Sequoia Mortgage Trust SMT Series 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 SMT Series 2000-4 Mortgage Pass-Through Certificates, administered by Wells Fargo Bank Minnesota, N.A. It details the amounts distributed to each class of certificateholders, the remaining balances, and any realized losses as of the September 30, 2000 record date. The distributions are made according to the Pooling and Servicing Agreement, and no losses or interest shortfalls were reported for this period.

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EX-10.1 2 f67375ex10-1.txt EXHIBIT 10.1 1 EXHIBIT 10.1 [INSERT PDF FILE] 2 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Sep-2000 Securities Administration Services Distribution Date: 23-Oct-2000 7485 New Horizon Way 20-Oct-2000 3:06:37PM Frederick, MD 21703 Telephone: (301) 815-6600 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 6.98063% 341,250,977.05 1,985,122.34 B SMT00004B SUB 7.87063% 3,809,289.81 24,984.59 C SMT00004C IO 0.00000% 0.00 264,452.68 R-UT SMT00004R RES 0.00000% 0.00 0.00 R-LT SMT0004RL RES 0.00000% 0.00 0.00 Totals 345,060,266.86 2,274,559.61
Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses ----- ------------ ---- ------- ------------ ------ A 3,116,930.62 0.00 338,134,046.43 5,102,052.96 0.00 B 0.00 0.00 3,809,289.81 24,984.59 0.00 C 0.00 0.00 0.00 264,452.68 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 3,116,930.62 0.00 341,943,336.24 5,391,490.23 0.00
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. 3 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Sep-2000 Securities Administration Services Distribution Date: 23-Oct-2000 7485 New Horizon Way 20-Oct-2000 3:06:37PM Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152 SMT SERIES 2000-4 Principal Distribution Statement
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ----- ------ ------- ------------ ------------ --------- -------- A 377,119,000.00 341,250,977.05 0.00 3,116,930.62 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 380,928,982.43 345,060,266.86 0.00 3,116,930.62 0.00 0.00
Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ A 3,116,930.62 338,134,046.43 0.89662427 3,116,930.62 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 3,116,930.62 341,943,336.24 0.89765639 3,116,930.62
(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 4 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Sep-2000 Securities Administration Services Distribution Date: 23-Oct-2000 7485 New Horizon Way 20-Oct-2000 3:06:37PM Frederick, MD 21703 Telephone: (301) 815-6600 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 377,119,000.00 904.88937723 0.00000000 8.26511160 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 8.26511160 896.62426563 0.89662427 8.26511160 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. 5 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Sep-2000 Securities Administration Services Distribution Date: 23-Oct-2000 7485 New Horizon Way 20-Oct-2000 3:06:37PM Frederick, MD 21703 Telephone: (301) 815-6600 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 6.98063% 341,250,977.05 1,985,122.34 0.00 B 3,809,982.43 7.87063% 3,809,289.81 24,984.59 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 2,010,106.93 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 1,985,122.34 0.00 338,134,046.43 B 0.00 0.00 0.00 24,984.59 0.00 3,809,289.81 C 0.00 0.00 0.00 264,452.68 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 2,274,559.61 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. 6 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Sep-2000 Securities Administration Services Distribution Date: 23-Oct-2000 7485 New Horizon Way 20-Oct-2000 3:06:37PM Frederick, MD 21703 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 6.98063% 904.88937723 5.26391494 0.00000000 B 3,809,982.43 7.87063% 999.81820914 6.55766541 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 5.26391494 0.00000000 896.62426563 B 0.00000000 0.00000000 0.00000000 6.55766541 0.00000000 999.81820914 C 0.00000000 0.00000000 0.00000000 0.00000000 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. 7 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Sep-2000 Securities Administration Services Distribution Date: 23-Oct-2000 7485 New Horizon Way 20-Oct-2000 3:06:37PM Frederick, MD 21703 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 5,472,159.12 Liquidations, Insurance Proceeds, Reserve Funds 50.67 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 63,779.24 Realized Losses 0.00 ------------ Total Deposits 5,535,989.03 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 144,498.80 Payment of Interest and Principal 5,391,490.23 ------------ Total Withdrawals (Pool Distribution Amount) 5,535,989.03 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 107,226.52 Trustee Fee 1,725.30 AMBAC Premium 35,546.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 144,498.80 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- Reserve Fund 10,000.00 0.00 50.67 10,000.00 Financial Guaranty 0.00 0.00 0.00 0.00
8 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Sep-2000 Securities Administration Services Distribution Date: 23-Oct-2000 7485 New Horizon Way 20-Oct-2000 3:06:37PM Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152 SMT SERIES 2000-4 Loan Status Stratification/Credit Enhancement Statement DELINQUENT
NO. OF PRINCIPAL LOANS BALANCE 30 Days 13 8,177,213.07 60 Days 1 243,938.53 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 839,975.00 -- ------------ 15 9,261,126.60
NO. OF PRINCIPAL LOANS BALANCE 30 Days 1.573850% 2.391394% 60 Days 0.121065% 0.071339% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.121065% 0.245647% -------- -------- 1.815981% 2.708380%
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 0.000000% 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%
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 8,177,213.07 60 Days 1 243,938.53 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 839,975.00 -- ------------ 15 9,261,126.60
NO. OF PRINCIPAL LOANS BALANCE 0-29 Days 0.000000% 0.000000% 30 Days 1.573850% 2.391394% 60 Days 0.121065% 0.071339% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.121065% 0.245647% -------- -------- 1.815981% 2.708380%
(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 63,779.24
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 1.11401200% 98.885988% 0.000000% Class B 0.00 0.00000000% 0.00 0.00000000% 1.114012% 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 71 9 Sequoia Mortgage Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Sep-2000 Securities Administration Services Distribution Date: 23-Oct-2000 7485 New Horizon Way 20-Oct-2000 3:06:37PM Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152 SMT SERIES 2000-4 COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 0.000000% Weighted Average Net Coupon 8.033750% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity (Stepdown Calculation) 281 Beginning Scheduled Collateral Loan Count 837 Number of Loans Paid in Full 11 Ending Scheduled Collateral Loan Count 826 Beginning Scheduled Collateral Balance 345,060,266.87 Ending Scheduled Collateral Balance 341,943,336.25 Ending Actual Collateral Balance at 30-Sep-2000 341,943,336.20 Monthly P&I Constant 2,419,058.41 Class A Optimal Amount 5,137,599.94 Ending Scheduled Balance for Premium Loans 341,943,336.25 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 0.00487% 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