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

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Summary

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

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EX-10.1 2 f68917ex10-1.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-Dec-2000 Securities Administration Services Distribution Date: 22-Jan-2001 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 24-Jan-2001 10:39:48AM Fax: (301) 846-8152 SMT SERIES 2000-4 Certificateholder Distribution Summary
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ -------------- -------------- -------------- -------------- -------------- A 81743TAA6 SEQ 7.02375 % 325,291,737.27 1,903,973.20 B SMT00004B SUB 7.91375 % 3,809,289.81 25,121.47 C SMT00004C IO 0.00000 % 0.00 253,496.81 R-UT SMT00004R RES 0.00000 % 0.00 0.00 R-LT SMT0004RL RES 0.00000 % 0.00 0.00 -------------- ------------ Totals 329,101,027.08 2,182,591.48
Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses - ------ -------------- -------------- -------------- -------------- -------------- A 7,156,277.40 0.00 318,135,459.87 9,060,250.60 0.00 B 0.00 0.00 3,809,289.81 25,121.47 0.00 C 0.00 0.00 0.00 253,496.81 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 7,156,277.40 0.00 321,944,749.68 9,338,868.88 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 - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Dec-2000 Securities Administration Services Distribution Date: 22-Jan-2001 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 24-Jan-2001 10:39:48AM Fax: (301) 846-8152 SMT SERIES 2000-4 Principal Distribution Statement
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ----- -------------- -------------- ------------ ------------- --------- A 377,119,000.00 325,291,737.27 0.00 7,156,277.40 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 380,928,982.43 329,101,027.08 0.00 7,156,277.40 0.00
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution - ----- ---------- ------------ -------------- ---------- ------------ A 0.00 7,156,277.40 318,135,459.87 0.84359436 7,156,277.40 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 7,156,277.40 321,944,749.68 0.84515688 7,156,277.40
(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 - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Dec-2000 Securities Administration Services Distribution Date: 22-Jan-2001 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 24-Jan-2001 10:39:48AM Fax: (301) 846-8152 SMT SERIES 2000-4 Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion - --------- -------------- ------------ ---------- ----------- ---------- A 377,119,000.00 862.57053416 0.00000000 18.97617834 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 Total Realized Principal Certificate Certificate Principal Class (2) Loss (3) Reduction Balance Percentage Distribution - --------- ---------- ----------- ------------ ---------- ----------- A 0.00000000 18.97617834 843.59435581 0.84359436 18.97617834 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) 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. 4 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Dec-2000 Securities Administration Services Distribution Date: 22-Jan-2001 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 24-Jan-2001 10:39:48AM Fax: (301) 846-8152 SMT SERIES 2000-4 Interest Distribution Statement
Beginning Original Current Certificate/ Current Payment of Face Certificate Notional Accrued Unpaid Class Amount Rate Balance Interest Interest ----- -------------- ----------- -------------- ------------ ------------- A 377,119,000.00 7.02375 % 325,291,737.27 1,903,973.20 0.00 B 3,809,982.43 7.91375 % 3,809,289.81 25,121.47 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 1,929,094.67 0.00
Remaining Ending Current Non-Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notional Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance ----- --------- ------------- -------- ------------ ------------ -------------- A 0.00 0.00 0.00 1,903,973.20 0.00 318,135,459.87 B 0.00 0.00 0.00 25,121.47 0.00 3,809,289.81 C 0.00 0.00 0.00 253,496.81 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 2,182,591.48 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 - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 31-Dec-2000 Securities Administration Services Distribution Date: 22-Jan-2001 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 24-Jan-2001 10:39:48AM Fax: (301) 846-8152 SMT SERIES 2000-4 Interest Distribution Factors Statement
Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall ----- -------------- ----------- -------------- ------------ ------------- --------- A 377,119,000.00 7.02375 % 862.57053416 5.04873316 0.00000000 0.00000000 B 3,809,982.43 7.91375 % 999.81820914 6.59359209 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
Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class (5) Shortfall Loss (6) Distribution Shortfall Balance ----- ------------- -------- ------------ ------------ -------------- A 0.00000000 0.00000000 5.04873316 0.00000000 843.59435581 B 0.00000000 0.00000000 6.59359209 0.00000000 999.81820914 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) 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: 31-Dec-2000 Securities Administration Services Distribution Date: 22-Jan-2001 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 24-Jan-2001 10:39:48AM Fax: (301) 846-8152 SMT SERIES 2000-4 Certificateholder Account Statement CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,443,755.14 Liquidations, Insurance Proceeds, Reserve Funds 52.04 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 32,831.09 Realized Losses 0.00 ------------ Total Deposits 9,476,638.27 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 137,769.39 Payment of Interest and Principal 9,338,868.88 ------------ Total Withdrawals (Pool Distribution Amount) 9,476,638.27 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 102,239.32 Trustee Fee 1,645.51 AMBAC Premium 33,884.56 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 137,769.39 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------ ------- ----------- -------- ------- Reserve Fund 10,000.00 52.04 52.04 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: 31-Dec-2000 Securities Administration Services Distribution Date: 22-Jan-2001 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 24-Jan-2001 10:39:48AM Fax: (301) 846-8152 SMT SERIES 2000-4 Loan Status Stratification/Credit Enhancement Statement DELINQUENT
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 30 Days 13 3,935,992.41 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 839,975.00 ------------ ------------ 14 4,775,967.41
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 30 Days 1.658163% 1.222568% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% ------------ ------------ 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.127551% 0.260907% ------------ ------------ 1.785714% 1.483474%
BANKRUPTCY
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------------ ------------ 0 0.00
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 0-29 Days 0.000 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% ------------ ------------ 120 Days 0.0000 0.000000% 150 Days 0.0000 0.000000% 180+ Days 0.0000 0.000000% ------------ ------------ 0.000000% 0.000000%
FORECLOSURE
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------------ ------------ 0 0.00
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% ------------ ------------ 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------ ------------ 0.000000% 0.000000%
REO
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------------ ------------ 0 0.00
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% ------------ ------------ 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------ ------------ 0.000000% 0.000000%
TOTAL
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 0-29 Days 0 0.00 30 Days 13 3,935,992.41 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 839,975.00 ------------ ------------ 14 4,775,967.41
NO. OF PRINCIPAL LOANS BALANCE ------------ ------------ 0-29 Days 0.000000% 0.000000% 30 Days 1.658163% 1.222568% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% ------------ ------------ 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.127551% 0.260907% ------------ ------------ 1.785714% 1.483474%
(7) DELINQUENCIES ARE STRATIFIED ACCORDING TO THE INFORMATION THE SERVICER HAS PROVIDED. 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 32,831.09
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 1.18321228 % 98.816788 % 0.000000 % Class B 0.00 0.00000000 % 0.00 0.00000000 % 1.183212 % 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: 31-Dec-2000 Securities Administration Services Distribution Date: 22-Jan-2001 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 24-Jan-2001 10:39:48AM Fax: (301) 846-8152 SMT SERIES 2000-4 COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 8.460535% Weighted Average Net Coupon 8.081740% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity (Stepdown Calculation) 278 Beginning Scheduled Collateral Loan Count 801 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 784 Beginning Scheduled Collateral Balance 329,101,027.07 Ending Scheduled Collateral Balance 321,944,749.67 Ending Actual Collateral Balance at 31-Dec-2000 321,944,749.78 Monthly P&I Constant 2,319,838.00 Class A Optimal Amount 9,094,135.16 Ending Scheduled Balance for Premium Loans 321,944,749.67 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 0.00260% 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