Argent Securities Inc. 2006-W2

Mortgage Backed Floating Rate Notes

June 26, 2006 Distribution

External Parties

Table of Contents

Page

Seller

Ameriquest Mortgage Co.

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

Ameriquest Mortgage Corp

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Barclays Capital

7. Foreclosure Report

Deutsche Bank Securities

8. Prepayment Report

9. Prepayment Detail Report

Swap Counterparty

10. Realized Loss Report

Barclays Bank PLC.

11. Realized Loss Detail Report

Cap Provider

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

Total Number of Pages

Dates

Contacts

Cut-Off Date:

February 01, 2006

Jason Grewal

Close Date:

February 27, 2006

Administrator

First Distribution Date:

March 27, 2006

(714) 247-6264

Jason.Grewal@db.com

Address:

Distribution Date:

June 26, 2006

1761 E. St. Andrew Place, Santa Ana, CA 92705

Record Date:

May 31, 2006

Factor Information:

(800) 735-7777

June 23, 2006

Main Phone Number:

(714) 247-6000

Determination Date:

June 10, 2006

https://www.tss.db.com/invr

Page 1 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Certificate Payment Report
Current Period Distribution - REMIC-III
				Prior						Current
	Class		Original	Principal			Total	Realized	Deferred	Principal
	Class		Original	Principal			Total	Realized	Deferred	Principal
Class	Type	Cur	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance

			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	SR	$	725,306,000.00	684,752,554.24	3,208,446.13	20,573,288.95	23,781,735.08	0.00	0.00	664,179,265.29
A-1	SR	$	725,306,000.00	684,752,554.24	3,208,446.13	20,573,288.95	23,781,735.08	0.00	0.00	664,179,265.29
A-2A	SR	$	237,774,000.00	203,128,290.78	931,907.46	12,669,604.50	13,601,511.96	0.00	0.00	190,458,686.28
A-2B	SR	$	261,635,000.00	261,635,000.00	1,225,905.33	0.00	1,225,905.33	0.00	0.00	261,635,000.00
A-2C	SR	$	31,286,000.00	31,286,000.00	149,373.27	0.00	149,373.27	0.00	0.00	31,286,000.00
M-1	MEZ	$	71,200,000.00	71,200,000.00	346,269.33	0.00	346,269.33	0.00	0.00	71,200,000.00
M-2	MEZ	$	50,400,000.00	50,400,000.00	246,008.00	0.00	246,008.00	0.00	0.00	50,400,000.00
M-3	MEZ	$	31,200,000.00	31,200,000.00	153,122.67	0.00	153,122.67	0.00	0.00	31,200,000.00
M-4	MEZ	$	28,000,000.00	28,000,000.00	140,404.44	0.00	140,404.44	0.00	0.00	28,000,000.00
M-5	MEZ	$	26,400,000.00	26,400,000.00	133,085.33	0.00	133,085.33	0.00	0.00	26,400,000.00
M-6	MEZ	$	24,800,000.00	24,800,000.00	127,224.00	0.00	127,224.00	0.00	0.00	24,800,000.00
M-7	MEZ	$	24,000,000.00	24,000,000.00	137,200.00	0.00	137,200.00	0.00	0.00	24,000,000.00
M-8	MEZ	$	20,000,000.00	20,000,000.00	120,555.56	0.00	120,555.56	0.00	0.00	20,000,000.00
M-9	MEZ	$	14,400,000.00	14,400,000.00	97,040.00	0.00	97,040.00	0.00	0.00	14,400,000.00
M-10	MEZ	$	16,000,000.00	16,000,000.00	107,822.23	0.00	107,822.23	0.00	0.00	16,000,000.00
CE	MEZ	$	37,602,411.47	37,600,082.52	3,057,078.37	0.00	3,057,078.37	0.00	0.00	37,600,082.52
P	NOF/SEQ	$	100.00	100.00	395,105.98	0.00	395,105.98	0.00	0.00	100.00
R	RES	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	RES	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		1,600,003,511.47	1,524,802,027.54	10,576,548.10	33,242,893.45	43,819,441.55	0.00	0.00	1,491,559,134.09
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
					Orig. Principal	Prior				Current
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
			Method
					(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	05/25/06	06/25/06	A-Act/360	040104SG7	725,306,000.00	944.087812	4.423576	28.364978	32.788554	915.722833
A-1	05/25/06	06/25/06	A-Act/360	040104SG7	725,306,000.00	944.087812	4.423576	28.364978	32.788554	915.722833
A-2A	05/25/06	06/25/06	A-Act/360	040104RU7	237,774,000.00	854.291431	3.919299	53.284230	57.203529	801.007201
A-2B	05/25/06	06/25/06	A-Act/360	040104RV5	261,635,000.00	1,000.000000	4.685556	0.000000	4.685556	1,000.000000
A-2C	05/25/06	06/25/06	A-Act/360	040104RW3	31,286,000.00	1,000.000000	4.774444	0.000000	4.774444	1,000.000000
M-1	05/25/06	06/25/06	A-Act/360	040104RX1	71,200,000.00	1,000.000000	4.863333	0.000000	4.863333	1,000.000000
M-2	05/25/06	06/25/06	A-Act/360	040104RY9	50,400,000.00	1,000.000000	4.881111	0.000000	4.881111	1,000.000000
M-3	05/25/06	06/25/06	A-Act/360	040104RZ6	31,200,000.00	1,000.000000	4.907778	0.000000	4.907778	1,000.000000
M-4	05/25/06	06/25/06	A-Act/360	040104SA0	28,000,000.00	1,000.000000	5.014444	0.000000	5.014444	1,000.000000
M-5	05/25/06	06/25/06	A-Act/360	040104SB8	26,400,000.00	1,000.000000	5.041111	0.000000	5.041111	1,000.000000
M-6	05/25/06	06/25/06	A-Act/360	040104SC6	24,800,000.00	1,000.000000	5.130000	0.000000	5.130000	1,000.000000
M-7	05/25/06	06/25/06	A-Act/360	040104SD4	24,000,000.00	1,000.000000	5.716667	0.000000	5.716667	1,000.000000
M-8	05/25/06	06/25/06	A-Act/360	040104SE2	20,000,000.00	1,000.000000	6.027778	0.000000	6.027778	1,000.000000
M-9	05/25/06	06/25/06	A-Act/360	040104SF9	14,400,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
M-10	05/25/06	06/25/06	A-Act/360	040104SH5	16,000,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
CE	05/25/06	06/24/06	A-30/360	040104SJ1	37,602,411.47	999.938064	81.300062	0.000000	81.300062	999.938064
P	05/25/06	06/24/06	F-30/360	040104SK8	100.00	1,000.000000	3,951,059.800000	0.000000	3,951,059.800000	1,000.000000
R	05/25/06	06/24/06	F-30/360	040104SL6	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-X	05/25/06	06/24/06	F-30/360	040104SM4	0.00	0.000000	0.000000	0.000000	0.000000	0.000000



