10-K 1 mab06nc1_10k-2006.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2006 OR / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 333-124678-18 MASTR Asset Backed Securities Trust 2006-NC1 (exact name of issuing entity as specified in its charter) Mortgage Asset Securitization Transactions, Inc. (depositor) (exact name of the registrant as specified in its charter) UBS Real Estate Securities Inc. (exact name of the sponsor as specified in its charter) Delaware 06-1204982 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1285 Avenue of the Americas New York, NY 10019 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 713-2000 Securities registered pursuant to Section 12(b) of the Act: NONE. Securities registered pursuant to Section 12(g) of the Act: NONE. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. 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. Yes ___ No X Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ___ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Not applicable. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer ___ Accelerated filer ___ Non-accelerated filer X Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ___ No X State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. Not applicable. Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Not Applicable. Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of December 31, 2006. Not Applicable. Documents Incorporated by Reference List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1)Any annual report to security holders; (2) Any proxy or information statement; and (3)Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980). Not applicable. PART I Item 1. Business. Not Applicable. Item 1A. Risk Factors. Not Applicable. Item 1B. Unresolved Staff Comments. None. Item 2. Properties. Not Applicable. Item 3. Legal Proceedings. Not Applicable. Item 4. Submission of Matters to a Vote of Security Holders. Not Applicable. PART II Item 5. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Not Applicable. Item 6. Selected Financial Data. Not Applicable. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Not Applicable. Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Not Applicable. Item 8. Financial Statements and Supplementary Data. Not Applicable. Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. Not Applicable. Item 9A. Controls and Procedures. Not Applicable. Item 9A(T). Controls and Procedures. Not Applicable. Item 9B. Other Information. None. PART III Item 10. Directors, Executive Officers and Corporate Governance. Not Applicable. Item 11. Executive Compensation. Not Applicable. Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. Not Applicable. Item 13. Certain Relationships and Related Transactions, and Director Independence. Not Applicable. Item 14. Principal Accounting Fees and Services. Not Applicable. ADDITIONAL DISCLOSURE ITEMS PURSUANT TO GENERAL INSTRUCTION J Item 1112(b) of Regulation AB, Significant Obligor Financial Information. None. Item 1114(b)(2) and 1115(b) of Regulation AB, Significant Enhancement Provider Financial Information. None. Item 1117 of Regulation AB, Legal Proceedings. Legal Proceedings - New Century DOL Investigation. On August 2, 2004, the U.S. Department of Labor, Wage and Hour Division, or DOL, informed New Century Mortgage Corporation ("New Century Mortgage"), an indirect wholly owned subsidiary of New Century Financial Corporation (the "Company"), that it is conducting an investigation to determine whether New Century Mortgage is in compliance with the Fair Labor Standards Act, or FLSA. The DOL narrowed the scope of its investigation to overtime compensation paid to retail loan officers in an Irvine, California operation. New Century Mortgage believes it is in compliance with the FLSA and that it properly pays overtime wages. In April 2005, New Century Mortgage provided requested documents and awaits a response from the DOL. Rubio. In March 2005, Daniel J. Rubio, a former retail loan officer of New Century Mortgage, filed a class action complaint against New Century Mortgage in the Superior Court of Orange County, California. The complaint alleges failure to pay overtime wages, failure to provide meal and rest periods, and that New Century Mortgage engaged in unfair business practices in violation of the California Labor Code. The complaint seeks recovery of unpaid wages, interest, and attorneys' fees and costs. New Century Mortgage filed a motion to strike and demurrer to the complaint in May 2005. On July 8, 2005, the court overruled the demurrer and granted the motion to strike. A First Amended Complaint was filed in July 2005 and New Century Mortgage filed its answer in August 2005. In December 2005, New Century Mortgage filed a motion to strike portions of the complaint, which was granted in New Century Mortgage's favor, limiting the statute of limitations for plaintiff's meal and rest period claims to one year. The court reconsidered and reversed its ruling in May 2006. A Second Amended Complaint was filed by plaintiff, adding a cause of action for failure to pay overtime in violation of the FLSA. In July 2006, mediation occurred, followed by New Century Mortgage's removal of the case to the United States District Court, Central District of California in August 2006. In September 2006, the court granted New Century Mortgage's motion to strike, limiting the statute of limitations for plaintiff's meal and rest period claims to one year. Plaintiff's Third Amended Complaint was filed in October 2006. In December 2006, the Court granted New Century Mortgage's motion to strike the punitive damages allegations from the plaintiff's Third Amended Complaint and denied New Century Mortgage's motion to dismiss the sixth cause of action for alleged wage statement violations. In December 2006, the parties stipulated to plaintiff filing a Fourth Amended Complaint adding plaintiffs John Hicks and David Vizcarra. Bonner. In April 2005, Perrie Bonner and Darrell Bruce filed a class action lawsuit against New Century Mortgage and Home123 Corporation, an indirect wholly owned subsidiary of the Company ("Home123") in the U.S. District Court, Northern District of Indiana, Hammond Division, alleging violations of the Fair Credit Reporting Act, or FCRA, claiming that New Century Mortgage and Home123 accessed consumer credit reports without authorization because the prescreened offers of credit did not qualify as firm offers of credit. New Century Mortgage and Home 123 filed their answer to the complaint on June 30, 2005. In September 2005, plaintiffs filed a motion for class certification and on November 1, 2005, New Century Mortgage and Home123 filed a motion for judgment on the pleadings. The court never ruled on the motion for judgment on the pleadings. In August 2006, the court granted plaintiffs' motion for class certification. The class size is limited to the Northern District of Indiana. On December 13, 2006, the court heard oral argument in Indiana on the parties' summary judgment motions. On March 9, 2007, the court ruled on the motion for summary judgment that defendants' solicitation did not constitute a "firm offer of credit", and ruled that plaintiff Bonner's claim that the disclosure was not "clear and conspicuous" was moot. On March 12, 2007, this action settled on a class-wide basis (Northern District of Indiana). On March 16, 2007, the parties moved for preliminary approval of the settlement. The court has not yet ruled on the motion. Phillips. In July 2005, Pamela Phillips filed a class action lawsuit against the Company, New Century Mortgage and Home123 in the District Court, Central District of California. Plaintiff alleges violations of FCRA, claiming that the Company, New Century Mortgage and Home123 accessed consumer credit reports without authorization because the prescreened offers of credit did not qualify as firm offers of credit. The case also alleges that certain disclosures were not made in a clear and conspicuous manner. The complaint seeks damages of not more than $1,000 for each alleged violation, declaratory relief, injunctive relief, attorneys' fees and costs. The Company, New Century Mortgage and Home123 filed a motion to dismiss certain claims in October 2005. In November 2005, the court granted the motion to dismiss, in part. In early March 2006, the court, on its own motion, reversed its prior ruling on the motion to dismiss citing the 7th Circuit Court of Appeals recent decision in the Murray v. GMAC Mortgage Corporation case. On November 14, 2006, plaintiff filed a Motion for Class Certification proposing that the class be limited to all individuals throughout Harris County, Texas whose consumer reports were obtained or used by New Century Mortgage or Home123 in connection with a credit transaction not initiated by them and who received the same written solicitation to entered into a credit transaction received by plaintiff. In late December 2006, plaintiff filed a Third Amended Complaint to limit the class size to Harris County, Texas. On January 22, 2007, the Company, New Century Mortgage and Home123 filed their Opposition to Plaintiff's Motion for Class Certification. On January 31, 2007, the Company, New Century Mortgage and Home123 filed a Motion to Stay. On February 22, 2007, the court denied the Motion to Stay. On March 11, 2007, this action settled. The parties agreed to dismissal with prejudice of individual claims and dismissal without prejudice of claims of putative class members. Jeppesen. In October 2005, Patricia and Stephen Jeppesen filed a class action lawsuit against New Century Mortgage in the U.S. District Court, Northern District of Indiana. Plaintiffs allege that New Century Mortgage violated the Indiana High Cost Loan Act by allegedly making loans with fees greater than permitted by law unless certain disclosures are made. The class is defined as all persons who obtained a mortgage loan from New Century Mortgage after January 1, 2005 on their principal residence in Indiana. A second claim in the complaint alleges that New Century Mortgage improperly charged a document preparation fee. On January 12, 2007, the Office of the Attorney General, State of Indiana, issued a no-action letter and, in response to a letter dated September 19, 2005 from plaintiff's counsel about alleged violations of the Indiana Home Loan Practices Statute, concluded its inquiry and declined to take any action against New Century Mortgage. In February 2007, the parties reached a settlement on an individual basis. On February 14, 2007, the court entered an order dismissing this case and approving the Stipulation of Dismissal. Forrest. In January 2006, Mary Forrest filed a class action lawsuit against New Century Mortgage in the U.S. District Court for the Eastern District of Wisconsin, Milwaukee Division. Plaintiff alleges violations of FCRA, claiming that New Century Mortgage accessed prescreened credit reports without authorization because the offers of credit allegedly did not qualify as firm offers of credit. The proposed class consists of persons with Wisconsin addresses to whom New Century Mortgage sent a particular prescreened offer of credit after November 20, 2004. In February 2006, New Century Mortgage filed both its answer and a motion to transfer the case to the U.S. District Court for the Central District of California. In June 2006, the court granted New Century Mortgage's motion to transfer and ordered the case transferred from the U.S. District Court in Wisconsin to the U.S. District Court, Central District of California. In July 2006, New Century Mortgage filed a Notice of Related Case to consolidate this matter with the Phillips class action. On March 11, 2007, this action settled. On March 20, 2007, a stipulation for dismissal of individual claims dismissed with prejudice and claims of putative class members dismissed without prejudice was filed with the court. Securities Class Action Litigation On February 8, 2007, Avi Gold filed a securities class action complaint in the United States District Court for the Central District of California against the Company and certain of its directors and officers (the "Original Complaint"). The Original Complaint alleges that defendants violated federal securities laws by issuing false and misleading statements and failing to disclose material facts about the Company, which resulted in artificially inflated market prices of the Company's common stock. The purported class period is between April 7, 2006 and February 7, 2007. The Original Complaint seeks money damages in favor of its purported class of purchasers of the Company's securities, the costs and expenses of the action and other relief that may be granted by the court. The Company has also learned that seventeen additional purported class actions were filed in the United States District Court for the Central District of California between February 8, 2007 and March 16, 2007. These complaints, some of which the Company has not yet been served with and which name the Company and certain of its officers and directors as defendants, present in large degree the same legal and factual issues as the Original Complaint and allege various class periods, the longest of which is from April 7, 2006 to March 2, 2007. One of these class actions has been brought on behalf of the holders of the Company's 9.125% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") and the holders of the Company's 9.75% Series B Cumulative Redeemable Preferred Stock ("Series B Preferred Stock"). Another of these class actions has been brought on behalf of the holders of the Company's Series B Preferred Stock. The Company anticipates that similar actions on behalf of holders of the Company's common stock, Series A Preferred Stock and Series B Preferred Stock may be filed in the future and does not undertake any obligation to update this disclosure for any similar or related claims that may be made in this regard. The Company intends to review the allegations in these complaints and respond appropriately. The Company's management intends to vigorously defend these claims; however, an unfavorable outcome in these cases or future securities class action cases could have a material adverse effect on the Company's financial condition. Shareholder Derivative Complaint The Company was served with a shareholder derivative complaint on March 1, 2007, filed in the Superior Court of California, County of Orange. The complaint alleges breach of fiduciary duty, abuse of control, gross mismanagement, waste of corporate assets, unjust enrichment, and violations of California Corporations Code 25402 and seeks damages for breach, disgorgement, equitable relief, costs and fees. The case is in the very preliminary stages. The Company has also learned that five additional shareholder derivative actions were filed in the Superior Court of California, County of Orange between February 8, 2007 and March 16, 2007 and two additional shareholder derivative actions were filed in the United States District Court for the Central District of California during this same time period. These complaints, some of which the Company has not yet been served with and which name the Company and certain of its officers and directors as defendants, present in large degree the same legal and factual issues as the original shareholder derivative complaint. The Company anticipates that similar actions may be filed in the future and does not undertake any obligation to update this disclosure for any similar or related claims that may be made in this regard. The Company intends to review the allegations in these complaints and respond appropriately. U.S. Attorney's Office Investigation On February 27, 2007, the Company received a letter from the United States Attorney's Office for the Central District of California (the "U.S. Attorney's Office") indicating that it was conducting a criminal inquiry under the federal securities laws in connection with trading in the Company's securities, as well as accounting errors regarding the Company's allowance for repurchase losses. The Company has subsequently received a grand jury subpoena requesting production of certain documents. The Company intends to cooperate with the requests of the U.S. Attorney's Office. SEC Investigation On March 7, 2007, the Company received a letter from the Pacific Regional Office of the Securities and Exchange Commission (the "SEC") requesting that NCFC preserve certain documents. On March 12, 2007, the Company received a