EX-33.2
(logo) CMS
CARRINGTON MORTGAGE SERVICES, LLC
Certification Regarding Compliance with Applicable Servicing Criteria
1. Carrington Mortgage Services, LLC ("CMS") is responsible for assessing
compliance with the servicing criteria applicable to it under paragraph (d)
of Item 1122 of Regulation AB, as of December 31, 2007 and for the period
beginning November 1, 2007 and ending December 31, 2007 (the "Reporting
Period"), as set forth in Appendix A hereto. The transactions covered by
this report include asset-backed securities transactions for which CMS acted
as servicer involving subprime residential mortgage loans, completed on or
after January 1, 2006 that were registered with the Securities and Exchange
Commission pursuant to the Securities Act of 1933 as listed on Appendix B
hereto (the "Platform");
2. CMS has engaged certain vendors, which are not servicers as defined in Item
1101(j) of Regulation AB (the "Vendors"), to perform specific, limited or
scripted activities, and CMS elects to take responsibility for assessing
compliance with the servicing criteria or portion of the servicing criteria
applicable to such Vendors' activities as set forth in Appendix A hereto;
3. Except as set forth in paragraph 4 below, CMS used the criteria set forth in
paragraph (d) of Item 1122 of Regulation AB to assess the compliance with
the applicable servicing criteria;
4. The criteria listed in the column titled "Inapplicable Servicing Criteria"
on Appendix A hereto are inapplicable to CMS based on the activities it
performs, directly or through its Vendors, with respect to the Platform;
5. CMS has complied, in all material respects, with the applicable servicing
criteria as of December 31, 2007 and for the Reporting Period with respect
to the Platform taken as a whole;
6. CMS 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, 2007 and for the Reporting Period with respect to the Platform
taken as a whole;
7. CMS 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, 2007 and for the Reporting Period with
respect to the Platform taken as a whole; and
8. Squar, Milner, Peterson, Miranda & Williamson, LLP, a registered public
accounting firm, has issued an attestation report on CMS's assessment of
compliance with the applicable servicing criteria as of December 31, 2007
and for the Reporting Period.
Carrington Mortgage Services, LLC
By: /s/ David S. Gordon
Name: David S. Gordon
Title: President
Date: March 27th, 2008
1610 E. ST, ANDREW PLACE, SUITE B-150, SANTA ANA, CA 92705
949-517-7000 949-517-5220(F)
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APPENDIX A
INAPPLICABLE
APPLICABLE SERVICING
SERVICING CRITERIA SERVICING CRITERIA CRITERIA
Performed by
Performed subservicer(s) NOT
by or vendor(s) performed by
Vendor(s) for which CMS or by
Performed for which CMS is NOT subservicer(s)
Directly CMS is the the or vendor(s)
by Responsible Responsible retained by
Reference Criteria CMS Party Party CMS
General Servicing Considerations
1122(d)(1)(i) Policies and procedures are instituted X
to monitor any performance or other
triggers and events of default in
accordance with the transaction
agreements.
1122(d)(1)(ii) If any material servicing activities X
are outsourced to third parties, policies
and procedures are instituted to monitor
the third party's performance and
compliance with such servicing
activities.
1122(d)(1)(iii) Any requirements in the transaction X
agreements to maintain a back-up servicer
for the pool assets are maintained.
1122(d)(1)(iv) A fidelity bond and errors and X
omissions policy is in effect on the
party participating in the servicing
function throughout the reporting period
in the amount of coverage required by and
otherwise in accordance with the terms of
the transaction agreements.
Cash Collection and Administration
1122(d)(2)(i) Payments on pool assets are deposited X^1 X^2
into the appropriate custodial bank
accounts and related bank clearing
accounts no more than two business days
following receipt, or such other number
of days specified in the transaction
agreements.
1122(d)(2)(ii) Disbursements made via wire transfer on X
behalf of an obligor or to investor are
made only by authorized personnel.
1122(d)(2)(iii) Advances of funds or guarantees X^3
regarding collections, cash flows or
distributions, and any interest or other
fees charged for such advances, are made,
reviewed and approved as specified in
the transaction agreements.
1122(d)(2)(iv) The related accounts for the X
transaction, such as cash reserve
accounts or accounts established as a
form of overcollateralization, are
separately maintained (e.g., with respect
to commingling of cash) as set forth in
the transaction agreements.
1122(d)(2)(v) Each custodial account is maintained at X
a federally insured depository
institution as set forth in the
transaction agreements. For purposes of
this criterion, "federally insured
depository institution" with respect to a
foreign financial institution means a
foreign financial institution that meets
the requirements of Rule 13k-1(b)(1)
of the Securities Exchange Act.
INAPPLICABLE
APPLICABLE SERVICING
SERVICING CRITERIA SERVICING CRITERIA CRITERIA
Performed by
Performed subservicer(s) NOT
by or vendor(s) performed by
Vendor(s) for which CMS or by
Performed for which CMS is NOT subservicer(s)
Directly CMS is the the or vendor(s)
by Responsible Responsible retained by
Reference Criteria CMS Party Party CMS
1122(d)(2)(vi) Unissued checks are safeguarded so as X^4 X^5
to prevent unauthorized access.
