----

|   |   |  **Deloitte                & Touche LLP** |
|--------|--------|----------------------------------------------------|
|   |   |  Suite                3300                    |
|   |   |  1100                Walnut Street            |
|   |   |  Kansas                City, MO 64106         |
|   |   |  USA                                          |
|   |   |  Tel:+1                816 474 6180           |
|   |   |  www.deloitte.com                             |

**REPORT      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

*Management's      Assertion *

**/s/      Deloitte & Touche LLP**

----

----

| /s/                  Douglas D. Danforth | /s/                  Steven W. Smith            | /s/                  Dave J. Bodi               |   |
|------------------------------------------|-------------------------------------------------|-------------------------------------------------|--------|
| Douglas                  D. Danforth     | Steven                  W. Smith                | Dave                  J. Bodi                   |   |
| President                  &         | Executive                  Vice-President & | Executive                  Vice-President & |   |
| Chief                  Executive Officer | Co-Chief                  Operating Officer     | Co-Chief                  Operating Officer     |   |

| **    A                  Member of The PNC Financial Services Group**              |   |
|--------------------------------------------------------------------------------------------------------|--------|
|     10851                  Mastin P.O. Box 25965 Shawnee Mission Kansas 66225-5965 |   |
|     www.midlandls.com                  913 253 9000 T 913 253 9001 F               |   |

----

**MIDLAND        LOAN SERVICES, INC.**

**APPENDIX        I—MLS's MINIMUM SERVICING STANDARDS**

----

**I.    CUSTODIAL          BANK ACCOUNTS**

| 1      |   | Reconciliations                    shall be prepared on a monthly basis for all custodial bank accounts                    and                    related bank clearing accounts. These reconciliations                    shall:     |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                  |
|   | l      | Be                    mathematically accurate                                                                                                                                                                                         |
|   | l      | Be                    prepared within forty-five (45) calendar days after the cutoff                    date                                                                                                                          |
|   | l      | Be                    reviewed and approved by someone other than the person who prepared                    the                    reconciliation                                                                                    |
|   | l      | Document                    explanations for reconciling items. These reconciling items shall                    be                    resolved within ninety (90) calendar days of their original                    identification. |
|   |   |                                                                                                                                                                                                                                  |
| 2.     |   | Funds                    of the servicing entity shall be advanced in cases where there                    is an                    overdraft in an investor's or a mortgagor's account.                                              |
|   |   |                                                                                                                                                                                                                                  |
| 3.     |   | Each                    custodial account shall be maintained at a federally insured                    depository                    institution in trust for the applicable investor.                                               |
|   |   |                                                                                                                                                                                                                                  |
| 4.     |   | Escrow                    funds held in trust for a mortgagor shall be returned to the                    mortgagor                    within thirty (30) calendar days of payoff of the mortgage                    loan.            |

**II.    MORTGAGE          PAYMENTS**

| 1      |   | Mortgage                    payments shall be deposited into the custodial bank accounts                    and related                    bank clearing accounts within two business days of                    receipt.                                        |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                             |
| 2.     |   | Mortgage                    payments made in accordance with the mortgagor's loan documents                    shall be                    posted to the applicable mortgagor records within two business                    days of                    receipt. |
|   |   |                                                                                                                                                                                                                                                             |
| 3.     |   | Mortgage                    payments shall be allocated to principal, interest, insurance,                    taxes or                    other escrow items in accordance with the mortgagor's loan                    documents.                               |
|   |   |                                                                                                                                                                                                                                                             |
| 4.     |   | Mortgage                    payments identified as loan payoffs shall be allocated in accordance                    with                    the mortgagor's loan documents.                                                                                      |

**III.    DISBURSEMENTS**

| 1      |   | Disbursements                    made via wire transfer on behalf of a mortgagor or investor shall                    be made                    only by authorized personnel.                                                                                                                                                                                                                                                                                                          |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 2.     |   | Disbursements                    made on behalf of a mortgagor or investor shall be posted within                    two                    business days to the mortgagor's or investor's records maintained                    by the servicing entity.                                                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 3.     |   | Tax                    and insurance payments shall be made on or before the penalty                    or insurance                    policy expiration dates, as indicated on tax bills and insurance                    premium                    notices, respectively, provided that such support has been received                    by the                    servicing entity at least thirty (30) calendar days prior to                    these                    dates. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.     |   | Any                    late payment penalties paid in conjunction with the payment of                    any tax                    bill or insurance premium notice shall be paid from the servicing                    entity's                    funds and not charged to the mortgagor, unless the late payment                    was due to                    the mortgagor's error or omission.                                                                                |
| 5.     |   | Amounts                    remitted to investors per the servicer's investor reports shall                    agree with                    cancelled checks, or other form of payment, or custodial bank                    statements.                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 6.     |   | Unused                    checks shall be safeguarded so as to prevent unauthorized                    access.                                                                                                                                                                                                                                                                                                                                                                          |

**IV.    INVESTOR          ACCOUNTING AND REPORTING**

| 1. |   | The                    servicing entity's investor reports shall agree with, or reconcile                    to,                    investors' records on a monthly basis as to the total unpaid                    principal                    balance and number of loans serviced by the servicing                    entity. |
|----|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**V.    MORTGAGOR          LOAN ACCOUNTING**

| 1.     |   | The                    servicing entity's mortgage loan records shall agree with, or                    reconcile                    to, the records of mortgagors with respect to the unpaid principal                    balance                    on a monthly basis. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                      |
| 2.     |   | Adjustments                    on adjustable rate mortgage loans shall be computed based on                    the related                    mortgage note and any adjustable rate mortgage rider.                                                                       |
|   |   |                                                                                                                                                                                                                                                                      |
| 3.     |   | Escrow                    accounts shall be analyzed, in accordance with the mortgagor's                    loan                    documents, on at least an annual                    basis.                                                                            |

**VI.    INSURANCE          POLICIES**

| 1. |   | A                    fidelity bond and errors and omissions policy shall be in effect                    on the                    servicing entity throughout the reporting period in the amount                    of coverage                    represented to investors in management's assertion. |
|----|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|