SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

                                 April 20, 2005
                Date of Report (Date of Earliest Event Reported)

                        SEQUOIA RESIDENTIAL FUNDING, INC.
  (as Depositor of Sequoia Mortgage Trust 2004-3, the Issuer of Mortgage Pass-
          Through Certificates under a Pooling and Servicing Agreement
                           dated as of March 1, 2004)

                        SEQUOIA RESIDENTIAL FUNDING, INC.
                        ---------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

            Delaware                   333-103634-01               35-2170972
            --------                   -------------               ----------
(State or Other Jurisdiction of   (Commission File Number)     (I.R.S. Employer
         Incorporation)                                      Identification No.)

             One Belvedere Place, Suite 330, Mill Valley, CA 94941
             -----------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (415) 381-1765
                                 --------------
                         (Registrant's Telephone Number,
                              Including Area Code)

                                 Not Applicable
                                 --------------
          (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



INFORMATION TO BE INCLUDED IN THE REPORT

Item 8.01.  OTHER EVENTS

            Sequoia Residential Funding, Inc. has previously registered the
            offer and sale of Mortgage Pass-Through Certificates issued by
            Sequoia Mortgage Trust 2004-3 (the "Certificates").

            The following exhibit which relates specifically to the Certificates
            is included with this Current Report:

Item 9.01.  Exhibits

            10.1  Monthly Payment Date Statement relating to the distribution to
                  Certificateholders, April 20, 2005.



                                    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: May 6, 2005

                                    SEQUOIA RESIDENTIAL FUNDING, INC.

                                    By: /s/ Harold F. Zagunis
                                        -------------------------------------
                                        Harold F. Zagunis
                                        Chief Financial Officer and Secretary



                                  EXHIBIT INDEX



Exhibit Number                                                                         Page Number
- --------------                                                                         -----------
                                                                                    
     10.1         Monthly Payment Date Statement relating to the distribution to
                  Certificateholders, April 20, 2005...............................          5