Exhibit 33.1


      Certification Regarding Compliance with Applicable Servicing Criteria

1.    Accredited Home Lenders, Inc. ("Accredited") 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, 2006 ("the "Reporting Period"), as set forth in
      Appendix A hereto. The transactions covered by this report include
      asset-backed securities transactions for which Accredited acted as
      servicer involving sub-prime first-lien and second-lien residential
      mortgage loans (the "Platform");

2.    Accredited has engaged certain vendors (the "Vendors") to perform
      specific, limited or scripted activities, and Accredited 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, Accredited used the criteria set
      forth in paragraph (d) of Item 1122 of Regulation AB to assess the
      compliance with the applicable servicing criteria;

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

5.    Accredited has complied, in all material respects, with the applicable
      servicing criteria as of December 31, 2006 and for the Reporting Period
      with respect to the Platform taken as a whole, except as described on
      Appendix B hereto;

6.    Accredited 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, 2006 and for the Reporting Period with respect to the
      Platform taken as a whole;

7.    Accredited 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, 2006 and for the Reporting Period
      with respect to the Platform taken as a whole;

8.    Squar, Milner, Peterson, Miranda & Williamson, LLP, a registered
      public accounting firm, has issued an attestation report on Accredited's
      assessment of compliance with the applicable servicing criteria for the
      Reporting Period.

                                          Accredited Home Lenders, Inc.

                                          By: /s/ Jeff Crawford
                                              -----------------------------
                                              Name: Jeff Crawford
                                              Title: Director of Operations
                                              Date: April 16, 2007
<PAGE>

Accredited Home Lenders, Inc.
Appendix A
Certification Regarding compliance with Applicable Servicing Criteria

Legend
A = Applicable servicing criteria performed directly by Accredited.
B = Applicable servicing criteria performed by Vendors for which Accredited is
    the responsible party.
C = Inapplicable servicing criteria.

<TABLE>
<CAPTION>
    Reference                                           Criteria                                                A      B      C
<S>               <C>                                                                                            <C>   <C>    <C>
                                             General Servicing Considerations
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(1)(i)     Policies and procedures are instituted to monitor any performance or other triggers            X
                  and events of default in accordance with the transaction documents.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(1)(ii)    If any material servicing activities are outsourced to third parties, policies and             X
                  procedures are instituted to monitor the third party's performance and compliance
                  with such servicing activities.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(1)(iii)   Any requirements in the transaction agreements to maintain a back-up servicer                               X
                  for the pool assets are maintained.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(1)(iv)    A fidelity bond and errors and omissions policy is in effect on the party                      X
                  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 transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------

                                           Cash Collection and Administration
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(i)     Payments on pool assets are deposited into the appropriate custodial bank                      X     X
                  accounts and related bank clearing accounts no more than two business days
                  following receipt, or such other number of days specified in the transaction
                  agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(ii)    Disbursements made via wire transfer on behalf of an obligor or to an investor                 X
                  are made only by authorized personnel.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(iii)   Advances of funds or guarantees regarding collections, cash flows or                           X
                  distributions, and any interest or other fees charged for such advances, are
                  made, reviewed and approved as specified in the transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(iv)    The related accounts for the transaction, such as cash reserve accounts or accounts            X
                  established as a form of overcollateralization, are separately maintained (e.g.,
                  with respect to commingling of cash) as set forth in the transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(v)     Each custodial account is maintained at a federally insured depository                         X
                  institution as set forth in the transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(vi)    Unissued checks are safeguarded so as to prevent unauthorized access.                          X
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                   Page 1 of 5
<PAGE>


Accredited Home Lenders, Inc.
Appendix A
Certification Regarding compliance with Applicable Servicing Criteria

Legend
A = Applicable servicing criteria performed directly by Accredited.
B = Applicable servicing criteria performed by Vendors for which Accredited is
    the responsible party.
C = Inapplicable servicing criteria.

<TABLE>
<CAPTION>
    Reference                                           Criteria                                                A      B      C
<S>               <C>                                                                                            <C>   <C>    <C>
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(vii)   Reconciliations are prepared on a monthly basis for all asset-backed securities                X
                  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 the
                  transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------

                                            Investor Remittances and Reporting
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(3)(i)     Reports to investors, including those to be filed with the Commission, are maintained                       X
                  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) as filed with
                  the Commission as required by its rules and regulations; and (D) agree with investors'
                  or trustee's records as to the total unpaid principal balance and number of pool
                  assets serviced by the Servicer.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(3)(ii)    Amounts due investors are allocated and remitted in accordance with timeframes,                             X
                  distribution priority and other terms set forth in the transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(3)(iii)   Disbursements made to an investor are posted within two business days to the                                X
                  Servicer's investor records, or such other number of days specified in the
                  transaction documents.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(3)(iv)    Amounts remitted to investors per the investor reports agree with cancelled checks,                         X
                  or other form of payment, or custodial bank statements.
-----------------------------------------------------------------------------------------------------------------------------------

                                              Pool Asset Administration
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(i)     Collateral or security on pool assets is maintained as required by the                        X(1)
                  transaction agreements or related mortgage loan documents.
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                   Page 2 of 5
<PAGE>

Accredited Home Lenders, Inc.
Appendix A
Certification Regarding compliance with Applicable Servicing Criteria

Legend
A = Applicable servicing criteria performed directly by Accredited.
B = Applicable servicing criteria performed by Vendors for which Accredited is
    the responsible party.
C = Inapplicable servicing criteria.

