UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER DISTRIBUTION REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:

~~January~~February 26, 2021 to ~~February~~March 25, 2021

Commission File Number of issuing entity: 333-159791-06

Central Index Key Number of issuing entity: 0001545416

Sequoia Mortgage Trust 2012-2

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-159791-01

Central Index Key Number of depositor: 0001176320

Sequoia Residential Funding, Inc.

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor: 0001530239

RWT Holdings, Inc.

(Exact name of sponsor as specified in its charter)

Jeremy P. Strom

(720) 627-8472

(Name and telephone number, including area code, of the person to contact in connection with this filing)

New York

(State or other jurisdiction of incorporation or organization of the issuing entity)

38-3867656

38-3867657

(I.R.S. Employer Identification No.)

c/o Citibank, N.A.

388 Greenwich Street, 14^th Floor

New York, New York

10013

(Address of principal executive offices of the issuing entity)

(Zip Code)

(212) 816-5693

(Telephone number, including area code)


	Registered/reporting pursuant to (check one)			Name of exchange (If Section 12(b))
Title of class	Section 12(b)	Section 12(g)	Section 15(d)	Name of exchange (If Section 12(b))
A-1	¨	¨	x

A-2	¨	¨	x

A-3	¨	¨	x

A-IO	¨	¨	x

B-1	¨	¨	x

B-2	¨	¨	x

B-3	¨	¨	x

B-4	¨	¨	x

B-5	¨	¨	x

R	¨	¨	x

LT-R	¨	¨	x

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 ¨

PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On ~~February~~March 25, 2021, a distribution was made to holders of the certificates issued by Sequoia Mortgage Trust 2012-2.

The distribution report is attached as Exhibit 99.1 to this Form 10-D.

No assets securitized by Sequoia Residential Funding, Inc. (the “Depositor”) and held by Sequoia Mortgage Trust 2012-2 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from ~~January~~February 26, 2021 to ~~February~~March 25, 2021.

RWT Holdings, Inc. (the “Securitizer”), an affiliate of the Depositor, is the sponsor and the Securitizer of assets held by Sequoia Mortgage Trust 2012-2. The Securitizer filed its first Form ABS-15G on February 6, 2012, and most recently filed its Form ABS-15G on February 12, 2021. The CIK number of the Securitizer is 0001530239.

PART II – OTHER INFORMATION

Item 2. Legal Proceedings.

The Depositor has been notified by USWells Fargo Bank ~~National~~N.A. ~~Association~~ of an update to material pending legal proceedings to which USWells Fargo Bank is subject in connection with its role on certain RMBS transactions. The Depositor is not a party to, nor is this Sequoia transaction subject to, the pending legal proceedings.

Disclosure from USWells Fargo Bank:

InBeginning on June 18, 2014, a group of institutional investors filed civil complaints in the ~~last~~Supreme ~~several~~Court ~~years~~of the State of New York, ~~U.S.~~New ~~Bank~~York ~~National~~County, ~~Association~~and (“later the U.S. ~~Bank”)~~District ~~and~~Court ~~other~~for ~~large~~the ~~financial~~Southern ~~institutions~~District ~~have~~of ~~been~~New ~~sued~~York, against Wells Fargo Bank, N.A., (“Wells Fargo Bank”) in ~~their~~its capacity as trustee ~~or successor trustee~~ for certain residential mortgage backed securities ("“RMBS"”) trusts. The complaints, ~~primarily~~against ~~filed~~Wells byFargo ~~investors~~Bank oralleged ~~investor~~that ~~groups~~the ~~against~~trustee ~~U.S.~~caused ~~Bank~~losses to investors and ~~similar~~asserted ~~institutions~~causes of action based upon, ~~allege~~among other things, the ~~trustees~~trustee's ~~caused~~alleged ~~losses~~failure to: ~~investors~~(i) asnotify aand ~~result~~enforce repurchase obligations of ~~alleged~~mortgage ~~failures~~loan bysellers ~~the~~for ~~sponsors~~purported breaches of representations and warranties, ~~mortgage~~(ii) ~~loan~~notify ~~sellers~~investors of alleged events of default, and ~~servicers~~(iii) toabide ~~comply~~by ~~with~~appropriate ~~the~~standards ~~governing~~of ~~agreements~~care ~~for~~following ~~these~~alleged ~~RMBS~~events ~~trusts~~of default. ~~Plaintiffs~~Relief ~~generally~~sought ~~assert~~included ~~causes~~money damages in an unspecified amount, reimbursement of ~~action~~expenses, ~~based~~and ~~upon~~equitable ~~the~~relief. ~~trustees’~~In ~~purported~~November 2018, ~~failures~~Wells Fargo Bank reached an agreement, in which it denied any wrongdoing, to ~~enforce~~resolve ~~repurchase~~such ~~obligations~~claims ofon ~~mortgage~~a ~~loan~~classwide ~~sellers~~basis for ~~alleged~~the ~~breaches~~271 ofRMBS ~~representations~~trusts ~~and~~at ~~warranties~~issue. On May 6, ~~notify~~2019, ~~securityholders~~the ofcourt ~~purported~~entered ~~events~~an oforder ~~default~~approving ~~allegedly~~the ~~caused~~settlement byagreement. ~~breaches~~Separate oflawsuits ~~servicing~~against ~~standards~~Wells byFargo ~~mortgage~~Bank ~~loan~~making ~~servicers~~similar ~~and~~allegations ~~abide~~filed by acertain ~~heightened~~other ~~standard~~institutional ofinvestors ~~care~~concerning ~~following~~several ~~alleged~~RMBS ~~events~~trusts ofin ~~default~~New York federal and state court are not covered by the settlement agreement.

