Barclays Bank PLC
                                                         5 The North Colonnade
                                                         Canary Wharf
                                                         London E14 4BB

                                                         Tel +44 (0)20 7623 2323

To:         Wells Fargo Home Equity Asset-Backed Securities 2006-3 Trust (the
            "Trust" or the "Counterparty")
            Wells Fargo Bank, National Association,
            not individually, but solely as Securities Administrator
            9062 Old Annapolis Road
            Columbia, Maryland 21045
            Attention: Client Manager - WFHET 2006-3

From:       BARCLAYS BANK PLC (LONDON HEAD OFFICE) ("Barclays")

Date:       December 21, 2006

Reference:  1493290B (the Class A-1, Class A-2, Class A-3, Class M-1,
            Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class B-1,
            Class B-2, Class B-3 and Class B-4 Certificates)

                         Interest Rate Cap Confirmation
                         ------------------------------

The purpose of this facsimile (this "Confirmation") is to confirm the terms and
conditions of the Transaction entered into between us on the Trade Date
specified below (the "Transaction").

The definitions and provisions contained in the 2000 ISDA Definitions (the "2000
Definitions"), as published by the International Swaps and Derivatives
Association, Inc. ("ISDA") are incorporated into this Confirmation. In the event
of any inconsistency between the 2000 Definitions and this Confirmation, this
Confirmation will govern for the purposes of the Transaction. References herein
to a "Transaction" shall be deemed to be references to a "Swap Transaction" for
the purposes of the 2000 Definitions. Capitalized terms used in this
Confirmation and not defined in this Confirmation, the ISDA Form or the 2000
Definitions shall have the respective meanings assigned in the Pooling and
Servicing Agreement, dated and effective as of December 21, 2006, among Wells
Fargo Asset Securities Corporation, as Depositor, HSBC Bank USA, National
Association, as Trustee, and Wells Fargo Bank, National Association, in its
capacity as Servicer and as Securities Administrator (the "Pooling and Servicing
Agreement"). Each party hereto agrees to make payment to the other party hereto
in accordance with the provisions of this Confirmation and of the Agreement. In
this Confirmation, "Party A" means Barclays and "Party B" means the
Counterparty.

This Confirmation supersedes any previous Confirmation or other communication
with respect to the Transaction and evidences a complete and binding agreement
between you and us as to the terms of the Swap Transaction to which this
Confirmation relates. This Confirmation, together with the form of the 1992 ISDA
Master Agreement (Multicurrency -- Cross Border) (the "ISDA Form"), shall
supplement, form part of, and be subject to, an agreement in the form of the
ISDA Form as if we had executed an agreement in such form (but without any
Schedule except for the election of the laws of the State of New York (without
reference to choice of law doctrine except Section 5-1401 and Section 5-1402 of
the New York General Obligation Law) as governing law, the election of Market
Quotation and Second Method for purposes of Section 6(e) of the ISDA Form, U.S.
Dollars as the Termination Currency and the additional material set forth in
this Confirmation) on the Trade Date.

The terms of the particular Transaction to which this Confirmation relates are
as follows:

--------------------------------------------------------------------------------
                                   TRADE DETAILS
--------------------------------------------------------------------------------
Party A:                           Barclays
--------------------------------------------------------------------------------
Party B:                           Counterparty
--------------------------------------------------------------------------------
Notional Amount:                   An amount equal to the lesser of:
--------------------------------------------------------------------------------
                                    (x) the applicable Cap Notional Amount
                                       (amortizing in accordance with the Cap
                                       Notional Amount Amortization Schedule
                                       attached in Annex I) and

                                    (y) the excess, if any of:

                                       (A)  the aggregate Class Certificate
                                            Balance of the LIBOR Certificates as
                                            of the first day of the Calculation
                                            Period over

                                       (B)  the applicable Swap Notional Amount
                                            (amortizing in accordance with the
                                            Swap Notional Amount Amortization
                                            Schedule attached in Annex II).
--------------------------------------------------------------------------------
Trade Date:                        December 21, 2006
--------------------------------------------------------------------------------
Effective Date:                    December 21, 2006
--------------------------------------------------------------------------------
Termination Date:                  December 25, 2010; subject to
                                   adjustment in accordance with the
                                   Modified Following Business Day
                                   Convention
--------------------------------------------------------------------------------
Fixed Amounts:
--------------------------------------------------------------------------------
Fixed Rate Payer:                  Counterparty

Fixed Rate Payer Payment Date(s):  December 21, 2006

Fixed Amount:                      USD [_____]
--------------------------------------------------------------------------------
Floating Amounts:
--------------------------------------------------------------------------------
Floating Rate Payer:               Barclays

Cap Rate:                          5.35%

Floating Rate Payer Period End     The 25th calendar day of each month
Date(s):                           during the Term of this Transaction,
                                   commencing January 25, 2007, subject to
                                   adjustment in accordance with the Modified
                                   Following Business Day Convention.

Floating Rate Payer Payment        Early Payment shall be applicable.
Date(s):                           For each Calculation Period, the
                                   Floating Rate Payer Payment Date shall be the
                                   first Business Day prior to the related
                                   Floating Rate Payer Period End Date.

