HSBC


         REPORT ON COMPLIANCE WITH APPLICABLE SERVICING CRITERIA
           PURSUANT TO ITEM 1122 OF REGULATION AB UNDER THE
                     SECURITIES EXCHANGE ACT OF 1934


1.  HSBC Mortgage Corporation (USA) (the "Company") is responsible for
    assessing compliance with the servicing criteria applicable to it under
    paragraph (d) of Item 1122 of Regulation AB, as of and for the 12-month
    period ending December 31, 2007 (the "Reporting Period"), as set forth
    in Appendix A hereto. The transactions covered by this report include
    asset-backed securities transactions (for which the Company acted as
    servicer) involving residential mortgage loans (the "Platform");

2.  The Company has engaged certain vendors, which are not servicers as
    defined in Item 1101(j) of Regulation AB (the "Vendors"), to perform
    specific, limited or scripted activities, and the Company elects to take
    responsibility for assessing compliance with the servicing criteria or
    portion of the servicing criteria applicable to such Vendors' activities
    as set forth in Appendix A hereto;

3.  Except as set forth in paragraph 4 below, the Company used the criteria
    set forth in paragraph (d) of Item 1122 of Regulation AB to assess
    compliance with the Applicable Servicing Criteria;

4.  The criteria listed in the column titled "Inapplicable Servicing
    Criteria" on Appendix A hereto are inapplicable to the Company based on
    the activities it performs, directly or through its Vendors, with respect
    to the Platform;

5.  The Company has complied, in all material respects, with the applicable
    servicing criteria as of December 31, 2007 and for the Reporting Period
    with respect to the Platform taken as a whole;

6.  The Company has not identified and is not aware of any material instance
    of noncompliance by the Vendors with the applicable servicing criteria as
    of December 31, 2007 and for the Reporting Period with respect to the
    Platform taken as a whole;

7.  The Company has not identified any material deficiency in its policies
    and procedures to monitor the compliance by the Vendors with the
    applicable servicing criteria as of December 31, 2007 and for the
    Reporting Period with respect to the Platform taken as a whole, and

8.  KPMG LLP, an independent registered public accounting firm, has issued
    an attestation report on the Company's assessment of compliance with the
    Applicable Servicing Criteria for the Reporting Period.

      IN WITNESS WHEREOF, I have signed this report on behalf of the Company
this 29th day of February 2008.

                                   By:/s/Michael T. Stilb
                                      ---------------------------------
                                      Name: Michael T. Stilb
                                      Title: Senior Vice President


HSBC Mortgage Corportation (USA)
2929 Walden Avenue. Depew, NY 14043













                                    APPENDIX A


<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                               Servicing Criteria                                Applicable Servicing       Inapplicable
                                                                                       Criteria               Servicing
                                                                                                              Criteria
--------------------------------------------------------------------------------------------------------------------------------
  Reference                       Criteria                                                                              NOT
                                                                                          Performed   Performed by   Performed
                                                                                             by       subservicer      by the
                                                                                          Vendor(s)   or vender(s)  Company or
                                                                                          for which   for which         by
                                                                             Performed  the Company the Company   subservicer(s)
                                                                             Directly     is the      is NOT the    or vendor(s)
                                                                                by       Responsible  Responsible   retained by
                                                                             the Company    Party       Party       the Company

