_________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
April 17, 2003
Sequoia Residential Funding, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware | 333-103634 | 35-2170972 |
(State or Other Jurisdiction Of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
591 Redwood Highway Mill Valley, California | 94941 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (415) 381-1765
No Change
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
In connection with the offering of the Sequoia Mortgage Trust 2003-2 Mortgage Pass-Through Certificates (the “Certificates”), Greenwich Capital Markets, Inc., as representative (the “Representative”) of the underwriters of the Certificates, has prepared certain materials (the “Computational Materials”) for distribution to its potential investors. Although Sequoia Residential Funding, Inc. provided the Representative with certain information regarding the characteristics of the mortgage loans in the related portfolio, it did not participate in the preparation of the Computational Materials.
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.
Item 7. Financial Statements;Pro Forma Financial Information and Exhibits.
(a)
Not applicable.
(b)
Not applicable.
(a)
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 RESIDENTIAL FUNDING, INC.
By:/s/ John H. Isbrandtsen
Name: John H. Isbrandtsen
Title: Vice President
Dated: April 17, 2003
EXHIBIT INDEX
Exhibit No.
Description
Page No.
99.1
Computational Materials
5
Exhibit 99.1 Computational Material (P)
GREENWICH CAPITAL MARKETS | Z_SEMT03-2_MKT | Wed, Apr 16 2003 09:43 AM | ||||||||||||
Price/Yield Report ( Deal Level ) | A1 | |||||||||||||
Tranche |
| A1 |
|
| Curr Balance |
| 653,528,000.00 |
|
|
| Settle |
| 04/29/2003 |
|
Coupon | 1.14800 | Orig Balance | 653,528,000.00 | Tranche Type | SEN_FLT |
| ||||||||
Margin | Factor | 1.000000 | Factor Date | 04/03 |
| |||||||||
Index |
| MULTIPLE |
|
| Calc Spread |
| Interp rate@WAL |
|
|
| Accr Days |
| 0 | . |
|
| Prepay Rate | 12 CPR | 15 CPR | 20 CPR | 25 CPR | 30 CPR | |||||||
| Delinq Rate (%) |
| ||||||||||||
|
| Opt Redeem | ASAP | ASAP | ASAP | ASAP | ASAP | |||||||
| Price | Price32nd | Yield | Yield | Yield | Yield | Yield | |||||||
| 100.0000 | 100-00 |
| |||||||||||
|
| |||||||||||||
| WAL (#yr) | 5.84 | 4.73 | 3.51 | 2.75 | 2.23 | ||||||||
| First Princ | 05/20/2003 | 05/20/2003 | 05/20/2003 | 05/20/2003 | 05/20/2003 | ||||||||
| Last Princ | 10/20/2014 | 10/20/2012 | 05/20/2010 | 11/20/2008 | 11/20/2007 | ||||||||
| Mod Durn | 5.41 | 4.44 | 3.34 | 2.64 | 2.16 |
These computational materials should be accompanied by a one page disclaimer which must be read in its entirely by the addressee of this communication.
If such disclaimer is not attached hereto, please contact Greenwich Capital Markets.
GREENWICH CAPITAL MARKETS | Z_SEMT03-2_MKT | Wed, Apr 16 2003 09:43 AM | ||||||||||||
Price/Yield Report ( Deal Level ) | A2 | |||||||||||||
Tranche |
| A2 |
|
| Curr Balance |
| 150,072,000.00 |
|
|
| Settle |
| 04/29/2003 |
|
Coupon | 1.14800 | Orig Balance | 150,072,000.00 | Tranche Type | SEN_FLT |
| ||||||||
Margin | Factor | 1.000000 | Factor Date | 04/03 |
| |||||||||
Index |
| MULTIPLE |
|
| Calc Spread |
| Interp rate@WAL |
|
|
| Accr Days |
| 0 | . |
|
| Prepay Rate | 12 CPR | 15 CPR | 20 CPR | 25 CPR | 30 CPR | |||||||
| Delinq Rate (%) |
| ||||||||||||
|
| Opt Redeem | ASAP | ASAP | ASAP | ASAP | ASAP | |||||||
| Price | Price32nd | Yield | Yield | Yield | Yield | Yield | |||||||
| 100.0000 | 100-00 |
| |||||||||||
|
| |||||||||||||
| WAL (#yr) | 5.82 | 4.73 | 3.51 | 2.75 | 2.23 | ||||||||
| First Princ | 05/20/2003 | 05/20/2003 | 05/20/2003 | 05/20/2003 | 05/20/2003 | ||||||||
| Last Princ | 10/20/2014 | 10/20/2012 | 05/20/2010 | 11/20/2008 | 11/20/2007 | ||||||||
| Mod Durn | 5.40 | 4.44 | 3.34 | 2.64 | 2.16 |
These computational materials should be accompanied by a one page disclaimer which must be read in its entirely by the addressee of this communication.
If such disclaimer is not attached hereto, please contact Greenwich Capital Markets.
GREENWICH CAPITAL MARKETS | Z_SEMT03-2_MKT | Wed, Apr 16 2003 09:43 AM | ||||||||||||
Price/Yield Report ( Deal Level ) | M1 | |||||||||||||
Tranche |
| M1 |
|
| Curr Balance |
| 11,480,000.00 |
|
|
| Settle |
| 04/29/2003 |
|
Coupon | 1.44200 | Orig Balance | 11,480,000.00 | Tranche Type | JUN_FLT |
| ||||||||
Margin | Factor | 1.000000 | Factor Date | 04/03 |
| |||||||||
Index |
| MULTIPLE |
|
| Calc Spread |
| Interp rate@WAL |
|
|
| Accr Days |
| 0 | . |
|
| Prepay Rate | 12 CPR | 15 CPR | 20 CPR | 25 CPR | 30 CPR | |||||||
| Delinq Rate (%) |
| ||||||||||||
|
| Opt Redeem | ASAP | ASAP | ASAP | ASAP | ASAP | |||||||
| Price | Price32nd | Yield | Yield | Yield | Yield | Yield | |||||||
| 100.0000 | 100-00 |
| |||||||||||
|
| |||||||||||||
| WAL (#yr) | 9.44 | 7.71 | 5.73 | 4.55 | 3.85 | ||||||||
| First Princ | 09/20/2008 | 08/20/2007 | 06/20/2006 | 05/20/2006 | 05/20/2006 | ||||||||
| Last Princ | 10/20/2014 | 10/20/2012 | 05/20/2010 | 11/20/2008 | 11/20/2007 | ||||||||
| Mod Durn | 8.46 | 7.03 | 5.34 | 4.29 | 3.66 |
These computational materials should be accompanied by a one page disclaimer which must be read in its entirely by the addressee of this communication.
