IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 2006 Distribution

External Parties

Table of Contents

Page

Seller

IndyMac Bank

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

IndyMac Bank

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Goldman, Sachs & Co.

7. Foreclosure Report

8. Prepayment Report

9. Prepayment Detail Report

10. Realized Loss Report

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

April 01, 2006

Jennifer Hermansader

Close Date:

April 27, 2006

Administrator

First Distribution Date:

May 25, 2006

(714) 247-6258

Jennifer.Vandyne@db.com

Address:

Distribution Date:

September 25, 2006

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

Record Date:

August 31, 2006

Factor Information:

(800) 735-7777

September 22, 2006

Main Phone Number:

(714) 247-6000

Determination Date:

September 18, 2006

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

Page 1 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 2006 Distribution

Certificate Payment Report
Current Period Distribution - REMICII
				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	$	176,040,000.00	155,313,154.46	725,466.80	6,538,000.49	7,263,467.29	0.00	0.00	148,775,153.97
A-1	SR	$	176,040,000.00	155,313,154.46	725,466.80	6,538,000.49	7,263,467.29	0.00	0.00	148,775,153.97
A-2	SR	$	26,467,000.00	26,467,000.00	127,195.99	0.00	127,195.99	0.00	0.00	26,467,000.00
A-3	SR	$	39,672,000.00	39,672,000.00	192,872.04	0.00	192,872.04	0.00	0.00	39,672,000.00
A-4	SR	$	25,131,000.00	25,131,000.00	129,131.46	0.00	129,131.46	0.00	0.00	25,131,000.00
A-5	SR	$	29,701,000.00	29,701,000.00	149,049.52	0.00	149,049.52	0.00	0.00	29,701,000.00
B-1	SUB	$	4,727,000.00	4,727,000.00	25,604.58	0.00	25,604.58	0.00	0.00	4,727,000.00
B-2	SUB	$	4,096,000.00	4,096,000.00	22,186.67	0.00	22,186.67	0.00	0.00	4,096,000.00
B-3	SUB	$	4,412,000.00	4,412,000.00	23,898.33	0.00	23,898.33	0.00	0.00	4,412,000.00
P	SUB	$	100.00	100.00	36,832.32	0.00	36,832.32	0.00	0.00	100.00
C	NOF	$	4,886,094.45	7,816,276.74	0.00	0.00	0.00	0.00	665,102.16	8,481,378.90
R	RES	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00



Total		315,132,194.45	297,335,531.20	1,432,237.71	6,538,000.49	7,970,238.20	0.00	665,102.16	291,462,632.87
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	08/25/06	09/24/06	A-Act/360	437089AA3	176,040,000.00	882.260591	4.121034	37.139289	41.260323	845.121302
A-1	08/25/06	09/24/06	A-Act/360	437089AA3	176,040,000.00	882.260591	4.121034	37.139289	41.260323	845.121302
A-2	08/01/06	08/30/06	F-30/360	437089AB1	26,467,000.00	1,000.000000	4.805833	0.000000	4.805833	1,000.000000
A-3	08/01/06	08/30/06	F-30/360	437089AC9	39,672,000.00	1,000.000000	4.861667	0.000000	4.861667	1,000.000000
A-4	08/01/06	08/30/06	F-30/360	437089AD7	25,131,000.00	1,000.000000	5.138334	0.000000	5.138334	1,000.000000
A-5	08/01/06	08/30/06	F-30/360	437089AE5	29,701,000.00	1,000.000000	5.018333	0.000000	5.018333	1,000.000000
B-1	08/01/06	08/30/06	F-30/360	437089AF2	4,727,000.00	1,000.000000	5.416666	0.000000	5.416666	1,000.000000
B-2	08/01/06	08/30/06	F-30/360	437089AG0	4,096,000.00	1,000.000000	5.416667	0.000000	5.416667	1,000.000000
B-3	08/01/06	08/30/06	F-30/360	437089AM7	4,412,000.00	1,000.000000	5.416666	0.000000	5.416666	1,000.000000
P	08/01/06	08/30/06	F-30/360	437089AH8	100.00	1,000.000000	368,323.200000	0.000000	368,323.200000	1,000.000000
C	08/01/06	08/30/06	F-30/360	437089AJ4	4,886,094.45	1,599.698250	0.000000	0.000000	0.000000	1,735.819679
R	08/01/06	08/30/06	F-30/360	437089AK1	0.00	0.000000	0.000000	0.000000	0.000000	0.000000





