New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

External Parties

Table of Contents

Page

Seller

New Century Credit Corp.

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

Wells Fargo

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Goldman Sachs & Co.

7. Foreclosure Report

8. Prepayment Report

9. Prepayment Detail Report

10. Realized Loss Report

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

Total Number of Pages

Dates

Contacts

Cut-Off Date:

May 01, 2006

Eiko Akiyama

Close Date:

June 22, 2006

Administrator

First Distribution Date:

June 26, 2006

(714) 247-6328

Eiko.Akiyama@db.com

Address:

Distribution Date:

June 26, 2006

1761 East St. Andrew Place, Santa Ana, CA 92705

Record Date:

June 22, 2006

Factor Information:

(800) 735-7777

June 23, 2006

Main Phone Number:

(714) 247-6000

Determination Date:

June 15, 2006

https://www.tss.db.com/invr

Page 1 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution

Certificate Payment Report
Current Period Distribution -
				Prior						Current
	Class		Original	Principal			Total	Realized	Deferred	Principal
	Class		Original	Principal			Total	Realized	Deferred	Principal
Class	Type	Cur	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance

			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
AV-1	SEN	$	176,827,000.00	176,827,000.00	105,199.88	1,205,210.09	1,310,409.97	0.00	0.00	175,621,789.91
AV-1	SEN	$	176,827,000.00	176,827,000.00	105,199.88	1,205,210.09	1,310,409.97	0.00	0.00	175,621,789.91
AF-2	SEN	$	49,143,000.00	49,143,000.00	242,003.07	0.00	242,003.07	0.00	0.00	49,143,000.00
AF-3	SEN	$	74,436,000.00	74,436,000.00	382,915.53	0.00	382,915.53	0.00	0.00	74,436,000.00
AF-4	SEN	$	77,025,000.00	77,025,000.00	405,023.13	0.00	405,023.13	0.00	0.00	77,025,000.00
AF-5	SEN	$	64,489,000.00	64,489,000.00	339,104.66	0.00	339,104.66	0.00	0.00	64,489,000.00
AF-6	SEN	$	49,102,000.00	49,102,000.00	252,341.72	0.00	252,341.72	0.00	0.00	49,102,000.00
M-1	SUB	$	7,301,000.00	7,301,000.00	38,391.09	0.00	38,391.09	0.00	0.00	7,301,000.00
M-2	SUB	$	2,610,000.00	2,610,000.00	13,724.25	0.00	13,724.25	0.00	0.00	2,610,000.00
M-3	SUB	$	2,610,000.00	2,610,000.00	13,724.25	0.00	13,724.25	0.00	0.00	2,610,000.00
M-4	SUB	$	2,610,000.00	2,610,000.00	13,724.25	0.00	13,724.25	0.00	0.00	2,610,000.00
M-5	SUB	$	2,610,000.00	2,610,000.00	13,724.25	0.00	13,724.25	0.00	0.00	2,610,000.00
M-6	SUB	$	2,610,000.00	2,610,000.00	13,724.25	0.00	13,724.25	0.00	0.00	2,610,000.00
TRUST	RES	$	0.00	0.00	1,224,703.31	0.00	1,224,703.31	0.00	0.00	0.00


Total		511,373,000.00	511,373,000.00	3,058,303.64	1,205,210.09	4,263,513.73	0.00	0.00	510,167,789.91
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
					Orig. Principal	Prior				Current
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
			Method
					(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

