Exhibit 33.4


[REGULUS LOGO]


    Report on Assessment of Compliance with Regulation AB Servicing Criteria

1.    Pursuant to Subpart 229.1100 - Asset Backed Securities, 17 C.F.R.
      ss.ss.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.

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.

4.    KPMG LLP, a registered public accounting firm, has issued an attestation
      report on Regulus' assessment of compliance with the Applicable Servicing
      Criteria as of and for the year ended December 31, 2007. A copy of that
      attestation report is attached hereto as Exhibit A.


/s/ Kimberlee Clark
-------------------
Kimberlee Clark
Chief Financial Officer

February 15, 2008
<PAGE>

[REGULUS LOGO]

         Report on Assessment of Compliance with Regulation AB Item 1123

Pursuant to Item 1123 of Regulation AB, a review of the Regulus' activities
during the year ended December 31, 2007 (the "Reporting Period") and of its
performance under the servicing agreement between Regulus and Home Loan
Services (the "Servicing Agreement") has been made under the undersigned
officer's supervision. To the best of such officer's knowledge, based on such
review, Regulus has fulfilled its obligations under the Servicing Agreement in
all material respects throughout the Reporting Period.


/s/ Kimberlee Clark
-------------------
Kimberlee Clark
Chief Financial Officer

February 15, 2008

<PAGE>

[REGULUS LOGO]


                 Management's Report on Assessment of Compliance
                      with Regulation AB Servicing Criteria

1.    Pursuant to Subpart 229.1100 - Asset Backed Securities, 17 C.F.R.
      ss.ss.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.

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.


/s/ Kimberlee Clark
-------------------
Kimberlee Clark
Chief Financial Officer

February 15, 2008

 860 LATOUR COURT | NAPA, CA | 94558 | TEL: 707.254.4000 | FAX: 707.254.4070 |
                                REGULUSGROUP.COM