-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RyB2AcxjktMXVnMvsAu4gusODPiYO4IoWshICwk8sk5zB5NUZeBNYi6sciFL8/V4 EejWttddUz9ScFfTzmCzTg== 0000950149-05-000489.txt : 20050711 0000950149-05-000489.hdr.sgml : 20050711 20050711131134 ACCESSION NUMBER: 0000950149-05-000489 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050620 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050711 DATE AS OF CHANGE: 20050711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sequoia Mortgage Trust 2005-3 CENTRAL INDEX KEY: 0001325318 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-118832-08 FILM NUMBER: 05947528 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153897373 MAIL ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 8-K 1 f10560ce8vk.txt FORM 8-K 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 June 20, 2005 Date of Report (Date of Earliest Event Reported) SEQUOIA RESIDENTIAL FUNDING, INC. SEQUOIA MORTGAGE TRUST 2005-3 (as Depositor of Sequoia Mortgage Trust 2005-3, the Issuer of Mortgage Pass- Through Certificates under a Pooling and Servicing Agreement dated as of April 1, 2005) SEQUOIA RESIDENTIAL FUNDING, INC. --------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 333-118832-08 35-2170972 -------- ------------- ---------- (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) One Belvedere Place, Suite 330, Mill Valley, CA 94941 ----------------------------------------------------- (Address of Principal Executive Offices) (415) 381-1765 -------------- (Registrant's Telephone Number, Including Area Code) Not Applicable -------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) INFORMATION TO BE INCLUDED IN THE REPORT Item 8.01. OTHER EVENTS Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 2005-3 (the "Certificates"). The following exhibit which relates specifically to the Certificates is included with this Current Report: Item 9.01. Exhibits 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, June 20, 2005. SIGNATURE 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 thereunto duly authorized. Date: July 6, 2005 SEQUOIA RESIDENTIAL FUNDING, INC. By: /s/ Harold F. Zagunis ------------------------------------- Harold F. Zagunis Chief Financial Officer and Secretary EXHIBIT INDEX
Exhibit Number Page Number - -------------- ----------- 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, June 20, 2005................................. 5
EX-10.1 2 f10560cexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM Telephone:(301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2005-3 RECORD DATE: MAY 31, 2005 DISTRIBUTION DATE: JUNE 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Ending Certificate Class CUSIP Description Rate Balance Distribution Distribution Realized Loss Balance - ------ --------- ----------- ------------ -------------- ------------ ------------ ------------- ------------------ A-R 81744FHN0 SEN 4.02264% 0.00 0.00 0.00 0.00 0.00 A-1 81744FHK6 SEN 3.29000% 343,539,467.54 941,870.71 8,799,505.07 0.00 334,739,962.47 B-1 81744FHP5 SUB 3.46000% 6,208,000.00 17,899.73 0.00 0.00 6,208,000.00 B-2 81744FHQ3 SUB 3.73000% 3,287,000.00 10,217.09 0.00 0.00 3,287,000.00 B-3 81744FHR1 SUB 3.91497% 2,374,000.00 7,745.12 0.00 0.00 2,374,000.00 B-4 81744FHS9 SUB 3.91497% 1,095,000.00 3,572.41 0.00 0.00 1,095,000.00 B-5 81744FHT7 SUB 3.91497% 731,000.00 2,384.87 0.00 0.00 731,000.00 B-6 81744FHU4 SUB 3.91497% 1,826,168.26 5,957.83 0.00 0.00 1,826,168.26 X-A 81744FHL4 IO 0.62497% 0.00 178,918.62 0.00 0.00 0.00 X-B 81744FHM2 IO 0.36150% 0.00 2,860.39 0.00 0.00 0.00 -------------- ------------ ------------ ---- ------------------ Totals 359,060,635.80 1,171,426.77 8,799,505.07 0.00 350,261,130.73 -------------- ------------ ------------ ---- ------------------ Total Cumulative Class Distribution Realized Loss - ------ ------------ ------------- A-R 0.00 0.00 A-1 9,741,375.78 0.00 B-1 17,899.73 0.00 B-2 10,217.09 0.00 B-3 7,745.12 0.00 B-4 3,572.41 0.00 B-5 2,384.87 0.00 B-6 5,957.83 0.00 X-A 178,918.62 0.00 X-B 2,860.39 0.00 ------------ ---- Totals 9,970,931.84 0.00 ------------ ----