<TABLE>
<CAPTION>
    Reference                                           Criteria                                                A      B      C
<S>               <C>                                                                                            <C>   <C>    <C>
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(ii)    Pool assets and related documents are safeguarded as required by the transaction              X(1)
                  agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(iii)   Any additions, removals or substitutions to the asset pool are made, reviewed                 X
                  and approved in accordance with any conditions or requirements in the transaction
                  agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(iv)    Payments on pool assets, including any payoffs, made in accordance with the                   X(2)   X(2)
                  related pool asset documents are 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 and other items (e.g., escrow) in accordance with the related pool asset
                  documents.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(v)     The Servicer's records regarding the pool assets agree with the Servicer's                    X
                  records with respect to an obligor's unpaid principal balance.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(vi)    Changes with respect to the terms or status of an obligor's pool assets (e.g.,                X
                  modifications or re-agings) are made, reviewed and approved by authorized
                  personnel in accordance with the transaction agreements and related pool asset
                  documents.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(vii)   Loss mitigation or recovery actions (e.g., forbearance plans, modifications and               X
                  deeds in lieu of foreclosures and repossessions, as applicable) are initiated,
                  conducted and concluded in accordance with the timeframes or other requirements
                  established by the transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(viii)  Records documenting collection efforts are maintained during the period a pool asset is       X
                  delinquent in accordance with the transaction agreements. Such records are maintained on
                  at least a monthly basis, or such other period specified in the transaction agreements,
                  and describe the entity's activities in monitoring delinquent pool assets including, for
                  example, phone calls, letters and payment rescheduling plans in cases where delinquency is
                  deemed temporary (e.g., illness or unemployment).
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(ix)    Adjustments to interest rates or rates of return for pool assets with variable                X
                  rates are computed based on the related pool asset documents.
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                   Page 3 of 5
<PAGE>

Accredited Home Lenders, Inc.
Appendix A
Certification Regarding compliance with Applicable Servicing Criteria

Legend
A = Applicable servicing criteria performed directly by Accredited.
B = Applicable servicing criteria performed by Vendors for which Accredited is
    the responsible party.
C = Inapplicable servicing criteria.

<TABLE>
<CAPTION>
    Reference                                           Criteria                                                A      B      C
<S>               <C>                                                                                            <C>   <C>    <C>
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(x)     Regarding any funds held in trust for an obligor (such as escrow accounts): (A)                X
                  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 of days specified in the transaction documents.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xi)    Payments made on behalf of an obligor (such as tax or insurance payments) are made             X
                  on or before the related penalty or expiration dates, as indicated on the
                  appropriate bills or notices for such payments, provided that such support has been
                  received by the Servicer at least 30 calendar days prior to these dates, or such
                  other number of days specified in the transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xii)   Any late payment penalties in connection with any payment to be made on behalf of              X
                  an obligor are paid from the Servicer's funds and not charged to the obligor,
                  unless the late payment was due to the obligor's error or omission.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xiii)  Disbursements made on behalf of an obligor are posted within two business days to              X
                  the obligor's records maintained by the Servicer, or such other number of days
                  specified in the transaction documents.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xiv)   Delinquencies, charge-offs and uncollectible accounts are recognized and recorded              X
                  in accordance with the transaction agreements.
-----------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xv)    Any external enhancement or other support, identified in Item 1114(a)(1) through (3)           X(3)
                  or Item 1115 of Regulation AB, is maintained as set forth in the transaction
                  agreements.
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                   Page 4 of 5
<PAGE>


Accredited Home Lenders, Inc.
Appendix A
Certification Regarding compliance with Applicable Servicing Criteria

Legend
A = Applicable servicing criteria performed directly by Accredited.
B = Applicable servicing criteria performed by Vendors for which Accredited is
    the responsible party.
C = Inapplicable servicing criteria.

<TABLE>
<CAPTION>
    Reference                                           Criteria                                                A      B      C
<S>               <C>                                                                                            <C>   <C>    <C>

</TABLE>

Footnotes:

(1) = Once Accredited delivers the required collateral documents to the
      Indenture Trustee, it is the Indenture Trustee's responsibility to ensure
      the documents are adequately safeguarded.

(2) = Accredited relies on a lockbox service to deposit a portion of incoming
      borrower payments to Accredited's payment clearing account. However,
      Accredited maintains responsibility for posting all payments to the
      relevant borrower accounts and updating resulting obligor records.

(3) = Item 1114(a)(1) through (3) is not applicable as Accredited does not use
      the external enhancements described in this section of the regulation.
      However, Item 1115 is applicable, as Accredited may receive indirect cash
      flow as a result of its Swap Agreement.


                                   Page 5 of 5
<PAGE>

                                   APPENDIX B

Accredited Home Lenders identified one material instance of noncompliance as of
December 31, 2006 and for the Reporting Period with respect to the Platform
taken as a whole for Section 1122(d)(1)(i), in that Accredited did not have
documented policies and procedures for monitoring events of default noted in the
Sale and Servicing Agreements for the Company's securitized transactions.
<PAGE>

                                   APPENDIX C

Accredited Mortgage Loan Trust 2002-1
Accredited Mortgage Loan Trust 2002-2
Accredited Mortgage Loan Trust 2003-1
Accredited Mortgage Loan Trust 2003-2
Accredited Mortgage Loan Trust 2003-3
Accredited Mortgage Loan Trust 2004-1
Accredited Mortgage Loan Trust 2004-2
Accredited Mortgage Loan Trust 2004-3
Accredited Mortgage Loan Trust 2004-4
Accredited Mortgage Loan Trust 2005-1
Accredited Mortgage Loan Trust 2005-2
Accredited Mortgage Loan Trust 2005-3
Accredited Mortgage Loan Trust 2005-4
Accredited Mortgage Loan Trust 2006-1
Accredited Mortgage Loan Trust 2006-2