UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the ~~Securities Exchange Act of 1934~~

~~Date~~Securities ofExchange ~~Report -~~Act ~~June~~of ~~28, 2006~~1934

~~(Date~~October ~~of Earliest~~1, ~~Event Reported)~~2006

~~POPULAR~~Date of Report ~~ABS, INC.~~ (~~Exact~~Date ~~Name~~ of ~~Registrant~~earliest asevent ~~specified in its charter~~reported)

Delaware		333-129704-01		52-2029487
(State of Incorporation)		(Commission File No.)		(IRS Employer I.D. No.)

POPULAR ABS, INC.

~~103~~(Exact name ~~Springer~~of ~~Building,~~registrant ~~3411~~as ~~Silverside~~specified ~~Road,~~in ~~Wilmington,~~its ~~Delaware 19803 (Address of principal executive offices~~charter)

Registrant’s telephone number, including area code: (302) 478-6160

Delaware		333-129704-01		52-2029487
(State or Other Jurisdiction of Incorporation		(Commission File Number)		(I.R.S. Employer Identification Number)

~~Item~~103 ~~8.01~~Springer ~~Other~~Building, ~~Events.~~3411 Silverside Road, Wilmington, Delaware 19803

In(Address ~~connection with the issuance~~ of ~~the~~Principal ~~Mortgage~~Executive ~~Pass-Through Certificates, Series~~Offices) (Zip Code)

~~2006-C,~~Registrant's ontelephone ~~June 28~~number, 2006, (i) Popular ABS, Inc., a Delaware corporation (“ABS”) entered into a Pooling and Servicing Agreement dated as of June 1, 2006 (the “Pooling and Servicing Agreement”), by and among ABS, as depositor, Equity One, Inc., a Delaware corporation (“Equity One (DE)”), as seller and servicer, Equity One, Incorporated, a Pennsylvania corporation, as seller, Popular Financial Services, LLC, a Delaware limited liability company, as seller, Equity One, Inc., a Minnesota corporation, as seller, and JPMorgan Chase Bank, N.A., not in its individual capacity, but solely as trustee for the benefit of the certificateholders of the Popular ABS, Inc. Mortgage Pass-Through Certificates, Series 2006-C (“Trustee”); (ii) ABS and Equity One (DE) entered into an Underwriting Agreement dated as of June 16, 2006 (the “Underwriting Agreement”); (iii) Popular Mortgage Servicing, Inc., was appointed as a subservicer under the Pooling and Servicing Agreement by Equity One (DE), as servicer, pursuant to that certain Subservicing Agreement dated as of May 31, 2006, as amended (the “Subservicing Agreement”); and (iv) JPMorgan Chase Bank, N.A., not in its individual capacity, but solely as trustee of the External Trust relating to the Popular ABS, Inc. Mortgage Pass-Through Certificates, Series 2006-C, entered into an ISDA Master Agreement (including ~~the~~ ~~schedule,~~area ~~credit~~code: ~~support annex and confirmation related thereto) dated as of June 28, 2006~~ (~~the “Swap Agreement”~~302) with Deutsche Bank AG. The Pooling and Servicing Agreement, the Underwriting Agreement, the Subservicing Agreement and the Swap Agreement are annexed hereto as Exhibit 99.1, Exhibit 99.2, Exhibit 99.3 and Exhibit 99.4, respectively. 478-6160

~~Item~~Check ~~9.01~~the appropriate ~~Financial~~box ~~Statements~~below ~~and~~if ~~Exhibits~~the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

~~(a)~~o Written ~~Not~~communications pursuant to Rule 425 under the Securities Act (17 CFR ~~applicable~~230.425)

o Soliciting material pursuant to Rule 14a-12(b) ~~Not applicable~~under the Exchange Act (17 CFR 240.14a-12(b))

~~(c)~~o Pre-commencement ~~Not~~communications pursuant to Rule ~~applicable~~14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~(d)~~o Pre-commencement ~~Exhibits:~~communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

99Section 6.1 Asset Backed ~~Pooling~~Securities ~~and Servicing Agreement dated as of June 1, 2006.~~

99Item 6.~~2 Underwriting Agreement dated as~~ 02. Change of Servicer ~~June~~or ~~16, 2006.~~Trustee

99On October 1, 2006, the sale by JPMorgan Chase Bank, N.3A. ~~Subservicing~~of ~~Agreement~~select ~~dated~~portions asof its corporate trust business, including municipal and corporate and structured finance trusteeships, to The Bank of ~~May~~New 31York was closed. As a result of this sale, ~~2006~~on October 1, as2006 ~~amended~~The Bank of New York became the successor Trustee pursuant to the terms and conditions set forth in the transaction documents identified in the Prospectus Supplement filed by the Registrant.

~~99.4~~The Bank of ~~Swap~~New ~~Agreement~~York ~~dated~~is a New York banking corporation and will act as the Trustee under the transaction documents. The Bank of ~~June~~New 28York has been, ~~2006~~and currently is, acting as indenture trustee and trustee for numerous transactions and programs involving pools of residential mortgages.

The Prospectus Supplement sets forth the information required by Asset Backed Securities (Regulation AB), 17 C.F.R.¶¶ 229.1109 (c) - (f).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~registrant~~Registrant ~~duly~~has duly caused this report to be signed on its behalf by the undersigned hereunto ~~duly~~ duly authorized.

POPULAR ABS, INC.

By: /s/ Darren Nelson

Darren Nelson

Senior Vice President

Dated: ~~June~~October 282, 2006

Exhibit Index

Exhibit	Document
99.1	Pooling and Servicing Agreement dated as of June 1, 2006.
99.2	Underwriting Agreement dated as of June 16, 2006.
99.3	Subservicing Agreement dated as of May 31, 2006, as amended.
99.4	Swap Agreement dated as of June 28, 2006.

Filing Compare · Popular ABS Mortgage Pass-Through Trust 2006-C