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

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

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         13±    56K 
 3: EX-33       ABS - Report of Compliance with Servicing Criteria  HTML     55K 
 4: EX-34       ABS - Attestation Report on Assessment of           HTML     24K 
                          Compliance with Servicing Criteria                     
 5: EX-35       ABS - Servicer Compliance Statement                 HTML      9K 
 2: EX-31       Certification -- Sarbanes-Oxley Act - Sect. 302     HTML      9K 

10-K   —   Annual Report
Document Table of Contents

           UNITED STATES
            SECURITIES AND EXCHANGE COMMISSION
            WASHINGTON, D.C. 20549

             FORM 10-K

(Mark one)                                                                  

/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES         
EXCHANGE ACT OF 1934                                                
For the fiscal year ended December 31, 2006                         

OR                                                                  

/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES     
EXCHANGE ACT OF 1934                                                

Commission file number:  333-130524-01                            

C-BASS 2006-CB6 Trust                                             
(exact name of issuing entity as specified in its charter)        

Asset Backed Funding Corporation                                  
(exact name of the depositor as specified in its charter)         

Credit-Based Asset Servicing and Securitization LLC               
(exact name of the sponsor as specified in its charter)           

New York                                          04-3852364                
(State or other jurisdiction of                   04-3852365                
incorporation or organization)                    04-3852366                
                                  04-3852367
                                  04-3852368
                                  04-3852369
                                  04-3852370
                                  04-3852371
                                        (I.R.S. Employer
                                           Identification No.)

c/o U.S. Bank National Association                                        
60 Livingston Avenue                                                      
St. Paul, MN                                55107                         
(Address of principal executive offices)    (Zip Code)                      

Registrant's telephone number, including area code: (651) 495-3847          

Securities registered pursuant to Section 12(b) of the Act:                 

NONE.                                                           

Securities registered pursuant to Section 12(g) of the Act:                 

NONE.                                                           

Indicate by check mark if the registrant is a well-known seasoned issuer,   
as defined in Rule 405 of the Securities Act.                               

Yes  ___     No  X                                              

Indicate by check mark if the registrant is not required to file reports    
pursuant to Section 13 or Section 15(d) of the Act.                         

Yes  ___     No  X                                              

Indicate by check mark whether the registrant (1) has filed all reports     
required to be filed by Section 13 or 15(d) of the Securities Exchange      
Act of 1934 during the preceding 12 months (or for such shorter period      
that the registrant was required to file such reports), and (2) has been    
subject to such filing requirements for the past 90 days.                   

Yes  X       No  ___                                            

Indicate by check mark if disclosure of delinquent filers pursuant to       
Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained      
herein, and will not be contained, to the best of registrant's knowledge,   
in definitive proxy or information statements incorporated by reference     
in Part III of this Form 10-K or any amendment to this Form 10-K.           

Not applicable.                                                 

Indicate by check mark whether the registrant is a large accelerated filer, 
an accelerated filer, or a non-accelerated filer. See definition of         
"accelerated filer and large accelerated filer" in Rule 12b-2 of the        
Exchange Act. (Check one):                                                  

Large accelerated filer ___  Accelerated filer ___  Non-accelerated filer X 

Indicate by check mark whether the registrant is a shell company (as        
defined in Rule 12b-2 of the Act).                                          

Yes  ___     No  X                                              

State the aggregate market value of the voting and non-voting common        
equity held by non-affiliates computed by reference to the price at which   
the common equity was last sold, or the average bid and asked price of      
such common equity, as of the last business day of the registrant's most    
recently completed second fiscal quarter.                                   

Not applicable.                                                 

Documents Incorporated by Reference                                   

List hereunder the following documents if incorporated by reference and     
the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the      
document is incorporated: (1)Any annual report to security holders; (2)     
Any proxy or information statement; and (3)Any prospectus filed pursuant    
to Rule 424(b) or (c) under the Securities Act of 1933. The listed          
documents should be clearly described for identification purposes (e.g.,    
annual report to security holders for fiscal year ended December 24, 1980). 

Not applicable.                                                 

PART I    
Item 1.  Business.                                                          

Omitted.                                                

Item 1A.  Risk Factors.                                                     

Omitted.                                                

Item 1B.  Unresolved Staff Comments.                                        

None.                                                   

Item 2.  Properties.                                                        

Omitted.                                                

Item 3.  Legal Proceedings.                                                 

Omitted.                                                

Item 4.  Submission of Matters to a Vote of Security Holders.               

