Sequoia Mortgage Trust 2013 2

01/08/2025 | Press release | Distributed by Public on 01/08/2025 10:55

Asset Backed Issuer Distribution Report (Form 10 D)


Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
STATEMENT TO NOTEHOLDERS
December 26, 2024
TRANSACTION PARTIES
Depositor: Sequoia Residential Funding, Inc.
Trustee: Christiana Trust
Master Servicer: Wells Fargo Bank, N.A.
Karen Schluter Citibank, Agency and Trust
(212) 816-5827 388 Greenwich Street Trading, 4th Floor
[email protected] New York, NY 10013
TABLE OF CONTENTS
1 . Distribution Summary 2
2 . Summary 2
2.1 . Factors 3
2.2 . Interest Detail 4
2.3 . Interest Shortfall Detail 5
2.4 . Principal Detail 6
3 . Reconciliation Detail 7
4 . Collateral Performance 8
5 . Stratification Detail 9
6 . Collateral Performance - Delinquency and Loan Status History 10
7 . Standard Prepayment and Default Information 11
8 . Additional Reporting 12
9 . Other Information 13
10 . Notes 14
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION SUMMARY
December 26, 2024
Accrual Other Non-Cash
Original Prior Pass-Through Day Interest (As Interest) Principal Total Realized Loss Balance Current
Class Balance Balance Rate Count Distributed Distributed Distributed Distributed /(Recovery) Change Balance
A 619,163,000.00 42,924,462.00 1.874000 % 30/360 67,033.70 - 190,519.69 257,553.39 - - 42,733,942.31
B-1 14,654,000.00 1,386,767.91 3.638775 % 30/360 4,205.11 - 17,074.32 21,279.43 - - 1,369,693.59
B-2 12,657,000.00 1,197,783.66 3.638775 % 30/360 3,632.05 - 14,747.48 18,379.53 - - 1,183,036.18
B-3 6,661,000.00 630,357.66 3.638775 % 30/360 1,911.44 - 7,761.16 9,672.60 - - 622,596.50
B-4 5,662,000.00 535,818.21 3.638775 % 30/360 1,624.77 - 6,597.16 8,221.93 - - 529,221.05
B-5 7,328,404.00 6,653,745.04 3.638775 % 30/360 20,176.24 - - 20,176.24 - - 6,653,745.04
LT-R - - 0.000000 % - - - - - - - -
R - - 0.000000 % - - - - - - - -
Total 666,125,404.00 53,328,934.48 98,583.31 - 236,699.81 335,283.12 - - 53,092,234.67
Notional
A-IO1 619,163,000.00 42,924,462.00 0.626000 % 30/360 22,392.26 - - 22,392.26 - (190,519.69 ) 42,733,942.31
A-IO2 619,163,000.00 42,924,462.00 1.138775 % 30/360 40,734.43 - - 40,734.43 - (190,519.69 ) 42,733,942.31
Total 1,238,326,000.00 85,848,924.00 63,126.69 - - 63,126.69 - (381,039.38 ) 85,467,884.62
Grand Total 1,904,451,404.00 139,177,858.48 161,710.00 - 236,699.81 398,409.81 - (381,039.38 ) 138,560,119.29
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION SUMMARY - FACTORS
December 26, 2024
Other Non-Cash
Record Interest (As Interest) Principal Total Realized Loss Balance Current
Class CUSIP Date Distributed Distributed Distributed Distributed /(Recovery) Change Balance
A 81745 MAA9 11/29/2024 0.10826503 - 0.30770522 0.41597025 - - 69.01888890
B-1 81745 MAD3 11/29/2024 0.28695987 - 1.16516446 1.45212433 - - 93.46892248
B-2 81745 MAE1 11/29/2024 0.28695979 - 1.16516394 1.45212373 - - 93.46892471
B-3 81745 MAF8 11/29/2024 0.28695992 - 1.16516439 1.45212431 - - 93.46892359
B-4 81745 MAG6 11/29/2024 0.28696044 - 1.16516425 1.45212469 - - 93.46892441
