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: 333-127970-03
First Franklin Mortgage Loan Trust 2006-FFH1
(exact name of issuing entity as specified in its charter)
Asset Backed Funding Corporation
(exact name of the depositor as specified in its charter)
Bank of America, National Association
(exact name of the sponsor as specified in its charter)
New York 54-2195432
(State or other jurisdiction of 54-2195433
incorporation or organization) 54-2195434
(I.R.S. Employer
Identification No.)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
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.
Not Applicable. Registrant is not an accelerated filer or
well-known seasoned issuer.
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 Registrants 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 registrant knows of no material pending legal or governmental
proceedings involving the Issuing Entity and all parties related to
such Issuing Entity, other than routine litigation incidental to
the duties of those respective parties.
Item 1119 of Regulation AB, Affiliations and Certain Relationships and
Related Transactions.
No changes to the information provided in the prospectus filed
pursuant to Rule 424 of the Securities Act of 1933, as amended,
under the same Central Index Key (CIK) as this annual report on
Form 10-K.
Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.
The reports on assessment of compliance with servicing criteria
and registered public accounting firm attestation reports are
attached hereto under Item 15. The following material instances of
non-compliance are identified therein:
The assessemnt of compliance for Home Loan Services, Inc. has
disclosed material noncompliance with Item 1122 Servicing Criteria
applicable to Home Loan Services, Inc.during the year ended
December 31, 2006, as follows:
Item: Description of material noncompliance:
1122 (d)(4)(x) A For a sample of 60 loans with escrow
accounts, 5 escrow accounts were not
analyzed within a 12 month period.
1122 (d)(4)(x) C For a sample of 60 loans with escrow
accounts, escrow funds were not returned
within 30 days after payoff for 2 loans.
1122 (d)(1)(i) Home Loan Services, Inc. had not
instituted policies and procedures to
monitor any performance or other triggers
in accordance with the transaction
agreements.
The assessment of compliance for First American Real Estate
Solutions of Texas, L.P. has disclosed material noncompliance with
Item 1122(d)(2)(vii)(B) during the year ended December 31, 2006.
Specifically, First American Real Estate Solutions of
Texas, L.P. did not prepare reconciliations for all asset-backed
securities related bank accounts within 30 calendar days after the
bank statement cut-off date or such number of days specified in the
transaction agreements.
The assessemnt of compliance for Wells Fargo Bank, N.A.
(Corporate Trust Services) has disclosed material noncompliance with
Item 1122(d)(3)(i), as applicable to Wells Fargo Bank, N.A. during
the twelve months ended December 31, 2006. Certain monthly investor
or remittance reports included errors in the calculation and/or the
reporting of delinquencies for the pool assets.
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) Exhibits
(4.1) Pooling and Servicing Agreement, dated February 1, 2006, by and among
Asset Backed Funding Corporation, National City HOme Loan Services, Inc.
and Wells Fargo Bank, N.A. (including exhibits), incorporated by
reference from Exhibit 4.1 of the issuing entity's Current Report on
Form 8-K filed on March 17, 2006.
(4.2) Mortgage Loan Purchase Agreement, dated February 1, 2006 by and between
Asset Backed Funding Corporation and Bank of America, National
Association (including exhibits), incorporated by reference from
Exhibit 4.2 of the issuing entity's Current Report on Form 8-K filed on
March 17, 2006.
(10.1) Flow Sale and Servicing Agreement, dated November 1, 2005, among Bank
of America, National Association, First Franklin Financial Corporation
and National City Home Loan Services, Inc. (including exhibits),
incorporated by reference from Exhibit 10.1 of the issuing entity's
Current Report on Form 8-K filed on March 17, 2006.
(10.2) Assignment, Assumption and Recognition Agreement, dated February 28,
2006, among Asset Backed Funding Corporation, Bank of America, National
Association, First Franklin Financial Corporation and National City
Home Loan Services, Inc. (including exhibits), incorporated by
reference from Exhibit 10.2 of the issuing entity's Current Report on
Form 8-K filed on March 17, 2006.
(31) Rule 13a-14(d)/15d-14(d) Certifications.
(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.
<s> <c>
a) Assurant Inc. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc. <F1>
b) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City
Home Services, Inc.<F1>
c) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer <F1>
d) Regulus Group LLC as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., <F1>
e) Wells Fargo Bank, N.A., as Trustee <F1>
f) Wells Fargo Bank, N.A., as Custodian <F1>
(34) Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities.
<s> <c>
a) Assurant Inc. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., <F1>
b) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City
Home Services, Inc., <F1>
c) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer <F1>
d) Regulus Group LLC as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc. <F1>
e) Wells Fargo Bank, N.A., as Trustee <F1>
f) Wells Fargo Bank, N.A., as Custodian <F1>
(35) Servicer compliance statement.
<s> <c>
a) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer <F1>
b) Wells Fargo Bank, N.A., as Trustee <F1>
(b) Not applicable.
(c) Omitted.
<F1> Filed herewith.
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.
Asset Backed Funding Corporation
(Depositor)
/s/ Daniel B. Goodwin
Daniel B. Goodwin, President
Date: March 27, 2007
Exhibit Index
Exhibit No.
(4.1) Pooling and Servicing Agreement, dated February 1, 2006, by and among
Asset Backed Funding Corporation, National City HOme Loan Services, Inc.
and Wells Fargo Bank, N.A. (including exhibits), incorporated by
reference from Exhibit 4.1 of the issuing entity's Current Report on
Form 8-K filed on March 17, 2006.
