UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-D

 

 

ASSET-BACKED ISSUER DISTRIBUTION REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:

June 28, 2022 to July 25, 2022

Commission File Number of issuing entity: 333-179292-08

Central Index Key Number of issuing entity: 0001567958

 

 

Sequoia Mortgage Trust 2013-3

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-179292

Central Index Key Number of depositor: 0001176320

Sequoia Residential Funding, Inc.

(Exact name of depositor as specified in its charter)

 

Central Index Key Number of sponsor: 0001530239

RWT Holdings, Inc.

(Exact name of sponsor as specified in its charter)

Jeremy P. Strom

(720) 627-8472

(Name and telephone number, including area code, of the person to contact in connection with this filing)

 

 

 

 

New York

(State or other jurisdiction of incorporation or organization of the issuing entity)

38-3903315

38-3903316

(I.R.S. Employer Identification No.)

 

c/o Citibank, N.A.

388 Greenwich Street, 14th Floor

New York, New York

  10013
(Address of principal executive offices of the issuing entity)   (Zip Code)

(212) 816-5693

(Telephone number, including area code)

 

 

 

     Registered/reporting pursuant to
(check one)
   Name of
exchange
(If Section 12(b))

Title of class

   Section 12(b)    Section 12(g)    Section 15(d)   

A-1

   ¨    ¨    x   
           

 

A-2

   ¨    ¨    x   
           

 

A-IO1

   ¨    ¨    x   
           

 

A-IO2

   ¨    ¨    x   
           

 

B-1

   ¨    ¨    x   
           

 

B-2

   ¨    ¨    x   
           

 

B-3

   ¨    ¨    x   
           

 

B-4

   ¨    ¨    x   
           

 

B-5

   ¨    ¨    x   
           

 

LT-R

   ¨    ¨    x   
           

 

R

   ¨    ¨    x   
           

 

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

 

 

 


PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On July 25, 2022, a distribution was made to holders of the certificates issued by Sequoia Mortgage Trust 2013-3.

The distribution report is attached as Exhibit 99.1 to this Form 10-D.

No assets securitized by Sequoia Residential Funding, Inc. (the “Depositor”) and held by Sequoia Mortgage Trust 2013-3 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from June 28, 2022 to July 25, 2022.

RWT Holdings, Inc. (the “Securitizer”), an affiliate of the Depositor, is the sponsor and the Securitizer of assets held by Sequoia Mortgage Trust 2013-3. The Securitizer filed its first Form ABS-15G on February 6, 2012, and most recently filed its Form ABS-15G on February 11, 2022. The CIK number of the Securitizer is 0001530239.

PART II – OTHER INFORMATION

Item 10. Exhibits.

(a) The following is a list of documents filed as part of this Report on Form 10-D:

(99.1): Monthly report distributed to holders of the certificates issued by Sequoia Mortgage Trust 2013-3, relating to the July 25, 2022 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form 10-D are listed above and in the Exhibit Index that immediately follows the signature page hereof.

EXHIBIT INDEX

 

Exhibit
Number
   Description
Exhibit 99.1    Monthly report distributed to holders of the certificates issued by Sequoia Mortgage Trust 2013-3, relating to the July 25, 2022 distribution.

SIGNATURES

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.

 

Sequoia Residential Funding, Inc.
(Depositor)

/s/ Jeremy P. Strom

Jeremy P. Strom, President & Senior Officer in Charge of Securitization

Date: August 8, 2022


certstmtsemt13032207.htm - Generated by SEC Publisher for SEC Filing
Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3

 

CONTACT INFORMATION  
Depositor Sequoia Residential Funding, Inc.
Trustee Christiana Trust
Master Servicer Wells Fargo Bank, N.A.

