IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

External Parties

Table of Contents

Page

Seller

IndyMac Bank

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Collateral Report

IndyMac Bank

4. Delinquency Report

5. REO Report

Underwriter(s)

6. Foreclosure Report

Merrill Lynch

7. Prepayment Report

8. Prepayment Detail Report

9. Realized Loss Report

10. Realized Loss Detail Report

11. Triggers and Adj. Cert. Report

12. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

March 01, 2006

Jennifer Hermansader

Close Date:

March 30, 2006

Administrator

First Distribution Date:

April 25, 2006

(714) 247-6258

Jennifer.Vandyne@db.com

Address:

Distribution Date:

June 26, 2006

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

Record Date:

May 31, 2006

Factor Information:

(800) 735-7777

Main Phone Number:

(714) 247-6000

Determination Date:

June 18, 2006

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

Page 1 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Certificate Payment Report
Current Period Distribution - REMIC II
				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)
1-A-1	$	50,739,000.00	50,718,965.98	261,927.38	905,742.78	1,167,670.16	0.00	0.00	49,813,223.20
1-A-1	$	50,739,000.00	50,718,965.98	261,927.38	905,742.78	1,167,670.16	0.00	0.00	49,813,223.20
1-A-2	$	5,638,000.00	5,635,773.86	29,104.76	100,644.04	129,748.80	0.00	0.00	5,535,129.82
2-A-1	$	341,217,000.00	335,251,557.06	1,757,899.87	1,913,077.58	3,670,977.45	0.00	0.00	333,338,479.48
2-A-2	$	37,913,000.00	37,250,173.01	195,322.21	212,564.17	407,886.38	0.00	0.00	37,037,608.84
3-A-1	$	160,513,000.00	156,891,848.59	810,305.28	2,248,673.48	3,058,978.76	0.00	0.00	154,643,175.11
3-A-2	$	17,835,000.00	17,432,644.82	90,035.04	249,855.72	339,890.76	0.00	0.00	17,182,789.10
4-A-1	$	79,322,000.00	77,675,356.96	405,812.53	777,626.01	1,183,438.54	0.00	0.00	76,897,730.95
4-A-2	$	8,814,000.00	8,631,030.45	45,092.55	86,407.25	131,499.80	0.00	0.00	8,544,623.20
5-A-1	$	72,559,000.00	72,042,933.05	370,226.00	872,221.89	1,242,447.89	0.00	0.00	71,170,711.16
5-A-2	$	8,062,000.00	8,004,660.02	41,135.66	96,912.21	138,047.87	0.00	0.00	7,907,747.81
A-R	$	100.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
B-1	$	29,856,000.00	29,837,584.50	155,362.19	20,105.66	175,467.85	0.00	0.00	29,817,478.84
B-2	$	13,221,000.00	13,212,845.15	68,798.35	8,903.30	77,701.65	0.00	0.00	13,203,941.85
B-3	$	8,104,000.00	8,099,001.37	42,170.93	5,457.40	47,628.33	0.00	0.00	8,093,543.97
B-4	$	8,103,000.00	8,098,001.98	42,165.72	5,456.73	47,622.45	0.00	0.00	8,092,545.25
B-5	$	6,397,000.00	6,393,054.26	33,288.18	4,307.87	37,596.05	0.00	0.00	6,388,746.39
B-6	$	4,692,503.00	4,689,608.61	24,418.46	3,160.02	27,578.48	0.00	0.00	4,686,448.59
P-1	$	100.00	100.00	4,080.60	0.00	4,080.60	0.00	0.00	100.00
P-2	$	100.00	100.00	0.00	0.00	0.00	0.00	0.00	100.00


Total		852,985,803.00	839,865,239.67	4,377,145.71	7,511,116.11	11,888,261.82	0.00	0.00	832,354,123.56
Total





Page 2 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


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)