--------------------------------------------------------------------------------------------------------------------------------
                               General Servicing Considerations
--------------------------------------------------------------------------------------------------------------------------------
<S>               <C>                                                            <C>         <C>           <C>           <C>
                  Policies and procedures are instituted to monitor any
                  performance or other triggers and events of default in          X
1122(d)(1)(i)     accordance with the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  If any material servicing activities are outsourced to
                  third parties, policies and procedures are instituted to
                  monitor the third party's performance and compliance with
1122(d)(1)(ii)    such servicing activities.                                      X
--------------------------------------------------------------------------------------------------------------------------------
                  Any requirements in the transaction agreements to maintain a                                         Not
1122(d)(1)(iii)   back-up servicer for the pool assets are maintained,                                              applicable
--------------------------------------------------------------------------------------------------------------------------------
                  A fidelity bond and errors and omissions policy is in effect
                  on the party participating in the servicing function
                  throughout the reporting period in the amount of coverage
                  required by and otherwise in accordance with the terms of the   X
1122(d)(1)(iv)    transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                       Cash Collection and Administration
--------------------------------------------------------------------------------------------------------------------------------
                  Payments on pool assets are deposited into the
                  appropriate custodial bank accounts and related bank            X
                  clearing accounts no more than two business days following
                  receipt, or such other number of days specified in the
1122(d)(2)(i)     transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  Disbursements made via wire transfer on behalf of an obligor    X
1122(d)(2)(ii)    or to an investor are made only by authorized personnel.
--------------------------------------------------------------------------------------------------------------------------------
                  Advances of funds or guarantees regarding collections, cash
                  flows or distributions, and any interest or other fees charged
                  for such advances, are made, reviewed and approved as           X
1122(d)(2)(iii)   specified in the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  The related accounts for the transaction, such as cash
                  reserve accounts or accounts established as a form of
                  overcollateralization, are separately maintained (e.g., with
                  respect to commingling of cash) as set forth in the             X
1122(d)(2)(iv)    transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  Each custodial account is maintained at a federally insured
                  depository institution as set forth in the transaction          X
                  agreements. For purposes of this criterion, "federally insured
                  depository institution" with respect to a foreign financial
                  institution means a foreign financial institution that meets
                  the requirements of Rule 13k-1(b)(1) of the Securities
1122(d)(2)(v)     Exchange Act of 1934, as amended
--------------------------------------------------------------------------------------------------------------------------------
                  Unissued checks are safeguarded so as to prevent unauthorized   X-1
1122(d)(2)(vi)    access.
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
----------



<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                               Servicing Criteria                                Applicable Servicing       Inapplicable
                                                                                       Criteria               Servicing
                                                                                                              Criteria
--------------------------------------------------------------------------------------------------------------------------------
  Reference                                  Criteria                                                                  NOT
                                                                                          Performed   Performed by   Performed
                                                                                             by       subservicer      by the
                                                                                          Vendor(s)   or vender(s)  Company or
                                                                                          for which   for which         by
                                                                             Performed  the Company the Company   subservicer(s)
                                                                             Directly     is the      is NOT the    or vendor(s)
                                                                                by       Responsible  Responsible   retained by
                                                                             the Company    Party       Party       the Company