letter from the staff of the Pacific Regional Office of the SEC stating that the staff was conducting a preliminary investigation involving the Company and requesting production of certain documents. The staff of the SEC had also previously requested a meeting with the Company to discuss the events leading up to the Company's previous announcement of the need to restate certain of its historical financial statements. The Company intends to cooperate with the requests of the SEC. State Regulatory Actions The Company has been engaged in recent ongoing discussions with its state regulators regarding the Company's funding constraints and the impact on consumers who are in various stages of the loan origination process with the Company. The Company has advised these regulators that it has ceased accepting loan applications. In addition, the Company has advised these regulators that at this time, the Company and its subsidiaries are unable to fund any mortgage loans, including mortgage loans for those consumers who were already in the loan origination process with the Company. The Company has been and is continuing to work cooperatively with these regulators to mitigate the impact on the affected consumers, including transferring pending loans and loan applications to other mortgage lenders. The Company has also been providing daily reports to its various regulators regarding the status of loans in process in their states, as well as responding to ad hoc information requests. The Company received cease and desist orders from the States of Massachusetts, New Hampshire, New Jersey and New York on March 13, 2007 (collectively, the "March 13 Orders"). New Century Mortgage additionally received a Suspension Order from the state of New York on March 13, 2007 (the "NCMC Suspension Order"). The NCMC Suspension Order suspends New Century Mortgage's mortgage banking license in the State of New York for a period not to exceed 30 days, pending investigation. On March 14 and 15, 2007, the Company received additional cease and desist orders from the States of Connecticut, Maryland, Rhode Island and Tennessee (collectively, the "March 14-15 Orders"). The March 13 Orders and the March 14-15 Orders contain allegations that certain of the Company's subsidiaries have engaged in violations of applicable state law, including, among others, failure to fund mortgage loans after closing. Additionally, on March 14, 2007, New Century Mortgage and Home123 entered into a Consent Agreement and Order with the Commonwealth of Pennsylvania Department of Banking, Bureau of Supervision and Enforcement (the "Pennsylania Consent Agreement"). The March 13 Orders, the March 14-15 Orders and the Pennsylvania Consent Agreement restrain the Company's subsidiaries from taking certain actions, including, among others, engaging in alleged violations of state law and taking new applications for mortgage loans in the relevant jurisdiction. The March 13 Orders, the March 14-15 Orders and the Pennsylvania Consent Agreement also compel the subsidiaries to affirmatively take certain actions, including the creation of escrow accounts to hold any upfront fees collected in connection with pending mortgage applications, the transfer to other lenders of the outstanding mortgage applications and unfunded mortgage loans held by the subsidiaries, and the provision of regular information to the state regulators regarding the subsidiaries' activities in the applicable state, including the status of all outstanding mortgage applications and unfunded mortgage loans in that state. The cease and desist order received from the Rhode Island Department of Business Regulation on March 14 suspends the licenses of one or more of the Company's subsidiaries and seeks to assess administrative penalties. The Company and its subsidiaries requested hearings on the cease and desist orders issued by regulators in Maryland, Massachusetts, Connecticut and Rhode Island on March 23, 2007, and in Tennessee on March 27, 2007. On March 14, 2007, the Attorney General of Ohio and the Ohio Department of Commerce, Division of Financial Institution (together, the "State") filed a lawsuit against the Company, New Century Mortgage and Home123 (collectively, the "Defendants") on March 14, 2007 in Ohio state court (the "Ohio Complaint"). The Ohio Complaint alleges that the Company has engaged in violations of applicable state law, including, among others, failure to fund mortgage loans after closing. Also on March 14, 2007, the court granted the State's motion to enter a temporary restraining order, which was subsequently modified by the court on March 16, 2007, against the Defendants (as modified, the "TRO"). The TRO restrained the Defendants from taking certain actions, including, among others, (i) engaging in violations of state law, (ii) soliciting applicants and taking new applications for mortgage loans in Ohio and (iii) initiating, prosecuting or enforcing foreclosure actions in Ohio. The TRO required the parties to confer with respect to restrictions regarding foreclosure action and the sale, transfer or assignment of loans more than 60 days delinquent. On March 26, 2007, the Defendants filed a Motion for Dissolution of Modified Temporary Restraining Order and Motion for an Emergency Hearing, and Opposition to a Preliminary Injunction. On March 28, 2007, the Defendants and the State reached agreement on a Stipulated Preliminary Injunction effective for 90 days and submitted it for court approval. The Stipulated Preliminary Injunction replaces the TRO and provides for a stay of the litigation for 90 days. The Stipulated Preliminary Injunction restrains the Defendants from taking certain actions, including, among others, engaging in alleged violations of state law and taking new applications for mortgage loans. The Stipulated Preliminary Injunction also compels the Defendants to take certain actions, including the transfer to other lenders of any outstanding mortgage applications and unfunded mortgage loans, the placement in escrow of any upfront fees collected in connection with pending mortgage applications, and the provision of regular information to the State regarding the Company's activities in Ohio, including the status of all outstanding mortgage applications and unfunded mortgage loans. The Stipulated Preliminary Injunction also requires the Defendants to submit certain loans (and related information) as to which it intends to foreclose to the State for the State to review. The State may object to the Company proceeding with a particular foreclosure and if the Company is unable to convince the State to permit it to proceed, the foreclosure will not proceed for the duration of the Stipulated Preliminary Injunction. The Stipulated Preliminary Injunction also provides for the State to review and object to the Defendants selling, transferring or assigning certain loans that are more than 60 days delinquent. On March 16, 2007, the Company received additional cease and desist orders from the State of California (the "California Orders") and certain of the Company's subsidiaries entered into consent agreements with the State of Florida's Office of Financial Regulation and the State of Washington's Department of Financial Institutions, respectively, each dated March 16, 2007 (the "March 16 Agreements" and together with the California Orders, the "March 16 Orders and Consent Agreements"). The March 16 Orders and Consent Agreements contain allegations that certain of the Company's subsidiaries have engaged in violations of state law, including, among others, failure to fund mortgage loans after closing. The March 16 Orders and Consent Agreements restrain the Company's subsidiaries from taking certain actions, including, among others, engaging in alleged violations of state law and taking new applications for mortgage loans in the relevant jurisdiction. The March 16 Orders and Consent Agreements also compel the subsidiaries to affirmatively take certain actions, including the creation of escrow accounts to hold any upfront fees collected in connection with pending mortgage applications, the transfer to other lenders of the outstanding mortgage applications and unfunded mortgage loans held by the subsidiaries, and the provision of regular information to the state regulators regarding the subsidiaries' activities in the applicable state, including the status of all outstanding mortgage applications and unfunded mortgage loans in that state. On March 16, 2007, Home123 received a suspension order (the "Home123 Suspension Order") from the State of New York Banking Department. The Home123 Suspension Order contains allegations similar to those included in the NCMC Suspension Order and further provides that Home123's mortgage banking license in the State of New York has been suspended for a period not exceeding 30 days, pending investigation. The Company and Home123 are reviewing the Home123 Suspension Order and accordingly have not yet determined whether they will appeal all or any portion of the Home123 Suspension Order. On March 20, 2007, the Company entered into a Combined Statement of Charges and Consent Order with the State of Iowa and a Consent Agreement and Order with the State of Maine Office of Consumer Credit Regulation, Department of Professional and Financial Regulation (together, the "March 20 Orders"). On March 21, 2007, the Company entered into a Consent Order with the State of Michigan, Department of Labor & Economic Growth, Office of Financial and Insurance Services and a Consent Order with the State of Wyoming Banking Commission (the "March 21 Orders"). On March 23, 2007, the Company entered into a Consent Agreement and Order with the State of Idaho Department of Finance (the "March 23 Order"). Similar to the consent agreements described above, the March 20, 21 and 23 Orders contain allegations that certain of the Company's subsidiaries have engaged in violations of state law, including, among others, failure to fund mortgage loans after closing. They restrain the Company's subsidiaries from taking certain actions, including, among others, engaging in alleged violations of state law and taking new applications for mortgage loans in the relevant jurisdiction. They also compel the subsidiaries to affirmatively take certain actions, including the creation of escrow accounts to hold any upfront fees collected in connection with pending mortgage applications, the transfer to other lenders of the outstanding mortgage applications and unfunded mortgage loans held by the subsidiaries, and the provision of regular information to the state regulators regarding the subsidiaries' activities in the applicable state, including the status of all outstanding mortgage applications and unfunded mortgage loans in that state. The Company anticipates that cease and desist orders will continue to be received by the Company and its subsidiaries from additional states in the future and that the Company and its subsidiaries may enter into additional consent agreements similar to those described above. The Company does not undertake, and expressly disclaims, any obligations to update this disclosure for any such additional cease and desist orders or consent agreements or for any developments with respect to any of the state regulatory actions described herein. The Company intends to continue to cooperate with its regulators in order to mitigate the impact on consumers resulting from the Company's funding constraints. Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions. None. Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria. Reports on assessment of compliance with the servicing criteria for asset-backed securities and the related attestation reports on such assessments of compliance are attached hereto under Item 15. The following parties have reported one or more instances of material noncompliance with applicable servicing criteria in their reports on assessment of compiance: The 1122 statements for Wells Fargo Bank, N.A. (servicer) has disclosed the following instances of material noncompliance with certain servicing criteria applicable to the Company during the year ended December 31, 2006: 1. 1122(d)(3)(i) - Delinquency Reporting - The Company provided incomplete data to some third parties who use such data to calculate delinquency ratios and determine the status of loans with respect to bankruptcy, foreclosure or real estate owned. Instead of the actual due date being provided for use in calculating delinquencies, the date of the first payment due to the security was provided. 2. 1122(d)(4)(vii) - Notification of Intent to Foreclose - The Company, as required by certain servicing agreements, did not provide investors with prior notification of intent to foreclose. The 1122 statements for Wells Fargo Bank, National Association (Corporate Trust Services) has disclosed material noncompliance with criterion 1122(d)(3)(i), as applicable to the Company during the twelve months ended December 31, 2006. Certain monthly investor or remittance reports included errors in the calculation and/or the reporting of delinquencies for the pool assets. Item 1123 of Regulation AB, Servicer Compliance Statement. Servicer compliance statements are attached hereto under Item 15. PART IV Item 15. Exhibits, Financial Statement Schedules. (a) Exhibits (4) The Pooling and Servicing Agreement dated as of February 1, 2006 among Mortgage Asset Securitization Transactions, Inc., as depositor, Wells Fargo Bank, N.A., as servicer, Wells Fargo Bank, N.A., as master servicer and trust administrator and U.S. Bank National Association, as trustee (incorporated herein by reference from Exhibit 4.1 of the Current Report on Form 8-K of the registrant, as filed with the Commission on April 3, 2006). (10) Incorporated by reference as Exhibit (4). (31) Rule 13a-14(d)/15d-14(d) Certifications. (33) Reports on assessment of compliance with servicing criteria for asset-backed securities. a) Deutsche Bank National Trust Company, as Custodian b) Regulus Group LLC as Sub-Contractor for Wells Fargo Bank, N.A. c) Wells Fargo Bank, N.A., as Servicer d) Wells Fargo Bank, N.A., as Master Servicer e) Wells Fargo Bank, N.A., as Trust Administrator f) ZC Sterling Insurance Agency, Inc. as Sub-Contractor for Wells Fargo Bank, N.A.
(34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. a) Deutsche Bank National Trust Company, as Custodian b) Regulus Group LLC as Sub-Contractor for Wells Fargo Bank, N.A. c) Wells Fargo Bank, N.A., as Servicer d) Wells Fargo Bank, N.A., as Master Servicer e) Wells Fargo Bank, N.A., as Trust Administrator f) ZC Sterling Insurance Agency, Inc. as Sub-Contractor for Wells Fargo Bank, N.A.
(35) Servicer compliance statement. a) Wells Fargo Bank, N.A., as Servicer b) Wells Fargo Bank, N.A., as Master Servicer c) Wells Fargo Bank, N.A., as Trust Administrator
(b) Exhibits identified in paragraph (a) above. (c) Not applicable. Filed herewith. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MASTR Asset Backed Securities Trust 2006-NC1 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Melissa Loiselle Melissa Loiselle, Vice President Date: April 2, 2007 Exhibit Index Exhibit No. (4) The Pooling and Servicing Agreement dated as of February 1, 2006 among Mortgage Asset Securitization Transactions, Inc., as depositor, Wells Fargo Bank, N.A., as servicer, Wells Fargo Bank, N.A., as master servicer and trust administrator and U.S. Bank National Association, as trustee (incorporated herein by reference from Exhibit 4.1 of the Current Report on Form 8-K of the registrant, as filed with the Commission on April 3, 2006). (10) Incorporated by reference as Exhibit (4). (31) Rule 13a-14(d)/15d-14(d) Certifications. (33) Reports on assessment of compliance with servicing criteria for asset-backed securities. a) Deutsche Bank National Trust Company, as Custodian b) Regulus Group LLC as Sub-Contractor for Wells Fargo Bank, N.A. c) Wells Fargo Bank, N.A., as Servicer d) Wells Fargo Bank, N.A., as Master Servicer e) Wells Fargo Bank, N.A., as Trust Administrator f) ZC Sterling Insurance Agency, Inc. as Sub-Contractor for Wells Fargo Bank, N.A.
(34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. a) Deutsche Bank National Trust Company, as Custodian b) Regulus Group LLC as Sub-Contractor for Wells Fargo Bank, N.A. c) Wells Fargo Bank, N.A., as Servicer d) Wells Fargo Bank, N.A., as Master Servicer e) Wells Fargo Bank, N.A., as Trust Administrator f) ZC Sterling Insurance Agency, Inc. as Sub-Contractor for Wells Fargo Bank, N.A.
