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NOVATION CONFIRMATION
 
---------------------------------------------------------------------------------------------------------------
 
 
Date:
          
21 December 2006
 
To:
            
Deutsche Bank AG
 
Attn:
          
Derivative Operations -Confirmations
Tel:
           
0207 545 3212/3175
Fax No.:
       
0207 545 9761
 
To:
            
RALI Series 2006-QS18 Trust
               
By:
  
Deutsche Bank Trust Company Americas, not in its individual
capacity, but solely as
               
trustee for the benefit of RALI Series 2006-QS18 Trust, Mortgage
Asset-Backed Pass-Through
               
Certificates, Series 2006-QS18
  

 
Attn:
          
Trust Administration, RALI Series 2006-QS18
Tel:
           
(714) 247-6000
Fax No.:
       
(714) 247-6285
 
From:
          
Bank of America, N.A.
               
233 South Wacker Drive - Suite 2800
               
Chicago
             
  
Illinois 60606
               
U.S.A.
 
Dept:
          
Swaps Documentation Group
 
Re:
            
Novation Transaction
______________________________________________________________________________
 
Dear Sir/Madam,
 
The purpose of this letter is to confirm the terms and conditions
of the Novation Transaction entered into
between the parties and effective from the Novation Date specified
below.
  
This Novation Confirmation
constitutes a "Confirmation" as referred to in the New Agreement
specified below.
 
1.
   
   
The definitions and provisions
  
contained in the 2004 ISDA Novation Definitions (the "Definitions")
and
the
  
terms
  
and
  
provisions
  
of the
  
2000
  
ISDA
  
Definitions,
  
as
  
published
  
by the
  
International
  
Swaps
  
and
Derivatives
  
Association,
  
Inc. and amended from time to time, are incorporated in this
Novation
  
Confirmation.
In the event of any
  
inconsistency
  
between (i) the Definitions,
  
(ii) the 2000 ISDA
  
Definitions
  
and/or (iii)
the Novation Agreement and this Novation Confirmation, this
Novation Confirmation will govern.
 
2.
      
The terms of the Novation Transaction to which this Novation
Confirmation relates are as follows:
 
Novation Date:
                                   
21 December 2006
Novated Amount:
                                  
As per specified in Exhibit A
Transferor
                                       
Deutsche Bank AG
Transferee
                                       
RALI Series 2006-QS18 Trust,
  
by Deutsche Bank
                                                 
Trust Company Americas, not in its individual
                                                 
capacity, but solely as trustee for the
                                                 
benefit of RALI Series 2006-QS18 Trust,
                                                 
Mortgage Asset-Backed Pass-Through
                                                 
Certificates, Series 2006-QS18
  

Remaining Party
                                  
Bank of America, N.A.
New Agreement
                                    
As per Exhibit A dated 21 December 2006
 
3.
      
The terms of each Old
  
Transaction
  
to which this
  
Novation
  
Confirmation
  
relates
  
for
  
identification
purposes, are as follows:
 
Trade Date of Old Transaction:
                  
14 December 2006
Effective Date of Old Transaction: 
             
25 January 2007
Termination Date of Old Transaction:
            
25 October 2009
 
4.
      
The terms of each New Transaction to which this Novation
  
Confirmation relates shall be as specified in
the New Confirmation attached hereto as Exhibit A.
 
Full First Calculation Period:
                  
Applicable, commencing on 25 January 2007
 
5.
      
Other Provisions:
                      
Not Applicable
 
6.
      
Miscellaneous Provisions:
              
Non-Reliance: Applicable
 
7.
      
The parties confirm their acceptance to be bound by this Novation
  
Confirmation as of the Novation Date
by executing a copy of this
  
Novation
  
Confirmation
  
and
  
returning
  
it to us by facsimile to the
  
attention of
Global
  
Derivative
  
Operations
  
fax no. (+1 866) 255 1444. The
  
Transferor,
  
by its execution of a copy of this
Novation
  
Confirmation,
  
agrees
  
to
  
the
  
terms
  
of
  
the
  
Novation
  
Confirmation
  
as it
  
relates
  
to
  
each
  
Old
Transaction.
  
The
  
Transferee,
  
by its execution of a copy of this Novation
  
Confirmation, 
 
agrees to the terms
of the Novation Confirmation as it relates to each New Transaction.
 
8.
      
Other capitalized terms used herein (but not otherwise defined)
shall have the meaning specified in
that certain Pooling and Servicing Agreement, to be dated December
1, 2006 (the "Pooling and Servicing
Agreement"), among Residential Accredit Loans, Inc, Residential
Funding Company, LLC and Deutsche Bank Trust
Company Americas.
 
9.
      
Trustee Capacity.
    
