1725
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**MANAGEMENT'S
      ASSERTION ON COMPLIANCE WITH APPLICABLE SERVICING**


**CRITERIA
      PURSUANT TO ITEM 1122 OF REGULATION AB**




Management
      of the National Consumer Cooperative Bank (the Bank) is responsible for
      assessing compliance
      with the servicing criteria set forth in Item 1122(d) of Regulation AB of the
      Securities and Exchange
      Commission as of and for the year ended December 31, 2006 (the Reporting
      Period), relating to the
      servicing of asset backed securities transactions conducted by the Bank, as
      identified in Appendix A, during
      the Reporting Period (the Platform).




Management
      of the Bank has assessed the effectiveness of the Bank's compliance with the
      applicable servicing criteria for the Reporting Period. In making this
      assessment, management used the criteria set forth
      by
      the Securities and Exchange Commission in paragraph (d) of item 1122 of
      Regulation AB, excluding
      the criteria set forth in Appendix B, which management has determined are riot
      applicable to the
      servicing activities it performs with respect to the Platform.




With
      respect to servicing criteria (d)(4)(xi), the Bank has engaged various vendors
      to perform the activities
      required by these servicing criteria. Management has determined that these
      vendors are not considered
      a "servicer" as defined in Item 1101(j) of Regulation AB, and has elected to
      take responsibility
      for assessing compliance with the servicing criteria applicable to each 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,
      management asserts
      that it has policies and procedures in place designed to provide reasonable
      assurance that the vendors'
      activities comply in all material respects with the servicing criteria
      applicable to each vendor. Management
      is solely responsible for determining that it meets the SEC requirements to
      apply Interpretation
      17.06 for the vendors and related criteria.




Based
      on
      such assessment, management believes that, for the Reporting Period the Bank
      has
      complied in all
      material respects with the applicable servicing criteria set forth in Item
      1122
      (d) of Regulation AB of the
      Securities and Exchange Commission relating to the serving of the
      Platform.


KPMG
      LLP,
      a registered public accounting firm, has issued an attestation report with
      respect to management's
      assessment of compliance with the applicable servicing criteria for the
      Reporting Period.







/s/
      Kathleen Luzik


Kathleen
      Luzik, Managing Director




Banking
                  & Financial Serviceswww.ncb.coop
              Cooperative
                  ExpansionEconomic
                  Development












Appendix
      A to Management's Assertion




Fannie
            Mae
                MBS Contract X00122-4


Fannie
      Mae MBS Contract X00122-3


Fannie
      Mae MBS Contract X000002


Fannie
      Mae MBS Contract X000117


Fannie
      Mae MBS Contract X000119


Fannie
      Mae MBS Contract X000112


Fannie
      Mae MBS Contract X000122


Fannie
      Mae WAS REMIC 1998-M6


Fannie
      Mae MBS Contract X000122-1


Fannie
      Mae MBS Contract X000122-2


Fannie
      Mae WAS REMIC 1995-M4


Fannie
      Mae MBS Contract X000091


Fannie
      Mae WAS REMIC 1997-M8


Fannie
      Mae MBS Contract X000097


CSFB
      Series 1997 Cl


CSFB
      Series 1997 C2


CSFB
      Series 1997 PS1


CSFB
      Series 1998 Cl


CSFB
      Series 1998 C2


CSFB
      Series 1999 Cl


CSFB
      Series 2000 PS4


CSFB
      Series 2000 Cl (Coop)


CSFB
      Series 1998 PS2


CSFB
      Series 2000 Cl (Comm)


CSFB
      Series 2001 CKN5 (Coop)


CSFB
      Series 2001 CKN5 (Comm)


CSFB
      Series 2002 CKN2 (Coop)


CSFB
      Series 2002 CKN2 (Comm)


CSFB
      Series 2002 CP3


MSDW
      Series 2002-IQ3


CSFB
      Series 2003-CPN1


CSFB
      Series 2003-C3


MSCI
      Series 2003-IQ6


CSFB
      Series 2004 C1


MSCI
      Series 2004-IQ7


CSFB
      Series 2004 C4


MSCI
      Series 2005 IQ9


CSFB
      Series 2005 C3


CSFB
      Series 2005 C5


MSCI
      Series 2005 IQ10


CSFB
      Series 2006 Cl


MSCI
      Series 2006 IQ11


CSFB
      Series 2006 C4








Appendix
      B to Management's Assertion Regulation
      AB Item 1122(d) criteria determined to be not applicable:


·
            1122(d)(1)(iii)


·
            1122(d)(3)(i)


·
            1122(d)(3)(ii)


·
            1122(d)(3)(iii)


·
            1122(d)(3)(iv)


·
            1122(d)(4)(i)


·
            1122(d)(4)(ii)


·
            1122(d)(4)(iii)


·
            1122(d)(4)(xv)