Floating Rate Option:              USD-LIBOR-BBA

Floating Rate Day Count Fraction:  Actual / 360

Designated Maturity:               1 Month

Reset Dates:                       The first day in each Calculation
                                   Period

Compounding:                       Inapplicable
--------------------------------------------------------------------------------
Business Days:                     New York
--------------------------------------------------------------------------------
Calculation Agent:                 Party A
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Governing Law:                     The Transaction and this
                                   Confirmation will be governed by and
                                   construed in accordance with the
                                   laws of the State of New York
                                   (without reference to choice of law
                                   doctrine except Section 5-1401 and
                                   Section 5-1402 of the New York
                                   General Obligation Law)
--------------------------------------------------------------------------------
                                   ACCOUNT DETAILS
--------------------------------------------------------------------------------
Payments to Barclays:              Correspondent: BARCLAYS BANK PLC NEW
                                   YORK
                                   FFED: 026002574
                                   Beneficiary: BARCLAYS SWAPS
                                   Beneficiary Account: 050-01922-8
--------------------------------------------------------------------------------
Payments to the Counterparty:      Wells Fargo Bank, National
                                   Association
                                   ABA #: 121000248
                                   Acct #: 3970771416
                                   Acct. Name: SAS Clearing
                                   Ref: For Further Credit 50975901,
                                   WFHET 2006-3 Supplemental Interest
                                   Trust Account
--------------------------------------------------------------------------------
                                   OFFICES
--------------------------------------------------------------------------------
Barclays:                          Address for Notices:
                                   5 THE NORTH COLONNADE
                                   CANARY WHARF
                                   E14 4BB
                                   Tel: 44(20) 77736461
                                   Fax: 44(20) 77736810
--------------------------------------------------------------------------------
Counterparty:                      Address for Notices:
                                   Wells Fargo Bank, National
                                   Association
                                   9062 Old Annapolis Road
                                   Columbia, Maryland 21045
                                   Attention: Client Manager -WFHET
                                   2006-3
                                   Tel: (410) 884-2000
                                   Fax: (410) 715-2380
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

Miscellaneous Provisions with respect to the ISDA Form

1) The parties agree that subparagraph (ii) of Section 2(c) of the ISDA Form
will apply to any Transaction.

2) Termination Provisions. For purposes of the Agreement:

(a) "Specified Entity" means in relation to Party A for the purpose of the
Agreement:

      Section 5(a)(v): None;
      Section 5(a)(vi): None;
      Section 5(a)(vii): None;
      Section 5(b)(iv): None;

      and in relation to Party B for the purpose of this Agreement:

      Section 5(a)(v): None;
      Section 5(a)(vi): None;
      Section 5(a)(vii): None;
      Section 5(b)(iv): None.

(b) "Specified Transaction" shall have the meaning specified in Section 14 of
the Agreement.

(c) The "Breach of Agreement" provisions of Section 5(a)(ii) of the Agreement
will be inapplicable to Party A and Party B.

(d) The "Credit Support Default" provisions of Section 5(a)(iii) of the
Agreement will be inapplicable to Party A and Party B.

(e) The "Misrepresentation" provisions of Section 5(a)(iv) of the Agreement will
be inapplicable to Party A and Party B.

(f) The "Default Under Specified Transaction" provisions of Section 5(a)(v) of
the Agreement will be inapplicable to Party A and Party B.

(g) The "Cross Default" provisions of Section 5(a)(vi) of the Agreement will be
inapplicable to Party A and Party B.

(h) The "Credit Event Upon Merger" provisions of Section 5(b)(iv) of the
Agreement will be inapplicable to Party A and Party B.

(i) The "Bankruptcy" provisions of Section 5(a)(vii)(2) of the Agreement are
hereby amended as follows: "(2) becomes insolvent or is unable to pay its debts
(other than payments due to holders of its subordinate certificates) or fails or
admits in writing its inability generally to pay its debts (other than payments
to holders of its subordinate certificates) as they become due;".

(j) The "Automatic Early Termination" provision of Section 6(a) of the Agreement
will be inapplicable to Party A and Party B; provided that where there is an
Event of Default under Section 5(a)(vii)(1), (3), (4), (5), (6) or, to the
extent analogous thereto, (8), and the Defaulting Party is governed by a system
of law that does not permit termination to take place after the occurrence of
such Event of Default, then the Automatic Early Termination provisions of
Section 6(a) will apply; provided, however, that this proviso shall only apply
with respect to an Event of Default specified in Section 5(a)(vii)(4) or, to the
extent analogous thereto, Section 5(a)(vii)(8), if the proceeding is instituted
by, or the relevant petition is presented to a court or other authority in the
jurisdiction where the Defaulting Party is incorporated.