Page 2 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


Distribution to Date - REMIC-III
									Current


	Original		Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal

Class	Face Value	Interest	Principal	Principal	Principal	Distribution	Loss	Interest	Balance
(1)	(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	725,306,000.00	11,803,284.63	59,444,400.68	1,682,334.03	61,126,734.71	72,930,019.34	0.00	0.00	664,179,265.29
A-2A	237,774,000.00	3,606,880.13	46,000,804.61	1,314,509.11	47,315,313.72	50,922,193.85	0.00	0.00	190,458,686.28
A-2B	261,635,000.00	4,374,935.54	0.00	0.00	0.00	4,374,935.54	0.00	0.00	261,635,000.00
A-2C	31,286,000.00	533,491.32	0.00	0.00	0.00	533,491.32	0.00	0.00	31,286,000.00
M-1	71,200,000.00	1,237,643.51	0.00	0.00	0.00	1,237,643.51	0.00	0.00	71,200,000.00
M-2	50,400,000.00	879,416.74	0.00	0.00	0.00	879,416.74	0.00	0.00	50,400,000.00
M-3	31,200,000.00	547,494.83	0.00	0.00	0.00	547,494.83	0.00	0.00	31,200,000.00
M-4	28,000,000.00	502,448.18	0.00	0.00	0.00	502,448.18	0.00	0.00	28,000,000.00
M-5	26,400,000.00	476,354.86	0.00	0.00	0.00	476,354.86	0.00	0.00	26,400,000.00
M-6	24,800,000.00	455,682.65	0.00	0.00	0.00	455,682.65	0.00	0.00	24,800,000.00
M-7	24,000,000.00	493,343.20	0.00	0.00	0.00	493,343.20	0.00	0.00	24,000,000.00
M-8	20,000,000.00	434,258.24	0.00	0.00	0.00	434,258.24	0.00	0.00	20,000,000.00
M-9	14,400,000.00	350,745.93	0.00	0.00	0.00	350,745.93	0.00	0.00	14,400,000.00
M-10	16,000,000.00	389,717.70	0.00	0.00	0.00	389,717.70	0.00	0.00	16,000,000.00
CE	37,602,411.47	12,830,681.69	2,212.67	116.28	2,328.95	12,833,010.64	0.00	0.00	37,600,082.52
P	100.00	1,001,780.02	0.00	0.00	0.00	1,001,780.02	0.00	0.00	100.00
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total	1,600,003,511.47	39,918,159.17	105,447,417.96	2,996,959.42	108,444,377.38	148,362,536.55	0.00	0.00	1,491,559,134.09


Interest Detail - REMIC-III
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or	Current
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or

	Through	(with Notional)	Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid

Class	Rate	Balance	Interest	Interest SF	Interest	Adjustment	Interest	Interest	Interest
			(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	5.27125%	684,752,554.24	3,208,446.13	0.00	0.00	0.00	3,208,446.13	3,208,446.13	0.00
A-2A	5.16125%	203,128,290.78	931,907.46	0.00	0.00	0.00	931,907.46	931,907.46	0.00
A-2B	5.27125%	261,635,000.00	1,225,905.33	0.00	0.00	0.00	1,225,905.33	1,225,905.33	0.00
A-2C	5.37125%	31,286,000.00	149,373.27	0.00	0.00	0.00	149,373.27	149,373.27	0.00
M-1	5.47125%	71,200,000.00	346,269.33	0.00	0.00	0.00	346,269.33	346,269.33	0.00
M-2	5.49125%	50,400,000.00	246,008.00	0.00	0.00	0.00	246,008.00	246,008.00	0.00
M-3	5.52125%	31,200,000.00	153,122.67	0.00	0.00	0.00	153,122.67	153,122.67	0.00
M-4	5.64125%	28,000,000.00	140,404.44	0.00	0.00	0.00	140,404.44	140,404.44	0.00
M-5	5.67125%	26,400,000.00	133,085.33	0.00	0.00	0.00	133,085.33	133,085.33	0.00
M-6	5.77125%	24,800,000.00	127,224.00	0.00	0.00	0.00	127,224.00	127,224.00	0.00
M-7	6.43125%	24,000,000.00	137,200.00	0.00	0.00	0.00	137,200.00	137,200.00	0.00
M-8	6.78125%	20,000,000.00	120,555.56	0.00	0.00	0.00	120,555.56	120,555.56	0.00
M-9	7.16798%	14,400,000.00	91,750.09	0.00	0.00	0.00	91,750.09	97,040.00	0.00
M-10	7.16798%	16,000,000.00	101,944.55	0.00	0.00	0.00	101,944.55	107,822.23	0.00
CE	0.00000%	37,600,082.52	0.00	0.00	0.00	0.00	0.00	3,057,078.37	0.00
P	4,741,271.76000%	100.00	0.00	0.00	0.00	0.00	0.00	395,105.98	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		1,524,802,027.54	7,113,196.16	0.00	0.00	0.00	7,113,196.16	10,576,548.10	0.00



Page 3 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	12,669,604.50	20,573,288.95	33,242,893.45
Principal Withdrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	12,669,604.50	20,573,288.95	33,242,893.45
Interest Collections	4,140,681.44	5,841,382.29	9,982,063.73
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Fees	-108,538.08	-157,774.79	-266,312.87
Interest Other Accounts	196,300.31	664,496.93	860,797.24
TOTAL NET INTEREST	4,228,443.67	6,348,104.43	10,576,548.10
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	16,898,048.17	26,921,393.38	43,819,441.55




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	256,743.94	489,011.56	745,755.50
Curtailments	13,154.32	25,894.45	39,048.77
Prepayments In Full	12,399,706.24	20,058,382.94	32,458,089.18
Repurchased/Substitutions	0.00	0.00	0.00
Liquidations	0.00	0.00	0.00
Insurance Principal	0.00	0.00	0.00
Other Additional Principal	0.00	0.00	0.00
Delinquent Principal	-160,646.65	-285,309.65	-445,956.30
Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	160,646.65	285,309.65	445,956.30
TOTAL PRINCIPAL COLLECTED	12,669,604.50	20,573,288.95	33,242,893.45




