-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SnnWM1RYfjGQAsgroIwq6KYuFBKXbbXOxpNuD4C3UAuZQ44q6Eh4BLMnaTXiQdNe DLTKWu7IQt/Im5lH2TYH0A== 0001277277-07-000212.txt : 20070329 0001277277-07-000212.hdr.sgml : 20070329 20070329163034 ACCESSION NUMBER: 0001277277-07-000212 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070329 DATE AS OF CHANGE: 20070329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-8 CENTRAL INDEX KEY: 0001374631 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-130795-32 FILM NUMBER: 07727982 BUSINESS ADDRESS: STREET 1: 1201 THIRD AVENUE, 17TH FLOOR CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-461-2000 MAIL ADDRESS: STREET 1: 1201 THIRD AVENUE, 17TH FLOOR CITY: SEATTLE STATE: WA ZIP: 98101 10-K 1 form10kwmalt_20068.htm

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

For Transition period                     

 

Commission File Number of issuing entity:  333-130795-32

Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-8

 

Commission File Number of depositor: 333-130975

WAMU ASSET ACCEPTANCE CORP.

(Exact name of depositor as specified in its charter)

 

 

WASHINGTON MUTUAL MORTGAGE SECURITIES CORP.

(Exact name of sponsor as specified in its charter)

 

 

 

 

 

Delaware

 

(State or other jurisdiction of Incorporation

or organization of the issuing entity)

 

 

1301 Second Avenue, WMC 3501A
Seattle, Washington  98101

 

(Address of principal executive offices

of issuing entity)

 

 

(206) 500-4418

 

(Telephone number, including area code)

 

 

51-0606377

 

(I.R.S. Employer Identification No.)

 

 

N/A

 

(Former name, former address, if changed since last report)

 

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.     x  Yes     ¨  No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K 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 II of the Form 10-K or any amendment to this form 10-K.     ¨  [Item 405 of Regulation S-K is 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

Registrant has no voting or non-voting common equity outstanding held by non-affiliates.

 

 

 

PART I

The following Items have been omitted in accordance with General Instruction J to Form 10–K:

 

 

 

 

Item 1:

  

Business.

Item 1A:

  

Risk Factors.

Item 2:

  

Properties.

Item 3:

  

Legal Proceedings.

Item 4:

  

Submission of Matters to a Vote of Security Holders.

Item 1B. Unresolved Staff Comments.

Not Applicable.

Substitute information provided in accordance with General Instruction J to Form 10–K:

 

Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information). 

 

No single obligor represents more than 10% of the pool assets held by the Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-8 Trust (the “Trust”).

Item 1114(b)(2) of Regulation AB: Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Information Regarding Significant Enhancement Providers: Financial Information). 

No entity or group of affiliated entities that provides (1) any external credit enhancement designed to ensure that the asset-backed securities or pool assets will pay in accordance with their terms, (2) any mechanisms to ensure that payments on the asset-backed securities are timely or (3) any derivatives whose primary purpose is to provide credit enhancement related to pool assets or the asset-backed securities is either liable or contingently liable to provide payments representing 10% or more of the cash flow supporting any offered class of asset-backed securities of the Trust.

 Item 1115(b) of Regulation AB: Certain Derivatives Instruments (Financial Information). 

The “aggregate significance percentage” (as defined in Item 1115 of Regulation AB) related to any entity or group of affiliated entities providing derivative instruments that are used to alter the payment characteristics of the cashflows from the Trust and whose primary purpose is not to provide credit enhancement related to the pool assets or the asset-backed securities of the Trust does not equal or exceed 10%. 

Item 1117 of Regulation AB: Legal Proceedings. 

None. 

 

PART II

The following Items have been omitted in accordance with General Instruction J to Form 10–K:

 

 

 

 

Item 5:

 

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Item 6:

 

Selected Financial Data.

Item 7:

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Item 7A:

 

Quantitative and Qualitative Disclosures about Market Risk.

Item 8:

 

Financial Statements and Supplementary Data.

Item 9:

 

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

Item 9A:

 

Controls and Procedures.

 

Item 9B: Other Information.

None.

 

PART III

The following Items have been omitted in accordance with General Instruction J to Form 10–K:

 

 

 

 

Item 10:

 

Directors and Executive Officers of the Registrant.

Item 11:

 

Executive Compensation.

Item 12:

 

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Item 13:

 

Certain Relationships and Related Transactions.

Item 14:

 

Principal Accountant Fees and Services.

Substitute information provided in accordance with General Instruction J to Form 10–K:

 

Item 1119 of Regulation AB: Affiliations and Certain Relationships and Related Transactions.

Pursuant to the Instructions to Item 1119 of Regulation AB, information required by Item 1119 has been omitted from this annual report on Form 10-K because it is substantially the same information as has been provided previously in a prospectus timely filed pursuant to Rule 424 of the General Rules and Regulations Promulgated under the Securities Act of 1933 under the same Central Index Key (CIK) as this annual report on Form 10-K.

Item 1122 of Regulation AB: Compliance with Applicable Servicing Criteria.

WaMu Asset Acceptance Corp. (in its role as depositor), Washington Mutual Bank (in its role as servicer), Washington Mutual Mortgage Securities Corp. (in its role as calculation agent) (“WMMSC”), Washington Mutual Bank fsb (in its role as custodian), LaSalle Bank National Association  (in its role as custodian) and American Security Insurance Company and Standard Guaranty Insurance Company (in the role as hazard insurance servicer) (collectively, the “Servicing Parties”) have each been identified by the registrant as parties participating in the servicing function with respect to the asset pool held by the Trust. Each of the Servicing Parties has completed a report on assessment of compliance with the servicing criteria applicable to it (each a “Servicing Report”), which Servicing Reports are attached as exhibits to this Form 10-K.  Each of the Servicing Parties have provided an attestation report (each an “Attestation Report”) by one or more public accounting firms, which reports are also attached as exhibits to this Form 10-K.  None of the Servicing Reports or Attestation Reports has identified any material instance of noncompliance with the servicing criteria as applicable to the respective Servicing Party, except that, with respect to WMMSC and its compliance with Item 1122 (d)(2)(vii)(B), two of twelve bank statement reconciliations examined were not prepared within 30 calendar days after the bank statement cutoff date, but were prepared within 30 calendar days after month end, which was 32 calendar days after the bank statement cutoff date.

 

Item 1123 of Regulation AB: Servicer Compliance Statement.

