EXHIBIT 10.1

The Bank of New York
Corporate Trust and Agency Services
5 Penn Plaza, 16th Floor
New York, NY 10001
Patricia O’Neil Manella
(212) 328-7574

Distribution Date: December 1, 2003

SEQUOIA MORTGAGE FUNDING CORPORATION
Collateralized MBS Funding Bonds, Series 2002-A

Certificate Monthly Distribution Summary

                                                                               
  Beginning   Pass   Interest   Principal   Total   Realized   Ending Cert Class
  CUSIP   Cert Balance   Through   Distribution   Distribution   Distribution  
Losses   Balance

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A-1
  81743UAA3     30,832,206.96       1.720000 %     44,192.83       1,275,027.72
      1,319,220.55       0.00       29,557,179.24  
A-2
  81743UAB1     10,270,238.54       1.870000 %     16,004.46       282,853.68  
    298,858.14       0.00       9,987,384.86  
 
           

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Total
            41,102,445.50               60,197.29       1,557,881.40      
1,618,078.69       0.00       39,544,564.10  
 
           

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Current Payment Information
Factors per $1.00

                                                                         
Original Cert   Beginning   Interest   Principal   Ending   Current Pass Class  
CUSIP   Balance   Factor   Factor   Factor   Factor   Through

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A-1
  81743UAA3     64,761,000.00       476.092199888       0.682398820      
19.688203098       456.403996790       1.720000 %
A-2
  81743UAB1     15,861,000.00       647.515197265       1.009044516      
17.833281762       629.681915503       1.870000 %
 
           

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Total
            80,622,000.00       509.816743578       0.746660775      
19.323279041       490.493464537          
 
           

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Underlying Certificates Monthly Distribution – Group I

                                                      Original   Beginning  
Pass   Interest Series   Class   Balance   Balance   Through   Distribution

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CWMBS 94K
    A1       123,119,000.00       267,068.75       3.736507 %     831.59  
DLJMA 93-Q18
    1A1       51,833,000.00       0.00       0.000000 %     0.00  
DLJMA 94-2A
    1A1       85,787,000.00       446,706.25       5.108967 %     1,901.84  
ONE 00-2
    2A       152,653,000.00       5,279,534.71       4.048466 %     17,811.68  
RYMS3 92-B
    1A2       7,712,906.00       0.00       0.000000 %     0.00  
SBM7 94-2
    A1       49,384,000.00       1,062,364.15       5.742286 %     5,083.67  
SMS 91-K
    A1       110,588,063.00       0.00       0.000000 %     0.00  
SMS 91-K
    A3       1,917,885.00       0.00       0.000000 %     0.00  
EAGLE 98-1
    M1       46,029,000.00       15,460,305.95       2.120000 %     26,402.76  
INMC 94-R
    M2       4,620,000.00       1,962,657.06       4.050008 %     6,623.98  
INMC 94-V
    B1       3,618,000.00       1,094,487.93       3.766101 %     3,434.96  
INMC 94-X
    B1       2,769,000.00       908,228.06       4.185403 %     3,167.75  
INMC 95-C
    B1       12,828,797.00       3,398,247.77       4.351004 %     12,321.49  
INMC 95-T
    A2       65,695,250.00       1,607,104.92       3.619649 %     4,847.63  
 
           

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Total
            718,554,901.00       31,486,705.56               82,427.35  
 
           

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[Additional columns below]

[Continued from above table, first column(s) repeated]

                                              Principal   Total   Realized  
Interest   Ending Series   Distribution   Distribution   Losses   Shortfall  
Balance

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CWMBS 94K
    82,323.45       83,155.04       0.00       0.00       184,745.29  
DLJMA 93-Q18
    0.00       0.00       0.00       0.00       0.00  
DLJMA 94-2A
    33,349.40       35,251.24       0.00       0.00       413,356.85  
ONE 00-2
    200,381.69       218,193.38       0.00       0.00       5,079,153.02  
RYMS3 92-B
    0.00       0.00       0.00       0.00       0.00  
SBM7 94-2
    36,857.29       41,940.96       0.00       0.00       1,025,506.86  
SMS 91-K
    0.00       0.00       0.00       0.00       0.00  
SMS 91-K
    0.00       0.00       0.00       0.00       0.00  
EAGLE 98-1
    681,291.72       707,694.48       0.00       0.00       14,779,014.23  
INMC 94-R
    131,956.56       138,580.54       0.00       0.00       1,830,700.50  
INMC 94-V
    54,432.89       57,867.85       0.00       0.00       1,040,055.04  
INMC 94-X
    4,042.86       7,210.61       0.00       0.00       904,185.20  
INMC 95-C
    48,335.07       60,656.56       0.00       0.00       3,349,912.70  
INMC 95-T
    2,056.78       6,904.41       0.00       0.00       1,605,048.14  
 
