Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 Distribution

External Parties

Table of Contents

Page

Servicer(s)

1. Certificate Payment Report

Barclays Capital Real Estate Inc. d/b/a HomEq Servicing

2. Collection Account Report

3. Credit Enhancement Report

4. Collateral Report

Underwriter(s)

5. Delinquency Report

Barclays Capital Inc.

6. REO Report

7. Foreclosure Report

Swap Counterparty

8. Prepayment Report

Barclays Bank PLC

9. Prepayment Detail Report

10. Realized Loss Report

Cap Provider

11. Realized Loss Detail Report

Barclays Bank PLC

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

February 01, 2007

Amy Stoddard

Close Date:

February 27, 2007

Administrator

First Distribution Date:

March 26, 2007

(714) 247-6255

Amy.Stoddard@db.com

Address:

Distribution Date:

April 25, 2007

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

Record Date:

March 30, 2007

Factor Information:

(800) 735-7777

April 24, 2007

Main Phone Number:

(714) 247-6000

Determination Date:

April 13, 2007

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

Page 1 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution

Certificate Payment Report
Current Period Distribution -
			Prior						Current
			Prior

	Class	Original	Principal			Total	Realized	Deferred	Principal

Class	Type	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	FLT/WAC	281,626,000.00	275,698,088.81	1,252,128.82	6,611,973.14	7,864,101.96	0.00	0.00	269,086,115.67
A-1	FLT/WAC	281,626,000.00	275,698,088.81	1,252,128.82	6,611,973.14	7,864,101.96	0.00	0.00	269,086,115.67
A-2A	FLT/WAC	189,572,000.00	184,253,441.05	822,998.70	7,928,183.81	8,751,182.51	0.00	0.00	176,325,257.24
A-2B	FLT/WAC	116,029,000.00	116,029,000.00	527,931.95	0.00	527,931.95	0.00	0.00	116,029,000.00
A-2C	FLT/WAC	10,529,000.00	10,529,000.00	48,608.88	0.00	48,608.88	0.00	0.00	10,529,000.00
M-1	FLT/WAC	49,743,000.00	49,743,000.00	230,061.38	0.00	230,061.38	0.00	0.00	49,743,000.00
M-2	FLT/WAC	40,965,000.00	40,965,000.00	190,487.25	0.00	190,487.25	0.00	0.00	40,965,000.00
M-3	FLT/WAC	19,229,000.00	19,229,000.00	89,895.58	0.00	89,895.58	0.00	0.00	19,229,000.00
M-4	FLT/WAC	22,991,000.00	22,991,000.00	108,824.07	0.00	108,824.07	0.00	0.00	22,991,000.00
M-5	FLT/WAC	15,884,000.00	15,884,000.00	75,581.37	0.00	75,581.37	0.00	0.00	15,884,000.00
M-6	FLT/WAC	13,794,000.00	13,794,000.00	66,211.20	0.00	66,211.20	0.00	0.00	13,794,000.00
B-1	FLT/WAC	15,466,000.00	15,466,000.00	81,454.27	0.00	81,454.27	0.00	0.00	15,466,000.00
B-2	FLT/WAC	9,196,000.00	9,196,000.00	54,562.93	0.00	54,562.93	0.00	0.00	9,196,000.00
B-3	FLT/WAC	11,286,000.00	11,286,000.00	71,195.85	0.00	71,195.85	0.00	0.00	11,286,000.00
X	EXE	39,711,881.00	39,711,039.36	1,801,754.47	0.00	1,801,754.47	0.00	0.00	39,711,039.36
P	EXE	0.00	0.00	133,482.78	0.00	133,482.78	0.00	0.00	0.00
R-I	EXE	0.00	0.00	18,632.69	0.00	18,632.69	0.00	0.00	0.00
R-II	EXE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		836,021,881.00	824,774,569.22	5,573,812.19	14,540,156.95	20,113,969.14	0.00	0.00	810,234,412.27
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face Value
					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	03/26/07	04/24/07	A-Act/360	81378GAA6	281,626,000.00	978.951122	4.446070	23.477851	27.923920	955.473272
A-1	03/26/07	04/24/07	A-Act/360	81378GAA6	281,626,000.00	978.951122	4.446070	23.477851	27.923920	955.473272
A-2A	03/26/07	04/24/07	A-Act/360	81378GAB4	189,572,000.00	971.944386	4.341352	41.821492	46.162843	930.122894
A-2B	03/26/07	04/24/07	A-Act/360	81378GAC2	116,029,000.00	1,000.000000	4.550000	0.000000	4.550000	1,000.000000
A-2C	03/26/07	04/24/07	A-Act/360	81378GAD0	10,529,000.00	1,000.000000	4.616666	0.000000	4.616666	1,000.000000
M-1	03/26/07	04/24/07	A-Act/360	81378GAE8	49,743,000.00	1,000.000000	4.625000	0.000000	4.625000	1,000.000000
M-2	03/26/07	04/24/07	A-Act/360	81378GAF5	40,965,000.00	1,000.000000	4.650000	0.000000	4.650000	1,000.000000
M-3	03/26/07	04/24/07	A-Act/360	81378GAG3	19,229,000.00	1,000.000000	4.675000	0.000000	4.675000	1,000.000000
M-4	03/26/07	04/24/07	A-Act/360	81378GAH1	22,991,000.00	1,000.000000	4.733333	0.000000	4.733333	1,000.000000
M-5	03/26/07	04/24/07	A-Act/360	81378GAJ7	15,884,000.00	1,000.000000	4.758334	0.000000	4.758334	1,000.000000
M-6	03/26/07	04/24/07	A-Act/360	81378GAK4	13,794,000.00	1,000.000000	4.800000	0.000000	4.800000	1,000.000000
B-1	03/26/07	04/24/07	A-Act/360	81378GAL2	15,466,000.00	1,000.000000	5.266667	0.000000	5.266667	1,000.000000
B-2	03/26/07	04/24/07	A-Act/360	81378GAM0	9,196,000.00	1,000.000000	5.933333	0.000000	5.933333	1,000.000000
B-3	03/26/07	04/24/07	A-Act/360	81378GAN8	11,286,000.00	1,000.000000	6.308333	0.000000	6.308333	1,000.000000
X	03/25/07	04/24/07	A-30/360		39,711,881.00	999.978806	45.370666	0.000000	45.370666	999.978806
P	03/25/07	04/24/07	A-30/360		0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-I			0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-II			0.00	0.000000	0.000000	0.000000	0.000000	0.000000