Omitted.                                                

PART II         

Item 5. Market for Registrant's Common Equity, Related Stockholder          
Matters and Issuer Purchases of Equity Securities.          

Omitted.                                                

Item 6.  Selected Financial Data.                                           

Omitted.                                                

Item 7.  Management's Discussion and Analysis of Financial Condition and    
Results of Operations.                                    

Omitted.                                                

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.        

Omitted.                                                

Item 8.  Financial Statements and Supplementary Data.                       

Omitted.                                                

Item 9.  Changes in and Disagreements With Accountants on Accounting and    
Financial Disclosure.                                     

Omitted.                                                

Item 9A. Controls and Procedures.                                           

Omitted.                                                

Item 9A(T). Controls and Procedures.                                        

Omitted.                                                

Item 9B. Other Information.                                                 

None.                                                   

PART III        

Item 10. Directors, Executive Officers and Corporate Governance.            

Omitted.                                                

Item 11. Executive Compensation.                                            

Omitted.                                                

Item 12. Security Ownership of Certain Beneficial Owners and                
Management and Related Stockholder Matters.               

Omitted.                                                

Item 13. Certain Relationships and Related Transactions, and Director       
Independence.                                             

Omitted.                                                

Item 14. Principal Accounting Fees and Services.                            

Omitted.                                                

ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB   

Item 1112(b) of Regulation AB, Significant Obligor Financial Information.   

        No single obligor represents 10% or more of the pool assets held
by this transaction.                                    

Item 1114(b)(2) and 1115(b) of Regulation AB, Significant Enhancement       
Provider Financial Information.                       

       No entity or group of affiliated entities provides any external
       credit enhancement or other support for the certificates within
this transaction.                                       

     No entity or group of affiliated entities provides derivative
    instruments with an aggregate significance percentage of 10%
or more.                                                

Item 1117 of Regulation AB, Legal Proceedings.                              

     The following information (other than the final sentence) has
  been provided to the Depositor by New Century Mortgage Corporation
("New Century Mortgage"), an indirect wholly owned subsidiary of
New Century Financial Corporation (the "Company").              

Securities Class Action Litigation                              
On February 8, 2007, Avi Gold filed a securities class action   
complaint in the United States District Court for the Central   
District of California against the Company and certain of its   
directors and officers (the "Original Complaint").  The Original
Complaint alleges that defendants violated federal securities   
laws by issuing false and misleading statements and failing     
to disclose material facts about the Company, which resulted    
in artificially inflated market prices of the Company's common  
stock.  The purported class period is between April 7, 2006     
and February 7, 2007.  The Original Complaint seeks money       
damages in favor of its purported class of purchasers of the    
Company's securities, the costs and expenses of the action      
and other relief that may be granted by the court.              

The Company has also learned that seventeen additional purported
class actions were filed in the United States District Court for
the Central District of California between February 8, 2007 and 
March 16, 2007.  These complaints, some of which the Company has
not yet been served with and which name the Company and certain 
of its officers and directors as defendants, present in large   
degree the same legal and factual issues as the Original        
Complaint and allege various class periods, the longest of      
which is from April 7, 2006 to March 2, 2007.  One of these     
class actions has been brought on behalf of the holders of the  
Company's 9.125% Series A Cumulative Redeemable Preferred Stock 
("Series A Preferred Stock") and the holders of the Company's   
9.75% Series B Cumulative Redeemable Preferred Stock ("Series   
B Preferred Stock").  Another of these class actions has been   
brought on behalf of the holders of the Company's Series B      
Preferred Stock.  The Company anticipates that similar actions  
on behalf of holders of the     Company's common stock, Series  
A Preferred Stock and Series B Preferred Stock may be filed in  
the future.  The Company intends to review the allegations in   
these complaints and respond appropriately.  The Company's      
management intends to vigorously defend these claims; however,  
an unfavorable outcome in these cases or future securities class
action cases could have a material adverse effect on the        
Company's financial condition.                                  

