Attached files

file filename
EX-34.5 - EX-34.5 - Sequoia Mortgage Trust 2012-1d526116dex345.htm
EX-35.7 - EX-35.7 - Sequoia Mortgage Trust 2012-1d526116dex357.htm
EX-35.6 - EX-35.6 - Sequoia Mortgage Trust 2012-1d526116dex356.htm
EX-35.5 - EX-35.5 - Sequoia Mortgage Trust 2012-1d526116dex355.htm
EX-35.4 - EX-35.4 - Sequoia Mortgage Trust 2012-1d526116dex354.htm
EX-35.3 - EX-35.3 - Sequoia Mortgage Trust 2012-1d526116dex353.htm
EX-35.2 - EX-35.2 - Sequoia Mortgage Trust 2012-1d526116dex352.htm
EX-35.1 - EX-35.1 - Sequoia Mortgage Trust 2012-1d526116dex351.htm
EX-34.8 - EX-34.8 - Sequoia Mortgage Trust 2012-1d526116dex348.htm
EX-34.7 - EX-34.7 - Sequoia Mortgage Trust 2012-1d526116dex347.htm
EX-34.6 - EX-34.6 - Sequoia Mortgage Trust 2012-1d526116dex346.htm
EX-34.4 - EX-34.4 - Sequoia Mortgage Trust 2012-1d526116dex344.htm
EX-34.3 - EX-34.3 - Sequoia Mortgage Trust 2012-1d526116dex343.htm
EX-34.2 - EX-34.2 - Sequoia Mortgage Trust 2012-1d526116dex342.htm
EX-34.1B - EX-34.1B - Sequoia Mortgage Trust 2012-1d526116dex341b.htm
EX-34.1A - EX-34.1A - Sequoia Mortgage Trust 2012-1d526116dex341a.htm
EX-34.1 - EX-34.1 - Sequoia Mortgage Trust 2012-1d526116dex341.htm
EX-33.8 - EX-33.8 - Sequoia Mortgage Trust 2012-1d526116dex338.htm
EX-33.7 - EX-33.7 - Sequoia Mortgage Trust 2012-1d526116dex337.htm
EX-33.6 - EX-33.6 - Sequoia Mortgage Trust 2012-1d526116dex336.htm
EX-33.5 - EX-33.5 - Sequoia Mortgage Trust 2012-1d526116dex335.htm
EX-33.4 - EX-33.4 - Sequoia Mortgage Trust 2012-1d526116dex334.htm
EX-33.3 - EX-33.3 - Sequoia Mortgage Trust 2012-1d526116dex333.htm
EX-33.1B - EX-33.1B - Sequoia Mortgage Trust 2012-1d526116dex331b.htm
EX-33.1A - EX-33.1A - Sequoia Mortgage Trust 2012-1d526116dex331a.htm
EX-33.1 - EX-33.1 - Sequoia Mortgage Trust 2012-1d526116dex331.htm
EX-31 - EX-31 - Sequoia Mortgage Trust 2012-1d526116dex31.htm
10-K - FORM 10-K - Sequoia Mortgage Trust 2012-1d526116d10k.htm

Exhibit 33.2

 

LOGO

Management’s Assertion

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), except for the servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i)(C) and 1122d(4)(xv), which the Bank has determined are not applicable to the activities it performs with respect to the Platform, as of and for the year ended December 31, 2017. Appendix A identifies the individual asset-backed transactions and securities defined by management as constituting the Platform.

With respect to servicing criteria 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 the SEC’s Compliance and Disclosure Interpretation (“C&DI”) 200.06, Vendors Engaged by Servicers (C&DI 200.06). 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 C&DI 200.06 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, 2017. 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, 2017, 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, an independent registered public accounting firm, has issued an attestation report with respect to the Bank’s compliance with the applicable servicing criteria as of and for the year ended December 31, 2017.

