Sequoia Mortgage Funding Corporation Collateralized MBS Funding Bonds, Series 2002-A Monthly Distribution Summary (September 2002)

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a monthly distribution summary for the Sequoia Mortgage Funding Corporation's Collateralized MBS Funding Bonds, Series 2002-A, as of September 30, 2002. It details the interest and principal payments made to bondholders, the performance of underlying mortgage-backed securities, and information on loan delinquencies. The Bank of New York, as trustee, provides this report to inform investors about the cash flows, realized losses, and current balances of the bonds and underlying certificates.

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EX-10.1 3 f84981exv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 The Bank of New York Corporate Trust and Agency Services 5 Penn Plaza, 16th Floor New York, NY 10001 Patricia O'Neil Manella ###-###-#### Distribution Date: September 30, 2002 SEQUOIA MORTGAGE FUNDING CORPORATION COLLATERALIZED MBS FUNDING BONDS, SERIES 2002-A CERTIFICATE MONTHLY DISTRIBUTION SUMMARY
- ------------------------------------------------------------------------------------------- BEGINNING PASS MONTHLY ADDITIONAL INTEREST CLASS CUSIP CERT BALANCE THROUGH INTEREST AMT INTEREST SHORTFALL - ------------------------------------------------------------------------------------------- A-1 81743UAA3 58,764,251.68 2.411250% 118,079.49 0.00 0.00 - ------------------------------------------------------------------------------------------- A-2 81743UAB1 14,960,596.62 2.561250% 31,931.52 0.00 0.00 - ------------------------------------------------------------------------------------------- Total 73,724,848.30 150,010.94 0.00 0.00 - -------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------- INTEREST PRINCIPAL TOTAL REALIZED ENDING CERT CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION LOSSES BALANCE - ----------------------------------------------------------------------------------- A-1 118,079.42 1,384,962.71 - ----------------------------------------------------------------------------------- A-2 31,931.52 509,192.32 - ----------------------------------------------------------------------------------- Total 150,010.94 - -----------------------------------------------------------------------------------
CURRENT PAYMENT INFORMATION FACTORS PER $1.000
- ----------------------------------------------------------------------------------------------------------------------- ORIGINAL CERT BEGINNING INTEREST PRINCIPAL ENDING CURRENT PASS CLASS CUSIP BALANCE FACTOR FACTOR FACTOR FACTOR THROUGH - ----------------------------------------------------------------------------------------------------------------------- A-1 81743UAA3 64,761,000.00 907.401857366 ###-###-#### ###-###-#### ###-###-#### 2.411250% A-2 81743UAB1 15,861,000.00 943.231613330 ###-###-#### 32.103418568 ###-###-#### 2.561250% - ----------------------------------------------------------------------------------------------------------------------- Total 80,622,000.00 914.450749224 1.860670061 ###-###-#### ###-###-#### - -----------------------------------------------------------------------------------------------------------------------
UNDERLYING CERTIFICATES MONTHLY DISTRIBUTION - GROUP I
