Securitized Asset Backed Receivables LLC Trust 2007-HE1

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:

January 01, 2007

Amy Stoddard

Close Date:

January 30, 2007

Administrator

First Distribution Date:

February 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-HE1



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/STEP/WA	257,682,000.00	251,204,547.80	1,155,540.92	3,185,135.25	4,340,676.17	0.00	0.00	248,019,412.55
A-1	FLT/STEP/WA	257,682,000.00	251,204,547.80	1,155,540.92	3,185,135.25	4,340,676.17	0.00	0.00	248,019,412.55
A-2A	FLT/STEP/WA	247,313,000.00	237,233,089.70	1,063,595.02	8,189,331.19	9,252,926.21	0.00	0.00	229,043,758.51
A-2B	FLT/STEP/WA	70,372,000.00	70,372,000.00	318,433.30	0.00	318,433.30	0.00	0.00	70,372,000.00
A-2C	FLT/STEP/WA	82,139,000.00	82,139,000.00	375,101.43	0.00	375,101.43	0.00	0.00	82,139,000.00
A-2D	FLT/STEP/WA	57,595,000.00	57,595,000.00	265,896.92	0.00	265,896.92	0.00	0.00	57,595,000.00
M-1	FLT/STEP/WA	56,640,000.00	56,640,000.00	262,904.00	0.00	262,904.00	0.00	0.00	56,640,000.00
M-2	FLT/STEP/WA	28,546,000.00	28,546,000.00	133,452.55	0.00	133,452.55	0.00	0.00	28,546,000.00
M-3	FLT/STEP/WA	17,498,000.00	17,498,000.00	82,386.42	0.00	82,386.42	0.00	0.00	17,498,000.00
M-4	FLT/STEP/WA	15,195,000.00	15,195,000.00	72,429.50	0.00	72,429.50	0.00	0.00	15,195,000.00
M-5	FLT/STEP/WA	14,274,000.00	14,274,000.00	68,634.15	0.00	68,634.15	0.00	0.00	14,274,000.00
M-6	FLT/STEP/WA	12,893,000.00	12,893,000.00	62,745.93	0.00	62,745.93	0.00	0.00	12,893,000.00
B-1	FLT/STEP/WA	12,893,000.00	12,893,000.00	72,200.80	0.00	72,200.80	0.00	0.00	12,893,000.00
B-2	FLT/STEP/WA	10,591,000.00	10,591,000.00	66,811.56	0.00	66,811.56	0.00	0.00	10,591,000.00
B-3	FLT/STEP/WA	8,749,000.00	8,749,000.00	55,191.61	0.00	55,191.61	0.00	0.00	8,749,000.00
X	EXE	28,548,971.28	28,548,798.10	1,788,925.75	0.00	1,788,925.75	0.00	0.00	28,548,798.10
P	EXE	0.00	0.00	49,395.06	0.00	49,395.06	0.00	0.00	0.00
R-I	NPR/EXE	0.00	0.00	24,183.33	0.00	24,183.33	0.00	0.00	0.00
R-II	NPR/EXE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		920,928,971.28	904,371,435.60	5,917,828.25	11,374,466.44	17,292,294.69	0.00	0.00	892,996,969.16
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	81377JAA1	257,682,000.00	974.862613	4.484368	12.360721	16.845089	962.501892
A-1	03/26/07	04/24/07	A-Act/360	81377JAA1	257,682,000.00	974.862613	4.484368	12.360721	16.845089	962.501892
A-2A	03/26/07	04/24/07	A-Act/360	81377JAB9	247,313,000.00	959.242295	4.300603	33.113226	37.413829	926.129069
A-2B	03/26/07	04/24/07	A-Act/360	81377JAC7	70,372,000.00	1,000.000000	4.525000	0.000000	4.525000	1,000.000000
A-2C	03/26/07	04/24/07	A-Act/360	81377JAD5	82,139,000.00	1,000.000000	4.566667	0.000000	4.566667	1,000.000000
A-2D	03/26/07	04/24/07	A-Act/360	81377JAE3	57,595,000.00	1,000.000000	4.616667	0.000000	4.616667	1,000.000000
M-1	03/26/07	04/24/07	A-Act/360	81377JAF0	56,640,000.00	1,000.000000	4.641667	0.000000	4.641667	1,000.000000
M-2	03/26/07	04/24/07	A-Act/360	81377JAG8	28,546,000.00	1,000.000000	4.675000	0.000000	4.675000	1,000.000000
M-3	03/26/07	04/24/07	A-Act/360	81377JAH6	17,498,000.00	1,000.000000	4.708334	0.000000	4.708334	1,000.000000
M-4	03/26/07	04/24/07	A-Act/360	81377JAJ2	15,195,000.00	1,000.000000	4.766667	0.000000	4.766667	1,000.000000
M-5	03/26/07	04/24/07	A-Act/360	81377JAK9	14,274,000.00	1,000.000000	4.808333	0.000000	4.808333	1,000.000000
M-6	03/26/07	04/24/07	A-Act/360	81377JAL7	12,893,000.00	1,000.000000	4.866666	0.000000	4.866666	1,000.000000
B-1	03/26/07	04/24/07	A-Act/360	81377JAM5	12,893,000.00	1,000.000000	5.600000	0.000000	5.600000	1,000.000000
B-2	03/26/07	04/24/07	A-Act/360	81377JAN3	10,591,000.00	1,000.000000	6.308333	0.000000	6.308333	1,000.000000
B-3	03/26/07	04/24/07	A-Act/360	81377JAP8	8,749,000.00	1,000.000000	6.308334	0.000000	6.308334	1,000.000000
X		BC07H100X	28,548,971.28	999.993934	62.661654	0.000000	62.661654	999.993934
P		BC07H100P	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-HE1