(4.2) Mortgage Loan Purchase Agreement, dated February 1, 2006 by and between
Asset Backed Funding Corporation and Bank of America, National
Association (including exhibits), incorporated by reference from
Exhibit 4.2 of the issuing entity's Current Report on Form 8-K filed on
March 17, 2006.
(10.1) Flow Sale and Servicing Agreement, dated November 1, 2005, among Bank
of America, National Association, First Franklin Financial Corporation
and National City Home Loan Services, Inc. (including exhibits),
incorporated by reference from Exhibit 10.1 of the issuing entity's
Current Report on Form 8-K filed on March 17, 2006.
(10.2) Assignment, Assumption and Recognition Agreement, dated February 28,
2006, among Asset Backed Funding Corporation, Bank of America, National
Association, First Franklin Financial Corporation and National City
Home Loan Services, Inc. (including exhibits), incorporated by
reference from Exhibit 10.2 of the issuing entity's Current Report on
Form 8-K filed on March 17, 2006.
(31) Rule 13a-14(d)/15d-14(d) Certifications.
(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.
<s> <c>
a) Assurant Inc. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc.
b) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City
Home Services, Inc.
c) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer
d) Regulus Group LLC as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc.
e) Wells Fargo Bank, N.A., as Trustee
f) Wells Fargo Bank, N.A., as Custodian
(34) Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities.
<s> <c>
a) Assurant Inc. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc.
b) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City
Home Services, Inc.
c) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer
d) Regulus Group LLC as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc.
e) Wells Fargo Bank, N.A., as Trustee
f) Wells Fargo Bank, N.A., as Custodian
(35) Servicer compliance statement.
<s> <c>
a) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer
d) Wells Fargo Bank, N.A., as Trustee
EX-31 Rule 13a-14(d)/15d-14(d) Certifications
FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FFH1,
ASSET-BACKED CERTIFICATES, SERIES 2006-FFH1
I, Daniel B. Goodwin, the President of Asset-Backed Funding Corporation (the
"Depositor") certify that:
1. I have reviewed this report on Form 10-K and all reports on Form 10-D
required to be filed in respect of the period covered by this report on
Form 10-K of the First Franklin Mortgage Loan Trust 2006-FFH1 (the
"Exchange Act periodic reports");
2. Based on my knowledge, the Exchange Act periodic reports, taken as a
whole, do not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading
with respect to the period covered by this report;
3. Based on my knowledge, all of the distribution, servicing and other
information required to be provided under Form 10-D for the period covered
by this report is included in the Exchange Act periodic reports;
4. Based on my knowledge and the servicer compliance statements required in
this report under Item 1123 of Regulation AB, and except as disclosed in
the Exchange Act periodic reports, the servicers have fulfilled their
obligations under the pooling and servicing agreement, in all material
respects; and
5. All of the reports on assessment of compliance with the servicing
criteria for asset-backed securities and their related attestation reports
on assessment of compliance with servicing criteria for asset-backed
securities required to be included in this report in accordance with Item
1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been
included as an exhibit to this report, except as otherwise disclosed in
this report. Any material instances of noncompliance described in such
reports have been disclosed in this report on Form 10-K.
In giving the certifications above, I have reasonably relied on
information provided to me by the following unaffiliated parties:
Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc.
and Wells Fargo Bank, N.A.
Dated: March 27, 2007
/s/ Daniel B. Goodwin
Signature
President
Title
EX-33 (a)
REPORT ON ASSESSMENT OF COMPLIANCE WITH
Section 1122(d)(2)(vi) and Section 1122(d)(4)(xi)
of REGULATION AB SERVICING CRITERIA
American Security Insurance Company, Standard Guaranty Insurance Company and
Safeco Financial Institution Solutions, Inc. (affiliates of Assurant Inc.,
collectively the "Asserting Party") is responsible for assessing compliance as
of December 31, 2006 and for the period from January 1, 2006 through December
31, 2006 (the "Reporting Period") with the servicing criteria set forth in
Section 1122(d)(2)(vi), Section 1122(d)(4)(xi) and Section 1122(d)(4)(xii) of
Title 17, Section 229.1122(d) of the Code of Federal Regulations, which the
Asserting Party has concluded are applicable to the insurance escrow servicing
activities it performs with respect to all mortgage loan-tracking transactions
covered by this report. The transactions covered by this report include all
mortgage loan-tracking transactions for which the Asserting Party served as a
Vendor on behalf of Servicers for such asset-backed securities transactions that
were registered after January 1, 2006 with the Securities and Exchange
Commission pursuant to the Securities Act of 1933 (the "Platform"). The scope of
the Asserting Party assertions excludes Section 1122(d)(4)(xii) of Title 17,
Section 229.1122(d) of the Code of Federal Regulations, which relates to
servicing activities that are performed by the Asserting Party with respect to
the Platform, but are not reported on herein.
The Asserting Party has assessed its compliance with Section 1122(d)(2)(vi) and
Section 1122(d)(4)(xi) ("the Applicable Servicing Criteria") for the Reporting
Period and has concluded that the Asserting Party has complied, in all material
respects, with the Applicable Servicing Criteria for the Reporting Period with
respect to the Platform taken as a whole. The Asserting Party used the criteria
set forth in paragraph (d) of Item 1122 of Regulation AB to assess the
compliance with the Applicable Servicing Criteria.
The Asserting Party has complied, in all material respects, with the Applicable
Servicing Criteria for the Reporting Period.
PricewaterhouseCoopers LLP, an independent registered public accounting firm,
has issued an attestation report on the assessment of compliance with the
Applicable Servicing Criteria as of and for the Reporting Period ending December
31, 2006 as set forth in this assertion.
American Security Insurance Company
Standard Guaranty Insurance Company
Safeco Financial Institution Solutions, Inc.