If an Early Termination Date has occurred under Section 6(a) of the Agreement as
a result of Automatic Early Termination, and if the Non-defaulting Party
determines that it has either sustained or incurred a loss or damage or
benefited from a gain in respect of any Transaction, as a result of movement in
interest rates, currency exchange rates, other relevant rates or market
quotations between the Early Termination Date and the date upon which the
Non-defaulting Party first becomes aware that such Event of Default has occurred
under Section 6(a) of the Agreement, then without any duplication (i) the amount
of such loss or damage shall be added to the amount due by the Defaulting Party
or deducted from the amount due by the Non-defaulting Party, as the case may be
(in both cases pursuant to Section 6(e)(i)(3) of the Agreement); or (ii) the
amount of such gain shall be deducted from the amount due by the Defaulting
Party or added to the amount due by the Non-defaulting Party, as the case may be
(in both cases pursuant to Section 6(e)(i)(3) of the Agreement).

(k) Payments on Early Termination. For the purpose of Section 6(e) of the
Agreement:

      (i)   Market Quotation will apply.

      (ii)  The Second Method will apply.

(l) "Termination Currency" means United States Dollars.

3) Tax Representations.

      Payer Tax Representations. For the purpose of Section 3(e), each of
      Barclays and the Counterparty makes the following representation:

            It is not required by any applicable law, as modified by the
            practice of any relevant governmental revenue authority, of any
            Relevant Jurisdiction to make any deduction or withholding for or on
            account of any Tax from any payment (other than interest under
            Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be made by it
            to the other party under this Agreement. In making this
            representation, it may rely on: (i) the accuracy of any
            representation made by the other party pursuant to Section 3(f) of
            this Agreement; (ii) the satisfaction of the agreement of the other
            party contained in Section 4(a)(i) or 4(a)(iii) of this Agreement
            and the accuracy and effectiveness of any document provided by the
            other party pursuant to Section 4(a)(i) or 4(a)(iii) of this
            Agreement; and (iii) the satisfaction of the agreement of the other
            party contained in Section 4(d) of this Agreement, provided that it
            shall not be a breach of this representation where reliance is
            placed on clause (ii) and the other party does not deliver a form or
            document under Section 4(a)(iii) by reason of material prejudice to
            its legal or commercial position.

      Barclays Payee Tax Representations. For the purpose of Section 3(f),
      Barclays makes the following representations:

            With respect to payments made to Barclays which are not effectively
            connected to the U.S.: It is a non-U.S. branch of a foreign person
            for U.S. federal income tax purposes.

            With respect to payments made to Barclays which are effectively
            connected to the U.S.: Each payment received or to be received by it
            in connection with this Agreement will be effectively connected with
            its conduct of a trade or business in the U.S.

      Counterparty Payee Tax Representations. For the purpose of Section 3(f),
      Counterparty makes the following representation:

            Counterparty represents that it is a trust formed under the Pooling
            and Servicing Agreement and is a "United States person" as such term
            is defined in Section 7701(a)(30) of the Internal Revenue Code of
            1986, as amended.

4) Documents to be Delivered. For the purpose of Section 4(a):

(1) Tax forms, documents, or certificates to be delivered are:

Party required to    Form/Document/            Date by which to be
deliver document      Certificate                 delivered
----------------    ---------------------      ----------------------

Barclays            Any document required      Promptly after the
                    or reasonably              earlier of
                    requested to allow         (i) reasonable
                    Party B to make            demand by Party B or
                    payments under this        (ii) learning that
                    Agreement without any      such form or
                    deduction or               document is required.
                    withholding for or on
                    the account of any
                    Tax or with such
                    deduction or
                    withholding at a
                    reduced rate.

Counterparty        (i) A correct,             In each case (a)
                    complete and duly          upon entering into
                    executed IRS Form W-9      this Agreement,
                    (or any successor          provided however,
                    thereto) of the Trust      with respect to (i),
                    that eliminates U.S.       Party B shall apply
                    federal withholding        for the employer
                    and backup                 identification
                    withholding tax on         number of the Trust
                    payments under this        promptly upon
                    Agreement, (ii) if         entering into this
                    requested by Party A,      Agreement and
                    a correct, complete        deliver the related
                    and executed Form          correct, complete
                    W-8IMY of the Trust,       and duly executed
                    and (iii) a complete       IRS Form W-9
                    and executed IRS Form      promptly upon
                    W-9, W-8BEN, W-8ECI,       receipt, and in any
                    or W-8IMY (with            event, no later than
                    attachments) (as           the first Payment
                    appropriate) from          Date of this
                    each                       Transaction;  (b) in
                    Certificateholder          the case of a
                    that is not an             W-8ECI, W-8IMY, and
                    "exempt recipient" as      W-8BEN that does not
                    that term is defined       include a U.S.
                    in Treasury                taxpayer
                    regulations section        identification
                    1.6049-4(c)(1)(ii),        number in line 6,
                    that eliminates U.S.       before December 31
                    federal withholding        of each third
                    and backup                 succeeding calendar
                    withholding tax on         year, (c) promptly
                    payments under this        upon reasonable
                    Agreement.                 demand by Party A,
                                               and (d) promptly upon learning
                                               that any such Form previously
                                               provided by Party B has become
                                               obsolete or incorrect.

(2) Other documents to be delivered are:

Party required                                            Covered by
  to deliver       Form/Document/      Date by which        Section 3(d)
   document         Certificate       to be delivered      Representation
------------        -----------       ---------------      --------------

Counterparty       An opinion of       Effective Date      No
                   Counterparty's
                   counsel
                   addressed to
                   Barclays in
                   form and
                   substance
                   reasonably
                   acceptable to
                   Barclays.

