Argent Securities Inc. 2006-M1

Asset Backed Pass-Through Certificates

September 25, 2006 Distribution

External Parties

Table of Contents

Page

Seller

Ameriquest Mortgage Co.

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

Ameriquest Mortgage Co.

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Lehman Brothers

7. Foreclosure Report

Merrill Lynch & Co.

8. Prepayment Report

RBS Greenwich Capital

9. Prepayment Detail Report

Deutsche Bank Securities

10. Realized Loss Report

Credit Suisse

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

Total Number of Pages

Dates

Contacts

Cut-Off Date:

June 01, 2006

Jason Grewal

Close Date:

June 28, 2006

Administrator

First Distribution Date:

July 25, 2006

(714) 247-6264

Jason.Grewal@db.com

Address:

Distribution Date:

September 25, 2006

1761 E. 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 10, 2006

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

Page 1 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution

Certificate Payment Report
Current Period Distribution -
				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	FLT,STEP	$	1,401,905,000.00	1,354,624,966.19	6,385,769.07	39,000,328.72	45,386,097.79	0.00	0.00	1,315,624,637.47
A-1	FLT,STEP	$	1,401,905,000.00	1,354,624,966.19	6,385,769.07	39,000,328.72	45,386,097.79	0.00	0.00	1,315,624,637.47
A-2A	FLT,STEP	$	435,774,000.00	402,659,972.38	1,856,550.82	26,991,690.19	28,848,241.01	0.00	0.00	375,668,282.19
A-2B	FLT,STEP	$	209,014,000.00	209,014,000.00	974,503.27	0.00	974,503.27	0.00	0.00	209,014,000.00
A-2C	FLT,STEP	$	269,067,000.00	269,067,000.00	1,268,395.14	0.00	1,268,395.14	0.00	0.00	269,067,000.00
A-2D	FLT,STEP	$	99,240,000.00	99,240,000.00	475,513.37	0.00	475,513.37	0.00	0.00	99,240,000.00
M-1	MEZ,STEP,FL	$	105,000,000.00	105,000,000.00	507,633.53	0.00	507,633.53	0.00	0.00	105,000,000.00
M-2	MEZ,STEP,FL	$	93,000,000.00	93,000,000.00	452,020.77	0.00	452,020.77	0.00	0.00	93,000,000.00
M-3	MEZ,STEP,FL	$	55,500,000.00	55,500,000.00	271,188.08	0.00	271,188.08	0.00	0.00	55,500,000.00
M-4	MEZ,STEP,FL	$	51,000,000.00	51,000,000.00	250,517.36	0.00	250,517.36	0.00	0.00	51,000,000.00
M-5	MEZ,STEP,FL	$	48,000,000.00	48,000,000.00	237,434.37	0.00	237,434.37	0.00	0.00	48,000,000.00
M-6	MEZ,STEP,FL	$	45,000,000.00	45,000,000.00	225,307.23	0.00	225,307.23	0.00	0.00	45,000,000.00
M-7	MEZ,STEP,FL	$	40,500,000.00	40,500,000.00	220,562.75	0.00	220,562.75	0.00	0.00	40,500,000.00
M-8	MEZ,STEP,FL	$	33,000,000.00	33,000,000.00	185,401.13	0.00	185,401.13	0.00	0.00	33,000,000.00
M-9	MEZ,STEP,FL	$	22,500,000.00	22,500,000.00	143,847.36	0.00	143,847.36	0.00	0.00	22,500,000.00
M-10	MEZ,STEP,FL	$	30,000,000.00	30,000,000.00	202,129.82	0.00	202,129.82	0.00	0.00	30,000,000.00
CE	$	61,500,987.01	61,500,022.28	5,893,582.12	0.00	5,893,582.12	0.00	0.00	61,500,022.28
P	$	100.00	100.00	443,881.51	0.00	443,881.51	0.00	0.00	100.00
R	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		3,000,001,087.01	2,919,606,060.85	19,994,237.70	65,992,018.91	85,986,256.61	0.00	0.00	2,853,614,041.94
Total





Page 2 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 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)

A-1	08/25/06	09/24/06	A-Act/360	04012MAM1	1,401,905,000.00	966.274438	4.555065	27.819523	32.374589	938.454915
A-1	08/25/06	09/24/06	A-Act/360	04012MAM1	1,401,905,000.00	966.274438	4.555065	27.819523	32.374589	938.454915
A-2A	08/25/06	09/24/06	A-Act/360	04012MAN9	435,774,000.00	924.011007	4.260352	61.939653	66.200005	862.071354
A-2B	08/25/06	09/24/06	A-Act/360	04012MAP4	209,014,000.00	1,000.000000	4.662383	0.000000	4.662383	1,000.000000
A-2C	08/25/06	09/24/06	A-Act/360	04012MAQ2	269,067,000.00	1,000.000000	4.714049	0.000000	4.714049	1,000.000000
A-2D	08/25/06	09/24/06	A-Act/360	04012MAA7	99,240,000.00	1,000.000000	4.791549	0.000000	4.791549	1,000.000000
M-1	08/25/06	09/24/06	A-Act/360	04012MAB5	105,000,000.00	1,000.000000	4.834605	0.000000	4.834605	1,000.000000
M-2	08/25/06	09/24/06	A-Act/360	04012MAC3	93,000,000.00	1,000.000000	4.860438	0.000000	4.860438	1,000.000000
M-3	08/25/06	09/24/06	A-Act/360	04012MAD1	55,500,000.00	1,000.000000	4.886272	0.000000	4.886272	1,000.000000
M-4	08/25/06	09/24/06	A-Act/360	04012MAE9	51,000,000.00	1,000.000000	4.912105	0.000000	4.912105	1,000.000000
M-5	08/25/06	09/24/06	A-Act/360	04012MAF6	48,000,000.00	1,000.000000	4.946549	0.000000	4.946549	1,000.000000
M-6	08/25/06	09/24/06	A-Act/360	04012MAG4	45,000,000.00	1,000.000000	5.006827	0.000000	5.006827	1,000.000000
M-7	08/25/06	09/24/06	A-Act/360	04012MAH2	40,500,000.00	1,000.000000	5.445994	0.000000	5.445994	1,000.000000
M-8	08/25/06	09/24/06	A-Act/360	04012MAJ8	33,000,000.00	1,000.000000	5.618216	0.000000	5.618216	1,000.000000
M-9	08/25/06	09/24/06	A-Act/360	04012MAK5	22,500,000.00	1,000.000000	6.393216	0.000000	6.393216	1,000.000000
M-10	08/25/06	09/24/06	A-Act/360	04012MAL3	30,000,000.00	1,000.000000	6.737661	0.000000	6.737661	1,000.000000
CE	08/01/06	08/30/06	F-30/360	AR06M1401	3,061,502,074.02	20.088186	1.925062	0.000000	1.925062	20.088186
P	08/01/06	08/30/06	F-30/360	AR06M1402	100.00	1,000.000000	4,438,815.100000	0.000000	4,438,815.100000	1,000.000000
R	08/01/06	08/30/06	F-30/360	AR06M1403	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-X	08/01/06	08/30/06	F-30/360	AR06M1404	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 3 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution


Distribution to Date -
									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	1,401,905,000.00	18,744,278.35	83,939,798.89	2,340,563.64	86,280,362.53	105,024,640.88	0.00	0.00	1,315,624,637.47
A-2A	435,774,000.00	5,585,633.88	58,494,524.43	1,611,193.38	60,105,717.81	65,691,351.69	0.00	0.00	375,668,282.19
A-2B	209,014,000.00	2,811,225.46	0.00	0.00	0.00	2,811,225.46	0.00	0.00	209,014,000.00
A-2C	269,067,000.00	3,658,846.24	0.00	0.00	0.00	3,658,846.24	0.00	0.00	269,067,000.00
A-2D	99,240,000.00	1,371,573.41	0.00	0.00	0.00	1,371,573.41	0.00	0.00	99,240,000.00
M-1	105,000,000.00	1,464,160.22	0.00	0.00	0.00	1,464,160.22	0.00	0.00	105,000,000.00
M-2	93,000,000.00	1,303,725.13	0.00	0.00	0.00	1,303,725.13	0.00	0.00	93,000,000.00
M-3	55,500,000.00	782,145.76	0.00	0.00	0.00	782,145.76	0.00	0.00	55,500,000.00
M-4	51,000,000.00	722,511.04	0.00	0.00	0.00	722,511.04	0.00	0.00	51,000,000.00
M-5	48,000,000.00	684,757.05	0.00	0.00	0.00	684,757.05	0.00	0.00	48,000,000.00
M-6	45,000,000.00	649,747.24	0.00	0.00	0.00	649,747.24	0.00	0.00	45,000,000.00
M-7	40,500,000.00	635,836.27	0.00	0.00	0.00	635,836.27	0.00	0.00	40,500,000.00
M-8	33,000,000.00	534,405.47	0.00	0.00	0.00	534,405.47	0.00	0.00	33,000,000.00
M-9	22,500,000.00	414,429.87	0.00	0.00	0.00	414,429.87	0.00	0.00	22,500,000.00
M-10	30,000,000.00	582,239.83	0.00	0.00	0.00	582,239.83	0.00	0.00	30,000,000.00
CE	61,500,987.01	19,414,513.24	0.00	0.00	964.73	19,415,477.97	0.00	0.00	61,500,022.28
P	100.00	825,612.63	0.00	0.00	0.00	825,612.63	0.00	0.00	100.00
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total	3,000,001,087.01	60,185,641.09	142,434,323.32	3,951,757.02	146,387,045.07	206,572,686.16	0.00	0.00	2,853,614,041.94


