EMC
        Mortgage Corporation (Purchaser)
 Mac
        Arthur Ridge Drive, Suite 200
 Irving,
        TX 75038
 Attention:
        Ms. Linda Hicks
 
 and
 
 Bear
        Stearns Asset Backed Securities I LLC (Depositor)
 383
        Madison Avenue
 New
        York,
        NY 10179
 
 and
 
 LaSalle
        Bank National Association (Master Servicer and Securities
        Administrator)
 135
        S.
        LaSalle St., Suite 1625
 Chicago,
        IL 60603
 Attention:
        Global Securities and Trust Services Group
 
 with
        a
        copy to:
 
 Bear
        Stearns Mortgage Capital Corporation
 383
        Madison Avenue
 New
        York,
        NY 10179
 Attention:
        Michelle Sterling
 
 Re:
              
              Statement
                of Compliance with the Purchase, Warranties and Servicing Agreement
                as of
                January 1, 2004, as amended by the Amended and Restated Amendment
                Number
                One to the Purchase, Warranties and Servicing Agreement as of January
                27,
                2006, (collectively, the "Agreement").
 
 We
        have
        conducted a review relating to the performance of HomeBanc Mortgage Corporation
        (the "Company") under the terms of the Agreement related to the servicing
        of the
        Mortgage Loans by the Company during 2006. To the best of my knowledge, based
        on
        such review, which was conducted under my supervision, the Company has fulfilled
        its obligations under the Agreement in all material respects throughout 2006
        except as noted below:




A.
            Bank
                reconciliations were completed within 45 days of the bank statement
                cutoff
                date,
                the Freddie Mac standard, and not within 30 days as required by Item1122(d)(2)(vii)
                (see Appendix A). 
 B.
            Collection
                activities related to delinquent mortgage loans were not fully documented
                in the servicing system of record (see Appendix
                A). 
  Date:
              1
                March 2007By:
              /s/
                Debra F. WatkinsName:
              Debra
                F. WatkinsTitle:
              Execute
                Vice President and ChiefCapital
                Markets Officer
  
 
  **Appendix
          A**
 
 **Bank
          Reconciliations:**
 
 Bank
          reconciliations were completed within 45 days of bank statement cutoff
          date,
          consistent with Freddie Mac servicing standards. Bank reconciliation procedures
          have been modified; and reconciliations related to the Platform are now
          completed within 30 days of the bank statement cutoff date.
 
 **Collection
          Activities:**
 
 Collection
          activities related to delinquent mortgage loan were consistent with industry
          standards; however, such activities were not fully documented in the servicing
          system of record. These issues are primarily related to lack of notations
          to the
          servicing system of record for certain collection activities such as late
          payment notices and collection calls. Technology and process enhancements
          are
          expected to be implemented in the second quarter of 2007 that will correct
          these
          documentation deficiencies.