If such disclaimer is not attached hereto, please contact Greenwich Capital Markets.
Sequoia Trust 2003-2 CLASS A-1 | |||
Price-Yield Sensitivity Report | |||
Settlement | 04/29/03 | ||
Class Balance | $500,000,000 | ||
Coupon | 1.640% | ||
Cut-off Date | 04/29/03 | ||
Next Payment Date | 05/20/03 | ||
Call | Yes |
Flat Price | 12% CPR | 15% CPR | 20% CPR | 25% CPR | 30% CPR |
99-24 | 0.376 | 0.386 | 0.405 | 0.424 | 0.445 |
99-24+ | 0.373 | 0.382 | 0.400 | 0.418 | 0.438 |
99-25 | 0.370 | 0.379 | 0.395 | 0.413 | 0.431 |
99-25+ | 0.367 | 0.375 | 0.391 | 0.407 | 0.424 |
99-26 | 0.364 | 0.372 | 0.386 | 0.401 | 0.417 |
99-26+ | 0.362 | 0.368 | 0.381 | 0.395 | 0.409 |
99-27 | 0.359 | 0.365 | 0.377 | 0.389 | 0.402 |
99-27+ | 0.356 | 0.361 | 0.372 | 0.383 | 0.395 |
99-28 | 0.353 | 0.358 | 0.367 | 0.377 | 0.388 |
99-28+ | 0.350 | 0.354 | 0.363 | 0.371 | 0.380 |
99-29 | 0.347 | 0.351 | 0.358 | 0.365 | 0.373 |
99-29+ | 0.344 | 0.347 | 0.353 | 0.359 | 0.366 |
99-30 | 0.341 | 0.344 | 0.349 | 0.354 | 0.359 |
99-30+ | 0.339 | 0.340 | 0.344 | 0.348 | 0.352 |
99-31 | 0.336 | 0.337 | 0.339 | 0.342 | 0.344 |
99-31+ | 0.333 | 0.333 | 0.335 | 0.336 | 0.337 |
100-00 | 0.330 | 0.330 | 0.330 | 0.330 | 0.330 |
100-00+ | 0.327 | 0.327 | 0.325 | 0.324 | 0.323 |
100-01 | 0.324 | 0.323 | 0.321 | 0.318 | 0.316 |
100-01+ | 0.321 | 0.320 | 0.316 | 0.312 | 0.308 |
100-02 | 0.319 | 0.316 | 0.311 | 0.306 | 0.301 |
100-02+ | 0.316 | 0.313 | 0.307 | 0.301 | 0.294 |
100-03 | 0.313 | 0.309 | 0.302 | 0.295 | 0.287 |
100-03+ | 0.310 | 0.306 | 0.297 | 0.289 | 0.280 |
100-04 | 0.307 | 0.302 | 0.293 | 0.283 | 0.272 |
100-04+ | 0.304 | 0.299 | 0.288 | 0.277 | 0.265 |
100-05 | 0.301 | 0.295 | 0.284 | 0.271 | 0.258 |
100-05+ | 0.299 | 0.292 | 0.279 | 0.265 | 0.251 |
100-06 | 0.296 | 0.288 | 0.274 | 0.259 | 0.244 |
100-06+ | 0.293 | 0.285 | 0.270 | 0.254 | 0.237 |
100-07 | 0.290 | 0.281 | 0.265 | 0.248 | 0.229 |
100-07+ | 0.287 | 0.278 | 0.260 | 0.242 | 0.222 |
100-08 | 0.284 | 0.274 | 0.256 | 0.236 | 0.215 |
WAL (yr) | 5.85 | 4.74 | 3.51 | 2.75 | 2.23 |
MDUR (yr) | 5.42 | 4.44 | 3.34 | 2.64 | 2.16 |
First Prin Pay | 05/20/03 | 05/20/03 | 05/20/03 | 05/20/03 | 05/20/03 |
Last Prin Pay | 10/20/14 | 10/20/12 | 05/20/10 | 11/20/08 | 11/20/07 |
"Full Price" = "Flat Price" + Accrued Interest. | |||||
Duration and related sensitivities are calculated at midpoint price. | |||||
Maturity and Last Principal Pay Dates may be distorted by the use of collateral pool WAMs. | |||||
This information is furnished to you solely by Greenwich Capital Markets, Inc. ("GCM") | |||||
and not by the issuer of the securities or any of its affiliates or the guarantor. GCM is acting as underwriter | |||||
and not as agent for the issuer or its affiliates or the guarantor in connection with the proposed transaction. |
GREENWICH CAPITAL
16-Apr-03 02:53 PM
Sequoia Trust 2003-2 CLASS A-2 | |||
Price-Yield Sensitivity Report | |||
Settlement | 04/29/03 | ||
Class Balance | $303,600,000 | ||
Coupon | 1.640% | ||
Cut-off Date | 04/29/03 | ||
Next Payment Date | 05/20/03 | ||
Call | Yes |
Flat Price | 12% CPR | 15% CPR | 20% CPR | 25% CPR | 30% CPR |
99-24 | 0.386 | 0.396 | 0.415 | 0.434 | 0.455 |
99-24+ | 0.383 | 0.393 | 0.410 | 0.428 | 0.448 |
99-25 | 0.380 | 0.389 | 0.405 | 0.423 | 0.441 |
99-25+ | 0.377 | 0.386 | 0.401 | 0.417 | 0.434 |
99-26 | 0.375 | 0.382 | 0.396 | 0.411 | 0.427 |
99-26+ | 0.372 | 0.379 | 0.391 | 0.405 | 0.419 |
99-27 | 0.369 | 0.375 | 0.387 | 0.399 | 0.412 |
99-27+ | 0.366 | 0.372 | 0.382 | 0.393 | 0.405 |
99-28 | 0.363 | 0.368 | 0.377 | 0.387 | 0.398 |
99-28+ | 0.360 | 0.365 | 0.373 | 0.381 | 0.390 |
99-29 | 0.357 | 0.361 | 0.368 | 0.375 | 0.383 |
99-29+ | 0.354 | 0.358 | 0.363 | 0.369 | 0.376 |
99-30 | 0.352 | 0.354 | 0.359 | 0.364 | 0.369 |
99-30+ | 0.349 | 0.351 | 0.354 | 0.358 | 0.362 |
99-31 | 0.346 | 0.347 | 0.349 | 0.352 | 0.354 |
99-31+ | 0.343 | 0.344 | 0.345 | 0.346 | 0.347 |
100-00 | 0.340 | 0.340 | 0.340 | 0.340 | 0.340 |
100-00+ | 0.337 | 0.336 | 0.335 | 0.334 | 0.333 |
100-01 | 0.334 | 0.333 | 0.331 | 0.328 | 0.326 |
100-01+ | 0.331 | 0.329 | 0.326 | 0.322 | 0.318 |
100-02 | 0.328 | 0.326 | 0.321 | 0.316 | 0.311 |
100-02+ | 0.326 | 0.323 | 0.317 | 0.311 | 0.304 |
100-03 | 0.323 | 0.319 | 0.312 | 0.305 | 0.297 |
100-03+ | 0.320 | 0.316 | 0.307 | 0.299 | 0.290 |
100-04 | 0.317 | 0.312 | 0.303 | 0.293 | 0.282 |
100-04+ | 0.314 | 0.309 | 0.298 | 0.287 | 0.275 |
100-05 | 0.311 | 0.305 | 0.294 | 0.281 | 0.268 |
100-05+ | 0.308 | 0.302 | 0.289 | 0.275 | 0.261 |
100-06 | 0.306 | 0.298 | 0.284 | 0.269 | 0.254 |
