0001162318-06-001159 Sample Contracts

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Rate Swap Transaction Re: ABN AMRO Bank N.V. Reference No. 325013
Rate Swap Transaction • August 21st, 2006 • HSI Asset Securitization CORP Trust 2006-Wmc1 • Asset-backed securities • New York

This Agreement is subject to 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, as modified by the Schedule terms in Section 4 of this Confirmation (the “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 capitalized but not defined herein shall have the meaning attributed to them in the Pooling and Servicing Agreement.

Rate Cap Transaction Re: ABN AMRO Bank, N.V. Reference No. 3253560
Rate Cap Transaction • August 21st, 2006 • HSI Asset Securitization CORP Trust 2006-Wmc1 • Asset-backed securities • New York

This Agreement is subject to 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, as modified by the Schedule terms in Section 4 of this Confirmation (the “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 capitalized but not defined herein shall have the meaning attributed to them in the Pooling and Servicing Agreement.

MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • August 21st, 2006 • HSI Asset Securitization CORP Trust 2006-Wmc1 • Asset-backed securities • New York

This Mortgage Loan Purchase Agreement (the “Agreement”), dated as of July 1, 2006, is between HSI Asset Securitization Corporation, a Delaware corporation (the “Company”), and HSBC Bank USA, National Association, a national banking association (the “Seller”).

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