KPMG

KPMG LLP
Suite 700
600 Anton Boulevard
Costa Mesa, CA 92626-7651

 Report of Independent Registered Public Accounting Firm


The Board of Directors
New Century Mortgage Corporation, a wholly owned subsidiary
of New Century Financial Corporation:

We were engaged to examine New Century Mortgage Corporation's
(the Company) compliance with the servicing criteria set forth
in Item 1122(d) of the Securities and Exchange Commission's
(SEC) Regulation AB, to the extent applicable for the Company
as set forth in Appendix A to Management's Certification
Regarding Compliance with Applicable Servicing Criteria
(Management's Assessment), as of and for the year ended December
31, 2006, for loans serviced by the Company that were included
in publicly issued mortgage-backed security transactions issued
on or after January 1, 2006 (the Platform). We were not engaged
to examine the Company's compliance with servicing criteria
1122(d)(1)(iii), 1122(d)(3)(i)(C),1122(d)(3)(ii)-(iv),
1122(d)(4)(i)-(ii), 1122(d)(4)(xi)-(xii), and 1122(d)(4)(xv),
and servicing criteria 1122(d)(2)(i) and 1122(d)(4)(iv) only as
they relate to the initial processing of cash receipts at the
lockbox, 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. Appendix B to
Management's Assessment identifies the individual mortgage-backed
security transactions defined by management as constituting the
Platform. Management is responsible for the Company's compliance
with the aforementioned servicing criteria.

Management has identified the following instances of material
noncompliance with the applicable servicing criteria set forth
in Item 1122(d) of the SEC's Regulation AB as of and for the
year ended December 31, 2006, for loans serviced by the Company
that were included in publicly issued mortgage-backed security
transactions issued on or after January 1, 2006:

     Servicing criteria 1122(d)(1)(ii). The Company did not
     have adequate policies and procedures in place to monitor
     the material servicing activities outsourced to the third
     party performing the initial processing of cash receipts at
     the lockbox.

     Servicing criteria 1122(d)(1)(iv). The Company did not
     maintain adequate fidelity bond coverage.

     Servicing criteria 1122(d)(2)(vii)(B). The Company did not
     complete bank account reconciliations within the time
     required.

     Servicing criteria 1122(d)(4)(vi). The Company did not
     review and approve changes to the terms or status of an
     obligor's pool asset as required by the respective
     transaction agreements and related pool asset documents.


       KPMG LLP, a U.S. limited liability partnership, is the
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                            cooperative.



     Servicing criteria 1122(d)(4)(vii). The Company did not:

      -     Initiate, conduct and conclude loss mitigation or
            recovery actions within time frames or other
            requirements of the respective transaction
            agreements;

      -     Execute forbearance plans as required by the
            respective transaction agreements;

      -     Execute pre-foreclosure sales or short payoffs
            resulting from the acceptance of funds in an amount
            that is less than the total
            borrower indebtedness as required by the respective
            transaction agreements; and

      -     Execute foreclosures as required by the respective
            transaction agreements.

Management has concluded that, due to the above instances of
material noncompliance, the Company did not comply with the
servicing criteria set forth in Item 1122(d) of the SEC's
Regulation AB as of and for the year ended December 31, 2006,
for loans serviced by the Company that were included in publicly
issued mortgage-backed security transactions issued on or after
January 1, 2006.

New Century Financial Corporation's (New Century) audit
committee has initiated an independent investigation into the
issues giving rise to New Century's need to restate its 2006
interim financial statements, as well as the issues pertaining
to New Century's valuation of residual interests in
securitizations in 2006 and prior periods. This investigation
has not yet been completed and, accordingly, we were not able
to perform procedures necessary to complete our examination of
New Century Mortgage Corporation's compliance with the servicing
criteria set forth in Item 1122(d) of the SEC's Regulation AB
for loans serviced by the Company that were included in publicly
issued mortgage-backed security transactions issued on or after
January 1, 2006. Had we been able to perform procedures
necessary to complete our examination, additional instances of
material noncompliance with the applicable servicing criteria
may have been identified.

Because of the restriction on the scope of our examination
discussed in the preceding paragraph, the scope of our work was
not sufficient to enable us to express, and we do not express,
an opinion on whether New Century Mortgage Corporation is in
compliance with the servicing criteria set forth in Item
1122(d) of the Securities and Exchange Commission's Regulation
AB.

New Century has disclosed that it has received numerous notices
from lenders alleging that certain events of default have
occurred as defined in certain Master Repurchase Agreements
and other borrowing agreements, and that these lenders have
accelerated New Century's obligation to repurchase all
outstanding mortgage loans financed under those agreements
and terminated those agreements.

New Century has disclosed that, due to lack of liquidity, it has
been unable to meet a number of those repurchase requests. As a
result, New Century has elected to cease accepting loan
applications from prospective borrowers.

In addition, New Century has previously disclosed that it has
received cease and desist orders from several states and entered
into consent agreements with several of these states. The orders
and consent agreements seek to restrict New Century and certain
of its 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
jurisdictions. The orders and consent agreements also seek to
cause the subsidiaries to affirmatively take certain actions,
including the creation of escrow accounts to hold fees relating
to pending applications, the transfer to other lenders of the
outstanding mortgage applications and unfunded mortgage loans
held by subsidiaries, and the provision of regular information
to 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.
New Century also has disclosed that the State of New York has
suspended its mortgage banking license in that state.


New Century has received a Notice of Breach and Termination of
Mortgage Selling and Servicing Contract from the Federal
National Mortgage Association (Fannie Mae). In its notice,
Fannie Mae purports to terminate its Mortgage Selling and
Servicing Contract with New Century (the Fannie Mae Contract)
for cause, based on alleged breaches of the Fannie Mae Contract
as well as alleged breaches by New Century under other contracts
with Fannie Mae. As a result of the termination, New Century is
no longer able to sell mortgage loans directly to Fannie Mae or
act as the primary servicer of any mortgage loans for Fannie
Mae. New Century also notified the Federal Home Loan Mortgage
Corp. (Freddie Mac) that it was voluntarily terminating its
eligibility with Freddie Mac. As a result of this termination,
New Century and its subsidiaries are no longer able to sell
mortgage loans directly to Freddie Mac or act as the primary
servicer of any mortgage loans for Freddie Mac.

On April 2, 2007, New Century filed voluntary petitions (the
Bankruptcy Filings) for reorganization under Chapter 11 of the
United States Bankruptcy Code (the Bankruptcy Code) in the
United States Bankruptcy Court for the District of Delaware
(the Bankruptcy Court). New Century will continue to operate
their businesses as "debtors-in-possession" under the
jurisdiction of the Bankruptcy Court and in accordance with the
applicable provisions of the Bankruptcy Code and orders of the
Bankruptcy Court. Further, on April 2, 2007, New Century entered
into an Asset Purchase Agreement with Carrington Capital
Management, LLC and its affiliate (Carrington) for the sale of
its servicing assets and servicing platform to Carrington. The
consummation of the transaction is subject to approval by the
Bankruptcy Court.

The matters discussed in the four preceding paragraphs,
including their respective resolution, raise substantial doubt
about New Century's ability to continue as a going concern.
Resolution of the uncertainty associated with New Century's
ability to continue as a going concern may have a material and
adverse effect on the Company's ability to fulfill its existing
loan servicing obligations, including those associated with
publicly issued mortgage-backed security transactions issued on
or after January 1, 2006.

/s/  KPMG LLP

Costa Mesa, California
April 4, 2007