B-5 81745 MAH4 11/29/2024 2.75315608 - - 2.75315608 - - 907.93916929
LT-R 81745 MAK7 11/29/2024 - - - - - - -
R 81745 MAJ0 11/29/2024 - - - - - - -
A-IO1 81745 MAB7 11/29/2024 0.03616537 - - 0.03616537 - - 69.01888890
A-IO2 81745 MAC5 11/29/2024 0.06578951 - - 0.06578951 - - 69.01888890
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION INFORMATION - INTEREST DETAIL
December 26, 2024
Rate Interest Shortfall Paid
Accrual Net Non Carry
Class Current Next Dates Accrued Deferred Recovered Forward Accrued Carry Forward Total
A 1.87400 % 1.87400 % 11/01-11/30 67,033.70 - - - 67,033.70 - 67,033.70
B-1 3.63878 % 3.63883 % 11/01-11/30 4,205.11 - - - 4,205.11 - 4,205.11
B-2 3.63878 % 3.63883 % 11/01-11/30 3,632.05 - - - 3,632.05 - 3,632.05
B-3 3.63878 % 3.63883 % 11/01-11/30 1,911.44 - - - 1,911.44 - 1,911.44
B-4 3.63878 % 3.63883 % 11/01-11/30 1,624.77 - - - 1,624.77 - 1,624.77
B-5 3.63878 % 3.63883 % 11/01-11/30 20,176.24 - - - 20,176.24 - 20,176.24
LT-R 0.00000 % 0.00000 % 11/01-11/30 - - - - - - -
R 0.00000 % 0.00000 % 11/01-11/30 - - - - - - -
Total 98,583.31 - - - 98,583.31 - 98,583.31
Notional
A-IO1 0.62600 % 0.62600 % 11/01-11/30 22,392.26 - - - 22,392.26 - 22,392.26
A-IO2 1.13878 % 1.13883 % 11/01-11/30 40,734.43 - - - 40,734.43 - 40,734.43
Total 63,126.69 - - - 63,126.69 - 63,126.69
Grand Total 161,710.00 - - - 161,710.00 - 161,710.00
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION INFORMATION - INTEREST SHORTFALL DETAIL
December 26, 2024
Carry Forward Interest
Non-Recov
Class Shortall Prior Int. on Prior New Paid Outstanding
A - - - - - -
B-1 - - - - - -
B-2 - - - - - -
B-3 - - - - - -
B-4 - - - - - -
B-5 - 263.50 - - - 263.50
LT-R - - - - - -
R - - - - - -
Total - 263.50 - - - 263.50
Notional
A-IO1 - - - - - -
A-IO2 - - - - - -
Total - - - - - -
Grand Total - 263.50 - - - 263.50
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION INFORMATION - PRINCIPAL DETAIL
December 26, 2024
Cumulative
Non-Cash
Prior Scheduled Unscheduled Principal Realized Loss Balance Current Realized
Class Balance Principal Principal Distributed /(Recovery) Change Balance Loss
A 42,924,462.00 168,957.34 21,562.35 190,519.69 - - 42,733,942.31 -
B-1 1,386,767.91 15,141.91 1,932.41 17,074.32 - - 1,369,693.59 -
B-2 1,197,783.66 13,078.42 1,669.06 14,747.48 - - 1,183,036.18 -
B-3 630,357.66 6,882.78 878.38 7,761.16 - - 622,596.50 -
B-4 535,818.21 5,850.52 746.64 6,597.16 - - 529,221.05 -
B-5 6,653,745.04 - - - - - 6,653,745.04 -
LT-R - - - - - - - -
R - - - - - - - -
Total 53,328,934.48 209,910.97 26,788.84 236,699.81 - - 53,092,234.67 -
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
RECONCILIATION DETAIL
December 26, 2024
SOURCE OF FUNDS ALLOCATION OF FUNDS
Interest Funds Available Scheduled Fees
Scheduled Interest 173,442.39 Master Servicing Fee 162.23
Uncompensated PPIS 0.00 Servicing Fee 11,110.15
Relief Act Shortfall 0.00 Trustee Fee 37.82
Losses in Excess of Principal Balance 0.00 Securities Administrator Fee 422.19
Stop Advance Interest 0.00
Total Scheduled Fees 11,732.39
Other Interest Reductions 0.00
Additional Fees, Expenses, etc.
