This information is furnished to you solely by Greenwich Capita Markets, Inc. and not by the issuer of the securities or any of its affiliates. Greenwich Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does not constitute an offer to sell, nor a solicitation of an offer to buy, the referenced securities. It does not purport to be all-inclusive or to contain all of the information that a prospective investor may require to make a full analysis of the transaction. All amounts are approximate and subject to change. The information contained herein supersedes information contained in any prior term sheet for this transaction. In addition, the information contained herein will be superseded by information contained in term sheets circulated after the date hereof and by information contained in the Prospectus and Prospectus Supplement for this transaction. An offering may be made only through the delivery of the Prospectus and Prospectus Supplement.
Preliminary Term Sheet | Date Prepared: November 12, 2003 |
Sequoia Mortgage Trust 2003-7
Mortgage Pass-Through Certificates
$725,975,212 (Approximate, Subject to Final Collateral)
Publicly Offered Certificates
Adjustable Rate Residential Mortgage Loans
Class | Principal Balance (1) | WAL (Yrs) (Call/Mat) | Pymt Window (-) (Mths) (Call/Mat)(-) | Certificate Interest Rates | Tranche Type | Expected Ratings S&P/Moody's/Fitch |
A-1 | $347,561,000 | 3.84/4.19 | 1-117 / 1-359 | Floater | Senior | AAA/Aaa/AAA |
A-2 | $347,560,000 | 3.83/4.18 | 1-117 / 1-359 | Floater | Senior | AAA/Aaa/AAA |
X-1 | $14,518,000 | N/A | Senior/ NAS I0 | AAA/Aaa/AAA | ||
Information Not Provided Herein | ||||||
X-2 | $695,120,000 | N/A | Senior/ 10 | AAA/Aaa/AAA | ||
X-B | $14,518,000 | N/A | Senior/ 10 | AAA/Aaa/AAA | ||
A-R | $100 | Senior | AAA/Aaa/AAA | |||
B-1 | $14,518,000 | 6.54/7.28 | 39-117 / 39-359 | Floater | Subordinate | AA/Aa2/AA |
B-2 | $5,806,000 | N/A | Subordinate | A/A2/A | ||
B-3 | $4,354,000 | N/A | Subordinate | BBB/Baa2/BBB | ||
B-4 | $2,176,000 | N/A | Subordinate | BB/Ba2/BB | ||
B-5 | $1,450,000 | Information Not Provided Herein | N/A | Subordinate | B/B2/B | |
B-6 | $2,550,112 | N/A | Subordinate | NR/NR/NR | ||
Total | $725,975,212 |
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.
Sequoia 2003-7
# of Loans | Balance | Avg. Balance | % of group balance | WAC | WARM | |
TOTAL | 2122 | 725,975,211.85 | 342,118.38 | 100% | 2.96057 | 351 |