Page 2 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 2006 Distribution


Distribution to Date - REMICII
									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	176,040,000.00	3,707,359.56	26,341,911.40	922,934.63	27,264,846.03	30,972,205.59	0.00	0.00	148,775,153.97
A-2	26,467,000.00	635,979.95	0.00	0.00	0.00	635,979.95	0.00	0.00	26,467,000.00
A-3	39,672,000.00	964,360.20	0.00	0.00	0.00	964,360.20	0.00	0.00	39,672,000.00
A-4	25,131,000.00	645,657.30	0.00	0.00	0.00	645,657.30	0.00	0.00	25,131,000.00
A-5	29,701,000.00	745,247.60	0.00	0.00	0.00	745,247.60	0.00	0.00	29,701,000.00
B-1	4,727,000.00	128,022.90	0.00	0.00	0.00	128,022.90	0.00	0.00	4,727,000.00
B-2	4,096,000.00	110,933.35	0.00	0.00	0.00	110,933.35	0.00	0.00	4,096,000.00
B-3	4,412,000.00	119,491.65	0.00	0.00	0.00	119,491.65	0.00	0.00	4,412,000.00
P	100.00	122,359.09	0.00	0.00	0.00	122,359.09	0.00	0.00	100.00
C	4,886,094.45	0.00	(3,461,230.12)	(134,054.33)	0.00	0.00	0.00	3,595,284.45	8,481,378.90
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00



Total	315,132,194.45	7,179,411.60	22,880,681.28	788,880.30	27,264,846.03	34,444,257.63	0.00	3,595,284.45	291,462,632.87


Interest Detail - REMICII
	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	5.42438%	155,313,154.46	725,466.80	0.00	0.00	0.00	725,466.80	725,466.80	0.00
A-2	5.76700%	26,467,000.00	127,195.99	0.00	0.00	0.00	127,195.99	127,195.99	0.00
A-3	5.83400%	39,672,000.00	192,872.04	0.00	0.00	0.00	192,872.04	192,872.04	0.00
A-4	6.16600%	25,131,000.00	129,131.46	0.00	0.00	0.00	129,131.46	129,131.46	0.00
A-5	6.02200%	29,701,000.00	149,049.52	0.00	0.00	0.00	149,049.52	149,049.52	0.00
B-1	6.50000%	4,727,000.00	25,604.58	0.00	0.00	0.00	25,604.58	25,604.58	0.00
B-2	6.50000%	4,096,000.00	22,186.67	0.00	0.00	0.00	22,186.67	22,186.67	0.00
B-3	6.50000%	4,412,000.00	23,898.33	0.00	0.00	0.00	23,898.33	23,898.33	0.00
P	0.00000%	100.00	0.00	0.00	0.00	0.00	0.00	36,832.32	0.00
C	102.11033%	7,816,276.74	0.00	0.00	0.00	0.00	0.00	665,102.16	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00



Total		297,335,531.20	1,395,405.39	0.00	0.00	0.00	1,395,405.39	2,097,339.87	0.00



Page 3 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 2006 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