Total Interest Funds Available 173,442.39 Trust Fund Expenses 0.00
Principal Funds Available Other Expenses 0.00
Scheduled Principal 209,910.96
Total Additional Fees, Expenses, etc. -
Curtailments 26,788.85
Distributions
Prepayments in Full 0.00
Interest Distribution 161,710.00
Liquidation Principal 0.00
Principal Distribution 236,699.81
Repurchased Principal 0.00
Other Principal 0.00 Total Distributions 398,409.81
Substitution Principal 0.00
Principal Losses and Forgiveness 0.00
Subsequent Recoveries / (Losses) 0.00
Total Principal Funds Available 236,699.81
Total Funds Available 410,142.20 Total Funds Allocated 410,142.20
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
COLLATERAL PERFORMANCE - POOL AND COLLECTIONS SUMMARY
December 26, 2024
Deal Initial Beginning Ending Initial Beginning Ending
Count 777 102 102 Remaining Term 357 214 213
Scheduled 666,125,404.69 53,328,934.58 53,092,234.77 Gross Rate 3.94653 % 3.90278 % 3.90283 %
Actual 666,125,404.69 53,585,527.19 53,349,974.01 Net Rate 3.68253 % 3.63878 % 3.63883 %
Interest Bearing 666,125,404.69 53,328,934.58 53,092,234.77
Principal Collections Realized Losses Interest Collections
Scheduled Principal 209,910.96 Principal Losses and Scheduled Interest 173,442.39
-
Forgiveness
Curtailments 26,788.85 Less: -
Losses in Excess of Principal
Curtailments Adjustments - - Master Servicing Fee 162.23
Balance
Prepayments in Full - Subsequent (Recoveries) / Servicing Fee 11,110.15
-
Losses
Liquidation Principal - Trustee Fee 37.82
Cumulative Realized Losses -
Repurchased Principal - Securities Administrator Fee 422.19
Other Principal - Uncompensated PPIS -
Substitution Principal - Relief Act Shortfall -
Principal Losses and Forgiveness - Other Expenses -
Subsequent Recoveries / (Losses) - Losses in Excess of Principal Balance -
Stop Advance Interest -
Other Interest Reductions -
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
STRATIFICATION DETAIL
December 26, 2024
Loan Rate
Asset Ending Scheduled % of
Loan Rate Range Count Balance Agg.Bal. WAC WAM
3.00 or Less 0 0.00 0.00 0.0000 0
3.01 to 3.50 10 4,486,445.98 8.45 3.4370 208
3.51 to 4.00 61 34,375,121.97 64.75 3.8339 213
4.01 to 4.50 27 12,971,936.40 24.43 4.1773 211
4.51 to 5.00 4 1,258,730.42 2.37 4.6185 211
5.01 to 5.50 0 0.00 0.00 0.0000 0
5.51 to 6.00 0 0.00 0.00 0.0000 0
6.01 to 6.50 0 0.00 0.00 0.0000 0
6.51 to 7.00 0 0.00 0.00 0.0000 0
7.01 to 7.50 0 0.00 0.00 0.0000 0
7.51 to 8.00 0 0.00 0.00 0.0000 0
8.01 or Greater 0 0.00 0.00 0.0000 0
Total 102 53,092,234.77 100.00 3.9028 212
Ending Schedule Balance
Ending Schedule Balance Asset Ending Scheduled % of
Range Count Balance Agg.Bal. WAC WAM
1 to 200,000 16 2,354,314.90 4.43 4.0260 177
200,001 to 400,000 17 5,233,277.39 9.86 3.9855 214
400,001 to 600,000 32 15,384,325.36 28.98 3.9093 214
600,001 to 800,000 22 15,559,682.76 29.31 3.9182 214
800,001 to 1,000,000 11 9,624,807.48 18.13 3.8298 214
