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Previous: SEQUOIA MORT TRUST 4 MORT LOAN ASSET BACK PASS-THROUGH CERT, 8-K, 2001-01-08 |
Next: RIGHTCHOICE MANAGED CARE INC /DE, S-8 POS, 2001-01-08 |
<PAGE> 1
EXHIBIT 10.1
Sequoia Mortgage Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Nov-2000 Securities Administration Services
Distribution Date: 22-Dec-2000 7485 New Horizon Way
Frederick, MD 21703
21-Dec-2000 8:10:57AM Telephone: (301) 815-6600
Fax: (301) 846-8152
SMT SERIES 2000-4
Certificateholder Distribution Summary
<TABLE>
<CAPTION>
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
------ --------- ----------- ------------ -------------- ------------
<S> <C> <C> <C> <C> <C>
A 81743TAA6 SEQ 6.97625% 329,570,920.67 1,915,974.28
B SMT00004B SUB 7.86625% 3,809,289.81 24,970.69
C SMT00004C IO 0.00000% 0.00 267,863.72
R-UT SMT00004R RES 0.00000% 0.00 0.00
R-LT SMT0004RL RES 0.00000% 0.00 0.00
------ -------------- ------------
Totals 333,380,210.48 2,208,808.69
</TABLE>
<TABLE>
<CAPTION>
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
------ ------------- -------- -------------- ------------ ----------
<S> <C> <C> <C> <C> <C>
A 4,279,183.40 0.00 325,291,737.27 6,195,157.68 0.00
B 0.00 0.00 3,809,289.81 24,970.69 0.00
C 0.00 0.00 0.00 267,863.72 0.00
R-UT 0.00 0.00 0.00 0.00 0.00
R-LT 0.00 0.00 0.00 0.00 0.00
------ ------------ -------- -------------- ------------ ----------
Totals 4,279,183.40 0.00 329,101,027.08 6,487,992.09 0.00
</TABLE>
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
<PAGE> 2
Sequoia Mortgage Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Nov-2000 Securities Administration Services
Distribution Date: 22-Dec-2000 7485 New Horizon Way
Frederick, MD 21703
21-Dec-2000 8:10:57AM Telephone: (301) 815-6600
Fax: (301) 846-8152
SMT SERIES 2000-4
Principal Distribution Statement
<TABLE>
<CAPTION>
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class Amount Balance Distribution Distribution Accretion
------ -------------- -------------- ------------ ------------ ---------
<S> <C> <C> <C> <C> <C>
A 377,119,000.00 329,570,920.67 0.00 4,279,183.40 0.00
B 3,809,982.43 3,809,289.81 0.00 0.00 0.00
C 0.00 0.00 0.00 0.00 0.00
R-UT 0.00 0.00 0.00 0.00 0.00
R-LT 0.00 0.00 0.00 0.00 0.00
------ -------------- -------------- ------------ ------------ ---------
Totals 380,928,982.43 333,380,210.48 0.00 4,279,183.40 0.00
</TABLE>
<TABLE>
<CAPTION>
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (1) Reduction Balance Percentage Distribution
------ --------- ------------ -------------- ----------- ------------
<S> <C> <C> <C> <C> <C>
A 0.00 4,279,183.40 325,291,737.27 0.86257053 4,279,183.40
B 0.00 0.00 3,809,289.81 0.99981821 0.00
C 0.00 0.00 0.00 0.00000000 0.00
R-UT 0.00 0.00 0.00 0.00000000 0.00
R-LT 0.00 0.00 0.00 0.00000000 0.00
------ --------- ------------ -------------- ----------- ------------
Totals 0.00 4,279,183.40 329,101,027.08 0.86394326 4,279,183.40
</TABLE>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Descript
<PAGE> 3
Sequoia Mortgage Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Nov-2000 Securities Administration Services
Distribution Date: 22-Dec-2000 7485 New Horizon Way
Frederick, MD 21703
21-Dec-2000 8:10:57AM Telephone: (301) 815-6600
Fax: (301) 846-8152
SMT SERIES 2000-4
Principal Distribution Factors Statement
<TABLE>
<CAPTION>
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class(2) Amount Balance Distribution Distribution Accretion
--------- -------------- ------------ ------------ ------------ ----------
<S> <C> <C> <C> <C> <C>
A 377,119,000.00 873.91757156 0.00000000 11.34703741 0.00000000
B 3,809,982.43 999.81820914 0.00000000 0.00000000 0.00000000
C 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-UT 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-LT 0.00 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class(2) Loss(3) Reduction Balance Percentage Distribution
--------- ---------- ----------- ------------ ----------- ------------
<S> <C> <C> <C> <C> <C>
A 0.00000000 11.34703741 862.57053416 0.86257053 11.34703741
B 0.00000000 0.00000000 999.81820914 0.99981821 0.00000000
C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-UT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-LT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
---------------------
(2) Per $1,000 Denomination.
