New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

External Parties

Table of Contents

Page

Seller

New Century Credit Corp.

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

New Century Mortgage Corporation

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Goldman Sachs & Co.

7. Foreclosure Report

8. Prepayment Report

Swap Counterparty

9. Prepayment Detail Report

Bear Stearns Fin. Products.Inc

10. Realized Loss Report

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

Total Number of Pages

Dates

Contacts

Cut-Off Date:

February 01, 2006

Radha Nilakantan

Close Date:

February 27, 2006

Administrator

First Distribution Date:

March 27, 2006

(714) 247-6319

Radha.Nilakantan@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

June 23, 2006

Main Phone Number:

(714) 247-6000

Determination Date:

June 15, 2006

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

Page 1 of 24

New Century Home Equity Loan Trust 2006-S1



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

Certificate Payment Report
Current Period Distribution - REMIC I
				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	$	90,000,000.00	85,815,357.01	400,567.02	1,855,862.42	2,256,429.44	0.00	0.00	83,959,494.59
A-1	SR	$	90,000,000.00	85,815,357.01	400,567.02	1,855,862.42	2,256,429.44	0.00	0.00	83,959,494.59
A-2a	SR	$	77,281,000.00	72,147,744.95	332,280.45	2,276,565.81	2,608,846.26	0.00	0.00	69,871,179.14
A-2b	SR	$	33,121,000.00	33,121,000.00	155,484.69	0.00	155,484.69	0.00	0.00	33,121,000.00
M-1	MEZ, FLT	$	37,048,000.00	37,048,000.00	181,164.72	0.00	181,164.72	0.00	0.00	37,048,000.00
M-2	MEZ, FLT	$	22,510,000.00	22,510,000.00	113,675.50	0.00	113,675.50	0.00	0.00	22,510,000.00
M-3	MEZ, FLT	$	5,784,000.00	5,784,000.00	29,723.33	0.00	29,723.33	0.00	0.00	5,784,000.00
M-4	MEZ, FLT	$	6,253,000.00	6,253,000.00	35,301.66	0.00	35,301.66	0.00	0.00	6,253,000.00
M-5	MEZ, FLT	$	5,628,000.00	5,628,000.00	32,673.67	0.00	32,673.67	0.00	0.00	5,628,000.00
M-6	MEZ, FLT	$	4,220,000.00	4,220,000.00	28,438.11	0.00	28,438.11	0.00	0.00	4,220,000.00
M-7	MEZ	$	5,628,000.00	5,628,000.00	30,485.00	0.00	30,485.00	0.00	0.00	5,628,000.00
M-8	MEZ	$	4,064,000.00	4,064,000.00	22,013.33	0.00	22,013.33	0.00	0.00	4,064,000.00
TRUST	RES	$	0.00	0.00	1,283,865.77	0.00	1,283,865.77	0.00	0.00	0.00



Total		291,537,000.00	282,219,101.96	2,645,673.25	4,132,428.23	6,778,101.48	0.00	0.00	278,086,673.73
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	64352VQC8	90,000,000.00	953.503967	4.450745	20.620694	25.071438	932.883273
A-1	05/25/06	06/25/06	A-Act/360	64352VQC8	90,000,000.00	953.503967	4.450745	20.620694	25.071438	932.883273
A-2a	05/25/06	06/25/06	A-Act/360	64352VQM6	77,281,000.00	933.576752	4.299640	29.458286	33.757926	904.118466
A-2b	05/25/06	06/25/06	A-Act/360	64352VQN4	33,121,000.00	1,000.000000	4.694444	0.000000	4.694444	1,000.000000
M-1	05/25/06	06/25/06	A-Act/360	64352VQD6	37,048,000.00	1,000.000000	4.890000	0.000000	4.890000	1,000.000000
M-2	05/25/06	06/25/06	A-Act/360	64352VQE4	22,510,000.00	1,000.000000	5.050000	0.000000	5.050000	1,000.000000
M-3	05/25/06	06/25/06	A-Act/360	64352VQF1	5,784,000.00	1,000.000000	5.138888	0.000000	5.138888	1,000.000000
M-4	05/25/06	06/25/06	A-Act/360	64352VQG9	6,253,000.00	1,000.000000	5.645556	0.000000	5.645556	1,000.000000
M-5	05/25/06	06/25/06	A-Act/360	64352VQH7	5,628,000.00	1,000.000000	5.805556	0.000000	5.805556	1,000.000000
M-6	05/25/06	06/25/06	A-Act/360	64352VQJ3	4,220,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
M-7	05/01/06	05/30/06	F-30/360	64352VQK0	5,628,000.00	1,000.000000	5.416667	0.000000	5.416667	1,000.000000
M-8	05/01/06	05/30/06	F-30/360	64352VQL8	4,064,000.00	1,000.000000	5.416666	0.000000	5.416666	1,000.000000
TRUST	05/01/06	05/30/06	A-30/360	NC06S1101	0.00	0.000000	0.000000	0.000000	0.000000	0.000000





