Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-AR4 – ‘8-K’ for 12/1/06

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Current Report   —   Form 8-K
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Document Table of Contents

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION
  Washington D. C. 20549

  FORM 8-K

  CURRENT REPORT
    Pursuant to Section 13 or 15(d) of The
     Securities Exchange Act of 1934

December 1, 2006                                                                
Date of Report (Date of Earliest Event Reported)                                

Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-AR4                
(Exact name of Issuing Entity as specified in its charter)                      

DB Structured Products, Inc.                                                  
(Exact name of Sponsor as specified in its charter)                             

Deutsche Alt-A Securities, Inc.                                               
(Exact name of Depositor as specified in its charter)                           

Deutsche Alt-A Securities, Inc.                                               
(Exact name of Registrant as specified in its charter)                          

New York              333-131600-06              54-2197865                     
(State or Other       (Commission                54-2197866                     
Jurisdiction of        File Number)              54-2197867                     
Incorporation)                                   54-2197868                     
                               (IRS Employer
                                      Identification No)

c/o Wells Fargo Bank, N.A.                                                      
9062 Old Annapolis Road                                                         
Columbia, MD                                         21045                      
(Address of Principal Executive Offices)             (Zip Code)                 

(410) 884-2000                                                                  
(Registrant's Telephone Number, including Area Code)                            

Not Applicable                                                                  
(Former Name or Former Address, if Changed Since Last Report)                   

Check the appropriate box below if the Form 8-K filing is intended to           
simultaneously satisfy the filing obligation of the Registrant under any        
of the following provisions (see General Instruction A.2. below):               

[ ] Written communications pursuant to Rule 425 under the Securities Act        
(17 CFR 230.425)                                                        

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act          
(17 CFR 240.14a-12)                                                     

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the         
Exchange Act(17 CFR 240.14d-2(b))                                       

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the         
Exchange Act(17 CFR 240.13e-4(c))                                       

Section 1 - Registrant's Business Operations                                    

Item 1.02 - Termination of a Material Definitive Agreement.                     

GMAC Mortgage, LLC ("GMACM") agreed to service certain residential              
mortgage loans (the "Serviced Loans"), for the benefit of HSBC Bank USA,        
National Association, as trustee, pursuant to the servicing agreement,          
dated as of August 5, 2005, between DB Structured Products ("DBSP") and         
GMACM (the "GMAC Servicing Agreement") as modified in accordance with the       
terms of assignment, assumption and recognition agreement, dated as of          
September 29, 2006, among DBSP as assignor, Deutsche Alt-A Securities Inc.      
as assignee and GMACM and acknowledged and agreed to by Wells Fargo, N.A.,      
as master servicer.                                                             

Pursuant to the termination agreement, dated as of December 1, 2006, by and     
between DBSP and GMACM, DBSP and GMACM have agreed to terminate the GMAC        
Servicing Agreement, with respect to the Serviced Loans, effective as of        
December 1, 2006. Such termination agreement is attached hereto as Exhibit 99.1 
below.                                                                          

Section 6 - Asset-Backed Securities                                             

Item 6.02 - Change in Servicer or Trustee.                                      

Wells Fargo Bank, N.A. (the "Servicer"), has agreed to service certain          
residential mortgage loans, effective as of December 1, 2006, for the benefit of
HSBC Bank USA, National Association, as trustee (the "Trustee") pursuant to     
the provisions of that certain servicing agreement, dated as of December 1,     
2005, between DBSP and the Servicer as modified in accordance with the          
terms of servicing agreement dated as of December 1, 2006 (attached             
hereto as Exhibit 99.2), between the Servicer and the Trustee and acknowledged  
and agreed to by Deutsche Alt-A Securities, Inc as depositor, DBSP as seller    
and Wells Fargo Bank, N.A., as master servicer and securities administrator.    

WELLS FARGO BANK, N.A. AS SERVICER                                              

Servicing Experience and Procedures of Wells Fargo Bank                         

Servicing Experience                                                        

  Wells Fargo Bank, N.A. ("Wells Fargo Bank") is an indirect, wholly-owned
subsidiary of Wells Fargo & Company.  Wells Fargo Bank is a national banking    
association and is engaged in a wide range of activities typical of a national  
bank.  Wells Fargo Bank, including its predecessors, has many years of          
experience in servicing residential mortgage loans, commercial mortgage loans,  
auto loans, home equity loans, credit card receivables and student loans.  Wells
Fargo Bank, including its predecessors, has been servicing residential mortgage 
loans since 1974.  These servicing activities, which include collections, loss  
mitigation, default reporting, bankruptcy, foreclosure and REO Property         
management, are handled at various Wells Fargo Bank locations including         
Frederick, Maryland, Fort Mill, South Carolina and other mortgage loan servicing
centers.  As of the date hereof, Wells Fargo Bank has not failed to make any    
required advance with respect to any issuance of residential mortgage backed    
securities.                                                                     

     Wells Fargo Bank's servicing portfolio of residential mortgage loans (which
includes First Lien Non-Conforming, Non-Subprime Loans as well as other types of
residential mortgage loans serviced by Wells Fargo Bank) has grown from         
approximately $450 billion as of the end of 2000 to approximately $1.005        
trillion as of the end of 2005.  The table below sets forth for each of the     
periods indicated the number and aggregate original principal balance of        
mortgage loans serviced by Wells Fargo Bank (other than any mortgage loans      
serviced for Fannie Mae, Freddie Mac and Federal Home Loan Banks; mortgage loans
insured or guaranteed by the Government National Mortgage Association, Federal  
Housing Administration or Department of Veterans Affairs; or mortgage loans with
respect to which Wells Fargo Bank has acquired the servicing rights, acts as    
subservicer, or acts as special servicer) for First Lien Non-Conforming,        
Non-Subprime Loans:                                                             

                                                        [Enlarge/Download Table]
                             As of                       As of                          As of                
                       December 31, 2003           December 31, 2004              December 31, 2005          
                                                                                                             
                                 Aggregate                     Aggregate                     Aggregate       
                                 Original                      Original                       Original       
                                 Principal                     Principal                     Principal       
                                 Balance of                    Balance of                    Balance of      
                    No. of         Loans         No. of         Loans           No. of        Loans          
                     Loans                       Loans                          Loans                        

First Lien                                                                                                   
Non-Conforming,                                                                                              
Non-Subprime Loans  472,694    $141,120,796,584  533,262      $171,086,652,776   635,091     $218,067,611,101


Servicing Procedures                                                        

    Shortly after the funding of a loan, various types of loan information are
loaded into Wells Fargo Bank's automated loan servicing system.  Wells Fargo    
Bank then makes reasonable efforts to collect all payments called for under the 
Mortgage Loan documents and will, consistent with the applicable servicing      
agreement and any pool insurance policy, primary mortgage insurance policy,     
bankruptcy bond or alternative arrangements, follow such collection procedures  
as are customary with respect to loans that are comparable to the Mortgage      
Loans.  Wells Fargo Bank may, in its discretion, (i) waive any assumption fee,  
late payment or other charge in connection with a Mortgage Loan and (ii) to the 
extent not inconsistent with the coverage of such Mortgage Loan by a pool       
insurance policy, primary mortgage insurance policy, bankruptcy bond or         
alternative arrangements, if applicable, waive, vary or modify any term of any  
Mortgage Loan or consent to the postponement of strict compliance with any such 
term or in any matter grant indulgence to any borrower, subject to the          
limitations set forth in the applicable servicing agreement.                    

Wells Fargo Bank's collections policy is designed to identify payment 
problems sufficiently early to permit Wells Fargo Bank to address such          
delinquency problems and, when necessary, to act to preserve equity in a pre-   
foreclosure Mortgaged Property.  Borrowers are billed on a monthly basis in     
advance of the due date. If a borrower attempts to use Wells Fargo Bank's Voice 
Response Unit ("VRU") to obtain loan information on or after a date on which a  
late charge is due, the VRU automatically transfers the call to the collection  
area. Collection procedures commence upon identification of a past due account  
by Wells Fargo Bank's automated servicing system. If timely payment is not      
received, Wells Fargo Bank's automated loan servicing system automatically      
places the Mortgage Loan in the assigned collection queue and collection        
procedures are generally initiated on the 16th day of delinquency. The account  
remains in the queue unless and until a payment is received, at which point     
Wells Fargo Bank's automated loan servicing system automatically removes the    
Mortgage Loan from that collection queue.                                       

When a Mortgage Loan appears in a collection queue, a collector will  
telephone to remind the borrower that a payment is due. Follow-up telephone     
contacts with the borrower are attempted until the account is current or other  
payment arrangements have been made. When contact is made with a delinquent     
borrower, collectors present such borrower with alternative payment methods,    
such as Western Union, Phone Pay and Quick Collect, in order to expedite        
payments.  Standard form letters are utilized when attempts to reach the        
borrower by telephone fail and/or in some circumstances, to supplement the      
phone contacts. Company collectors have computer access to telephone numbers,   
payment histories, loan information and all past collection notes. Wells Fargo  
Bank supplements the collectors' efforts with advanced technology such as       
predictive dialers and statistical behavioral software used to determine the    
optimal times to call a particular customer.  Additionally, collectors may      
attempt to mitigate losses through the use of behavioral or other models that   
are designed to assist in identifying workout options in the early stages of    
delinquency.  For those loans in which collection efforts have been exhausted   
without success, Wells Fargo Bank determines whether foreclosure proceedings are
appropriate.  The course of action elected with respect to a delinquent Mortgage
Loan generally will be guided by a number of factors, including the related     
borrower's payment history, ability and willingness to pay, the condition and   
occupancy of the Mortgaged Property, the amount of borrower equity in the       
Mortgaged Property and whether there are any junior liens.                      

  Regulations and practices regarding the liquidation of properties (e.g.,
foreclosure) and the rights of a borrower in default vary greatly from state to 
state. As such, all foreclosures are assigned to outside counsel, licensed to   
practice in the same state as the Mortgaged Property. Bankruptcies filed by     
borrowers are similarly assigned to appropriate local counsel.  Communication   
with foreclosure and bankruptcy attorneys is maintained through the use of a    
software program, thus reducing the need for phone calls and faxes and          
simultaneously creating a permanent record of communication.  Attorney timeline 
performance is managed using quarterly report cards.  The status of foreclosures
and bankruptcies is monitored by Wells Fargo Bank through its use of such       
software system.  Bankruptcy filing and release information is received         
electronically from a third-party notification vendor.                          

Prior to a foreclosure sale, Wells Fargo Bank performs a market value 
analysis. This analysis includes: (i) a current valuation of the Mortgaged      
Property obtained through a drive-by appraisal or broker's price opinion        
conducted by an independent appraiser and/or a broker from a network of real    
estate brokers, complete with a description of the condition of the Mortgaged   
Property, as well as other information such as recent price lists of comparable 
properties, recent closed comparables, estimated marketing time and required or 
suggested repairs, and an estimate of the sales price; (ii) an evaluation of the
amount owed, if any, for real estate taxes; and (iii) estimated carrying costs, 
brokers' fees, repair costs and other related costs associated with real estate 
owned properties. Wells Fargo Bank bases the amount it will bid at foreclosure  
sales on this analysis.                                                         

   If Wells Fargo Bank acquires title to a property at a foreclosure sale or
otherwise, it obtains an estimate of the sale price of the property and then    
hires one or more real estate brokers to begin marketing the property. If the   
Mortgaged Property is not vacant when acquired, local eviction attorneys are    
hired to commence eviction proceedings and/or negotiations are held with        
occupants in an attempt to get them to vacate without incurring the additional  
time and cost of eviction. Repairs are performed if it is determined that they  
will increase the net liquidation proceeds, taking into consideration the cost  
of repairs, the carrying costs during the repair period and the marketability of
the property both before and after the repairs.                                 

