Exhibit 33.2
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’sCompliance 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 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 BART2003-5 (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 Series2005-6 | 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 Trust2013-7 | 1 | $ | 810,343.15 | ||||
387 | Colorado Federal Savings Bank | 161 | $ | 191,180,457.97 | ||||
192 | CSFB2004-6 | 3 | $ | 113,778.29 | ||||
193 | CSFB2004-7 | 1 | $ | 58,440.03 | ||||
134 | CSMC 2014-IVR3 | 50 | $ | 27,681,008.54 | ||||
154 | CSMC Trust2013-6 | 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 Trust2015-1 | 4 | $ | 2,675,668.35 | ||||
371 | CSMC TRUST2015-2 | 7 | $ | 5,312,869.47 | ||||
372 | CSMC TRUST2015-3 | 5 | $ | 3,460,033.35 | ||||
365 | CSMC TRUST 2105-WIN1 | 6 | $ | 4,639,585.18 | ||||
377 | CSMLT2015-1 | 19 | $ | 13,824,966.85 | ||||
382 | CSMLT2015-2 TRUST | 2 | $ | 1,840,647.19 | ||||
391 | CSMLT2015-3 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 | FannieMae-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 View2003-2(formerly Greenwich) | 6 | $ | 2,273,269.52 | ||||
176 | Harbor View2004-1(formerly Greenwich) | 15 | $ | 5,552,102.55 | ||||
177 | Harbor View2004-5(formerly Greenwich) | 5 | $ | 2,571,901.41 | ||||
178 | Harbor View2006-6 | 1 | $ | 356,813.62 | ||||
149 | Hudson Valley Bank | 4 | $ | 5,256,267.23 | ||||
777 | HVMLT2006-13 | 1 | $ | 659,264.63 | ||||
385 | J.P. MORGAN MORTGAGE TR2015-4 | 152 | $ | 112,191,836.23 | ||||
386 | J.P. MORGAN MORTGAGE TR2015-5 | 288 | $ | 258,114,163.10 | ||||
390 | J.P. MORGAN MORTGAGE TR2015-6 | 71 | $ | 61,657,218.47 | ||||
401 | J.P. Morgan Mortgage TR2016-1 | 6 | $ | 5,389,430.66 | ||||
403 | J.P. Morgan Mortgage TR2016-2 | 317 | $ | 253,565,294.77 | ||||
411 | J.P. Morgan Mortgage TR2016-5 | 336 | $ | 283,617,434.26 | ||||
458 | J.P. MORGAN MORTGAGE TR2017-3 | 6 | $ | 7,696,648.04 | ||||
463 | J.P. Morgan Mortgage Tr2017-5 | 386 | $ | 388,598,405.01 | ||||
464 | J.P. Morgan Mortgage Tr2017-6 | 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 TR2014-1 | 33 | $ | 27,045,577.05 | ||||
378 | JP MORGAN MORTGAGE TR2015-3 | 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 Trust2013-1 | 185 | $ | 102,435,920.21 | ||||
155 | JP Morgan Mortgage Trust2013-3 | 102 | $ | 101,646,263.65 | ||||
132 | JP Morgan Mortgage Trust2014-2 | 253 | $ | 94,085,107.42 | ||||
362 | JP Morgan Mortgage Trust2014-5 | 145 | $ | 77,492,858.04 | ||||
366 | JP Morgan Mortgage Trust2015-1 | 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 | MASTI2003-4 (formerly UBS Warburg) | 3 | $ | 1,243,936.51 | ||||
180 | MASTR2003-5(formerly UBS Warburg) | 1 | $ | 636,567.80 | ||||
196 | Merrill Lynch Bank | 13 | $ | 7,496,263.38 | ||||
164 | MLCC2005-3 | 23 | $ | 14,482,935.99 | ||||
197 | MLCC2006-2 | 37 | $ | 15,067,848.36 | ||||
195 | MLMI2005-A1 | 9 | $ | 3,651,738.31 | ||||
165 | MLMI2005-A10 | 22 | $ | 22,779,435.26 | ||||
131 | Morgan Stanley Mortgage | 3 | $ | 2,478,407.82 | ||||
136 | MSRM Loan Trust2014-1 | 182 | $ | 142,899,465.02 |
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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 | NRPMortgageTrust2013-1 | 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 II2005-AR2 | 58 | $ | 46,722,519.32 | ||||
123 | SEMT2007-3 | 8 | $ | 8,905,325.72 | ||||
172 | SEMT2012-2 | 39 | $ | 30,538,017.13 | ||||
173 | SEMT2013-1 | 13 | $ | 13,378,684.19 | ||||
454 | SEMT2017-4 | 36 | $ | 33,897,524.37 | ||||
456 | SEMT2017-5 | 103 | $ | 92,920,104.13 | ||||
457 | SEMT2017-6 | 77 | $ | 64,419,117.02 | ||||
460 | SEMT2017-7 | 50 | $ | 42,706,092.51 | ||||
459 | SEMT2017-CH1 | 10 | $ | 7,399,207.85 | ||||