5,872,898.33

Principal Withrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

5,872,898.33

Interest Collections

2,146,066.77

Interest Withdrawals

-0.00

Interest Other Accounts

36,832.32

Interest Fees

-85,559.22

TOTAL NET INTEREST

2,097,339.87

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

7,970,238.20

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

155,340.63

Prepayments In Full

5,652,952.81

Curtailments

64,604.89

Liquidations

0.00

Insurance Principal

0.00

Repurchased Principal Amounts

0.00

Other Principal

0.00

Realized Loss Of Principal

-0.00

Delinquent Principal

-120,021.28

Advanced Principal

120,021.28

TOTAL PRINCIPAL COLLECTED

5,872,898.33

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK

Page 4 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 2006 Distribution

INTEREST - COLLECTIONS

Total

Scheduled Interest

2,241,760.31

Liquidation Interest

0.00

Repurchased Interest

0.00

Insurance Interest

0.00

Other Interest

0.00

Realized Loss of Interest

-0.00

Relief Act Interest Shortfalls

-0.00

Prepayment Interest Shortfalls

-6,677.31

Compensating Interest

6,677.31

Delinquent Interest

-1,739,781.97

Interest Advanced

1,644,088.43

TOTAL INTEREST COLLECTED

2,146,066.77

INTEREST - WITHDRAWALS

Total

Nonrecoverable Advances

0.00

TOTAL INTEREST WITHDRAWALS

0.00

INTEREST - OTHER ACCOUNTS

Total

Prepayment Charges

36,832.32

TOTAL INTEREST OTHER ACCOUNTS

36,832.32

INTEREST FEES

Total

Current Servicing Fees

28,196.26

Current Trustee Fees

2,106.13

Insurance Premium for Class A Certificates

55,256.83

TOTAL INTEREST OTHER FEES

85,559.22

Page 5 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

Reserve Fund

Beginning Balance

0.00

Shortfall/Reductions

0.00

Amount Withdrawn

0.00

Interest Earnings

0.00

Ending Balance

0.00

INSURANCE

Total

Insurance Premium for Class A Certificates

55,256.83

STRUCTURAL FEATURES

Total

Overcollateralized Amount - Prior Period

7,816,276.74

Current Period Principal Realized Loss

0.00

Overcollateralized Amount - After Current

8,481,478.90

Net Monthly Excess Cashflow

665,102.16

Overcollateralization Increase Amount

0.00

Overcollateralization Reduction Amount

0.00

Overcollateralization Amount - Ending

8,481,378.90

Overcollateralization Deficiency Amount

3,808,644.28

Required Overcollateralized Amount

12,290,123.18

Credit Enhancement Percentage

7.2227%

Page 6 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 2006 Distribution

Collateral Report

COLLATERAL

Total

Loan Count:

Original

4,988

Prior

4,704

Prefunding

Scheduled Paid Offs

-0

Full Voluntary Prepayments

-85

Repurchases

-0

Liquidations

-0

Current

4,619

Principal Balance:

Original

315,132,194.45

Prior

297,335,531.20

Prefunding

0.00

Scheduled Principal

-155,340.63

Partial Prepayments

-64,604.89

Full Voluntary Prepayments

-5,652,952.81

Repurchases

-0.00

Liquidations

-0.00

Current

291,462,632.87

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

							Total
Weighted Average Coupon Original							9.06577%
Weighted Average Coupon Prior							9.05553%
Weighted Average Coupon Current							9.04740%
Weighted Average Months to Maturity Original							214
Weighted Average Months to Maturity Prior							211
Weighted Average Months to Maturity Current							210
Weighted Avg Remaining Amortization Term Original							354
Weighted Avg Remaining Amortization Term Prior							351
Weighted Avg Remaining Amortization Term Current							350
Weighted Average Seasoning Original							3.66
Weighted Average Seasoning Prior							6.60
Weighted Average Seasoning Current							7.58

Page 8 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 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		28,196.26
Delinquent Servicing Fees		95,693.54
TOTAL SERVICING FEES		123,889.81


Total Servicing Fees		123,889.81
Compensating Interest		-6,677.31
Delinquent Servicing Fees		-95,693.54
COLLECTED SERVICING FEES		21,518.96


Total Advanced Interest		3,408,198.14
Total Advanced Principal		120,021.28
Unrecovered Advances		0.00
Non Recoverable Advance		0.00
Servicer Escrow Advances		0.00





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Total
	Prepayment Interest Shortfall (PPIS)	6,677.31
	Compensating Interest	(6,677.31)
	Net Prepayment Interest Shortfall	0.00







Page 9 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 2006 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		2,038,848.51	1,119,734.98	980,811.30	4,139,394.79
	% Balance		0.70%	0.38%	0.34%	1.42%
	# Loans		25	17	15	57
	% # Loans		0.54%	0.37%	0.32%	1.23%
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	162,523.84	25,373.95	0.00	134,853.00	322,750.79
	% Balance	0.06%	0.01%	0.00%	0.05%	0.11%
	# Loans	2	1	0	1	4
	% # Loans	0.04%	0.02%	0.00%	0.02%	0.09%
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	162,523.84	2,064,222.46	1,119,734.98	1,115,664.30	4,462,145.58
	% Balance	0.06%	0.71%	0.38%	0.38%	1.53%
	# Loans	2	26	17	16	61
	% # Loans	0.04%	0.56%	0.37%	0.35%	1.32%

Page 10 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 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 11 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 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 12 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 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

