10-D 1 bsa06ac3_10d-200606.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from: May 26, 2006 to June 26, 2006 Commission File Number of issuing entity: 333-131374-02 Bear Stearns Asset Backed Securities I Trust 2006-AC3 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-131374 Bear Stearns Asset Backed Securities I LLC. (Exact name of depositor as specified in its charter) EMC Mortgage Corporation (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2196683 54-2196684 54-2196685 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices of the issuing entity) (Zip Code) (410) 884-2000 (Telephone number, including area code) Not Applicable (Former name, former address, if changed since last report) Registered/reporting pursuant to (check one) Title of Section Section Section Name of Exchange Class 12(b) 12(g) 15(d) (If Section 12(b)) B-1 _____ _____ __X___ ____________ B-2 _____ _____ __X___ ____________ B-3 _____ _____ __X___ ____________ B-4 _____ _____ __X___ ____________ C _____ _____ __X___ ____________ I-A-1 _____ _____ __X___ ____________ I-A-2 _____ _____ __X___ ____________ II-A-1 _____ _____ __X___ ____________ II-A-2 _____ _____ __X___ ____________ M-1 _____ _____ __X___ ____________ M-2 _____ _____ __X___ ____________ M-3 _____ _____ __X___ ____________ P _____ _____ __X___ ____________ R-1 _____ _____ __X___ ____________ R-2 _____ _____ __X___ ____________ R-3 _____ _____ __X___ ____________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities 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 __X__ No ____ Part I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information On June 26, 2006 a distribution was made to holders of Bear Stearns Asset Backed Securities I Trust 2006-AC3. The distribution report is attached as an Exhibit to this Form 10-D. Please see Item 9(b), Exhibit 99.1 for the related information. Part II - OTHER INFORMATION Item 9. Exhibits. (a) The following is a list of documents filed as part of this Report on Form 10-D: (99.1) Monthly report distributed to holders of Bear Stearns Asset Backed Securities I Trust 2006-AC3, relating to the June 26, 2006 distribution. (b) The exhibits required to be filed by Registrant pursuant to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof. 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. Bear Stearns Asset Backed Securities I Trust 2006-AC3 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Beth Belfield Beth Belfield, Officer Date: July 7, 2006 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of Bear Stearns Asset Backed Securities I Trust 2006-AC3, relating to the June 26, 2006 distribution. EX-99.1 Bear Stearns Asset Backed Securities Asset Backed Certificates Distribution Date: 6/26/2006 Bear Stearns Asset Backed Securities Asset Backed Certificates Series 2006-AC3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Certificateholder Distribution Summary Class CUSIP Certificate Beginning Interest Pass-Through Certificate Distribution Rate Balance I-A-1 07387NAA5 5.~~28000~~48125% ~~231~~227,~~684~~008,~~000~~578.0045 1,~~019~~036,~~409~~908.6098 I-A-2 07387NAB3 1.~~22000~~01875% 0.00 ~~235~~192,~~545~~720.4082 II-A-1 07387NAC1 5.~~42000~~58125% ~~176~~174,~~710~~930,~~000~~405.0079 ~~798~~813,~~140~~608.1761 II-A-2 07387NAD9 10.~~08000~~91875% 0.00 ~~159~~133,~~039~~931.0009 M-1 07387NAE7 5.~~35000~~43125% 3130,~~271~~776,~~000~~735.0015 ~~125~~143,~~474~~940.8901 M-2 07387NAF4 5.~~45000~~53125% 2120,~~115~~781,~~000~~259.0040 8698,~~307~~981.5657 M-3 07387NAG2 5.~~55000~~63125% 1817,~~174~~886,~~000~~744.0042 7586,~~649~~735.2718 B-1 07387NAH0 6.~~05000~~13125% 15,~~769~~519,~~000~~757.0050 7181,~~551~~939.8447 B-2 07387NAJ6 6.~~15000~~23125% 13,~~364~~152,~~000~~770.0057 6170,~~641~~575.4512 B-3 07387NAK3 7.~~00000~~08125% 10,~~691~~522,~~000~~019.0062 5664,~~127~~160.7557 B-4 07387NAL1 8.~~00000~~08125% 10,~~958~~784,~~000~~799.0046 6575,~~748~~049.0085 C 07387NAR8 0.00000% 4,~~811~~810,~~220~~924.9599 ~~382~~287,~~117~~320.0576 P 07387NAQ0 0.00000% 100.00 506,~~293~~135.7549 R-1 07387NAM9 0.00000% 0.00 0.00 R-2 07387NAN7 0.00000% 0.00 0.00 R-3 07387NAP2 0.00000% 0.00 0.00 Totals ~~534~~526,~~547~~174,~~320~~095.9535 3,~~187~~092,~~045~~007.7352

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses I-A-1 43,~~675~~305,~~421~~205.5598 0.00 ~~227~~223,~~008~~703,~~578~~372.4547 54,~~694~~342,~~831~~114.1596 0.00 I-A-2 0.00 0.00 0.00 ~~235~~192,~~545~~720.4082 0.00 II-A-1 12,~~779~~521,~~594~~600.2125 0.00 ~~174~~172,~~930~~408,~~405~~805.7954 23,~~577~~335,~~734~~208.3886 0.00 II-A-2 0.00 0.00 0.00 ~~159~~133,~~039~~931.0009 0.00 M-1 ~~494~~446,~~264~~162.8543 0.00 30,~~776~~330,~~735~~572.1573 ~~619~~590,~~739~~102.7444 0.00 M-2 ~~333~~301,~~740~~260.6058 0.00 20,~~781~~479,~~259~~998.4082 ~~420~~400,~~048~~242.1615 0.00 M-3 ~~287~~259,~~255~~299.5854 0.00 17,~~886~~627,~~744~~444.4288 ~~362~~346,~~904~~034.8572 0.00 B-1 ~~249~~224,~~242~~985.5094 0.00 15,~~519~~294,~~757~~771.5056 ~~320~~306,~~794~~925.3441 0.00 B-2 ~~211~~190,~~229~~672.4334 0.00 1312,~~152~~962,~~770~~098.5724 ~~272~~261,~~870~~247.8846 0.00 B-3 ~~168~~152,~~980~~535.3802 0.00 10,~~522~~369,~~019~~484.6260 ~~225~~216,~~108~~695.1359 0.00 B-4 ~~173~~156,~~200~~344.5447 0.00 10,~~784~~628,~~799~~454.4699 ~~238~~231,~~948~~394.5432 0.00 C 0.00 0.00 4,810,924.99 ~~382~~287,~~117~~320.0576 0.00 P 0.00 0.00 100.00 506,~~293~~135.7549 0.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 87,~~372~~558,~~929~~066.6455 0.00 ~~526~~518,~~174~~616,~~095~~028.3582 1110,~~559~~650,~~975~~074.3707 0.00 As Master Servicer, Wells Fargo Bank, N.A. has independently calculated collateral information based on loan level data received from external parties, which may include the Servicers, Issuer and other parties to the transaction. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished to it by those third parties.

