##### Table of Contents



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UNITED STATES SECURITIES AND
EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-K/A

|    |  |                                                                                     
|--- |  | ------------------------------------------------------------------------------------
|[X] |  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the fiscal year ended: December 31, 2002 OR

|      |  |                                                                                
|----- |  | -------------------------------------------------------------------------------
|[   ] |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT
OF 1934

For the transition period from
         to         .

Commission File Number: 333-90772

SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor under the Trust Agreement, dated September 1, 2002, providing for the issuance of the Sequoia Mortgage Trust 10, Mortgage Pass-Through Certificates)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of registrant as specified in its charter)


| |  |                                                                |  |                                     
| |  | -------------------------------------------------------------- |  | ------------------------------------
| |  | Delaware                                                       |  | 35-2170972                          
| |  | (State or other jurisdiction of incorporation or organization) |  | (I.R.S. employer identification no.)
| |  |                                                                |  |                                     
| |  | 591 Redwood Highway                                            |  |                                     
| |  | Suite 3160                                                     |  |                                     
| |  | Mill Valley, CA                                                |  | 94941                               
| |  | (Address of principal executive offices)                       |  | (Zip code)                          

(415) 381-1765
(Registrants telephone number, including area code)

|                                                            |  |                                                            
|----------------------------------------------------------- |  | -----------------------------------------------------------
|Securities registered pursuant to Section 12(b) of the Act: |  | Securities registered pursuant to Section 12(g) of the Act:
|                                                            |  |                                                            
|None                                                        |  | None                                                       
|(Title of class)                                            |  | (Title of class)                                           

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 [   ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrants knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. [X]

Indicate by check mark whether the Registrant is an accelerated filer (as
defined in Exchange Act Rule 12b-2). Yes [   ] No [X]

State the aggregate market value of the voting stock held by non-affiliates of
Registrant. The aggregate market value shall be computed by reference to the
price at which the stock was sold, or the average bid and asked prices of such
stock, as of the last business day of the Registrant's most recently completed second fiscal quarter:

Not Applicable

Documents incorporated by reference:

Not Applicable





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TABLE OF CONTENTS



|                  |                                                                                                |  |  |  |  |  |  | 
|----------------- | ---------------------------------------------------------------------------------------------- |  |  |  |  |  |  | 
|PART I           
|                  | ITEM 1 - BUSINESS                                                                             
|                  | ITEM 2 - PROPERTIES                                                                           
|                  | ITEM 3 - LEGAL PROCEEDINGS                                                                    
|                  | ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                  
|PART II          
|                  | ITEM 5 - MARKET FOR REGISTRANTS COMMON STOCK AND RELATED STOCKHOLDER MATTERS                 
|                  | ITEM 6 - SELECTED FINANCIAL DATA                                                              
|                  | ITEM 7 - MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|                  | ITEM 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                          
|                  | ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION                                   
|                  | ITEM 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 
|PART III         
|                  | ITEM 10 - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT                                  
|                  | ITEM 11 - EXECUTIVE COMPENSATION                                                              
|                  | ITEM 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                      
|                  | ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS                                      
|PART IV          
|                  | ITEM 14 - CONTROLS AND PROCEDURES                                                             
|                  | ITEM 15 - PRINCIPAL ACCOUNTANT FEES AND SERVICES                                              
|                  | ITEM 16 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K                     
|SIGNATURES       
|CERTIFICATION    
|INDEX TO EXHIBITS



