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EXHIBIT
99.5
 PHH Mortgage
    
    4001 Leadenhall Road 
Mt. Laurel, NJ 08054
 February 28, 2006
    
    (PHH LOGO)
 
 RE:
    
    Annual Statement as to Compliance
    a)
    
    The activities and performances of the Servicer during the preceding Fiscal
year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing
Agreement and/or Servicer Guide for the deal listed above, and to the best of my
knowledge the Servicer has fulfilled all of its duties, responsibilities or obligations
under this Agreement throughout such year, or if there has been default or failure of
the Servicer to perform any such duties, responsibilities or obligations, a description
of each default or failure and the nature and status thereof has been reported to WELLS
FARGO BANK NA;b)
    
    The Servicer is currently an approved FNMA or FHLMC Servicer in good standing;c)
    
    The Fidelity Bond, the Errors and Omissions Insurance Policy and any other
bonds required under the terms of the Servicing Agreement, Trust Agreement, Pooling
and Servicing Agreement and/or Servicer Guide are in full force and effect;d)
    
    All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if
applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each
Mortgaged Property, have been paid and that such insurance policies are in full Force
and effect;e)
    
    All real estate taxes, governmental assessments and any other expenses accrued
and due, that if not paid could result in a lien or encumbrance on any Mortgage
Property, have been paid, or if any such costs or expenses have been paid with respect
to any Mortgaged Property, the reason for the non-payment has been reported to WELLS
FARGO BANK NA;f)
    
    All Custodial Accounts have been reconciled and are properly funded; andg)
    
    All annual reports of Foreclosure and Abandonment of Mortgaged Property
required per section 6050H, 6050J and 6050P of the Internal Revenue Code,
respectively, have been prepared and filed.
  /s/ Jack WebbJack WebbAssistant Vice PresidentDate: February 28, 2006




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PHH Mortgage
    
    4001 Leadenhall Road 
Mt. Laurel, NJ 08054
 2/28/06
    
    (PHH LOGO)WELLS FARGO BANK NA
 
        PHH Mortgage CorporationBy:
    
    /s/ Martin FosterMartin FosterSenior Vice PresidentDate: 2/28/06




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PHH Mortgage
    
    4001 Leadenhall Road 
Mt. Laurel, NJ 08054
 February 28, 2006
    
    (PHH LOGO)
 
 RE:
    
    Annual Statement as to Compliance
    a)
    
    The activities and performances of the Servicer during the preceding Fiscal
year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing
Agreement and/or Servicer Guide for the deal listed above, and to the best of my
knowledge the Servicer has fulfilled all of its duties, responsibilities or obligations
under this Agreement throughout such year, or if there has been default or failure of
the Servicer to perform any such duties, responsibilities or obligations, a description
of each default or failure and the nature and status thereof has been reported to WELLS
FARGO BANK NA;b)
    
    The Servicer is currently an approved FNMA of FHLMC Servicer in good standing;c)
    
    The Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required
under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement
and/or Servicer Guide are in full force and effect;d)
    
    All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if
applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each
Mortgaged Property, have been paid and that such insurance policies are in full force
and effect;e)
    
    All real estate taxes, governmental assessments and any other expenses accrued
and due, that if not paid could result in a lien or encumbrance on any Mortgage
Property, have been paid, or if any such costs or expenses have been paid with respect
to any Mortgaged Property, the reason for the non-payment has been reported to WELLS
FARGO BANK NA;f)
    
    All Custodial Accounts have been reconciled and are properly funded; andg)
    
    All annual reports of Foreclosure and Abandonment of Mortgaged Property
required per section 6050H, 6050J and 6050P of the Internal Revenue Code,
respectively, have been, prepared and filed.
  /s/ Jack WebbJack Webb
Assistant Vice PresidentDate: February 28, 2006




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##### 



PHH Mortgage
    
    4001 Leadenhall Road 
Mt. Laurel, NJ 08054
 2/28/06
    
    (PHH LOGO)WELLS FARGO BANK NA
 
        PHH Mortgage CorporationBy:
    
    /s/ Martin FosterMartin FosterSenior Vice PresidentDate: 2/28/06




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##### 



PHH Mortgage
    
    4001 Leadenhall Road 
Mt. Laurel, NJ 08054
 February 28, 2006
    
    (PHH LOGO)
 
 RE:
    
    Annual Statement as to Compliance
    a)
    
    The activities and performances of the Servicer during the preceding Fiscal year under the
terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or
Servicer Guide for the deal listed above, and to the best of my knowledge the Servicer has
fulfilled all of its duties, responsibilities or obligations under this Agreement throughout
such year, or if there has been default or failure of the Servicer to perform any such duties,
responsibilities or obligations, a description of each default or failure and the nature and
status thereof has been reported to WELLS FARGO BANK NA;b)
    