1,000,001 to 1,200,000 1 1,061,709.84 2.00 3.8000 215
1,200,001 to 1,400,000 3 3,874,117.04 7.30 3.8382 212
1,400,001 to 1,600,000 0 0.00 0.00 0.0000 0
1,600,001 to 1,800,000 0 0.00 0.00 0.0000 0
1,800,001 to 2,000,000 0 0.00 0.00 0.0000 0
2,000,001 or Greater 0 0.00 0.00 0.0000 0
Total 102 53,092,234.77 100.00 3.9028 212
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
COLLATERAL PERFORMANCE - DELINQUENCY AND LOAN STATUS HISTORY
December 26, 2024
Delinquent
(Does not include loans in Bankruptcy, Foreclosure, or REO)
30 Day 60 Day 90 Day 120 Day 150 Day 180 + Day Bankruptcy Foreclosure REO
Distribution
Date Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance
0 0 0 0 0 0 0 0 0 0 0 0 1 793,951 0 0 0 0
12/26/2024
0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 1.0 % 1.5 % 0.0 % 0.0 % 0.0 % 0.0 %
0 0 0 0 0 0 0 0 0 0 0 0 1 796,343 0 0 0 0
11/25/2024
0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 1.0 % 1.5 % 0.0 % 0.0 % 0.0 % 0.0 %
0 0 0 0 0 0 0 0 0 0 0 0 1 798,726 0 0 0 0
10/25/2024
0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 1.0 % 1.5 % 0.0 % 0.0 % 0.0 % 0.0 %
0 0 0 0 0 0 0 0 0 0 0 0 1 801,099 0 0 0 0
09/25/2024
0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 1.0 % 1.5 % 0.0 % 0.0 % 0.0 % 0.0 %
1 480,626 0 0 0 0 0 0 0 0 0 0 1 803,463 0 0 0 0
08/26/2024
1.0 % 0.9 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 1.0 % 1.5 % 0.0 % 0.0 % 0.0 % 0.0 %
0 0 0 0 0 0 0 0 0 0 0 0 1 805,819 0 0 0 0
07/25/2024
0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 1.0 % 1.5 % 0.0 % 0.0 % 0.0 % 0.0 %
0 0 0 0 0 0 0 0 0 0 0 0 1 808,165 0 0 0 0
06/25/2024
0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 1.0 % 1.5 % 0.0 % 0.0 % 0.0 % 0.0 %
0 0 0 0 0 0 0 0 0 0 0 0 1 810,502 0 0 0 0
05/28/2024
0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.9 % 1.4 % 0.0 % 0.0 % 0.0 % 0.0 %
1 472,726 0 0 0 0 0 0 0 0 0 0 1 812,831 0 0 0 0
04/25/2024
0.9 % 0.8 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.9 % 1.4 % 0.0 % 0.0 % 0.0 % 0.0 %
1 474,137 0 0 0 0 0 0 0 0 0 0 1 815,150 0 0 0 0
03/25/2024
0.9 % 0.8 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.9 % 1.4 % 0.0 % 0.0 % 0.0 % 0.0 %
0 0 0 0 0 0 0 0 1 817,461 0 0 0 0 0 0 0 0
02/26/2024
0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.9 % 1.4 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 %
1 476,943 0 0 0 0 1 819,763 0 0 0 0 0 0 0 0 0 0
01/25/2024
0.9 % 0.8 % 0.0 % 0.0 % 0.0 % 0.0 % 0.9 % 1.4 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 %
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
STANDARD PREPAYMENT AND DEFAULT INFORMATION
December 26, 2024
Wtd. Avg. Current
Payment Age Collateral Scheduled Unscheduled Liquidation
Date (Months) Balance Principal Principal Principal SMM CPR PSA MDR CDR SDA
26-Dec-2024 145.86 53,092,234.77 209,910.96 26,788.85 - 0.050 % 0.604 % 10 % 0.000 % 0.000 % 0 %
25-Nov-2024 144.86 53,328,934.58 212,215.73 165,244.07 - 0.309 % 3.644 % 61 % 0.000 % 0.000 % 0 %
