Exhibit 33.2
FIRST REPUBLIC BANK
It’s a privilege to serve you*
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, 2018. 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, 2018. 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, 2018, 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, 2018.
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
FIRST REPUBLIC BANK
It’s a privilege to serve you*
/s/ Michael J. Roffler | 2/27/19 | |
Michael J. Roffler | Date | |
Executive Vice President and Chief Financial Officer | ||
/s/ Nancy Segreto | 2/26/19 | |
Nancy Segreto SeniorVicePresident, Lending Services | Date | |
/s/ John Glander | 2/27/19 | |
John Glander Vice President, Lending Strategies, Products, and Sales | Date |
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
First Republic Bank Servicing Portfolio
Appendix A to Management Assesment
Investor # | Investor Name | Loan Count | Balance | |||||
120 | Redwood Trust (Bear Stearns) | 17 | $ | 9,922,194.01 | ||||
122 | Sequioa2007-2 | 32 | $ | 29,318,440.13 | ||||
123 | SEMT2007-3 | 7 | $ | 8,156,041.77 | ||||
124 | CSMC Trust 2014-SAF1 | 1 | $ | 712,511.88 | ||||
126 | MTGLQ Investors, L.P. | 3 | $ | 1,004,803.26 | ||||
127 | CIT Bank | 410 | $ | 298,429,435.19 | ||||
128 | Sequoia Mortgage Trust2014-1 | 31 | $ | 25,522,746.19 | ||||
129 | STIFEL BANK & TRUST | 1016 | $ | 1,093,613,333.58 | ||||
131 | Morgan Stanley Mortgage | 3 | $ | 2,432,685.22 | ||||
132 | JP Morgan Mortgage Trust2014-2 | 229 | $ | 78,714,627.20 | ||||
133 | Sequoia Mortgage Trust2013-12 | 23 | $ | 16,433,796.09 | ||||
134 | CSMC 2014-IVR3 | 49 | $ | 26,026,719.67 | ||||
135 | Citizens Bank, N.A And Various | 2 | $ | 1,229,363.04 | ||||
136 | MSRM Loan Trust2014-1 | 149 | $ | 117,188,997.21 | ||||
137 | Sequoia Mortgage Trust2014-3 | 43 | $ | 34,307,495.96 | ||||
138 | J.P. Morgan Trust 2014-IVR3 | 46 | $ | 60,128,591.46 | ||||
141 | Delta Community Credit Union | 15 | $ | 13,849,781.66 | ||||
142 | Sequoia Mortgage Trust2013-12 | 33 | $ | 29,200,582.91 | ||||
143 | CSMC Trust 2014-IVR1 | 8 | $ | 6,816,202.38 | ||||
145 | JP Morgan Mortgage TR2014-1 | 30 | $ | 24,953,479.29 | ||||
146 | Florida Community Bank, N.A. | 70 | $ | 57,123,795.75 | ||||
147 | Citizens Bank of Pennsylvania | 18 | $ | 13,794,209.59 | ||||
149 | Hudson Valley Bank | 4 | $ | 5,095,580.86 | ||||
151 | CMSC Trust2013-7 | 1 | $ | 791,162.00 | ||||
152 | Sequoia Mortgage Trust2013-11 | 12 | $ | 9,696,937.98 | ||||
153 | Sequoia Mortgage Trust2013-10 | 2 | $ | 989,823.61 | ||||