Page 2 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 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	281,626,000.00	2,403,275.10	12,263,363.01	276,521.32	12,539,884.33	14,943,159.43	0.00	0.00	269,086,115.67
A-2A	189,572,000.00	1,585,078.14	12,960,272.69	286,470.07	13,246,742.76	14,831,820.90	0.00	0.00	176,325,257.24
A-2B	116,029,000.00	1,003,070.71	0.00	0.00	0.00	1,003,070.71	0.00	0.00	116,029,000.00
A-2C	10,529,000.00	92,356.88	0.00	0.00	0.00	92,356.88	0.00	0.00	10,529,000.00
M-1	49,743,000.00	437,116.62	0.00	0.00	0.00	437,116.62	0.00	0.00	49,743,000.00
M-2	40,965,000.00	361,925.78	0.00	0.00	0.00	361,925.78	0.00	0.00	40,965,000.00
M-3	19,229,000.00	170,801.60	0.00	0.00	0.00	170,801.60	0.00	0.00	19,229,000.00
M-4	22,991,000.00	206,765.73	0.00	0.00	0.00	206,765.73	0.00	0.00	22,991,000.00
M-5	15,884,000.00	143,604.60	0.00	0.00	0.00	143,604.60	0.00	0.00	15,884,000.00
M-6	13,794,000.00	125,801.28	0.00	0.00	0.00	125,801.28	0.00	0.00	13,794,000.00
B-1	15,466,000.00	154,763.11	0.00	0.00	0.00	154,763.11	0.00	0.00	15,466,000.00
B-2	9,196,000.00	103,669.57	0.00	0.00	0.00	103,669.57	0.00	0.00	9,196,000.00
B-3	11,286,000.00	135,272.12	0.00	0.00	0.00	135,272.12	0.00	0.00	11,286,000.00
X	39,711,881.00	3,883,224.84	820.43	21.21	841.64	3,884,066.48	0.00	0.22	39,711,039.36
P	0.00	213,167.73	0.00	0.00	0.00	213,167.73	0.00	0.00	0.00
R-I	0.00	18,632.69	0.00	0.00	0.00	18,632.69	0.00	0.00	0.00
R-II	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total	836,021,881.00	11,038,526.50	25,224,456.13	563,012.60	25,787,468.73	36,825,995.23	0.00	0.22	810,234,412.27