1-A-1	05/01/06	05/30/06	A-30/360	45661ECW2	50,739,000.00	999.605155	5.162250	17.851018	23.013267	981.754138
1-A-1	05/01/06	05/30/06	A-30/360	45661ECW2	50,739,000.00	999.605155	5.162250	17.851018	23.013267	981.754138
1-A-2	05/01/06	05/30/06	A-30/360	45661ECX0	5,638,000.00	999.605154	5.162249	17.851018	23.013267	981.754136
2-A-1	05/01/06	05/30/06	A-30/360	45661ECY8	341,217,000.00	982.517158	5.151853	5.606630	10.758483	976.910528
2-A-2	05/01/06	05/30/06	A-30/360	45661ECZ5	37,913,000.00	982.517158	5.151853	5.606630	10.758483	976.910528
3-A-1	05/01/06	05/30/06	A-30/360	45661EDA9	160,513,000.00	977.440136	5.048222	14.009292	19.057514	963.430844
3-A-2	05/01/06	05/30/06	A-30/360	45661EDB7	17,835,000.00	977.440136	5.048222	14.009292	19.057514	963.430844
4-A-1	05/01/06	05/30/06	A-30/360	45661EDC5	79,322,000.00	979.241030	5.116015	9.803409	14.919424	969.437621
4-A-2	05/01/06	05/30/06	A-30/360	45661EDD3	8,814,000.00	979.241031	5.116014	9.803409	14.919424	969.437622
5-A-1	05/01/06	05/30/06	A-30/360	45661EDE1	72,559,000.00	992.887623	5.102413	12.020864	17.123277	980.866759
5-A-2	05/01/06	05/30/06	A-30/360	45661EDF8	8,062,000.00	992.887623	5.102414	12.020865	17.123278	980.866759
A-R	05/01/06	05/30/06	A-30/360	45661EDG6	100.00	0.000000	0.000000	0.000000	0.000000	0.000000
B-1	05/01/06	05/30/06	A-30/360	45661EDH4	29,856,000.00	999.383189	5.203718	0.673421	5.877139	998.709768
B-2	05/01/06	05/30/06	A-30/360	45661EDJ0	13,221,000.00	999.383190	5.203718	0.673421	5.877139	998.709769
B-3	05/01/06	05/30/06	A-30/360	45661EDK7	8,104,000.00	999.383190	5.203718	0.673421	5.877138	998.709769
B-4	05/01/06	05/30/06	A-30/360	45661EDL5	8,103,000.00	999.383189	5.203717	0.673421	5.877138	998.709768
B-5	05/01/06	05/30/06	A-30/360	45661EDM3	6,397,000.00	999.383189	5.203717	0.673420	5.877138	998.709769
B-6	05/01/06	05/30/06	A-30/360	45661EDN1	4,692,503.00	999.383188	5.203718	0.673419	5.877136	998.709770
P-1	05/01/06	05/30/06	F-30/360	45661EDP6	100.00	1,000.000000	40,806.000000	0.000000	40,806.000000	1,000.000000
P-2	05/01/06	05/30/06	F-30/360	45661EGA6	100.00	1,000.000000	0.000000	0.000000	0.000000	1,000.000000




Page 3 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


Distribution to Date - REMIC II
									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)
1-A-1	50,739,000.00	785,946.32	892,508.40	13,566.09	925,776.80	1,711,723.12	0.00	0.00	49,813,223.20
1-A-2	5,638,000.00	87,332.53	99,173.46	1,507.43	102,870.18	190,202.71	0.00	0.00	5,535,129.82
2-A-1	341,217,000.00	5,322,193.31	1,885,124.39	129,947.51	7,878,520.52	13,200,713.83	0.00	0.00	333,338,479.48
2-A-2	37,913,000.00	591,354.82	209,458.26	14,438.61	875,391.16	1,466,745.98	0.00	0.00	37,037,608.84
3-A-1	160,513,000.00	2,461,880.03	2,215,816.68	93,195.88	5,869,824.89	8,331,704.92	0.00	0.00	154,643,175.11
3-A-2	17,835,000.00	273,545.63	246,204.92	10,355.23	652,210.90	925,756.53	0.00	0.00	17,182,789.10
4-A-1	79,322,000.00	1,231,671.41	85,144.70	38,058.78	2,424,269.05	3,655,940.46	0.00	0.00	76,897,730.95
4-A-2	8,814,000.00	136,859.28	85,144.70	4,228.97	269,376.80	406,236.08	0.00	0.00	8,544,623.20
5-A-1	72,559,000.00	1,115,899.27	859,477.30	20,622.89	1,388,288.84	2,504,188.11	0.00	0.00	71,170,711.16
5-A-2	8,062,000.00	123,987.10	95,496.16	2,291.40	154,252.19	278,239.29	0.00	0.00	7,907,747.81
A-R	100.00	0.52	0.00	1.86	100.00	100.52	0.00	0.00	0.00
B-1	29,856,000.00	466,437.73	19,811.88	587.16	38,521.16	504,958.89	0.00	0.00	29,817,478.84
B-2	13,221,000.00	206,550.55	8,773.21	260.01	17,058.15	223,608.70	0.00	0.00	13,203,941.85
B-3	8,104,000.00	126,608.11	5,377.66	159.38	10,456.03	137,064.14	0.00	0.00	8,093,543.97
B-4	8,103,000.00	126,592.48	5,377.00	159.36	10,454.75	137,047.23	0.00	0.00	8,092,545.25
B-5	6,397,000.00	99,939.79	4,244.92	125.81	8,253.61	108,193.40	0.00	0.00	6,388,746.39
B-6	4,692,503.00	73,310.57	3,113.85	92.28	6,054.41	79,364.98	0.00	0.00	4,686,448.59
P-1	100.00	4,080.60	0.00	0.00	0.00	4,080.60	0.00	0.00	100.00
P-2	100.00	9,939.76	0.00	0.00	0.00	9,939.76	0.00	0.00	100.00