It is
  
expressly
  
understood
  
and
  
agreed
  
by the
  
parties
  
hereto
  
that
  
(i) this
Novation
  
Confirmation is executed and delivered by Deutsche Bank Trust
Company Americas ("Deutsche Bank"), not
individually
  
or personally
  
but solely as Trustee of the Trust under the Pooling and Servicing
  
Agreement,
  
in
the
  
exercise
  
of the powers
  
and
  
authority
  
conferred
  
and vested in it,
  
(ii) each
  
of the
  
representations,
undertakings
  
and
  
agreements
  
by Deutsche Bank is made and intended for the purpose of binding
only the Trust,
(iii) nothing
  
herein
  
contained
  
shall be construed as creating any liability for Deutsche Bank,
  
individually
or personally,
  
to perform any covenant (either express or implied)
  
contained herein,
  
and all such liability,
if any, is hereby expressly
  
waived by the parties hereto,
  
and such waiver shall bind any third party making a
claim by or through
  
one of the
  
parties
  
hereto,
  
and
  
(iv) under
  
no
  
circumstances
  
shall
  
Deutsche
  
Bank be
personally
  
liable for the payment of any
  
indebtedness
  
or expenses of the Trust,
  
or be liable for the breach
or failure of any obligation,
  
representation,
  
warranty or covenant made or undertaken by the Trust under this
Novation
  
Confirmation
  
or any related
  
document.
  
In accordance with the Pooling and Servicing
  
Agreement,
  
no
provision
  
of this 
 
Confirmation
  
shall be
  
construed
  
to
  
relieve
  
Deutsche
  
Bank from
  
liability
  
for its own
negligent action, its own negligent failure to act or its own
willful misconduct.
 
 
 
 
Bank of America, N.A.
                            
Deutsche Bank AG
 
 
By:
   
/s/Mary Beth Knight
                     
By:
   
/s/Susan Valenti
  
Name: Mary Beth Knight
                         
Name: Susan Valenti
  
Title: Assistant Vice President
                
Title: Director
  
Date:
                                          
Date:
 
      
                                           
By:
   
/s/Robert Lopena
                                                 
Name: Robert Lopena
                                                 
Title: Authorized Signatory
                                            
     
Date:
 
 
 
   
RALI Series 2006-QS18 Trust
  
By:
  
Deutsche Bank Trust Company
  
Americas, not in its individual
  
capacity, but solely as trustee for the
  
benefit of RALI Series 2006-QS18 Trust,
  
Mortgage Asset-Backed Pass-Through
  
Certificates, Series 2006-QS18
  

 
 
 
By:
   
/s/Melissa Wilman
  
Name: Melissa Wilman
  
Title: Vice President
  
Date:
 
 
 
 



 
 
 
 
 
 
                                                                   
                                  
EXHIBIT A
BANK OF AMERICA, N.A.
 
 
TO:
         
   
RALI Series 2006-QS18 Trust
               
By:
  
Deutsche Bank Trust Company Americas, not in its individual
capacity, but solely as
               
trustee for the benefit of RALI Series 2006-QS18 Trust, Mortgage
Asset-Backed Pass-Through
               
Certificates, Series 2006-QS18
  

 
ATTN:
           
Trust Administration, RALI Series 2006-QS18
TEL:
            
(714) 247-6000
FAX:
            
(714) 247-6285
 
FROM:
           
Bank of America, N.A.
                
233 South Wacker Drive - Suite 2800
         
       
Chicago, Illinois 60606
TEL:
            
(+1) 312 234 2732
FAX:
            
(+1) 866 255 1444
 
Date:
                 
21st December 2006
 
Our Reference No.
  
4945515
  
4945514
 
Internal Tracking Nos.
       
2958713
  
2958714
 
Dear Sir/Madam,
 
        
The purpose of this letter agreement is to confirm the terms and
conditions of the transaction entered
into between Deutsche Bank Trust Company Americas, not in its
individual capacity, but solely as trustee for
the benefit of RALI Series 2006-QS18 Trust, Mortgage Asset-Backed
Pass-Through Certificates, Series
2006-QS18 and Bank of America, N.A., a national banking association
organized under the laws of the United
States of America (each a "party" and together "the parties") on
the Trade Date specified below (the
"Transaction").
  
This letter agreement constitutes a "Confirmation" as referred to
in the ISDA Master
Agreement specified in paragraph 1 below.
  
In this Confirmation, "Party A" means Bank of America, N.A., and
"Party B" means RALI Series 2006-QS18 Trust, by Deutsche Bank Trust
Company Americas, not in its individual
capacity, but solely as trustee for the benefit of RALI Series
2006-QS18 Trust, Mortgage Asset-Backed
Pass-Through Certificates, Series 2006-QS18.
 
        
The definitions and provisions contained in the 2000 ISDA
Definitions, as published by the
International Swaps and Derivatives Association, Inc. (the
"Definitions"), are incorporated into this
Confirmation.
  
In the event of any inconsistency between the Definitions and this
Confirmation, this
Confirmation will govern.
 
        
Other capitalized

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