 

Washington Mutual Bank (in its role as servicer) and WMMSC (in its role as calculation agent) have been identified by the registrant as servicers with respect to the asset pool held by the Trust.  Each of Washington Mutual Bank and WMMSC has completed a statement of compliance with applicable servicing criteria (each a “Compliance Statement”), in each case signed by an authorized officer of Washington Mutual Bank and WMMSC, respectively. The Compliance Statements are attached as exhibits to this Form 10-K.   None of the Compliance Statements has identified any material instance of noncompliance with the respective servicer’s obligation under the applicable servicing agreement.

 

PART IV

Item 15. Exhibits, Financial Statement Schedules.

 

 

(a)(1)

Not Applicable.

 

 

(a)(2)

Not Applicable.

 

 

(a)(3)

Not Applicable.

 

 

(b)

Exhibits

 

 

Exhibit No.

  Exhibit Description

 

 

4.1

Pooling and Servicing Agreement (incorporated herein by reference from Exhibit 4.1 to the Form 8-K filed by the issuing entity on October 13, 2006).

 

4.2

Mortgage Loan Purchase Agreement (incorporated herein by reference from Exhibit 4.7 to the Form S-3 filed by WaMu Asset Acceptance Corp. on December 12, 2005 with respect to Registration Statement No. 333-130795).

 

4.3

Amended and Restated Administrative Agent Agreement (incorporated herein by reference from Exhibit 4.9 to the Form 8-K filed by WaMu Asset Acceptance Corp. on March 6, 2006 with respect to Registration Statement No. 333-130795).

 

31

Certification of Thomas G. Lehmann pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

33.1

Report on Assessment of Compliance with Servicing Criteria for WaMu Asset Acceptance Corp.

 

33.2

Report on Assessment of Compliance with Servicing Criteria for Washington Mutual Bank.

 

33.3

Report on Assessment of Compliance with Servicing Criteria by Washington Mutual Mortgage Securities Corp.

 

33.4

Report on Assessment of Compliance with Servicing Criteria for Washington Mutual Bank fsb.

 

33.5

Report on Assessment of Compliance with Servicing Criteria for American Security Insurance Company and Standard Guaranty Insurance Company.

 

33.6

Report on Assessment of Compliance with Servicing Criteria for LaSalle Bank National Association.

 

34.1

Attestation Report of Deloitte & Touche LLP on Assessment of Compliance with Servicing Criteria for WaMu Asset Acceptance Corp.

 

34.2

Attestation Report of Deloitte & Touche LLP on Assessment of Compliance with Servicing Criteria by Washington Mutual Bank.

 

34.3

Attestation Report of Deloitte & Touche LLP on Assessment of Compliance with Servicing Criteria by Washington Mutual Mortgage Securities Corp.

 

34.4

Attestation Report of Deloitte & Touche LLP on Assessment of Compliance with Servicing Criteria for Washington Mutual Bank fsb.

 

34.5

Attestation Report of PriceWaterhouseCoopers on Assessment of Compliance with Servicing Criteria for American Security Insurance Company and Standard Guaranty Insurance Company.

 

34.6

Attestation Report of Ernst & Young LLP on Assessment of Compliance with Servicing Criteria for LaSalle Bank National Association.

 

35.1

Servicer Compliance Statement of Washington Mutual Bank.

 

35.2

Servicer Compliance Statement of Washington Mutual Mortgage Securities Corp.

 

99.1

Certain information concerning the mortgage loans (incorporated herein by reference from Exhibit 99.1 to the Form 8-K filed by the issuing entity on September 27, 2006).

 

99.2

Excerpt from Section 2 and Schedule III of the Term Sheet (incorporated herein by reference from Exhibit 99.1 to the Form 8-K filed by the issuing entity on October 13, 2006).

 

 

 

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.

 

 

 

 

 

 

 

WAMU ASSET ACCEPTANCE CORP.

 

 

 

 

 

 

 

By:

 

 /s/ Thomas G. Lehmann

 

 

Name:

 

 Thomas G. Lehmann

 

 

Title:

 

  President

 

 

 

 

Date: March 15, 2007

 

 

EXHIBIT INDEX

 

 

Exhibit No.

  Exhibit Description

 

 

4.1

Pooling and Servicing Agreement (incorporated herein by reference from Exhibit 4.1 to the Form 8-K filed by the issuing entity on October 13, 2006).

 

4.2

Mortgage Loan Purchase Agreement (incorporated herein by reference from Exhibit 4.7 to the Form S-3 filed by WaMu Asset Acceptance Corp. on December 12, 2005 with respect to Registration Statement No. 333-130795).

 

4.3

Amended and Restated Administrative Agent Agreement (incorporated herein by reference from Exhibit 4.9 to the Form 8-K filed by WaMu Asset Acceptance Corp. on March 6, 2006 with respect to Registration Statement No. 333-130795).

 

31

Certification of Thomas G. Lehmann pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

33.1

Report on Assessment of Compliance with Servicing Criteria for WaMu Asset Acceptance Corp.

 

33.2

Report on Assessment of Compliance with Servicing Criteria for Washington Mutual Bank.

 

33.3

Report on Assessment of Compliance with Servicing Criteria by Washington Mutual Mortgage Securities Corp.

 

33.4

Report on Assessment of Compliance with Servicing Criteria for Washington Mutual Bank fsb.

 

33.5

Report on Assessment of Compliance with Servicing Criteria for American Security Insurance Company and Standard Guaranty Insurance Company.

 

33.6

Report on Assessment of Compliance with Servicing Criteria for LaSalle Bank National Association.

 

34.1

Attestation Report of Deloitte & Touche LLP on Assessment of Compliance with Servicing Criteria for WaMu Asset Acceptance Corp.

 

34.2

Attestation Report of Deloitte & Touche LLP on Assessment of Compliance with Servicing Criteria by Washington Mutual Bank.

 

34.3

Attestation Report of Deloitte & Touche LLP on Assessment of Compliance with Servicing Criteria by Washington Mutual Mortgage Securities Corp.

 

34.4

Attestation Report of Deloitte & Touche LLP on Assessment of Compliance with Servicing Criteria for Washington Mutual Bank fsb.

 

34.5

Attestation Report of PriceWaterhouseCoopers on Assessment of Compliance with Servicing Criteria for American Security Insurance Company and Standard Guaranty Insurance Company.

 

34.6

Attestation Report of Ernst & Young LLP on Assessment of Compliance with Servicing Criteria for LaSalle Bank National Association.

 

35.1

Servicer Compliance Statement of Washington Mutual Bank.

 

35.2

Servicer Compliance Statement of Washington Mutual Mortgage Securities Corp.

 

99.1

Certain information concerning the mortgage loans (incorporated herein by reference from Exhibit 99.1 to the Form 8-K filed by the issuing entity on September 27, 2006).

