10-D 1 final_2006-ar1.txt 1 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 March 1, 2006 to March 31, 2006 Commission File Number of issuing entity: 333-127834-10 -------------------- CITIGROUP MORTGAGE LOAN TRUST 2006-AR1 ------------------------------------------------------------------------ (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-127834 ---------------------- CITIGROUP MORTGAGE LOAN TRUST, INC. ------------------------------------------------------------------------- (Exact name of depositor as specified in its charter) CSE MORTGAGE LLC ------------------------------------------------------------------------- (Exact name of sponsor as specified in its charter) Delaware ----------------------------------------------------------------------------- (State or other jurisdiction of incorporation or organzation of the issuing entity) 11-2418191 ---------------------------------------------------------------------------- (I.R.S. Employer Identification No.) 390 Greenwich Street, New York, NY 10013 ---------------------------------------- ---------- (Address of principal executive offices of the issuing entity) (Zip Code) (212) 816-6000 ------------------------------------------------------------------------- (Telephone number, including area code) -------------------------------------------------------------------------- (Former name, former address, if changed since last report.) Registered/reporting pursuant to (check one) Title Name of exchange of Class Section 12(b) Section 12(g) Section 15(d) (if Section 12(b)) Class I-A1 { } { } {X} _____________ Class I-A2 { } { } {X} _____________ Class II-A1 { } { } {X} _____________ Class II-A2 { } { } {X} _____________ Class III-A1 { } { } {X} _____________ Class III-A2 { } { } {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{ } 1 2 PART I Item 1. Distribution and Pool Performance Information See Exhibit 99.1 referred to in PART II, Item 9, Exhibits. PART II Item 3. Sale of Securities and Use of Proceeds. Simultaneously with the issuance of the Offered Certificates, the Depositor sold $1,713,000.00 initial principal amount of Class I-M, $10,966,000.00 initial principal amount of Class I-B1, $5,140,000.00 initial principal amount of Class I-B2, $3,427,000.00 initial principal amount of Cl ass I-B3, $2,741,000.00 initial principal amount of Class I-B4, $2,056,000.00 initial principal amount of Class I-B5, $1,371,262.22 initial principal amount of Class I-B6, $693,000.00 initial principal amount of Class II-M, $2,512,000.00 initial principal amount of Class II-B1, $1,559,000.00 initial principal amount of Class II-B2, $953,000.00 initial principal amount of Class II-B3, $520,000.00 initial principal amount of Class II-B4, $346,000.00 initial principal amount of Class II-B5, $346,851.74 initial principal amount of Class II-B6, $11,703,000.00 initial principal amount of Class III-B1, $7,356,000.00 initial principal amount of Class III-B2, $4,681,000.00 initial principal amount of Class III-B3, $2,675,000.00 initial principal amount of Class III-B4, $2,675,000.00 initial principal amount of Class III-B5, $2,005,502,31 initial principal amount of Class III-B6, notional principal amount of Class I-X, notional principal amount of Class II-X, notional principal amount of Class III-X, and the Owner Trust Certificates (the "Private Certificates") to Citigroup Global Markets, Inc. on February 27, 2006, in a transaction exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(2) thereof. The net proceeds of the sale were applied to the purchase of the mortgage loans from CS OT I LLC, a Delaware limited liability company and affiliate of the sponsor. Item 9. Exhibits (a) Attached as Exhibit 99.1 is the monthly distribution report for the month of March 2006. 2 3 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. CITIGROUP MORTGAGE LOAN TRUST 2006-AR1 (Issuing Entity) CitiMortgage, Inc. Master Servicer By: /s/ Tommy Harris ---------------------------- Tommy Harris Senior Vice President Dated: April 26, 2006 3 4 EXHIBIT 99.1 ------------ Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Mortgage-Backed Notes Series Name: CMLTI 2006-AR1 Payment Date: 04/25/2006 Issuer: Citigroup Mortgage Loan Trust Inc. Record Date: 31-Mar-06 Determination Date: See Foot Note Distribution Date: 25-Apr-06 Distribution #: 2 Trustee U.S. Bank National Association Clare M. O'Brien (617) 603-6402 Bond Administrator CitiMortgage, Inc. Valentina Polonskaya (636) 261-1342 Paying Agent: Citibank N.A. Jennifer McCourt (212) 816-5680

6 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificate Holders Mortgage-Backed Notes Series Name: CMLTI 2006-AR1 Payment Date: 04/25/2006

P Class Interest Paid, represents Prepayment Charges collected by the Master Servicer or any Sub-Servicer in connection with the Principal Prepayment of any of the Mortgage loans or servicer Prepayment Charge Payment Amount. 7 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Mortgage-Backed Notes Series Name: CMLTI 2006-AR1 Payment Date: 04/25/2006

8 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Series Name: CMLTI 2006-AR1 Mortgage-Backed Notes Payment Date: 04/25/2006