Total	852,985,803.00	13,244,129.81	6,720,247.49	329,598.65	20,631,679.44	33,875,809.25	0.00	0.00	832,354,123.56


Interest Detail - REMIC II
	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)
1-A-1	6.19715%	50,718,965.98	261,927.38	0.00	0.00	0.00	261,927.38	261,927.38	0.00
1-A-2	6.19715%	5,635,773.86	29,104.76	0.00	0.00	0.00	29,104.76	29,104.76	0.00
2-A-1	6.29223%	335,251,557.06	1,757,899.87	0.00	0.00	0.00	1,757,899.87	1,757,899.87	0.00
2-A-2	6.29223%	37,250,173.01	195,322.21	0.00	0.00	0.00	195,322.21	195,322.21	0.00
3-A-1	6.19769%	156,891,848.59	810,305.28	0.00	0.00	0.00	810,305.28	810,305.28	0.00
3-A-2	6.19769%	17,432,644.82	90,035.04	0.00	0.00	0.00	90,035.04	90,035.04	0.00
4-A-1	6.26936%	77,675,356.96	405,812.53	0.00	0.00	0.00	405,812.53	405,812.53	0.00
4-A-2	6.26936%	8,631,030.45	45,092.55	0.00	0.00	0.00	45,092.55	45,092.55	0.00
5-A-1	6.16676%	72,042,933.05	370,226.00	0.00	0.00	0.00	370,226.00	370,226.00	0.00
5-A-2	6.16676%	8,004,660.02	41,135.66	0.00	0.00	0.00	41,135.66	41,135.66	0.00
A-R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
B-1	6.24831%	29,837,584.50	155,362.19	0.00	0.00	0.00	155,362.19	155,362.19	0.00
B-2	6.24831%	13,212,845.15	68,798.35	0.00	0.00	0.00	68,798.35	68,798.35	0.00
B-3	6.24831%	8,099,001.37	42,170.93	0.00	0.00	0.00	42,170.93	42,170.93	0.00
B-4	6.24831%	8,098,001.98	42,165.72	0.00	0.00	0.00	42,165.72	42,165.72	0.00
B-5	6.24831%	6,393,054.26	33,288.18	0.00	0.00	0.00	33,288.18	33,288.18	0.00
B-6	6.24831%	4,689,608.61	24,418.46	0.00	0.00	0.00	24,418.46	24,418.46	0.00
P-1	48,967.20000%	100.00	0.00	0.00	0.00	0.00	0.00	4,080.60	0.00
P-2	0.00000%	100.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		839,865,239.67	4,373,065.11	0.00	0.00	0.00	4,373,065.11	4,377,145.71	0.00



Page 4 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Collection Account Report
SUMMARY

					Group 5
Principal Collections					1,007,708.69
Principal Withrawals					0.00
Principal Other Accounts					0.00
TOTAL NET PRINCIPAL					1,007,708.69
Interest Collections					454,314.78
Interest Withdrawals					-0.00
Interest Other Accounts					0.00
Interest Fees					-5,698.92
TOTAL NET INTEREST					448,615.86
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					1,456,324.55
SUMMARY
SUMMARY

	Group 4	Group 3	Group 2	Group 1	Total
Principal Collections	865,388.64	2,500,368.37	2,130,353.31	1,007,297.11	7,511,116.12
Principal Withrawals	0.00	0.00	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00	0.00	0.00
TOTAL NET PRINCIPAL	865,388.64	2,500,368.37	2,130,353.31	1,007,297.11	7,511,116.12
Interest Collections	500,081.62	995,838.10	2,159,660.81	322,235.79	4,432,131.10
Interest Withdrawals	-0.00	-0.00	-0.00	-0.00	-0.00
Interest Other Accounts	0.00	3,683.60	397.00	0.00	4,080.60
Interest Fees	-7,785.40	-12,687.78	-27,862.89	-5,031.01	-59,066.00
TOTAL NET INTEREST	492,296.22	986,833.92	2,132,194.92	317,204.78	4,377,145.70
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	1,357,684.86	3,487,202.29	4,262,548.23	1,324,501.89	11,888,261.82






Page 5 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


PRINCIPAL - COLLECTIONS

					Group 5
Scheduled Principal					4,515.91
Curtailments					43,192.78
Prepayments In Full					500,000.00
Repurchased/Substitutions					460,000.00
Liquidations					0.00
Insurance Principal					0.00
Other Additional Principal					0.00
Delinquent Principal					-3,286.06
Realized Losses					-0.00
Advanced Principal					3,286.06
TOTAL PRINCIPAL COLLECTED					1,007,708.69

PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS

	Group 4	Group 3	Group 2	Group 1	Total
Scheduled Principal	16,120.54	21,835.26	56,245.49	11,032.50	109,749.70
Curtailments	36,351.44	207,533.11	29,084.80	1,264.61	317,426.74
Prepayments In Full	812,916.66	2,271,000.00	2,045,023.02	995,000.00	6,623,939.68
Repurchased/Substitutions	0.00	0.00	0.00	0.00	460,000.00
Liquidations	0.00	0.00	0.00	0.00	0.00
Insurance Principal	0.00	0.00	0.00	0.00	0.00
Other Additional Principal	0.00	0.00	0.00	0.00	0.00
Delinquent Principal	-13,163.47	-16,931.05	-45,404.93	-9,037.39	-87,822.90
Realized Losses	-0.00	-0.00	-0.00	-0.00	-0.00
Advanced Principal	13,163.47	16,931.05	45,404.93	9,037.39	87,822.90
TOTAL PRINCIPAL COLLECTED	865,388.64	2,500,368.37	2,130,353.31	1,007,297.11	7,511,116.12




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK






Page 6 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


PRINCIPAL - OTHER ACCOUNTS

					Group 5
TOTAL PRINCIPAL OTHER ACCOUNTS					0.00

PRINCIPAL - OTHER ACCOUNTS

	Group 4	Group 3	Group 2	Group 1	Total
TOTAL PRINCIPAL OTHER ACCOUNTS	0.00	0.00	0.00	0.00	0.00




INTEREST - COLLECTIONS

					Group 5
Scheduled Interest					473,660.86
Repurchased/Substitution Interest					2,635.42
Liquidation Interest					0.00
Insurance Interest					0.00
Other Additional Interest					0.00
Prepayment Interest Shortfalls					-0.00
Delinquent Interest					-384,456.54
Compensating Interest					0.00
Civil Relief Act Shortfalls					-0.00
Interest Advanced					362,475.05
TOTAL INTEREST COLLECTED					454,314.78
INTEREST - COLLECTIONS
INTEREST - COLLECTIONS

	Group 4	Group 3	Group 2	Group 1	Total
Scheduled Interest	522,174.65	1,043,509.74	2,260,710.74	336,680.91	4,636,736.90
Repurchased/Substitution Interest	0.00	0.00	0.00	0.00	2,635.42
Liquidation Interest	0.00	0.00	0.00	0.00	0.00
Insurance Interest	0.00	0.00	0.00	0.00	0.00
Other Additional Interest	0.00	0.00	0.00	0.00	0.00
Prepayment Interest Shortfalls	-1,172.73	-2,398.18	-699.78	-0.00	-4,270.69
Delinquent Interest	-393,834.50	-836,579.08	-1,800,022.00	-253,458.03	-3,668,350.15
Compensating Interest	1,172.73	2,398.18	699.78	0.00	4,270.69
Civil Relief Act Shortfalls	-0.00	-0.00	-0.00	-0.00	-0.00
Interest Advanced	371,741.47	788,907.44	1,698,972.07	239,012.91	3,461,108.94
TOTAL INTEREST COLLECTED	500,081.62	995,838.10	2,159,660.81	322,235.79	4,432,131.10






Page 7 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


INTEREST - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
					Group 5
	Hard Prepayment Charges				0.00
	Soft Prepayment Charges				0.00
	TOTAL INTEREST OTHER ACCOUNTS				0.00

INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
	Group 4	Group 3	Group 2	Group 1	Total
	Hard Prepayment Charges	3,683.60	397.00	0.00	4,080.60
	0.00	3,683.60	397.00	0.00	4,080.60
	Soft Prepayment Charges	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00
	TOTAL INTEREST OTHER ACCOUNTS	3,683.60	397.00	0.00	4,080.60
	0.00	3,683.60	397.00	0.00	4,080.60






Page 8 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


INTEREST FEES
INTEREST FEES
					Group 5
	Current Servicing Fees				5,298.81
	Trustee Fees				400.11
	TOTAL INTEREST FEES				5,698.92

INTEREST FEES
INTEREST FEES
	Group 4	Group 3	Group 2	Group 1	Total
	Current Servicing Fees	11,815.31	25,999.50	4,749.48	55,216.61
	7,353.52	11,815.31	25,999.50	4,749.48	55,216.61
	Trustee Fees	872.48	1,863.39	281.52	3,849.38
	431.88	872.48	1,863.39	281.52	3,849.38
	TOTAL INTEREST FEES	12,687.78	27,862.89	5,031.01	59,066.00
	7,785.40	12,687.78	27,862.89	5,031.01	59,066.00



Page 9 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Collateral Report


COLLATERAL




						Group 5



Loan Count:


Original					154
Prior					153
Prefunding					0
Scheduled Paid Offs					-0
Full Voluntary Prepayments					-1
Repurchases					-1
Liquidations					-0
Current					151
Principal Balance:


Original					87,871,102.71
Prior					87,296,955.19
Prefunding					0.00
Scheduled Principal					-4,515.91
Partial Prepayments					-43,192.78
Full Voluntary Prepayments					-500,000.00
Repurchases					-460,000.00
Liquidations					-0.00
Current					86,289,246.50

