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. 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, 2021 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, 2021 (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. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------|

 

 

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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 |
|           | Karen Montbach    |
| Its:           | Managing Director |

 

Dated: February 28, 2022

 

 

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Appendix A

 

Mortgage-backed Transactions and Securities Constituting the Platform

 

|                               |                               |                               |
|-------------------------------|-------------------------------|-------------------------------|
| Deal Name                     | Deal Name                     | Deal Name                     |
| AHMA 2006-3                   | CMLTI 2006-NC2                | CMSI Mtge PasThru Cert 08-1   |
| AHMA 2006-4                   | CMLTI 2006-WF1                | CMSREMIC pass-thru,06-3       |
| BAFC 2007-6                   | CMLTI 2006-WF2                | CMSREMIC pass-thru06-1        |
| Citi Resi Mtge Sec 07-2 REMIC | CMLTI 2006-WFHE1              | CMSREMIC pass-thru06-6        |
| Citi Resi Mtge Sec REMIC 06-2 | CMLTI 2006-WFHE3              | CSMC 2012-9                   |
| Citi Resi Mtge Sec,07-1 REMIC | CMLTI 2006-WFHE4              | HALO 07-1                     |
| Citi Resid Mtge Sec06-3 REMIC | CMLTI 2006-WMC1               | HALO 2006-2                   |
| Citi RMtge Sec REMIC 06-1     | CMLTI 2007-AHL1               | HALO 2007-AR1                 |
| CitiMTGE Alt Ln TR 06-A1      | CMLTI 2007-AHL2               | HALO 2007-WF1                 |
| CitiMtge Alt Ln Tr 06A2 REMIC | CMLTI 2007-AMC1               | HASCO 06-HE2 HSI Asset 06-HE2 |
| CitiMtge Alt Ln Tr 06-A3      | CMLTI 2007-AMC3               | HASCO07-OPT1 Mtge pass-thru   |
| CitiMtge Alt Ln Tr 06-A4-Remi | CMLTI 2007-WFHE1              | LMT 2006-1                    |
| CitiMtge Alt Ln Tr 07-A5 REMI | CMLTI 2007-WFHE2              | LMT 2006-3                    |
| CitiMtge Alt Ln Tr REMIC 07A3 | CMLTI 2007-WFHE3              | LMT 2006-4                    |
| CitiMtge Alt Ln Tr06-A5 REMIC | CMLTI 2007-WFHE4              | PHH Mtge 2006-1 RMBS          |
| CitiMtge Alt Ln Tr06-A6 Sr sb | CMLTI-07-2 Mtge Pass Thru CRT | PHH Mtge 2006-2 RMBS          |
| CitiMtge Alt Ln Tr06-A7 Sr Su | CMS 06-4 REMIC PTC            | PHH Mtge 2006-3 RMBS          |
| CitiMtge Alt Ln Tr07-A1 SrSub | CMS 06-7 REMIC PTC            | PHH Mtge 2006-4 RMBS          |
| CitiMtge Alt Ln Tr07-A2 REMIC | CMS 07-1 Sr and Sub REMIC PTC | PHH Mtge 2007-1 RMBS          |
| CitiMtge Alt Ln Tr07-A4 SrSub | CMS 07-2 REMIC PTC            | PHH Mtge 2007-2 RMBS          |
| CitiMtge Alt Ln Tr07-A6       | CMS 07-3 REMIC PTC            | PHH Mtge 2007-3 RMBS          |
| CitiMtge Alt Ln Tr07-A7 SrSub | CMS 07-4 REMIC pass-thru      | PHH Mtge 2007-4 RMBS          |
| CitiMtge Alt Ln Tr07-A8 SrSub | CMS 07-6 Sr and Sub REMIC PTC | PHH Mtge 2007-5 RMBS          |
| CMLTI  2006-WFHE2   | CMS 07-7 REMIC pass-thru      | PHH Mtge 2007-6 RMBS          |
| CMLTI 07-AHL3                 | CMS 07-8 REMIC PTC            | PMT 2013-J1                   |
| CMLTI 2006-AMC1               | CMS 07-9 REMIC pass-thru      | SASCO BNC 07-3                |
| CMLTI 2006-HE1                | CMS06-5 REMIC pass-thru       | SASCO Lehman XS 07-11         |
| CMLTI 2006-HE2                | CMSCMS REMIC 07-5             | SASCO Lehman XS 2006-1        |
| CMLTI 2006-HE3                | CMSCMSI 06-2 REMIC pass-thru  | SASCO Lehman XS 2006-13       |
| CMLTI 2006-NC1                | CMSI 2008-2                   | SASCO Lehman XS 2006-17       |

