Fitch Publishes New Issue Report on Sequoia Mortgage Trust

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: Sequoia Mortgage Trust 2012-1
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=668970

Fitch Ratings has published a new issue report on Sequoia Mortgage Trust 2012-1.

On Sept. 27, 2012 Fitch assigned ratings as follows:

--$179,733,000 class 1-A1 certificate 'AAAsf'; Outlook Stable;

--$179,733,000 class 1-AX notional certificate 'AAAsf'; Outlook Stable;

--$201,698,000 class 2-A1 certificate 'AAAsf'; Outlook Stable;

--$201,698,000 class 2-AX notional certificate 'AAAsf'; Outlook Stable;

--$11,016,000 class B-1 certificate 'AAsf'; Outlook Stable;

--$8,315,000 class B-2 certificate 'Asf'; Outlook Stable;

--$5,197,000 class B-3 certificate 'BBBsf'; Outlook Stable;

--$5,404,000 non-offered class B-4 certificate 'BBsf'; Outlook Stable.

The non-offered class B-5 certificate will not be rated.

For a detailed description of Fitch's rating analysis, please see the report titled 'Sequoia Mortgage Trust 2012-1 ', dated Jan. 27, 2012, which is available on the Fitch Ratings web site at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (DATE)

--'Counterparty Criteria for Structured Finance Transactions'

--'Criteria for Special-Purpose Vehicles in Structured Finance Transactions'

--'U.S. RMBS Rating Criteria'

--'U.S. Prime RMBS Loan Loss Model Criteria'

--'U.S. RMBS Cash Flow Analysis Criteria'

--'U.S. Residential Mortgage Loan Representations and Warranties Criteria'

--'U.S. Residential Mortgage Originator Review Criteria'

--'U.S. Residential Mortgage Third-Party Loan-Level Review Criteria'

--'U.S. Residential and Small Balance Commercial Mortgage Servicer Rating Criteria'

--'U.S. RMBS Surveillance Criteria'

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569

Counterparty Criteria for Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=605425

Criteria for Special-Purpose Vehicles in Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=635249

U.S. RMBS Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646455

U.S. Prime RMBS Loan Loss Model Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=648737

U.S. RMBS Cash Flow Analysis Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=639993

U.S. Residential Mortgage Loan Representations and Warranties Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=639992

U.S. Residential Mortgage Originator Review Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=640489

U.S. Residential Mortgage Third-Party Loan-Level Review Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=640472

U.S. Residential and Small Balance Commercial Mortgage Servicer Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=600065

U.S. RMBS Surveillance Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=640869

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