WLA14237

        Report of Independent Registered Public Accounting Firm


The Board of Directors
Countrywide Bank, N.A.:

We have examined Treasury Bank's, a division of Countrywide Bank, N.A.
(the Company), compliance with the servicing criteria set forth in
Item 1122(d) of the Securities and Exchange Commission's Regulation AB
for publicly issued residential mortgage backed securities issued on or
after January 1, 2006 by PHH Mortgage Capital LLC (PHHMC Mortgage
Pass Through Certificates Series 2006 1, 2006 2, 2006 3, and 2006 4)
(the Platform), specifically Item 1122(d)(4)(i) and 1122(d)(4)(ii), for
which the Company provides custodial operations of pool assets and
related documents on behalf of Citibank, N.A., Trustee, as of and for
the year ended December 31, 2006. The Company has determined that no
other servicing criteria are applicable to the activities it performs
with respect to the Platform. Management is responsible for the
Company's compliance with those servicing criteria. Our responsibility
is to express an opinion on the Company's compliance based on our
examination.

Our examination was conducted in accordance with the standards of the
Public Company Accounting Oversight Board (United States) and,
accordingly, included examining, on a test basis, evidence about the
Company's compliance with the servicing criteria specified above and
performing such other procedures as we considered necessary in the
circumstances. Our examination included testing of less than all of the
individual asset backed transactions and securities that comprise the
Platform, testing of less than all of the servicing activities related
to the Platform, and determining whether the Company processed those
selected transactions and performed those selected activities in
compliance with the servicing criteria. Furthermore, our procedures
were limited to the selected transactions and servicing activities
performed by the Company during the period covered by this report. Our
procedures were not designed to determine whether errors may have
occurred either prior to or subsequent to our tests that may have
affected the balances or amounts calculated or reported by the Company
during the period covered by this report for the selected transactions
or any other transactions. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the servicing
criteria.

Our examination disclosed the following material noncompliance with
1122(d)(4)(i) applicable to the Company during the year ended
December 31, 2006. With respect to document exception reports described
in related certifications required under the related transaction
agreements to be delivered to Citibank, N.A., the Trustee, three out of
the total of seven document exception reports for the Platform were
delivered after the date required under the related transaction
agreements.



In our opinion, except for the material noncompliance described above,
the Company complied, in all material respects, with the aforementioned
servicing criteria as of and for the year ended December 31,2006.


                                /s/ KPMG LLP



Los Angeles, California
February 28, 2007