Close

Form 10-D Sequoia Mortgage Trust For: Jul 25

August 8, 2022 3:37 PM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-D

 

 

ASSET-BACKED ISSUER DISTRIBUTION REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:

June 28, 2022 to July 25, 2022

Commission File Number of issuing entity: 333-179292-07

Central Index Key Number of issuing entity: 0001564968

 

 

Sequoia Mortgage Trust 2013-2

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-179292

Central Index Key Number of depositor: 0001176320

Sequoia Residential Funding, Inc.

(Exact name of depositor as specified in its charter)

 

Central Index Key Number of sponsor: 0001530239

RWT Holdings, Inc.

(Exact name of sponsor as specified in its charter)

Jeremy P. Strom

(720) 627-8472

(Name and telephone number, including area code, of the person to contact in connection with this filing)

 

 

 

 

New York

(State or other jurisdiction of incorporation or organization of the issuing entity)

38-3896066

38-3896067

(I.R.S. Employer Identification No.)

 

c/o Citibank, N.A.

388 Greenwich Street, 14th Floor

New York, New York

  10013
(Address of principal executive offices of the issuing entity)   (Zip Code)

(212) 816-5693

(Telephone number, including area code)

 

 

 

     Registered/reporting pursuant to
(check one)
   Name of
exchange
(If Section 12(b))

Title of class

   Section 12(b)    Section 12(g)    Section 15(d)   

A-1

   ¨    ¨    x   
           

 

A-IO1

   ¨    ¨    x   
           

 

A-IO2

   ¨    ¨    x   
           

 

B-1

   ¨    ¨    x   
           

 

B-2

   ¨    ¨    x   
           

 

B-3

   ¨    ¨    x   
           

 

B-4

   ¨    ¨    x   
           

 

B-5

   ¨    ¨    x   
           

 

LT-R

   ¨    ¨    x   
           

 

R

   ¨    ¨    x   
           

 

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

 

 

 


PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On July 25, 2022, a distribution was made to holders of the certificates issued by Sequoia Mortgage Trust 2013-2.

The distribution report is attached as Exhibit 99.1 to this Form 10-D.

No assets securitized by Sequoia Residential Funding, Inc. (the “Depositor”) and held by Sequoia Mortgage Trust 2013-2 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from June 28, 2022 to July 25, 2022.

RWT Holdings, Inc. (the “Securitizer”), an affiliate of the Depositor, is the sponsor and the Securitizer of assets held by Sequoia Mortgage Trust 2013-2. The Securitizer filed its first Form ABS-15G on February 6, 2012, and most recently filed its Form ABS-15G on February 11, 2022. The CIK number of the Securitizer is 0001530239.

PART II – OTHER INFORMATION

Item 10. Exhibits.

(a) The following is a list of documents filed as part of this Report on Form 10-D:

(99.1): Monthly report distributed to holders of the certificates issued by Sequoia Mortgage Trust 2013-2, relating to the July 25, 2022 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form 10-D are listed above and in the Exhibit Index that immediately follows the signature page hereof.

EXHIBIT INDEX

 

Exhibit
Number
   Description
Exhibit 99.1    Monthly report distributed to holders of the certificates issued by Sequoia Mortgage Trust 2013-2, relating to the July 25, 2022 distribution.

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 thereunto duly authorized.

 

Sequoia Residential Funding, Inc.
(Depositor)

/s/ Jeremy P. Strom

Jeremy P. Strom, President & Senior Officer in Charge of Securitization

Date: August 8, 2022


Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2

 

CONTACT INFORMATION  
Depositor Sequoia Residential Funding, Inc.
Trustee Christiana Trust
Master Servicer Wells Fargo Bank, N.A.