1122(d)(2)(vii) Reconciliations are prepared on a X
monthly basis for all asset-backed
securities related bank accounts,
including custodial accounts and related
bank clearing accounts. These
reconciliations are (A) mathematically
accurate; (B) prepared within 30
calendar days after the bank statement
cutoff date, or such other number of days
specified in the transaction agreements;
(C) reviewed and approved by someone
other than the person who prepared the
reconciliation; and (D) contain
explanations for reconciling items.
These reconciling items are resolved
within 90 calendar days of their original
identification, or such other number of
days specified in the transaction
agreements.
Investor Remittances and Reporting
1122(d)(3)(i) Reports to investors, including those X^6
to be filed with the Commission, are
maintained in accordance with the
transaction agreements and applicable
Commission requirements. Specifically,
such reports (A) are prepared in
accordance with timeframes and other
terms set forth in the transaction
agreements; (B) provide information
calculated in accordance with the terms
specified in the transaction agreements;
(C) are filed with the Commission as
required by its rules and regulations;
and (D) agree with the investors' or
trustee's records as to the total unpaid
principal balance and number of pool
assets serviced by the Servicer.
1122(d)(3)(ii) Amounts due to investors are allocated X^7
and remitted in accordance with
timeframes, distribution priority and
other terms set forth in the transaction
agreements.
1122(d)(3)(iii) Disbursements made to an investor are X^8
posted within two business days to the
Servicer's investor records, or such other
number of days specified in the transaction
agreements.
1122(d)(3)(iv) Amounts remitted to investors per the X^9
investor reports agree with cancelled
checks, or other form of payment, or
custodial bank statements.
INAPPLICABLE
APPLICABLE SERVICING
SERVICING CRITERIA SERVICING CRITERIA CRITERIA
Performed by
Performed subservicer(s) NOT
by or vendor(s) performed by
Vendor(s) for which CMS or by
Performed for which CMS is NOT subservicer(s)
Directly CMS is the the or vendor(s)
by Responsible Responsible retained by
Reference Criteria CMS Party Party CMS
Pool Asset Administration
1122(d)(4)(i) Collateral or security on pool assets X
is maintained as required by the
transaction agreements or related mortgage
loan documents.
1122(d)(4)(ii) Pool assets and related documents are X
safeguarded as required by the
transaction agreements.
1122(d)(4)(iii) Any additions, removals or X
substitutions to the asset pool are made,
reviewed and approved in accordance with
any conditions or requirements in the
transaction agreements.
1122(d)(4)(iv) Payments on pool assets, including any X
payoffs, made in accordance with related
pool asset documents are posted to the
Servicer's obligor records maintained no
more than two business days after
receipt, or such other number of days
specified in the transaction agreements,
and allocated to principal, interest or
other items (e.g., escrow) in accordance
with the related pool asset documents.
1122(d)(4)(v) The Servicer's records regarding the X
pool assets agree with the Servicer's
records with respect to an obligor's
unpaid principal balance.
1122(d)(4)(vi) Changes with respect to the terms or X
status of an obligor's pool asset (e.g.,
loan modifications or re-agings) are
made, reviewed and approved by authorized
personnel in accordance with the
transaction agreements and related pool
asset documents.
1122(d)(4)(vii) Loss mitigation or recovery actions X
(e.g., forbearance plans, modifications
and deeds in lieu of foreclosure,
foreclosures and repossessions, as
applicable) are initiated, conducted and
concluded in accordance with
the timeframes or other requirements
established by the transaction
agreements.
1122(d)(4)(viii)Records documenting collection efforts X
are maintained during the period a pool
asset is delinquent in accordance with
the transaction agreements. Such records
are maintained on at least a monthly
basis, or such other period specified in
the transaction agreements, and describe
the entity's activities in monitoring
delinquent pool assets including, for
example, phone calls, letters and
payment rescheduling plans in cases where
delinquency is deemed temporary (e.g.,
illness or unemployment).
1122(d)(4)(ix) Adjustments to interest rates or rates X
of return for pool assets with variable
rates are computed based on the related
pool asset documents.
1122(d)(4)(x) Regarding any funds held in trust for X
an obligor (such as escrow accounts): (A)
such funds are analyzed, in accordance
with the obligor's pool asset documents,
on at least an annual basis, or such
other period specified in the transaction
agreements; (B) interest on such funds is
paid, or credited, to obligors in
accordance with applicable pool asset
documents and state laws; and (C) such
funds are returned to the obligor within
30 calendar days of full repayment of the
related pool asset, or such other number
of days specified in the transaction
agreements.
1122(d)(4)(xi) Payments made on behalf of an obligor X
(such as tax or insurance payments) are
made on or before the related penalty or
expiration dates, as indicated on the
appropriate bills or notices for such
payments, provided that such support has
been received by the Servicer at least 30
calendar days prior to these dates, or
such other number of days specified in
the transaction agreements.
1122(d)(4)(xii) Any late payment penalties in X
connection with any payment to be made on
behalf of an obligor are paid from the
Servicer's funds and not charged to the
obligor, unless the late payment was due
to the obligor's error or omission.