100-06+ | 0.303 | 0.295 | 0.280 | 0.264 | 0.247 |
100-07 | 0.300 | 0.291 | 0.275 | 0.258 | 0.239 |
100-07+ | 0.297 | 0.288 | 0.270 | 0.252 | 0.232 |
100-08 | 0.294 | 0.284 | 0.266 | 0.246 | 0.225 |
WAL (yr) | 5.82 | 4.72 | 3.51 | 2.75 | 2.23 |
MDUR (yr) | 5.39 | 4.43 | 3.34 | 2.64 | 2.16 |
First Prin Pay | 05/20/03 | 05/20/03 | 05/20/03 | 05/20/03 | 05/20/03 |
Last Prin Pay | 10/20/14 | 10/20/12 | 05/20/10 | 11/20/08 | 11/20/07 |
"Full Price" = "Flat Price" + Accrued Interest. | |||||
Duration and related sensitivities are calculated at midpoint price. | |||||
Maturity and Last Principal Pay Dates may be distorted by the use of collateral pool WAMs. | |||||
This information is furnished to you solely by Greenwich Capital Markets, Inc. ("GCM") | |||||
and not by the issuer of the securities or any of its affiliates or the guarantor. GCM is acting as underwriter | |||||
and not as agent for the issuer or its affiliates or the guarantor in connection with the proposed transaction. |
GREENWICH CAPITAL
16-Apr-03 02:53 PM
Sequoia Trust 2003-2 CLASS M-1 | |||
Price-Yield Sensitivity Report | |||
Settlement | 04/29/03 | ||
Class Balance | $11,480,000 | ||
Coupon | 1.960% | ||
Cut-off Date | 04/29/03 | ||
Next Payment Date | 05/20/03 | ||
Call | Yes |
Flat Price | 12% CPR | 15% CPR | 20% CPR | 25% CPR | 30% CPR |
99-24 | 0.708 | 0.720 | 0.743 | 0.766 | 0.786 |
99-24+ | 0.705 | 0.716 | 0.737 | 0.758 | 0.777 |
99-25 | 0.701 | 0.712 | 0.731 | 0.751 | 0.769 |
99-25+ | 0.698 | 0.707 | 0.725 | 0.744 | 0.760 |
99-26 | 0.694 | 0.703 | 0.720 | 0.737 | 0.752 |
99-26+ | 0.690 | 0.698 | 0.714 | 0.729 | 0.743 |
99-27 | 0.687 | 0.694 | 0.708 | 0.722 | 0.735 |
99-27+ | 0.683 | 0.690 | 0.702 | 0.715 | 0.726 |
99-28 | 0.679 | 0.685 | 0.696 | 0.708 | 0.718 |
99-28+ | 0.676 | 0.681 | 0.691 | 0.700 | 0.709 |
99-29 | 0.672 | 0.676 | 0.685 | 0.693 | 0.701 |
99-29+ | 0.668 | 0.672 | 0.679 | 0.686 | 0.692 |
99-30 | 0.665 | 0.668 | 0.673 | 0.679 | 0.684 |
99-30+ | 0.661 | 0.663 | 0.667 | 0.672 | 0.675 |
99-31 | 0.657 | 0.659 | 0.662 | 0.664 | 0.667 |
99-31+ | 0.654 | 0.654 | 0.656 | 0.657 | 0.658 |
100-00 | 0.650 | 0.650 | 0.650 | 0.650 | 0.650 |
100-00+ | 0.646 | 0.646 | 0.644 | 0.643 | 0.642 |
100-01 | 0.643 | 0.641 | 0.638 | 0.636 | 0.633 |
100-01+ | 0.639 | 0.637 | 0.633 | 0.628 | 0.625 |
100-02 | 0.635 | 0.632 | 0.627 | 0.621 | 0.616 |
100-02+ | 0.632 | 0.628 | 0.621 | 0.614 | 0.608 |
100-03 | 0.628 | 0.624 | 0.615 | 0.607 | 0.599 |
100-03+ | 0.625 | 0.619 | 0.610 | 0.600 | 0.591 |
100-04 | 0.621 | 0.615 | 0.604 | 0.592 | 0.582 |
100-04+ | 0.617 | 0.611 | 0.598 | 0.585 | 0.574 |
100-05 | 0.614 | 0.606 | 0.592 | 0.578 | 0.566 |
100-05+ | 0.610 | 0.602 | 0.586 | 0.571 | 0.557 |
100-06 | 0.606 | 0.597 | 0.581 | 0.564 | 0.549 |
100-06+ | 0.603 | 0.593 | 0.575 | 0.557 | 0.540 |
100-07 | 0.599 | 0.589 | 0.569 | 0.549 | 0.532 |
100-07+ | 0.595 | 0.584 | 0.563 | 0.542 | 0.524 |
100-08 | 0.592 | 0.580 | 0.558 | 0.535 | 0.515 |
WAL (yr) | 9.44 | 7.71 | 5.73 | 4.55 | 3.85 |
MDUR (yr) | 8.50 | 7.06 | 5.36 | 4.30 | 3.67 |
First Prin Pay | 09/20/08 | 08/20/07 | 06/20/06 | 05/20/06 | 05/20/06 |
Last Prin Pay | 10/20/14 | 10/20/12 | 05/20/10 | 11/20/08 | 11/20/07 |
"Full Price" = "Flat Price" + Accrued Interest. | |||||
Duration and related sensitivities are calculated at midpoint price. | |||||
Maturity and Last Principal Pay Dates may be distorted by the use of collateral pool WAMs. | |||||
This information is furnished to you solely by Greenwich Capital Markets, Inc. ("GCM") | |||||
and not by the issuer of the securities or any of its affiliates or the guarantor. GCM is acting as underwriter | |||||
and not as agent for the issuer or its affiliates or the guarantor in connection with the proposed transaction. |
GREENWICH CAPITAL
16-Apr-03 02:53 PM
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : CENDENT - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
TOTAL CURRENT BALANCE: | 6,207,966 | ||||||
NUMBER OF LOANS: | 5 | ||||||
Minimum | Maximum | ||||||
AVG CURRENT BALANCE: | $1,241,593.14 | $1,068,000.00 | $1,500,000.00 | ||||
AVG ORIGINAL BALANCE: | $1,244,100.00 | $1,075,000.00 | $1,500,000.00 | ||||
WAVG LOAN RATE: | 3.522% | 3.375 | 4.000 % | ||||
WAVG SERVICING FEE: | 0.375% | 0.375 | 0.375 % | ||||
WAVG NET LOAN RATE: | 3.147% | 3.000 | 3.625 % | ||||
WAVG GROSS MARGIN: | 1.842% | 1.250 | 2.000 % | ||||
WAVG MAXIMUM LOAN RATE: | 12.000% | 12.000 | 12.000 % | ||||
WAVG PERIODIC RATE CAP: | 0.000% | 0.000 | 0.000 % | ||||
WAVG FIRST RATE CAP: | 0.000% | 0.000 | 0.000 % | ||||
WAVG ORIGINAL LTV: | 61.34% | 28.95 | 77.36 % | ||||