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	257,682,000.00	3,313,211.31	9,359,041.54	303,545.91	9,662,587.45	12,975,798.76	0.00	0.00	248,019,412.55
A-2A	247,313,000.00	3,073,204.80	17,715,539.55	553,701.94	18,269,241.49	21,342,446.29	0.00	0.00	229,043,758.51
A-2B	70,372,000.00	902,227.68	0.00	0.00	0.00	902,227.68	0.00	0.00	70,372,000.00
A-2C	82,139,000.00	1,062,787.39	0.00	0.00	0.00	1,062,787.39	0.00	0.00	82,139,000.00
A-2D	57,595,000.00	753,374.61	0.00	0.00	0.00	753,374.61	0.00	0.00	57,595,000.00
M-1	56,640,000.00	744,894.67	0.00	0.00	0.00	744,894.67	0.00	0.00	56,640,000.00
M-2	28,546,000.00	378,115.56	0.00	0.00	0.00	378,115.56	0.00	0.00	28,546,000.00
M-3	17,498,000.00	233,428.19	0.00	0.00	0.00	233,428.19	0.00	0.00	17,498,000.00
M-4	15,195,000.00	205,216.92	0.00	0.00	0.00	205,216.92	0.00	0.00	15,195,000.00
M-5	14,274,000.00	194,463.43	0.00	0.00	0.00	194,463.43	0.00	0.00	14,274,000.00
M-6	12,893,000.00	177,780.14	0.00	0.00	0.00	177,780.14	0.00	0.00	12,893,000.00
B-1	12,893,000.00	204,568.93	0.00	0.00	0.00	204,568.93	0.00	0.00	12,893,000.00
B-2	10,591,000.00	189,299.41	0.00	0.00	0.00	189,299.41	0.00	0.00	10,591,000.00
B-3	8,749,000.00	156,376.23	0.00	0.00	0.00	156,376.23	0.00	0.00	8,749,000.00
X	28,548,971.28	6,000,809.29	167.75	5.43	173.18	6,000,982.47	0.00	0.00	28,548,798.10
P	0.00	244,771.84	0.00	0.00	0.00	244,771.84	0.00	0.00	0.00
R-I	0.00	34,791.54	0.00	0.00	0.00	34,791.54	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	920,928,971.28	17,869,321.94	27,074,748.84	857,253.28	27,932,002.12	45,801,324.06	0.00	0.00	892,996,969.16