 

99.2

Excerpt from Section 2 and Schedule III of the Term Sheet (incorporated herein by reference from Exhibit 99.1 to the Form 8-K filed by the issuing entity on October 13, 2006).

 

 

 

 EX-31 2 exh31_wmalt20068.htm EXHIBIT 31

EXHIBIT 31

 

WAMU ASSET ACCEPTANCE CORP.

OFFICER’S CERTIFICATE

I, Thomas G. Lehmann, certify that:

1.         I have reviewed this 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 Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-8 Trust(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.         Based on my knowledge and the servicer compliance statements required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicers have fulfilled their obligations under the servicing agreement(s) in all material respects; 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. 

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:  None.

Date:  March 15, 2007

  /s/ Thomas G. Lehmann
Name:  Thomas G. Lehmann
Title:    President

 EX-33.1 3 exh33_1wmalt20068.htm

Exhibit 33.1

WAMU ASSET ACCEPTANCE CORP. 

SERVICER’S REPORT ON ASSESSMENT OF COMPLIANCE

 

WaMu Asset Acceptance Corp. (the “Asserting Party”) is responsible for assessing compliance as of December 31, 2006 and for the period from January 1, 2006 through December 31, 2006 (the “Reporting Period”) of the Platform Transactions (as defined below) with the servicing criterion set forth in Item 1122(d)(3)(i)(C) of Regulation AB (12 CFR part 229.1122(d)(3)(i)(C)) (the “Applicable Servicing Criterion”) and no others.  The transactions covered by this Servicer’s Assessment are those securitizations of pools of mortgage loans that were completed on or after January 1, 2006 and prior to January 1, 2007 for which the Asserting Party performed servicing functions set forth in Item 1122(d) and that included one or more classes of publicly offered securities registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933 (the “Platform Transactions”).

The Asserting Party has assessed its compliance with the Applicable Servicing Criterion for the Reporting Period, using the Applicable Servicing Criterion, and has concluded that it has complied in all material respects with the Applicable Servicing Criterion with respect to the Mortgage Loans. 

Deloitte & Touche LLP, a registered public accounting firm, has issued an attestation report on the Asserting Party’s assessment of compliance with the Applicable Servicing Criterion for the Reporting Period.

Date:  February 22, 2007

  /s/ Thomas G. Lehmann
Name:  Thomas G. Lehmann
Title:    President

 EX-33.2 4 exh33_2wmalt20068.htm

EXHIBIT 33.2

WASHINGTON MUTUAL BANK

SERVICER’S REPORT ON ASSESSMENT OF COMPLIANCE

Washington Mutual Bank (the “Asserting Party”) is responsible for assessing compliance as of December 31, 2006 and for the period from January 1, 2006 through December 31, 2006 (the “Reporting Period”) of the Platform Transactions (as defined below) with the servicing criteria set forth in Item 1122(d) of Regulation AB (12 CFR part 229.1122), except the following criteria 1(iii) and 3(i)(C) and (D), which we have concluded are either (i) not applicable to the servicing of the mortgage loans included in the Platform Transactions (each, a “Mortgage Loan”), or (ii) performed by other parties with respect to the Mortgage Loans (such criteria, after giving effect to the foregoing exceptions, the “Applicable Servicing Criteria”).  The transactions covered by this Servicer’s Assessment are those securitizations of pools of mortgage loans that were completed on or after January 1, 2006 and prior to January 1, 2007 for which the Asserting Party performed servicing functions set forth in Item 1122(d), that included one or more classes of publicly offered securities registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, and for which the Asserting Party has an obligation to deliver an Assessment of Compliance pursuant to Item 1122 (the “Platform Transactions”).

The Asserting Party has assessed its compliance with the Applicable Servicing Criteria for the Reporting Period, using the Applicable Servicing Criterion, and has concluded that it has complied in all material respects with the Applicable Servicing Criteria with respect to the Mortgage Loans.

Deloitte & Touche LLP, a registered public accounting firm, has issued an attestation report on the Asserting Party’s assessment of compliance with the Applicable Servicing Criteria for the Reporting Period.

Dated:  March 14, 2007

WASHINGTON MUTUAL BANK 


By: ___/s/ H. John Berens
Name:  H. John Berens
Title:    Senior Vice President

 

 EX-33.3 5 exh33_3wmalt20068.htm

EXHIBIT 33.3

WASHINGTON MUTUAL MORTGAGE SECURITIES CORP.

SERVICER’S REPORT ON ASSESSMENT OF COMPLIANCE

Washington Mutual Mortgage Securities Corp. (the “Asserting Party”) is responsible for assessing compliance as of December 31, 2006 and for the period from January 1, 2006 through December 31, 2006 (the “Reporting Period”) of the Platform Transactions (as defined below) with the servicing criteria set forth in Item 1122(d) of Regulation AB (12 CFR part 229.1122) (“Item 1122(d)”), except the following criteria 1122 (d)(1)(iii), 1122 (d)(2)(i), 1122 (d)(2)(iii)-(iv), 1122 (d)(2)(vi), 1122 (d)(3)(i)(C), 1122 (d)(4)(i)-(iv), and 1122 (d)(4)(vi)-(xv), which we have concluded are either (i) not applicable to the servicing of the mortgage loans included in the Platform Transactions (each, a “Mortgage Loan”), or (ii) performed by other parties with respect to the Mortgage Loans (such criteria, after giving effect to the foregoing exceptions, the “Applicable Servicing Criteria”).  The transactions covered by this Servicer’s Assessment are those securitizations of pools of mortgage loans that were completed on or after January 1, 2006 and prior to January 1, 2007 for which the Asserting Party performed servicing functions set forth in Item 1122(d) and that included one or more classes of publicly offered securities registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933 (the “Platform Transactions”).

The Asserting Party has assessed its compliance with the Applicable Servicing Criteria for the Reporting Period, using the Applicable Servicing Criterion, and has concluded that it has complied in all material respects with the Applicable Servicing Criteria with respect to the Mortgage Loans, except that, with respect to compliance with Item 1122 (d)(2)(vii)(B), two of twelve bank statement reconciliations examined were not prepared within 30 calendar days after the bank statement cutoff date, but were prepared within 30 calendar days after month end, which was 32 calendar days after the bank statement cutoff date.

Deloitte & Touche LLP, a registered public accounting firm, has issued an attestation report on the Asserting Party’s assessment of compliance with the Applicable Servicing Criteria for the Reporting Period.

Dated:  February 22, 2007

WASHINGTON MUTUAL MORTGAGE SECURITIES CORP. 