   

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Total
    1,275,027.72       1,357,455.07       0.00       0.00       30,211,677.83  
 
   

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Underlying Certificates Monthly Distribution – Group II

                                                                  Original  
Beginning   Pass   Interest   Principal Series   Class   Balance   Balance  
Through   Distribution   Distribution

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GRCAP 94-HM4
    A1       245,813.00       380,755.93       3.831985 %     1,215.88      
1,205.03  
INMC 95-E
    B1       4,608,492.00       2,320,786.72       4.491794 %     8,687.08      
59,953.30  
PMLT 99-A
    M1       2,914,000.00       1,772,631.13       2.146003 %     3,170.06      
49,515.07  
RTC 95-2
    A3       119,696,000.00       5,957,218.73       3.170348 %     15,738.72  
    172,180.29  
 
           

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Total
            373,031,492.00       10,431,392.51               28,811.73      
282,853.68  
 
           

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[Additional columns below]

[Continued from above table, first column(s) repeated]

                                          Total   Realized   Interest   Ending
Series   Distribution   Losses   Shortfall   Balance

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GRCAP 94-HM4
    2,420.90       0.00       0.00       379,550.90  
INMC 95-E
    68,640.38       0.00       0.00       2,260,833.42  
PMLT 99-A
    52,685.13       0.00       0.00       1,723,116.06  
RTC 95-2
    187,919.00       0.00       0.00       5,785,038.44  
 
   

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Total
    311,655.41       0.00       0.00       10,148,538.82  
 
   

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Underlying Pool Delinquent Information by Group

                                                  Loans                        
              Outstanding           Delinquent 30-59 Days           Delinquent
0-89 Days Series   Balance   No.   Balance   No.   Balance

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CWMBS 94K
    7,725,663.91       2       242,161.13       1       179,572.28  
DLJMA 93-Q18(1)
    0.00       0       0.00       0       0.00  
DLJMA 94-2A(1)
    725,752.55       0       0.00       0       0.00  
ONE 00-2(2)
    214,013,025.34       54       5,469,354.00       9       1,109,000.00  
RYMS3 92-B(2)
    0.00       0       0.00       0       0.00  
SBM7 94-2(2)
    3,750,734.49       1       115,903.46       0       0.00  
SMS 91-K
    0.00       0       0.00       0       0.00  
EAGLE 98-1
    26,179,079.00       8       697,330.09       3       701,493.83  
INMC 94-R
    6,029,368.13       0       0.00       0       0.00  
INMC 94-V
    4,942,921.66       0       0.00       0       0.00  
INMC 94-X
    4,277,758.20       1       94,558.40       1       92,610.85  
INMC 95-C
    6,684,461.53       2       198,660.14       1       251,201.91  
INMC 95-T(2)
    5,877,392.89       2       444,785.94       1       192,585.13  
 
   

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Total
    280,206,157.70       70       7,262,753.16       16       2,526,513.00  
 
   

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[Additional columns below]

[Continued from above table, first column(s) repeated]

                                                                         
Delinquent 90+ Days           Foreclosure           REO   Realized Losses Series
  No.   Balance   No.   Balance   No.   Balance   Curr. Amount

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CWMBS 94K
    0       0.00       1       234,816.31       0       0.00       0.00  
DLJMA 93-Q18(1)
    0       0.00       0       0.00       0       0.00       0.00  
DLJMA 94-2A(1)
    0       0.00       0       0.00       0       0.00       0.00  
ONE 00-2(2)
    15       2,248,826.00       17       1,835,775.00       5       281,765.00  
    883,654.00  
RYMS3 92-B(2)
    0       0.00       0       0.00       0       0.00       0.00  
SBM7 94-2(2)
    0       0.00       0       0.00       0       0.00       0.00  
SMS 91-K
    0       0.00       0       0.00       0       0.00       0.00  
EAGLE 98-1
    17       2,155,359.75       14       1,180,347.67       11      
1,796,403.60       241,695.21  
INMC 94-R
    0       0.00       3       1,388,496.12       0       0.00       0.00  
INMC 94-V
    0       0.00       0       0.00       0       0.00       0.00  
INMC 94-X
    2       182,608.83       1       137,721.63       0       0.00       0.00  
INMC 95-C
    0       0.00       3       332,898.74       0       0.00       0.00  
INMC 95-T(2)
    1       79,327.03       0       0.00       0       0.00       0.00  
 