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ------- -------------- -------------- ------------ ------------ --------- --------- --------------- ------------------ A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-1 349,687,000.00 343,539,467.54 3,143.67 8,796,361.40 0.00 0.00 8,799,505.07 334,739,962.47 B-1 6,208,000.00 6,208,000.00 0.00 0.00 0.00 0.00 0.00 6,208,000.00 B-2 3,287,000.00 3,287,000.00 0.00 0.00 0.00 0.00 0.00 3,287,000.00 B-3 2,374,000.00 2,374,000.00 0.00 0.00 0.00 0.00 0.00 2,374,000.00 B-4 1,095,000.00 1,095,000.00 0.00 0.00 0.00 0.00 0.00 1,095,000.00 B-5 731,000.00 731,000.00 0.00 0.00 0.00 0.00 0.00 731,000.00 B-6 1,826,168.26 1,826,168.26 0.00 0.00 0.00 0.00 0.00 1,826,168.26 X-A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ------------ ------------ ---- ---- --------------- ------------------ Totals 365,208,268.26 359,060,635.80 3,143.67 8,796,361.40 0.00 0.00 8,799,505.07 350,261,130.73 -------------- -------------- ------------ ------------ ---- ---- --------------- ------------------ Ending Certificate Total Principal Class Percentage Distribution - ------- ------------------ ---------------- A-R 0.00000000 0.00 A-1 0.95725595 8,799,505.07 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 X-A 0.00000000 0.00 X-B 0.00000000 0.00 ------------------ --------------- Totals 0.95907229 8,799,505.07 ------------------ ---------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- ------------- ------------ ------------ ---------- ---------- --------------- ------------------ A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 349,687,000.00 982.41989991 0.00898995 25.15495686 0.00000000 0.00000000 25.16394682 957.25595310 B-1 6,208,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 3,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 2,374,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 1,095,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 731,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 1,826,168.26 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Certificate Total Principal Class Percentage Distribution - ----- ------------------ --------------- A-R 0.00000000 1000.00000000 A-1 0.95725595 25.16394682 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 1.00000000 0.00000000 X-A 0.00000000 0.00000000 X-B 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Non- Beginning Current Unpaid Current Supported Original Face Current Certificate/ Accrued Interest Interest Interest Realized Total Interest Class Amount Certificate Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------ -------------- ---------------- ---------------- ------------ ---------- --------- --------- -------- -------------- A-R 100.00 4.02264% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-1 349,687,000.00 3.29000% 343,539,467.54 941,870.71 0.00 0.00 0.00 0.00 941,870.71 B-1 6,208,000.00 3.46000% 6,208,000.00 17,899.73 0.00 0.00 0.00 0.00 17,899.73 B-2 3,287,000.00 3.73000% 3,287,000.00 10,217.09 0.00 0.00 0.00 0.00 10,217.09 B-3 2,374,000.00 3.91497% 2,374,000.00 7,745.12 0.00 0.00 0.00 0.00 7,745.12 B-4 1,095,000.00 3.91497% 1,095,000.00 3,572.41 0.00 0.00 0.00 0.00 3,572.41 B-5 731,000.00 3.91497% 731,000.00 2,384.87 0.00 0.00 0.00 0.00 2,384.87 B-6 1,826,168.26 3.91497% 1,826,168.26 5,957.83 0.00 0.00 0.00 0.00 5,957.83 X-A 0.00 0.62497% 343,539,467.54 178,918.62 0.00 0.00 0.00 0.00 178,918.62 X-B 0.00 0.36150% 9,495,000.00 2,860.39 0.00 0.00 0.00 0.00 2,860.39 -------------- ------------ ---- ---- ---- ---- -------------- Totals 365,208,268.26 1,171,426.77 0.00 0.00 0.00 0.00 1,171,426.77 -------------- ------------ ---- ---- ---- ---- -------------- Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------ --------- -------------- A-R 0.00 0.00 A-1 0.00 334,739,962.47 B-1 0.00 6,208,000.00 B-2 0.00 3,287,000.00 B-3 0.00 2,374,000.00 B-4 0.00 1,095,000.00 B-5 0.00 731,000.00 B-6 0.00 1,826,168.26 X-A 0.00 334,739,962.47 X-B 0.00 9,495,000.00 ---- Totals 0.00 ----