/s/ John Frobose
By: John Frobose
Senior Vice President
Date: February 23, 2007
EX-33 (b)
REPORT ON ASSESSMENT OF COMPLIANCE
First American Real Estate Solutions of Texas, L.P. (an indirect subsidiary of
The First American Corporation, and the "Asserting Party") is responsible for
assessing compliance as of December 31, 2006, and for the period from January 1,
2006 through December 31, 2006 (the "Reporting Period") with the servicing
criteria set forth in Title 17, Sections 229.1122(d)(1)(iv), (d)(2)(v),
(d)(2)(vi), (d)(2)(vii), (d)(4)(xi), (d)(4)(xii) and (d)(4)(xiii) of the Code of
Federal Regulations (the "CFR") applicable to the Asserting Party (the
"Applicable Servicing Criteria"). The transactions covered by this report
include all loans for residential mortgage loan outsourcing customers for which
the Asserting Party served as the residential tax service provider (the
"Platform").
The Asserting Party has assessed its compliance with the Applicable Servicing
Criteria for the Reporting Period and has concluded that, except as set forth
hereinbelow, the Asserting Party has complied, in all material respects, with
the Applicable Servicing Criteria as of December 31, 2006, and for the Reporting
Period with respect to the Platform taken as a whole.
The Asserting Party assessed its compliance with the Applicable Servicing
Criteria for the Reporting Period and has identified a material instance of
noncompliance with the servicing criterion set forth in Section
229.1122(d)(2)(vii)(B) of the CFR with respect to the Platform. Specifically,
the Asserting Party did not prepare reconciliations for all asset-backed
securities related bank accounts within 30 calendar days after the bank
statement cut-off date or such number of days specified in the transaction
agreements.
PricewaterhouseCoopers LLP, an independent registered public accounting firm,
has issued an attestation report on the assessment of compliance with the
Applicable Servicing Criteria as of December 31, 2006, and for the Reporting
Period as set forth in this assertion.
FIRST AMERICAN REAL ESTATE SOLUTIONS OF TEXAS, L.P.
By: First American Real Estate Solutions LLC
General Partner
/s/ Lucy A. Przybyla
Lucy A. Przybyla
Senior Vice President
February 28, 2007
EX-33 (c)
(logo) HOME LOAN SERVICES
Management's Certification Regarding Compliance with Securities and Exchange
Commission Regulation AB Servicing Criteria
1. Home Loan Services, Inc, f/k/a National City Home Loan Services, Inc (the
"Servicer") is responsible for assessing compliance by it with the servicing
criteria under paragraph (d) of Item 1122 of the Securities and Exchange
Commissions' Regulation AB, except for sections 1122(d)(I)(iii), (d)(3)(i)C,
(d)(4)(ii),(xi), and (xii), which are not applicable to the activities the
Servicer performs with respect to the Platform, as of December 31, 2006, and for
the period January 1, 2006 through December 31, 2006. The Platform is comprised
of all serviced first and second lien residential mortgage loans sold in public
securitizations closed during December 2004, and calendar years ended December
31, 2005 and 2006 (see attached Appendix A);
2. Except as set forth in paragraph 1 above, the Servicer used the criteria set
forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance
with the applicable servicing criteria;
3. The Servicer has complied, in all material respects, with the applicable
servicing criteria as of and for the period ended December 31, 2006, except for
1122(d)(l)(i) pertaining to policies and procedures to monitor any performance
or other triggers in accordance with the transaction agreements although daily
delinquency and static pool reports exist but were not utilized to calculate the
triggers, 1122(d)(4)(x)A where 5 of 60 escrow accounts sampled were not analyzed
within a 12 month period, but where 4 accounts were analyzed within 1 week after
said deadline; and for 1122(d)(4)(x)C, 2 of 60 escrow accounts sampled, where
escrow funds were not returned within 30 days after payoff, but were returned
within 34 and 67 days, respectively, after payoff;
5. A registered public accounting firm has issued an attestation report on the
Servicer's assessment of compliance with the applicable servicing criteria as of
and for the period ending December 31, 2006.
March 1, 2007
Home Loan Services, Inc
/s/Steven A. Baranet
Steven A. Baranet
Vice President, Investor Reporting
Loan Services
P.O. Box 1838
Pittsburgh, PA 15230-1838
(logo) Merrill Lynch
Home Loan Services is a subsidiary
of Merrill Lynch Bank and Trust Co., FSB
(logo) Equal Housing Lender
(page)
Appendix A
Home Loan Services, Inc.
Reg AB Platform
FFMLT 2004-FF11
FFMLT 2005-FFA
FFMLT 2005-FF2
FFMLT 2005-FF3
FFMLT 2005-FF4
SASCO 2005-S4
FFMLT 2005-FFH3
SOUNDVIEW 2005-4
FFMLT 2005-FF8
FFMLT 2005-FF9
FFMLT 2005-FF10
FFMLT 2005-FF11
FFMLT 2005-FF12
SAIL 2005-10
FFMLT 2005-FFH4
HSIASCT 2005-11
FFMLT 2006-FF1
FFMLT 2006-FF2
FFMLT 2006-FFH1
FFMLT 2006-FF3
FFMLT 2006-FF4
FFMLT 2006-FF5
FFMLT 2006-FF6
FFMLT 2006-FF7
FFMLT 2006-FF8
FFMLT 2006-FF9
FFMLT 2006-FF10
FFMLT 2006-FF12
FFMLT 2006-FF13
FFMLT 2006-FF14
FFMLT 2006-FF15
FFMLT 2006-FFA
FFMLT 2006-FF16
FFMLT 2006-FF17
FFMLT 2006-FFB
FFMLT 2006-FF18
MLMIT 2006-FF1
GSAA 2006-S1
EX-33 (d)
(logo) REGULUS
Management's Report on Assessment of Compliance
with Regulation AB Servicing Criteria
1. Pursuant to Subpart 229.1100 - Asset Backed Securities, 17 C.F.R. sections
229.1100- 229.1123 ("Regulation AB"), Regulus Group LLC, for itself and its
wholly-owned subsidiaries (individually and collectively "Regulus"), is
responsible for assessing its compliance with the servicing criteria
applicable to the remittance processing services it provides to customers who
are issuers or servicers of asset backed securities transactions and who have
requested confirmation of Regulus' compliance in connection with loan and/or
receivables portfolios that include pool assets for asset backed securities
transactions (the "Platform"). Remittance processing is a service whereby
check payments that are remitted by mail to a post office box are collected,
processed through a highly automated data capture system, and prepared for
deposit to a bank account held by the beneficiary of the payment.