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

	Group 2	Group 1	Total
TOTAL PRINCIPAL OTHER ACCOUNTS	0.00	0.00	0.00






Page 4 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


INTEREST - COLLECTIONS

			Group 2	Group 1	Total
Scheduled Interest			4,300,087.56	6,052,649.36	10,352,736.92
Repurchased/Substitution Interest			0.00	0.00	0.00
Liquidation Interest			0.00	0.00	0.00
Insurance Interest			0.00	0.00	0.00
Other Additional Interest			0.00	0.00	0.00
Prepayment Interest Shortfalls			-14,769.74	-28,364.26	-43,134.00
Delinquent Interest			-2,580,121.40	-3,521,904.60	-6,102,026.00
Interest Realized Losses			-0.00	-0.00	-0.00
Compensating Interest			14,769.75	28,364.25	43,134.00
Civil Relief Act Shortfalls			-0.00	-0.00	-0.00
Interest Advanced			2,420,715.28	3,310,637.54	5,731,352.82
TOTAL INTEREST COLLECTED			4,140,681.44	5,841,382.29	9,982,063.73




INTEREST - WITHDRAWALS

			Group 2	Group 1	Total
Non Recoverable Advances			0.00	0.00	0.00
Extraordinary Trust Fund Expenses			0.00	0.00	0.00
TOTAL INTEREST WITHDRAWALS			0.00	0.00	0.00




INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
		Group 2	Group 1	Total
	Prepayment Charges	160,071.96	235,034.02	395,105.98

	Net Swap Receipts	196,300.31	269,390.95	465,691.26
	. a)Swap Payment	0.00	0.00	0.00
	. b)Counterparty Payment	2,756,341.14	3,782,639.73	6,538,980.87

	Cap Receipts			0.00
	TOTAL INTEREST OTHER ACCOUNTS	196,300.31	664,496.93	860,797.24




INTEREST FEES
INTEREST FEES
		Group 2	Group 1	Total
	Current Servicing Fees	107,843.23	156,817.77	264,661.00
	Trustee Fees	694.85	957.02	1,651.87
	TOTAL INTEREST FEES	108,538.08	157,774.79	266,312.87



Page 5 of 28

Argent Securities Inc. 2006-W2

Mortgage Backed Floating Rate Notes

June 26, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

NET WAC RESERVE ACCOUNT

Begining Account Balance

0.00

Account Deposit

11,167.59

Account Payment Due

11,167.59

Amount Withdrawn

11,167.59

Ending Account Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Overcollateralized Amount - Prior Period

37,600,082.52

Current Period Principal Loss

0.00

Overcollateralized Amount - After Current

37,600,082.52

Overcollateralization Increase Amount

0.00

Overcollateralization Release Amount

0.00

Overcollateralization Amount - Ending

37,600,082.52

Overcollateralization Excess Amount

0.00

Overcollateralization Deficiency Amount

0.00

Overcollateralized Target Amount

37,600,082.52

Net Monthly Excess Cashflow

2,591,387.11

Page 6 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	2,276	5,433	7,709
Prior	2,191	5,249	7,440
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-37	-98	-135
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	2,154	5,151	7,305
Principal Balance:


Original	676,045,207.12	923,958,304.35	1,600,003,511.47
Prior	641,398,437.14	883,403,590.40	1,524,802,027.54
Prefunding	0.00	0.00	0.00
Scheduled Principal	-256,743.94	-489,011.56	-745,755.50
Partial Prepayments	-13,154.32	-25,894.45	-39,048.77
Full Voluntary Prepayments	-12,399,706.24	-20,058,382.94	-32,458,089.18
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	628,728,832.64	862,830,301.45	1,491,559,134.09





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	7.77511%	7.82759%	7.80541%
Weighted Average Coupon Prior	8.05480%	8.23326%	8.15823%
Weighted Average Coupon Current	8.04509%	8.22181%	8.14747%
Weighted Average Months to Maturity Original	358	357	357
Weighted Average Months to Maturity Prior	356	355	355
Weighted Average Months to Maturity Current	355	354	354
Weighted Avg Remaining Amortization Term Original	371	368	369
Weighted Avg Remaining Amortization Term Prior	369	366	367
Weighted Avg Remaining Amortization Term Current	367	365	366
Weighted Average Seasoning Original	2.04	2.08	2.06
Weighted Average Seasoning Prior	4.04	4.08	4.06
Weighted Average Seasoning Current	5.05	5.08	5.07

Page 8 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

		Group 2	Group 1	Total
Weighted Average Margin Original		5.99043%	5.99509%	5.99303%
Weighted Average Margin Prior		5.99009%	5.99601%	5.99340%
Weighted Average Margin Current		5.98991%	5.99593%	5.99327%
Weighted Average Max Rate Original		14.00650%	14.30017%	14.17008%
Weighted Average Max Rate Prior		13.98118%	14.28812%	14.15287%
Weighted Average Max Rate Current		13.97066%	14.27631%	14.14146%
Weighted Average Min Rate Original		8.00650%	8.30017%	8.17008%
Weighted Average Min Rate Prior		7.98118%	8.28812%	8.15287%
Weighted Average Min Rate Current		7.97066%	8.27631%	8.14146%
Weighted Average Cap Up Original		1.00000%	1.00000%	1.00000%
Weighted Average Cap Up Prior		1.00000%	1.00000%	1.00000%
Weighted Average Cap Up Current		1.00000%	1.00000%	1.00000%
Weighted Average Cap Down Original		1.00000%	1.00000%	1.00000%
Weighted Average Cap Down Prior		1.00000%	1.00000%	1.00000%
Weighted Average Cap Down Current		1.00000%	1.00000%	1.00000%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

		Group 2	Group 1	Total




Current Servicing Fees		107,843.23	156,817.77	264,661.00
Delinquent Servicing Fees		159,406.12	211,267.06	370,673.18
TOTAL SERVICING FEES		267,249.35	368,084.84	635,334.19


Total Servicing Fees		267,249.35	368,084.84	635,334.19
Compensating Interest		-14,769.75	-28,364.25	-43,134.00
Delinquent Servicing Fees		-159,406.12	-211,267.06	-370,673.18
COLLECTED SERVICING FEES		93,073.48	128,453.53	221,527.01


Total Advanced Interest		2,420,715.28	3,310,637.54	5,731,352.82
Total Advanced Principal		160,646.65	285,309.65	445,956.30
Aggregate Advances with respect to this Distribution		2,581,361.93	3,595,947.19	6,177,309.12
Unrecovered Advances		0.00	0.00	0.00
Non Recoverable Advance		0.00	0.00	0.00
Servicer Escrow advances		0.00	0.00	0.00





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Group 2	Group 1	Total
	Prepayment Interest Shortfall (PPIS)	14,769.74	28,364.26	43,134.00
	Compensating Interest	(14,769.75)	(28,364.25)	(43,134.00)
	Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00


	Ending Pool Stated Principal Balance	628,728,832.64	862,830,301.45	8.323610%





Page 9 of 28

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Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Delinquency Report