Shareholder Derivative Complaint                                

The Company was served with a shareholder derivative complaint  
on March 1, 2007, filed in the Superior Court of California,    
County of Orange.  The complaint alleges breach of fiduciary    
duty, abuse of control, gross mismanagement, waste of corporate 
assets, unjust enrichment, and violations of California         
   Corporations Code 25402 and seeks damages for breach, disgorgement,
equitable relief, costs and fees.  The case is in the very      
preliminary stages.                                             

The Company has also learned that five additional shareholder   
derivative actions were filed in the Superior Court of          
California, County of Orange between February 8, 2007 and       
March 16, 2007 and two additional shareholder derivative        
actions were filed in the United States District Court for      
the Central District of California during this same time period.
These complaints, some of which the Company has not yet been    
served with and which name the Company and certain of its       
officers and directors as defendants, present in large degree   
the same legal and factual issues as the original shareholder   
derivative complaint.  The Company anticipates that similar     
actions may be filed in the future.  The Company intends to     
review the allegations in these complaints and respond          
appropriately.                                                  

U.S. Attorney's Office Investigation                            

On February 27, 2007, the Company received a letter from the    
United States Attorney's Office for the Central District of     
California (the "U.S. Attorney's Office") indicating that       
it was conducting a criminal inquiry under the federal          
securities laws in connection with trading in the Company's     
securities, as well as accounting errors regarding the          
Company's allowance for repurchase losses.  The Company has     
subsequently received a grand jury subpoena requesting          
production of certain documents.  The Company intends to        
cooperate with the requests of the U.S. Attorney's Office.      

SEC Investigation                                               

On March 7, 2007, the Company received a letter from the        
Pacific Regional Office of the Securities and Exchange          
Commission (the "SEC") requesting that NCFC preserve certain    
documents.  On March 12, 2007, the Company received a letter    
from the staff of the Pacific Regional Office of the SEC        
 stating that the staff was conducting a preliminary investigation
involving the Company and requesting production of certain      
documents. The staff of the SEC had also previously requested   
a meeting with the Company to discuss the events leading up to  
the Company's previous announcement of the need to restate      
certain of its historical financial statements.  The Company    
intends to cooperate with the requests of the SEC.              

State Regulatory Actions                                        

   The Company has been engaged in recent ongoing discussions with its
state regulators regarding the Company's funding constraints and
the impact on consumers who are in various stages of the loan   
origination process with the Company.  The Company has advised  
these regulators that it has ceased accepting loan applications.
  In addition, the Company has advised these regulators that at this
      time, the Company and its subsidiaries are unable to fund any mortgage
    loans, including mortgage loans for those consumers who were already
  in the loan origination process with the Company.  The Company has
  been and is continuing to work cooperatively with these regulators
to mitigate the impact on the affected consumers, including     
  transferring pending loans and loan applications to other mortgage
  lenders.  The Company has also been providing daily reports to its
    various regulators regarding the status of loans in process in their
states, as well as responding to ad hoc information requests.   

The Company received cease and desist orders from the States of 
Massachusetts, New Hampshire, New Jersey and New York on March  
     13, 2007 (collectively, the "March 13 Orders").  New Century Mortgage
   additionally received a Suspension Order from the state of New York
     on March 13, 2007 (the "NCMC Suspension Order").  The NCMC Suspension
 Order suspends New Century Mortgage's mortgage banking license in
 the State of New York for a period not to exceed 30 days, pending
investigation.  On March 14 and 15, 2007, the Company received  
  additional cease and desist orders from the States of Connecticut,
Maryland, Rhode Island and Tennessee (collectively, the "March  
14-15 Orders").  The March 13 Orders and the March 14-15 Orders 
contain allegations that certain of the Company's subsidiaries  
have engaged in violations of applicable state law, including,  
among others, failure to fund mortgage loans after closing.     
 Additionally, on March 14, 2007, New Century Mortgage and Home123
entered into a Consent Agreement and Order with the Commonwealth
of Pennsylvania Department of Banking, Bureau of Supervision    
and Enforcement (the "Pennsylania Consent Agreement").          