  Wells Fargo Bank's loan servicing software also tracks and maintains tax
and homeowners' insurance information and tax and insurance escrow information. 
Expiration reports are generated periodically listing all policies scheduled to 
expire. When policies lapse, a letter is automatically generated and issued     
advising the borrower of such lapse and notifying the borrower that Wells Fargo 
Bank will obtain lender-placed insurance at the borrower's expense.             

Section 9 - Financial Statements and Exhibits                                   

Item 9.01 - Financial Statements and Exhibits.                                  

Exhibits                                                                    

Exhibit Number       Description                          

         EX-99.1              Termination Agreement, dated as of December 1,
                            2006, by and between DB Structured Products,
                                Inc.("DBSP") and GMAC Mortgage, LLC as servicer.

      EX-99.2              Servicing Agreement dated as of December 1,
                              2006, by and between Wells Fargo Bank, N.A. as
                            Servicer, HSBC Bank USA, N.A. as trustee and
                            acknowledged and agreed to by Deutsche Alt-A
                             Securities, Inc., as depositor, DB Structured
                               Products, Inc., as seller and Wells Fargo Bank,
                      N.A. as master servicer and securities
administrator.  

SIGNATURES                                                                      

Pursuant to the requirements of the Securities Exchange Act of 1934, the        
registrant has duly caused this report to be signed on its behalf by the        
undersigned hereunto duly authorized.                                           

Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-AR4                
(Registrant)                                                                    

By:  Wells Fargo Bank, N.A. as Master Servicer                                  
By: /s/ Kelly Rentz                                                             
By: Kelly Rentz, Officer                                                        
Date: December 6, 2006                                                          

EXHIBIT INDEX                                                                   

Exhibit Number        Description                               

         EX-99.1              Termination Agreement, dated as of December 1,
                            2006, by and between DB Structured Products,
                                Inc.("DBSP") and GMAC Mortgage, LLC as servicer.

      EX-99.2              Servicing Agreement dated as of December 1,
                              2006, by and between Wells Fargo Bank, N.A. as
                            Servicer, HSBC Bank USA, N.A. as trustee and
                            acknowledged and agreed to by Deutsche Alt-A
                             Securities, Inc., as depositor, DB Structured
                               Products, Inc., as seller and Wells Fargo Bank,
                      N.A. as master servicer and securities
administrator.  

EX-99.1                                                                         

 TERMINATION AGREEMENT

        This TERMINATION AGREEMENT (this "Agreement"), dated as of December 1,
2006, is by and between DB Structured Products, Inc. ("DBSP") and GMAC Mortgage,
LLC (formerly GMAC Mortgage Corporation) (the "Servicer").                      

RECITALS

         WHEREAS, the Servicer is currently servicing the Subject Mortgage Loans
for the benefit of Deutsche Alt-A Securities Mortgage Loan Trust, Series        
2006-AR4 pursuant to the servicing agreement dated as of August 5, 2005 (the    
"GMAC Servicing Agreement") by and between DBSP and the Servicer and modified in
accordance with the terms of an assignment, assumption and recognition agreement
dated as of September 29, 2006, among DBSP as assignor, Deutsche Alt-A          
Securities, Inc., as assignee, and the Servicer and acknowledged and agreed to  
by the Wells Fargo Bank, N.A., as master servicer;                              

        WHEREAS, Section 6.01(b) of the GMAC Servicing Agreement provides that
the GMAC Servicing Agreement may be terminated by DBSP, at its sole option with 
respect to the Subject Mortgage Loans, without cause, in writing;               

      WHEREAS, DBSP desires to terminate the GMAC Servicing Agreement with
respect to the Subject Mortgage Loans;                                          

 NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements herein contained, the parties hereto do hereby agree as
follows:                                                                        

        Section 1. Defined Terms. All capitalized terms used in this Agreement
that are not defined herein are used with the meanings given to such terms in   
the GMAC Servicing Agreement. In addition, the following terms shall have the   
meanings specified below when used in this Agreement:                           

"Termination Effective Date" shall mean December 1, 2006.     

      "Subject Mortgage Loan" means a Mortgage Loan listed on Exhibit A to
this Agreement.                                                                 

   Section 2. Termination. DBSP hereby terminates the GMAC Servicing
Agreement, pursuant to Section 6.01(b) thereof, with respect to the Subject     
Mortgage Loans, effective as of the Termination Effective Date. DBSP and GMAC   
hereby agree that the terms of Section 6.01(b) shall apply to the termination of
the GMAC Servicing Agreement with respect to the Subject Mortgage Loans;        
provided that such Section, as it applies to such termination, is hereby        
modified by deleting the phrase "and Termination Fee" from the third and fourth 
sentences.                                                                      

       Section 3. Costs. Each party will pay all costs and expenses incurred
by it in connection with the negotiation and execution and delivery of this     
Agreement, including, without, limitation the fees, costs and expenses of its   
counsel.                                                                        

     Section 4. Governing law. This instrument shall be governed by, and
construed in accordance with, the laws of the State of New York, without        
reference to its conflict of laws provisions (other than Section 5-1401 of the  
New York General Obligations Law), and the obligations, rights and remedies of  
the parties hereunder shall be determined in accordance with such laws.         

     Section 5. Counterparts. This Agreement may be executed in separate
counterparts, each of which when so executed and delivered shall be an original 
for all purposes, but all such counterparts shall constitute but one and the    
same instrument.                                                                

      Section 6. Amendments. No term or provision of this Agreement may be
waived or modified unless such waiver or modification is in writing and signed  
by the party against whom such waiver or modification is sought to be enforced. 

        Section 7. Effectiveness. This Agreement shall become effective on the
Termination Effective Date after it has been duly executed and delivered by the 
parties hereto. This Agreement shall bind and inure to the benefit of the       
successors and assigns of the parties hereto.                                   

[Signature Page Follows]

(PAGE)                                                                          

        IN WITNESS WHEREOF, the parties hereto have each caused this Agreement
to be duly executed as of the day and year first above written.                 

                         DB STRUCTURED PRODUCTS, INC.,
  Seller

                   By: /s/ Ernie Calabrese
         Its: Director

                 By: /s/ Susan Valenti
         Its: Director

              GMAC MORTGAGE, LLC
    Servicer

                    By:/s/ Wesley B. Howland
                   Wesley B. Howland
               Its: Vice President

 [Signature Page to Termination Agreement]

(PAGE)                                                                          

 Exhibit A
Subject Mortgage Loans

EX-99.2                                                                         

 SERVICING AGREEMENT

         This Servicing Agreement (this "Agreement") is made and entered into as
of December 1, 2006 (the "Effective Date"), between Wells Fargo Bank, N.A.,     
having an address at 1 Home Campus, Des Moines, Iowa 50328-0001 (the "Servicer" 
or the "Company") and HSBC Bank USA, National Association, as trustee for the   
holders of the certificates issued by Deutsche Alt-A Securities Mortgage Loan   
Trust, Series 2006-AR4 (including its successors in interest and any successor  
trustee under the Pooling Agreement as defined below, the "Trustee") and        
acknowledged and agreed to by Deutsche Alt-A Securities, Inc. as depositor (the 
"Depositor"), DB Structured Products, Inc., as seller ("DBSP") and Wells Fargo  
Bank, N.A., as master servicer (the "Master Servicer") and as securities        
administrator (the "Securities Administrator").                                 

 W I T N E S S E T H

WHEREAS, the Depositor, the Master Servicer, the Securities   
Administrator, Clayton Fixed Income Services, Inc. as credit risk manager and   
the Trustee entered into the Pooling and Servicing Agreement (the "Pooling and  
Servicing Agreement"), dated as of September 1, 2006, relating to Deutsche Alt-A
Securities Mortgage Loan Trust, Series 2006-AR4, Mortgage Pass-Through          
Certificates and attached hereto as Attachment 1;                               

  WHEREAS, GMAC Mortgage, LLC (formerly GMAC Mortgage Corporation)
("GMACM") is currently servicing certain residential mortgage loans identified  
on the schedule annexed hereto as Attachment 2 (the "Serviced Loans"), until the
Effective Date for the benefit of the Trustee pursuant to the provisions of that
certain servicing agreement, dated as of August 5, 2005 between DBSP and the    
GMACM (the "GMACM Servicing Agreement") as modified in accordance with the terms
of assignment, assumption and recognition agreements, dated as of September 29, 
2006, among DBSP as assignor, the Depositor as assignee and GMACM, and          
acknowledged and agreed to by the Master Servicer;                              

         WHEREAS, pursuant to Section 6.2 of the GMACM Servicing Agreement, DBSP
has the right to transfer the servicing responsibilities of GMACM with respect  
to the Serviced Loans upon the satisfaction of certain conditions set forth in  
the GMACM Servicing Agreement;                                                  

         WHEREAS, pursuant to the termination agreement, dated as of December 1,
2006, by and between DBSP and GMACM, DBSP and GMACM agree, by mutual consent, to
terminate the GMACM Servicing Agreement, with respect to the Serviced Loans,    
effective as of the Effective Date.                                             

         WHEREAS, the Depositor and DBSP desire to effectuate the replacement of
GMACM as the Servicer with respect to the Serviced Loans;                       

      Therefore, in consideration of the mutual promises contained herein,
the parties hereto agree that the Servicer shall service the Serviced Loans, for
the benefit of the Trustee pursuant to the provisions of that certain Servicing 
Agreement, dated as of December 1, 2005, between DBSP and the Company (the      
"Servicing Agreement") as modified in accordance with the terms of this         
Agreement; provided that to the extent any mortgage loan identified on          
Attachment 2 is repurchased by the Company, such mortgage loan shall no longer  
be a "Serviced Loan" and shall no longer be subject to this Agreement.          

Defined Terms                                                                   

1.  Capitalized  terms used  herein  but not  defined  shall  have the  meanings
ascribed to them in the Servicing  Agreement or, with respect to such  undefined
terms in Section 6 herein, to the Pooling and Servicing Agreement.              

