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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To PHH Mortgage Corporation:


We have examined PHH Mortgage Corporation's (the "Company's") compliance with
the servicing criteria set forth in Item 1122 (d) of the Securities and
Exchange Commission's Regulation AB for PHH Mortgage Corporation's Regulation
AB Platform (the "Platform") described in the accompanying Management's Report
on Assessment of Compliance with Regulation AB Servicing Criteria as of and
for the year ended December 31, 2006, excluding criteria 1122 (d)(1)(iii),
(d)(3)(i)(C), (d)(4)(ii), and (d)(4)(xv), 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 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 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.

As described in management's assertion, for servicing criteria 1122
(d)(4)(vii) and(d)(4)(xi), the Company has engaged a vendor to perform
certain activities required by this servicing criteria. The Company has
determined that this vendor is not considered a "servicer" as defined
in Item 1101(j) of Regulation AB, and the Company has elected to take
responsibility for assessing compliance with the servicing criteria
applicable to this vendor as permitted by Interpretation 17.06 of the SEC
Division of Corporation Finance Manual of Publicly Available Telephone
Interpretations ("Interpretation 17.06"). As permitted by Interpretation
17.06, the Company has asserted that it has policies and procedures in
place designed to provide reasonable assurance that the vendor's activities
comply in all material respects with the servicing criteria applicable to
this vendor. The Company is solely responsible for determining that it meets
the SEC requirements to apply Interpretation 17.06 for the vendor and related
criteria as described in its assertion, and we performed no procedures with
respect to the Company's determination of its eligibility to use
Interpretation 17.06.






Our examination disclosed the following material noncompliance with
criteria applicable to the Company during the year ended December 31, 2006:


Standard                          Description
1122(d)(1)(i)    The Company has not instituted policies and procedures
                 to specifically monitor performance or other triggers or
                 events of default stated in the transaction agreements
1122(d)(1)(iv)   During the months of July, August, and September, the
                 Company's minimum coverage requirement exceeded its $160
                 million fidelity bond by amounts ranging up to approximately
                 $1.3 million. Effective September 27, 2006, the Company's
                 fidelity bond was increased to $170 million.
1122(d)(3)(i)(A) The Company did not maintain or provide one of the required
                 monthly reports stated in the transaction agreements during
                 the year
1122(d)(3)(i)(D) The Company did not perform procedures to agree the unpaid
                 principal balance and number of loans serviced by the
                 Company with that of the investors or trustees

In our opinion, except for the material noncompliance described in the
preceding paragraph, the Company complied, in all material respects, with
the aforementioned applicable servicing criteria for the PHH Mortgage
Corporation's Regulation AB Platform as of and for the year ended
December 31, 2006.



/s/ Deloitte & Touche LLP


February 28, 2007