Sequoia Mortgage Trust 2013 2

11/06/2024 | Press release | Distributed by Public on 11/06/2024 09:21

Asset Backed Issuer Distribution Report Form 10 D


Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
STATEMENT TO NOTEHOLDERS
October 25, 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
1.1 . Summary 2
1.2 . Factors 3
1.3 . Interest Detail 4
1.4 . Interest Shortfall Detail 5
1.5 . Principal Detail 6
2 . Reconciliation Detail 7
3 . Collateral Performance 8
4 . Stratification Detail 9
5 . Collateral Performance - Delinquency and Loan Status History 10
6 . Standard Prepayment and Default Information 11
7 . Additional Reporting 12
8 . Other Information 13
9 . Notes 14
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION SUMMARY
October 25, 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 43,417,006.18 1.874000 % 30/360 67,802.89 - 188,726.77 256,529.66 - - 43,228,279.41
B-1 14,654,000.00 1,430,909.58 3.638590 % 30/360 4,338.74 - 16,913.64 21,252.38 - - 1,413,995.94
B-2 12,657,000.00 1,235,909.84 3.638590 % 30/360 3,747.47 - 14,608.70 18,356.17 - - 1,221,301.14
B-3 6,661,000.00 650,422.32 3.638590 % 30/360 1,972.18 - 7,688.12 9,660.30 - - 642,734.20
B-4 5,662,000.00 552,873.63 3.638590 % 30/360 1,676.40 - 6,535.08 8,211.48 - - 546,338.55
B-5 7,328,404.00 6,653,745.04 3.638590 % 30/360 20,175.23 - - 20,175.23 - - 6,653,745.04
LT-R - - 0.000000 % - - - - - - - -
R - - 0.000000 % - - - - - - - -
Total 666,125,404.00 53,940,866.59 99,712.91 - 234,472.31 334,185.22 - - 53,706,394.28
Notional
A-IO1 619,163,000.00 43,417,006.18 0.626000 % 30/360 22,649.20 - - 22,649.20 - (188,726.77 ) 43,228,279.41
A-IO2 619,163,000.00 43,417,006.18 1.138590 % 30/360 41,195.16 - - 41,195.16 - (188,726.77 ) 43,228,279.41
Total 1,238,326,000.00 86,834,012.36 63,844.36 - - 63,844.36 - (377,453.54 ) 86,456,558.82
Grand Total 1,904,451,404.00 140,774,878.95 163,557.27 - 234,472.31 398,029.58 - (377,453.54 ) 140,162,953.10
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION SUMMARY - FACTORS
October 25, 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 09/30/2024 0.10950733 - 0.30480951 0.41431684 - - 69.81728464
B-1 81745 MAD3 09/30/2024 0.29607889 - 1.15419954 1.45027842 - - 96.49214822
B-2 81745 MAE1 09/30/2024 0.29607885 - 1.15419926 1.45027811 - - 96.49214980
B-3 81745 MAF8 09/30/2024 0.29607867 - 1.15419907 1.45027774 - - 96.49214833
B-4 81745 MAG6 09/30/2024 0.29607912 - 1.15419993 1.45027905 - - 96.49214942
B-5 81745 MAH4 09/30/2024 2.75301826 - - 2.75301826 - - 907.93916929
