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Lehman Mortgage Trust 2007-6 – ‘10-K’ for 12/31/07 – ‘EX-33’

On:  Friday, 3/28/08, at 12:52pm ET   ·   For:  12/31/07   ·   Accession #:  1019965-8-105   ·   File #:  333-133985-79

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

 3/28/08  Lehman Mortgage Trust 2007-6      10-K       12/31/07   26:270K                                   First Sec … Reporting/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML     39K 
 3: EX-33       Ex - 33A - Aurora, as Master Servicer               HTML     53K 
 4: EX-33       Ex - 33B - Aurora, as Servicer                      HTML     55K 
 5: EX-33       Ex - 33C - Lasalle, as Custodian                    HTML     35K 
 6: EX-33       Ex - 33D - National, as Servicer                    HTML     19K 
 7: EX-33       Ex - 33E - Newport, as Sub-Contractor               HTML     17K 
 8: EX-33       Ex - 33F - Phh Mortgage, as Servicer                HTML     13K 
 9: EX-33       Ex - 33G - Regulus, as Sub-Contractor               HTML     13K 
10: EX-33       Ex - 33H - U.S. Bank, as Trustee & Paying Agent &   HTML     40K 
                          Custodian                                              
11: EX-33       Ex - 33I - Wells, as Custodian                      HTML     15K 
12: EX-33       Ex - 33J - Westlake, as Sub-Contractor              HTML     12K 
13: EX-34       Ex - 34A - Aurora, as Master Servicer               HTML     15K 
14: EX-34       Ex - 34B - Aurora, as Servicer                      HTML     18K 
15: EX-34       Ex - 34C - Lasalle, as Custodian                    HTML     17K 
16: EX-34       Ex - 34D - National, as Servicer                    HTML     16K 
17: EX-34       Ex - 34E - Newport, as Sub-Contractor               HTML     16K 
18: EX-34       Ex - 34F - Phh Mortgage, as Servicer                HTML     17K 
19: EX-34       Ex - 34G - Regulus, as Sub-Contractor               HTML     15K 
20: EX-34       Ex - 34H - U.S. Bank, as Trustee & Paying Agent &   HTML     16K 
                          Custodian                                              
21: EX-34       Ex - 34I - Wells, as Custodian                      HTML     15K 
22: EX-34       Ex - 34J - Westlake, as Sub-Contractor              HTML     13K 
23: EX-35       Ex - 35A - Aurora, as Master Servicer               HTML     13K 
24: EX-35       Ex - 35B - Aurora, as Servicer                      HTML     16K 
25: EX-35       Ex - 35C - National, as Servicer                    HTML     18K 
26: EX-35       Ex - 35D - Phh Mortgage, as Servicer                HTML     16K 
 2: EX-31       Ex - 31 Rule 13A-14(D)/15D-14(D) Certifications     HTML     13K 


EX-33   —   Ex – 33H – U.S. Bank, as Trustee & Paying Agent & Custodian


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



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Management's Assertion
Report on Compliance with Applicable Servicing Criteria Pursuant to Item 1122
of Regulation AB under the Securities Exchange Act of 1934


U.S. Bank National Association ("U.S. Bank") as a party participating in the servicing function
for the following transactions:
U.S. Bank Corporate Trust Asset Backed Securities Platform
1

hereby provides the following report on its assessment of compliance with the servicing criteria
set forth in Item 1122 of Regulation AB applicable to it and as described on Exhibit A hereto:
1.
U.S. Bank is responsible for assessing its compliance with the servicing criteria
applicable to it as noted on the accompanying Exhibit A;

2.
U.S. Bank used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to
assess its compliance with the applicable servicing criteria ;
3.
U.S. Bank's assessment of its compliance with the applicable servicing criteria is as of
and for the period beginning on January 1, 2007 and ending December 31, 2007, the end
of the fiscal year covered by the Form 10-K report. U.S. Bank's participation in the
servicing function complied in all material respects with the applicable servicing criteria .
4. Ernst & Young, a registered public accounting firm, has issued an attestation report on
U.S. Bank's assessment of compliance with the applicable servicing criteria as of and for
the period beginning on January 1, 2007 and ending December 31, 2007, the end of the
fiscal year covered by the Form 10-K report.


