Attached files

file filename
10-K - FORM 10-K - Sequoia Mortgage Trust 2012-2d891572d10k.htm
EX-31 - EXHIBIT 31 - Sequoia Mortgage Trust 2012-2d891572dex31.htm
EX-35.2 - EXHIBIT 35.2 - Sequoia Mortgage Trust 2012-2d891572dex352.htm
EX-35.5 - EXHIBIT 35.5 - Sequoia Mortgage Trust 2012-2d891572dex355.htm
EX-35.3 - EXHIBIT 35.3 - Sequoia Mortgage Trust 2012-2d891572dex353.htm
EX-33.1 - EXHIBIT 33.1 - Sequoia Mortgage Trust 2012-2d891572dex331.htm
EX-34.6 - EXHIBIT 34.6 - Sequoia Mortgage Trust 2012-2d891572dex346.htm
EX-33.2 - EXHIBIT 33.2 - Sequoia Mortgage Trust 2012-2d891572dex332.htm
EX-34.2 - EXHIBIT 34.2 - Sequoia Mortgage Trust 2012-2d891572dex342.htm
EX-33.3 - EXHIBIT 33.3 - Sequoia Mortgage Trust 2012-2d891572dex333.htm
EX-33.5 - EXHIBIT 33.5 - Sequoia Mortgage Trust 2012-2d891572dex335.htm
EX-35.1 - EXHIBIT 35.1 - Sequoia Mortgage Trust 2012-2d891572dex351.htm
EX-34.5 - EXHIBIT 34.5 - Sequoia Mortgage Trust 2012-2d891572dex345.htm
EX-34.7 - EXHIBIT 34.7 - Sequoia Mortgage Trust 2012-2d891572dex347.htm
EX-33.6 - EXHIBIT 33.6 - Sequoia Mortgage Trust 2012-2d891572dex336.htm
EX-35.6 - EXHIBIT 35.6 - Sequoia Mortgage Trust 2012-2d891572dex356.htm
EX-34.4 - EXHIBIT 34.3 - Sequoia Mortgage Trust 2012-2d891572dex344.htm
EX-34.4 - EXHIBIT 34.4 - Sequoia Mortgage Trust 2012-2d891572dex3441.htm
EX-33.4 - EXHIBIT 33.4 - Sequoia Mortgage Trust 2012-2d891572dex334.htm
EX-35.4 - EXHIBIT 35.4 - Sequoia Mortgage Trust 2012-2d891572dex354.htm
EX-34.1 - EXHIBIT 34.1 - Sequoia Mortgage Trust 2012-2d891572dex341.htm

Exhibit 33.7

MANAGEMENT’S ASSERTION OF COMPLIANCE

Management of the Agency and Trust division of Citibank, N.A. (or “Company”) is responsible for assessing compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission.

Management has determined that the servicing criteria set forth in Item 1122(d) of Regulation AB are applicable in regard to the servicing platform as of and for the period as follows:

Platform: Publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as amended) and certain privately-issued (i.e., for which transaction-level reporting is required pursuant to contractual obligation) residential mortgage-backed securities issued on or after January 1, 2006, as listed in Appendix A, for which the Company provides the following servicing functions:

 

    paying agent, securities administration and trustee; or

 

    securities administration and paying agent; or

 

    paying agent and trustee; or

 

    paying agent

The Platform also includes certain transactions listed in Appendix B for which the Company is not a party to the transaction agreements, but for which securities administration servicing functions have been outsourced to the Company by a party to the transaction agreements.

Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), to the extent required by Item 1122(d) servicing criteria in regards to the activities performed by the Company with respect to the Platform as to any transaction, except for the following servicing criteria: 1122(d)(1)(iii)-1122(d)(1)(iv), 1122(d)(2)(iii), 1122(d)(4)(i)-1122(d)(4)(ii) and 1122(d)(4)(iv)-1122(d)(4)(xiv), which management has determined are not applicable to the activities the Company performs with respect to the Platform (the “Applicable Servicing Criteria”). Servicing criterion 1122(d)(4)(iii) is applicable to the activities the Company performs with respect to the Platform only as it relates to the Company’s obligation to report additions, removals or substitutions on reports to investors in accordance with the transaction agreements. With respect to servicing criterion 1122(d)(1)(ii), there were no activities performed during the twelve months ended December 31, 2014 with respect to the Platform, because there were no occurrences of events that would require the Company to perform such activities.

Period: Twelve months ended December 31, 2014 (the “Period”).

With respect to the Platform as of and for the Period, the Company’s management provides the following assertion of compliance with respect to the Applicable Servicing Criteria:

 

    The Company’s management is responsible for assessing the Company’s compliance with the Applicable Servicing Criteria.

 

    The Company’s management has assessed compliance with the Applicable Servicing Criteria. In making this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

 

    Based on such assessment, the Company has complied, in all material respects, with the Applicable Servicing Criteria.

KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to Management’s assertion of compliance with the Applicable Servicing Criteria as of and for the Period.


