UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

~~FORM~~Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

~~SECURITIES~~Securities ~~EXCHANGE~~Exchange ~~ACT~~Act OFof 1934

~~DATE~~Date OFof ~~REPORT~~Report (~~DATE~~Date OFof ~~EARLIEST~~earliest ~~EVENT~~event ~~REPORTED~~reported): ~~JULY~~July 20, 2006

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

(as depositor under the Pooling and Servicing Agreement,

dated as of July 1, 2006, providing for the issuance of

Mortgage Pass-Through Certificates, Series 2006-AM2)

Mortgage Asset Securitization Transactions, Inc.

(~~EXACT~~Exact ~~NAME~~name OFof ~~REGISTRANT~~registrant ASas ~~SPECIFIED~~specified INin ~~ITS~~its ~~CHARTER~~charter)

Delaware (State or Other Jurisdiction of Incorporation)	333-130373-07 (Commission File Number)		06-1204982 (I.R.S. Employer Identification Number)
Delaware	333-130373-07	06-1204982
1285 Avenue of the Americas New York, New York (Address of Principal Executive Offices)		10019 (Zip Code)
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
Registrant’s telephone number, including area code: (212) 713-2000
1285 Avenue of the Americas New York, New York	10019

Registrant’s telephone number, including area code: (212) 713-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[o ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[o ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

[o ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[o ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Section~~SECTION 9 2- ~~Financial~~Completion ~~Statements~~of ~~and~~Acquisition ~~Exhibits~~of Disposition of Assets

Item 92.01. ~~Financial~~ Acquisition ~~Statements,~~or ~~Pro~~Disposition ~~Forma~~of ~~Financial Information and Exhibits.~~Assets

Description ~~(a)~~of ~~Not~~the ~~applicable~~Certificates and the Mortgage Pool

On July 28, 2006, a single series of certificates, entitled MASTR Asset-Backed Securities Trust 2006-AM2, Mortgage Pass-Through Certificates (bthe “Certificates”), were issued pursuant to a pooling and servicing agreement, ~~Not~~dated ~~applicable~~as of July 1, 2006 (the “Agreement”), attached hereto as Exhibit 4.1, among Mortgage Asset Securitization Transactions, Inc. as depositor (the “Depositor”), Wells Fargo Bank, N.A. as servicer (the “Servicer”), Wells Fargo Bank, N.A as master servicer and trust administrator (the “Master Servicer” and the “Trust Administrator”) and U.S. Bank National Association as trustee (the “Trustee”). The Certificates consist of twenty classes of certificates (collectively, the “Certificates”), designated as the “Class A-1 Certificates”, “Class A-2 Certificates”, “Class A-3 Certificates”, “Class A-4 Certificates”, “Class M-1 Certificates”, “Class M-2 Certificates”, “Class M-3 Certificates”, “Class M-4 Certificates”, “Class M-5 Certificates”, “Class M-6 Certificates”, “Class M-7 Certificates”, “Class M-8 Certificates”, “Class M-9 Certificates”, “Class M-10 Certificates”, “Class M-11 Certificates”, “Class M-12 Certificates”, “Class CE Certificates”, “Class P Certificates”, “Class R Certificates” and “Class R-X Certificates”. The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting of a pool of mortgage loans (the “Mortgage Pool”) of conventional, one- to four- family, adjustable rate and fixed rate, first and second lien mortgage loans having original terms to maturity up to 30 years (the “Mortgage Loans”). The Mortgage Pool consists of Mortgage Loans having an aggregate Stated Principal Balance of $477,328,508 as of July 1, 2006 (the “Cut-off Date”). The Mortgage Loans were purchased pursuant to the Assignment and Recognition Agreement, dated July 28, 2006, (the “Assignment Agreement”) among UBS Real Estate Securities Inc. (“UBSRES”), the Depositor and Aames Capital Corporation (“Aames”). The Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the Class M-11 Certificates (the “Publicly Offered Certificates”) were sold by the Depositor to UBS Securities LLC (the “Underwriter”), pursuant to an Underwriting Agreement, dated July 24, 2006 (the “Underwriting Agreement”) between the Depositor and the Underwriter.

The ~~(c)~~Publicly ~~Exhibits~~Offered Certificates have the following initial Certificate Balances and Pass-Through Rates:

Exhibit No.	Item 601(a) of Regulation S-K, Exhibit No.	Description
	Designation		Pass-Through Rate	Initial Aggregate Certificate Principal Balance
1	5.1, 8.1, 23.1	Opinion and Consent of Thacher Proffitt & Wood LLP
	Class A-1		Variable	$206,440,000
	Class A-2		Variable	$64,630,000
	Class A-3		Variable	$69,720,000
	Class M-1		Variable	$18,615,000
	Class M-2		Variable	$17,183,000
	Class M-3		Variable	$10,501,000
	Class M-4		Variable	$9,546,000
	Class M-5		Variable	$8,353,000
	Class M-6		Variable	$7,637,000
	Class M-9		Variable	$5,011,000
	Class M-10		Variable	$4,057,000
	Class M-11		Variable	$4,773,000

The Certificates, other than the Class A-4 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-12 Certificates, Class CE Certificates, Class P Certificates, Class R Certificates and Class R-X Certificates, and the Mortgage Loans are more particularly described in the Prospectus Supplement, dated July 24, 2006 and the Prospectus to which it relates, dated June 28, 2006, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class A-4 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-12 Certificates, the Class CE Certificates, the Class P Certificates, the Class R Certificates and the Class R-X Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.

Section 9- Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

1. Not applicable

2. Not applicable

3. Exhibits

Exhibit No.	Description
1.1	Underwriting Agreement, dated as of July 24, 2006 between the Depositor and the Underwriter, relating to the Series 2006-AM2 Certificates.
4.1	Pooling and Servicing Agreement, dated as of July 1, 2006, by and among Mortgage Asset Securitization Transactions, Inc. as depositor (the “Depositor”), Wells Fargo Bank, N.A. as servicer (the “Servicer”) master servicer and trust administrator and U.S. Bank National Association as trustee (the “Trustee”), relating to the Series 2006-AM2 Certificates.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: ~~July~~August 2829, 2006

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. By: /s/ Steven Warjanka Name: Steven Warjanka Title: Director

By: /s/ Vadim Khoper Name: Vadim Khoper Title: Associate Director

~~Name:~~Index ~~Vadim~~to ~~Khoper~~Exhibits

Title: Associate Director

Exhibit No.	Description
1.1	Underwriting Agreement, dated as of July 24, 2006 between the Depositor and the Underwriter, relating to the Series 2006-AM2 Certificates.
4.1	Pooling and Servicing Agreement, dated as of July 1, 2006, by and among Mortgage Asset Securitization Transactions, Inc. as depositor (the “Depositor”), Wells Fargo Bank, N.A. as servicer (the “Servicer”) master servicer and trust administrator and U.S. Bank National Association as trustee (the “Trustee”), relating to the Series 2006-AM2 Certificates.

By: /s/ Jeffery B. Lown

Name: Jeffery B. Lown

Title: Executive Director

EXHIBIT INDEX

Exhibit No.	Item 601(a) of Regulation S-K, Exhibit No.	Description
1	5.1, 8.1, 23.1	Opinion and Consent of Thacher Proffitt & Wood LLP

EXHIBIT 5.1, 8.1, 23.1

Filing Compare · MASTR Asset-Backed Securities Trust 2006-AM2