 

CONTENTS  
Distribution Summary 2
Distribution Summary (Factors) 3
Interest Distribution 4
Principal Distribution 5
Reconciliation Detail 6
Collateral Summary 7
Stratification Detail 8
Delinquency Information 9
Standard Prepayment and Default Information 11
Distribution Waterfall Detail 12
Other Information 13
Asset Level Detail 14

 

Deal Contact: Karen Schluter Citibank, N.A.
  [email protected] Agency and Trust
  Tel: (212) 816-5827 388 Greenwich Street
    New York, NY 10013

 

Reports Available at sf.citidirect.com Page 1 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
DISTRIBUTION IN DOLLARS Distribution Summary

 

        Prior   Pass-                                   Current
    Original   Principal   Through   Accrual   Accrual   Interest   Principal     Total   Balance   Realized     Principal
Class   Balance   Balance   Rate   Day Count   Dates   Distributed   Distributed     Distributed   Change   Loss     Balance
(1 ) (2 ) (3 ) (4 ) (5 ) (6 ) (7 ) (8 ) (9)= (7 +8) (10 ) (11 ) (12)= (3-8+10-11)
A   619,163,000.00   57,501,341.41   1.874000 % 30 / 360   06/01 - 06/30   89,797.93   2,009,711.33     2,099,509.26   0.00   0.00     55,491,630.08
B-1   14,654,000.00   2,693,143.48   3.626992 % 30 / 360   06/01 - 06/30   8,140.01   180,109.73     188,249.74   0.00   0.00     2,513,033.75
B-2   12,657,000.00   2,326,130.55   3.626992 % 30 / 360   06/01 - 06/30   7,030.71   155,564.95     162,595.66   0.00   0.00     2,170,565.60
B-3   6,661,000.00   1,224,172.85   3.626992 % 30 / 360   06/01 - 06/30   3,700.05   81,869.18     85,569.23   0.00   0.00     1,142,303.67
B-4   5,662,000.00   1,040,574.47   3.626992 % 30 / 360   06/01 - 06/30   3,145.13   69,590.64     72,735.77   0.00   0.00     970,983.83
B-5   7,328,404.00   6,653,745.04   3.626992 % 30 / 360   06/01 - 06/30   20,110.91   0.00     20,110.91   0.00   0.00     6,653,745.04
LT-R   0.00   0.00   0.000000 % -   -   0.00   0.00     0.00   0.00   0.00     0.00
R   0.00   0.00   0.000000 % -   -   0.00   0.00     0.00   0.00   0.00     0.00
Totals   666,125,404.00   71,439,107.80               131,924.74   2,496,845.83     2,628,770.57   0.00   0.00     68,942,261.97

 

Notional Classes                        
A-IO1 619,163,000.00 57,501,341.41 0.626000 % 30 / 360 06/01 - 06/30 29,996.53 0.00 29,996.53 0.00 0.00 55,491,630.08
A-IO2 619,163,000.00 57,501,341.41 1.126992 % 30 / 360 06/01 - 06/30 54,002.96 0.00 54,002.96 0.00 0.00 55,491,630.08
Totals 1,238,326,000.00 115,002,682.82         83,999.49 0.00 83,999.49 0.00 0.00 110,983,260.16

 

Reports Available at sf.citidirect.com Page 2 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
PER $1,000 OF ORIGINAL BALANCE Distribution Summary (Factors)

 

        Prior           Current
      Record Principal Interest Principal Total Balance Realized Principal
Class CUSIP(s)   Date Balance Distributed Distributed Distributed Change Loss Balance
        (3/2 x 1000) (7/2 x 1000) (8/2 x 1000) (9/2 x 1000) (10/2 x 1000) (11/2 x 1000) (12/2 x 1000)
A 81745 MAA9 6/30/2022 92.869473 0.145031 3.245852 3.390883 0.000000 0.000000 89.623621
B-1 81745 MAD3 6/30/2022 183.782140 0.555480 12.290824 12.846304 0.000000 0.000000 171.491316
B-2 81745 MAE1 6/30/2022 183.782140 0.555480 12.290823 12.846303 0.000000 0.000000 171.491317
B-3 81745 MAF8 6/30/2022 183.782142 0.555480 12.290824 12.846304 0.000000 0.000000 171.491318
B-4 81745 MAG6 6/30/2022 183.782139 0.555480 12.290823 12.846303 0.000000 0.000000 171.491316
B-5 81745 MAH4 6/30/2022 907.939169 2.744241 0.000000 2.744241 0.000000 0.000000 907.939169
LT-R 81745 MAK7 6/30/2022 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 81745 MAJ0 6/30/2022 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-IO1 81745 MAB7 6/30/2022 92.869473 0.048447 0.000000 0.048447 0.000000 0.000000 89.623621
A-IO2 81745 MAC5 6/30/2022 92.869473 0.087219 0.000000 0.087219 0.000000 0.000000 89.623621