AV-1	06/22/06	06/25/06	A-Act/360	643528AA0	176,827,000.00	1,000.000000	0.594931	6.815758	7.410689	993.184242
AV-1	06/22/06	06/25/06	A-Act/360	643528AA0	176,827,000.00	1,000.000000	0.594931	6.815758	7.410689	993.184242
AF-2	05/01/06	05/30/06	F-30/360	643528AB8	49,143,000.00	1,000.000000	4.924467	0.000000	4.924467	1,000.000000
AF-3	05/01/06	05/30/06	F-30/360	643528AC6	74,436,000.00	1,000.000000	5.144225	0.000000	5.144225	1,000.000000
AF-4	05/01/06	05/30/06	F-30/360	643528AD4	77,025,000.00	1,000.000000	5.258333	0.000000	5.258333	1,000.000000
AF-5	05/01/06	05/30/06	F-30/360	643528AE2	64,489,000.00	1,000.000000	5.258333	0.000000	5.258333	1,000.000000
AF-6	05/01/06	05/30/06	F-30/360	643528AF9	49,102,000.00	1,000.000000	5.139133	0.000000	5.139133	1,000.000000
M-1	05/01/06	05/30/06	F-30/360	643528AG7	7,301,000.00	1,000.000000	5.258333	0.000000	5.258333	1,000.000000
M-2	05/01/06	05/30/06	F-30/360	643528AH5	2,610,000.00	1,000.000000	5.258333	0.000000	5.258333	1,000.000000
M-3	05/01/06	05/30/06	F-30/360	643528AJ1	2,610,000.00	1,000.000000	5.258333	0.000000	5.258333	1,000.000000
M-4	05/01/06	05/30/06	F-30/360	643528AK8	2,610,000.00	1,000.000000	5.258333	0.000000	5.258333	1,000.000000
M-5	05/01/06	05/30/06	F-30/360	643528AL6	2,610,000.00	1,000.000000	5.258333	0.000000	5.258333	1,000.000000
M-6	05/01/06	05/30/06	F-30/360	643528AM4	2,610,000.00	1,000.000000	5.258333	0.000000	5.258333	1,000.000000
TRUST	05/01/06	05/30/06	A-30/360	NC06A1101	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 2 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution


Distribution to Date -
									Current


	Original		Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal

Class	Face Value	Interest	Principal	Principal	Principal	Distribution	Loss	Interest	Balance
(1)	(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
AV-1	176,827,000.00	105,199.88	993,955.49	211,254.60	1,205,210.09	1,310,409.97	0.00	0.00	175,621,789.91
AF-2	49,143,000.00	242,003.07	0.00	0.00	0.00	242,003.07	0.00	0.00	49,143,000.00
AF-3	74,436,000.00	382,915.53	0.00	0.00	0.00	382,915.53	0.00	0.00	74,436,000.00
AF-4	77,025,000.00	405,023.13	0.00	0.00	0.00	405,023.13	0.00	0.00	77,025,000.00
AF-5	64,489,000.00	339,104.66	0.00	0.00	0.00	339,104.66	0.00	0.00	64,489,000.00
AF-6	49,102,000.00	252,341.72	0.00	0.00	0.00	252,341.72	0.00	0.00	49,102,000.00
M-1	7,301,000.00	38,391.09	0.00	0.00	0.00	38,391.09	0.00	0.00	7,301,000.00
M-2	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	0.00	0.00	2,610,000.00
M-3	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	0.00	0.00	2,610,000.00
M-4	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	0.00	0.00	2,610,000.00
M-5	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	0.00	0.00	2,610,000.00
M-6	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	0.00	0.00	2,610,000.00
TRUST	0.00	1,224,703.31	0.00	0.00	0.00	1,224,703.31	0.00	0.00	0.00


Total	511,373,000.00	3,058,303.64	993,955.49	211,254.60	1,205,210.09	4,263,513.73	0.00	0.00	510,167,789.91


Interest Detail -
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or	Current
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or

	Through	(with Notional)	Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid

Class	Rate	Balance	Interest	Interest SF	Interest	Adjustment	Interest	Interest	Interest
			(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
AV-1	5.35438%	176,827,000.00	105,199.88	0.00	0.00	0.00	105,199.88	105,199.88	0.00
AF-2	5.90936%	49,143,000.00	242,003.07	0.00	0.00	0.00	242,003.07	242,003.07	0.00
AF-3	6.17307%	74,436,000.00	382,915.53	0.00	0.00	0.00	382,915.53	382,915.53	0.00
AF-4	6.31000%	77,025,000.00	405,023.13	0.00	0.00	0.00	405,023.13	405,023.13	0.00
AF-5	6.31000%	64,489,000.00	339,104.66	0.00	0.00	0.00	339,104.66	339,104.66	0.00
AF-6	6.16696%	49,102,000.00	252,341.72	0.00	0.00	0.00	252,341.72	252,341.72	0.00
M-1	6.31000%	7,301,000.00	38,391.09	0.00	0.00	0.00	38,391.09	38,391.09	0.00
M-2	6.31000%	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	13,724.25	0.00
M-3	6.31000%	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	13,724.25	0.00
M-4	6.31000%	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	13,724.25	0.00
M-5	6.31000%	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	13,724.25	0.00
M-6	6.31000%	2,610,000.00	13,724.25	0.00	0.00	0.00	13,724.25	13,724.25	0.00
TRUST	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	1,224,703.31	0.00