154 | CSMC Trust2013-6 | 15 | $ | 16,676,365.03 | ||||
155 | JP Morgan Mortgage Trust2013-3 | 98 | $ | 95,176,259.96 | ||||
156 | NRPMortgageTrust2013-1 | 345 | $ | 288,489,206.84 | ||||
157 | CSMC Trust 2013-HYB1 | 145 | $ | 131,783,302.78 | ||||
158 | CSMC Trust 2013-IVR4 | 28 | $ | 25,989,290.53 | ||||
162 | Citigroup Mortgage Loan Trust Series2005-6 | 13 | $ | 5,546,979.08 | ||||
163 | SAMI II2005-AR2 | 50 | $ | 40,467,121.50 | ||||
164 | MLCC2005-3 | 19 | $ | 11,681,921.37 | ||||
165 | MLMI2005-A10 | 21 | $ | 20,967,938.34 | ||||
166 | Redwood Residential Acquisition Corp | 12 | $ | 8,956,191.76 | ||||
169 | Sequoia Mortgage Trust2012-1 | 25 | $ | 18,592,581.73 | ||||
172 | SEMT2012-2 | 31 | $ | 24,118,498.36 | ||||
173 | SEMT2013-1 | 12 | $ | 12,386,335.33 | ||||
174 | Sequoia Mortgage Trust2012-3 | 41 | $ | 35,412,611.59 | ||||
175 | Harbor View2003-2(formerly Greenwich) | 4 | $ | 924,055.17 | ||||
176 | Harbor View2004-1(formerly Greenwich) | 13 | $ | 4,739,106.40 | ||||
177 | Harbor View2004-5(formerly Greenwich) | 4 | $ | 2,330,952.32 | ||||
178 | Harbor View2006-6 | 1 | $ | 343,006.20 | ||||
181 | Sequoia Mortgage Trust2012-5 | 42 | $ | 35,335,997.08 | ||||
182 | Sequoia Mortgage Trust2013-2 | 211 | $ | 175,913,201.25 | ||||
183 | Sequoia Mortgage Trust2013-3 | 57 | $ | 48,433,622.75 | ||||
184 | Sequoia Mortgage Trust2013-4 | 47 | $ | 45,811,386.13 | ||||
185 | MASTI2003-4 (formerly UBS Warburg) | 2 | $ | 393,017.61 | ||||
187 | Sequoia Mortgage Trust2013-7 | 10 | $ | 7,525,964.40 | ||||
188 | Sequoia Mortgage Trust2013-8 | 4 | $ | 2,135,136.64 | ||||
189 | CSMC Trust 2013-IVR3 | 25 | $ | 25,881,817.48 | ||||
194 | TIAA-CREF Trust Company, FSB | 274 | $ | 147,920,833.63 | ||||
195 | MLMI2005-A1 | 8 | $ | 2,988,433.31 | ||||
196 | Merrill Lynch Bank | 9 | $ | 5,490,754.30 | ||||
197 | MLCC2006-2 | 30 | $ | 12,587,500.15 | ||||
199 | Sequoia Mortgage Trust2012-4 | 23 | $ | 19,823,451.33 | ||||
200 | Sequoia Mortgage Trust2012-6 | 19 | $ | 16,687,888.44 | ||||
201 | JP Morgan Mortgage Acq. Corp. | 274 | $ | 219,756,264.76 | ||||
204 | JP Morgan Mortgage Trust2013-1 | 171 | $ | 85,557,951.09 | ||||
207 | CSMC Trust 2013-IVR1 | 75 | $ | 58,436,339.21 | ||||
209 | CSMC Trust 2013-IVR2 | 133 | $ | 111,167,451.94 | ||||
215 | Bank United N.A. | 5 | $ | 3,671,171.73 | ||||
216 | North Valley Bank | 5 | $ | 4,467,111.86 | ||||
217 | Signature Bank | 7 | $ | 11,228,111.44 | ||||
244 | CIT Bank | 1 | $ | 256,547.50 | ||||