- ------------------------------------------------------------------------------------- ORIGINAL BEGINNING PASS INTEREST SERIES CLASS BALANCE BALANCE THROUGH DISTRIBUTION - ------------------------------------------------------------------------------------- CWMBS 94K A1 123,119,000.00 2,457,355.05 5.207786% 10,664.48 DLJMA 93-Q18 1A1 51,833,000.00 486,069.75 5.775858% 2,339.56 DLJMA 94-2A 1A1 85,787,000.00 1,195,076.50 6.206657% 6,181.19 ONE 00-2 2A 152,653,000.00 9,674,807.48 5,851288% 47,175.07 RYMS3 92-B 1A2 7,712,906.00 5,130,640.42 6.296196% 26,919.60 SBM7 94-2 A1 49,384,000.00 1,693,295.15 5.603778% 7,907.37 SMS 91-K A1 110,588,063.00 1,808,896.56 4.883663% 7,361.70 SMS 91-K A3 1,917,855.00 1,182,202.27 5.173663% 5,096.93 EAGLE 98-1 M1 46,029,000.00 20,952,314.61 2.810000% 49,063.33 INMC 94-R M2 4,620,000.00 3,133,132.32 6.024684% 15,730.11 INMC 94-V B1 3,618,000.00 1,989,336.79 6.335102% 10,502.21 INMC 94-X B1 2,769,000.00 1,902,876.70 6.328761% 10,035.71 INMC 95-C B1 12,828,797.00 4,923,165.47 6.256565% 25,668.42 INMC 95-T A2 65,695,250.00 2,889,581.22 5.678990% 13,674.92 - ------------------------------------------------------------------------------------- Total 718,554,901.00 59,418,750.29 238,320.61 - -------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------- PRINCIPAL TOTAL REALIZED INTEREST ENDING SERIES DISTRIBUTION DISTRIBUTION LOSSES SHORTFALL BALANCE - ---------------------------------------------------------------------------------------- CWMBS 94K 188,809.54 199,474.03 0.00 0.00 2,268,545.50 DLJMA 93-Q18 1,045.70 3,385.26 0.00 0.00 485,024.05 DLJMA 94-2A 55,320.28 61,501.47 0.00 0.00 1,139,756.22 ONE 00-2 446,438.25 493,613.32 0.00 0.00 9,228,369.23 RYMS3 92-B 105,548.64 132,468.24 0.00 0.00 5,025,091.78 SBM7 94-2 138,964.05 146,871.42 0.00 0.00 1,554,331.10 SMS 91-K 109,463.48 116,825.18 0.00 0.00 1,699,433.09 SMS 91-K 20,482.82 25,579.75 0.00 0.00 1,161,719.45 EAGLE 98-1 0.00 49,063.33 0.00 0.00 20,952,314.61 INMC 94-R 7,301.78 23,031.89 0.00 0.00 3,125,830.54 INMC 94-V 74,650.16 85,152.37 0.00 0.00 1,914,686.63 INMC 94-X 86,046.58 96,082.29 0.00 0.00 1,816,830.12 INMC 95-C 146,262.19 171,930.61 0.00 0.00 4,776,903.28 INMC 95-T 4,629.25 18,304.17 0.00 0.00 2,884,951.97 - ---------------------------------------------------------------------------------------- Total 1,384,962.71 1,623,283.32 0.00 0.00 58,033,787.58 - ----------------------------------------------------------------------------------------
UNDERLYING CERTIFICATES MONTHLY DISTRIBUTION - GROUP II
- --------------------------------------------------------------------------------------- ORIGINAL BEGINNING PASS INTEREST SERIES CLASS BALANCE BALANCE THROUGH DISTRIBUTION - --------------------------------------------------------------------------------------- GRCAP 94-HM4 A1 245,813,000.00 571,696.08 6.495955% 3,094.76 INMC 95-E B1 4,608,492.00 3,089,031.81 6.447236% 16,596.43 PMLT 99-A M1 2,914,000.00 2,914,000.00 2.800394% 6,800.29 RTC 95-2 A3 119,696,000.00 8,547,022.69 4.772329% 33,991.01 - --------------------------------------------------------------------------------------- Total 373,031,492.00 15,121,750.58 60,482.49 - ---------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------- PRINCIPAL TOTAL REALIZED INTEREST ENDING SERIES DISTRIBUTION DISTRIBUTION LOSSES SHORTFALL BALANCE - -------------------------------------------------------------------------------------- GRCAP 94-HM4 23,371.58 26,466.34 0.00 0.00 548,324.50 INMC 95-E 4,953.83 21,550.26 0.00 0.00 3,084,077.98 PMLT 99-A 195,054.23 201,854.52 0.00 0.00 2,718,945.77 RTC 95-2 285,812.68 319,803.68 0.00 0.00 8,261,210.02 - -------------------------------------------------------------------------------------- Total 509,192.32 569,674.81 0.00 0.00 14,612,558.26 - --------------------------------------------------------------------------------------
UNDERLYING POOL DELINQUENT INFORMATION BY GROUP