(35) Servicer compliance statement. a) Wells Fargo Bank, N.A., as Servicer b) Wells Fargo Bank, N.A., as Master Servicer c) Wells Fargo Bank, N.A., as Trust Administrator
EX-31 Rule 13a-14(d)/15d-14(d) Certifications I, Melissa Loiselle, certify that: 1. I have reviewed this annual report on Form 10-K, and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of MASTR Asset Backed Securities Trust 2006-NC1 (the "Exchange Act periodic reports"); 2. Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports; 4. I am responsible for reviewing the activities performed by the servicer and based on my knowledge and the compliance review conducted in preparing the servicer compliance statement required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicer has fulfilled its obligations under the servicing agreement; and 5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K. Dated: April 2, 2007 /s/ Melissa Loiselle Signature Vice President Title EX-33 (a) Appendix I MANAGEMENT'S ASSERTION OF COMPLIANCE Management of the Trust & Securities Services department of Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas (collectively 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. Management has determined that the servicing criteria are applicable in regard to the servicing platform 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 other asset-backed securities issued on or after January 1, 2006 for which the Company provides trustee, securities administration or paying agent services, excluding any publicly issued transactions sponsored or issued by any government sponsored entity (the "Platform"). Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), except for the following criteria: 1122(d)(2)(iii),1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4) (ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and 1122 (d)(4)(xiv), which management has determined are not applicable to the activities the Company performs with respect to the Platform (the "Applicable Servicing Criteria"). Period: Twelve months ended December 31, 2006 (the "Period"). Management's interpretation of Applicable Servicing Criteria: The Company's management has determined that servicing criteria 1122(d)(1)(iii) is applicable only with respect to its continuing obligation to act as, or locate a, successor servicer under the circumstances referred to in certain governing documents. It is management's interpretation that Deutsche Bank Trust Company America has no other active back-up servicing responsibilities in regards to 1122(d)(1)(iii) as of and for the Period. Third parties classified as vendors: With respect to servicing criteria 1122(d) (2)(i), 1122(d)(4)(i), and 1122(d)(4)(ii), management has engaged various vendors to perform the activities required by these servicing criteria. The Company's management has determined that these vendors are not considered a "servicer" as defined in Item 1101(j) of Regulation AB, and the Company's management has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations ("Interpretation 17.06"). As permitted by Interpretation 17.06, management has asserted that it has policies and procedures in place to provide reasonable assurance that the vendor's activities comply in all material respects with the servicing criteria applicable to each vendor. The Company's management is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendors and related criteria. With respect to the Platform, the Company's management provides the following assertion of compliance with respect to the Applicable Servicing Criteria: 1. The Company's management is responsible for assessing the Company's compliance with the Applicable Servicing Criteria as of and for the Period. 2.The Company's management has assessed compliance with the Applicable Servicing Criteria, including servicing criteria for which compliance is determined based on Interpretation 17.06 as described above, as of and for the Period. In performing this assessment, management 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 management's assertion of compliance with the Applicable Servicing Criteria as of and for the Period. (page) Appendix I DEUTSCHE BANK NATIONAL TRUST COMPANY By: /s/ Gary R. Vaughan Name: Gary R. Vaughan Its: Managing Director By: /s/ David Co Name: David Co Its: Director By: /s/ Jose Sicilia Name: Jose Sicilia Its: Managing Director By: /s/ Kevin Fischer Name: Kevin Fischer Its: Vice President By: /s/ Robert Frier Name: Robert Frier Its: Director DEUTSCHE BANK TRUST COMPANY AMERICAS By: /s/ Kevin C. Weeks Name: Kevin C. Weeks Its: Managing Director By: /s/ Jenna Kaufman Name: Jenna Kaufman Its: Director EX-33 (b) (logo) REGULUS Report on Assessment of Compliance with Regulation AB Servicing Criteria 1. Pursuant to Subpart 229.1100 - Asset Backed Securities, 17 C.F.R. section 229. 1100-229.1123 ("Regulation AB"), Regulus Group LLC, for itself and its wholly-owned subsidiaries (individually and collectively "Regulus"), is responsible for assessing its compliance with the servicing criteria applicable to the remittance processing services it provides to customers who are issuers or servicers of asset backed securities transactions and who have requested confirmation of Regulus' compliance in connection with loan and/or receivables portfolios that include pool assets for asset backed securities transactions (the "Platform"). Remittance processing is a service whereby check payments that are remitted by mail to a post office box are collected, processed through a highly automated data capture system, and prepared for deposit to a bank account held by the beneficiary of the payment. 2. The servicing criteria set forth in Item 1122(d) of Regulation AB were used in Regulus' assessment of compliance. Regulus has concluded that the servicing criteria set forth in Items 1122(d)(2)(i) and 1122(d)(4)(iv) of Regulation AB are applicable to the servicing activities it performs with respect to the Platform (such criteria the "Applicable Servicing Criteria"). Regulus has concluded that the remainder of the servicing criteria set forth in Item 1122(d) of Regulation AB are inapplicable to the activities it performs with respect to the Platform because Regulus does not participate in the servicing activities referenced by such servicing criteria. 3. As of and for the year ending December 31, 2006, Regulus has complied in all material respects with the Applicable Servicing Criteria set forth in Item 1122(d) of Regulation AB. 4. KPMG LLP, a registered public accounting firm, has issued an attestation report on Regulus' assessment of compliance with the Applicable Servicing Criteria as of and for the year ending December 31, 2006. A copy of that attestation report is attached hereto as Exhibit A. /s/ Kimberlee Clark Kimberlee Clark Chief Financial Officer February 22, 2007 860 LATOUR COURT | NAPA, CA | 94558 | TEL: 707.254.4000 | FAX: 707.254.4070 | REGULU5GROUP.COM EX-33 (c) (logo) WELLS FARGO HOME MORTGAGE Wells Fargo Home Mortgage One Home Campus Des Moines, IA 50328-0001 YourWellsFargoMortgage.com Wells Fargo Bank, N.A. 2006 Certification Regarding Compliance with Applicable Servicing Criteria 1. Wells Fargo Bank, N.A. (the "Servicer") is responsible for assessing its compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB as set forth in Exhibit A hereto in connection with the primary servicing of residential mortgage loans by its Wells Fargo Home Mortgage division, other than the servicing of such loans for Freddie Mac, Fannie Mae, Ginnie Mae, state and local government bond programs, or a Federal Home Loan Bank (the servicing "Platform"); 2. The Servicer has engaged certain vendors (the "Vendors") to perform specific, limited or scripted activities as of and for the year ended December 31, 2006, and the Servicer has elected to take responsibility for assessing compliance with the servicing criteria or portion of the servicing criteria applicable to such Vendors as set forth in Exhibit A hereto, with the exception of those Vendors that have provided their own report on assessment of compliance with servicing criteria, which reports are attached hereto as Exhibit D; 3. Except as set forth in paragraph 4 below, the Servicer used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the applicable servicing criteria; 4. The criteria identified as Inapplicable Servicing Criteria on Exhibit A hereto are inapplicable to the Servicer based on the activities it performs with respect to its Platform; 5. The Servicer has complied, in all material respects, with the applicable servicing criteria as of and for the year ended December 31, 2006, except as described on Exhibit B hereto; 6. The Servicer has not identified and is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of and for the year ended December 31, 2006; 7. The Servicer has not identified any material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria for the year ended December 31, 2006; and 8. KPMG LLP, a registered public accounting firm, has issued an attestation report on the Servicer's assessment of compliance with the applicable servicing criteria as of and for the year ended December 31, 2006, which attestation report is included on Exhibit C attached hereto. March 1, 2007 WELLS FARGO BANK, N.A. By: /s/ Mary C. Coffin Mary C. Coffin Executive Vice President Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. (page) EXHIBIT A to Wells Fargo Bank, N.A.'s 2006 Certification Regarding Compliance With Applicable Servicing Criteria
Servicing Criteria Applicable Servicing Inapplicable Criteria Servicing Criteria Reference Criteria Performed Performed by by Servicer Vendor(s) General Servicing Considerations Policies and procedures are instituted to monitor any performance or X other triggers and events of default in accordance with the 1122(d)(1)(i) transaction agreements. If any material servicing activities are outsourced to third parties, X policies and procedures are instituted to monitor the third party's 1122(d)(1)(ii) performance and compliance with such servicing activities. Any requirements in the transaction agreements to maintain a back-up X 1122(d)(1)(iii) servicer for the mortgage loans are maintained. A fidelity bond and errors and omissions policy is in effect on the X party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in 1122(d)(1)(iv) accordance with the terms of the transaction agreements. Cash Collection and Administration Payments on mortgage loans are deposited into the appropriate X^1 X^2 custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of 1122(d)(2)(i) days specified in the transaction agreements. Disbursements made via wire transfer on behalf of an obligor or to an X 1122(d)(2)(ii) investor are made only by authorized personnel. Advances of funds or guarantees regarding collections, cash flows or X distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the 1122(d)(2)(iii) transaction agreements. The related accounts for the transaction, such as cash reserve X accounts or accounts established as a form of overcollateralization are separately maintained (e.g., with respect to commingling of cash) 1122(d)(2)(iv) as set forth in the transaction agreements. Each custodial account is maintained at a federally insured X 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 1122(d)(2)(v) 13k-1(b)(1) of the Securities Exchange Act. 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X^3 X^4 (page) Servicing Criteria Applicable Servicing Inapplicable Criteria Servicing Criteria Reference Criteria Performed Performed by by Servicer Vendor(s) Reconciliations are prepared on a monthly basis for all asset-backed X 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 1122(d)(2)(vii) transaction agreements. Investor Remittances and Reporting Reports to investors, including those to be filed with the X 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 1122(d)(3)(i) of mortgage loans serviced by the Servicer. Amounts due to investors are allocated and remitted in accordance X with timeframes, distribution priority and other terms set forth in 1122(d)(3)(ii) the transaction agreements. Disbursements made to an investor are posted within two business days X to the Servicer's investor records, or such other number of days 1122(d)(3)(iii) specified in the transaction agreements. Amounts remitted to investors per the investor reports agree with X cancelled checks, or other form of payment, or custodial bank 1122(d)(3)(iv) statements. Pool Asset Administration Collateral or security on mortgage loans is maintained as required by X 1122(d)(4)(i) the transaction agreements or related mortgage loan documents. Mortgage loan and related documents are safeguarded as required by X 1122(d)(4)(ii) the transaction agreements. Any additions, removals or substitutions to the asset pool are made X reviewed and approved in accordance with any conditions or 1122(d)(4)(iii) requirements in the transaction agreements. Payments on mortgage loans, including any payoffs, made in X^5 X^6 accordance with the related mortgage loan 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 mortgage loan 1122(d)(4)(iv) documents. The Servicer's records regarding the mortgage loans agree with the X Servicer's records with respect to an obligor's unpaid principal 1122(d)(4)(v) balance. Changes with respect to the terms or status of an obligor's mortgage X loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the 1122(d)(4)(vi) transaction agreements and related pool asset documents. (page) Servicing Criteria Applicable Servicing Inapplicable Criteria Servicing Criteria Reference Criteria Performed Performed by by Servicer Vendor(s) Loss mitigation or recovery actions (e.g., forbearance plans, X 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 1122(d)(4)(vii) by the transaction agreements. Records documenting collection efforts are maintained during the X period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is 1122(d)(4)(viii) deemed temporary (e.g., illness or unemployment). Adjustments to interest rates or rates of return for mortgage loans X with variable rates are computed based on the related mortgage loan 1122(d)(4)(ix) documents. Regarding any funds held in trust for an obligor (such as escrow X accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other 1122(d)(4)(x) number of days specified in the transaction agreements. Payments made on behalf of an obligor (such as tax or insurance X^7 X^8 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 1122(d)(4)(xi) other number of days specified in the transaction agreements. Any late payment penalties in connection with any payment to be made X on behalf of an obligor are paid from the Servicer's funds and not charged in the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. Disbursements made on behalf of an obligor are posted within two X^9 X^10 business days to the obligor's records maintained by the servicer, or 1122(d)(4)(xiii) such other number of days specified in the transaction agreements. Delinquencies, charge-offs and uncollectible accounts are recognized X 1122(d)(4)(xiv) and recorded in accordance with the transaction agreements. Any external enhancement or other support, identified in Item X 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained 1122(d)(4)(xv) as set forth in the transaction agreements. 1 A portion of this servicing criteria is performed by a vendor, as set forth in footnote 2 below. 2 A lockbox vendor receives payments, creates transaction files, deposits checks, reconciles files to deposits and transmits the transaction files to Wells Fargo. See Exhibit D. 3 A portion of this servicing criteria is performed by vendors, as set forth in footnote 4 below. 4 Insurance vendors prepare and safeguard checks on behalf of Wells Fargo. As to one such vendor, see Exhibit D. 5 A portion of this servicing criteria is performed by a vendor, as set forth in footnote 6 below. 6 A lockbox vendor receives payments, creates transaction files, deposits checks, reconciles files to deposits and transmits the transaction files to Wells Fargo. See Exhibit D. 7 A portion of this servicing criteria is performed by vendors, as set forth in footnote 8 below. 8 Insurance vendors obtain renewal invoices, create disbursement transactions and submit payments to payees. As to one such vendor, see Exhibit D. 9 A portion of this servicing criteria is performed by one or more vendors, as set forth in footnote 10 below. 10 Insurance vendors obtain renewal invoices, create disbursement transactions and submit payments to payees. As to one such vendor, see Exhibit D.