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	5.45000%	275,698,088.81	1,252,128.82	0.00	0.00	0.00	1,252,128.82	1,252,128.82	0.00
A-2A	5.36000%	184,253,441.05	822,998.70	0.00	0.00	0.00	822,998.70	822,998.70	0.00
A-2B	5.46000%	116,029,000.00	527,931.95	0.00	0.00	0.00	527,931.95	527,931.95	0.00
A-2C	5.54000%	10,529,000.00	48,608.88	0.00	0.00	0.00	48,608.88	48,608.88	0.00
M-1	5.55000%	49,743,000.00	230,061.38	0.00	0.00	0.00	230,061.38	230,061.38	0.00
M-2	5.58000%	40,965,000.00	190,487.25	0.00	0.00	0.00	190,487.25	190,487.25	0.00
M-3	5.61000%	19,229,000.00	89,895.58	0.00	0.00	0.00	89,895.58	89,895.58	0.00
M-4	5.68000%	22,991,000.00	108,824.07	0.00	0.00	0.00	108,824.07	108,824.07	0.00
M-5	5.71000%	15,884,000.00	75,581.37	0.00	0.00	0.00	75,581.37	75,581.37	0.00
M-6	5.76000%	13,794,000.00	66,211.20	0.00	0.00	0.00	66,211.20	66,211.20	0.00
B-1	6.32000%	15,466,000.00	81,454.27	0.00	0.00	0.00	81,454.27	81,454.27	0.00
B-2	7.12000%	9,196,000.00	54,562.93	0.00	0.00	0.00	54,562.93	54,562.93	0.00
B-3	7.57000%	11,286,000.00	71,195.85	0.00	0.00	0.00	71,195.85	71,195.85	0.00
X	54.44595%	39,711,039.36	0.00	0.00	0.00	0.00	0.00	1,801,754.47	0.00
P	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	133,482.78	0.00
R-I	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	18,632.69	0.00
R-II	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		824,774,569.22	3,619,942.25	0.00	0.00	0.00	3,619,942.25	5,573,812.19	0.00



Page 3 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	7,928,183.81	6,611,973.14	14,540,156.95
Principal Withdrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	7,928,183.81	6,611,973.14	14,540,156.95
Interest Collections	2,887,052.14	2,590,049.75	5,477,101.89
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Fees	-26,343.00	-24,161.08	-51,878.70
Interest Other Accounts	55,447.61	78,035.17	148,589.00
TOTAL NET INTEREST	2,916,156.76	2,643,923.83	5,573,812.19
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	10,844,340.57	9,255,896.97	20,113,969.14




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	129,566.49	149,987.12	279,553.61
Curtailments	49,808.36	40,072.58	89,880.94
Prepayments In Full	7,748,808.96	6,421,913.44	14,170,722.40
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	-108,464.24	-123,412.09	-231,876.33
Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	108,464.24	123,412.09	231,876.33
TOTAL PRINCIPAL COLLECTED	7,928,183.81	6,611,973.14	14,540,156.95




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

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






Page 4 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution


INTEREST - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Interest	3,050,170.24	2,727,821.89	5,777,992.13
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	-5,693.45	-2,407.05	-8,100.50
Delinquent Interest	-2,618,981.24	-2,330,394.65	-4,949,375.89
Compensating Interest	5,693.45	2,407.05	8,100.50
Civil Relief Act Shortfalls	-0.00	-0.00	-0.00
Interest Realized Loss	0.00	0.00	0.00
Interest Advanced	2,455,863.14	2,192,622.52	4,648,485.66
TOTAL INTEREST COLLECTED	2,887,052.14	2,590,049.75	5,477,101.89




INTEREST - WITHDRAWALS

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




INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
	Group 2	Group 1	Total
Prepayment Charges	55,447.61	78,035.17	133,482.78
Net Swap			(3,526.48)

. a) Swap Payment			3,477,758.03
. b) Swap Receipt			3,474,231.56
. c) Swap Termination Payment			0.00
. d) Defaulted Swap Termination Payment			0.00

Cap Payment			0.00
Float			18,632.69
TOTAL INTEREST OTHER ACCOUNTS	55,447.61	78,035.17	148,589.00