BALANCE 700,000.00. 799,999.99 | 59 | 44,069,582.28 | 746,942.07 | 6.1% | 3.02485 | 355 |
BALANCE 800,000.00. 899,999.99 | 39 | 32,349,778.26 | 829,481.49 | 4.5% | 2.95263 | 354 |
BALANCE 900,000.00. 999,999.99 | 43 | 41,388,148.62 | 962,515.08 | 5.7% | 2.85945 | 349 |
BALANCE 1,000,000.00-1,099,999.9 | 11 | 11,067,923.24 | 1,006,174.84 | 1.5% | 3.16864 | 348 |
BALANCE 1,200,000.00- 1,299,999. | 8 | 9,900,500.00 | 1,237,562.50 | 1.4% | 2,98342 | 329 |
BALANCE 1,300,000.00- 1,399,999. | 5 | 6,820,911.36 | 1,364,182.27 | 0.9% | 3.15139 | 348 |
BALANCE 1,400,000.00- 1,499,999. | 1 | 1,440,000.00 | 1,440,000.00 | 0.2% | 2.62500 | 299 |
BALANCE 1,500,000.00- 1,599,999. | 2 | 3,020,000.00 | 1,510,000.00 | 0.4% | 2.87334 | 329 |
BALANCE 1,600,000.00- 1,699,999. | 5 | 8,194,000.00 | 1,638,800.00 | 1.1% | 3.07814 | 323 |
BALANCE 1,700,000.00- 1,799,999. | 1 | 1,700,000.00 | 1,700,000.00 | 0.2% | 3.50000 | 358 |
BALANCE 1,800,000.00- 1,899,999. | _ | 3,729,27990 | 1,864,639.95 | 0.5% | 2.93897 | 328 |
BALANCE 2,000,000.00- 2,099,999. | 4 | 8,000,000.00 | 2,000,000.00 | 1.1% | 2.90625 | 298 |
BALANCE 2,099,999.99- AND UP | 1 | 2,900,000.00 | 2,900,000.00 | 0.4% | 3.12500 | 299 |
F1CO 600-619 | 5 | 2,849,800.00 | 569,960.00 | 0.4% | 2.85769 | 313 |
F1CO 620-639 | 8 | 4,299,449.98 | 537,431.25 | 0.6% | 2.81896 | 329 |
F1CO 640-659 | 47 | 13,556,129.62 | 288,428.29 | 1.9% | 2.98450 | 343 |
F1CO 660-679 | 172 | 59,234,662.09 | 344,382.60 | 8.2% | 3.01144 | 353 |
F1CO 680-699 | 270 | 93,571,101.57 | 346,559.64 | 12.9% | 3.00129 | 351 |
LTV 080.00 | 423 | 142,292,814.18 | 336,389.63 | 19.6% | 2.89534 | 347 |
LTV 080.00-84.99 | 20 | 3,774,455.97 | 188,722.80 | 0.5% | 3.00065 | 359 |
LTV 085.00-89.99 | 31 | 6,294,210.71 | 203,039.06 | 0.9% | 2.92664 | 352 |
LTV 090.00-94.99 | 41 | 8,988,435.78 | 219,230.14 | 1.2% | 3.12267 | 357 |
LTV x 95 | 45 | 9,355,402.61 | 207,892.84 | 1.3% | 3.02688 | 341 |
Investor | 49 | 9,785,837.07 | 199,710.96 | 1.4% | 3.05176 | 337 |
Second Home | 140 | 48,422,834.06 | 345,87739 | 6.7% | 1.97296 | 335 |
FICO | OLTV | Eff LTV | Adj Eff LTV (with MI) | DTI | % of Full Doc | of Primary Owner | % Single Family | % of 10 loans % | Cashout | |
TOTAL | 732 | 68.85 | 68.68 | 67.84 | 28.71 | 61.0 | 92.0 | 61.6 | 100.0 | 27.1 |
BALANCE 700,000.00. 799,999.99 | 724 | 69.79 | 69.19 | 69.19 | 28.60 | 69.6 | 93.3 | 62.9 | 100.0 | 20.3 |
BALANCE 800,000.00. 899,999.99 | 726 | 67.74 | 66.97 | 66.97 | 27.43 | 58.9 | 97.5 | 61.3 | 100.0 | 20.9 |
