Attached files
Exhibit 33.2
Management’s Assertion
Management of First Republic Bank (the Bank) is responsible for assessing compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission relating to the servicing of residential mortgage loans serviced for others (the Platform), except for the servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i)(C) and 1122(d)(4)(xv), which the Bank has determined are not applicable to the activities it performs with respect to the Platform, as of and for the year ended December 31, 2020. Appendix A identifies the individual asset-backed transactions and securities defined by management as constituting the Platform.
With respect to servicing criteria 1122(d)(4)(iv), 1122(d)(4)(xi) and 1122(d)(4)(xii), management has engaged various vendors to perform the activities required by these servicing criteria. The Bank’s management has determined that none of these vendors is considered a “servicer” as defined in Item 1101(j) of Regulation AB, and the Bank’s management has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by the SEC’s Compliance and Disclosure Interpretation (“C&DI”) 200.06, Vendors Engaged by Servicers (C&DI 200.06). Management has policies and procedures in place designed to provide reasonable assurance that the vendors’ activities comply in all material respects with the servicing criteria applicable to each vendor. The Bank’s management is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendors and related criteria.
The Bank’s management has assessed the Bank’s compliance with the applicable servicing criteria as of and for the year ended December 31, 2020. 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, management believes that, as of and for the year ended December 31, 2020, the Bank has complied in all material respects with the servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission relating to the servicing of the Platform.
KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to the Bank’s compliance with the applicable servicing criteria as of and for the year ended December 31, 2020.
San Francisco • Palo Alto • Los Angeles • Santa Barbara • Newport Beach • San Diego • Portland • Jackson • Palm Beach • Boston • Greenwich • New York
111 Pine Street, San Francisco, California 94111 • (415) 392-1400 Toll Free (800) 392-1400 • firstrepublic.com Member FDIC and Equal Housing Lender
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/s/ Michael J Roffler |
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2/17/2021 |
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Michael J. Roffler |
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Date |
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Executive Vice President and Chief Financial Officer |
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/s/ David Bain |
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2/17/2021 |
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David Bain |
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Date |
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Senior Vice President, Head of Lending Services |
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/s/ John Glander |
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2/17/2021 |
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John Glander |
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Date |
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Senior Vice President, Head of Lending Strategy, Products and Sales |
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First Republic Bank Servicing Portfolio
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Appendix A to Management Assertion |
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Investor # |
Investor Name |
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Loan Count |
Balance |
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50 |
FRLC SFR |
|
18 |
$12,294,868.93 |
|
120 |
Redwood Trust (Bear Stearns) |
|
15 |
$7,502,416.94 |
|
122 |
Sequioa 2007-2 |
|
22 |
$17,597,923.43 |
|
123 |
SEMT 2007-3 |
|
4 |
$3,104,558.91 |
|
124 |
CSMC Trust 2014-SAF1 |
|
1 |
$627,763.65 |
|
127 |
CIT Bank |
|
213 |
$137,748,153.69 |
|
128 |
Sequoia Mortgage Trust 2014-1 |
|
17 |
$15,405,075.73 |
|
129 |
STIFEL BANK & TRUST |
|
508 |
$484,890,439.72 |