Barclays           An opinion of       Effective Date      No
                   Securities
                   Administrator's
                   counsel
                   addressed to
                   Counterparty in
                   form and
                   substance
                   reasonably
                   acceptable to
                   Counterparty.

Barclays and the   A certificate       Effective Date      Yes
Counterparty       of an
                   authorized
                   officer of the
                   party (except
                   with respect to
                   Party B, from
                   the Securities
                   Administrator),
                   as to the
                   incumbency and
                   authority of
                   the respective
                   officers of the
                   party signing
                   this Agreement,
                   any relevant
                   Credit Support
                   Document, or
                   any
                   Confirmation,
                   as the case may
                   be.

Counterparty       The Pooling and     Within 30 days      Yes
                   Servicing           of December 21,
                   Agreement           2006.

5) Miscellaneous.

(a) Address for Notices: For the purposes of Section 12(a) of this Agreement:

      Address for notices or communications to Barclays:

            Address:    5 THE NORTH COLONNADE
                        CANARY WHARF
                        E14 4BB

            Facsimile:  44(20) 77736461

            Telephone:  44(20) 77736810

            (For all purposes)

      Address for notices or communications to the Counterparty:

            Address:    Wells Fargo Bank, National Association
                        9062 Old Annapolis Road
                        Columbia, Maryland  21045
                        Attention: Client Manager - WFHET 2006-3

            Telephone:  (410) 884-2000

            Facsimile:  (410) 715-2380

(b) Process Agent. For the purpose of Section 13(c):

            Barclays appoints as
            its Process Agent:            Not Applicable

            The Counterparty appoints
            as its Process Agent:         Not Applicable

(c) Offices. The provisions of Section 10(a) will not apply to this Agreement.

(d) Multibranch Party. For the purpose of Section 10(c) of this Agreement:

      Barclays is not a Multibranch Party.

      Counterparty is not a Multibranch Party.

(e) Calculation Agent. The Calculation Agent is Barclays.

(f) Credit Support Document. Not applicable.

(g) Credit Support Provider.

      Barclays: Not Applicable

      Counterparty: Not Applicable

(h) Governing Law. This Agreement shall be governed by, and construed in
accordance with the laws of the State of New York (without reference to choice
of law doctrine except Section 5-1401 and Section 5-1402 of the New York General
Obligation Law).

(i) Consent to Recording. Each party hereto consents to the monitoring or
recording, at any time and from time to time, by the other party of any and all
communications between officers or employees of the parties, waives any further
notice of such monitoring or recording, and agrees to notify its officers and
employees of such monitoring or recording.

(j) Waiver of Jury Trial. To the extent permitted by applicable law, each party
irrevocably waives any and all right to trial by jury in any legal proceeding in
connection with this Agreement, any Credit Support Document to which it is a
Party, or any Transaction. Each party also acknowledges that this waiver is a
material inducement to the other party's entering into this Agreement.

(k) "Affiliate" will have the meaning specified in Section 14 of the ISDA Form
Master Agreement.

6) Additional Representations:

Subject to Section 7(b) of this Confirmation, each party represents to the other
party that (absent a written agreement between the parties that expressly
imposes affirmative obligations to the contrary):

(a) Non-Reliance. Barclays is acting for its own account and Wells Fargo Bank,
National Association is acting as Securities Administrator for the Trust under
the Pooling and Servicing Agreement and not for its own account. Each party has
made its own independent decisions to enter into the Transaction and as to
whether the Transaction is appropriate or proper based upon its own judgment and
upon advice from such advisers as it has deemed necessary. It is not relying on
any communication (written or oral) of the other party as investment advice or
as a recommendation to enter into the Transaction; it being understood that
information and explanations related to the terms and conditions of the
Transaction shall not be considered investment advice or a recommendation to
enter into the Transaction. No communication (written or oral) received from the
other party shall be deemed to be an assurance or guarantee as to the expected
results of the Transaction.

(b) Assessment and Understanding. It is capable of assessing the merits of and
understanding (on its own behalf or through independent professional advice),
and understands and accepts, the terms, conditions and risks of the Transaction.
It is also capable of assuming, and assumes, the risks of the Transaction.

(c) Status of Parties. The other party is not acting as an agent, fiduciary for
or an adviser to it in respect of the Transaction.

(d) Purpose. It is entering into the Transaction for the purposes of hedging its
assets or liabilities or in connection with a line of business.

(e) Eligible Contract Participant Representation. It is an "eligible contract
participant" within the meaning of Section 1(a)(12) of the Commodity Exchange
Act, as amended, including as amended by the Commodity Futures Modernization Act
of 2000.