(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. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non- Current Beginning Unpaid Current Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Total Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) Distribution - --------- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- -------------- A-R 100.00 4.02264% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 349,687,000.00 3.29000% 982.41989991 2.69346790 0.00000000 0.00000000 0.00000000 0.00000000 2.69346790 B-1 6,208,000.00 3.46000% 1000.00000000 2.88333280 0.00000000 0.00000000 0.00000000 0.00000000 2.88333280 B-2 3,287,000.00 3.73000% 1000.00000000 3.10833283 0.00000000 0.00000000 0.00000000 0.00000000 3.10833283 B-3 2,374,000.00 3.91497% 1000.00000000 3.26247683 0.00000000 0.00000000 0.00000000 0.00000000 3.26247683 B-4 1,095,000.00 3.91497% 1000.00000000 3.26247489 0.00000000 0.00000000 0.00000000 0.00000000 3.26247489 B-5 731,000.00 3.91497% 1000.00000000 3.26247606 0.00000000 0.00000000 0.00000000 0.00000000 3.26247606 B-6 1,826,168.26 3.91497% 1000.00000000 3.26247593 0.00000000 0.00000000 0.00000000 0.00000000 3.26247593 X-A 0.00 0.62497% 982.41989991 0.51165362 0.00000000 0.00000000 0.00000000 0.00000000 0.51165362 X-B 0.00 0.36150% 1000.00000000 0.30125224 0.00000000 0.00000000 0.00000000 0.00000000 0.30125224 Remaining Unpaid Interest Ending Certificate/ Class (5) Shortfall Notational Balance - --------- ---------- ------------------- A-R 0.00000000 0.00000000 A-1 0.00000000 957.25595310 B-1 0.00000000 1000.00000000 B-2 0.00000000 1000.00000000 B-3 0.00000000 1000.00000000 B-4 0.00000000 1000.00000000 B-5 0.00000000 1000.00000000 B-6 0.00000000 1000.00000000 X-A 0.00000000 957.25595310 X-B 0.00000000 1000.00000000
(5) Per $1 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. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 10,074,107.28 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 14,634.51 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,088,741.79 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 117,809.95 Payment of Interest and Principal 9,970,931.84 ------------- Total Withdrawals (Pool Distribution Amount) 10,088,741.79 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ---- Non-Supported Prepayment Curtailment Interest Shortfall 0.00 ====
SERVICING FEES Gross Servicing Fee 112,872.87 Master Servicing Fee 4,937.08 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 117,809.95 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------- --------- ----------- -------- -------- Reserve Fund 5,000.00 0.00 0.00 5,000.00 Reserve Fund 5,000.00 0.00 0.00 5,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance -------- ------------ 0-29 Days 0 0.00 30 Days 8 4,361,649.99 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 -------- ------------ 8 4,361,649.99
No. of Principal Loans Balance -------- ------------ 0-29 Days 0.000000% 0.000000% 30 Days 0.769971% 1.245246% 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% -------- ------------ 0.769971% 1.245246%
BANKRUPTCY
No. of Principal Loans Balance -------- ---------- 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
No. of Principal Loans Balance -------- ---------- 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%
FORECLOSURE
No. of Principal Loans Balance -------- --------- 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
No. of Principal Loans Balance -------- --------- 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%
REO
No. of Principal Loans Balance -------- ---------- 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
No. of Principal Loans Balance -------- ---------- 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%
TOTAL
No. of Principal Loans Balance -------- ------------ 0-29 Days 0 0.00 30 Days 8 4,361,649.99 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 -------- ------------ 8 4,361,649.99
No. of Principal Loans Balance -------- ------------ 0-29 Days 0.000000% 0.000000% 30 Days 0.769971% 1.245246% 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% -------- ------------ 0.769971% 1.245246%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 14,634.51
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 4.308698% Weighted Average Net Coupon 3.931471% Weighted Average Pass-Through Rate 3.914971% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 1,064 Number of Loans Paid in Full 25 Ending Scheduled Collateral Loan Count 1,039 Beginning Scheduled Collateral Balance 359,060,635.80 Ending Scheduled Collateral Balance 350,261,130.73 Ending Actual Collateral Balance at 31-May-2005 350,263,996.82 Monthly P&I Constant 1,292,380.23 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 3,143.67 Unscheduled Principal 8,796,361.40
MISCELLANEOUS REPORTING Senior Percentage 100% Senior Prepayment Percentage 100% Subordinate Prepayment Percentage 0.000000% Subordinate Percentage 0.000000%
-----END PRIVACY-ENHANCED MESSAGE-----