SEC Info - C-BASS 2006-CB6 Trust - ‘10-K’ for 12/31/06

Page 2 of 2

Exhibit A

Instances of Non-Compliance

With Regulation AB Servicing Criteria

The Servicer has assessed its compliance with the Applicable Servicing Criteria as of and for
the year ended December 31, 2006, and has concluded that it has complied, in all material
respects, with the Applicable Servicing Criteria with respect to the Platform taken as a whole,
except as disclosed below:

Reconciliations for Asset-Backed Securities Related Bank Account 1122(d)(2)(vii)(D)

Our investor bank account 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 sum of the reconciling items
for those eleven reconciliations was $216,950.

Adjustments to Interest Rates for Pool Assets With Variable Rates 1122(d)(4)(ix)

Our testing of sixty- five adjustable rate mortgages revealed two instances where certain
adjustable rate mortgages for which the interest rate reset in the servicing system did not
agree to interest rates in the appropriate source 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.

Exhibit 33 b)

Management's Assertion

Report on Compliance with Applicable Servicing Criteria Pursuant to Item 1122

of Regulation AB under the Securities Exchange Act of 1934

U.S. Bank National Association ("U.S. Bank") as a party participating in the
servicing function for the following transactions:

U.S. Bank Corporate Trust Asset Backed Securities Platform

hereby provides the following report on its assessment of compliance with the
servicing criteria set forth in Item 1122 of Regulation AB applicable to it
and as described on Exhibit A hereto:

1.

U.S. Bank is responsible for assessing its compliance with the

servicing criteria applicable to it as noted on the accompanying

Exhibit A;

U.S. Bank used the criteria set forth in paragraph (d) of Item 1122

of Regulation AB to assess its compliance with the applicable

servicing criteria;

U.S. Bank's assessment of its compliance with the applicable

servicing criteria is as of and for the period beginning on

January 1, 2006 and ending December 31, 2006, the end of the fiscal

year covered by the Form 10-K report. U.S. Bank's participation in

the servicing function complied in all material respects

with the applicable servicing criteria.

Ernst & Young, a registered public accounting firm, has issued an

attestation report on U.S. Bank's assessment of compliance with the

applicable servicing criteria as of and for the period beginning on

January 1, 2006 and ending December 31, 2006, the end of the fiscal

year covered by the Form 10-K report.

U.S. BANK NATIONAL ASSOCIATION

/s/ Bryan R. Calder

Name: Bryan R. Calder

Title: Executive Vice President

Date: February 26, 2007

EXHIBIT A to Management's Assertion

Reg AB Reference Servicing Criteria

General Servicing Considerations

1122(d)(1)(i)

Policies and procedures are instituted to monitor any

performance or other triggers and events of default in

accordance with the transaction agreements.

1122(d)(1)(ii)

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 such servicing activities.

1122(d)(1)(iii)

Any requirements in the transaction agreements to

maintain a back-up servicer for the Pool Assets are

maintained.

Not Applicable

1122(d)(1)(iv)

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 transaction agreements.

Cash Collection and Administration

1122(d)(2)(i)

Payments on pool assets are deposited into the

appropriate custodial bank 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 are made only by authorized

personnel.

1122(d)(2)(iii)

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 specified in the transaction agreements.

1122(d)(2)(iv)

The related accounts for the transaction, such as cash

reserve accounts or accounts established as a form of

over collateralization, 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 institution as set forth in the

transaction 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 Exchange Act.

1122(d)(2)(vi)

Unissued checks are safeguarded so as to prevent

unauthorized access.

1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all

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 the transaction agreements.

Investor Remittances and Reporting

1122(d)(3)(i)

Reports to investors, including those to be filed with

the 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 Servicer.

1122(d)(3)(ii)

Amounts due to investors are allocated and remitted in

accordance with timeframes, 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 Servicer's investor records, or such

other number of days specified in the

transaction agreements.

1122(d)(3)(iv)

Amounts remitted to investors per the investor reports

agree with cancelled checks, 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 transaction agreements or related pool

asset documents.