WAVG EFFECTIVE LTV: | 61.34% | 28.95 | 77.36 % | ||||
WAVG CREDIT SCORE: | 698 | 668 | 722 | ||||
WAVG ORIGINAL TERM: | 300 months | 300 | 300 months | ||||
WAVG REMAINING TERM: | 290 months | 280 | 298 months | ||||
WAVG SEASONING: | 10 months | 2 | 20 months | ||||
WAVG NEXT RATE RESET: | 10 months | 4 | 5 months | ||||
WAVG RATE ADJ FREQ: | 4 months | 6 | 6 months | ||||
WAVG FIRST RATE ADJ FREQ: | 6 months | 6 | 6 months | ||||
WAVG IO ORIGINAL TERM: | 6 months | 120 | 120 months | ||||
WAVG IO REMAINING TERM: | 120 months | 100 | 118 months | ||||
110 months | |||||||
TOP STATE CONCENTRATIONS ($): | 24.16 % Florida, 23.56 % Illinois, 17.63 % California | ||||||
MAXIMUM ZIP CODE CONCENTRATION ($): | 24.16 % 32082 (Ponte Vedra, FL) | ||||||
FIRST PAY DATE: | Sep 01, 2001 | Mar 01, 2003 | |||||
RATE CHANGE DATE: | Aug 01, 2003 | Sep 01, 2003 | |||||
MATURE DATE: | Aug 01, 20026 | Feb 01, 2008 | |||||
ORIGINATOR: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date | ||||
Cendant | 5 | 6,207,965.68 | 100.00 | ||||
Total | 5 | 6,207,965.68 | 100.00 | ||||
INDEX: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date | ||||
LIBOR 6 M | 5 | 6,207,965.68 | 100.00 | ||||
Total | 5 | 6,207,965.68 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:33 EDT 2003)[cha] Page 1 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : CENDENT - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
DELINQUENCY: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
5 | 5 | 100.00 | |
Total | 5 | 6,207,965.68 | 100.00 |
CURRENT BALANCE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
1,068,000.00 - 1,100,000.00 | 3 | 3,245,465.68 | 52.28 |
1,400,000.01 - 1,500,000.00 | 2 | 2,962,500.00 | 42.73 |
Total | 100.00 | ||
LOAN RATE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
3.375 - 3.500 | 4 | 4,745,465.68 | 76.44 |
3.501 - 4.000 | 1 | 1,462,500.00 | 23.56 |
Total | 5 | 6,207,965.68 | 100.00 |
GROSS MARGIN: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
1.250 | 1 | 1,068,000.00 | 17.20 |
1.875 | 1 | 1,462,500.00 | 23.56 |
2.000 | 3 | 3,677,465,.00 | 59.24 |
Total | 5 | 6,207,965.68 | 100.00 |
MAXIMUM LOAN RATE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
12.000 | 5 | 6,207,965.68 | 100.00 |
Total | 5 | 6,207,965.68 | 100.00 |
ORIGINAL TERM: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
300 | 5 | 6,207,965.68 | 100.00 |
Total | 5 | 6,207,965.68 | 100.00 |
REMAINING TERM: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
280 - 282 | 1 | 1,094,465.68 | 17.63 |
283 - 288 | 2 | 2,583,000.00 | 41.61 |
295 - 298 | 2 | 2,530,500.00 | 40.76 |
Total | 5 | 6,207,965.68 | 100.00 |
IO ORIGINAL TERM: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
120 | 5 | 6,207,965.68 | 100.00 |
Total | 5 | 6,207,965.68 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:33 EDT 2003)[cha] Page 2 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : CENDENT - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
IO REMAINING TERM | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
100 - 102 | 1 | 1,094,465.68 | 17.63 |
103 - 108 | 2 | 2,583,000.00 | 41.61 |
115 - 118 | 2 | 2,530,500.00 | 40.76 |
Total | 5 | 6,207,965.68 | 100.00 |
RATE CHANGE DATE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
08/01/03 | 4 | 4,707,965.68 | 75.84 |
09/01/03 | 1 | 1,500,000.00 | 24.16 |
Total | 5 | 6,207,965.68 | 100.00 |
ORIGINAL LTV: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
3.375 - 3.500 | 1 | 1,094,465.68 | 17.63 |
1 | 1,068,000.00 | 17.20 | |
1 | 1,500,000.00 | 24.16 | |
3.501 - 4.000 | 2 | 2,545,500.00 | 41.00 |
Total | 5 | 6,207,965.68 | |
EFFECTIVE LTV: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
28.95 - 30.00 | 1 | 1,094,465.68 | 17.63 |
40.01 - 50.00 | 1 | 1,068,000.00 | 17.20 |
60.01 - 70.00 | 1 | 1,500,000.00 | 24.16 |
70.01 - 77.36 | 2 | 2,545,500.00 | 41.00 |
Total | 5 | 6,207,965.68 | 100.00 |
CREDIT SCORE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
668 - 679 | 1 | 1,083,000.00 | 17.45 |
680 - 699 | 1 | 1,500,000.00 | 24.16 |
700 - 719 | 2 | 2,530,500.00 | 40.76 |
720 - 722 | 1 | 1,094,465.68 | 17.63 |
Total | 5 | 6,207,965.68 | 100.00 |
AMORTIZATION: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Interest Only | 5 | 6,207,965.68 | 100.00 |
Total | 5 | 6,207,965.68 | 100.00 |
DOCUMENTATION: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Full Documentation | 5 | 6,207,965.68 | 100.00 |
Total | 5 | 6,207,965.68 | 100.00 |
OCCUPANCY: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Primary | 5 | 6,207,965.68 | 100.00 |