Interest Detail -
	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	5.47438%	1,354,624,966.19	6,385,769.07	0.00	0.00	0.00	6,385,769.07	6,385,769.07	0.00
A-2A	5.35438%	402,659,972.38	1,856,550.82	0.00	0.00	0.00	1,856,550.82	1,856,550.82	0.00
A-2B	5.41438%	209,014,000.00	974,503.27	0.00	0.00	0.00	974,503.27	974,503.27	0.00
A-2C	5.47438%	269,067,000.00	1,268,395.14	0.00	0.00	0.00	1,268,395.14	1,268,395.14	0.00
A-2D	5.56438%	99,240,000.00	475,513.37	0.00	0.00	0.00	475,513.37	475,513.37	0.00
M-1	5.61438%	105,000,000.00	507,633.53	0.00	0.00	0.00	507,633.53	507,633.53	0.00
M-2	5.64438%	93,000,000.00	452,020.77	0.00	0.00	0.00	452,020.77	452,020.77	0.00
M-3	5.67438%	55,500,000.00	271,188.08	0.00	0.00	0.00	271,188.08	271,188.08	0.00
M-4	5.70438%	51,000,000.00	250,517.36	0.00	0.00	0.00	250,517.36	250,517.36	0.00
M-5	5.74438%	48,000,000.00	237,434.37	0.00	0.00	0.00	237,434.37	237,434.37	0.00
M-6	5.81438%	45,000,000.00	225,307.23	0.00	0.00	0.00	225,307.23	225,307.23	0.00
M-7	6.32438%	40,500,000.00	220,562.75	0.00	0.00	0.00	220,562.75	220,562.75	0.00
M-8	6.52438%	33,000,000.00	185,401.13	0.00	0.00	0.00	185,401.13	185,401.13	0.00
M-9	7.42438%	22,500,000.00	143,847.36	0.00	0.00	0.00	143,847.36	143,847.36	0.00
M-10	7.68825%	30,000,000.00	198,613.22	0.00	0.00	0.00	198,613.22	202,129.82	0.00
CE	0.00000%	61,500,022.28	0.00	0.00	0.00	0.00	0.00	5,893,582.12	0.00
P	0.00000%	100.00	0.00	0.00	0.00	0.00	0.00	443,881.51	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		2,919,606,060.85	13,653,257.47	0.00	0.00	0.00	13,653,257.47	19,994,237.70	0.00



Page 4 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	26,991,690.19	39,000,328.72	65,992,018.91
Principal Withdrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	26,991,690.19	39,000,328.72	65,992,018.91
Interest Collections	8,111,813.93	11,638,916.44	19,750,730.37
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Fees	-174,590.82	-248,334.75	-422,925.58
Interest Other Accounts*	188,013.78	255,867.73	666,432.91
TOTAL NET INTEREST	8,125,236.89	11,646,449.42	19,994,237.70
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	35,116,927.08	50,646,778.14	85,986,256.61

*Net Swap Payment Not Broken Down By Groups




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	446,110.51	857,123.30	1,303,233.81
Curtailments	37,657.47	48,312.90	85,970.37
Prepayments In Full	26,507,922.21	38,094,892.52	64,602,814.73
Repurchased/Substitutions	0.00	0.00	0.00
Liquidations	0.00	0.00	0.00
Insurance Principal	0.00	0.00	0.00
Other Additional Principal	0.00	0.00	0.00
Delinquent Principal	-384,393.67	-729,546.54	-1,113,940.21
Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	384,393.67	729,546.54	1,113,940.21
TOTAL PRINCIPAL COLLECTED	26,991,690.19	39,000,328.72	65,992,018.91




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

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






Page 5 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution


INTEREST - COLLECTIONS

			Group 2	Group 1	Total
Scheduled Interest			8,545,770.86	12,232,577.50	20,778,348.36
Repurchased/Substitution Interest			0.00	0.00	0.00
Liquidation Interest			0.00	0.00	0.00
Insurance Interest			0.00	0.00	0.00
Other Additional Interest			0.00	0.00	0.00
Prepayment Interest Shortfalls			-36,522.83	-52,962.50	-89,485.33
Delinquent Interest			-7,281,052.69	-10,299,952.80	-17,581,005.49
Compensating Interest			36,522.83	52,962.50	89,485.32
Civil Relief Act Shortfalls			-0.00	-1,123.65	-1,123.65
Interest Loss			-0.00	-0.00	-0.00
Interest Advanced			6,847,095.76	9,707,415.39	16,554,511.15
TOTAL INTEREST COLLECTED			8,111,813.93	11,638,916.44	19,750,730.37




INTEREST - WITHDRAWALS

			Group 2	Group 1	Total
Non-Recoverable Advances			0.00	0.00	0.00
TOTAL INTEREST WITHDRAWALS			0.00	0.00	0.00




INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
		Group 2	Group 1	Total
	Prepayment Charges	188,013.78	255,867.73	443,881.51
	Net WAC Investment Income	0.00	0.00	0.00

	Payments In and Out of the Swap Account
	Interest Rate Swap Receipt From DBAG			12,641,492.32
	Interest Rate Swap Payment To DBAG			12,418,940.92
	Swap Termination Payment			0.00

	TOTAL INTEREST OTHER ACCOUNTS	188,013.78	255,867.73	666,432.91
	Net Swap Inflow / (Outflow)			222,551.40



INTEREST FEES
INTEREST FEES
		Group 2	Group 1	Total
	Current Servicing Fees	76,622.06	113,386.13	190,008.19
	Trustee Fees	714.81	988.29	1,703.10
	Extraordinary Trust Fund Expenses			0.00
	PMI Fees	97,253.95	133,960.33	231,214.28
	TOTAL INTEREST FEES	174,590.82	248,334.75	422,925.58



Page 6 of 31

Argent Securities Inc. 2006-M1

Asset Backed Pass-Through Certificates

September 25, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

Group 2

Group 1

Total

NET WAC RESERVE ACCOUNT

Begining Account Balance

0.00

Account Deposit

3,516.60

Account Payment Due

3,516.60

Amount Withdrawn

3,516.60

Ending Account Balance

0.00

INSURANCE

Group 2

Group 1

Total

PMI Fees

97,253.95

133,960.33

231,214.28

STRUCTURAL FEATURES

Group 2

Group 1

Total

Overcollateralized Amount

61,500,022.28

Overcollateralization Reduction Amount

0.00

Overcollateralization Deficiency Amount

0.00

Overcollateralization Increase Amount

0.00

Overcollateralization Target Amount

61,500,022.28

Net Monthly Excess Cashflow

5,893,582.12

Page 7 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	4,275	10,553	14,828
Prior	4,181	10,313	14,494
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-62	-184	-246
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	4,119	10,129	14,248
Principal Balance:


Original	1,258,503,136.93	1,741,495,789.73	2,999,998,926.66
Prior	1,225,389,565.70	1,694,216,495.15	2,919,606,060.85
Prefunding	0.00	0.00	0.00
Scheduled Principal	-446,110.51	-857,123.30	-1,303,233.81
Partial Prepayments	-37,657.47	-48,312.90	-85,970.37
Full Voluntary Prepayments	-26,507,922.21	-38,094,892.52	-64,602,814.73
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	1,198,397,875.51	1,655,216,166.43	2,853,614,041.94





