EXHIBIT 10.1
EX-10.1 3 f97895cexv10w1.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: March 30, 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 | 21,590,087.90 | 1.696250 | % | 30,518.49 | 349,456.36 | 379,974.85 | 0.00 | 21,240,631.54 | |||||||||||||||||||||||
A-2 | 81743UAB1 | 8,888,541.78 | 1.846250 | % | 13,675.39 | 4,963,225.03 | 4,976,900.42 | 0.00 | 3,925,316.75 | |||||||||||||||||||||||
Total | 30,478,629.68 | 44,193.88 | 5,312,681.39 | 5,356,875.27 | 0.00 | 25,165,948.29 | ||||||||||||||||||||||||||
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 | 333.381014736 | 0.471247955 | 5 ###-###-#### | 327 ###-###-#### | 1.696250 | % | ||||||||||||||||||||
A-2 | 81743UAB1 | 15,861,000.00 | 560.402357001 | 0 ###-###-#### | 312.920057498 | 247 ###-###-#### | 1.846250 | % | ||||||||||||||||||||
Total | 80,622,000.00 | 378 ###-###-#### | 0 ###-###-#### | 65 ###-###-#### | 312 ###-###-#### | |||||||||||||||||||||||
Underlying Certificates Monthly Distribution – Group I
| Original | Beginning | Pass | Interest | Principal | ||||||||||||||||||||
| Series | Class | Balance | Balance | Through | Distribution | Distribution | ||||||||||||||||||
CWMBS 94K | A1 | 123,119,000.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | |||||||||||||||||
DLJMA 93-Q18 | 1A1 | 51,833,000.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | |||||||||||||||||
DLJMA 94-2A | 1A1 | 85,787,000.00 | 410,405.98 | 5.125648 | % | 1,753.00 | 1,114.16 | |||||||||||||||||
ONE 00-2 | 2A | 152,653,000.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | |||||||||||||||||
RYMS3 92-B | 1A2 | 7,712,906.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | |||||||||||||||||
SBM7 94-2 | A1 | 49,384,000.00 | 956,538.88 | 5.791810 | % | 4,616.74 | 59,575.05 | |||||||||||||||||
SMS 91-K | A1 | 110,588,063.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | |||||||||||||||||
SMS 91-K | A3 | 1,917,885.00 | 0.00 | 0.000000 | % | 0.00 | 0.00 | |||||||||||||||||
EAGLE 98-1 | M1 | 46,029,000.00 | 13,329,587.08 | 2.090000 | % | 22,441.84 | 115,919.12 | |||||||||||||||||
INMC 94-R | M2 | 4,620,000.00 | 1,604,049.38 | 3.916982 | % | 5,235.86 | 4,776.46 | |||||||||||||||||
INMC 94-V | B1 | 3,618,000.00 | 958,599.11 | 3.730794 | % | 2,980.28 | 3,318.57 | |||||||||||||||||
INMC 94-X | B1 | 2,769,000.00 | 848,351.82 | 3.735842 | % | 2,641.09 | 3,127.60 | |||||||||||||||||
INMC 95-C | B1 | 12,828,797.00 | 2,977,648.23 | 3.903072 | % | 9,684.98 | 6,960.38 | |||||||||||||||||
INMC 95-T | A2 | 65,695,250.00 | 1,104,015.71 | 3.033957 | % | 2,791.28 | 164,362.15 | |||||||||||||||||
Total | 718,554,901.00 | 22,189,196.19 | 52,145.07 | 359,153.50 | ||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
| Total | Realized | Interest | Ending | |||||||||||||||||
| Series | Class | Distribution | Losses | Shortfall | Balance | |||||||||||||||
CWMBS 94K | A1 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
DLJMA 93-Q18 | 1A1 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
DLJMA 94-2A | 1A1 | 2,867.16 | 0.00 | 0.00 | 409,291.82 | |||||||||||||||
ONE 00-2 | 2A | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
RYMS3 92-B | 1A2 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
SBM7 94-2 | A1 | 64,191.80 | 0.00 | 0.00 | 896,963.83 | |||||||||||||||
SMS 91-K | A1 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
