EX-35.2
(logo) FIRST REPUBLIC BANK
It's a privilege to serve you

Feb 28, 2013

Servicer Compliance Statement
For SEMT 2012-1


(i) a review of the Servicer's activities during the immediately preceding
calendar year and of its performance under the Agreement and the Reconstitution
Agreement from the above referenced trust during such period has been made
under such officer's supervision, and
(ii) To the best of such officers' knowledge, based on such review, the
Servicer has fulfilled all of its obligations under the Agreement and the
Reconstitution Agreement for the above referenced trsut in all material
respects throughout such calendar year.

First Republic Bank

/s/ Lionel Antunes
Lionel Antunes
Vice President of Residential Lending
February 28, 2013

San Francisco  Palo Alto  Los Angeles  Santa Barbara  Newport Beach  San Diego
Portland  Boston  Greenwich  New York


111 PINE STREET, SAN FRANCISCO, CALIFORNIA 94111, TEL (415) 392-1400 OR
(800) 392-1400, FAX (415) 392-1413

CONVENIENT INTERNET BANKING AT www.firstrepublic.com * MEMBER FDIC