248 | Washington Mutual Bank, Flow Sales (PNC) | 1 | $ | 268,668.78 | ||||
250 | CitiMortgage | 5 | $ | 1,119,333.11 | ||||
260 | CitiMortgage | 11 | $ | 1,799,354.36 | ||||
312 | Residential Funding | 7 | $ | 2,132,325.82 | ||||
330 | U.S. Bank | 2 | $ | 130,968.41 | ||||
356 | Thornburg2008-1 | 1 | $ | 580,670.07 | ||||
357 | Everbank | 6 | $ | 5,578,031.04 | ||||
358 | DLJ Mortgage Capital, Inc. | 1 | $ | 1,600,000.00 |
First Republic Bank Servicing Portfolio
360 | Northfield Bank | 173 | $ | 149,782,745.01 | ||||
361 | JP Morgan Trust 2014-OAK4 | 6 | $ | 6,296,556.90 | ||||
362 | JP Morgan Mortgage Trust2014-5 | 133 | $ | 66,562,230.96 | ||||
363 | Sequoia Mortgage Trust2014-4 | 92 | $ | 74,808,449.76 | ||||
364 | JP Morgan Mortgage TR2014-IVR6 | 162 | $ | 147,098,762.42 | ||||
365 | CSMC TRUST 2105-WIN1 | 5 | $ | 3,392,188.78 | ||||
366 | JP Morgan Mortgage Trust 2015-1 | 352 | $ | 325,160,567.12 | ||||
367 | Sequoia Mortgage Trust2015-1 | 91 | $ | 69,542,518.40 | ||||
368 | Nexbank SSB | 803 | $ | 798,888,034.59 | ||||
369 | CSMC Trust2015-1 | 4 | $ | 2,618,802.91 | ||||
370 | JP Morgan Mortgage TR2015-IVR2 | 240 | $ | 205,163,683.60 | ||||
371 | CSMC TRUST2015-2 | 5 | $ | 3,995,296.79 | ||||
372 | CSMC TRUST2015-3 | 5 | $ | 3,386,720.88 | ||||
373 | Dime Bank | 19 | $ | 14,004,754.83 | ||||
375 | Sequoia Mortgage Trust2015-2 | 16 | $ | 10,701,671.08 | ||||
376 | RWT FINANCIAL, LLC | 452 | $ | 372,498,403.10 | ||||
377 | CSMLT2015-1 | 17 | $ | 11,732,742.23 | ||||
378 | JP MORGAN MORTGAGE TR2015-3 | 75 | $ | 66,227,287.52 | ||||
380 | SEQUOIA MORTGAGE TR2015-3 | 38 | $ | 32,459,898.75 | ||||
381 | GUARANTY BANK & TRUST COMPANY | 83 | $ | 61,815,548.50 | ||||
382 | CSMLT2015-2 TRUST | 1 | $ | 633,688.87 | ||||
383 | Landmark Community Bank | 25 | $ | 17,653,180.60 | ||||
384 | GOLDEN PACIFIC BANK, NA | 4 | $ | 2,415,227.74 | ||||
385 | J.P. MORGAN MORTGAGE TR2015-4 | 140 | $ | 102,755,179.25 | ||||
386 | J.P. MORGAN MORTGAGE TR2015-5 | 222 | $ | 197,287,904.66 | ||||
387 | Colorado Federal Savings Bank | 135 | $ | 157,224,170.19 | ||||
390 | J.P. MORGAN MORTGAGE TR2015-6 | 67 | $ | 56,055,498.82 | ||||
391 | CSMLT2015-3 TRUST | 15 | $ | 9,282,240.70 | ||||
392 | Sequoia Mortgage Trust2015-4 | 44 | $ | 25,522,522.33 | ||||
393 | Broadway Federal Bank | 91 | $ | 77,977,976.62 | ||||
394 | Nationstar Mortgage LLC | 1 | $ | 320,674.90 | ||||
396 | Ameris Bank | 55 | $ | 52,412,060.07 | ||||
397 | Bank of the Cascades | 14 | $ | 10,181,384.93 | ||||
