SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 UNITED STATES FORM 10-D ASSET-BACKED ISSUER THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from (Exact name of depositor as specified in its charter) (State or other jurisdiction of incorporation or organization of the issuing entity) (Telephone number, including area code) 252 6 -~~May~~ J u n -06 0 6 Asset Backed Securities Corporation (I.R.S. Employer Identification No.) 13-3354848 (Address of principal executive offices of issuing entity) (Zip Code) DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 13(d) OF to 26-~~Apr~~May-06 (Exact name of issuing entity as specified in its charter) Commission File Number of Issuing entity: 333-127230-04 Commission File Number of depositor: 333-127230 (Exact name of sponsor as specified in its charter) DLJ MORTGAGE CAPITAL, INC. (Former name, former address, if changed since last report) No Change Asset Backed Securities Corporation Home Equity Loan Trust, Series NC 2006-HE2 11 Madison Avenue New York, New York 10010 (212) 325-2000 Delaware

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