|
131 |
Morgan Stanley Mortgage |
|
3 |
$2,154,817.29 |
|
132 |
JP Morgan Mortgage Trust 2014-2 |
|
168 |
$46,897,779.74 |
|
133 |
Sequoia Mortgage Trust 2013-12 |
|
7 |
$5,410,701.87 |
|
134 |
CSMC 2014-IVR3 |
|
33 |
$15,620,127.02 |
|
135 |
Citizens Bank, N.A And Various |
|
1 |
$607,943.08 |
|
136 |
MSRM Loan Trust 2014-1 |
|
76 |
$52,294,081.13 |
|
137 |
Sequoia Mortgage Trust 2014-3 |
|
19 |
$13,789,255.61 |
|
138 |
J.P. Morgan Trust 2014-IVR3 |
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25 |
$25,576,347.03 |
|
141 |
Delta Community Credit Union |
|
9 |
$8,286,115.03 |
|
142 |
Sequoia Mortgage Trust 2013-12 |
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16 |
$14,725,565.17 |
|
143 |
CSMC Trust 2014-IVR1 |
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3 |
$1,453,025.77 |
|
145 |
JP Morgan Mortgage TR 2014-1 |
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17 |
$11,852,492.00 |
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146 |
Synovus Financial Corp. |
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43 |
$28,732,575.82 |
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147 |
Citizens Bank, N.A. |
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10 |
$6,295,912.09 |
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149 |
Hudson Valley Bank |
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1 |
$2,867,228.41 |
|
151 |
CMSC Trust 2013-7 |
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1 |
$750,084.79 |
|
152 |
Sequoia Mortgage Trust 2013-11 |
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8 |
$5,599,728.71 |
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153 |
Sequoia Mortgage Trust 2013-10 |
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1 |
$691,371.86 |
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154 |
CSMC Trust 2013-6 |
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9 |
$7,410,631.91 |
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155 |
JP Morgan Mortgage Trust 2013-3 |
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64 |
$57,953,400.37 |
First Republic Bank Servicing Portfolio
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Appendix A to Management Assertion |
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156 |
NRP MortgageTrust2013-1 |
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228 |
$178,942,286.82 |
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157 |
CSMC Trust 2013-HYB1 |
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68 |
$56,118,554.83 |
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158 |
CSMC Trust 2013-IVR4 |
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19 |
$14,941,381.37 |
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162 |
Citigroup Mortgage Loan Trust Series 2005-6 |
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9 |
$2,674,784.52 |
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163 |
SAMI II 2005-AR2 |
|
38 |
$25,778,524.27 |
|
164 |
MLCC 2005-3 |
|
17 |
$9,068,812.29 |
|
165 |
MLMI 2005-A10 |
|
14 |
$12,628,690.93 |
|
172 |
SEMT 2012-2 |
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17 |
$9,356,916.36 |
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173 |
SEMT 2013-1 |
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6 |
$4,910,615.59 |
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174 |
Sequoia Mortgage Trust 2012-3 |
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23 |
$17,192,443.41 |
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175 |
Harbor View 2003-2(formerly Greenwich) |
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4 |
$820,165.30 |
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176 |
Harbor View 2004-1(formerly Greenwich) |
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10 |
$3,602,421.49 |
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177 |
Harbor View 2004-5(formerly Greenwich) |
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4 |
$2,110,156.42 |
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181 |
Sequoia Mortgage Trust 2012-5 |
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16 |
$11,751,724.67 |
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182 |
Sequoia Mortgage Trust 2013-2 |
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116 |
$90,392,591.70 |
