Attached files
EX-33.1
Management Assessment
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) as
of and for the year ended December 31, 2011, except for servicing criteria
Item 1122(d)(1)(iii), 1122(d)(3)(i)(C), and Item 1122(d)(4)(xv), which the Bank
has determined are not applicable to the activities it performs with respect to
the Platform. Appendix A identifies the individual asset-backed transactions
and securities defined by management as constituting the Platform.
With respect to servicing criteria Item 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 Interpretation 17.06 of the SEC Division of
Corporation Finance Manual of Publicly Available Telephone Interpretations
("Interpretation 17.06"). 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 Interpretation 17.06 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, 2011. 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, except for
the servicing criteria listed above, which the Bank has determined are not
applicable to the activities it performs.
Based on such assessment, management believes that, as of and for the year
ended December 31, 2011, 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, a registered public accounting firm, has issued an attestation report
with respect to management's assessment of compliance with the applicable
servicing criteria as of and for the year ended December 31, 2011.
/s/ Willis H. Newton, Jr.
Willis H. Newton, Jr.
Executive Vice President and Chief Financial Officer
2/17/12
Date
(page)
/s/ Nancy Segreto
Nancy Segreto
Senior Vice President, Lending Services
2-17-12
Date
/s/ Tony Sachs
Tony Sachs
Vice President, Lending Strategy, Products and Sales
2-17-2012
Date
(page)
APPENDIX A
Investor # Investor Name Loan Count Balance as of 12/31/2011
70 Intrepid LLLP 14 $13,094,790.56
120 Redwood Trust (Bear Stearns) 46 $43,089,702.07
122 Sequioa 2007-2 61 $66,725,178.06
123 SEMT 2007-3 14 $18,859,040.60
162 Citigroup Mortgage Loan Turst Series 2005-6 46 $29,883,664.47
163 SAMI II 2005-AR5 127 $135,888,514.62
164 MLCC 2005-3 53 $49,296,919.44
165 MLMI 2005-A10 45 $45,800,069.30
166 Redwood Residential Acquisition Corp 126 $131,658,282.00
167 Sequoia Mortgage Trust 2011-1 135 $144,916,658.98
168 Sequoia Mortgage Trust 2011-2 229 $185,858,932.80
175 Harbor View 2003-2(formerly Greenwich) 26 $17,771,809.63
176 Harbor View 2004-1(formerly Greenwich) 62 $44,347,085.17
177 Harbor View 2004-5(formerly Greenwich) 9 $5,331,834.58
178 Harbor View 2006-6 1 $443,396.05
179 Harbor View 2007-6 7 $3,860,393.36
180 MASTR 2003-5(formerly UBS Warburg) 4 $3,171,692.28
185 MASTI 2003-4 (formerly UBS Warburg) 19 $14,084,715.13
186 MASTR 2005-2 1 $161,750.06
191 CSFB 2004-5 3 $1,287,113.34
192 CSFB 2004-6 10 $2,975,904.43
193 CSFB 2004-7 2 $674,241.53
195 MLMI 2005-A1 50 $33,463,066.06
196 Merrill Lynch Bank 56 $42,918,511.97
197 MLCC 2006-2 87 $63,535,172.01
198 J.P. Morgan 1 $498,420.09
210 Washington Mutual (formerly Bank United of Texas) 1 $71,887.18
227 Washington Mutual (formerly Bank United of Texas) 5 $386,622.78
243 Chase Mortgage Services, Inc 4 $459,948.94
244 Independent National Mortgage 2 $818,692.76
247 Union Bank of California 2 $448,714.90
248 Washington Mutual Bank, Flow Sales (PNC) 5 $2,004,313.44
250 CitiMortgage 12 $5,717,223.31
255 Thornburg Mortgage (WAMU Master Servicer) 1 $420,371.15
260 CitiMortgage 18 $3,703,174.48
312 Residential Funding 89 $48,134,111.11
313 BofA Funding 2011-SD1 3 $1,555,022.17
330 U.S. Bank 2 $334,327.27
355 Thornburg Mortgage (Wells Fargo Master Servicer) 1,128 $923,605,430.99
356 Thornburg 2008-1 8 $7,300,852.38
357 Everbank 82 $87,031,871.80
414 Federal Home Mortgage Loan Association 10 $805,862.20
415 FNMA MBS 12 $1,376,827.16
510 CitiMortgage 7 $1,216,840.67
515 Fannie Mae-Laser 2,798 $996,888,212.99
516 Bank of New Canaan 8 $9,531,105.26
517 Bank of Fairfield 1 $1,200,000.00
614 Federal Home Loan Mortgage Association 1 $67,625.34
615 Fannie Mae-Laser 1 $77,485.23
633 Chase Mortgage Services, Inc 3 $250,622.03
636 Bank United of Florida 1 $49,176.71
637 Bank of America 4 $470,474.86
730 2002-FRB1 REMIC 72 $53,741,338.85
740 2001-FRB1 REMIC 74 $59,855,262.41
750 Washington Mutual Bank 1 $501,058.41
760 2000-FRB1 REMIC 27 $11,056,361.42
770 Bear Stearns 15 $6,196,910.74
775 AAR BART 2003-5 (Bear Stearns) 46 $23,240,693.80
775 BSARM 2003-9 (Bear Searns) 1 $308,824.37
777 HVMLT 2006-13 1 $750,000.00
780 2000-FRB2 REMIC 40 $25,761,329.77
Total 5,719 $3,374,935,435.47