PREFUNDING

	Group 2	Group 1	Total
Prefunding Beginning Balance	0.00	0.00	0.00
Prefunding Delivery Amount	0.00	0.00	0.00
Prefund Release to Certificate Holders	0.00	0.00	0.00
Prefunding Ending Balance	0.00	0.00	0.00

Page 8 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.38730%	8.68133%	8.55798%
Weighted Average Coupon Prior	8.37990%	8.67164%	8.54913%
Weighted Average Coupon Current	8.36871%	8.66424%	8.54020%
Weighted Average Months to Maturity Original	358	357	357
Weighted Average Months to Maturity Prior	357	356	356
Weighted Average Months to Maturity Current	356	354	355
Weighted Avg Remaining Amortization Term Original	358	357	357
Weighted Avg Remaining Amortization Term Prior	357	356	356
Weighted Avg Remaining Amortization Term Current	356	354	355
Weighted Average Seasoning Original	1.79	1.81	1.80
Weighted Average Seasoning Prior	2.79	2.81	2.80
Weighted Average Seasoning Current	3.79	3.81	3.80

Page 9 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

		Group 2	Group 1	Total
Weighted Average Margin Original		5.96718%	5.90671%	5.93331%
Weighted Average Margin Prior		5.96709%	5.90754%	5.93376%
Weighted Average Margin Current		5.96655%	5.91195%	5.93600%
Weighted Average Max Rate Original		14.38641%	14.74953%	14.58981%
Weighted Average Max Rate Prior		14.37911%	14.73986%	14.58104%
Weighted Average Max Rate Current		14.36841%	14.73230%	14.57206%
Weighted Average Min Rate Original		8.38641%	8.74953%	8.58981%
Weighted Average Min Rate Prior		8.37911%	8.73986%	8.58104%
Weighted Average Min Rate Current		8.36841%	8.73230%	8.57206%
Weighted Average Cap Up Original		1.00000%	1.00000%	1.00000%
Weighted Average Cap Up Prior		1.00000%	1.00000%	1.00000%
Weighted Average Cap Up Current		1.00000%	1.00000%	1.00000%
Weighted Average Cap Down Original		1.00000%	1.00000%	1.00000%
Weighted Average Cap Down Prior		1.00000%	1.00000%	1.00000%
Weighted Average Cap Down Current		1.00000%	1.00000%	1.00000%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

		Group 2	Group 1	Total




Current Servicing Fees		76,622.06	113,386.13	190,008.19
Delinquent Servicing Fees		433,956.92	592,537.41	1,026,494.33
TOTAL SERVICING FEES		510,578.99	705,923.56	1,216,502.55


Total Servicing Fees		510,578.99	705,923.56	1,216,502.55
Compensating Interest		-36,522.83	-52,962.50	-89,485.32
Delinquent Servicing Fees		-433,956.92	-592,537.41	-1,026,494.33
COLLECTED SERVICING FEES		40,099.24	60,423.65	100,522.89


Total Advanced Interest		6,847,095.76	9,707,415.39	16,554,511.15
Total Advanced Principal		384,393.67	729,546.54	1,113,940.21
Aggregate Advances with respect to this Distribution		7,231,489.43	10,436,961.93	17,668,451.36






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Group 2	Group 1	Total
	Prepayment Interest Shortfall (PPIS)	36,522.83	52,962.50	89,485.33
	Compensating Interest	(36,522.83)	(52,962.50)	(89,485.32)
	Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00


	Ending Pool Stated Principal Balance	7.956885%	8.249883%	8.126909%





Page 10 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		76,405,355.98	33,463,175.01	0.00	109,868,530.99
	% Balance		2.68%	1.17%	0.00%	3.85%
	# Loans		317	125	0	442
	% # Loans		2.22%	0.88%	0.00%	3.10%
FORECLOSURE	Balance	0.00	0.00	2,473,024.74	0.00	2,473,024.74
	% Balance	0.00%	0.00%	0.09%	0.00%	0.09%
	# Loans	0	0	11	0	11
	% # Loans	0.00%	0.00%	0.08%	0.00%	0.08%
BANKRUPTCY	Balance	1,064,910.83	310,648.20	0.00	0.00	1,375,559.03
	% Balance	0.04%	0.01%	0.00%	0.00%	0.05%
	# Loans	6	2	0	0	8
	% # Loans	0.04%	0.01%	0.00%	0.00%	0.06%
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	1,064,910.83	76,716,004.18	35,936,199.75	0.00	113,717,114.76
	% Balance	0.04%	2.69%	1.26%	0.00%	3.99%
	# Loans	6	319	136	0	461
	% # Loans	0.04%	2.24%	0.95%	0.00%	3.24%

Page 11 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution


GROUP 1
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		29,900,202.07	8,129,112.34	0.00	38,029,314.41
	% Balance		1.81%	0.49%	0.00%	2.30%
	# Loans		181	47	0	228
	% # Loans		1.79%	0.46%	0.00%	2.25%
FORECLOSURE	Balance	0.00	0.00	923,002.72	0.00	923,002.72
	% Balance	0.00%	0.00%	0.06%	0.00%	0.06%
	# Loans	0	0	6	0	6
	% # Loans	0.00%	0.00%	0.06%	0.00%	0.06%
BANKRUPTCY	Balance	426,747.45	67,382.84	0.00	0.00	494,130.29
	% Balance	0.03%	0.00%	0.00%	0.00%	0.03%
	# Loans	4	1	0	0	5
	% # Loans	0.04%	0.01%	0.00%	0.00%	0.05%
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	426,747.45	29,967,584.91	9,052,115.06	0.00	39,446,447.42
	% Balance	0.03%	1.81%	0.55%	0.00%	2.38%
	# Loans	4	182	53	0	239
	% # Loans	0.04%	1.80%	0.52%	0.00%	2.36%

Page 12 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution


GROUP 2
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		46,505,153.91	25,334,062.67	0.00	71,839,216.58
	% Balance		3.88%	2.11%	0.00%	5.99%
	# Loans		136	78	0	214
	% # Loans		3.30%	1.89%	0.00%	5.20%
FORECLOSURE	Balance	0.00	0.00	1,550,022.02	0.00	1,550,022.02
	% Balance	0.00%	0.00%	0.13%	0.00%	0.13%
	# Loans	0	0	5	0	5
	% # Loans	0.00%	0.00%	0.12%	0.00%	0.12%
BANKRUPTCY	Balance	638,163.38	243,265.36	0.00	0.00	881,428.74
	% Balance	0.05%	0.02%	0.00%	0.00%	0.07%
	# Loans	2	1	0	0	3
	% # Loans	0.05%	0.02%	0.00%	0.00%	0.07%
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	638,163.38	46,748,419.27	26,884,084.69	0.00	74,270,667.34
	% Balance	0.05%	3.90%	2.24%	0.00%	6.20%
	# Loans	2	137	83	0	222
	% # Loans	0.05%	3.33%	2.02%	0.00%	5.39%

Page 13 of 31

Argent Securities Inc. 2006-M1

Asset Backed 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 14 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution

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

Became Foreclosure Property this Period:
94759032 1		272,650.00	271,982.86	01-May-2006	9.600%	CO - 95.00%	360	01-May-2006
95095519 2		446,500.00	445,513.41	01-May-2006	9.000%	IL - 95.00%	360	01-Jun-2006
95591558 2		180,000.00	179,540.78	01-May-2006	8.300%	MI - 80.00%	360	01-Jun-2006
95662839 1		85,500.00	85,401.02	01-May-2006	8.000%	UT - 90.00%	360	01-Jun-2006
95793279 2		165,600.00	165,202.64	01-May-2006	8.600%	AZ - 80.00%	360	01-Jun-2006
95994356 1		194,750.00	194,566.13	01-May-2006	8.700%	AZ - 95.00%	360	01-Jun-2006
96305073 2		547,200.00	546,798.60	01-May-2006	9.550%	MD - 90.00%	360	01-Jun-2006
96554233 1		237,150.00	236,603.87	01-May-2006	8.800%	MD - 85.00%	360	01-Jun-2006
96825070 1		64,800.00	64,603.86	01-May-2006	7.450%	MI - 90.00%	360	01-Jun-2006
97349393 2		213,275.00	212,966.59	01-May-2006	11.000%	FL - 95.00%	360	01-Jun-2006
147410401 1		70,000.00	69,844.98	01-May-2006	8.990%	AZ - 36.84%	360	01-Jun-2006


TOTAL	2,477,425.00	2,473,024.74
TOTAL


Page 15 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	62	184	246
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	62	184	246
Curtailments Amount	37,657.47	48,312.90	85,970.37
Paid in Full Balance	26,507,922.21	38,094,892.52	64,602,814.73
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	26,545,579.68	38,143,205.42	64,688,785.10
Cumulative