64,604.89

Paid in Full Balance

5,652,952.81

Repurchased Loans Balance

0.00

Total Prepayment Amount

5,717,557.70

Cumulative

Number of Paid in Full Loans

366

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

368

Paid in Full Balance

22,303,063.55

Repurchased Loans Balance

125,279.44

Curtailments Amount

452,338.29

Total Prepayment Amount

22,880,681.28

Page 13 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	1.92%
3 Months Avg SMM	1.73%
12 Months Avg SMM	1.50%
Avg SMM Since Cut-off	1.50%



CPR	20.79%
3 Months Avg CPR	18.94%
12 Months Avg CPR	16.58%
Avg CPR Since Cut-off	16.58%



PSA	1,370.77%
3 Months Avg PSA Approximation	1,434.69%
12 Months Avg PSA Approximation	1,474.08%
Avg PSA Since Cut-off Approximation	1,474.09%

Page 14 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 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 15 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 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

121268243 1		34,650.00	34,343.01	17-Aug-2006	8.125%	MO - 88.00%	Paid Off - 180	01-Aug-2005
121268243 1		34,650.00	34,343.01	17-Aug-2006	8.125%	MO - 88.00%	Paid Off - 180	01-Aug-2005
121528671 1		124,000.00	123,243.76	21-Aug-2006	8.625%	VA - 79.99%	Paid Off - 180	01-Nov-2005
121729349 1		32,136.00	31,885.47	25-Aug-2006	9.000%	TN - 80.00%	Paid Off - 180	01-Aug-2005
121733335 1		143,000.00	142,235.59	12-Sep-2006	9.750%	CA - 80.00%	Paid Off - 180	01-Oct-2005
121734006 1		68,400.00	68,223.30	23-Aug-2006	13.125%	CA - 80.00%	Paid Off - 180	01-Oct-2005
121734229 1		66,750.00	66,582.34	01-Sep-2006	13.250%	FL - 80.00%	Paid Off - 180	01-Oct-2005
121734418 1		44,000.00	43,837.69	21-Aug-2006	11.500%	IL - 69.99%	Paid Off - 180	01-Oct-2005
121742991 1		116,750.00	116,125.92	22-Aug-2006	9.750%	CA - 79.98%	Paid Off - 180	01-Oct-2005
121746295 1		115,000.00	113,760.88	08-Sep-2006	7.125%	VA - 75.00%	Paid Off - 180	01-Aug-2005
121746506 1		141,000.00	140,125.44	23-Aug-2006	8.000%	CA - 75.00%	Paid Off - 180	01-Dec-2005
121746558 1		19,000.00	18,875.84	29-Aug-2006	8.375%	UT - 80.00%	Paid Off - 180	01-Dec-2005
121749333 1		84,000.00	83,635.61	25-Aug-2006	9.750%	CA - 80.00%	Paid Off - 180	01-Dec-2005
121749466 1		80,000.00	79,692.80	05-Sep-2006	9.750%	NY - 80.00%	Paid Off - 180	01-Jan-2006
121844589 1		73,000.00	72,433.73	25-Aug-2006	9.750%	MD - 80.00%	Paid Off - 360	01-Aug-2005