TOTAL	< 1 PMT	1 PMT	2 PMTS	3 PMTS	4 PMTS	5 PMTS	TOTAL
	< 1 PMT	1 PMT	2 PMTS	3 PMTS	4 PMTS	5 PMTS	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		32,622,839.02	16,707,993.52	2,385,574.04	0.00	0.00	51,716,406.58
		2.19%	1.12%	0.16%	0.00%	0.00%	3.47%
		150	65	7	0	0	222
		2.05%	0.89%	0.10%	0.00%	0.00%	3.04%
FORECLOSURE Balance % Balance # Loans % # Loans
	0.00	0.00	2,512,631.52	7,259,530.45	0.00	0.00	9,772,161.97
	0.00%	0.00%	0.17%	0.49%	0.00%	0.00%	0.66%
	0	0	12	26	0	0	38
	0.00%	0.00%	0.16%	0.36%	0.00%	0.00%	0.52%
BANKRUPTCY Balance % Balance # Loans % # Loans
	395,580.29	0.00	442,879.19	185,202.17	0.00	0.00	1,023,661.65
	0.03%	0.00%	0.03%	0.01%	0.00%	0.00%	0.07%
	4	0	2	2	0	0	8
	0.05%	0.00%	0.03%	0.03%	0.00%	0.00%	0.11%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	88,890.59	0.00	0.00	88,890.59
	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.01%
	0	0	0	1	0	0	1
	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.01%
TOTAL Balance % Balance # Loans % # Loans
	395,580.29	32,622,839.02	19,663,504.23	9,919,197.25	0.00	0.00	62,601,120.79
	0.03%	2.19%	1.32%	0.67%	0.00%	0.00%	4.20%
	4	150	79	36	0	0	269
	0.05%	2.05%	1.08%	0.49%	0.00%	0.00%	3.68%

Page 10 of 28

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Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution



GROUP 1	< 1 PMT	1 PMT	2 PMTS	3 PMTS	4 PMTS	5 PMTS	TOTAL
	< 1 PMT	1 PMT	2 PMTS	3 PMTS	4 PMTS	5 PMTS	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		16,926,894.28	7,326,213.38	285,056.17	0.00	0.00	24,538,163.83
		1.96%	0.85%	0.03%	0.00%	0.00%	2.84%
		99	43	2	0	0	144
		1.92%	0.83%	0.04%	0.00%	0.00%	2.80%
FORECLOSURE Balance % Balance # Loans % # Loans
	0.00	0.00	2,023,027.18	3,608,555.43	0.00	0.00	5,631,582.61
	0.00%	0.00%	0.23%	0.42%	0.00%	0.00%	0.65%
	0	0	10	17	0	0	27
	0.00%	0.00%	0.19%	0.33%	0.00%	0.00%	0.52%
BANKRUPTCY Balance % Balance # Loans % # Loans
	395,580.29	0.00	442,879.19	185,202.17	0.00	0.00	1,023,661.65
	0.05%	0.00%	0.05%	0.02%	0.00%	0.00%	0.12%
	4	0	2	2	0	0	8
	0.08%	0.00%	0.04%	0.04%	0.00%	0.00%	0.16%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	88,890.59	0.00	0.00	88,890.59
	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.01%
	0	0	0	1	0	0	1
	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.02%
TOTAL Balance % Balance # Loans % # Loans
	395,580.29	16,926,894.28	9,792,119.75	4,167,704.36	0.00	0.00	31,282,298.68
	0.05%	1.96%	1.13%	0.48%	0.00%	0.00%	3.63%
	4	99	55	22	0	0	180
	0.08%	1.92%	1.07%	0.43%	0.00%	0.00%	3.49%

Page 11 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution



GROUP 2	< 1 PMT	1 PMT	2 PMTS	3 PMTS	4 PMTS	5 PMTS	TOTAL
	< 1 PMT	1 PMT	2 PMTS	3 PMTS	4 PMTS	5 PMTS	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		15,695,944.74	9,381,780.14	2,100,517.87	0.00	0.00	27,178,242.75
		2.50%	1.49%	0.33%	0.00%	0.00%	4.32%
		51	22	5	0	0	78
		2.37%	1.02%	0.23%	0.00%	0.00%	3.62%
FORECLOSURE Balance % Balance # Loans % # Loans
	0.00	0.00	489,604.34	3,650,975.02	0.00	0.00	4,140,579.36
	0.00%	0.00%	0.08%	0.58%	0.00%	0.00%	0.66%
	0	0	2	9	0	0	11
	0.00%	0.00%	0.09%	0.42%	0.00%	0.00%	0.51%
BANKRUPTCY Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL Balance % Balance # Loans % # Loans
	0.00	15,695,944.74	9,871,384.48	5,751,492.89	0.00	0.00	31,318,822.11
	0.00%	2.50%	1.57%	0.91%	0.00%	0.00%	4.98%
	0	51	24	14	0	0	89
	0.00%	2.37%	1.11%	0.65%	0.00%	0.00%	4.13%

Page 12 of 28

Argent Securities Inc. 2006-W2

Mortgage Backed Floating Rate Notes

June 26, 2006 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Became REO Property this Period:

84353499 1

89,250.00

88,890.59

01-Jan-2006

7.150%

360

01-Feb-2006

TOTAL

89,250.00

88,890.59

Page 13 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Foreclosure Report
Loan Number		Original	Stated		Current	State &		First
Loan Number		Original	Stated		Current	State &		First
&		Principal	Principal	Paid to	Note	LTV at	Original	Payment
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
						Origination

Became Foreclosure Property this Period:
83818815 1		356,250.00	356,249.99	01-Jan-2006	8.150%	360	01-Dec-2005
88616073 2		453,750.00	450,829.14	01-Jan-2006	7.200%	360	01-Nov-2005
89805154 1		87,300.00	86,975.05	01-Jan-2006	8.475%	360	01-Jan-2006
90839713 2		85,500.00	85,183.61	01-Jan-2006	8.500%	360	01-Jan-2006
90852039 1		141,300.00	140,733.02	01-Jan-2006	8.250%	360	01-Jan-2006
91143917 2		441,000.00	439,817.34	01-Jan-2006	10.050%	360	01-Jan-2006
91398917 2		446,500.00	445,597.12	01-Jan-2006	10.500%	360	01-Feb-2006
91549196 2		306,000.00	305,709.72	01-Jan-2006	9.450%	360	01-Feb-2006
91550715 2		650,000.00	648,063.36	01-Jan-2006	8.650%	360	01-Feb-2006
91719757 1		147,250.00	146,911.72	01-Jan-2006	9.900%	360	01-Feb-2006
91737759 1		72,250.00	72,087.01	01-Feb-2006	8.900%	360	01-Mar-2006
91823518 1		380,000.00	378,826.54	01-Jan-2006	8.475%	360	01-Feb-2006
91856278 1		312,000.00	310,680.71	01-Jan-2006	6.900%	360	01-Feb-2006
91959270 1		273,750.00	273,169.36	01-Feb-2006	9.197%	360	01-Mar-2006
92057439 1		99,000.00	98,852.12	01-Feb-2006	10.850%	360	01-Mar-2006
92094754 1		270,000.00	269,609.56	01-Feb-2006	11.000%	360	01-Mar-2006
92157072 1		383,250.00	382,584.81	01-Feb-2006	10.150%	360	01-Mar-2006
92190354 1		210,000.00	209,693.03	01-Feb-2006	10.950%	360	01-Mar-2006
92267913 1		355,500.00	354,544.53	01-Jan-2006	9.150%	360	01-Feb-2006
92455518 1		67,500.00	67,356.89	01-Feb-2006	9.200%	360	01-Mar-2006
92475797 1		195,500.00	195,026.07	01-Feb-2006	8.550%	360	01-Mar-2006
92513670 1		64,800.00	64,644.50	01-Feb-2006	8.600%	360	01-Mar-2006
92527431 2		324,000.00	323,516.00	01-Feb-2006	10.850%	360	01-Mar-2006
92535517 2		166,250.00	166,088.34	01-Feb-2006	8.600%	360	01-Mar-2006
92804277 1		390,600.00	390,003.83	01-Feb-2006	10.750%	360	01-Mar-2006