Number of Paid in Full Loans	151	379	530
Number of Repurchased Loans	5	45	50
Total Number of Loans Prepaid in Full	156	424	580
Paid in Full Balance	58,213,960.89	76,684,911.43	134,898,872.32
Repurchased Loans Balance	408,615.31	6,513,340.27	6,921,955.58
Curtailments Amount	130,381.50	481,879.11	612,260.61
Total Prepayment Amount	58,752,957.70	83,680,130.81	142,433,088.51

Page 16 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	2.17%	2.25%	2.22%
3 Months Avg SMM	1.58%	1.63%	1.61%
12 Months Avg SMM	1.58%	1.63%	1.61%
Avg SMM Since Cut-off	1.58%	1.63%	1.61%



CPR	23.12%	23.92%	23.59%
3 Months Avg CPR	17.42%	17.90%	17.70%
12 Months Avg CPR	17.42%	17.90%	17.70%
Avg CPR Since Cut-off	17.42%	17.90%	17.70%



PSA	3,051.69%	3,139.39%	3,102.83%
3 Months Avg PSA Approximation	3,123.32%	3,184.75%	3,159.15%
12 Months Avg PSA Approximation	3,123.32%	3,184.75%	3,159.15%
Avg PSA Since Cut-off Approximation	3,123.32%	3,184.75%	3,159.16%

Page 17 of 31

Argent Securities Inc. 2006-M1

Asset Backed 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 18 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed 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

85237097 2		344,792.00	344,198.65	21-Aug-2006	8.800%	CA - 80.00%	Paid Off - 360	01-Jun-2006
85237097 2		344,792.00	344,198.65	21-Aug-2006	8.800%	CA - 80.00%	Paid Off - 360	01-Jun-2006
85283299 1		192,850.00	192,615.57	22-Aug-2006	10.450%	CT - 95.00%	Paid Off - 360	01-Jun-2006
85390490 1		192,510.00	192,346.10	05-Sep-2006	10.200%	FL - 90.00%	Paid Off - 360	01-Jul-2006
85447456 1		81,000.00	80,790.75	21-Aug-2006	8.250%	OH - 90.00%	Paid Off - 360	01-May-2006
85461531 2		212,500.00	212,230.81	07-Sep-2006	8.300%	WY - 84.33%	Paid Off - 360	01-Jul-2006
85529857 1		212,500.00	212,326.67	29-Aug-2006	10.400%	MD - 85.00%	Paid Off - 360	01-Jul-2006
85654176 1		186,000.00	185,824.58	31-Aug-2006	7.700%	CA - 43.77%	Paid Off - 360	01-Jun-2006
92653435 2		568,000.00	565,109.62	31-Aug-2006	6.900%	CA - 80.00%	Paid Off - 360	01-Mar-2006
92809714 2		125,900.00	125,450.53	11-Aug-2006	8.675%	MO - 89.99%	Paid Off - 360	01-Mar-2006
92929710 2		499,000.00	496,894.87	06-Sep-2006	7.850%	CA - 74.93%	Paid Off - 360	01-Mar-2006
93259158 1		114,000.00	113,989.85	23-Aug-2006	9.400%	WY - 95.00%	Paid Off - 360	01-Mar-2006
94820834 2		252,000.00	252,000.00	30-Aug-2006	8.250%	CO - 90.00%	Paid Off - 360	01-May-2006
94988599 1		128,700.00	128,536.68	31-Aug-2006	10.250%	CT - 90.00%	Paid Off - 360	01-Jun-2006
95040796 1		240,000.00	239,490.87	30-Aug-2006	9.700%	CA - 75.00%	Paid Off - 360	01-Jun-2006
95058590 1		200,000.00	199,679.93	31-Aug-2006	9.150%	FL - 72.99%	Paid Off - 360	01-Jun-2006
95083515 1		190,000.00	189,595.14	31-Aug-2006	9.175%	NC - 74.51%	Paid Off - 360	01-May-2006
95279634 1		260,800.00	260,800.00	18-Aug-2006	7.500%	IL - 80.00%	Paid Off - 360	01-Jun-2006
95400479 1		156,000.00	156,000.00	29-Aug-2006	8.600%	IL - 80.00%	Paid Off - 360	01-Jun-2006
95428959 2		500,000.00	499,392.18	21-Aug-2006	10.450%	MD - 71.43%	Paid Off - 360	01-Jun-2006
95476313 2		720,000.00	720,000.00	07-Sep-2006	8.400%	IL - 80.00%	Paid Off - 360	01-May-2006
95496675 2		128,000.00	127,866.77	16-Aug-2006	9.250%	AZ - 80.00%	Paid Off - 360	01-Jul-2006
95516233 2		400,000.00	399,653.95	24-Aug-2006	8.000%	CA - 80.00%	Paid Off - 360	01-Jun-2006
95620431 2		825,000.00	823,953.22	01-Sep-2006	10.250%	NJ - 75.00%	Paid Off - 360	01-Jun-2006
95668075 2		375,000.00	374,313.62	14-Aug-2006	8.500%	FL - 75.00%	Paid Off - 360	01-Jun-2006
95677712 1		129,510.00	129,386.00	05-Sep-2006	11.550%	AZ - 90.00%	Paid Off - 360	01-Jun-2006
95678074 1		234,000.00	233,715.48	01-Sep-2006	8.500%	NJ - 90.00%	Paid Off - 360	01-Jul-2006
95765475 1		101,250.00	101,068.55	23-Aug-2006	10.000%	MD - 75.00%	Paid Off - 360	01-May-2006
95786315 1		178,500.00	178,263.63	14-Aug-2006	10.050%	IL - 85.00%	Paid Off - 360	01-Jun-2006
95827390 2		450,000.00	449,351.47	24-Aug-2006	9.650%	IL - 75.00%	Paid Off - 360	01-Jun-2006
95833190 1		211,000.00	210,797.98	06-Sep-2006	11.550%	CA - 64.92%	Paid Off - 360	01-Jun-2006
95836631 1		114,750.00	114,471.69	22-Aug-2006	7.100%	FL - 85.00%	Paid Off - 360	01-Jun-2006
95843439 1		134,900.00	134,625.99	29-Aug-2006	7.990%	MO - 89.99%	Paid Off - 360	01-Jun-2006
95874111 2		245,000.00	244,546.82	16-Aug-2006	9.850%	IL - 100.00%	Paid Off - 360	01-May-2006
95930038 1		82,400.00	82,255.22	17-Aug-2006	8.700%	TX - 80.00%	Paid Off - 360	01-Jun-2006
95930392 1		245,655.00	245,219.45	31-Aug-2006	10.050%	CA - 90.00%	Paid Off - 360	01-May-2006
95935995 1		60,000.00	59,612.35	22-Aug-2006	7.450%	CA - 10.26%	Paid Off - 360	01-Jun-2006
95965075 1		275,000.00	274,814.37	21-Aug-2006	8.850%	AK - 94.83%	Paid Off - 360	01-Jun-2006
95979555 1		81,600.00	81,398.31	01-Sep-2006	8.850%	NM - 80.00%	Paid Off - 360	01-May-2006
96011515 1		180,000.00	179,839.71	31-Aug-2006	7.900%	MD - 90.00%	Paid Off - 360	01-Jun-2006
96016233 2		520,000.00	519,193.47	22-Aug-2006	9.300%	CA - 80.00%	Paid Off - 360	01-Jun-2006


Page 19 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed 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

