EX-35.3
PHH Mortgage
(logo) PHH

2001 Bishop Gate Blvd
Mount Laurel, NJ 08054


February 28, 2013

Re: Annual Compliance Statement

Attention: Servicer Compliance Team, Stephanie White
Address:   9062 Old Annapolis Road
           MAC X2302-033N2702-011
           Columbia, MD 21045

Deal Name: Sequoia 2012-1
PHH Investor code: R87
Agreement: Mortgage Loan Flow Purchase, Sale and Servicing Agreement, dated as
           of July 21, 2010 between Redwood Residential Acquisition Corporate
           and PHH Mortgage Corporation as modified by the Assignment Assumption
           and Recognition Agreement dated January 27, 2012

Dear Sir and/or Madame:

This statement of compliance is being provided in accordance with Item 1123 of
Regulation AB. The Undersigned hereby states that:

1. I am an authorized officer of PHH Mortgage Corporation (the "Servicer");

2. A review of the Servicer's activities during the period from January 1, 2012
   through December 31, 2012 (the "Reporting Period") and its performance under
   the Agreement has been made under my supervision; and

3. To the best of my knowledge, based on such review, the Servicer has fulfilled
   all of its obligations under the Agreement in all material respects
   throughout the Reporting Period.


By: /s/ Greg Bronczyk
Name: Greg Bronczyk
Title: Vice President


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