EX-33.6 10 cik0001567958-ex336_29.htm EX-33.6 cik0001567958-ex336_29.htm

Exhibit 33.6

 

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 criterion 1122(d)(1)(ii), there were no activities performed during the twelve months ended December 31, 2019 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, 2019 (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 28, 2020

 

 

Appendix A

 

Mortgage-backed Transactions and Securities Constituting the Platform

 

Deal Name

Deal Name

Deal Name

 

 

 

AHMA 2006-3

CMLTI 2006-NC2

CMLTI07-AR7 Mtge pass-thru

 

 

 

AHMA 2006-4

CMLTI 2006-WF1

CMLTI07-AR8, Mtge pass-thru

 

 

 

BAFC 2007-6

CMLTI 2006-WF2

CMS 06-4 REMIC PTC

 

 

 

Citi Residential Mtge Sec, 06-3 REMIC

CMLTI 2006-WFHE1

CMS 06-7 REMIC PTC

 

 

 

Citi Residential Mtge Sec, 07-2 REMIC

CMLTI 2006-WFHE3

CMS 07-1 Sr and Sub REMIC PTC

 

 

 

Citi Residential Mtge Sec,07-1 REMIC

CMLTI 2006-WFHE4

CMS 07-2 REMIC PTC

 

 

 

Citi Residential Mtge Sec,REMIC 06-1

CMLTI 2006-WMC1

CMS 07-3 REMIC PTC

 

 

 

Citi Residential Mtge Sec,REMIC 06-2

CMLTI 2007-10

CMS 07-4 REMIC pass-thru

 

 

 

CitiMtge Alternative Ln Tr  06-A4-

CMLTI 2007-AHL1

CMS 07-6 Sr and Sub REMIC PTC

 

 

 

CitiMtge Alternative Ln Tr 06-A1 REMIC

CMLTI 2007-AHL2

CMS 07-7 REMIC pass-thru

 

 

 

CitiMtge Alternative Ln Tr 06-A2 REMIC

CMLTI 2007-AMC1

CMS 07-8 REMIC PTC

 

 

 

CitiMtge Alternative Ln Tr 06-A3

CMLTI 2007-AMC3

CMS 07-9 REMIC pass-thru

 

 

 

CitiMtge Alternative Ln Tr 07-A5 REMIC

CMLTI 2007-WFHE1

CMS06-5 REMIC pass-thru

 

 

 

CitiMtge Alternative Ln Tr REMIC 07-A3

CMLTI 2007-WFHE2

CMSCMS . REMIC 07-5

 

 

 

CitiMtge Alternative Ln Tr06-A5 REMIC

CMLTI 2007-WFHE3

CMSCMSI 06-2 REMIC pass-thru

 

 

 

CitiMtge Alternative Ln Tr06-A6 Sr  Sub

CMLTI 2007-WFHE4

CMSCMSI Mtge Pass Thru Certs,08-1

 

 

 

CitiMtge Alternative Ln Tr06-A7 Sr  Sub

CMLTI 2008-2

CMSI 2008-2

 

 

 

CitiMtge Alternative Ln Tr07-A1 Sr  Sub

CMLTI06-4 Mtge pass-thru

CMSREMIC pass-thru,06-3

 

 

 

CitiMtge Alternative Ln Tr07-A2 REMIC

CMLTI06-AR1 MBNts

CMSREMIC pass-thru06-1

 

 

 

CitiMtge Alternative Ln Tr07-A4 Sr  Sub

CMLTI06-AR2 MBCerts

CMSREMIC pass-thru06-6

 

 

 

CitiMtge Alternative Ln Tr07-A6

CMLTI06-AR3 Mtge pass-thru

CSMC 2012-9

 

 

 

CitiMtge Alternative Ln Tr07-A7 Sr Sub

Citi Residential Mtge Sec,REMIC 06-2

HALO 07-1

 

 

 

CitiMtge Alternative Ln Tr07-A8 Sr Sub

CMLTI06-AR5 Mtge pass-thru

HALO 2006-2

 

 

 