SMS 91-K | A3 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
EAGLE 98-1 | M1 | 138,360.96 | 0.00 | 0.00 | 13,213,667.96 | |||||||||||||||
INMC 94-R | M2 | 10,012.32 | 0.00 | 0.00 | 1,599,272.92 | |||||||||||||||
INMC 94-V | B1 | 6,298.85 | 0.00 | 0.00 | 955,280.54 | |||||||||||||||
INMC 94-X | B1 | 5,768.69 | 0.00 | 0.00 | 845,224.22 | |||||||||||||||
INMC 95-C | B1 | 16,645.36 | 0.00 | 0.00 | 2,970,687.85 | |||||||||||||||
INMC 95-T | A2 | 167,153.43 | 0.00 | 0.00 | 939,653.56 | |||||||||||||||
Total | 411,298.57 | 0.00 | 0.00 | 21,830,042.69 | ||||||||||||||||
Underlying Certificates Monthly Distribution – Group II
| Original | Beginning | Pass | Interest | Principal | ||||||||||||||||||||
| Series | Class | Balance | Balance | Through | Distribution | Distribution | ||||||||||||||||||
GRCAP 94-HM4 | A1 | 245,813,000.00 | 301,317.03 | 3.756367 | % | 943.21 | 829.95 | |||||||||||||||||
INMC 95-E | B1 | 4,608,492.00 | 2,168,663.12 | 3.799543 | % | 6,866.61 | 48,848.62 | |||||||||||||||||
PMLT 99-A | M1 | 2,914,000.00 | 1,599,159.77 | 2.116997 | % | 2,821.18 | 14,036.09 | |||||||||||||||||
RTC 95-2 | A3 | 119,696,000.00 | 4,980,555.82 | 2.989067 | % | 12,406.01 | 4,980,555.82 | |||||||||||||||||
Total | 373,031,492.00 | 9,049,695.75 | 23,037.02 | 5,044,270.49 | ||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
| Total | Realized | Interest | Ending | |||||||||||||||||
| Series | Class | Distribution | Losses | Shortfall | Balance | |||||||||||||||
GRCAP 94-HM4 | A1 | 1,773.17 | 0.00 | 0.00 | 300,487.08 | |||||||||||||||
INMC 95-E | B1 | 55,715.23 | 0.00 | 0.00 | 2,119,814.50 | |||||||||||||||
PMLT 99-A | M1 | 16,857.27 | 0.00 | 0.00 | 1,585,123.68 | |||||||||||||||
RTC 95-2 | A3 | 4,992,961.84 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Total | 5,067,307.51 | 0.00 | 0.00 | 4,005,425.26 | ||||||||||||||||
Underlying Pool Delinquent Information by Group
| Loans | ||||||||||||||||||||||||||||
| Outstanding | Delinquent 30-59 Days | Delinquent 60-89 Days | Delinquent 90+ Days | |||||||||||||||||||||||||
| Series | Balance | No. | Balance | No. | Balance | No. | Balance | |||||||||||||||||||||
CWMBS 94K | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
DLJMA 93-Q18(1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
DLJMA 94-2A(1) | 664,966.24 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
ONE 00-2(2) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
RYMS3 92-B(2) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
SBM7 94-2(2) | 3,227,412.76 | 1 | 64,559.26 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
SMS 91-K | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
EAGLE 98-1 | 22,571,113.03 | 6 | 316,037.66 | 4 | 510,512.40 | 17 | 3,141,734.07 | |||||||||||||||||||||
INMC 94-R | 4,914,791.21 | 2 | 188,097.76 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
INMC 94-V | 4,352,239.88 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
INMC 94-X | 3,981,009.84 | 3 | 418,998.05 | 0 | 0.00 | 1 | 46,566.06 | |||||||||||||||||||||
INMC 95-C | 5,807,877.52 | 1 | 118,990.07 | 1 | 116,355.49 | 0 | 0.00 | |||||||||||||||||||||
INMC 95-T(2) | 4,786,255.61 | 2 | 223,469.30 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
Total | 50,305,666.09 | 15 | 1,330,152.10 | 5 | 626,867.89 | 18 | 3,188,300.13 | |||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