Page 2 of 24

New Century Home Equity Loan Trust 2006-S1



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


Distribution to Date - REMIC I
									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	90,000,000.00	1,465,980.37	5,830,185.56	210,319.85	6,040,505.41	7,506,485.78	0.00	0.00	83,959,494.59
A-2a	77,281,000.00	1,229,322.77	7,151,823.83	257,997.03	7,409,820.86	8,639,143.63	0.00	0.00	69,871,179.14
A-2b	33,121,000.00	554,928.38	0.00	0.00	0.00	554,928.38	0.00	0.00	33,121,000.00
M-1	37,048,000.00	647,665.74	0.00	0.00	0.00	647,665.74	0.00	0.00	37,048,000.00
M-2	22,510,000.00	406,908.77	0.00	0.00	0.00	406,908.77	0.00	0.00	22,510,000.00
M-3	5,784,000.00	106,468.14	0.00	0.00	0.00	106,468.14	0.00	0.00	5,784,000.00
M-4	6,253,000.00	126,882.89	0.00	0.00	0.00	126,882.89	0.00	0.00	6,253,000.00
M-5	5,628,000.00	117,549.35	0.00	0.00	0.00	117,549.35	0.00	0.00	5,628,000.00
M-6	4,220,000.00	102,788.04	0.00	0.00	0.00	102,788.04	0.00	0.00	4,220,000.00
M-7	5,628,000.00	121,940.00	0.00	0.00	0.00	121,940.00	0.00	0.00	5,628,000.00
M-8	4,064,000.00	88,053.32	0.00	0.00	0.00	88,053.32	0.00	0.00	4,064,000.00
TRUST	0.00	5,804,938.47	0.00	0.00	0.00	5,804,938.47	0.00	0.00	0.00



Total	291,537,000.00	10,773,426.24	12,982,009.39	468,316.88	13,450,326.27	24,223,752.51	0.00	0.00	278,086,673.73


Interest Detail - REMIC I
	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	5.25125%	85,815,357.01	400,567.02	0.00	0.00	0.00	400,567.02	400,567.02	0.00
A-2a	5.18125%	72,147,744.95	332,280.45	0.00	0.00	0.00	332,280.45	332,280.45	0.00
A-2b	5.28125%	33,121,000.00	155,484.69	0.00	0.00	0.00	155,484.69	155,484.69	0.00
M-1	5.50125%	37,048,000.00	181,164.72	0.00	0.00	0.00	181,164.72	181,164.72	0.00
M-2	5.68125%	22,510,000.00	113,675.50	0.00	0.00	0.00	113,675.50	113,675.50	0.00
M-3	5.78125%	5,784,000.00	29,723.33	0.00	0.00	0.00	29,723.33	29,723.33	0.00
M-4	6.35125%	6,253,000.00	35,301.66	0.00	0.00	0.00	35,301.66	35,301.66	0.00
M-5	6.53125%	5,628,000.00	32,673.67	0.00	0.00	0.00	32,673.67	32,673.67	0.00
M-6	7.58125%	4,220,000.00	28,438.11	0.00	0.00	0.00	28,438.11	28,438.11	0.00
M-7	6.50000%	5,628,000.00	30,485.00	0.00	0.00	0.00	30,485.00	30,485.00	0.00
M-8	6.50000%	4,064,000.00	22,013.33	0.00	0.00	0.00	22,013.33	22,013.33	0.00
TRUST	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	1,283,865.77	0.00