96052436 1		260,000.00	259,350.54	24-Aug-2006	6.950%	CA - 49.71%	Paid Off - 360	01-Jun-2006
96052436 1		260,000.00	259,350.54	24-Aug-2006	6.950%	CA - 49.71%	Paid Off - 360	01-Jun-2006
96105671 1		371,250.00	370,642.44	31-Aug-2006	9.050%	CA - 75.00%	Paid Off - 360	01-Jun-2006
96136312 1		247,950.00	247,611.06	01-Sep-2006	9.900%	IL - 95.00%	Paid Off - 360	01-Jun-2006
96149075 1		482,800.00	482,211.10	31-Aug-2006	6.900%	HI - 85.00%	Paid Off - 360	01-Jun-2006
96168430 1		400,000.00	399,554.88	17-Aug-2006	10.860%	CA - 74.42%	Paid Off - 360	01-Jun-2006
96168471 1		270,750.00	270,454.49	05-Sep-2006	10.950%	CA - 95.00%	Paid Off - 360	01-Jun-2006
96169156 2		423,000.00	423,000.00	31-Aug-2006	7.825%	CA - 81.35%	Paid Off - 360	01-Jun-2006
96177993 1		178,450.00	178,102.75	05-Sep-2006	8.200%	IL - 83.00%	Paid Off - 360	01-Jun-2006
96199559 2		450,000.00	449,487.17	14-Aug-2006	10.750%	CA - 90.00%	Paid Off - 360	01-Jun-2006
96213673 2		645,000.00	644,601.69	08-Sep-2006	9.150%	AZ - 75.00%	Paid Off - 360	01-Jun-2006
96221718 2		259,200.00	259,200.00	06-Sep-2006	7.900%	CA - 80.00%	Paid Off - 360	01-May-2006
96233432 2		499,900.00	499,364.31	23-Aug-2006	7.250%	NJ - 45.45%	Paid Off - 360	01-Jun-2006
96255955 1		463,500.00	462,607.18	30-Aug-2006	8.250%	NY - 89.14%	Paid Off - 360	01-Jun-2006
96258439 1		165,000.00	164,763.45	30-Aug-2006	9.675%	IL - 73.33%	Paid Off - 360	01-Jun-2006
96262670 1		303,200.00	302,507.04	24-Aug-2006	7.400%	IL - 80.00%	Paid Off - 360	01-Jun-2006
96265673 1		75,600.00	75,509.06	23-Aug-2006	10.500%	KS - 90.00%	Paid Off - 360	01-Jun-2006
96288675 2		488,000.00	487,576.61	30-Aug-2006	7.990%	IL - 80.00%	Paid Off - 360	01-Jun-2006
96297239 1		300,000.00	299,373.39	24-Aug-2006	7.850%	IL - 80.00%	Paid Off - 360	01-Jun-2006
96326830 1		314,400.00	314,219.79	21-Aug-2006	9.400%	CA - 80.00%	Paid Off - 360	01-Jun-2006
96341672 1		148,000.00	147,665.08	01-Sep-2006	7.450%	MD - 70.98%	Paid Off - 360	01-Jun-2006
96343678 1		131,250.00	131,087.86	31-Aug-2006	10.375%	AZ - 72.92%	Paid Off - 360	01-Jun-2006
96390554 1		310,000.00	309,384.40	28-Aug-2006	8.100%	CA - 75.61%	Paid Off - 360	01-Jun-2006
96416839 1		255,500.00	255,032.34	18-Aug-2006	8.500%	IL - 94.98%	Paid Off - 360	01-Jun-2006
96425673 1		144,000.00	143,792.45	29-Aug-2006	9.650%	WI - 82.29%	Paid Off - 360	01-Jun-2006
96467998 2		841,500.00	840,081.59	17-Aug-2006	8.900%	CA - 85.00%	Paid Off - 360	01-Jun-2006
96468392 1		320,000.00	319,344.86	28-Aug-2006	7.950%	AZ - 67.37%	Paid Off - 360	01-Jun-2006
96469598 2		680,000.00	679,999.99	01-Sep-2006	8.450%	CA - 80.00%	Paid Off - 360	01-Jun-2006
96471719 1		94,500.00	94,372.86	08-Sep-2006	9.975%	IL - 90.00%	Paid Off - 360	01-Jun-2006
96474432 1		125,000.00	124,812.10	21-Aug-2006	9.450%	WI - 79.62%	Paid Off - 360	01-Jun-2006
96481874 1		360,000.00	359,429.85	01-Sep-2006	9.200%	CA - 81.82%	Paid Off - 360	01-Jun-2006
96498399 1		185,000.00	184,638.15	31-Aug-2006	8.175%	IL - 55.22%	Paid Off - 360	01-Jun-2006
96505599 1		361,000.00	360,457.39	28-Aug-2006	9.450%	AZ - 95.00%	Paid Off - 360	01-Jun-2006
96505631 2		404,000.00	403,353.46	29-Aug-2006	9.150%	CA - 80.00%	Paid Off - 360	01-Jun-2006
96517917 1		87,600.00	87,481.52	21-Aug-2006	9.950%	MO - 80.00%	Paid Off - 360	01-Jun-2006
96530076 1		139,500.00	139,290.32	31-Aug-2006	9.450%	IL - 90.00%	Paid Off - 360	01-Jun-2006
96547039 2		552,000.00	551,086.75	25-Aug-2006	8.990%	CA - 70.32%	Paid Off - 360	01-Jun-2006
96563879 1		154,800.00	154,567.32	23-Aug-2006	9.450%	IL - 90.00%	Paid Off - 360	01-Jun-2006
96563994 1		81,700.00	81,604.87	01-Sep-2006	10.650%	WI - 95.00%	Paid Off - 360	01-Jun-2006
96566518 1		284,000.00	283,639.58	08-Sep-2006	10.250%	NJ - 80.00%	Paid Off - 360	01-Jun-2006
96569272 1		100,000.00	99,789.00	14-Aug-2006	7.800%	CA - 29.85%	Paid Off - 360	01-Jun-2006
96571039 1		226,000.00	225,508.60	31-Aug-2006	7.650%	IL - 67.46%	Paid Off - 360	01-Jun-2006
96571799 1		210,000.00	209,646.03	01-Sep-2006	8.900%	AZ - 61.77%	Paid Off - 360	01-Jun-2006
96571799 1			209,646.03		8.900%	AZ - 61.77%	Paid Off - 360

Page 20 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed 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