Total		511,373,000.00	1,833,600.33	0.00	0.00	0.00	1,833,600.33	3,058,303.64	0.00



Page 3 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

1,205,593.14

Principal Withrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

1,205,593.14

Interest Collections

2,885,169.59

Interest Withdrawals

-0.00

Interest Other Accounts

219,600.36

Interest Fees

-46,849.36

TOTAL NET INTEREST

3,057,920.59

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

4,263,513.73

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

211,254.60

Curtailments

305,438.54

Prepayments In Full

297,400.00

Repurchased/Substitutions

391,500.00

Liquidations

0.00

Insurance Principal

0.00

Other Additional Principal

0.00

Delinquent Principal

-121,359.48

Realized Losses

-0.00

Advanced Principal

121,359.48

TOTAL PRINCIPAL COLLECTED

1,205,593.14

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

Total

TOTAL PRINCIPAL OTHER ACCOUNTS

0.00

Page 4 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

INTEREST - COLLECTIONS

Total

Scheduled Interest

2,947,051.46

Repurchased/Substitution Interest

2,283.75

Liquidation Interest

0.00

Insurance Interest

0.00

Other Additional Interest

0.00

Prepayment Interest Shortfalls

-303.60

Delinquent Interest

-1,759,954.28

Compensating Interest

303.60

Civil Relief Act Shortfalls

-0.00

Realized Loss of Interest

-0.00

Interest Advanced

1,695,788.65

TOTAL INTEREST COLLECTED

2,885,169.59

INTEREST - WITHDRAWALS

Total

Non-Recoverable Advances

TOTAL INTEREST WITHDRAWALS

0.00

INTEREST - OTHER ACCOUNTS

Total

Prepayment Charges

0.00

Initial Deposit

219,600.36

TOTAL INTEREST OTHER ACCOUNTS

219,600.36

INTEREST FEES

Total

Current Servicing Fees

44,544.70

Indenture Trustee Fee

2,304.66

Owner Trustee Fee

0.00

TOTAL INTEREST FEES

46,849.36

Page 5 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Total

Beginning Overcollateralized Amount

10,436,574.55

Overcollateralization Target Amount

10,436,191.49

Excess Overcollateralized Amount

0.00

Beginning Overcollateralized Deficiency Amount

0.00

Ending Overcollateralization Deficiency Amount

0.00

Ending Overcollateralized Amount

10,436,191.50

Net Monthly Excess Cashflow

1,224,703.31

Overcollateralization Increase Amount

0.00

Overcollateralization Reduction Amount

383.05

Page 6 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Collateral Report

COLLATERAL

Total

Loan Count:

Original

1,855

Prior

1,855

Prefunding

Scheduled Paid Offs

-0

Full Voluntary Prepayments

-1

Repurchases

-1

Liquidations

-0

Current

1,853

Principal Balance:

Original

521,809,574.55

Prior

521,809,574.55

Prefunding

0.00

Scheduled Principal

-211,254.60

Partial Prepayments

-305,438.54

Full Voluntary Prepayments

-297,400.00

Repurchases

-391,500.00

Liquidations

-0.00

Current

520,603,981.41

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

							Total
Weighted Average Coupon Original							6.82062%
Weighted Average Coupon Prior							6.82062%
Weighted Average Coupon Current							6.82062%
Weighted Average Months to Maturity Original							369
Weighted Average Months to Maturity Prior							369
Weighted Average Months to Maturity Current							369
Weighted Avg Remaining Amortization Term Original							373
Weighted Avg Remaining Amortization Term Prior							373
Weighted Avg Remaining Amortization Term Current							373
Weighted Average Seasoning Original							1.43
Weighted Average Seasoning Prior							1.43
Weighted Average Seasoning Current							1.43