CITIBANK, N.A.
By: 

/s/ Karen Montbach

Its:

Managing Director

Dated: February 27, 2015


Appendix A

Mortgage-backed Transactions and Securities Constituting the Platform

 

Deal Name    Deal Name    Deal Name
AHMA 2006-3    CMLTI 2006-NC2    CMLTI 2006-AR9
AHMA 2006-4    CMLTI 2006-WF1    CMLTI 2007-2
BAFC 2007-6    CMLTI 2006-WF2    CMLTI 2007-6
CMALT 2006-A1    CMLTI 2006-WFHE1    CMLTI 2007-AR1
CMALT 2006-A2    CMLTI 2006-WFHE3    CMLTI 2007-AR4
CMALT 2006-A3    CMLTI 2006-WFHE4    CMLTI 2007-AR5
CMALT 2006-A4    CMLTI 2006-WMC1    CMLTI 2007-AR7
CMALT 2006-A5    CMLTI 2007-10    CMLTI 2007-AR8
CMALT 2006-A6    CMLTI 2007-AHL1    CMS 2007-1
CMALT 2006-A7    CMLTI 2007-AHL2    CMS 2007-2
CMALT 2007-A1    CMLTI 2007-AMC1    CMS 2007-3
CMALT 2007-A2    CMLTI 2007-AMC3    CMSI 2006-1
CMALT 2007-A3    CMLTI 2007-WFHE1    CMSI 2006-2
CMALT 2007-A4    CMLTI 2007-WFHE2    CMSI 2006-3
CMALT 2007-A5    CMLTI 2007-WFHE3    CMSI 2006-4
CMALT 2007-A6    CMLTI 2007-WFHE4    CMSI 2006-5
CMALT 2007-A7    CMLTI 2008-2    CMSI 2006-6
CMALT 2007-A8    CMLTI HELOC 2006-NCB1    CMSI 2006-7
CMLTI 2006-WFHE2    CMLTI 2006-4    CMSI 2007-4
CMLTI 2007-AHL3    CMLTI 2006-AR1    CMSI 2007-5
CMLTI 2006-AMC1    CMLTI 2006-AR2    CMSI 2007-6
CMLTI 2006-HE1    CMLTI 2006-AR3    CMSI 2007-7
CMLTI 2006-HE2    CMLTI 2006-AR5    CMSI 2007-8
CMLTI 2006-HE3    CMLTI 2006-AR6    CMSI 2007-9
CMLTI 2006-NC1    CMLTI 2006-AR7    CMSI 2008-1


Deal Name    Deal Name    Deal Name
CMSI 2008-2    PHH Mtge 2007-4 RMBS    SEMT 2012-1
CRMSI 2006-1    PHH Mtge 2007-5 RMBS    SEMT 2012-2
CRMSI 2006-2    PHH Mtge 2007-6 RMBS    SEMT 2012-3
CRMSI 2006-3    PMT 2013-J1    SEMT 2012-4
CRMSI 2007-1    SASCO BNC 07-3    SEMT 2012-5
CRMSI 2007-2    SASCO Lehman XS 2006-13    SEMT 2012-6
CSMC Trust 2012-9    SASCO Lehman XS 2006-17    SEMT 2013-1
HALO 2007-1    SASCO Lehman XS 2006-5    SEMT 2013-2
HALO 2006-2    SASCO Lehman XS 2006-9    SEMT 2013-3
HALO 2007-AR1    SASCO Lehman XS 2006-7    SEMT 2013-4
HALO 2007-WF1    SASCO 2006-3H    SEMT 2013-6
HASCO 2006-HE2    SASCO 2006-S2    SEMT 2013-7
HASCO 2007-OPT1    SASCO 2006-S4    SEMT 2014-1
LMT 2006-1    SASCO 2006-S3    SEMT 2014-2
LMT 2006-3    SEMT 2013-8    SEMT 2014-3
LMT 2006-4    SEMT 2013-9    SEMT 2014-4
LXS 2006-1    SEMT 2013-10   
LXS 2007-11    SEMT 2013-11   
PHH Mtge 2006-1 RMBS    SEMT 2013-12   
PHH Mtge 2006-2 RMBS    WAMU 2007-HE2   
PHH Mtge 2006-3 RMBS    WAMU 2007-HE3   
PHH Mtge 2006-4 RMBS    WAMU 2007-HE4   
PHH Mtge 2007-1 RMBS    SEMT 2010-H1   
PHH Mtge 2007-2 RMBS    SEMT 2011-1   
PHH Mtge 2007-3 RMBS    SEMT 2011-2   


Appendix B

Mortgage-backed Transactions and Securities Constituting the Platform1

 

Deal Name            
RALI06QH1      
RALI06QO1      
RALI06QO10      
RALI06QO2      
RALI06QO3      
RALI06QO4      
RALI06QO5      
RALI06QO6      
RALI06QO7      
RALI06QO8      
RALI06QO9      
RALI07QH1      
RALI07QH2      
RALI07QH3      
RALI07QH4      
RALI07QH5      
RALI07QH6      
RALI07QH7      
RALI07QH8      
RALI07QH9      
RALI07QO1      
RALI07QO2      
RALI07QO3      
RALI07QO4      
RALI07QO5      

 

1 The transactions listed consist of certain transactions for which the Company is not a party to the transaction agreements, but for which securities administration servicing functions have been outsourced to the Company by a party to the transaction agreements with respect to servicing criteria 1122(d)(3)(i)(A), 1122(d)(3)(i)(B) and 1122(d)(3)(i)(D), as well as 1122(d)(3)(ii), but only as it relates to the allocation of amounts due to investors in accordance with the distribution priority and other terms set forth in the transaction agreements.