By: /s/ Barbara Campbell
Name:  Barbara Campbell
Title:    First Vice President

 EX-33.4 6 exh33_4wmalt20068.htm

EXHIBIT 33.4

WASHINGTON MUTUAL BANK fsb

SERVICER’S REPORT ON ASSESSMENT OF COMPLIANCE

Washington Mutual Bank fsb (the “Asserting Party”) is responsible for assessing compliance as of December 31, 2006 and for the period from January 1, 2006 through December 31, 2006 (the “Reporting Period”) of the Platform Transactions (as defined below) with the servicing criteria set forth in Item 1122(d) of Regulation AB (12 CFR part 229.1122), except the following criteria 1, 2, 3, 4(iii)-(xv), which we have concluded are either (i) not applicable to the servicing of the mortgage loans included in the Platform Transactions (each, a “Mortgage Loan”), or (ii) performed by other parties with respect to the Mortgage Loans (such criteria, after giving effect to the foregoing exceptions, the “Applicable Servicing Criteria”).  The transactions covered by this Servicer’s Assessment are those securitizations of pools of mortgage loans for which the Asserting Party performed servicing functions set forth in Item 1122(d) that were completed on or after January 1, 2006 and prior to January 1, 2007, and that included one or more classes of publicly offered securities registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933 (the “Platform Transactions”).

The Asserting Party has assessed its compliance with the Applicable Servicing Criteria for the Reporting Period, using the Applicable Servicing Criterion,  and has concluded that it has complied in all material respects with the Applicable Servicing Criteria with respect to the Mortgage Loans. 

Deloitte & Touche LLP, a registered public accounting firm, has issued an attestation report on the Asserting Party’s assessment of compliance with the Applicable Servicing Criteria for the Reporting Period.

Dated:    February 22, 2007

WASHINGTON MUTUAL BANK fsb

 

By: /s/ RichardWardell
Name:  Richard Wardell
Title:    Senior Vice President

 EX-33.5 7 exh33_5wmalt20068.htm

EXHIBIT 33.5

REPORT ON ASSESSMENT OF COMPLIANCE WITH

§1122(d)(2)(vi) and §1122(d)(4)(xi)

of REGULATION AB SERVICING CRITERIA

American Security Insurance Company, Standard Guaranty Insurance Company and Safeco Financial Institution Solutions, Inc. (affiliates of Assurant Inc., collectively the “Asserting Party”) is responsible for assessing compliance as of December 31, 2006 and for the period from January 1, 2006 through December 31, 2006 (the “Reporting Period”) with the servicing criteria set forth in §1122(d)(2)(vi), §1122(d)(4)(xi) and §1122(d)(4)(xii) of Title 17, §229.1122(d) of the Code of Federal Regulations, which the Asserting Party has concluded are applicable to the insurance escrow servicing activities it performs with respect to all mortgage loan-tracking transactions covered by this report. The transactions covered by this report include all mortgage loan-tracking transactions for which the Asserting Party served as a Vendor on behalf of Servicers for such asset-backed securities transactions that were registered after January 1, 2006 with the Securities and Exchange Commission pursuant to the Securities Act of 1933 (the “Platform”). The scope of the Asserting Party assertions excludes §1122(d)(4)(xii) of Title 17, §229.1122(d) of the Code of Federal Regulations, which relates to servicing activities that are performed by the Asserting Party with respect to the Platform, but are not reported on herein.

The Asserting Party has assessed its compliance with §1122(d)(2)(vi) and §1122(d)(4)(xi) ("the Applicable Servicing Criteria") for the Reporting Period and has concluded that the Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria for the Reporting Period with respect to the Platform taken as a whole. The Asserting Party used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the Applicable Servicing Criteria.

The Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria for the Reporting Period.

PricewaterhouseCoopers LLP, an independent registered public accounting firm, has issued an attestation report on the assessment of compliance with the Applicable Servicing Criteria as of and for the Reporting Period ending December 31, 2006 as set forth in this assertion.

     American Security Insurance Company
     Standard Guaranty Insurance Company
     Safeco Financial Institution Solutions, Inc.

 

/s/ John Frobose
       By: John Frobose
            Senior Vice President

       Date: February 23, 2007 

 EX-33.6 8 exh33_6wmalt20068.htm

EXHIBIT 33.6

Management's Assertion on Compliance with Item 1122 Criteria 

LaSalle Bank National Association (the "Asserting Party") is responsible for assessing its compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB (17 C.F.R, 229.1122(d)) set forth in the "1122 Servicing Criteria to be Addressed in Assessment of Compliance" annexed hereto as Exhibit A (the "Servicing Criteria"),

The Asserting Party has assessed the effectiveness of its compliance with the applicable Servicing Criteria for the period of January 1, 2006 through December 31, 2006 (the "Reporting Period"). In making this assessment, the Asserting Party used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

Based on such assessment, the Asserting Party believes that, for the Reporting Period, it has complied in all material respects with the servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission for in the servicing activities it performs in the asset-backed securities transactions on Exhibit B, except for servicing criteria 1122(d)(l)(ii) which the Asserting Party has determined was inapplicable to the activities it performed with respect to the asset-backed securities transactions on Exhibit B. For servicing criteria 1122(d)(3)(i)(A) and (B), this assertion covers only the information on the report to investors that is required by the respective transaction agreements.

Ernst and Young, an independent registered public accounting firm, has issued an attestation report with respect to management's assessment of compliance with the Servicing Criteria for the Reporting Period. The asset-backed securities transactions to which this assertion and the attestation report relate are listed on Exhibit B.

LaSalle Bank National Association




By: /s/ Barbara L. Marik
Name: Barbara L. Marik
Title:   First Vice President
Date:   February 28, 2007

 

Exhibit A

1122 Servicing Criteria

to be addressed in an Assessment of Compliance

 

 

Reg AB Reference

 

Servicing Criteria

 

Obligations of LaSalle Bank National Association

 

General Servicing Considerations

 

1122(d)(1)(i)

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

X

1122(d)(1)(ii)

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

X

1122(d)(1)(iii)

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

 

1122(d)(1)(iv)

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

X

 

Cash Collection and Administration

 

1122(d)(2)(i)

Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.

X

1122(d)(2)(ii)

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

X

1122(d)(2)(iii)

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

X

1122(d)(2)(iv)

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

X

1122(d)(2)(v)

Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.

X

1122(d)(2)(vi)

Unissued checks are safeguarded so as to prevent unauthorized access.

X

1122(d)(2)(vii)

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

X

 

Investor Remittances and Reporting

 

1122(d)(3)(i)

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the indenture trustee’s records as to the total unpaid principal balance and number of Pool Assets serviced by the related Servicer.