(page) EXHIBIT B to Wells Fargo Bank, N.A.'s 2006 Certification Regarding Compliance With Applicable Servicing Criteria Wells Fargo Bank, N.A. ("Wells Fargo") acknowledges the following material instances of noncompliance with the applicable servicing criteria: 1. 1122(d)(3)(i) - Delinquency Reporting - For certain loans sub-serviced by Wells Fargo or for which servicing rights were acquired on a bulk-acquisition basis, Wells Fargo determined that it provided incomplete data to some third parties who use such data to calculate delinquency ratios and determine the status of loans with respect to bankruptcy, foreclosure or real estate owned. The incomplete reporting only affected securitizations that included delinquent loans. Instead of the actual due date being provided for use in calculating delinquencies, the date of the first payment due to the security was provided. Wells Fargo subsequently included additional data in the monthly remittance reports, providing the actual borrower due date and unpaid principal balance, together with instructions to use these new fields if such monthly remittance reports are used to calculate delinquency ratios. 2. 1122(d)(4)(vii) - Notification of Intent to Foreclose - Wells Fargo determined that, as required by certain servicing agreements, it did not provide investors with prior notification of intent to foreclose. While investors received monthly delinquency status reports that listed loans in foreclosure, such reports were received after such loans had been referred to an attorney. A new process is being implemented to send such notifications if contractually required, unless an investor opts out in writing. (page) EXHIBIT C to Wells Fargo Bank, N.A.'s 2006 Certification Regarding Compliance With Applicable Servicing Criteria Report or Independent Registered Public Accounting Firm (page) EXHIBIT D to Wells Fargo Bank, N.A.'s 2006 Certification Regarding Compliance With Applicable Servicing Criteria Vendors' Reports on Assessment of Compliance With Servicing Criteria EX-33 (d) (logo) WELLS FARGO Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 410 884-2000 410 715-2380 Fax Wells Fargo Bank, N.A. ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICING CRITERIA Corporate Trust Services division of Wells Fargo Bank, National Association (the "Company") provides this assessment of compliance with the following applicable servicing criteria set forth in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission. Management has determined that the servicing criteria are applicable in regards to the servicing platform for the period as follows: Platform: Publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as amended) residential mortgage-backed securities, commercial mortgage-backed securities and other asset-backed securities, for which the Company provides master servicing, trustee, securities administration or paying agent services, excluding transactions issued by any agency or instrumentality of the U.S. government or any government sponsored entity (the "Platform"). Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), to the extent required in the related transaction agreements or required by the Item 1122(d) servicing criteria in regards to the activities performed by the Company, except for the following criteria: 1122(d)(1)(iii), 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which management has determined are not applicable to the activities the Company performs with respect to the Platform (the "Applicable Servicing Criteria"). Period: Twelve months ended December 31, 2006 (the "Period"). Third parties classified as vendors: With respect to servicing criteria 1122(d)(4)(i), the Company has engaged various vendors to handle certain Uniform Commercial Code filing functions required by the servicing criteria ("vendors"). The Company has determined that none of the vendors is a "servicer" as defined in Item 1101(j) of Regulation AB, and the Company elects to take responsibility for assessing compliance with the portion of the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations ("Interpretation 17.06"). The Company has policies and procedures in place to provide reasonable assurance that each vendor's activities comply in all material respects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendors and related criteria. 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, including servicing criteria for which compliance is determined based on Interpretation 17.06 as described above, as of and for the Period. In performing this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB. 3. Other than as identified on Schedule A hereto, as of and for the Period, the Company was in material compliance with the Applicable Servicing Criteria. Any material instances of noncompliance by a vendor of which the Company is aware and any material deficiency in the Company's policies and procedures to monitor vendors' compliance that the Company has identified is specified on Schedule A hereto. KPMG LLP, a registered public accounting firm, has issued an attestation report with respect to the Company's foregoing assessment of compliance as of and for the Period. WELLS FARGO BANK, NATIONAL ASSOCIATION By:/s/ Brian Bartlett Brian Bartlett Its: Executive Vice President Dated: March 1, 2007 (page) (logo) WELLS FARGO Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 410 884-2000 410 715-2380 Fax Wells Fargo Bank, N.A. Schedule A Material Instances of Noncompliance by the Company 1122(d)(3)(i)- Delinquency Reporting - During the reporting period, certain monthly investor or remittance reports included errors in the calculation and/or the reporting of delinquencies for the pool assets, which errors may or may not have been material. All such errors were the result of data processing errors and/or the mistaken interpretation of data provided by other parties participating in the servicing function. All necessary adjustments to data processing systems and/or interpretive clarifications have been made to correct those errors and to remedy related procedures. Material instances of Noncompliance by any Vendor NONE Material Deficiencies In Company's Policies and Procedures to Monitor Vendors' Compliance NONE EX-33 (e) (logo) WELLS FARGO Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 410 884-2000 410 715-2380 Fax Wells Fargo Bank, N.A. ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICING CRITERIA Corporate Trust Services division of Wells Fargo Bank, National Association (the "Company") provides this assessment of compliance with the following applicable servicing criteria set forth in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission. Management has determined that the servicing criteria are applicable in regards to the servicing platform for the period as follows: Platform: Publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as amended) residential mortgage-backed securities, commercial mortgage-backed securities and other asset-backed securities, for which the Company provides master servicing, trustee, securities administration or paying agent services, excluding transactions issued by any agency or instrumentality of the U.S. government or any government sponsored entity (the "Platform"). Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), to the extent required in the related transaction agreements or required by the Item 1122(d) servicing criteria in regards to the activities performed by the Company, except for the following criteria: 1122(d)(1)(iii), 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which management has determined are not applicable to the activities the Company performs with respect to the Platform (the "Applicable Servicing Criteria"). Period: Twelve months ended December 31, 2006 (the "Period"). Third parties classified as vendors: With respect to servicing criteria 1122(d)(4)(i), the Company has engaged various vendors to handle certain Uniform Commercial Code filing functions required by the servicing criteria ("vendors"). The Company has determined that none of the vendors is a "servicer" as defined in Item 1101(j) of Regulation AB, and the Company elects to take responsibility for assessing compliance with the portion of the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations ("Interpretation 17.06"). The Company has policies and procedures in place to provide reasonable assurance that each vendor's activities comply in all material respects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendors and related criteria. 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, including servicing criteria for which compliance is determined based on Interpretation 17.06 as described above, as of and for the Period. In performing this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB. 3. Other than as identified on Schedule A hereto, as of and for the Period, the Company was in material compliance with the Applicable Servicing Criteria. Any material instances of noncompliance by a vendor of which the Company is aware and any material deficiency in the Company's policies and procedures to monitor vendors' compliance that the Company has identified is specified on Schedule A hereto. KPMG LLP, a registered public accounting firm, has issued an attestation report with respect to the Company's foregoing assessment of compliance as of and for the Period. WELLS FARGO BANK, NATIONAL ASSOCIATION By:/s/ Brian Bartlett Brian Bartlett Its: Executive Vice President Dated: March 1, 2007 (page) (logo) WELLS FARGO Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 410 884-2000 410 715-2380 Fax Wells Fargo Bank, N.A. Schedule A Material Instances of Noncompliance by the Company 1122(d)(3)(i)- Delinquency Reporting - During the reporting period, certain monthly investor or remittance reports included errors in the calculation and/or the reporting of delinquencies for the pool assets, which errors may or may not have been material. All such errors were the result of data processing errors and/or the mistaken interpretation of data provided by other parties participating in the servicing function. All necessary adjustments to data processing systems and/or interpretive clarifications have been made to correct those errors and to remedy related procedures. Material instances of Noncompliance by any Vendor NONE Material Deficiencies In Company's Policies and Procedures to Monitor Vendors' Compliance NONE EX-33 (f) (logo) ZC STERLING ZC Sterling Corporation 210 Interstate North Parkway Suite 400 Atlanta, GA 30339 Tel 770.690.8400 Fax 770.690.8240 http://www.zcsterling.com Report on Assessment of Compliance with Securities and Exchange Commission's Regulation AB Servicing Criteria For the calendar year ending December 31 2006, or portion thereof (the "Period"), ZC Sterling Insurance Agency, Inc. ("ZCSIA") has been a subcontractor for Servicers identified in Appendix A. The undersigned are Senior Vice Presidents of ZCSIA, have sufficient authority to make the statements contained in this Assertion and are responsible for assessing compliance with the servicing criteria applicable to ZCSIA. ZCSIA has used the servicing criteria communicated to ZCSIA by the Servicer to assess compliance with the applicable servicing criteria. Accordingly, servicing criteria 1122 (d) 1(iv), 1122 (d) 2(vi), 1122 (d) 4(xi), 1122 (d) 4(xii), and 1122 (d) 4(xiii) are applicable to the activities performed by ZCSIA with respect to the Platforms covered by this report. The remaining servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission's Regulation AB are not applicable to the activities performed by ZCSIA with respect to the Platform covered by this report. As a subcontractor for Servicer, ZCSIA has determined that it complied in all material respects with the servicing criteria listed below. ZCSIA engaged Ernst & Young, LLP ("E&Y"), a registered public accounting firm, to review ZCSIA's assessment, and E&Y has issued an attestation report on ZCSIA's assessment of compliance with the applicable servicing criteria for the Period. 1. ZCSIA maintained a fidelity bond and errors & omissions policy in effect on ZCSIA throughout the reporting period in the amount of coverage required by the transaction agreements between the Servicer and ZCSIA (1122(d)((1)(iv)). 2. To the extent that ZCSIA prints checks for Servicer or otherwise has Servicer's checks or check stock, unissued checks are safeguarded so as to prevent unauthorized access (1122(d)(2)(vi)). [AS OF DECEMBER 31, 2006, THIS PROVISION WILL APPLY ONLY FOR THE FOLLOWING SERVICERS: ABN Amro Mortgage Group, Inc, Option One Mortgage Corporation, Sun Trust Mortgage, Inc., HomEq Servicing Corporation, Wachovia Insurance Corporation, Wells Fargo Home Mortgage. (page) 3. Payments made on behalf of Servicer's obligor for insurance premiums 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 thirty (30) calendar days prior to these dates, or such other number of days specified in the transaction agreements between Servicer and ZCSIA (1122(d)(4)(xi)). 