Appointment of Servicer                                                         

2. Each of the Depositor,  DBSP, the Master Servicer and the Trustee consents to
the appointment of the Servicer,  and hereby  designates Wells Fargo Bank, N.A.,
as Servicer of the Serviced  Loans from and after the Effective  Date.  Any fees
and expenses  incurred by the Master Servicer in connection with the appointment
of the Servicer shall be paid by DBSP.                                          

Representations, Warranties and Covenants                                       

3. The Servicer  warrants and represents to, and covenants  with, the Trustee as
of the Effective Date:                                                          

(a) Attached hereto as Attachment 3 is a true and accurate copy of the Servicing
Agreement,  which  Servicing  Agreement  is in full  force and  effect as of the
Effective Date and the provisions of which, except as set forth herein, have not
been  waived,  amended  or  modified  in any  respect,  nor  has any  notice  of
termination been given thereunder;                                              

(b) The Servicer is a national  banking  association,  duly  organized,  validly
existing and in good  standing  under the laws of the United  States of America,
and has all  requisite  power and  authority to service the  Serviced  Loans and
otherwise to perform its obligations under the Servicing Agreement,  as modified
by this Agreement;                                                              

(c) The  Servicer has full power and  authority to execute,  deliver and perform
its obligations  under this Agreement,  and to consummate the  transactions  set
forth  herein.  The  consummation  of  the  transactions  contemplated  by  this
Agreement  is in the  ordinary  course of the  Servicer's  business and will not
conflict  with,  or result  in a breach  of,  any of the  terms,  conditions  or
provisions of the Servicer's charter or by-laws or any legal restriction, or any
material  agreement  or  instrument  to which the  Servicer is now a party or by
which it is bound,  or result in the  violation  of any law,  rule,  regulation,
order,  judgment or decree to which the Servicer or its property is subject. The
execution,  delivery and  performance  by the Servicer of this Agreement and the
consummation  by it of the  transactions  contemplated  hereby,  have  been duly
authorized by all necessary  action on the part of the Servicer.  This Agreement
has  been  duly  executed  and  delivered  by the  Servicer,  and,  upon the due
authorization,  execution  and  delivery  by Trustee and Master  Servicer,  will
constitute the valid and legally binding obligation of the Servicer, enforceable
against the Servicer in accordance with its terms except as  enforceability  may
be  limited  by  bankruptcy,  reorganization,  insolvency,  moratorium  or other
similar laws  administered  by the FDIC  affecting the contract  obligations  of
insured  banks now or hereafter in effect,  and by general  principles of equity
regardless of whether  enforceability is considered in a proceeding in equity or
at law;                                                                         

(d) No consent,  approval, order or authorization of, or declaration,  filing or
registration with, any governmental entity is required to be obtained or made by
the Servicer in connection  with the  execution,  delivery or performance by the
Servicer  of  this  Agreement,  or the  consummation  by it of the  transactions
contemplated hereby;                                                            

(e) From and after the Effective  Date,  the Servicer shall service the Serviced
Loans in accordance with the terms and provisions of the Servicing Agreement, as
modified by this Agreement. The Servicer shall establish a Custodial Account and
an Escrow  Account  under the Servicing  Agreement  with respect to the Serviced
Loans  separate  from  the  Custodial  Account  and  Escrow  Account  previously
established under the Servicing  Agreement in favor of Trustee,  and shall remit
collections  received  on the  Serviced  Loans  to the  appropriate  account  as
required  by the  Servicing  Agreement.  The  Custodial  Account  and the Escrow
Account  each shall be entitled  "Wells  Fargo Bank,  National  Association,  as
servicer in trust for Deutsche  Alt-A  Securities  Mortgage  Loan Trust,  Series
2006-AR4" and shall be established and maintained  with a Qualified  Depository.
Any funds held in the Custodial Account are and shall remain uninvested.        

(f) There are no legal proceedings pending or threatened against the Servicer or
proceedings  known to be contemplated by  governmental  authorities  against the
Servicer  which in the judgment of the Servicer  would result,  in each case, in
any  material  adverse  change in the  ability of the  Servicer  to perform  its
obligations  under this  Agreement or the Servicing  Agreement.  The Servicer is
solvent;                                                                        

(g) Except as disclosed on Attachment 4 hereto,  there are no affiliations  with
nor any  relationships  or  transactions  of a type described in Item 1119(b) of
Regulation AB with respect to the Servicer and any of the following parties:    

 (1) DB Structured Products, Inc.;

    (2) Deutsche Alt-A Securities, Inc.;

                  (3) Deutsche Alt-A Securities Mortgage Loan Trust,
Series 2006-AR4;        

               (4) the Master Servicer (as master servicer and
  securities administrator);

(5) the Trustee; and            

            (6) Wells Fargo Bank, N.A. and Deutsche Bank
                 National Trust Company as custodians; and

(h) To make all the  representations  and warranties  regarding the Servicer set
forth in Section 3.01 of the Servicing  Agreement as of the  Effective  Date. No
other  document  need be prepared  indicating  that the  Servicer is making such
representations  and warranties as to the  applicable  Serviced Loans as of such
date.                                                                           

Recognition of Trustee.                                                         

4. The  Servicer  recognizes  the Trustee as owner of the  Serviced  Loans,  and
acknowledges that the Serviced Loans are part of a REMIC, and from and after the
Effective Date, will service the Serviced Loans in accordance with the Servicing
Agreement, as modified by this Agreement, but in no event in a manner that would
(i)  cause  any  REMIC  to fail to  qualify  as a REMIC  or (ii)  result  in the
imposition  of a tax upon any REMIC  (including  but not  limited  to the tax on
prohibited transactions as defined in Section 860F(a)(2) of the Internal Revenue
Code of 1986 (the "Code") and the tax on  contributions  to a REMIC set forth in
Section  860G(d) of the  Code).  It is the  intention  of the  Servicer  and the
Trustee  that this  Agreement  shall be binding  upon and for the benefit of the
respective  successors and assigns of the parties hereto. The Servicer shall not
amend or agree to amend,  modify,  waive, or otherwise alter any of the terms or
provisions of the Servicing Agreement which amendment,  modification,  waiver or
other  alteration  would in any way affect the Serviced  Loans without the prior
written consent of the Trustee.                                                 

5. The Servicer  hereby  acknowledges  that the Trustee,  acting pursuant to the
terms of the  Pooling  and  Servicing  Agreement,  has the right to enforce  all
obligations  of the Servicer,  as they relate to the Serviced  Loans,  under the
Servicing Agreement.  Such right will include, without limitation,  the right to
indemnification,  the  right to  terminate  the  Servicer  under  the  Servicing
Agreement upon the occurrence of an Event of Default thereunder and the right to
exercise certain rights of consent and approval relating to actions taken by the
Servicer under the Servicing Agreement.  In addition,  any notice required to be
given by the "Owner" pursuant to Section 10.01 of the Servicing  Agreement shall
be given by the Trustee.  The Servicer further acknowledges that pursuant to the
terms of the Pooling and Servicing Agreement, the Master Servicer is required to
monitor the  performance  of the Servicer  under the  Servicing  Agreement.  The
Master Servicer shall have the right to receive all  remittances  required to be
made by the Servicer  under the  Servicing  Agreement,  the right to receive all
monthly  reports and other data  required to be delivered by the Servicer  under
the  Servicing  Agreement,  the right to  examine  the books and  records of the
Servicer under the Servicing  Agreement and the right to  indemnification  under
the Servicing  Agreement.  In addition,  if the Servicer shall fail to remit any
payment  pursuant to the Servicing  Agreement,  the Master Servicer shall notify
the Trustee and the Trustee  shall  notify the  Servicer of such  failure as set
forth in Section 10.01 of the Servicing Agreement. The Servicer hereby agrees to
make all  remittances  required  under the  Servicing  Agreement  to the  Master
Servicer  for the  benefit  of the  Certificateholders  in  accordance  with the
following wire instructions:                                                    

Wells Fargo Bank, N.A.                      
ABA Number: 121000248                       
Account Name: SAS Clearing                  
Account Number: 3970771416                  
                  For further credit to: DBALT 2006-AR4 Account Number 50948200.

         The Servicer shall deliver all reports required to be
delivered under the Servicing Agreement to the Master Servicer at its address   
set forth in Section 8 herein.                                                  

6. In the event  that DBSP  substitutes  any  Deleted  Mortgage  Loans  with any
Qualified  Substitute  Mortgage Loans in the manner set forth in the Pooling and
Servicing Agreement,  the Servicer shall determine the amount (the "Substitution
Shortfall  Amount"),  if any, by which the aggregate  purchase price of all such
Deleted  Mortgage  Loans  exceeds the  aggregate  of, as to each such  Qualified
Substitute  Mortgage Loan, (x) the scheduled principal balance thereof as of the
date of  substitution,  together  with one month's  interest  on such  scheduled
principal   balance  at  the  applicable   Mortgage  Interest  Rate  (minus  the
Administration  Fee Rate (as defined below)),  plus (y) all outstanding  Monthly
Advances and Servicing Advances (including  nonrecoverable  Monthly Advances and
nonrecoverable  Servicing  Advances)  related  thereto.  On  the  date  of  such
substitution,  DBSP will  deliver or cause to be  delivered  to the Servicer for
deposit in the Custodial  Account an amount equal to the Substitution  Shortfall
Amount, if any, and the Servicer shall certify in writing to the Trustee that it
has received such  Substitution  Shortfall  Amount from DBSP. The Servicer shall
remit such Substitution Shortfall Amount to the securities  administrator on the
next  succeeding  Servicer  Remittance  Date.  As  used  in  this  Section,  the
"Administration  Fee Rate" means the sum of the rates used to calculate the fees
payable to the Servicer and the Master  Servicer under the Pooling and Servicing
Agreement.                                                                      

Modification of the Servicing Agreement                                         

7. Only insofar as it relates to the Serviced  Loans,  the parties hereto hereby
amend the Servicing Agreement as follows:                                       

(a) The following definitions are added to Article I of the Servicing Agreement:

"Determination Date": With respect to any Servicer Remittance Date, the Business
Day immediately preceding such Servicer Remittance Date.                        

"Distribution  Date":  The 25th day of any  month,  or if such 25th day is not a
Business Day, the Business Day immediately  following such 25th day,  commencing
in December 2006.                                                               

"Due Period": With respect to each Remittance Date, the period commencing on the
second day of the month preceding the month of the Remittance Date and ending on
the first day of the month of the Remittance Date.                              

"Monthly  Advance":  The portion of each Monthly Payment that is delinquent with
respect to each Mortgage Loan at the close of business on the Determination Date
required to be advanced by the Servicer pursuant to Section 5.03 on the Business
Day immediately preceding the Remittance Date of the related month.             

"Rating  Agencies":  Moody's  Investors  Services,  Inc.  and  Standard & Poor's
Ratings Services, or their successors.  If such agencies or their successors are
no longer in existence,  "Rating  Agencies" shall be such nationally  recognized
statistical  rating  agencies,  or other comparable  Persons,  designated by the
Depositor, notice of which designation shall be given to the Trustee.           

"Securities  Administrator":  Wells  Fargo  Bank,  National  Association  or any
successor thereto.                                                              

"Third-Party  Originator":  Each Person,  other than a Qualified  Correspondent,
that originated Mortgage Loans acquired by the Seller.                          

"Trust": Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-AR4.        

"Trustee":  HSBC Bank USA, National  Association a national banking association,
or its successor in interest, or any successor trustee.                         

(b) The definition of "Business Day" is modified by replacing clause (ii) with  
the following:                                                                  

"(ii) a day on which banking institutions in the State of New York, the State of
Maryland,  the State of Iowa, the State of  California,  the State of Minnesota,
the State in which any  Corporate  Trust  Office of the  Trustee is located  are
authorized or obligated by law or executive order to be closed."                

(c) The definition of "Depositor" is hereby deleted in its entirety and replaced
with the following:                                                             

"Depositor": Deutsche Alt-A Securities, Inc.                                    

(d) The definition of "First Remittance Date" is deleted in its entirety.       

(e) The  definition of "Master  Servicer" is hereby  deleted in its entirety and
replaced with the following:                                                    

"Master   Servicer":   Wells  Fargo  Bank,   N.A.  or  any  successor   thereto.

(f) The  definition of "Principal  Prepayment  Period" is hereby  deleted in its
entirety and replaced with the following:                                       

"Principal Prepayment Period": With respect to any Distribution Date, the period
commencing on the 14th day of the calendar month preceding the calendar month in
which such  Distribution  Date occurs and ending on the 13th day of the calendar
month in which the related Distribution Date occurs.                            