TOTAL	6,679,250.00	6,662,753.37

Became Foreclosure Property in a Prior Period:
88591714 1		81,000.00	80,734.98	01-Jan-2006	9.100%	360	01-Jan-2006
90045352 1		298,800.00	298,061.18	01-Jan-2006	9.550%	360	01-Feb-2006
90192394 1		108,000.00	107,691.12	01-Jan-2006	8.850%	360	01-Feb-2006
91015511 1		81,520.00	81,324.62	01-Jan-2006	9.700%	360	01-Feb-2006
91476077 1		273,000.00	272,442.03	01-Jan-2006	10.450%	360	01-Feb-2006
91477679 2		558,000.00	557,224.33	01-Jan-2006	8.150%	360	01-Feb-2006
91535914 1		168,000.00	167,678.02	01-Jan-2006	10.750%	360	01-Feb-2006
91568592 1		220,800.00	220,416.06	01-Jan-2006	11.200%	360	01-Feb-2006
91681593 1		283,500.00	283,205.94	01-Jan-2006	9.150%	360	01-Feb-2006
91954438 1		261,000.00	260,222.35	01-Jan-2006	8.650%	360	01-Feb-2006
92019470 2		278,100.00	277,847.79	01-Jan-2006	9.600%	360	01-Feb-2006
92197151 2		441,750.00	440,702.61	01-Jan-2006	9.750%	360	01-Feb-2006
92315795 1		62,000.00	61,857.57	01-Jan-2006	9.900%	360	01-Feb-2006


TOTAL	3,115,470.00	3,109,408.60
TOTAL


Page 14 of 28

Argent Securities Inc. 2006-W2

Mortgage Backed Floating Rate Notes

June 26, 2006 Distribution

TOTAL

9,794,720.00

9,772,161.97

Page 15 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	37	98	135
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	37	98	135
Curtailments Amount	13,154.32	25,894.45	39,048.77
Paid in Full Balance	12,399,706.24	20,058,382.94	32,458,089.18
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	12,412,860.56	20,084,277.39	32,497,137.95
Cumulative


Number of Paid in Full Loans	123	277	400
Number of Repurchased Loans	0	5	5
Total Number of Loans Prepaid in Full	123	282	405
Paid in Full Balance	46,707,799.54	57,617,710.68	104,325,510.22
Repurchased Loans Balance	0.00	1,328,596.19	1,328,596.19
Curtailments Amount	(422,002.04)	215,313.59	(206,688.45)
Total Prepayment Amount	46,285,797.50	59,161,620.46	105,447,417.96

Page 16 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	1.94%	2.27%	2.13%
3 Months Avg SMM	2.03%	1.92%	1.96%
12 Months Avg SMM	1.76%	1.64%	1.69%
Avg SMM Since Cut-off	1.76%	1.64%	1.69%



CPR	20.91%	24.13%	22.79%
3 Months Avg CPR	21.78%	20.73%	21.18%
12 Months Avg CPR	19.18%	18.03%	18.52%
Avg CPR Since Cut-off	19.18%	18.03%	18.52%



PSA	2,071.02%	2,374.20%	2,248.61%
3 Months Avg PSA Approximation	2,691.67%	2,540.88%	2,604.36%
12 Months Avg PSA Approximation	2,706.16%	2,518.31%	2,597.38%
Avg PSA Since Cut-off Approximation	2,706.15%	2,518.31%	2,597.39%

Page 17 of 28

Argent Securities Inc. 2006-W2

Mortgage Backed Floating Rate Notes

June 26, 2006 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.

Dates correspond to distribution dates.

Page 18 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Prepayment Detail Report

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number	Original			Current	State &	Type Prepayment	First
Loan Number	Original			Current	State &	Type Prepayment	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