Total | 5 | 6,207,965.68 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:33 EDT 2003)[cha] Page 3 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : CENDENT - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
PROPERTY TYPE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Single Family | 3 | 3,613,500.00 | 58.21 |
Planned Unit Development | 2 | 2,594,465.68 | 41.79 |
Total | 5 | 6,207,965.68 | 100.00 |
PURPOSE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Refinance (Cash-Out) | 2 | 2,594,465.68 | 41.79 |
Refinance (Rate or Term) | 2 | 2,151,000.00 | 34.65 |
Purchase | 1 | 1,462,500.00 | 23.56 |
Total | 5 | 6,207,965.68 | 100.00 |
PLEDGE ASSET: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
N | 5 | 6,207,965.68 | 100.00 |
Total | 5 | 6,207,965.68 | 100.00 |
PREPAYMENT PENALTY: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
N | 5 | 6,207,965.68 | 100.00 |
Total | 5 | 6,207,965.68 | 100.00 |
STATES: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Florida | 1 | 1,500,000.00 | 24.16 |
Illinois | 1 | 1,462,500.00 | 23.56 |
California | 1 | 1,094,465.68 | 17.63 |
Pennsylvania | 1 | 1,083,000.00 | 17.45 |
New Jersey | 1 | 1,068,000.00 | 17.20 |
Total | 5 | 6,207,965.68 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:33 EDT 2003)[cha] Page 4 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : MSDW - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
TOTAL CURRENT BALANCE: | 74,828,920 | ||
NUMBER OF LOANS: | 47 | ||
Minimum | Maximum | ||
AVG CURRENT BALANCE: | $1,592,104.67 | $1,011,431.77 | $3,000,000.00 |
AVG ORIGINAL BALANCE: | $1,592,187.23 | $1,015,000.00 | $3,000,000.00 |
WAVG LOAN RATE: | 3.018 % | 1.750 | 3.500 % |
WAVG SERVICING FEE: | 0.375 % | 0.375 | 0.375 % |
WAVG NET LOAN RATE: | 2.643 % | 1.375 | 3.125 % |
WAVG GROSS MARGIN: | 1.681 % | 0.500 | 2.125 % |
WAVG MAXIMUM LOAN RATE: | 12.000 % | 12.000 | 12.000 % |
WAVG PERIODIC RATE CAP: | 0.000 % | 0.000 | 0.000 % |
WAVG FIRST RATE CAP: | 0.000 % | 0.000 | 0.000 % |
WAVG ORIGINAL LTV: | 63.27 % | 15.81 | 100.00 % |
WAVG EFFECTIVE LTV: | 61.99 % | 15.81 | 80.00 % |
WAVG CREDIT SCORE: | 713 | 617 | 798 |
WAVG ORIGINAL TERM: | 300 months | 300 | 300 months |
WAVG REMAINING TERM: | 300 months | 299 | 300 months |
WAVG SEASONING: | 0 months | 0 | 1 months |
WAVG NEXT RATE RESET: | 3 months | 1 | 6 months |
WAVG RATE ADJ FREQ: | 4 months | 1 | 6 months |
WAVG FIRST RATE ADJ FREQ: | 4 months | 1 | 6 months |
WAVG IO ORIGINAL TERM: | 120 months | 120 | 120 months |
WAVG IO REMAINING TERM: | 120 months | 119 | 120 months |
TOP STATE CONCENTRATIONS ($) | 22.11 % Florida, 17.56 % California, 15.69 % New York | |
MAXIMUM ZIP CODE CONCENTRATION ($): | 6.56 % 92067 (Rancho Santa Fe, CA) |
FIRST PAY DATE: | Apr 01, 2003 | May 01, 2003 |
RATE CHANGE DATE: | May 01, 2003 | Oct 01, 2003 |
MATURE DATE: | Mar 01, 2028 | Apr 01, 2028 |
table
ORIGINATOR: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
MSDW | 47 | 74,828,919.59 | 100.00 |
Total | 47 | 74,828,919.59 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:34 EDT 2003) [cha] Page: 5 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : MSDW - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
INDEX: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
LIBOR 6 M | 26 | 39,782,600.00 | 53.16 |
LIBOR 1 M | 21 | 35,046,319.59 | 46.84 |
Total | 47 | 74,828,919.59 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
DELINQUENCY: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
47 | 74,828,919.59 | 100.00 | |
Total | 47 | 74,828,919.59 | 100.00 |
CURRENT BALANCE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
1,011,431.77 - 1,100,000.00 | 6 | 6,415,931.77 | 8.57 |
1,100,000.01 - 1,200,000.00 | 5 | 5,925,000.00 | 7.92 |
1,200,000.01 - 1,300,000.00 | 2 | 2,529,200.00 | 3.38 |
1,300,000.01 - 1,400,000.00 | 3 | 4,149,400.00 | 5.55 |
1,400,000.01 - 1,500,000.00 | 10 | 14,766,800.00 | 19.73 |
1,500,000.01 - 1,600,000.00 | 2 | 3,112,000.00 | 4.16 |
1,600,000.01 - 1,700,000.00 | 3 | 5,017,000.00 | 6.70 |
1,700,000.01 - 1,800,000.00 | 3 | 5,255,900.00 | 7.02 |
1,800,000.01 - 1,900,000.00 | 2 | 3,800,000.00 | 5.08 |
1,900,000.01 - 2,000,000.00 | 8 | 16,000,000.00 | 21.38 |
2,200,000.01 - 2,300,000.00 | 1 | 2,219,687.82 | 2.97 |
2,600,000.01 - 2,700,000.00 | 1 | 2,638,000.00 | 3.53 |
2,900,000.01 - 3,000,000.00 | 1 | 3,000,000.00 | 4.01 |
Total | 47 | 74,828,919.59 | 100.00 |
LOAN RATE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
1.750 - 2.000 | 1 | 1,460,000.00 | 1.95 |
2.501 - 3.000 | 33 | 47,767,831.77 | 63.84 |
3.001 - 3.500 | 13 | 25,601,087.82 | 34.21 |
