EXHIBIT 10.1

The Bank of New York
Corporate Trust and Agency Services
2 North LaSalle Street, Suite 1020
Chicago, IL 60602
Charles Baker
(312) 827-8576

Distribution Date: January 28, 2005

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

Certificate Monthly Distribution Summary

Current Payment Information
Factors per $1.00

Underlying Certificates Monthly Distribution – Group I

Underlying Certificates Monthly Distribution – Group II

Underlying Pool Delinquent Information by Group

(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.

Certificate Account Information



	Additional Reporting Items	Pool I			Pool II			Total

2.15(a)	Available Interest		26,406.29			3,642.79			30,049.08

	Available Principal		330,095.76			19,423.40			349,519.16

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		2.7000	%		2.0000	%

	Ending Actual OC		2.7000	%		2.0000	%

2.15(g)	2^nd preceding pool bal		15,968,492.13			19,775,393.80			35,743,885.93

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		137.51			0.00			137.51

	Monies Withdrawn from Reserve Fund		137.51			0.00			137.51

2.15(l)	Amts. Dist. to Investor Certificateholders		11,963.23			250.96			12,214.19

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.

SEQUOIA MORTGAGE FUNDING CORP 8-K