Sequoia Mortgage Funding Corporation Collateralized MBS Funding Bonds, Series 2002-A Monthly Distribution Summary (April 2004)
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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. It details the interest and principal payments made to bondholders, the performance of underlying mortgage-backed securities, delinquency and loss information, and account balances for April 2004. The report outlines the amounts distributed to investors, fees paid, and the status of the mortgage loan pools supporting the bonds.
EX-10.1 2 f98764aexv10w1.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: April 29, 2004
SEQUOIA MORTGAGE FUNDING CORPORATION
Collateralized MBS Funding Bonds, Series 2002-A
Certificate Monthly Distribution Summary
| Beginning | Pass | Interest | Principal | Total | Realized | Ending Cert | ||||||||||||||||||||||||
| Class | CUSIP | Cert Balance | Through | Distribution | Distribution | Distribution | Losses | Balance | ||||||||||||||||||||||
A-1 | 81743UAA3 | 21,240,631.54 | 1.690000 | % | 29,913.89 | 710,850.44 | 740,764.33 | 0.00 | 20,529,781.10 | |||||||||||||||||||||
A-2 | 81743UAB1 | 3,925,316.75 | 1.840000 | % | 6,018.82 | 30,243.70 | 36,262.52 | 0.00 | 3,895,073.05 | |||||||||||||||||||||
Total | 25,165,948.29 | 35,932.71 | 741,094.14 | 777,026.85 | 0.00 | 24,424,854.15 | ||||||||||||||||||||||||
Current Payment Information
Factors per $1.00
| Original Cert | Beginning | Interest | Principal | Ending | Current Pass | |||||||||||||||||||||
| Class | CUSIP | Balance | Factor | Factor | Factor | Factor | Through | |||||||||||||||||||
A-1 | 81743UAA3 | 64,761,000.00 | 327 ###-###-#### | 0.461912099 | 10 ###-###-#### | 317.008401671 | 1.690000 | % | ||||||||||||||||||
A-2 | 81743UAB1 | 15,861,000.00 | 247 ###-###-#### | 0 ###-###-#### | 1.906796659 | 245 ###-###-#### | 1.840000 | % | ||||||||||||||||||
Total | 80,622,000.00 | 312 ###-###-#### | 0 ###-###-#### | 9 ###-###-#### | 302 ###-###-#### | |||||||||||||||||||||
Underlying Certificates Monthly Distribution — Group I
| Original | Beginning | Pass | Interest | Principal | Total | Realized | Interest | Ending | ||||||||||||||||||||||||||||||
| Series | Class | Balance | Balance | Through | Distribution | Distribution | Distribution | Losses | Shortfall | Balance | ||||||||||||||||||||||||||||
CWMBS 94K | A1 | 123,119,000.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
DLJMA 93-Q18 | 1A1 | 51,833,000.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
DLJMA 94-2A | 1A1 | 85,787,000.00 | 409,291.82 | 5.126315 | % | 1,748.47 | 41,100.01 | 42,848.48 | 0.00 | 0.00 | 368,191.81 | |||||||||||||||||||||||||||
ONE 00-2 | 2A | 152,653,000.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
RYMS3 92-B | 1A2 | 7,712,906.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
SBM7 94-2 | A1 | 49,384,000.00 | 896,963.83 | 5.734041 | % | 4,286.02 | 1,931.26 | 6,217.28 | 0.00 | 0.00 | 895,032.57 | |||||||||||||||||||||||||||
SMS 91-K | A1 | 110,588,063.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
SMS 91-K | A3 | 1,917,885.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
EAGLE 98-1 | M1 | 46,029,000.00 | 13,213,667.96 | 2.090000 | % | 24,548.07 | 665,743.61 | 690,291.68 | 0.00 | 0.00 | 12,547,924.35 | |||||||||||||||||||||||||||
INMC 94-R | M2 | 4,620,000.00 | 1,599,272.92 | 3.927480 | % | 5,234.26 | 4,963.21 | 10,197.47 | 0.00 | 0.00 | 1,594,309.71 | |||||||||||||||||||||||||||
INMC 94-V | B1 | 3,618,000.00 | 955,280.54 | 3.777998 | % | 3,007.54 | 3,035.21 | 6,042.75 | 0.00 | 0.00 | 952,245.33 | |||||||||||||||||||||||||||
INMC 94-X | B1 | 2,769,000.00 | 845,224.22 | 3.741303 | % | 2,635.20 | 3,430.23 | 6,065.43 | 0.00 | 0.00 | 841,793.99 | |||||||||||||||||||||||||||
INMC 95-C | B1 | 12,828,797.00 | 2,970,687.85 | 3.903237 | % | 9,662.75 | 7,811.83 | 17,474.58 | 0.00 | 0.00 | 2,962,876.02 | |||||||||||||||||||||||||||
INMC 95-T | A2 | 65,695,250.00 | 939,653.56 | 3.133346 | % | 2,453.55 | 2,560.63 | 5,014.18 | 0.00 | 0.00 | 937,092.93 | |||||||||||||||||||||||||||
Total | 718,554,901.00 | 21,830,042.69 | 53,575.86 | 730,575.99 | 784,151.85 | 0.00 | 0.00 | 21,099,466.70 | ||||||||||||||||||||||||||||||
Underlying Certificates Monthly Distribution — Group II
| Original | Beginning | Pass | Interest | Principal | Total | Realized | Interest | Ending | ||||||||||||||||||||||||||||||
| Series | Class | Balance | Balance | Through | Distribution | Distribution | Distribution | Losses | Shortfall | Balance | ||||||||||||||||||||||||||||
GRCAP94-HM4 | A1 | 245,813,000.00 | 300,487.08 | 3.813770 | % | 954.99 | 759.65 | 1,714.64 | 0.00 | 0.00 | 299,727.43 | |||||||||||||||||||||||||||