 

Reports Available at sf.citidirect.com Page 3 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
DISTRIBUTION IN DOLLARS Interest Distribution Detail

 

    Prior   Pass-   Next Pass-   Interest   Optimal   Prior   Interest on   Non-Recov.                 Current
    Principal   Through   Through   Accrual Day   Accrued   Unpaid   Prior Unpaid   Interest     Interest Deferred   Interest     Unpaid
Class   Balance   Rate   Rate   Cnt Fraction   Interest   Interest   Interest   Shortfall     Due Interest   Distributed     Interest
(1 ) (2 ) (3 ) (4 ) (5 ) (6 ) (7 ) (8 ) (9 ) (10)= (6)+(7)+(8)-(9) (11 ) (12 ) (13)= (10)-(11)-(12)
A   57,501,341.41   1.874000 % 1.874000 % 30 / 360   89,797.93   0.00   0.00   0.00     89,797.93 0.00   89,797.93     0.00
B-1   2,693,143.48   3.626992 % 3.625410 % 30 / 360   8,140.01   0.00   0.00   0.00     8,140.01 0.00   8,140.01     0.00
B-2   2,326,130.55   3.626992 % 3.625410 % 30 / 360   7,030.71   0.00   0.00   0.00     7,030.71 0.00   7,030.71     0.00
B-3   1,224,172.85   3.626992 % 3.625410 % 30 / 360   3,700.05   0.00   0.00   0.00     3,700.05 0.00   3,700.05     0.00
B-4   1,040,574.47   3.626992 % 3.625410 % 30 / 360   3,145.13   0.00   0.00   0.00     3,145.13 0.00   3,145.13     0.00
B-5   6,653,745.04   3.626992 % 3.625410 % 30 / 360   20,110.91   258.71   0.00   0.00     20,369.62 0.00   20,110.91     258.71
LT-R   0.00   0.000000 % -   -   0.00   0.00   0.00   0.00     0.00 0.00   0.00     0.00
R   0.00   0.000000 % -   -   0.00   0.00   0.00   0.00     0.00 0.00   0.00     0.00
Totals   71,439,107.80               131,924.74   258.71   0.00   0.00     132,183.45 0.00   131,924.74     258.71

 

Notional Classes                            
A-IO1 57,501,341.41 0.626000 % 0.626000 % 30 / 360 29,996.53 0.00 0.00 0.00 29,996.53 0.00 29,996.53 0.00
A-IO2 57,501,341.41 1.126992 % 1.125409 % 30 / 360 54,002.96 0.00 0.00 0.00 54,002.96 0.00 54,002.96 0.00
Totals 115,002,682.82           83,999.49 0.00 0.00 0.00 83,999.49 0.00 83,999.49 0.00

 

Reports Available at sf.citidirect.com Page 4 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
DISTRIBUTION IN DOLLARS Principal Distribution Detail

 

