Fremont Home Loan Trust 2006-3 Sample Contracts

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FINANCIAL ASSET SECURITIES CORP. Fremont Home Loan Trust 2006-3 Asset-Backed Certificates, Series 2006-3 UNDERWRITING AGREEMENT
Underwriting Agreement • November 7th, 2006 • Fremont Home Loan Trust 2006-3 • Asset-backed securities • New York

Financial Asset Securities Corp., a Delaware corporation (the “Company”), proposes to sell, and Greenwich Capital Markets, Inc. (“GCM” or the “Underwriter”) proposes to purchase, the aggregate principal amount (or notional amount, as applicable) of the Fremont Home Loan Trust 2006-3 Asset-Backed Certificates, Class I-A-1, Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates (the “Offered Certificates”) set forth opposite its name on Schedule I hereto. Only the Offered Certificates are being purchased by the Underwriter hereunder. The Offered Certificates, together with the Class M-10, Class C, Class P, Class R and Class R-X Certificates (collectively, the “Certificates”), will be issued by the Company pursuant to a Pooling Agreement (the “Pooling Agreement”), dated as of September 1, 2006, among the Company, as depositor (the “Depositor”), Wells Fargo Bank, N.A., as serv

SUBSEQUENT TRANSFER INSTRUMENT
Subsequent Transfer Instrument • November 2nd, 2006 • Fremont Home Loan Trust 2006-3 • Asset-backed securities • New York

Pursuant to this Subsequent Transfer Instrument, dated November 1, 2006 (the “Instrument”), between Financial Asset Securities Corp. as seller (the “Depositor”), and Deutsche Bank National Trust Company as trustee of the Fremont Home Loan Trust 2006-3, Asset-Backed Certificates, Series 2006-3, as purchaser (the “Trustee”), and pursuant to the Pooling and Servicing Agreement, dated as of September 1, 2006 (the “Pooling and Servicing Agreement”), among the Depositor, Wells Fargo Bank, N.A. as servicer (the “Servicer”) and the Trustee, agree to the sale by the Depositor and the purchase by the Trustee in trust, on behalf of the Trust, of the Mortgage Loans listed on the attached Schedule of Mortgage Loans (the “Subsequent Mortgage Loans”).

FREMONT HOME LOAN TRUST 2006-3 AMENDMENT NO. 1 TO POOLING AND SERVICING AGREEMENT Dated as of January 10, 2007 Fremont Home Loan Trust 2006-3 Asset- Backed Certificates, Series 2006-3
Pooling and Servicing Agreement • January 24th, 2007 • Fremont Home Loan Trust 2006-3 • Asset-backed securities

AMENDMENT NO. 1 (this “Amendment”) effective as of September 1, 2006, among Financial Asset Securities Corp., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as servicer effective January 1, 2007 and February 1, 2007 (the “Servicer”) and Deutsche Bank National Trust Company, as trustee (the “Trustee”).

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