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183 |
Sequoia Mortgage Trust 2013-3 |
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33 |
$24,445,981.67 |
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184 |
Sequoia Mortgage Trust 2013-4 |
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30 |
$26,426,897.22 |
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185 |
MASTI 2003-4 (formerly UBS Warburg) |
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2 |
$353,268.86 |
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187 |
Sequoia Mortgage Trust 2013-7 |
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6 |
$4,044,538.28 |
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188 |
Sequoia Mortgage Trust 2013-8 |
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3 |
$1,263,310.00 |
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189 |
CSMC Trust 2013-IVR3 |
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15 |
$13,488,494.13 |
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194 |
TIAA-CREF Trust Company, FSB |
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348 |
$199,992,427.08 |
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195 |
MLMI 2005-A1 |
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3 |
$781,863.36 |
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196 |
Merrill Lynch Bank |
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6 |
$1,823,403.16 |
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197 |
MLCC 2006-2 |
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20 |
$5,225,962.17 |
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199 |
Sequoia Mortgage Trust 2012-4 |
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9 |
$7,428,660.94 |
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200 |
Sequoia Mortgage Trust 2012-6 |
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9 |
$7,424,301.27 |
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201 |
JP Morgan Mortgage Acq. Corp. |
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88 |
$72,050,456.20 |
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204 |
JP Morgan Mortgage Trust 2013-1 |
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118 |
$44,318,896.43 |
First Republic Bank Servicing Portfolio
|
Appendix A to Management Assertion |
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207 |
CSMC Trust 2013-IVR1 |
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47 |
$33,565,207.74 |
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209 |
CSMC Trust 2013-IVR2 |
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87 |
$67,719,325.01 |
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215 |
Bank United N.A. |
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3 |
$1,883,787.37 |
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216 |
North Valley Bank |
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2 |
$1,453,551.88 |
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217 |
Signature Bank |
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3 |
$6,571,500.00 |
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248 |
Washington Mutual Bank, Flow Sales (PNC) |
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1 |
$217,368.09 |
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250 |
CitiMortgage |
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2 |
$282,398.47 |
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260 |
CitiMortgage |
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9 |
$1,367,208.30 |
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312 |
Residential Funding |
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3 |
$1,064,094.73 |
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330 |
U.S. Bank |
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1 |
$68,417.29 |
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357 |
Everbank |
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6 |
$5,301,746.68 |
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358 |
DLJ Mortgage Capital, Inc. |
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1 |
$1,600,000.00 |
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360 |
Northfield Bank |
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78 |
$53,295,753.30 |