Principal Distribution Statement Class Original Beginning Scheduled UnScheduled Accretion Realized Face Certificate Principal Principal Loss Amount Balance Distribution Distribution I-A-1 231,684,000.00 ~~231~~227,~~684~~008,~~000~~578.0045 0.00 43,~~675~~305,~~421~~205.5598 0.00 0.00 I-A-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 176,710,000.00 ~~176~~174,~~710~~930,~~000~~405.0079 0.00 12,~~779~~521,~~594~~600.2125 0.00 0.00 II-A-2 0.00 0.00 0.00 0.00 0.00 0.00 M-1 31,271,000.00 3130,~~271~~776,~~000~~735.0015 0.00 ~~494~~446,~~264~~162.8543 0.00 0.00 M-2 21,115,000.00 2120,~~115~~781,~~000~~259.0040 0.00 ~~333~~301,~~740~~260.6058 0.00 0.00 M-3 18,174,000.00 1817,~~174~~886,~~000~~744.0042 0.00 ~~287~~259,~~255~~299.5854 0.00 0.00 B-1 15,769,000.00 15,~~769~~519,~~000~~757.0050 0.00 ~~249~~224,~~242~~985.5094 0.00 0.00 B-2 13,364,000.00 13,~~364~~152,~~000~~770.0057 0.00 ~~211~~190,~~229~~672.4334 0.00 0.00 B-3 10,691,000.00 10,~~691~~522,~~000~~019.0062 0.00 ~~168~~152,~~980~~535.3802 0.00 0.00 B-4 10,958,000.00 10,~~958~~784,~~000~~799.0046 0.00 ~~173~~156,~~200~~344.5447 0.00 0.00 C 4,811,220.95 4,~~811~~810,~~220~~924.9599 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 534,547,320.95 ~~534~~526,~~547~~174,~~320~~095.9535 0.00 87,~~372~~558,~~929~~066.6455 0.00 0.00

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution I-A-1 43,~~675~~305,~~421~~205.5598 ~~227~~223,~~008~~703,~~578~~372.4547 0.~~97981983~~96555383 43,~~675~~305,~~421~~205.5598 I-A-2 0.00 0.00 0.00000000 0.00 II-A-1 12,~~779~~521,~~594~~600.2125 ~~174~~172,~~930~~408,~~405~~805.7954 0.~~98992930~~97565959 12,~~779~~521,~~594~~600.2125 II-A-2 0.00 0.00 0.00000000 0.00 M-1 ~~494~~446,~~264~~162.8543 30,~~776~~330,~~735~~572.1573 0.~~98419415~~96992654 ~~494~~446,~~264~~162.8543 M-2 ~~333~~301,~~740~~260.6058 20,~~781~~479,~~259~~998.4082 0.~~98419415~~96992654 ~~333~~301,~~740~~260.6058 M-3 ~~287~~259,~~255~~299.5854 17,~~886~~627,~~744~~444.4288 0.~~98419415~~96992654 ~~287~~259,~~255~~299.5854 B-1 ~~249~~224,~~242~~985.5094 15,~~519~~294,~~757~~771.5056 0.~~98419415~~96992654 ~~249~~224,~~242~~985.5094 B-2 ~~211~~190,~~229~~672.4334 1312,~~152~~962,~~770~~098.5724 0.~~98419415~~96992654 ~~211~~190,~~229~~672.4334 B-3 ~~168~~152,~~980~~535.3802 10,~~522~~369,~~019~~484.6260 0.~~98419415~~96992654 ~~168~~152,~~980~~535.3802 B-4 ~~173~~156,~~200~~344.5447 10,~~784~~628,~~799~~454.4699 0.~~98419415~~96992654 ~~173~~156,~~200~~344.5447 C 0.00 4,810,924.99 0.99993849 0.00 P 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 87,~~372~~558,~~929~~066.6455 ~~526~~518,~~174~~616,~~095~~028.3582 0.~~98433586~~97019667 87,~~372~~558,~~929~~066.6455

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution I-A-1 231,684,000.00 ~~1000~~979.~~00000000~~81983413 0.00000000 2014.~~18016587~~26600879 0.00000000 I-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 176,710,000.00 ~~1000~~989.~~00000000~~92929540 0.00000000 1014.~~07070460~~26970885 0.00000000 II-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 31,271,000.00 ~~1000~~984.~~00000000~~19414633 0.00000000 1514.~~80585367~~26760993 0.00000000 M-2 21,115,000.00 ~~1000~~984.~~00000000~~19414634 0.00000000 1514.~~80585366~~26760976 0.00000000 M-3 18,174,000.00 ~~1000~~984.~~00000000~~19414658 0.00000000 1514.~~80585342~~26760977 0.00000000 B-1 15,769,000.00 ~~1000~~984.~~00000000~~19414674 0.00000000 1514.~~80585326~~26760987 0.00000000 B-2 13,364,000.00 ~~1000~~984.~~00000000~~19414621 0.00000000 1514.~~80585379~~26761000 0.00000000 B-3 10,691,000.00 ~~1000~~984.~~00000000~~19414648 0.00000000 1514.~~80585352~~26761014 0.00000000 B-4 10,958,000.00 ~~1000~~984.~~00000000~~19414674 0.00000000 1514.~~80585326~~26760997 0.00000000 C 4,811,220.95 ~~1000~~999.~~00000000~~93848547 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution I-A-1 0.00000000 2014.~~18016587~~26600879 ~~979~~965.~~81983413~~55382534 0.~~97981983~~96555383 2014.~~18016587~~26600879 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 1014.~~07070460~~26970885 ~~989~~975.~~92929540~~65958655 0.~~98992930~~97565959 1014.~~07070460~~26970885 II-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 1514.~~80585367~~26760993 ~~984~~969.~~19414633~~92653673 0.~~98419415~~96992654 1514.~~80585367~~26760993 M-2 0.00000000 1514.~~80585366~~26760976 ~~984~~969.~~19414634~~92653659 0.~~98419415~~96992654 1514.~~80585366~~26760976 M-3 0.00000000 1514.~~80585342~~26760977 ~~984~~969.~~19414658~~92653681 0.~~98419415~~96992654 1514.~~80585342~~26760977 B-1 0.00000000 1514.~~80585326~~26760987 ~~984~~969.~~19414674~~92653688 0.~~98419415~~96992654 1514.~~80585326~~26760987 B-2 0.00000000 1514.~~80585379~~26761000 ~~984~~969.~~19414621~~92653696 0.~~98419415~~96992654 1514.~~80585379~~26761000 B-3 0.00000000 1514.~~80585352~~26761014 ~~984~~969.~~19414648~~92653634 0.~~98419415~~96992654 1514.~~80585352~~26761014 B-4 0.00000000 1514.~~80585326~~26760997 ~~984~~969.~~19414674~~92653678 0.~~98419415~~96992654 1514.~~80585326~~26760997 C 0.00000000 0.00000000 999.93848547 0.99993849 0.00000000 P 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 NOTE: All Classes are per $1,000 denomination.

