Sequoia Mortgage Trust 6 Collateralized Mortgage Bonds June 2002 Bond Payment Report (Redwood Trust, Deutsche Bank, Cendant Mortgage, Greenwich Capital, Bear Stearns)
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Summary
This document is a bond payment report for Sequoia Mortgage Trust 6, detailing the June 19, 2002 distribution of payments to holders of collateralized mortgage bonds. The report lists the principal and interest payments made to each bond class, the remaining balances, and other payment details. Key parties include Redwood Trust (seller), Deutsche Bank (administrator), Cendant Mortgage Corporation (servicer), and underwriters Greenwich Capital Markets and Bear, Stearns & Co. The report provides transparency on the trust's financial distributions and outstanding obligations as of the specified date.
EX-10.1 3 f83244exv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACTS - -------------------------------------------------------------------------------- Administrator: Kumar X. Khambhaita Direct Phone No: (714) 247-6327 Address: Deutsche Bank 1761 E. St. Andrew Place Santa Ana, CA 92705 Web Site: http://www-apps.gis.deutsche-bank.com/invr Factor Information: (800) 735-7777 Main Phone No: (714) 247-6000 - -------------------------------------------------------------------------------- ISSUANCE INFORMATION - --------------------------------------------------------------------------------------------------------------
SEQUOIA MORTGAGE TRUST 6 COLLATERALIZED MORTGAGE BONDS BOND PAYMENT REPORT FOR JUNE 19, 2002 DISTRIBUTION
- -------------------------------------------------------------------------------- COLLECTION ACCOUNT REPORT - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- CREDIT ENHANCEMENT REPORT - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- COLLATERAL REPORT - --------------------------------------------------------------------------------
Note: Original information refers to deal issue.
- -------------------------------------------------------------------------------- DELINQUENCY REPORT - TOTAL - --------------------------------------------------------------------------------
Note: Current = 0-29 days, 1 Payment = 30-59 days, 2 Payments = 60-89 days, 3+ Payments = 90+ - -------------------------------------------------------------------------------- REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION - --------------------------------------------------------------------------------
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
- -------------------------------------------------------------------------------- FORECLOSURE REPORT - MORTGAGE LOANS THAT BECOME FORECLOSURE DURING CURRENT DISTRIBUTION - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS - -------------------------------------------------------------------------------- VOLUNTARY PREPAYMENTS TOTAL - --------------------------------------------------------------------------------
PREPAYMENT CALCULATION METHODOLOGY - -------------------------------------------------------------------------------- Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)(carat)12) PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)](carat)(1/months in period n,m) Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)(carat)12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases. Dates correspond to distribution dates. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION - -------------------------------------------------------------------------------- SUMMARY LOAN GROUP - ------------------------------------------------ ------------------------- Total Loan Count = 10 Loan Group 1 = MSDW Group Total Original Principal Balance = 4,086,862.00 Total Prepayment Amount = 4,069,806.39 - ------------------------------------------------ -------------------------
- -------------------------------------------------------------------------------- REALIZED LOSS REPORT - COLLATERAL - -------------------------------------------------------------------------------- COLLATERAL REALIZED LOSSES TOTAL - --------------------------------------------------------------------------------
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY - -------------------------------------------------------------------------------- Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) Conditional Default Rate (CDR): 1-((1-MDR)(carat)12) SDA Standard Default Assumption: CDR/IF(WAS<61,min(30,was)*0.02,max(0.03,min(30,was)*0.02-0.0095*(was-60))) average mdr over period between nth month and mth month (avgmdrn,m): [(1-mdrn) * (1-mdrn+1) *.......*(1-mdrm)](carat)(1/months in period n,m) average cdr over period between the nth month and mth month (avgcdrn,m): 1-((1-avgmdrn,m)(carat)12) average sda approximation over period between the nth month and mth month: avgcdrn,m/if(avg wasn,m<61,min(30,avg wasn,m)*0.02,max(0.03,min(30,avg wasn,m)*0.02-0.0095*(avg wasn,m-60))) average wasn,m: (wasn + wasn+1 +.......+ wasm )/(number of months in the period n,m) loss severity approximation for current period: sum(realized loss amount)/sum(beg principal balance of liquidated loans) average loss severity approximation over period between nth month and mth month: avg(loss severityn,m) note: default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods. dates correspond to distribution dates. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION - -------------------------------------------------------------------------------- SUMMARY LOAN GROUP - --------------------------------------------- ------------------------- Total Loan Count = 0 Loan Group 1 = MSDW Group Total Original Principal Balance = 0.00 Total Prior Principal Balance = 0.00 Total Realized Loss Amount = 0.00 Total Net Liquidation Proceeds = 0.00 - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT - --------------------------------------------------------------------------------