INTEREST FEES
INTEREST FEES
	Group 2	Group 1	Total
Current Servicing Fees	26,343.00	24,161.08	50,504.08
Trustee/Custodian Fees	0.00	0.00	1,374.62
TOTAL INTEREST FEES	26,343.00	24,161.08	51,878.70



Page 5 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 Distribution

Credit Enhancement Report

ACCOUNTS

Excess Reserve Fund

Beginning Balance

0.00

Amount Deposited

0.00

Amount Withdrawn

0.00

Net SWAP Amount

0.00

Ending Balance

0.00

Supplemental Float Trust

Beginning Balance

6,000.00

Amount Deposited

18,632.69

Amount Withdrawn

(18,632.69)

Ending Balance

6,000.00

Supplemental Interest Trust

Beginning Balance

0.00

Amount Deposited

3,474,231.56

Amount Withdrawn

3,477,758.03

Net SWAP Amount

(3,526.48)

Ending Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

Page 6 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 Distribution

STRUCTURAL FEATURES

Group 2

Group 1

Total

Overcollateralized Amount - Prior Period

39,711,039.36

Current Period Principal Realized Losses

0.00

Overcollateralized Amount - After Current Losses

39,711,039.36

Extra Principal Distribution Amount

0.00

Overcollateralization Reduction Amount

0.00

Overcollateralized Amount - Ending

39,711,039.36

Overcollateralization Deficiency Amount

0.00

Overcollateralization Excess Amount

0.00

Specified Overcollateralization Amount

39,711,039.36

Net Monthly Excess Cashflow

1,801,754.47

Net Monthly Excess Cashflow Allocated to :

0.00

. a) Unpaid Interest Amounts

0.00

. b) Applied Realized Loss Amounts

0.00

. c) Basis Risk Carryforward Amounts

0.00

Page 7 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	2,028	2,361	4,389
Prior	1,999	2,334	4,333
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-24	-28	-52
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	1,975	2,306	4,281
Principal Balance:


Original	442,139,641.84	393,882,239.38	836,021,881.22
Prior	436,820,684.77	387,953,884.45	824,774,569.22
Prefunding	0.00	0.00	0.00
Scheduled Principal	-129,566.49	-149,987.12	-279,553.61
Partial Prepayments	-49,808.36	-40,072.58	-89,880.94
Full Voluntary Prepayments	-7,748,808.96	-6,421,913.44	-14,170,722.40
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	428,892,500.96	381,341,911.31	810,234,412.27





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 8 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.38559%	8.44132%	8.41185%
Weighted Average Coupon Prior	8.38559%	8.44132%	8.41185%
Weighted Average Coupon Current	8.37830%	8.43820%	8.40648%
Weighted Average Months to Maturity Original	354	353	354
Weighted Average Months to Maturity Prior	354	353	354
Weighted Average Months to Maturity Current	354	352	353
Weighted Avg Remaining Amortization Term Original	406	411	408
Weighted Avg Remaining Amortization Term Prior	406	411	408
Weighted Avg Remaining Amortization Term Current	405	410	407
Weighted Average Seasoning Original	4.54	4.50	4.52
Weighted Average Seasoning Prior	4.54	4.50	4.52
Weighted Average Seasoning Current	5.53	5.49	5.51

Page 9 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Margin Original	6.16727%	6.25597%	6.20825%
Weighted Average Margin Prior	6.16727%	6.25597%	6.20825%
Weighted Average Margin Current	6.16619%	6.25783%	6.20840%
Weighted Average Max Rate Original	15.13010%	15.36860%	15.24031%
Weighted Average Max Rate Prior	15.13010%	15.36860%	15.24031%
Weighted Average Max Rate Current	15.12553%	15.36365%	15.23521%
Weighted Average Min Rate Original	8.13042%	8.37237%	8.24222%
Weighted Average Min Rate Prior	8.13042%	8.37237%	8.24222%
Weighted Average Min Rate Current	8.12585%	8.36748%	8.23715%
Weighted Average Cap Up Original	1.49984%	1.49812%	1.49904%
Weighted Average Cap Up Prior	1.49984%	1.49812%	1.49904%
Weighted Average Cap Up Current	1.49984%	1.49809%	1.49903%
Weighted Average Cap Down Original	1.49984%	1.49812%	1.49904%
Weighted Average Cap Down Prior	1.49984%	1.49812%	1.49904%
Weighted Average Cap Down Current	1.49984%	1.49809%	1.49903%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