CMLTI  2006-WFHE2

CMLTI06-AR7 Mtge pass-thru

HALO 2007-AR1

 

 

 

CMLTI 07-AHL3

CMLTI06-AR9 Mtge pass-thru

HALO 2007-WF1

 

 

 

CMLTI 2006-AMC1

CMLTI-07-2 Mtge Pass Thru Cert

HASCO 06-HE2 HSI Asset Secu Tr06-HE2

 

 

 

CMLTI 2006-HE1

CMLTI07-6, Mtge pass-thru

HASCO07-OPT1 Mtge pass-thru

 

 

 

CMLTI 2006-HE2

CMLTI07-AR1 Mtge pass-thru

LMT 2006-1

 

 

 

CMLTI 2006-HE3

CMLTI07-AR4 Mtge pass-thru

LMT 2006-3

 

 

 

CMLTI 2006-NC1

CMLTI07-AR5 Mtge pass-thru

LMT 2006-4

 

 

 

PHH Mtge 2006-1 RMBS

SEMT 2013-10

SEMT 2018-2

 

 

 

PHH Mtge 2006-2 RMBS

SEMT 2013-11

SEMT 2018-3

 

 

 

PHH Mtge 2006-3 RMBS

SEMT 2013-12

SEMT 2018-4

 

 

 

PHH Mtge 2006-4 RMBS

SEMT 2013-2

SEMT 2018-5

 

 

 

PHH Mtge 2007-1 RMBS

SEMT 2013-3

SEMT 2018-6

 

 

 

PHH Mtge 2007-2 RMBS

SEMT 2013-4

SEMT 2018-7

 

 

 

PHH Mtge 2007-3 RMBS

SEMT 2013-6

SEMT 2018-8

 

 

 

 

 

Deal Name

Deal Name

Deal Name

PHH Mtge 2007-4 RMBS

SEMT 2013-7

SEMT 2018-CH1

 

 

 

PHH Mtge 2007-5 RMBS

SEMT 2013-8

SEMT 2018-CH2

 

 

 

PHH Mtge 2007-6 RMBS

SEMT 2014-1

SEMT 2018-CH3

 

 

 

PMT 2013-J1

SEMT 2014-2

SEMT 2018-CH4

 

 

 

SASCO BNC 07-3

SEMT 2014-3

SEMT 2019-1

 

 

 

SASCO Lehman XS 07-11

SEMT 2014-4

SEMT 2019-2

 

 

 

SASCO Lehman XS 2006-1

SEMT 2015-1

SEMT 2019-3

 

 

 

SASCO Lehman XS 2006-13

SEMT 2015-2

SEMT 2019-4

 

 

 

SASCO Lehman XS 2006-17

SEMT 2015-3

SEMT 2019-5

 

 

 

SASCO Lehman XS 2006-5

SEMT 2015-4

SEMT 2019-CH1

 

 

 

SASCO Lehman XS 2006-7

SEMT 2016-1

SEMT 2019-CH2

 

 

 

SASCO Lehman XS 2006-9

SEMT 2016-2

SEMT 2019-CH3

 

 

 

SASCO Mtge pass-thru,06-3H

SEMT 2016-3

SEMT2013-9

 

 

 

SASCO Mtge pass-thru,06-S2

SEMT 2017-1

WAMU 2007-HE2

 

 

 

SASCO Mtge pass-thru,06-S4

SEMT 2017-2

WAMU 2007-HE3

 

 

 

SASCO Mtge pass-thru06-S3

SEMT 2017-3

WAMU 2007-HE4

 

 

 

SEMT 2012-1

SEMT 2017-4

 

 

 

 

SEMT 2012-2

SEMT 2017-5

 

 

 

 

SEMT 2012-3

SEMT 2017-6

 

 

 

 

SEMT 2012-4

SEMT 2017-7

 

 

 

 

SEMT 2012-5

SEMT 2017-CH1

 

 

 

 

SEMT 2012-6

SEMT 2017-CH2

 

 

 

 

SEMT 2013-1

SEMT 2018-1

 

 

 

 

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.