EX-33.4 6 ck0001574593-ex33_4.htm EX-33.4 EX-33.4

 

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. Additionally, for certain transactions included in the Platform, the Company began providing additional servicing activities on behalf of the party appointed as Trust Administrator per the transaction agreements as of the effective dates set forth in Appendix C.

 

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, 2023 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, 2023 (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/ James Maitland______________________

 

Its: ___Managing Director_______________________

Dated: February 29, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

Appendix A

 

Mortgage-backed Transactions and Securities Constituting the Platform

 

Deal Name

 

Deal Name

 

Deal Name

LMT 2006-1

 

HALO 2006-2

 

SEMT 2013-8

CMLTI 2006-WMC1

 

CMLTI 2006-HE3

 

SEMT 2013-10

CMLTI 2006-WFHE1

 

HALO 2007-AR1

 

SEMT 2013-11

PHH Mtge 2006-1 RMBS

 

HASCO07-OPT1 Mtge pass-thru

 

PMT 2013-J1

CMLTI 2006-HE1

 

HALO 2007-WF1

 

SEMT 2013-7

CMLTI 2006-WF1

 

PHH Mtge 2007-1 RMBS

 

SEMT 2013-6

SASCO Lehman XS 2006-5

 

CMLTI 2007-WFHE1

 

SEMT 2013-2

SASCO Mtge pass-thru,06-3H

 

CMLTI 2007-AHL1

 

SEMT 2013-4

SASCO Lehman XS 2006-7

 

CMLTI 2007-AMC1

 

SEMT 2013-3

SASCO Mtge pass-thru,06-S2

 

WAMU 2007-HE2

 

SEMT 2012-6

CMLTI 2006-WF2

 

CMLTI 2007-WFHE2

 

SEMT 2014-1

PHH Mtge 2006-2 RMBS

 

PHH Mtge 2007-2 RMBS

 

SEMT 2014-4

CMLTI 2006-NC1

 

CMLTI 2007-AMC3

 

SEMT 2015-1

LMT 2006-3

 

WAMU 2007-HE3

 

SEMT 2015-2

SASCO Lehman XS 2006-9

 

PHH Mtge 2007-3 RMBS

 

SEMT 2015-3

AHMA 2006-3

 

CMLTI 2007-AHL2

 

SEMT 2015-4

LMT 2006-4

 

HALO 07-1

 

SEMT 2016-1

AHMA 2006-4

 

WAMU 2007-HE4

 

SEMT 2016-2

CMLTI 2006-HE2

 

CMLTI 2007-WFHE3

 

SEMT 2016-3

SASCO Mtge pass-thru06-S3

 

PHH Mtge 2007-4 RMBS

 

SEMT 2017-1

CMLTI 2006-WFHE2

 

SASCO Lehman XS 07-11

 

SEMT 2017-2

SASCO Lehman XS 2006-13

 

SASCO BNC 07-3

 

SEMT 2017-3

CMLTI 2006-NC2

 

CMLTI 07-AHL3

 

SEMT 2017-4

CMLTI 2006-AMC1

 

BAFC 2007-6

 

SEMT 2017-5

PHH Mtge 2006-3 RMBS

 

PHH Mtge 2007-5 RMBS

 

SEMT 2017-6

CMLTI 2006-WFHE3

 

CMLTI 2007-WFHE4

 

SEMT 2017-CH1

SASCO Lehman XS 2006-17

 

PHH Mtge 2007-6 RMBS

 

SEMT 2017-7

CMLTI 2006-WFHE4

 

PHH Mtge 2006-4 RMBS

 

SEMT 2017-CH2

HASCO 06-HE2 HSI Asset 06-HE2

 

CSMC 2012-9

 

SEMT 2018-1

SASCO Mtge pass-thru,06-S4

 

SEMT2013-9

 

SEMT 2018-2


 

 

 

 


 

 

Deal Name

 

Deal Name

 

 

SEMT 2018-3

 

SEMT 2021-9

 

 

SEMT 2018-CH1

 

SEMT 2022-01

 

 

SEMT 2018-4

 

SEMT 2023-01

 

 

SEMT 2018-5

 

SEMT 2023-2

 

 

SEMT 2018-CH2

 

SEMT 2023-03

 

 

SEMT 2018-6

 

SEMT 2023-04

 

 

SEMT 2018-CH3

 

SEMT 2023-05

 

 

SEMT 2018-7

 

 

 

 

SEMT 2018-CH4

 

 

 

 

SEMT 2019-CH1

 

 

 

 

SEMT 2019-2

 

 

 

 

SEMT 2019-CH2

 

 

 

 

SEMT 2019-3

 

 

 

 

SEMT 2019-CH3

 

 

 

 

SEMT 2019-4

 

 

 

 

SEMT 2019-5

 

 

 

 

SEMT 2020-1

 

 

 

 

SEMT 2020-2

 

 

 

 

SEMT 2020-3

 

 

 

 

SEMT 2020-MC1

 

 

 

 

SEMT 2020-4

 

 

 