	Group 2	Group 1	Total




Current Servicing Fees	26,343.00	24,161.08	50,504.08
Delinquent Servicing Fees	155,312.93	137,471.00	292,783.93
TOTAL SERVICING FEES	181,655.93	161,632.09	343,288.02


Total Servicing Fees	181,655.93	161,632.09	343,288.02
Compensating Interest	-5,693.45	-2,407.05	-8,100.50
Delinquent Servicing Fees	-155,312.93	-137,471.00	-292,783.93
COLLECTED SERVICING FEES	20,649.55	21,754.03	42,403.58


Total Advanced Interest	2,455,863.14	2,192,622.52	4,648,485.66
Total Advanced Principal	108,464.24	123,412.09	231,876.33
Aggregate P&I Advances with respect to this Distribution	2,564,327.38	2,316,034.60	4,880,361.98
Non Recoverable Advance	0.00	0.00	0.00





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
	Group 2	Group 1	Total
Prepayment Interest Shortfall (PPIS)	5,693.45	2,407.05	8,100.50
Compensating Interest	(5,693.45)	(2,407.05)	(8,100.50)
Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00

Weighted Average Net Mortgage Rate			8.1095790000%
Ending Pool Stated Principal Balance			810,234,412.27

Market Value of outstanding REO properties.*

* Information not available with Trustee.




Page 10 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		26,414,226.81	14,342,047.99	3,717,682.20	44,473,957.00
	% Balance		3.26%	1.77%	0.46%	5.49%
	# Loans		127	63	17	207
	% # Loans		2.97%	1.47%	0.40%	4.84%
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	311,476.30	149,873.79	727,909.65	0.00	1,189,259.74
	% Balance	0.04%	0.02%	0.09%	0.00%	0.15%
	# Loans	3	1	4	0	8
	% # Loans	0.07%	0.02%	0.09%	0.00%	0.19%
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	311,476.30	26,564,100.60	15,069,957.64	3,717,682.20	45,663,216.74
	% Balance	0.04%	3.28%	1.86%	0.46%	5.64%
	# Loans	3	128	67	17	215
	% # Loans	0.07%	2.99%	1.57%	0.40%	5.02%

Page 11 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution


GROUP 1
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		9,407,309.65	3,937,912.78	552,898.46	13,898,120.89
	% Balance		2.47%	1.03%	0.14%	3.64%
	# Loans		53	18	2	73
	% # Loans		2.30%	0.78%	0.09%	3.17%
FORECLOSURE	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY	Balance	0.00	0.00	207,661.44	0.00	207,661.44
	% Balance	0.00%	0.00%	0.05%	0.00%	0.05%
	# Loans	0	0	1	0	1
	% # Loans	0.00%	0.00%	0.04%	0.00%	0.04%
REO	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL	Balance	0.00	9,407,309.65	4,145,574.22	552,898.46	14,105,782.33
	% Balance	0.00%	2.47%	1.09%	0.14%	3.70%
	# Loans	0	53	19	2	74
	% # Loans	0.00%	2.30%	0.82%	0.09%	3.21%

Page 12 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution


GROUP 2
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		17,006,917.16	10,404,135.21	3,164,783.74	30,575,836.11
	% Balance		3.97%	2.43%	0.74%	7.13%
	# Loans		74	45	15	134
	% # Loans		3.75%	2.28%	0.76%	6.78%
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	311,476.30	149,873.79	520,248.21	0.00	981,598.30
	% Balance	0.07%	0.03%	0.12%	0.00%	0.23%
	# Loans	3	1	3	0	7
	% # Loans	0.15%	0.05%	0.15%	0.00%	0.35%
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	311,476.30	17,156,790.95	10,924,383.42	3,164,783.74	31,557,434.41
	% Balance	0.07%	4.00%	2.55%	0.74%	7.36%
	# Loans	3	75	48	15	141
	% # Loans	0.15%	3.80%	2.43%	0.76%	7.14%

Page 13 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 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 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 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 15 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	24	28	52
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	24	28	52
Curtailments Amount	49,808.36	40,072.58	89,880.94
Paid in Full Balance	7,748,808.96	6,421,913.44	14,170,722.40
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	7,798,617.32	6,461,986.02	14,260,603.34
Cumulative


Number of Paid in Full Loans	53	55	108
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	53	55	108
Paid in Full Balance	12,906,198.39	12,186,527.90	25,092,726.29
Repurchased Loans Balance	0.00	0.00	0.00
Curtailments Amount	78,715.23	53,014.83	131,730.06
Total Prepayment Amount	12,984,913.62	12,239,542.73	25,224,456.35