LT-R 81745 MAK7 09/30/2024 - - - - - - -
R 81745 MAJ0 09/30/2024 - - - - - - -
A-IO1 81745 MAB7 09/30/2024 0.03658035 - - 0.03658035 - - 69.81728464
A-IO2 81745 MAC5 09/30/2024 0.06653363 - - 0.06653363 - - 69.81728464
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION INFORMATION - INTEREST DETAIL
October 25, 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 % 09/01-09/30 67,802.89 - - - 67,802.89 - 67,802.89
B-1 3.63859 % 3.63865 % 09/01-09/30 4,338.74 - - - 4,338.74 - 4,338.74
B-2 3.63859 % 3.63865 % 09/01-09/30 3,747.47 - - - 3,747.47 - 3,747.47
B-3 3.63859 % 3.63865 % 09/01-09/30 1,972.18 - - - 1,972.18 - 1,972.18
B-4 3.63859 % 3.63865 % 09/01-09/30 1,676.40 - - - 1,676.40 - 1,676.40
B-5 3.63859 % 3.63865 % 09/01-09/30 20,175.23 - - - 20,175.23 - 20,175.23
LT-R 0.00000 % 0.00000 % 09/01-09/30 - - - - - - -
R 0.00000 % 0.00000 % 09/01-09/30 - - - - - - -
Total 99,712.91 - - - 99,712.91 - 99,712.91
Notional
A-IO1 0.62600 % 0.62600 % 09/01-09/30 22,649.20 - - - 22,649.20 - 22,649.20
A-IO2 1.13859 % 1.13865 % 09/01-09/30 41,195.16 - - - 41,195.16 - 41,195.16
Total 63,844.36 - - - 63,844.36 - 63,844.36
Grand Total 163,557.27 - - - 163,557.27 - 163,557.27
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
DISTRIBUTION INFORMATION - INTEREST SHORTFALL DETAIL
October 25, 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
October 25, 2024
Cumulative
Non-Cash
Prior Scheduled Unscheduled Principal Realized Loss Balance Current Realized
Class Balance Principal Principal Distributed /(Recovery) Change Balance Loss
A 43,417,006.18 170,200.82 18,525.95 188,726.77 - - 43,228,279.41 -
B-1 1,430,909.58 15,253.34 1,660.30 16,913.64 - - 1,413,995.94 -
B-2 1,235,909.84 13,174.67 1,434.03 14,608.70 - - 1,221,301.14 -
B-3 650,422.32 6,933.43 754.69 7,688.12 - - 642,734.20 -
B-4 552,873.63 5,893.57 641.51 6,535.08 - - 546,338.55 -
B-5 6,653,745.04 - - - - - 6,653,745.04 -
LT-R - - - - - - - -
R - - - - - - - -
Total 53,940,866.59 211,455.83 23,016.48 234,472.31 - - 53,706,394.28 -
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
RECONCILIATION DETAIL
October 25, 2024
SOURCE OF FUNDS ALLOCATION OF FUNDS
Interest Funds Available Scheduled Fees
Scheduled Interest 175,424.29 Master Servicing Fee 164.10
Uncompensated PPIS 0.00 Servicing Fee 11,237.67
Relief Act Shortfall 0.00 Trustee Fee 38.22
Losses in Excess of Principal Balance 0.00 Securities Administrator Fee 427.03
Stop Advance Interest 0.00
Total Scheduled Fees 11,867.02
Other Interest Reductions 0.00
Additional Fees, Expenses, etc.
