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| 1. | Pursuant      to Subpart 229.1100 - Asset Backed Securities, 17 C.F.R.      §§229.1100-229.1123 ("Regulation      AB"), Regulus Group LLC, for itself and its wholly-owned      subsidiaries (individually and collectively "Regulus"), is responsible for      assessing its compliance with the servicing criteria applicable to the      remittance processing services it provides to customers who are issuers      or  servicers of asset backed securities transactions and who      have requested confirmation of Regulus' compliance in connection with loan      and/or receivables portfolios that include pool assets for asset backed      securities transactions (the "Platform"). Remittance      processing is a service whereby check payments      that are remitted by mail to a post office box are collected, processed      through a highly automated data capture system, and prepared for deposit      to a bank account held by the beneficiary of the payment.  |
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| 2. | The      servicing criteria set forth in Item 1122(d) of Regulation AB were used in      Regulus' assessment of compliance. Regulus has concluded that the      servicing criteria set forth in Items 1122(d)(2)(i) and 1122(d)(4)(iv) of      Regulation AB are applicable to the servicing activities it performs with      respect to the Platform (such criteria the "Applicable Servicing Criteria").      Regulus has concluded that the remainder of the servicing criteria set      forth in Item 1122(d) of Regulation AB are inapplicable to the activities      it performs with respect to the Platform because Regulus does not      participate in the servicing activities referenced by such servicing      criteria.                                                                                                                                                                                                                                                                            |
| 3. | As      of and for the year ended December 31, 2007, Regulus has complied in all      material respects with the Applicable Servicing Criteria set forth in Item      1122(d) of Regulation AB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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