 

CONTENTS  
Distribution Summary 2
Distribution Summary (Factors) 3
Interest Distribution 4
Principal Distribution 5
Reconciliation Detail 6
Collateral Summary 7
Stratification Detail 8
Delinquency Information 9
Standard Prepayment and Default Information 11
Distribution Waterfall Detail 12
Other Information 13
Asset Level Detail 14

 

Deal Contact: Karen Schluter Citibank, N.A.
  karen.schluter@citi.com Agency and Trust
  Tel: (212) 816-5827 388 Greenwich Street
    New York, NY 10013

 

Reports Available at sf.citidirect.com Page 1 of 18 © Copyright 2022 Citigroup

 


 

Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
DISTRIBUTION IN DOLLARS Distribution Summary

 

        Prior   Pass-                                   Current
    Original   Principal   Through   Accrual   Accrual   Interest   Principal     Total   Balance   Realized     Principal
Class   Balance   Balance   Rate   Day Count   Dates   Distributed   Distributed     Distributed   Change   Loss     Balance
(1 ) (2 ) (3 ) (4 ) (5 ) (6 ) (7 ) (8 ) (9)= (7 +8) (10 ) (11 ) (12)= (3-8+10-11)
A-1   150,196,000.00   18,667,491.24   2.000000 % 30 / 360   06/01 - 06/30   31,112.49   393,678.06     424,790.55   0.00   0.00     18,273,813.18
A-2   411,000,000.00   51,082,178.60   2.500000 % 30 / 360   06/01 - 06/30   106,421.21   1,077,270.25     1,183,691.46   0.00   0.00     50,004,908.35
B-1   11,404,000.00   2,644,244.55   3.512697 % 30 / 360   06/01 - 06/30   7,740.36   100,243.24     107,983.60   0.00   0.00     2,544,001.31
B-2   9,904,000.00   2,296,439.64   3.512697 % 30 / 360   06/01 - 06/30   6,722.25   87,057.97     93,780.22   0.00   0.00     2,209,381.67
B-3   8,102,000.00   1,878,610.07   3.512697 % 30 / 360   06/01 - 06/30   5,499.16   71,218.06     76,717.22   0.00   0.00     1,807,392.01
B-4   3,001,000.00   695,841.63   3.512697 % 30 / 360   06/01 - 06/30   2,036.90   26,379.34     28,416.24   0.00   0.00     669,462.29
B-5   6,603,241.00   5,994,232.85   3.512697 % 30 / 360   06/01 - 06/30   17,546.59   0.00     17,546.59   0.00   0.00     5,994,232.85
LT-R   0.00   0.00   0.000000 % -   -   0.00   0.00     0.00   0.00   0.00     0.00
R   0.00   0.00   0.000000 % -   -   0.00   0.00     0.00   0.00   0.00     0.00
Totals   600,210,241.00   83,259,038.58               177,078.96   1,755,846.92     1,932,925.88   0.00   0.00     81,503,191.66

 

Notional Classes                        
A-IO1 150,196,000.00 18,667,491.24 0.500000 % 30 / 360 06/01 - 06/30 7,778.12 0.00 7,778.12 0.00 0.00 18,273,813.18
A-IO2 561,196,000.00 69,749,669.84 1.012697 % 30 / 360 06/01 - 06/30 58,862.76 0.00 58,862.76 0.00 0.00 68,278,721.54
Totals 711,392,000.00 88,417,161.08         66,640.88 0.00 66,640.88 0.00 0.00 86,552,534.72

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
PER $1,000 OF ORIGINAL BALANCE Distribution Summary (Factors)

 