Page 8 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

		Total
Weighted Average Margin Original		0.00000%
Weighted Average Margin Prior		0.00000%
Weighted Average Margin Current		0.00000%
Weighted Average Max Rate Original		0.00000%
Weighted Average Max Rate Prior		0.00000%
Weighted Average Max Rate Current		0.00000%
Weighted Average Min Rate Original		0.00000%
Weighted Average Min Rate Prior		0.00000%
Weighted Average Min Rate Current		0.00000%
Weighted Average Cap Up Original		0.00000%
Weighted Average Cap Up Prior		0.00000%
Weighted Average Cap Up Current		0.00000%
Weighted Average Cap Down Original		0.00000%
Weighted Average Cap Down Prior		0.00000%
Weighted Average Cap Down Current		0.00000%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

		Total




Current Servicing Fees		44,544.70
Delinquent Servicing Fees		64,165.63
TOTAL SERVICING FEES		108,710.33


Total Servicing Fees		108,710.33
Compensating Interest		-303.60
Delinquent Servicing Fees		-64,165.63
COLLECTED SERVICING FEES		44,241.11


Total Advanced Interest		1,695,788.65
Total Advanced Principal		121,359.48
Aggregate Advances with respect to this Distribution		1,817,148.13






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Total
	Prepayment Interest Shortfall (PPIS)	303.60
	Compensating Interest	(303.60)
	Net Prepayment Interest Shortfall (PPIS)	0.00





Page 9 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		0.00	0.00	0.00	0.00
	% Balance		0.00%	0.00%	0.00%	0.00%
	# Loans		0	0	0	0
	% # Loans		0.00%	0.00%	0.00%	0.00%
FORECLOSURE	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
REO	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%

Page 10 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution


ADDITIONAL DELINQUENCY REPORTING


	# of Accounts		Principal Balance		% of Total

30-59 Days Delinquent	0		$0.00	0.00%

60-89 Days Delinquent	0		$0.00	0.00%

90 or more Days Delinquent	0		$0.00	0.00%

Aggregate	0		$0.00	0.00%

The above statistics include Mortgage Loans in foreclosure but exclude REO properties


	# of Accounts		Principal Balance		% of Total

Loans in foreclosure proceedings	0	$0.00		0.00%

Loans in bankruptcy proceedings	0		$0.00	0.00%

REO Properties	0	$0.00		0.00%


Delinquency

Category	Loan Count		Stated Balance		% of Total

0	1,853	$520,603,981.41		100.00%

30	0	$0.00		0.00%

60	0	$0.00		0.00%

90	0
90	0	$0.00		0.00%

FC	0	$0.00		0.00%

REO	0	$0.00		0.00%

Total	1,853	$520,603,981.41		100.00%

*The above amounts include Bankruptcies. Total Bankruptcies for the period were:

BK	0		$0.00	0.00%



Page 11 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 12 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Foreclosure Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 13 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS

Total

Current

Number of Paid in Full Loans

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

Curtailments Amount

305,438.54

Paid in Full Balance

297,400.00

Repurchased Loans Balance

391,500.00

Total Prepayment Amount

994,338.54

Cumulative

Number of Paid in Full Loans

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

Paid in Full Balance

297,400.00

Repurchased Loans Balance

391,500.00

Curtailments Amount

305,438.54

Total Prepayment Amount

994,338.54

Page 14 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	0.19%
3 Months Avg SMM	0.19%
12 Months Avg SMM	0.19%
Avg SMM Since Cut-off	0.19%



CPR	2.26%
3 Months Avg CPR	2.26%
12 Months Avg CPR	2.26%
Avg CPR Since Cut-off	2.26%



PSA	792.73%
3 Months Avg PSA Approximation	792.72%
12 Months Avg PSA Approximation	792.72%
Avg PSA Since Cut-off Approximation	792.72%

Page 15 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.

Dates correspond to distribution dates.

Page 16 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Prepayment Detail Report

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution

Loan Number

Original

Current

State &

Type Prepayment

First

Loan

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

10445817 1

297,400.00

25-May-2006

6.375%

NV - 79.84%

Paid Off - 360

01-May-2006

10479179 1

391,500.00

25-May-2006

7.000%

CO - 90.00%

Repur/Subs - 360

01-Jun-2006

TOTAL

688,900.00

Page 17 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES

Total

Current

Number of Loans Liquidated

Collateral Principal Realized Loss/(Gain) Amount

0.00

Collateral Interest Realized Loss/(Gain) Amount

0.00

Net Liquidation Proceeds

0.00

Trailing Losses/(Gains)

