10-D 1 lmt06007_10d-200611.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: October 01, 2006 to November 01, 2006 Commission File Number of issuing entity: 333-133985-20 Lehman Mortgage Trust 2006-7 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-133985 Structured Asset Securities Corporation (Exact name of depositor as specified in its charter) Lehman Brothers Holdings, Inc. (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) Not Applicable (I.R.S. Employer Identification No.) 745 Seventh Avenue, 7th Floor New York, NY 10019 (Address of principal executive offices of the issuing entity) (Zip Code) (212) 526-7000 (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)) 1-A1 _____ _____ __X___ ____________ 1-A2 _____ _____ __X___ ____________ 1-A3 _____ _____ __X___ ____________ 1-A4 _____ _____ __X___ ____________ 1-A5 _____ _____ __X___ ____________ 1-A6 _____ _____ __X___ ____________ 1-A7 _____ _____ __X___ ____________ 1-A8 _____ _____ __X___ ____________ 1-A9 _____ _____ __X___ ____________ 1-A10 _____ _____ __X___ ____________ 2-A1 _____ _____ __X___ ____________ 2-A2 _____ _____ __X___ ____________ 2-A3 _____ _____ __X___ ____________ 2-A4 _____ _____ __X___ ____________ 2-A5 _____ _____ __X___ ____________ 2-A6 _____ _____ __X___ ____________ 2-A7 _____ _____ __X___ ____________ 2-A8 _____ _____ __X___ ____________ 2-A9 _____ _____ __X___ ____________ 2-A10 _____ _____ __X___ ____________ 2-A11 _____ _____ __X___ ____________ 3-A1 _____ _____ __X___ ____________ 3-A2 _____ _____ __X___ ____________ 3-A3 _____ _____ __X___ ____________ 3-A4 _____ _____ __X___ ____________ 3-A5 _____ _____ __X___ ____________ 3-A6 _____ _____ __X___ ____________ 3-A7 _____ _____ __X___ ____________ 4-A1 _____ _____ __X___ ____________ 4-A2 _____ _____ __X___ ____________ 5-A1 _____ _____ __X___ ____________ 5-A2 _____ _____ __X___ ____________ 5-A3 _____ _____ __X___ ____________ 5-A4 _____ _____ __X___ ____________ 5-A5 _____ _____ __X___ ____________ 5-A6 _____ _____ __X___ ____________ 5-A7 _____ _____ __X___ ____________ 5-A8 _____ _____ __X___ ____________ AP _____ _____ __X___ ____________ AX _____ _____ __X___ ____________ M _____ _____ __X___ ____________ B1 _____ _____ __X___ ____________ B2 _____ _____ __X___ ____________ B3 _____ _____ __X___ ____________ B4 _____ _____ __X___ ____________ B5 _____ _____ __X___ ____________ R _____ _____ __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 November 27, 2006 a distribution was made to holders of Lehman Mortgage Trust 2006-7. 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 3. Sales of Securities & Use of Proceeds. On October 30, 2006, the following classes of securities in the following amounts were sold by the registrant in private placements in reliance on Section 4(2) of the Securities Act of 1933 (the "Securities Act") to certain qualified institutional buyers (as defined in Rule 144A of the Securities Act) or to certain accredited investors (as defined in the Securities Act: Class Initial Principal Balance Class B6 $2,640,000 Class B7 $3,017,000 Class B8 $2,640,725 Class X N/A - Economic Residual Excess Cash Flow Class LT-R N/A - Non-Economic Tax Residual The net proceeds from the sale of these certificates were applied by the registrant to the purchase of the mortgages loans constituting the pool assets. 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 Lehman Mortgage Trust 2006-7, relating to the November 27, 2006 distribution. (b) The exhibits required to be filed by Registrant pursuant to this Form 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. Lehman Mortgage Trust 2006-7 (Issuing Entity) Aurora Loan Services LLC (Master Servicer) /s/ Michele Olds Michele Olds, Vice President Servicer Oversight Date: December 06, 2006 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of Lehman Mortgage Trust 2006-7, relating to the November 27, 2006 distribution. EX-99.1 Lehman Mortgage Trust Mortgage-Backed Pass-Through Certificate Distribution Date: 11/27/2006 Lehman Mortgage Trust Mortgage-Backed Pass-Through Certificate Series 2006-7 Contact: Customer Service - SecuritiesLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 846-8130 Fax: (301) 815-6660

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Prepayment - Voluntary Prepayments

Lehman Mortgage Trust 2006-7 10-D