~~U.S.~~In ~~Bank~~addition ~~denies~~to ~~liability~~the foregoing cases, in August 2014 and ~~believes~~August 2015 ~~that~~Nomura itCredit ~~has~~& ~~performed~~Capital ~~its~~Inc. ~~obligations~~(“Nomura”) ~~under~~and ~~the~~Natixis ~~RMBS~~Real ~~trusts~~Estate Holdings, LLC (“Natixis”) filed a total of seven third-party complaints against Wells Fargo Bank in ~~good~~New ~~faith,~~York ~~that~~state ~~its~~court. In the underlying first-party actions, ~~were~~Nomura ~~not~~and ~~the~~Natixis ~~cause~~have been sued for alleged breaches of ~~losses~~representations toand ~~investors~~warranties made in connection with residential mortgage-backed securities sponsored by them. In the third-party actions, Nomura and Natixis allege that itWells ~~has~~Fargo ~~meritorious~~Bank, ~~defenses~~as master servicer, ~~and~~primary itservicer ~~has~~or ~~contested~~securities administrator, failed to notify Nomura and ~~intends~~Natixis of their own breaches, failed to ~~continue~~properly ~~contesting~~oversee the ~~plaintiffs’~~primary ~~claims~~servicers, ~~vigorously.~~and ~~However,~~failed Uto adhere to accepted servicing practices.S. ~~Bank~~Natixis ~~cannot~~additionally ~~assure~~alleges ~~you~~that asWells Fargo Bank failed to ~~the~~perform ~~outcome~~default ofoversight ~~any~~duties. ofWells ~~the~~Fargo ~~litigation,~~Bank orhas ~~the~~asserted ~~possible~~counterclaims ~~impact~~alleging ofthat ~~these~~Nomura ~~litigations~~and onNatixis ~~the~~failed ~~trustee~~to orprovide ~~the~~Wells ~~RMBS~~Fargo ~~trusts~~Bank notice of their representation and warranty breaches.

OnWith ~~March 9,~~respect ~~2018, a law firm purporting~~ to ~~represent~~each ~~fifteen~~of ~~Delaware statutory trusts (~~the ~~“DSTs”)~~foregoing ~~that~~litigations, ~~issued~~Wells ~~securities~~Fargo ~~backed by student loans (the “Student Loans”) filed a lawsuit in the Delaware Court of Chancery against U.S.~~ Bank ~~National~~believes ~~Association~~plaintiffs' ~~(“U.S.~~claims ~~Bank”)~~are inwithout ~~its~~merit ~~capacities as indenture trustee~~ and ~~successor~~intends ~~special servicer, and three other institutions in their respective transaction capacities, with respect~~ to ~~the~~contest ~~DSTs and~~ the ~~Student~~claims ~~Loans. This lawsuit is captioned The National Collegiate Student Loan Master Trust I~~vigorously, etbut ~~al.~~there v.can ~~U.S.~~be ~~Bank~~no ~~National~~assurances ~~Association, et al., C.A. No. 2018-0167-JRS (Del. Ch.) (the “NCMSLT Action”). The complaint,~~ as ~~amended~~to ~~on June 15, 2018, alleged that~~ the ~~DSTs~~outcome ~~have been harmed as a result~~ of ~~purported~~the ~~misconduct~~litigations or ~~omissions by~~ the ~~defendants~~possible ~~concerning~~impact ~~administration~~ of the ~~trusts~~litigations ~~and~~on ~~special~~Wells ~~servicing~~Fargo ~~of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S.~~ Bank ~~concerning~~or ~~special servicing that appear to be based on certain allegations made on behalf of~~ the ~~DSTs~~related inRMBS ~~the NCMSLT Action~~trusts.

U.S. Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.

U.S. Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious defenses. It has contested and intends to continue contesting the plaintiffs’ claims vigorously.

Item 10. Exhibits.

(a) The following is a list of documents filed as part of this Report on Form 10-D:

(99.1): Monthly report distributed to holders of the certificates issued by Sequoia Mortgage Trust 2012-2, relating to the ~~February~~March 25, 2021 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form 10-D are listed above and in the Exhibit Index that immediately follows the signature page hereof.

EXHIBIT INDEX

ExhibitNumber		Description
Exhibit 99.1		Monthly report distributed to holders of the certificates issued by Sequoia Mortgage Trust 2012-2, relating to the ~~February~~March 25, 2021 distribution.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Sequoia Residential Funding, Inc.

(Depositor)

/s/ Jeremy P. Strom

Jeremy P. Strom, President & Senior Officer in Charge of Securitization

Date: ~~March~~April 107, 2021

Filing Compare · Sequoia Mortgage Trust 2012-2