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: 333-130210-02
Carrington Mortgage Loan Trust, Series 2006-RFC1
(exact name of issuing entity as specified in its charter)
Stanwich Asset Acceptance Company, L.L.C.
(exact name of the depositor as specified in its charter)
Carrington Securities, LP
(exact name of the sponsor as specified in its charter)
New York 54-2196861
(State or other jurisdiction of 54-2196862
incorporation or organization) (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.
Registrant does not have any voting stock.
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 in accordance with General Instruction J to Form 10-K.
Item 1A. Risk Factors.
Omitted in accordance with General Instruction J to Form 10-K.
Item 1B. Unresolved Staff Comments.
None.
Item 2. Properties.
Omitted in accordance with General Instruction J to Form 10-K.
Item 3. Legal Proceedings.
Omitted in accordance with General Instruction J to Form 10-K.
Item 4. Submission of Matters to a Vote of Security Holders.
Omitted in accordance with General Instruction J to Form 10-K.
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities.
Omitted in accordance with General Instruction J to Form 10-K.
Item 6. Selected Financial Data.
Omitted in accordance with General Instruction J to Form 10-K.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations.
Omitted in accordance with General Instruction J to Form 10-K.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Omitted in accordance with General Instruction J to Form 10-K.
Item 8. Financial Statements and Supplementary Data.
Omitted in accordance with General Instruction J to Form 10-K.
Item 9. Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure.
Omitted in accordance with General Instruction J to Form 10-K.
Item 9A. Controls and Procedures.
Omitted in accordance with General Instruction J to Form 10-K.
Item 9A(T). Controls and Procedures.
Not applicable.
Item 9B. Other Information.
None.
PART III
Item 10. Directors, Executive Officers and Corporate Governance.
Omitted in accordance with General Instruction J to Form 10-K.
Item 11. Executive Compensation.
Omitted in accordance with General Instruction J to Form 10-K.
Item 12. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters.
Omitted in accordance with General Instruction J to Form 10-K.
Item 13. Certain Relationships and Related Transactions, and Director
Independence.
Omitted in accordance with General Instruction J to Form 10-K.
Item 14. Principal Accounting Fees and Services.
Omitted in accordance with General Instruction J to Form 10-K.
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 the issuing entity.
Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support,
Except for Certain Derivatives Instruments (Information Regarding
Significant Enhancement Providers).
Based on the standards set forth in Item 1114(b)(2) of Regulation AB, no
information is required in response to this item.
Item 1115(b) of Regulation AB. Certain Derivatives Instruments (Financial
Information).
Based on the standards set forth in Item 1115(b) of Regulation AB, no
information is required in response to this Item.
Item 1117 of Regulation AB, Legal Proceedings.
The Registrant knows of no material pending proceedings against the Sponsor,
the Depositor, the Issuing Entity, Wells Fargo Bank, N.A., as Trustee,
Homecomings Financial Network, Inc., as Originator and as Servicer, or of
which any property of the foregoing is the subject.
Item 1119 of Regulation AB, Affiliations and Certain Relationships and
Related Transactions.
Omitted in accordance with Instruction to Item 1119 of
Regulation AB.
Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.
Wells Fargo Bank, N.A., as Trustee and Custodian, and Homecomings Financial
Network, Inc., as Servicer (collectively, the "Servicing Parties") have each
been identified by the registrant as parties participating in the servicing
function with respect to the pool assets held by the Issuing Entity. Each of
the Servicing Parties has completed a report on an assessment of compliance
with the servicing criteria applicable to it (each, a "Report on Assessment"),
which Reports on Assessment are attached as exhibits to this Form 10-K. In
addition, each of the Servicing Parties has provided an attestation report
(each, an "Attestation Report") by one or more registered public accounting
firms, which reports are also attached as exhibits to this Form 10-K.
The 1122 statements for Wells Fargo Bank, National Association (Corporate
Trust Services; the "Company") has 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.