(g) All references to "Monthly Accounting Cut-Off Date" are hereby replaced with
"Determination Date".                                                           

(h) The definition of "Opinion of Counsel" is hereby deleted in its entirety and
replaced with the following:                                                    

"Opinion of Counsel": A written opinion of counsel, who may, without limitation,
be  salaried   counsel  for  the   Depositor,   the  Servicer,   the  Securities
Administrator or the Master Servicer, acceptable to the Trustee, except that any
opinion of counsel relating to (a) the  qualification of any REMIC as a REMIC or
(b)  compliance  with the REMIC  Provisions  must be an opinion  of  independent
counsel;  provided,  however,  any Opinion of Counsel  provided by the  Servicer
pursuant to clause (b) above may be provided by internal counsel;  provided that
the delivery of such Opinion of Counsel  shall not release the Servicer from any
of its  obligations  hereunder and the Servicer  shall be  responsible  for such
contemplated actions or inaction, as the case may be, to the extent it conflicts
with the terms of this Agreement.                                               

(i) The  definition of "Qualified  Depository" is hereby amended by deleting the
word "or" following the words "Standard & Poor's Ratings Services" and replacing
it with "and".                                                                  

(j) The  following  language  is added to the end of the  definition  of  "REMIC
Provisions": "as well as provisions of applicable state laws".                  

(k) The  definition of  "Remittance  Date" is hereby deleted in its entirety and
replaced with the following:                                                    

"Servicer  Remittance Date: With respect to any Distribution  Date, the 18th day
of the month in which such Distribution Date occurs;  provided that if such 18th
day of a given month is not a Business  Day,  the Servicer  Remittance  Date for
such month shall be the Business Day immediately preceding such 18th day."      

All  references  to  "Remittance  Date" set forth in this  Agreement  are hereby
replaced with "Servicer Remittance Date".                                       

(l) The  definition  of  "Servicing  Advances"  is hereby  amended by adding the
following  language after the phrase "including  reasonable  attorney's fees and
disbursements":  "but excluding any fees associated with the registration of any
Mortgage Loan on the MERS System as required under Section 4.01".               

(m) The definition of "Servicing Fee Rate" is hereby deleted in its entirety and
replaced with the following:                                                    

"Servicing  Fee Rate:  With respect to each  Mortgage  Loan,  the per annum rate
specified per Mortgage Loan on the Mortgage Loan Schedule."                     

(n) Section 4.01 is modified by adding the  following  to the first  sentence in
the second paragraph after the words "future advances":                         

", other than Servicing Advances,"                                              

(o) Section 4.01 is modified by adding the  following to the second  sentence in
the second paragraph before the parenthetical:                                  

", reduce or increase the outstanding principal balance"                        

(p) Section 4.01 is modified by adding the  following  to the second  paragraph,
after the third sentence:                                                       

In the event of any such modification  which permits the deferral of interest or
principal payments on any Mortgage Loan, the Servicer shall, on the Business Day
immediately  preceding  the  Remittance  Date in any  month  in  which  any such
principal  or  interest  payment  has been  deferred,  deposit in the  Custodial
Account from its own funds,  in  accordance  with Section 5.03,  the  difference
between (a) such month's principal and one month's interest at the Mortgage Loan
Remittance  Rate on the unpaid  principal  balance of such Mortgage Loan and (b)
the amount paid by the Mortgagor.                                               

(q) Section  4.01 is modified by deleting the last  paragraph  from such section
and replacing it with the following:  "Notwithstanding  anything to the contrary
contained herein, the Servicer shall not waive a Prepayment Penalty except under
the  following  circumstances:  (i) such waiver is  standard  and  customary  in
servicing  similar  Mortgage  Loans and such  waiver is  related to a default or
reasonably  foreseeable  default and would,  in the  reasonable  judgment of the
Servicer,  maximize  recovery of total proceeds taking into account the value of
such  Prepayment  Penalty and the related  Mortgage  Loan and, if such waiver is
made in  connection  with a  refinancing  of the  related  Mortgage  Loan,  such
refinancing is related to a default or a reasonably  foreseeable  default,  (ii)
such Prepayment  Penalty is  unenforceable  in accordance with applicable law or
the  collection  of such related  Prepayment  Penalty  would  otherwise  violate
applicable  law or (iii) the  collection  of such  Prepayment  Penalty  would be
considered  "predatory"  pursuant to written guidance published or issued by any
applicable federal,  state or local regulatory  authority acting in its official
capacity and having  jurisdiction  over such matters.  In the event the Servicer
waives any  Prepayment  Penalty,  other than as set forth in (i), (ii) and (iii)
above,  the Servicer shall deposit the amount of any such Prepayment  Penalty in
the  Custodial  Account  for  distribution  to the Owner on the next  Remittance
Date."                                                                          

(r) Section  4.04 (vi) is modified by adding after the word  "Sections",  "4.01,
5.03".                                                                          

(s) Section  4.04 is also  modified  by deleting  the "and" at the end of clause
(viii),  deleting  the "." at the end of clause (ix) and adding a "," and adding
the following clause:  "(x) with respect to each Principal  Prepayment an amount
(to be paid by the Servicer out of its funds)  which,  when added to all amounts
allocable to interest  received in  connection  with the  Principal  Prepayment,
equals  one  month's  interest  on the  amount of  principal  so  prepaid at the
Mortgage Loan Remittance Rate;                                                  

(t) Section  4.05 is  modified  by deleting  the word "and" at the end of clause
(ix),  deleting  the "." at the end of clause  (x) and adding ";" and adding the
following  clauses:   "(xi)  to  reimburse  itself  for  expenses  incurred  and
reimbursable  to it pursuant to the fees paid to MERS under  Section  4.01;  and
(xii)  to  reimburse  itself  for  any  Monthly  Advance  or  Servicing  Advance
previously  made by it which the Servicer has determined to be a  nonrecoverable
Monthly  Advance or a  nonrecoverable  Servicing  Advance,  as  evidenced by the
delivery to the Master  Servicer of a certificate  signed by two officers of the
Servicer".                                                                      

(u) Section 4.16 is modified by deleting the "." from the first  sentence in the
second  paragraph  and adding the  following:  "in a manner which does not cause
such REO  Property  to fail to  qualify  as  "foreclosure  property"  within the
meaning of Section  860G(a)(8) of the Code or result in the receipt by any Trust
REMIC created  hereunder of any "income from  non-permitted  assets"  within the
meaning  of  Section  860F(a)(2)(B)  of  the  Code,  or  any  "net  income  from
foreclosure property" which is subject to taxation under the REMIC Provisions." 

(v) Section  4.16 is further  modified by deleting the first  sentence  from the
third paragraph and replacing it with the following: "The Servicer, shall either
sell any REO  Property by the close of the third  calendar  year  following  the
calendar  year in which the Trust  acquires  ownership  of such REO Property for
purposes of Section  860(a)(8) of the Code or request from the Internal  Revenue
Service,  no later  than 60 days  before the day on which the  three-year  grace
period  would  otherwise  expire an extension of the  three-year  grace  period,
unless the  Servicer  had  delivered  to the Trustee and the Master  Servicer an
Opinion of  Counsel,  addressed  to the  Trustee,  the Master  Servicer  and the
Depositor,  to the effect  that the  holding  by the Trust of such REO  Property
subsequent  to  three  years  after  its  acquisition  will  not  result  in the
imposition  on any  Trust  REMIC  created  hereunder  of  taxes  on  "prohibited
transactions"  thereof,  as defined in  Section  860F of the Code,  or cause any
Trust REMIC  hereunder  to fail to qualify as a REMIC  under  Federal law at any
time that any Certificates issued by the Trust are outstanding."                

(w)  Section   4.24(a)  is  modified  by   inserting  ",   9.01(e)(vii)"   after
"9.01(e)(vi)".                                                                  

(x) The last  paragraph of Section 4.24 is modified by inserting  the words "and
the  other  certifications"  after  the  words  "assessment  of  compliance  and
attestation".                                                                   

(y) The first  paragraph of Section 5.01 is deleted in its entirety and replaced
with the following:  "On each  Remittance  Date the Servicer shall remit by wire
transfer of immediately  available funds to the Owner (a) all amounts  deposited
in the Custodial Account as of the close of business on the  Determination  Date
(net of charges against or withdrawals  from the Custodial  Account  pursuant to
Section 4.05), plus (b) all amounts,  if any, which the Servicer is obligated to
distribute  pursuant  to Section  5.03,  minus (c) any amounts  attributable  to
Principal  Prepayments received after the applicable Principal Prepayment Period
which amounts shall be remitted on the following  Remittance Date, together with
any  additional  interest  required to be deposited in the Custodial  Account in
connection with such Principal Prepayment in accordance with Section 4.04(viii);
and minus (d) any amounts  attributable to Monthly Payments collected but due on
a Due Date or Dates  subsequent to the first day of the month of the  Remittance
Date."                                                                          

(z) The second paragraph of Section 5.01 of the Servicing  Agreement is modified
by deleting  from the first  sentence  therein the words  "second  Business  Day
following  the" and by  deleting  the word  "second"  from the  second  sentence
therein.                                                                        

(aa) Section 5.02 is deleted in its entirety and replaced with the following:   

"No later than the tenth (10th) calendar day (or if such tenth (10th) day is not
a Business Day, the first Business Day  immediately  preceding such tenth (10th)
day) of each month,  Servicer  shall  furnish to the Master  Servicer a computer
tape or data file  containing  the data specified in Exhibit D, which data shall
reflect  information  from the Due Period  immediately  preceding  the  Servicer
Remittance Date and such other information with respect to the Mortgage Loans as
the Master Servicer may reasonably require to allocate remittances made pursuant
to this  Agreement  and  provide  appropriate  statements  with  respect to such
remittances.                                                                    

No later  than the tenth  (10th)  calendar  day (or if such  tenth (10th) day is
not a Business Day, the first Business Day  immediately  preceding such tenth   
(10th) day) of each month,  the Servicer  shall deliver to the Master Servicer  
by  electronic  mail (or by such other means as the  Servicer  and the Master   
Servicer may agree from time to time) a prepayment report with respect to the   
related  Servicer  Remittance  Date  (which may be  included as part of the     
computer tape or data file described in the  immediately  preceding  paragraph).
Such prepayment report shall include such information with respect to Prepayment
Penalties  as the  Master  Servicer  may  reasonable  require in order for it to
perform  its  prepayment  verification  duties  and to issue its  findings  in a
verification  report (the  "Verification  Report").  The Master  Servicer  shall
forward the Verification Report to the Servicer and shall notify the Servicer if
the Master  Servicer  has  determined  that the  Servicer  did not  deliver  the
appropriate  Prepayment Penalties to the Securities  Administrator in accordance
with the this Agreement.  If the Servicer agrees with the verified amounts,  the
Servicer  shall  adjust the  immediately  succeeding  remittance  report and the
amount  remitted to the  Securities  Administrator  with respect to  prepayments
accordingly.  If the Servicer  disagrees  with the  determination  of the Master
Servicer,  the Servicer  shall,  within five (5) Business Days of its receipt of
the  Verification  Report,  notify the Master Servicer of such  disagreement and
provide the Master  Servicer with detailed  information to support its position.
The Servicer and the Master  Servicer shall cooperate to resolve any discrepancy
on or prior to the  immediately  succeeding  Servicer  Remittance  Date, and the
Servicer will indicate the effect of such  resolution on the related  remittance
report and shall adjust the amount  remitted with respect to prepayments on such
Servicer  Remittance Date accordingly.  During such time as the Servicer and the
Master  Servicer are  resolving  discrepancies  with  respect to the  Prepayment
Penalties,  no payments in respect of any disputed Prepayment  Penalties will be
remitted to the Securities Administrator for deposit in the related distribution
account  established  under the Pooling and Servicing  Agreement.  In connection
with  its  duties,  the  Master  Servicer  shall be able to rely  solely  on the
information  provided to it by the Servicer in accordance  with this  Agreement.
The Master  Servicer shall not be responsible  for verifying the accuracy of any
of the information provided to it by the Servicer."                             