Interest Distribution Statement Class Accrual Accrual Current Beginning Current Payment of Dates Days Certificate Certificate/ Accrued Unpaid Interest Rate Notional Interest Shortfall (1) Balance I-A-1 0405/25/06 - 0506/24/06 30 5.~~28000~~48125% ~~231~~227,~~684~~008,~~000~~578.0045 1,~~019~~036,~~409~~908.6098 0.00 I-A-2 0405/25/06 - 0506/24/06 30 1.~~22000~~01875% ~~231~~227,~~684~~008,~~000~~578.0045 ~~235~~192,~~545~~720.4082 0.00 II-A-1 0405/25/06 - 0506/24/06 30 5.~~42000~~58125% ~~176~~174,~~710~~930,~~000~~405.0079 ~~798~~813,~~140~~608.1761 0.00 II-A-2 0405/25/06 - 0506/24/06 30 10.~~08000~~91875% ~~176~~174,~~710~~930,~~000~~405.0079 ~~159~~133,~~039~~931.0009 0.00 M-1 0405/2825/06 - 0506/24/06 2731 5.~~35000~~43125% 3130,~~271~~776,~~000~~735.0015 ~~125~~143,~~474~~940.8901 0.00 M-2 0405/2825/06 - 0506/24/06 2731 5.~~45000~~53125% 2120,~~115~~781,~~000~~259.0040 8698,~~307~~981.5657 0.00 M-3 0405/2825/06 - 0506/24/06 2731 5.~~55000~~63125% 1817,~~174~~886,~~000~~744.0042 7586,~~649~~735.2718 0.00 B-1 0405/2825/06 - 0506/24/06 2731 6.~~05000~~13125% 15,~~769~~519,~~000~~757.0050 7181,~~551~~939.8447 0.00 B-2 0405/2825/06 - 0506/24/06 2731 6.~~15000~~23125% 13,~~364~~152,~~000~~770.0057 6170,~~641~~575.4512 0.00 B-3 0405/2825/06 - 0506/24/06 2731 7.~~00000~~08125% 10,~~691~~522,~~000~~019.0062 5664,~~127~~160.7557 02,451.0070 B-4 0405/2825/06 - 0506/24/06 2731 8.~~00000~~08125% 10,~~958~~784,~~000~~799.0046 6575,~~748~~049.0085 111,~~451~~799.9384 C N/A N/A 0.00000% 4,~~811~~810,~~220~~924.9599 0.00 0.00 P N/A N/A 0.00000% 100.00 0.00 0.00 R-1 N/A N/A 0.00000% 0.00 0.00 0.00 R-2 N/A N/A 0.00000% 0.00 0.00 0.00 R-3 N/A N/A 0.00000% 0.00 0.00 0.00 Totals 2,~~754~~798,~~634~~551.9327 114,~~451~~251.9354

Interest Distribution Statement (continued) Class Current Non-Supported Total Remaining Ending Interest Interest Interest Unpaid Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance I-A-1 0.00 0.00 1,~~019~~036,~~409~~908.6098 0.00 ~~227~~223,~~008~~703,~~578~~372.4547 I-A-2 0.00 0.00 ~~235~~192,~~545~~720.4082 0.00 ~~227~~223,~~008~~703,~~578~~372.4547 II-A-1 0.00 0.00 ~~798~~813,~~140~~608.1761 0.00 ~~174~~172,~~930~~408,~~405~~805.7954 II-A-2 0.00 0.00 ~~159~~133,~~039~~931.0009 0.00 ~~174~~172,~~930~~408,~~405~~805.7954 M-1 0.00 0.00 ~~125~~143,~~474~~940.8901 0.00 30,~~776~~330,~~735~~572.1573 M-2 0.00 0.00 8698,~~307~~981.5657 0.00 20,~~781~~479,~~259~~998.4082 M-3 0.00 0.00 7586,~~649~~735.2718 0.00 17,~~886~~627,~~744~~444.4288 B-1 0.00 0.00 7181,~~551~~939.8447 0.00 15,~~519~~294,~~757~~771.5056 B-2 0.00 0.00 6170,~~641~~575.4512 0.00 1312,~~152~~962,~~770~~098.5724 B-3 02,451.0070 0.00 5664,~~127~~160.7557 0.00 10,~~522~~369,~~019~~484.6260 B-4 111,~~451~~799.9384 0.00 6575,~~748~~049.0085 0.00 10,~~784~~628,~~799~~454.4699 C 0.00 0.00 ~~382~~287,~~117~~320.0576 0.00 4,810,924.99 P 0.00 0.00 506,~~293~~135.7549 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 114,~~451~~251.9354 0.00 3,~~187~~092,~~045~~007.7352 0.00 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable.