96593595 1		100,800.00	100,615.49	30-Aug-2006	8.500%	IL - 80.00%	Paid Off - 360	01-Jun-2006
96593595 1		100,800.00	100,615.49	30-Aug-2006	8.500%	IL - 80.00%	Paid Off - 360	01-Jun-2006
96593793 1		276,250.00	276,250.00	11-Aug-2006	7.450%	OR - 85.00%	Paid Off - 360	01-Jun-2006
96595954 1		313,500.00	313,500.00	15-Aug-2006	10.450%	CA - 95.00%	Paid Off - 360	01-Jun-2006
96596432 2		332,000.00	332,000.00	23-Aug-2006	8.975%	CA - 80.00%	Paid Off - 360	01-Jul-2006
96607999 1		400,500.00	400,266.99	14-Aug-2006	9.350%	CA - 90.00%	Paid Off - 360	01-Jun-2006
96619796 1		216,000.00	215,632.11	21-Aug-2006	8.850%	NJ - 56.10%	Paid Off - 360	01-Jun-2006
96623558 1		25,200.00	25,176.64	30-Aug-2006	11.700%	IL - 20.00%	Paid Off - 360	01-Jun-2006
96627757 1		212,500.00	212,280.35	22-Aug-2006	11.200%	MO - 85.00%	Paid Off - 360	01-Jun-2006
96675913 2		698,000.00	697,332.31	01-Sep-2006	7.650%	CA - 77.56%	Paid Off - 360	01-Jun-2006
96688874 2		517,500.00	517,500.00	29-Aug-2006	7.500%	AZ - 90.00%	Paid Off - 360	01-Jun-2006
96734751 1		237,500.00	237,259.82	05-Sep-2006	11.300%	UT - 95.00%	Paid Off - 360	01-Jun-2006
96743752 2		206,010.00	205,845.54	14-Aug-2006	10.500%	NJ - 90.00%	Paid Off - 360	01-Jul-2006
96749676 1		148,500.00	148,307.49	01-Sep-2006	10.150%	FL - 90.00%	Paid Off - 360	01-Jun-2006
96750559 1		188,000.00	187,793.83	07-Sep-2006	9.000%	IL - 62.67%	Paid Off - 360	01-Jul-2006
96763792 2		392,000.00	391,791.55	16-Aug-2006	9.650%	WA - 80.00%	Paid Off - 360	01-Jun-2006
96774153 1		355,000.00	354,669.97	16-Aug-2006	7.750%	FL - 77.17%	Paid Off - 360	01-Jun-2006
96777073 1		352,000.00	351,286.69	30-Aug-2006	8.000%	CA - 80.00%	Paid Off - 360	01-Jun-2006
96796230 1		141,000.00	140,821.38	24-Aug-2006	8.300%	MD - 69.80%	Paid Off - 360	01-Jul-2006
96826672 1		354,250.00	353,694.78	22-Aug-2006	9.250%	IL - 83.35%	Paid Off - 360	01-Jun-2006
96830195 2		197,791.00	197,334.43	22-Aug-2006	7.350%	IL - 80.00%	Paid Off - 360	01-Jun-2006
96835590 2		450,800.00	450,395.19	24-Aug-2006	9.950%	CA - 92.00%	Paid Off - 360	01-Jul-2006
96851191 1		400,000.00	399,999.70	07-Sep-2006	8.900%	CA - 78.43%	Paid Off - 360	01-Jun-2006
96873070 2		522,000.00	521,101.72	18-Aug-2006	8.800%	CA - 90.00%	Paid Off - 360	01-Jun-2006
96880836 1		211,050.00	210,761.50	17-Aug-2006	9.900%	IL - 90.00%	Paid Off - 360	01-Jun-2006
96884358 1		385,200.00	384,644.85	18-Aug-2006	9.650%	NY - 90.00%	Paid Off - 360	01-Jun-2006
96907118 1		315,000.00	314,819.43	30-Aug-2006	9.400%	IL - 90.00%	Paid Off - 360	01-Jun-2006
96923594 1		270,000.00	269,778.59	29-Aug-2006	10.375%	CA - 69.23%	Paid Off - 360	01-Jul-2006
96928072 1		275,000.00	275,000.00	18-Aug-2006	7.600%	CA - 71.80%	Paid Off - 360	01-Jun-2006
96948914 2		428,480.00	428,125.05	05-Sep-2006	8.150%	NY - 80.00%	Paid Off - 360	01-Jun-2006
96991435 1		250,000.00	249,728.70	23-Aug-2006	9.050%	AZ - 65.79%	Paid Off - 360	01-Jul-2006
97022750 1		211,500.00	211,500.00	14-Aug-2006	7.625%	FL - 90.00%	Paid Off - 360	01-Jun-2006
97024715 1		189,375.00	189,134.70	07-Sep-2006	10.250%	NJ - 75.00%	Paid Off - 360	01-Jun-2006
97026918 1		371,700.00	371,220.75	14-Aug-2006	10.175%	IL - 90.00%	Paid Off - 360	01-Jun-2006
97028039 1		84,000.00	83,426.29	17-Aug-2006	10.725%	IA - 75.00%	Paid Off - 180	01-Jun-2006
97090476 1		273,600.00	273,249.86	24-Aug-2006	8.250%	IL - 80.00%	Paid Off - 360	01-Jul-2006
97097158 1		112,000.00	111,897.39	25-Aug-2006	11.750%	FL - 70.00%	Paid Off - 360	01-Jun-2006
97121271 2		528,000.00	527,799.04	08-Sep-2006	9.400%	CA - 80.00%	Paid Off - 360	01-Jul-2006
97121677 2		568,000.00	568,000.00	16-Aug-2006	9.050%	CA - 80.00%	Paid Off - 360	01-Jun-2006
97128516 1		280,000.00	279,789.78	01-Sep-2006	10.800%	CA - 80.00%	Paid Off - 360	01-Jul-2006
97129837 1		117,000.00	116,802.77	14-Aug-2006	8.900%	UT - 84.78%	Paid Off - 360	01-Jun-2006
97134639 1		175,500.00	175,350.59	06-Sep-2006	10.200%	MD - 90.00%	Paid Off - 360	01-Jul-2006
97161715 2		300,200.00	299,762.78	22-Aug-2006	9.600%	IL - 95.00%	Paid Off - 360	01-Jun-2006
97161715 2			299,762.78		9.600%	IL - 95.00%	Paid Off - 360

Page 21 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed 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

97168397 1		116,100.00	115,974.36	25-Aug-2006	10.990%	LA - 90.00%	Paid Off - 360	01-Jun-2006
97168397 1		116,100.00	115,974.36	25-Aug-2006	10.990%	LA - 90.00%	Paid Off - 360	01-Jun-2006
97180236 2		316,000.00	315,494.29	06-Sep-2006	9.150%	AZ - 80.00%	Paid Off - 360	01-Jun-2006
97184634 1		396,100.00	395,674.59	24-Aug-2006	9.100%	NJ - 85.00%	Paid Off - 360	01-Jul-2006
97266910 2		650,000.00	649,397.43	28-Aug-2006	9.800%	CA - 86.55%	Paid Off - 360	01-Jul-2006
97295554 2		336,955.00	336,494.38	05-Sep-2006	9.900%	FL - 95.00%	Paid Off - 360	01-Jun-2006
97306674 2		368,000.00	367,662.46	25-Aug-2006	9.850%	CA - 80.00%	Paid Off - 360	01-Jul-2006
97311435 2		1,000,000.00	998,653.56	31-Aug-2006	8.000%	UT - 80.00%	Paid Off - 360	01-Jul-2006
97332233 2		195,200.00	194,947.64	07-Sep-2006	8.200%	RI - 80.00%	Paid Off - 360	01-Jul-2006
97345631 2		517,500.00	517,133.26	24-Aug-2006	11.050%	CA - 90.00%	Paid Off - 360	01-Jul-2006
97379515 2		481,175.00	481,175.00	06-Sep-2006	9.990%	CA - 95.00%	Paid Off - 360	01-Jul-2006
97410237 1		185,400.00	185,060.64	17-Aug-2006	8.500%	CO - 90.00%	Paid Off - 360	01-Jun-2006
97413751 1		98,100.00	98,039.04	21-Aug-2006	11.650%	WI - 90.00%	Paid Off - 360	01-Jul-2006
97414874 1		94,500.00	94,441.27	21-Aug-2006	11.650%	WI - 90.00%	Paid Off - 360	01-Jul-2006
97415517 1		93,500.00	93,413.31	06-Sep-2006	9.800%	TX - 85.00%	Paid Off - 360	01-Jul-2006
97430078 1		233,750.00	233,477.23	07-Sep-2006	8.700%	PA - 85.00%	Paid Off - 360	01-Jul-2006
97443675 1		313,650.00	313,564.49	28-Aug-2006	10.500%	CA - 85.00%	Paid Off - 360	01-Jul-2006
97491831 1		202,410.00	202,214.24	28-Aug-2006	9.600%	TX - 90.00%	Paid Off - 360	01-Jul-2006
97554315 2		658,750.00	657,788.59	15-Aug-2006	7.600%	HI - 85.00%	Paid Off - 360	01-Jul-2006
97573638 2		275,000.00	274,794.24	15-Aug-2006	10.800%	IL - 100.00%	Paid Off - 360	01-Jul-2006
97585517 1		95,000.00	94,896.89	28-Aug-2006	9.050%	WI - 69.34%	Paid Off - 360	01-Jul-2006
97604870 2		412,000.00	412,000.00	17-Aug-2006	10.350%	CA - 80.00%	Paid Off - 360	01-Jul-2006
97615439 2		104,000.00	103,917.42	07-Sep-2006	10.525%	WI - 80.00%	Paid Off - 360	01-Jul-2006
97636070 2		368,800.00	368,412.10	31-Aug-2006	9.200%	NJ - 80.00%	Paid Off - 360	01-Jul-2006
97652390 1		416,000.00	415,580.40	25-Aug-2006	9.400%	CA - 80.00%	Paid Off - 360	01-Jul-2006
97658793 2		526,500.00	526,500.00	17-Aug-2006	8.250%	CA - 90.00%	Paid Off - 360	01-Jul-2006
97668958 2		480,000.00	479,582.53	15-Aug-2006	10.100%	CA - 80.00%	Paid Off - 360	01-Jul-2006
97705990 2		256,640.00	256,294.44	31-Aug-2006	8.000%	FL - 80.00%	Paid Off - 360	01-Jul-2006
97722433 1		65,250.00	65,183.48	18-Aug-2006	9.350%	IA - 75.00%	Paid Off - 360	01-Jul-2006
97750194 2		269,992.00	269,910.08	06-Sep-2006	10.150%	CA - 80.00%	Paid Off - 360	01-Jul-2006
97756399 1		79,800.00	79,757.54	31-Aug-2006	12.350%	UT - 95.00%	Paid Off - 360	01-Jul-2006
97758635 1		110,250.00	110,175.19	31-Aug-2006	11.250%	MI - 90.00%	Paid Off - 360	01-Jul-2006
97775431 1		207,000.00	206,770.63	14-Aug-2006	8.950%	UT - 90.00%	Paid Off - 360	01-Jul-2006
97778674 1		342,000.00	341,855.50	29-Aug-2006	9.050%	UT - 86.58%	Paid Off - 360	01-Jul-2006
97781157 1		136,000.00	135,859.92	06-Sep-2006	9.300%	UT - 85.00%	Paid Off - 360	01-Jul-2006
97787550 1		305,600.00	305,294.98	17-Aug-2006	9.450%	MD - 80.00%	Paid Off - 360	01-Jul-2006
97809115 1		82,250.00	82,128.74	31-Aug-2006	7.550%	FL - 70.00%	Paid Off - 360	01-Jul-2006
97858070 1		204,000.00	203,833.60	21-Aug-2006	10.400%	WI - 80.00%	Paid Off - 360	01-Jul-2006
97973713 1		235,800.00	235,633.79	24-Aug-2006	11.075%	FL - 90.00%	Paid Off - 360	01-Jul-2006
97992192 1		207,000.00	206,841.97	06-Sep-2006	8.250%	IL - 90.00%	Paid Off - 360	01-Jul-2006
98003312 1		265,000.00	264,788.46	22-Aug-2006	10.500%	AZ - 89.83%	Paid Off - 360	01-Jul-2006
98058191 2		352,000.00	351,835.04	07-Sep-2006	8.700%	AZ - 80.00%	Paid Off - 360	01-Jul-2006
98285794 1		276,300.00	275,916.51	23-Aug-2006	7.850%	IL - 90.00%	Paid Off - 360	01-Jul-2006
98285794 1			275,916.51		7.850%	IL - 90.00%	Paid Off - 360