X

1122(d)(3)(ii)

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

X

1122(d)(3)(iii)

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

X

1122(d)(3)(iv)

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

X

 

Pool Asset Administration

 

1122(d)(4)(i)

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

X

1122(d)(4)(ii)

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

X

1122(d)(4)(iii)

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

X

1122(d)(4)(iv)

Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the related Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents.

 

1122(d)(4)(v)

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

 

1122(d)(4)(vi)

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

 

1122(d)(4)(vii)

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.

 

1122(d)(4)(viii)

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

 

1122(d)(4)(ix)

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

 

1122(d)(4)(x)

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

 

1122(d)(4)(xi)

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

 

1122(d)(4)(xii)

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

 

1122(d)(4)(xiii)

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

 

1122(d)(4)(xiv)

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

 

1122(d)(4)(xv)

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

X

 

 

EXHIBIT B

2006 Transactions

 

 

 

 

 

 

 

 

 

Non-Specific Transactions

Nominal Trustee Transactions

Custodian Only Transactions

Paying Agent Only Transactions

ACE Series 2006-GP1

Bear Stearns Series 2006-PWR11   

Basic Asset Backed 2006-1

Washington Mutual Series 2006-AR2

Banc of America Comm. Mtge Series 2006-2

Bear Stearns Series 2006-PWR12

Credit Suisse AB Series 2006-1

Washington Mutual Series 2006-AR6

Banc of America Comm. Mtge Series 2006-5

Bear Stearns Series 2006-PWR13

Credit Suisse AB Series 2006-2

Washington Mutual Series 2006-AR7

Bear Stearns Series 2006-AQ1

Bear Stearns Series 2006-PWR14

Credit Suisse AB Series 2006-3

Washington Mutual Series 2006-AR8

Bear Stearns Series 2006-EC1

Bear Stearns Series 2006-TOP22   

Credit Suisse AB Series 2006-4

Washington Mutual Series 2006-AR9

Bear Stearns Series 2006-EC2

Bear Stearns Series 2006-TOP24

Credit Suisse ARMT Series 2006-1

Washington Mutual Series 2006-AR10

Bear Stearns Series 2006-HE1

GSAA Home Equity Trust 2006-14

Credit Suisse ARMT Series 2006-2

Washington Mutual Series 2006-AR11

Bear Stearns Series 2006-HE2

GSAMP Series 2006-HE3

Credit Suisse ARMT Series 2006-3

Washington Mutual Series 2006-AR12

Bear Stearns Series 2006-HE3

GSAMP Series 2006-HE4

Credit Suisse HEMT Series 2006-1

Washington Mutual Series 2006-AR13

Bear Stearns Series 2006-HE4

GSAMP Series 2006-HE5

Credit Suisse HEMT Series 2006-2

Washington Mutual Series 2006-AR14

Bear Stearns Series 2006-HE5

GSAMP Series 2006-HE6

Credit Suisse HEMT Series 2006-3

Washington Mutual Series 2006-AR15

Bear Stearns Series 2006-HE6

GSAMP Series 2006-HE7

Credit Suisse HEMT Series 2006-4

Washington Mutual Series 2006-AR16

Bear Stearns Series 2006-HE7

GSAMP Series 2006-HE8

Credit Suisse HEMT Series 2006-5

Washington Mutual Series 2006-AR17

Bear Stearns Series 2006-HE8

JP Morgan Series 2006-LDP9   

Credit Suisse HEMT Series 2006-6

Washington Mutual Series 2006-AR18

Bear Stearns Series 2006-HE9

Morgan Stanley Series 2006-TOP21   

Credit Suisse Series 2006-1

Washington Mutual Series 2006-AR19

Bear Stearns Series 2006-HE10

Morgan Stanley Series 2006-TOP23

Credit Suisse Series 2006-2

Washington Mutual Series 2006-HE1

Bear Stearns Series 2006-PC1

Morgan Stanley Capital I Series 2006-HQ10

Credit Suisse Series 2006-3

Washington Mutual Series 2006-HE2

Bear Stearns ABS Series 2006-1

Morgan Stanley Mtg Loan Trust Series 2006-16ARX   

Credit Suisse Series 2006-4

Washington Mutual Series 2006-HE3

Bear Stearns Mortgage Funding Series 2006-SL1

Morgan Stanley Mtg Loan Trust Series 2006-1AR

Credit Suisse Series 2006-5

Washington Mutual Series 2006-HE4

Bear Stearns Mortgage Funding Series 2006-SL2

Morgan Stanley Mtg Loan Trust Series 2006-3AR

Credit Suisse Series 2006-6

Washington Mutual Series 2006-HE5

Bear Stearns Mortgage Funding Series 2006-SL3

Morgan Stanley Mtg Loan Trust Series 2006-5AR

Credit Suisse Series 2006-7

Washington Mutual WMALT 2006-AR1

Bear Stearns Mortgage Funding Series 2006-SL4

Morgan Stanley Mtg Loan Trust Series 2006-6AR

Credit Suisse Series 2006-8

Washington Mutual WMALT 2006-AR2

Bear Stearns Mortgage Funding Series 2006-SL5

Morgan Stanley Mtg Loan Trust Series 2006-8AR

Credit Suisse Series 2006-9

Washington Mutual WMALT 2006-AR3

Bear Stearns Mortgage Funding Series 2006-SL6

Morgan Stanley Mtg Loan Trust Series 2006-9AR

Credit Suisse HEAT Series 2006-1

Washington Mutual WMALT 2006-AR4

C-BASS Series 2006-CB7

Morgan Stanley Mtg Loan Trust Series 2006-2

Credit Suisse HEAT Series 2006-3

Washington Mutual WMALT 2006-AR5

C-BASS Series 2006-CB9

Morgan Stanley Mtg Loan Trust Series 2006-7

Credit Suisse HEAT Series 2006-4