U.S. BANK NATIONAL ASSOCIATION


Title: President

1
The U.S. Bank Corporate Trust ABS Platform (the "Platform") consists of the activities involved in the
performance of servicing functions for (i) publicly issued asset-backed and mortgage backed transactions
the securities of which were offered on or after January 1, 2006 and (ii) certain asset backed transactions
offered prior to January 1, 2006 for which the Issuer has voluntarily elected to make Regulation AB
compliant filings under the Securities Exchange Act of 1934, as amended. The Platform does not include
transaction comprised of the repackaging of corporate debt and/or other agency securities.
Corporate Trust ABS Platform (B)
1
EXHIBIT A to Management's Assertion
Reference
Servicing Criteria
Applicable
Servicing
Criteria
Inapplicable
Servicing
Criteria
General Servicing Considerations

1122(d)(1)(i)

Policies and procedures are instituted to monitor any performance or other triggers
and events of default in accordance with the transaction agreements.
X


1122(d)(1)(ii)

If any material servicing activities are outsourced to third parties, policies and
procedures are instituted to monitor the third party's performance and compliance
with such servicing activities.
X


1122(d)(1)(iii)

Any requirements in the transaction agreements to maintain a back-up servicer for
the Pool Assets are maintained.

X

1122(d)(1)(iv)

A fidelity bond and errors and omissions policy is in effect on the party
participating in the servicing function throughout the reporting period in the amount
of coverage required by and otherwise in accordance with the terms of the
transaction agreements.
X

Cash Collection and Administration
1122(d)(2)(i)
Payments on pool assets are deposited into the appropriate custodial bank accounts
and related bank clearing accounts no more than two business days following
receipt, or such other number of days specified in the transaction agreements.
X

1122(d)(2)(ii)

Disbursements made via wire transfer on behalf of an obligor or to an investor are
made only by authorized personnel.
X

1122(d)(2)(iii)
Advances of funds or guarantees regarding collections, cash flows or distributions,
and any interest or other fees charged for such advances, are made, reviewed and
approved as specified in the transaction agreements.
X

1122(d)(2)(iv)

The related accounts for the transaction, such as cash reserve accounts or accounts
established as a form of over collateralization, are separately maintained (e.g., with
respect to commingling of cash) as set forth in the transaction agreements.
X


1122(d)(2)(v)

Each custodial account is maintained at a federally insured depository institution as
set forth in the transaction agreements. 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.
X

1122(d)(2)(vi)
Unissued checks are safeguarded so as to prevent unauthorized access.
X
1122(d)(2)(vii)

Reconciliations are prepared on a monthly basis for all asset-backed securities
related bank accounts, including custodial accounts and related bank clearing
accounts. These reconciliations are (A) mathematically accurate; (B) prepared
within 30 calendar days after the bank statement cutoff date, or such other number
of days specified in the transaction agreements; (C) reviewed and approved by
someone other than the person who prepared the reconciliation; and (D) contain
explanations for reconciling items. These reconciling items are resolved within 90
calendar days of their original identification, or such other number of days specified
in the transaction agreements.
X

Corporate Trust ABS Platform (B)
2
Reference
Servicing Criteria
Applicable
Servicing
Criteria
Inapplicable
Servicing
Criteria
Investor Remittances and Reporting
1122(d)(3)(i)
Reports to investors, including those to be filed with the Commission, are
maintained in accordance with the transaction agreements and applicable
Commission requirements. Specifically, such reports (A) are prepared in
accordance with timeframes and other terms set forth in the transaction
agreements; (B) provide information calculated in accordance with the terms
specified in the transaction agreements; (C) are filed with the Commission as
required by its rules and regulations; and (D) agree with investors' or the
trustee's records as to the total unpaid principal balance and number of Pool
Assets serviced by the Servicer.
X

1122(d)(3)(ii)