81993859 1		73,800.00	73,279.38	26-May-2006	7.350%	Paid Off - 360	01-Sep-2005
81993859 1		73,800.00	73,279.38	26-May-2006	7.350%	Paid Off - 360	01-Sep-2005
82101130 1		85,000.00	84,412.05	18-May-2006	7.450%	Paid Off - 360	01-Sep-2005
84130210 2		105,800.00	105,690.65	18-May-2006	11.200%	Paid Off - 360	01-Mar-2006
84287457 1		216,000.00	215,346.26	30-May-2006	7.450%	Paid Off - 360	01-Feb-2006
84304419 1		164,000.00	163,642.48	24-May-2006	9.350%	Paid Off - 360	01-Feb-2006
84392299 1		300,000.00	298,819.07	15-May-2006	6.100%	Paid Off - 360	01-Feb-2006
84443654 1		238,920.00	238,539.29	24-May-2006	10.550%	Paid Off - 360	01-Feb-2006
84554534 1		328,500.00	328,168.65	08-Jun-2006	9.400%	Paid Off - 360	01-Apr-2006
84563972 1		170,910.00	170,676.36	25-May-2006	9.900%	Paid Off - 360	01-Mar-2006
85428076 1		228,720.00	228,720.00	01-Jun-2006	6.950%	Paid Off - 360	01-Oct-2005
85840031 2		219,328.00	218,122.78	18-May-2006	8.000%	Paid Off - 360	01-Oct-2005
86951316 1		103,920.00	103,316.65	26-May-2006	7.100%	Paid Off - 360	01-Nov-2005
88664511 1		90,000.00	89,734.64	16-May-2006	9.600%	Paid Off - 360	01-Dec-2005
89322838 1		356,250.00	356,249.98	01-Jun-2006	9.650%	Paid Off - 360	01-Feb-2006
89685150 1		142,400.00	141,848.55	05-Jun-2006	7.348%	Paid Off - 360	01-Jan-2006
89688634 1		350,000.00	348,891.37	01-Jun-2006	8.350%	Paid Off - 360	01-Jan-2006
89741151 1		81,000.00	80,704.58	06-Jun-2006	7.650%	Paid Off - 360	01-Jan-2006
89835599 1		316,200.00	315,008.23	22-May-2006	8.550%	Paid Off - 360	01-Dec-2005
89925952 1		196,000.00	195,715.93	16-May-2006	10.990%	Paid Off - 360	01-Feb-2006
90199118 1		193,500.00	193,085.53	01-Jun-2006	9.150%	Paid Off - 360	01-Feb-2006
90230194 1		401,400.00	401,400.00	16-May-2006	6.700%	Paid Off - 360	01-Jan-2006
90376278 1		89,250.00	89,002.02	24-May-2006	8.990%	Paid Off - 360	01-Jan-2006
90444597 1		147,250.00	147,250.00	11-May-2006	8.100%	Paid Off - 360	01-Jan-2006
90662354 2		143,500.00	143,206.72	01-Jun-2006	10.450%	Paid Off - 360	01-Jan-2006
90665837 1		318,250.00	317,450.51	25-May-2006	9.550%	Paid Off - 360	01-Jan-2006
90703794 1		120,000.00	119,646.09	12-May-2006	8.700%	Paid Off - 360	01-Jan-2006
90763954 1		255,000.00	254,518.27	19-May-2006	9.750%	Paid Off - 360	01-Feb-2006
90859034 1		185,400.00	185,081.61	26-May-2006	10.200%	Paid Off - 360	01-Feb-2006
90859992 2		295,200.00	294,407.75	16-May-2006	8.050%	Paid Off - 360	01-Feb-2006
90900754 1		124,000.00	123,634.29	16-May-2006	8.700%	Paid Off - 360	01-Jan-2006
90903790 1		300,000.00	300,000.00	19-May-2006	6.800%	Paid Off - 360	01-Feb-2006
90977075 1		116,375.00	116,177.28	08-Jun-2006	10.250%	Paid Off - 360	01-Feb-2006
91127951 1		240,000.00	239,469.68	17-May-2006	9.000%	Paid Off - 360	01-Feb-2006
91148270 1		301,000.00	300,052.18	01-Jun-2006	7.250%	Paid Off - 360	01-Feb-2006
91171074 1		130,500.00	130,234.67	15-May-2006	9.400%	Paid Off - 360	01-Feb-2006
91208710 1		250,000.00	249,308.46	08-Jun-2006	7.900%	Paid Off - 360	01-Feb-2006
91253757 1		250,750.00	250,135.86	08-Jun-2006	8.500%	Paid Off - 360	01-Feb-2006
91256115 1		238,000.00	237,212.80	15-May-2006	7.000%	Paid Off - 360	01-Feb-2006
91300715 2		248,000.00	248,000.00	02-Jun-2006	8.250%	Paid Off - 360	01-Feb-2006
91393835 1		373,500.00	372,612.91	15-May-2006	8.650%	Paid Off - 360	01-Feb-2006


Page 19 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number	Original			Current	State &	Type Prepayment	First
Loan Number	Original			Current	State &	Type Prepayment	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

91452037 1		243,750.00	242,474.88	01-Jun-2006	9.725%	Paid Off - 360	01-Feb-2006
91452037 1		243,750.00	242,474.88	01-Jun-2006	9.725%	Paid Off - 360	01-Feb-2006
91468959 1		90,750.00	90,634.87	02-Jun-2006	11.600%	Paid Off - 360	01-Feb-2006
91485359 1		175,900.00	175,647.88	22-May-2006	7.250%	Paid Off - 360	01-Feb-2006
91502633 2		424,271.00	422,568.83	26-May-2006	6.000%	Paid Off - 360	01-Feb-2006
91512632 2		216,000.00	216,000.00	18-May-2006	7.500%	Paid Off - 360	01-Feb-2006
91512871 2		54,000.00	53,903.04	18-May-2006	9.990%	Paid Off - 360	01-Feb-2006
91514356 1		229,500.00	229,021.06	16-May-2006	9.275%	Paid Off - 360	01-Feb-2006
91515791 1		220,000.00	219,213.34	30-May-2006	6.600%	Paid Off - 360	01-Feb-2006
91544114 1		280,000.00	278,979.22	22-May-2006	6.500%	Paid Off - 360	01-Feb-2006
91560110 1		234,850.00	234,377.46	31-May-2006	9.450%	Paid Off - 360	01-Feb-2006
91573477 1		280,500.00	279,997.40	24-May-2006	10.000%	Paid Off - 360	01-Feb-2006
91606079 1		118,000.00	117,594.12	24-May-2006	6.800%	Paid Off - 360	01-Feb-2006
91622555 1		133,900.00	133,434.93	31-May-2006	6.750%	Paid Off - 360	01-Feb-2006
91624999 2		640,000.00	640,000.00	01-Jun-2006	6.600%	Paid Off - 360	01-Feb-2006
91661751 1		124,000.00	123,777.64	30-May-2006	8.600%	Paid Off - 360	01-Mar-2006
91666552 2		408,000.00	408,000.00	31-May-2006	7.500%	Paid Off - 360	01-Feb-2006
91671875 2		427,500.00	426,734.63	05-Jun-2006	6.450%	Paid Off - 360	01-Feb-2006
91672113 1		105,500.00	105,170.85	18-May-2006	7.300%	Paid Off - 360	01-Feb-2006
91673913 1		200,000.00	199,412.52	31-May-2006	7.600%	Paid Off - 360	01-Feb-2006
91683631 1		115,000.00	114,709.58	30-May-2006	8.350%	Paid Off - 360	01-Feb-2006
91695114 1		107,000.00	106,751.05	23-May-2006	8.750%	Paid Off - 360	01-Feb-2006
91702878 1		238,550.00	238,046.92	24-May-2006	9.225%	Paid Off - 360	01-Feb-2006
91706077 1		161,000.00	160,629.21	31-May-2006	8.800%	Paid Off - 360	01-Feb-2006
91708917 1		256,500.00	256,010.32	16-May-2006	9.700%	Paid Off - 360	01-Feb-2006
91711275 1		177,300.00	177,066.48	08-Jun-2006	10.075%	Paid Off - 360	01-Mar-2006
91716191 2		292,418.00	291,701.81	30-May-2006	8.500%	Paid Off - 360	01-Feb-2006
91718072 2		503,200.00	503,200.00	23-May-2006	7.050%	Paid Off - 360	01-Feb-2006
91732198 1		96,000.00	95,708.70	17-May-2006	9.100%	Paid Off - 360	01-Feb-2006
91748830 1		133,000.00	132,542.52	31-May-2006	6.800%	Paid Off - 360	01-Feb-2006
91776278 1		257,000.00	256,350.99	31-May-2006	8.350%	Paid Off - 360	01-Feb-2006
91780031 1		144,000.00	143,589.48	18-May-2006	7.750%	Paid Off - 360	01-Feb-2006
91780072 1		162,500.00	162,179.31	17-May-2006	10.250%	Paid Off - 360	01-Feb-2006
91818799 1		300,000.00	298,958.06	12-May-2006	6.750%	Paid Off - 360	01-Feb-2006
91831313 1		101,700.00	101,502.09	09-Jun-2006	8.200%	Paid Off - 360	01-Mar-2006
91852038 1		169,000.00	168,482.48	02-Jun-2006	7.400%	Paid Off - 360	01-Feb-2006
91853150 1		95,950.00	95,806.67	16-May-2006	10.850%	Paid Off - 360	01-Feb-2006
91856674 2		535,200.00	535,200.00	30-May-2006	8.450%	Paid Off - 360	01-Feb-2006
91866392 2		551,000.00	550,502.27	24-May-2006	8.850%	Paid Off - 360	01-Feb-2006
91875195 1		340,000.00	338,758.55	30-May-2006	6.500%	Paid Off - 360	01-Feb-2006
91879874 1		204,720.00	204,081.69	31-May-2006	7.300%	Paid Off - 360	01-Feb-2006
91917716 1		280,000.00	280,000.00	12-May-2006	8.150%	Paid Off - 360	01-Feb-2006
91936310 1		210,800.00	210,484.87	06-Jun-2006	7.100%	Paid Off - 360	01-Feb-2006
91936310 1			210,484.87		7.100%	Paid Off - 360