Item 1123 of Regulation AB, Servicer Compliance Statement.
Homecomings Financial Network, Inc., as Servicer, has been identified by the
registrant as the servicer with respect to the asset pool held by the Issuing
Entity. Homecomings Financial Network, Inc. has completed a statement of
compliance with applicable servicing criteria (a "Compliance Statement")
attached as exhibits to this Form 10-K.
PART IV
Item 15. Exhibits, Financial Statement Schedules.
(a) Not applicable.
(b) Exhibits
The exhibits listed below are either included or incorporated by reference as
indicated:
(3.1) Certificate of Formation of the Registrant, dated as of January 26,
2005 (Incorporated by reference to Exhibit 3.1 of Registration
Statement No. 333-124562 filed on May 2, 2005)
(3.2) Limited Liability Company Agreement of the Registrant, dated as of
January 26, 2005 (Incorporated by reference to Exhibit 3.2 of
Registration Statement No. 333-124562 filed on May 2, 2005)
(4.1) Pooling and Servicing Agreement and the exhibits thereto, dated as of
May 1, 2006, among the Registrant, Homecomings Financial Network,Inc.
as Servicer, and Wells Fargo Bank, N.A., as Trustee.<F3>
(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) Homecomings Financial Network, Inc., as Servicer <F1>, <F4>
b) Wells Fargo Bank, N.A., as Trustee <F1>
c) 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) Homecomings Financial Network, Inc., as Servicer <F1>, <F4>
b) Wells Fargo Bank, N.A., as Trustee <F1>
c) Wells Fargo Bank, N.A., as Custodian <F1>
(35) Servicer compliance statement.
<s> <c>
a) Homecomings Financial Network, Inc., as Servicer <F1>
b) Wells Fargo Bank, N.A., as Trustee <F2>
c) Wells Fargo Bank, N.A., as Custodian <F2>
(c) Not applicable.
<F1> Filed herewith.
<F2> Pursuant to Instruction to Item 1123 of Regulation AB, this servicing
function participant is not required to provide the servicer compliance
statement.
<F3> Incorporated by reference to the Form 8-K of the Registrant and the
Issuing Entity filed on May 17, 2006.
<F4> The assessment of compliance provided by Homecomings Financial LLC
relates specifically to the agreement (the "whole loan sale agreement")
pursuant to which the assets underlying the offered securities were sold
to the sponsor. The terms of the whole loan sale agreement contain
substantially the same servicing criteria as the corresponding servicing
agreement governing the securitization.
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.
Stanwich Asset Acceptance Company, L.L.C.
(Depositor)
/s/ Bruce M. Rose
Bruce M. Rose, President
Date: March 27, 2007
Exhibit Index
Exhibit No.
The exhibits listed below are either included or incorporated by reference as
indicated:
(3.1) Certificate of Formation of the Registrant, dated as of January 26,
2005 (Incorporated by reference to Exhibit 3.1 of Registration
Statement No. 333-124562 filed on May 2, 2005)
(3.2) Limited Liability Company Agreement of the Registrant, dated as of
January 26, 2005 (Incorporated by reference to Exhibit 3.2 of
Registration Statement No. 333-124562 filed on May 2, 2005)
(4.1) Pooling and Servicing Agreement and the exhibits thereto, dated as of
May 1, 2006, among the Registrant, Homecomings Financial Network,Inc.
as Servicer, and Wells Fargo Bank, N.A., as Trustee.<F3>
(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) Homecomings Financial Network, Inc., as Servicer
b) Wells Fargo Bank, N.A., as Trustee
c) Wells Fargo Bank, N.A., as Custodian
(34) Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities.
<s> <c>
a) Homecomings Financial Network, Inc., as Servicer
b) Wells Fargo Bank, N.A., as Trustee
c) Wells Fargo Bank, N.A., as Custodian
(35) Servicer compliance statement.