Total		282,219,101.96	1,361,807.48	0.00	0.00	0.00	1,361,807.48	2,645,673.25	0.00



Page 3 of 24

New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

3,948,797.85

Principal Withdrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

3,948,797.85

Interest Collections

2,703,595.85

Interest Withdrawals

-0.00

Interest Fees

-21,092.98

Interest Other Accounts

146,800.76

TOTAL NET INTEREST

2,829,303.63

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

6,778,101.48

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

116,940.22

Curtailments

86,372.52

Prepayments In Full

3,709,481.46

Repurchased/Substitutions

0.00

Liquidations

219,634.03

Insurance Principal

0.00

Other Additional Principal

0.00

Delinquent Principal

-99,782.81

Realized Losses

-183,630.38

Advanced Principal

99,782.81

TOTAL PRINCIPAL COLLECTED

3,948,797.85

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

Total

TOTAL PRINCIPAL OTHER ACCOUNTS

0.00

Page 4 of 24

New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

INTEREST - COLLECTIONS

Total

Scheduled Interest

2,809,130.87

Repurchased/Substitution Interest

0.00

Liquidation Interest

1,980.69

Insurance Interest

0.00

Other Additional Interest

0.00

Prepayment Interest Shortfalls

-15,011.63

Delinquent Interest

-2,397,886.79

Compensating Interest

15,011.63

Civil Relief Act Shortfalls

-0.00

Interest Realized Loss

0.00

Interest Advanced

2,290,371.09

TOTAL INTEREST COLLECTED

2,703,595.85

INTEREST - WITHDRAWALS

Total

Non Recoverable Advances

0.00

Extraordinary Trust Fund Expenses

0.00

TOTAL INTEREST WITHDRAWALS

0.00

INTEREST - OTHER ACCOUNTS

Total

Prepayment Charges

46,813.43

Net Swap Payment

99,987.33

. a) Floating Amount

0.00

. b) Fixed Amount

0.00

Swap Termination Payment

0.00

TOTAL INTEREST OTHER ACCOUNTS

146,800.76

INTEREST FEES

Total

Current Servicing Fees

18,868.62

Trustee Fees

2,224.36

Owner Trustee Fee

0.00

TOTAL INTEREST FEES

21,092.98

Page 5 of 24

New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Total

Overcollateralization Target Amount

21,103,259.99

Overcollateralized Amount (Begining)

21,103,259.99

Overcollateralization Deficiency Amount

0.00

Overcollateralization Release Amount

0.00

Overcollateralized Amount - Ending

21,103,259.99

Overcollateralization Deficiency(Ending)

0.00

Overcollateralization Excess Amount

0.00

Net Monthly Excess Cashflow

1,467,496.15

Page 6 of 24

New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Collateral Report

COLLATERAL

Total

Loan Count:

Original

5,213

Prior

5,090

Prefunding

Scheduled Paid Offs

-0

Full Voluntary Prepayments

-51

Repurchases

-0

Liquidations

-3

Current

5,036

Principal Balance:

Original

312,640,888.74

Prior

303,322,361.95

Prefunding

0.00

Scheduled Principal

-116,940.22

Partial Prepayments

-86,372.52

Full Voluntary Prepayments

-3,709,481.46

Repurchases

-0.00

Liquidations

-219,634.03

Current

299,189,933.72

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 24

New Century Home Equity Loan Trust 2006-S1



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


CHARACTERISTICS
CHARACTERISTICS

							Total
Weighted Average Coupon Original							11.13579%
Weighted Average Coupon Prior							11.12793%
Weighted Average Coupon Current							11.12128%
Weighted Average Months to Maturity Original							356
Weighted Average Months to Maturity Prior							353
Weighted Average Months to Maturity Current							352
Weighted Avg Remaining Amortization Term Original							356
Weighted Avg Remaining Amortization Term Prior							353
Weighted Avg Remaining Amortization Term Current							352
Weighted Average Seasoning Original							2.37
Weighted Average Seasoning Prior							4.37
Weighted Average Seasoning Current							5.37