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##### Table of Contents



SEQUOIA RESIDENTIAL FUNDING, INC.
SEQUOIA MORTGAGE TRUST 10, MORTGAGE PASS-THROUGH CERTIFICATES

INDEX

|                                                                                                                                                                                       |  |         |    |   |  |                                                                                       |    |      |   | 
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------- | -- | - |  | ------------------------------------------------------------------------------------- | -- | ---- | - | 
|                                                                                                                                                                                       |  |         |    |   |  |                                                                                       |    | Page
|                                                                                                                                                                                       |  |         |    |   |  |                                                                                       |    |     
|PART I                                                                                                                                                                                 |  |         |    |   |  |                                                                                       |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 1  |    | - |  | BUSINESS                                                                              |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 2  |    | - |  | PROPERTIES                                                                            |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 3  |    | - |  | LEGAL PROCEEDINGS                                                                     |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 4  |    | - |  | SUBMISSION OF
MATTERS TO A VOTE OF SECURITY HOLDERS                                   |    |      | 3 | 
|PART II                                                                                                                                                                                |  |         |    |   |  |                                                                                       |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 5  |    | - |  | MARKET FOR REGISTRANTS COMMON STOCK AND
RELATED STOCKHOLDER MATTERS                  |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 6  |    | - |  | SELECTED FINANCIAL DATA                                                               |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 7  |    | - |  | MANAGEMENTS DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 7A |    | - |  | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                            |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 8  |    | - |  | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                                           |    |      | 3 | 
|                                                                                                                                                                                       |  | ITEM 9  |    | - |  | CHANGES IN AND
DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE  |    |      | 3 | 
|PART III                                                                                                                                                                               |  |         |    |   |  |                                                                                       |    |      | 4 | 
|                                                                                                                                                                                       |  | ITEM 10 |    | - |  | DIRECTORS AND
EXECUTIVE OFFICERS OF THE REGISTRANT                                    |    |      | 4 | 
|                                                                                                                                                                                       |  | ITEM 11 |    | - |  | EXECUTIVE COMPENSATION                                                                |    |      | 4 | 
|                                                                                                                                                                                       |  | ITEM 12 |    | - |  | SECURITY OWNERSHIP
OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                        |    |      | 4 | 
|                                                                                                                                                                                       |  | ITEM 13 |    | - |  | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS                                        |    |      | 6 | 
|PART IV                                                                                                                                                                                |  |         |    |   |  |                                                                                       |    |      | 7 | 
|                                                                                                                                                                                       |  | ITEM 14 |    | - |  | CONTROLS AND PROCEDURES                                                               |    |      | 7 | 
|                                                                                                                                                                                       |  | ITEM 15 |    | - |  | PRINCIPAL ACCOUNTANT FEES AND SERVICES                                                |    |      | 7 | 
|                                                                                                                                                                                       |  | ITEM 16 |    | - |  | EXHIBITS, FINANCIAL
STATEMENT SCHEDULES AND REPORTS ON FORM 8-K                       |    |      | 7 | 
|SIGNATURES                                                                                                                                                                             |  |         |    |   |  |                                                                                       | 8  |     
|CERTIFICATION                                                                                                                                                                          |  |         |    |   |  |                                                                                       | 9  |     
|SUPPLEMENTAL
INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT
REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT |  |         | 10 |  
|INDEX TO EXHIBITS                                                                                                                                                                      |  |         |    |   |  |                                                                                       | 10 |     

2



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PART I




|       |   |         
|------ | - | --------
|ITEM 1 | - | BUSINESS

Not Applicable.




|       |   |           
|------ | - | ----------
|ITEM 2 | - | PROPERTIES

Sequoia Residential Funding, Inc. (the Depositor) will furnish
information regarding the Mortgaged Properties by reference to the Annual
Compliance Certificates to be filed herein under Item 16.




|       |   |                  
|------ | - | -----------------
|ITEM 3 | - | LEGAL PROCEEDINGS

The Depositor is not aware of any material pending legal proceedings
involving either the Mortgage Pass-Through Certificates, the Sequoia Mortgage
10 Trust (the Trust); the Trust Agreement; the Trustee; the Depositor; the
Seller; or the Servicer which relates to the Trust.




|       |   |                                                    
|------ | - | ---------------------------------------------------
|ITEM 4 | - | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter has been submitted to a vote of the holders of beneficial
interests in the Trust through the solicitation of proxies or otherwise.