Not Applicable

1122(d)(4)(ii)

Pool assets and related documents are safeguarded as

required by the transaction agreements

Not Applicable

1122(d)(4)(iii)

Any additions, removals or substitutions to the asset

pool are made, reviewed 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 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 or other items

(e.g., escrow) in accordance with the related pool

asset documents.

Not Applicable

1122(d)(4)(v)

The Servicer's records regarding the pool assets agree

with the Servicer's records with respect to an obligor's

unpaid principal balance.

Not Applicable

1122(d)(4)(vi)

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 accordance with the

transaction agreements and related pool asset documents.

Not Applicable

1122(d)(4)(vii)

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

requirements established by the transaction agreements.

Not Applicable

1122(d)(4)(viii) 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 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).

Not Applicable

1122(d)(4)(ix)

Adjustments to interest rates or rates of return for

pool assets with variable rates are computed based on the

related pool asset documents.

Not Applicable

1122(d)(4)(x)

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 of days specified in the transaction agreements.

Not Applicable

1122(d)(4)(xi)

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 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.

Not Applicable

1122(d)(4)(xii)

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

late payment was due to the obligor's error or omission.

Not Applicable

1122(d)(4)(xiii) 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 the transaction agreements.

Not Applicable

1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts

are recognized and recorded in accordance with the

transaction agreements.

Not Applicable

1122(d)(4)(xv)

Any external enhancement or other support, identified

in Item 1114(a)(1) through (3) or Item 1115 of

Regulation AB, is maintained as set forth in the

transaction agreements.

Exhibit 33 c)

ASSERTION OF COMPLIANCE WITH APPLICABLE SERVICING CRITERIA

The Bank of New York and The Bank of New York Trust Company, N.A.
(collectively, the "Company") provides this platform-level
assessment of compliance with the servicing criteria specified
in Item 1122(d) of Regulation AB promulgated by the Securities
and Exchange Commission.

Management has determined that the following servicing criteria
are applicable in regards to the following servicing platform for
the following period:

Platform: Publicly-issued (i.e., transaction-level reporting
initially required under the Securities 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 includes like kind transactions for which the
Company provided trustee, securities administrator, 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.

Applicable Servicing Criteria: All servicing criteria set forth
in Item 1122(d), to the extent required by the related transaction
agreements as to any transaction, except for the following
criteria: 1122 (d) (1)(ii), (iii), (iv), (4) (iv), (v), (vi),
(vii), (viii), (ix), (x), (xi), (xii) and (xiii).

Period: Twelve months ended December 31, 2006.

With respect to the Platform and the Period, the Company provides
the following assessment of compliance in respect of the Applicable
Servicing Criteria:

The Company is responsible for assessing its compliance with the
Applicable Servicing Criteria.

The Company has assessed compliance with the Applicable
Servicing Criteria.

As of December 31, 2006 and for the Period, the Company was
in material compliance with the Applicable Servicing Criteria.

Ernst & Young LLP, an independent registered public accounting firm,
has issued an attestation report with respect to the Company's
foregoing assessment of compliance.

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

C-BASS 2006-CB6 Trust – ‘10-K’ for 12/31/06 – ‘EX-33’

On: Friday, 3/30/07, at 3:42pm ET · For: 12/31/06 · Accession #: 1019965-7-201 · File #: 333-130524-01

Annual Report — Form 10-K
Filing Table of Contents

EX-33 — ABS – Report of Compliance with Servicing Criteria

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

C-BASS 2006-CB6 Trust – ‘10-K’ for 12/31/06 – ‘EX-33’

On: Friday, 3/30/07, at 3:42pm ET · For: 12/31/06 · Accession #: 1019965-7-201 · File #: 333-130524-01

Annual Report — Form 10-KFiling Table of Contents

EX-33 — ABS – Report of Compliance with Servicing Criteria

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Annual Report — Form 10-K
Filing Table of Contents