INMC 95-E | B1 | 4,608,492.00 | 2,119,814.50 | 3.802398 | % | 6,716.98 | 7,200.13 | 13,917.11 | 0.00 | 0.00 | 2,112,614.37 | |||||||||||||||||||||||||||
PMLT 99-A | M1 | 2,914,000.00 | 1,585,123.68 | 2.336002 | % | 3,085.71 | 22,901.14 | 25,986.85 | 0.00 | 0.00 | 1,562,222.54 | |||||||||||||||||||||||||||
RTC 95-2 | A3 | 119,696,000.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
Total | 373,031,492.00 | 4,005,425.26 | 10,757.68 | 30,860.92 | 41,618.60 | 0.00 | 0.00 | 3,974,564.34 | ||||||||||||||||||||||||||||||
Underlying Pool Delinquent Information by Group
| Loans | Delinquent 30-59 Days | Delinquent 0-89 Days | Delinquent 90+ Days | Foreclosure | REO | |||||||||||||||||||||||||||||||||||||||||||
| Outstanding | Realized Losses | |||||||||||||||||||||||||||||||||||||||||||||||
| Series | Balance | No. | Balance | No. | Balance | No. | Balance | No. | Balance | No. | Balance | Curr. Amount | ||||||||||||||||||||||||||||||||||||
CWMBS 94K | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
DLJMA 93-Q18(1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
DLJMA 94-2A(1) | 598,192.07 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 3,393.54 | ||||||||||||||||||||||||||||||||||||
ONE 00-2(2) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
RYMS3 92-B(2) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
SBM7 94-2(2) | 3,221,412.85 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 1 | 115,075.91 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
SMS 91-K | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
EAGLE 98-1 | 21,247,516.30 | 5 | 365,442.38 | 3 | 156,314.17 | 13 | 1,710,984.46 | 15 | 1,576,212.73 | 9 | 1,651,633.15 | -3,714.52 | ||||||||||||||||||||||||||||||||||||
INMC 94-R | 4,899,538.57 | 2 | 365,565.11 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
INMC 94-V | 4,338,411.51 | 2 | 93,231.28 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
INMC 94-X | 3,964,853.46 | 1 | 91,427.49 | 0 | 0.00 | 1 | 46,451.22 | 1 | 93,367.77 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
INMC 95-C | 5,792,610.50 | 1 | 116,065.32 | 0 | 0.00 | 0 | 0.00 | 2 | 379,817.75 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
INMC 95-T(2) | 4,773,106.10 | 1 | 129,373.67 | 0 | 0.00 | 0 | 0.00 | 2 | 150,455.59 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
Total | 48,835,641.36 | 12 | 1,161,105.25 | 3 | 156,314.17 | 14 | 1,757,435.68 | 21 | 2,314,929.75 | 9 | 1,651,633.15 | -320.98 | ||||||||||||||||||||||||||||||||||||
| Loans | Delinquent 30-59 Days | Delinquent 60-89 Days | Delinquent 90+ Days | Foreclosure | REO | |||||||||||||||||||||||||||||||||||||||||||
| Outstanding | Realized Losses | |||||||||||||||||||||||||||||||||||||||||||||||
| Series | Balance | No. | Balance | No. | Balance | No. | Balance | No. | Balance | No. | Balance | Curr. Amount | ||||||||||||||||||||||||||||||||||||
GRCAP94-HM4 | 3,976,054.73 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
INMC 95-E | 10,149,848.83 | 6 | 615,255.00 | 1 | 129,561.79 | 3 | 338,129.19 | 1 | 397,097.78 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
PMLT 99-A | 24,030,523.43 | 24 | 1,497,817.40 | 5 | 214,325.23 | 6 | 581,842.94 | 21 | 1,675,446.50 | 5 | 195,663.56 | 10,984.00 | ||||||||||||||||||||||||||||||||||||
RTC 95-2(1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||||||
Total | 38,156,426.99 | 30 | 2,113,072.40 | 6 | 343,887.02 | 9 | 919,972.13 | 22 | 2,072,544.28 | 5 | 195,663.56 | 10,984.00 | ||||||||||||||||||||||||||||||||||||
Total All | 86,992,068.35 | 42 | 3,274,177.65 | 9 | 500,201.19 | 23 | 2,677,407.81 | 43 | 4,387,474.03 | 14 | 1,847,296.71 | 10,663.02 | ||||||||||||||||||||||||||||||||||||
| (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 | 784,151.85 | 545.75 | 0.00 | 783,606.10 | 740,764.33 | 42,841.77 | |||||||||||||||||||||
II | 0.00 | 41,618.60 | 100.14 | 0.00 | 41,518.47 | 36,262.52 | 5,255.95 | |||||||||||||||||||||
Total | 0.00 | 825,770.45 | 645.89 | 0.00 | 825,124.56 | 777,026.85 | 48,097.72 | |||||||||||||||||||||
| Additional Reporting Items | Pool I | Pool II | Total | |||||||||||
2.15(a) | Available Interest | 53,575.86 | 10,757.68 | 64,333.54 | ||||||||||
| Available Principal | 730,575.99 | 30,860.92 | 761,436.91 | |||||||||||
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 | 2.7000 | % | 2.0000 | % | |||||||||
| Ending Actual OC | 2.7000 | % | 2.0000 | % | ||||||||||
2.15(g) | 2nd preceding pool bal | 50,305,666.09 | 38,727,053.13 | 89,032,719.22 | ||||||||||
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 | 42,841.77 | 5,255.95 | 48,097.72 | ||||||||||
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.
