Attached files

file filename
EX-34.7 - Sequoia Mortgage Trust 2011-2smt11002_34-7.txt
EX-34.9 - Sequoia Mortgage Trust 2011-2smt11002_34-9.txt
EX-34.8 - Sequoia Mortgage Trust 2011-2smt11002_34-8.txt
10-K - Sequoia Mortgage Trust 2011-2smt11002_10k-2011.txt
EX-31 - Sequoia Mortgage Trust 2011-2smt11002_31.txt
EX-33.4 - Sequoia Mortgage Trust 2011-2smt11002_33-4.txt
EX-33.6 - Sequoia Mortgage Trust 2011-2smt11002_33-6.txt
EX-33.9 - Sequoia Mortgage Trust 2011-2smt11002_33-9.txt
EX-33.3 - Sequoia Mortgage Trust 2011-2smt11002_33-3.txt
EX-34.3 - Sequoia Mortgage Trust 2011-2smt11002_34-3.txt
EX-34.6 - Sequoia Mortgage Trust 2011-2smt11002_34-6.txt
EX-33.1 - Sequoia Mortgage Trust 2011-2smt11002_33-1.txt
EX-33.7 - Sequoia Mortgage Trust 2011-2smt11002_33-7.txt
EX-34.2 - Sequoia Mortgage Trust 2011-2smt11002_34-2.txt
EX-33.8 - Sequoia Mortgage Trust 2011-2smt11002_33-8.txt
EX-34.5 - Sequoia Mortgage Trust 2011-2smt11002_34-5.txt
EX-34.1 - Sequoia Mortgage Trust 2011-2smt11002_34-1.txt
EX-34.4 - Sequoia Mortgage Trust 2011-2smt11002_34-4.txt
EX-33.10 - Sequoia Mortgage Trust 2011-2smt11002_33-10.txt
EX-33.11 - Sequoia Mortgage Trust 2011-2smt11002_33-11.txt
EX-33.5 - Sequoia Mortgage Trust 2011-2smt11002_33-5.txt
EX-35.3 - Sequoia Mortgage Trust 2011-2smt11002_35-3.txt
EX-35.1 - Sequoia Mortgage Trust 2011-2smt11002_35-1.txt
EX-35.2 - Sequoia Mortgage Trust 2011-2smt11002_35-2.txt
EX-35.4 - Sequoia Mortgage Trust 2011-2smt11002_35-4.txt
EX-35.5 - Sequoia Mortgage Trust 2011-2smt11002_35-5.txt
EX-34.10 - Sequoia Mortgage Trust 2011-2smt11002_34-10.txt
EX-34.11 - Sequoia Mortgage Trust 2011-2smt11002_34-11.txt

  EX-33.2
(logo) PHH Mortgage
PHH

1 Mortgage Way
Mount Laurel, NJ 08054

Luke S. Hayden
President

Telephone: (800) 446-0963 x70184
Fax: (856) 917-4278
luke.hayden@phhmortgage.com


REPORT ON ASSESSMENT OF COMPLIANCE WITH REGULATION AB
SERVICING CRITERIA

PHH Mortgage Corporation (the "Asserting Party") is responsible for assessing
compliance as of December 31, 2011 and for the period from January 1, 2011
through December 31, 2011 (the "Reporting Period") with the Servicing criteria
set forth in Section 229.1122(d) of the Code of Federal Regulations (the
"CFR"), except for criteria set forth in Section 229.1122(d)(3)(i)(c),
(d)(4)(xv) and (d)(1)(iii) of the CFR, which the Asserting Party has concluded
are not applicable to the servicing activities it performs with respect to the
transactions covered by this report (the "Applicable Servicing Criteria").
Certain of the criteria set forth in Section 229.1122(d)(2)(i), (d)(2)(ii),
(d)(4)(iv), (d)(4)(vii), (d)(4)(viii) and (d)(4)(xi) of the CFR are performed
by outsource providers on behalf of the Asserting Party; however, the Asserting
Party has monitored the outsourcing of these criteria and assumes
responsibility for compliance. The transactions covered by this report include
all non-agency loan sale agreements executed after January 1, 2006 as well as
all re-securitization transactions after January 1, 2006 for which the
Asserting Party served as servicer (the "Platform").

The Asserting Party has assessed its compliance with the Applicable Servicing
Criteria as of December 31, 2011 and for the Reporting Period and, to the best
knowledge of the signing officers below, the Asserting Party has complied, in
all material respects throughout the Reporting Period, with the Applicable
Servicing Criteria with respect to the Platform taken as a whole. Except, the
following was noted:

Standard          Description
1122(d)(4)(vii)   During the year ended December 31, 2011, it was determined
                  certain foreclosure proceedings were not concluded in
                  accordance with the published Fannie Mae foreclosure
                  timelines, although the Asserting Party maintains
                  documentation that delays beyond the published Fannie Mae
                  foreclosure timelines were for reasons and circumstances
                  outside the control of the Asserting Party as allowed by
                  Fannie Mae Servicing Guide Announcement SVC-2010-12.

Deloitte & Touche, an independent registered public accounting firm, has issued
an attestation report on the assessment of compliance with the Applicable
Servicing Criteria for the Reporting Period as set forth in this assertion.


Date: February 29, 2012


/s/ Luke Hayden
Luke Hayden
President, PHH Mortgage Corporation


/s/ Martin L. Foster
Martin L. Foster
Senior Vice President - Loan Servicing
PHH Mortgage Corporation


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