BALANCE 900,000.00. 999,999.99 | 739 | 61.63 | 61.63 | 61.63 | 27.98 | 48.3 | 929 | 74.9 | 100.0 | 13.7 |
BALANCE 1,000,000.00-1,099,999.! | 721 | 57.92 | 57.92 | 57.92 | 21.71 | 36.1 | 91.0 | 63.9 | 100.0 | 27.1 |
BALANCE 1,200,000.00- 1,299,999. | 709 | 64.29 | 64.29 | 64.29 | 26.31 | 24.4 | 75.0 | 49.6 | 100.0 | 25.2 |
BALANCE 1,300,000.00- 1,399,999. | 733 | 65.08 | 65.08 | 65.08 | 26.42 | 40.2 | 79.7 | 80.1 | 100.0 | 19.4 |
BALANCE 1,400,000.00- 1,499,999. | 766 | 80.00 | 80.00 | 80.00 | 20.00 | 0.0 | 100.0 | 100.0 | 100.0 | 100.0 |
BALANCE 1,500,000.00- 1,599,999. | 754 | 68.01 | 68.01 | 68.01 | 34.05 | 49.7 | 100.0 | 100.0 | 100.0 | 0.0 |
BALANCE 1,600,000.00- 1,699,999. | 688 | 73.49 | 73.49 | 73.49 | 23.59 | 40.0 | 79.3 | 60.0 | 100.0 | 0.0 |
BALANCE 1,700,000.00- 1,799,999. | 736 | 47.22 | 47.22 | 47.22 | 14.00 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 |
BALANCE 1,800,000.00- 1,899,999. | 732 | 71.39 | 71.39 | 71.39 | 25.88 | 50.4 | 50.4 | 100.0 | 100.0 | 0.0 |
BALANCE 2,000,000.00- 2,099,999. | 757 | 60.97 | 60.97 | 60.97 | 16.00 | 0.0 | 75.0 | 25.0 | 100.0 | 50.0 |
BALANCE 2,099,999.99- AND UP | 700 | 66.67 | 66.67 | 66.67 | 53.00 | 0.0 | 100.0 | 100.0 | 100.0 | 0.0 |
F1CO 600-619 | 607 | 49.83 | 40.57 | 38.82 | 32.68 | 23.6 | 100.0 | 50.3 | 100.0 | 51.8 |
F1CO 620-639 | 629 | 67.30 | 67.30 | 66.36 | 24.95 | 51.3 | 96.9 | 85.6 | 100.0 | 8.4 |
F1CO 640-659 | 653 | 73.19 | 73.19 | 72.50 | 32.66 | 62.8 | 91.0 | 60.4 | 100.0 | 21.2 |
F1CO 660-679 | 670 | 68.74 | 68.74 | 67.47 | 30.50 | 56.6 | 94.1 | 62.3 | 100.0 | 33.5 |
F1CO 680-699 | 689 | 71.21 | 71.11 | 69.94 | 31.12 | 53.0 | 92.1 | 57.9 | 100.0 | 26.6 |
LTV 080.00 | 730 | 80.00 | 80.00 | 80.00 | 30.22 | 72.4 | 90.7 | 59.3 | 100.0 | 9.9 |
LTV 080.00-84.99 | 724 | 83.80 | 83.80 | 71.62 | 29.21 | 93.8 | 85.5 | 64.4 | 100.0 | 0.0 |
LTV 085.00-89.99 | 703 | 87.76 | 8357 | 61.22 | 32.90 | 88.9 | 98.6 | 55.4 | 100.0 | 0.0 |
LTV 090.00-94.99 | 718 | 9218 | 91.50 | 66.54 | 31.10 | 94.3 | 100.0 | 50.1 | 100.0 | 0.0 |
LTV >= 95 | 721 | 96.48 | 87.04 | 65.78 | 32.61 | 69.9 | 84.7 | 55.2 | 100.0 | 1.3 |
Investor | 736 | 62.34 | 60.79 | 60.79 | 29.73 | 63.8 | 0.0 | 36.4 | 100.0 | 13.4 |
Second Home | 738 | 66.53 | 65.87 | 65.70 | 27.10 | 41.9 | 0.0 | 52.3 | 100.0 | 15.3 |
Sequoia 2003-7
# of Loans | Balance | Avg. Balance | % of group balance | WAC | WARM | FICO | |
TOTAL | 2122 | 725,975,211.85 | 342,118.38 | 100% | 2.96057 | 351 | 732 |
I/0 Loans | 2122 | 725,975,211.85 | 342,118.38 | 100.0% | 2.96057 | 351 | 732 |
ALTERNATIVE | 122 | 59,539,639.64 | 488,029.83 | 8.2% | 2.81720 | 298 | 717 |
ASSET, NO INCOME | 1 | 489,976.04 | 489,976.04 | 0.1% | 3.12500 | 298 | 768 |
FULL | 1417 | 442,741,211.27 | 312,449.69 | 61.0% | 2.94051 | 359 | 735 |
LIMITED DOC | 483 | 190,266,180.36 | 393,925.84 | 26.2% | 3.09444 | 359 | 727 |
LITE DOC | 77 | 27,195,340.92 | 353,186.25 | 3.8% | 2.69654 | 299 | 743 |
NO RATIO | 22 | 5,742,863.62 | 261,039.26 | 0.8% | 2.79420 | 298 | 754 |
Cash Out Refi | 598 | 196,505,960.17 | 328,605.28 | 27.1% | 2.99413 | 350 | 731 |
Rate/Term Refi | 977 | 311,170,286.86 | 318,495.69 | 42.9% | 2.95787 | 353 | 728 |
2-4 UNITS | 16 | 5,744,172.40 | 359,010.78 | 0.8% | 1.20090 | 347 | 718 |
CONDO | 204 | 64,660,616.15 | 316,963.80 | 8.9% | 2.97809 | 345 | 735 |
198 | 68,476,812.48 | 345,842.49 | 94% | 2.97670 | 346 | 718 | |
DTI 0-9.99 | 51 | 21,211,976.89 | 415,92.12 | 2.9% | 2.86939 | 334 | 764 |
DTI 10-14.99 | 129 | 45,105,615.25 | 349,655.93 | 6.2% | 2.97871 | 348 | 740 |
DTI 15-19.99 | 203 | 62,498,883.69 | 307,876.27 | 8.6% | 2.94415 | 349 | 742 |
DTI 20-24.99 | 307 | 108,662,246.91 | 353,948.69 | 15.0% | 2.96254 | 354 | 737 |
DTI 25-29.99 | 376 | 127,078,103.92 | 337,973.68 | 17.5% | 2.97954 | 354 | 732 |
DTI 30-34.99 | 398 | 137,365,242.37 | 345,138.80 | 18.9% | 2.96251 | 354 | 730 |
DTI 35-00 | 441 | 149,974,832.64 | 340,078.99 | 20.7% | 2.95676 | 353 | 724 |
DTI UNAVAILABLE | 19 | 5,601,497.70 | 294,815.67 | 0.8% | 2.73165 | 298 | 751 |
GEORGIA LOANS | 119 | 36,723,776.51 | 308,603.16 | 5.1% | 2.91395 | 356 | 732 |
ORIG BALANCE > 1M | 30 | 46,772,614.50 | 1,559,087.15 | 6.4% | 3.01470 | 323 | 726 |
EFFLTV 080.00 | 423 | 142,292,814.18 | 336,389.63 | 19.6% | 2.89534 | 347 | 730 |
EFFLTV 080.00-84.99 | 20 | 3,774,455.97 | 188,722.80 | 0.5% | 3.00065 | 359 | 724 |
EFFLTV 085.00-89.99 | 30 | 5,594,210.71 | 186,473.69 | 0.8% | 2.96438 | 359 | 713 |
EFFLTV 090.00-94.99 | 40 | 8,682,435.78 | 217,060.89 | 1.2% | 3.13580 | 359 | 719 |
EFFLTV >= 95 | 36 | 6,539,656.88 | 181,657.14 | 0.9% | 3.12807 | 359 | 717 |
PMILTV 080.00 | 423 | 142,292,814.18 | 336,389.63 | 19.6% | 2.89534 | 347 | 730 |
PMILTV 090.00-94.99 | 1 | 800,000.00 | 800,000.00 | 0.1% | 3.12500 | 360 | 680 |
OLTV | Eff LTV | Adj Eff LTV with MI | DTI | % of Full Doc | % of Primary Owner | % Single Family | % of I0 loans % | % Cashout | |
