Deloitte.
  Deloitte
                    & Touche LLPJPMorgan
                    Chase Tower2200
                    Ross Avenue, Suite 1600Dallas,
                    TX 75201-6778USATel:
                    +1 214 840 7000www.deloitte.com
    **Report
        of Independent Registered Public Accounting Firm**
  To
        the
        Board of Directors and Stockholder of
 EMC
        Mortgage Corporation:
  We
        have
        examined management's assertion that EMC Mortgage Corporation (the "Company")
        (a
        wholly owned
        subsidiary of The Bear Stearns Companies Inc.) has complied as of and for
        the
        period from December 1, 2004 through November 30, 2005, with its established
        minimum servicing standards described
        in the accompanying Management's Assertion dated February 17, 2006. Management
        is responsible for the Company's compliance with those minimum servicing
        standards. Our responsibility is to express an opinion on management's assertion
        about the Company's compliance based on our examination.
  Our
        examination was conducted in accordance with attestation standards established
        by the American Institute
        of Certified Public Accountants as adopted by the Public Company Accounting
        Oversight Board and, accordingly, included examining, on a test basis, evidence
        about the Company's compliance with its minimum
        servicing standards and performing such other procedures as we considered
        necessary in the circumstances.
        We believe that our examination provides a reasonable basis for our opinion.
        Our examination
        does not provide a legal determination on the Company's compliance with its
        minimum servicing
        standards.
  In
        our
        opinion, management's assertion that the Company complied with the
        aforementioned minimum servicing
        standards as of and for the period from December 1, 2004 through November
        30,
        2005, is fairly stated,
        in all material respects based on the criteria set forth in Appendix
        A.
  /s/
        Deloitte & Touche LLP
  February
        17, 2006
   Member
        of
 Deloitte
        Touche Tohmatsu
 
  
 E
              M
              C
 ***Mortgage
              Corporation***
   February
            17, 2006
    **MANAGEMENT'S
            ASSERTION**
  As
            of and
            for the year ended November 30, 2005, EMC Mortgage Corporation (the "Company")
            (a wholly owned subsidiary of The Bear Steams Companies Inc.), has complied,
            in all material respects, with the Company's established minimum servicing
            standards for residential mortgage loans as set forth in Appendix A (the
            "Standards"). The Standards are based on the Mortgage Bankers Association
            of
            America's *Uniform
            Single Attestation Program for Mortgage Bankers.*
  As
            of
            December 1, 2004 and for the fiscal year ending November 30, 2005, the
            Company
            had in effect a fidelity bond in the amount of $210,000,000 and an errors
            and
            omissions policy
            in
            the amount of $20,000,000.
 
 /s/
            Raylene Ruyle
 Ralene
            Ruyle, President
  /s/
            F.
            Norton Wells
 F.
            Norton
            Wells, Executive Vice President
  /s/
            Sue Stepanek
 Sue
            Stepanek, Executive
            Vice President
  
    Two
                        MacArthur Ridge, 909 Hidden Ridge Drive, Suite 200, Irving,
                        Texas
                        75038**Mailing
                        Address:**P.O.
                        Box 141358 Irving, Texas
                        75014-1358
 
 **APPENDIX
            A**
  MINIMUM
            SERVICING STANDARDS AS SET FORTH IN THE MORTGAGE BANKERS ASSOCIATION
            OF
            AMERICA'S UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS
  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:
 be
                mathematically accurate;
            be
                prepared within forty-five (45) calendar days after the cutoff
                date;
            be
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and
            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.
  **-
            2 -**
 
  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 ARM loans shall be computed based on the related mortgage
            note
            and any ARM rider.
  3.
            Escrow
            accounts shall be analyzed, in accordance with the mortgagor's loan documents,
            on at least an annual basis.
  4.
            Interest on escrow accounts shall be paid, or credited, to mortgagors
            in
            accordance with the applicable state laws.
  VI.  DELINQUENCIES
  1.
            Records documenting collection efforts shall be maintained during the
            period a
            loan is in default and shall be updated at least monthly. Such records
            shall
            describe the entity's activities in
            monitoring delinquent loans including, for example, phone calls, letters
            and
            mortgage payment rescheduling plans in cases where the delinquency is
            deemed
            temporary (e.g.,
            illness or unemployment).
  VII.  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.
  **-
            3 -**