SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
December 23, 2003
Date of Report (Date of Earliest Event Reported)
SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor with respect to the issuance of Sequoia Mortgage Trust 2003-7,
Mortgage Pass-Through Certificates)
SEQUOIA RESIDENTIAL FUNDING, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-103634 35-2170972
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Identification
of Incorporation) No.)
One Belvedere Place, Suite 330
Mill Valley, CA 94941
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(Address of Principal Executive Offices)
(415) 389-7373
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(Registrant's Telephone Number,
Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
On November 1, 2003, Sequoia Residential Funding, Inc. (the
"Depositor"), Wells Fargo Bank Minnesota, National Association (the
"Master Servicer" and "Securities Administrator"), and HSBC Bank USA
(the "Trustee") entered into a Pooling and Servicing Agreement (the
"Pooling and Servicing Agreement"), pursuant to which the Sequoia
Mortgage Trust 2003-7 Mortgage Pass-Through Certificates in the
approximate aggregate principal amount of $823,331,000 were issued. In
connection with the offering of Mortgage Pass-Through Certificates, RWT
Holdings, Inc. ("RWT") and the Depositor entered into a Mortgage Loan
Purchase and Sale Agreement dated November 1, 2003 (the "Mortgage Loan
Purchase Agreement"), pursuant to which RWT conveyed to the Depositor
as of the initial closing on November 25, 2003, all of its interest in
the Initial Mortgage Loans.
Also pursuant to the Mortgage Loan Purchase Agreement between
RWT and the Depositor, RWT conveyed to the Depositor as of the
Subsequent Transfer Date on December 23, 2003 (the "Subsequent
Closing"), the Subsequent Mortgage Loans. A description of the
Subsequent Mortgage Loan Collateral is attached hereto as Exhibit 99.1.
The opinion as to federal income tax matters in connection with the
Subsequent Closing is attached hereto as Exhibit 99.2.
ITEM 7(c). EXHIBITS
99. 1 Description of the Subsequent Mortgage Loan
Collateral.
99.2 Opinion of Chapman and Cutler LLP, dated December
23, 2003, as to federal income tax matters in
connection with the issuance of the Sequoia
Mortgage Trust 2003-7 Mortgage Pass-Through
Certificates and the Subsequent Closing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: December 23, 2003
SEQUOIA RESIDENTIAL FUNDING, INC.
By: /s/ Harold F. Zagunis
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Harold F. Zagunis
Secretary
EXHIBIT INDEX
Exhibit Number
99.1 Description of Subsequent Mortgage Loan Collateral.
99.2 Opinion of Chapman and Cutler LLP, dated December 23, 2003, as to
federal income tax matters in connection with the issuance of the
Sequoia Mortgage Trust 2003-7 Mortgage Pass-Through Certificates and
the Subsequent Closing.