        Prior           Current
      Record Principal Interest Principal Total Balance Realized Principal
Class CUSIP(s)   Date Balance Distributed Distributed Distributed Change Loss Balance
        (3/2 x 1000) (7/2 x 1000) (8/2 x 1000) (9/2 x 1000) (10/2 x 1000) (11/2 x 1000) (12/2 x 1000)
A-1 81745 RAA8 6/30/2022 124.287539 0.207146 2.621096 2.828241 0.000000 0.000000 121.666444
A-2 81745 RAB6 6/30/2022 124.287539 0.258932 2.621095 2.880028 0.000000 0.000000 121.666444
B-1 81745 RAG5 6/30/2022 231.869918 0.678741 8.790182 9.468923 0.000000 0.000000 223.079736
B-2 81745 RAH3 6/30/2022 231.869915 0.678741 8.790183 9.468924 0.000000 0.000000 223.079732
B-3 81745 RAJ9 6/30/2022 231.869917 0.678741 8.790183 9.468924 0.000000 0.000000 223.079735
B-4 81745 RAK6 6/30/2022 231.869920 0.678740 8.790183 9.468924 0.000000 0.000000 223.079737
B-5 81745 RAL4 6/30/2022 907.771328 2.657269 0.000000 2.657269 0.000000 0.000000 907.771328
LT-R 81745 RAN0 6/30/2022 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 81745 RAM2 6/30/2022 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-IO1 81745 RAD2 6/30/2022 124.287539 0.051786 0.000000 0.051786 0.000000 0.000000 121.666444
A-IO2 81745 RAE0 6/30/2022 124.287539 0.104888 0.000000 0.104888 0.000000 0.000000 121.666444

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
DISTRIBUTION IN DOLLARS Interest Distribution Detail

 

    Prior   Pass-   Next Pass-   Interest   Optimal   Prior   Interest on   Non-Recov.                 Current
    Principal   Through   Through   Accrual Day   Accrued   Unpaid   Prior Unpaid   Interest     Interest Deferred   Interest     Unpaid
Class   Balance   Rate   Rate   Cnt Fraction   Interest   Interest   Interest   Shortfall     Due Interest   Distributed     Interest
(1 ) (2 ) (3 ) (4 ) (5 ) (6 ) (7 ) (8 ) (9 ) (10)= (6)+(7)+(8)-(9) (11 ) (12 ) (13)= (10)-(11)-(12)
A-1   18,667,491.24   2.000000 % 2.000000 % 30 / 360   31,112.49   0.00   0.00   0.00     31,112.49 0.00   31,112.49     0.00
A-2   51,082,178.60   2.500000 % 2.500000 % 30 / 360   106,421.21   0.00   0.00   0.00     106,421.21 0.00   106,421.21     0.00
B-1   2,644,244.55   3.512697 % 3.512009 % 30 / 360   7,740.36   0.00   0.00   0.00     7,740.36 0.00   7,740.36     0.00
B-2   2,296,439.64   3.512697 % 3.512009 % 30 / 360   6,722.25   0.00   0.00   0.00     6,722.25 0.00   6,722.25     0.00
B-3   1,878,610.07   3.512697 % 3.512009 % 30 / 360   5,499.16   0.00   0.00   0.00     5,499.16 0.00   5,499.16     0.00
B-4   695,841.63   3.512697 % 3.512009 % 30 / 360   2,036.90   0.00   0.00   0.00     2,036.90 0.00   2,036.90     0.00
B-5   5,994,232.85   3.512697 % 3.512009 % 30 / 360   17,546.61   258.76   0.00   0.00     17,805.37 0.00   17,546.59     258.78
LT-R   0.00   0.000000 % -   -   0.00   0.00   0.00   0.00     0.00 0.00   0.00     0.00
R   0.00   0.000000 % -   -   0.00   0.00   0.00   0.00     0.00 0.00   0.00     0.00
Totals   83,259,038.58               177,078.98   258.76   0.00   0.00     177,337.74 0.00   177,078.96     258.78

 

Notional Classes                            
A-IO1 18,667,491.24 0.500000 % 0.500000 % 30 / 360 7,778.12 0.00 0.00 0.00 7,778.12 0.00 7,778.12 0.00
A-IO2 69,749,669.84 1.012697 % 1.012009 % 30 / 360 58,862.76 0.00 0.00 0.00 58,862.76 0.00 58,862.76 0.00
Totals 88,417,161.08           66,640.88 0.00 0.00 0.00 66,640.88 0.00 66,640.88 0.00