121880671 1		10,000.00	9,457.50	08-Sep-2006	8.000%	MD - 88.00%	Paid Off - 180	01-Nov-2005
121951912 1		17,000.00	16,764.35	13-Sep-2006	8.875%	VA - 80.00%	Paid Off - 180	01-Nov-2005
121993882 1		40,100.00	39,605.95	25-Aug-2006	8.750%	CA - 88.00%	Paid Off - 180	01-Nov-2005
122039659 1		27,000.00	26,774.11	01-Sep-2006	7.750%	VA - 80.00%	Paid Off - 180	01-Nov-2005
122074957 1		88,000.00	87,362.72	22-Aug-2006	9.450%	WA - 80.00%	Paid Off - 180	01-Aug-2005
122082880 1		18,000.00	17,906.41	30-Aug-2006	8.875%	MD - 80.00%	Paid Off - 180	01-Dec-2005
122125589 1		40,000.00	39,757.22	23-Aug-2006	7.500%	CA - 52.11%	Paid Off - 180	01-Jan-2006
122204724 1		32,500.00	32,293.32	29-Aug-2006	7.875%	GA - 80.00%	Paid Off - 180	01-Dec-2005
122216693 1		109,350.00	108,955.57	30-Aug-2006	10.625%	CA - 80.00%	Paid Off - 180	01-Dec-2005
122227938 1		37,500.00	37,297.30	07-Sep-2006	8.125%	NY - 80.00%	Paid Off - 180	01-Jan-2006
122241861 1		87,200.00	86,968.34	28-Aug-2006	13.000%	AZ - 80.00%	Paid Off - 180	01-Oct-2005
122273573 1		58,800.00	58,430.05	14-Sep-2006	8.875%	NV - 70.00%	Paid Off - 180	01-Nov-2005
122273574 1		29,550.00	29,335.26	05-Sep-2006	7.750%	NV - 80.02%	Paid Off - 180	01-Nov-2005
122315913 1		41,700.00	41,275.46	13-Sep-2006	7.375%	FL - 80.00%	Paid Off - 180	01-Jan-2006
122320782 1		26,750.00	26,587.66	21-Aug-2006	7.500%	MN - 73.37%	Paid Off - 180	01-Jan-2006
122327848 1		78,750.00	78,235.63	13-Sep-2006	7.125%	CA - 75.00%	Paid Off - 180	01-Jan-2006
122338093 1		120,000.00	118,680.39	23-Aug-2006	10.500%	CA - 80.00%	Paid Off - 180	01-Jan-2006
122340064 1		48,000.00	47,686.16	16-Aug-2006	8.000%	CA - 62.00%	Paid Off - 180	01-Jan-2006
122355026 1		19,000.00	18,815.49	11-Sep-2006	7.875%	MN - 80.00%	Paid Off - 180	01-Jan-2006
122408227 1		137,000.00	136,387.06	29-Aug-2006	8.750%	CA - 75.01%	Paid Off - 180	01-Feb-2006
122410806 1		92,000.00	91,457.22	24-Aug-2006	8.250%	OR - 69.33%	Paid Off - 180	01-Dec-2005
122411033 1		54,000.00	53,868.75	16-Aug-2006	11.250%	OR - 69.23%	Paid Off - 180	01-Feb-2006
122411101 1		35,000.00	34,944.84	28-Aug-2006	12.500%	IL - 80.00%	Paid Off - 180	01-Mar-2006
122411109 1		137,500.00	137,063.97	29-Aug-2006	9.250%	OH - 70.00%	Paid Off - 180	01-Mar-2006
122411200 1		61,400.00	61,345.09	31-Aug-2006	15.000%	NJ - 80.00%	Paid Off - 180	01-Mar-2006
122411460 1		55,600.00	55,521.61	08-Sep-2006	13.000%	UT - 80.00%	Paid Off - 180	01-Mar-2006


