ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICING CRITERIA


     Treasury Bank, a division of Countrywide Bank, N.A. (the "Company")
provides this platform-level assessment, for which the Company participated
in servicing functions, as such term is described under Title 17, Section
229.1122 of the Code of Federal Regulations ("Item 1122 of Regulation AB"),
of compliance in respect of the following Applicable Servicing Criteria
specified in Item 1122(d) of Regulation AB promulgated by the Securities
and Exchange Commission in regard to the following servicing platform for
the following period:

     Platform:  publicly-issued (i.e., registered with the Securities and
     Exchange Commission pursuant to the Securities Act of 1933, as
     amended) residential mortgage-backed securities issued on or after
     January 1, 2006, by PHH Mortgage Capital LLC, for which the Company
     provides custodial operations of pool assets and related documents,
     collectively "Servicing Functions" and for which the related issuer
     has a fiscal year end of December 31, 2006.  For purposes of this
     assessment, the publicly-issued residential mortgage-backed securities
     transactions included in the Company's servicing platform for the
     following period are described on the attached Schedule A.

     Period:  as of and for the year ended December 31, 2006.

Applicable Servicing Criteria:  Regulation AB Items 1122(d)(4)(i)and
1122(d)(4)(ii).  The Company has determined that no other servicing
criteria are applicable to the activities it performs with respect to the
Platform.

     With respect to the Platform and the Period, the Company provides the
following assessment of compliance in respect of the Applicable Servicing
Criteria:

     1.  The Company is responsible for assessing its compliance with the
Applicable Servicing Criteria.
     2.  The Company has assessed compliance with the Applicable Servicing
Criteria.
     3.  Other than as identified on Schedule B hereto, as of and for the
Period, the Company was in material compliance with the Applicable
Servicing Criteria.
     KPMG LLP, an independent registered public accounting firm, has issued
an attestation report with respect to the Company's foregoing assessment of
compliance.










                           TREASURY BANK, A DIVISION OF
                           COUNTRYWIDE BANK, N.A.


                           By:  /s/ Teresita Que
                                -----------------------------------------
                                Teresita Que

                           Its:  Executive Vice President


                           Dated: February 28, 2007

                           By:  /s/ Maria S. Garner
                                -----------------------------------------
                                Maria S. Garner

                           Its:  First Vice President


                           Dated: February 28, 2007










                                 Schedule A

List of Residential Mortgage-Backed Securities Defined by Management As
                         Constituting the Platform
      PHHMC Mortgage Pass-Through Certificates, Series 2006-1

      PHHMC Mortgage Pass-Through Certificates, Series 2006-2

      PHHMC Mortgage Pass-Through Certificates, Series 2006-3

      PHHMC Mortgage Pass-Through Certificates, Series 2006-4












                                 Schedule B

                    Material Instances of Noncompliance
As of and for the year ended December 31, 2006, the Company has identified
the following material instances of noncompliance with respect to
Regulation AB Item 1122(d)(4)(i) of the Applicable Servicing Criteria:

     With respect to document exception reports (each, an "Exception
     Report")described in related certifications that are required under
     the related transaction agreements to be delivered to Citibank, N.A.,
     as trustee for the transactions included in the Platform,
     approximately 42.9% were delivered after the date required under the
     related transaction agreements.

Mitigating Factors and Remediation Efforts:
     1)       Of the Exception Reports delivered after the required date,
              the Company delivered all but one within 24 hours after the
              required date delivered the remaining one within 29 days
              after the required date.
     2)       None of the Exception Reports delivered after the required
              date related to the final report regarding collateral
              documents required by the related transaction agreements and
              no party was prejudiced in any material respect by any delay
              resulting from the instance of noncompliance.
     3)       With respect to the transactions giving rise to the reported
              material instances of noncompliance, the Company was not a
              direct signatory to the related trust documents.  Since the
              discovery of the reported material instances of
              noncompliance, the Company has improved its reporting
              tracking system to ensure uniformly timely delivery of
              certifications and exception reports.