    The Servicer is currently an approved FNMA or FHLMC Servicer in good standing;c)
    
    The Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required
under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement
and/or Servicer Guide are in full force and effect;d)
    
    All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable)
and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged
Property, have been paid and that such insurance policies are in full force and effect;e)
    
    All real estate taxes, governmental assessments and any other expenses accrued and
due, that if not paid could result in a lien or encumbrance on any Mortgage Property, have
been paid, or if any such costs or expenses have been paid with respect to any Mortgaged
Property, the reason for the non-payment has been reported to WELLS FARGO BANK NA;f)
    
    All Custodial Accounts have been reconciled and are properly funded; andg)
    
    All annual reports of Foreclosure and Abandonment of Mortgaged
Property required per section 6050H, 6050J and 6050P of the Internal Revenue Code,
respectively, have been prepared and filed.
 Certified by/s/ Jack WebbJack Webb
Assistant Vice PresidentDate: February 28, 2006




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PHH Mortgage
    
    4001 Leadenhall RoadMt. Laurel, NJ 080542/28/06
    
    (PHH LOGO)
 
        PHH Mortgage CorporationBy:
    
    /s/ Martin FosterMartin FosterSenior Vice PresidentDate: 2/28/06




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PHH Mortgage
    
    4001 Leadenhall RoadMt. Laurel, NJ 08054February 28, 2006
    
    (PHH LOGO)
 ,
     a)
    
    The activities and performances of the Servicer during the preceding Fiscal year under
the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or
Servicer Guide for the deal listed above, and to the best of my knowledge the Servicer has
fulfilled all of its duties, responsibilities or obligations under this Agreement throughout such
year, or if there has been default or failure of the Servicer to perform any such duties,
responsibilities or obligations, a description of each default or failure and the nature and status
thereof has been reported to WELLS FARGO BANK NA;b)
    
    The Servicer is currently an approved FNMA of FHLMC Servicer in good standing;c)
    
    The Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds
required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing
Agreement and/or Servicer Guide arc in full force and effect;d)
    
    All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable)
and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property,
have been paid and that such insurance policies are in full force and effect;e)
    
    All real estate taxes, governmental assessments and any other expenses
accrued and due, that if not paid could result in a lien or encumbrance on any Mortgage
Property, have been paid, or if any such costs or expenses have been paid with respect to any
Mortgaged Property, the reason for the non-payment has been reported to WELLS FARGO BANK NA;f)
    
    All Custodial Accounts have been reconciled and are properly funded; andg)
    
    All annual reports of Foreclosure and Abandonment of Mortgaged Property required per
section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been
prepared and filed.
  /s/ Jack Webb




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##### 



PHH Mortgage
    
    4001 Leadenhall RoadMt. Laurel, NJ 080542/28/06
    
    (PHH LOGO)
 
        PHH Mortgage CorporationBy:
    
    /s/ Martin FosterMartin FosterSenior Vice PresidentDate: 2/28/06




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##### 



PHH Mortgage
    
    4001 Leadenhall RoadMt. Laurel, NJ 08054
  February 28, 2006
    
    (PHH LOGO)
 
     a)
    
    The activities and performances of the Servicer during the preceding Fiscal year under
the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or
Servicer Guide for the deal listed above, and to the best of my knowledge the Servicer has
fulfilled all of its duties, responsibilities or obligations under this Agreement throughout such
year, or if there has been default or failure of the Servicer to perform any such duties,
responsibilities or obligations, a description of each default or failure and the nature and status
thereof has been reported to WELLS FARGO BANK NA;b)
    
    The Servicer is currently an approved FNMA or FHLMC Servicer in good standing;c)
    
    The Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds
required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing
Agreement and/or Servicer Guide are in full force and effect;d)
    
    All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable)
and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property,
have been paid and that such insurance policies are in full force and effect;e)
    
    All real estate taxes, governmental assessments and any other expenses accrued and due
that if not paid could result in a lien or encumbrance on any Mortgage Property, have been paid, or
if any such costs or expenses hove been paid with respect to any Mortgaged Property, the
reason for the non-payment has been reported to WELLS FARGO BANK NA;f)
    
    All Custodial Accounts have been reconciled and are properly funded; andg)
    
    All annual reports of Foreclosure and Abandonment of Mortgaged Property required per
section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been
prepared and filed.
 Certified by/s/ Jack WebbJack WebbAssistant Vice PresidentDate: February 28,2006
  PHH Mortgage CorporationBy:
    /s/ Martin FosterMartin FosterSenior Vice President
Date: 2/28/06Date: 2/28/06




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PHH Mortgage
    
    4001 Leadenhall RoadMr. Laurel, NJ 08054
  2/28/06
    
    (PHH LOGO)
 
        PHH Mortgage CorporationBy:
    /s/ Martin FosterMartin FosterSenior Vice PresidentDate: 2/28/06