| Foreclosure | REO | Realized Losses | ||||||||||||||||||
| Series | No. | Balance | No. | Balance | Curr. Amount | |||||||||||||||
CWMBS 94K | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
DLJMA 93-Q18(1) | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
DLJMA 94-2A(1) | 0 | 0.00 | 0 | 0.00 | 3,393.54 | |||||||||||||||
ONE 00-2(2) | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
RYMS3 92-B(2) | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
SBM7 94-2(2) | 1 | 115,244.00 | 0 | 0.00 | 0.00 | |||||||||||||||
SMS 91-K | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
EAGLE 98-1 | 14 | 1,076,141.75 | 7 | 1,512,651.46 | 268,811.80 | |||||||||||||||
INMC 94-R | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
INMC 94-V | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
INMC 94-X | 1 | 93,607.53 | 0 | 0.00 | 0.00 | |||||||||||||||
INMC 95-C | 2 | 380,789.84 | 0 | 0.00 | 0.00 | |||||||||||||||
INMC 95-T(2) | 1 | 78,379.53 | 0 | 0.00 | 0.00 | |||||||||||||||
Total | 19 | 1,744,162.65 | 7 | 1,512,651.46 | 272,205.34 | |||||||||||||||
| Loans | ||||||||||||||||||||||||||||
| Outstanding | Delinquent 30-59 Days | Delinquent 60-89 Days | Delinquent 90+ Days | |||||||||||||||||||||||||
| Series | Balance | No. | Balance | No. | Balance | No. | Balance | |||||||||||||||||||||
GRCAP 94-HM4 | 4,159,817.18 | 1 | 207,051.66 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
INMC 95-E | 10,184,441.16 | 9 | 1,982,728.62 | 3 | 339,001.68 | 0 | 0.00 | |||||||||||||||||||||
PMLT 99-A | 24,382,794.79 | 19 | 1,375,850.16 | 8 | 425,059.95 | 6 | 712,902.56 | |||||||||||||||||||||
RTC 95-2(1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||
Total | 38,727,053.13 | 29 | 3,565,630.44 | 11 | 764,061.63 | 6 | 712,902.56 | |||||||||||||||||||||
Total All | 89,032,719.22 | 44 | 4,895,782.54 | 16 | 1,390,929.52 | 24 | 3,901,202.69 | |||||||||||||||||||||
[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 | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
INMC 95-E | 1 | 398,090.53 | 0 | 0.00 | 0.00 | |||||||||||||||
PMLT 99-A | 22 | 1,745,877.74 | 6 | 226,258.20 | 0.00 | |||||||||||||||
RTC 95-2(1) | 0 | 0.00 | 0 | 0.00 | 0.00 | |||||||||||||||
Total | 23 | 2,143,968.27 | 6 | 226,258.20 | 0.00 | |||||||||||||||
Total All | 42 | 3,888,130.92 | 13 | 1,738,909.66 | 272,205.34 | |||||||||||||||
| (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 | 411,298.57 | 554.73 | 0.00 | 410,743.84 | 379,974.85 | 30,768.99 | |||||||||||||||||||||
II | 0.00 | 5,067,307.51 | 226.24 | 0.00 | 5,067,081.26 | 4,976,900.42 | 90,180.84 | |||||||||||||||||||||
Total | 0.00 | 5,478,606.08 | 780.97 | 0.00 | 5,477,825.10 | 5,356,875.27 | 120,949.83 | |||||||||||||||||||||
| Additional Reporting Items | Pool I | Pool II | Total | |||||||||||
2.15(a) | Available Interest | 52,145.07 | 23,037.02 | 75,182.08 | ||||||||||
| Available Principal | 359,153.50 | 5,044,270.49 | 5,403,423.99 | |||||||||||
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 | % | 1.7808 | % | |||||||||
| Ending Actual OC | 2.7000 | % | 2.0000 | % | ||||||||||
2.15(g) | 2nd preceding pool bal | 50,695,957.61 | 55,864,495.57 | 106,560,453.18 | ||||||||||
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 | 30,768.99 | 90,180.84 | 120,949.83 | ||||||||||
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.