- --------------------------------------------------------------------------------------------- LOANS OUTSTANDING DELINQUENT 30-59 DAYS DELINQUENT 60-89 DAYS SERIES BALANCE NO. BALANCE NO. BALANCE - --------------------------------------------------------------------------------------------- CWMBS 94K 10,323,337.96 1 293,251.69 1 185,375.01 DLJMA 93-Q18(1) 4,307,022.83 1 101,504.47 0 0.00 DLJMA 94-2A(1) 1,851,733.60 0 0.00 0 0.00 ONE 00-2(2) 503,644,175.00 65 5,581,942.00 11 1,160,820.00 RYMS3 92-B(2) 24,703,454.09 17 819,073.10 4 219,925.43 SBM7 94-2(2) 5,789,490.59 4 747,403.24 0 0.00 SMS 91-K 5,856,813.95 0 0.00 2 282,488.67 EAGLE 98-1 39,509,675.72 23 2,075,063.54 7 661,775.68 INMC 94-R 9,597,025.98 3 317,547.49 0 0.00 INMC 94-V 8,567,330.02 4 430,324.69 0 0.00 INMC 94-X 8,713,404.36 2 192,619.37 0 0.00 INMC 95-C 9,465,270.08 6 604,104.04 3 486,286.13 INMC 95-T(2) 8,441,230.01 5 446,692.74 0 0.00 - --------------------------------------------------------------------------------------------- Total 640,769,964.19 131 11,609,627.37 28 2,996,650.92 - ---------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------- DELINQUENT 90+ DAYS FORECLOSURE REO REALIZED LOSSES SERIES NO. BALANCE NO. BALANCE NO. BALANCE CURR. AMOUNT - -------------------------------------------------------------------------------------------------------------- CWMBS 94K 2 410,073.94 1 242,498.01 0 0.00 0.00 DLJMA 93-Q18(1) 1 59,936.99 1 78,186.92 1 30,083.18 0.00 DLJMA 94-2A(1) 0 0.00 0 0.00 0 0.00 0.00 ONE 00-2(2) 15 4,323,531.00 20 2,524,788.00 0 0.00 0.00 RYMS3 92-B(2) 6 430,439.45 3 82,981.61 2 140,558.93 0.00 SBM7 94-2(2) 0 0.00 1 127,352.70 0 0.00 0.00 SMS 91-K 0 0.00 1 208,149.78 0 0.00 0.00 EAGLE 98-1 22 2,359,222.43 29 3,207,119.67 24 3,053,270.55 226,797.50 INMC 94-R 1 55,162.92 2 771,388.53 0 0.00 43.49 INMC 94-V 2 189,757.90 1 71,317.48 0 0.00 0.00 INMC 94-X 2 190,119.14 3 839,809.86 0 0.00 0.00 INMC 95-C 0 0.00 4 430,754.16 0 0.00 0.00 INMC 95-T(2) 0 0.00 2 458,811.92 0 0.00 0.00 - -------------------------------------------------------------------------------------------------------------- Total 51 8,018,243.77 68 9,043,158.64 27 3,222,912.66 226,840.99 - --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------- LOANS OUTSTANDING DELINQUENT 30-59 DAYS DELINQUENT 60-89 DAYS SERIES BALANCE NO. BALANCE NO. BALANCE - --------------------------------------------------------------------------------------------- GRCAP 94-HM4 7,590,774.64 4 572,231.03 1 125,805.88 INMC 95-E 15,695,537.81 9 2,023,798.97 1 246,642.95 PMLT 99-A 41,823,548.67 36 2,873,374.39 11 715,477.07 RTC 95-2(1) 24,643,524.33 7 493,939.00 4 471,282.08 - --------------------------------------------------------------------------------------------- Total 89,753,385.45 56 5,963,343.39 17 1,559,207.98 - --------------------------------------------------------------------------------------------- Total All 730,523,349.64 187 17,572,970.76 45 4,555,858.90 - ---------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------- DELINQUENT 90+ DAYS FORECLOSURE REO REALIZED LOSSES SERIES NO. BALANCE NO. BALANCE NO. BALANCE CURR. AMOUNT - -------------------------------------------------------------------------------------------------------------- GRCAP 94-HM4 0 0.00 1 45,596.39 0 0.00 0.00 INMC 95-E 4 383,136.63 3 323,468.88 2 67,033.00 -1,185.75 PMLT 99-A 4 288,991.84 23 2,234,086.32 2 91,728.40 0.00 RTC 95-2(1) 6 481,532.22 3 159,064.47 0 0.00 0.00 - -------------------------------------------------------------------------------------------------------------- Total 14 1,153,660.69 30 2,762,216.06 4 158,761.40 -1,185.75 - -------------------------------------------------------------------------------------------------------------- Total All 65 9,171,904.46 98 11,805,374.70 31 3,381,674.06 225,655.24 - --------------------------------------------------------------------------------------------------------------