7) Other Provisions:

(a) Fully-Paid Party Protected. Notwithstanding the terms of Sections 5 and 6 of
the Agreement, if Party B has satisfied in full all its payment obligations
under Section 2(a)(i) of the Agreement, then unless Party A is required pursuant
to appropriate proceedings to return to Party B or otherwise returns to Party B
upon demand of Party B any portion of such payment, (a) the occurrence of an
event described in Section 5(a) of the Agreement with respect to Party B shall
not constitute an Event of Default or Potential Event of Default with respect to
Party B as the Defaulting Party and (b) Party A shall be entitled to designate
an Early Termination Event pursuant to Section 6 of the Agreement only as a
result of a Termination Event set forth in either Section 5(b)(i) or Section
5(b)(ii) of the Agreement with respect to Party A as the Affected Party or
Section 5(b)(iii) of the Agreement with respect to Party A as the Burdened
Party. For purposes of the Transaction to which this Confirmation relates, Party
B's only obligation under Section 2(a)(i) of the Agreement is to pay the Fixed
Amount on the Fixed Rate Payer Payment Date.

(b) Securities Administrator Capacity. It is expressly understood and agreed by
the parties hereto that (i) this Confirmation is executed and delivered by Wells
Fargo Bank, National Association, not individually or personally but solely as
Securities Administrator of the Trust under the Pooling and Servicing Agreement
pursuant to which the Trust was formed, in the exercise of the powers and
authority conferred upon and vested in it, and pursuant to instructions set
forth therein, (ii) each of the representations, undertakings and agreements by
Wells Fargo Bank, National Association is made and intended not as a personal
representation, undertaking or agreement of Wells Fargo Bank, National
Association, but solely for the purpose of binding only the Trust, (iii) nothing
herein contained shall be construed as imposing any liability upon Wells Fargo
Bank, National Association, individually or personally, to perform any covenant
(either express or implied) contained herein, and all such liability, if any, is
hereby expressly waived by the parties hereto, and such waiver shall bind any
third party making a claim by or through one of the parties hereto, and (iv)
under no circumstances shall Wells Fargo Bank, National Association be
personally liable for the payment of any indebtedness or expenses of the Trust,
or be liable for the breach or failure of any obligation, representation,
warranty or covenant made or undertaken by the Trust under this Confirmation,
the Agreement or any related document.

(c) Proceedings. Party A shall not institute against or cause any other person
to institute against, or join any other person in instituting against, Party B,
any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceedings, or other proceedings under any federal or state bankruptcy,
dissolution or similar law, for a period of one year and one day (or, if longer,
the applicable preference period) following indefeasible payment in full of the
Certificates, provided that nothing herein will preclude, or be deemed to estop,
Party A from taking any action in any case or proceeding voluntarily filed or
commenced by or on behalf of Party B or in any involuntary case or proceeding
pertaining to Party B after it has been commenced.

(d) Set-Off. Notwithstanding any provision of this Agreement or any other
existing or future agreement, each party irrevocably waives any and all rights
it may have to set off, net, recoup or otherwise withhold or suspend or
condition payment or performance of any obligation between it and the other
party hereunder against any obligation between it and the other party under any
other agreements. The provisions for Set-off set forth in Section 6(e) of the
Agreement shall not apply for purposes of this Transaction, provided that
nothing herein shall be construed to waive or otherwise limit the netting
provisions contained in Section 2(c) or 6(e) of this Agreement.

(e) Severability. If any term, provision, covenant, or condition of this
Agreement, or the application thereof to any party or circumstance, shall be
held to be invalid or unenforceable (in whole or in part) for any reason, the
remaining terms, provisions, covenants, and conditions hereof shall continue in
full force and effect as if this Agreement had been executed with the invalid or
unenforceable portion eliminated, so long as this Agreement as so modified
continues to express, without material change, the original intentions of the
parties as to the subject matter of this Agreement and the deletion of such
portion of this Agreement will not substantially impair the respective benefits
or expectations of the parties.

The parties shall endeavor to engage in good faith negotiations to replace any
invalid or unenforceable term, provision, covenant or condition with a valid or
enforceable term, provision, covenant or condition, the economic effect of which
comes as close as possible to that of the invalid or unenforceable term,
provision, covenant or condition.

(f)   Additional Termination Events.

      (i) The following Additional Termination Event will apply, with respect to
      Party B as the sole Affected Party:

      Upon the irrevocable direction to dissolve or otherwise terminate the
      Trust following which all assets of the Trust will be required to be
      liquidated and the proceeds of such liquidation will be required to be
      distributed to the Certificateholders.

      (ii) The following Additional Termination Events will apply, in each case
      with respect to Party A as the sole Affected Party:

            (A) If (1) the Depositor still has a reporting obligation with
      respect to this Transaction pursuant to Regulation AB (as defined below)
      and (2) Party A has not, within 30 days after receipt of a 10% Disclosure
      Request complied with the provisions set forth in clauses (ii) and (iii)
      of Paragraph 7(g) below (provided that if the significance percentage is
      10% or more and less than 20% when the 10% Disclosure Request (as defined
      below) is made or reaches 10% after a 10% Disclosure Request has been made
      to Party A, Party A must comply with the provisions set forth in clauses
      (ii) and (iii) of Paragraph 7(g) below within 3 calendar days of Party A
      being informed of the significance percentage reaching 10% or more), then
      an Additional Termination Event shall have occurred with respect to Party
      A and Party A shall be the sole Affected Party with respect to such
      Additional Termination Event.