San Francisco • Palo Alto • Los Angeles • Santa Barbara • Newport Beach • San Diego • Portland • Palm Beach • Boston • Greenwich • New York

 

111 PINE STREET, SAN FRANCISCO, CALIFORNIA 94111, TEL (415) 392-1400 OR (800) 392-1400, FAX (415) 392-1413

WWW.FIRSTREPUBLIC.COM • MEMBER FDIC AND LOGO EQUAL HOUSING LENDER


/s/ Michael J. Roffler     2-28-18

Michael J. Roffler

    Date
Executive Vice President and Chief Financial Officer    
/s/ Nancy Segreto     2-28-18
Nancy Segreto     Date
Senior Vice President, Lending Services    
/s/ John Glander     2-28-18
John Glander     Date
Vice President, Lending Strategies, Products, and Sales    


Appendix A to Management Assessment

 

Investor #

  

Investor Name

   Loan Count    Balance  

740

   2001-FRB1 REMIC    37    $ 19,994,157.22  

775

   AAR BART 2003-5 (Bear Stearns)    18    $ 5,333,569.86  

453

   Amalgamated Bank    116    $ 111,060,386.74  

396

   Ameris Bank    68    $ 64,522,302.84  

516

   Bank of New Canaan    2    $ 3,151,929.81  

397

   Bank of the Cascades    14    $ 10,494,689.02  

215

   Bank United N.A.    6    $ 5,897,174.28  

770

   Bear Stearns    8    $ 1,760,597.72  

462

   BMO Harris Bank NA    89    $ 32,971,177.88  

393

   Broadway Federal Bank    106    $ 93,668,410.98  

455

   Cathay Bank    33    $ 27,852,292.50  

127

   CIT Bank    490    $ 374,211,892.65  

244

   CIT Bank    1    $ 282,305.89  

162

   Citigroup Mortgage Loan Trust Series 2005-6    18    $ 8,037,281.10  

250

   CitiMortgage    6    $ 1,577,792.26  

260

   CitiMortgage    11    $ 1,975,191.90  

510

   CitiMortgage    4    $ 479,705.96  

147

   Citizens Bank of Pennsylvania    18    $ 14,139,612.33  

135

   Citizens Bank, N.A And Various    2    $ 1,254,745.25  

452

   City Ntnl Bank of New Jersey    17    $ 19,647,165.60  

151

   CMSC Trust 2013-7    1    $ 810,343.15  

387

   Colorado Federal Savings Bank    161    $ 191,180,457.97  

192

   CSFB 2004-6    3    $ 113,778.29  

193

   CSFB 2004-7    1    $ 58,440.03  

134

   CSMC 2014-IVR3    50    $ 27,681,008.54  

154

   CSMC Trust 2013-6    17    $ 18,875,146.24  

157

   CSMC Trust 2013-HYB1    174    $ 171,889,725.09  

207

   CSMC Trust 2013-IVR1    85    $ 66,711,873.29  

209

   CSMC Trust 2013-IVR2    139    $ 121,016,415.20  

189

   CSMC Trust 2013-IVR3    25    $ 26,243,904.76  

158

   CSMC Trust 2013-IVR4    29    $ 27,202,183.56  

144

   CSMC Trust 2013-IVR5    1    $ 596,921.21  

143

   CSMC Trust 2014-IVR1    9    $ 8,313,898.08  

124

   CSMC Trust 2014-SAF1    1    $ 753,042.53  

369

   CSMC Trust 2015-1    4    $ 2,675,668.35  

371

   CSMC TRUST 2015-2    7    $ 5,312,869.47  

372

   CSMC TRUST 2015-3    5    $ 3,460,033.35  

365

   CSMC TRUST 2105-WIN1    6    $ 4,639,585.18  

377

   CSMLT 2015-1    19    $ 13,824,966.85  

382

   CSMLT 2015-2 TRUST    2    $ 1,840,647.19  

391

   CSMLT 2015-3 TRUST    16    $ 10,781,226.34  

141

   Delta Community Credit Union    16    $ 14,882,726.35  

373

   Dime Bank    26    $ 19,079,144.77  

358

   DLJ Mortgage Capital, Inc.    1    $ 1,600,000.00  

 