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	5.52000%	251,204,547.80	1,155,540.92	0.00	0.00	0.00	1,155,540.92	1,155,540.92	0.00
A-2A	5.38000%	237,233,089.70	1,063,595.02	0.00	0.00	0.00	1,063,595.02	1,063,595.02	0.00
A-2B	5.43000%	70,372,000.00	318,433.30	0.00	0.00	0.00	318,433.30	318,433.30	0.00
A-2C	5.48000%	82,139,000.00	375,101.43	0.00	0.00	0.00	375,101.43	375,101.43	0.00
A-2D	5.54000%	57,595,000.00	265,896.92	0.00	0.00	0.00	265,896.92	265,896.92	0.00
M-1	5.57000%	56,640,000.00	262,904.00	0.00	0.00	0.00	262,904.00	262,904.00	0.00
M-2	5.61000%	28,546,000.00	133,452.55	0.00	0.00	0.00	133,452.55	133,452.55	0.00
M-3	5.65000%	17,498,000.00	82,386.42	0.00	0.00	0.00	82,386.42	82,386.42	0.00
M-4	5.72000%	15,195,000.00	72,429.50	0.00	0.00	0.00	72,429.50	72,429.50	0.00
M-5	5.77000%	14,274,000.00	68,634.15	0.00	0.00	0.00	68,634.15	68,634.15	0.00
M-6	5.84000%	12,893,000.00	62,745.93	0.00	0.00	0.00	62,745.93	62,745.93	0.00
B-1	6.72000%	12,893,000.00	72,200.80	0.00	0.00	0.00	72,200.80	72,200.80	0.00
B-2	7.57000%	10,591,000.00	66,811.56	0.00	0.00	0.00	66,811.56	66,811.56	0.00
B-3	7.57000%	8,749,000.00	55,191.61	0.00	0.00	0.00	55,191.61	55,191.61	0.00
X	75.19444%	28,548,798.10	0.00	0.00	0.00	0.00	0.00	1,788,925.75	0.00
P	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	49,395.06	0.00
R-I	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	24,183.33	0.00
R-II	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		904,371,435.60	4,055,324.11	0.00	0.00	0.00	4,055,324.11	5,917,828.25	0.00



Page 3 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	8,189,331.19	3,185,135.25	11,374,466.44
Principal Withdrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	8,189,331.19	3,185,135.25	11,374,466.44
Interest Collections	3,741,783.82	2,138,866.81	5,880,650.63
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Other Accounts	10,210.68	39,184.38	63,106.63
Interest Fees	-29,728.63	-18,876.43	-50,112.34
TOTAL NET INTEREST	3,722,265.86	2,159,174.76	5,893,644.91
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	11,911,597.05	5,344,310.01	17,268,111.35




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	172,784.90	111,814.79	284,599.69
Prepayments In Full	1,215,189.71	3,058,174.36	4,273,364.07
Curtailments	6,589.73	15,146.10	21,735.83
Liquidations	0.00	0.00	0.00
Insurance Principal	0.00	0.00	0.00
Repurchased Principal Amounts	6,794,766.85	0.00	6,794,766.85
Other Principal	0.00	0.00	0.00
Total Realized Loss Of Principal	-0.00	-0.00	-0.00
Delinquent Principal	-152,425.40	-96,294.53	-248,719.93
Advanced Principal	152,425.40	96,294.53	248,719.93
TOTAL PRINCIPAL COLLECTED	8,189,331.19	3,185,135.25	11,374,466.44




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK






Page 4 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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


INTEREST - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Interest	3,925,100.16	2,260,369.49	6,185,469.65
Liquidation Interest	0.00	0.00	0.00
Repurchased Interest	51,978.06	0.00	51,978.06
Insurance Interest	0.00	0.00	0.00
Other Interest	0.00	0.00	0.00
Relief Act Interest Shortfalls	-0.00	-0.00	-0.00
Prepayment Interest Shortfalls	-1,231.31	-3,178.01	-4,409.32
Compensating Interest	1,231.31	3,178.01	4,409.33
Delinquent Interest	-3,491,160.00	-1,955,856.67	-5,447,016.67
Interest Advanced	3,255,865.60	1,834,354.00	5,090,219.61
Interest Loss	-0.00	-0.00	-0.00
TOTAL INTEREST COLLECTED	3,741,783.82	2,138,866.81	5,880,650.63




INTEREST - WITHDRAWALS

	Group 2	Group 1	Total
Nonrecoverable 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	10,210.68	39,184.38	49,395.06
Net Swap Receipt			13,711.57
. a) Swap Payment			(3,672,267.72)
. b) Swap Receipt			3,685,979.28
. c) Swap Termination Payment			0.00
. d) Defaulted Swap Termination Payment			0.00
Cap Amount
Float
TOTAL INTEREST OTHER ACCOUNTS	10,210.68	39,184.38	63,106.63




INTEREST FEES
INTEREST FEES
	Group 2	Group 1	Total
Current Servicing Fees	29,728.63	18,876.43	48,605.06
Trustee/Custodian Fees			1,507.28
TOTAL INTEREST OTHER FEES	29,728.63	18,876.43	50,112.34



Page 5 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



Mortgage Pass-Through Certificates
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
Ending Balance	0.00


Supplemental Float Trust

Beginning Balance	6,000.00
Amount Deposited	24,183.33
Amount Withdrawn	24,183.33
Ending Balance	6,000.00