            (B) If (1) the Depositor still has a reporting obligation with
      respect to this Transaction pursuant to Regulation AB and (2) Party A has
      not, within 30 days after receipt of a 20% Disclosure Request (as defined
      below) complied with the provisions set forth in clauses (iv) and (v) of
      Paragraph 7(g) below (provided that if the significance percentage is 20%
      or more when the 20% Disclosure Request is made or reaches 20% after a 20%
      Disclosure Request has been made to Party A, Party A must comply with the
      provisions set forth in clauses (iv) and (v) of Paragraph 7(g) below
      within 3 calendar days of Party A being informed of the significance
      percentage reaching 20% or more), then an Additional Termination Event
      shall have occurred with respect to Party A and Party A shall be the sole
      Affected Party with respect to such Additional Termination Event.

(g) Compliance with Regulation AB

      (i) Party A acknowledges that for so long as there are reporting
      obligations with respect to this Transaction under Regulation AB, the
      Depositor, acting on behalf of the Issuing Entity, is required under
      Regulation AB under the Securities Act of 1933, as amended, and the
      Securities Exchange Act of 1934, as amended ("Regulation AB"), to disclose
      certain information set forth in Regulation AB regarding Party A or its
      group of affiliated entities, if applicable, depending on the aggregate
      "significance percentage" of this Agreement and any other derivative
      contracts between Party A or its group of affiliated entities, if
      applicable, and Party B, as calculated from time to time in accordance
      with Item 1115 of Regulation AB.

      (ii) If the Depositor determines, reasonably and in good faith, that the
      significance percentage of this Agreement (and any other derivative
      contracts between Party A or its group of affiliated entities, if
      applicable, and Party B) has increased to eight (8) percent or more but
      less than eighteen (18) percent, then the Depositor may request on the
      date of such determination (or, if such date of determination is not a
      Business Day, the immediately following Business Day) from Party A the
      same information set forth in Item 1115(b)(1) of Regulation AB that would
      have been required if the significance percentage had in fact increased to
      ten (10) percent, along with any necessary auditors' consent (such
      request, a "10% Disclosure Request" and such requested information,
      subject to the last sentence of this paragraph, is the "10% Financial
      Disclosure"). Party B or the Depositor shall provide Party A with the
      calculations and any other information reasonably requested by Party A
      with respect to the Depositor's determination that led to the 10%
      Disclosure Request. The parties hereto further agree that the 10%
      Financial Disclosure provided to meet the 10% Disclosure Request may be,
      solely at Party A's option, either the information set forth in Item
      1115(b)(1) or Item 1115(b)(2) of Regulation AB.

      (iii) Upon the occurrence of a 10% Disclosure Request, Party A, at its own
      expense, shall (i) provide the Depositor with the 10% Financial
      Disclosure, (ii) subject to Rating Agency Confirmation, secure another
      entity to replace Party A as party to this Agreement on terms
      substantially similar to this Agreement which entity is able to (A)
      provide the 10% Financial Disclosure and (B) provide an indemnity to the
      Depositor, reasonably satisfactory to the Depositor, in relation to the
      10% Financial Disclosure or (iii) subject to Rating Agency Confirmation,
      obtain a guaranty of Party A's obligations under this Agreement from an
      affiliate of Party A that is able to (A) provide the 10% Financial
      Disclosure, such that disclosure provided in respect of the affiliate
      will, in the judgment of counsel to the Depositor, satisfy any disclosure
      requirements applicable to Party A, and cause such affiliate to provide
      10% Financial Disclosure and (B) provide an indemnity to the Depositor,
      reasonably satisfactory to the Depositor, in relation to the 10% Financial
      Disclosure. Any such 10% Financial Disclosure provided pursuant to this
      paragraph (iii) shall be in a form suitable for conversion to the format
      required for filing by the Depositor with the Securities and Exchange
      Commission via the Electronic Data Gathering and Retrieval System (EDGAR).
      If permitted by Regulation AB, any required 10% Financial Disclosure may
      be provided by incorporation by reference from reports filed pursuant to
      the Securities Exchange Act.

      (iv) If the Depositor determines, reasonably and in good faith, that the
      significance percentage of this Agreement (and any other derivative
      contracts between Party A or its group of affiliated entities, if
      applicable, and Party B) has increased to eighteen (18) percent or more,
      then the Depositor may request on the date of such determination (or, if
      such date of determination is not a Business Day, the immediately
      following Business Day) from Party A the same information set forth in
      Item 1115(b)(2) of Regulation AB that would have been required if the
      significance percentage had in fact increased to twenty (20) percent,
      along with any necessary auditors consent (such request, a "20% Disclosure
      Request" and such requested information is the "20% Financial
      Disclosure"). Party B or the Depositor shall provide Party A with the
      calculations and any other information reasonably requested by Party A
      with respect to the Depositor's determination that led to the 20%
      Disclosure Request.

