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As Of Filer Filing For·On·As Docs:Size Issuer Agent 3/30/07 C-BASS 2006-CB6 Trust 10-K 12/31/06 5:111K First Sec … Reporting/FA |
Document/Exhibit Description Pages Size 1: 10-K Annual Report 13± 56K 3: EX-33 ABS - Report of Compliance with Servicing Criteria HTML 55K 4: EX-34 ABS - Attestation Report on Assessment of HTML 24K Compliance with Servicing Criteria 5: EX-35 ABS - Servicer Compliance Statement HTML 9K 2: EX-31 Certification -- Sarbanes-Oxley Act - Sect. 302 HTML 9K
Report of Indenpendent Registered Public Accounting Firm.DOC |
Litton Loan Servicing LP:
forth in Item 1122 (d) of the Securities and Exchange Commission's Regulation AB for the Asset Backed
Securities Platform ("the Platform") described in the accompanying Management's Report on Assessment of
Compliance with SEC Regulation AB Servicing Criteria as of and for the year ended December 31, 2006,
excluding criteria 1122 (d)(1)(iii), 1122 (d)(3)(i)(C), 1122 (d)(3)(ii) regarding the waterfall calculation,
1122 (d)(4)(i), 1122 (d)(4)(ii), and 1122 (d)(4)(xv), which management has determined are not applicable to the
activities performed by the Company with respect to the Platform. Management
is responsible for the
Company's compliance with the servicing criteria. Our responsibility is to express an opinion on the
Company's compliance with the servicing criteria based on our examination.
Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board
(United States) and, accordingly, included examining, on a test basis, evidence about the Company's
compliance with the applicable servicing criteria, including tests on a sample basis of the servicing activities
related to the Platform, determining whether the Company performed those selected activities in compliance
with the servicing criteria during the specified period and performing such other procedures as we considered
necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the
Company during the period
covered by this report and, accordingly, such samples may not have included
servicing activities related to each specific asset-backed transaction included in the Platform. Further, an
examination is not designed to detect noncompliance arising from errors that may have occurred prior to the
period specified above that may have affected the balances or amounts calculated or reported by the
Company during the period covered by this report. We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide a legal determination on the Company's compliance
with the servicing criteria.
Item 1122 (d) of the Securities and Exchange Commission's Regulation AB applicable to the Company during
the year ended December 31, 2006:
items are resolved within 90 calendar days of their original identification, or such other
number of days as specified in the transaction agreements. Our testing of reconciliations included
certain reconciling items that were not resolved within 90 calendar days of their original identification
on eleven of sixty-three investor bank account reconciliations selected for testing. The net of these
reconciling items for those eleven reconciliations was $216,950.
rates are computed based on the related pool asset documents. Our testing of sixty-five adjustable
rate mortgages revealed two instances for which the interest rate reset in the servicing system did not
agree to the interest rates in the appropriate servicing index per the borrower's note documents.
These were the result of incorrect information transferring from the prior servicer. Additionally, the
same sixty-five mortgages selected for testing included one instance where the adjustable rate
mortgage payment change date in the servicing system did not agree to the loan documents.
complied, in all material respects, with the aforementioned applicable servicing criteria for the Asset Backed
Securities Platform as of and for the year ended December 31, 2006.
February 27, 2007
Ernst & Young Logo
We have examined management's assertion, included in the accompanying
Report on Assessment of Compliance with SEC Regulation AB Servicing
Criteria, that U.S. Bank National Association (the Company) complied
with the servicing criteria set forth in Item 1122 (d) of the Securities and
Exchange Commission's Regulation AB for the Corporate Trust Asset
Backed Securities platform (the Platform) as of and for the year ended
December 31, 2006, except for criteria 1122 (d)(1)(iii), 1122 (d)(4)(i),
1122 (d)(4)(ii), and 1122 (d)(4)(iv) through 1122 (d)(4)(xiv), which the
Company has determined are not applicable to the activities
performed by them with respect to the servicing platform covered by
this report. Management is responsible for the
Company's compliance
with those servicing criteria. Our responsibility is to express an opinion
on management's assertion about the Company's compliance with the
servicing criteria based on our examination.