Page 16 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	1.79%	1.67%	1.73%
3 Months Avg SMM	1.48%	1.57%	1.52%
12 Months Avg SMM	1.48%	1.57%	1.52%
Avg SMM Since Cut-off	1.48%	1.57%	1.52%



CPR	19.45%	18.26%	18.89%
3 Months Avg CPR	16.38%	17.26%	16.80%
12 Months Avg CPR	16.38%	17.26%	16.80%
Avg CPR Since Cut-off	16.38%	17.26%	16.80%



PSA	1,758.74%	1,664.22%	1,714.65%
3 Months Avg PSA Approximation	1,627.22%	1,728.21%	1,674.69%
12 Months Avg PSA Approximation	1,627.22%	1,728.21%	1,674.69%
Avg PSA Since Cut-off Approximation	1,627.22%	1,728.21%	1,674.69%

Page 17 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 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/(0.002*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): 1 - [(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/(0.002*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 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution

Prepayment Detail Report

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


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

1006425969 2		296,000.00	295,124.26	01-Jan-1900	8.775%	CA - 80.00%	Paid Off - 360	01-Apr-2006
1006425969 2		296,000.00	295,124.26	01-Jan-1900	8.775%	CA - 80.00%	Paid Off - 360	01-Apr-2006
1007433565 1		160,000.00	159,911.14	01-Jan-1900	7.225%	FL - 80.00%	Paid Off - 360	01-Jun-2006
1008015337 1		354,350.00	353,353.93	01-Jan-1900	8.250%	CA - 95.00%	Paid Off - 360	01-Jul-2006
1008077948 2		440,800.00	431,755.41	01-Jan-1900	9.640%	FL - 80.00%	Paid Off - 180	01-Aug-2006
1008184458 1		281,321.00	281,320.97	01-Jan-1900	7.925%	CA - 80.00%	Paid Off - 360	01-Jul-2006
1008212105 1		175,000.00	174,739.49	01-Jan-1900	7.375%	CA - 37.63%	Paid Off - 360	01-Jul-2006
1008220445 1		317,600.00	316,855.69	01-Jan-1900	8.425%	CA - 80.00%	Paid Off - 360	01-Jul-2006
1008327134 2		404,000.00	403,270.00	01-Jan-1900	8.900%	CA - 80.00%	Paid Off - 360	01-Aug-2006
1008396915 2		519,200.00	518,320.07	01-Jan-1900	8.650%	VA - 80.00%	Paid Off - 360	01-Aug-2006
1008669229 2		119,800.00	119,503.25	13-Apr-2007	11.800%	CA - 100.00%	Paid Off - 360	01-Aug-2006
1008803556 1		35,000.00	34,911.13	02-Apr-2007	11.050%	IL - 100.00%	Paid Off - 360	01-Sep-2006
1008836995 2		130,500.00	130,121.44	21-Mar-2007	9.850%	IL - 90.00%	Paid Off - 360	01-Oct-2006
1009041119 2		248,500.00	247,447.36	19-Mar-2007	8.150%	NY - 68.08%	Paid Off - 360	01-Nov-2006
1009187694 1		196,000.00	195,049.08	11-Apr-2007	7.950%	MD - 70.00%	Paid Off - 360	01-Sep-2006
1009315626 2		55,800.00	55,685.50	16-Mar-2007	11.300%	CA - 100.00%	Paid Off - 360	01-Oct-2006
1009356742 1		416,000.00	415,370.93	12-Apr-2007	8.500%	MA - 74.95%	Paid Off - 360	01-Oct-2006
1009416269 1		363,000.00	362,071.92	12-Apr-2007	6.650%	CA - 73.33%	Paid Off - 360	01-Oct-2006
1009546182 1		240,000.00	239,711.52	22-Mar-2007	8.650%	IL - 80.00%	Paid Off - 360	01-Nov-2006
1009714464 1		240,000.00	239,772.34	02-Apr-2007	9.450%	CA - 75.00%	Paid Off - 360	01-Nov-2006
1009788232 1		81,000.00	80,908.45	23-Mar-2007	10.550%	CA - 90.00%	Paid Off - 360	01-Nov-2006
1009805785 2		115,000.00	114,867.82	21-Mar-2007	12.050%	CA - 100.00%	Paid Off - 360	01-Dec-2006
1009827958 2		81,000.00	80,877.68	22-Mar-2007	10.800%	NY - 100.00%	Paid Off - 360	01-Dec-2006
1009841120 1		212,400.00	212,400.00	29-Mar-2007	8.500%	CA - 90.00%	Paid Off - 360	01-Dec-2006
1009998746 1		94,400.00	94,213.17	09-Apr-2007	10.600%	TX - 80.00%	Paid Off - 360	01-Nov-2006
1010058288 1		159,868.00	159,671.60	20-Mar-2007	8.575%	CA - 60.33%	Paid Off - 360	01-Nov-2006
1010143560 1		115,000.00	114,742.64	09-Apr-2007	5.625%	NY - 27.71%	Paid Off - 360	01-Dec-2006
1010170548 2		570,000.00	569,417.53	20-Mar-2007	9.200%	CT - 60.00%	Paid Off - 360	01-Nov-2006
1010171985 2		585,000.00	584,586.68	23-Mar-2007	9.675%	CA - 90.00%	Paid Off - 360	01-Dec-2006
1010203727 2		544,500.00	544,129.53	30-Mar-2007	9.800%	CA - 90.00%	Paid Off - 360	01-Dec-2006
1010214662 2		727,700.00	726,251.14	02-Apr-2007	9.500%	NV - 95.00%	Paid Off - 360	01-Dec-2006
1010274972 1		171,700.00	171,300.53	10-Apr-2007	8.750%	NM - 85.00%	Paid Off - 360	01-Dec-2006
1010349731 2		55,100.00	54,953.43	26-Mar-2007	10.250%	OH - 95.00%	Paid Off - 360	01-Dec-2006
1010351834 2		672,000.00	670,250.52	06-Apr-2007	8.200%	CA - 80.00%	Paid Off - 360	01-Dec-2006
1010354911 2		800,000.00	798,090.26	02-Apr-2007	8.625%	UT - 80.00%	Paid Off - 360	01-Dec-2006
1010359667 1		288,000.00	287,536.16	04-Apr-2007	10.500%	CO - 90.00%	Paid Off - 360	01-Dec-2006
1010367961 1		297,500.00	297,336.38	09-Apr-2007	10.500%	CA - 70.00%	Paid Off - 360	01-Dec-2006
1010378824 1		301,000.00	300,484.52	29-Mar-2007	6.550%	CA - 70.00%	Paid Off - 360	01-Dec-2006
1010407892 1		178,750.00	178,208.99	02-Apr-2007	7.450%	DC - 65.00%	Paid Off - 360	01-Dec-2006
1010415302 1		263,700.00	263,060.74	13-Apr-2007	8.550%	CT - 90.00%	Paid Off - 360	01-Dec-2006
1010429896 2		300,000.00	300,000.00	28-Mar-2007	8.750%	CA - 69.77%	Paid Off - 360	01-Dec-2006


