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

Summary

This document is a monthly distribution summary prepared by The Bank of New York for Sequoia Mortgage Funding Corporation’s Collateralized MBS Funding Bonds, Series 2002-A, as of June 28, 2002. It details the interest and principal payments made to bondholders, the performance of underlying mortgage-backed securities, delinquency and loss information, and account balances. The report outlines the financial status and cash flows for investors and trustees, ensuring transparency in the management and distribution of funds related to the mortgage-backed bonds.

EX-10.1 3 f83246exv10w1.htm EXHIBIT 10.1 exv10w1

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
(212) ###-###-####

Distribution Date: June 28, 2002

SEQUOIA MORTGAGE FUNDING CORPORATION
Collateralized MBS Funding Bonds, Series 2002-A

Certificate Monthly Distribution Summary


			Beginning Cert		Pass			Monthly Interest		Additional		Interest
Class		CUSIP	Balance		Through			Amt		Interest		Shortfall

	A-1	81743UAA3		63,222,497.37		2.440000	%		128,552.41		0.00		371.54
	A-2	81743UAB1		15,663,584.25		2.590000	%		33,807.24		0.00		0.00

Total				78,886,081.62					162,359.65		0.00		371.54

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Interest		Principal		Total		Realized		Ending Cert
Class		Distribution		Distribution		Distribution		Losses		Balance

	A-1		128,552.41		2,007,595.58		2,136,147.99		0.00		61,214,901.79
	A-2		33,807.24		221,982.80		255,790.03		0.00		15,441,601.45

Total			162,359.65		2,229,578.38		2,391,938.03		0.00		76,656,503.25

Current Payment Information

Factors per $1.000

Original Cert

Current Pass

Class

CUSIP

Balance

Beginning Factor

Interest Factor

Principal Factor

Ending Factor

Through

A-1

81743UAA3

64,761,000.00

976 ###-###-####

1 ###-###-####

31.000070736

945 ###-###-####

2.440000

A-2

81743UAB1

15,861,000.00

987 ###-###-####

2.131469391

13 ###-###-####

973 ###-###-####

2.590000

Total

80,622,000.00

978 ###-###-####

2 ###-###-####

27 ###-###-####

950 ###-###-####

Underlying Certificates Monthly Distribution — Group I


				Original		Beginning		Pass			Interest
Series		Class		Balance		Balance		Through			Distribution

CWMBS 94K			A1		123,119,000.00		2,730,993.38		5.211787	%		11,861.13
DLJMA 93-Q18			1A1		51,833,000.00		670,926.45		6.389213	%		3,572.24
DLJMA 94-2A			1A1		85,787,000.00		1,202,192.02		6.924468	%		6,937.12
ONE 00-2			2A		152,653,000.00		10,887,699.64		6.226432	%		56,492.93
RYMS3 92-B			1A2		7,712,906.00		6,086,972.49		6.321880	%		32,067.59
SBM7 94-2			A1		49,384,000.00		1,795,083.13		7.092849	%		10,610.21
SMS 91-K			A1		110,588,063.00		1,967,559.07		5.624371	%		9,221.90
SMS 91-K			A3		1,917,885.00		1,213,789.09		5.914369	%		5,982.33
EAGLE 98-1			M1		46,029,000.00		20,952,314.61		2.840000	%		46,281.34
INMC 94-R			M2		4,620,000.00		3,526,437.89		6.804292	%		19,995.76
INMC 94-V			B1		3,618,000.00		2,065,219.07		6.546662	%		11,266.91
INMC 94-X			B1		2,769,000.00		2,105,807.15		6.487888	%		11,385.20
INMC 95-C			B1		12,828,797.00		5,226,545.62		6.991571	%		30,451.47
INMC 95-T			A2		65,695,250.00		3,445,456.37		6.519992	%		18,720.29

	Total				718,554,901.00		63,876,995.97					274,846.42

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Principal		Total		Realized		Interest		Ending
Series		Distribution		Distribution		Losses		Shortfall		Balance