		Group 4	Group 3	Group 2	Group 1	Total



Loan Count:


Original	382	354	1,751	198	2,839
Prior	375	347	1,725	198	2,798
Prefunding	0	0	0	0	0
Scheduled Paid Offs	-0	-0	-0	-0	-0
Full Voluntary Prepayments	-4	-5	-9	-1	-20
Repurchases	-0	-0	-0	-0	-1
Liquidations	-0	-0	-0	-0	-0
Current	371	342	1,716	197	2,777
Principal Balance:


Original	96,061,235.15	194,385,317.46	413,221,033.59	61,446,914.39	852,985,603.30
Prior	94,228,941.36	190,358,217.37	406,558,179.74	61,422,746.30	839,865,039.96
Prefunding	0.00	0.00	0.00	0.00	0.00
Scheduled Principal	-16,120.54	-21,835.26	-56,245.49	-11,032.50	-109,749.70
Partial Prepayments	-36,351.44	-207,533.11	-29,084.80	-1,264.61	-317,426.74
Full Voluntary Prepayments	-812,916.66	-2,271,000.00	-2,045,023.02	-995,000.00	-6,623,939.68
Repurchases	-0.00	-0.00	-0.00	-0.00	-460,000.00
Liquidations	-0.00	-0.00	-0.00	-0.00	-0.00
Current	93,363,552.72	187,857,849.00	404,427,826.43	60,415,449.19	832,353,923.84







Page 10 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 11 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

					Group 5
Weighted Average Coupon Original					6.54688%
Weighted Average Coupon Prior					6.54691%
Weighted Average Coupon Current					6.54726%
Weighted Average Months to Maturity Original					358
Weighted Average Months to Maturity Prior					357
Weighted Average Months to Maturity Current					356
Weighted Avg Remaining Amortization Term Original					361
Weighted Avg Remaining Amortization Term Prior					361
Weighted Avg Remaining Amortization Term Current					360
Weighted Average Seasoning Original					1.62
Weighted Average Seasoning Prior					2.63
Weighted Average Seasoning Current					3.62
CHARACTERISTICS
CHARACTERISTICS

	Group 4	Group 3	Group 2	Group 1	Total
Weighted Average Coupon Original	6.64567%	6.58638%	6.68002%	6.57761%	6.63372%
Weighted Average Coupon Prior	6.64714%	6.58124%	6.67674%	6.57763%	6.63103%
Weighted Average Coupon Current	6.64986%	6.57819%	6.67273%	6.57765%	6.62874%
Weighted Average Months to Maturity Original	358	358	358	358	358
Weighted Average Months to Maturity Prior	357	357	357	357	357
Weighted Average Months to Maturity Current	356	356	356	356	356
Weighted Avg Remaining Amortization Term Original	364	359	361	364	361
Weighted Avg Remaining Amortization Term Prior	363	358	360	363	360
Weighted Avg Remaining Amortization Term Current	362	357	359	362	359
Weighted Average Seasoning Original	1.60	1.97	2.09	2.38	1.98
Weighted Average Seasoning Prior	2.59	2.96	3.09	3.38	2.98
Weighted Average Seasoning Current	3.58	3.95	4.09	4.37	3.97

Page 12 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Page 13 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

					Group 5
Weighted Average Margin Original					2.67015%
Weighted Average Margin Prior					2.67016%
Weighted Average Margin Current					2.66965%
Weighted Average Max Rate Original					11.73559%
Weighted Average Max Rate Prior					11.73561%
Weighted Average Max Rate Current					11.73716%
Weighted Average Min Rate Original					0.91540%
Weighted Average Min Rate Prior					0.91542%
Weighted Average Min Rate Current					0.92130%
Weighted Average Cap Up Original					1.93456%
Weighted Average Cap Up Prior					1.93456%
Weighted Average Cap Up Current					1.93413%
Weighted Average Cap Down Original					1.93456%
Weighted Average Cap Down Prior					1.93456%
Weighted Average Cap Down Current					1.93413%
ARM CHARACTERISTICS
ARM CHARACTERISTICS