Page 1


Investor #

  

Investor Name

   Loan Count    Balance  

357

   Everbank    7    $ 6,006,886.29  

515

   Fannie Mae-Laser    5406    $ 1,718,671,730.52  

414

   Federal Home Mortgage Loan Association    6    $ 249,738.86  

146

   Florida Community Bank, N.A.    77    $ 63,336,610.37  

415

   FNMA MBS    3    $ 123,534.36  

384

   GOLDEN PACIFIC BANK, NA    4    $ 2,511,164.05  

381

   GUARANTY BANK & TRUST COMPANY    97    $ 73,764,470.27  

175

   Harbor View 2003-2(formerly Greenwich)    6    $ 2,273,269.52  

176

   Harbor View 2004-1(formerly Greenwich)    15    $ 5,552,102.55  

177

   Harbor View 2004-5(formerly Greenwich)    5    $ 2,571,901.41  

178

   Harbor View 2006-6    1    $ 356,813.62  

149

   Hudson Valley Bank    4    $ 5,256,267.23  

777

   HVMLT 2006-13    1    $ 659,264.63  

385

   J.P. MORGAN MORTGAGE TR 2015-4    152    $ 112,191,836.23  

386

   J.P. MORGAN MORTGAGE TR 2015-5    288    $ 258,114,163.10  

390

   J.P. MORGAN MORTGAGE TR 2015-6    71    $ 61,657,218.47  

401

   J.P. Morgan Mortgage TR 2016-1    6    $ 5,389,430.66  

403

   J.P. Morgan Mortgage TR 2016-2    317    $ 253,565,294.77  

411

   J.P. Morgan Mortgage TR 2016-5    336    $ 283,617,434.26  

458

   J.P. MORGAN MORTGAGE TR 2017-3    6    $ 7,696,648.04  

463

   J.P. Morgan Mortgage Tr 2017-5    386    $ 388,598,405.01  

464

   J.P. Morgan Mortgage Tr 2017-6    5    $ 4,877,091.61  

138

   J.P. Morgan Trust 2014-IVR3    50    $ 63,779,220.71  

405

   J.P.MORGAN MORTGAGE TRUST    189    $ 144,170,635.35  

201

   JP Morgan Mortgage Acq. Corp.    174    $ 186,221,921.59  

145

   JP Morgan Mortgage TR 2014-1    33    $ 27,045,577.05  

378

   JP MORGAN MORTGAGE TR 2015-3    79    $ 70,800,317.85  

364

   JP Morgan Mortgage TR2014-IVR6    210    $ 189,371,334.26  

370

   JP Morgan Mortgage TR2015-IVR2    276    $ 245,982,741.11  

204

   JP Morgan Mortgage Trust 2013-1    185    $ 102,435,920.21  

155

   JP Morgan Mortgage Trust 2013-3    102    $ 101,646,263.65  

132

   JP Morgan Mortgage Trust 2014-2    253    $ 94,085,107.42  

362

   JP Morgan Mortgage Trust 2014-5    145    $ 77,492,858.04  

366

   JP Morgan Mortgage Trust 2015-1    477    $ 438,140,051.05  

361

   JP Morgan Trust 2014-OAK4    7    $ 7,631,310.58  

383

   Landmark Community Bank    17    $ 11,719,394.64  

185

   MASTI 2003-4 (formerly UBS Warburg)    3    $ 1,243,936.51  

180

   MASTR 2003-5(formerly UBS Warburg)    1    $ 636,567.80  

196

   Merrill Lynch Bank    13    $ 7,496,263.38  

164

   MLCC 2005-3    23    $ 14,482,935.99  

197

   MLCC 2006-2    37    $ 15,067,848.36  

195

   MLMI 2005-A1    9    $ 3,651,738.31  

165

   MLMI 2005-A10    22    $ 22,779,435.26  

131

   Morgan Stanley Mortgage    3    $ 2,478,407.82  

136

   MSRM Loan Trust 2014-1    182    $ 142,899,465.02  

 