--------------------------------------------------------------------------------------------------------------------------------
                               General Servicing Considerations
--------------------------------------------------------------------------------------------------------------------------------
<S>               <C>                                                            <C>         <C>           <C>           <C>
                  Reconciliations are prepared on a monthly basis for all         X
                  asset-backed securities related bank accounts, including
                  custodial accounts and related bank clearing accounts. These
                  reconciliations are (A) mathematically accurate; (B) prepared
                  within 30 calendar days after the bank statement cutoff date,
                  or such other number of days specified in the transaction
                  agreements; (C) reviewed and approved by someone other than the
                  person who prepared the reconciliation; and (D) contain
                  explanations for reconciling items. These reconciling items are
                  resolved within 90 calendar days of their original
                  identification, or such other number of days specified in
1122(d)(2)(vii)   the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                       Investor Remittances and Reporting
--------------------------------------------------------------------------------------------------------------------------------
                  Reports to investors, including those to be filed with the      X-2                                      X-2
                  Commission, are maintained in accordance with the transaction
                  agreements and applicable Commission requirements. Specifically,
                  such reports (A) are prepared in accordance with timeframes and
                  other terms set forth in the transaction agreements; (B) provide
                  information calculated in accordance with the terms specified
                  in the transaction agreements; (C) are filed with the Commission
                  as required by its rules and regulations; and (D) agree with
                  investors' or the trustee's records as to the total unpaid
                  principal balance and number of pool assets serviced by the
1122(d)(3)(i)     Servicer.
--------------------------------------------------------------------------------------------------------------------------------
                  Amounts due to investors are allocated and remitted in
                  accordance with timeframes, distribution priority and other     X
1122(d)(3)(ii)    terms set forth in the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  Disbursements made to an investor are posted within two
                  business days to the Servicer's investor records, or such       X
1122(d)(3)(iii)   other number of days specified in the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  Amounts remitted to investors per the investor reports
                  agree with cancelled checks, or other form of payment, or       X
1122(d)(3)(iv)    custodial bank statements.
--------------------------------------------------------------------------------------------------------------------------------
                            Pool Asset Administration
--------------------------------------------------------------------------------------------------------------------------------
                  Collateral or security on pool assets is maintained as
                  required by the transaction agreements or related mortgage      X
1122(d)(4)(i)     loan documents.
--------------------------------------------------------------------------------------------------------------------------------
                  Pool assets and related documents are safeguarded as            X
1122(d)(4)(ii)    required by the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  Any additions, removals or substitutions to the asset pool
                  are made, reviewed and approved in accordance with any          X
1122(d)(4)(iii)   conditions or requirements in the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
----------



<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                               Servicing Criteria                                Applicable Servicing       Inapplicable
                                                                                       Criteria               Servicing
                                                                                                              Criteria
--------------------------------------------------------------------------------------------------------------------------------
  Reference                                  Criteria                                                                  NOT
                                                                                          Performed   Performed by   Performed
                                                                                             by       subservicer      by the
                                                                                          Vendor(s)   or vender(s)  Company or
                                                                                          for which   for which         by
                                                                             Performed  the Company the Company   subservicer(s)
                                                                             Directly     is the      is NOT the    or vendor(s)
                                                                                by       Responsible  Responsible   retained by
                                                                             the Company    Party       Party       the Company

--------------------------------------------------------------------------------------------------------------------------------
<S>               <C>                                                            <C>         <C>           <C>           <C>
                  Payments on pool assets, including any payoffs, made in
                  accordance with the related pool asset documents are            X-3         X-3
                  posted to the Servicer's obligor records maintained no more
                  than two business days after receipt, or such other number of
                  days specified in the transaction agreements, and allocated
                  to principal, interest or other items (e.g., escrow)
1122(d)(4)(iv)    in accordance with the related pool asset documents.
--------------------------------------------------------------------------------------------------------------------------------
                  The Servicer's records regarding the pool assets agree
                  with the Servicer's records with respect to an obligor's        X
1122(d)(4)(v)     unpaid principal balance.
--------------------------------------------------------------------------------------------------------------------------------
                  Changes with respect to the terms or status of an obligor's
                  pool assets (e.g., loan modifications or re-agings) are
                  made, reviewed and approved by authorized personnel in          X
                  accordance with the transaction agreements and related pool
1122(d)(4)(vi)    asset documents.
--------------------------------------------------------------------------------------------------------------------------------
                  Loss mitigation or recovery actions (e.g., forbearance plans,
                  modifications and deeds in lieu of foreclosure, foreclosures
                  and repossessions, as applicable) are initiated, conducted and
                  concluded in accordance with the timeframes or other
1122(d)(4)(vii)   requirements established by the transaction agreements.         X
--------------------------------------------------------------------------------------------------------------------------------
                  Records documenting collection efforts are maintained during
                  the period a pool asset is delinquent in accordance with
                  the transaction agreements. Such records are maintained on at   X-4         X-4
                  least a monthly basis, or such other period specified in the
                  transaction agreements, and describe the entity's activities
                  in monitoring delinquent home equity loans including, for
                  example, phone calls, letters and payment rescheduling plans
                  in cases where delinquency is deemed temporary (e.g., illness
1122(d)(4)(viii)  or unemployment).
--------------------------------------------------------------------------------------------------------------------------------
                  Adjustments to interest rates or rates of return for pool
                  assets with variable rates are computed based on the related    X
1122(d)(4)(ix)    pool asset documents.
--------------------------------------------------------------------------------------------------------------------------------
                  Regarding any funds held in trust for an obligor (such as
                  escrow accounts): (A) such funds are analyzed, in accordance
                  with the obligor's pool asset documents, on at least an
                  annual basis, or such other period specified in the
                  transaction agreements; (B) interest on such funds is paid,
                  or credited, to obligors in accordance with applicable pool
                  asset documents and state laws; and (C) such funds are
                  returned to the obligor within 30 calendar days of full
                  repayment of the related pool assets, or such other number
1122(d)(4)(x)     of days specified in the transaction agreements.                 X
--------------------------------------------------------------------------------------------------------------------------------
                  Payments made on behalf of an obligor (such as tax or
                  insurance payments) are made on or before the related
                  penalty or expiration dates, as indicated on the
                  appropriate bills or notices for such payments, provided        X-5         X-5          X-6
                  that such support has been received by the servicer at
                  least 30 calendar days prior to these dates, or such other
1122(d)(4)(xi)    number of days specified in the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------

