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**MANAGEMENT'S          ASSERTION ON **

**MINIMUM          SERVICING STANDARDS**

*Uniform          Single Attestation Program for Mortgage Bankers.*

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**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: |
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|                                    • |     Be                        mathematically accurate                                                               |
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|                                    • |     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 |
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| •   |       Document                        explanations for reconciling items. These reconciling items                        shall be                        resolved within ninety (90) calendar days of their original                        identification. |
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| 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. |
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| 3.   | Each                        custodial account shall be maintained at a federally insured                        depository                        institution in trust for the applicable                        investor. |
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| 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. |
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**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. |
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| 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. |
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| 3.   | Mortgage                        payments shall be allocated to principal, interest, insurance,                        taxes or                        other escrow items in accordance with the mortgagor's loan                        documents. |
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| 4.   | Mortgage                        payments identified as loan payoffs shall be allocated in                        accordance with                        the mortgagor's loan documents. |
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**III. DISBURSEMENTS**

| 1.                                                                                                                             | Disbursements                          made via wire transfer on behalf of a mortgagor or investor                          shall be made                          only by authorized personnel.                                                                                                                                                                                                                                                                                                                                         |
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|                                             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. |
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| 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. |
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| 6.                            | Unused                          checks shall be safeguarded so as to prevent unauthorized                          access. |
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**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. |
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**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. |
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| 2.   | Adjustments                        on ARM loans shall be computed based on the related mortgage                        note and any                        ARM rider |
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| 3.   | Escrow                        accounts shall be analyzed, in accordance with the mortgagor's                        loan                        documents, on at least an annual                        basis. |
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| 4.   | Interest                        on escrow accounts shall be paid, or credited, to mortgagors                        in accordance                        with the applicable state laws. |
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**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). |
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**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. |
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