Total | 47 | 74,828,919.59 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:34 EDT 2003) [cha] Page: 6 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : MSDW - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
GROSS MARGIN: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
0.500 | 1 | 1,460,000.00 | 1.95 |
1.250 | 1 | 2,638,000.00 | 3.53 |
1.500 | 13 | 19,044,231.77 | 25.45 |
1.625 | 20 | 28,085,600.00 | 37.53 |
1.750 | 1 | 1,697,000.00 | 2.27 |
1.875 | 1 | 2,000,000.00 | 2.67 |
2.000 | 6 | 11,904,087.82 | 15.91 |
2.125 | 4 | 8,000,000.00 | 10.69 |
Total | 47 | 74,828,919.59 | 100.00 |
MAXIMUM LOAN RATE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
12.000 | 47 | 74,828,919.59 | 100.00 |
Total | 47 | 74,828,919.59 | 100.00 |
ORIGINAL TERM: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
300 | 47 | 74,828,919.59 | 100.00 |
Total | 47 | 74,828,919.59 | 100.00 |
REMAINING TERM: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
299 - 300 | 47 | 74,828,919.59 | 100.00 |
Total | 47 | 74,828,919.59 | 100.00 |
IO ORIGINAL TERM: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
120 | 47 | 74,828,919.59 | 100.00 |
Total | 47 | 74,828,919.59 | 100.00 |
IO REMAINING TERM: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
119 - 120 | 47 | 74,828,919.59 | 100.00 |
Total | 47 | 74,828,919.59 | 100.00 |
RATE CHANGE DATE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
05/01/03 | 21 | 35,046,319.59 | 46.84 |
09/01/03 | 10 | 15,066,600.00 | 20.13 |
10/01/03 | 16 | 24,716,000.00 | 33.03 |
Total | 47 | 74,828,919.59 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:33 EDT 2003)[cha] Page 7 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : MSDW - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
ORIGINAL LTV: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
15.81 - 20.00 | 1 | 2,000,000.00 | 2.67 |
20.01 - 30.00 | 1 | 1,458,000.00 | 1.95 |
30.01 - 40.00 | 6 | 8,011,431.77 | 10.71 |
40.01 - 50.00 | 5 | 7,200,000.00 | 9.62 |
50.01 - 60.00 | 5 | 7,974,400.00 | 10.66 |
60.01 - 70.00 | 9 | 15,279,500.00 | 20.42 |
70.01 - 80.00 | 18 | 29,814,087.82 | 39.84 |
90.01 - 100.00 | 2 | 3,091,500.00 | 4.13 |
Total | 47 | 74,828,919.59 | 100.00 |
EFFECTIVE LTV: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
15.81 - 20.00 | 1 | 2,000,000.00 | 2.67 |
20.01 - 30.00 | 1 | 1,458,000.00 | 1.95 |
30.01 - 40.00 | 6 | 8,011,431.77 | 10.71 |
40.01 - 50.00 | 5 | 7,200,000.00 | 9.62 |
50.01 - 60.00 | 5 | 7,974,400.00 | 10.66 |
60.01 - 70.00 | 11 | 18,371,000.00 | 24.55 |
70.01 - 80.00 | 18 | 29,814,087.82 | 39.84 |
Total | 47 | 74,828,919.59 | 100.00 |
CREDIT SCORE: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
617 - 619 | 4 | 6,350,000.00 | 8.49 |
620 - 639 | 2 | 4,200,000.00 | 5.61 |
640 - 659 | 2 | 3,458,000.00 | 4.62 |
660 - 679 | 3 | 3,784,000.00 | 5.06 |
680 - 699 | 7 | 8,888,931.77 | 11.88 |
700 - 719 | 8 | 13,100,400.00 | 17.51 |
720 - 739 | 3 | 4,841,500.00 | 6.47 |
740 - 759 | 8 | 13,901,800.00 | 18.58 |
760 - 779 | 5 | 7,970,000.00 | 10.65 |
780 - 798 | 5 | 8,334,287.82 | 11.14 |
Total | 47 | 74,828,919.59 | 100.00 |
AMORTIZATION: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Interest Only | 47 | 74,828,919.59 | 100.00 |
Total | 47 | 74,828,919.59 | 100.00 |
DOCUMENTATION: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Alternative Documentation | 36 | 58,274,387.82 | 77.88 |
Lite Documentation | 10 | 15,204,531.77 | 20.32 |
Full Documentation | 1 | 1,350,000.00 | 1.80 |
Total | 47 | 74,828,919.59 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:33 EDT 2003)[cha] Page 8 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : MSDW - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
OCCUPANCY: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Primary | 38 | 61,354,019.59 | 81.99 |
Second Home | 9 | 13,474,900.00 | 18.01 |
Total | 47 | 74,828,919.59 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
PROPERTY TYPE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Single Family | 37 | 60,248,231.77 | 80.51 |
Planned Unit Development | 7 | 10,660,687.82 | 14.25 |
Condominium | 2 | 2,450,000.00 | 3.27 |
Two-Four Family | 1 | 1,470,000.00 | 1.96 |
Total | 47 | 74,828,919.59 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
PURPOSE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Refinance (Cash-Out) | 25 | 41,751,487.82 | 55.80 |
Purchase | 11 | 16,863,000.00 | 22.54 |
Refinance (Rate or Term) | 11 | 16,214,431.77 | 21.67 |
Total | 47 | 74,828,919.59 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
PLEDGE ASSET: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