CWMBS 94K			168,938.41		180,799.55		0.00		0.00		2,562,054.97
DLJMA 93-Q18			54,625.64		58,197.89		0.00		0.00		616,300.81
DLJMA 94-2A			2,286.80		9,223.91		0.00		0.00		1,199,905.22
ONE 00-2			349,437.27		405,930.21		0.00		0.00		10,538,262.36
RYMS3 92-B			612,037.49		644,105.08		0.00		0.00		5,474,935.00
SBM7 94-2			96,795.99		107,406.20		0.00		0.00		1,698,287.14
SMS 91-K			77,228.28		84,450.19		0.00		0.00		1,890,330.78
SMS 91-K			14,261.01		20,243.34		0.00		0.00		1,199,528.08
EAGLE 98-1			0.00		46,281.34		0.00		0.00		20,952,314.61
INMC 94-R			94,322.03		114,317.79		0.00		70.54		3,432,115.86
INMC 94-V			30,533.19		41,800.10		0.00		0.00		2,034,685.88
INMC 94-X			37,863.87		49,249.07		0.00		0.00		2,067,943.28
INMC 95-C			36,848.91		67,300.38		0.00		0.00		5,189,696.71
INMC 95-T			432,416.68		451,136.97		0.00		301.00		3,013,039.69

	Total		2,007,595.58		2,282,442.00		0.00		371.54		61,869,400.39

Underlying Certificates Monthly Distribution — Group II


			Original		Beginning		Pass			Interest
Series	Class		Balance		Balance		Through			Distribution

GRCAP 94-HM4		A1		245,813,000.00		680,232.75		6.616453	%		3,750.61
INMC 95-E		B1		4,608,492.00		3,107,976.88		6.580290	%		17,042.82
PMLT 99-A		M1		2,914,000.00		2,914,000.00		2.744001	%		6,663.35
RTC 95-2		A3		119,696,000.00		9,122,528.59		5.297720	%		40,273.84

Total				373,031,492.00		15,824,738.22					67,730.62

[Additional columns below]

[Continued from above table, first column(s) repeated]


	Principal		Total		Realized		Interest		Ending
Series	Distribution		Distribution		Losses		Shortfall		Balance

GRCAP 94-HM4		51,633.02		55,383.63		0.00		0.00		628,599.72
INMC 95-E		4,656.78		21,699.61		0.00		0.00		3,103,320.10
PMLT 99-A		0.00		6,663.35		0.00		0.00		2,914,000.00
RTC 95-2		165,692.99		205,966.83		0.00		0.00		8,956,835.60

Total		221,982.80		289,713.42		0.00		0.00		15,602,755.42

Underlying Pool Delinquent Information by Group


		Loans		Delinquent 30-59 Days				Delinquent 60-89 Days				Delinquent 90+ Days
		Outstanding
Series		Balance		No.		Balance		No.		Balance		No.		Balance

CWMBS 94K			10,716,591.08		2		294,252.05		1		254,566.51		1		157,916.50
DLJMA 93-Q18(1)			4,662,315.70		3		244,960.29		0		0.00		0		0.00
DLJMA 94-2A(1)			1,949,456.18		0		0.00		1		137,383.81		0		0.00
ONE 00-2(2)			578,233,487.00		65		7,311,695.00		14		2,123,303.00		7		667,900.00
RYMS3 92-B(2)			26,069,237.36		18		806,895.59		2		250,704.75		1		107,663.42
SBM7 94-2(2)			6,543,964.07		1		56,229.72		0		0.00		0		0.00
SMS 91-K			6,421,996.78		0		0.00		2		284,428.84		1		209,643.49
EAGLE 98-1			45,613,237.15		21		1,953,714.69		8		802,974.30		23		2,536,583.04
INMC 94-R			10,537,440.72		3		310,052.91		0		0.00		0		0.00
INMC 94-V			9,104,270.73		2		223,303.74		2		359,281.03		2		152,584.00
INMC 94-X			9,917,727.52		7		899,704.35		2		92,040.50		2		423,284.03
INMC 95-C			10,283,206.11		2		197,577.49		0		0.00		0		0.00
INMC 95-T(2)			9,224,624.02		4		509,073.50		0		0.00		0		0.00