Interest Distribution Factors Statement Class Original Current Beginning Current Payment of Face Certificate Certificate/ Accrued Unpaid Interest Amount Rate Notional Interest Shortfall (1) Balance I-A-1 231,684,000.00 5.~~28000~~48125% ~~1000~~979.~~00000000~~81983413 4.~~40000000~~47553124 0.00000000 I-A-2 0.00 1.~~22000~~01875% ~~1000~~979.~~00000000~~81983413 10.~~01666667~~83182619 0.00000000 II-A-1 176,710,000.00 5.~~42000~~58125% ~~1000~~989.~~00000000~~92929540 4.~~51666669~~60420242 0.00000000 II-A-2 0.00 10.~~08000~~91875% ~~1000~~989.~~00000000~~92929540 0.~~90000000~~75791461 0.00000000 M-1 31,271,000.00 5.~~35000~~43125% ~~1000~~984.~~00000000~~19414633 4.~~01250008~~60298711 0.00000000 M-2 21,115,000.00 5.~~45000~~53125% ~~1000~~984.~~00000000~~19414634 4.~~08749988~~68773715 0.00000000 M-3 18,174,000.00 5.~~55000~~63125% ~~1000~~984.~~00000000~~19414658 4.~~16249972~~77248707 0.00000000 B-1 15,769,000.00 6.~~05000~~13125% ~~1000~~984.~~00000000~~19414674 45.~~53750016~~19623755 0.00000000 B-2 13,364,000.00 6.~~15000~~23125% ~~1000~~984.~~00000000~~19414621 45.~~61250000~~28098773 0.00000000 B-3 10,691,000.00 7.~~00000~~08125% ~~1000~~984.~~00000000~~19414648 56.~~25000000~~00136283 0.~~00000000~~22932373 B-4 10,958,000.00 8.~~00000~~08125% ~~1000~~984.~~00000000~~19414674 6.~~00000000~~84886384 01.~~13249954~~07682424 C 4,811,220.95 0.00000% ~~1000~~999.~~00000000~~93848547 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000

Interest Distribution Factors Statement (continued) Class Current Non-Supported Total Remaining Unpaid Ending Interest Interest Interest Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance I-A-1 0.00000000 0.00000000 4.~~40000000~~47553124 0.00000000 ~~979~~965.~~81983413~~55382534 I-A-2 0.00000000 0.00000000 10.~~01666667~~83182619 0.00000000 ~~979~~965.~~81983413~~55382534 II-A-1 0.00000000 0.00000000 4.~~51666669~~60420242 0.00000000 ~~989~~975.~~92929540~~65958655 II-A-2 0.00000000 0.00000000 0.~~90000000~~75791461 0.00000000 ~~989~~975.~~92929540~~65958655 M-1 0.00000000 0.00000000 4.~~01250008~~60298711 0.00000000 ~~984~~969.~~19414633~~92653673 M-2 0.00000000 0.00000000 4.~~08749988~~68773715 0.00000000 ~~984~~969.~~19414634~~92653659 M-3 0.00000000 0.00000000 4.~~16249972~~77248707 0.00000000 ~~984~~969.~~19414658~~92653681 B-1 0.00000000 0.00000000 45.~~53750016~~19623755 0.00000000 ~~984~~969.~~19414674~~92653688 B-2 0.00000000 0.00000000 45.~~61250000~~28098773 0.00000000 ~~984~~969.~~19414621~~92653696 B-3 0.~~00000000~~22932373 0.00000000 56.~~25000000~~00136283 0.00000000 ~~984~~969.~~19414648~~92653634 B-4 01.~~13249954~~07682424 0.00000000 6.~~00000000~~84886384 0.00000000 ~~984~~969.~~19414674~~92653678 C 0.00000000 0.00000000 7959.~~42205398~~71888695 0.00000000 999.93848547 P 0.00000000 0.00000000 ~~502937~~61354.~~50000000~~90000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable. NOTE: All Classes are per $1,000 denomination.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1110,~~524~~610,~~902~~003.3624 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 99147,~~929~~281.6599 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties 506,~~293~~135.7549 Swap/Cap Payments 0.00 Total Deposits 1110,~~675~~763,~~125~~420.7672 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Total Administration Fees ~~115~~113,~~150~~346.3965 Payment of Interest and Principal 1110,~~559~~650,~~975~~074.3707 Total Withdrawals (Pool Distribution Amount) 1110,~~675~~763,~~125~~420.7672 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.

ADMINISTRATION FEES Gross Servicing Fee* ~~111~~109,~~364~~619.0158 Master Servicing Fee- Wells Fargo Bank, N.A. 3,~~786~~727.3807 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees ~~115~~113,~~150~~346.3965 *Servicer Payees include: AMERICAN HOME MTG CORP; CHEVY CHASE FSB; CITIMORTGAGE INC (MO); EMC MTG CORP; HARBOURSIDE MORTGAGE; ~~HOMEQ SERVICING CORPORATION;~~ NATIONAL CITY MTG CO; ~~WACHOVIA MORTGAGE CORPORATION; WATERFIELD MTG CORP;~~ WELLS FARGO BANK, N.A.

Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Net WAC Reserve Fund 5,000.00 114,~~451~~251.9353 114,~~451~~251.9353 5,000.00 Class P Certificate Account 100.00 0.00 0.00 100.00 Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) Class I-A Net WAC Reserve Account - BSFP* 0.00 0.00 0.00 Class II-A Net WAC Reserve Account - BSFP* 0.00 0.00 0.00 NOTE: *Class I-A and II-A Net WAC Reserve Account Counterparty is Bear Stearns Financial Products Inc.

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 7.~~299999~~295196% Weighted Average Net Coupon 7.~~049999~~045196% Weighted Average Pass-Through Rate 7.~~041499~~036696% Weighted Average Remaining Term ~~355~~354 Beginning Scheduled Collateral Loan Count 2,~~348~~320 Number Of Loans Paid In Full 2826 Ending Scheduled Collateral Loan Count 2,~~320~~294 Beginning Scheduled Collateral Balance ~~534~~526,~~547~~173,~~320~~995.9535 Ending Scheduled Collateral Balance ~~526~~518,~~173~~615,~~995~~928.3581 Ending Actual Collateral Balance at 3031-~~Apr~~May-2006 ~~526~~518,~~352~~769,~~657~~530.6941 Monthly P&I Constant 3,~~442~~390,~~084~~643.0647 Special Servicing Fee 0.00 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 506,~~293~~135.7549 Prepayment Penalty Paid Count 42 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~190~~191,~~255~~857.5492 Unscheduled Principal 87,~~182~~366,~~970~~208.0662