INAPPLICABLE
APPLICABLE SERVICING
SERVICING CRITERIA SERVICING CRITERIA CRITERIA
Performed by
Performed subservicer(s) NOT
by or vendor(s) performed by
Vendor(s) for which CMS or by
Performed for which CMS is NOT subservicer(s)
Directly CMS is the the or vendor(s)
by Responsible Responsible retained by
Reference Criteria CMS Party Party CMS
1122(d)(4)(xiii)Disbursements made on behalf of an X^10 X^11
obligor are posted within two business
days to the obligor's records maintained
by the Servicer, or such other number of
days specified in the transaction
agreements.
1122(d)(4)(xiv) Delinquencies, charge-offs and X
uncollectible accounts are recognized and
recorded in accordance with the
transaction agreements.
1122(d)(4)(xv) Any external enhancement or other X
support, identified in Item
1114(a)(1) through (3) or Item 1115 of
Regulation AB, is maintained as set forth
in the transaction agreements.
<FN>
1 Cash collections are received either by Vendors or by CMS, deposited into a bank clearing account and deposited into related
custodial accounts no more than two business days following receipt, or such other number of days specified in the related
transaction agreement.
2 Cash collections are received either by Vendors or by CMS, deposited into a bank clearing account and deposited into related
custodial accounts no more than two business days following receipt, or such other number of days specified in the related
transaction agreement.
3 CMS' responsibilities are limited to advances of funds to the Securities Administrator and CMS does not take responsibility for
any advances of funds or guarantees regarding collections, cash or distributions to investors.
4 CMS is responsible for safeguarding unissued checks in its possession so as to prevent unauthorized access.
5 Certain subcontractors are responsible for safeguarding unissued checks in its possession so as to prevent unauthorized access.
6 CMS' responsibilities are limited to the timely delivery of contractual payments and other information to the Securities
Administrator and it does not take responsibility for the reports or cash disbursements to investors.
7 CMS' responsibilities are limited to the timely delivery of contractual payments and other information to the Securities
Administrator and it does not take responsibility for the reports or cash disbursements to investors.
8 CMS' responsibilities are limited to the timely delivery of contractual payments and other information to the Securities
Administrator and it does not take responsibility for the reports or cash disbursements to investors.
9 CMS' responsibilities are limited to the timely delivery of contractual payments and other information to the Securities
Administrator and it does not take responsibility for the reports or cash disbursements to investors.
10 CMS' responsibilities are limited to posting disbursements to the obligor's records maintained by CMS for disbursements made by
certain subcontractors engaged by CMS.
11 CMS is not responsible for posting disbursements to the obligor's records maintained by CMS for disbursements made by certain
subcontractors engaged by CMS.
</FN>
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Appendix B
Pooling and Servicing Agreement, dated February 1, 2006, among New Century
Mortgage Corporation, Stanwich Asset Acceptance Company, LLC and Wells Fargo
Bank, NA. (Carrington Mortgage Loan Trust, Series 2006-NC1).
Pooling and Servicing Agreement, dated June 1, 2006, among New Century Mortgage
Corporation, Stanwich Asset Acceptance Company, LLC and Wells Fargo Bank, N.A.
(Carrington Mortgage Loan Trust, Series 2006-NC2).
Pooling and Servicing Agreement, dated August 1, 2006, among New Century
Mortgage Corporation, Stanwich Asset Acceptance Company, LLC and Wells Fargo
Bank, N.A, (Carrington Mortgage Loan Trust, Series 2006-NC3).
Pooling and Servicing Agreement, dated September 1, 2006, among New Century
Mortgage Corporation, Stanwich Asset Acceptance Company, LLC and Wells Fargo
Bank, NA. (Carrington Mortgage Loan Trust, Series 2006-NC4).
Pooling and Servicing Agreement, dated December 1, 2006, among New Century
Mortgage Corporation, Stanwich Asset Acceptance Company, LLC and Wells Fargo
Bank, N.A. (Carrington Mortgage Loan Trust, Series 2006-NC5).
Pooling and Servicing Agreement, dated as of June 1, 2007, among Stanwich Asset
Acceptance Company, EMC Mortgage Corporation, Carrington Mortgage Services,
LLC, HSBC Bank USA National Association and Wells Fargo Bank, N.A. (Carrington
Mortgage Loan Trust., Series 2007-HE1).
Servicing Agreement, dated as of March 30, 2006, among New Century Mortgage
Corporation, New Century Home Equity Loan Trust 2006-1 and Deutsche Bank
National Trust Company (New Century Home Equity Loan Trust 2006-1).
Servicing Agreement, dated as of June 29, 2006, among New Century Mortgage
Corporation, New Century Home Equity Loan Trust 2006-2 and Deutsche Bank
National Trust Company (New Century Home Equity Loan Trust 2006-2).
Servicing Agreement, dated as of February 27, 2006, among New Century Financial
Corporation, New Century Mortgage Corporation, New Century Home Equity Loan
Trust 2006-S1 and Deutsche Bank National Trust Company (New Century Home Equity
Loan Trust 2006-S1).