398 | Sequoia Mortgage Trust2016-1 | 25 | $ | 18,394,950.39 | ||||
399 | ZB, N.A. | 224 | $ | 230,483,807.65 | ||||
400 | The Washington Trust Company | 34 | $ | 20,658,444.67 | ||||
401 | J.P. Morgan Mortgage TR2016-1 | 5 | $ | 3,901,706.96 | ||||
402 | Sequoia Mortgage Trust2016-2 | 13 | $ | 13,721,237.30 | ||||
403 | J.P. Morgan Mortgage TR2016-2 | 272 | $ | 208,683,493.34 | ||||
404 | TEACHERS INSURANCE AND ANNUITY | 122 | $ | 106,833,574.81 | ||||
405 | J.P.MORGAN MORTGAGE TRUST | 176 | $ | 129,546,623.01 | ||||
407 | Sequoia Mortgage Trust2016-3 | 36 | $ | 29,962,701.97 | ||||
411 | J.P. Morgan Mortgage TR2016-5 | 303 | $ | 247,256,077.20 | ||||
412 | Sequoia Mortgage Trust2017-1 | 22 | $ | 17,330,367.45 | ||||
414 | Federal Home Mortgage Loan Association | 4 | $ | 158,800.33 | ||||
415 | FNMA MBS | 3 | $ | 99,119.42 | ||||
421 | THORNBURG MORTGAGETHB2003-2 | 4 | $ | 1,140,895.88 | ||||
422 | THORNBURG MORTGAGETHB2003-3 | 1 | $ | 803,517.32 | ||||
423 | THORNBURG MORTGAGETHB2003-4 | 2 | $ | 1,791,199.89 | ||||
424 | THORNBURG MORTGAGETHB2003-5 | 7 | $ | 5,265,984.11 | ||||
425 | THORNBURG MORTGAGETHB2003-6 | 4 | $ | 1,867,680.96 | ||||
426 | THORNBURG MORTGAGETHB2004-1 | 5 | $ | 2,175,742.34 | ||||
427 | THORNBURG MORTGAGETHB2004-2 | 10 | $ | 6,336,447.07 | ||||
428 | THORNBURG MORTGAGETHB2004-3 | 9 | $ | 5,956,458.00 | ||||
429 | THORNBURG MORTGAGETHB2004-4 | 17 | $ | 8,335,707.96 | ||||
430 | THORNBURG MORTGAGETHB2005-1 | 30 | $ | 13,624,406.27 | ||||
431 | THORNBURG MORTGAGETHB2005-2 | 15 | $ | 6,068,171.72 | ||||
432 | THORNBURG MORTGAGETHB2005-3 | 24 | $ | 14,157,080.42 | ||||
433 | THORNBURG MORTGAGETHB2005-4 | 6 | $ | 2,932,950.74 | ||||
434 | THORNBURG MORTGAGETHB2006-1 | 5 | $ | 5,138,530.17 | ||||
435 | THORNBURG MORTGAGETHB2006-2 | 8 | $ | 2,995,551.86 | ||||
436 | THORNBURG MORTGAGETHB2006-3 | 9 | $ | 6,909,012.63 | ||||
437 | THORNBURG MORTGAGETHB2006-4 | 5 | $ | 1,148,380.91 | ||||
438 | THORNBURG MORTGAGETHB2006-5 | 7 | $ | 3,539,443.93 | ||||
439 | THORNBURG MORTGAGETHB2006-6 | 23 | $ | 10,237,759.16 | ||||
440 | THORNBURG MORTGAGETHB2007-1 | 3 | $ | 3,544,600.14 | ||||
441 | THORNBURG MORTGAGETHB2007-2 | 20 | $ | 12,543,722.56 | ||||
442 | THORNBURG MORTGAGETHB2007-3 | 7 | $ | 2,333,749.69 | ||||
443 | THORNBURG MORTGAGE THB2007-4 | 2 | $ | 341,656.64 | ||||
450 | Sequoia Mortgage Trust2017-2 | 14 | $ | 13,494,629.25 | ||||
451 | Sequoia Mortgage Trust2017-3 | 6 | $ | 5,496,294.23 | ||||
452 | City Ntnl Bank of New Jersey | 15 | $ | 17,595,455.19 | ||||
