Attached files

file filename
10-K - FORM 10-K - Sequoia Mortgage Trust 2012-4d891599d10k.htm
EX-31 - EX-31 - Sequoia Mortgage Trust 2012-4d891599dex31.htm
EX-33.5 - EX-33.5 - Sequoia Mortgage Trust 2012-4d891599dex335.htm
EX-33.2 - EX-33.2 - Sequoia Mortgage Trust 2012-4d891599dex332.htm
EX-34.2 - EX-34.2 - Sequoia Mortgage Trust 2012-4d891599dex342.htm
EX-34.5 - EX-34.5 - Sequoia Mortgage Trust 2012-4d891599dex345.htm
EX-34.4 - EX-34.4 - Sequoia Mortgage Trust 2012-4d891599dex344.htm
EX-33.1 - EX-33.1 - Sequoia Mortgage Trust 2012-4d891599dex331.htm
EX-33.4 - EX-33.4 - Sequoia Mortgage Trust 2012-4d891599dex334.htm
EX-34.6 - EX-34.6 - Sequoia Mortgage Trust 2012-4d891599dex346.htm
EX-34.3 - EX-34.3 - Sequoia Mortgage Trust 2012-4d891599dex343.htm
EX-33.6 - EX-33.6 - Sequoia Mortgage Trust 2012-4d891599dex336.htm
EX-34.1 - EX-34.1 - Sequoia Mortgage Trust 2012-4d891599dex341.htm
EX-33.3 - EX-33.3 - Sequoia Mortgage Trust 2012-4d891599dex333.htm
EX-34.7 - EX-34.7 - Sequoia Mortgage Trust 2012-4d891599dex347.htm
EX-35.6 - EX-35.6 - Sequoia Mortgage Trust 2012-4d891599dex356.htm
EX-35.5 - EX-35.5 - Sequoia Mortgage Trust 2012-4d891599dex355.htm
EX-35.3 - EX-35.3 - Sequoia Mortgage Trust 2012-4d891599dex353.htm
EX-35.1 - EX-35.1 - Sequoia Mortgage Trust 2012-4d891599dex351.htm
EX-35.4 - EX-35.4 - Sequoia Mortgage Trust 2012-4d891599dex354.htm
EX-35.2 - EX-35.2 - Sequoia Mortgage Trust 2012-4d891599dex352.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.