(bb) Section 5.03 "Reserved" is replaced with the following:                    

Monthly  Advances by Servicer.  On the Business Day  immediately  preceding each
Remittance  Date, the Servicer  shall deposit in the Custodial  Account from its
own funds or from  amounts held for future  distribution  an amount equal to all
Monthly  Payments (with interest  adjusted to the Mortgage Loan Remittance Rate)
which were due on the Mortgage  Loans during the applicable Due Period and which
were  delinquent  at  the  close  of  business  on  the  immediately   preceding
Determination  Date or which were deferred pursuant to Section 4.01. Any amounts
held for future  distribution  and so used shall be replaced by the  Servicer by
deposit in the  Custodial  Account on or before  any future  Remittance  Date if
funds in the  Custodial  Account  on such  Remittance  Date  shall be less  than
payments  to the  Owner  required  to be  made  on  such  Remittance  Date.  The
Servicer's obligation to make such Monthly Advances as to any Mortgage Loan will
continue  through the last  Monthly  Payment due prior to the payment in full of
the Mortgage Loan, or through the last  Remittance  Date prior to the Remittance
Date for the  distribution  of all  Liquidation  Proceeds and other  payments or
recoveries   (including  REO  Disposition   Proceeds,   Insurance  Proceeds  and
Condemnation  Proceeds)  with respect to the Mortgage Loan;  provided,  however,
that  such  obligation  shall  cease  if the  Servicer  determines,  in its sole
reasonable  opinion,  that  advances  with  respect  to such  Mortgage  Loan are
non-recoverable  by the Servicer  from  Liquidation  Proceeds,  REO  Disposition
Proceeds,  Insurance Proceeds,  Condemnation Proceeds, or otherwise with respect
to a particular  Mortgage Loan. In the event that the Servicer  determines  that
any such advances are non-recoverable, the Servicer shall provide the Owner with
a  certificate   signed  by  two  officers  of  the  Servicer   evidencing  such
determination.                                                                  

(cc) The first  paragraph of Section 6.02 is modified by deleting the words "and
may request the release of any  Mortgage  Loan  Documents"  and adding the words
"and may request  that the Owner or its  designee  release the related  Mortgage
Loan Documents" in the last line of such paragraph.                             

(dd) The second  paragraph  of Section  6.02 is modified  by deleting  the first
sentence in its entirety and replacing it with the following:                   

"If the Servicer  satisfies or releases the lien of the Mortgage  without  first
having  obtained  payment in full of the  indebtedness  secured by the  Mortgage
(other  than as a result of a  modification  of the  Mortgage  pursuant  to this
Agreement or a liquidation  of the Mortgaged  Property  pursuant to the terms of
this Agreement) or should the Servicer otherwise  prejudice any rights the Owner
may have under the mortgage  instruments,  upon written demand of the Owner, the
Servicer shall indemnify the Owner for all related losses"                      

(ee) Section 6.04(i) and the number "(ii)" are deleted in their entirety.       

(ff)  Section 6.04 is modified by replacing  each  reference to (i) "Owner,  any
master Servicer and any Depositor" or (ii) "Owner, such master Servicer and such
Depositor" therein with the words "Master Servicer".                            

(gg) Section 6.05 is deleted in its entirety.                                   

(hh)  Section 6.06 is modified by replacing  each  reference to (i) "Owner,  any
master Servicer and any Depositor" or (ii) "Owner, such master Servicer and such
Depositor" therein with the words "Master Servicer".                            

(ii) Section  6.06(i) is modified by inserting a quotation  mark after the words
"Applicable Servicing Criteria".                                                

(jj)  Section  6.06(iv)  is modified  by  inserting  the words ", and cause each
Subservicer and Subcontractor described in clause (iii) above to provide," after
the word "deliver".                                                             

(kk)  Section  6.06(iv)  is  modified  by  inserting  the words ", signed by the
appropriate  officer of the  Servicer,  the related  Subservicer  or the related
Subcontractor, as applicable," after the words "a certification".               

(ll)  Section  6.06 is  modified by adding the  following  new  paragraph  after
subpart (iv):                                                                   

"The Servicer  acknowledges that the parties identified in clause (iv) above may
rely on the  certification  provided by the Servicer  pursuant to such clause in
signing a Sarbanes Certification and filing such with the Commission."          

(mm) Section 6.07(i) is modified by inserting the words "(and if the Servicer is
servicing any of the Mortgage Loans in a Securitization  Transaction,  appoint a
successor  servicer  reasonably  acceptable  to any  Master  Servicer  for  such
Securitization Transaction)" after the words "any compensation to the Servicer".

(nn) The following paragraph is added to Section 6.09:                          

"The  Servicer  shall not permit the  creation  of any  "interests"  (within the
meaning of Section 860G of the Code) in any REMIC.  The Servicer shall not enter
into any  arrangement by which a REMIC will receive a fee or other  compensation
for  services  nor permit a REMIC to receive any income  from assets  other than
"qualified mortgages" as defined in Section 860G(a)(3) of the Code or "permitted
investments" as defined in Section 860G(a)(5) of the Code."                     

(oo)  The  first  paragraph  of  9.01(e)  is  modified  by  deleting  the  words
"paragraphs (i), (iii) and (vii)" and replacing such words with "paragraphs (i),
(iii) and (viii)".                                                              

(pp) The first line of Section  9.01(e)(iv)  is modified  by  deleting  the word
"its" and replacing such word with "the".                                       

(qq)  Section  9.01(e)(iv)  is modified by  inserting  the words "(or cause each
Subservicer to)" after the words "the Servicer shall".                          

(rr) Section  9.01(e)(vii)  is modified by deleting such section in its entirety
and replacing it with the following:                                            

"(vii)  In  addition  to such  information  as the  Servicer,  as  servicer,  is
obligated to provided pursuant to other provisions of this Agreement,  not later
than ten days prior to the deadline for the filing of any distribution report on
Form 10-D in respect of any Securitization  Transaction that includes any of the
Mortgage Loans serviced by the Servicer or any Subservicer, the Servicer or such
Subservicer,  as  applicable,   shall,  to  the  extent  the  Servicer  or  such
Subservicer  has knowledge,  provided to the party  responsible  for filing such
report (including, if applicable,  the Master Servicer) notice of the occurrence
of any of the following events along with all  information,  data, and materials
related  thereto as may be required  to be included in the related  distribution
report on Form 10-D (as specified in the  provisions of Regulation AB referenced
below):                                                                         

                   (A) any material modifications, extensions or waivers of pool
                 asset terms, fees, penalties or payments during the
                      distribution period (Item 1121(a)(11) of Regulation AB);

            (B) material breaches of pool asset representations or
                      warranties or transaction covenants (Item 1221(a)(12) of
Regulation AB); and               

           (C) information regarding new asset-backed securities
                      issuances backed by the same pool assets, any pool asset
           changes (such as, additions, substitutions or
                    repurchases), and any material changes in origination,
               underwriting or other criteria for acquisition or
                      selection of pool assets (Item 1221(a)(14) of Regulation
AB).                              

(viii) The  Servicer  shall  provide to the Owner,  any Master  Servicer and any
Depositor, evidence of the authorization of the person signing any certification
or statement, copies or other evidence of Fidelity Bond Insurance and Errors and
Omission  Insurance policy,  financial  information and reports,  and such other
information  related to the Servicer or any  Subservicer or the Servicer or such
Subservicer or the Servicer or such Subservicer's performance hereunder."       

(ss) Section  10.01(ii) is modified by inserting  the words  "(other than as set
forth in Section 6.07)" after the words "set forth in this Agreement".          

(tt) Section 10.01(ix) is modified by deleting such section in its entirety.    

(uu) [Reserved]                                                                 

(vv) Exhibit D is modified to include the  information set forth on Attachment 5
hereto or in such other  mutually  agreeable  format  agreed  upon  between  the
Servicer and the Master Servicer.                                               

(ww)  Exhibit H is  modified  by  deleting  such  exhibit  in its  entirety  and
replacing it with Attachment 6 attached hereto.                                 

Miscellaneous                                                                   

8. All demands,  notices and  communications  related to the Serviced Loans, the
Servicing  Agreement and this Agreement  shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by registered mail,
postage prepaid, as follows:                                                    

(a) In the case of the Servicer,                                                

Wells Fargo Bank, N.A.                      
1 Home Campus                               
Des Moines, Iowa 50328-0001                 
Attention: General Counsel- MAC X2401-06T   

(b) In the case of the Master Servicer,                                         

Wells Fargo Bank, N.A.                      
9062 Old Annapolis Road                     
Columbia, Maryland  21045                   
Attention: Client Manager - DBALT 2006 - AR4
Telecopier: (410) 715-2380                  

(c) In the case of the Trustee,                                                 

HSBC Bank USA, National Association         
452 Fifth Avenue                            
New York, New York 10018                    
             Attention: Deutsche Alt-A Securities Mortgage Loan Trust,
Series 2006-AR4                             

9. Each party will pay any commissions,  fees and expenses, including attorney's
fees, it has incurred in connection with the  negotiations  for,  documenting of
and closing of the transactions contemplated by this Agreement.                 

10. This Agreement  shall be construed in accordance  with the laws of the State
of New York,  without regard to conflicts of law principles  (other than Section
5-1401 of the General Obligations Law), and the obligations, rights and remedies
of the parties hereunder shall be determined in accordance with such laws.      

11. No term or provision of this Agreement may be waived or modified unless such
waiver or  modification  is in writing and signed by the party against whom such
waiver or modification is sought to be enforced.                                

12. This  Agreement  shall inure to the benefit of the successors and assigns of
the parties  hereto.  Any entity into which Servicer or Trustee may be merged or
consolidated  shall,  without the requirement for any further writing, be deemed
Servicer or Trustee, respectively, hereunder.                                   

13. This Agreement may be executed simultaneously in any number of counterparts.
Each  counterpart  shall be deemed to be an original  and all such  counterparts
shall constitute one and the same instrument.                                   

