3000 Leadenhall Road
Mt. Laurel, NJ 08054
Glen A. Messina
President and CEO
Tel: (856) 917-6847
Fax: (856) 917-6145
REPORT ON ASSESSMENT OF COMPLIANCE WITH REGULATION AB
Corporation (the Asserting Party) is responsible for assessing compliance as of December 31, 2014 and for the period from January 1, 2014 through December 31, 2014 (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). 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 Servicing Criteria as of December 31, 2014 and for the
Reporting Period and has concluded that the Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria with respect to the Platform taken as a whole.
Deloitte & Touche, an independent registered public accounting firm, has issued an attestation report on the assessment of compliance with the
Servicing Criteria for the Reporting Period as set forth in this assertion.
|PHH Mortgage Corporation|
|Date: February 26, 2015|
/s/ Glen A. Messina
|Glen A. Messina|
/s/ Martin L. Foster
|Martin L. Foster|
|Senior Vice President Loan Servicing|