	Group 4	Group 3	Group 2	Group 1	Total
Weighted Average Margin Original	2.71451%	2.70089%	2.87493%	2.91460%	2.79896%
Weighted Average Margin Prior	2.71432%	2.70332%	2.87885%	2.91456%	2.80131%
Weighted Average Margin Current	2.71848%	2.70595%	2.88186%	2.91452%	2.80399%
Weighted Average Max Rate Original	11.77349%	11.92351%	12.11886%	12.37071%	12.01411%
Weighted Average Max Rate Prior	11.77564%	11.91827%	12.11739%	12.37070%	12.01233%
Weighted Average Max Rate Current	11.77499%	11.91657%	12.11255%	12.37068%	12.01012%
Weighted Average Min Rate Original	1.55457%	1.10997%	1.61424%	1.65685%	1.42368%
Weighted Average Min Rate Prior	1.55703%	1.11970%	1.61534%	1.65683%	1.42643%
Weighted Average Min Rate Current	1.57405%	1.12596%	1.61938%	1.65686%	1.43264%
Weighted Average Cap Up Original	1.92753%	1.79289%	1.61237%	1.49632%	1.71383%
Weighted Average Cap Up Prior	1.92714%	1.79411%	1.61251%	1.49630%	1.71428%
Weighted Average Cap Up Current	1.92615%	1.79481%	1.61268%	1.49628%	1.71403%
Weighted Average Cap Down Original	1.92753%	1.79289%	1.61237%	1.49632%	1.71383%
Weighted Average Cap Down Prior	1.92714%	1.79411%	1.61251%	1.49630%	1.71428%
Weighted Average Cap Down Current	1.92615%	1.79481%	1.61268%	1.49628%	1.71403%





Page 14 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

					Group 5




Current Servicing Fees					5,298.81
Delinquent Servicing Fees					21,981.49
TOTAL SERVICING FEES					27,280.30


Total Servicing Fees					27,280.30
Compensating Interest					-0.00
Delinquent Servicing Fees					-21,981.49
COLLECTED SERVICING FEES					5,298.81


Total Advanced Interest					362,475.05
Total Advanced Principal					3,286.06
Aggregate Advances with respect to this Distribution					365,761.11

SERVICING FEES & ADVANCES



	Group 4	Group 3	Group 2	Group 1	Total




Current Servicing Fees	7,353.52	11,815.31	25,999.50	4,749.48	55,216.61
Delinquent Servicing Fees	22,093.02	47,671.64	101,049.93	14,445.12	207,241.20
TOTAL SERVICING FEES	29,446.55	59,486.94	127,049.44	19,194.61	262,457.84


Total Servicing Fees	29,446.55	59,486.94	127,049.44	19,194.61	262,457.84
Compensating Interest	-1,172.73	-2,398.18	-699.78	-0.00	-4,270.69
Delinquent Servicing Fees	-22,093.02	-47,671.64	-101,049.93	-14,445.12	-207,241.20
COLLECTED SERVICING FEES	6,180.80	9,417.12	25,299.72	4,749.49	50,945.93


Total Advanced Interest	371,741.47	788,907.44	1,698,972.07	239,012.91	3,461,108.94
Total Advanced Principal	13,163.47	16,931.05	45,404.93	9,037.39	87,822.90
Aggregate Advances with respect to this Distribution	384,904.94	805,838.49	1,744,377.00	248,050.30	3,548,931.84







Page 15 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
					Group 5
	Prepayment Interest Shortfall (PPIS)				0.00
	Compensating Interest				0.00
	Net Prepayment Interest Shortfall (PPIS)				0.00
	Weighted Average Net Mortgage Rate				6.166756%

ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
	Group 4	Group 3	Group 2	Group 1	Total
	Prepayment Interest Shortfall (PPIS)	2,398.18	699.78	0.00	4,270.69
	1,172.73	2,398.18	699.78	0.00	4,270.69
	Compensating Interest	(2,398.18)	(699.78)	0.00	(4,270.69)
	(1,172.73)	(2,398.18)	(699.78)	0.00	(4,270.69)
	Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00
	Weighted Average Net Mortgage Rate	6.197686%	6.292230%	6.197146%	6.248240%
	6.269363%	6.197686%	6.292230%	6.197146%	6.248240%






Page 16 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		25,187,642.94	8,968,160.90	761,728.58	34,917,532.42
	% Balance		3.03%	1.08%	0.09%	4.20%
	# Loans		94	21	4	119
	% # Loans		3.38%	0.76%	0.14%	4.29%
FORECLOSURE	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
REO	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL	Balance	0.00	25,187,642.94	8,968,160.90	761,728.58	34,917,532.42
	% Balance	0.00%	3.03%	1.08%	0.09%	4.20%
	# Loans	0	94	21	4	119
	% # Loans	0.00%	3.38%	0.76%	0.14%	4.29%

Page 17 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

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

Page 18 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Foreclosure Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 19 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



						Group 5


Current


Number of Paid in Full Loans					1
Number of Repurchased Loans					1
Total Number of Loans Prepaid in Full					2
Curtailments Amount					43,192.78
Paid in Full Balance					500,000.00
Repurchased Loans Balance					460,000.00
Total Prepayment Amount					1,003,192.78
Cumulative


Number of Paid in Full Loans					2
Number of Repurchased Loans					1
Total Number of Loans Prepaid in Full					3
Paid in Full Balance					1,062,000.00
Repurchased Loans Balance					460,000.00
Curtailments Amount					46,364.62
Total Prepayment Amount					1,568,364.62


VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

		Group 4	Group 3	Group 2	Group 1	Total


Current


Number of Paid in Full Loans	4	5	9	1	20
Number of Repurchased Loans	0	0	0	0	1
Total Number of Loans Prepaid in Full	4	5	9	1	21
Curtailments Amount	36,351.44	207,533.11	29,084.80	1,264.61	317,426.74
Paid in Full Balance	812,916.66	2,271,000.00	2,045,023.02	995,000.00	6,623,939.68
Repurchased Loans Balance	0.00	0.00	0.00	0.00	460,000.00
Total Prepayment Amount	849,268.10	2,478,533.11	2,074,107.82	996,264.61	7,401,366.42
Cumulative


Number of Paid in Full Loans	11	12	34	1	60
Number of Repurchased Loans	0	0	1	0	2
Total Number of Loans Prepaid in Full	11	12	35	1	62
Paid in Full Balance	2,635,928.76	6,255,097.00	8,153,085.20	995,000.00	19,101,110.96
Repurchased Loans Balance	0.00	0.00	302,850.00	0.00	762,850.00
Curtailments Amount	13,222.44	207,170.28	167,842.46	3,520.06	438,119.86
Total Prepayment Amount	2,649,151.20	6,462,267.28	8,623,777.66	998,520.06	20,302,080.82








Page 20 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Page 21 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



						Group 5





SMM					1.15%
3 Months Avg SMM					0.60%
12 Months Avg SMM					0.60%
Avg SMM Since Cut-off					0.60%



CPR					12.95%
3 Months Avg CPR					6.95%
12 Months Avg CPR					6.95%
Avg CPR Since Cut-off					6.95%



PSA					1,787.63%
3 Months Avg PSA Approximation					1,324.66%
12 Months Avg PSA Approximation					1,324.66%
Avg PSA Since Cut-off Approximation					1,324.66%

VOLUNTARY PREPAYMENTS RATES



		Group 4	Group 3	Group 2	Group 1	Total





SMM	0.90%	1.30%	0.51%	1.62%	0.88%
3 Months Avg SMM	0.93%	1.12%	0.70%	0.54%	0.80%
12 Months Avg SMM	0.93%	1.12%	0.70%	0.54%	0.80%
Avg SMM Since Cut-off	0.93%	1.12%	0.70%	0.54%	0.80%



CPR	10.30%	14.55%	5.95%	17.82%	10.08%
3 Months Avg CPR	10.59%	12.65%	8.09%	6.35%	9.19%
12 Months Avg CPR	10.59%	12.65%	8.09%	6.35%	9.19%
Avg CPR Since Cut-off	10.59%	12.65%	8.09%	6.35%	9.19%



PSA	1,437.43%	1,841.74%	727.57%	2,040.67%	1,268.04%
3 Months Avg PSA Approximation	2,043.30%	2,136.25%	1,308.67%	940.72%	1,542.81%
12 Months Avg PSA Approximation	2,043.30%	2,136.25%	1,308.67%	940.72%	1,542.81%
Avg PSA Since Cut-off Approximation	2,043.30%	2,136.25%	1,308.67%	940.72%	1,542.80%







Page 22 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Page 23 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

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 24 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
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

122151146 4		280,105.00	280,105.00	19-May-2006	6.625%	NY - 74.89%	Paid Off - 360	01-Mar-2006
122151146 4		280,105.00	280,105.00	19-May-2006	6.625%	NY - 74.89%	Paid Off - 360	01-Mar-2006
122258368 1		995,000.00	995,000.00	31-May-2006	6.500%	CA - 64.19%	Paid Off - 360	01-Feb-2006
122407316 2		272,000.00	271,999.67	08-Jun-2006	7.375%	CA - 76.19%	Paid Off - 360	01-Feb-2006
122413401 2		236,400.00	236,328.59	05-Jun-2006	7.250%	OR - 80.00%	Paid Off - 360	01-Feb-2006
122415120 3		432,000.00	432,000.00	16-May-2006	7.500%	FL - 80.00%	Paid Off - 360	01-Nov-2005
122415136 3		455,000.00	455,000.00	01-Jun-2006	7.250%	MD - 65.00%	Paid Off - 360	01-Feb-2006
122416564 5		500,000.00	500,000.00	05-Jun-2006	6.750%	CA - 78.13%	Paid Off - 360	01-Mar-2006
122418935 2		145,500.00	145,500.00	01-Jun-2006	8.125%	FL - 74.85%	Paid Off - 360	01-Mar-2006
122418963 2		120,436.00	120,436.00	23-May-2006	7.500%	GA - 80.00%	Paid Off - 360	01-Apr-2006
122445650 3		424,000.00	424,000.00	24-May-2006	7.500%	NV - 80.00%	Paid Off - 360	01-Dec-2005
122622922 4		138,900.00	138,895.38	31-May-2006	6.500%	AR - 90.20%	Paid Off - 360	01-Feb-2006
122687736 4		237,650.00	237,650.00	17-May-2006	6.750%	NJ - 42.06%	Paid Off - 360	01-Mar-2006
122728927 2		388,000.00	387,659.28	15-Jun-2006	6.500%	IL - 80.00%	Paid Off - 360	01-Apr-2006
122729156 2		255,000.00	255,000.00	07-Jun-2006	7.125%	NY - 70.83%	Paid Off - 360	01-Apr-2006
122734147 2		39,700.00	39,700.00	22-May-2006	7.750%	MI - 79.88%	Paid Off - 360	01-Apr-2006
122737567 4		156,600.00	156,266.28	07-Jun-2006	7.750%	MI - 90.00%	Paid Off - 360	01-Mar-2006
122783884 2		366,000.00	365,999.48	24-May-2006	6.500%	NY - 61.00%	Paid Off - 360	01-Apr-2006
122794007 2		222,400.00	222,400.00	08-Jun-2006	7.625%	MO - 80.00%	Paid Off - 360	01-Apr-2006
122806059 3		452,800.00	452,800.00	25-May-2006	7.375%	VA - 79.99%	Paid Off - 360	01-Apr-2006
123039076 3		507,200.00	507,200.00	09-Jun-2006	7.625%	CA - 80.00%	Paid Off - 360	01-May-2006
122571894 5		460,000.00	460,000.00	01-Jan-1900	6.875%	OR - 79.31%	Repur/Subs - 360	01-Mar-2006


