EXHIBIT 10.1
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.
