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-33.7 - 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-33.2 - EX-33.2 - Sequoia Mortgage Trust 2012-1d526116dex332.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 33.8

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 the 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)(1)(v) is applicable only to the activities the Company performs related to the mathematically accurate aggregation of information received from servicers and the accurate conveyance of such information within reports to investors. 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 criteria 1122(d)(1)(ii) and 1122(d)(4)(iii), there were no activities performed during the twelve months ended December 31, 2017 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, 2017 (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 23, 2018


Appendix A

Mortgage-backed Transactions and Securities Constituting the Platform

 

Deal Name    Deal Name    Deal Name
AHMA 2006-3    CMLTI 2006-NC2    CMLTI06-AR9 Mtge pass-thru
American Home Mtge Assets06-4    CMLTI 2006-WF1    CMLTI-07-2 Mtge Pass Thru Cert
BAFC 2007-6    CMLTI 2006-WF2    CMLTI07-6, Mtge pass-thru
CMALT 2006-A1    CMLTI 2006-WFHE1    CMLTI07-AR1 Mtge pass-thru
CMALT 2006-A2    CMLTI 2006-WFHE3    CMLTI07-AR4 Mtge pass-thru
CMALT 2006-A3    CMLTI 2006-WFHE4    CMLTI07-AR5 Mtge pass-thru
CMALT 2006-A4    CMLTI 2006-WMC1    CMLTI07-AR7 Mtge pass-thru
CMALT 2006-A5    CMLTI 2007-10    CMLTI07-AR8, Mtge pass-thru
CMALT 2006-A6    CMLTI 2007-AHL1    CMS 07-1
CMALT 2006-A7    CMLTI 2007-AHL2    CMS 07-2
CMALT 2007-A1    CMLTI 2007-AMC1    CMS 07-3
CMALT 2007-A2    CMLTI 2007-AMC3    CMSI 06-1
CMALT 2007-A3    CMLTI 2007-WFHE1    CMSI 06-2
CMALT 2007-A4    CMLTI 2007-WFHE2    CMSI 06-3
CMALT 2007-A5    CMLTI 2007-WFHE3    CMSI 06-4
CMALT 2007-A6    CMLTI 2007-WFHE4    CMSI 06-5
CMALT 2007-A7    CMLTI 2008-2    CMSI 06-6
CMALT 2007-A8    CMLTI HELOC Tr, 06-NCB1    CMSI 06-7
CMLTI 2006-WFHE2    CMLTI06-4 Mtge pass-thru    CMSI 07-4
CMLTI 07-AHL3    CMLTI06-AR1 MBNts    CMSI 07-5
CMLTI 2006-AMC1    CMLTI06-AR2 MBCerts    CMSI 07-6
CMLTI 2006-HE1    CMLTI06-AR3 Mtge pass-thru    CMSI 07-7
CMLTI 2006-HE2    CMLTI06-AR5 Mtge pass-thru    CMSI 07-8
CMLTI 2006-HE3    CMLTI06-AR6 Mtge Pass-Through Certs    CMSI 07-9
CMLTI 2006-NC1    CMLTI06-AR7 Mtge pass-thru    CMSI 2008-1


Deal Name    Deal Name    Deal Name
CMSI 2008-2    PMT 2013-J1    SEMT 2013-6
CRMSI 2006-1    SASCO BNC 07-3    SEMT 2013-7
CRMSI 2006-2    SASCO Lehman XS 2006-1    SEMT 2014-1
CRMSI 2006-3    SASCO Lehman XS 2006-13    SEMT 2014-2
CRMSI 2007-1    SASCO Lehman XS 2006-17    SEMT 2014-3
CRMSI 2007-2    SASCO Lehman XS 2006-5    SEMT 2014-4
CSMC Trust 2012-9    SASCO Lehman XS 2006-9    SEMT 2015-1
HALO 07-1    SASCO Lehman XS 2006-7    SEMT 2015-2
HALO 2006-2    SASCO Mtge pass-thru, 06-3H    SEMT 2015-3
HALO 2007-AR1    SASCO Mtge pass-thru, 06-S2    SEMT 2015-4
HALO 2007-WF1    SASCO Mtge pass-thru, 06-S4    SEMT 2016-1
HASCO 06-HE2 HSI Asset Secu Tr06-HE2    SASCO Mtge pass-thru06-S3    SEMT 2016-2
HASCO07-OPT1 Mtge pass-thru    SEMT 2013-8    SEMT 2016-3
LMT 2006-1    SEMT 2013-9    SEMT 2017-3
LMT 2006-3    SEMT 2013-10    SEMT 2017-2
LMT 2006-4    SEMT 2013-11    SEMT 2017-1
LXS 2007-11    SEMT 2013-12    SEMT 2017-4
PHH Mtge 2006-1 RMBS    SEMT 2012-1    SEMT 2017-5
PHH Mtge 2006-2 RMBS    SEMT 2012-2    SEMT 2017-6
PHH Mtge 2006-3 RMBS    SEMT 2012-3    SEMT 2017-7
PHH Mtge 2006-4 RMBS    SEMT 2012-4    SEMT 2017-CH1
PHH Mtge 2007-1 RMBS    SEMT 2012-5    SEMT 2017-CH2
PHH Mtge 2007-2 RMBS    SEMT 2012-6    WAMU 2007-HE2
PHH Mtge 2007-3 RMBS    SEMT 2013-1    WAMU 2007-HE3
PHH Mtge 2007-4 RMBS    SEMT 2013-2    WAMU 2007-HE4
PHH Mtge 2007-5 RMBS    SEMT 2013-3   
PHH Mtge 2007-6 RMBS    SEMT 2013-4   


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)(1)(v), 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.