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Descript
<PAGE> 4
Sequoia Mortgage Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Nov-2000 Securities Administration Services
Distribution Date: 22-Dec-2000 7485 New Horizon Way
Frederick, MD 21703
21-Dec-2000 8:10:57AM Telephone: (301) 815-6600
Fax: (301) 846-8152
SMT SERIES 2000-4
Interest Distribution Statement
<TABLE>
<CAPTION>
Beginning
Original Current Certificate/ Current Payment of Current
Face Certificate Notional Accrued Unpaid Interest
Class Amount Rate Balance Interest Interest Shortfall
------ -------------- ----------- -------------- ------------ ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
A 377,119,000.00 6.97625 % 329,570,920.67 1,915,974.28 0.00 0.00
B 3,809,982.43 7.86625 % 3,809,289.81 24,970.69 0.00 0.00
C 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-UT 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-LT 0.00 0.00000 % 0.00 0.00 0.00 0.00
------ -------------- ------------ ---------- ----------
Totals 380,928,982.43 1,940,944.97 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Loss(4) Distribution Shortfall Balance
------ ------------- -------- ------------ --------- --------------
<S> <C> <C> <C> <C> <C>
A 0.00 0.00 1,915,974.28 0.00 325,291,737.27
B 0.00 0.00 24,970.69 0.00 3,809,289.81
C 0.00 0.00 267,863.72 0.00 0.00
R-UT 0.00 0.00 0.00 0.00 0.00
R-LT 0.00 0.00 0.00 0.00 0.00
------ ------------- -------- ------------ ---------
Totals 0.00 0.00 2,208,808.69 0.00
</TABLE>
-----------------
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
<PAGE> 5
Sequoia Mortgage Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Nov-2000 Securities Administration Services
Distribution Date: 22-Dec-2000 7485 New Horizon Way
Frederick, MD 21703
21-Dec-2000 8:10:57AM Telephone: (301) 815-6600
Fax: (301) 846-8152
SMT SERIES 2000-4
Interest Distribution Factors Statement
<TABLE>
<CAPTION>
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class(5) Amount Rate Balance Interest Shortfall Shortfall
--------- -------------- ----------- ------------ ---------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
A 377,119,000.00 6.97625 % 873.91757156 5.08055622 0.00000000 0.00000000
B 3,809,982.43 7.86625 % 999.81820914 6.55401710 0.00000000 0.00000000
C 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-UT 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-LT 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class(5) Shortfall Loss(6) Distribution Shortfall Balance
--------- ------------- ---------- ------------ --------- ------------
<S> <C> <C> <C> <C> <C>
A 0.00000000 0.00000000 5.08055622 0.00000000 862.57053416
B 0.00000000 0.00000000 6.55401710 0.00000000 999.81820914
C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-UT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-LT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
----------
(5) Per $1,000 Denomination.
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
<PAGE> 6
Sequoia Mortgage Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Nov-2000 Securities Administration Services
Distribution Date: 22-Dec-2000 7485 New Horizon Way
Frederick, MD 21703
21-Dec-2000 8:10:57AM Telephone: (301) 815-6600
Fax: (301) 846-8152
SMT SERIES 2000-4
Certificateholder Account Statement
CERTIFICATE ACCOUNT
<TABLE>
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,591,324.07
Liquidations, Insurance Proceeds, Reserve Funds 50.61
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 36,191.14
Realized Losses 0.00
------------
Total Deposits 6,627,565.82
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 139,573.73
Payment of Interest and Principal 6,487,992.09
------------
Total Withdrawals (Pool Distribution Amount) 6,627,565.82
Ending Balance 0.00
============
</TABLE>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<TABLE>
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
----
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
====
</TABLE>
SERVICING FEES
<TABLE>
<S> <C>
Gross Servicing Fee 103,576.53
Trustee Fee 1,666.90
AMBAC Premium 34,330.30
Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 139,573.73
==========
</TABLE>
OTHER ACCOUNTS
<TABLE>
<CAPTION>
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
------------ --------- ----------- -------- ---------
<S> <C> <C> <C> <C>
Reserve Fund 10,000.00 50.61 50.61 10,000.00
Financial Guaranty 0.00 0.00 0.00 0.00
</TABLE>
<PAGE> 7
Sequoia Mortgage Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Nov-2000 Securities Administration Services
Distribution Date: 22-Dec-2000 7485 New Horizon Way
Frederick, MD 21703
21-Dec-2000 8:10:57AM Telephone: (301) 815-6600
Fax: (301) 846-8152
SMT SERIES 2000-4
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
------ ------------
<S> <C> <C>
30 Days 16 4,385,542.67
60 Days 0 0.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 1 839,975.00
-- ------------
17 5,225,517.67