Page 16 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 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

122411486 1		67,000.00	66,940.08	16-Aug-2006	15.000%	WI - 80.00%	Paid Off - 180	01-Mar-2006
122411486 1		67,000.00	66,940.08	16-Aug-2006	15.000%	WI - 80.00%	Paid Off - 180	01-Mar-2006
122411527 1		11,380.00	11,363.94	14-Sep-2006	13.000%	GA - 80.00%	Paid Off - 360	01-Mar-2006
122411552 1		30,535.00	30,507.68	11-Sep-2006	15.000%	CO - 80.00%	Paid Off - 180	01-Mar-2006
122415085 1		130,000.00	130,000.00	01-Sep-2006	10.375%	CO - 65.27%	Paid Off - 300	01-Mar-2006
122442705 1		50,000.00	49,861.25	14-Sep-2006	8.250%	IL - 75.00%	Paid Off - 360	01-Feb-2006
122460500 1		28,600.00	28,514.42	08-Sep-2006	12.000%	TX - 80.01%	Paid Off - 180	01-Nov-2005
122481898 1		78,090.00	77,636.71	24-Aug-2006	7.875%	FL - 80.00%	Paid Off - 180	01-Feb-2006
122490282 1		92,541.00	92,526.00	05-Sep-2006	6.875%	CA - 80.00%	Paid Off - 360	01-Feb-2006
122528738 1		104,000.00	103,702.98	23-Aug-2006	10.500%	CA - 80.00%	Paid Off - 180	01-Feb-2006
122574088 1		31,500.00	31,186.52	31-Aug-2006	7.625%	OH - 80.00%	Paid Off - 180	01-Feb-2006
122587893 1		61,900.00	61,633.59	22-Aug-2006	7.750%	AZ - 62.31%	Paid Off - 180	01-Mar-2006
122614887 1		130,000.00	130,000.00	01-Sep-2006	7.125%	CA - 68.18%	Paid Off - 360	01-Mar-2006
122634763 1		31,000.00	30,417.07	31-Aug-2006	7.250%	CA - 76.95%	Paid Off - 180	01-Mar-2006
122640711 1		60,000.00	59,999.75	14-Sep-2006	7.875%	CA - 64.19%	Paid Off - 360	01-Mar-2006
122642813 1		69,750.00	69,418.55	18-Aug-2006	7.250%	NJ - 75.00%	Paid Off - 180	01-Mar-2006
122654558 1		96,000.00	96,000.00	05-Sep-2006	9.000%	IL - 80.00%	Paid Off - 360	01-Mar-2006
122719583 1		96,000.00	95,929.01	16-Aug-2006	9.875%	FL - 80.00%	Paid Off - 360	01-Mar-2006
122732123 1		100,000.00	99,543.06	08-Sep-2006	6.500%	CA - 53.38%	Paid Off - 180	01-Apr-2006
122736035 1		64,400.00	64,400.00	21-Aug-2006	9.125%	MD - 80.00%	Paid Off - 360	01-Mar-2006
122736609 1		97,670.00	97,412.87	07-Sep-2006	9.250%	CA - 79.99%	Paid Off - 180	01-Apr-2006
122759062 1		27,500.00	27,375.65	29-Aug-2006	7.500%	CA - 77.00%	Paid Off - 180	01-Mar-2006
122764527 1		155,000.00	154,411.78	22-Aug-2006	8.375%	CA - 80.00%	Paid Off - 180	01-Mar-2006
122789704 1		20,300.00	19,876.13	05-Sep-2006	8.250%	MN - 80.00%	Paid Off - 180	01-Mar-2006
122809205 1		51,800.00	51,679.48	06-Sep-2006	8.750%	NY - 80.00%	Paid Off - 180	01-May-2006
122844293 1		33,750.00	33,651.34	23-Aug-2006	8.750%	CT - 78.95%	Paid Off - 180	01-Apr-2006
122848011 1		75,000.00	74,836.19	05-Sep-2006	13.125%	NV - 80.00%	Paid Off - 180	01-Feb-2006
122869532 1		117,982.00	117,979.12	24-Aug-2006	8.750%	VA - 80.00%	Paid Off - 360	01-Apr-2006
122874957 1		110,000.00	109,725.14	23-Aug-2006	9.500%	CA - 80.00%	Paid Off - 180	01-Apr-2006
122879690 1		39,400.00	39,400.00	16-Aug-2006	8.875%	FL - 80.00%	Paid Off - 360	01-May-2006
122901136 1		57,500.00	57,500.00	30-Aug-2006	11.000%	FL - 80.00%	Paid Off - 360	01-May-2006
122914254 1		125,000.00	124,990.00	21-Aug-2006	9.750%	CA - 79.21%	Paid Off - 360	01-Jun-2006
122951125 1		18,250.00	18,127.28	23-Aug-2006	7.500%	TX - 80.00%	Paid Off - 180	01-May-2006
122952976 1		108,000.00	108,000.00	25-Aug-2006	9.750%	CA - 80.00%	Paid Off - 360	01-Apr-2006
122957828 1		110,000.00	109,737.41	17-Aug-2006	8.625%	IL - 80.00%	Paid Off - 180	01-May-2006
122979851 1		36,000.00	35,953.36	16-Aug-2006	13.375%	MD - 80.00%	Paid Off - 360	01-Mar-2006
122979910 1		23,600.00	23,557.31	28-Aug-2006	11.875%	IL - 80.00%	Paid Off - 360	01-Mar-2006
122979939 1		26,200.00	26,166.99	05-Sep-2006	13.500%	GA - 80.00%	Paid Off - 360	01-Mar-2006
122988394 1		18,000.00	17,938.60	30-Aug-2006	10.850%	WA - 80.00%	Paid Off - 180	01-May-2006
123003016 1		17,860.00	6,848.89	01-Sep-2006	11.625%	NV - 75.56%	Paid Off - 180	01-May-2006
123007147 1		65,000.00	64,745.38	29-Aug-2006	7.750%	MD - 80.00%	Paid Off - 180	01-May-2006
123015454 1		94,000.00	93,746.02	30-Aug-2006	9.125%	VA - 80.00%	Paid Off - 180	01-Apr-2006
123141379 1		48,000.00	47,918.24	24-Aug-2006	10.250%	IL - 80.00%	Paid Off - 180	01-May-2006
123141379 1			47,918.24		10.250%	IL - 80.00%	Paid Off - 180