461 | SEMT2017-CH2 | 16 | $ | 11,956,830.63 | ||||
122 | Sequioa2007-2 | 40 | $ | 35,451,762.15 | ||||
380 | SEQUOIA MORTGAGE TR2015-3 | 40 | $ | 35,176,683.15 | ||||
169 | Sequoia Mortgage Trust2012-1 | 29 | $ | 21,605,987.28 | ||||
174 | Sequoia Mortgage Trust2012-3 | 47 | $ | 41,276,807.08 | ||||
199 | Sequoia Mortgage Trust2012-4 | 26 | $ | 23,260,036.20 | ||||
181 | Sequoia Mortgage Trust2012-5 | 46 | $ | 39,791,042.66 | ||||
200 | Sequoia Mortgage Trust2012-6 | 24 | $ | 21,691,160.06 | ||||
153 | Sequoia Mortgage Trust2013-10 | 2 | $ | 1,098,451.72 | ||||
152 | Sequoia Mortgage Trust2013-11 | 13 | $ | 10,464,760.23 | ||||
133 | Sequoia Mortgage Trust2014-2 | 26 | $ | 19,717,325.01 | ||||
142 | Sequoia Mortgage Trust2013-12 | 38 | $ | 33,877,037.58 | ||||
182 | Sequoia Mortgage Trust2013-2 | 225 | $ | 191,164,823.14 | ||||
183 | Sequoia Mortgage Trust2013-3 | 63 | $ | 54,814,539.62 | ||||
184 | Sequoia Mortgage Trust2013-4 | 50 | $ | 49,586,831.11 | ||||
187 | Sequoia Mortgage Trust2013-7 | 10 | $ | 7,974,152.48 | ||||
188 | Sequoia Mortgage Trust2013-8 | 4 | $ | 2,252,625.72 | ||||
128 | Sequoia Mortgage Trust2014-1 | 36 | $ | 30,081,908.76 | ||||
137 | Sequoia Mortgage Trust2014-3 | 48 | $ | 39,629,919.36 | ||||
363 | Sequoia Mortgage Trust2014-4 | 99 | $ | 81,479,270.76 | ||||
367 | Sequoia Mortgage Trust2015-1 | 101 | $ | 78,429,019.73 | ||||
375 | Sequoia Mortgage Trust2015-2 | 18 | $ | 12,495,933.47 | ||||
392 | Sequoia Mortgage Trust2015-4 | 52 | $ | 33,866,956.80 | ||||
398 | Sequoia Mortgage Trust2016-1 | 25 | $ | 18,792,035.27 | ||||
402 | Sequoia Mortgage Trust2016-2 | 13 | $ | 14,031,950.03 | ||||
407 | Sequoia Mortgage Trust2016-3 | 37 | $ | 32,150,531.59 |
Page 3
Investor # | Investor Name | Loan Count | Balance | |||||
412 | Sequoia Mortgage Trust2017-1 | 23 | $ | 18,775,330.85 | ||||
450 | Sequoia Mortgage Trust2017-2 | 14 | $ | 13,781,401.79 | ||||
451 | Sequoia Mortgage Trust2017-3 | 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 | Thornburg2008-1 | 3 | $ | 1,401,179.35 | ||||
421 | THORNBURG MORTGAGETHB2003-2 | 4 | $ | 1,210,216.02 | ||||
422 | THORNBURG MORTGAGETHB2003-3 | 1 | $ | 844,141.38 | ||||
423 | THORNBURG MORTGAGETHB2003-4 | 3 | $ | 2,494,201.91 | ||||
424 | THORNBURG MORTGAGETHB2003-5 | 9 | $ | 6,539,276.22 | ||||
425 | THORNBURG MORTGAGETHB2003-6 | 7 | $ | 4,573,492.09 | ||||
426 | THORNBURG MORTGAGETHB2004-1 | 7 | $ | 3,562,892.62 | ||||
427 | THORNBURG MORTGAGETHB2004-2 | 10 | $ | 6,626,602.78 | ||||
428 | THORNBURG MORTGAGETHB2004-3 | 11 | $ | 7,060,020.63 | ||||
429 | THORNBURG MORTGAGETHB2004-4 | 18 | $ | 8,941,867.16 | ||||
430 | THORNBURG MORTGAGETHB2005-1 | 37 | $ | 16,420,276.84 | ||||
431 | THORNBURG MORTGAGETHB2005-2 | 19 | $ | 9,504,007.02 | ||||
432 | THORNBURG MORTGAGETHB2005-3 | 29 | $ | 18,465,794.09 | ||||
433 | THORNBURG MORTGAGETHB2005-4 | 7 | $ | 3,442,817.78 | ||||
434 | THORNBURG MORTGAGETHB2006-1 | 7 | $ | 6,228,453.53 | ||||
435 | THORNBURG MORTGAGETHB2006-2 | 9 | $ | 3,571,414.49 | ||||
436 | THORNBURG MORTGAGETHB2006-3 | 13 | $ | 8,996,106.45 | ||||
437 | THORNBURG MORTGAGETHB2006-4 | 6 | $ | 3,105,030.27 | ||||
438 | THORNBURG MORTGAGETHB2006-5 | 8 | $ | 3,879,926.81 | ||||
439 | THORNBURG MORTGAGETHB2006-6 | 25 | $ | 11,393,070.02 | ||||
440 | THORNBURG MORTGAGETHB2007-1 | 4 | $ | 3,804,377.71 | ||||
441 | THORNBURG MORTGAGETHB2007-2 | 27 | $ | 16,317,286.92 | ||||
442 | THORNBURG MORTGAGETHB2007-3 | 11 | $ | 6,361,952.90 | ||||
443 | THORNBURG MORTGAGETHB2007-4 | 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 | ||||
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$12,404,784,921.55 | ||||||||
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