2. The servicing criteria set forth in Item 1122(d) of Regulation AB were used
in Regulus' assessment of compliance. Regulus has concluded that the
servicing criteria set forth in Items 1122(d)(2)(i) and 1122(d)(4)(iv) of
Regulation AB are applicable to the servicing activities it performs with
respect to the Platform (such criteria the "Applicable Servicing Criteria").
Regulus has concluded that the remainder of the servicing criteria set forth
in Item 1122(d) of Regulation AB are inapplicable to the activities it
performs with respect to the Platform because Regulus does not participate
in the servicing activities referenced by such servicing criteria.
3. As of and for the year ending December 31, 2006, Regulus has complied in all
material respects with the Applicable Servicing Criteria set forth in Item
1122(d) of Regulation AB.
/s/ Kimberlee Clark
Kimberlee Clark
Chief Financial Officer
February 22, 2007
860 LATOUR COURT * NAPA, CA * 94558 * TEL: 707.254.4000
* FAX: 707.254.4070 * REGULUSGROUP.COM
EX-33 (e)
(logo) WELLS FARGO
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
410 884-2000
410 715-2380 Fax
Wells Fargo Bank, N.A.
ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICING CRITERIA
Corporate Trust Services division of Wells Fargo Bank, National Association (the
"Company") provides this assessment of compliance with the following applicable
servicing criteria set forth in Item 1122(d) of Regulation AB promulgated by
the Securities and Exchange Commission. Management has determined that the
servicing criteria are applicable in regards to the servicing platform for the
period as follows:
Platform: Publicly-issued (i.e., transaction-level reporting initially required
under the Securities Exchange Act of 1934, as amended) residential
mortgage-backed securities, commercial mortgage-backed securities and other
asset-backed securities, for which the Company provides master servicing,
trustee, securities administration or paying agent services, excluding
transactions issued by any agency or instrumentality of the U.S. government or
any government sponsored entity (the "Platform").
Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d),
to the extent required in the related transaction agreements or required by the
Item 1122(d) servicing criteria in regards to the activities performed by the
Company, except for the following criteria: 1122(d)(1)(iii), 1122(d)(4)(ii),
1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x),
1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which management has
determined are not applicable to the activities the Company performs with
respect to the Platform (the "Applicable Servicing Criteria").
Period: Twelve months ended December 31, 2006 (the "Period").
Third parties classified as vendors: With respect to servicing criteria
1122(d)(4)(i), the Company has engaged various vendors to handle certain Uniform
Commercial Code filing functions required by the servicing criteria ("vendors").
The Company has determined that none of the vendors is a "servicer" as defined
in Item 1101(j) of Regulation AB, and the Company elects to take responsibility
for assessing compliance with the portion of the servicing criteria applicable
to each vendor as permitted by Interpretation 17.06 of the SEC Division of
Corporation Finance Manual of Publicly Available Telephone Interpretations
("Interpretation 17.06"). The Company has policies and procedures in place to
provide reasonable assurance that each vendor's activities comply in all
material respects with the servicing criteria applicable to each vendor. The
Company is solely responsible for determining that it meets the SEC requirements
to apply Interpretation 17.06 for the vendors and related criteria.
With respect to the Platform and the Period, the Company provides the following
assessment of compliance with respect to the Applicable Servicing Criteria:
1. The Company is responsible for assessing its compliance with the Applicable
Servicing Criteria.
2. The Company has assessed compliance with the Applicable Servicing Criteria,
including servicing criteria for which compliance is determined based on
Interpretation 17.06 as described above, as of and for the Period. In performing
this assessment, management used the criteria set forth by the Securities and
Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.
3. Other than as identified on Schedule A hereto, as of and for the Period, the
Company was in material compliance with the Applicable Servicing Criteria. Any
material instances of noncompliance by a vendor of which the Company is aware
and any material deficiency in the Company's policies and procedures to monitor
vendors' compliance that the Company has identified is specified on Schedule A
hereto.
KPMG LLP, a registered public accounting firm, has issued an attestation
report with respect to the Company's foregoing assessment of compliance as of
and for the Period.
WELLS FARGO BANK, NATIONAL ASSOCIATION
By:/s/ Brian Bartlett
Brian Bartlett
Its: Executive Vice President
Dated: March 1, 2007
(page)
(logo) WELLS FARGO
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
410 884-2000
410 715-2380 Fax
Wells Fargo Bank, N.A.