        Prior   Scheduled   Unscheduled       Current   Current     Current   Cumulative   Original   Current   Original   Current  
    Original   Principal   Principal   Principal   Balance   Realized   Principal     Principal   Realized   Class   Class   Credit   Credit  
Class   Balance   Balance   Distribution   Distribution   Change   Losses   Recoveries     Balance   Losses   (%)   (%)   Support   Support  
(1 ) (2 ) (3 ) (4 ) (5 ) (6 ) (7 ) (8 ) (9)= (3)-(4)-(5)+(6)-   (10 ) (11 ) (12 ) (13 ) (14 )
                                (7)+ (8 )                    
A   619,163,000.00   57,501,341.41   170,503.17   1,839,208.16   0.00   0.00   0.00     55,491,630.08   0.00   92.95 % 80.49 % 7.05 % 19.51 %
B-1   14,654,000.00   2,693,143.48   15,280.44   164,829.29   0.00   0.00   0.00     2,513,033.75   0.00   2.20 % 3.65 % 4.85 % 15.86 %
B-2   12,657,000.00   2,326,130.55   13,198.07   142,366.88   0.00   0.00   0.00     2,170,565.60   0.00   1.90 % 3.15 % 2.95 % 12.72 %
B-3   6,661,000.00   1,224,172.85   6,945.75   74,923.43   0.00   0.00   0.00     1,142,303.67   0.00   1.00 % 1.66 % 1.95 % 11.06 %
B-4   5,662,000.00   1,040,574.47   5,904.04   63,686.60   0.00   0.00   0.00     970,983.83   0.00   0.85 % 1.41 % 1.10 % 9.65 %
B-5   7,328,404.00   6,653,745.04   0.00   0.00   0.00   0.00   0.00     6,653,745.04   0.00   1.10 % 9.65 % 0.00 % 0.00 %
Totals   666,125,404.00   71,439,107.80   211,831.47   2,285,014.36   0.00   0.00   0.00     68,942,261.97   0.00   100 % 100 %        

 

Reports Available at sf.citidirect.com Page 5 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Reconciliation Detail

 

SOURCE OF FUNDS
 
Interest Funds Available      
Scheduled Interest   231,640.85  
Uncompensated PPIS   0.00  
Relief Act Shortfall   0.00  
Losses in Excess of Principal Balance   0.00  
Stop Advance Interest   0.00  
Other Interest Reductions   0.00  
Total Interest Funds Available:     231,640.85
Principal Funds Available      
Scheduled Principal   211,831.48  
Curtailments   24,210.50  
Curtailments Adjustments   0.00  
Prepayments in Full   2,260,803.85  
Liquidation Principal   0.00  
Repurchased Principal   0.00  
Other Principal   0.00  
Substitution Principal   0.00  
Principal Losses and Forgiveness   0.00  
Subsequent Recoveries / (Losses)   0.00  
Total Principal Funds Available:     2,496,845.83
Total Funds Available     2,728,486.68

 

ALLOCATION OF FUNDS
Scheduled Fees    
Master Servicing Fee 217.32  
Servicing Fee 14,883.15  
Trustee Fee 50.59  
Securities Administrator Fee 565.56  
Total Scheduled Fees:   15,716.62
Additional Fees, Expenses, etc.    
Trust Fund Expenses 0.00  
Other Expenses 0.00  
Total Additional Fees, Expenses, etc.:   0.00
Distributions    
Interest Distribution 215,924.23  
Principal Distribution 2,496,845.83  
Total Distributions:   2,712,770.06
Total Funds Allocated   2,728,486.68

 

Reports Available at sf.citidirect.com Page 6 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
    Collateral Summary

 

ASSET CHARACTERISTICS
  Cut-Off   Beginning   Ending   Delta or % of Orig  
Aggregate Stated Principal Balance 666,125,404.69   71,439,107.91   68,942,262.08   10.35 %
Aggregate Actual Principal Balance 666,125,404.69   71,689,837.20   69,149,182.97   10.38 %
Loan Count 777   120   117   660  
Weighted Average Coupon Rate (WAC) 3.946533 % 3.890992 % 3.889410 % -0.057123 %
Net Weighted Average Coupon Rate (Net WAC) 3.682533 % 3.626992 % 3.625410 % -0.057123 %
Weighted Average Remaining Term (WART in months) 353   242   241   112  

 

AVAILABLE PRINCIPAL
 
Scheduled Principal 211,831.48
Curtailments 24,210.50
Curtailments Adjustments 0.00
Prepayments in Full 2,260,803.85
Liquidation Principal 0.00
Repurchased Principal 0.00
Other Principal 0.00
Substitution Principal 0.00
Principal Losses and Forgiveness 0.00
Subsequent Recoveries / (Losses) 0.00
 
TOTAL AVAILABLE PRINCIPAL 2,496,845.83
 
Realized Loss Summary

Principal Losses and Forgiveness 0.00
Losses in Excess of Principal Balance 0.00
Subsequent (Recoveries) / Losses 0.00
Cumulative Realized Losses 0.00