Supplemental Interest Trust

Beginning Balance	0.00
Amount Deposited	3,685,979.28
Amount Withdrawn	(3,672,267.72)
Net SWAP Amount	13,711.57
Ending Balance	0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
		Group 2	Group 1	Total
Overcollateralized Amount - Prior Period				28,548,798.10
Current Period Principal Realized Losses				0.00
Overcollateralized Amount - After Current Losses				28,548,798.10

Extra Principal Distribution Amount				0.00
Overcollateralization Reduction Amount				0.00
Overcollateralized Amount - Ending				28,548,798.10

Overcollateralization Deficiency Amount				0.00
Overcollateralization Excess Amount				0.00
Specified Overcollateralization Amount				28,548,798.10

Net Monthly Excess Cashflow				1,788,925.74
Net Monthly Excess Cashflow Allocated to :				0.00
. a) Unpaid Interest Amounts		0.00	0.00	0.00
. b) Applied Realized Loss Amounts				0.00
. c) Basis Risk Carryforward Amounts				0.00


Page 6 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	2,798	2,015	4,813
Prior	2,759	1,981	4,740
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-6	-14	-20
Repurchases	-35	-0	-35
Liquidations	-0	-0	-0
Current	2,718	1,967	4,685
Principal Balance:


Original	589,078,159.04	331,850,812.24	920,928,971.28
Prior	578,998,143.78	325,373,291.82	904,371,435.60
Prefunding	0.00	0.00	0.00
Scheduled Principal	-172,784.90	-111,814.79	-284,599.69
Partial Prepayments	-6,589.73	-15,146.10	-21,735.83
Full Voluntary Prepayments	-1,215,189.71	-3,058,174.36	-4,273,364.07
Repurchases	-6,794,766.85	-0.00	-6,794,766.85
Liquidations	-0.00	-0.00	-0.00
Current	570,808,812.59	322,188,156.57	892,996,969.16





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.24813%	8.34520%	8.28310%
Weighted Average Coupon Prior	8.24503%	8.34108%	8.27961%
Weighted Average Coupon Current	8.24378%	8.33640%	8.27710%
Weighted Average Months to Maturity Original	354	354	354
Weighted Average Months to Maturity Prior	353	353	353
Weighted Average Months to Maturity Current	352	352	352
Weighted Avg Remaining Amortization Term Original	462	441	454
Weighted Avg Remaining Amortization Term Prior	460	441	453
Weighted Avg Remaining Amortization Term Current	459	439	452
Weighted Average Seasoning Original	4.23	4.33	4.26
Weighted Average Seasoning Prior	5.23	5.32	5.26
Weighted Average Seasoning Current	6.21	6.33	6.25

Page 8 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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	6.42583%	6.33736%	6.39242%
Weighted Average Margin Prior	6.42466%	6.33337%	6.39022%
Weighted Average Margin Current	6.42608%	6.33210%	6.39062%
Weighted Average Max Rate Original	14.30823%	14.88449%	14.52586%
Weighted Average Max Rate Prior	14.30281%	14.87955%	14.52039%
Weighted Average Max Rate Current	14.30007%	14.87337%	14.51639%
Weighted Average Min Rate Original	7.80346%	8.23081%	7.96485%
Weighted Average Min Rate Prior	7.79798%	8.22598%	7.95945%
Weighted Average Min Rate Current	7.79520%	8.21952%	7.95531%
Weighted Average Cap Up Original	1.00212%	1.15803%	1.06100%
Weighted Average Cap Up Prior	1.00214%	1.15797%	1.06093%
Weighted Average Cap Up Current	1.00216%	1.15814%	1.06101%
Weighted Average Cap Down Original	1.00212%	1.15803%	1.06100%
Weighted Average Cap Down Prior	1.00214%	1.15797%	1.06093%
Weighted Average Cap Down Current	1.00216%	1.15814%	1.06101%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

	Group 2	Group 1	Total




Current Servicing Fees	29,728.63	18,876.43	48,605.06
Delinquent Servicing Fees	210,431.38	116,484.28	326,915.66
TOTAL SERVICING FEES	240,160.01	135,360.72	375,520.73


Compensating Interest	-1,231.31	-3,178.01	-4,409.33
Delinquent Servicing Fees	-210,431.38	-116,484.28	-326,915.66
COLLECTED SERVICING FEES	28,497.32	15,698.42	44,195.74


Total Advanced Interest	3,255,865.60	1,834,354.00	5,090,219.61
Total Advanced Principal	152,425.40	96,294.53	248,719.93
Aggregate Advances with respect to this Distribution	3,408,291.00	1,930,648.53	5,338,939.54





