Sequoia Mortgage Trust 6 Collateralized Mortgage Bonds June 2003 Bond Payment Report
Summary
This document is a bond payment report for Sequoia Mortgage Trust 6, detailing the distribution of principal and interest payments to bondholders for the June 19, 2003 distribution date. The report lists the original face value, current balances, interest accrued, and principal payments for each bond class. It also provides contact information for the administrator, Deutsche Bank, and outlines key dates such as the cut-off, closing, and payment dates. The report is intended for investors and parties involved in the trust to track payment and performance details of the mortgage-backed securities.
EX-10.1 3 f91333aexv10w1.txt EXHIBIT 10.1 . . . EXHIBIT 10.1 CONTACTS - ---------------------------------------------------------------------
ISSUANCE INFORMATION - --------------------------------------------------------------------------------------------------
SEQUOIA MORTGAGE TRUST 6 COLLATERALIZED MORTGAGE BONDS BOND PAYMENT REPORT FOR JUNE 19, 2003 DISTRIBUTION Distribution in Dollars - Current Period
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face
Distribution in Dollars - to Date
Interest Detail
Distribution in Dollars - Current Period
Definitive Bond Record Date: 5/30/03 Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face
Interest will accrue on all Bonds on the basis of a 360-day year consisting of twelve 30-day months. Distribution in Dollars - to Date
Interest Detail
COLLECTION ACCOUNT REPORT
CREDIT ENHANCEMENT REPORT
COLLATERAL REPORT
PREFUNDING TOTAL - ----------------------------------------------------------------------------------------
Note: Original information refers to deal issue.
Note: Original information refers to deal issue.
DELINQUENCY REPORT - TOTAL
Note: <1 payment = 0-29days, 1 payment = 30-59days, 2 payments = 60-89days, 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
SPACE INTENTIONALLY LEFT BLANK
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) 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)] (1/months in period n,m) Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m) 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
REALIZED LOSS REPORT - COLLATERAL
Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods. SPACE INTENTIONALLY LEFT BLANK
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) 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)] (1/months in period n,m) average cdr over period between the nth month and mth month (avgcdrn,m): 1-((1-avgmdrn,m) 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
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT