Filed Pursuant to Rule 424(b)(3) Registration No. 333-112334-01 SEQUOIA MORTGAGE TRUST 2004-4 Mortgage Pass-Through Certificates SEQUOIA RESIDENTIAL FUNDING, INC. Depositor May 26, 2004 SECURITY PROSPECTUS SUPPLEMENT TOTAL GROSS PROCEEDS OF 5/24/04 OFFERING Sequoia Mortgage Trust 2004-4 Dated April 14, 2004 Class X-1 Certificate Risk Factors Begin on Page S-10 $9,823,289 The above referenced securities are being sold by Redwood Trust, Inc., parent of the Depositor, at the price set forth above to Morgan Stanley & Co. Incorporated, pursuant to an Underwriting Agreement dated as of May 24, 2004, among Redwood Trust, Inc., RWT Holdings, Inc. and Sequoia Residential Funding, Inc. and Morgan Stanley & Co. Incorporated. Company Contact John Isbrandtsen (415) 389-7373 john.isbrandtsen@redwoodtrust.com The prospectus supplement listed in the table above should be read in its entirety by anyone considering an investment in the Securities being offered by Redwood Trust, Inc. Consider carefully the risk factors in the prospectus supplement listed above, which risk factors begin on the page listed above. The investments referred to above are not insured or guaranteed by any governmental agency. Offers of these Securities are made by prospectus. Neither the Securities and Exchange Commission nor any state securities commission has approved or disproved these securities or determined if the prospectus supplement listed above or this prospectus supplement are accurate or complete. Any representation to the contrary is a criminal offense. Supplement dated May 26, 2004 to the Prospectus Supplement dated April 14, 2004