<s> <c>
a) Homecomings Financial Network, Inc., as Servicer
<F3> Incorporated by reference to the Form 8-K of the Registrant and the
Issuing Entity filed on May 17, 2006.
EX-31 Rule 13a-14(d)/15d-14(d) Certifications
I, Bruce M. Rose, 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 Carrington Mortgage Loan Trust, Series 2006-RFC1 (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 servicing agreements in all material
respects; and
5. All of the reports on assessment of compliance with 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:
Homecomings Financial Network, Inc. as Servicer, and Wells Fargo
Bank, N.A., as Trustee and Custodian.
Dated: March 27, 2007
/s/ Bruce M. Rose
Signature
President
Title
EX-33 (a)
(logo) Homecomings Financial
A GMAC Company
Management's Assertion Concerning Compliance
With Regulation AB Item 1122 Servicing Criteria
March 5, 2007
Homecomings Financial, LLC (the "Company") has responsibility for assessing
compliance with the servicing criteria set forth in Item 1122(d) of Regulation
AB that are applicable to the HFN Primary Servicing Platform (the "Platform").
As of, and for the period ending December 31, 2006 (the "Reporting Period"), the
Company, has used the applicable 1122(d) servicing criteria listed below for
assessing compliance:
- - 1122(d)(1)(ii),(iv); 1122(d)(2)(i),(ii),(iii),(v),(vi),(vii);
1122(d)(3)(iii),(iv); 1122(d)(4)(iv),(v),(vi),(vii),(viii),(ix),(x),(xi),
(xii),(xiii),(xiv),(xv)
The following servicing criteria are not applicable to the Company:
- - 1122(d)(1)(i),(iii); 1122(d)(2)(iv); 1122(d)(3)(i),(ii);
1122(d)(4)(i),(ii),(iii)
The Company has engaged certain vendors (the "Vendors") to perform specific and
limited, or scripted activities, and the Company elects to take responsibility
for assessing compliance with the servicing criteria applicable to the Vendors
set forth below:
- - 1122(d)(2)(i); l122(d)(4)(iv)
- - A vendor posts cash receipts received via lockbox submission to the
Company's lockbox clearing account.
- - 1122(d)(4)(xi),(xiii)
- - A vendor provides certain information to the Company to assist the Company
in making tax and insurance payments on behalf of certain obligors.
- - 1122(d)(4)(viii)
- - A vendor initiate's initial contact with borrowers via telephone for
delinquent accounts.
(page)
The Company has not identified and is not aware of any material instance of
noncompliance by the Vendors 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 Company has not identified any material deficiency in its
policies and procedures to monitor the compliance by the Vendors 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 Company has complied, in all material respects, with the applicable
servicing criteria above as of and for the period ending December 31, 2006 for
the asset-backed transactions listed in Appendix A taken as a whole (such
transactions, collectively, the "HFN Primary Servicing Platform").
An independent registered public accounting firm has issued an attestation
report on the Company's assessment of compliance with the applicable servicing
criteria as of, and for the period ending December 31, 2006.