The March 13 Orders, the March 14-15 Orders and the Pennsylvania
 Consent Agreement restrain the Company's subsidiaries from taking
certain actions, including, among others, engaging in alleged   
violations of state law and taking new applications for mortgage
loans in the relevant jurisdiction.  The March 13 Orders, the   
March 14-15 Orders and the Pennsylvania Consent Agreement also  
compel the subsidiaries to affirmatively take certain actions,  
including the creation of escrow accounts to hold any upfront   
fees collected in connection with pending mortgage applications,
      the transfer to other lenders of the outstanding mortgage applications
and unfunded mortgage loans held by the subsidiaries, and the   
  provision of regular information to the state regulators regarding
the subsidiaries' activities in the applicable state, including 
the status of all outstanding mortgage applications and unfunded
  mortgage loans in that state.  The cease and desist order received
from the Rhode Island Department of Business Regulatio  on March
     14 suspends the licenses of one or more of the Company's subsidiaries
and seeks to assess administrative penalties.                   

The Company and its subsidiaries requested hearings on the cease
  and desist orders issued by regulators in Maryland, Massachusetts,
Connecticut and Rhode Island on March 23, 2007, and in Tennessee
on March 27, 2007.                                              

On March 14, 2007, the Attorney General of Ohio and the Ohio    
Department of Commerce, Division of Financial Institution       
(together, the "State") filed a lawsuit against the Company,    
 New Century Mortgage and Home123 (collectively, the "Defendants")
on March 14, 2007 in Ohio state court (the "Ohio Complaint").   
The Ohio Complaint alleges that the Company has engaged in      
violations of applicable state law, including, among others,    
failure to fund mortgage loans after closing.  Also on March 14,
2007, the court granted the State's motion to enter a temporary 
restraining order, which was subsequently modified by the court 
   on March 16, 2007, against the Defendants (as modified, the "TRO").
The TRO restrained the Defendants from taking certain actions,  
 including, among others, (i) engaging in violations of state law,
(ii) soliciting applicants and taking new applications for      
mortgage loans in Ohio and (iii) initiating, prosecuting or     
enforcing foreclosure actions in Ohio.  The TRO required the    
parties to confer with respect to restrictions regarding        
foreclosure action and the sale, transfer or assignment of      
loans more than 60 days delinquent.  On March 26, 2007, the     
Defendants filed a Motion for Dissolution of Modified Temporary 
Restraining Order and Motion for an Emergency Hearing, and      
Opposition to a Preliminary Injunction.  On March 28, 2007,     
the Defendants and the State reached agreement on a Stipulated  
Preliminary Injunction effective for 90 days and submitted      
it for court approval.  The Stipulated Preliminary Injunction   
replaces the TRO and provides for a stay of the litigation      
for 90 days.  The Stipulated Preliminary Injunction restrains   
the Defendants from taking certain actions, including, among    
others, engaging in alleged violations of state law and taking  
new applications for mortgage loans.  The Stipulated Preliminary
Injunction also compels the Defendants to take certain actions, 
including the transfer to other lenders of any outstanding      
mortgage applications and unfunded mortgage loans, the placement
in escrow of any upfront fees collected in connection with      
pending mortgage applications, and the provision of regular     
information to the State regarding the Company's activities     
in Ohio, including the status of all outstanding mortgage       
applications and unfunded mortgage loans.  The Stipulated       
Preliminary Injunction also requires the Defendants to submit   
certain loans (and related information) as to which it          
intends to foreclose to the State for the State to review.      
The State may object to the Company proceeding with a           
particular foreclosure and if the Company is unable to          
convince the State to permit it to proceed, the foreclosure     
will not proceed for the duration of the Stipulated             
Preliminary Injunction.  The Stipulated Preliminary             
Injunction also provides for the State to review and            
object to the Defendants selling, transferring or               
assigning certain loans that are more than 60 days              
delinquent.                                                     

On March 16, 2007, the Company received additional cease and    
desist orders from the State of California (the "California     
Orders") and certain of the Company's subsidiaries entered      
into consent agreements with the State of Florida's Office      
of Financial Regulation and the State of Washington's           
Department of Financial Institutions, respectively, each        
dated March 16, 2007 (the "March 16 Agreements" and             
together with the California Orders, the "March 16 Orders       
and Consent Agreements").                                       

The March 16 Orders and Consent Agreements contain              
allegations that certain of the Company's subsidiaries          
have engaged in violations of state law, including, among       
others, failure to fund mortgage loans after closing.           
The March 16 Orders and Consent Agreements restrain the         
Company's subsidiaries from taking certain actions, including,  
among others, engaging in alleged violations of state law       
and taking new applications for mortgage loans in the           
relevant jurisdiction.  The March 16 Orders and Consent         
Agreements also compel the subsidiaries to affirmatively        
take certain actions, including the creation of escrow          
accounts to hold any upfront fees collected in connection       
with pending mortgage applications, the transfer to other       
lenders of the outstanding mortgage applications and unfunded   
mortgage loans held by the subsidiaries, and the provision of   
regular information to the state regulators regarding the       
subsidiaries' activities in the applicable state, including     
the status of all outstanding mortgage applications and         
unfunded mortgage loans in that state.                          

