New York, June 26, 2014 -- Moody's Investors Service has downgraded the ratings of two tranches backed by Prime Jumbo RMBS loans, issued by Sequoia Mortgage Trust 2004-12. The Class A-3 bond from Sequoia Mortgage Trust 2004-12 is a resecuritization of a portion of the Class A-1 tranche from Sequoia Mortgage Trust 2004-7, which is backed by Jumbo loans issued in 2004. Class X-A2 is an interest-only tranche linked to the outstanding principal balance of Class A-3.
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