Homecomings Financial, LLC
/s/ Anthony N. Renzi
Anthony N. Renzi
Managing Director
Homecomings Financial, LLC
(page)
Appendix A
Structured
Deals
2006-EFC1
2006-EFC2
2006-H11
2006-H12
2006-H13
2006-H14
2006-H15
2006-HSA1
2006-HSA2
2006-HSA3
2006-HSA4
2006-HSA5
2006-KS1
2006-KS2
2006-KS3
2006-KS4
2006-KS5
2006-KS6
2006-KS7
2006-KS8
2006-KS9
2006-NC1
2006-NC2
2006-NC3
2006-QA1
2006-QA2
2006-QA3
2006-QA4
2006-QA5
2006-QA6
2006-QA7
2006-QA8
2006-QA9
2006-QA10
2006-QA11
2006-QH1
2006-QO1
2006-Q02
2006-Q03
2006-Q04
2006-Q05
2006-Q06
2006-Q07
2006-Q08
2006-Q09
2006-Q010
2006-QS1
2006-QS2
2006-QS3
2006-QS4
(page)
2006-QS5
2006-QS6
2006-QS7
2006-QS8
2006-QS9
2006-QS10
2006-QS11
2006-QS12
2006-QS13
2006-QS14
2006-QS15
2006-QS16
2006-QS17
2006-QS18
2006-RS1
2006-RS2
2006-RS3
2006-RS4
2006-RS5
2006-RS6
2006-RZ1
2006-RZ2
2006-R23
2006-RZ4
2006-RZ5
2006-S1
2006-S2
2006-S3
2006-S4
2006-S5
2006-S6
2006-S7
2006-S8
2006-S9
2006-S10
2006-S11
2006-S12
2006-SA1
2006-SA2
2006-SA3
2006-SA4
2006-SP1
2006-SP2
2006-SP3
2006-SP4
Whole Loan
Deals
2006-HWH1
2006-HWH1A
2006-HWH2
2006-HWH7
2006-HWH9
2006-HWH10
(page)
2006-HWH11
2006-HWH15
2006-HWH16
2006-HWH17
2006-HWH20
2006-HWH21
2006-KWH1
2006-POWH3
2006-POWH8
2006-POWH12
2006-POWH13
2006-POWH13B
2006-POWH14
2006-POWH16
2006-POWH16B
2006-POWH17
2006-P0WH17B
2006-POWH18
2006-POWH18B
2006-POWH19
2006-POWH20
2006-POWH21
2006-POWH22
2006-QWH8
2006-QWH20
2006-WH1
2006-WH7
2006-WH11
2006-WH12
2006-WH14A
EX-33 (b)
(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 (c)
(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
300 Madison Avenue
New York NY 10017
Telephone (648) 471-3000
www.pwc.com
Report of Independent Registered Public Accounting Firm
To the Board of Directors of Residential Capital, LLC:
We have examined management's assertion, included in the accompanying
Management's Assertion Concerning Compliance with Regulation AB Item 1122
Servicing Criteria, that Homecomings Financial, LLC (the "Company"), a
subsidiary of Residential Capital, LLC, complied with the servicing criteria set
forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB
for the HFN Primary Servicing Platform (the "Platform"), as of and for the year
then ended December 31, 2006, excluding criteria 1122(d)(1)(i),(iii);
1122(d)(2)(iv); 1122(d)(3)(i),(ii); and 1122(4)(i),(ii),(iii), which the Company
has determined are not applicable to the servicing activities performed by it
with respect to the Platform. Appendix A of management's assertion identifies
individual asset-backed transactions and securities 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 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 loans within
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 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 Company complied with the
aforementioned applicable servicing criteria as of and for the year ended
December 31, 2006, for the HFN Primary Servicing Platform is fairly stated, in
all material respects.
/s/ PricewaterhouseCoopers LLP
New York, New York
March 6, 2007
EX-34 (b)
(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 (c)
(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) Homecomings Financial
A GMAC Company
SERVICER COMPLIANCE STATEMENT (Item 1123)
Homecomings Financial, LLC
Carrington Mortgage Loan Trust 2006-RFC1 (the "Issuing Entity")
The undersigned, a duly authorized officer of Homecomings Financial, LLC
(formerly Homecomings Financial Network, Inc.), as servicer (the "Servicer"),
does hereby certify that:
1. A review of the Servicer's activities during the period covered by the
Issuing Entity's report on Form 10-K and of the Servicer's performance under the
applicable servicing agreement has been made under my supervision.
2. To the best of my knowledge, based on such review, the Servicer has fulfilled
all of its obligations under the applicable servicing agreement in all material
respects throughout such period.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 23rd
day of March 2007.
By: /s/ Anthony N. Renzi
Name: Anthony N. Renzi
Title: Managing Director