25-Oct-2024 143.86 53,706,394.38 211,455.84 23,016.47 - 0.043 % 0.513 % 9 % 0.000 % 0.000 % 0 %
25-Sep-2024 142.83 53,940,866.69 212,903.77 724,816.46 - 1.326 % 14.800 % 247 % 0.000 % 0.000 % 0 %
26-Aug-2024 141.83 54,878,586.92 214,133.75 27,997.59 - 0.051 % 0.610 % 10 % 0.000 % 0.000 % 0 %
25-Jul-2024 140.83 55,120,718.26 213,365.87 23,738.56 - 0.043 % 0.515 % 9 % 0.000 % 0.000 % 0 %
25-Jun-2024 139.83 55,357,822.69 219,550.53 1,831,415.19 - 3.202 % 32.333 % 539 % 0.000 % 0.000 % 0 %
28-May-2024 138.83 57,408,788.41 220,883.49 27,985.22 - 0.049 % 0.583 % 10 % 0.000 % 0.000 % 0 %
25-Apr-2024 137.81 57,657,657.12 221,715.03 711,528.84 - 1.219 % 13.686 % 228 % 0.000 % 0.000 % 0 %
25-Mar-2024 136.78 58,590,900.99 224,351.49 1,147,521.14 - 1.921 % 20.765 % 346 % 0.000 % 0.000 % 0 %
26-Feb-2024 135.78 59,962,773.62 223,541.86 26,071.33 - 0.043 % 0.520 % 9 % 0.000 % 0.000 % 0 %
25-Jan-2024 134.78 60,212,386.81 222,739.68 24,433.79 - 0.041 % 0.486 % 8 % 0.000 % 0.000 % 0 %
26-Dec-2023 133.78 60,459,560.28 221,932.30 27,022.73 - 0.045 % 0.535 % 9 % 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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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
ADDITIONAL REPORTING
December 26, 2024
Amount Remaining Funds
398,409.81
Waterfall Detail
Available Distribution Amount
Senior Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -130,160.39 268,249.42
Senior Certificates, the Senior Principal Distribution Amount -190,519.69 77,729.73
Class B-1 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -4,205.11 73,524.62
Class B-1 Certificates, the Subordinate Principal Distribution Amount -17,074.32 56,450.30
Class B-2 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -3,632.05 52,818.25
Class B-2 Certificates, the Subordinate Principal Distribution Amount -14,747.48 38,070.77
Class B-3 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -1,911.44 36,159.33
Class B-3 Certificates, the Subordinate Principal Distribution Amount -7,761.16 28,398.17
Class B-4 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -1,624.77 26,773.40
Class B-4 Certificates, the Subordinate Principal Distribution Amount -6,597.16 20,176.24
Class B-5 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -20,176.24 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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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
OTHER INFORMATION
December 26, 2024
Principal Percentages
Senior Percentage 80.490005 %
Subordinate Percentage 19.509995 %
Senior Prepayment Percentage 80.490005 %
Subordinate Prepayment Percentage 19.509995 %
Other Information
Step-Down Test satisfied? Y
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
NOTES
No Notes available for this deal at this time.
December 26, 2024
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