Page 20 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number	Original			Current	State &	Type Prepayment	First
Loan Number	Original			Current	State &	Type Prepayment	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

91941393 2		200,000.00	199,999.50	18-May-2006	7.700%	Paid Off - 360	01-Feb-2006
91941393 2		200,000.00	199,999.50	18-May-2006	7.700%	Paid Off - 360	01-Feb-2006
91949719 2		408,000.00	408,000.00	18-May-2006	9.150%	Paid Off - 360	01-Feb-2006
91962035 2		594,000.00	593,544.28	09-Jun-2006	9.400%	Paid Off - 360	01-Feb-2006
91963595 1		403,000.00	401,586.63	02-Jun-2006	6.700%	Paid Off - 360	01-Feb-2006
92016872 1		216,000.00	215,189.48	02-Jun-2006	6.350%	Paid Off - 360	01-Feb-2006
92030675 2		139,500.00	139,219.32	06-Jun-2006	9.450%	Paid Off - 360	01-Feb-2006
92056076 1		272,800.00	272,075.26	02-Jun-2006	8.100%	Paid Off - 360	01-Feb-2006
92089473 2		252,000.00	251,446.58	01-Jun-2006	7.600%	Paid Off - 360	01-Mar-2006
92127471 2		564,000.00	564,000.00	11-May-2006	7.850%	Paid Off - 360	01-Feb-2006
92128990 1		166,250.00	165,916.27	17-May-2006	9.490%	Paid Off - 360	01-Feb-2006
92140433 2		255,000.00	254,706.24	25-May-2006	10.700%	Paid Off - 360	01-Mar-2006
92143635 1		103,500.00	103,312.56	15-May-2006	9.950%	Paid Off - 360	01-Feb-2006
92146075 1		100,000.00	99,755.06	02-Jun-2006	8.500%	Paid Off - 360	01-Feb-2006
92150556 1		270,000.00	269,730.42	22-May-2006	7.500%	Paid Off - 360	01-Mar-2006
92157916 1		286,400.00	285,835.70	16-May-2006	9.550%	Paid Off - 360	01-Feb-2006
92197995 1		300,000.00	299,258.01	23-May-2006	8.452%	Paid Off - 360	01-Feb-2006
92215433 1		63,000.00	62,827.48	06-Jun-2006	7.950%	Paid Off - 360	01-Feb-2006
92227198 2		442,000.00	442,000.00	30-May-2006	9.250%	Paid Off - 360	01-Feb-2006
92247519 2		624,000.00	624,000.00	02-Jun-2006	9.150%	Paid Off - 360	01-Feb-2006
92252238 1		87,750.00	87,666.88	08-Jun-2006	11.600%	Paid Off - 360	01-Mar-2006
92256759 1		149,600.00	149,144.51	01-Jun-2006	7.420%	Paid Off - 360	01-Feb-2006
92269794 1		98,381.00	98,267.65	02-Jun-2006	10.700%	Paid Off - 360	01-Mar-2006
92292358 2		212,000.00	211,424.11	31-May-2006	7.990%	Paid Off - 360	01-Feb-2006
92333558 1		105,000.00	104,681.72	15-May-2006	7.550%	Paid Off - 360	01-Feb-2006
92341957 2		439,000.00	439,000.00	06-Jun-2006	8.990%	Paid Off - 360	01-Feb-2006
92342112 1		328,000.00	327,046.08	01-Jun-2006	7.650%	Paid Off - 360	01-Feb-2006
92403039 2		525,000.00	523,967.97	19-May-2006	8.150%	Paid Off - 360	01-Mar-2006
92403799 1		382,500.00	382,118.11	25-May-2006	7.500%	Paid Off - 360	01-Mar-2006
92410273 1		125,000.00	124,791.46	23-May-2006	8.950%	Paid Off - 360	01-Mar-2006
92419357 2		408,000.00	407,121.75	24-May-2006	7.700%	Paid Off - 360	01-Mar-2006
92453992 2		136,705.00	136,579.73	09-Jun-2006	11.750%	Paid Off - 360	01-Mar-2006
92462399 2		168,000.00	167,668.07	02-Jun-2006	8.125%	Paid Off - 360	01-Mar-2006
92499912 2		484,000.00	483,017.24	01-Jun-2006	7.990%	Paid Off - 360	01-Mar-2006
92504273 2		224,713.00	224,325.06	12-May-2006	10.175%	Paid Off - 360	01-Feb-2006
92504356 2		370,400.00	370,398.39	18-May-2006	8.900%	Paid Off - 360	01-Feb-2006
92515238 1		220,000.00	219,669.33	05-Jun-2006	9.450%	Paid Off - 360	01-Mar-2006
92522432 1		105,000.00	104,902.31	08-Jun-2006	11.700%	Paid Off - 360	01-Mar-2006
92535319 1		371,000.00	370,136.81	02-Jun-2006	8.750%	Paid Off - 360	01-Feb-2006
92537679 1		191,250.00	191,056.33	15-May-2006	7.450%	Paid Off - 360	01-Mar-2006
92546357 2		288,000.00	287,256.56	30-May-2006	8.350%	Paid Off - 360	01-Feb-2006
92546555 1		162,000.00	161,698.05	12-May-2006	9.963%	Paid Off - 360	01-Mar-2006
92576156 1		214,640.00	214,191.67	18-May-2006	7.850%	Paid Off - 360	01-Mar-2006
92576156 1			214,191.67		7.850%	Paid Off - 360