Page 22 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed 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

98301872 2		360,000.00	359,862.97	31-Aug-2006	9.400%	CA - 80.00%	Paid Off - 360	01-Jul-2006
98301872 2		360,000.00	359,862.97	31-Aug-2006	9.400%	CA - 80.00%	Paid Off - 360	01-Jul-2006
98319031 1		313,500.00	313,238.60	01-Sep-2006	10.400%	UT - 95.00%	Paid Off - 360	01-Jul-2006
98323231 1		400,000.00	399,604.94	17-Aug-2006	9.500%	IL - 88.89%	Paid Off - 360	01-Jul-2006
98364870 2		252,000.00	252,000.00	11-Aug-2006	8.650%	WA - 80.00%	Paid Off - 360	01-Jul-2006
98508591 1		182,700.00	182,499.65	31-Aug-2006	9.000%	IL - 63.00%	Paid Off - 360	01-Jul-2006
98576556 2		200,000.00	199,944.64	23-Aug-2006	10.450%	UT - 80.00%	Paid Off - 360	01-Jul-2006
145006763 1		416,000.00	414,482.88	17-Aug-2006	7.650%	IL - 88.89%	Paid Off - 360	01-Apr-2006
145096806 1		132,412.00	131,835.68	31-Aug-2006	8.750%	CA - 80.00%	Paid Off - 360	01-Apr-2006
145209623 2		452,700.00	452,700.00	01-Sep-2006	6.990%	CA - 75.00%	Paid Off - 360	01-Apr-2006
145270781 1		287,196.00	286,116.87	21-Aug-2006	7.500%	MN - 90.00%	Paid Off - 360	01-Apr-2006
146285325 1		274,000.00	273,532.50	06-Sep-2006	8.950%	MD - 84.05%	Paid Off - 360	01-Jun-2006
146672720 1		322,500.00	322,064.88	05-Sep-2006	7.990%	NY - 75.00%	Paid Off - 360	01-Jul-2006
146887047 1		236,200.00	236,200.00	17-Aug-2006	6.700%	CA - 70.93%	Paid Off - 360	01-Jun-2006
146996822 1		184,000.00	183,525.77	14-Aug-2006	8.250%	WI - 86.79%	Paid Off - 360	01-May-2006
147166367 1		158,000.00	157,793.62	18-Aug-2006	8.150%	CA - 66.11%	Paid Off - 360	01-Jul-2006
147887442 1		248,000.00	247,541.38	30-Aug-2006	8.450%	MD - 78.51%	Paid Off - 360	01-Jun-2006
148091788 1		215,640.00	215,061.26	23-Aug-2006	8.050%	RI - 90.00%	Paid Off - 360	01-May-2006
148097447 1		129,000.00	129,000.00	31-Aug-2006	7.650%	AZ - 38.97%	Paid Off - 360	01-Jun-2006
148121403 1		158,500.00	158,209.89	23-Aug-2006	8.500%	NV - 65.23%	Paid Off - 360	01-Jun-2006
148165889 1		207,000.00	207,000.00	21-Aug-2006	10.150%	NJ - 90.00%	Paid Off - 360	01-Jun-2006
148281827 1		80,000.00	79,882.24	01-Sep-2006	9.550%	ME - 43.24%	Paid Off - 360	01-Jun-2006
148408743 1		224,000.00	223,488.04	31-Aug-2006	7.400%	MD - 80.00%	Paid Off - 360	01-Jun-2006
148414949 1		101,977.00	101,840.23	31-Aug-2006	9.990%	MO - 64.54%	Paid Off - 360	01-Jun-2006
148444607 1		61,750.00	61,681.88	22-Aug-2006	10.900%	WI - 65.00%	Paid Off - 360	01-Jun-2006
148600042 1		200,000.00	199,618.66	15-Aug-2006	8.300%	MD - 51.28%	Paid Off - 360	01-Jun-2006
148662729 1		120,050.00	119,871.44	15-Aug-2006	9.500%	MD - 70.00%	Paid Off - 360	01-Jun-2006
148709488 1		333,000.00	333,000.00	08-Sep-2006	7.800%	MA - 90.00%	Paid Off - 360	01-Jun-2006
148760283 1		171,000.00	170,742.98	31-Aug-2006	9.450%	NJ - 55.70%	Paid Off - 360	01-Jun-2006
148783541 1		235,000.00	234,717.37	18-Aug-2006	10.500%	NJ - 50.00%	Paid Off - 360	01-Jun-2006
148823065 1		222,000.00	221,693.30	06-Sep-2006	9.850%	MA - 61.33%	Paid Off - 360	01-Jun-2006
148827504 1		61,500.00	61,433.45	07-Sep-2006	10.990%	FL - 72.35%	Paid Off - 360	01-Jun-2006
148829625 1		64,939.00	64,851.16	30-Aug-2006	9.950%	IL - 67.57%	Paid Off - 360	01-Jun-2006
148835002 1		225,000.00	224,553.18	30-Aug-2006	8.100%	MD - 68.18%	Paid Off - 360	01-Jun-2006
148853484 1		190,000.00	189,592.54	07-Sep-2006	7.990%	HI - 48.10%	Paid Off - 360	01-Jun-2006
148897028 1		108,850.00	108,682.90	31-Aug-2006	9.350%	MD - 81.84%	Paid Off - 360	01-Jun-2006
148916182 1		94,250.00	94,066.60	23-Aug-2006	8.200%	PA - 80.28%	Paid Off - 360	01-Jun-2006
148937766 1		284,000.00	283,480.18	15-Aug-2006	8.500%	NJ - 87.69%	Paid Off - 360	01-Jun-2006
149004343 1		197,100.00	196,764.30	31-Aug-2006	8.850%	MD - 82.02%	Paid Off - 360	01-Jun-2006
149028581 1		248,100.00	247,689.52	16-Aug-2006	8.990%	MD - 75.00%	Paid Off - 360	01-Jun-2006
149029506 1		175,000.00	174,739.71	24-Aug-2006	9.500%	NJ - 73.53%	Paid Off - 360	01-Jun-2006
149075228 1		213,500.00	213,040.43	06-Sep-2006	7.700%	MD - 88.96%	Paid Off - 360	01-Jun-2006
149103822 1		83,700.00	83,540.40	23-Aug-2006	8.300%	FL - 55.80%	Paid Off - 360	01-Jun-2006
149103822 1			83,540.40		8.300%	FL - 55.80%	Paid Off - 360

Page 23 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed 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