9 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Mortgage-Backed Notes Series Name:2006-AR1 Pmt Date: 04/25/2006 Advances: Aggregate Amount of P&I Advances for such Distribution Date: $5,681,892.38 Summary of Disbursements Withdrawal/ Remittances Residual (Deposit) P&I Distributed 20,871,662.55 $0.00 $0.00 $20,871,662.55 Mortgage loans repurchased pursuant to Mortgage Loan Purchase Agreement: # of Aggregate Sched loans Prin Balance For the related payment date 0 $0.00 Cumulatively since the closing date 0 $0.00 Mortgage loans purchased out of the Trust pursuant to the Basic Documents: Sched Prin Balance For the related payment date $0.00 Cumulatively since the closing date $0.00 The Amount of any distribution to the Owner Trust Certifica $0.00 Loan level information (including data on REO, loans in foreclosure and realized losses) is available on the Citimortgagembs.com website in the payment and summary section of the CMLTI shelf 10 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Mortgage-Backed Notes Series Name: CMLTI 2006-AR1 Payment Date: 04/25/2006 2006-R1 1 COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 5.24% 5.24% WAM 348 347 347 AVG LTV 72 71 71 AVG LOAN SIZE $542,216 $541,902 $541,994 # OF LOANS 1,264 1,253 1,237 ACTUAL BALANCE $685,490,004.20 $679,136,094.64 $670,568,197.48 SCHEDULED BALANCE $685,361,262.20 $679,003,729.72 $670,447,156.49 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 80.27% Single Family 80.17% Condo 17.72% Condo 17.89% 2-4 Family 1.90% 2-4 Family 1.83% PUD 0.11% PUD 0.11% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 87% CA 87% 65% AND BELOW 24% 24% NV 2% NV 2% 65.01-75% 23% 23% AZ 2% AZ 2% 75.01-80% 52% 52% WA 1% WA 1% OVER 80% 1% 1% CO 1% CO 1% OTHER 7% OTHER 7% CREDIT ENHANCEMENT: AT ISSUE CURRENT SUBORDINATION 4.00% $27,414,262.22 4.09% $27,401,979.19 PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $151,976.25 PRINCIPAL PREPAYMENTS: $8,404,596.98 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 232% 0% 0% 203% PREPAYMENT HISTORY(CPR): 13.91% 0.00% 0.00% 12.15% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R1 2 COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 5.12% 5.12% WAM 356 355 354 AVG LTV 74 74 74 AVG LOAN SIZE $422,548 $422,449 $422,206 # OF LOANS 410 410 409 ACTUAL BALANCE $173,244,851.70 $173,228,478.89 $172,706,014.41 SCHEDULED BALANCE $173,244,851.70 $173,203,929.11 $172,682,102.97 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 80.03% Single Family 79.97% Condo 19.41% Condo 19.47% PUD 0.45% PUD 0.45% 2-4 Family 0.11% 2-4 Family 0.11% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 27% CA 27% 65% AND BELOW 18% 18% FL 10% FL 10% 65.01-75% 16% 16% VA 7% VA 7% 75.01-80% 63% 63% WA 5% WA 5% OVER 80% 3% 3% MD 4% MD 4% OTHER 47% OTHER 47% CREDIT ENHANCEMENT: AT ISSUE CURRENT SUBORDINATION 4.00% $6,929,851.74 4.01% $6,927,320.17 PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $31,717.85 PRINCIPAL PREPAYMENTS: $490,108.29 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 56% 0% 0% 29% PREPAYMENT HISTORY(CPR): 3.36% 0.00% 0.00% 1.74% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R1 3 COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 5.95% 5.95% WAM 359 358 357 AVG LTV 74 74 74 AVG LOAN SIZE $378,447 $376,970 $376,203 # OF LOANS 1,767 1,762 1,752 ACTUAL BALANCE $668,716,502.30 $664,267,530.89 $659,144,978.50 SCHEDULED BALANCE $668,716,502.30 $664,221,821.37 $659,107,191.90 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 76.83% Single Family 76.67% Condo 20.44% Condo 20.56% 2-4 Family 1.68% 2-4 Family 1.70% PUD 0.97% PUD 0.99% Other 0.08% Other 0.08% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 37% CA 37% 65% AND BELOW 18% 18% FL 13% FL 13% 65.01-75% 20% 20% VA 7% VA 7% 75.01-80% 59% 59% AZ 5% AZ 5% OVER 80% 3% 3% MD 5% MD 5% OTHER 33% OTHER 33% CREDIT ENHANCEMENT: AT ISSUE CURRENT SUBORDINATION 4.65% $31,095,502.31 4.72% $31,090,346.86 PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $55,012.82 PRINCIPAL PREPAYMENTS: $5,059,616.65 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 146% 0% 0% 137% PREPAYMENT HISTORY(CPR): 8.77% 0.00% 0.00% 8.23% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 11 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Mortgage-Backed Notes Series Name: CMLTI 2006-AR1 Payment Date: 04/25/2006

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Citigroup Mortgage Loan Trust 2006-AR1 10-D