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DATE:
                                      
January 30, 2007
TO:
                                        
Deutsche Bank Trust Company Americas, not in its individual
                                           
capacity but solely as Supplemental Interest Trust Trustee for
                                           
the benefit of RALI Series 2007-QA1 Supplemental Interest Trust,
                                           
acting on behalf of the Class A Certificateholders and the
                               
            
Class M Certificateholders under the Pooling and Servicing
                                           
Agreement identified below ("PARTY A")
 
ATTENTION:
                                 
RALI Series 2007-QA1
 
FROM:
                                
      
Deutsche Bank Trust Company Americas, not in its individual
                                           
capacity but solely as Supplemental Interest Trust Trustee for
                                           
the benefit of RALI Series 2007-QA1 Supplemental Interest Trust,
                                           
acting on behalf of the Class SB Certificateholders under the
                                           
Pooling and Servicing Agreement identified below ("PARTY B")
 
SUBJECT:
              
                     
Payment Swap Confirmation and Agreement
REFERENCE NUMBER
 
The purpose of this letter
  
agreement (the
  
"Agreement")
  
is to confirm the terms and conditions of the Transaction
entered into on the Trade Date specified
  
below (the
  
"Transaction")
  
between Party A and Party B. This
  
Agreement,
which
  
evidences a complete and binding
  
agreement
  
between you and us to enter into the
  
Transaction
  
on the terms
set forth
  
below,
  
constitutes
  
a
  
"Confirmation"
  
as
  
referred to in the ISDA Form
  
Master
  
Agreement
  
(as defined
below), as well as a "Schedule" as referred to in the ISDA Form
Master Agreement.
 
1.
       
This
  
Agreement
  
is
  
subject
  
to and
  
incorporates
  
the 2000
  
ISDA
  
Definitions
  
(the
  
"Definitions"),
  
as
published by the International Swaps and Derivatives
  
Association,
  
Inc. ("ISDA").
  
You and we have agreed to enter
into this
  
Agreement
  
in lieu of
  
negotiating
  
a Schedule
  
to the 1992 ISDA Master
  
Agreement
  
(Multicurrency-Cross
Border) form (the "ISDA Form Master
  
Agreement")
  
but,
  
rather,
  
an ISDA Form Master
  
Agreement
  
shall be deemed to
have been
  
executed by you and us on the date we entered into the
  
Transaction.
  
In the event of any
  
inconsistency
between the provisions of this
  
Agreement and the
  
Definitions
  
or the ISDA Form Master
  
Agreement,
  
this Agreement
shall
  
prevail for purposes of the
  
Transaction.
  
Terms used and not
  
otherwise
  
defined
  
herein,
  
in the ISDA Form
Master
  
Agreement
  
or the
  
Definitions
  
shall have the
  
meanings
  
assigned
  
to them in the series 
 
supplement
  
(the
"Series Supplement"),
  
dated as of January 1, 2007, to the standard terms of pooling and
servicing agreement, dated
as of December 1, 2006 (the "Standard Terms", and together with the
Series
  
Supplement,
  
the "Pooling and Servicing
Agreement"),
  
among Residential
  
Accredit Loans, Inc., as depositor,
  
Residential
  
Funding Company,
  
LLC, as master
servicer,
  
and Deutsche Bank Trust Company
  
Americas,
  
as trustee.
  
Each reference to a "Section" or to a "Section"
"of this
  
Agreement"
  
will be construed as a reference
  
to a Section of the 1992 ISDA Form Master
  
Agreement.
  
Each
capitalized
  
term used herein that is not defined herein or in the 1992 ISDA
Form Master
  
Agreement
  
shall have the
meaning defined in the Pooling and Servicing
  
Agreement.
  
Notwithstanding
  
anything herein to the contrary,
  
should
any provision of this Agreement conflict with any provision of the
Pooling and Servicing
  
Agreement,
  
the provision
of the Pooling and Servicing Agreement shall apply.
 
2.
       
The terms of the particular Transaction to which this Confirmation
relates are as follows:
 
               
Trade Date:
 
               
Effective Date:
 
               
Termination Date:
                     
February 25, 2037 subject to adjustment in accordance
  
with the
   
                                                  
Business Day Convention.
 
               
Business Days:
                        
California, Minnesota, Texas, New York, Illinois.
 
               
Business Day Convention:
              
Following.
            
   
PARTY A PAYMENTS:
               
Party A Payment Dates:
                
Each
   
Distribution
   
Date
  
under
  
the
  
Pooling
  
and
  
Servicing
                                                     
Agreement.
 
               
Party A Payment Amounts:
              
On each Party A Payment Date, the amount,
  
if any, equal to the
                                                     
aggregate
  
amount
  
of Net Swap
  
Payments
  
and Swap
  
Termination
                                                     
Payments owed to the Swap
  
Counterparty
  
remaining unpaid after
                                                     
application
  
of the
  
sum of (A)
  
from
  
the
  
REMIC
  
I
  
Available
                                                     
Distribution
  
Amount
  
(less the
  
amount
  
distributable
  
on such
                                                     
Distribution
  
Date in respect of REMIC IV Regular
  
Interest IO)
                                                     
that
   
would
   
have
   
remained
   
had
  
the
  
REMIC
  
I
   
Available
  
                                                   
Distribution
  
Amount
  
(less the
  
amount
  
distributable
  
on such
                                                     
Distribution
  
Date in
  
respect
  
of
  
REMIC IV
  
Regular
  
Interest
                        
                             
IO)been
  
applied
  
on
  
such
   
Distribution
   
Date
  
to
  
make
  
the
                                                     
distributions for such Distribution Date under
  
Section 4.02(c)
                                              
       
clauses
  
(i)
  
through
  
(viii)
  
of
  
the
  
Pooling
  
and
  
Servicing
                                                     
Agreement,
  
of (I) Accrued Certificate Interest on the Class SB
                                                     
Certificates,
  
(II) the
  
amount
  
of
  
any
  
Overcollateralization
                                                     
Reduction
  
Amount
  
and (III) for each
  
Distribution
  
Date after
                                                     
the
  
Certificate
  
Principal
  
Balance 
 
of each
  
Class of Class A
                                                     
Certificates
  
and
  
Class M
  
Certificates
  
has been
  
reduced
  
to
                                                     
zero, the
  
Overcollateralization
  
Amount,
  
(B) from
  
prepayment
                                                     
charges on deposit in the
  
Certificate
  
Amount,
  
any prepayment
                                                     
charges
  
received
  
on the
  
Mortgage
  
Loans
  
during the
  
related
                 
                                    
Prepayment
  
Period
  
and (C) the
  
amount
  
distributable
  
on such
                                                     
Distribution
  
Date in respect of the REMIC IV
  
Regular Interest
                                       
              
IO.
 
               
PARTY B PAYMENTS:
               
Party B Payment Dates:
                
Each
   
Distribution
   
Date
  
under
  
the
  
Pooling
  
and
  
Servicing
                                                     
Agreement
 
               
Party B Payment Amounts:
              
On each Party B Payment
  
Date, an amount equal to the lesser of
                                                     
(a)
  
the
  
Available
   
Distribution
  
Amount
  
remaining
  
on
  
such
                                             
        
Distribution
  
Date after the distributions on such Distribution
                                                     
Date under
  
Section 4.02(c)
  
c

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