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

Contract Categories: Business Finance › Trust Agreements
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 October 30, 2002. It details the interest and principal payments distributed to bondholders, the performance of underlying mortgage-backed securities, and information on loan delinquencies. The summary provides investors with key financial data on their investments, including payment amounts, outstanding balances, and any adjustments or shortfalls for the period.

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EX-10.1 3 f86679exv10w1.txt EXHIBIT 10.1 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 ###-###-#### Distribution Date: October 30, 2002 SEQUOIA MORTGAGE FUNDING CORPORATION COLLATERALIZED MBS FUNDING BONDS, SERIES 2002-A CERTIFICATE MONTHLY DISTRIBUTION SUMMARY
- ---------------------------------------------------------------------------- BEGINNING PASS MONTHLY ADDITIONAL CLASS CUSIP CERT BALANCE THROUGH INTEREST AMT INTEREST - ---------------------------------------------------------------------------- A-1 81743UAA3 57,379,288.97 2.420000% 115,714.90 0.00 A-2 81743UAB1 14,451,404.30 2.570000% 30,950.09 0.00 - ---------------------------------------------------------------------------- Total 71,830,693.27 146,664.99 0.00 - ----------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------- INTEREST INTEREST PRINCIPAL TOTAL REALIZED ENDING CERT CLASS SHORTFALL DISTRIBUTION DISTRIBUTION DISTRIBUTION LOSSES BALANCE - ------------------------------------------------------------------------------------------- A-1 0.00 115,714.90 1,295,396.51 1,411,111.41 0.00 56,083,892.46 A-2 0.00 30,950.09 190,328.81 221,278.90 0.00 14,261,075.49 - ------------------------------------------------------------------------------------------- Total 0.00 146,664.99 1,485,725.32 1,632,390.31 0.00 70,344,967.95 - -------------------------------------------------------------------------------------------
CURRENT PAYMENT INFORMATION FACTORS PER $1.000
- --------------------------------------------------------------------------------------------------------------------- ORIGINAL CERT BEGINNING INTEREST PRINCIPAL ENDING CURRENT PASS CLASS CUSIP BALANCE FACTOR FACTOR FACTOR FACTOR THROUGH - --------------------------------------------------------------------------------------------------------------------- A-1 81743UAA3 64,761,000.00 ###-###-#### ###-###-#### 20.002725622 ###-###-#### 2.420000% A-2 81743UAB1 15,861,000.00 ###-###-#### 1.951332884 ###-###-#### ###-###-#### 2.570000% - --------------------------------------------------------------------------------------------------------------------- Total 80,622,000.00 ###-###-#### ###-###-#### ###-###-#### ###-###-#### - ---------------------------------------------------------------------------------------------------------------------
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 2,268,545.50 5.210347% 9,849.92 137,860.81 DLJMA 93-Q18 1A1 51,833,000.00 485,024.05 5.655502% 2,285.88 116,042.31 DLJMA 94-2A 1A1 85,787,000.00 1,139,756.22 6.116957% 5,809.87 243,514.46 ONE 00-2 2A 152,653,000.00 9,228,369.23 5.760346% 44,319.60 163,238.37 RYMS3 92-B 1A2 7,712,906.00 5,025,091.78 6.265450% 26,237.05 344,159.03 SBM7 94-2 A1 49,384,000.00 1,554,331.10 6.272667% 8,124.83 2,509.51 SMS 91-K A1 110,588,063.00 1,699,433.09 4.852069% 6,871.47 128,256.13 SMS 91-K A3 1,917,855.00 1,161,719.45 5.142064% 4,978.03 32,344.74 EAGLE 98-1 M1 46,029,000.00 20,952,314.61 2.813750% 49,128.81 0.00 INMC 94-R M2 4,620,000.00 3,125,830.54 5.909391% 15,393.13 105,272.38 INMC 94-V B1 3,618,000.00 1,914,686.63 5.946926% 9,488.75 4,134.36 INMC 94-X B1 2,769,000.00 1,816,830.12 6.231449% 9,434.57 4,516.50 INMC 95-C B1 12,828,797.00 4,776,903.28 6.256264% 24,904.64 8,770.90 INMC 95-T A2 65,695,250.00 2,884,951.97 5.662310% 13,612.91 4,777.01 - --------------------------------------------------------------------------------------------------- Total 718,554,901.00 58,033,787.58 230,439.47 1,295,396.51 - ---------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------- TOTAL REALIZED INTEREST ENDING SERIES DISTRIBUTION LOSSES SHORTFALL BALANCE - ----------------------------------------------------------------------- CWMBS 94K 147,710.74 0.00 0.00 2,130,684.69 DLJMA 93-Q18 118,328.18 0.00 0.00 368,981.75 DLJMA 94-2A 249,324.33 0.00 0.00 896,241.76 ONE 00-2 207,557.98 0.00 0.00 9,065,130.85 RYMS3 92-B 370,396.08 0.00 0.00 4,680,932.75 SBM7 94-2 10,634.34 0.00 0.00 1,551,821.59 SMS 91-K 135,127.60 0.00 0.00 1,571,176.95 SMS 91-K 37,322.77 0.00 0.00 1,129,374.71 EAGLE 98-1 49,128.81 0.00 0.00 20,952,314.61 INMC 94-R 120,665.51 0.00 0.00 3,020,558.16 INMC 94-V 13,623.11 0.00 0.00 1,910,552.27 INMC 94-X 13,951.07 0.00 0.00 1,812,313.62 INMC 95-C 33,675.54 0.00 0.00 4,768,132.38 INMC 95-T 18,389.92 0.00 0.00 2,880,174.96 - ----------------------------------------------------------------------- Total 1,525,835.98 0.00 0.00 56,738,391.06 - -----------------------------------------------------------------------
UNDERLYING CERTIFICATES MONTHLY DISTRIBUTION - GROUP II
- ----------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING PASS INTEREST PRINCIPAL SERIES CLASS BALANCE BALANCE THROUGH DISTRIBUTION DISTRIBUTION - ----------------------------------------------------------------------------------------------------- GRCAP 94-HM4 A1 245,813,000.00 548,324.50 5.972249% 2,728.94 17,382.36 INMC 95-E B1 4,608,492.00 3,084,077.98 6.375515% 16,385.49 4,939.31 PMLT 99-A M1 2,914,000.00 2,718,945.77 2.913750% 6,601.94 36,757.01 RTC 95-2 A3 119,696,000.00 8,261,210.02 4.699343% 32,351.88 131,250.13 - ----------------------------------------------------------------------------------------------------- Total 373,031,492.00 14,612,558.26 58,068.25 190,328.81 - -----------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------ TOTAL REALIZED INTEREST ENDING SERIES DISTRIBUTION LOSSES SHORTFALL BALANCE - ------------------------------------------------------------------------ GRCAP 94-HM4 20,111.30 0.00 0.00 530,942.14 INMC 95-E 21,324.80 0.00 0.00 3,079,138.67 PMLT 99-A 43,358.95 0.00 0.00 2,682,188.76 RTC 95-2 163,602.01 0.00 0.00 8,129,959.88 - ------------------------------------------------------------------------ Total 248,397.06 0.00 0.00 14,422,229.45 - ------------------------------------------------------------------------
Note: The Interest Distribution for SBM7 94-2 was overstated during the 5/02, 6/02 and 7/02 distributions by a total of $1,013.97. This month's Interest Distribution has been reduced by the amount and as a result Investor Certificateholders will receive $1,013.97 less. 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 10,144,581.77 16 2,109,790.64 0 0.00 0 0.00 DLJMA 93-Q18(1) 4,000,714.27 2 259,487.43 0 0.00 2 89,943.16 DLJMA 94-2A(1) 1,456,101.71 0 0.00 0 0.00 0 0.00 ONE 00-2(2) 472,794,391.00 83 7,484,453.00 10 1,278,826.00 18 4,091,958.00 RYMS3 92-B(2) 24,703,454.09 19 1,012,638.98 2 137,456.33 3 184,841.26 SBM7 94-2(2) 5,780,939.73 1 109,335.39 3 450,557.21 0 0.00 SMS 91-K 5,470,149.23 0 0.00 2 281,805.21 0 0.00 EAGLE 98-1 39,509,675.72 16 1,209,797.65 8 935,890.41 16 1,676,854.19 INMC 94-R 9,273,815.31 3 838,465.70 1 102,803.96 1 55,607.08 INMC 94-V 8,548,830.68 4 531,010.69 0 0.00 1 80,398.70 INMC 94-X 8,691,743.50 8 910,533.01 0 0.00 1 48,279.67 INMC 95-C 9,447,890.85 9 907,946.73 0 0.00 2 412,862.94 INMC 95-T(2) 8,342,710.28 9 1,704,560.69 2 295,795.80 2 279,214.63 - ------------------------------------------------------------------------------------------------------------------ Total 608,164,998.14 170 17,078,019.91 28 3,483,134.92 46 6,919,959.63 - ------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- FORECLOSURE REO REALIZED LOSSES SERIES NO. BALANCE NO. BALANCE CURR. AMOUNT - -------------------------------------------------------------------------------- CWMBS 