Schedule A
Material Instances of Noncompliance by the Company
1122(d)(3)(i)- Delinquency Reporting - During the reporting period, certain
monthly investor or remittance reports included errors in the calculation and/or
the reporting of delinquencies for the pool assets, which errors may or may not
have been material. All such errors were the result of data processing errors
and/or the mistaken interpretation of data provided by other parties
participating in the servicing function. All necessary adjustments to data
processing systems and/or interpretive clarifications have been made to correct
those errors and to remedy related procedures.
Material instances of Noncompliance by any Vendor
NONE
Material Deficiencies In Company's Policies and Procedures to Monitor Vendors'
Compliance
NONE
EX-33 (f)
(logo) WELLS FARGO
Wells Fargo Bank, N.A.
Document Custody
1015 10th Avenue SE
Minneapolis, MN 55414
Appendix I
ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICING CRITERIA
Corporate Trust Services division of Wells Fargo Bank, National Association
(the "Company") is responsible for assessing compliance with the servicing
criteria set forth in Item 1122(d) of Regulation AB promulgated by the
Securities and Exchange Commission. The Company has determined that the
servicing criteria are applicable in regard to the servicing platform for the
period as follows:
Platform: Publicly-issued (i.e., transaction-level reporting required under
the Securities Exchange Act of 1934, as amended) residential mortgage-backed
securities and commercial mortgage-backed securities issued on or after January
1, 2006, for which the Company provides document custody services, excluding any
publicly issued transactions issued by any government sponsored entity (the
"Platform").
Applicable Servicing Criteria: The servicing criteria set forth in Item
1122(d)(4)(i) and 1122(d)(4)(ii), in regard to the activities performed by the
Company with respect to the Platform (the "Applicable Servicing Criteria"). The
Company has determined that all other servicing criteria set forth in Item
1122(d) are not applicable to the Platform.
Period: Twelve months ended December 31, 2006 (the "Period").
With respect to the Platform, the Company provides the following
assessment of compliance with respect to the Applicable Servicing Criteria:
1. The Company is responsible for assessing the Company's compliance with
the Applicable Servicing Criteria as of and for the Period.
2. The Company has assessed compliance with the Applicable Servicing
Criteria. In performing this assessment, the Company used the criteria set forth
by the Securities and Exchange Commission in paragraph (d) of Item 1122 of
Regulation AB.
3. Based on such assessment, as of and for the Period, the Company has
complied, in all material respects with the Applicable Servicing Criteria.
KPMG LLP, a registered public accounting firm, has issued an attestation
report with respect to the Company's assessment of compliance as of and for the
Period.
WELLS FARGO BANK, NATIONAL ASSOCIATION
By: /s/ Shari L. Gillund
Shari L. Gillund
Its: Senior Vice President
Dated: March 1, 2007
EX-34 (a)
(logo) PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP
10 Tenth Street, Northwest
Suite 1400
Atlanta, GA 30309-3851
Telephone (678) 419 1000
Facsimile (678) 419 1239
www.pwc.com
Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Directors
of Assurant, Inc.:
We have examined management's assertion, included in the accompanying
management's Report on Assessment of Compliance with 1122(d)(2)(vi) and
1122(d)(4)(xi) of Regulation AB Servicing Criteria, that American Security
Insurance Company, Standard Guaranty Insurance Company and Safeco Financial
Institution Solutions, Inc. (affiliates of Assurant Inc., collectively the
"Asserting Party") complied with the servicing criteria set forth in Item
1122(d) of the Securities and Exchange Commission's Regulation AB for all
mortgage loan-tracking transactions for which the Asserting Party served as a
Vendor on behalf of Servicers for such asset-backed securities transactions that
were registered after January 1, 2006 with the Securities and Exchange
Commission pursuant to the Securities Act of 1933 (the "Platform"), as of
December 31, 2006 and for the year then ended, excluding (i) criteria
1122(d)(1)(i) through 1122 (d)(1)(iv), 1122 (d)(2)(i) through 1122(d)(2)(v),
1122(d)(2)(vii), 1122(d)(3)(i) through 1122(d)(3)(iv), 1122(d)(4)(i) through
1122(d)(4)(x) and 1122(d)(4)(xiii) through 1122(d)(4)(xv), which the Asserting
Party has determined are not applicable to the activities performed by it with
respect to the Platform and (ii), criterion 1122(d)(4)(xii), which relates to
servicing activities that are applicable to the Platform, but are excluded from
the scope of management's assertion and are not reported on herein. Management
is responsible for the Company's compliance with the servicing criteria. Our
responsibility is to express an opinion on management's assertion based on our
examination.
Our examination was conducted in accordance with standards of the Public Company
Accounting Oversight Board (United States) and, accordingly, included examining,
on a test basis, evidence about the Company's compliance with the applicable
servicing criteria and performing such other procedures as we considered
necessary in the circumstances. Our examination included testing of selected
asset-backed transactions and securities that comprise the Platform, testing of
selected servicing activities related to the Platform, and determining whether
the Company processed those selected transactions and performed those selected
activities in compliance with the applicable servicing criteria. Our procedures
were limited to the selected transactions and servicing activities performed by
the Company during the period covered by this report. Our procedures were not
designed to detect noncompliance arising from errors that may have occurred
prior to or subsequent to our tests that may
1
(page)
have affected the balances or amounts calculated or reported by the Company
during the period covered by this report. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the servicing criteria.
In our opinion, management's assertion that the Asserting Party complied with
the aforementioned applicable servicing criteria as of and for the year ended
December 31, 2006 for the Platform is fairly stated, in all material respects.