Page 8 of 24

New Century Home Equity Loan Trust 2006-S1



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


ARM CHARACTERISTICS
ARM CHARACTERISTICS

		Total
Weighted Average Margin Original		0.00000%
Weighted Average Margin Prior		0.00000%
Weighted Average Margin Current		0.00000%
Weighted Average Max Rate Original		0.00000%
Weighted Average Max Rate Prior		0.00000%
Weighted Average Max Rate Current		0.00000%
Weighted Average Min Rate Original		0.00000%
Weighted Average Min Rate Prior		0.00000%
Weighted Average Min Rate Current		0.00000%
Weighted Average Cap Up Original		0.00000%
Weighted Average Cap Up Prior		0.00000%
Weighted Average Cap Up Current		0.00000%
Weighted Average Cap Down Original		0.00000%
Weighted Average Cap Down Prior		0.00000%
Weighted Average Cap Down Current		0.00000%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

		Total




Current Servicing Fees		18,868.62
Delinquent Servicing Fees		107,515.70
TOTAL SERVICING FEES		126,384.33


Total Servicing Fees		126,384.33
Compensating Interest		-15,011.63
Delinquent Servicing Fees		-107,515.70
COLLECTED SERVICING FEES		3,856.99


Total Advanced Interest		2,290,371.09
Total Advanced Principal		99,782.81






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Total
	Prepayment Interest Shortfall (PPIS)	15,011.63
	Compensating Interest	(15,011.63)
	Net Prepayment Interest Shortfall (PPIS)	0.00


	Ending Pool Stated Principal Balance	299,189,933.72





Page 9 of 24

New Century Home Equity Loan Trust 2006-S1



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		6,518,479.77	3,759,204.73	4,860,334.00	15,138,018.50
	% Balance		2.18%	1.26%	1.62%	5.06%
	# Loans		90	51	63	204
	% # Loans		1.79%	1.01%	1.25%	4.05%
FORECLOSURE	Balance	0.00	0.00	0.00	36,942.95	36,942.95
	% Balance	0.00%	0.00%	0.00%	0.01%	0.01%
	# Loans	0	0	0	1	1
	% # Loans	0.00%	0.00%	0.00%	0.02%	0.02%
BANKRUPTCY	Balance	34,393.06	0.00	0.00	0.00	34,393.06
	% Balance	0.01%	0.00%	0.00%	0.00%	0.01%
	# Loans	1	0	0	0	1
	% # Loans	0.02%	0.00%	0.00%	0.00%	0.02%
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	34,393.06	6,518,479.77	3,759,204.73	4,897,276.95	15,209,354.51
	% Balance	0.01%	2.18%	1.26%	1.64%	5.08%
	# Loans	1	90	51	64	206
	% # Loans	0.02%	1.79%	1.01%	1.27%	4.09%

Page 10 of 24

New Century Home Equity Loan Trust 2006-S1



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


ADDITIONAL DELINQUENCY REPORTING


	# of Accounts		Principal Balance		% of Total

30-59 Days Delinquent	90		$6,518,479.77	2.18%

60-89 Days Delinquent	51		$3,759,204.73	1.26%

90 or more Days Delinquent	64		$4,897,276.95	1.64%

Aggregate	205		$15,174,961.45	5.07%

The above statistics include Mortgage Loans in foreclosure but exclude REO properties


	# of Accounts		Principal Balance		% of Total

Loans in foreclosure proceedings	1	$36,942.95		0.01%

Loans in bankruptcy proceedings	1		$34,393.06	0.01%

REO Properties	0	$0.00		0.00%


Delinquency

Category	Loan Count		Stated Balance		% of Total

0	4,831	$284,014,972.27		94.93%

30	90	$6,518,479.77		2.18%

60	51	$3,759,204.73		1.26%

90	63
90	63	$4,860,334.00		1.62%

FC	1	$36,942.95		0.01%

REO	0	$0.00		0.00%

Total	5,036	$299,189,933.72		100.00%

*The above amounts include Bankruptcies. Total Bankruptcies for the period were:

BK	1		$34,393.06	0.01%



Page 11 of 24

New Century Home Equity Loan Trust 2006-S1

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 12 of 24

New Century Home Equity Loan Trust 2006-S1

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

Became Foreclosure Property this Period:

1005044230 1

37,000.00

36,942.95

01-Jan-2006

12.600%

CO - 100.00%

360

01-Jan-2006

TOTAL

37,000.00

36,942.95

Page 13 of 24

New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS

Total

Current

Number of Paid in Full Loans

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

Curtailments Amount

86,372.52

Paid in Full Balance

3,709,481.46

Repurchased Loans Balance

0.00

Total Prepayment Amount

3,795,853.98

Cumulative

Number of Paid in Full Loans

171

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

174

Paid in Full Balance

12,304,894.35

Repurchased Loans Balance

296,271.42

Curtailments Amount

161,838.34

Total Prepayment Amount

12,763,004.11

Page 14 of 24

New Century Home Equity Loan Trust 2006-S1



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


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	1.32%
3 Months Avg SMM	1.19%
12 Months Avg SMM	1.06%
Avg SMM Since Cut-off	1.06%



CPR	14.78%
3 Months Avg CPR	13.39%
12 Months Avg CPR	11.96%
Avg CPR Since Cut-off	11.96%



PSA	1,377.27%
3 Months Avg PSA Approximation	1,532.12%
12 Months Avg PSA Approximation	1,545.31%
Avg PSA Since Cut-off Approximation	1,545.30%

Page 15 of 24

New Century Home Equity Loan Trust 2006-S1

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 16 of 24

New Century Home Equity Loan Trust 2006-S1



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

1002869756 1		66,608.00	66,420.97	08-May-2006	10.700%	CA - 99.85%	Paid Off - 360	01-Dec-2005
1002869756 1		66,608.00	66,420.97	08-May-2006	10.700%	CA - 99.85%	Paid Off - 360	01-Dec-2005
1003838137 1		53,000.00	52,877.73	31-May-2006	11.500%	AZ - 100.00%	Paid Off - 360	01-Nov-2005
1003975283 1		53,000.00	52,863.79	31-May-2006	10.250%	CA - 100.00%	Paid Off - 360	01-Dec-2005
1003989009 1		102,200.00	101,978.67	01-May-2006	11.050%	NJ - 100.00%	Paid Off - 360	01-Dec-2005
1004135224 1		93,800.00	93,648.83	31-May-2006	12.400%	CA - 100.00%	Paid Off - 360	01-Dec-2005
1004168117 1		103,661.16	103,402.19	26-May-2006	9.500%	CA - 100.00%	Paid Off - 360	01-Jan-2006
1004335712 1		39,000.00	38,946.40	25-May-2006	12.300%	IL - 100.00%	Paid Off - 360	01-Jan-2006
1004393016 1		57,000.00	56,908.13	16-May-2006	11.550%	NJ - 100.00%	Paid Off - 360	01-Jan-2006
1004485747 1		116,000.00	115,765.44	19-May-2006	10.500%	CA - 100.00%	Paid Off - 360	01-Jan-2006
1004508624 1		30,900.00	30,816.07	19-May-2006	9.990%	AZ - 100.00%	Paid Off - 360	01-Dec-2005
1004529665 1		25,800.00	25,739.47	24-May-2006	9.800%	TX - 100.00%	Paid Off - 360	01-Jan-2006
1004563412 1		17,500.00	17,470.86	02-May-2006	11.400%	GA - 100.00%	Paid Off - 360	01-Jan-2006
