ANNUAL CERTIFICATION FOR
                     HOME MORTGAGE PURCHASE PROGRAM
      PURSUANT TO THE SALE, SERVICING AND ADMINISTRATION AGREEMENT

PROGRAM NAME: HSI ASSET LOAN OBLIGATION TRUST 2006 - 2

In accordance with the above referenced Agreement, I, the undersigned, hereby
certify as to each Mortgage Loan being serviced by the below named institution
that as of the preceding Anniversary Date of the Agreement:

    1. I am an "Officer" as defined in the above referenced Agreement, and am
       empowered and authorized to issue this Annual Certification.

    2. All taxes, ground rents and assessments for the Mortgage covered herein
       have been paid.

    3. All insurance premiums for flood or other casualty insurance; and FHA
       premiums or Private Mortgage Insurance premiums on conventional loans
       have been paid, all policies as required by the Agreement are in full
       force. Servicer is in full compliance with the Private Mortgage
       Insurance automatic termination provisions of the Homeowners Protection
       Act of 1998, the American Homeowner and Electronic Opportunity Act of
       2000, and Fannie Mae servicing guidelines where applicable.

    4. Inspections have been made monthly on all delinquent, foreclosed or
       otherwise vacant properties, and any other property the Servicer has
       reason to believe requires an inspection.

    5. Analysis has been made to ensure sufficient moneys are being collected
       in escrow for the current year.

    6. All information returns have been provided to the Internal Revenue
       Service as required on activity relating to the relevant Mortgage Loans.

    7. If Servicer originates mortgage loans for delivery to investor under the
       referenced Agreement or services mortgage loans under the referenced
       Agreement that are registered with MERS, the Servicer has remained a
       member of MERS in good standing during this Annual Certification period.

    8. There is no outstanding or threatened litigation regarding predatory
       lending practices pertaining to any loans serviced under this Program.

I further certify:

    A. To the best of my knowledge and upon reasonable investigation, the
       servicing of the Mortgage Loans during the year preceding the last
       Anniversary Date of the Agreement has been conducted in compliance
       with the Agreement except for such exceptions as I am setting forth
       below.

EXCEPTIONS (if any): N/A

    3. A review of activities with respect to performance under the Agreement
       during the year preceding the last Anniversary Date of the Agreement has
       been made under my supervision and to the best of my knowledge, based on
       such review, no default exists as of the above date in the fulfillment of
       any obligations under the Agreement other than the events of default, if
       any, which I am listing below with the nature and status thereof.

EVENTS OF DEFAULT f (if any): N/A

NAME OF SERVICING INSTITUTION:                  HSBC MORTGAGE CORPORATION (USA)

NAME OF AUTHORIZED OFFICER:                           /s/ ROBIN E. HORNSTROM
                                                      -----------------------
SIGNATURE OF SAME OFFICER:                            /s/ ROBIN E. HORNSTROM
                                                      -----------------------
TITLE OF SAME OFFICER:                                First Vice President
                                                      -----------------------
DATE OF SIGNATURE:                                    2/28/2007
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CERTIFICATION COVERS PERIOD                           FROM: December 01, 2006
                                                      TO:   January 01, 2007