 

 

 

----

 

 

 

|                            |               |               |
|----------------------------|---------------|---------------|
| Deal Name                  | Deal Name     | Deal Name     |
| SASCO Lehman XS 2006-5     | SEMT 2016-1   | SEMT 2019-CH2 |
| SASCO Lehman XS 2006-7     | SEMT 2016-2   | SEMT 2019-CH3 |
| SASCO Lehman XS 2006-9     | SEMT 2016-3   | SEMT 2020-1   |
| SASCO Mtge pass-thru,06-3H | SEMT 2017-1   | SEMT 2020-2   |
| SASCO Mtge pass-thru,06-S2 | SEMT 2017-2   | SEMT 2020-3   |
| SASCO Mtge pass-thru,06-S4 | SEMT 2017-3   | SEMT 2020-4   |
| SASCO Mtge pass-thru06-S3  | SEMT 2017-4   | SEMT 2020-5   |
| SEMT 2012-2                | SEMT 2017-5   | SEMT 2020-MC1 |
| SEMT 2012-3                | SEMT 2017-6   | SEMT 2021-08  |
| SEMT 2012-4                | SEMT 2017-7   | SEMT 2021-1   |
| SEMT 2012-5                | SEMT 2017-CH1 | SEMT 2021-2   |
| SEMT 2012-6                | SEMT 2017-CH2 | SEMT 2021-3   |
| SEMT 2013-1                | SEMT 2018-1   | SEMT 2021-4   |
| SEMT 2013-10               | SEMT 2018-2   | SEMT 2021-5   |
| SEMT 2013-11               | SEMT 2018-3   | SEMT 2021-6   |
| SEMT 2013-12               | SEMT 2018-4   | SEMT 2021-7   |
| SEMT 2013-2                | SEMT 2018-5   | SEMT 2021-9   |
| SEMT 2013-3                | SEMT 2018-6   | SEMT2013-9    |
| SEMT 2013-4                | SEMT 2018-7   | WAMU 2007-HE2 |
| SEMT 2013-6                | SEMT 2018-8   | WAMU 2007-HE3 |
| SEMT 2013-7                | SEMT 2018-CH1 | WAMU 2007-HE4 |
| SEMT 2013-8                | SEMT 2018-CH2 |          |
| SEMT 2014-1                | SEMT 2018-CH3 |          |
| SEMT 2014-2                | SEMT 2018-CH4 |          |
| SEMT 2014-3                | SEMT 2019-1   |          |
| SEMT 2014-4                | SEMT 2019-2   |          |
| SEMT 2015-1                | SEMT 2019-3   |          |
| SEMT 2015-2                | SEMT 2019-4   |          |
| SEMT 2015-3                | SEMT 2019-5   |          |
| SEMT 2015-4                | SEMT 2019-CH1 |          |

 

 

 

 

 

----

 

 

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 |
| CMLTI 2006-AR1                | 12/27/2021     |
| CMLTI 2006-AR9                | 12/27/2021     |
| CMLTI 2007-10                 | 11/26/2021     |
| CMLTI 2007-AR4                | 12/27/2021     |
| CMLTI 2007-AR5                | 12/27/2021     |
| CMLTI 2007-AR8                | 12/27/2021     |
| CMLTI 2008-2                  | 12/27/2021     |
| CMLTI06-4 Mtge pass-thru      | 11/26/2021     |
| CMLTI06-AR2 MBCerts           | 10/25/2021     |
| CMLTI06-AR3 Mtge pass-thru    | 11/26/2021     |
| CMLTI06-AR5 Mtge pass-thru    | 11/26/2021     |
| CMLTI06-AR6 Mtge Pass-ThruCRT | 10/25/2021     |
| CMLTI06-AR7 Mtge pass-thru    | 10/25/2021     |
| CMLTI07-6, Mtge pass-thru     | 11/26/2021     |
| CMLTI07-AR1 Mtge pass-thru    | 10/25/2021     |
| CMLTI07-AR7 Mtge pass-thru    | 10/25/2021     |

 

2As 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.