PART II




|       |   |                                                                     
|------ | - | --------------------------------------------------------------------
|ITEM 5 | - | MARKET FOR REGISTRANTS COMMON STOCK AND RELATED STOCKHOLDER MATTERS

To the best knowledge of the Depositor, there is no established public trading market for the Certificates.

The Certificates issued by the Trust are held by the Depository Trust
Company (DTC) which in turn maintains records of holders of beneficial
interests in the Certificates. Based on information obtained by the Trust from
DTC, as of December 31, 2002, there were fourteen holders of the Class 1A
Certificates, ten holders of the Class 2A-1 Certificates, one holder of the
Class 2A-2 Certificate, one holder of the Class X-1A Certificate, one holder of
the X-1B Certificate, one holder of the Class X-2 Certificate, one holder of
the Class X-B Certificate, three holders of the Class B-1 Certificates, one
holder of the Class B-2 Certificate, and three holders of the Class B-3
Certificates.




|       |   |                        
|------ | - | -----------------------
|ITEM 6 | - | SELECTED FINANCIAL DATA

Not Applicable.




|       |   |                                                                                      
|------ | - | -------------------------------------------------------------------------------------
|ITEM 7 | - | MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Not Applicable.




|        |   |                                                           
|------- | - | ----------------------------------------------------------
|ITEM 7A | - | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not Applicable.




|       |   |                                                   
|------ | - | --------------------------------------------------
|ITEM 8 | - | FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

Not Applicable.




|       |   |                                                                                     
|------ | - | ------------------------------------------------------------------------------------
|ITEM 9 | - | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

There were no changes of accountants or disagreements on accounting or
financial disclosures between the Depositor and its accountants.

3



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PART III




|        |   |                                                   
|------- | - | --------------------------------------------------
|ITEM 10 | - | DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

Not Applicable.




|        |   |                       
|------- | - | ----------------------
|ITEM 11 | - | EXECUTIVE COMPENSATION

Not Applicable.




|        |   |                                                               
|------- | - | --------------------------------------------------------------
|ITEM 12 | - | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The Depositor is a Delaware corporation and indirect wholly-owned
subsidiary of Redwood Trust, Inc. The Trust is a grantor trust established
under the Pooling and Servicing Agreement.

The following table sets forth (i) the name and address of each entity
owning more than 5% of the outstanding principal amount of each class of the
Pass-Through Certificates; (ii) the principal amount of each class of the
Pass-Through Certificates owned by each and (iii) the percent that the
principal amount of each class of the Pass-Through Certificates owned by such
entity represents of the outstanding principal amount of such class of
Pass-Through Certificates. The information set forth in the table for the
Certificates is based upon information obtained by the Trust from DTC and
represents ownership of beneficial interest in the Certificates held by DTC.
The Depositor is not aware of any Schedules 13D or 13G filed with the
Securities and Exchange Commission in respect of the Certificates.

Class 1A

|                                                                                           |  |                        |             |                                  |  |  |       |  
|------------------------------------------------------------------------------------------ |  | ---------------------- | ----------- | -------------------------------- |  |  | ----- | -
|Name and Address                                                                           |  | Principal Amount Owned |             | Percentage of Outstanding Amount
|                                                                                           |  |                        |             |                                 
|Deutsche Bank Trust Company Americas
648 Grassmere Park Road
8th Floor
Nashville, TN 37211 |  | $                      | 431,750,000 |                                  |  |  | 52.50 | %
|JP Morgan Chase Bank 
14201 Dallas Parkway
Dallas, TX 75254                                |  | $                      | 243,110,000 |                                  |  |  | 29.56 | %
|CitiBank, N.A.
3800 Citibank Center, B3-15
Tampa, FL 33610                                 |  | $                      | 50,710,000  |                                  |  |  | 6.17  | %

