Item 1. Business
Item 1A.
Item 1A. Risk Factors
Item 2. Properties
Item 3. Legal Proceedings
Item 4. Submission of Matters to a Vote of Security Holders
Item 1B.
Item 1B. Unresolved Staff Comments
Not Applicable
Substitute information provided in accordance with General Instruction J to Form 10-K:
Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information).
Not Applicable.
Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Financial Information).
Not Applicable.
Item 1115(b) of Regulation AB. Certain Derivatives Instruments (Financial Information).
Not applicable. Based upon a reasonable good faith estimate of the relevant maximum probable exposures, the “significance percentage” of each of the Interest Rate Swap Agreement and the Cap Contract, as calculated in accordance with Item of Regulation AB, is less than 10%.
Item 1117 of Regulation AB. Legal Proceedings.
No applicable updates.
PART II
The following Items have been omitted in accordance with General Instruction J to Form 10-K:
Item 5.
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Item 6.
Item 6. Selected Financial Data.
Item 7.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Item 9.
Item 9. Changes in and Disagreement with Accountants on Accounting and Financial Disclosure.
Item 9A
Item 9A and 9A(T) Controls and Procedures.
Item 9B.
Item 9B. Other Information.
None.
PART III
The following Items have been omitted in accordance with General Instruction J to Form 10-K
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Item 11.
Item 11. Executive Compensation.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Item 14.
Item 14. Principal Accountant Fees and Services.
Substitute information provided in accordance with General Instruction J to Form 10-K:
Item 1119 of Regulation AB. Affiliations and Certain Relationships and Related Transactions.
No applicable updates.
Item 1122 of Regulation AB. Compliance with Applicable Servicing Criteria.
Each of Litton Loan Servicing LP, Wells Fargo Bank National Association and The Bank of New York (collectively, the “PPSF’s”) have been identified by the registrant as parties participating in the servicing function with respect to more than 5% of the pool assets held by the Issuing Entity. Each of the PPSF’s has completed a report on an assessment of compliance with the servicing criteria applicable to it (each, a “Servicing Report”), which Servicing Reports are attached as exhibits to this Form 10-K. In addition, each of the PPSF’s has provided an attestation report (each, an “Attestation Report”) by one or more registered public accounting firms, which Attestation Reports are also attached as exhibits to this Form 10-K.
Litton Loan Servicing, LP has identified instances of material non-compliance as reflected in Exhibits 33.1 and 34.1 of this Form 10-K.
See Item 15, Exhibits 33.1, 33.2, 33.3, 34.1, 34.2 and 34.3.
Item 1123 of Regulation AB. Servicer Compliance Statement.
See Item 15
Item 15 and Exhibit 35.1.
PART IV
Item 15. Exhibits, Financial Statement Schedules.
(a)
List of Documents Filed as Part of this Report
(c)
Omitted.
SIGNATURES
Pursuant to the requirements of Section 13 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.
EXHIBIT INDEX
EXHIBIT
DESCRIPTION
4.1
Pooling and Servicing Agreement
10.1
Mortgage Loan Purchase Agreement
31.1
Rule 13a-14(a)/15d-14(a) Certification (Section 302 Certification).
33.1
Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of Litton Loan Servicing LP for the year ended December 31, 2006.
33.2
Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of Wells Fargo Bank National Association for the year ended December 31, 2006.
33.3
Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of The Bank of New York for the year ended December 31, 2006.
34.1
Independent Accountants’ Attestation Report concerning servicing activities of Litton Loan Servicing LP for the year ended December 31, 2006.
34.2
Independent Accountants’ Attestation Report concerning servicing activities of Wells Fargo Bank National Association for the year ended December 31, 2006.
34.3
Independent Accountants’ Attestation Report concerning servicing activities of The Bank of New York for the year ended December 31, 2006.
35.1
Servicer Compliance Statement of Litton Loan Servicing LP for the year ended December 31, 2006.
99.1
Schedule of Year-to-Date Principal and Interest Distributions to Certificateholders