Attached files
EX-33.1
(logo) CENLAR FSB
CENTRAL LOAN ADMINISTRATION & REPORTING
PO Box 77400 * Ewing, NJ 08628 * 609-883-3900
Management Assessment
The Board of Directors
Cenlar FSB:
Management of Cenlar FSB (the Company) 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 (the Platform), except for servicing criteria 1122
(d)(1)(iii) Backup Servicer, as of and for the year ended December 31, 2012.
This criteria is not applicable to the Company because the Company does not
perform activities with respect to the Platform relating to this criteria. With
respect to servicing criteria 1122 (d)(4)(xi) and 1122 (d)(2)(vi), management
has engaged various vendors to perform the activities required by these
servicing criteria. The Company's management has determined that none of these
vendors is considered a "servicer" as defined in Item 1101(j) of Regulation AB,
and the Company'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 Company's management is
solely responsible for determining that it meets the SEC requirements to apply
Interpretation 17.06 for the vendors and related criteria. Appendix A
identifies the individual asset-backed transactions and securities defined by
management as constituting the Platform.
The Company's management has assessed the Company's compliance with the
applicable servicing criteria as of and for the year ended December 31, 2012.
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, 2012, the Company has complied, in all material respects
with the servicing criteria, except for the servicing criteria 1122 (d)(1)(iii)
Backup Servicer, set forth in Item 1122(d) of Regulation AB of the Securities
and Exchange Commission relating to the servicing of the Platform.
Overnight Mail: Cenlar FSB * 425 Phillips Boulevard * Ewing, NJ 08618
(page)
Cenlar FSB
March 7, 2013
Page 2 of2
KPMG LLP, an independent 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,
2012.
/s/ Gregory S. Tornquist
Gregory S. Tornquist
President & Chief Executive Officer
/s/ Stephen W. Gozdan /s/ Jeanne M. Bader
Stephen W. Gozdan Jeanne M. Bader
Chief Financial Officer Director of Loan Administration
March 7, 2013
(page)
Appendix A
Securities Covered in Cenlar FSB's REG AB Attestation: Wells Fargo Bank, N.A.
Investor Security * Period
Subserviced by
Cenlar FSB
A54 New York Mortgage Company NYMC 06-1 1/1 to 12/31/12
H96 UBS Real Estate Securities, Inc MASTR 06-OA1 1/1 to 12/31/12
D96 UBS Real Estate Securities, Inc MARM 06-OA2 1/1 to 12/31/12
H83 UBS Real Estate Securities, Inc MARM 07-1 1/1 to 12/31/12
J83 UBS Real Estate Securities, Inc MALT 07-1 1/1 to 12/31/12
T83 UBS Real Estate Securities, Inc MAST 07-1 1/1 to 12/31/12
U83 UBS Real Estate Securities, Inc MALT 07-HF1 1/1 to 12/31/12
A83 UBS Real Estate Securities, Inc SMT 2007-1 1/1 to 12/31/12
G52 Opteum Financial Services, LLC OMAC 06-1 1/1 to 12/31/12
H52 Opteum Financial Services, LLC OMAC 06-2 1/1 to 12/31/12
J52 Opteum Financial Services, LLC BAFC 2006-H 1/1 to 12/31/12
K52 Opteum Financial Services, LLC CMLTI 06-FX1 1/1 to 12/31/12
P52 Opteum Financial Services, LLC CMLTI 07-OPX1 1/1 to 12/31/12
G43 Thornburg Mortgage Home Loans TMST 2007-3 1/1 to 12/31/12
(RBS Financial)
WF3 Lydian Bank/Wells Fargo GSR 2006 AR1 1/1 to 12/31/12
WF4 Lydian Bank/Wells Fargo GSR 2006 AR2 1/1 to 12/31/12
S06/T06 Morgan Stanley Private Bank, NA Sequoia Mortgage 1/1 to 12/31/12
Trust 2007-2
S06/T06 Morgan Stanley Private Bank, NA Sequoia Mortgage 1/1 to 12/31/12
Trust 2007-3
S06/T06 Morgan Stanley Private Bank, NA Sequoia Mortgage 1/1 to 12/31/12
Trust 2007-4
N06 Morgan Stanley Private Bank, NA MSM 2007-15AR 1/1 to 12/31/12
H06 Redwood Trust, Inc. SEMT 2012-1 1/1 to 12/31/12
K06 Redwood Trust, Inc. SEMT 2012-2 3/1 to 12/31/12
L06 Redwood Trust, Inc. SEMT 2012-3 6/1 to 12/31/12
Z06 Redwood Trust, Inc. SEMT 2012-4 9/1 to 12/31/12
Y06 Redwood Trust, Inc. SEMT 2012-5 10/1 to 12/31/12
RWO Redwood Trust, Inc. SEMT 2012-6 11/1 to 12/31/12
(page)
(logo) CENLAR FSB
CENTRAL LOAN ADMINISTRATION & REPORTING
Certification Regarding Compliance with Applicable Servicing Criteria
1. Cen1ar FSB (the "Servicer") is responsible for assessing compliance by it
with the servicing criteria applicable to it under paragraph (d) of Item
1122 of Regulation AB as of and for the 12-month period ending December 31,
2012 (the Reporting Period) as set forth in Appendix A hereto. The
transactions covered by this report include asset-backed securities