      (v) Upon the occurrence of a 20% Disclosure Request, Party A, at its own
      expense, shall (i) provide the Depositor with the 20% Financial
      Disclosure, (ii) subject to Rating Agency Confirmation, secure another
      entity to replace Party A as party to this Agreement on terms
      substantially similar to this Agreement which entity is able to (A)
      provide the 20% Financial Disclosure and (B) provide an indemnity to the
      Depositor, reasonably satisfactory to the Depositor, in relation to the
      20% Financial Disclosure or (iii) subject to Rating Agency Confirmation,
      obtain a guaranty of Party A's obligations under this Agreement from an
      affiliate of Party A that is able to (A) provide the 20% Financial
      Disclosure, such that disclosure provided in respect of the affiliate
      will, in the judgment of counsel to the Depositor, satisfy any disclosure
      requirements applicable to Party A, and cause such affiliate to provide
      20% Financial Disclosure and (B) provide an indemnity to the Depositor,
      reasonably satisfactory to the Depositor, in relation to the 20% Financial
      Disclosure. Any such 20% Financial Disclosure provided pursuant to this
      paragraph (v) shall be in a form suitable for conversion to the format
      required for filing by the Depositor with the Securities and Exchange
      Commission via the Electronic Data Gathering and Retrieval System (EDGAR).
      If permitted by Regulation AB, any required 20% Financial Disclosure may
      be provided by incorporation by reference from reports filed pursuant to
      the Securities Exchange Act.

NEITHER BARCLAYS BANK PLC NOR ANY SUBSIDIARY OR AFFILIATE OF BARCLAYS BANK PLC
IS A CREDIT SUPPORT PROVIDER ON THIS AGREEMENT.

<PAGE>

The time of dealing will be confirmed by Barclays upon written request. Barclays
is regulated by the Financial Services Authority. Barclays is acting for its own
account in respect of this Transaction.

Please confirm that the foregoing correctly sets forth all the terms and
conditions of our agreement with respect to the Transaction by responding within
three (3) Business Days by promptly signing in the space provided below and both
(i) faxing the signed copy to Incoming Transaction Documentation, Barclays
Capital Global OTC Transaction Documentation & Management, Global Operations,
Fax +(44) 20-7773-6810/6857, Tel +(44) 20-7773-6901/6904/6965, and (ii) mailing
the signed copy to Barclays Bank PLC, 5 The North Colonnade, Canary Wharf,
London E14 4BB Attention of Incoming Transaction Documentation, Barclays Capital
Global OTC Transaction Documentation & Management, Global Operations. Your
failure to respond within such period shall not affect the validity or
enforceability of the Transaction as against you. This facsimile shall be the
only documentation in respect of the Transaction and accordingly no hard copy
versions of this Confirmation for this Transaction shall be provided unless the
Counterparty requests.

For and on behalf of                     For and on behalf of
BARCLAYS BANK PLC                        Wells Fargo Home Equity Asset-Backed
                                         Securities 2006-3 Trust
                                         By: Wells Fargo Bank, National
                                             Association, not individually, but
                                             solely as Securities Administrator

/s/ Shain Kalmanowitz                    /s/ Carla S. Walker
-----------------------                  -------------------
NAME  Shain Kalmanowitz                  NAME   Carla S. Walker
Authorised Signatory                     Authorised Signatory
Date: December 21, 2006                  Date: December 21, 2006

Barclays Bank PLC and its affiliates, including Barclays Capital Inc., may share
with each other information, including non-public credit information, concerning
its clients and prospective clients. If you do not want such information to be
shared, you must write to the Director of Compliance, Barclays Bank PLC, 200
Park Ave, New York, New York 10166.

<PAGE>

                                   Annex I

                  Cap Notional Amount Amortization Schedule

                                      Cap
          Period      Period        Notional
           Start        End          Amount
Period     Date        Date         (in USD)
------   ---------   ---------   --------------
1        21-Dec-06   25-Jan-07             0.00
2        25-Jan-07   25-Feb-07     7,393,312.02
3        25-Feb-07   25-Mar-07    14,967,649.13
4        25-Mar-07   25-Apr-07    22,682,156.00
5        25-Apr-07   25-May-07    30,494,471.34
6        25-May-07   25-Jun-07    38,361,011.59
7        25-Jun-07   25-Jul-07    46,237,214.52
8        25-Jul-07   25-Aug-07    54,077,982.14
9        25-Aug-07   25-Sep-07    61,837,938.54
10       25-Sep-07   25-Oct-07    69,471,583.31
11       25-Oct-07   25-Nov-07    76,933,996.19
12       25-Nov-07   25-Dec-07    84,180,583.65
13       25-Dec-07   25-Jan-08    91,168,046.21
14       25-Jan-08   25-Feb-08    97,851,513.16
15       25-Feb-08   25-Mar-08   104,119,377.26
16       25-Mar-08   25-Apr-08   109,940,427.83
17       25-Apr-08   25-May-08   115,298,009.96
18       25-May-08   25-Jun-08   120,177,294.77
19       25-Jun-08   25-Jul-08   124,566,079.96
20       25-Jul-08   25-Aug-08   128,254,895.41
21       25-Aug-08   25-Sep-08   131,270,132.24
22       25-Sep-08   25-Oct-08   133,661,691.07
23       25-Oct-08   25-Nov-08   132,949,788.23
24       25-Nov-08   25-Dec-08   118,754,209.48
25       25-Dec-08   25-Jan-09   103,767,862.93
26       25-Jan-09   25-Feb-09    91,477,068.12
27       25-Feb-09   25-Mar-09    80,842,911.28
28       25-Mar-09   25-Apr-09    72,006,062.63
29       25-Apr-09   25-May-09    81,367,380.72
30       25-May-09   25-Jun-09    97,517,904.51
31       25-Jun-09   25-Jul-09   110,973,057.17
32       25-Jul-09   25-Aug-09   121,303,070.83
33       25-Aug-09   25-Sep-09   121,462,078.94
34       25-Sep-09   25-Oct-09   114,815,909.30
35       25-Oct-09   25-Nov-09   126,594,078.28
36       25-Nov-09   25-Dec-09   122,715,314.35
37       25-Dec-09   25-Jan-10   118,800,113.78
38       25-Jan-10   25-Feb-10   115,124,359.74
39       25-Feb-10   25-Mar-10   111,174,646.11
40       25-Mar-10   25-Apr-10   107,184,050.86
41       25-Apr-10   25-May-10   103,336,100.41
42       25-May-10   25-Jun-10    99,710,047.77
43       25-Jun-10   25-Jul-10    96,334,797.13
44       25-Jul-10   25-Aug-10    93,215,282.82
45       25-Aug-10   25-Sep-10    90,344,315.70
46       25-Sep-10   25-Oct-10    87,708,211.67
47       25-Oct-10   25-Nov-10    85,154,540.58
48       25-Nov-10   25-Dec-10    82,660,019.57