(1) Information shown for the Underlying Mortgage Loans for this Pooled Security is based on the Underlying Mortgage Loan group related to such Pooled Security only. (2) Information shown for the Underlying Mortgage Loans for this Pooled Security is based on all the Underlying Mortgage Loan groups in the related series. CERTIFICATE ACCOUNT INFORMATION
- -------------------------------------------------------------------------------------------------------------------------------- WITHDRAWALS ENDING GROUP BEGINNING BALANCE FUNDS DEPOSITED TRUSTEE FEE MANAGEMENT FEE AVAILABLE FUNDS FUNDS DISTRIBUTED BALANCE - -------------------------------------------------------------------------------------------------------------------------------- I 0.00 1,623,283.32 1,485.47 0.00 1,621,797.85 1,503,042.13 118,755.72 II 0.00 569,674.81 378.04 0.00 569,296.76 541,123.85 28,172.92 ----- ---- ------------ -------- ---- ------------ ------------ ---------- Total 0.00 2,192,958.13 1,863.51 0.00 2,191,094.62 2,044,165.98 146,928.64 ----- ---- ------------ -------- ---- ------------ ------------ ----------
- ------------------------------------------------------------------------------------------------------------------- ADDITIONAL REPORTING ITEMS POOL I POOL II TOTAL - ------------------------------------------------------------------------------------------------------------------- 2.15(a) Available Interest 238,320.61 60,482.49 298,803.09 - ------------------------------------------------------------------------------------------------------------------- Available Principal 1,384,962.71 509,192.32 1,894,155.03 - ------------------------------------------------------------------------------------------------------------------- 2.15(b) Monthly Interest Amt. see p. 1 - ------------------------------------------------------------------------------------------------------------------- 2.15(c) Carryforward Interest 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------- 2.15(d) Principal Paid see p. 1 - ------------------------------------------------------------------------------------------------------------------- 2.15(e) Class Print Amts. see p. 1 - ------------------------------------------------------------------------------------------------------------------- 2.15(f) Beginning Actual OC 1.1015% 1.0657% - ------------------------------------------------------------------------------------------------------------------- Ending Actual OC 1.1278% 1.1028% - ------------------------------------------------------------------------------------------------------------------- 2.15(g) 2nd preceding pool bal 698,833,064.12 96,995,074.16 795,828,138.28 - ------------------------------------------------------------------------------------------------------------------- 2.15(h) Required OC 2.7000% 2.0000% - ------------------------------------------------------------------------------------------------------------------- 2.15(i) Has Step-up Occurred? No No - ------------------------------------------------------------------------------------------------------------------- 2.15(k) Monies Deposited to Reserve Fund 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------- 2.15(l) Amts. Dist. to Investor Certificateholders 118,755.72 28,172.92 146,928.64 - -------------------------------------------------------------------------------------------------------------------
Note: Management Fee is to be paid on an annual basis. This month's Fee together with last month's annualized amount equals the full annual Fee.