Specifically, such reports agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the servicer. To the best of my knowledge, based on such review, KRECM has fulfilled all of its obligations under the Agreement in all material respects throughout the reporting period. These reconciliations B Are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specificied in the transaction agreement and D Contain explanations for reconciling items. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1 b 1 of the Securities Exchange Act. Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance based on our examination. Management of Column Financial, Inc. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions.
In our opinion, except for the material noncompliance described above, the Company complied, in all material respects, with the aforementioned servicing criteria as of and for the year ended December 31, Delinquencies, charge-offs and X uncollectible accounts are recognized and recorded in accordance with the d 4 xiv transaction agreements. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [X] Smaller reporting company [ ] Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Act. List hereunder the following documents if incorporated by reference and the Part of the Form K e. CSI has complied in all material respects with the Applicable Servicing Criteria as of December 31, and for the Reporting Period with respect to the Platform taken as a whole. PricewaterhouseCoopers LLP, an independent registered public accounting firm, has issued an attestation report on Midland’s assessment of compliance with the applicable servicing criteria as of and for the year ended December 31, Servicing criterion d 4 i is applicable to the activities the Company performs with respect to the Platform only as it relates to the review and approval of any release, non-scheduled reduction or draw of letters of credit which serve as collateral for certain individual pool assets.
Third parties classified as vendors: Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report.
Aruba Casino Management currently operates the casino.
We believe that our examination provides a reasonable basis for our opinion. The material instances of noncompliance disclosed in the NTS Assessment are as follows: Management has determined that the servicing criteria set forth in Item d 1 iid 1 ivd 4 id 4 ii and d 4 iii are applicable to the activities performed by the Company with respect to the Document Custody Platform as of and for the twelve months ended December 31, ; provided however that, with respect to the Document Custody Platform, servicing criterion d 4 iii is applicable only as it relates to the Company’s obligation to review and maintain the required loan documents related to any additions, removals or substitutions in accordance with the transaction agreements the “Applicable Servicing Criteria”as of and for the twelve months ended December 31, UBSRES is currently engaged in litigation with respect to various legacy residential mortgage-backed securities transactions.
During the reporting period, certain reconciliations were not completed within 30 calendar days after the bank statement cutoff date.
De-listing of the Notes
Payments on mortgage loans, including any X payoffs, made in accordance with related [pool asset] documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items e. Directors, Executive Officers and Corporate Governance. As permitted by Interpretation However, losses to certain B-note components have improved since Fitch’s last rating action.
A detailed list of rating actions follows at the end of this release.
Pursuant to the requirements of Section 13 or 15 d of the Securities Exchange Act ofthe registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Ahale Wachovia Bank, National Association, a master servicer under the Pooling and Servicing Agreement, the report on assessment of compliance with the servicing criteria and attestation report attached hereto under Item 15 describe the following instances of material noncompliance:. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the servicing criteria based on our examination.
Any material instances of noncompliance described in such reports have been disclosed in this report on Form K.
De-listing of the Notes – RNS – London Stock Exchange
Series C5 Master Servicer. The reports on assessment of compliance with the servicing criteria for asset-backed securities and the related attestation reports on such assessments wuale compliance are attached hereto under Item X X sss sss d 4 vii Loss mitigation or recovery actions e. Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts.
Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. In the first quarter of Management will also complete installation of bnak Treasury Workstation system, which allows for the automation of daily reconciliation allowing for review and research throughout the month instead of motgage days after a bank statement cutoff date.
TEXT-Fitch affirms Wachovia 2006-WHALE 7
Barnes Vice President 3. In our opinion, except for the material noncompliance described above, CWCapital Asset Management LLC complied, in all material respects, with the aforementioned servicing criteria as of and for the twelve months ended December 31, A a review of such Trust Advisor activities during the preceding calendar year and of such Operating Advisor performance under this Agreement, has been made under such officer’s supervision and.
Management is solely responsible for determining that the Company meets the SEC requirements to apply Interpretation The listed documents should be clearly described for whalr purposes e.
As described in the accompanying Assessment of Compliance With the Applicable Servicing Criteria, for servicing criterion d 4 ithe Company has engaged a vendor to perform the activities required by this servicing criterion.
Pool Asset Administration d 4 i Collateral or security on pool assets X is maintained as required by the transaction agreements or related mortgage loan documents.
Should you have any questions, eeries do not hesitate to contact us. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the applicable servicing criteria based on our examination.
Wachovia Bank Commercial Mortgage Trust WHALE 8 Credit Rating – Moody’s
X d 4 xiv Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. The Broadreach Pool was originally collateralized approximately 1. B to the best of such officer’s knowledge, based on such review, such Trust Advisor has fulfilled all its obligations under whalee Agreement, in all material respects throughout such year.
Morggage A to the accompanying Management’s Assessment identifies the commercial mortgage pools and other structures involving the commercial loans defined by management as constituting the Platform.
Exchange Commission for all commercial mortgage-backed securitization transactions publicly. Yes [ ] No [ X ] Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 d of the Act.