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
DISTRIBUTION IN DOLLARS Principal Distribution Detail

 

        Prior   Scheduled   Unscheduled       Current   Current     Current   Cumulative   Original   Current   Original   Current  
    Original   Principal   Principal   Principal   Balance   Realized   Principal     Principal   Realized   Class   Class   Credit   Credit  
Class   Balance   Balance   Distribution   Distribution   Change   Losses   Recoveries     Balance   Losses   (%)   (%)   Support Support  
(1 ) (2 ) (3 ) (4 ) (5 ) (6 ) (7 ) (8 ) (9)= (3)-(4)-(5)+(6)-   (10 ) (11 ) (12 ) (13 ) (14 )
                                (7)+ (8 )                    
A-1   150,196,000.00   18,667,491.24   56,735.32   336,942.74   0.00   0.00   0.00     18,273,813.18   0.00   25.02 % 22.42 % 6.50 % 16.23 %
A-2   411,000,000.00   51,082,178.60   155,251.90   922,018.34   0.00   0.00   0.00     50,004,908.35   0.00   68.48 % 61.35 % 6.50 % 16.23 %
B-1   11,404,000.00   2,644,244.55   14,446.66   85,796.58   0.00   0.00   0.00     2,544,001.31   0.00   1.90 % 3.12 % 4.60 % 13.10 %
B-2   9,904,000.00   2,296,439.64   12,546.45   74,511.52   0.00   0.00   0.00     2,209,381.67   0.00   1.65 % 2.71 % 2.95 % 10.39 %
B-3   8,102,000.00   1,878,610.07   10,263.66   60,954.40   0.00   0.00   0.00     1,807,392.01   0.00   1.35 % 2.22 % 1.60 % 8.18 %
B-4   3,001,000.00   695,841.63   3,801.69   22,577.65   0.00   0.00   0.00     669,462.29   0.00   0.50 % 0.82 % 1.10 % 7.35 %
B-5   6,603,241.00   5,994,232.85   0.00   0.00   0.00   0.00   0.00     5,994,232.85   0.00   1.10 % 7.35 % 0.00 % 0.00 %
Totals   600,210,241.00   83,259,038.58   253,045.68   1,502,801.23   0.00   0.00   0.00     81,503,191.66   0.00   100 % 100 %        

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Reconciliation Detail

 

SOURCE OF FUNDS
 
Interest Funds Available      
Scheduled Interest   262,106.11  
Uncompensated PPIS   0.00  
Relief Act Shortfall   0.00  
Losses in Excess of Principal Balance   0.00  
Stop Advance Interest   0.00  
Other Interest Reductions   0.00  
Total Interest Funds Available:     262,106.11
Principal Funds Available      
Scheduled Principal   253,045.68  
Curtailments   21,698.41  
Curtailments Adjustments   0.00  
Prepayments in Full   1,481,102.82  
Liquidation Principal   0.00  
Repurchased Principal   0.00  
Other Principal   0.00  
Substitution Principal   0.00  
Principal Losses and Forgiveness   0.00  
Subsequent Recoveries / (Losses)   0.00  
Total Principal Funds Available:     1,755,846.91
Total Funds Available     2,017,953.02

 

ALLOCATION OF FUNDS
Scheduled Fees    
Master Servicing Fee 272.64  
Servicing Fee 17,345.62  
Trustee Fee 60.31  
Securities Administrator Fee 707.70  
Total Scheduled Fees:   18,386.27
Additional Fees, Expenses, etc.    
Trust Fund Expenses 0.00  
Other Expenses 0.00  
Total Additional Fees, Expenses, etc.:   0.00
Distributions    
Interest Distribution 243,719.84  
Principal Distribution 1,755,846.91  
Total Distributions:   1,999,566.75
Total Funds Allocated   2,017,953.02

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
    Collateral Summary

 