 

SEMT 2020-5

 

 

 

 

SEMT 2021-1

 

 

 

 

SEMT 2021-2

 

 

 

 

SEMT 2021-3

 

 

 

 

SEMT 2021-4

 

 

 

 

SEMT 2021-5

 

 

 

 

SEMT 2021-6

 

 

 

 

SEMT 2021-7

 

 

 

 

SEMT 2021-08

 

 

 

 

 

 

 

 

 


 

 

 

 


 

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

Appendix C

 

Mortgage-backed Transactions and Securities Constituting the Platform2

 

Deal Name

Effective date

 

Deal Name

Effective date

CMLTI06-AR2 MBCerts

10/25/2021

 

CitiMtge Alt Ln Tr 07-A5 REMI

8/26/2022

CMLTI06-AR6 Mtge Pass-ThruCRT

10/25/2021

 

CitiMtge Alt Ln Tr07-A6

8/26/2022

CMLTI06-AR7 Mtge pass-thru

10/25/2021

 

CitiMtge Alt Ln Tr07-A8 SrSub

8/26/2022

CMLTI07-AR1 Mtge pass-thru

10/25/2021

 

CMSCMSI 06-2 REMIC pass-thru

9/26/2022

CMLTI07-AR7 Mtge pass-thru

10/25/2021

 

CMS06-5 REMIC pass-thru

9/26/2022

CMLTI06-AR3 Mtge pass-thru

11/26/2021

 

CMS 06-7 REMIC PTC

9/26/2022

CMLTI06-4 Mtge pass-thru

11/26/2021

 

CMS 07-1 Sr and Sub REMIC PTC

9/26/2022

CMLTI06-AR5 Mtge pass-thru

11/26/2021

 

CMS 07-2 REMIC PTC

9/26/2022

CMLTI07-6, Mtge pass-thru

11/26/2021

 

CMS 07-3 REMIC PTC

9/26/2022

CMLTI 2007-10

11/26/2021

 

CMS 07-4 REMIC pass-thru

9/26/2022

CMLTI 2006-AR1

12/27/2021

 

CMSCMS . REMIC 07-5

9/26/2022

CMLTI 2006-AR9

12/27/2021

 

CMS 07-6 Sr and Sub REMIC PTC

9/26/2022

CMLTI 2007-AR4

12/27/2021

 

CMS 07-9 REMIC pass-thru

9/26/2022

CMLTI 2007-AR5

12/27/2021

 

CMSI Mtge PasThru Cert 08-1

9/26/2022

CMLTI 2007-AR8

12/27/2021

 

CMSI 2008-2

9/26/2022

CMLTI 2008-2

12/27/2021

 

CitiMtge Alt Ln Tr07-A7 SrSub

10/25/2022

CMLTI-07-2 Mtge Pass Thru CRT

1/25/2022

 

CMS 07-8 REMIC PTC

11/25/2022

CMLT 2006-A1

8/26/2022

 

CMSREMIC pass-thru,06-3

12/27/2022

CitiMtge Alt Ln Tr 06A2 REMIC

8/26/2022

 

CMS 07-7 REMIC pass-thru

12/27/2022

CitiMtge Alt Ln Tr 06-A3

8/26/2022

 

CMSREMIC pass-thru06-1

1/25/2023

CitiMtge Alt Ln Tr 06-A4-Remi

8/26/2022

 

CMS 06-4 REMIC PTC

1/25/2023

CitiMtge Alt Ln Tr06-A5 REMIC

8/26/2022

 

CMSREMIC pass-thru06-6

1/25/2023

CitiMtge Alt Ln Tr06-A6 Sr sb

8/26/2022

 

Citi RMtge Sec REMIC 06-1

1/25/2023

CitiMtge Alt Ln Tr06-A7 Sr Su

8/26/2022

 

Citi Resi Mtge Sec REMIC 06-2

1/25/2023

CitiMtge Alt Ln Tr07-A1 SrSub

8/26/2022

 

Citi Resid Mtge Sec06-3 REMIC

1/25/2023

CitiMtge Alt Ln Tr07-A2 REMIC

8/26/2022

 

Citi Resi Mtge Sec,07-1 REMIC

1/25/2023

CitiMtge Alt Ln Tr REMIC 07A3

8/26/2022

 

Citi Resi Mtge Sec 07-2 REMIC

1/25/2023

CitiMtge Alt Ln Tr07-A4 SrSub

8/26/2022

 

 

 

 

2 As of the effective dates listed above, the Company began providing servicing activities on behalf of the party appointed as Trust Administrator per the transaction agreements with respect to servicing criteria 1122(d)(1)(v), 1122(d)(3)(i)(B), 1122(d)(3)(i)(D) and 1122(d)(3)(ii). Prior to the effective dates listed above, servicing criterion 1122(d)(3)(ii) was applicable to the Company for the transactions listed above solely with respect to remittances. Beginning on the effective dates listed above, servicing criterion 1122(d)(3)(ii) is applicable to the Company in its entirety for the transactions listed above.