Page 19 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 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

1010453234 2

190,000.00

189,825.83

12-Apr-2007

8.800%

CA - 53.52%

Paid Off - 360

01-Dec-2006

1010501487 2

116,000.00

115,863.72

26-Mar-2007

11.950%

CA - 100.00%

Paid Off - 360

01-Dec-2006

1010518102 1

368,000.00

367,512.18

06-Apr-2007

11.400%

NJ - 80.00%

Paid Off - 360

01-Dec-2006

1010529591 2

213,600.00

213,340.03

26-Mar-2007

7.825%

CA - 80.00%

Paid Off - 360

01-Dec-2006

1010546821 2

172,500.00

172,063.68

23-Mar-2007

10.150%

CA - 75.00%

Paid Off - 360

01-Dec-2006

1010571080 1

126,000.00

125,714.28

10-Apr-2007

8.875%

MI - 89.30%

Paid Off - 360

01-Dec-2006

1010596811 1

290,000.00

289,982.82

30-Mar-2007

6.550%

CA - 61.05%

Paid Off - 360

01-Dec-2006

1010599774 2

76,000.00

75,955.56

06-Apr-2007

10.300%

TX - 64.96%

Paid Off - 360

01-Dec-2006

1010614150 1

250,000.00

249,612.95

27-Mar-2007

6.975%

CA - 53.19%

Paid Off - 360

01-Dec-2006

1010673719 1

300,000.00

299,768.10

19-Mar-2007

9.375%

OR - 54.55%

Paid Off - 360

01-Dec-2006

1010705310 2

337,500.00

337,108.26

11-Apr-2007

7.990%

CA - 68.88%

Paid Off - 360

01-Dec-2006

1010727323 1

156,800.00

156,391.79

30-Mar-2007

8.200%

MD - 80.00%

Paid Off - 360

01-Dec-2006

TOTAL

14,202,889.00

14,170,722.40

Page 20 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 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