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361 |
JP Morgan Trust 2014-OAK4 |
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4 |
$2,720,108.45 |
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362 |
JP Morgan Mortgage Trust 2014-5 |
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106 |
$43,017,550.46 |
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363 |
Sequoia Mortgage Trust 2014-4 |
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39 |
$27,592,149.35 |
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364 |
JP Morgan Mortgage TR2014-IVR6 |
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75 |
$62,097,558.73 |
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365 |
CSMC TRUST 2105-WIN1 |
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3 |
$2,140,461.97 |
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366 |
JP Morgan Mortgage Trust 2015-1 |
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186 |
$156,288,640.48 |
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367 |
Sequoia Mortgage Trust 2015-1 |
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40 |
$29,168,970.81 |
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368 |
Nexbank SSB |
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18 |
$20,538,590.66 |
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369 |
CSMC Trust 2015-1 |
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2 |
$818,974.07 |
|
370 |
JP Morgan Mortgage TR2015-IVR2 |
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100 |
$69,782,953.58 |
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371 |
CSMC TRUST 2015-2 |
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2 |
$1,229,295.53 |
|
372 |
CSMC TRUST 2015-3 |
|
3 |
$1,496,608.46 |
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373 |
Dime Bank |
|
38 |
$33,185,470.32 |
|
375 |
Sequoia Mortgage Trust 2015-2 |
|
11 |
$6,027,415.75 |
|
377 |
CSMLT 2015-1 |
|
9 |
$5,308,067.33 |
|
378 |
JP MORGAN MORTGAGE TR 2015-3 |
|
48 |
$38,185,422.65 |
First Republic Bank Servicing Portfolio
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Appendix A to Management Assertion |
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380 |
SEQUOIA MORTGAGE TR 2015-3 |
|
20 |
$15,529,134.77 |
|
382 |
CSMLT 2015-2 TRUST |
|
1 |
$606,359.03 |
|
383 |
Landmark Community Bank |
|
13 |
$9,114,905.40 |
|
384 |
GOLDEN PACIFIC BANK, NA |
|
2 |
$925,664.08 |
|
385 |
J.P. MORGAN MORTGAGE TR 2015-4 |
|
106 |
$71,979,417.93 |
|
386 |
J.P. MORGAN MORTGAGE TR 2015-5 |
|
115 |
$95,019,417.86 |
|
387 |
Colorado Federal Savings Bank |
|
72 |
$76,602,610.15 |
|
390 |
J.P. MORGAN MORTGAGE TR 2015-6 |
|
47 |
$37,618,672.89 |
|
391 |
CSMLT 2015-3 TRUST |
|
10 |
$5,785,965.51 |
|
392 |
Sequoia Mortgage Trust 2015-4 |
|
36 |
$17,898,399.28 |
|
393 |
Broadway Federal Bank |
|
48 |
$37,243,096.84 |
|
396 |
Ameris Bank |
|
24 |
$24,031,194.31 |
|
397 |
Bank of the Cascades |
|
7 |
$4,506,900.00 |
|
398 |
Sequoia Mortgage Trust 2016-1 |
|
17 |
$12,557,002.64 |
|
399 |
ZB, N.A. |
|
134 |
$133,196,561.66 |
|
400 |
The Washington Trust Company |
|
22 |
$11,219,191.43 |
|
401 |
J.P. Morgan Mortgage TR 2016-1 |
|
3 |
$2,291,380.92 |
|
402 |
Sequoia Mortgage Trust 2016-2 |
|
7 |
$5,991,473.43 |
|
403 |
J.P. Morgan Mortgage TR 2016-2 |
|
168 |
$111,460,825.12 |
|
404 |
TEACHERS INSURANCE AND ANNUITY |
|
82 |
$68,317,182.20 |
|
405 |
J.P.MORGAN MORTGAGE TRUST |
|
108 |
$69,858,106.52 |
|
407 |
Sequoia Mortgage Trust 2016-3 |
|
25 |
$19,417,041.96 |
|
411 |
J.P. Morgan Mortgage TR 2016-5 |
|
170 |
$126,985,570.44 |
|
412 |
Sequoia Mortgage Trust 2017-1 |
|
15 |
$10,287,289.97 |
|
414 |
Federal Home Mortgage Loan Association |
|
2 |
$73,394.00 |
|
415 |
FNMA MBS |
|
2 |
$37,862.16 |
|
421 |
THORNBURG MORTGAGE THB2003-2 |
|
3 |
$790,395.59 |
|
423 |
THORNBURG MORTGAGE THB2003-4 |
|
1 |
$1,064,725.67 |
|
424 |
THORNBURG MORTGAGE THB2003-5 |
|
2 |
$1,054,518.35 |
First Republic Bank Servicing Portfolio
|
Appendix A to Management Assertion |
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|||
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425 |
THORNBURG MORTGAGE THB2003-6 |
|
2 |
$650,137.67 |
|
426 |
THORNBURG MORTGAGE THB2004-1 |
|
3 |
$1,033,267.48 |
|
427 |
THORNBURG MORTGAGE THB2004-2 |
|
7 |
$4,073,349.12 |
|
428 |
THORNBURG MORTGAGE THB2004-3 |
