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 1315(d) OF to 2826-~~Apr~~May-06 (Exact name of issuing entity as specified in its charter) Commission File Number of Issuing entity: 333-131465-02 Commission File Number of depositor: 333-131465 (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-HE4 11 Madison Avenue New York, New York 10010 (212) 325-2000 Delaware

Registered/reporting pursuant to (check one)

Section 15(d)

Name of exchange

Title of Class

Has the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days?

YES

(If Section 12(b))

PART I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

Item 9. Exhibits.

(b) Exhibit-1 : Distribution Statement

see Exhibit-1

Filing Compare · Asset Backed Securities CORP Home Equity Loan Trust, Series NC 2006-HE4