UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

~~SECURITIES~~ FORM ~~AND~~8-K ~~EXCHANGE COMMISSION~~

~~Washington,~~ CURRENT ~~D.C.~~REPORT ~~20549~~ Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~Form~~ Date ~~8-K~~of Report (Date of earliest event reported) March 22, 2007

~~CURRENT~~ Commission ~~REPORT~~File Number of issuing entity: 333-134691-08

~~Pursuant~~ INDYMAC toHOME ~~Section~~EQUITY 13MORTGAGE orLOAN 15 ASSET-BACKED TRUST, SERIES 2007-H1 (d)Exact name of ~~the~~issuing entity)

~~Securities~~ Commission ~~Exchange~~File ~~Act~~Number of ~~1934~~depositor: 333-134691

~~Date~~ INDYMAC ofABS, ~~Report~~INC. (~~Date~~Exact name of ~~earliest~~depositor ~~event~~as ~~reported):~~specified ~~June~~in ~~17,~~its ~~2005~~charter)

~~IndyMac~~ INDYMAC ~~ABS~~BANK, ~~Inc~~F.S.B. (Exact name of sponsor as specified in its charter)

(as depositor under the Pooling and Servicing Agreement,

DELAWARE		95-4685267
(State or other jurisdiction of incorporation)		(I.R.S. Employer Identification No.)

c/o 155 North Lake Avenue
Pasadena, California
(Address of principal executive offices)		91101
		(Zip Code)

~~dated~~ (800) as669-2300 (Registrant’s oftelephone ~~June 1~~number, ~~2005,~~including ~~providing~~area ~~for~~code) ~~the issuance of~~

~~Home~~ N/A (Former ~~Equity~~name, ~~Asset-Backed~~former ~~Certificates~~address, ~~Series~~if ~~INABS~~changed ~~2005-B~~since last report)

~~IndyMac~~ Exhibit ~~ABS,~~Index ~~Inc.~~located on Page 5

~~(Exact~~ Check ~~name~~the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant asunder ~~specified~~any inof ~~its~~the ~~charter)~~following provisions:

Delaware	333-120706	95-4685267
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
155 North Pasadena Lake Avenue Pasadena, CA		91101
(Address of Principal Executive Offices)		(Zip Code)

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~Registrant’s~~[ ] ~~telephone~~Soliciting ~~number,~~material ~~including~~pursuant ~~area~~to ~~code:~~Rule ~~626~~14a-~~535~~12(b) under the Exchange Act (17 CFR 240.14a -~~5555~~12(b))

~~Check~~[ ] ~~the appropriate box below if the Form 8~~Pre-Kcommencement ~~filing~~communications pursuant ~~is intended~~ to ~~simultaneously~~Rule ~~satisfy~~14d-2(b) ~~the filing obligation of the registrant~~ under ~~any of~~ the ~~following~~Exchange ~~provisions~~Act (~~see~~17 ~~General~~CFR ~~Instruction A~~240.2.14d ~~below~~-2(b):)

o[ ] ~~Written~~Pre-commencement communications pursuant to Rule ~~425~~13e-4(c) under the ~~Securities~~Exchange Act (17 CFR ~~230~~240.~~425~~13e -4(c))

o Information ~~Soliciting material pursuant~~ to ~~Rule~~be ~~14a-12(b)~~Included ~~under~~in the ~~Exchange~~Report ~~Act (17 CFR 240.14a-12(b))~~

oITEM ~~Pre-commencement~~9.01. ~~communications~~Financial ~~pursuant~~Statements toand ~~Rule 14d-2(b) under the Exchange Act (17 CFR 240~~Exhibits.~~14d-2(b))~~

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

(a)	Not applicable.

(b)	Not applicable.

(c)	Not applicable.

(d)	Exhibits. The following are filed as Exhibits to this Report:

		5.1	Opinion of Mayer, Brown, Rowe & Maw LLP with respect to legality.

		8.1	Opinion of Mayer, Brown, Rowe & Maw LLP with respect to certain tax matters.

		23.1	Consent of Mayer, Brown, Rowe & Maw LLP (included in opinion filed as Exhibit 5.1).

		23.2	Consent of Mayer, Brown, Rowe & Maw LLP (included in opinion filed as Exhibit 8.1).

~~Section~~ SIGNATURES ~~9 - Financial Statements and Exhibits~~

~~Item~~ Pursuant ~~9.01.~~to ~~Financial~~the ~~Statements~~requirements ~~and~~of ~~Exhibits~~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.

~~(a)~~INDYMAC ~~Financial~~ABS, ~~Statements~~INC. By: /s/ Jill Jacobson Name: Jill Jacobson Title: Vice President

~~Not~~ Dated: March ~~applicable.~~22, 2007

~~(b)~~ EXHIBIT ~~Pro~~INDEX ~~Forma Financial Information.~~

Not applicable.

Exhibit No.		Description

5.1		Opinion of Mayer, Brown, Rowe & Maw LLP with respect to legality.

8.1		Opinion of Mayer, Brown, Rowe & Maw LLP with respect to certain
		tax matters.

23.1		Consent of Mayer, Brown, Rowe & Maw LLP
		(included in opinion filed as Exhibit 5.1).

23.2		Consent of Mayer, Brown, Rowe & Maw LLP
		(included in opinion filed as Exhibit 8.1).

Exhibit No.	Item 601(a) of Regulation S-K Exhibit No.	Description
1	5.1, 8.1, 23.1	Opinion and Consent of Thacher Proffitt & Wood LLP.

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.

Dated: June 17, 2005

INDYMAC ABS, INC. By: /s/ Isaac Carrillo Name: Isaac Carrillo Title: Vice President

EXHIBIT INDEX

Exhibit Number	Item 601(a) of Regulation S-K Exhibit No.	Description
1	5.1, 8.1, 23.1	Opinion and Consent of Counsel

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