Class 2A-1

|                                                                                                                  |  |                        |             |                                  |  |  |       |  
|----------------------------------------------------------------------------------------------------------------- |  | ---------------------- | ----------- | -------------------------------- |  |  | ----- | -
|Name and Address                                                                                                  |  | Principal Amount Owned |             | Percentage of Outstanding Amount
|                                                                                                                  |  |                        |             |                                 
|Boston Safe Deposit and Trust Company
c/o Mellon Trust
525 William Penn Place
Suite 3148
Pittsburgh, PA 15259     |  | $                      | 30,700,000  |                                  |  |  | 16.16 | %
|CitiBank, N.A.
3800 Citibank Center, B3-15
Tampa, FL 33610                                                        |  | $                      | 19,700,000  |                                  |  |  | 10.39 | %
|State Street Bank and Trust Company
1776 Heritage Drive
Global Corporate Action Unit
JAB 5NW
No. Quincy, MA 02171 |  | $                      | 118,600,000 |                                  |  |  | 62.42 | %

4



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Class 2A-2

|                                                                             |  |                        |           |                                  |  |  |        |  
|---------------------------------------------------------------------------- |  | ---------------------- | --------- | -------------------------------- |  |  | ------ | -
|Name and Address                                                             |  | Principal Amount Owned |           | Percentage of Outstanding Amount
|                                                                             |  |                        |           |                                 
|State Street Bank and Trust Company
1776 Heritage Drive
No. Quincy, MA 02171 |  | $                      | 3,500,000 |                                  |  |  | 100.00 | %

Class X-1A

|                                                                 |  |                        |             |                                  |  |  |        |  
|---------------------------------------------------------------- |  | ---------------------- | ----------- | -------------------------------- |  |  | ------ | -
|Name and Address                                                 |  | Principal Amount Owned |             | Percentage of Outstanding Amount
|                                                                 |  |                        |             |                                 
|DBTC Americas/Dealer Clearance
16 Wall Street
New York, NY 10005 |  | $                      | 392,959,800 |                                  |  |  | 100.00 | %

Class X-1B

|                                                                 |  |                        |             |                                  |  |  |        |  
|---------------------------------------------------------------- |  | ---------------------- | ----------- | -------------------------------- |  |  | ------ | -
|Name and Address                                                 |  | Principal Amount Owned |             | Percentage of Outstanding Amount
|                                                                 |  |                        |             |                                 
|DBTC Americas/Dealer Clearance
16 Wall Street
New York, NY 10005 |  | $                      | 429,415,200 |                                  |  |  | 100.00 | %

Class X-2

|                                                                 |  |                        |             |                                  |  |  |        |  
|---------------------------------------------------------------- |  | ---------------------- | ----------- | -------------------------------- |  |  | ------ | -
|Name and Address                                                 |  | Principal Amount Owned |             | Percentage of Outstanding Amount
|                                                                 |  |                        |             |                                 
|DBTC Americas/Dealer Clearance
16 Wall Street
New York, NY 10005 |  | $                      | 193,500,000 |                                  |  |  | 100.00 | %

Class X-B

|                                                                 |  |                        |            |                                  |  |  |        |  
|---------------------------------------------------------------- |  | ---------------------- | ---------- | -------------------------------- |  |  | ------ | -
|Name and Address                                                 |  | Principal Amount Owned |            | Percentage of Outstanding Amount
|                                                                 |  |                        |            |                                 
|DBTC Americas/Dealer Clearance
16 Wall Street
New York, NY 10005 |  | $                      | 25,725,000 |                                  |  |  | 100.00 | %

5



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##### Table of Contents



Class B-1

|                                                                                                                  |  |                        |           |                                  |  |  |       |  
|----------------------------------------------------------------------------------------------------------------- |  | ---------------------- | --------- | -------------------------------- |  |  | ----- | -
|Name and Address                                                                                                  |  | Principal Amount Owned |           | Percentage of Outstanding Amount
|                                                                                                                  |  |                        |           |                                 
|State Street Bank and Trust Company
1776 Heritage Drive
Global Corporate Action Unit
JAB 5NW
No. Quincy, MA 02171 |  | $                      | 4,600,000 |                                  |  |  | 36.51 | %
|American Express Trust Company
929 AXP Financial Center
Minneapolis, MN 55474                                     |  | $                      | 3,000,000 |                                  |  |  | 23.81 | %
|UMB Bank, National Association
928 Grand Boulevard
Kansas City, MO 64106                                          |  | $                      | 5,000,000 |                                  |  |  | 39.68 | %