Washington Mutual WMALT 2006-AR6

Citigroup Commercial Mortgage Trust Series 2006-C4

Morgan Stanley Mtg Loan Trust Series 2006-11

Credit Suisse HEAT Series 2006-5

Washington Mutual WMALT 2006-AR7

Citigroup Commercial Mortgage Trust Series 2006-C5

Morgan Stanley Mtg Loan Trust Series 2006-12XS

Credit Suisse HEAT Series 2006-6

Washington Mutual WMALT 2006-AR8

CD Commercial Mtg. Trust Series 2006-C3

Morgan Stanley Mtg Loan Trust Series 2006-13XS

Credit Suisse HEAT Series 2006-7

Washington Mutual WMALT 2006-AR9

COMM Series 2006-C8

Morgan Stanley Mtg Loan Trust Series 2006-15XS

Credit Suisse HEAT Series 2006-8

Washington Mutual WMALT 2006-AR10

CSFB Commercial Mtg. Trust Series 2006-C4

Morgan Stanley Mtg Loan Trust Series 2006-17XS

Lehman Mortgage Trust Series 2006-1

Washington Mutual WMALT 2006-1

First Franklin MLT Series 2006-FF18

Thornburg Mtg Securities Trust Series 2006-1   

Lehman Mortgage Trust Series 2006-4

Washington Mutual WMALT 2006-2

Greenwich Capital Series 2006-GG7

Thornburg Mtg Securities Trust Series 2006-2

Lehman Mortgage Trust Series 2006-5

Washington Mutual WMALT 2006-3

GE Capital Comm Mtg. Corp. Series 2006-C1

Thornburg Mtg Securities Trust Series 2006-3

Lehman Mortgage Trust Series 2006-6

Washington Mutual WMALT 2006-4

JP Morgan Series 2006-CIBC14

Thornburg Mtg Securities Trust Series 2006-4

Lehman Mortgage Trust Series 2006-7

Washington Mutual WMALT 2006-5

JP Morgan Series 2006-CIBC15

Thornburg Mtg Securities Trust Series 2006-5

Lehman Mortgage Trust Series 2006-8

Washington Mutual WMALT 2006-6

JP Morgan Series 2006-CIBC17

Thornburg Mtg Securities Trust Series 2006-6

Lehman Mortgage Trust Series 2006-9

Washington Mutual WMALT 2006-7

JP Morgan Series 2006-LDP7

ZUNI Trust Series 2006-OA1

Lehman XS Trust Series 2006-1

Washington Mutual WMALT 2006-8

JP Morgan Series 2006-LDP8

 

Lehman XS Trust Series 2006-3

Washington Mutual WMALT 2006-9

Non-Specific Transactions

Nominal Trustee Transactions

Custodian Only Transactions

Paying Agent Only Transactions

Lehman XS Trust Series 2006-8

 

Lehman XS Trust Series 2006-5

 

Lehman XS Trust Series 2006-11

 

Lehman XS Trust Series 2006-7

 

Lehman XS Trust Series 2006-15

 

Lehman XS Trust Series 2006-9

 

Lehman XS Trust Series 2006-19

 

Lehman XS Trust Series 2006-10N

 

Lehman XS Trust Series 2006-20

 

Lehman XS Trust Series 2006-12

 

Lehman Mortgage Trust Series 2006-2

 

Lehman XS Trust Series 2006-13

 

LB-UBS Comm. Mtge. Trust Series 2006-C1

 

Lehman XS Trust Series 2006-17

 

LB-UBS Comm. Mtge. Trust Series 2006-C3

 

Morgan Stanley Series 2006-HE1

 

LB-UBS Comm. Mtge. Trust Series 2006-C4

 

Morgan Stanley Series 2006-HE2

 

LB-UBS Comm. Mtge. Trust Series 2006-C6

 

Morgan Stanley Series 2006-HE3

 

LB-UBS Comm. Mtge. Trust Series 2006-C7

 

Morgan Stanley Series 2006-HE4

 

Merrill Lynch Series 2006-MLN1

 

Morgan Stanley Series 2006-HE5

 

Merrill Lynch Series 2006-OPT1

 

Morgan Stanley Series 2006-HE6

 

Merrill Lynch Series 2006-WMC2

 

Morgan Stanley Series 2006-HE7

 

Merrill Lynch Series 2006-FF1

 

Morgan Stanley Series 2006-HE8

 

Merrill Lynch Countrywide Series 2006-1

 

Morgan Stanley HEL Series 2006-1

 

Merrill Lynch Countrywide Series 2006-2

 

NYMC Series 2006

 

Merrill Lynch Countrywide Series 2006-3

 

SAIL 2006-1

 

Merrill Lynch Countrywide Series 2006-4

 

SAIL 2006-2

 

Merrill Lynch Series 2006-AHL1

 

SAIL 2006-3

 

Merrill Lynch Series 2006-AR1

 

SAIL 2006-4

 

Merrill Lynch Series 2006-FM1

 

SARM 2006-1

 

Merrill Lynch Series 2006-HE2

 

SARM 2006-2

 

Merrill Lynch Series 2006-HE3

 

SARM 2006-3

 

Merrill Lynch Series 2006-HE4

 

SARM 2006-4

 

Merrill Lynch Series 2006-HE5

 

SARM 2006-5

 

Merrill Lynch Series 2006-HE6

 

SARM 2006-6

 

Merrill Lynch Series 2006-RM1

 

SARM 2006-7

 

Merrill Lynch Series 2006-RM2

 

SARM 2006-8

 

Merrill Lynch Series 2006-RM3

 

SARM 2006-9

 

Merrill Lynch Series 2006-RM4

 

SARM 2006-10

 

Merrill Lynch Series 2006-RM5

 

SARM 2006-11

 

Merrill Lynch Series 2006-SD1

 

SARM 2006-12

 

Merrill Lynch Series 2006-SL1

 

SASCO 2006-BC1

 

Merrill Lynch Series 2006-SL2

 

SASCO 2006-BC2

 

Merrill Lynch Series 2006-C1

 

SASCO 2006-BC3

 

Merrill Lynch Series 2006-C2

 

SASCO 2006-BC4

 

Morgan Stanley Capital I Series 2006-HQ8

 

SASCO 2006-BC5

 

Morgan Stanley Capital I Series 2006-HQ9

 

SASCO 2006-BC6

 

Morgan Stanley Capital I Series 2006-IQ11

 

SASCO 2006-S1

 

Morgan Stanley Capital I Series 2006-IQ12

 

SASCO 2006-S2

 

Morgan Stanley Mtg Loan Trust Series 2006-4SL

 

SASCO 2006-S3

 

Morgan Stanley Mtg Loan Trust Series 2006-10SL

 

SASCO 2006-S4

 

Morgan Stanley Mtg Loan Trust Series 2006-14SL

 

Sequoia Alternative Loan Trust Series 2006-1

 

OWNIT Mortgage Loan Trust Series 2006-3

 

 

 

OWNIT Mortgage Loan Trust Series 2006-4

 

 

 

OWNIT Mortgage Loan Trust Series 2006-5

 

 

 

OWNIT Mortgage Loan Trust Series 2006-6

 

 

 

Non-Specific Transactions

Nominal Trustee Transactions

Custodian Only Transactions

Paying Agent Only Transactions

OWNIT Mortgage Loan Trust Series 2006-7

 