Page 2


Investor #

  

Investor Name

   Loan Count    Balance  

126

   MTGLQ Investors, L.P.    3    $ 1,030,063.72  

394

   Nationstar Mortgage LLC    1    $ 348,769.97  

388

   Nationwide Bank    368    $ 285,869,494.87  

368

   Nexbank SSB    1047    $ 1,026,338,480.25  

216

   North Valley Bank    5    $ 4,576,365.54  

360

   Northfield Bank    217    $ 195,172,421.01  

156

   NRP MortgageTrust2013-1    365    $ 314,771,980.82  

166

   Redwood Residential Acquisition Corp    149    $ 117,179,449.19  

120

   Redwood Trust (Bear Stearns)    20    $ 12,533,129.96  

312

   Residential Funding    11    $ 3,032,659.09  

376

   RWT FINANCIAL, LLC    428    $ 363,726,770.44  

163

   SAMI II 2005-AR2    58    $ 46,722,519.32  

123

   SEMT 2007-3    8    $ 8,905,325.72  

172

   SEMT 2012-2    39    $ 30,538,017.13  

173

   SEMT 2013-1    13    $ 13,378,684.19  

454

   SEMT 2017-4    36    $ 33,897,524.37  

456

   SEMT 2017-5    103    $ 92,920,104.13  

457

   SEMT 2017-6    77    $ 64,419,117.02  

460

   SEMT 2017-7    50    $ 42,706,092.51  

459

   SEMT 2017-CH1    10    $ 7,399,207.85  

461

   SEMT 2017-CH2    16    $ 11,956,830.63  

122

   Sequioa 2007-2    40    $ 35,451,762.15  

380

   SEQUOIA MORTGAGE TR 2015-3    40    $ 35,176,683.15  

169

   Sequoia Mortgage Trust 2012-1    29    $ 21,605,987.28  

174

   Sequoia Mortgage Trust 2012-3    47    $ 41,276,807.08  

199

   Sequoia Mortgage Trust 2012-4    26    $ 23,260,036.20  

181

   Sequoia Mortgage Trust 2012-5    46    $ 39,791,042.66  

200

   Sequoia Mortgage Trust 2012-6    24    $ 21,691,160.06  

153

   Sequoia Mortgage Trust 2013-10    2    $ 1,098,451.72  

152

   Sequoia Mortgage Trust 2013-11    13    $ 10,464,760.23  

133

   Sequoia Mortgage Trust 2014-2    26    $ 19,717,325.01  

142

   Sequoia Mortgage Trust 2013-12    38    $ 33,877,037.58  

182

   Sequoia Mortgage Trust 2013-2    225    $ 191,164,823.14  

183

   Sequoia Mortgage Trust 2013-3    63    $ 54,814,539.62  

184

   Sequoia Mortgage Trust 2013-4    50    $ 49,586,831.11  

187

   Sequoia Mortgage Trust 2013-7    10    $ 7,974,152.48  

188

   Sequoia Mortgage Trust 2013-8    4    $ 2,252,625.72  

128

   Sequoia Mortgage Trust 2014-1    36    $ 30,081,908.76  

137

   Sequoia Mortgage Trust 2014-3    48    $ 39,629,919.36  

363

   Sequoia Mortgage Trust 2014-4    99    $ 81,479,270.76  

367

   Sequoia Mortgage Trust 2015-1    101    $ 78,429,019.73  

375

   Sequoia Mortgage Trust 2015-2    18    $ 12,495,933.47  

392

   Sequoia Mortgage Trust 2015-4    52    $ 33,866,956.80  

398

   Sequoia Mortgage Trust 2016-1    25    $ 18,792,035.27  

402

   Sequoia Mortgage Trust 2016-2    13    $ 14,031,950.03  

407

   Sequoia Mortgage Trust 2016-3    37    $ 32,150,531.59  

 