On March 16, 2007, Home123 received a suspension order          
(the "Home123 Suspension Order") from the State of New York     
Banking Department.  The Home123 Suspension Order  contains     
allegations similar to those included in the NCMC Suspension    
Order and further provides that Home123's mortgage banking      
license in the State of New York has been suspended for a       
period not exceeding 30 days, pending investigation.            
The Company and Home123 are reviewing the Home123 Suspension    
Order and accordingly have not yet determined whether they      
will appeal all or any portion of the Home123 Suspension Order. 

On March 20, 2007, the Company entered into a Combined          
Statement of Charges and Consent Order with the State of        
Iowa and a Consent Agreement and Order with the State of        
Maine Office of Consumer Credit Regulation, Department of       
Professional and Financial Regulation (together, the            
"March 20 Orders").  On March 21, 2007, the Company entered     
into a Consent Order with the State of Michigan, Department     
of Labor & Economic Growth, Office of Financial and Insurance   
Services and a Consent Order with the State of Wyoming Banking  
Commission (the "March 21 Orders").  On March 23, 2007, the     
Company entered into a Consent Agreement and Order with the     
State of Idaho Department of Finance (the "March 23 Order").    
Similar to the consent agreements described above, the March    
20, 21 and 23 Orders contain allegations that certain of the    
Company's subsidiaries have engaged in violations of state      
law, including, among others, failure to fund mortgage loans    
after closing.  They restrain the Company's subsidiaries from   
taking certain actions, including, among others, engaging in    
alleged violations of state law and taking new applications for 
mortgage loans in the relevant jurisdiction.  They also compel  
the subsidiaries to affirmatively take certain actions,         
including the creation of escrow accounts to hold any upfront   
fees collected in connection with pending mortgage applications,
the transfer to other lenders of the outstanding mortgage       
applications and unfunded mortgage loans held by the            
subsidiaries, and the provision of regular information to the   
state regulators regarding the subsidiaries' activities in the  
applicable state, including the status of all outstanding       
mortgage applications and unfunded mortgage loans in that state.

The Company anticipates that cease and desist orders will       
continue to be received by the Company and its subsidiaries     
from additional states in the future and that the Company       
and its subsidiaries may enter into additional consent          
agreements similar to those described above.                    

The Company intends to continue to cooperate with its regulators
in order to mitigate the impact on consumers resulting from the 
Company's funding constraints.                                  

   Under the terms of the pooling and servicing agreement, the Sponsor
makes all the representations and warranties with respect to    
the Mortgage Loans. No originator makes any representations and 
warranties for the benefit of the certificateholders.           

Item 1119 of Regulation AB, Affiliations and Certain Relationships and      
Related Transactions.                                 

 No changes to the information provided in the prospectus.

Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.  

   The assessment of compliance of Litton Loan Servicing LP ("Litton")
     has disclosed material noncompliance with criteria 1122(d)(2)(vii)(D)
 and 1122(d)(4)(ix). Certain investor bank account reconciliations
included certain reconciling items that were not resolved within
90 calendar days of their original identification on eleven of  
  sixty-three investor bank account reconciliations.  The sum of the
reconciling items for those eleven reconciliations was $216,950.

  Also, among a sample of sixty-five adjustable rate mortgages there
    were two instances where certain adjustable rate mortgages for which
the interest rate reset in the servicing system did not agree to
interest rates in the appropriate source index per the borrowers
note documents.  These were the result of incorrect information 
transferring from the prior servicer.  Additionally, the same   
    sixty-five mortgages included one instance where the adjustable rate
     mortgage payment change date in the servicing system did not agree to
the loan documents.                                             

See Item 15, exhibit 33 and 34.                                         

Item 1123 of Regulation AB, Servicer Compliance Statement.                  