TOTAL	7,084,691.00	7,083,939.68

Page 25 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



							Group 5


Current





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



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





	Fraud Loss Coverage Amt
	Current Fraud Losses
	Special Hazard Loss Coverage Amt
	Current Special Hazard Losses
	Bankruptcy Loss Coverage Amt
	Current Bankruptcy Losses

COLLATERAL REALIZED LOSSES



			Group 4	Group 3	Group 2	Group 1	Total


Current





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



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





	Fraud Loss Coverage Amt						25,589,568.00
	Current Fraud Losses						0.00
	Special Hazard Loss Coverage Amt						8,398,650.40
	Current Special Hazard Losses						0.00
	Bankruptcy Loss Coverage Amt						382,014.00
	Current Bankruptcy Losses						0.00






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IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

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IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


DEFAULT SPEEDS

					Group 5



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


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


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


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

DEFAULT SPEEDS
DEFAULT SPEEDS

	Group 4	Group 3	Group 2	Group 1	Total



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


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


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


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







Page 28 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Page 29 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

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 30 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

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 31 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 5

Has Optional Termination Date Reached (0=No,1=Yes)

Has Sr. Stepdown Conditions Occurred (0=No,1=Yes)

Has Sr. Credit Supp. Depletion Date Occured

Has Spl. Haz. Cov. Term. Date Occured (0=No,1=Yes)

Has Fraud Loss Coverage Term. Date Occured

Has Bankrpt Loss Cov. Term. Date Occured

TRIGGER EVENTS

Group 4

Group 3

Group 2

Group 1

Total

Has Optional Termination Date Reached (0=No,1=Yes)

Has Sr. Stepdown Conditions Occurred (0=No,1=Yes)

Yes

Has Sr. Credit Supp. Depletion Date Occured

Has Spl. Haz. Cov. Term. Date Occured (0=No,1=Yes)

Has Fraud Loss Coverage Term. Date Occured

Has Bankrpt Loss Cov. Term. Date Occured

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

Page 32 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
					Group 5
Current Senior Percentage					91.695745%
Current Subordinate Percentage					8.304255%
Senior Prepayment Percentage					100.000000%
Subordinate Prepayment Percentage					0.000000%

ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
	Group 4	Group 3	Group 2	Group 1	Total
Current Senior Percentage	91.592229%	91.577078%	91.623229%	91.748975%	91.626024%
Current Subordinate Percentage	8.407771%	8.422922%	8.376771%	8.251025%	8.373976%
Senior Prepayment Percentage	100.000000%	100.000000%	100.000000%	100.000000%	93.297656%
Subordinate Prepayment Percentage	0.000000%	0.000000%	0.000000%	0.000000%	6.702344%



Page 33 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Other Related Information

ADDITIONAL INFORMATION

Group 5

Sched. Payments for 60+Day Delinquent Loans

0.00

Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior

0.00

Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior

0.00

Page 34 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
	Group 4	Group 3	Group 2	Group 1	Total


Sched. Payments for 60+Day Delinquent Loans	1,227.47	15,900.10	24,209.67	1,426.73	58,091.12
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior	1,227.47	15,086.35	23,491.42	2,310.94	42,116.19
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior	0.00	0.00	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior	0.00	0.00	0.00	0.00	0.00








Page 35 of 35

IndyMac INDX Mortgage Loan Trust 2006-AR7 10-D