	Current Applied Realized Loss X				0.00
	Current Applied Realized Loss B-3				0.00
	Current Applied Realized Loss B-2				0.00
	Current Applied Realized Loss B-1				0.00
	Current Applied Realized Loss M-6				0.00
	Current Applied Realized Loss M-5				0.00
	Current Applied Realized Loss M-4				0.00
	Current Applied Realized Loss M-3				0.00
	Current Applied Realized Loss M-2				0.00
	Current Applied Realized Loss M-1				0.00

Page 21 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 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 22 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 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)*0.0002,MAX(0.0003,MIN(30,WAS)*0.0002-0.0095*(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)*0.0002,MAX(0.0003,MIN(30,Avg WASn,m)*0.0002-0.0095*(Avg WASn,m-60)))

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

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

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

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

Dates correspond to distribution dates.

Page 23 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 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 24 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Mortgage Pass-Through Certificates

April 25, 2007 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Stepdown Date has occurred

Credit Enhancement Percentage (For Stepdown Date)

29.4069%

Trigger Event in effect

Delinquency %

1.4356%

60+ Day Deliquent Mortgage Loan Balance

19,248,989.93

Prior Pool Balance

824,774,569.22

Senior Specified Enhancement %

50.8000%

Cumulative Realized Loss

0.00

Cutoff Pool Balance

836,021,881.22

Realized Loss Percentage

0.0000%

Servicer Event of Default?

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Current LIBOR Rate

5.320000%

Current LIBOR Determination Date

03/22/2007

Next LIBOR Rate

5.320000%

Next LIBOR Determination Date

04/23/2007

Current Swap LIBOR Rate

5.320000%

Page 25 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Total Carryover Unpaid	Carryover Paid	Total Carryover	Int Earnings	Prior Unpaid Carryover	Next Pass Through Rate


CLASS
	A-1	$0.00	$0.00	$0.00	$0.00	$0.00	5.45000%
	A-2A	$0.00	$0.00	$0.00	$0.00	$0.00	5.36000%
	A-2B	$0.00	$0.00	$0.00	$0.00	$0.00	5.46000%
	A-2C	$0.00	$0.00	$0.00	$0.00	$0.00	5.54000%
	M-1	$0.00	$0.00	$0.00	$0.00	$0.00	5.55000%
	M-2	$0.00	$0.00	$0.00	$0.00	$0.00	5.58000%
	M-3	$0.00	$0.00	$0.00	$0.00	$0.00	5.61000%
	M-4	$0.00	$0.00	$0.00	$0.00	$0.00	5.68000%
	M-5	$0.00	$0.00	$0.00	$0.00	$0.00	5.71000%
	M-6	$0.00	$0.00	$0.00	$0.00	$0.00	5.76000%
	B-1	$0.00	$0.00	$0.00	$0.00	$0.00	6.32000%
	B-2	$0.00	$0.00	$0.00	$0.00	$0.00	7.12000%
	B-3	$0.00	$0.00	$0.00	$0.00	$0.00	7.57000%
	X	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%
	P	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%
	R-I	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%
	R-II	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%
	SWAP-IO	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%




Page 26 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
	Group 2	Group 1	Total
Scheduled Payments for all Mortgage Loans	3,179,736.73	2,877,809.00	6,057,545.74
Current Scheduled Payments 1 Month Prior	3,222,329.48	2,919,241.98	6,141,571.46
Current Scheduled Payments 2 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 3 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 4 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 5 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 6 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 7 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 8 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 9 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 10 Month Prior	0.00	0.00	0.00
Current Scheduled Payments 11 Month Prior	0.00	0.00	0.00





Sched. Payments for 60+Day Delinquent Loans	110,634.18	36,417.94	147,052.12
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior	24,276.04	6,643.50	30,919.54
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior	0.00	0.00	0.00





Page 27 of 27

Securitized Asset Backed Receivables LLC Trust 2007-NC2 10-D