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




JPMorgan
      Chase Bank, National Association (the "Asserting Party") is responsible for
      assessing compliance as of September 30, 2006 and for the period from January
      1,
      2006 through September 30, 2006 (the "Reporting Period"), with the servicing
      criteria set forth in Title 17, Section 229.1122 (d) of the Code of Federal
      Regulations (the "CFR"), to the extent required by the related transaction
      agreements excluding the criteria set forth in 17 CFR 229.1122(d) (1)(i)-(iv), (2)(i)-(vii), (3)(i)-(iv),
      and (4)(iii)-(xv), which the Asserting Party has concluded are not applicable
      to the activities it performs with respect to the asset-backed securitization
      transactions covered
      by this report (such criteria, after giving effect to the exclusions identified
      above, the "Applicable Servicing Criteria"). This report covers the asset-backed
      securities transactions backed by residential mortgages and home equity loans,
      for which transactions the Asserting Party acts as Custodian, that were
      registered with the Securities and Exchange Commission pursuant to the
      Securities Act of 1933, as amended, where the related asset-backed securities
      were issued during the Reporting Period (the "Platform"), as listed in Appendix
      A.




The
      Asserting Party has (i) used the criteria set forth in 17 CFR 229.1122(d) to
      assess the compliance by the Asserting Party with the Applicable Servicing
      Criteria for the Reporting Period
      and (ii) concluded that the Asserting Party has complied, in all material
      respects, with the Applicable
      Servicing Criteria as of September 30, 2006 and for the Reporting Period with
      respect to the Platform, taken as a whole.




PricewaterhouseCoopers
      LLP, an independent registered public accounting firm, has issued an attestation
      report for the Platform, on our assessment of compliance with the Applicable
      Servicing Criteria as of September 30, 2006 and for the Reporting Period as
      set
      forth in this report.




JPMorgan
      Chase Bank, National Association, as Custodian





/s/Kelly
      A.
      Mathieson


Kelly
      A.
      Mathieson, Managing Director


Date:
      March 1, 2007










**Appendix
      A**




GSAA
        Home
        Equity Trust 2006-1
 GSAA
        Home
        Equity Trust 2006-10
 GSAA
        Home
        Equity Trust 2006-11
 GSAA
        Home
        Equity Trust 2006-13
 GSAA
        Home
        Equity Trust 2006-14
 GSAA
        Home
        Equity Trust 2006-15
 GSAA
          Home
          Equity Trust 2006-16
 GSAA
            Home
            Equity Trust 2006-3
 GSAA
            Home
            Equity Trust 2006-4
 GSAA
            Home
            Equity Trust 2006-5
 GSAA
            Home
            Equity Trust 2006-6
 GSAA
              Home
              Equity Trust 2006-7
 GSAA
                Home
                Equity Trust 2006-8
 GSAA
                  Home
                  Equity Trust 2006-9
 GSR
                    Mortgage Loan Trust 2006-1F
 GSR
                      Mortgage Loan Trust 2006-2F
 GSR
                        Mortgage Loan Trust
                        2006-3F
 GSR
        Mortgage Loan Trust 2006-4F
 GSR
          Mortgage Loan Trust 2006-5F
 GSR
            Mortgage Loan Trust 2006-8F
 GSR
              Mortgage Loan Trust 2006-AR1
 GSR
                Mortgage Loan Trust 2006-AR2
 HomeBanc
                Mortgage Trust
                2006-1
 J.P.
        Morgan Mortgage Trust 2006-A1
 J.P.
        Morgan Mortgage Trust 2006-A2
 J.P.
        Morgan Mortgage Trust 2006-A3
 J.P.
        Morgan Mortgage Trust 2006-A4
 J.P.
        Morgan Mortgage Trust 2006-A5
 J.P.
        Morgan Mortgage Trust 2006-A6
 J.P.
        Morgan Mortgage Trust 2006-S1
 J.P.
        Morgan Mortgage Trust 2006-S2
 J.P.
        Morgan Mortgage Trust 2006-S3
 J.P.
        Morgan Alternative Loan Trust
        2006-A1
 J.P.
          Morgan Alternative Loan Trust
          2006-A2
 J.P.
            Morgan Alternative Loan Trust
            2006-A3
 J.P.
              Morgan Alternative Loan Trust 2006-A4
 J.P.
                Morgan Alternative Loan Trust 2006-A5
 J.P.
                  Morgan Alternative Loan Trust 2006-S1
 J.P.
                    Morgan Alternative Loan Trust
                    2006-S2
 Newcastle
          Mortgage Securities Trust 2006-1
 Popular
            ABS Mortgage Pass-Through Trust 2006-A
 Popular
            ABS Mortgage Pass-Through Trust 2006-B
 Popular
            ABS Mortgage Pass-Through Trust 2006-C
 Popular
            ABS Mortgage Pass-Through Trust 2006-D
 Soundview
            Home Loan Trust 2006-2
 Soundview
            Home Loan Trust 2006-3