N | 44 | 70,237,419.59 | 93.86 |
Y | 3 | 4,591,500.00 | 6.14 |
Total | 47 | 74,828,919.59 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
PREPAYMENT PENALTY: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
N | 47 | 74,828,919.59 | 100.00 |
Total | 47 | 74,828,919.59 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
STATES: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Florida | 10 | 16,546,287.82 | 22.11 |
California | 8 | 13,137,831.77 | 17.56 |
New York | 8 | 11,740,000.00 | 15.69 |
Massachusetts | 5 | 7,899,200.00 | 10.56 |
Texas | 3 | 5,055,000.00 | 6.76 |
New Jersey | 2 | 4,500,000.00 | 6.01 |
Tennessee | 2 | 3,460,000.00 | 4.62 |
Connecticut | 2 | 2,979,200.00 | 3.98 |
Arizona | 1 | 1,741,500.00 | 2.33 |
District of Columbia | 1 | 1,600,000.00 | 2.14 |
Hawaii | 1 | 1,500,000.00 | 2.00 |
Colorado | 1 | 1,399,400.00 | 1.87 |
Nevada | 1 | 1,150,000.00 | 1.54 |
Washington | 1 | 1,088,000.00 | 1.45 |
Ohio | 1 | 1,032,500.00 | 1.38 |
Total | 47 | 74,828,919.59 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:34 EDT 2003) [cha] Page: 9 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : GREENPOINT - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
TOTAL CURRENT BALANCE: | 25,155,577 | ||
NUMBER OF LOANS: | 19 | ||
| Minimum | Maximum | |
AVG CURRENT BALANCE | $1,323,977.74 | $1,029,950.00 | $1,739,850.00 |
AVG ORIGINAL BALANCE: | $1,325,762.11 | $1,029,950.00 | $1,739,850.00 |
| |||
WAVG LOAN RATE | 3.453% | 3.000 | 3.625 % |
WAVG SERVICING FEE | 0.375% | 0.375 | 0.375 % |
WAVG NET LOAN RATE | 3.078% | 2.625 | 3.250 % |
| |||
WAVG GROSS MARGIN | 2.090% | 1.625 | 2.125 % |
WAVG MAXIMUM LOAN RATE | 12.000% | 12.000 | 12.000 % |
WAVG PERIODIC RATE CAP | 0.000% | 0.000 | 0.000 % |
WAVG FIRST RATE CAP | 0.000% | 0.000 | 0.000 % |
| |||
WAVG ORIGINAL LTV | 53.33% | 27.27 | 65.00 % |
WAVG EFFECTIVE LTV | 53.33% | 27.27 | 65.00 % |
| |||
WAVG CREDIT SCORE | 736 | 668 | 779 |
| |||
WAVG ORIGINAL TERM | 360 months | 360 months | 360 months |
WAVG REMAINING TERM | 359 months | 358 months | 360 months |
WAVG SEASONING | 1 months | 0 | 2 months |
| |||
WAVG NEXT RATE RESET | 5 months | 4 | 6 months |
WAVG RATE ADJ FREQ | 6 months | 6 | 6 months |
WAVG FIRST RATE ADJ FREQ | 6 months | 6 | 6 months |
| |||
WAVG IO ORIGINAL TERM | 60 months | 60 | 60 months |
WAVG IO REMAINING TERM | 59 months | 58 | 60 months |
TOP STATE CONCENTRATIONS (5): | 15.38% California, 14.72% Florida, 10.90% Connecticut | ||
6.92% 75205 (Dallas, TX) |
FIRST PAY DATE: | Mar 01, 2003 | May 01, 2003 |
RATE CHANGE DATE: | Aug 01, 2003 | Oct 01, 2003 |
MATURE DATE: | Feb 01, 2033 | Apr 01, 2033 |
ORIGINATOR: | Number of Mortgage Loans | Principal Balance Outstanding as of the Cutoff Date | % of Aggregate Principal Balance Outstanding as of the Cutoff Date |
Greenpoint | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:33 EDT 2003)[cha] Page 10 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : MSDW - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
INDEX: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
LIBOR 6 M | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
DELINQUENCY: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
| 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
CURRENT BALANCE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
1,029,950.00 - 1,100,000.00 | 4 | 4,214,047.07 | 16.75 |
1,100,000.01 - 1,200,000.00 | 4 | 4,720,000.00 | 18.76 |
1,200,000.01 - 1,300,000.00 | 1 | 1,242,580.00 | 4.94 |
1,300,000.01 - 1,400,000.00 | 2 | 2,652,850.00 | 10.55 |
1,400,000.01 - 1,500,000.00 | 5 | 7,382,000.00 | 29.35 |
1,500,000.01 - 1,600,000.00 | 1 | 1,515,000.00 | 6.02 |
1,600,000.01 - 1,700,000.00 | 1 | 1,689,250.00 | 6.72 |
1,700,000.01 - 1,739,850.00 | 1 | 1,739,850.00 | 6.92 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
LOAN RATE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
3.000 - 3.000 | 1 | 1,739,850.00 | 6.92 |
3.001 - 3.500 | 17 | 22,215,727.07 | 88.31 |
3.501 - 3.625 | 1 | 1,200,000.00 | 4.77 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
GROSS MARGIN: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
1.625 | 1 | 1,739,850.00 | 6.92 |
2.125 | 18 | 23,415,727.07 | 93.08 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
MAXIMUM LOAN RATE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
12.000 | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:34 EDT 2003) [cha] Page: 11 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : GREENPOINT - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