4. Any late payment penalties in connection with any payment for insurance to be made on behalf of Servicer's obligor are paid from the Servicer's funds or ZCSIA's funds and not charged to Servicer's obligor, unless the late payment was due to the obligor's error or omission (1122(d)(4)(xii)). 5. File(s) provided to Servicer from which Servicer may make disbursements made on behalf of Servicer's obligor are provided to Servicer on an accurate and timely basis and the information thereon is subject to such controls as are specified in the transaction agreements between Servicer and ZCSIA (1122(d)(4)(xiii)). Sincerely, ZC STERLING INSURANCE AGENCY, INC. By: /s/ Arthur J. Castner Arthur J. Castner Title: Senior Vice President - Hazard Operations Date: February 20, 20007 By: /s/ James P. Novak James P. Novak Title: Senior Vice President & General Counsel Date: February 20, 2007 2 (page) Appendix A The following is a list of Clients serviced on the ZC Sterling Integrated Product Solution (ZIPS) Platform: 1. ABN Amro Mortgage Group, Inc. 2. Dovenmuehle Mortgage, Inc. 3. HomEq Servicing Corporation 4. Option One Mortgage Corporation 5. People's Choice Home Loan, Inc. 6. Sun Trust Mortgage, Inc. 7. Wachovia Insurance Agency (and its affiliates, including Wachovia Mortgage Corporation) 8. Wells Fargo Home Mortgage 3 EX-34 (a) (logo) KPMG KPMG LLP 303 East Wacker Drive Chicago, IL 60601-5212 Report of Independent Registered Public Accounting Firm The Board of Directors The Trust & Securities Services department of Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas: We have examined management's assertion, included in the accompanying Appendix I, that the Trust & Securities Services department of Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas (collectively the "Company") complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for publicly-issued (i.e., transaction-level reporting required under the Securities Exchange Act of 1934, as amended) residential mortgage-backed securities and other asset-backed securities issued on or after January 1, 2006, for which the Company provides trustee, securities administration or paying agent services, excluding any publicly issued transactions, sponsored or issued by any government sponsored entity (the Platform), except for servicing criteria 1122(d)(2)(iii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4) (viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d) (4)(xiii) and 1122(d)(4)(xiv ), which the Company has determined are not applicable to the activities it performs with respect to the Platform, as of and for the twelve months ended December 31, 2006. Management is responsible for the Company's compliance with those servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination. Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly,included examining, on a test basis, evidence about the Company's compliance with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the individual asset-backed transactions and securities that comprise the Platform, testing of less than all of the servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. 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. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria. As described in management's assertion included in the accompanying Appendix I, for servicing criteria 1122 (d)(2)(i), 1122 (d)(4)(i) and 1122(d)(4)(ii), the Company has engaged various vendors to perform the activities required by these servicing criteria. The Company has determined that these vendors are not considered a "servicer" as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC (page) (logo) KPMG Division of Corporation Finance Manual of Publicly Available Telephone Interpretations ("Interpretation 17.06"). As permitted by Interpretation 17.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendors' activities comply in all material respects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendors and related criteria as described in its assertion, and we performed no procedures with respect to the Company's eligibility to apply Interpretation 17.06. In our opinion, management's assertion that the Company complied with the aforementioned servicing criteria, including servicing criteria 1122 (d)(2)(i), 1122 (d)(4)(i) and 1122(d)(4)(ii) for which compliance is determined based on Interpretation 17.06 as described above, as of and for the twelve months ended December 31, 2006 is fairly stated, in all material respects. /s/ KPMG LLP Chicago, Illinois February 28, 2007 KPMG LLP, a U.S. limited liability partnership, is the U.S. member firm of KPMG International, a Swiss cooperative. EX-34 (b) (logo) KPMG KPMG LLP 1601 Market Street Philadelphia, PA 19103-2499 Report of Independent Registered Public Accounting Firm The Board of Members Regulus Group LLC: We have examined management's assessment for those customers that management has informed us have requested confirmation of compliance, included in the accompanying Report on Assessment of Compliance with Regulation AB Servicing Criteria, that Regulus Group LLC complied with the servicing criteria set forth in Item 1122(d)(2)(i) and 1122(d)(4)(iv) of the Securities and Exchange Commission's Regulation AB for remittance processing services to those issuers of asset backed securities and servicers of loan and/or receivables portfolios that include pool assets for asset backed securities transactions (the Platform) as of and for the year ended December 31, 2006. Regulus Group LLC has determined that the remainder of the servicing criteria are not applicable to the activities it performs with respect to the Platform as of and for the year ended December 31, 2006. Management is responsible for the Company's compliance with those servicing criteria. Our responsibility is to express an opinion on management's assessment about the Company's compliance based on our examination. Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the individual asset-backed transactions and securities that comprise the Platform, testing of less than all of the servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. 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. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria. In our opinion, management's assessment that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2006 is fairly stated, in all material respects. /s/ KPMG LLP Philadelphia, PA February 22, 2007 KPMG LLP, a U.S. limited liability partnership, is the U.S. member firm of KPMG International, a Swiss cooperative. EX-34 (c) (logo) KPMG KPMG LLP 2500 Ruan Center 666 Grand Avenue Des Moines, IA 50309 Report of Independent Registered Public Accounting Firm The Board of Directors Wells Fargo Bank, N.A.: We have examined Wells Fargo Bank, N.A.'s (the Company) compliance with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for its primary servicing of residential mortgage loans by its Wells Fargo Home Mortgage division, other than the servicing of such loans for Freddie Mac, Fannie Mae, Ginnie Mae, state and local government bond programs, or a Federal Home Loan Bank (the Platform), except for servicing criteria 1122(d)(1)(iii) and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with respect to the Platform, as of and for the year ended December 31, 2006. Management is responsible for the Company's compliance with those servicing criteria. Our responsibility is to express an opinion on the Company's compliance based on our examination. Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the individual asset-backed transactions and securities that comprise the Platform, testing of less than all of the servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. 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. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria. Our examination disclosed the following instances of material noncompliance with certain servicing criteria applicable to the Company during the year ended December 31, 2006: 1. 1122(d)(3)(i) - Delinquency Reporting - The Company provided incomplete data to some third parties who use such data to calculate delinquency ratios and determine the status of loans with respect to bankruptcy, foreclosure or real estate owned. Instead of the actual due date being provided for use in calculating delinquencies, the date of the first payment due to the security was provided. 2. 1122(d)(4)(vii) - Notification of Intent to Foreclose - The Company, as required by certain servicing agreements, did not provide investors with prior notification of intent to foreclose. (page) (logo) KPMG As described in the accompanying 2006 Certification Regarding Compliance with Applicable Servicing Criteria, for servicing criteria 1122(d)(2)(i), 1122(d)(2)(vi), 1122(d)(4)(iv), 1122(d)(4)(xi), and 1122(d)(4)(xiii), the Company has engaged various vendors to perform the activities required by these servicing criteria. The Company has determined that these vendors are not considered "servicers" as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations ("Interpretation 17.06"), with the exception of those vendors who have provided their own reports on assessment of compliance with servicing criteria to the Company, for which the Company does not take such responsibility. As permitted by Interpretation 17.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendors' activities comply in all material respects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendors and related criteria as described in its assertion, and we performed no procedures with respect to the Company's eligibility to apply Interpretation 17.06. In our opinion, except for the instances of 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, 2006. /s/ KPMG LLP Des Moines, Iowa March 1, 2007 KPMG LLP, a U.S. limited liability partnership, is the U.S. member firm of KPMG International, a Swiss cooperative. EX-34 (d) (logo) KPMG KPMG LLP 303 East Wacker Drive Chicago, IL 60801-5212 Report of Independent Registered Public Accounting Firm The Board of Directors The Corporate Trust Services division of Wells Fargo Bank, National Association: We have examined the compliance of the Corporate Trust Services division of Wells Fargo Bank, National Association (the Company) with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as amended) residential mortgage-backed securities, commercial mortgage-backed securities and other asset-backed securities, for which the Company provides master servicing, trustee, securities administration or paying agent services, excluding transactions issued by any agency or instrumentality of the U.S. government or any government sponsored entity (the Platform), except for servicing criteria 1122(d)(1)(iii), 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which the Company has determined are not applicable to the activities it performs with respect to the Platform, as of and for the twelve months ended December 31, 2006. Management is responsible for the Company's compliance with those servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination. Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the individual asset-backed transactions and securities that comprise the Platform, testing of less than all of the servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. 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. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria. As described in the accompanying management's Assessment of Compliance With Applicable Servicing Criteria, for servicing criteria 1122(d)(4)(i), the Company has engaged various vendors to perform the activities required by these servicing criteria. The Company has determined that these vendors are not considered a "servicer" as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations ("Interpretation 17.06"). As permitted by Interpretation 17.06, the Company has asserted that it has policies and KPMG LLP, a U.S. limited liability partnership, in the U.S. member firm of KPMG International, a Swiss cooperative. (page) (logo) KPMG procedures in place designed to provide assurance that the vendors' activities comply in all material respects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendors and related criteria as described in its assertion, and we performed no procedures with respect to the Company's eligibility to apply Interpretation 17.06. Our examination disclosed material noncompliance with criterion 1122(d)(3)(i), as applicable to the Company during the twelve months ended December 31, 2006. Certain monthly investor or remittance reports included errors in the calculation and/or the reporting of delinquencies for the pool assets. In our opinion, except for the material non-compliance described above, the Company complied, in all material respects, with the aforementioned servicing criteria, including servicing criteria for which compliance is determined based on Interpretation 17.06 as discussed above, as of and for the twelve months ended December 31, 2006. /s/ KPMG LLP Chicago, IL 60601 March 1, 2007 EX-34 (e) (logo) KPMG KPMG LLP 303 East Wacker Drive Chicago, IL 60801-5212 Report of Independent Registered Public Accounting Firm The Board of Directors The Corporate Trust Services division of Wells Fargo Bank, National Association: We have examined the compliance of the Corporate Trust Services division of Wells Fargo Bank, National Association (the Company) with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as amended) residential mortgage-backed securities, commercial mortgage-backed securities and other asset-backed securities, for which the Company provides master servicing, trustee, securities administration or paying agent services, excluding transactions issued by any agency or instrumentality of the U.S. government or any government sponsored entity (the Platform), except for servicing criteria 1122(d)(1)(iii), 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which the Company has determined are not applicable to the activities it performs with respect to the Platform, as of and for the twelve months ended December 31, 2006. Management is responsible for the Company's compliance with those servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination. Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the individual asset-backed transactions and securities that comprise the Platform, testing of less than all of the servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. 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. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria. As described in the accompanying management's Assessment of Compliance With Applicable Servicing Criteria, for servicing criteria 1122(d)(4)(i), the Company has engaged various vendors to perform the activities required by these servicing criteria. The Company has determined that these vendors are not considered a "servicer" as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations ("Interpretation 17.06"). As permitted by Interpretation 17.06, the Company has asserted that it has policies and KPMG LLP, a U.S. limited liability partnership, in the U.S. member firm of KPMG International, a Swiss cooperative. (page) (logo) KPMG procedures in place designed to provide assurance that the vendors' activities comply in all material respects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendors and related criteria as described in its assertion, and we performed no procedures with respect to the Company's eligibility to apply Interpretation 17.06. Our examination disclosed material noncompliance with criterion 1122(d)(3)(i), as applicable to the Company during the twelve months ended December 31, 2006. Certain monthly investor or remittance reports included errors in the calculation and/or the reporting of delinquencies for the pool assets. In our opinion, except for the material non-compliance described above, the Company complied, in all material respects, with the aforementioned servicing criteria, including servicing criteria for which compliance is determined based on Interpretation 17.06 as discussed above, as of and for the twelve months ended December 31, 2006. /s/ KPMG LLP Chicago, IL 60601 March 1, 2007 EX-34 (f) (logo) ERNST & YOUNG Ernst & Young LLP Suite 2800 600 Peachtree Street Atlanta, Georgia 30308-2215 Phone: (404) 874-8300 www.ey.com Report of Independent Registered Public Accounting Firm We have examined management's assertion, included in the accompanying Report on Assessment of Compliance with Securities and Exchange Commission's Regulation AB Servicing Criteria, that ZC Sterling Insurance Agency, Inc. (the Company) complied with certain servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for the ZC Sterling Integrated Product Solution (ZIPS) hazard insurance outsourcing Platform (Platform) as of and for the year ended December 31, 2006. The Company has determined that only certain servicing criteria 1122 (d) 1(iv), 1122 (d) 2(vi), 1122 (d) 4(xi), 1122 (d) 4(xii), and 1122 (d) 4(xiii) are applicable to the activities performed by them with respect to the Platform covered by this report. The Company has determined that the remaining servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB are not applicable to the activities performed by them with respect to the Platform covered by this report. See Appendix A of management's assertion for the Platform covered by this report. Management is responsible for the Company's compliance with those servicing criteria, Our responsibility is to express an opinion on management's assertion about the Company's compliance with the servicing criteria based on our examination. Our examination was conducted in accordance with standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the servicing activities related to the Platform, and determining whether the Company performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the servicing activities performed by the Company during the period covered by this report. 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 Platform. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria. In our opinion, management's assertion that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2006 for the ZIPS Platform is fairly stated, in all material respects. /s/ Ernst & Young LLP February 20, 2007 A Member Practice of Ernst & Young Global EX-35 (a) (logo) WELLS FARGO HOME MORTGAGE Wells Fargo Home Mortgage One Home Campus Des Moines,IA 50328-0001 Wells Fargo Bank, N.A. Servicer Compliance Statement 1. I, John B. Brown, Senior Vice President of Wells Fargo Bank, N.A. ("Wells Fargo") hereby state that a review of the activities of Wells Fargo during the calendar year 2006 and of Wells Fargo's performance under the servicing agreement(s) listed on the attached Exhibit A (the "Servicing Agreement(s)") has been made under my supervision. 2. To the best of my knowledge, based on such review , Wells Fargo has fulfilled all of its obligations under the Servicing Agreement(s) in all material respects throughout 2006. /s/ John B. Brown John B. Brown Senior Vice President Wells Fargo Bank, N.A. March 1, 2007 Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. (page) EXHIBIT A
MASTER SERVICER/TRUSTEE CLIENT INV# INV DEAL NAME 708 349 WELLS FARGO HE TRUST WELLS FARGO CTS WFHET 2006-2 708 B80 WELLS FARGO HE TRUST WELLS FARGO CTS WFHET 2005-4 708 B84 WELLS FARGO HE TRUST WELLS FARGO CTS WFHET 2006-1 708 J82 WELLS FARGO HE TRUST WELLS FARGO CTS WFHET 2004-1 708 L65 WELLS FARGO HE TRUST WELLS FARGO CTS WFHET 2005-1 708 M46 WELLS FARGO HE TRUST WELLS FARGO CTS WFHET 2005-3 708 M72 WELLS FARGO HE TRUST WELLS FARGO CTS WFHET 2005-2 708 N33 WELLS FARGO HE TRUST WELLS FARGO CTS WFHET 2004-2 (page) 106 800 NOMURA PMSR WELLS FARGO CTS NAAC 2005-AP1 106 801 NOMURA PMSR WELLS FARGO CTS NAAC 2004-AP3 106 802 NOMURA PMSR WELLS FARGO CTS NAAC 2005-AP3 106 810 NOMURA PMSR WELLS FARGO CTS NAAC 2005-AP2 106 811 NOMURA PMSR WELLS FARGO CTS NAAC 2005-AP3 106 812 NOMURA PMSR WELLS FARGO CTS NAAC 2005-AR3 106 813 NOMURA PMSR WELLS FARGO CTS NAAC 2005-AR4 106 814 NOMURA PMSR WELLS FARGO CTS NAAC 2005-AR5 106 815 NOMURA PMSR WELLS FARGO CTS NAAC 2006-AP1 106 816 NOMURA PMSR WELLS FARGO CTS NHELI 2006-HEI 106 817 NOMURA PMSR WELLS FARGO CTS 2005-AR6 106 818 NOMURA PMSR WELLS FARGO CTS 2006-AR1 106 819 NOMURA PMSR WELLS FARGO CTS NAAC 2006-AR2 106 821 NOMURA PMSR WELLS FARGO CTS NAAC 2006-AF1 106 822 NOMURA PMSR WELLS FARGO CTS NAAC 2006-AF2 708 232 NOMURA WELLS FARGO CTS NAAC 2004-R2 708 362 NOMURA WELLS FARGO CTS NHELI 2006-WF1 708 392 NOMURA WELLS FARGO CTS NHELI 2006-HE3 708 451 NOMURA WELLS FARGO CTS NAAC 2006-WF1 708 826 NORMURA WELLS FARGO CTS NHEL 2006-AF1 708 L46 NOMURA WELLS FARGO CTS NAAC 2005-WF1 708 M50 NOMURA WELLS FARGO CTS NAAC 2005-AP3 (page) 472 B35 BANK OF AMERICA SERV BAFC 2006-A 472 L63 BANK OF AMERICA SERV BAFC 2005-D 591 J78 BANK OF AMERICA WFB MASTER SERVICING BAFC 2004-1 591 M01 BANK OF AMERICA WFB MASTER SERVICING ABFC 2002-W1 591 M07 BANK OF AMERICA WFB MASTER SERVICING ABFC 2002-WF2 591 P45 BANK OF AMERICA WFB MASTER SERVICING BAFC 2003-1 708 366 BANK OF AMERICA SERV BAFC 2006-4 SS#RB16 708 846-001 BANK OF AMERICA MASTERSERV BAFC 2006-I 708 849-001 BANK OF AMERICA SERV BAFC 2006-J 708 B15 BANK OF AMERICA SERV BAFC 2006-1 708 B30 BANK OF AMERICA SERV BAFC 2005-07 708 B32 BANK OF AMERICA SERV BAFC 2006-D 708 B35 BANK OF AMERICA SERV BAFC 2006-A 708 B42 BANK OF AMERICA SERV BAFC 2006-2 708 B50 BANK OF AMERICA SERV BAFC 2006-3 708 B65 BANK OF AMERICA SERV BAFC 2005-8 708 B83 BANK OF AMERICA SERV BAFC 2006-F 708 L16 BANK OF AMERICA SERV BAFC 2005-2 708 L29 BANK OF AMERICA SERV ABFC 2005-WF1 708 L51 BANK OF AMERICA SERV BAFC 2005-3 708 L63 BANK OF AMERICA SERV BAFC 2005-D 708 L73 BANK OF AMERICA WFB MASTER SERVICING BAFC 2005-E 708 M36 BANK OF AMERICA WFB MASTER SERVICING BAFC 2005-6 SS#R964 708 M76 BANK OF AMERICA SERV BAFC 2005-05 SS#R919 708 P24 BANK OF AMERICA WFB MASTER SERVICING ABFC 2003-WF1 (page) 472 H62 COUNTRYWIDE WFB MASTER SERVICING FNMA 2002-W1 685 H62 COUNTRYWIDE WFB MASTER SERVICING FNMA 2002-W1 (page) 106 300 CSMC WELLS FARGO CTS PMSR CSFB 2003-29 106 301 CSMC WELLS FARGO CTS PMSR CSFB 2003-25 106 302 CSMC WELLS FARGO CTS PMSR CSFB 2003-27 106 303 CSMC WELLS FARGO CTS PMSR CSFB 2004-1 106 305 CSMC WELLS FARGO CTS PMSR CSFB 2004-AR1 106 306 CSMC WELLS FARGO CTS PMSR CSFB 2004-AR2 106 307 CSMC WELLS FARGO CTS PMSR CSFB 2004-AR3 106 308 CSMC WELLS FARGO CTS PMSR CSFB 2004-AR4 106 309 CSMC WELLS FARGO CTS PMSR CSFB 2004-4 106 311 CSMC WELLS FARGO CTS CSFB 2004-AR6 106 314 CSMC WELLS FARGO CTS CSFB 2004-5 106 315 CSMC WELLS FARGO CTS PMSR CSFB 2004-ARMT 1 106 316 CSMC WELLS FARGO CTS PMSR CSFB 2004-8 106 319 CSMC WELLS FARGO CTS PMSR CSFB ARMT 2004-3 106 321 CSMC WELLS FARGO CTS PMSR CSFB 2004-6 106 322 CSMC WELLS FARGO CTS PMSR CSFB 2004-7 106 324 CSMC WELLS FARGO CTS PMSR ARMT 2004-5 106 326 CSMC WELLS FARGO CTS PMSR CSFB 2005-1 106 327 CSMC WELLS FARGO CTS PMSR CSFB 2005-2 106 331 CSMC WELLS FARGO CTS PMSR CSFB 2005-4 106 332 CSMC WELLS FARGO CTS 2004-AR1 106 333 CSMC WELLS FARGO CTS 2004-AR2 106 334 CSMC WELLS FARGO CTS 2004-AR3 106 335 CSMC WELLS FARGO CTS 2004-AR4 106 336 CSMC WELLS FARGO CTS PMSR ARMT 2005-3 106 337 CSMC WELLS FARGO CTS PMSR ARMT 2005-4 106 345 CSMC WELLS FARGO CTS CSFB 2003-19 106 347 CSMC WELLS FARGO CTS PMSR ARMT 2005-5 106 348 CSMC WELLS FARGO CTS PMSR CSFB 2005-5 106 352 CSMC WELLS FARGO CTS PMSR CSFB 2005-6 106 353 CSMC WELLS FARGO CTS PMSR CSFB 2005-6 106 354 CSMC WELLS FARGO CTS PMSR CSFB 2004-3 106 355 CSMC WELLS FARGO CTS PMSR ARMT 2005-6A 106 357 CSMC WELLS FARGO CTS PMSR CSFB 2005-7 106 362 CSMC WELLS FARGO CTS PMSR CSFB 2003-21 106 363 CSMC WELLS FARGO CTS PMSR ARMT 2005-9 106 364 CSMC WELLS FARGO CTS CSFB PMSR 2005-8 106 365 CSMC WELLS FARGO CTS PMSR 2003-AR30 106 369 CSMC WELLS FARGO CTS PMSR 2005-9 106 374 CSMC WELLS FARGO CTS PMSR CSMC 2005-11 106 379 CSMC WELLS FARGO CTS CSMC PMSR 2006-2 106 383 CSMC WELLS FARGO CTS CSMC 2003-AR30 106 384 CSMC WELLS FARGO CTS CSAB 2006-1 106 402 CSMC WELLS FARGO CTS CSMC 2006-6 106 403 CSMC WELLS FARGO CTS ARMT 2006-3 106 405 CSMC WELLS FARGO CTS CSFB 2005-12 106 408 CSMC WELLS FARGO CTS CSMC 2006-8 106 409 CSMC WELLS FARGO CTS CSAB 2006-2 106 508 CSMC WELLS FARGO CTS 2004-CF2 106 519 CSMC WELLS FARGO CTS CSFB 2005-1 106 526 CSMC WELLS FARGO CTS CSFB 2005-3 106 536 CSMC WELLS FARGO CTS CSFB 2005-6 106 542 CSMC WELLS FARGO CTS CSFB 2005-7 (page) 106 544 CSMC WELLS FARGO CTS CSFB 2005-8 106 551 CSMC WELLS FARGO CTS CSFB 2005-10 106 577 CSMC WELLS FARGO CTS CSMC 2006-8a 106 L62 CSMC WELLS FARGO CTS CSFB 2003-27 106 L70 CSMC WELLS FARGO CTS CSFB 2003-21 106 L76 CSMC WELLS FARGO CTS CSFB 2003-23 106 L81 CSMC WELLS FARGO CTS CSFB 2004-3 591 M64 CSMC WELLS FARGO CTS CSFB 2005-8 708 281 CSMC WELLS FARGO CTS FNT 2001-3 CALL DEAL 708 820 CSMC WELLS FARGO CTS CSMC 2006-8 708 821 CSMC WELLS FARGO CTS SEE CAT 708 827 CSMC WELLS FARGO CTS CSMC 2006-9 708 829 CSMC WELLS FARGO CTS CSAB 2006-3 708 839 CSMC WELLS FARGO CTS CSAB-2006-4 708 B49 CSMC WELLS FARGO CTS CSFB 2005-12 708 M64 CSMC WELLS FARGO CTS CSFB 2005-8 708 M86 CSMC WELLS FARGO CTS CSFB 2005-9 (page) 106 S50 DEUTSCHE BANK SUB WELLS FARGO CTS ACE 2004-HE3 106 S51 DEUTSCHE BANK SUB WELLS FARGO CTS ACE 2005-SD2 106 S52 DEUTSCHE BANK SUB WELLS FARGO CTS ACE 2005-SD2 - DSI 106 S53 DEUTSCHE BANK SUB WELLS FARGO CTS ACE 2005-HE5 106 S54 DEUTSCHE BANK WELLS FARGO CTS ACE 2005 SD3 106 S55 DEUTSCHE BANK SUB WELLS FARGO CTS 2ACE 2005-SD3 - DSI 106 S56 DEUTSCHE BANK SUB WELLS FARGO CTS ACE 2006-SD1 106 S57 DEUTSCHE BANK SUB WELLS FARGO CTS ACE 2006-SD1- DSI 106 S58 DEUTSCHE BANK SUB WELLS FARGO CTS ACE 2006-SD2 106 S59 DEUTSCHE BANK SUB WELLS FARGO CTS ACE 2006-SD2- DSI 106 X01 DEUTSCHE BANK PMSR WELLS FARGO CTS ACE 2005-HE5 106 X03 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT05AR1 106 X04 DEUTSCHE BANK PMSR WELLS FARGO CTS ACE 2005-HE7 106 X05 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT2005-4 106 X06 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT05-AR2 106 X07 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT2005-5 106 X08 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT2005-6 106 X13 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT 2006-AB2 106 X15 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT 2006-AB3 106 X16 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT 2006-AR3 106 X17 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT 2006-AB4 106 X18 DEUTSCHE BANK PMSR WELLS FARGO CTS DBALT 2006-AR4 106 X19 DEUTSCHE PMSR WELLS FARGO CTS DBALT 2006-AR5 591 H29 DEUTSCHE BANK WELLS FARGO CTS ACE 2001-HE1 591 J27 DEUTSCHE BANK WELLS FARGO CTS ACE 2003-HE1 591 L69 DEUTSCHE BANK WELLS FARGO CTS ACE 2005-SD2 591 Q68 DEUTSCHE BANK WELLS FARGO CTS ACE 2002-HE2 708 372 DEUTSCHE BANK WELLS FARGO CTS DBALT 2006-AB3 708 483 DEUTSCHE BANK WELLS FARGO CTS DBALT 2006-AB4 708 830 DEUTSCHE BANK WELLS FARGO CTS DBALT 2006-AR5 708 B63 DEUTSCHE BANK WELLS FARGO CTS DBALT 2006-AF1 708 B88 DEUTSCHE BANK WELLS FARGO CTS DBALT 2006-AB1 708 J83 DEUTSCHE BANK WELLS FARGO CTS ACE 2004-HE1 708 L86 DEUTSCHE BANK WELLS FARGO CTS ACE 2005-WF1 (page) 591 185 EMC WELLS FARGO CTS BSALTA 2006-8 708 341 EMC WELLS FARGO CTS BSABS 2006-2 708 342 EMC WELLS FARGO CTS BSARM 2006-2 591 369 EMC WELLS FARGO CTS BSALTA 2006-4 708 369 EMC WELLS FARGO CTS BSALTA 2006-4 472 376 EMC WELLS FARGO CTS 2001-2 591 376 EMC WELLS FARGO CTS 2001-2 685 376 EMC WELLS FARGO CTS 2001-2 472 382 EMC WELLS FARGO CTS 2001-1 472 437 EMC WELLS FARGO CTS BSABS 2006-SD3 591 437 EMC WELLS FARGO CTS BSABS 2006-SD3 685 437 EMC WELLS FARGO CTS BSABS 2006-SD3 708 437 EMC WELLS FARGO CTS BSABS 2006-SD3 472 888 EMC WELLS FARGO CTS BSALTA 2006-7 708 888 EMC WELLS FARGO CTS BSALTA 2006-7 708 909 EMC WELLS FARGO CTS BSALTA 2004-7 685 931 EMC WELLS FARGO CTS BSABS 2004-SD3 708 931 EMC WELLS FARGO CTS BSABS 2004-SD3 591 B13 EMC WELLS FARGO CTS BART 2006-1 708 B13 EMC WELLS FARGO CTS BART 2006-1 591 B22 EMC WELLS FARGO CTS PRIME 2004-2 708 B22 EMC WELLS FARGO CTS PRIME 2004-2 472 B23 EMC WELLS FARGO CTS BSABS 2006-SD1 685 B23 EMC WELLS FARGO CTS BSABS 2006-SD1 708 B23 EMC WELLS FARGO CTS BSABS 2006-SD1. 