14.  In the  event  that any  provision  of this  Agreement  conflicts  with any
provision of the Servicing  Agreement  with respect to the Serviced  Loans,  the
terms of this Agreement shall control.                                          

15. For purposes of this  Agreement,  the Master  Servicer shall be considered a
third  party  beneficiary  to this  Agreement  entitled  to all the  rights  and
benefits accruing to the Master Servicer, herein as if it were a direct party to
this Agreement.                                                                 

(PAGE)                                                                          

        IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.                                        

WELLS FARGO BANK, N.A.
Servicer              

 By: /s/ Laurie McGoogan
Name: Laurie McGoogan 
Title: Vce President  

             HSBC BANK USA, NATIONAL ASSOCIATION
                           Trustee  for the  holders of the  Deutsche  Alt-A
                          Securities  Mortgage Loan Trust, Series 2006-AR4
            Mortgage Pass-Through Certificates

  By: /s/ Fernando Acebedo
Name: Fernando Acebedo
Title: Vice President 

(PAGE)                                                                          

ACKNOWLEDGED AND AGREED TO:                                                     

DEUTSCHE ALT-A SECURITIES, INC.                                                 
Depositor                                                                       

By:  /s/ Ernie Calabrese                                                        
Name: Ernie Calabrese                                                           
Title: Director                                                                 

By: /s/ Susan Valenti                                                           
Name: Susan Valenti                                                             
Title: Director                                                                 

DB STRUCTURED PRODUCTS, INC.                                                    
Seller                                                                          

By: /s/ Ernie Calabrese                                                         
Name: Ernie Calabrese                                                           
Title: Director                                                                 

By: /s/ Susan Valenti                                                           
Name: Susan Valenti                                                             
Title: Director                                                                 

WELLS FARGO BANK, N.A.                                                          
Master Servicer and Securities Administrator                                    

By: /s/ Kristen Ann Cronin                                                      
Name: Kristen Ann Cronin                                                        
Title: Vice President                                                           

(PAGE)                                                                          

ATTACHMENT 1

 POOLING AND SERVICING AGREEMENT

 [On File with McKee Nelson LLP]

(PAGE)                                                                          

ATTACHMENT 2

SERVICED LOANS

 [ON FILE WITH DBSP]

(PAGE)                                                                          

ATTACHMENT 3

 SERVICING AGREEMENT

 [ON FILE WITH MCKEE NELSON LLP]

(PAGE)                                                                          

ATTACHMENT 4

AFFILIATIONS

The Servicer is affiliated with the Master  Servicer,  Securities  Administrator
and a custodian for this transaction.                                           

(PAGE)                                                                          

ATTACHMENT 5

NEW EXHIBIT D TO THE SERVICING AGREEMENT

STANDARD FILE LAYOUT- MASTER SERVICING

 Exhibit D-1:Standard File Layout - Master Servicing

                                                        [Enlarge/Download Table]
                                                                                                                                    
------------------------ -------------------------------------------------- --------- --------------------------------------------- 
Column Name                   Description                                     Decimal Format Comment                        Max Size
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SER_INVESTOR_NBR         A value  assigned by the Servicer to define a group          Text up to 10 digits                      20  
                         of loans.                                                                                                  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
LOAN_NBR                 A unique  identifier  assigned  to each loan by the          Text up to 10 digits                      10  
                         investor.                                                                                                  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERVICER_LOAN_NBR        A  unique   number   assigned  to  a  loan  by  the          Text up to 10 digits                      10  
                         Servicer.  This may be different than the LOAN_NBR.                                                        
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
BORROWER_NAME            The  borrower  name as received in the file.  It is          Maximum length of 30 (Last, First)        30  
                         not separated by first and last name.                                                                      
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SCHED_PAY_AMT            Scheduled monthly principal and scheduled  interest     2    No commas(,) or dollar signs ($)          11  
                         payment  that a borrower is  expected  to pay,  P&I                                                        
                         constant.                                                                                                  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
NOTE_INT_RATE            The loan interest rate as reported by the Servicer.     4    Max length of 6                            6  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
NET_INT_RATE             The loan gross  interest  rate less the service fee     4    Max length of 6                            6  
                         rate as reported by the Servicer.                                                                          
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERV_FEE_RATE            The  servicer's  fee rate for a loan as reported by     4    Max length of 6                            6  
                         the Servicer.                                                                                              
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERV_FEE_AMT             The  servicer's  fee amount for a loan as  reported     2    No commas(,) or dollar signs ($)          11  
                         by the Servicer.                                                                                           
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
NEW_PAY_AMT              The new loan  payment  amount  as  reported  by the     2    No commas(,) or dollar signs ($)          11  
                         Servicer.                                                                                                  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
NEW_LOAN_RATE            The new loan rate as reported by the Servicer.          4    Max length of 6                            6  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
ARM_INDEX_RATE           The  index the  Servicer  is using to  calculate  a     4    Max length of 6                            6  
                         forecasted rate.                                                                                           
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
ACTL_BEG_PRIN_BAL        The  borrower's  actual  principal  balance  at the     2    No commas(,) or dollar signs ($)          11  
                         beginning of the processing cycle.                                                                         
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
ACTL_END_PRIN_BAL        The borrower's  actual principal balance at the end     2    No commas(,) or dollar signs ($)          11  
                         of the processing cycle.                                                                                   
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
BORR_NEXT_PAY_DUE_DATE   The date at the end of  processing  cycle  that the          MM/DD/YYYY                                10  
                         borrower's next payment is due to the Servicer,  as                                                        
                         reported by Servicer.                                                                                      
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERV_CURT_AMT_1          The first curtailment amount to be applied.             2    No commas(,) or dollar signs ($)          11  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERV_CURT_DATE_1         The  curtailment  date  associated  with the  first          MM/DD/YYYY                                10  
                         curtailment amount.                                                                                        
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
CURT_ADJ_ AMT_1          The curtailment  interest on the first  curtailment     2    No commas(,) or dollar signs ($)          11  
                         amount, if applicable.                                                                                     
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERV_CURT_AMT_2          The second curtailment amount to be applied.            2    No commas(,) or dollar signs ($)          11  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERV_CURT_DATE_2         The  curtailment  date  associated  with the second          MM/DD/YYYY                                10  
                         curtailment amount.                                                                                        
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
CURT_ADJ_ AMT_2          The curtailment  interest on the second curtailment     2    No commas(,) or dollar signs ($)          11  
                         amount, if applicable.                                                                                     
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERV_CURT_AMT_3          The third curtailment amount to be applied.             2    No commas(,) or dollar signs ($)          11  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SERV_CURT_DATE_3         The  curtailment  date  associated  with the  third          MM/DD/YYYY                                10  
                         curtailment amount.                                                                                        
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
CURT_ADJ_AMT_3           The curtailment  interest on the third  curtailment     2    No commas(,) or dollar signs ($)          11  
                         amount, if applicable.                                                                                     
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
PIF_AMT                  The loan "paid in full"  amount as  reported by the     2    No commas(,) or dollar signs ($)          11  
                         Servicer.                                                                                                  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
PIF_DATE                 The paid in full date as reported by the Servicer.           MM/DD/YYYY                                10  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
ACTION_CODE               The standard FNMA numeric code used to indicate the         Action Code Key: 15=Bankruptcy,            2  
                          default/delinquent status of a particular loan.             30=Foreclosure, 60=PIF,                       
                                                                                      63=Substitution,                              
                                                                                      65=Repurchase,70=REO                          
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
INT_ADJ_AMT              The amount of the interest  adjustment  as reported     2    No commas(,) or dollar signs ($)          11  
                         by the Servicer.                                                                                           
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SOLDIER_SAILOR_ADJ_AMT   The  Soldier  and  Sailor  Adjustment   amount,  if     2    No commas(,) or dollar signs ($)          11  
                         applicable.                                                                                                
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
NON_ADV_LOAN_AMT         The Non Recoverable Loan Amount, if applicable.         2    No commas(,) or dollar signs ($)          11  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
LOAN_LOSS_AMT            The amount the  Servicer  is passing as a loss,  if     2    No commas(,) or dollar signs ($)          11  
                         applicable.                                                                                                
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SCHED_BEG_PRIN_BAL       The scheduled  outstanding  principal amount due at     2    No commas(,) or dollar signs ($)          11  
                         the  beginning  of  the  cycle  date  to be  passed                                                        
                         through to investors.                                                                                      
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SCHED_END_PRIN_BAL       The  scheduled  principal  balance due to investors     2    No commas(,) or dollar signs ($)          11  
                         at the end of a processing cycle.                                                                          
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SCHED_PRIN_AMT           The scheduled  principal  amount as reported by the     2    No commas(,) or dollar signs ($)          11  
                         Servicer for the current cycle -- only applicable for                                                      
                         Scheduled/Scheduled Loans.                                                                                 
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
SCHED_NET_INT            The  scheduled   gross  interest  amount  less  the     2    No commas(,) or dollar signs ($)          11  
                         service fee amount for the current cycle as reported by                                                    
                         the Servicer -- only applicable for Scheduled/Scheduled                                                    
                         Loans.                                                                                                     
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
ACTL_PRIN_AMT            The  actual   principal  amount  collected  by  the     2    No commas(,) or dollar signs ($)          11  
                         Servicer for the current reporting cycle -- only                                                           
                         applicable for Actual/Actual Loans.                                                                        
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
ACTL_NET_INT             The actual gross  interest  amount less the service     2    No commas(,) or dollar signs ($)          11  
                         fee amount for the current reporting cycle as reported                                                     
                         by the Servicer -- only applicable for Actual/Actual                                                       
                         Loans.                                                                                                     
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
PREPAY_PENALTY_ AMT      The  penalty   amount   received  when  a  borrower     2    No commas(,) or dollar signs ($)          11  
                         prepays on his loan as reported by the Servicer.                                                           
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
PREPAY_PENALTY_ WAIVED   The  prepayment  penalty amount for the loan waived     2    No commas(,) or dollar signs ($)          11  
                         by the servicer.                                                                                           
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 

------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
MOD_DATE                 The Effective  Payment Date of the Modification for          MM/DD/YYYY                                10  
                         the loan.                                                                                                  
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
MOD_TYPE                 The Modification Type.                                       Varchar - value can be alpha              30  
                                                                                      or numeric                                    
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 
DELINQ_P&I_ADVANCE_AMT   The  current  outstanding  principal  and  interest     2    No commas(,) or dollar signs ($)          11  
                         advances made by Servicer.                                                                                 
------------------------ ---------------------------------------------------- ------- --------------------------------------------- 


(PAGE)                                                                          

                                                        [Enlarge/Download Table]

                   STANDARD FILE LAYOUT- DELINQUENCY REPORTING                                                                     

Exhibit D-2: Standard File Layout - Delinquency Reporting                                                                          
                                                                                                                                   
Column/Header Name                            Description                                               Decimal     Format Comment 

