled Collateral Loan Count 896 Number of Loans Paid in Full 10 Ending Scheduled Collateral Loan Count 886 Beginning Scheduled Collateral Balance 377,427,543.09 Ending Scheduled Collateral Balance 371,203,065.57 Ending Actual Collateral Balance at 31-Mar-2000 371,209,295.96 Monthly P&I Constant 2,453,135.74 Class A Optimal Amount 8,288,718.37 Ending Scheduled Balance for Premium Loans 371,203,065.57 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 0.0002% 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 ===========================================================================================