Our examination was conducted in accordance with standards of the Public
Company Accounting Oversight Board (United States) and, accordingly,
included examining, on a test basis, evidence about the Company's compliance
with the applicable servicing criteria and performing such other procedures as
we considered necessary in the circumstances. Our examination included
testing of less than all of the individual asset backed transactions and
securities that comprise the Platform, testing of less than all of the servicing
activities related to the Platform, and determining whether the Company
processed those selected transactions and performed those selected activities
in compliance with the servicing criteria. Furthermore, our procedures were
limited
to the selected transactions and servicing activities performed by the
Company during the period covered by this report. Our procedures were not
designed to determine whether errors may have occurred either prior to or
subsequent to our tests that may have affected the balances or amounts
calculated or reported by the Company during the period covered by this
report for the selected transactions or any other transactions. We believe
that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Company's
compliance with the servicing criteria.
In our opinion, management's assertion that the Company complied with the
aforementioned servicing criteria as of and for the year ended
December 31, 2006, for the Corporate Trust Asset Backed Securities
platform is fairly stated, in all material respects.
/s/ Ernst & Young LLP
February 26, 2007
[ERNST& YOUNG logo]
Report of Independent Registered Public Accounting Firm
Board of Directors
The Bank of New York
We have examined management's assertion, included in the accompanying
Management's Report on Assertion of Compliance with Applicable Servicing
Criteria that The Bank of New York and The Bank of New York Trust Company,
N.A., (collectively, the "Company"), complied with the servicing criteria
set forth in Item 1122 (d) of the Securities and Exchange Commission's
Regulation AB for the publicly issued (i.e. transaction-level reporting
initially required under the Securities and Exchange Act of 1934, as
amended) residential mortgage-backed securities and other mortgage-related
asset-backed securities issued on or after January 1, 2006 (and like-kind
transactions issued prior to January 1, 2006) for which the Company provides
trustee,
securities administration, paying agent, or custodial services
(the "Platform") as of and for the year ended December 31, 2006 except for
criteria 1122 (d)(l)(ii)-(iv), and 1122 (d)(4)(iv)-(xiii), which the Company
has determined are not applicable to the activities performed by them with
respect to the servicing Platform covered by this report. The Platform
includes like-kind transactions for which the Company provided trustee,
securities administration, paying agent or custodial services as a result
of the Company's acquisition as of October 1, 2006 of portions of JPMorgan
Chase
Bank, N.A.'s corporate trust business, including structured finance agency
and trust transactions. Management is responsible for the Company's compliance
with those servicing criteria. Our responsibility is to express an opinion
on management's assertion about the Company's compliance with the servicing
criteria based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants, as
adopted by the Public Company Accounting Oversight Board (United States)
and, accordingly, included examining, on a test basis, evidence about the
Company's compliance with the applicable servicing criteria and performing
such other procedures as we considered necessary in the circumstances. Our
examination included testing of less than all of the individual transactions
and securities that comprise the platform, testing of less than all of the
servicing activities related to the Platform, and determining whether the
Company processed those selected transactions and performed those selected
activities in compliance with the servicing criteria and as permitted by the
Interpretation 17.06 of the SEC Division of Corporation Finance Manual of
Publicly Available Telephone
Interpretations ("Interpretation 17.06").
Furthermore, our procedures were limited to the selected transactions and
servicing activities performed by the Company during the period covered by
this report. Our procedures were not designed to determine whether errors
may have occurred either prior to or subsequent to our tests that may have
affected the balances or amounts calculated or reported by the Company during
the period covered by this report for the selected transactions or any other
transactions. We believe that our examination provides a reasonable basis for
our opinion. Our examination does not provide a legal determination on the
In our opinion, management's assertion that the Company complied with the
aforementioned servicing criteria, including servicing criteria for which
compliance is determined based on Interpretation 17.06 as described above,
as applicable, as of and for the year ended December 31, 2006 for the
Platform, is fairly stated, in all material respects.
This ‘10-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 3/30/07 | |||
3/1/07 | 10-D/A | |||
2/27/07 | ||||
2/26/07 | ||||
For Period End: | 12/31/06 | |||
10/1/06 | ||||
1/1/06 | ||||
List all Filings |