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RAAC Series 2007 SP2 Trust – ‘10-K’ for 12/31/07 – ‘EX-33.7’

On:  Monday, 3/31/08, at 6:53am ET   ·   For:  12/31/07   ·   Accession #:  1193125-8-70043   ·   File #:  333-140609-03

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/31/08  RAAC Series 2007 SP2 Trust        10-K       12/31/07   24:738K                                   Donnelley … Solutions/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Form 10-K - Raac Series 2007 - Sp2 Trust            HTML     87K 
 3: EX-33.1     Report on Assessment of Compliance                  HTML     77K 
 4: EX-33.2     Report on Assessment of Compliance                  HTML    104K 
 5: EX-33.3     Report on Assessment of Compliance                  HTML     76K 
 6: EX-33.4     Report on Assessment of Compliance                  HTML     21K 
 7: EX-33.5.1   Report on Assessment of Compliance                  HTML    113K 
 8: EX-33.5.2   Report on Assessment of Compliance                  HTML     14K 
 9: EX-33.5.3   Report on Assessment of Compliance                  HTML     19K 
10: EX-33.6     Report on Assessment of Compliance                  HTML     52K 
11: EX-33.7     Report on Assessment of Compliance                  HTML     15K 
12: EX-34.1     Attestation Report of Pricewaterhousecoopers LLP    HTML     15K 
13: EX-34.2     Attestation Report of Pricewaterhousecoopers LLP    HTML     16K 
14: EX-34.3     Attestation Report of Pricewaterhousecoopers LLP    HTML     16K 
15: EX-34.4     Attestation Report of Pricewaterhousecoopers LLP    HTML     15K 
16: EX-34.5.1   Attestation Report of Deloitte & Touche LLP         HTML     18K 
17: EX-34.5.2   Attestation Report of Grant Thornton LLP            HTML     14K 
18: EX-34.5.3   Attestation Report of Ernst & Young LLP             HTML     15K 
19: EX-34.6     Attestation Report of Pricewaterhousecoopers LLP    HTML     16K 
20: EX-34.7     Attestation Report of Kpmg LLP                      HTML     16K 
21: EX-35.1     Servicer Compliance Statement of Residential        HTML     11K 
22: EX-35.2     Servicer Compliance Statement of Gmac               HTML     10K 
23: EX-35.3     Servicer Compliance Statement of Homecomings        HTML     11K 
24: EX-35.4     Servicer Compliance Statement of Litton             HTML     12K 
 2: EX-31.1     Certification of Residential Funding Company, LLC   HTML     14K 


EX-33.7   —   Report on Assessment of Compliance


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Report on Assessment of Compliance  

Exhibit 33.7

 

[Letterhead of Wells Fargo Bank, National Association]     Wells Fargo Bank, NA
    Document Custody
    1015 – 10th Avenue SE
    Minneapolis, MN 55014

ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICING CRITERIA

Corporate Trust Services division of Wells Fargo Bank, National Association (the “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. The Company has determined that the servicing criteria are applicable in regards to the servicing platform as of and for the period as follows:

Platform: Publicly-issued (i.e., transaction-level reporting required under the Securities Exchange Act of 1934, as amended) residential mortgage-backed securities and commercial mortgage-backed securities issued on or after January 1, 2006 for which the Company provides document custody services, excluding any publicly issued transactions issued by any government sponsored entity (the “Platform”).

Applicable Servicing Criteria: The servicing criteria set forth in Item 1122(d)(1)(iv), 1122(d)(4)(i) and 1122(d)(4)(ii), in regard to the activities performed by the Company with respect to the Platform (the “Applicable Servicing Criteria”). Management of the Company has determined that all other servicing criteria set forth in Item 1122(d) are not applicable to the Platform.

Period: As of and for the twelve months ended December 31, 2007 (the “Period”).

With respect to the Platform and the Period, the Company provides the following assessment of compliance with respect to the Applicable Servicing Criteria:

1. The Company is responsible for assessing its compliance with the Applicable Servicing Criteria.

2. The Company has assessed compliance with the Applicable Servicing Criteria. In performing this assessment, the Company used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

3. Based on such assessment, as of and for the Period, the Company has complied, in all material respects with the Applicable Servicing Criteria.

KPMG LLP, a registered public accounting firm, has issued an attestation report with respect to the Company’s assessment of compliance as of and for the Period.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION
By:  

/s/ Shari Gillund

Name:   Shari Gillund
Its:   Senior Vice President
Dated:   February 29, 2008

Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/31/08None on these Dates
2/29/08
For Period End:12/31/07
1/1/06
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Filing Submission 0001193125-08-070043   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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