591 B53 EMC WELLS FARGO CTS BSALTA 2005-10 708 B66 EMC WELLS FARGO CTS BART 2005-12 591 B88 EMC WELLS FARGO CTS * 591 D29 EMC WELLS FARGO CTS BSARM 2004-8 708 D29 EMC WELLS FARGO CTS BSARM 2004-8 591 H68 EMC WELLS FARGO CTS WFHM 2002-W08 472 H78 EMC WELLS FARGO CTS FNMA 2002-26 685 H78 EMC WELLS FARGO CTS EMC FNMA 2002-26 591 H82 EMC WELLS FARGO CTS BART 2003-6 472 H84 EMC WELLS FARGO CTS FNMA 2002-33 685 H84 EMC WELLS FARGO CTS FNMA 2002-33 472 H94 EMC WELLS FARGO CTS BSABS 2002-1 591 H94 EMC WELLS FARGO CTS BSABS 2002-1 685 H94 EMC WELLS FARGO CTS BSABS 2002-1 591 J05 EMC WELLS FARGO CTS BSABS 685 J05 EMC WELLS FARGO CTS BSABS 708 J05 EMC WELLS FARGO CTS BSABS 591 J12 EMC WELLS FARGO CTS BART 2003-7 708 J12 EMC WELLS FARGO CTS BART 2003-7 472 J17 EMC WELLS FARGO CTS BSABS 2003-SD3 591 J17 EMC WELLS FARGO CTS BSABS 2003-SD3 685 J17 EMC WELLS FARGO CTS BSABS 2003-SD3 708 J17 EMC WELLS FARGO CTS BSABS 2003-SD3 (page) 591 J29 EMC WELLS FARGO CTS OPTRED 12-03 685 J29 EMC WELLS FARGO CTS OPTRED 12-03 472 J55 EMC WELLS FARGO CTS PRIME TRUST 2004-CL1 591 J55 EMC WELLS FARGO CTS PRIME TRUST 2004-CL1 685 J55 EMC WELLS FARGO CTS PRIME TRUST 2004-CL1 591 J61 EMC WELLS FARGO CTS BART 2004-1 708 J61 EMC WELLS FARGO CTS BART 2004-1 591 J72 EMC WELLS FARGO CTS PRIME TRUST 2004-CL2 472 J76 EMC WELLS FARGO CTS BSABS 2004-SD1 591 J76 EMC WELLS FARGO CTS BSABS 2004-SD1 685 J76 EMC WELLS FARGO CTS BSABS 2004-SD1 708 J76 EMC WELLS FARGO CTS BSABS 2004-SD1 472 J79 EMC WELLS FARGO CTS BSALTA 2005-5 591 J79 EMC WELLS FARGO CTS BSALTA 2005-5 591 J94 EMC WELLS FARGO CTS BSABS 2004-SD2 708 J94 EMC WELLS FARGO CTS BSABS 2004-SD2 708 K22 EMC WELLS FARGO CTS BART 2004-11 708 L00 EMC WELLS FARGO CTS BART 2005-1 708 L05 EMC WELLS FARGO CTS BSALTA 2005-2 472 L27 EMC WELLS FARGO CTS BSALTA 2005-4 591 L27 EMC WELLS FARGO CTS BALTA 2005-4 591 L50 EMC WELLS FARGO CTS BART 2005-4 708 L50 EMC WELLS FARGO CTS BART 2005-4 708 L56 EMC WELLS FARGO CTS PRIME 2005-2 591 L81 EMC WELLS FARGO CTS BART 2005-5 708 L81 EMC WELLS FARGO CTS BART 2005-5 MS#B378 472 M43 EMC WELLS FARGO CTS BART 2005-10 SS#B443 591 M43 EMC WELLS FARGO CTS BART 2005-10 708 M43 EMC WELLS FARGO CTS BART 2005-10 SS#B443 708 M53 EMC WELLS FARGO CTS BSABS I 2005-AC6 MS#B398 708 M61 EMC WELLS FARGO CTS PRIME 2005-3 MS#R937 708 M78 EMC WELLS FARGO CTS PRIME 2005-4 S/S#R953 708 M87 EMC WELLS FARGO CTS BART 2005-9 S/S#B431 472 M88 EMC WELLS FARGO CTS BSABS 2005-SD4 591 M88 EMC WELLS FARGO CTS BSABS 2005-SD4 685 M88 EMC WELLS FARGO CTS BSABS 2005-SD4 708 M88 EMC WELLS FARGO CTS BSABS 2005-SD4 591 P25 EMC WELLS FARGO CTS BSART 2003-1 708 P25 EMC WELLS FARGO CTS BSART 2003-1 472 P28 EMC WELLS FARGO CTS BSABS 2003-1 591 P28 EMC WELLS FARGO CTS BSABS 2003-1 685 P28 EMC WELLS FARGO CTS BSABS 2003-1 591 P47 EMC WELLS FARGO CTS BART 2003-3 708 P47 EMC WELLS FARGO CTS BART 2003-3 472 P69 EMC WELLS FARGO CTS BSABS 2003-2 591 P69 EMC WELLS FARGO CTS BSABS 2003-2 685 P69 EMC WELLS FARGO CTS BSABS 2003-2 708 P69 EMC WELLS FARGO CTS BSABS 2003-2 472 P76 EMC WELLS FARGO CTS FNMA GT 685 P76 EMC WELLS FARGO CTS FNMA GT 472 P80 EMC WELLS FARGO CTS SAMI 2003-CL1 591 P86 EMC WELLS FARGO CTS BSARM 2003-5 (page) 708 P86 EMC WELLS FARGO CTS BSARM 2003-5 472 P95 EMC WELLS FARGO CTS BSABS 2003-SD1 591 P95 EMC WELLS FARGO CTS BSABS 2003-SD1 685 P95 EMC WELLS FARGO CTS BSABS 2003-SD1 708 P95 EMC WELLS FARGO CTS BSABS 2003-SD1 472 Q15 EMC WELLS FARGO CTS 5435-5437 685 Q15 EMC WELLS FARGO CTS 5435-5437 472 Q24 EMC WELLS FARGO CTS BSABS 2002-2 591 Q24 EMC WELLS FARGO CTS BSABS 2002-2 685 Q24 EMC WELLS FARGO CTS BSABS 2002-2 591 Q81 EMC WELLS FARGO CTS BART 2002-11 708 Q81 EMC WELLS FARGO CTS BART 2002-11 472 Q82 EMC WELLS FARGO CTS 2002-90 FNMA 685 Q82 EMC WELLS FARGO CTS FNMA 2002-90 591 Q94 EMC WELLS FARGO CTS BSARM 2002-12 708 Q94 EMC WELLS FARGO CTS BSARM 2002-12 106 V51 EMC SUB BSABS WELLS FARGO CTS BSABS 2005-SD3 2005-SD3 106 V52 EMC SUB BSABS WELLS FARGO CTS BSABS 2005-SD4 2005-SD4 106 Y24 EMC PMSR WELLS FARGO CTS BSALTA 2004-10 BSALTA 2004-10 106 Y25 EMC PMSR WELLS FARGO CTS BSALTA 2004-11 BSALTA 2004-11 106 Y26 EMC PMSR WELLS FARGO CTS BSABS 2002-AC1 BSABS 2002-AC1 106 Y32 EMC PMSR WELLS FARGO CTS BSABS 2003-AC3 BSABS 2003-AC3 106 Y33 EMC PMSR WELLS FARGO CTS BSABS 2003-AC4 BSABS 2003-AC4 106 Y34 EMC PMSR WELLS FARGO CTS BSABS 2003-AC5 BSABS 2003-AC5 106 Y35 EMC PMSR WELLS FARGO CTS BSABS 2003-AC6 BSABS 2003-AC6 106 Y36 EMC PMSR WELLS FARGO CTS BSABS 2003-AC7 BSABS 2003-AC7 106 Y37 EMC PMSR WELLS FARGO CTS BSABS 2004-AC1 BSABS 2004-AC1 106 Y38 EMC PMSR WELLS FARGO CTS BSABS 2004-AC2 BSABS 2004-AC2 106 Y39 EMC PMSR WELLS FARGO CTS BSABS 2004-AC3 BSABS 2004-AC3 106 Y40 EMC PMSR WELLS FARGO CTS BSABS 2004-AC4 BSABS 2004-AC4 106 Y41 EMC PMSR WELLS FARGO CTS BSABS 2004-AC5 BSABS 2004-AC5 106 Y42 EMC PMSR WELLS FARGO CTS BSABS 2004-AC6 BSABS 2004-AC6 106 Y43 EMC PMSR WELLS FARGO CTS BSABS 2004-AC7 BSABS 2004-AC7 106 Y44 EMC PMSR WELLS FARGO CTS BSABS 2005-AC1 BSABS 2005-AC1 (page) 106 Y45 EMC PMSR WELLS FARGO CTS BSABS 2005-AC2 BSABS 2005-AC2 106 Y46 EMC PMSR WELLS FARGO CTS BSABS 2005-AC3 BSABS 2005-AC3 106 Y47 EMC PMSR WELLS FARGO CTS PRIME 2003-2 PRIME 2003-2 106 Y48 EMC PMSR WELLS FARGO CTS PRIME 2003-3 PRIME 2003-3 106 Y49 EMC PMSR WELLS FARGO CTS PRIME 2004-1 PRIME 2004-1 106 Y50 EMC PMSR WELLS FARGO CTS PRIME 2005-1 PRIME 2005-1 106 Y53 EMC PMSR WELLS FARGO CTS PRIME 2005-2 PRIME 2005-2 106 Y64 EMC PMSR WELLS FARGO CTS BSABS 2003-AC4 BSABS 2003-AC4 106 Y65 EMC PMSR WELLS FARGO CTS BSABS 2004-AC4 BSABS 2004-AC4 106 Y66 EMC PMSR WELLS FARGO CTS BSABS 2005-AC1 BSABS 2005-AC1 106 Y68 EMC PMSR WELLS FARGO CTS PRIME 2005-5 PRIME 2005-5 106 Y69 EMC PMSR WELLS FARGO CTS BSABS 2006-AC1 BSABS 2006-AC1 106 Y70 EMC PMSR WELLS FARGO CTS BSABS 2006-AC2 BSABS 2006-AC2 106 Y72 EMC PMSR WELLS FARGO CTS BSABS 2004-AC4 BSABS 2004-AC4 106 Y74 EMC PMSR WELLS FARGO CTS BSALTA 2004-03 BSALTA 2004-03 106 Y75 EMC PMSR WELLS FARGO CTS BSALTA 2004-04 BSALTA 2004-04 106 Y76 EMC PMSR WELLS FARGO CTS BSALTA 2004-06 BSALTA 2004-06 106 Y77 EMC PMSR WELLS FARGO CTS BSALTA 2004-08 BSALTA 2004-08 106 Y78 EMC PMSR WELLS FARGO CTS BSALTA 2004-09 BSALTA 2004-09 106 Y79 EMC PMSR WELLS FARGO CTS BSALTA 2004-12 BSALTA 2004-12 106 Y80 EMC PMSR WELLS FARGO CTS BSALTA 2005-02 BSALTA 2005-02 106 Y81 EMC PMSR WELLS FARGO CTS BSALTA 2005-03 BSALTA 2005-03 106 Y84 EMC PMSR WELLS FARGO CTS BSALTA 2004-07 BSALTA 2004-07 106 Y85 EMC PMSR WELLS FARGO CTS BSALTA 2005-04 BSALTA 2005-04 106 Y86 EMC PMSR WELLS FARGO CTS BSALTA 2005-05 BSALTA 2005-05 106 Y87 EMC PMSR WELLS FARGO CTS BSABS 2005-AC4 BSABS 2005-AC4 (page) 106 Y88 EMC PMSR WELLS FARGO CTS BSABS 2005-AC5 BSABS 2005-AC5 106 Y89 EMC PMSR WELLS FARGO CTS BSALTA 2005-07 BSALTA 2005-07 106 Y91 EMC PMSR WELLS FARGO CTS BSABS 2005-AC6 BSABS 2005-AC6 106 Y92 EMC PMSR WELLS FARGO CTS BSALTA 2005-08 BSALTA 2005-08 106 Y93 EMC PMSR WELLS FARGO CTS BSABS 2005-AC7 BSABS 2005-AC7 106 Y94 EMC PMSR WELLS FARGO CTS BSALTA 2005-09 BSALTA 2005-09 106 Y96 EMC PMSR WELLS FARGO CTS PRIME 2005-4GRP PRIME 2005- 4GRP 106 Y97 EMC PMSR WELLS FARGO CTS LUMINENT 2005-1 106 Y98 EMC PMSR WELLS FARGO CTS BSABS 2005-AC8 BSABS 2005-AC8 106 Y99 EMC PMSR WELLS FARGO CTS BSABS 2005-AC9 BSABS 2005-AC9 106 ZO1 EMC PMSR WELLS FARGO CTS BSALTA 2005-10 BSALTA 2005-10 106 Z02 EMC PMSR WELLS FARGO CTS BSALTA 2006-01 BSALTA 2006-01 106 Z03 EMC PMSR WELLS FARGO CTS BSALTA 2004-08 BSALTA 2004-08 106 Z04 EMC PMSR WELLS FARGO CTS BSALTA 2005-04 BSALTA 2005-04 106 Z05 EMC PMSR WELLS FARGO CTS BSALTA 2005-04 BSALTA 2005-04 106 Z06 EMC PMSR WELLS FARGO CTS BSARM 2005-3 BSARM 2005-3 106 Z07 EMC PMSR WELLS FARGO CTS BSARM 2005-4 BSARM 2005-4 106 Z08 EMC PMSR WELLS FARGO CTS BSALTA 2005-5 BSALTA 2005-5 106 Z09 EMC PMSR WELLS FARGO CTS BSALTA 2005-7 BSALTA 2005-7 106 Z10 EMC PMSR WELLS FARGO CTS BSALTA 2005-7 BSALTA 2005-7 106 Z11 EMC PMSR WELLS FARGO CTS BSARM 2005-7 BSARM 2005-7 106 Z12 EMC PMSR WELLS FARGO CTS BSARM 2005-6 BSARM 2005-6 106 Z13 EMC PMSR WELLS FARGO CTS BSALTA 2005-8 BSALTA 2005-8 106 Z14 EMC PMSR WELLS FARGO CTS BSALTA 2005-9 BSALTA 2005-9 106 Z15 EMC PMSR WELLS FARGO CTS BSALTA 2005-9 BSALTA 2005-9 106 Z16 EMC PMSR WELLS FARGO CTS BSARM 2005-12 BSARM 2005-12 (page) 106 Z17 EMC PMSR WELLS FARGO CTS BSALTA 2005-02 BSALTA 2005-02 106 Z18 EMC PMSR WELLS FARGO CTS BSALTA 2005-5 BSALTA 2005-5 106 Z22 EMC PMSR WELLS FARGO CTS BSALTA 2004-3 BSALTA 2004-3 106 Z23 EMC PMSR WELLS FARGO CTS BSALTA 2004-4 BSALTA 2004-4 106 Z24 EMC PMSR WELLS FARGO CTS BSALTA 2004-5 BSALTA 2004-5 106 Z25 EMC PMSR WELLS FARGO CTS BSALTA 2004-6 BSALTA 2004-6 106 Z26 EMC PMSR WELLS FARGO CTS BSALTA 2004-7 BSALTA 2004-7 106 Z27 EMC PMSR WELLS FARGO CTS BSALTA 2004-8 BSALTA 2004-8 106 Z28 EMC PMSR WELLS FARGO CTS BSALTA 2004-9 BSALTA 2004-9 106 Z29 EMC PMSR WELLS FARGO CTS BSALTA 2004-10 BSALTA 2004-10 106 Z30 EMC PMSR WELLS FARGO CTS BSALTA 2004-11 BSALTA 2004-11 106 Z31 EMC PMSR WELLS FARGO CTS BSARM 2004-8 BSARM 2004-8 106 Z32 EMC PMSR WELLS FARGO CTS BSALTA 2004-12 BSALTA 2004-12 106 Z33 EMC PMSR WELLS FARGO CTS BSARM 2004-12 BSARM 2004-12 106 Z34 EMC PMSR WELLS FARGO CTS BSALTA 2005-02 BSALTA 2005-02 106 Z35 EMC PMSR WELLS FARGO CTS BSARM 2005-1 BSARM 2005-1 106 Z36 EMC PMSR WELLS FARGO CTS BSALTA 2005-3 BSALTA 2005-3 106 Z37 EMC PMSR WELLS FARGO CTS BSALTA 2006-2 BSALTA 2006-2 106 Z38 EMC PMSR WELLS FARGO CTS BSABS 2006-AC1 BSABS 2006-AC1 106 Z39 EMC PMSR WELLS FARGO CTS BSABS 2006-AC3 BSABS 2006-AC3 106 Z40 EMC PMSR WELLS FARGO CTS BSALTA 2006-3 BSALTA 2006-3 106 Z44 EMC PMSR WELLS FARGO CTS BSALTA 2005-8 BSALTA 2005-8 106 Z46 EMC PMSR WELLS FARGO CTS PRIME 2006-1 PRIME 2006-1 106 Z47 EMC PMSR WELLS FARGO CTS BSABS 2006-SD2 BSABS 2006-SD2 106 Z50 EMC PMSR WELLS FARGO CTS BSALTA 2004-11 BSALTA 2004-11 106 Z51 EMC PMSR WELLS FARGO CTS BSALTA 2004-12 BSALTA 2004-12 (page) 106 Z52 EMC PMSR WELLS FARGO CTS BSABS 2006-AC2 BSABS 2006-AC2 106 Z53 EMC PMSR WELLS FARGO CTS BSABS 2006-AC4 BSABS 2006-AC4 106 Z54 EMC PMSR BSMF WELLS FARGO CTS BSMF 2006-AC1 2006-AC1 106 Z55 EMC PMSR WELLS FARGO CTS BSABS 2005-AC9 BSABS 2005-AC9 106 Z56 EMC PMSR WELLS FARGO CTS BSABS 2006-AC1 BSABS 2006-AC1 106 Z57 EMC PMSR WELLS FARGO CTS BSABS 2006-AC2 BSABS 2006-AC2 106 Z58 EMC PMSR WELLS FARGO CTS BSALTA 2006-7a BSALTA 2006-7a 106 Z59 EMC PMSR WELLS FARGO CTS BSABS 2006-AC3 BSABS 2006-AC3 106 Z60 EMC PMSR WELLS FARGO CTS PRIME 2005-2 PRIME 2005-2 106 Z61 EMC PMSR WELLS FARGO CTS PRIME 2005-5 PRIME 2005-5 106 Z62 EMC PMSR WELLS FARGO CTS PRIME 2006-1 PRIME 2006-1 (page 708 F32 GOLDMAN SACHS WELLS FARGO CTS GSR 2004-14 472 440 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2006-RP2 472 B70 GOLDMAN SACHS WELLS FARGO CTS GSR 2006-AR2 591 822 GOLDMAN SACHS WELLS FARGO CTS GSRPM 2006-16 591 L18 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR2 591 L66 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR4 685 440 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2006-RP2 685 L02 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2005-RP1 708 395 GOLDMAN SACHS WELLS FARGO CTS GSAA 2006-14 708 440 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2006-RP2 708 822 GOLDMAN SACHS WELLS FARGO CTS GSRPM 2006-16 708 B07 GOLDMAN SACHS WELLS FARGO CTS GSR 2006-AR1 708 B70 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR2 708 K42 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR1 708 L02 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2005-RP1 708 L18 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR2 