|
4 |
$1,139,896.47 |
|
429 |
THORNBURG MORTGAGE THB2004-4 |
|
10 |
$5,456,522.42 |
|
430 |
THORNBURG MORTGAGE THB2005-1 |
|
21 |
$6,493,671.81 |
|
431 |
THORNBURG MORTGAGE THB2005-2 |
|
12 |
$3,882,923.35 |
|
432 |
THORNBURG MORTGAGE THB2005-3 |
|
13 |
$7,783,033.75 |
|
433 |
THORNBURG MORTGAGE THB2005-4 |
|
2 |
$602,893.51 |
|
434 |
THORNBURG MORTGAGE THB2006-1 |
|
3 |
$3,311,305.92 |
|
435 |
THORNBURG MORTGAGE THB2006-2 |
|
4 |
$731,159.67 |
|
436 |
THORNBURG MORTGAGE THB2006-3 |
|
6 |
$4,309,300.83 |
|
437 |
THORNBURG MORTGAGE THB2006-4 |
|
4 |
$1,020,155.25 |
|
438 |
THORNBURG MORTGAGE THB2006-5 |
|
1 |
$519,814.28 |
|
439 |
THORNBURG MORTGAGE THB2006-6 |
|
17 |
$5,170,449.35 |
|
440 |
THORNBURG MORTGAGE THB2007-1 |
|
2 |
$885,181.24 |
|
441 |
THORNBURG MORTGAGE THB2007-2 |
|
17 |
$8,073,552.84 |
|
442 |
THORNBURG MORTGAGE THB2007-3 |
|
4 |
$1,093,306.56 |
|
443 |
THORNBURG MORTGAGE THB2007-4 |
|
2 |
$314,053.76 |
|
450 |
Sequoia Mortgage Trust 2017-2 |
|
13 |
$11,817,012.99 |
|
451 |
Sequoia Mortgage Trust 2017-3 |
|
3 |
$2,069,814.44 |
|
453 |
Amalgamated Bank |
|
145 |
$116,099,232.94 |
|
454 |
SEMT 2017-4 |
|
18 |
$15,677,646.89 |
|
455 |
Cathay Bank |
|
20 |
$14,352,582.81 |
|
456 |
SEMT 2017-5 |
|
60 |
$48,894,632.15 |
|
457 |
SEMT 2017-6 |
|
40 |
$29,568,629.96 |
|
458 |
J.P. MORGAN MORTGAGE TR 2017-3 |
|
3 |
$1,795,758.72 |
|
459 |
SEMT 2017-CH1 |
|
6 |
$4,570,239.81 |
|
460 |
SEMT 2017-7 |
|
29 |
$22,757,474.70 |
First Republic Bank Servicing Portfolio
|
Appendix A to Management Assertion |
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|||
|
461 |
SEMT 2017-CH2 |
|
11 |
$7,559,897.03 |
|
462 |
BMO Harris Bank NA |
|
60 |
$14,179,780.79 |
|
463 |
J.P. Morgan Mortgage Tr 2017-5 |
|
248 |
$224,469,524.13 |
|
464 |
J.P. Morgan Mortgage Tr 2017-6 |
|
5 |
$4,618,131.00 |
|
465 |
Sequoia Mortgage Trust 2018-1 |
|
37 |
$25,397,163.69 |
|
466 |
Sequoia Mortgage Trust 2018-2 |
|
16 |
$10,496,937.54 |
|
467 |
Sequoia Mortgage Trust 2018-3 |
|
11 |
$8,662,976.91 |
|
468 |
SEMT 2018-CH1 |
|
10 |
$6,815,355.82 |
|
469 |
J.P. Morgan Mortgage Tr 2018-3 |
|
16 |
$12,637,177.21 |
|
470 |
Sequoia Mortgage Trust 2018-4 |
|
7 |
$5,341,306.77 |
|
471 |
Sequoia Mortgage Trust 2018-5 |
|
7 |
$3,980,056.19 |
|
472 |
J.P. Morgan Mortgage Tr 2018-4 |
|
3 |
$1,934,519.17 |
|
473 |
SEMT 2018-CH2 |
|
2 |
$1,915,363.93 |
|
474 |
SEMT 2018-6 |
|
6 |
$5,624,160.22 |
|
475 |
JPMMT 2018-7FRB |
|
246 |
$221,016,543.13 |
|
476 |
SEMT 2018-CH3 |
|
3 |
$1,431,007.81 |
|
477 |
SEMT 2018-7 |
|
26 |
$22,165,355.56 |
|
478 |
JPMMT 2018-9 |
|
3 |
$2,338,871.05 |
|
479 |
SEMT 2018-7 |
|
3 |
$1,870,915.98 |
|
480 |
BankUnited N.A. |
|
469 |
$435,199,049.93 |
|
481 |
SEMT 2018-CH4 |
|
19 |
$16,988,364.57 |
|
482 |
Wilmington Trust SEMT 2019-1 |
|
3 |
$2,991,786.48 |
|
483 |
Wilmington Trust SEMT 2019-CH1 |
|
10 |
$5,840,089.64 |
|
484 |
JPMMT 2019-INV1 |
|
15 |
$10,717,422.87 |
|
485 |
WILMINGTON TRUST SEMT 2019-2 |
|
20 |
$14,878,333.21 |
|
486 |
WILMINGTON TRUST SEMT 2019-CH2 |
|
2 |
$1,021,752.10 |
|
487 |
JPMMT 2019-HYB1 |
|
143 |
$107,178,923.35 |
|
488 |
WILMINGTON TRUST SEMT 2019-3 |
|
37 |
$31,202,733.45 |
|
489 |
Titan Bank NA |
|
1 |
$418,176.52 |
First Republic Bank Servicing Portfolio
|
Appendix A to Management Assertion |
|
|||
|
490 |
Wilmington Trust SEMT 2019-4 |
|
1 |
$731,004.07 |
|
491 |
Wilmington Trust SEMT 2019-5 |
|
6 |
$4,778,396.15 |
|
492 |
Wilmington Trust SEMT 2020-1 |
|
2 |
$1,956,496.38 |
|
493 |
Wilmington Trust SEMT 2020-2 |
|
6 |
$4,522,912.06 |
|
494 |
Wilmington Trust SEMT 2020-3 |
|
303 |
$260,609,860.04 |
|
495 |
First Republic MTG TR 2020-1 |
|
268 |
$256,526,715.89 |
|
496 |
Wilmington Trust SEMT 2020-MC1 |
|
14 |
$13,413,354.39 |
|
497 |
JPMMT 2020-7 |
|
116 |
$100,799,608.84 |
|
498 |
JPMMT 2020-8 |
|
2 |
$2,402,504.63 |
|
499 |
Wilmington Trust SEMT 2020-4 |
|
32 |
$26,473,248.92 |
|
510 |
CitiMortgage |
|
2 |
$113,974.40 |
|
515 |
Fannie Mae-Laser |
|
4392 |
$1,270,057,860.61 |
|
770 |
Bear Stearns |
|
6 |
$1,298,894.88 |
|
775 |
AAR BART 2003-5 (Bear Stearns) |
|
8 |
$1,115,250.89 |
|
166 |
REDWOOD TRUST |
|
0 |
$0.00 |
|
356 |
THORNBURG 2008-1 |
|
0 |
$0.00 |
|
376 |
REDWOOD TRUST FINANCIAL LLC |
|
0 |
$0.00 |
|
394 |
NATIONSTAR (OCWEN) |
|
0 |
$0.00 |
|
516 |
Bankwell Bank |
|
0 |
$0.00 |
|
|
|
Total |
11,848 |
$6,960,790,532.90 |