Group Level Collateral Statement Group Group I Group II Collateral Description Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 7.~~147183~~138268 7.~~500356~~498862 Weighted Average Net Rate 6.~~897183~~888268 7.~~250356~~248862 Pass-Through Rate 6.~~888683~~879768 7.~~241856~~240362 Weighted Average Remaining Term ~~354~~353 ~~356~~355 Record Date 0405/3031/2006 0405/3031/2006 Principal And Interest Constant 1,~~942~~905,~~802~~690.9646 1,~~499~~484,~~281~~953.1001 Beginning Loan Count 1,~~291~~275 1,~~057~~045 Loans Paid in Full 10 16 12 Ending Loan Count 1,~~275~~265 1,~~045~~029 Beginning Scheduled Balance ~~303~~297,~~251~~186,~~176~~379.4254 ~~231~~228,~~296~~987,~~044~~615.5381 Ending Scheduled Balance ~~297~~292,~~186~~899,~~379~~130.5496 ~~228~~225,~~987~~716,~~615~~797.8185 Scheduled Principal ~~136~~137,~~643~~860.2637 53,~~612~~997.2855 Unscheduled Principal 54,~~928~~149,~~153~~388.6221 23,~~254~~216,~~816~~820.4441 Scheduled Interest 1,~~806~~767,~~159~~830.7009 1,~~445~~430,~~668~~955.8246 Servicing Fees 6361,~~177~~913.3383 4847,~~186~~705.6875 Master Servicing Fees 2,~~148~~105.0307 1,~~638~~622.3500 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 1,~~740~~703,~~834~~811.3419 1,~~395~~381,~~843~~627.7971 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalty Waived Amount 0.00 0.00 Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount 506,~~293~~135.7549 0.00 Prepayment Penalty Paid Count 42 0 Special Servicing Fee 0.00 0.00

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 7.~~299999~~295196 Weighted Average Net Rate 7.~~049999~~045196 Pass-Through Rate 7.~~041499~~036696 Weighted Average Remaining Term ~~355~~354 Record Date 0405/3031/2006 Principal And Interest Constant 3,~~442~~390,~~084~~643.0647 Beginning Loan Count 2,~~348~~320 Loans Paid in Full 2826 Ending Loan Count 2,~~320~~294 Beginning Scheduled Balance ~~534~~526,~~547~~173,~~220~~995.9535 Ending Scheduled Balance ~~526~~518,~~173~~615,~~995~~928.3581 Scheduled Principal ~~190~~191,~~255~~857.5492 Unscheduled Principal 87,~~182~~366,~~970~~208.0662 Scheduled Interest 3,~~251~~198,~~828~~785.5255 Servicing Fees ~~111~~109,~~364~~619.0158 Master Servicing Fees 3,~~786~~727.3807 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,~~136~~085,~~678~~438.1390 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 506,~~293~~135.7549 Prepayment Penalty Paid Count 42 Special Servicing Fee 0.00

Additional Reporting - Deal Level Miscellaneous Reporting Rolling Three Month Delinquency Rate 0.~~000000~~012154% Excess Spread ~~381~~287,~~821~~320.0976 Overcollateralization Amount 4,~~811~~810,~~220~~924.9599 Overcollateralization Deficiency 0.00 Overcollateralization Release Amount ~~295~~0.9600 Overcollateralization Target Amount 4,810,924.99 Early Turbo Payment NO

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 01 0 0 01 0135,486.0096 0.00 0.00 0135,486.0096 30 Days 910 0 0 0 910 14,~~715~~410,~~802~~456.9830 0.00 0.00 0.00 14,~~715~~410,~~802~~456.9830 60 Days 01 0 0 0 01 071,200.00 0.00 0.00 0.00 071,200.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 911 01 0 0 912 14,~~715~~481,~~802~~656.9830 0135,486.0096 0.00 0.00 14,~~715~~617,~~802~~143.9826 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0.~~000000~~043592% 0.000000% 0.000000% 0.~~000000~~043592% 0.~~000000~~026117% 0.000000% 0.000000% 0.~~000000~~026117% 30 Days 0.~~387931~~435920% 0.000000% 0.000000% 0.000000% 0.~~387931~~435920% 0.~~325980~~850176% 0.000000% 0.000000% 0.000000% 0.~~325980~~850176% 60 Days 0.~~000000~~043592% 0.000000% 0.000000% 0.000000% 0.~~000000~~043592% 0.~~000000~~013725% 0.000000% 0.000000% 0.000000% 0.~~000000~~013725% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~387931~~479512% 0.~~000000~~043592% 0.000000% 0.000000% 0.~~387931~~523104% 0.~~325980~~863901% 0.~~000000~~026117% 0.000000% 0.000000% 0.~~325980~~890018%

Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 99147,~~929~~281.6599

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 01 0 0 01 0135,486.0096 0.00 0.00 0135,486.0096 30 Days 910 0 0 0 910 14,~~715~~410,~~802~~456.9830 0.00 0.00 0.00 14,~~715~~410,~~802~~456.9830 60 Days 01 0 0 0 01 071,200.00 0.00 0.00 0.00 071,200.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 911 01 0 0 912 14,~~715~~481,~~802~~656.9830 0135,486.0096 0.00 0.00 14,~~715~~617,~~802~~143.9826 0-29 Days 0.~~000000~~079051% 0.000000% 0.000000% 0.~~000000~~079051% 0.~~000000~~046239% 0.000000% 0.000000% 0.~~000000~~046239% 30 Days 0.~~705882~~790514% 0.000000% 0.000000% 0.000000% 0.~~705882~~790514% 01.~~577071~~505195% 0.000000% 0.000000% 0.000000% 01.~~577071~~505195% 60 Days 0.~~000000~~079051% 0.000000% 0.000000% 0.000000% 0.~~000000~~079051% 0.~~000000~~024299% 0.000000% 0.000000% 0.000000% 0.~~000000~~024299% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~705882~~869565% 0.~~000000~~079051% 0.000000% 0.000000% 0.~~705882~~948617% 01.~~577071~~529494% 0.~~000000~~046239% 0.000000% 0.000000% 01.~~577071~~575733% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Summary 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 01 ~~Jun~~Jul-05 0.000% Original Principal Balance 0136,000.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0135,486.0096 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 01 ~~Nov~~Dec-05 0.000% Original Principal Balance 0136,000.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0135,486.0096 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.~~000~~026% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 01 ~~Jun~~Jul-05 0.000% Original Principal Balance 0136,000.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0135,486.0096 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 01 ~~Nov~~Dec-05 0.000% Original Principal Balance 0136,000.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0135,486.0096 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.~~000~~046% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period Group Loan Month Loan First State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance NoGroup ~~Bankruptcy~~I ~~Loans~~0015398313 ~~this~~Jun-2006 ~~Period~~01-Jun-2005 KY 80.00 136,000.00