/s/ PricewaterhouseCoopers LLP
Atlanta, Georgia
February 23, 2007
2
EX-34 (b)
(logo) PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP
Suite 1800
2001 Ross Ave.
Dallas TX 75201-2997
Telephone (214) 999 1400
Facsimile (214) 754 7991
www.pwc.com
Report of Independent Registered Public Accounting Firm
To the Board of Directors of The First American Corporation:
We have examined First American Real Estate Solutions of Texas, L.P.'s (the
"Company" and an indirect subsidiary of The First American Corporation),
compliance with the servicing criteria set forth in Item 1122(d) of the
Securities and Exchange Commission's Regulation AB for all loans for residential
mortgage loan outsourcing customers for which the Company served as the
residential tax service provider (the "Platform") described in the accompanying
Report on Assessment of Compliance, as of December 31, 2006 and for the year
then ended, excluding criteria 1122(d)(1)(i)-(iii), 1122(d)(2)(i)-(iv),
1122(d)(3)(i)-(iv), 1122(d)(4)(i)-(x) and 1122(d)(4)(xiv)-(xv), which the
Company has determined are not applicable to the servicing activities performed
by it with respect to the Platform. Management is responsible for the Company's
compliance with the servicing criteria. Our responsibility is to express an
opinion on the Company's compliance with the servicing criteria based on our
examination.
Our examination was conducted in accordance with standards of the Public
Company Accounting Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
applicable servicing criteria and performing such other procedures as we
considered necessary in the circumstances. Our examination included testing of
selected securities that comprise the Platform, testing of selected servicing
activities related to the Platform, and determining whether the Company
processed those selected transactions and performed those selected activities in
compliance with the applicable servicing criteria. Our procedures were
limited to the selected transactions and servicing activities performed by the
Company during the period covered by this report. Our procedures were not
designed to detect noncompliance, arising from errors that may have occurred
prior to or subsequent to our tests that may have affected the balances or
amounts calculated or reported by the Company during the period covered by this
report. We believe that our examination provides a reasonable basis for our
opinion. Our examination does not provide a legal determination on the Company's
compliance with the servicing criteria.
Our examination disclosed the following material instance of noncompliance with
the servicing criteria set forth in item 1122(d)(2)(vii)(B) of Regulation AB
applicable to the Company during year ended December 31, 2006. Account
reconciliations for all asset-backed securities related bank accounts were not
prepared within 30 calendar days after the bank statement cutoff date, or such
other number of days specified in the transaction agreements as required by Item
1122(d)(2)(vii)(B) of Regulation AB.
In our opinion, except for the material instance of noncompliance described in
the preceding paragraph, First American Real Estate Solutions of Texas, L.P.
complied with the aforementioned applicable servicing criteria as of and for the
year ended December 31, 2006 for all loans for residential mortgage loan
outsourcing customers for which the Company served as the residential tax
service provider, in all material respects.
/s/ PricewaterhouseCoopers LLP
February 28, 2007
EX-34 (c)
(logo) Deloitte
Deloitte & Touche LLP
Two World Financial Center
New York, NY 10281-1414
USA
Tel: +1 212 436 2000
Fax: +1 212 436 5000
www.deloitte.com
Report of Independent Registered Public Accounting Firm
Home Loan Services, Inc.:
We have examined Home Loan Services, Inc.'s (the "Company's") compliance with
the servicing criteria set forth in item 1122 (d) of the Securities and Exchange
Commission's Regulation AB for the loans serviced by the Company that were first
and second lien residential mortgage loans sold in public securitizations closed
during December 2004, and calendar years ended December 31, 2005 and 2006 (the
"Platform") described in Management's Certification Regarding Compliance with
Securities and Exchange Commission Regulation AB Servicing Criteria as of and
for the year ended December 31, 2006, excluding criteria 1122 (d)1(iii); 1122
(d)(3)(i)C; and 1122 (d)4(ii), (xi), and (xii) which management has determined
are not applicable to the activities performed by the Company with respect to
the Platform. Appendix A to management's certification identifies the individual
asset-backed transactions defined by management as constituting the Platform.
Management is responsible for the Company's compliance with the servicing
criteria. Our responsibility is to express an opinion on the Company's
compliance with the servicing criteria based on our examination. Our examination
was conducted in accordance with attestation standards established by the
American Institute of Certified Public Accountants, as adopted by the Public
Company Accounting Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
applicable servicing criteria, including tests on a sample basis of the
servicing activities related to the Platform, determining whether the Company
performed those selected activities in compliance with the servicing criteria
during the specified period and performing such other procedures as we
considered necessary in the circumstances. Our procedures were limited to
selected servicing activities performed by the Company during the period covered
by this report and, accordingly, such samples may not have included servicing
activities related to each asset-backed transaction included in the Platform.
Further, an examination is not designed to detect noncompliance arising from
errors that may have occurred prior to the period specified above that may have
affected the balances or amounts calculated or reported by the Company during
the period covered by this report. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a legal
determination on the Company's compliance with the servicing criteria.
Member of
Deloitte Touche Tohmatsu
(page)
Our examination disclosed material noncompliance with SEC Regulation AB
Servicing Criteria applicable to the Company during the year ended December 31,
2006, as follows:
Item: Description of material noncompliance:
1122 (d)(4)(x) A For a sample of 60 loans with escrow accounts,
5 escrow accounts were not analyzed within a 12
month period.
1122 (d)(4)(x) C For a sample of 60 loans with escrow accounts, escrow
funds were not returned within 30 days after payoff
for 2 loans.
1122 (d)(1)(i) The Company had not instituted policies and
procedures to monitor any performance or other
triggers in accordance with the transaction
agreements.
In our opinion, except for the material noncompliance described in the preceding
paragraph, the Company complied with the aforementioned applicable servicing
criteria as of and for the year ended December 31, 2006 for the Platform, in all
material respects.