ASSET CHARACTERISTICS
  Cut-Off   Beginning   Ending   Delta or % of Orig  
Aggregate Stated Principal Balance 600,210,241.34   83,259,039.04   81,503,192.13   13.58 %
Aggregate Actual Principal Balance 600,210,241.34   83,497,178.90   81,748,667.72   13.62 %
Loan Count 746   146   143   603  
Weighted Average Coupon Rate (WAC) 3.818731 % 3.777696 % 3.777008 % -0.041723 %
Net Weighted Average Coupon Rate (Net WAC) 3.553731 % 3.512696 % 3.512008 % -0.041723 %
Weighted Average Remaining Term (WART in months) 358   247   246   112  

 

AVAILABLE PRINCIPAL
 
Scheduled Principal 253,045.68
Curtailments 21,698.41
Curtailments Adjustments 0.00
Prepayments in Full 1,481,102.82
Liquidation Principal 0.00
Repurchased Principal 0.00
Other Principal 0.00
Substitution Principal 0.00
Principal Losses and Forgiveness 0.00
Subsequent Recoveries / (Losses) 0.00
 
TOTAL AVAILABLE PRINCIPAL 1,755,846.91
 
Realized Loss Summary

Principal Losses and Forgiveness 0.00
Losses in Excess of Principal Balance 0.00
Subsequent (Recoveries) / Losses 0.00
Cumulative Realized Losses 0.00

 

AVAILABLE INTEREST
 
Scheduled Interest 262,106.11
 
Less: Master Servicing Fee 272.64
  Servicing Fee 17,345.62
  Trustee Fee 60.31
  Securities Administrator Fee 707.70
  Uncompensated PPIS 0.00
  Relief Act Shortfall 0.00
  Other Expenses 0.00
  Losses in Excess of Principal Balance 0.00
  Stop Advance Interest 0.00
  Other Interest Reductions 0.00
 
TOTAL AVAILABLE INTEREST 243,719.84

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Stratification Detail

 

Loan Rate
 
    # of Ending Sched % of Agg    
Loan Rate   Loans Balance Balance WAC WART
 
3.00 or Less   0 0.00 0.00 0.0000 0
3.01 to 3.25   4 1,969,612.75 2.42 3.2329 246
3.26 to 3.50   14 7,919,501.86 9.72 3.4746 246
3.51 to 3.75   60 35,839,500.13 43.97 3.6821 246
3.76 to 4.00   52 29,757,132.31 36.51 3.9061 246
4.01 to 4.25   9 3,499,246.57 4.29 4.1562 246
4.26 to 4.50   3 1,740,043.87 2.13 4.3750 246
4.51 to 4.75   1 778,154.64 0.95 4.6250 244
4.76 to 5.00   0 0.00 0.00 0.0000 0
5.01 to 5.25   0 0.00 0.00 0.0000 0
5.26 to 5.50   0 0.00 0.00 0.0000 0
5.51 to 5.75   0 0.00 0.00 0.0000 0
5.76 to 6.00   0 0.00 0.00 0.0000 0
6.01 or Greater   0 0.00 0.00 0.0000 0
  Totals 143 81,503,192.13 100.00 3.7770 246

 

Ending Scheduled Balance
 
Ending Sched # of Ending Sched % of Agg    
Balance Loans Balance Balance WAC WART
 
1 to 150,000 2 180,933.91 0.22 3.7500 246
150,001 to 300,000 11 2,703,030.44 3.32 3.8138 246
300,001 to 450,000 18 7,016,764.03 8.61 3.8247 246
450,001 to 600,000 54 28,022,733.31 34.38 3.7760 246
600,001 to 750,000 35 23,544,557.24 28.89 3.7711 246
750,001 to 900,000 18 14,159,563.13 17.37 3.7697 246
900,001 to 1,050,000 2 2,000,398.41 2.45 3.7250 246
1,050,001 to 1,200,000 1 1,147,416.32 1.41 3.8750 246
1,200,001 to 1,350,000 1 1,336,318.40 1.64 3.5500 246
1,350,001 to 1,500,000 1 1,391,476.94 1.71 3.8750 246
Totals 143 81,503,192.13 100.00 3.7770 246