1004575221 1		115,000.00	114,872.18	31-May-2006	12.200%	IL - 100.00%	Paid Off - 360	01-Feb-2006
1004627390 1		87,600.00	87,464.88	03-May-2006	11.750%	CA - 100.00%	Paid Off - 360	01-Jan-2006
1004673071 1		140,000.00	139,802.29	31-May-2006	12.150%	CA - 100.00%	Paid Off - 360	01-Jan-2006
1004724034 1		58,000.00	57,917.16	18-May-2006	12.100%	FL - 100.00%	Paid Off - 360	01-Jan-2006
1004737565 1		40,000.00	39,959.55	24-May-2006	13.700%	FL - 100.00%	Paid Off - 360	01-Jan-2006
1004768308 1		142,000.00	141,838.63	24-May-2006	12.100%	CA - 100.00%	Paid Off - 360	01-Feb-2006
1004842031 1		27,980.00	27,747.21	03-May-2006	11.750%	IL - 100.00%	Paid Off - 180	01-Feb-2006
1004842237 1		59,496.00	59,411.95	10-May-2006	12.150%	SC - 100.00%	Paid Off - 360	01-Jan-2006
1004850245 1		45,800.00	45,694.60	11-May-2006	9.891%	MN - 100.00%	Paid Off - 360	01-Jan-2006
1004919119 1		117,197.00	117,068.15	24-May-2006	12.250%	CA - 100.00%	Paid Off - 360	01-Feb-2006
1004926520 1		69,800.00	69,673.21	04-May-2006	11.000%	CA - 100.00%	Paid Off - 360	01-Jan-2006
1004939419 1		51,500.00	51,390.31	18-May-2006	11.500%	NM - 100.00%	Paid Off - 360	01-Jan-2006
1004940256 1		55,000.00	54,894.16	30-May-2006	10.750%	NJ - 95.71%	Paid Off - 360	01-Jan-2006
1004945965 1		85,000.00	84,848.94	31-May-2006	11.100%	CA - 100.00%	Paid Off - 360	01-Jan-2006
1004975058 1		75,990.00	75,876.34	15-May-2006	11.890%	CA - 100.00%	Paid Off - 360	01-Jan-2006
1004976039 1		38,298.00	38,211.68	04-May-2006	9.990%	AZ - 100.00%	Paid Off - 360	01-Jan-2006
1005000189 1		71,000.00	70,919.30	19-May-2006	12.100%	CA - 100.00%	Paid Off - 360	01-Feb-2006
1005018401 1		60,600.00	60,517.22	24-May-2006	12.300%	MA - 100.00%	Paid Off - 360	01-Jan-2006
1005042241 1		33,400.00	33,319.10	15-May-2006	9.650%	CA - 100.00%	Paid Off - 360	01-Jan-2006
1005188753 1		82,600.00	82,515.62	04-May-2006	12.580%	CA - 100.00%	Paid Off - 360	01-Feb-2006
1005251005 1		104,400.00	104,253.87	31-May-2006	11.150%	CA - 100.00%	Paid Off - 360	01-Feb-2006
1005252059 1		109,000.00	108,873.08	19-May-2006	11.990%	CA - 100.00%	Paid Off - 360	01-Feb-2006
1005257633 1		55,000.00	54,948.47	09-May-2006	11.650%	NY - 100.00%	Paid Off - 360	01-Mar-2006
1005261575 1		46,200.00	46,133.03	02-May-2006	10.990%	NJ - 100.00%	Paid Off - 360	01-Feb-2006
1005281312 1		34,000.00	33,963.81	03-May-2006	12.400%	FL - 100.00%	Paid Off - 360	01-Feb-2006
1005295780 1		50,000.00	49,937.25	09-May-2006	11.650%	IL - 100.00%	Paid Off - 360	01-Feb-2006
1005331394 1		46,440.00	46,403.14	19-May-2006	13.700%	FL - 100.00%	Paid Off - 360	01-Feb-2006
1005430394 1		33,000.00	32,932.90	30-May-2006	9.400%	CA - 100.00%	Paid Off - 360	01-Feb-2006