TOTAL | 68.85 | 68.68 | 67.84 | 28.71 | 61.0 | 92.0 | 61.6 | 100.0 | 27.1 |
1/0 Loans | 68.85 | 68.68 | 67.84 | 28.71 | 61.0 | 92.0 | 61.6 | 100.0 | 27.1 |
ALTERNATIVE | 68.89 | 67.55 | 62.55 | 28.11 | 0.0 | 76.6 | 67.4 | 100.0 | 31.5 |
ASSET, NO INCOME | 67.12 | 67.12 | 67.12 | 32.00 | 0.0 | 0.0 | 100.0 | 100.0 | 100.0 |
FULL | 70.88 | 70.88 | 69.53 | 28.73 | 100.0 | 93.9 | 60.8 | 100.0 | 24.0 |
LIMITED DOC | 64.44 | 64.44 | 69.40 | 29.21 | 0.0 | 95.6 | 63.0 | 100.0 | 31.7 |
LITE DOC | 71.40 | 69.88 | 69.88 | 25.99 | 0.0 | 70.8 | 51.3 | 100.0 | 33.3 |
NO RATIO | 45.75 | 45.75 | 45.75 | 30.74 | 0.0 | 91.8 | 53.2 | 100.0 | 25.6 |
Cash Out Refi | 64.32 | 64.30 | 64.30 | 28.20 | 54.2 | 95.6 | 69.8 | 100.0 | 100.0 |
Rate/Term Refi | 62.03 | 66.92 | 65.91 | 28.67 | 62.6 | 93.9 | 59.8 | 100.0 | 0.0 |
2-4 UNITS | 68.56 | 68.56 | 68.56 | 30.35 | 30.3 | 83.1 | 0.0 | 100.0 | 15.5 |
CONDO | 69.93 | 69.35 | 68.61 | 28.36 | 53.0 | 74.7 | 0.0 | 100.0 | 21.1 |
72.43 | 71.85 | 70.28 | 44.85 | 62.5 | 88.0 | 63.4 | 100.0 | 20.0 | |
DTI 0-9.99 | 59.22 | 59.04 | 58.97 | 6.30 | 49.3 | 73.1 | 61.3 | 100.0 | 20.6 |
DTI 10-14.99 | 64.93 | 64.93 | 64.43 | 12.27 | 62.4 | 87.4 | 65.4 | 100.0 | 24.6 |
DTI 15-19.99 | 68.47 | 68.44 | 68.16 | 17.28 | 66.8 | 93.7 | 63.1 | 100.0 | 30.8 |
DTI 20-24.99 | 69.54 | 69.26 | 68.21 | 22.11 | 62.8 | 95.3 | 63.9 | 100.0 | 27.1 |
DTI 25-29.99 | 68.42 | 68.12 | 67.43 | 22.06 | 61.5 | 91.3 | 64.8 | 100.0 | 30.8 |
DTI 30-34.99 | 68.98 | 68.98 | 68.17 | 32.06 | 58.1 | 95.5 | 58.3 | 100.0 | 30.4 |
DTI 35-00 | 70.22 | 70.18 | 69.18 | 37.35 | 62.3 | 92.3 | 57.1 | 100.0 | 24.0 |
DTI UNAVAILABLE | 53.82 | 53.82 | 53.82 | 0.00 | 0.0 | 85.5 | 72.6 | 100.0 | 34.5 |
GEORGIA LOANS | 73.18 | 73.18 | 72.23 | 28.92 | 74.7 | 94.1 | 48.3 | 100.0 | 18.1 |
ORIG BALANCE > 1M | 66.62 | 66.62 | 66.62 | 25.38 | 28.9 | 79.9 | 66.6 | 100.0 | 19.8 |
EFFLTV 080.00 | 80.00 | 80.00 | 80.00 | 30.22 | 72.4 | 90.7 | 59.3 | 100.0 | 9.9 |
EFFLTV 080.00-84.99 | 83.80 | 83.80 | 71.62 | 29.21 | 93.8 | 85.5 | 64.4 | 100.0 | 0.0 |
EFFLTV 085.00-89.99 | 87.77 | 87.77 | 62.62 | 31.89 | 100.0 | 98.4 | 49.8 | 100.0 | 0.0 |
EFFLTV 090.00-94.99 | 92.26 | 92.26 | 66.41 | 31.49 | 97.7 | 100.0 | 48.4 | 100.0 | 0.0 |
EFFLTV >= 95 | 95.00 | 95.00 | 64.59 | 33.74 | 100.0 | 100.0 | 72.3 | 100.0 | 0.0 |
PMILTV 080.00 | 80.00 | 80.00 | 80.00 | 30.22 | 72.4 | 90.7 | 59.3 | 100.0 | 9.9 |
PMILTV 090.00-94.99 | 91.43 | 91.43 | 91.43 | 42.00 | 100.0 | 100.0 | 0.0 | 100.0 | 0.0 |