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Delinquency Information

 

  DELINQUENT         BANKRUPTCY         FORECLOSURE         REO         TOTAL      
Days Balance   Count   Days Balance   Count   Days Balance   Count   Days Balance   Count   Days Balance   Count  
          < 30 0.00   0   < 30 0.00   0   < 30 0.00   0   < 30 0.00   0  
            0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
30-59 0.00   0   30-59 0.00   0   30-59 0.00   0   30-59 0.00   0   30-59 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
60-89 0.00   0   60-89 0.00   0   60-89 0.00   0   60-89 0.00   0   60-89 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
90-119 0.00   0   90-119 0.00   0   90-119 0.00   0   90-119 0.00   0   90-119 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
120-149 0.00   0   120-149 0.00   0   120-149 0.00   0   120-149 0.00   0   120-149 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
150-179 0.00   0   150-179 0.00   0   150-179 0.00   0   150-179 0.00   0   150-179 0.00   0  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %   0.000000 % 0.0 %
180+ 0.00   0   180+ 0.00   0   180+ 762,151.73   1   180+ 0.00   0   180+ 762,151.73   1  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.935119 % 0.7 %   0.000000 % 0.0 %   0.935119 % 0.7 %
Total 0.00   0   Total 0.00   0   Total 762,151.73   1   Total 0.00   0   Total 762,151.73   1  
  0.000000 % 0.0 %   0.000000 % 0.0 %   0.935119 % 0.7 %   0.000000 % 0.0 %   0.935119 % 0.7 %

 

Principal and Interest Advances N/A

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Historical Delinquency Information

 

Distribution 1 Month       2 Month       3 + Month     Bankruptcy       Foreclosure       REO       Total      
Date Balance   Cnt   Balance   Cnt   Balance   Cnt   Balance   Cnt   Balance   Cnt   Balance   Cnt   Balance   Cnt  
07/2022 0   0   0   0   0   0   0   0   762,152   1   0   0   762,152   1  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.935 % 0.7 % 0.000 % 0.0 % 0.935 % 0.7 %
06/2022 594,018   1   0   0   0   0   0   0   764,306   1   0   0   1,358,323   2  
  0.713 % 0.7 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.918 % 0.7 % 0.000 % 0.0 % 1.631 % 1.4 %
05/2022 939,974   2   0   0   0   0   0   0   766,452   1   0   0   1,706,426   3  
  1.109 % 1.3 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.905 % 0.7 % 0.000 % 0.0 % 2.014 % 2.0 %
04/2022 0   0   0   0   462,220   1   0   0   768,592   1   0   0   1,230,812   2  
  0.000 % 0.0 % 0.000 % 0.0 % 0.535 % 0.7 % 0.000 % 0.0 % 0.890 % 0.7 % 0.000 % 0.0 % 1.425 % 1.3 %
03/2022 596,589   1   463,495   1   0   0   0   0   770,725   1   0   0   1,830,809   3  
  0.681 % 0.7 % 0.529 % 0.7 % 0.000 % 0.0 % 0.000 % 0.0 % 0.880 % 0.7 % 0.000 % 0.0 % 2.089 % 2.0 %
02/2022 1,062,978   2   0   0   0   0   0   0   772,850   1   0   0   1,835,828   3  
  1.188 % 1.3 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.864 % 0.6 % 0.000 % 0.0 % 2.052 % 1.9 %
01/2022 603,417   1   0   0   0   0   0   0   774,968   1   0   0   1,378,386   2  
  0.669 % 0.6 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.859 % 0.6 % 0.000 % 0.0 % 1.527 % 1.3 %
12/2021 0   0   0   0   0   0   0   0   777,080   1   0   0   777,080   1  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.809 % 0.6 % 0.000 % 0.0 % 0.809 % 0.6 %
11/2021 2,141,910   3   0   0   0   0   0   0   779,184   1   0   0   2,921,094   4  
  2.187 % 1.8 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.796 % 0.6 % 0.000 % 0.0 % 2.983 % 2.4 %
10/2021 608,286   1   0   0   0   0   0   0   781,281   1   0   0   1,389,567   2  
  0.594 % 0.6 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.763 % 0.6 % 0.000 % 0.0 % 1.358 % 1.2 %
09/2021 0   0   0   0   0   0   0   0   783,372   1   0   0   783,372   1  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.750 % 0.6 % 0.000 % 0.0 % 0.750 % 0.6 %
08/2021 0   0   0   0   0   0   0   0   785,455   1   0   0   785,455   1  
  0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.000 % 0.0 % 0.736 % 0.6 % 0.000 % 0.0 % 0.736 % 0.6 %

