Filed Pursuant to Rule 424(b)(3)
Registration No. 333-118832-01 and
Registration No. 333-118832-10
Registration No. 333-118832-01 and
Registration No. 333-118832-10
SUPPLEMENT dated February 1, 2006
(To Prospectus Supplement Dated January 26, 2006
to Prospectus Dated September 17, 2004)
(To Prospectus Supplement Dated January 26, 2006
to Prospectus Dated September 17, 2004)
$296,241,100 (Approximate)
SEQUOIA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2006-1
RWT Holdings, Inc., Sponsor and Seller
Sequoia Residential Funding, Inc., Depositor
Sequoia Alternative Loan Trust 2006-1, Issuing Entity
__________________
Notwithstanding anything to the contrary on page S-1 of the accompanying prospectus supplement, (i) the initial Class Principal Amount of the Class A-1 Certificates is $237,930,000 and (ii) the initial Class Principal Amount of the Class A-2 Certificates is $41,000,000. Accordingly, rows one and two of the table on page S-1 in the accompanying prospectus supplement are hereby deleted and replaced with the following:
Initial Class | Initial | Interest | Initial | |||||||||||||||||||||||||
Principal | Interest | Rate | Principal | Certificate Ratings | ||||||||||||||||||||||||
Class | Amount(1) | Rate(2) | Formula | Type | Interest Type | Moody's | S&P | |||||||||||||||||||||
A-1 | $ | 237,930,000 | 6.206% | (3) | Super Senior | Variable Rate | Aaa | AAA | ||||||||||||||||||||
A-2 | $ | 41,000,000 | 6.206% | (3) | Senior Support | Variable Rate | Aaa | AAA |
Capitalized terms used herein are as defined in the accompanying prospectus supplement.