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Actual Date Delinquent Loan Rate Delinquent Balance Interest NoGroup ~~Bankruptcy~~I ~~Loans~~0015398313 ~~this~~135,486.96 ~~Period~~01-May-2006 0 6.250% 1,354.86

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs. 12mo Average* Loss Severity: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group I MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs. 12mo Average* Loss Severity: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group II MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs. 12mo Average* Loss Severity: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Scheduled Balance of Liquidated Loans)/ sum(Beg Scheduled Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR /(WAS * 0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR / 0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR / (0.6 - ((WAS - 60) * 0.0095)) else if WAS is greater than 120 then CDR / 0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Scheduled Balance of Liquidated Loans)

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Scheduled Principal Scheduled Group Count Balance Balance Count Balance Balance Group I 1610 54,~~482~~119,~~056~~100.00 54,~~476~~108,~~129~~951.0629 0 0.00 0.00 Group II 1216 23,~~227~~206,~~168~~071.00 23,~~227~~203,~~168~~799.0027 0 0.00 0.00 Total 2826 7,~~709~~325,~~224~~171.00 7,~~703~~312,~~297~~750.0656 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Scheduled Principal Scheduled Curtailment Group Count Balance Balance Count Balance Balance Amount Group I 0 0.00 0.00 0 0.00 0.00 ~~454~~42,~~070~~959.6361 Group II 0 0.00 0.00 0 0.00 0.00 2713,~~648~~825.4441 Total 0 0.00 0.00 0 0.00 0.00 ~~481~~56,~~719~~785.0702

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I ~~0015174214~~0015891991 TXMD 9067.0054 01-~~Jan~~Dec-2005 ~~103~~112,~~500~~800.00 ~~102~~112,~~063~~020.6273 Group I ~~0015624599~~0015897444 SCDE 9095.00 01-~~Oct~~Jul-2005 ~~176~~190,~~850~~000.00 ~~176~~187,~~850~~876.0031 Group I ~~0015936437~~0015931445 CAMD 8085.00 01-Feb-2006 ~~592~~636,~~072~~650.00 ~~590~~636,~~297~~650.~~83 Group I 0015947822 NC 78.75 01-Mar-2006 70,950.~~00 ~~70,809.83~~ Group I ~~0015982505~~0015988790 AZIL 80.00 01-Mar-2006 ~~164~~328,000.00 ~~164~~327,~~000~~133.0002 Group I ~~0015982744~~0016010339 VAGA 8029.0075 01-Mar-2006 ~~240~~1,950,000.00 ~~240~~1,~~000~~943,061.0006 Group I ~~0015987867~~0016013734 PATX 6590.00 01-Mar-2006 136,~~040,000~~900.00 136,~~037,040~~809.1563 Group I ~~0015998935~~0016018765 MDMI 7990.9800 01-Mar-2006 ~~636~~58,~~200~~500.00 ~~636~~58,~~200~~324.0040 Group I ~~0016001514~~0016051025 NJOH 7465.3300 01-~~Apr~~Oct-~~2006~~2005 ~~650~~185,~~000~~250.00 ~~649~~183,~~079~~553.5145 Group I ~~0016009290~~0016063128 CA 4762.9041 01-Apr-2006 ~~375~~465,000.00 ~~375~~465,000.00 Group I ~~0016013735~~0016072022 AZGA 80.00 01-Apr-2006 87156,~~200~~000.00 87156,~~200~~000.00 Group III ~~0016021806~~0016111000 CAFL 8064.0040 01-Apr-2006 ~~321~~241,~~592~~500.00 ~~321~~241,~~592~~500.00 Group III ~~0016022635~~0016111007 MDNV 80.00 01-Apr-2006 ~~287~~240,~~092~~300.00 ~~287~~240,~~092~~300.00 Group III ~~0016029697~~0016111024 VANC 8095.00 01-Apr-2006 5251,~~000~~775.00 51,~~926~~680.3725 Group III ~~0016046214~~0016111170 NJIL 8095.00 01-~~Mar~~Apr-2006 ~~364~~356,~~000~~250.00 ~~364~~356,~~000~~250.00 Group III ~~0016050938~~0016111505 NYWY 8061.~~00 01-Mar-2006 321,600.00 320,931.~~68 ~~Group II 0016111002 OH 80.00~~ 01-Apr-2006 ~~148~~66,000.00 ~~148~~66,000.00 Group II ~~0016111330~~0016111602 AZRI 80.00 01-Apr-2006 192,000.00 ~~192~~191,~~000~~569.0085 Group II ~~0016111404~~0016111701 SC 80.00 01-Apr-2006 ~~144~~72,~~000~~800.00 ~~144~~72,~~000~~648.0071 Group II ~~0016111442~~0016111707 NCNH 8061.0022 01-Apr-2006 ~~164~~90,~~800~~000.00 ~~164~~89,~~800~~990.0094 Group II ~~0016111540~~0016111734 AZCO 7678.1912 01-Apr-2006 ~~144~~100,000.00 ~~144~~100,000.00 Group II ~~0016111565~~0016111741 MIMO 80.00 01-Apr-2006 73168,~~600~~000.00 73167,~~600~~692.0052 Group II ~~0016111577~~0016111934 ILNJ 80.00 01-~~Apr~~Mar-2006 ~~232~~312,~~512~~000.00 ~~232~~311,~~512~~329.0093 Group II ~~0016111673~~0016112091 AZNY 9577.0041 01-Apr-2006 ~~202~~240,~~706~~000.00 ~~202~~239,~~706~~434.0094 Group II ~~0016111798~~0016112199 CAVA 7370.00 01-Apr-2006 ~~302~~168,~~950~~000.00 ~~302~~168,~~950~~000.00 Group II ~~0016111843~~0016112213 FLVA 8069.0098 01-Apr-2006 ~~111~~158,~~600~~450.00 ~~111~~158,~~600~~450.00 Group II ~~0016112505~~0016112394 MA 7080.00 01-Apr-2006 ~~395~~285,~~500~~600.00 ~~395~~285,~~500~~600.00 Group II ~~0016112701~~0016112689 IDFL 70.00 01-Apr-2006 ~~115~~463,~~500~~396.00 ~~115~~462,~~500~~547.0086

