Exhibit 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.

 

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 toManagement’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. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|