/s/Deloitte & Touche LLP
March 1, 2007
EX-34 (d)
(logo) KPMG
KPMG LLP
1601 Market Street
Philadelphia, PA 19103-2499
Report of Independent Registered Public Accounting Firm
The Board of Members
Regulus Group LLC:
We have examined management's assessment for those customers that management has
informed us have requested confirmation of compliance, included in the
accompanying Report on Assessment of Compliance with Regulation AB Servicing
Criteria, that Regulus Group LLC complied with the servicing criteria set
forth in Item 1122(d)(2)(i) and 1122(d)(4)(iv) of the Securities and Exchange
Commission's Regulation AB for remittance processing services to those issuers
of asset backed securities and servicers of loan and/or receivables portfolios
that include pool assets for asset backed securities transactions (the Platform)
as of and for the year ended December 31, 2006. Regulus Group LLC has determined
that the remainder of the servicing criteria are not applicable to the
activities it performs with respect to the Platform as of and for the year ended
December 31, 2006. Management is responsible for the Company's compliance with
those servicing criteria. Our responsibility is to express an opinion on
management's assessment about the Company's compliance based on our
examination.
Our examination was conducted in accordance with the standards of the Public
Company Accounting Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
servicing criteria specified above and performing such other procedures as we
considered necessary in the circumstances. Our examination included testing of
less than all of the individual asset-backed transactions and securities that
comprise the Platform, testing of less than all of the servicing activities
related to the Platform, and determining whether the Company processed those
selected transactions and performed those selected activities in compliance with
the servicing criteria. Furthermore, our procedures were limited to the selected
transactions and servicing activities performed by the Company during the period
covered by this report. Our procedures were not designed to determine whether
errors may have occurred either prior to or subsequent to our tests that may
have affected the balances or amounts calculated or reported by the Company
during the period covered by this report for the selected transactions or any
other transactions. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the
Company's compliance with the servicing criteria.
In our opinion, management's assessment that the Company complied with the
aforementioned servicing criteria as of and for the year ended December 31, 2006
is fairly stated, in all material respects.
/s/ KPMG LLP
Philadelphia, PA
February 22, 2007
KPMG LLP, a U.S. limited liability partnership, is the U.S.
member firm of KPMG International, a Swiss cooperative.
EX-34 (e)
(logo) KPMG
KPMG LLP
303 East Wacker Drive
Chicago, IL 60801-5212
Report of Independent Registered Public Accounting Firm
The Board of Directors
The Corporate Trust Services division of Wells Fargo Bank, National Association:
We have examined the compliance of the Corporate Trust Services division of
Wells Fargo Bank, National Association (the Company) with the servicing criteria
set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation
AB for publicly-issued (i.e., transaction-level reporting initially required
under the Securities Exchange Act of 1934, as amended) residential
mortgage-backed securities, commercial mortgage-backed securities and other
asset-backed securities, for which the Company provides master servicing,
trustee, securities administration or paying agent services, excluding
transactions issued by any agency or instrumentality of the U.S. government or
any government sponsored entity (the Platform), except for servicing criteria
1122(d)(1)(iii), 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v),
1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi),
1122(d)(4)(xii) and 1122(d)(4)(xiii), which the Company has determined are not
applicable to the activities it performs with respect to the Platform, as of and
for the twelve months ended December 31, 2006. Management is responsible for the
Company's compliance with those servicing criteria. Our responsibility is to
express an opinion on management's assertion about the Company's compliance
based on our examination.
Our examination was conducted in accordance with the standards of the Public
Company Accounting Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
servicing criteria specified above and performing such other procedures as we
considered necessary in the circumstances. Our examination included testing of
less than all of the individual asset-backed transactions and securities that
comprise the Platform, testing of less than all of the servicing activities
related to the Platform, and determining whether the Company processed those
selected transactions and performed those selected activities in compliance with
the servicing criteria. Furthermore, our procedures were limited to the selected
transactions and servicing activities performed by the Company during the period
covered by this report. Our procedures were not designed to determine whether
errors may have occurred either prior to or subsequent to our tests that may
have affected the balances or amounts calculated or reported by the Company
during the period covered by this report for the selected transactions or any
other transactions. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the
Company's compliance with the servicing criteria.
As described in the accompanying management's Assessment of Compliance With
Applicable Servicing Criteria, for servicing criteria 1122(d)(4)(i), the Company
has engaged various vendors to perform the activities required by these
servicing criteria. The Company has determined that these vendors are not
considered a "servicer" as defined in Item 1101(j) of Regulation AB, and the
Company has elected to take responsibility for assessing compliance with the
servicing criteria applicable to each vendor as permitted by Interpretation
17.06 of the SEC Division of Corporation Finance Manual of Publicly Available
Telephone Interpretations ("Interpretation 17.06"). As permitted by
Interpretation 17.06, the Company has asserted that it has policies and
KPMG LLP, a U.S. limited liability partnership, in the U.S. member firm
of KPMG International, a Swiss cooperative.
(page)
(logo) KPMG
procedures in place designed to provide assurance that the vendors' activities
comply in all material respects with the servicing criteria applicable to each
vendor. The Company is solely responsible for determining that it meets the SEC
requirements to apply Interpretation 17.06 for the vendors and related criteria
as described in its assertion, and we performed no procedures with respect to
the Company's eligibility to apply Interpretation 17.06.
Our examination disclosed material noncompliance with criterion 1122(d)(3)(i),
as applicable to the Company during the twelve months ended December 31, 2006.
Certain monthly investor or remittance reports included errors in the
calculation and/or the reporting of delinquencies for the pool assets.