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I ~~0015174214~~0015891991 Loan Paid in Full 0 76.~~875~~125% 360 166 Group I ~~0015624599~~0015897444 Loan Paid in Full 0 6.~~750~~500% 360 711 Group I ~~0015936437~~0015931445 Loan Paid in Full 0(1) 7.~~500~~375% 360 34 Group I ~~0015947822~~0015988790 Loan Paid in Full 0 8.125% 360 23 Group I ~~0015982505~~0016010339 Loan Paid in Full 0 76.~~375~~625% 360 23 Group I ~~0015982744~~0016013734 Loan Paid in Full 0 78.500% 360 23 Group I ~~0015987867~~0016018765 Loan Paid in Full 0 7.~~750~~500% 360 23 Group I ~~0015998935~~0016051025 Loan Paid in Full 0 75.~~625~~990% 360 28 Group I ~~0016001514~~0016063128 Loan Paid in Full 0 7.~~750~~250% 360 12 Group I ~~0016009290~~0016072022 Loan Paid in Full 0 7.~~250~~500% 360 12 Group III ~~0016013735~~0016111000 Loan Paid in Full 0 67.875% 360 12 Group III ~~0016021806~~0016111007 Loan Paid in Full 0 87.500% 360 12 Group III ~~0016022635~~0016111024 Loan Paid in Full 0 78.~~750~~500% 360 12 Group III ~~0016029697~~0016111170 Loan Paid in Full 0 78.~~750~~000% 360 ~~1 Group I 0016046214 Loan Paid in Full 0 7.750% 360~~ 2 Group III ~~0016050938~~0016111505 Loan Paid in Full 0 7.~~875~~625% 360 2 Group II ~~0016111002~~0016111602 Loan Paid in Full 0 7.~~625~~500% 360 12 Group II ~~0016111330~~0016111701 Loan Paid in Full 0 7.~~750~~875% 360 12 Group II ~~0016111404~~0016111707 Loan Paid in Full 0 8.~~000~~500% 360 12 Group II ~~0016111442~~0016111734 Loan Paid in Full 0 8.500% 360 12 Group II ~~0016111540~~0016111741 Loan Paid in Full 0 78.~~125~~500% 360 12 Group II ~~0016111565~~0016111934 Loan Paid in Full 0 7.875% 360 13 Group II ~~0016111577~~0016112091 Loan Paid in Full 0 87.~~125~~250% 360 12 Group II ~~0016111673~~0016112199 Loan Paid in Full 0 6.~~625~~500% 360 12 Group II ~~0016111798~~0016112213 Loan Paid in Full 0 76.~~375~~750% 360 12 Group II ~~0016111843~~0016112394 Loan Paid in Full 0 8.~~500~~250% 360 12 Group II ~~0016112505~~0016112689 Loan Paid in Full 0 78.~~875% 360 1 Group II 0016112701 Loan Paid in Full 0 6.~~500% 360 12

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 1.~~531~~400% Current Month 1615.~~905~~570% Current Month 42,~~414~~672.~~611~~101% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 16.905% N/A May-2006 4,414.611% N/A Jun-2006 15.570% N/A Jun-2006 2,672.101% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group I SMM CPR PSA Current Month 1.~~956~~397% Current Month 2115.~~102~~533% Current Month 42,~~363~~274.~~201~~684% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 21.102% N/A May-2006 4,363.201% N/A Jun-2006 15.533% N/A Jun-2006 2,274.684% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group II SMM CPR PSA Current Month 01.~~975~~405% Current Month 1115.~~093~~618% Current Month 43,~~398~~450.~~044~~012% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 11.093% N/A May-2006 4,398.044% N/A Jun-2006 15.618% N/A Jun-2006 3,450.012% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Interest Rate Stratification Summary Group I Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 4.750 0 0.00 0.000 0 0.00 0.000 4.750 4.999 0 0.00 0.000 0 0.00 0.000 5.000 5.249 5 ~~730~~728,~~361~~602.6437 0.~~139~~140 5 ~~730~~728,~~361~~602.6437 0.~~246~~249 5.250 5.499 1 108,~~568~~440.1917 0.021 1 108,~~568~~440.1917 0.037 5.500 5.749 17 3,~~138~~135,~~857~~378.0387 0.~~597~~605 16 2,~~968~~964,~~276~~991.5984 01.~~999~~012 5.750 5.999 3130 7,~~798~~603,~~836~~319.3543 1.~~482~~466 2322 5,~~214~~020,~~673~~982.0872 1.~~755~~714 6.000 6.249 5049 12,~~996~~870,~~822~~121.6786 2.~~470~~482 3534 7,~~898~~778,~~486~~513.0974 2.~~658~~656 6.250 6.499 97 26,~~663~~645,~~231~~611.4960 5.~~067~~138 68 18,~~147~~134,~~087~~598.5108 6.~~106~~191 6.500 6.749 ~~178~~175 4543,~~639~~277,~~210~~808.0059 8.~~674~~345 ~~107~~105 2927,~~630~~442,~~605~~051.4862 9.~~970~~369 6.750 6.999 ~~339~~338 9089,~~168~~966,~~262~~910.8185 17.~~137~~348 199 59,~~107~~071,~~807~~288.9352 1920.~~889~~168 7.000 7.249 225 53,~~198~~172,~~112~~462.5975 10.~~110~~253 150 37,~~493~~471,~~592~~913.4083 12.~~616~~793 7.250 7.499 ~~277~~274 6361,~~214~~863,~~397~~228.2841 1211.~~014~~929 ~~172~~170 4039,~~751~~631,~~969~~357.6718 13.~~713~~531 7.500 7.749 ~~332~~327 7372,~~497~~761,~~188~~426.1691 1314.~~968~~030 ~~193~~191 42,~~965~~735,~~929~~184.4858 14.~~458~~590 7.750 7.999 ~~283~~280 5655,~~589~~931,~~999~~226.8183 10.~~755~~785 138 26,~~547~~538,~~127~~691.9743 89.~~933~~061 8.000 8.249 ~~181~~179 3534,~~101~~408,~~161~~308.7892 6.~~671~~635 5453 87,~~125~~794,~~316~~672.1782 2.~~734~~661 8.250 8.499 9594 1716,~~266~~976,~~653~~490.9983 3.~~282~~273 37 5,~~687~~684,~~031~~789.6219 1.~~914~~941 8.500 8.749 ~~131~~125 27,~~932~~015,~~569~~486.1650 5.~~309~~209 5049 7,~~960~~921,~~977~~535.4916 2.~~679~~705 8.750 8.999 53 7,~~068~~067,~~327~~126.6618 1.~~343~~363 17 1,~~819~~818,~~154~~273.8284 0.~~612~~621 9.000 9.249 4 738,~~711~~307.0032 0.~~140~~142 2 180,~~907~~805.5961 0.~~061~~062 9.250 9.499 5 272,~~525~~455.5406 0.~~052~~053 3 96,~~998~~946.2936 0.033 9.500 9.749 10 2,~~368~~392,~~657~~331.0633 0.~~450~~461 4 1,~~646~~670,~~605~~640.9107 0.~~554~~570 9.750 9.999 6 1,~~681~~680,~~541~~884.1403 0.~~320~~324 1 104,~~901~~851.6283 0.~~035~~036 10.000 10.249 0 0.00 0.000 0 0.00 0.000 10.250 10.499 0 0.00 0.000 0 0.00 0.000 >= 10.500 0 0.00 0.000 0 0.00 0.000 Total 2,~~320~~294 ~~526~~518,~~173~~615,~~995~~928.3581 100.000 1,~~275~~265 ~~297~~292,~~186~~899,~~379~~130.5496 100.000