Page 3


Investor #

  

Investor Name

   Loan Count    Balance  

412

   Sequoia Mortgage Trust 2017-1    23    $ 18,775,330.85  

450

   Sequoia Mortgage Trust 2017-2    14    $ 13,781,401.79  

451

   Sequoia Mortgage Trust 2017-3    7    $ 6,381,934.40  

217

   Signature Bank    9    $ 12,429,177.17  

129

   STIFEL BANK & TRUST    1186    $ 1,314,135,261.79  

404

   TEACHERS INSURANCE AND ANNUITY    125    $ 112,208,751.90  

400

   The Washington Trust Company    43    $ 28,251,108.19  

356

   Thornburg 2008-1    3    $ 1,401,179.35  

421

   THORNBURG MORTGAGE THB2003-2    4    $ 1,210,216.02  

422

   THORNBURG MORTGAGE THB2003-3    1    $ 844,141.38  

423

   THORNBURG MORTGAGE THB2003-4    3    $ 2,494,201.91  

424

   THORNBURG MORTGAGE THB2003-5    9    $ 6,539,276.22  

425

   THORNBURG MORTGAGE THB2003-6    7    $ 4,573,492.09  

426

   THORNBURG MORTGAGE THB2004-1    7    $ 3,562,892.62  

427

   THORNBURG MORTGAGE THB2004-2    10    $ 6,626,602.78  

428

   THORNBURG MORTGAGE THB2004-3    11    $ 7,060,020.63  

429

   THORNBURG MORTGAGE THB2004-4    18    $ 8,941,867.16  

430

   THORNBURG MORTGAGE THB2005-1    37    $ 16,420,276.84  

431

   THORNBURG MORTGAGE THB2005-2    19    $ 9,504,007.02  

432

   THORNBURG MORTGAGE THB2005-3    29    $ 18,465,794.09  

433

   THORNBURG MORTGAGE THB2005-4    7    $ 3,442,817.78  

434

   THORNBURG MORTGAGE THB2006-1    7    $ 6,228,453.53  

435

   THORNBURG MORTGAGE THB2006-2    9    $ 3,571,414.49  

436

   THORNBURG MORTGAGE THB2006-3    13    $ 8,996,106.45  

437

   THORNBURG MORTGAGE THB2006-4    6    $ 3,105,030.27  

438

   THORNBURG MORTGAGE THB2006-5    8    $ 3,879,926.81  

439

   THORNBURG MORTGAGE THB2006-6    25    $ 11,393,070.02  

440

   THORNBURG MORTGAGE THB2007-1    4    $ 3,804,377.71  

441

   THORNBURG MORTGAGE THB2007-2    27    $ 16,317,286.92  

442

   THORNBURG MORTGAGE THB2007-3    11    $ 6,361,952.90  

443

   THORNBURG MORTGAGE THB2007-4    3    $ 3,926,338.01  

194

   TIAA-CREF Trust Company, FSB    212    $ 107,239,869.84  

330

   U.S. Bank    2    $ 162,296.06  

248

   Washington Mutual Bank, Flow Sales (PNC)    1    $ 293,113.09  

636

   Bank United of Florida    1    $ 2,156.50  

637

   Bank of America ( Nationsbanc    1    $ 27,180.25  

633

   Bayview Financial/Citimae    2    $ 13,001.36  

399

   ZB, N.A.    247    $ 258,672,121.30  
        

 

 

 
               $12,404,784,921.55  
        

 

 

 

 

Page 4