Total Interest Funds Available 175,424.29 Trust Fund Expenses 0.00
Principal Funds Available Other Expenses 0.00
Scheduled Principal 211,455.84
Total Additional Fees, Expenses, etc. -
Curtailments 23,016.47
Distributions
Prepayments in Full 0.00
Interest Distribution 163,557.27
Liquidation Principal 0.00
Principal Distribution 234,472.31
Repurchased Principal 0.00
Other Principal 0.00 Total Distributions 398,029.58
Substitution Principal 0.00
Principal Losses and Forgiveness 0.00
Subsequent Recoveries / (Losses) 0.00
Total Principal Funds Available 234,472.31
Total Funds Available 409,896.60 Total Funds Allocated 409,896.60
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
COLLATERAL PERFORMANCE - POOL AND COLLECTIONS SUMMARY
October 25, 2024
Deal Initial Beginning Ending Initial Beginning Ending
Count 777 103 103 Remaining Term 357 216 215
Scheduled 666,125,404.69 53,940,866.69 53,706,394.38 Gross Rate 3.94653 % 3.90259 % 3.90265 %
Actual 666,125,404.69 54,181,235.54 53,954,556.76 Net Rate 3.68253 % 3.63859 % 3.63865 %
Interest Bearing 666,125,404.69 53,940,866.69 53,706,394.38
Principal Collections Realized Losses Interest Collections
Scheduled Principal 211,455.84 Principal Losses and Scheduled Interest 175,424.29
-
Forgiveness
Curtailments 23,016.47 Less: -
Losses in Excess of Principal
Curtailments Adjustments - - Master Servicing Fee 164.10
Balance
Prepayments in Full - Subsequent (Recoveries) / Servicing Fee 11,237.67
-
Losses
Liquidation Principal - Trustee Fee 38.22
Cumulative Realized Losses -
Repurchased Principal - Securities Administrator Fee 427.03
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
October 25, 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 4,528,738.28 8.43 3.4369 209
3.51 to 4.00 62 34,835,976.26 64.86 3.8341 215
4.01 to 4.50 27 13,075,276.49 24.35 4.1772 213
4.51 to 5.00 4 1,266,403.35 2.36 4.6185 213
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 103 53,706,394.38 100.00 3.9027 214
Ending Schedule Balance
Ending Schedule Balance Asset Ending Scheduled % of
Range Count Balance Agg.Bal. WAC WAM
1 to 200,000 17 2,569,837.90 4.78 4.0135 180
200,001 to 400,000 16 4,892,215.12 9.11 4.0052 216
400,001 to 600,000 33 15,896,912.27 29.60 3.9052 216
600,001 to 800,000 21 14,868,125.46 27.68 3.9191 216
800,001 to 1,000,000 12 10,509,812.55 19.57 3.8350 216
1,000,001 to 1,200,000 1 1,069,943.86 1.99 3.8000 217
1,200,001 to 1,400,000 3 3,899,547.22 7.26 3.8382 214
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 103 53,706,394.38 100.00 3.9027 214
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Sequoia Mortgage Trust
Mortgage Pass-Through Certificates, Series 2013-2
COLLATERAL PERFORMANCE - DELINQUENCY AND LOAN STATUS HISTORY
October 25, 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 1 798,726 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 %
1 478,338 0 0 1 822,056 0 0 0 0 0 0 0 0 0 0 0 0
12/26/2023
0.9 % 0.8 % 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 % 0.0 % 0.0 %
0 0 1 824,161 0 0 0 0 0 0 0 0 0 0 0 0 0 0
11/27/2023
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 % 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
October 25, 2024
Wtd. Avg. Current
Payment Age Collateral Scheduled Unscheduled Liquidation
Date (Months) Balance Principal Principal Principal SMM CPR PSA MDR CDR SDA
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 %
27-Nov-2023 132.78 60,708,515.31 221,133.33 25,242.34 - 0.042 % 0.498 % 8 % 0.000 % 0.000 % 0 %
25-Oct-2023 131.78 60,954,890.98 220,339.14 24,499.57 - 0.040 % 0.481 % 8 % 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
October 25, 2024
Amount Remaining Funds
398,029.58
Waterfall Detail
Available Distribution Amount
Senior Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -131,647.25 266,382.33
Senior Certificates, the Senior Principal Distribution Amount -188,726.77 77,655.56
Class B-1 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -4,338.74 73,316.82
Class B-1 Certificates, the Subordinate Principal Distribution Amount -16,913.64 56,403.18
Class B-2 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -3,747.47 52,655.71
Class B-2 Certificates, the Subordinate Principal Distribution Amount -14,608.70 38,047.01
Class B-3 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -1,972.18 36,074.83
Class B-3 Certificates, the Subordinate Principal Distribution Amount -7,688.12 28,386.71
Class B-4 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -1,676.40 26,710.31
Class B-4 Certificates, the Subordinate Principal Distribution Amount -6,535.08 20,175.23
Class B-5 Certificates, the Interest Distribution Amount and unpaid Interest Shortfalls -20,175.23 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
October 25, 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.
October 25, 2024
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