    The servicer compliance statements are attached hereto under
Item 15.                                                

PART IV         

Item 15. Exhibits, Financial Statement Schedules.                           

(a)(3) Exhibits                                                           

(4.1) Pooling and Servicing Agreement, dated as of July 1, 2006, by and 
    among Asset Backed Funding Corporation, Credit-Based Asset Servicing
and Securitization LLC, Litton Loan Servicing LP and U.S. Bank  
    National Association (including exhibits), incorporated by reference
from Exhibit 4.1 of the registrant's Current Report on Form 8-k 
filed on August 15, 2006.                                       

(10.1) Custodial Agreement, dated as of July 1, 2006, by and among      
 U.S. Bank National Association (including exhibits), incorporated
by reference from Exhibit 10.1 of the registrant's Current      
Report on Form 8-k filed on August 15, 2006.                    

(31) Rule 13a-14(d)/15d-14(d) Certifications.                           

(33) Reports on assessment of compliance with servicing criteria for    
asset-backed securities.                                      

a) Litton Loan Servicing LP, as Servicer                            
b) U.S. Bank National Association, as Trustee                       
c) The Bank of New York, as Custodian                               

(34) Attestation reports on assessment of compliance with servicing   
criteria for asset-backed securities.                       

a) Litton Loan Servicing LP, as Servicer                            
b) U.S. Bank National Association, as Trustee                       
c) The Bank of New York, as Custodian                               

(35) Servicer compliance statement.                                   

a) Litton Loan Servicing LP, as Servicer                            

(b) See 15(a)(3).                                                         

(c) Not Applicable.                                                       

SIGNATURES      

Pursuant to the requirements of Section 13 or 15(d) of the Securities       
Exchange Act of 1934, the registrant has duly caused this report to be      
signed on its behalf by the undersigned, thereunto duly authorized.         

C-BASS 2006-CB6 Trust                                                 
by:  Litton Loan Servicing LP, as Servicer                              

/s/ Elizabeth Folk                                                      
Senior Vice President and Chief Financial Officer                       
(senior officer in charge of the servicing function of the servicer)    

Date:      March 30, 2007                                               

Supplemental information to be furnished with reports filed                 
pursuant to seciton 15(d) of the Act by Registrants which have              
not registered securities pursuant to Section 12 of the Act.                

No annual report, proxy statement, form of proxy or other proxy             
solicitating material has been sent to certificateholders, and              
the registrant does not presently contemplate sending any such              
materials subsequent to the filing of this report.                          

Exhibit Index                                                               

Exhibit No.                                                                 

 (4.1) Pooling and Servicing Agreement, dated as of July 1, 2006, by and
    among Asset Backed Funding Corporation, Credit-Based Asset Servicing
and Securitization LLC, Litton Loan Servicing LP and U.S. Bank  
    National Association (including exhibits), incorporated by reference
from Exhibit 4.1 of the registrant's Current Report on Form 8-k 
filed on August 15, 2006.                                       

(10.1) Custodial Agreement, dated as of July 1, 2006, by and among      
 U.S. Bank National Association (including exhibits), incorporated
by reference from Exhibit 10.1 of the registrant's Current      
Report on Form 8-k filed on August 15, 2006.                    

(31) Rule 13a-14(d)/15d-14(d) Certifications.                           

(33) Reports on assessment of compliance with servicing criteria for    
asset-backed securities.                                      

a) Litton Loan Servicing LP, as Servicer                            
b) U.S. Bank National Association, as Trustee                       
c) The Bank of New York, as Custodian                               

(34) Attestation reports on assessment of compliance with servicing   
criteria for asset-backed securities.                       

a) Litton Loan Servicing LP, as Servicer                            
b) U.S. Bank National Association, as Trustee                       
c) The Bank of New York, as Custodian                               

(35) Servicer compliance statement.                                   

a) Litton Loan Servicing LP, as Servicer                            

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		3/30/07
		3/28/07
		3/27/07
		3/26/07
		3/23/07
		3/21/07
		3/20/07
		3/16/07
		3/14/07
		3/13/07
		3/12/07
		3/7/07
		3/2/07
		3/1/07		10-D/A
		2/27/07
		2/8/07
		2/7/07
For Period End:		12/31/06
		8/15/06		8-K
		7/1/06
		4/7/06
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