Subsequent Recoveries

0.00

Cumulative

Number of Loans Liquidated

Collateral Realized Loss/(Gain) Amount

0.00

Net Liquidation Proceeds

0.00

Cumulative Subsequent Recoveries

0.00

Cumulative Recoveries

0.00

Page 18 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution


DEFAULT SPEEDS

								Total



MDR								0.00%
3 Months Avg MDR								0.00%
12 Months Avg MDR								0.00%
Avg MDR Since Cut-off								0.00%


CDR								0.00%
3 Months Avg CDR								0.00%
12 Months Avg CDR								0.00%
Avg CDR Since Cut-off								0.00%


SDA								0.00%
3 Months Avg SDA Approximation								0.00%
12 Months Avg SDA Approximation								0.00%
Avg SDA Since Cut-off Approximation								0.00%


Loss Severity Approximation for Current Period								0.00%
3 Months Avg Loss Severity Approximation								0.00%
12 Months Avg Loss Severity Approximation								0.00%
Avg Loss Severity Approximation Since Cut-off								0.00%

Page 19 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY

Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)

Conditional Default Rate (CDR): 1-((1-MDR)^12)

SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)

Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

Average SDA Approximation over period between the nth month and mth month:

AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))

Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)

Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.

Dates correspond to distribution dates.

Page 20 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

TOTAL

Page 21 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1

Asset Backed Notes

June 26, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Stepdown Date Occurred?

Credit Enhancement Percentage (For Stepdown Date)

5.9137%

Applicable % (On and After Stepdown Date)

11.8000%

Trigger Event In Effect?

Rolling 3-Mon. Delinquency Percentage

0.0000%

Prior Credit Enhancement Percentage

5.9002%

Applicable %

45.0000%

Applicable % of prior Credit Enhancement Percentage

2.6551%

Aggregate Amount of Realized Losses

0.00

Stated Principal Balance as of Cutoff Date

521,809,574.62

Realized Loss Percentage

0.0000%

Servicer Termination Test?

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

Current LIBOR Rate

5.294380%

Libor Rate Determination Date

06/20/2006

Next LIBOR Rate

5.322500%

Next Libor Rate Determination Date

06/22/2006

Page 22 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1



Asset Backed Notes
Asset Backed Notes
June 26, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rates	Interest Carryfrwd Due	Interest Carryfrwd Paid	Unpaid Basis Risk Shortfall	Current Basis Risk shortfall
CLASS

	AV-1	5.38250%	$0.00	$0.00	$0.00	$0.00
		5.38250%	$0.00	$0.00	$0.00	$0.00
	AF-2	5.90936%	$0.00	$0.00	$0.00	$0.00
		5.90936%	$0.00	$0.00	$0.00	$0.00
	AF-3	6.17307%	$0.00	$0.00	$0.00	$0.00
		6.17307%	$0.00	$0.00	$0.00	$0.00
	AF-4	6.31000%	$0.00	$0.00	$0.00	$0.00
		6.31000%	$0.00	$0.00	$0.00	$0.00
	AF-5	6.31000%	$0.00	$0.00	$0.00	$0.00
		6.31000%	$0.00	$0.00	$0.00	$0.00
	AF-6	6.16696%	$0.00	$0.00	$0.00	$0.00
		6.16696%	$0.00	$0.00	$0.00	$0.00
	M-1	6.31000%	$0.00	$0.00	$0.00	$0.00
		6.31000%	$0.00	$0.00	$0.00	$0.00
	M-2	6.31000%	$0.00	$0.00	$0.00	$0.00
		6.31000%	$0.00	$0.00	$0.00	$0.00
	M-3	6.31000%	$0.00	$0.00	$0.00	$0.00
		6.31000%	$0.00	$0.00	$0.00	$0.00
	M-4	6.31000%	$0.00	$0.00	$0.00	$0.00
		6.31000%	$0.00	$0.00	$0.00	$0.00
	M-5	6.31000%	$0.00	$0.00	$0.00	$0.00
		6.31000%	$0.00	$0.00	$0.00	$0.00
	M-6	6.31000%	$0.00	$0.00	$0.00	$0.00
		6.31000%	$0.00	$0.00	$0.00	$0.00
	TRUST	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00






Page 23 of 23

New Century Alternative Mortgage Loan Trust 2006-ALT1 10-D