Amounts due to investors are allocated and remitted in accordance with
timeframes, distribution priority and other terms set forth in the transaction
agreements.
X

1122(d)(3)(iii)

Disbursements made to an investor are posted within two business days to the
Servicer's investor records, or such other number of days specified in the
transaction agreements.
X


1122(d)(3)(iv)

Amounts remitted to investors per the investor reports agree with cancelled
checks, or other form of payment, or custodial bank statements.
X

Pool Asset Administration

1122(d)(4)(i)

Collateral or security on pool assets is maintained as required by the transaction
agreements or related pool asset documents.
X


1122(d)(4)(ii)

Pool assets and related documents are safeguarded as required by the
transaction agreements.
X


1122(d)(4)(iii)

Any additions, removals or substitutions to the asset pool are made, reviewed
and approved in accordance with any conditions or requirements in the
transaction agreements.
X

1122(d)(4)(iv)
Payments on pool assets, including any payoffs, made in accordance with the
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.g., escrow) in accordance with the related pool asset
documents.
X

1122(d)(4)(v)

The Servicer's records regarding the pool assets agree with the Servicer's
records with respect to an obligor's unpaid principal balance.

X

1122(d)(4)(vi)

Changes with respect to the terms or status of an obligor's pool assets (e.g., loan
modifications or re-agings) are made, reviewed and approved by authorized
personnel in accordance with the transaction agreements and related pool asset
documents.

X
1122(d)(4)(vii)
Loss mitigation or recovery actions (e.g., forbearance plans, modifications and
deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are
initiated, conducted and concluded in accordance with the timeframes or other
requirements established by the transaction agreements.
X
Corporate Trust ABS Platform (B)
3
Reference
Servicing Criteria
Applicable
Servicing
Criteria
Inapplicable
Servicing
Criteria

1122(d)(4)(viii)

Records documenting collection efforts are maintained during the period a pool
asset is delinquent in accordance with the transaction agreements. Such records
are maintained on at least a monthly basis, or such other period specified in the
transaction agreements, and describe the entity's activities in monitoring
delinquent pool assets including, for example, phone calls, letters and payment
rescheduling plans in cases where delinquency is deemed temporary (e.g.,
illness or unemployment).

X

1122(d)(4)(ix)

Adjustments to interest rates or rates of return for pool assets with variable rates
are computed based on the related pool asset documents.

X

1122(d)(4)(x)

Regarding any funds held in trust for an obligor (such as escrow accounts): (A)
such funds are analyzed, in accordance with the obligor's pool asset documents,
on at least an annual basis, or such other period specified in the transaction
agreements; (B) interest on such funds is paid, or credited, to obligors in
accordance with applicable pool asset documents and state laws; and (C) such
funds are returned to the obligor within 30 calendar days of full repayment of
the related pool assets, or such other number of days specified in the transaction
agreements.

X

1122(d)(4)(xi)

Payments made on behalf of an obligor (such as tax or insurance payments) are
made on or before the related penalty or expiration dates, as indicated on the
appropriate bills or notices for such payments, provided that such support has
been received by the servicer at least 30 calendar days prior to these dates, or
such other number of days specified in the transaction agreements.

X

1122(d)(4)(xii)

Any late payment penalties in connection with any payment to be made on
behalf of an obligor are paid from the Servicer's funds and not charged to the
obligor, unless the late payment was due to the obligor's error or omission.

X

1122(d)(4)(xiii)

Disbursements made on behalf of an obligor are posted within two business
days to the obligor's records maintained by the servicer, or such other number
of days specified in the transaction agreements.

X

1122(d)(4)(xiv)

Delinquencies, charge-offs and uncollectible accounts are recognized and
recorded in accordance with the transaction agreements.

X

1122(d)(4)(xv)

Any external enhancement or other support, identified in Item 1114(a)(1)
through (3) or Item 1115 of Regulation AB, is maintained as set forth in the
transaction agreements.
X



Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/28/08None on these Dates
2/12/08
For Period End:12/31/07
1/1/07
1/1/06
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Filing Submission 0001019965-08-000105   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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