708 L34 GOLDMAN SACHS WELLS FARGO CTS GSAA 2005-5 708 L64 GOLDMAN SACHS WELLS FARGO CTS GSAA 2005-7 708 L66 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR4 106 G03 GOLDMAN PMSR GSAA 2006-1 WELLS FARGO CTS GSAA 2005-9 106 G07 GOLDMAN PMSR GSR 2005-9F WELLS FARGO CTS GSR 2005-8F 106 G08 GOLDMAN PMSR GSR 2005-AR WELLS FARGO CTS GSR 2005-9F 106 G09 GOLDMAN PMSR GSR 2005AR5 WELLS FARGO CTS GSR 2005-AR3 106 G11 GOLDMAN PMSR GSAA 200512 WELLS FARGO CTS GSAA 2005-11 106 G13 GOLDMAN PMSR GSAA 2005-6 WELLS FARGO CTS GSAA 2005-14 106 G14 GOLDMAN PMSR GSAA 2005-9 WELLS FARGO CTS GSAA 2005-6 106 G15 GOLDMAN PMSR GSAA 200615 WELLS FARGO CTS GSAA 2006-13 708 461 GOLDMAN SACHS WELLS FARGO CTS GSAA 2006-16 708 840 GOLDMAN SACHS WELLS FARGO CTS GSAA 2006-18 472 J11 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2003-02 472 J18 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2003-03 472 J62 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2004-1 472 K42 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR1 472 L02 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2005-RP1 472 P48 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2003-1 685 403 GOLDMAN SACHS WELLS FARGO CTS RMSC 1994-7 TRUST COLLAPS 685 J11 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2003-02 685 J18 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2003-03 685 J62 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2004-1 708 J62 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2004-1 708 M31 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR7 708 M57 GOLDMAN SACHS WELLS FARGO CTS GSR 2005-AR5 708 M92 GOLDMAN SACHS WELLS FARGO CTS GSAA 2005-12 936 J80 GOLDMAN SACHS GMPS 2003-2 WELLS FARGO CTS GSAMPS 2003-2 936 J81 GOLDMAN SACHS MTGE CO WELLS FARGO CTS GSAMPS 2003-3 936 J82 GOLDMAN SACH GSMPS2004-01 WELLS FARGO CTS GSMPS 2004-1 936 J83 GOLDMAN SACHS GSMPS2004-3 WELLS FARGO CTS GSMPS 2004-3 708 J11 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2003-02 708 J18 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2003-03 685 P48 GOLDMAN SACHS WELLS FARGO CTS GSMPS 2003-1 (page) 106 U06 GREENWICH PMSR SOUNDVIEW WF MASTER SERVICING SOUNDVIEW 2006-NLC1 708 M79 GREENWICH WFB MASTER SERVICING RBSGC 2005-A S/S #RB06 (page) 106 202 HSBC PMSR FFML 2006-FF11 WF MASTER SERVICING FFML 2006-FF11 106 203 HSBC PMSR HASCO 2006 HE1 WF MASTER SERVICING HASCO 2006 HE1 (page) 106 265 UBS SUB FROM HUD 601#2 UBS * 106 909 UBS PMSR GMAC WHOLE LNS UBS UBS GMAC WHOLE LOANS 106 915 UBS PMSR WHOLE LOANS UBS UBS WHOLE LOAN 472 H00 UBS UBS MMSTR 2004-1 AAR 591 H00 UBS UBS MMSTR 2004-1 AAR 685 H00 UBS UBS MMSTR 2004-1 AAR 708 H00 UBS UBS MMSTR 2004-1 AAR 591 H02 UBS UBS MASTR 2006-1 591 H03 UBS UBS * 472 K32 UBS UBS FANNIE MAE 2004-W14 685 K32 UBS UBS FANNIE MAE 2004-W14 708 K32 UBS UBS FANNIE MAE 2004-W14 472 L09 UBS UBS MARP 2005-1 685 L09 UBS UBS MARP 2005-1 708 L09 UBS UBS MARP 2005-1 708 M99 UBS UBS UBS 106 Q50 UBS SUB MASC 2004-2 UBS MASD 2004-2 106 Q51 UBS SUB MASTR SLT 2005-1 UBS UBS MASTR SLT 2005-1 106 Q52 UBS SUB MASD 2005-2 UBS MASD 2005-2 106 Q53 UBS SUB MASD 2005-3 UBS MASD 2005-3 106 Q54 UBS SUB MASD 2006-1 UBS MASD 2006-1 106 Q55 UBS SUB MASD 2006-2 UBS MASD 2006-2 106 Q56 UBS SUB MASD 2006-3 UBS MASD 2006-3 708 U04 UBS BANK UBS BANK UBS BANK 708 426 UBS WARBURG UBS WARBURG * 708 L76 UBS WARBURG UBS WARBURG WFMR 2005-M06 472 P68 UBS WARBURG UBS WARBURG WFHM CONFORMING (page) 106 726 LEHMAN PMSR SASCO 2006BC WELLS FARGO MASTER SERV SASCO 2006-BC3 106 729 LEHMAN PMSR SASCO 06-BC5 WELLS FARGO MASTER SERV SASCO 2006-BC5 106 731 LEHMAN PMSR SASCO 06-BC4 WELLS FARGO MASTER SERV SASCO 2006-BC4 106 K13 LEHMAN SUB SASCO 2006-BC5 WELLS FARGO MASTER SERV SASCO 2006-BC5 106 K16 LEHMAN SUB SASCO 2006-BC2 WELLS FARGO MASTER SERV SASCO 2006-BC2 106 K18 LEHMAN SUB SAIL 2006-3 WELLS FARGO MASTER SERV SAIL 2006-3 106 K68 LEHMAN SUB 2004-7 DSI WELLS FARGO MASTER SERV SAIL 2004-7 DSI (page) 708 175 MASSACHUSETTS MUTUAL WFB MASTER SERVICING * (page) 591 B04 MORGAN STANLEY WELLS FARGO CTS MSM 2005-11AR 591 BO1 MORGAN STANLEY WELLS FARGO CTS MSM 2005-9AR 591 B18 MORGAN STANLEY WELLS FARGO CTS MSM 2006-3AR 591 M33 MORGAN STANLEY WELLS FARGO CTS MSM 2005-6AR 591 M58 MORGAN STANLEY WELLS FARGO CTS MSM 2005-5AR 708 BO1 MORGAN STANLEY WELLS FARGO CTS MSM 2005-9AR 708 B04 MORGAN STANLEY WELLS FARGO CTS MSM 2005-11AR 708 B18 MORGAN STANLEY WELLS FARGO CTS MSM 2006-3AR 708 B17 MORGAN STANLEY WELLS FARGO CTS MSM 2006-1AR 106 P05 MORGAN PMSR MSM 2004-6AR WELLS FARGO CTS MSM 2004-6AR 106 P06 MORGAN PMSR MSM 7AR WELLS FARGO CTS MSM 7AR 106 P07 MORGAN PMSR MSM 4 WELLS FARGO CTS MSM 4 106 P08 MORGAN PMSR MSM 8AR WELLS FARGO CTS MSM 8AR 106 P09 MORGAN PMSR MSM 9 WELLS FARGO CTS MSM 9 106 P10 MORGAN PMSR MSM 10AR WELLS FARGO CTS MSM 1OAR 106 P11 MORGAN PMSR MSM 11AR WELLS FARGO CTS MSM 11AR 106 P12 MORGAN PMSR MSM 20051FIN WELLS FARGO CTS MSM 20051F1N 106 P13 MORGAN PMSR MSM20052ARFIN WELLS FARGO CTS MSM20052ARFIN 106 P15 MORGAN PMSR MSM 2005-6AR WELLS FARGO CTS MSM 2005-6AR 106 P16 MORGAN PMSR MSM 2005-4 WELLS FARGO CTS MSM 2005-4 106 P17 MORGAN PMSR MSM 2005-5AR WELLS FARGO CTS MSM 2005-5AR 106 P25 MORGAN PMSR MSM 2005-7 WELLS FARGO CTS MSM 2005-7 106 P32 MORGAN PMSR MSM 2005-3AR WELLS FARGO CTS MSM 2005-3AR 106 P35 MORGAN PMSR MSM 2005-10 WELLS FARGO CTS MSM 2005-10 106 P36 MORGAN PMSR MSM 2005-9AR WELLS FARGO CTS MSM 2005-9AR 106 P37 MORGAN PMSR MSM 2005-11AR WELLS FARGO CTS MSM 2005-11AR 106 P38 MORGAN PMSR MSM 2006-1AR WELLS FARGO CTS MSM 2006-1AR 106 P39 MORGAN PMSR MSM 2006-2AR WELLS FARGO CTS MSM 2006-2AR 106 P40 MORGAN PMSR MSM 2006-3AR WELLS FARGO CTS MSM 2006-3AR 106 P46 MORGAN PMSR MSM 2006-7 WELLS FARGO CTS MSM 2006-7 106 P56 MORGAN PMSR MSM 2006-11 WELLS FARGO CTS MSM 2006-11 106 P58 MORGAN PMSR MSM 2006-6AR WELLS FARGO CTS MSM 2006-6AR 106 P59 MORGAN PMSR MSM 2006-8AR WELLS FARGO CTS MSM 2006-8AR 106 P62 MORGAN PMSR MSM 2006-9AR WELLS FARGO CTS MSM 2006-9AR 106 P63 MORGAN PMSR MSM 2006-2 WELLS FARGO CTS MSM 2006-2 708 J63 MORGAN STANLEY WELLS FARGO CTS MSM 2004-2AR 708 M33 MORGAN STANLEY WELLS FARGO CTS MSM 2005-6AR 708 M58 MORGAN STANLEY WELLS FARGO CTS MSM 2005-5AR 472 B08 MORGAN STANLEY WELLS FARGO CTS * 708 389 MORGAN STANLEY WILSHIRE FHA LOAN ATTN ROSS LEVINE (page) 106 V0l SOCIETE GEN PMSR WHOLE WELLS FARGO CTS SOC GEN WHOLE LN 106 V03 SOCIETE GEN PMSR WELLS FARGO CTS SGMS 2006-FRE2 (page) 106 H62 SOPAC 1998-1 Wells Fargo CTS SOPAC 98-1 106 H63 SOPAC 1998-2 Wells Fargo CTS SOPAC 98-2 (page) 591 H76-001 THORNBURG WFB MASTER SERVICING TMST 2002-2 591 H76-002 THORNBURG WFB MASTER SERVICING WFHM 2002-W46 591 H76-003 THORNBURG WFB MASTER SERVICING WFHM 2002-W53 591 H76-004 THORNBURG WFB MASTER SERVICING WFHM 2002-W52 591 J73 THORNBURG WFB MASTER SERVICING THORNBURG 2004-1 591 P43 THORNBURG WFB MASTER SERVICING TMST 2003-2 708 382 THORNBURG WFB MASTER SERVICING TMST 2006-4 708 390 THORNBURG WFB MASTER SERVICING TMST 2006-5 708 B09-001 THORNBURG WFB MASTER SERVICING BOA SALE 708 B09-002 THORNBURG WFB MASTER SERVICING TMST 2006-1 708 B60 THORNBURG WFB MASTER SERVICING TMST 2005-4 708 J73 THORNBURG WFB MASTER SERVICING THORNBURG 2004-1 708 L68 THORNBURG WFB MASTER SERVICING EMC TRNSF HORNBURG 2005-2 708 M84 THORNBURG WFB MASTER SERVICING TMST 2005-3 708 M84-001 THORNBURG WFB MASTER SERVICING WELLS 2005-20/LEHMAN SALE 708 P16 THORNBURG WFB MASTER SERVICING WFHM 2003-W06 708 P43 THORNBURG WFB MASTER SERVICING TMST 2003-2 (page) 708 H06 UBS WARBURG WFB MASTER SERVICING * 472 J15 UBS WARBURG WFB MASTER SERVICING SEE CAT 685 J15 UBS WARBURG WFB MASTER SERVICING * 472 M59 UBS WARBURG WFB MASTER SERVICING MARP 2005-2 685 M59 UBS WARBURG WFB MASTER SERVICING MARP 2005-2 472 H04 UBS WARBURG WFB MASTER SERVICING * 106 904 UBS PMSR MAST2005-2 WFB MASTER SERVICING MAST 2005-2 106 905 UBS PMSR MABS05-AB1 WFB MASTER SERVICING MABS 05-AB1 106 908 UBS PMSR MALT2005-5 WFB MASTER SERVICING MALT2005-5 106 910 UBS PMSR MALT2005-3 WFB MASTER SERVICING MALT2005-3 106 911 UBS PMSR MALT2005-4 WFB MASTER SERVICING MALT2005-4 106 913 UBS PMSR MAST2005-6 WFB MASTER SERVICING MASTR 05-6 106 919 UBS PMSR MALT 2006-1 WFB MASTER SERVICING MALT 2006-1 106 920 UBS PMSR MABS 06-AB1 WFB MASTER SERVICING MABS06-AB1 106 921 UBS PMSR MABS 2006-NC1 WFB MASTER SERVICING MABS 2006-NC1 106 922 UBS PMSR MASTR 2006-HE1 WFB MASTER SERVICING MASTR 2006-HE1 106 923 UBS PMSR MAST 2006-1 WFB MASTER SERVICING MAST 2006-1 106 924 UBS PMSR MASTR 2006-2 WFB MASTER SERVICING MASTR 2006-2 106 931 UBS PMSR MABS 2006-HE4 WFB MASTER SERVICING MABS 2006-HE4 708 H02 UBS WARBURG WFB MASTER SERVICING * 708 H03 UBS WARBURG WFB MASTER SERVICING * 591 H04 UBS WARBURG WFB MASTER SERVICING * 708 H04 UBS WARBURG WFB MASTER SERVICING * 708 H05 UBS WARBURG WFB MASTER SERVICING * 708 J15 UBS WARBURG WFB MASTER SERVICING * 591 J90 UBS WARBURG WFB MASTER SERVICING OPTRED 04-2004 708 J90 UBS WARBURG WFB MASTER SERVICING * 708 M32 UBS WFB MASTER SERVICING MABS 2005-AB1 708 M59 UBS WFB MASTER SERVICING MARP 2005-2 708 M71 UBS WFB MASTER SERVICING MASTR 2005-WF1 S/S#U219 591 Q27 UBS WARBURG WFB MASTER SERVICING MARM 2002-3 591 Q32 UBS WARBURG WFB MASTER SERVICING WFHM 2002-S01 591 P23 UBS WARBURG WFB MASTER SERVICING MSSTR 2003-1 708 P23 UBS WARBURG WFB MASTER SERVICING MSSTR 2003-1 (page) WACHOVIA WELLS FARGO CTS * NATIONAL 685 D61 BANK 708 280 WACHOVIA WELLS FARGO CTS *
EX-35 (b) (logo) WELLS FARGO Corporate Trust Services MAC N2702-011 9062 Old Annapolis Road Columbia, MD 21045 410 884-2000 410 715-2380 Fax Wells Fargo Bank, N.A. March 24, 2007 Wells Fargo Bank, NA 9062 Old Annapolis Road Columbia, MD 21045 RE: Annual Statement As To Compliance for MASTR Asset Backed Securities Trust 2006-NC1 Per Section 11.07 of the Pooling and Servicing Agreement, dated as of 2/1/2006, the undersigned Officer of Wells Fargo Bank, N.A., (Master Servicer), hereby certifies the following for the 2006 calendar year or portion thereof: (i) A review of the activities of the Servicer during the preceding calendar year and of its performance under this Agreement has been made under such officer's supervision. (ii) To the best of such officer's knowledge, based on such review, the Servicer has fulfilled all of its obligations under this Agreement in all material respects throughout such year, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status of cure provisions thereof. (iii) Notwithstanding anything herein to contrary (and noting that, to the extent of any inconsistency, any and all other statements, certifications or assertions herein are subject to the following): instances of noncompliance related to the subject transaction for the applicable reporting period are identified on Schedule A hereto. Certified By: /s/Scott Strack Scott Strack, Vice President Certified By: /s/Gordon Johnson Gordon Johnson, Assistant Secretary (page) Schedule A Payment/Distribution Calculation Errors During the reporting period, certain errors were made in connection with the calculation of payments/distributions on the securities. To the best of the signing officer's knowledge, each such error, which may or may not have been material, has been identified and remedied and any related corrective action has been disclosed in a report previously filed with the SEC in respect of the reporting period. EX-35 (c) (logo) WELLS FARGO Corporate Trust Services MAC N2702-011 9062 Old Annapolis Road Columbia, MD 21045 410 884-2000 410 715-2380 Fax Wells Fargo Bank, N.A. March 28, 2007 Wells Fargo Bank, NA 9062 Old Annapolis Road Columbia, MD 21045 RE: Annual Statement As To Compliance for MASTR Asset Backed Securities Trust 2006-NC1 Per Section 3.20 of the Pooling and Servicing Agreement, dated as of 2/1/2006, the undersigned Officer of Wells Fargo Bank, N.A., (Trust Administrator), hereby certifies the following for the 2006 calendar year or portion thereof: (i) A review of the activities of the party during the preceding calendar year and of its performance under this Agreement has been made under such officer's supervision. (ii) To the best of such officer's knowledge, based on such review, the party has fulfilled all of its obligations under this Agreement in all material respects throughout such year, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status of cure provisions thereof. (iii) Notwithstanding anything herein to contrary (and noting that, to the extent of any inconsistency, any and all other statements, certifications or assertions herein are subject to the following): instances of noncompliance related to the subject transaction for the applicable reporting period are identified on Schedule A hereto. Certified By: /s/ Scott Strack Scott Strack, Vice President Certified By: /s/ Gordon Johnson Gordon Johnson, Assistant Secretary (page) Schedule A Payment/Distribution Calculation Errors During the reporting period, certain errors were made in connection with the calculation of payments/distributions on the securities. To the best of the signing officer's knowledge, each such error, which may or may not have been material, has been identified and remedied and any related corrective action has been disclosed in a report previously filed with the SEC in respect of the reporting period.