Class B-2

|                                                           |  |                        |           |                                  |  |  |        |  
|---------------------------------------------------------- |  | ---------------------- | --------- | -------------------------------- |  |  | ------ | -
|Name and Address                                           |  | Principal Amount Owned |           | Percentage of Outstanding Amount
|                                                           |  |                        |           |                                 
|JP Morgan Chase Bank
14201 Dallas Parkway
Dallas, TX 75254 |  | $                      | 8,400,000 |                                  |  |  | 100.00 | %

Class B-3

|                                                                             |  |                        |           |                                  |  |  |       |  
|---------------------------------------------------------------------------- |  | ---------------------- | --------- | -------------------------------- |  |  | ----- | -
|Name and Address                                                             |  | Principal Amount Owned |           | Percentage of Outstanding Amount
|                                                                             |  |                        |           |                                 
|Credit Suisse First Boston LLC
c/o ADP Proxy Services                        |  | $                      | 2,000,000 |                                  |  |  | 42.33 | %
|JPMorgan Chase Bank
14201 Dallas Parkway
Dallas, TX 75254                    |  | $                      | 1,700,000 |                                  |  |  | 35.98 | %
|LaSalle Bank National Association
135 South LaSalle Street
Chicago, IL 60603 |  | $                      | 1,025,000 |                                  |  |  | 21.69 | %




|        |   |                                               
|------- | - | ----------------------------------------------
|ITEM 13 | - | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None.

6



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##### Table of Contents






PART IV




|        |   |                        
|------- | - | -----------------------
|ITEM 14 | - | CONTROLS AND PROCEDURES

Not Applicable.




|        |   |                                       
|------- | - | --------------------------------------
|ITEM 15 | - | PRINCIPAL ACCOUNTANT FEES AND SERVICES

Not Applicable.




|        |   |                                                                
|------- | - | ---------------------------------------------------------------
|ITEM 16 | - | EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

| |  |     |  |                                                           |  |                               
| |  | --- |  | --------------------------------------------------------- |  | ------------------------------
| |  | (a) |  | The following documents are filed as part of this report:
| |  |     |  |                                                           |  |                               
| |  |     |  | 1.                                                        |  | Financial Statements:         
| |  |     |  |                                                           |  |                               
| |  |     |  |                                                           |  | Not applicable.               
| |  |     |  |                                                           |  |                               
| |  |     |  | 2.                                                        |  | Financial Statement Schedules:
| |  |     |  |                                                           |  |                               
| |  |     |  |                                                           |  | Not applicable.               
| |  |     |  |                                                           |  |                               
| |  |     |  | 3.                                                        |  | Exhibits:                     

| |  |             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                          
| |  | ----------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Exhibit No. |  | Description                                                                                                                                                                                                                                                                                                                                                                                                                              
| |  |             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                          
| |  | 99.1*       |  | Statement of Compliance of the
Servicer pursuant to Section 7.04 of The Mortgage
Loan Flow Purchase, Sale & Servicing Agreement among
RWT, Cendant Mortgage Corporation (Cendant) and
Bishops Gate Residential Mortgage Trust (formerly
known as Cendant Residential Mortgage Trust), as
Sellers, and Cendant, as Servicer, dated August 1,
2002, as modified by the related Acknowledgements
(the RWT/Cendant Servicing Agreement).
| |  |             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                          
| |  | 99.2**      |  | Report of Independent Accountant pursuant to
Section 7.05 of the RWT/Cendant Servicing Agreement.                                                                                                                                                                                                                                                                                                                                        



| | (b) |  | Reports on Form 8-K field
during the last quarter of the period covered by this report.
| | --- |  | ---------------------------------------------------------------------------------------



| | DATE OF REPORTS
ON FORM 10-K |  | ITEMS REPORTED/FINANCIAL
STATEMENTS FILED                                   
| | ---------------------------- |  | ----------------------------------------------------------------------------
|
| | October 11,
2002             |  | Report filing the Pooling and Servicing Agreement and the Tax Opinion       
|
| | December 23,
2002            |  | Trustees Monthly Report for the
October Distribution to Certificateholders 
|
| | December 23,
2002            |  | Trustees Monthly Report for the
November Distribution to Certificateholders