Page 17 of 24

New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

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

Loan Number

Original

Current

State &

Type Prepayment

First

Loan

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

1005456393 1

75,000.00

74,924.56

30-May-2006

12.650%

CA - 100.00%

Paid Off - 360

01-Feb-2006

1005535441 1

57,000.00

56,933.03

26-May-2006

11.950%

NV - 100.00%

Paid Off - 360

01-Feb-2006

1005600520 1

110,000.00

109,877.73

12-May-2006

12.200%

CA - 100.00%

Paid Off - 360

01-Feb-2006

1005692949 1

72,000.00

71,909.62

10-May-2006

11.650%

CA - 100.00%

Paid Off - 360

01-Feb-2006

1005725174 1

136,800.00

136,681.13

16-May-2006

11.990%

FL - 100.00%

Paid Off - 360

01-Mar-2006

1005823086 1

113,000.00

112,868.69

23-May-2006

12.000%

CA - 100.00%

Paid Off - 360

01-Feb-2006

1005840575 1

58,798.00

58,745.14

16-May-2006

13.150%

AZ - 100.00%

Paid Off - 360

01-Feb-2006

1005940020 1

82,590.40

82,509.57

16-May-2006

11.450%

CO - 100.00%

Paid Off - 360

01-Mar-2006

1005950599 1

31,800.00

31,776.67

09-May-2006

12.750%

MI - 100.00%

Paid Off - 360

01-Mar-2006

1005981663 1

179,000.00

178,848.20

12-May-2006

12.100%

HI - 100.00%

Paid Off - 360

01-Mar-2006

1006010862 1

106,263.00

106,180.54

04-May-2006

12.500%

MD - 100.00%

Paid Off - 360

01-Mar-2006

TOTAL

3,715,021.56

3,709,481.46

Page 18 of 24

New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES

Total

Current

Subsequent Recoveries

1,980.69

Number of Loans Liquidated

Collateral Principal Realized Loss/(Gain) Amount

183,630.38

Collateral Interest Realized Loss/(Gain) Amount

0.00

Net Liquidation Proceeds

36,003.65

Cumulative

Number of Loans Liquidated

Collateral Realized Loss/(Gain) Amount

183,630.38

Net Liquidation Proceeds

36,003.65

Cumulative Subsequent Recoveries

1,980.69

Page 19 of 24

New Century Home Equity Loan Trust 2006-S1



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


DEFAULT SPEEDS

								Total



MDR								0.07%
3 Months Avg MDR								0.02%
12 Months Avg MDR								0.02%
Avg MDR Since Cut-off								0.02%


CDR								0.87%
3 Months Avg CDR								0.29%
12 Months Avg CDR								0.22%
Avg CDR Since Cut-off								0.22%


SDA								8.06%
3 Months Avg SDA Approximation								3.31%
12 Months Avg SDA Approximation								2.80%
Avg SDA Since Cut-off Approximation								2.80%


Loss Severity Approximation for Current Period								83.61%
3 Months Avg Loss Severity Approximation								27.87%
12 Months Avg Loss Severity Approximation								20.90%
Avg Loss Severity Approximation Since Cut-off								20.90%

Page 20 of 24

New Century Home Equity Loan Trust 2006-S1

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 21 of 24

New Century Home Equity Loan Trust 2006-S1

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)

1004638976 1

10.990%

CA - 100.00%

360

85,843.50

70,386.64

1004741658 1

11.550%

MI - 100.00%

360

16,024.10

13,745.63

1004888642 1

10.600%

CA - 100.00%

360

117,766.43

99,498.11

TOTAL

219,634.03

183,630.38

Page 22 of 24

New Century Home Equity Loan Trust 2006-S1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Stepdown Date Occurred?

Credit Enhancement Percentage (For Stepdown Date)

37.5141%

Applicable % (On and After Stepdown Date)

71.8000%

Trigger Event In Effect?

Rolling 3-Mon. Delinquency Percentage

1.7482%

Prior Credit Enhancement Percentage

37.0030%

Applicable %

11.2500%

Applicable % of prior Credit Enhancement Percentage

4.1628%

Aggregate Amount of Realized Losses

183,630.38

Stated Principal Balance as of Cutoff Date

312,640,888.74

Realized Loss Percentage

0.0587%

Servicer Termination Test?

Swap Provider Trigger Event?

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

Current LIBOR Rate

5.081250%

Libor Rate Determination Date

05/23/2006

Next LIBOR Rate

5.322500%

Next Libor Rate Determination Date

06/22/2006

Significance Percentage

0.092800%

Page 23 of 24

New Century Home Equity Loan Trust 2006-S1



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

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next PTR	CarryOver Amts Unpaid	CarryOver Amts Paid
CLASS

	A-1	5.493%	0.00	0.00
		5.493%	0.00	0.00
	A-2a	5.423%	0.00	0.00
		5.423%	0.00	0.00
	A-2b	5.523%	0.00	0.00
		5.523%	0.00	0.00
	M-1	5.743%	0.00	0.00
		5.743%	0.00	0.00
	M-2	5.923%	0.00	0.00
		5.923%	0.00	0.00
	M-3	6.023%	0.00	0.00
		6.023%	0.00	0.00
	M-4	6.593%	0.00	0.00
		6.593%	0.00	0.00
	M-5	6.773%	0.00	0.00
		6.773%	0.00	0.00
	M-6	7.823%	0.00	0.00
		7.823%	0.00	0.00
	M-7	6.500%	0.00	0.00
		6.500%	0.00	0.00
	M-8	6.500%	0.00	0.00
		6.500%	0.00	0.00
	TRUST	0.000%	0.00	0.00
		0.000%	0.00	0.00






Page 24 of 24

New Century Home Equity Loan Trust 2006-S1 10-D