Page 17 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 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

123181410 1

75,400.00

75,309.33

01-Sep-2006

10.500%

CA - 80.00%

Paid Off - 180

01-Jun-2006

123208277 1

95,000.00

94,872.88

13-Sep-2006

10.000%

VA - 80.00%

Paid Off - 180

01-Jun-2006

123211473 1

63,834.00

05-Sep-2006

9.750%

WA - 80.00%

Paid Off - 360

01-May-2006

TOTAL

5,686,128.00

5,652,952.81

Page 18 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES

Total

Current

Subsequent Recoveries

0.00

Number of Loans Liquidated

Collateral Principal Realized Loss/(Gain) Amount

0.00

Collateral Interest Realized Loss/(Gain) Amount

0.00

Net Liquidation Proceeds

0.00

Cumulative

Number of Loans Liquidated

Collateral Realized Loss/(Gain) Amount

0.00

Net Liquidation Proceeds

0.00

Cumulative Subsequent Recoveries

0.00

Page 19 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 2006 Distribution


DEFAULT SPEEDS

								Total



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%

Page 20 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 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: Weighted 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 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 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 22 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1

Mortgage Pass-Through Certificates

September 25, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Stepdown Date has occurred

Does a Trigger Event Exist

Does a Loss Trigger Event Exist

60+ days Delinqueny Bal.-3M Rolling Avg.

1,827,323.94

Delinquency Percentage

0.6146%

Cumulative Realized Loss

0.00

Cut off Date Principal Balance

315,131,363.67

Cumulative Loss Percentage

0.0000%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

Current LIBOR Rate

5.324380%

Libor Rate Determination Date

08/23/2006

Next LIBOR Rate

5.330000%

Next Libor Determination Date

09/21/2006

Page 23 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rate	NET WAC Shortfall CarryOver	Interest Carryfrwd Due	Interest Carryfrwd Paid	NET WAC Shortfall Paid
CLASS

	A-1	0.05424%	$0.00	$0.00	$0.00	$0.00
		0.05424%	$0.00	$0.00	$0.00	$0.00
	A-2	0.05767%	$0.00	$0.00	$0.00	$0.00
		0.05767%	$0.00	$0.00	$0.00	$0.00
	A-3	0.05834%	$0.00	$0.00	$0.00	$0.00
		0.05834%	$0.00	$0.00	$0.00	$0.00
	A-4	0.06166%	$0.00	$0.00	$0.00	$0.00
		0.06166%	$0.00	$0.00	$0.00	$0.00
	A-5	0.06022%	$0.00	$0.00	$0.00	$0.00
		0.06022%	$0.00	$0.00	$0.00	$0.00
	B-1	0.06500%	$0.00	$0.00	$0.00	$0.00
		0.06500%	$0.00	$0.00	$0.00	$0.00
	B-2	0.06500%	$0.00	$0.00	$0.00	$0.00
		0.06500%	$0.00	$0.00	$0.00	$0.00
	B-3	0.06500%	$0.00	$0.00	$0.00	$0.00
		0.06500%	$0.00	$0.00	$0.00	$0.00
	P	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00
	C	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00
	R	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00
	REMIC1	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00




Page 24 of 25

IndyMac INDS Home Equity Mortgage Loan Trust 2006-1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
September 25, 2006 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
							Total
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



Current Scheduled Payments							2,397,100.94
Current Scheduled Payments 1 Month Prior							2,438,184.16
Current Scheduled Payments 2 Month Prior							2,479,375.52
Current Scheduled Payments 3 Month Prior							2,518,497.63
Current Scheduled Payments 4 Month Prior							2,540,939.16
Current Scheduled Payments 5 Month Prior							0.00
Current Scheduled Payments 6 Month Prior							0.00
Current Scheduled Payments 7 Month Prior							0.00
Current Scheduled Payments 8 Month Prior							0.00
Current Scheduled Payments 9 Month Prior							0.00
Current Scheduled Payments 10 Month Prior							0.00
Current Scheduled Payments 11 Month Prior							0.00





Page 25 of 25

IndyMac MBS Inc. Home Equity Mortgage Loan Asset-Backed Trust Series INDS 2006-1 10-D