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

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a monthly distribution statement for the Sequoia Mortgage Trust Series 2000-4, administered by Wells Fargo Bank Minnesota, N.A. It details the payments of principal and interest made to holders of mortgage pass-through certificates as of January 31, 2001, with distributions occurring on February 22, 2001. The statement outlines the amounts distributed to each class of certificateholders, the remaining balances, and any realized losses. All calculations are performed in accordance with the Pooling and Servicing Agreement governing the trust.

View More
EX-10.1 2 f71098ex10-1.txt MONTHLY PAYMENT DATE STATEMENT 1 EXHIBIT 10.1 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Jan-2001 Securities Administration Services Distribution Date: 22-Feb-2001 7845 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
19-Feb-2001 2:45:38PM SMT SERIES 2000-4 Certificateholder Distribution Summary
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ---------------------------------------------------------------------------------------------------------------------- A 81743TAA6 SEQ 6.19625% 318,135,459.87 1,642,705.70 7,408,382.21 B SMT00004B SUB 7.08625% 3,809,289.81 22,494.65 0.00 C SMT00004C IO 0.00000% 0.00 488,583.03 0.00 R-UT SMT00004R RES 0.00000% 0.00 0.00 0.00 R-LT SMT0004RL RES 0.00000% 0.00 0.00 0.00 ============== ============ ============ Totals 321,944,749.68 2,153,783.38 7,408,382.21 Current Ending Cumulative Realized Certificate Total Realized Loss Balance Distribution Losses - -------------------------------------------------------------------------------- 0.00 310,727,077.66 9,051,087.91 0.00 0.00 3,809,289.80 22,494.65 0.00 0.00 0.00 488,583.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ==== ============== ============ ==== 0.00 314,536,367.46 9,562,165.59 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: 31-Jan-2001 Securities Administration Services Distribution Date: 22-Feb-2001 7845 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
19-Feb-2001 2:45:38PM 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 377,119,000.00 318,135,459.87 0.00 7,408,382.21 0.00 0.00 7,408,382.21 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 380,928,982.43 321,944,749.68 0.00 7,408,382.21 0.00 0.00 7,408,382.21 Ending Ending Total Certificate Certificate Principal Balance Percentage Distribution - --------------------------------------------------------- 310,727,077.66 0.82394968 7,408,382.21 3,809,289.80 0.99981821 0.00 0.00 0.00000000 0.00 0.00 0.00000000 0.00 0.00 0.00000000 0.00 ============== ========== ============ 314,536,367.46 0.82570868 7,408,382.21
(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. Page 2 3 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Jan-2001 Securities Administration Services Distribution Date: 22-Feb-2001 7845 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
19-Feb-2001 2:45:38PM 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 377.119.000.00 843.59435581 0.00000000 19.64468035 0.00000000 0.00000000 19.64468035 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 Balance Percentage Distribution - --------------------------------------------------------- 823.94967546 0.82394968 19.64468035 999.81820651 0.99981821 0.00000000 0.00000000 0.00000000 0.00000000 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 Description. Page 3 4 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Jan-2001 Securities Administration Services Distribution Date: 22-Feb-2001 7845 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
19-Feb-2001 2:45:38PM SMT SERIES 2000-4 Interest Distribution Statement
Beginning Original Current Certificate/ Current Payment of Current Face Certificate Notional Accrued Unpaid Interest Class Amount Rate Balance Interest Interest Shortfall - -------------------------------------------------------------------------------------------------------------------------------- A 377,119,000.00 6.19625% 318,135,459.87 1,642,705.70 0.00 0.00 B 3,809,982.43 7.08625% 3,809,289.81 22,494.65 0.00 0.00 C 0.00 0.00000% 0.00 0.00 0.00 0.00 R-UT 0.00 0.00000% 0.00 0.00 0.00 0.00 R-LT 0.00 0.00000% 0.00 0.00 0.00 0.00 ============== ============ ==== ==== Totals 380,928,982.43 1,665,200.35 0.00 0.00 Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Shortfall Loss(4) Distribution Shortfall Balance - ------------------------------------------------------------------------------- 0.00 0.00 1,642,705.70 0.00 310,727,077.66 0.00 0.00 22,494.65 0.00 3,809,289.80 0.00 0.00 488,583.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ==== ==== ============ ==== 0.00 0.00 2,153,783.38 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: 31-Jan-2001 Securities Administration Services Distribution Date: 22-Feb-2001 7845 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
19-Feb-2001 2:45:38PM SMT SERIES 2000-4 Interest Distribution Factors Statement