</TABLE>
----------


<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                               Servicing Criteria                                Applicable Servicing       Inapplicable
                                                                                       Criteria               Servicing
                                                                                                              Criteria
--------------------------------------------------------------------------------------------------------------------------------
  Reference                       Criteria                                                                              NOT
                                                                                          Performed   Performed by   Performed
                                                                                             by       subservicer      by the
                                                                                          Vendor(s)   or vender(s)  Company or
                                                                                          for which   for which         by
                                                                             Performed  the Company the Company   subservicer(s)
                                                                             Directly     is the      is NOT the    or vendor(s)
                                                                                by       Responsible  Responsible   retained by
                                                                             the Company    Party       Party       the Company

--------------------------------------------------------------------------------------------------------------------------------
<S>               <C>                                                            <C>         <C>           <C>           <C>
                  Any late payment penalties in connection with any payment
                  to be made on behalf of an obligor are paid from the
                  Servicer's funds and not charged to the obligor, unless the     X
1122(d)(4)(xii)   late payment was due to the obligor's error or omission.
--------------------------------------------------------------------------------------------------------------------------------
                  Disbursements made on behalf of an obligor are posted
                  within two business days to the obligor's records maintained
                  by the servicer, or such other number of days specified in      X-5         X-5          X-6
1122(d)(4)(xiii)  the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  Delinquencies, charge-offs and uncollectible accounts are
                  recognized and recorded in accordance with the transaction      X
1122(d)(4)(xiv)   agreements.
--------------------------------------------------------------------------------------------------------------------------------
                  Any external enhancement or other support, identified in Item                                         Not
                  1114(a)(1) through (3) or Item 1115 of Regulation AB, is                                           Applicable
1122(d)(4)(xv)    maintained as set forth in the transaction agreements.
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
----------

- Check only criteria which Company neither performs nor takes
responsibility for the performance by a Vendor.

1- Company asserts in whole to this criterion as Company utilizzes
safety paper blank check stock and has no unissued checks.

2- For (A), (B) and (D), the Company assertion to this criterion is
only for the function of a Servicer clearly identified in the transaction
documents. (C) is not applicable to the Company.

3- A portion of the Company's payments are processed by its affiliates.

4- A portion of the Company's early stage collection calls(less than 60
days) are initiated by its affiliates.

5- A portion of the Company's payments on behalf of an obligors are made
and posted by its affiliates.

6- Property tax payments on behalf of obligors are made first by First
American Real Estate Solutions of Texas, LP. The Company does not take
responsibility for the performance by First American RealEstate Solutions
of Texas, LP. See separate Certification attached.