Interest Rate Stratification (continued) Group II Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 4.750 0 0.00 0.000 4.750 4.999 0 0.00 0.000 5.000 5.249 0 0.00 0.000 5.250 5.499 0 0.00 0.000 5.500 5.749 1 170,~~580~~387.4403 0.~~074~~075 5.750 5.999 8 2,~~584~~582,~~163~~336.2771 1.~~129~~144 6.000 6.249 15 5,~~098~~091,~~336~~608.5812 2.~~226~~256 6.250 6.499 29 8,~~516~~511,~~143~~013.9852 3.~~719~~771 6.500 6.749 7170 1615,~~008~~835,~~604~~756.5297 67.~~991~~016 6.750 6.999 ~~140~~139 3130,~~060~~895,~~454~~622.8833 13.~~564~~688 7.000 7.249 75 15,~~704~~700,~~520~~548.1992 6.~~858~~956 7.250 7.499 ~~105~~104 22,~~462~~231,~~427~~871.6123 9.~~809~~849 7.500 7.749 ~~139~~136 30,~~531~~026,~~258~~242.6833 13.~~333~~303 7.750 7.999 ~~145~~142 3029,~~042~~392,~~871~~535.8440 13.~~120~~022 8.000 8.249 ~~127~~126 26,~~975~~613,~~845~~636.6110 11.~~780~~791 8.250 8.499 5857 11,~~579~~291,~~622~~701.3764 5.~~057~~003 8.500 8.749 8176 19,~~971~~093,~~591~~951.6734 8.~~722~~459 8.750 8.999 36 5,~~249~~248,~~172~~852.8434 2.~~292~~325 9.000 9.249 2 557,~~803~~501.4171 0.~~244~~247 9.250 9.499 2 175,~~527~~508.2570 0.~~077~~078 9.500 9.749 6 ~~722~~721,~~051~~691.1526 0.~~315~~320 9.750 9.999 5 1,576,~~639~~032.5220 0.~~689~~698 10.000 10.249 0 0.00 0.000 10.250 10.499 0 0.00 0.000 >= 10.500 0 0.00 0.000 Total 1,~~045~~029 ~~228~~225,~~987~~716,~~615~~797.8185 100.000

Supplemental Reporting Closing Date April 28, 2006. Distribution Date The 25th day of each calendar month after the initial issuance of the Certificates, or if such 25th day is not a Business Day, the next succeeding Business Day, commencing in May 2006. Record Date With respect to any Distribution Date and the Class I-A-1, Class I-A-2, Class II-A-1, Class II-A-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates, so long as such Certificates are Book-Entry Certificates, the Business Day preceding such istribution Date, and otherwise, the close of business on the last Business Day of the month preceding the month in which such Distribution Date occurs. With respect to the Class B-4, Class C, Class P and Class R Certificates and any Distribution Date, the close of business on the last Business Day of the month preceding the month in which such Distribution Date occurs. Remittance Date Shall mean (i) with respect to the Company, the Business Day immediately preceding the Distribution Account Deposit Date and (ii) with respect to the related Servicer, the date specified in the related Servicing Agreement. One-Month LIBOR With respect to any Interest Accrual Period and the LIBOR Certificates, the rate determined by the Securities Administrator on the related Interest Determination Date on the basis of the rate for U.S. dollar deposits for one month that appears on Telerate Screen Page 3750 as of 11:00 a.m. (London time) on such Interest Determination Date. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying One-Month LIBOR or comparable rates as may be reasonably selected by the Securities Administrator), One-Month LIBOR for the applicable Interest Accrual Period will be the Reference Bank Rate. If no such quotations can be obtained by the Securities Administrator and no Reference Bank Rate is available, One-Month LIBOR shall be One-Month LIBOR applicable to the preceding Interest Accrual Period. The establishment of One-Month LIBOR on each Interest Determination Date by the Securities Administrator and the Securities ~~Administrator's~~Administrators calculation of the rate of interest applicable to the LIBOR Certificates for the related Interest Accrual Period shall, in the absence of manifest error, be final and binding. One-Month LIBOR for the Class I-A-1 Certificates and Class I-A-2 Certificates and the first Interest Accrual Period will be approximately 4.88% per annum and 4.92% with regard to the Class II-A-1 Certificates and Class II-A-2 Certificates. One-Month LIBOR for the other LIBOR Certificates and any Interest Accrual Period shall be calculated as described above. LIBOR Business Day Shall mean a day on which banks are open for dealing in foreign currency and exchange in London and New York City. Interest Determination Date Shall mean the second LIBOR Business Day preceding the commencement of each Interest Accrual Period. Interest Accrual Period: With respect to the Class A, Class B and Class M Certificates and any Distribution Date, the period from and including the 25th day of the calendar month preceding the calendar month in which the Distribution Date occurs (or, with respect to the first Interest Accrual Period for the Class M Certificates and Class B Certificates, the Closing Date), to and including the 24th day of the calendar month in which such Distribution Date occurs. All calculations of interest on the Class A Certificates and Class C Certificates will be made on the basis of a 360-day year consisting of twelve 30-day months. All calculations of interest on the Class M Certificates and Class B Certificates will be made on the basis of the actual number of days elapsed in the related Interest Accrual Period. Determination Date With respect to any Distribution Date, the 15th day of the month of such Distribution Date or, if such 15th day is not a Business Day, the immediately preceding Business Day.

Filing Compare · Bear Stearns Asset Backed Securities I Trust 2006-AC3