transactions involving first lien residential mortgage loans [other than (a)
transactions registered prior to compliance with Regulation AB [and (b)
Freddie Mac, Fannie Mae and Ginnie Mae residential mortgage loan
securitizations]] (the "Platform");
2. The Servicer has engaged certain vendors (the "Vendors") to perform
specific, limited or scripted activities as of and for the period ending
December 31, 2012, and the Servicer elects to take responsibility for
assessing compliance with the servicing criteria or portion of the servicing
criteria applicable to such Vendors as set forth in Exhibit A hereto;
3. Except as set forth in paragraph 4 below, the Servicer used the criteria
set forth in paragraph (d) of Item 1122 of Regulation AB to assess the
compliance with the applicable servicing criteria;
4. The criteria listed in the column titled "Inapplicable Servicing Criteria"
on Exhibit A hereto are inapplicable to the Servicer based on the activities
it performs, directly or through its Vendors, with respect to the Platform;
5. The Servicer has complied, in all material respects, with the applicable
servicing criteria as of December 31, 2012 and for the Reporting Period with
respect to the Platform taken as a whole;
6. The Servicer has not identified and is not aware of any material instance
of noncompliance by the Vendors with the applicable servicing criteria as of
December 31, 2012 and for the Reporting Period with respect to the Platform
taken as a whole;
7. The Servicer has not identified any material deficiency in its policies and
procedures to monitor the compliance by the Vendors with the applicable
servicing criteria as of December 31, 2012 and for the Reporting Period with
respect to the Platform taken as a whole; and
8. A registered public accounting firm (KPMG) has issued an attestation report
on the Servicer's assessment of compliance with the applicable servicing
criteria for the Reporting Period.
Cenlar FSB
By: /s/ Michael Blair
Name: Michael Blair
Title: Senior Vice President
February 28, 2013
Date of Certification
(page)
EXHIBIT A
APPLICABLE INAPPLICABLE
SERVICING CRITERIA SERVICING CRITERIA SERVICING CRITERIA
Performed
by
Vendor(s)
Performed for which
Directly Servicer is
by the Responsible
Reference Criteria Servicer Party
General Servicing Considerations
1122(d)(1)(i) Policies and procedures are instituted X
to monitor any performance or other
triggers and events of default in
accordance with the transaction
agreements.
1122(d)(1)(ii) If any material servicing activities X
are outsourced to third parties, policies
and procedures are instituted to monitor
the third party's performance and
compliance with such servicing
activities.
1122(d)(1)(iii) Any requirements in the transaction X^1
agreements to maintain a backup servicer
for the mortgage loans are maintained.
1122(d)(1)(iv) A fidelity bond and errors and X
omissions policy is in effect on the
party participating in the servicing
function throughout the reporting period
in the amount of coverage required by and
otherwise in accordance with the terms of
the transaction agreements.
Cash Collection and Administration
1122(d)(2)(i) Payments on mortgage loans are deposited X
into the appropriate custodial bank
accounts and related bank clearing
accounts no more than two business days
following receipt, or such other number
of days specified in the transaction
agreements.
1122(d)(2)(ii) Disbursements made via wire transfer on X
behalf of an obligor or to investor are
made only by authorized personnel.
1122(d)(2)(iii) Advances of funds or guarantees X
regarding collections, cash flows or
distributions, and any interest or other
fees charged for such advances, are made,
reviewed and approved as specified in
the transaction agreements.
1122(d)(2)(iv) The related accounts for the X
transaction, such as cash reserve
accounts or accounts established as a
form of overcollateralization, are
separately maintained (e.g., with respect
to commingling of cash) as set forth in
the transaction agreements.
1122(d)(2)(v) Each custodial account is maintained at X
a federally insured depository
institution as set forth in the
transaction agreements. For purposes of
this criterion, "federally insured
depository institution" with respect to a
foreign financial institution means a
foreign financial institution that meets
the requirements of Rule 13k-1(b)(1)
of the Securities Exchange Act.
1122(d)(2)(vi) Unissued checks are safeguarded so as X^2 X^3
to prevent unauthorized access.