149112146 1		60,000.00	59,917.97	31-Aug-2006	9.900%	NY - 46.15%	Paid Off - 360	01-Jun-2006
149112146 1		60,000.00	59,917.97	31-Aug-2006	9.900%	NY - 46.15%	Paid Off - 360	01-Jun-2006
149118507 1		263,000.00	262,564.87	25-Aug-2006	8.990%	GA - 73.06%	Paid Off - 360	01-Jun-2006
149152100 1		155,500.00	155,304.77	30-Aug-2006	10.300%	NJ - 61.46%	Paid Off - 360	01-Jun-2006
149176281 1		342,000.00	341,386.72	31-Aug-2006	8.600%	IL - 61.57%	Paid Off - 360	01-Jun-2006
149194169 1		250,000.00	249,650.92	06-Sep-2006	9.800%	NY - 67.57%	Paid Off - 360	01-Jun-2006
149242323 1		87,000.00	86,851.81	28-Aug-2006	8.850%	MI - 75.00%	Paid Off - 360	01-Jun-2006
149359283 1		365,000.00	364,384.75	01-Sep-2006	8.900%	NY - 66.36%	Paid Off - 360	01-Jun-2006
149378069 1		205,240.00	204,941.07	28-Aug-2006	9.600%	IL - 84.46%	Paid Off - 360	01-Jun-2006
149389645 1		63,641.00	63,524.50	16-Aug-2006	8.500%	FL - 43.09%	Paid Off - 360	01-Jun-2006
149419848 2		499,999.00	499,999.00	25-Aug-2006	8.100%	NJ - 89.91%	Paid Off - 360	01-Jun-2006
149440802 1		306,000.00	305,434.13	15-Aug-2006	8.450%	MI - 90.00%	Paid Off - 360	01-Jun-2006
149468407 1		122,500.00	121,727.70	21-Aug-2006	9.650%	NJ - 63.84%	Paid Off - 360	01-Jun-2006
149472201 1		258,400.00	257,964.45	07-Sep-2006	8.900%	IL - 95.00%	Paid Off - 360	01-Jun-2006
149481947 1		253,000.00	252,536.90	01-Sep-2006	8.500%	MD - 84.33%	Paid Off - 360	01-Jun-2006
149545907 1		183,825.00	183,825.00	22-Aug-2006	7.800%	OR - 88.00%	Paid Off - 360	01-Jun-2006
149569501 1		249,800.00	249,364.85	14-Aug-2006	8.750%	FL - 83.18%	Paid Off - 360	01-Jun-2006
149583221 2		482,600.00	481,889.71	06-Sep-2006	9.550%	NY - 89.70%	Paid Off - 360	01-Jun-2006
149644205 1		161,500.00	161,281.55	21-Aug-2006	9.950%	IL - 85.00%	Paid Off - 360	01-Jun-2006
149903924 1		140,000.00	139,727.57	22-Aug-2006	8.200%	NV - 48.11%	Paid Off - 360	01-Jun-2006
149990269 1		114,750.00	114,582.86	15-Aug-2006	9.600%	PA - 85.00%	Paid Off - 360	01-Jun-2006
150079986 1		208,000.00	207,807.30	16-Aug-2006	11.700%	CA - 84.76%	Paid Off - 360	01-Jun-2006
150094001 1		385,000.00	384,997.24	23-Aug-2006	6.990%	CA - 85.56%	Paid Off - 360	01-Jun-2006
150152403 1		340,000.00	339,345.09	17-Aug-2006	8.250%	MD - 72.34%	Paid Off - 360	01-Jun-2006
150163921 2		170,800.00	170,638.27	31-Aug-2006	9.700%	WI - 70.00%	Paid Off - 360	01-Jul-2006
150202182 1		63,000.00	62,871.06	31-Aug-2006	8.300%	MD - 44.24%	Paid Off - 360	01-Jun-2006
150218188 1		105,133.00	104,906.68	24-Aug-2006	7.700%	AZ - 50.21%	Paid Off - 360	01-Jun-2006
150465920 1		155,400.00	155,199.08	21-Aug-2006	8.200%	MI - 84.00%	Paid Off - 360	01-Jul-2006
150596146 1		137,648.00	137,364.53	25-Aug-2006	8.050%	NJ - 65.24%	Paid Off - 360	01-Jul-2006
150596229 1		246,000.00	245,733.84	24-Aug-2006	10.990%	MA - 71.30%	Paid Off - 360	01-Jun-2006
150597862 1		255,000.00	254,761.09	06-Sep-2006	9.750%	MD - 85.00%	Paid Off - 360	01-Jul-2006
150637627 1		104,115.00	103,996.23	16-Aug-2006	10.750%	GA - 84.58%	Paid Off - 360	01-Jun-2006
150757565 1		380,000.00	379,538.05	01-Sep-2006	10.450%	CA - 79.72%	Paid Off - 360	01-Jun-2006
150826121 1		93,600.00	93,504.59	31-Aug-2006	9.350%	PA - 80.00%	Paid Off - 360	01-Jul-2006
150870228 1		125,100.00	124,999.04	23-Aug-2006	10.450%	SC - 90.00%	Paid Off - 360	01-Jul-2006
150915007 1		320,000.00	319,606.88	01-Sep-2006	8.450%	NY - 53.33%	Paid Off - 360	01-Jul-2006
151212628 1		65,000.00	64,954.43	22-Aug-2006	11.100%	NY - 57.27%	Paid Off - 360	01-Jul-2006
151327640 1		109,000.00	108,906.20	30-Aug-2006	10.150%	SC - 89.71%	Paid Off - 360	01-Jul-2006
151577061 1		178,000.00	177,796.54	28-Aug-2006	8.800%	IL - 65.73%	Paid Off - 360	01-Jul-2006


TOTAL	64,682,060.00	64,602,814.73

Page 24 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



		Group 2	Group 1	Total


Current





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

Cumulative
Cumulative



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

Page 25 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution


DEFAULT SPEEDS

	Group 2	Group 1	Total



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


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


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


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

Page 26 of 31

Argent Securities Inc. 2006-M1

Asset Backed 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 27 of 31

Argent Securities Inc. 2006-M1

Asset Backed 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 28 of 31

Argent Securities Inc. 2006-M1

Asset Backed Pass-Through Certificates

September 25, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Stepdown Date Occurred?

Principal Balance of Class A Certificates

2,334,605,938.57

Distribution Date July 2009

Credit Enhancement Percentage (For Stepdown Date)

20.5003%

Applicable Percentage

39.0000%

Trigger Event In Effect?

Sequential Trigger In Effect?

60+ days Delinquency Balance

0.00

Ending Pool Balance

1,198,397,875.51

1,655,216,166.43

2,853,614,041.94

Delinquency Percentage

0.0000%

Prior Balance of Mezzanine and C Class

585,000,022.28

Prior Pool Balance

1,225,389,565.70

1,694,216,495.15

2,919,606,060.85

Prior Credit Enhancement Percentage

20.0370%

Applicable % of Prior Credit Enhancement Percentage

39.9000%

Cumulative Realized Loss

0.00

Realized Loss Percentage

0.0000%

Applicable % (On and After Stepdown Date)

100.0000%

Master Servicer Test Failed?

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

Page 29 of 31

Argent Securities Inc. 2006-M1

Asset Backed Pass-Through Certificates

September 25, 2006 Distribution

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Current LIBOR Rate

5.324380%

Next LIBOR Rate

5.330000%

LIBOR Rate Determination Date

08/23/2006

Next LIBOR Rate Determination Date

09/21/2006

Escrow Advances

475,771.06

Corporate Advances

16,199.84

P&I Advances

2,597,951.74

Collection Account Balance

61,702,375.51

Distribution Account Balance

1,730.93

Page 30 of 31

Argent Securities Inc. 2006-M1



Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
September 25, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rate	NET WAC Shortfall CarryOver	NET WAC Shortfall Paid
CLASS

	A-1	5.480%	$0.00	$0.00
		5.480%	$0.00	$0.00
	A-2A	5.360%	$0.00	$0.00
		5.360%	$0.00	$0.00
	A-2B	5.420%	$0.00	$0.00
		5.420%	$0.00	$0.00
	A-2C	5.480%	$0.00	$0.00
		5.480%	$0.00	$0.00
	A-2D	5.570%	$0.00	$0.00
		5.570%	$0.00	$0.00
	M-1	5.620%	$0.00	$0.00
		5.620%	$0.00	$0.00
	M-2	5.650%	$0.00	$0.00
		5.650%	$0.00	$0.00
	M-3	5.680%	$0.00	$0.00
		5.680%	$0.00	$0.00
	M-4	5.710%	$0.00	$0.00
		5.710%	$0.00	$0.00
	M-5	5.750%	$0.00	$0.00
		5.750%	$0.00	$0.00
	M-6	5.820%	$0.00	$0.00
		5.820%	$0.00	$0.00
	M-7	6.330%	$0.00	$0.00
		6.330%	$0.00	$0.00
	M-8	6.530%	$0.00	$0.00
		6.530%	$0.00	$0.00
	M-9	7.430%	$0.00	$0.00
		7.430%	$0.00	$0.00
	M-10	7.830%	$0.00	$3,516.60
		7.830%	$0.00	$3,516.60
	CE	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	P	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	R	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	R-X	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00






Page 31 of 31

Argent Securities Trust 2006-M1 10-D