SERVICER_LOAN_NBR                             A unique  number  assigned  to a loan by the Servicer.                               
                                              This may be different than the LOAN_NBR                                              
LOAN_NBR                                      A unique identifier assigned to each loan by                                         
                                              the originator.                                                                      
CLIENT_NBR                                    Servicer Client Number                                                               
SERV_INVESTOR_NBR                             Contains a unique number as assigned by an external                                  
                                              servicer to identify a group of loans in their                                       
                                              system.                                                                              
BORROWER_FIRST_NAME                           First Name of the Borrower.                                                          
BORROWER_LAST_NAME                            Last name of the borrower.                                                           
PROP_ADDRESS                                  Street Name and Number of Property                                                   
PROP_STATE                                    The state where the  property located.                                               
PROP_ZIP                                      Zip code where the property is located.                                              
BORR_NEXT_PAY_DUE_DATE                        The date that the borrower's next payment is due                                     
                                              to the servicer at the end of processing cycle,                          MM/DD/YYYY  
                                              as reported by Servicer.                                                             
LOAN_TYPE                                     Loan Type (i.e. FHA, VA, Conv)                                                       
BANKRUPTCY_FILED_DATE                         The date a particular bankruptcy claim was filed.                        MM/DD/YYYY  
BANKRUPTCY_CHAPTER_CODE                       The chapter under which the bankruptcy was filed.                                    
BANKRUPTCY_CASE_NBR                           The case number assigned by the court to the bankruptcy                              
                                              filing.                                                                              
POST_PETITION_DUE_DATE                        The payment due date once the bankruptcy has been approved               MM/DD/YYYY  
                                              by the courts                                                                        
BANKRUPTCY_DCHRG_DISM_DATE                    The Date The Loan Is Removed From Bankruptcy. Either by                  MM/DD/YYYY  
                                              Dismissal, Discharged and/or a Motion For Relief Was                                 
                                              Granted.                                                                             
LOSS_MIT_APPR_DATE                            The Date The Loss Mitigation Was Approved By The Servicer                MM/DD/YYYY  
LOSS_MIT_TYPE                                 The Type Of Loss Mitigation Approved For A Loan Such As;                             
LOSS_MIT_EST_COMP_DATE                        The Date The Loss Mitigation /Plan Is Scheduled To End/Close             MM/DD/YYYY  
LOSS_MIT_ACT_COMP_DATE                        The Date The Loss Mitigation Is Actually Completed                       MM/DD/YYYY  
FRCLSR_APPROVED_DATE                          The  date  DA  Admin  sends a  letter  to the  servicer  with            MM/DD/YYYY  
                                              instructions to begin foreclosure proceedings.                                       
ATTORNEY_REFERRAL_DATE                        Date File Was Referred To Attorney to Pursue Foreclosure                 MM/DD/YYYY  
FIRST_LEGAL_DATE                              Notice of 1st legal filed by an Attorney in a Foreclosure                MM/DD/YYYY  
                                              Action                                                                               
FRCLSR_SALE_EXPECTED_DATE                     The date by which a foreclosure sale is expected to occur.               MM/DD/YYYY  
FRCLSR_SALE_DATE                              The actual date of the foreclosure sale.                                 MM/DD/YYYY  
FRCLSR_SALE_AMT                               The amount a property sold for at the foreclosure sale.            2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
EVICTION_START_DATE                           The date the servicer initiates eviction of the borrower.                MM/DD/YYYY  
EVICTION_COMPLETED_DATE                       The date the court revokes  legal  possession of the property            MM/DD/YYYY  
                                              from the borrower.                                                                   
LIST_PRICE                                    The price at which an REO property is marketed.                    2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
LIST_DATE                                     The date an REO property is listed at a particular price.                MM/DD/YYYY  
OFFER_AMT                                     The dollar value of an offer for an REO property.                  2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
OFFER_DATE_TIME                               The date an offer is received by DA Admin or by the Servicer.            MM/DD/YYYY  
REO_CLOSING_DATE                              The date the REO sale of the property is scheduled to close.             MM/DD/YYYY  
REO_ACTUAL_CLOSING_DATE                       Actual Date Of REO Sale                                                  MM/DD/YYYY  
OCCUPANT_CODE                                 Classification of how the property is occupied.                                      
PROP_CONDITION_CODE                           A code that indicates the condition of the property.                                 
PROP_INSPECTION_DATE                          The date a  property inspection is performed.                            MM/DD/YYYY  
APPRAISAL_DATE                                The date the appraisal was done.                                         MM/DD/YYYY  
CURR_PROP_VAL                                 The current "as is" value of the property based on brokers        2                  
                                              price opinion or appraisal.                                                          
REPAIRED_PROP_VAL                             The amount the property would be worth if repairs are             2                  
                                              completed pursuant to a broker's price opinion or                                    
                                              appraisal.                                                                           
If applicable:                                                                                                                     
DELINQ_STATUS_CODE                            FNMA Code Describing Status of Loan                                                  
DELINQ_REASON_CODE                            The circumstances which caused a borrower to stop paying                             
                                              on a loan. Code indicates the reason why the loan is in                              
                                              default for this cycle.                                                              
MI_CLAIM_FILED_DATE                           Date  Mortgage Insurance Claim Was Filed With Mortgage                   MM/DD/YYYY  
                                              Insurance Company.                                                                   
MI_CLAIM_AMT                                  Amount of Mortgage Insurance Claim Filed                                 No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
MI_CLAIM_PAID_DATE                            Date Mortgage Insurance Company Disbursed Claim Payment                  MM/DD/YYYY  
MI_CLAIM_AMT_PAID                             Amount Mortgage Insurance Company Paid On Claim                    2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
POOL_CLAIM_FILED_DATE                         Date Claim Was Filed With Pool Insurance Company                         MM/DD/YYYY  
POOL_CLAIM_AMT                                Amount of Claim Filed With Pool Insurance Company                  2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
POOL_CLAIM_PAID_DATE                          Date Claim Was Settled and The Check Was Issued By The Pool              MM/DD/YYYY  
                                              Insurer                                                                              
POOL_CLAIM_AMT_PAID                           Amount Paid On Claim By Pool Insurance Company                     2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
FHA_PART_A_CLAIM_FILED_DATE                    Date FHA Part A Claim Was Filed With HUD                                MM/DD/YYYY  
FHA_PART_A_CLAIM_AMT                           Amount of FHA Part A Claim Filed                                  2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
FHA_PART_A_CLAIM_PAID_DATE                     Date HUD Disbursed Part A Claim Payment                                 MM/DD/YYYY  
FHA_PART_A_CLAIM_PAID_AMT                      Amount HUD Paid on Part A Claim                                   2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
FHA_PART_B_CLAIM_FILED_DATE                    Date FHA Part B Claim Was Filed With HUD                                MM/DD/YYYY  
FHA_PART_B_CLAIM_AMT                           Amount of FHA Part B Claim Filed                                  2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   
FHA_PART_B_CLAIM_PAID_DATE                     Date HUD Disbursed Part B Claim Payment                                 MM/DD/YYYY  
FHA_PART_B_CLAIM_PAID_AMT                      Amount HUD Paid on Part B Claim                                   2     No commas(,)
                                                                                                                       or  dollar  
                                                                                                                       signs ($)   
VA_CLAIM_FILED_DATE                            Date VA Claim Was Filed With the Veterans Admin                         MM/DD/YYYY  
VA_CLAIM_PAID_DATE                             Date Veterans Admin. Disbursed VA Claim Payment                         MM/DD/YYYY  
VA_CLAIM_PAID_AMT                              Amount Veterans Admin. Paid on VA Claim                           2     No commas(,)
                                                                                                                       or dollar   
                                                                                                                       signs ($)   


(PAGE)                                                                          

Exhibit D-3: Standard File Codes - Delinquency Reporting                        

The Loss Mit Type field should show the approved Loss Mitigation Code as        
follows:                                                                        
[ ]  ASUM-          Approved Assumption                   
[ ]  BAP-           Borrower Assistance Program           
[ ]  CO-            Charge Off                            
[ ]  DIL-           Deed-in-Lieu                          
[ ]  FFA-           Formal Forbearance Agreement          
[ ]  MOD-           Loan Modification                     
[ ]  PRE-           Pre-Sale                              
[ ]  SS-            Short Sale                            
           [ ]  MISC-          Anything else approved by the PMI or Pool Insurer

NOTE: Wells Fargo Bank will accept alternative Loss Mitigation Types to those   
above, provided that they are consistent with industry standards. If Loss       
Mitigation Types other than those above are used, the Servicer must supply Wells
Fargo Bank with a description of each of the Loss Mitigation Types prior to     
sending the file.                                                               

The Occupant Code field should show the current status of the property code as  
follows:                                                                        
[ ]                 Mortgagor                             
[ ]                 Tenant                                
[ ]                 Unknown                               
[ ]                 Vacant                                

The Property Condition field should show the last reported condition of the     
property as follows:                                                            
[ ]                Damaged                                
[ ]                Excellent                              
[ ]                Fair                                   
[ ]                Gone                                   
[ ]                Good                                   
[ ]                Poor                                   
[ ]                Special Hazard                         
[ ]                Unknown                                

(PAGE)                                                                          

Exhibit D-3: Standard File Codes - Delinquency Reporting, Continued             

The FNMA Delinquent Reason Code field should show the Reason for Delinquency as 
follows:                                                                        

-------------------- --------------------------------------------------     
Delinquency Code     Delinquency Description                                
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
001                  FNMA-Death of principal mortgagor                      
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
002                  FNMA-Illness of principal mortgagor                    
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
003                  FNMA-Illness of mortgagor's family member              
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
004                  FNMA-Death of mortgagor's family member                
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
005                  FNMA-Marital difficulties                              
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
006                  FNMA-Curtailment of income                             
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
007                  FNMA-Excessive Obligation                              
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
008                  FNMA-Abandonment of property                           
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
009                  FNMA-Distant employee transfer                         
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
011                  FNMA-Property problem                                  
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
012                  FNMA-Inability to sell property                        
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
013                  FNMA-Inability to rent property                        
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
014                  FNMA-Military Service                                  
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
015                  FNMA-Other                                             
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
016                  FNMA-Unemployment                                      
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
017                  FNMA-Business failure                                  
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
019                  FNMA-Casualty loss                                     
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
022                  FNMA-Energy environment costs                          
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
023                  FNMA-Servicing problems                                
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
026                  FNMA-Payment adjustment                                
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
027                  FNMA-Payment dispute                                   
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
029                  FNMA-Transfer of ownership pending                     
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
030                  FNMA-Fraud                                             
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
031                  FNMA-Unable to contact borrower                        
-------------------- --------------------------------------------------     
-------------------- --------------------------------------------------     
INC                  FNMA-Incarceration                                     
-------------------- --------------------------------------------------     

(PAGE)                                                                          

Exhibit D-3: Standard File Codes - Delinquency Reporting, Continued             

The FNMA Delinquent Status Code field should show the Status of Default as      
follows:                                                                        

------------------------ -------------------------------------------------------
Status Code        Status Description                               
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
09             Forbearance                                  
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
17             Pre-foreclosure Sale Closing Plan Accepted   
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
24             Government Seizure                           
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
26             Refinance                                    
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
27             Assumption                                   
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
28             Modification                                 
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
29             Charge-Off                                   
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
30             Third Party Sale                             
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
31             Probate                                      
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
32             Military Indulgence                          
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
43             Foreclosure Started                          
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
44             Deed-in-Lieu Started                         
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
49             Assignment Completed                         
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
61             Second Lien Considerations                   
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
62             Veteran's Affairs-No Bid                     
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
63             Veteran's Affairs-Refund                     
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
64             Veteran's Affairs-Buydown                    
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
65             Chapter 7 Bankruptcy                         
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
66             Chapter 11 Bankruptcy                        
------------------------ -------------------------------------------------------
------------------------ -------------------------------------------------------
67             Chapter 13 Bankruptcy                        
------------------------ -------------------------------------------------------

(PAGE)                                                                          

Exhibit D-4: Calculation of Realized Loss/Gain Form 332- Instruction Sheet      
       NOTE: Do not net or combine items. Show all expenses individually and
   all credits as separate line items. Claim packages are due on the
         remittance report date. Late submissions may result in claims not being
        passed until the following month. The Servicer is responsible to remit
    all funds pending loss approval and /or resolution of any disputed
items.                                                        

The numbers on the 332 form correspond with the numbers listed below.           

Liquidation and Acquisition Expenses:                         
        1.       The Actual Unpaid Principal Balance of the Mortgage Loan. For
                documentation, an Amortization Schedule from date of default
         through liquidation breaking out the net interest and
servicing fees advanced is required.        

        2.       The Total Interest Due less the aggregate amount of servicing
                  fee that would have been earned if all delinquent payments had
           been made as agreed. For documentation, an Amortization
                  Schedule from date of default through liquidation breaking out
             the net interest and servicing fees advanced is required.

    3.       Accrued Servicing Fees based upon the Scheduled Principal
                  Balance of the Mortgage Loan as calculated on a monthly basis.
            For documentation, an Amortization Schedule from date of
                 default through liquidation breaking out the net interest and
servicing fees advanced is required.        

4-12.    Complete as applicable. Required documentation:      

                 * For taxes and insurance advances - see page 2 of 332 form -
breakdown required showing period       

                   of coverage, base tax, interest, penalty. Advances prior to
               default require evidence of servicer efforts to recover
advances.                               