ORIGINAL TERM: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
360 | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
REMAINING TERM: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
358 - 360 | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
IO ORIGINAL TERM: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
60 | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
IO REMAINING TERM: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
58 - 60 | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
RATE CHANGE DATE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
08/01/03 | 7 | 9,473,147.07 | 37.66 |
09/01/03 | 9 | 12,019,850.00 | 47.78 |
10/01/03 | 3 | 3,662,580.00 | 14.56 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
ORIGINAL LTV: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
27.27 - 30.00 | 1 | 1,500,000.00 | 5.96 |
30.01 - 40.00 | 1 | 1,500,000.00 | 5.96 |
40.01 - 50.00 | 3 | 4,392,700.00 | 17.46 |
50.01 - 60.00 | 11 | 14,150,297.07 | 56.25 |
60.01 - 65.00 | 3 | 3,612,580.00 | 14.36 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
EFFECTIVE LTV: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
27.27 - 30.00 | 1 | 1,500,000.00 | 5.96 |
30.01 - 40.00 | 1 | 1,500,000.00 | 5.96 |
40.01 - 50.00 | 3 | 4,392,700.00 | 17.46 |
50.01 - 60.00 | 11 | 14,150,297.07 | 56.25 |
60.01 - 65.00 | 3 | 3,612,580.00 | 14.36 |
Total | 19 | 25,155,577.07 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:34 EDT 2003) [cha] Page: 12 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : GREENPOINT - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
CREDIT SCORE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
668 - 679 | 1 | 1,200,000.00 | 4.77 |
680 - 699 | 1 | 1,100,000.00 | 4.37 |
700 - 719 | 3 | 4,215,000.00 | 16.76 |
720 - 739 | 5 | 6,748,947.07 | 26.83 |
740 - 759 | 4 | 5,112,580.00 | 20.32 |
760 - 779 | 5 | 6,779,050.00 | 26.95 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
AMORTIZATION: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Interest Only | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
DOCUMENTATION: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Full Documentation | 11 | 15,106,250.00 | 60.05 |
Limited Documentation | 8 | 10,049,327.07 | 39.95 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
OCCUPANCY: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Primary | 15 | 19,506,377.07 | 77.54 |
Second Home | 4 | 5,649,200.00 | 22.46 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
PROPERTY TYPE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Single Family | 13 | 17,475,777.07 | 69.47 |
Planned Unit Development | 3 | 4,299,850.00 | 17.09 |
Condominium | 3 | 3,379,950.00 | 13.44 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
PURPOSE: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
Refinance (Rate or Term) | 12 | 16,572,997.07 | 65.88 |
Refinance (Cash-Out) | 5 | 5,840,000.00 | 23.22 |
Purchase | 2 | 2,742,580.00 | 10.90 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
PLEDGE ASSET: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
N | 19 | 25,155,577.07 | 100.00 |
Total | 19 | 25,155,577.07 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:34 EDT 2003) [cha] Page: 13 of 14
RBS Greenwich Capital
The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. The information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. |
REDWOOD SEQUOIA 2003-2 : GREENPOINT - CBAL > 1,000,000 (MARKETING POOL)
04/01/03 BALANCES
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
PREPAYMENT PENALTY: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
N | 13 | 17,267,927.07 | 68.64 |
Y | 6 | 7,887,650.00 | 31.36 |
Total | 19 | 25,155,577.07 | 100.00 |
% of Aggregate | |||
Principal Balance | Principal Balance | ||
Number of | Outstanding as of | Outstanding as of | |
STATES: | Mortgage Loans | the Cutoff Date | the Cutoff Date |
California | 3 | 3,870,000.00 | 15.38 |
Florida | 3 | 3,702,000.00 | 14.72 |
Connecticut | 2 | 2,742,580.00 | 10.90 |
Texas | 1 | 1,739,850.00 | 6.92 |
New Jersey | 1 | 1,689,250.00 | 6.72 |
North Carolina | 1 | 1,515,000.00 | 6.02 |
New York | 1 | 1,500,000.00 | 5.96 |
Idaho | 1 | 1,430,000.00 | 5.68 |
Utah | 1 | 1,332,850.00 | 5.30 |
South Carolina | 1 | 1,320,000.00 | 5.25 |
Montana | 1 | 1,200,000.00 | 4.77 |
Washington | 1 | 1,050,000.00 | 4.17 |
Tennessee | 1 | 1,034,097.07 | 4.11 |
Colorado | 1 | 1,029,950.00 | 4.09 |
Total | 19 | 25,155,577.07 | 100.00 |
For internal use only. All Amounts subject to change.
(Tue Apr 15 13:48:34 EDT 2003) [cha] Page: 14 of 14