New York, July 20, 2016 -- Moody's Investors Service has assigned provisional ratings to the classes of residential mortgage-backed securities (RMBS) issued by Sequoia Mortgage Trust (SEMT) 2016-2. The certificates are backed by one pool of prime quality, first-lien mortgage loans. The assets of the trust consist of 485 fully amortizing, fixed rate mortgage loans, substantially all of which have an original term to maturity of 30 years. The borrowers in the pool have high FICO scores, significant equity in their properties and liquid cash reserves.

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