Beginning Payment of Original Current Certificate/ Current Unpaid Current Non-Supported Face Certificate Notional Accrued Interest Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall - ---------------------------------------------------------------------------------------------------------------------------------- A 377,119,000.00 6.19625 % 843.59435581 4.35593460 0.00000000 0.00000000 0.00000000 B 3,809,982.43 7.08625 % 999.81820914 5.90413484 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 Loss(4) Distribution Shortfall Balance - ------------------------------------------------------------- 0.00000000 4.35593460 0.00000000 823.94967546 0.00000000 5.90413484 0.00000000 999.81820651 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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. Page 5 6 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Jan-2001 Securities Administration Services Distribution Date: 22-Feb-2001 7845 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
19-Feb-2001 2:45:38PM SMT SERIES 2000-4 Certificateholder Account Statement CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,672,323.03 Liquidations, Insurance Proceeds, Reserve Funds 49.01 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 24,545.34 Realized Losses 0.00 ------------- Total Deposits 9,696,917.38 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 134,751.79 Payment of Interest and Principal 9,562,165.59 ------------ Total Withdrawals (Pool Distribution Amount) 9,696,917.38 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 Shortfal 0.00 =========== SERVICING FEES Gross Servicing Fee 100,002.96 Trustee Fee 1,609.72 AMBAC Premium 33,139.11 ----------- Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 134,751.79 ==========
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------------------------- Reserve Fund 10,000.00 49.01 49.01 10,000.00 Financial Guaranty 0.00 0.00 0.00 0.00
Page 6 7 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Jan-2001 Securities Administration Services Distribution Date: 22-Feb-2001 7845 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152 19-Feb-2001 2:45:38PM
SMT SERIES 2000-4 Loan Status Stratification/Credit Enhancement Statement DELINQUENT BANKRUPTCY FORECLOSURE --------------------------------------------------------------------------------------------------------------------------------- NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 30 Days 9 1,853,340.62 30 Days 0 0.00 30 Days 0 0.00 30 Days 60 Days 4 716,276.41 60 Days 0 0.00 60 Days 0 0.00 60 Days 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 180+ Days 1 839,975.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days -------- ------------ ------ ------ ------ ------ 14 3,409,592.03 0 0.00 0 0.00 NO. OF PRINCIPAL NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE LOANS BALANCE 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 30 Days 1.167315% 0.589229% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 60 Days 0.518807% 0.227725% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 180+ Days 0.129702% 0.267052% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days --------- --------- --------- --------- --------- --------- 1.815824% 1.084006% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------------------------------------------------------ NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 9 1,853,340.62 60 Days 0 0.00 60 Days 4 716,276.41 90 Days 0 0.00 90 Days 0 0.00 120 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 1 839,975.00 ------ -------- ---- ------------- 0 0.00 14 3,409,592.03 NO. OF PRINCIPAL NO. OF PRINCIPAL LOANS BALANCE LOANS BALANCE 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 1.167315% 0.589229% 60 Days 0.000000% 0.000000% 60 Days 0.518807% 0.227725% 90 Days 0.000000% 0.000000% 90 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% 180+ Days 0.000000% 0.000000% 180+ Days 0.129702% 0.267052% --------- --------- --------- --------- 0.000000% 0.000000% 1.815824% 1.084006% (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 24,545.34 Current Period Class A Insufficient Funds 0.00
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% 3,809,289.80 1.21108088% 98.788919% 0.000000 % Class B 0.00 0.00000000% 0.00 0.00000000% 1.211081% 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
Page 7 8 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Jan-2001 Securities Administration Services Distribution Date: 22-Feb-2001 7845 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152 19-Feb-2001 2:45:38PM SMT Series 2000-4 - ------------------------------------------------------------------------------- COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 8.529983% Weighted Average Net Coupon 8.157237% Weighted Average Pass-Through Rate 8.151236% Weighted Average Maturity (Stepdown Calculation) 277 Beginning Scheduled Collateral Loan Count 784 Number of Loans Paid in Full 13 Ending Scheduled Collateral Loan Count 771 Beginning Scheduled Collateral Balance 321,944,749.67 Ending Scheduled Collateral Balance 314,536,367.46 Ending Actual Collateral Balance at 31-Jan-2001 314,536,367.56 Monthly P&I Constant 2,287,569.24 Class A Optimal Amount 9,084,227.02 Ending Scheduled Balance for Premium Loans 314,536,367.46 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 3,809,289.80 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00 - ------------------------------------------------------------------------------- Serious Delinquencies 0.00278% Floor Amount 2,856,967.37 Excess Cash Flow Principal Amount ( Current / Cummulative) 0.00 / 0.00 Required Payment 0.00 Preference Amount 0.00 Alternate Certificate Rate Used? NO Specified OC 3,809,289.82 - -------------------------------------------------------------------------------
Page 8