 

AVAILABLE INTEREST
 
Scheduled Interest 231,640.85
 
Less: Master Servicing Fee 217.32
  Servicing Fee 14,883.15
  Trustee Fee 50.59
  Securities Administrator Fee 565.56
  Uncompensated PPIS 0.00
  Relief Act Shortfall 0.00
  Other Expenses 0.00
  Losses in Excess of Principal Balance 0.00
  Stop Advance Interest 0.00
  Other Interest Reductions 0.00
 
TOTAL AVAILABLE INTEREST 215,924.23

 

Reports Available at sf.citidirect.com Page 7 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Stratification Detail

 

Loan Rate
 
    # of Ending Sched % of Agg    
Loan Rate   Loans Balance Balance WAC WART
 
3.00 or Less   1 343,145.84 0.50 3.0000 233
3.01 to 3.25   0 0.00 0.00 0.0000 0
3.26 to 3.50   10 5,091,182.42 7.38 3.4351 232
3.51 to 3.75   22 16,340,387.95 23.70 3.7037 244
3.76 to 4.00   50 30,374,530.14 44.06 3.8967 242
4.01 to 4.25   25 12,989,313.52 18.84 4.1504 240
4.26 to 4.50   4 2,395,350.55 3.47 4.3137 242
4.51 to 4.75   5 1,408,351.66 2.04 4.6179 240
4.76 to 5.00   0 0.00 0.00 0.0000 0
5.01 to 5.25   0 0.00 0.00 0.0000 0
5.26 to 5.50   0 0.00 0.00 0.0000 0
5.51 to 5.75   0 0.00 0.00 0.0000 0
5.76 to 6.00   0 0.00 0.00 0.0000 0
6.01 or Greater   0 0.00 0.00 0.0000 0
  Totals 117 68,942,262.08 100.00 3.8894 241

 

Ending Scheduled Balance
 
Ending Sched # of Ending Sched % of Agg    
Balance Loans Balance Balance WAC WART
 
1 to 150,000 6 681,326.94 0.99 4.1404 237
150,001 to 300,000 13 2,638,812.72 3.83 3.9933 228
300,001 to 450,000 23 8,782,190.38 12.74 3.9215 229
450,001 to 600,000 28 14,460,373.95 20.97 3.8931 244
600,001 to 750,000 14 9,448,733.56 13.71 3.9056 243
750,001 to 900,000 16 13,113,488.12 19.02 3.9489 243
900,001 to 1,050,000 9 8,546,019.77 12.40 3.8406 243
1,050,001 to 1,200,000 2 2,199,473.11 3.19 3.7239 243
1,200,001 to 1,350,000 2 2,601,773.60 3.77 3.8511 242
1,350,001 to 1,500,000 2 2,894,776.29 4.20 3.8091 241
1,500,001 to 1,650,000 1 1,575,293.64 2.28 3.7500 243
1,650,001 to 1,800,000 0 0.00 0.00 0.0000 0
1,800,001 to 1,950,000 0 0.00 0.00 0.0000 0
1,950,001 or Greater 1 2,000,000.00 2.90 3.7000 244
Totals 117 68,942,262.08 100.00 3.8894 241

 

Reports Available at sf.citidirect.com Page 8 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Delinquency Information

 

  DELINQUENT         BANKRUPTCY         FORECLOSURE         REO         TOTAL      
Days Balance   Count   Days Balance   Count   Days Balance   Count   Days Balance   Count   Days Balance   Count  
          < 30 0.00   0   < 30 0.00   0   < 30 0.00   0   < 30 0.00   0  
            0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
30-59 0.00   0   30-59 0.00   0   30-59 0.00   0   30-59 0.00   0   30-59 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
60-89 0.00   0   60-89 0.00   0   60-89 0.00   0   60-89 0.00   0   60-89 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
90-119 0.00   0   90-119 0.00   0   90-119 0.00   0   90-119 0.00   0   90-119 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
120-149 0.00   0   120-149 0.00   0   120-149 0.00   0   120-149 0.00   0   120-149 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
150-179 0.00   0   150-179 0.00   0   150-179 0.00   0   150-179 0.00   0   150-179 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
180+ 0.00   0   180+ 0.00   0   180+ 0.00   0   180+ 0.00   0   180+ 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
Total 0.00   0   Total 0.00   0   Total 0.00   0   Total 0.00   0   Total 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %

 

Principal and Interest Advances N/A

 

Reports Available at sf.citidirect.com Page 9 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Historical Delinquency Information

 

Distribution 1 Month       2 Month       3 + Month     Bankruptcy       Foreclosure       REO       Total      
Date Balance   Cnt   Balance   Cnt   Balance   Cnt   Balance   Cnt   Balance   Cnt   Balance   Cnt   Balance   Cnt  
07/2022 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
06/2022 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
05/2022 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
04/2022 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
03/2022 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
02/2022 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
01/2022 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
12/2021 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
11/2021 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
10/2021 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
09/2021 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %
08/2021 0   0   0   0   0   0   0   0   0   0   0   0   0   0  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 %

 


Reports Available at sf.citidirect.com Page 10 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Standard Prepayment and Default Information

 

  Wtd. Avg. Current                              
Payment Age Collateral Scheduled Unscheduled Liquidation                        
Date (Months) Balance Principal Principal Principal SMM   CPR   PSA   MDR   CDR   SDA  
 
25-Jul-2022 116.84 68,942,262.08 211,831.48 2,285,014.35 0.00 3.208 % 32.381 % 540 % 0.000 % 0.000 % 0 %
27-Jun-2022 115.89 71,439,107.91 213,598.69 973,624.08 0.00 1.345 % 14.993 % 250 % 0.000 % 0.000 % 0 %
25-May-2022 114.89 72,626,330.68 214,671.68 1,459,826.88 0.00 1.970 % 21.244 % 354 % 0.000 % 0.000 % 0 %
25-Apr-2022 113.96 74,300,829.24 217,004.43 1,200,160.67 0.00 1.590 % 17.493 % 292 % 0.000 % 0.000 % 0 %
25-Mar-2022 112.94 75,717,994.34 224,941.15 3,524,919.32 0.00 4.448 % 42.075 % 701 % 0.000 % 0.000 % 0 %
25-Feb-2022 112.61 79,467,854.81 241,738.07 6,060,823.73 0.00 7.086 % 58.604 % 977 % 0.000 % 0.000 % 0 %
25-Jan-2022 111.69 85,770,416.61 251,480.73 1,907,920.63 0.00 2.176 % 23.203 % 387 % 0.000 % 0.000 % 0 %
27-Dec-2021 110.69 87,929,817.97 255,881.01 701,522.15 0.00 0.792 % 9.095 % 152 % 0.000 % 0.000 % 0 %
26-Nov-2021 109.71 88,887,221.13 272,852.72 8,402,780.11 0.00 8.637 % 66.174 % 1,103 % 0.000 % 0.000 % 0 %
25-Oct-2021 108.70 97,562,853.96 275,547.17 3,691,551.48 0.00 3.646 % 35.961 % 599 % 0.000 % 0.000 % 0 %
27-Sep-2021 107.64 101,529,952.61 289,212.87 7,221,858.64 0.00 6.641 % 56.158 % 936 % 0.000 % 0.000 % 0 %
SMM (Single Month Mortality) = (Beginning Balance - Ending Balance - Scheduled Principal) / (Beginning Balance - Scheduled Principal)     MDR (Monthly Default Rate) = Beginning Balance of Liquidated Asset / Total Beginning Balance  
CPR (Constant Prepayment Rate) = 1 - ((1-SMM)^12)           CDR (Conditional Default Rate) = 1 - ((1-MDR)^12)              
PSA (Public Securities Association) = CPR / (min(.2% * Age, 6%))           SDA (Standard Default Assumption) = CDR / (min(.2% * Age, 6%))          
 
    CPR               CDR              

 


Reports Available at sf.citidirect.com Page 11 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Waterfall Detail

 

      Remaining
DISTRIBUTIONS Amount   Available
  Distributed   Funds
 
 
 