Page 21 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number	Original			Current	State &	Type Prepayment	First
Loan Number	Original			Current	State &	Type Prepayment	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

92577113 1		46,000.00	45,950.86	24-May-2006	11.050%	Paid Off - 360	01-Mar-2006
92577113 1		46,000.00	45,950.86	24-May-2006	11.050%	Paid Off - 360	01-Mar-2006
92598150 1		138,000.00	137,752.53	17-May-2006	8.600%	Paid Off - 360	01-Mar-2006
92645712 1		315,000.00	315,000.00	09-Jun-2006	7.500%	Paid Off - 360	01-Mar-2006
92669951 1		384,000.00	382,956.92	23-May-2006	7.990%	Paid Off - 360	01-Feb-2006
92747393 1		292,500.00	292,012.04	24-May-2006	8.950%	Paid Off - 360	01-Mar-2006
92849231 2		120,000.00	119,869.04	16-May-2006	10.950%	Paid Off - 360	01-Mar-2006
93009876 1		185,000.00	184,669.94	22-May-2006	8.625%	Paid Off - 360	01-Mar-2006
93011799 2		83,000.00	82,923.92	30-May-2006	11.750%	Paid Off - 360	01-Mar-2006
93338879 1		210,500.00	210,304.85	31-May-2006	9.800%	Paid Off - 360	01-Apr-2006
93752558 2		412,000.00	412,000.00	25-May-2006	8.630%	Paid Off - 360	01-Apr-2006
94094877 1		348,500.00	348,137.25	05-Jun-2006	9.250%	Paid Off - 360	01-Apr-2006


TOTAL	32,515,771.00	32,458,089.18

Page 22 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



		Group 2	Group 1	Total


Current





Number of Loans Liquidated	0	0	0
Collateral Principal Realized Loss/(Gain) Amount	0.00	0.00	0.00
Collateral Interest Realized Loss/(Gain) Amount	0.00	0.00	0.00
Net Liquidation Proceeds	0.00	0.00	0.00

Cumulative
Cumulative



Number of Loans Liquidated	0	0	0
Collateral Realized Loss/(Gain) Amount	0.00	0.00	0.00
Net Liquidation Proceeds	0.00	0.00	0.00

Page 23 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution


DEFAULT SPEEDS

	Group 2	Group 1	Total



MDR	0.00%	0.00%	0.00%
3 Months Avg MDR	0.00%	0.00%	0.00%
12 Months Avg MDR	0.00%	0.00%	0.00%
Avg MDR Since Cut-off	0.00%	0.00%	0.00%


CDR	0.00%	0.00%	0.00%
3 Months Avg CDR	0.00%	0.00%	0.00%
12 Months Avg CDR	0.00%	0.00%	0.00%
Avg CDR Since Cut-off	0.00%	0.00%	0.00%


SDA	0.00%	0.00%	0.00%
3 Months Avg SDA Approximation	0.00%	0.00%	0.00%
12 Months Avg SDA Approximation	0.00%	0.00%	0.00%
Avg SDA Since Cut-off Approximation	0.00%	0.00%	0.00%


Loss Severity Approximation for Current Period	0.00%	0.00%	0.00%
3 Months Avg Loss Severity Approximation	0.00%	0.00%	0.00%
12 Months Avg Loss Severity Approximation	0.00%	0.00%	0.00%
Avg Loss Severity Approximation Since Cut-off	0.00%	0.00%	0.00%

Page 24 of 28

Argent Securities Inc. 2006-W2

Mortgage Backed Floating Rate Notes

June 26, 2006 Distribution

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY

Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)

Conditional Default Rate (CDR): 1-((1-MDR)^12)

SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)

Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

Average SDA Approximation over period between the nth month and mth month:

AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))

Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)

Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.

Dates correspond to distribution dates.

Page 25 of 28

Argent Securities Inc. 2006-W2

Mortgage Backed Floating Rate Notes

June 26, 2006 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

TOTAL

Page 26 of 28

Argent Securities Inc. 2006-W2

Mortgage Backed Floating Rate Notes

June 26, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Stepdown Date Occurred? (0=No,1=Yes)

Distribution Date March 2009

Credit Enhancement Percentage (For Stepdown Date)

23.0631%

Applicable Percentage

43.0000%

Trigger Event In Effect? (0=No,1=Yes)

60+ days Delinquency Balance

29,978,281.77

Ending Pool Balance

628,728,832.64

862,830,301.45

1,491,559,134.09

Delinquency Percentage

2.0099%

Prior Balance of Mezzanine and C Class

344,000,082.52

Prior Pool Balance

641,398,437.14

883,403,590.40

1,524,802,027.54

Prior Credit Enhancement Percentage

22.5603%

Applicable % of Prior Credit Enhancement Percentage

8.3473%

Cumulative Realized Loss

0.00

Realized Loss Percentage

0.0000%

Applicable % (On and After Stepdown Date)

100.0000%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Current LIBOR Rate

5.081250%

Libor Rate Determination Date

05/23/2006

Next LIBOR Rate

5.322500%

Next Libor Determination Date

06/22/2006

Distribution Account Balance

0.00

Page 27 of 28

Argent Securities Inc. 2006-W2



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
June 26, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rate	CarryOver Amounts Unpaid	Carryover Amounts Paid
CLASS

	A-1	5.513%	$0.00	$0.00
		5.513%	$0.00	$0.00
	A-2A	5.403%	$0.00	$0.00
		5.403%	$0.00	$0.00
	A-2B	5.513%	$0.00	$0.00
		5.513%	$0.00	$0.00
	A-2C	5.613%	$0.00	$0.00
		5.613%	$0.00	$0.00
	M-1	5.713%	$0.00	$0.00
		5.713%	$0.00	$0.00
	M-2	5.733%	$0.00	$0.00
		5.733%	$0.00	$0.00
	M-3	5.763%	$0.00	$0.00
		5.763%	$0.00	$0.00
	M-4	5.883%	$0.00	$0.00
		5.883%	$0.00	$0.00
	M-5	5.913%	$0.00	$0.00
		5.913%	$0.00	$0.00
	M-6	6.013%	$0.00	$0.00
		6.013%	$0.00	$0.00
	M-7	6.673%	$0.00	$0.00
		6.673%	$0.00	$0.00
	M-8	7.023%	$0.00	$0.00
		7.023%	$0.00	$0.00
	M-9	7.823%	$0.00	$5,289.91
		7.823%	$0.00	$5,289.91
	M-10	7.823%	$0.00	$5,877.68
		7.823%	$0.00	$5,877.68
	CE	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	P	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	R	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	R-X	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00






Page 28 of 28

ARGENT SECURITIES INC., ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2006-W2 10-D