1 Cenlar does not (i) perform directly, (ii) take responsibility for the performance of by a Vendor, or (iii)
retain a subservicer(s) or vendor(s) to perform.
2 Cenlar has procedures in place and monitors the tax Corelogic Tax Services, LLC (formerly First
American) and Insurance Assurant Specialty Property (Assurant) vendor's performance and includes the
functions in its attestation testing.
3 Both vendors provide processing services for the payment of taxes and insurance premiums. Cenlar
monitors their performance and reconciles the checks issued.
(page)
APPLICABLE INAPPLICABLE
SERVICING CRITERIA SERVICING CRITERIA SERVICING CRITERIA
Performed Performed
by by
Reference Criteria Servicer Vendor(s)
1122(d)(2)(vii) Reconciliations are prepared on a X
monthly basis for all asset-backed
securities related bank accounts,
including custodial accounts and related
bank clearing accounts. These
reconciliations are (A) mathematically
accurate; (B) prepared within 30
calendar days after the bank statement
cutoff date, or such other number of days
specified in the transaction agreements;
(C) reviewed and approved by someone
other than the person who prepared the
reconciliation; and (D) contain
explanations for reconciling items.
These reconciling items are resolved
within 90 calendar days of their original
identification, or such other number of
days specified in the transaction
agreements.
Investor Remittances and Reporting
1122(d)(3)(i) Reports to investors, including those X^4
to be filed with the Commission, are
maintained in accordance with the
transaction agreements and applicable
Commission requirements. Specifically,
such reports (A) are prepared in
accordance with timeframes and other
terms set forth in the transaction
agreements; (B) provide information
calculated in accordance with the terms
specified in the transaction agreements;
(C) are filed with the Commission as
required by its rules and regulations;
and (D) agree with the investors' or the
trustee's records as to the total unpaid
principal balance and number of mortgage
loans serviced by the Servicer.
1122(d)(3)(ii) Amounts due to investors are allocated X
and remitted in accordance with
timeframes, distribution priority and
other terms set forth in the transaction
agreements.
1122(d)(3)(iii) Disbursements made to an investor are X
posted within two business days to the
Servicer's investor records, or such other
number of days specified in the transaction
agreements.
1122(d)(3)(iv) Amounts remitted to investors per the X
investor reports agree with cancelled
checks, or other form of payment, or
custodial bank statements.
Pool Asset Administration
1122(d)(4)(i) Collateral or security on mortgage loans X
is maintained as required by the
transaction agreements or related
mortgage loan documents.
1122(d)(4)(ii) Mortgage loan and related documents X
are safeguarded as required by the
transaction agreements.
1122(d)(4)(iii) Any additions, removals or substitutions X
to the asset pool are made, reviewed
and approved in accordance with
any conditions or requirements in the
transaction agreements.
1122(d)(4)(iv) Payments on mortgage loans, including any X
payoffs, made in accordance with the
related mortgage loan documents are
posted to the Servicer's obligor
records maintained no more than two
business days after receipt, or such
other number of days specified in the
transaction agreements, and allocated to
principal, interest or other items
(e.g., escrow) in accordance with the
related mortgage loan documents.
1122(d)(4)(v) The Servicer's records regarding the X
mortgage loans agree with the Servicer's
records with respect to an obligor's
unpaid principal balance.
1122(d)(4)(vi) Changes with respect to the terms or X
status of an obligor's mortgage loans
(e.g., loan modifications or re-agings)
are made, reviewed and approved by
authorized personnel in accordance with
the transaction agreements and related
pool asset documents.
4 1122(d)(3)(i)c Servicer is not required to file with the SEC. Servicer files reports in accordance with the
transaction agreements.
(page)
APPLICABLE INAPPLICABLE
SERVICING CRITERIA SERVICING CRITERIA SERVICING CRITERIA
Performed Performed
by by
Reference Criteria Servicer Vendor(s)
1122(d)(4)(vii) Loss mitigation or recovery actions X
(e.g., forbearance plans, modifications
and deeds in lieu of foreclosure,
foreclosures and repossessions, as
applicable) are initiated, conducted and
concluded in accordance with the
timeframes or other requirements
established by the transaction
agreements.
1122(d)(4)(viii) Records documenting collection efforts X
are maintained during the period a mortgage
loan is delinquent in accordance with
the transaction agreements. Such records
are maintained on at least a monthly
basis, or such other period specified in
the transaction agreements, and describe
the entity's activities in monitoring
delinquent mortgage loans including, for
example, phone calls, letters and payment
rescheduling plans in cases where
delinquency is deemed temporary (e.g.,
illness or unemployment).
1122(d)(4)(ix) Adjustments to interest rates or rates X
of return for mortgage loans with variable
rates are computed based on the related
mortgage loan documents.