Available Distribution Amount     2,712,770.06
 
Senior Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (173,797.42 ) 2,538,972.64
Senior Certificates, the Senior Principal Distribution Amount (2,009,711.33 ) 529,261.31
Class B-1 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (8,140.01 ) 521,121.30
Class B-1 Certificates, the Subordinate Principal Distribution Amount (180,109.73 ) 341,011.57
Class B-2 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (7,030.71 ) 333,980.86
Class B-2 Certificates, the Subordinate Principal Distribution Amount (155,564.95 ) 178,415.91
Class B-3 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (3,700.05 ) 174,715.86
Class B-3 Certificates, the Subordinate Principal Distribution Amount (81,869.18 ) 92,846.68
Class B-4 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (3,145.13 ) 89,701.55
Class B-4 Certificates, the Subordinate Principal Distribution Amount (69,590.64 ) 20,110.91
Class B-5 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (20,110.91 ) 0.00
Class B-5 Certificates, the Subordinate Principal Distribution Amount 0.00   0.00
Class LT-R and R Certificates, any remaining amounts 0.00   0.00

 

Reports Available at sf.citidirect.com Page 12 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Other Information

 

Principal Percentages    
 
Senior Percentage 80.490005 %
Subordinate Percentage 19.509995 %
Senior Prepayment Percentage 80.490005 %
Subordinate Prepayment Percentage 19.509995 %
 
Other Information    
 
Step-Down Test satisfied? Yes  

 

Reports Available at sf.citidirect.com Page 13 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Voluntary Prepayments, Repurchases, and Substitutions

 

        Scheduled                
      Original Principal Principal Prepayment Prepayment Current        
  Principal Pay   Principal Balance at Pay Down Penalties Penalties Note   Original Original  
Loan Number Down Date Payoff Type Balance Payoff Amount Collected Waived Rate   LTV Term State
0000000124865598 07/01/2022 Voluntary Prepayment 910,000.00 723,943.92 723,943.92 0.00 0.00 4.05000 % 49.18 360 CA
0000000124889622 07/01/2022 Voluntary Prepayment 1,341,600.00 1,063,797.11 1,063,797.11 0.00 0.00 3.95000 % 65.00 360 CA
0000000048032189 07/01/2022 Voluntary Prepayment 606,000.00 479,164.09 479,164.09 0.00 0.00 3.75000 % 67.33 360 MA
Count: 3   TOTALS: 2,857,600.00 2,266,905.12 2,266,905.12 0.00 0.00 3.939661 % 60.46 360  

 

Reports Available at sf.citidirect.com Page 14 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Liquidation / Loss Detail

 

      Most Recent Cutoff Prior Unpaid Prior Scheduled Current Subsequent    
    Most Recent Next Due Principal Principal Principal Realized Loss Loss / (Recovery) Total Realized Loss
Loan Number Loss Type Loan Status Date Balance Balance Balance Amount Amount Loss Amount Severity
 
No Loans With Losses to Report.

 

Reports Available at sf.citidirect.com Page 15 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    REO Detail

 

            Current  
      REO Original Unpaid Principal Scheduled REO
  Group   Acquisition Principal Balance at Principal Book
Loan Number No. State Date Balance Acquisition Balance Value
 
      No REOs to Report.      

 

Reports Available at sf.citidirect.com Page 16 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Material Modifications, Extensions, and Waivers Loan Detail: Part 1

 

Effective       Current Current            
Mod.       Scheduled Actual Delinquency Capitalized Deferred Deferred Forgiven Forgiven
Date Loan Number P&I Balance Balance Balance Status Amount Principal Interest Principal Interest
 
No Modified Loans to Report.

 

Reports Available at sf.citidirect.com Page 17 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-2
 
 
    Material Modifications, Extensions, and Waivers Loan Detail: Part 2

 

    Interest   Period Life Initial Reset Next Int Reset IO Balloon Maturity
Loan Number Loan Type Rate Margin Cap Cap Date Reset Date Period Period Payment Date
 
        No Modified Loans to Report.          

 

Reports Available at sf.citidirect.com Page 18 of 18 © Copyright 2022 Citigroup

 



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings