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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest Event
Reported): July 28, 1997
SEQUOIA MORTGAGE FUNDING CORPORATION, (as depositor under
the Amended and Restated Deposit Trust Agreement, dated
as of July 17, 1997, providing for the issuance of the
Sequoia Mortgage Trust 1 Collateralized Mortgage Bonds).
SEQUOIA MORTGAGE FUNDING CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 333-22681 91-1771827
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
591 Redwood Highway
Suite 3120
Mill Valley, California 94941
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (415) 381-1765
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Item 5. Other Events.
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Filing of Computational Materials./F1/
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In connection with the offering of the Sequoia Mortgage Trust 1
Collateralized Mortgage Bonds, Lehman Brothers Inc., as underwriter of the
Certificates (the "Underwriter"), has prepared certain materials (the
"Computational Materials") for distribution to its potential investors.
Although the Company provided the Underwriter with certain information
regarding the characteristics of the Loans in the related portfolio, it did
not participate in the preparation of the Computational Materials.
Concurrently with the filing hereof, pursuant to Rule 202 of Regulation S-T,
the Registrant is filing the Computational Materials by paper filing in Form
SE in reliance on a continuing hardship exemption.
For purposes of this Form 8-K, Computational Materials shall mean
computer generated tables and/or charts displaying, with respect to the
Certificates, any of the following: yield; average life, duration; expected
maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Loans; the proposed
structure; decrement tables; or similar information (tabular or otherwise)
of a statistical, mathematical, tabular or computational nature. The
Computational Materials are attached hereto as Exhibit 99.1.
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1/ Capitalized terms used and not otherwise defined herein shall have
the meanings assigned to them in the Prospectus dated July 25, 1997, and
the Prospectus Supplement dated July 25, 1997, of Sequoia Mortgage
Funding Corporation, relating to its Sequoia Mortgage Trust 1 Collateralized
Mortgage Bonds.
Item 7. Financial Statements, Pro Forma Financial
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Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SEQUOIA MORTGAGE FUNDING CORPORATION
By: /s/ Vickie L. Rath
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Vickie L. Rath
Treasurer and Assistant Secretary
Dated: July 28, 1997
Exhibit Index
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Exhibit Page
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99.1 Computational Materials 5
Exhibit 99.1
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Pursuant to a continuing hardship exemption letter, as provided in
Rule 202 of Regulation S-T, Exhibit 99.1 will be filed today in paper by Form
SE.