<PAGE>

                                   Annex II

                   Swap Notional Amount Amortization Schedule


          Period      Period          Swap          Day
           Start        End         Notional       Count
Period     Date        Date          Amount       Fraction
------   ---------   ---------   --------------   --------
1        21-Dec-06   25-Jan-07   840,000,000.00    30/360
2        25-Jan-07   25-Feb-07   831,980,460.50    30/360
3        25-Feb-07   25-Mar-07   808,769,997.42    30/360
4        25-Mar-07   25-Apr-07   784,819,747.74    30/360
5        25-Apr-07   25-May-07   760,205,936.23    30/360
6        25-May-07   25-Jun-07   735,007,489.27    30/360
7        25-Jun-07   25-Jul-07   709,305,758.38    30/360
8        25-Jul-07   25-Aug-07   683,183,762.13    30/360
9        25-Aug-07   25-Sep-07   656,725,889.56    30/360
10       25-Sep-07   25-Oct-07   630,017,903.27    30/360
11       25-Oct-07   25-Nov-07   603,145,564.13    30/360
12       25-Nov-07   25-Dec-07   576,196,509.78    30/360
13       25-Dec-07   25-Jan-08   549,255,875.52    30/360
14       25-Jan-08   25-Feb-08   522,417,668.94    30/360
15       25-Feb-08   25-Mar-08   495,983,587.71    30/360
16       25-Mar-08   25-Apr-08   470,038,057.12    30/360
17       25-Apr-08   25-May-08   444,626,636.10    30/360
18       25-May-08   25-Jun-08   419,792,100.34    30/360
19       25-Jun-08   25-Jul-08   395,566,655.07    30/360
20       25-Jul-08   25-Aug-08   372,664,170.79    30/360
21       25-Aug-08   25-Sep-08   351,088,581.11    30/360
22       25-Sep-08   25-Oct-08   330,791,684.75    30/360
23       25-Oct-08   25-Nov-08   311,696,060.06    30/360
24       25-Nov-08   25-Dec-08   293,767,513.97    30/360
25       25-Dec-08   25-Jan-09   276,895,133.20    30/360
26       25-Jan-09   25-Feb-09   261,015,482.49    30/360
27       25-Feb-09   25-Mar-09   246,069,039.63    30/360
28       25-Mar-09   25-Apr-09   231,903,573.30    30/360
29       25-Apr-09   25-May-09   201,451,073.16    30/360
30       25-May-09   25-Jun-09   173,214,016.64    30/360
31       25-Jun-09   25-Jul-09   149,604,912.44    30/360
32       25-Jul-09   25-Aug-09   129,828,984.85    30/360
33       25-Aug-09   25-Sep-09   113,229,880.23    30/360
34       25-Sep-09   25-Oct-09    99,265,388.91    30/360
35       25-Oct-09   25-Nov-09    87,487,219.93    30/360
36       25-Nov-09   25-Dec-09    77,519,120.93    30/360
37       25-Dec-09   25-Jan-10    69,054,063.45    30/360
38       25-Jan-10   25-Feb-10    61,842,646.74    30/360
39       25-Feb-10   25-Mar-10    56,159,668.21    30/360
40       25-Mar-10   25-Apr-10    51,580,670.15    30/360
41       25-Apr-10   25-May-10    47,767,039.53    30/360
42       25-May-10   25-Jun-10    44,513,343.87    30/360
43       25-Jun-10   25-Jul-10    41,685,827.57    30/360
44       25-Jul-10   25-Aug-10    39,193,164.78    30/360
45       25-Aug-10   25-Sep-10    36,970,518.43    30/360
46       25-Sep-10   25-Oct-10    34,970,075.91    30/360
47       25-Oct-10   25-Nov-10    33,095,671.51    30/360
48       25-Nov-10   25-Dec-10    31,327,566.78    30/360

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