 


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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Standard Prepayment and Default Information

 

  Wtd. Avg. Current                              
Payment Age Collateral Scheduled Unscheduled Liquidation                        
Date (Months) Balance Principal Principal Principal SMM   CPR   PSA   MDR   CDR   SDA  
 
25-Jul-2022 114.19 81,503,192.13 253,045.68 1,502,801.23 0.00 1.810 % 19.688 % 328 % 0.000 % 0.000 % 0 %
27-Jun-2022 113.18 83,259,039.04 255,300.12 1,210,035.53 0.00 1.433 % 15.898 % 265 % 0.000 % 0.000 % 0 %
25-May-2022 112.19 84,724,374.69 258,304.86 1,369,206.49 0.00 1.590 % 17.501 % 292 % 0.000 % 0.000 % 0 %
25-Apr-2022 111.19 86,351,886.04 259,842.11 1,009,132.05 0.00 1.155 % 13.014 % 217 % 0.000 % 0.000 % 0 %
25-Mar-2022 110.17 87,620,860.20 262,364.83 1,601,427.84 0.00 1.795 % 19.534 % 326 % 0.000 % 0.000 % 0 %
25-Feb-2022 109.17 89,484,652.87 266,418.55 487,165.28 0.00 0.541 % 6.308 % 105 % 0.000 % 0.000 % 0 %
25-Jan-2022 108.16 90,238,236.70 285,114.33 5,542,212.83 0.00 5.786 % 51.094 % 852 % 0.000 % 0.000 % 0 %
27-Dec-2021 107.16 96,065,563.86 289,045.33 1,568,160.87 0.00 1.606 % 17.659 % 294 % 0.000 % 0.000 % 0 %
26-Nov-2021 106.15 97,922,770.06 299,323.50 4,119,255.37 0.00 4.037 % 39.010 % 650 % 0.000 % 0.000 % 0 %
25-Oct-2021 105.16 102,341,348.93 303,118.00 1,771,496.13 0.00 1.702 % 18.612 % 310 % 0.000 % 0.000 % 0 %
27-Sep-2021 104.17 104,415,963.06 308,084.07 2,045,864.56 0.00 1.922 % 20.773 % 346 % 0.000 % 0.000 % 0 %
SMM (Single Month Mortality) = (Beginning Balance - Ending Balance - Scheduled Principal) / (Beginning Balance - Scheduled Principal)     MDR (Monthly Default Rate) = Beginning Balance of Liquidated Asset / Total Beginning Balance  
CPR (Constant Prepayment Rate) = 1 - ((1-SMM)^12)           CDR (Conditional Default Rate) = 1 - ((1-MDR)^12)              
PSA (Public Securities Association) = CPR / (min(.2% * Age, 6%))           SDA (Standard Default Assumption) = CDR / (min(.2% * Age, 6%))          

 


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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Waterfall Detail

 

      Remaining
DISTRIBUTIONS Amount   Available
  Distributed   Funds
 
 
 