94K 2 494,590.06 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 0.00 ONE 00-2(2) 20 2,521,143.00 0 0.00 401,219.00 RYMS3 92-B(2) 5 308,136.50 1 31,430.11 0.00 SBM7 94-2(2) 1 127,187.14 0 0.00 0.00 SMS 91-K 1 207,646.78 0 0.00 0.00 EAGLE 98-1 33 4,352,429.80 27 3,285,075.00 226,797.50 INMC 94-R 2 770,029.86 0 0.00 0.00 INMC 94-V 0 0.00 0 0.00 0.00 INMC 94-X 4 979,965.03 0 0.00 0.00 INMC 95-C 4 430,083.33 0 0.00 0.00 INMC 95-T(2) 0 0.00 0 0.00 0.00 - -------------------------------------------------------------------------------- Total 72 10,191,211.50 28 3,316,505.11 628,016.50 - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------- LOANS OUTSTANDING DELINQUENT 30-59 DAYS DELINQUENT 60-89 DAYS DELINQUENT 90+ DAYS SERIES BALANCE NO. BALANCE NO. BALANCE NO. BALANCE - --------------------------------------------------------------------------------------------------------- GRCAP 94-HM4 7,350,140.54 1 236,916.11 1 125,593.34 0 0.00 INMC 95-E 15,303,766.24 9 1,954,563.18 1 297,492.86 5 628,848.71 PMLT 99-A 41,258,142.48 39 2,873,713.39 6 494,356.50 7 383,713.93 RTC 95-2(1) 24,363,797.48 9 525,998.73 3 280,867.64 8 724,567.58 - --------------------------------------------------------------------------------------------------------- Total 88,275,846.74 58 5,591,191.41 11 1,198,310.34 20 1,737,130.22 - --------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------- Total All 696,440,844.88 228 22,669,211.32 39 4,681,445.26 66 8,657,089.85 - ---------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- FORECLOSURE REO REALIZED LOSSES SERIES NO. BALANCE NO. BALANCE CURR. AMOUNT - ------------------------------------------------------------------------------- GRCAP 94-HM4 1 45,521.88 0 0.00 0.00 INMC 95-E 3 322,915.20 2 66,943.57 0.00 PMLT 99-A 22 1,580,085.88 2 371,642.99 34,012.01 RTC 95-2(1) 4 268,395.72 0 0.00 0.00 - ------------------------------------------------------------------------------- Total 30 2,216,918.68 4 438,586.56 34,012.01 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Total All 102 12,408,130.18 32 3,755,091.67 662,028.51 - -------------------------------------------------------------------------------
(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 1,525,835.98 1,450.84 0.00 1,524,385.14 1,411,111.41 113,273.72 II 0.00 248,397.06 365.31 0.00 248,031.75 221,278.90 26,752.85 - -------------------------------------------------------------------------------------------------------------------------------- Total 0.00 1,774,233.04 1,816.16 0.00 1,772,416.88 1,632,390.31 140,026.57 - --------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------- ADDITIONAL REPORTING ITEMS POOL I POOL II TOTAL - ------------------------------------------------------------------------------------------------------------- 2.15(a) Available Interest 230,439.47 58,068.25 288,507.72 - ------------------------------------------------------------------------------------------------------------- Available Principal 1,295,396.51 190,328.81 1,485,725.32 - ------------------------------------------------------------------------------------------------------------- 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 1.1278% 1.1028% - ------------------------------------------------------------------------------------------------------------- Ending Actual OC 1.1535% 1.1174% - ------------------------------------------------------------------------------------------------------------- 2.15(g) 2nd preceding pool bal 670,739,525.54 92,433,368.96 763,182,894.50 - ------------------------------------------------------------------------------------------------------------- 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 113,273.72 26,752.85 140,026.57 - -------------------------------------------------------------------------------------------------------------
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.