---

|* The document is not due to be delivered until March 31, 2003. Such document
will be filed with the Securities and Exchange Commission by amendment upon
receipt by the Registrant.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|** The document is not due to be delivered until April 15, 2003. Such document
will be filed with the Securities and Exchange Commission by amendment upon
receipt by the Registrant.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

7



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##### Table of Contents






SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Depositor has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.

| |  |                                |                                                                    | 
| |  | ------------------------------ | ------------------------------------------------------------------ | 
| |  | SEQUOIA MORTGAGE FUNDING, INC.
| |  |                                |                                                                    | 
| |  | By:                            | /s/ Harold F. Zagunis                                             
| |  |                                |                                                                   
| |  | Name:
Title:                   | Harold F. Zagunis
Chief Financial Officer, Treasurer and Secretary

Date: March 31, 2003.

8



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##### Table of Contents






CERTIFICATION

I, Harold F. Zagunis, Chief Financial Officer, Treasurer and Secretary of
Sequoia Residential Funding, Inc., a Delaware corporation, hereby certify that:

1. I have reviewed this annual report on Form 10-K, and all reports on
Form 8-K containing distribution or servicing reports filed in respect of the
Certificates for periods included in the year covered by this annual report, of
Sequoia Residential Funding, Inc.;

2. Based on my knowledge, the information in these reports, taken as a
whole, does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading as of the
last day of the period covered by this annual report;

3. Based on my knowledge, the distribution or servicing information
required to be provided to the trustee by the servicer under the trust
agreement, for inclusion in these reports is included in these reports;

4. Based on my knowledge and upon the annual compliance statement included
in the report and required to be delivered to the trustee in accordance with
the terms of the trust agreement, and except as disclosed in the reports, the
servicer has fulfilled its obligations under the servicing agreement; and

5. The reports disclose all significant deficiencies relating to the
servicers compliance with the minimum servicing standards based upon the
report provided by an independent public accountant, after conducting a review
in compliance with the Uniform Attestation Program for Mortgage Bankers or
similar procedure, as set forth in the trust agreement, that is included in
these reports.

In giving the certifications above, I have reasonably relied on
information provided to me by the following unaffiliated parties: Cendant
Mortgage Corporation, as Servicer.

Date: March 31, 2003

/s/ Harold F. Zagunis
Signature
Name: Harold F. Zagunis
Title: Chief Financial Officer, Treasurer and Secretary

9



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##### Table of Contents



SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED
PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE
NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

No annual report, proxy statement,
proxy materials or otherwise were sent to Certificateholders.




INDEX TO EXHIBITS
Item 14(C)

|            |  |                                                                                                         
|----------- |  | --------------------------------------------------------------------------------------------------------
|Exhibit No. |  | Description                                                                                             
|            |  |                                                                                                         
|99.1*       |  | Statement of Compliance of the Servicer pursuant to Section 7.04 of the
RWT/Cendant Servicing Agreement.
|            |  |                                                                                                         
|99.2**      |  | Report of Independent Accountant pursuant to Section 7.05 of the
RWT/Cendant Servicing Agreement.       



---

|* The document is not due to be delivered until March 31, 2003. Such document
will be filed with the Securities and Exchange Commission by amendment upon
receipt by the Registrant. 
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                     
|** The document is not due to be delivered until April 15, 2003. Such document
will be filed with the Securities and Exchange Commission by amendment upon
receipt by the Registrant.

10