**March      14, 2007**

**Management's      Report on Assessment of Compliance with Applicable Servicing      Criteria**

| 1.   | Equity                One, Inc., a Delaware corporation (“Equity One”), and Popular Mortgage                Servicing, Inc., a Delaware corporation (“PMSI,”), both wholly-owned                subsidiaries of Popular Financial Holdings, Inc.(and together, the                “Company”), as servicers under the transactions covered by this report are                responsible for assessing the Company’s compliance with the servicing                criteria applicable to the Company under paragraph (d) of Item 1122                of                Regulation AB promulgated by the U.S. Securities and Exchange Commission,                as of and for the year ended December 31, 2006 (the “Reporting                Period”). |
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| 2.   | Effective                as of 11:59 p.m. on May 31, 2006, Equity One transferred substantially                all                of its mortgage servicing operations and business to PMSI. PMSI utilizes                substantially the same personnel, servicing platform and servicing                policies and procedures as had been historically utilized by Equity                One.                Prior to 11:59 p.m. on May 31, 2006, PMSI was not engaged in any                material                mortgage loan servicing activity. Accordingly, Equity One is meeting                its                servicing obligations under the transactions covered by this report                entirely through its contractual subservicing arrangement with PMSI.                Notwithstanding Equity One’s subservicing arrangement with PMSI, Equity                One remains contractually liable for its servicing duties and obligations                as if it alone was acting as such servicer. |
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| 3.   | The                transactions covered by this report are the 2006 asset-backed securities                transactions listed on Appendix                A                attached hereto for which the Company acted as a servicer of residential                mortgage loans (the “Platform”). |
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| 4.   | The                Company used the criteria set forth in paragraph (d) of Item 1122                of                Regulation AB to assess its compliance with the applicable servicing                criteria required by the related transaction agreement as to any                transaction, except for the following criteria: 1122(d)(1)(iii) and                1122(d)(4)(xv) which the Company has determined are not applicable                to the                activities it performs with respect to the                Platform. |
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| 5.   | The                Company has complied, in all material respects, with the applicable                servicing criteria for the Reporting Period, except as described                below: |
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| 6.   | PricewaterhouseCoopers                LLP, an independent registered public accounting firm has issued                an                attestation report on the Company’s assessment of compliance with the                applicable servicing criteria for the Reporting                Period. |
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**Appendix      A**

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**Company's      Remediation Efforts**

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