 

 

SACO I Trust Series 2006-1

 

 

 

SACO I Trust Series 2006-2

 

 

 

SACO I Trust Series 2006-3

 

 

 

SACO I Trust Series 2006-4

 

 

 

SACO I Trust Series 2006-5

 

 

 

SACO I Trust Series 2006-6

 

 

 

SACO I Trust Series 2006-7

 

 

 

SACO I Trust Series 2006-8

 

 

 

SACO I Trust Series 2006-9

 

 

 

SACO I Trust Series 2006-10

 

 

 

SACO I Trust Series 2006-12

 

 

 

SATURNS Series 2006-1

 

 

 

SATURNS Series 2006-2

 

 

 

TILES Series 2006-1

 

 

 

Wachovia Bank CMT Series 2006-C24

 

 

 

 

 EX-34.1 9 exh34_1wmalt20068.htm

Exhibit 34.1

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

Board of Directors and Shareholder
Washington Mutual Bank

We have examined management’s assertion, included in the accompanying Servicer’s Report on Assessment of Compliance, that WaMu Asset Acceptance Corp. (“WAAC”), a wholly owned subsidiary of Washington Mutual Bank and subsidiaries, complied with the servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s (“SEC”) Regulation AB for the securitizations of pools of mortgage loans that were completed on or after January 1, 2006, and prior to January 1, 2007 for which WAAC performed servicing functions set forth in the Item 1122(d) and that included one or more classes of publicly offered securities registered with the SEC pursuant to the Securities Act of 1933 (the “Platform”) as of and for the year ended December 31, 2006, excluding criteria 1122 (d)(1)(i)-(3)(i)(B) and 1122 (d)(3)(i)(D)-(4)(xv), which management has determined are not applicable to the activities performed by WAAC with respect to the Platform. Management is responsible for WAAC’s compliance with the servicing criteria. Our responsibility is to express an opinion on management’s assertion about WAAC’s compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about WAAC’s compliance with the applicable servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether WAAC performed those selected activities in compliance with the servicing criteria during the specified period and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by WAAC during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each specific asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by WAAC during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on WAAC’s compliance with the servicing criteria.

In our opinion, management’s assertion that WAAC complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2006 for the Platform is fairly stated, in all material respects.

 

/s/ Deloitte & Touche LLP

Seattle, Washington
February 22, 2007

 EX-34.2 10 exh34_2wmalt20068.htm

Exhibit 34.2

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Shareholder
Washington Mutual Bank

We have examined management’s assertion, included in the accompanying Servicer’s Report on Assessment of Compliance, that Washington Mutual Bank and subsidiaries (the “Company”) complied with the servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s (“SEC”) Regulation AB for the securitizations of pools of mortgage loans that were completed on or after January 1, 2006, and prior to January 1, 2007, for which the Company performed servicing functions set forth in Item 1122(d), that included one or more classes of publicly offered securities registered with the SEC pursuant to the Securities Act of 1933, and for which the Company has an obligation to deliver an Assessment of Compliance pursuant to Item 1122 (the “Platform”) as of and for the year ended December 31, 2006, excluding criteria 1122 (d)(1)(iii) and 1122 (d)(3)(i)(C-D), which management has determined are not applicable to the activities performed by the Company with respect to the Platform. Management is responsible for the Company’s compliance with the 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 attestation standards established by the American Institute of Certified Public Accountants, as adopted by 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, including tests on a sample basis of the servicing activities related to the Platform, determining whether the Company performed those selected activities in compliance with the servicing criteria during the specified period and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the Company during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each specific asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. 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 applicable servicing criteria as of and for the year ended December 31, 2006, for the Platform is fairly stated, in all material respects.

/s/ Deloitte & Touche LLP

March 14, 2007

 EX-34.3 11 exh34_3wmalt20068.htm

Exhibit 34.3

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Shareholder
Washington Mutual Bank

We have examined Washington Mutual Mortgage Securities Corp.’s (“WMMSC”), a wholly owned subsidiary of Washington Mutual Bank and subsidiaries, compliance with the servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s (“SEC”) Regulation AB for the securitizations of pools of mortgage loans that were completed on or after January 1, 2006, and prior to January 1, 2007 for which WMMSC performed servicing functions set forth in Item 1122(d) and that included one or more classes of publicly offered securities registered with the SEC pursuant to the Securities Act of 1933 (the “Platform”) described in the accompanying Servicer’s Report on Assessment of Compliance as of and for the year ended December 31, 2006, excluding criteria 1122 (d)(1)(iii), 1122 (d)(2)(i), 1122 (d)(2)(iii)-(iv), 1122 (d)(2)(vi), 1122 (d)(3)(i)(C), 1122 (d)(4)(i)-(iv), and 1122 (d)(4)(vi)-(xv), which management has determined are not applicable to the activities performed by WMMSC with respect to the Platform. Management is responsible for WMMSC’s compliance with the servicing criteria. Our responsibility is to express an opinion on WMMSC’s compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about WMMSC’s compliance with the applicable servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether WMMSC performed those selected activities in compliance with the servicing criteria during the specified period and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by WMMSC during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each specific asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by WMMSC during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on WMMSC’s compliance with the servicing criteria.

Our examination disclosed the following material noncompliance with 1122 (d)(2)(vii)(B) applicable to WMMSC during the year ended December 31, 2006. Two of twelve bank statement reconciliations examined were not prepared within 30 calendar days after the bank statement cutoff date; however, they were prepared within 30 calendar days after month end, which is 32 calendar days after the bank statement cutoff date.

In our opinion, except for the material noncompliance described in the preceding paragraph, WMMSC complied, in all material respects, with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2006 for the Platform, in all material respects.

 

/s/ Deloitte & Touche LLP

Seattle, Washington
February 22, 2007

 EX-34.4 12 exh34_4wmalt20068.htm

Exhibit 34.4

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Shareholder
Washington Mutual Bank

We have examined management’s assertion, included in the accompanying Servicer’s Report on Assessment of Compliance, that Washington Mutual Bank fsb (“WMB fsb”), a wholly owned subsidiary of Washington Mutual Bank and subsidiaries, complied with the servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s (“SEC”) Regulation AB for the securitizations of pools of mortgage loans that were completed on or after January 1, 2006, and prior to January 1, 2007 for which WMB fsb performed servicing functions set forth in Item 1122 (d) and that included one or more classes of publicly offered securities registered with the SEC pursuant to the Securities Act of 1933 (the “Platform”) as of and for the year ended December 31, 2006, excluding criteria 1122 (d)(1)(i)-(3)(iv) and 1122 (d)(4)(iii)‑(4)(xv), which management has determined are not applicable to the activities performed by WMB fsb with respect to the Platform. Management is responsible for WMB fsb’s compliance with the servicing criteria. Our responsibility is to express an opinion on management’s assertion about WMB fsb’s compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about WMB fsb’s compliance with the applicable servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether WMB fsb performed those selected activities in compliance with the servicing criteria during the specified period and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by WMB fsb during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each specific asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by WMB fsb during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on WMB fsb’s compliance with the servicing criteria.