In our opinion, except for the material non-compliance described above, the
Company complied, in all material respects, with the aforementioned servicing
criteria, including servicing criteria for which compliance is determined based
on Interpretation 17.06 as discussed above, as of and for the twelve months
ended December 31, 2006.
/s/ KPMG LLP
Chicago, IL 60601
March 1, 2007
EX-34 (f)
(logo) KPMG
KPMG LLP
303 East Wacker Drive
Chicago, IL 60601-5212
Report of Independent Registered Public Accounting Firm
The Board of Directors
The Corporate Trust Services division of Wells Fargo Bank National Association:
We have examined management's assertion, included in the accompanying Appendix
I, that the Document Custody section of the Corporate Trust Services division of
Wells Fargo Bank National Association complied with the servicing criteria set
forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB
for publicly-issued (i.e., transaction-level reporting required under the
Securities Exchange Act of 1934, as amended) residential mortgage-backed
securities and commercial mortgage-backed securities issued on or after January
1, 2006 for which the Company provides document custody services, excluding any
publicly issued transactions issued by any government sponsored entity (the
Platform) as of and for the twelve months ended December 31, 2006. Management
has determined that servicing criteria 1122(d)(4)(i) and 1122(d)(4)(ii) are
applicable to the activities it performs with respect to the Platform, and that
all other servicing criteria set forth in Item 1122(d) are not applicable to the
document custody services provided by the Company with respect to the Platform.
Management is responsible for the Company's compliance with those servicing
criteria. Our responsibility is to express an opinion on management's assertion
about the Company's compliance based on our examination.
Our examination was conducted in accordance with the standards of the Public
Company Accounting Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
servicing criteria specified above and performing such other procedures as we
considered necessary in the circumstances. Our examination included testing of
less than all of the individual asset-backed transactions and securities that
comprise the Platform, testing of less than all of the servicing activities
related to the Platform, and determining whether the Company processed those
selected transactions and performed those selected activities in compliance with
the servicing criteria. Furthermore, our procedures were limited to the selected
transactions and servicing activities performed by the Company during the period
covered by this report. Our procedures were not designed to determine whether
errors may have occurred either prior to or subsequent to our tests that may
have affected the balances or amounts calculated or reported by the Company
during the period covered by this report for the selected transactions or any
other transactions. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the
Company's compliance with the servicing criteria.
In our opinion, management's assertion that the Company complied with the
aforementioned servicing criteria as of and for the period ended December 31,
2006 is fairly stated, in all material respects.
/s/ KPMG LLP
Chicago, Illinois
March 1, 2007
KPMG LLP, a U.S. limited liability partnership, is the U.S. member firm of KPMG
International, a Swiss cooperative.
EX-35 (a)
(logo) HOME LOAN SERVICES
Asset Backed Funding Corp.
Attn: FFMLT 2006-FFH1
100 North Tryon Street, 11th Floor
Charlotte, NC 28255
Wells Fargo Bank, N.A.
PO Box 98
Columbia, MD 21046
Wells Fargo Bank, N.A.
Attn: Kimberly Wiggins
9062 Old Annapolis Road
Columbia, MD 21045
FORM OF ANNUAL STATEMENT AS TO COMPLIANCE
FFMLT, SERIES 2006-FFH1
I, Steven A. Baranet, hereby certify that I am a duly appointed Vice President
of Home Loan Services, Inc., f/k/a National City Home Loan Services (the
"Servicer"), and further certify as follows:
1. This certification is being made pursuant to the terms of the Pooling and
Servicing Agreement, dated as of February 1, 2005 (the "Agreement"), among
Asset Backed Funding Corp., as depositor, Home Loan Services, Inc. f/k/a
National City Home Loan Services, as Servicer, Wells Fargo Bank, N.A., as
trustee.
2. I have reviewed the activities of the Servicer during the preceding year
and the Servicer's performance under the Agreement and to the best of my
knowledge, based on such review, the Servicer has fulfilled all of its
obligations under the Agreement throughout the year.
IN WITNESS WHEREOF, the undersigned has executed this Certificate as of March 1,
2007
HOME LOAN SERVICES, INC.,
f/k/a NATIONAL CITY SERVICES, INC. HOME LOAN
By: /s/ Steven A. Baranet
Name: Steven A. Baranet
Title: Vice President
Loan Services
P0. Box 1838
Pittsburgh, PA 15230-1838
(logo) Merrill Lynch
Home Loan Services is a subsidiary
of Merrill Lynch Bank and Trust Co., FSB
(logo) EQUAL HOUSING
LENDER
EX-35 (b)
(logo) WELLS FARGO
Corporate Trust Services
MAC N2702-011
9062 Old Annapolis Road
Columbia, MD 21045
410 884-2000
410 715-2380 Fax
Wells Fargo Bank, N.A.
March 26, 2007
Asset Backed Funding Corporation
RE: Annual Statement As To Compliance for First Franklin Mortgage Loan Trust
2006-FFH1
Per Section 3.30 of the Pooling and Servicing Agreement, dated as of 02/01/2006,
the undersigned Officer of Wells Fargo Bank, N.A., (Trustee), hereby certifies
the following for the 2006 calendar year or portion thereof:
(a) a review of the activities of such party during the preceding calendar year
or portion thereof and of the performance of such party under this Agreement has
been made under such officer's supervision and
(b) to the best of such officers' knowledge, based on such review, such party
has fulfilled all of its obligations under this Agreement in all material
respects throughout such year, or, if there has been a failure to fulfill any
such obligation in any material respect, specifying each such failure known to
such officer and the nature and status thereof.
Certified By:
/s/ Scott Strack
Scott Strack, Vice President
Certified By:
/s/ Gordon Johnson
Gordon Johnson, Assistant Secretary