453 | Amalgamated Bank | 181 | $ | 156,012,377.34 | ||||
454 | SEMT2017-4 | 36 | $ | 33,247,881.63 | ||||
455 | Cathay Bank | 84 | $ | 68,090,950.62 | ||||
456 | SEMT2017-5 | 101 | $ | 88,026,789.91 |
First Republic Bank Servicing Portfolio
457 | SEMT2017-6 | 77 | $ | 62,887,201.11 | ||||
458 | J.P. MORGAN MORTGAGE TR2017-3 | 6 | $ | 7,196,639.99 | ||||
459 | SEMT2017-CH1 | 10 | $ | 7,128,107.86 | ||||
460 | SEMT2017-7 | 49 | $ | 40,995,606.94 | ||||
461 | SEMT2017-CH2 | 15 | $ | 11,047,062.48 | ||||
462 | BMO Harris Bank NA | 83 | $ | 28,720,470.77 | ||||
463 | J.P. Morgan Mortgage Tr2017-5 | 362 | $ | 360,659,577.36 | ||||
464 | J.P. Morgan Mortgage Tr2017-6 | 5 | $ | 4,787,329.05 | ||||
465 | Sequoia Mortgage Trust2018-1 | 57 | $ | 44,217,213.49 | ||||
466 | Sequoia Mortgage Trust 2018-2 | 24 | $ | 15,994,873.85 | ||||
467 | Sequoia Mortgage Trust2018-3 | 14 | $ | 11,434,990.12 | ||||
468 | SEMT2018-CH1 | 14 | $ | 9,630,311.29 | ||||
469 | J.P. Morgan Mortgage Tr2018-3 | 26 | $ | 20,589,131.37 | ||||
470 | Sequoia Mortgage Trust2018-4 | 9 | $ | 7,379,836.19 | ||||
471 | Sequoia Mortgage Trust2018-5 | 9 | $ | 5,637,716.95 | ||||
472 | J.P. Morgan Mortgage Tr2018-4 | 3 | $ | 2,019,728.81 | ||||
473 | SEMT2018-CH2 | 2 | $ | 1,987,250.92 | ||||
474 | SEMT 2018-6 | 7 | $ | 6,795,640.99 | ||||
475 | JPMMT 2018-7FRB | 419 | $ | 399,506,568.69 | ||||
476 | SEMT2018-CH3 | 5 | $ | 3,433,567.05 | ||||
477 | SEMT2018-7 | 44 | $ | 40,475,765.20 | ||||
478 | JPMMT2018-9 | 7 | $ | 5,352,026.95 | ||||
479 | SEMT2018-7 | 10 | $ | 8,122,804.47 | ||||
480 | BankUnited N.A. | 42 | $ | 53,735,494.35 | ||||
481 | SEMT2018-CH4 | 43 | $ | 38,008,718.42 | ||||
510 | CitiMortgage | 2 | $ | 150,313.55 | ||||
515 | Fannie Mae-Laser | 5159 | $ | 1,584,981,054.27 | ||||
516 | Bank of New Canaan | 1 | $ | 1,041,499.81 | ||||
770 | Bear Stearns | 7 | $ | 1,611,948.86 | ||||
775 | AAR BART 2003-5 (Bear Stearns) | 14 | $ | 3,363,372.27 | ||||
777 | HVMLT2006-13 | 1 | $ | 630,701.90 | ||||
144 | CSMC Trust 2013-IVR5 | 0 | $ | - | ||||
180 | MASTR2003-5(formerly UBS Warburg) | 0 | $ | - | ||||
192 | CSFB2004-6 | 0 | $ | - | ||||
193 | CSFB2004-7 | 0 | $ | - | ||||
388 | Nationwide Bank | 0 | $ | - | ||||
740 | 2001-FRB1 REMIC | 0 | $ | - | ||||
614 | Federal Home Loan Mortgage Association | 1 | $ | 10,622.60 | ||||
633 | Chase Mortgage Services, Inc | 0 | $ | - | ||||
636 | Bank United of Florida | 0 | $ | - | ||||
637 | Bank of America | 1 | $ | 16,939.43 | ||||
Total | 16,609 | $ | 11,218,306,962.01 |