In our opinion, management’s assertion that WMB fsb complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2006 for the Platform is fairly stated, in all material respects.

/s/ Deloitte & Touche LLP

Seattle, Washington
February 22, 2007

 EX-34.5 13 exh34_5wmalt20068.htm

EXHIBIT 34.5

[PricewaterhouseCoopers LLP Letterhead]

Report of Independent Registered Public Accounting Firm

 

To the Shareholders and the Board of Directors of Assurant, Inc.:

We have examined management’s assertion, included in the accompanying management's Report on Assessment of Compliance with 1122(d)(2)(vi) and 1122(d)(4)(xi) of Regulation AB Servicing Criteria, that American Security Insurance Company, Standard Guaranty Insurance Company and Safeco Financial Institution Solutions, Inc. (affiliates of Assurant Inc., collectively the "Asserting Party") complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for all mortgage loan-tracking transactions for which the Asserting Party served as a Vendor on behalf of Servicers for such asset-backed securities transactions that were registered after January 1, 2006 with the Securities and Exchange Commission pursuant to the Securities Act of 1933 (the "Platform"), as of December 31, 2006 and for the year then ended, excluding (i) criteria 1122(d)(1)(i) through 1122 (d)(1)(iv), 1122 (d)(2)(i) through 1122(d)(2)(v), 1122(d)(2)(vii), 1122(d)(3)(i) through 1122(d)(3)(iv), 1122(d)(4)(i) through 1122(d)(4)(x) and 1122(d)(4)(xiii) through 1122(d)(4)(xv), which the Asserting Party has determined are not applicable to the activities performed by it with respect to the Platform and (ii), criterion 1122(d)(4)(xii), which relates to servicing activities that are applicable to the Platform, but are excluded from the scope of management’s assertion and are not reported on herein. Management is responsible for the Company's compliance with the servicing criteria. Our responsibility is to express an opinion on management's assertion 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 selected asset-backed transactions and securities that comprise the Platform, testing of selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the applicable servicing criteria.  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 detect noncompliance arising from errors that may have occurred 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.  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 Asserting Party complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2006 for the Platform is fairly stated, in all material respects.

/s/ PricewaterhouseCoopers LLP 

Atlanta, GA
February 23, 2007

 

 EX-34.6 14 exh34_6wmalt20068.htm

EXHIBIT 34.6

 

Report of Independent Registered Public Accounting Firm

We have examined management’s assertion, included in the accompanying Management’s Assertion on Compliance with Item 1122 Criteria, that LaSalle Bank National Association (“LBNA” or “the Company”), a wholly owned subsidiary of LaSalle Bank Corporation, complied with the servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s Regulation AB for all new Asset Backed Securities, Commercial Mortgage Backed Securities and Residential Mortgage Backed Securities securitization trust transactions subsequent to January 1, 2006, to the extent subject to Regulation AB for which LBNA is trustee (“the Platform”), as of and for the year ended December 31, 2006, except for those criteria which the Company has determined are not applicable to the activities performed by them with respect to the Platform covered by this report. See Exhibit A of management’s assertion for a list of servicing criteria determined by the Company to be applicable to the activities performed by them with respect to the Platform.  As indicated in the Management’s Assertion on Compliance with Item 1122 Criteria, management’s assertion for servicing criteria 1122(d)(3)(i)(A) and (B) covers only the information in reports to investors that is specifically required by the respective transaction agreements, and not to any additional information included in reports to investors that is not required by the respective transaction agreements.  Management is responsible for the Company’s compliance with the servicing criteria listed in Exhibit A. 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 individual mortgage 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 assertion that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2006 for the Platform, is fairly stated, in all material respects. 

/s/ Ernst & Young LLP

February 28, 2007

 EX-35.1 15 exh35_1wmalt20068.htm Exhibit 35

Exhibit 35.1

WASHINGTON MUTUAL BANK

OFFICER’S CERTIFICATE
ANNUAL STATEMENT OF COMPLIANCE 

            I, H. John Berens, an authorized officer of Washington Mutual Bank (the “Servicer”), do hereby certify to WaMu Asset Acceptance Corp. (the “Depositor”), pursuant to the Pooling and Servicing Agreement dated as of September 1, 2006 (as amended, the “Servicing Agreement”) by and between the Depositor, the Servicer, LaSalle Bank, National Association, as Trustee, and Christiana Bank & Trust Company, as Delaware Trustee,  the following with respect to Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-8 Trustfor the 2006 fiscal year  (the “Relevant Year”):

1.                  A review of the activities of the Servicer during the Relevant Year and of performance under the Servicing Agreement has been made under my supervision.

2.                  To the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Servicing Agreement in all material respects throughout the Relevant Year. 

Dated as of February 22, 2007.

                                                                                                     /s/ H. John Berens

___________________________________________
Name:  H. John Berens
Title:    Senior Vice President

 

 EX-35.2 16 exh35_2wmalt20068.htm EXHIBIT 35

EXHIBIT 35.2

WASHINGTON MUTUAL MORTGAGE SECURITIES CORP.

OFFICER’S CERTIFICATE
ANNUAL STATEMENT OF COMPLIANCE 

            I, Barbara Campbell, an authorized officer of Washington Mutual Mortgage Securities Corp. (the “Administrative Agent”), do hereby certify to WaMu Asset Acceptance Corp. (the “Depositor”) and Washington Mutual Bank (the “Servicer”), pursuant to the Amended and Restated Administrative Agent Agreement dated as of February 1, 2005 (the “Servicing Agreement”) by and between the Servicer, and the Administrative Agent the following with respect to Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-8 Trustfor the 2006 fiscal year  (the “Relevant Year”):

1.                  A review of the activities of the Servicer during the Relevant Year and of performance under the Servicing Agreement has been made under my supervision.

 

2.                  To the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Servicing Agreement in all material respects throughout the Relevant Year.

Dated as of February 22, 2007. 

 

/s/ Barbara Campbell________________
Name:  Barbara Campbell
Title:    First Vice President

 

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