   

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Total
    35       4,666,121.61       39       5,110,055.47       16      
2,078,168.60       1,125,349.21  
 
   

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                                                              Loans Outstanding
          Delinquent 30-59 Days           Delinquent 60-89 Days Series   Balance
  No.   Balance   No.   Balance

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GRCAP 94-HM4
    5,271,025.55       0       0.00       0       0.00  
INMC 95-E
    11,187,474.12       4       475,107.33       1       83,407.14  
PMLT 99-A
    27,267,084.37       25       1,613,636.72       10       637,081.62  
RTC 95-2(1)
    17,882,093.28       5       222,002.75       1       110,974.58  
 
   

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Total
    61,607,677.32       33       2,310,746.80       12       831,463.34  
 
   

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Total All
    341,813,835.02       103       9,573,499.96       28       3,357,976.34  
 
   

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[Additional columns below]

[Continued from above table, first column(s) repeated]

                                                                               
      Delinquent 90+ Days           Foreclosure           REO   Realized Losses
Series   No.   Balance   No.   Balance   No.   Balance   Curr. Amount

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GRCAP 94-HM4
    0       0.00       0       0.00       0       0.00       0.00  
INMC 95-E
    0       0.00       1       79,138.83       0       0.00       22.83  
PMLT 99-A
    9       711,784.56       18       1,424,568.14       6       231,330.35    
  0.00  
RTC 95-2(1)
    4       329,727.47       3       221,673.74       0       0.00       0.00  
 
   

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Total
    13       1,041,512.03       22       1,725,380.71       6       231,330.35  
    22.83  
 
   

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Total All
    48       5,707,633.64       61       6,835,436.18       22      
2,309,498.95       1,125,372.04  
 
   

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(1)   Information shown for the Underlying Mortgage Loans for this Pooled
Security is based on the Underlying Mortgage Loan group related to such Pooled
Security only.   (2)   Information shown for the Underlying Mortgage Loans for
this Pooled Security is based on all the Underlying Mortgage Loan groups in the
related series.

 

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Certificate Account Information

                                                                               
  Withdrawals                                 Group   Beginning Balance   Funds
Deposited   Trustee Fee   Management Fee   Available Funds   Funds Distributed  
Ending Balance

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I
    0.00       1,357,455.07       787.17       0.00       1,356,667.90      
1,319,220.55       37,447.35    
II
    0.00       311,665.41       260.78       0.00       311,404.63      
298,858.14       12,546.49    
 
   

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Total
    0.00       1,669,120.48       1,047.95       0.00       1,668,072.53      
1,618,078.69       49,993.84    
 
   

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                                  Additional Reporting Items   Pool I   Pool II
  Total

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2.15(a)
  Available Interest
    82,427.35       28,811.73       111,239.08  
 
  Available Principal
    1,275,027.72       282,853.68       1,557,881.40  
2.15(b)
  Monthly Interest Amt.
  see p. 1
               
2.15(c)
  Carryforward Interest
    0.00       0.00       0.00  
2.15(d)
  Principal Paid
  see p. 1
               
2.15(e)
  Class Print Amts.
  see p. 1
               
2.15(f)
  Beginning Actual OC
    2.0787 %     1.5449 %        
 
  Ending Actual OC
    2.1664 %     1.5880 %        
2.15(g)
  2nd preceding pool bal
    280,206,157.70       61,607,677.32       341,813,835.02  
2.15(h)
  Required OC
    2.7000 %     2.0000 %        
2.15(i)
  Has Step-up Occurred?
  No     No          
2.15(k)
  Monies Deposited to Reserve Fund
    0.00       0.00       0.00  
2.15(l)
  Amts. Dist. to Investor Certificateholders
    37,447.35       12,546.49       49,993.84  

Note: Management Fee is to be paid on an annual basis. This month’s Fee together
with last month’s annualized amount equals the full annual Fee.