	Total		729,277,554.42		128		12,807,459.33		32		4,304,682.74		37		4,255,574.48

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Foreclosure				REO
										Realized Losses
Series		No.		Balance		No.		Balance		Curr. Amount

CWMBS 94K			1		243,968.50		0		0.00		0.00
DLJMA 93-Q18(1)			2		147,558.39		0		0.00		0.00
DLJMA 94-2A(1)			0		0.00		0		0.00		0.00
ONE 00-2(2)			45		7,933,452.00		0		0.00		0.00
RYMS3 92-B(2)			3		87,319.59		2		140,558.93		0.00
SBM7 94-2(2)			2		246,320.26		1		120,955.43		0.00
SMS 91-K			1		211,329.14		0		0.00		0.00
EAGLE 98-1			33		3,093,332.49		24		3,194,278.49		37,870.42
INMC 94-R			3		855,030.50		0		0.00		0.00
INMC 94-V			1		194,897.39		0		0.00		0.00
INMC 94-X			3		844,765.31		0		0.00		0.00
INMC 95-C			3		311,395.63		0		0.00		0.00
INMC 95-T(2)			2		459,511.05		0		0.00		0.00

	Total		99		14,628,880.25		27		3,455,792.85		37,870.42


	Loans		Delinquent 30-59 Days				Delinquent 60-89 Days				Delinquent 90+ Days
	Outstanding
Series	Balance		No.		Balance		No.		Balance		No.		Balance

GRCAP 94-HM4		8,702,071.21		2		395,024.74		1		126,436.26		0		0.00
INMC 95-E		16,971,105.46		9		2,257,089.90		3		436,216.96		0		0.00
PMLT 99-A		45,423,646.11		30		1,757,550.99		8		890,000.39		5		319,070.95
RTC 95-2(1)		26,718,166.68		5		318,830.60		4		323,545.16		6		419,258.19

Total		97,814,989.46		46		4,728,496.23		16		1,776,198.77		11		738,329.14

Total All		827,092,543.88		174		17,535,955.56		48		6,080,881.51		48		4,993,903.62

[Additional columns below]

[Continued from above table, first column(s) repeated]


	Foreclosure				REO
									Realized Losses
Series	No.		Balance		No.		Balance		Curr. Amount

GRCAP 94-HM4		1		45,817.29		0		0.00		0.00
INMC 95-E		5		593,087.50		3		109,586.73		0.00
PMLT 99-A		21		1,884,596.75		3		208,892.83		210,222.01
RTC 95-2(1)		4		207,137.41		0		0.00		0.00

Total		31		2,730,638.95		6		318,479.56		210,222.01

Total All		130		17,359,519.20		33		3,774,272.41		248,092.43

(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


		Beginning		Funds		Withdrawals		Management		Available		Funds		Ending
Group		Balance		Deposited		Trustee Fee		Fee		Funds		Distributed		Balance

	I		0.00		2,282,442.00		1,596.92		4,407.92		2,276,437.16		2,136,147.99		140,289.16
	II		0.00		289,713.42		395.62		1,092.08		288,225.72		255,790.03		32,435.69

Total			0.00		2,572,155.42		1,992.54		5,500.00		2,564,662.88		2,391,938.03		172,724.85


Additional Reporting Items		Pool I				Pool II			Total

2.15(a)	Available Interest		274,846.42				67,730.62			342,577.04
	Available Principal		2,007,595.58				221,982.80			2,229,578.38
2.15(b)	Monthly Interest Amt				See p. 1
2.15(c)	Carry forward 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		1.0246	%			1.0184	%
	Ending Actual OC		1.0579	%			1.0329	%
2.15(g)	2nd preceding pool bal		n/a				n/a
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 Certificate holders		140,289.16				32,435.69			172,724.85

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.