Available Distribution Amount     1,999,566.75
 
Senior Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (204,174.58 ) 1,795,392.17
Senior Certificates, the Senior Principal Distribution Amount (1,470,948.30 ) 324,443.87
Class B-1 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (7,740.36 ) 316,703.51
Class B-1 Certificates, the Subordinate Principal Distribution Amount (100,243.24 ) 216,460.27
Class B-2 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (6,722.25 ) 209,738.02
Class B-2 Certificates, the Subordinate Principal Distribution Amount (87,057.97 ) 122,680.05
Class B-3 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (5,499.16 ) 117,180.89
Class B-3 Certificates, the Subordinate Principal Distribution Amount (71,218.06 ) 45,962.83
Class B-4 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (2,036.90 ) 43,925.93
Class B-4 Certificates, the Subordinate Principal Distribution Amount (26,379.34 ) 17,546.59
Class B-5 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls (17,546.59 ) 0.00
Class B-5 Certificates, the Subordinate Principal Distribution Amount 0.00   0.00
Class LT-R and R Certificates, any remaining amounts 0.00   0.00

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Other Information

 

Principal Percentages    
 
Senior Percentage 83.774291 %
Subordinate Percentage 16.225709 %
Senior Prepayment Percentage 83.774291 %
Subordinate Prepayment Percentage 16.225709 %
 
Other Information    
 
Step-Down Test satisfied? Yes  

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Voluntary Prepayments, Repurchases, and Substitutions

 

        Scheduled                
      Original Principal Principal Prepayment Prepayment Current        
  Principal Pay   Principal Balance at Pay Down Penalties Penalties Note   Original Original  
Loan Number Down Date Payoff Type Balance Payoff Amount Collected Waived Rate   LTV Term State
0000000048034912 07/01/2022 Voluntary Prepayment 650,000.00 223,177.10 223,177.10 0.00 0.00 3.75000 % 59.90 360 CO
0000000048519409 07/01/2022 Voluntary Prepayment 818,500.00 655,570.28 655,570.28 0.00 0.00 4.12500 % 58.46 360 CT
0000000048036651 07/01/2022 Voluntary Prepayment 770,000.00 606,395.68 606,395.68 0.00 0.00 3.50000 % 59.04 360 TX
Count: 3   TOTALS: 2,238,500.00 1,485,143.06 1,485,143.06 0.00 0.00 3.813455 % 59.08 360  

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Liquidation / Loss Detail

 

      Most Recent Cutoff Prior Unpaid Prior Scheduled Current Subsequent    
    Most Recent Next Due Principal Principal Principal Realized Loss Loss / (Recovery) Total Realized Loss
Loan Number Loss Type Loan Status Date Balance Balance Balance Amount Amount Loss Amount Severity
 
No Loans With Losses to Report.

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    REO Detail

 

            Current  
      REO Original Unpaid Principal Scheduled REO
  Group   Acquisition Principal Balance at Principal Book
Loan Number No. State Date Balance Acquisition Balance Value
 
      No REOs to Report.      

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Material Modifications, Extensions, and Waivers Loan Detail: Part 1

 

Effective       Current Current            
Mod.       Scheduled Actual Delinquency Capitalized Deferred Deferred Forgiven Forgiven
Date Loan Number P&I Balance Balance Balance Status Amount Principal Interest Principal Interest
 
No Modified Loans to Report.

 

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Distribution Date: 07/25/2022 Sequoia Mortgage Trust
Determination Date: 07/18/2022  
    Mortgage Pass-Through Certificates
    Series 2013-3
 
 
    Material Modifications, Extensions, and Waivers Loan Detail: Part 2

 

    Interest   Period Life Initial Reset Next Int Reset IO Balloon Maturity
Loan Number Loan Type Rate Margin Cap Cap Date Reset Date Period Period Payment Date
 
        No Modified Loans to Report.          

 

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