      * For escrow advances - complete payment history

          (to calculate advances from last positive escrow
balance forward)                    

           * Other expenses -  copies of corporate advance history
showing all payments                    

* REO repairs > $1500 require explanation   

             * REO repairs >$3000 require evidence of at least 2 bids.

                  * Short Sale or Charge Off require P&L supporting the decision
           and WFB's approved Servicing Officer certification.

        * Unusual or extraordinary items may require further
documentation.                          

13.      The total of lines 1 through 12.                     

Credits:                                                      

14-21. Complete as applicable. Required documentation:        

               * Copy of the HUD 1 from the REO sale. If a 3rd Party Sale,
          bid instructions and Escrow Agent / Attorney Letter of
Proceeds Breakdown.                         

*  Copy of EOB for any MI or gov't guarantee

              *  All other credits need to be clearly defined on the 332
form                                        

22. The total of lines 14 through 21.                         

  Please Note: For HUD/VA loans, use line (18a) for Part A/Initial
                     proceeds and line (18b) for Part B/Supplemental proceeds.

Total Realized Loss (or Amount of Any Gain)                   
        23.  The total derived from subtracting line 22 from 13. If the amount
           represents a realized gain, show the amount in parenthesis ( ).

(PAGE)                                                                          

Exhibit D-4A: Calculation of Realized Loss/Gain Form 332                        

Prepared by:  __________________        Date:  ____________________________     
Phone:  ________________________        Email Address:_____________________     

---------------------    --------------------------   ------------------------  
Servicer Loan No.        Servicer Name                Servicer Address          

----------------------   --------------------------   ------------------------  

WELLS FARGO BANK, N.A. Loan No._____________________________                    

Borrower's Name: _____________________________________________________          
Property Address: ____________________________________________________          

Liquidation Type:  REO Sale     3rd Party Sale      Short Sale       Charge Off 

Was this loan granted a Bankruptcy deficiency or cramdown        Yes         No 
If "Yes", provide deficiency or cramdown amount _______________________________ 

Liquidation and Acquisition Expenses:                                           
(1)  Actual Unpaid Principal Balance of Mortgage Loan       $______________ (1) 
(2)  Interest accrued at Net Rate                           ________________(2) 
(3)  Accrued Servicing Fees                                 ________________(3) 
(4)  Attorney's Fees                                        ________________(4) 
(5)  Taxes (see page 2)                                     ________________(5) 
(6)  Property Maintenance                                   _______________ (6) 
(7)  MI/Hazard Insurance Premiums (see page 2)              ________________(7) 
(8)  Utility Expenses                                       ________________(8) 
(9)  Appraisal/BPO                                          ________________(9) 
(10) Property Inspections                                   ________________(10)
(11) FC Costs/Other Legal Expenses                          ________________(11)
(12) Other (itemize)                                        ________________(12)
         Cash for Keys__________________________            ________________(12)
         HOA/Condo Fees_______________________              ________________(12)
         ______________________________________             ________________(12)

         Total Expenses                                    $ _______________(13)
Credits:                                                                        
(14) Escrow Balance                                        $ _______________(14)
(15) HIP Refund                                            ________________ (15)
(16) Rental Receipts                                       ________________ (16)
(17) Hazard Loss Proceeds                                  ________________ (17)
(18) Primary Mortgage Insurance / Gov't Insurance         ________________ (18a)
HUD Part A                                                                      
                                                          ________________ (18b)
HUD Part B                                                                      
(19) Pool Insurance Proceeds                              ________________ (19) 
(20) Proceeds from Sale of Acquired Property              ________________ (20) 
(21) Other (itemize)                                      ________________ (21) 
        _________________________________________        ________________ (21)

         Total Credits                                      ________________(22)
Total Realized Loss (or Amount of Gain)                    $________________(23)

(PAGE)                                                                          

Escrow Disbursement Detail                                                      

                                                        [Enlarge/Download Table]
                                                                                                                      
------------------ --------------- ---------------- --------------- ---------------- ---------------- ----------------
      Type           Date Paid        Period of       Total Paid      Base Amount       Penalties        Interest     
                                      Coverage                                                                        
   (Tax /Ins.)                                                                                                        
------------------ --------------- ---------------- --------------- ---------------- ---------------- ----------------
------------------ --------------- ---------------- --------------- ---------------- ---------------- ----------------


(PAGE)                                                                          

ATTACHMENT 6

NEW EXHIBIT H TO THE SERVICING AGREEMENT

SERVICING CRITERIA TO BE ADDRESSED
IN ASSESSMENT OF COMPLIANCE 

The  assessment  of  compliance  to  be  delivered  by  [the   Company][Name  of
Subservicer]  shall  address,  as a minimum,  the criteria  identified  below as
"Applicable Servicing Criteria"                                                 

                                                        [Enlarge/Download Table]
                                                                                                                                    
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
   Reg AB                               Servicing Criteria                                          Applicable         Inapplicable 
   Reference                                                                                        Servicing           Servicing   
                                                                                                    Criteria             Criteria   
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                                       General Servicing Considerations                                                             
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
1122(d)(1)(i)    Policies and procedures are instituted to monitor any performance or other             X                           
                 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,          X                           
                 policies  and   procedures  are  instituted  to  monitor  the  third  party's                                      
                 performance and compliance with such servicing activities.                                                         
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                 Any  requirements  in  the  transaction  agreements  to  maintain  a  back-up                              X       
1122(d)(1)(iii)  servicer for the mortgage loans 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 mortgage loans are deposited into the appropriate  custodial bank          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.                                                                                                        
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                 Disbursements  made  via wire  transfer  on  behalf  of an  obligor  or to an          X                           
1122(d)(2)(ii)   investor are made only by authorized personnel.                                                                    
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                 Advances  of  funds  or  guarantees  regarding  collections,  cash  flows  or          X                           
                 distributions,  and any interest or other fees charged for such advances, are                                      
1122(d)(2)(iii)  made, reviewed and approved as specified in the transaction agreements.                                            
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                 The related  accounts for the  transaction,  such as cash reserve accounts or          X                           
                 accounts  established  as a form  of  overcollateralization,  are  separately                                      
                 maintained  (e.g.,  with respect to  commingling of cash) as set forth in the                                      
1122(d)(2)(iv)   transaction agreements.                                                                                            
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                 Each  custodial  account is  maintained  at a  federally  insured  depository          X                           
                 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                                      
1122(d)(2)(v)    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.                  X                           
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
1122(d)(2)(vii)  Reconciliations  are  prepared  on  a  monthly  basis  for  all  asset-backed          X                           
                 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          X                           
                 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                                      
                 mortgage loans serviced by the Servicer.                                                                           
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                 Amounts due to  investors  are  allocated  and  remitted in  accordance  with          X                           
                 timeframes,   distribution   priority  and  other  terms  set  forth  in  the                                      
1122(d)(3)(ii)   transaction agreements.                                                                                            
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                 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                                      
1122(d)(3)(iii)  transaction agreements.                                                                                            
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
---------------- ------------------------------------------------------------------------------ ------------------- ----------------
                 Amounts  remitted to investors per the investor  reports agree with cancelled          X                           
1122(d)(3)(iv)   checks, or other form of payment, or custodial bank statements.                                                    
---------------- ------------------------------------------------------------------------------ ------------------- ----------------

---------------- ------------------------------------------------------------------------------ ------------------- --------------  
    Reg AB                             Servicing Criteria                                          Applicable         Inapplicable  
   Reference                                                                                       Servicing           Servicing    
                                                                                                   Criteria             Criteria    
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                                           Pool Asset Administration                                                                
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
1122(d)(4)(i)    Collateral  or security on mortgage  loans is  maintained  as required by the          X                           
                 transaction agreements or related mortgage loan documents.                                                         
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Mortgage  loan and  related  documents  are  safeguarded  as  required by the          X                           
1122(d)(4)(ii)   transaction agreements                                                                                             
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Any  additions,  removals  or  substitutions  to the  asset  pool  are  made,          X                           
                 reviewed and approved in accordance  with any conditions or  requirements  in                                      
1122(d)(4)(iii)  the transaction agreements.                                                                                        
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Payments on mortgage  loans,  including any payoffs,  made in accordance with          X                           
                 the related  mortgage  loan  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                                      
1122(d)(4)(iv)   related mortgage loan documents.                                                                                   
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 The  Servicer's   records   regarding  the  mortgage  loans  agree  with  the          X                           
1122(d)(4)(v)    Servicer's records with respect to an obligor's unpaid principal balance.                                          
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Changes with respect to the terms or status of an  obligor's  mortgage  loans          X                           
                 (e.g.,  loan  modifications or re-agings) are made,  reviewed and approved by                                      
                 authorized  personnel  in  accordance  with the  transaction  agreements  and                                      
1122(d)(4)(vi)   related pool asset documents.                                                                                      
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Loss mitigation or recovery actions (e.g.,  forbearance plans,  modifications          X                           
                 and  deeds  in  lieu  of  foreclosure,  foreclosures  and  repossessions,  as                                      
                 applicable)  are  initiated,  conducted and concluded in accordance  with the                                      
1122(d)(4)(vii)  timeframes or other requirements established by the transaction agreements.                                        
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Records  documenting  collection  efforts are maintained  during the period a          X                           
                 mortgage loan 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  mortgage loans including,  for example,                                      
                 phone  calls,   letters  and  payment   rescheduling  plans  in  cases  where                                      
1122(d)(4)(viii) delinquency is deemed temporary (e.g., illness or unemployment).                                                   
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Adjustments  to  interest  rates or rates of return for  mortgage  loans with          X                           
1122(d)(4)(ix)   variable rates are computed based on the related mortgage loan documents.                                          
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Regarding any funds held in trust for an obligor  (such as escrow  accounts):          X                           
                 (A) such funds are analyzed,  in accordance with the obligor's  mortgage loan                                      
                 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  mortgage loan documents and state                                      
                 laws;  and (C) such funds are returned to the obligor within 30 calendar days                                      
                 of full  repayment  of the related  mortgage  loans,  or such other number of                                      
1122(d)(4)(x)    days specified in the transaction agreements.                                                                      
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Payments  made on behalf of an obligor  (such as tax or  insurance  payments)          X                           
                 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                                      
1122(d)(4)(xi)   agreements.                                                                                                        
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Any late  payment  penalties  in  connection  with any  payment to be made on          X                           
                 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                                      
1122(d)(4)(xii)  omission.                                                                                                          
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Disbursements  made on behalf of an obligor  are posted  within two  business          X                           
                 days to the  obligor's  records  maintained  by the  servicer,  or such other                                      
1122(d)(4)(xiii) number of days specified in the transaction agreements.                                                            
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Delinquencies,  charge-offs  and  uncollectible  accounts are  recognized and          X                           
1122(d)(4)(xiv)  recorded in accordance with the transaction agreements.                                                            
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
---------------- ------------------------------------------------------------------------------ ------------------- --------------  
                 Any external  enhancement  or other  support,  identified in Item  1114(a)(1)                              X       
                 through (3) or Item 1115 of Regulation  AB, is maintained as set forth in the                                      
1122(d)(4)(xv)   transaction agreements.                                                                                            
---------------- ------------------------------------------------------------------------------ ------------------- --------------  

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		12/6/06
For Period End:		12/1/06
		9/29/06		424B5,  8-K
		9/1/06
		12/31/05
		12/1/05
		8/5/05
		12/31/04
		12/31/03
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