</TABLE>
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
---------- ----------
<S> <C> <C>
30 Days 1.997503 % 1.332582 %
60 Days 0.000000 % 0.000000 %
90 Days 0.000000 % 0.000000 %
120 Days 0.000000 % 0.000000 %
150 Days 0.000000 % 0.000000 %
180+ Days 0.124844 % 0.255233 %
---------- ----------
2.122347 % 1.587816 %
</TABLE>
BANKRUPTCY
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
------ ---------
<S> <C> <C>
0-29 Days 0 0.00
30 Days 0 0.00
60 Days 0 0.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
---- ----
0 0.00
</TABLE>
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
---------- ----------
<S> <C> <C>
0-29 Days 0.000000 % 0.000000 %
30 Days 0.000000 % 0.000000 %
60 Days 0.000000 % 0.000000 %
90 Days 0.000000 % 0.000000 %
120 Days 0.000000 % 0.000000 %
150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 %
---------- ----------
0.000000 % 0.000000 %
</TABLE>
FORECLOSURE
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
------ ---------
<S> <C> <C>
0-29 Days 0 0.00
30 Days 0 0.00
60 Days 0 0.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
---- ----
0 0.00
</TABLE>
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
---------- ----------
<S> <C> <C>
0-29 Days 0.000000 % 0.000000 %
30 Days 0.000000 % 0.000000 %
60 Days 0.000000 % 0.000000 %
90 Days 0.000000 % 0.000000 %
120 Days 0.000000 % 0.000000 %
150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 %
---------- ----------
0.000000 % 0.000000 %
</TABLE>
REO
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
------ ---------
<S> <C> <C>
0-29 Days 0 0.00
30 Days 0 0.00
60 Days 0 0.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
--- ----
0 0.00
</TABLE>
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
---------- ----------
<S> <C> <C>
0-29 Days 0.000000 % 0.000000 %
30 Days 0.000000 % 0.000000 %
60 Days 0.000000 % 0.000000 %
90 Days 0.000000 % 0.000000 %
120 Days 0.000000 % 0.000000 %
150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 %
---------- ----------
0.000000 % 0.000000 %
</TABLE>
TOTAL
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
------ ------------
<S> <C> <C>
0-29 Days 0 0.00
30 Days 16 4,385,542.67
60 Days 0 0.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 1 839,975.00
-- ------------
17 5,225,517.67
</TABLE>
<TABLE>
<CAPTION>
NO. OF PRINCIPAL
LOANS BALANCE
---------- ----------
<S> <C> <C>
0-29 Days 0.000000 % 0.000000 %
30 Days 1.997503 % 1.332582 %
60 Days 0.000000 % 0.000000 %
90 Days 0.000000 % 0.000000 %
120 Days 0.000000 % 0.000000 %
150 Days 0.000000 % 0.000000 %
180+ Days 0.124844 % 0.255233 %
---------- ----------
2.122347 % 1.587816 %
</TABLE>
----------
(7) Delinquencies are stratified according to the information the Servicer has
provided.
<TABLE>
<S> <C>
Current Period Realized Loss -- Includes Interest Shortfall 0.00
Cumulative Realized Losses -- Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 36,191.14
</TABLE>
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT
PERCENTAGE
<TABLE>
<CAPTION>
Current Next
Original $ Original % Current $ Current % Class % Prepayment %
------------ ------------ ------------ ------------ ----------- ------------
<S> <C> <C> <C> <C> <C> <C>
Class A 3,809,982.43 1.00018182 % 3,809,289.81 1.15748342 % 98.842517 % 0.000000 %
Class B 0.00 0.00000000 % 0.00 0.00000000 % 1.157483 % 100.000000 %
Class C 0.00 0.00000000 % 0.00 0.00000000 % 0.000000 % 0.000000 %
</TABLE>
Please Refer to the Prospectus Supplement for a Full Description of Loss
Exposure
<PAGE> 8
Sequoia Mortgage Trust Contact: Customer Service - CTSLink
Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A.
Record Date: 30-Nov-2000 Securities Administration Services
Distribution Date: 22-Dec-2000 7485 New Horizon Way
Frederick, MD 21703
21-Dec-2000 8:10:57AM Telephone: (301) 815-6600
Fax: (301) 846-8152
SMT SERIES 2000-4
COLLATERAL STATEMENT
<TABLE>
<CAPTION>
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 8.452988%
Weighted Average Net Coupon 8.074165%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity (Stepdown Calculation) 279
Beginning Scheduled Collateral Loan Count 809
Number of Loans Paid in Full 8
Ending Scheduled Collateral Loan Count 801
Beginning Scheduled Collateral Balance 333,380,210.48
Ending Scheduled Collateral Balance 329,101,027.07
Ending Actual Collateral Balance at 30-Nov-2000 329,101,027.13
Monthly P&I Constant 2,348,023.35
Class A Optimal Amount 6,229,487.98
Ending Scheduled Balance for Premium Loans 329,101,027.07
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 3,809,289.82
Overcollateralized Amount 3,809,289.80
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Serious Delinquencies 0.00353
Floor Amount 2,856,967.37
Excess Cash Flow Principal Amount (Current/Cummulative) 0.00/0.00
Required Payment 0.00
Preference Amount 0.00
Alternate Certificate Rate Used? No
Specified OC 3,809,289.82
</TABLE>
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