SPS LOGO

Exhibit 35 a)

SPS LOGO

Agreement: See Schedule of Agreements

Dated:

See Attached Schedule

ANNUAL STATEMENT AS TO COMPLIANCE

In accordance with the applicable section in each of

the Pooling

and Servicing

Agreements specified:

i.

a review of the activities of the Servicer during the year ended December

31,

2006

and of performance under this Agreement has been made under

such officers' supervision; and

ii.

to the best of such officers' knowledge, based on such review, the Servicer
has fulfilled all of its obligations and no default has occurred under this

Agreement throughout such year.

February 24, 2007

/s/ Xxxxxxx X. Xxxxxxxxxxxxx

Xxxxxxx X. Xxxxxxxxxxxxx

Chief Executive Officer
Select Portfolio Servicing, Inc.

Asset Backed Securities Corporation, Depositor, DLJ Mortgage Capital, Inc., Seller,
Select Portfolio Servicing, Inc., Servicer, Officetiger Global Real Estate Services Inc.,

Loan Performance Advisor and U.S. Bank National Association, Trustee

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Pooling And

Servicing Agreement

Asset Backed Securities Corporation Home Equity Loan Trust,

Series AMQ 2006-HE7
11/1/2006