1122(d)(4)(x) Regarding any funds held in trust for X
an obligor (such as escrow accounts): (A)
such funds are analyzed, in accordance
with the obligor's mortgage loan documents,
on at least an annual basis, or such
other period specified in the transaction
agreements; (B) interest on such funds is
paid, or credited, to obligors in
accordance with applicable mortgage loan
documents and state laws; and (C) such
funds are returned to the obligor within
30 calendar days of full repayment of the
related mortgage loans, or such other
number of days specified in the
transaction agreements.
1122(d)(4)(xi) Payments made on behalf of an obligor X^5 X^6
(such as tax or insurance payments) are
made on or before the related penalty or
expiration dates, as indicated on the
appropriate bills or notices for such
payments, provided that such support has
been received by the servicer at least 30
calendar days prior to these dates, or
such other number of days specified in
the transaction agreements.
1122(d)(4)(xii) Any late payment penalties in X
connection with any payment to be made on
behalf of an obligor are paid from the
Servicer's funds and not charged to the
obligor, unless the late payment was due
to the obligor's error or omission.
1122(d)(4)(xiii) Disbursements made on behalf of an X
obligor are posted within two business
days to the obligor's records maintained
by the Servicer, or such other number of
days specified in the transaction
agreements.
1122(d)(4)(xiv) Delinquencies, charge-offs and X
uncollectible accounts are recognized and
recorded in accordance with the
transaction agreements.
1122(d)(4)(xv) Any external enhancement or other X
support, identified in Item
1114(a)(1) through (3) or Item 1115 of
Regulation AB, is maintained as set
forth in the transaction agreements.
5 Cenlar has procedures in place and monitors the tax (Corelogic Tax Services, LLC) and Insurance
Vendor's (Assurant) performance and includes this in its attestation testing.
6 Both vendors provide processing services for the payment of taxes and insurance premiums. Cenlar
monitors and is responsible for the timely payment of taxes and insurance premiums.
(page)
Appendix A
Securities Covered in Cenlar FSB's REG AB Attestation: Wells Fargo Bank, N.A.
Investor Issuer Security * Period
Subserviced by
Cenlar FSB
A54 New York Mortgage Company NYMC 06-1 1/1 to 12/31/12
H96 UBS Real Estate Securities, Inc MASTR 06-OA1 1/1 to 12/31/12
D96 UBS Real Estate Securities, Inc MARM 06-OA2 1/1 to 12/31/12
H83 UBS Real Estate Securities, Inc MARM 07-1 1/1 to 12/31/12
J83 UBS Real Estate Securities, Inc MALT 07-1 1/1 to 12/31/12
T83 UBS Real Estate Securities, Inc MAST 07-1 1/1 to 12/31/12
U83 UBS Real Estate Securities, Inc MALT 07-HF1 1/1 to 12/31/12
A83 UBS Real Estate Securities, Inc SMT 2007-1 1/1 to 12/31/12
G52 Opteum Financial Services, LLC OMAC 06-1 1/1 to 12/31/12
H52 Opteum Financial Services, LLC OMAC 06-2 1/1 to 12/31/12
J52 Opteum Financial Services, LLC BAFC 2006-H 1/1 to 12/31/12
K52 Opteum Financial Services, LLC CMLTI 06-FX1 1/1 to 12/31/12
P52 Opteum Financial Services, LLC CMLTI 07-OPX1 1/1 to 12/31/12
G43 Thornburg Mortgage Home Loans TMST 2007-3 1/1 to 12/31/12
(RBS Financial)
WF3 Lydian Bank/Wells Fargo GSR 2006 AR1 1/1 to 12/31/12
WF4 Lydian Bank/Wells Fargo GSR 2006 AR2 1/1 to 12/31/12
S06/T06 Morgan Stanley Private Bank, NA Sequoia Mortgage 1/1 to 12/31/12
Trust 2007-2
S06/T06 Morgan Stanley Private Bank, NA Sequoia Mortgage 1/1 to 12/31/12
Trust 2007-3
S06/T06 Morgan Stanley Private Bank, NA Sequoia Mortgage 1/1 to 12/31/12
Trust 2007-4
N06 Morgan Stanley Private Bank, NA MSM 2007-15AR 1/1 to 12/31/12
H06 Redwood Trust, Inc. SEMT 2012-1 1/1 to 12/31/12
K06 Redwood Trust, Inc. SEMT 2012-2 3/1 to 12/31/12
L06 Redwood Trust, Inc. SEMT 2012-3 6/1 to 12/31/12
Z06 Redwood Trust, Inc. SEMT 2012-4 9/1 to 12/31/12
Y06 Redwood Trust, Inc. SEMT 2012-5 10/1 to 12/31/12
RWO Redwood Trust, Inc. SEMT 2012-6 11/1 to 12/31/12