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
	Group 2	Group 1	Total
Prepayment Interest Shortfall (PPIS)	1,231.31	3,178.01	4,409.32
Compensating Interest	(1,231.31)	(3,178.01)	(4,409.33)
Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00

Weighted Average Net Mortgage Rate	7.693403%	7.818676%	7.738474%


Pool Factor	96.781358%	96.964724%	96.847435%





Page 9 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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		27,607,963.65	15,477,378.53	4,118,315.56	47,203,657.74
	% Balance		3.09%	1.73%	0.46%	5.29%
	# Loans		127	69	32	228
	% # Loans		2.71%	1.47%	0.68%	4.87%
FORECLOSURE	Balance	0.00	0.00	7,316,933.95	13,290,242.31	20,607,176.26
	% Balance	0.00%	0.00%	0.82%	1.49%	2.31%
	# Loans	0	0	29	45	74
	% # Loans	0.00%	0.00%	0.62%	0.96%	1.58%
BANKRUPTCY	Balance	441,928.87	146,267.02	0.00	458,603.48	1,046,799.37
	% Balance	0.05%	0.02%	0.00%	0.05%	0.12%
	# Loans	2	2	0	4	8
	% # Loans	0.04%	0.04%	0.00%	0.09%	0.17%
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	441,928.87	27,754,230.67	22,794,312.48	17,867,161.35	68,857,633.37
	% Balance	0.05%	3.11%	2.55%	2.00%	7.71%
	# Loans	2	129	98	81	310
	% # Loans	0.04%	2.75%	2.09%	1.73%	6.62%

Page 10 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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		8,921,740.61	4,377,887.43	717,484.44	14,017,112.48
	% Balance		2.77%	1.36%	0.22%	4.35%
	# Loans		46	26	6	78
	% # Loans		2.34%	1.32%	0.31%	3.97%
FORECLOSURE	Balance	0.00	0.00	2,593,811.40	3,846,100.32	6,439,911.72
	% Balance	0.00%	0.00%	0.81%	1.19%	2.00%
	# Loans	0	0	12	17	29
	% # Loans	0.00%	0.00%	0.61%	0.86%	1.47%
BANKRUPTCY	Balance	298,112.27	0.00	0.00	458,603.48	756,715.75
	% Balance	0.09%	0.00%	0.00%	0.14%	0.23%
	# Loans	1	0	0	4	5
	% # Loans	0.05%	0.00%	0.00%	0.20%	0.25%
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	298,112.27	8,921,740.61	6,971,698.83	5,022,188.24	21,213,739.95
	% Balance	0.09%	2.77%	2.16%	1.56%	6.58%
	# Loans	1	46	38	27	112
	% # Loans	0.05%	2.34%	1.93%	1.37%	5.69%

Page 11 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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		18,686,223.04	11,099,491.10	3,400,831.12	33,186,545.26
	% Balance		3.27%	1.94%	0.60%	5.81%
	# Loans		81	43	26	150
	% # Loans		2.98%	1.58%	0.96%	5.52%
FORECLOSURE	Balance	0.00	0.00	4,723,122.55	9,444,141.99	14,167,264.54
	% Balance	0.00%	0.00%	0.83%	1.65%	2.48%
	# Loans	0	0	17	28	45
	% # Loans	0.00%	0.00%	0.63%	1.03%	1.66%
BANKRUPTCY	Balance	143,816.60	146,267.02	0.00	0.00	290,083.62
	% Balance	0.03%	0.03%	0.00%	0.00%	0.05%
	# Loans	1	2	0	0	3
	% # Loans	0.04%	0.07%	0.00%	0.00%	0.11%
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	143,816.60	18,832,490.06	15,822,613.65	12,844,973.11	47,643,893.42
	% Balance	0.03%	3.30%	2.77%	2.25%	8.35%
	# Loans	1	83	60	54	198
	% # Loans	0.04%	3.05%	2.21%	1.99%	7.28%

Page 12 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1

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 13 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
April 25, 2007 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:
11628263 2	73,400.00	73,159.89	01-Dec-2006	9.990%	TX - 100.00%	360	01-Oct-2006
11631172 2	624,000.00	623,382.56	01-Nov-2006	7.750%	CA - 80.00%	360	01-Oct-2006
11637644 1	196,000.00	195,536.31	01-Oct-2006	11.375%	OH - 80.00%	360	01-Oct-2006
11646887 1	212,800.00	212,336.55	01-Dec-2006	7.225%	CO - 80.00%	360	01-Nov-2006
11647920 1	240,000.00	239,635.14	01-Dec-2006	9.020%	IL - 80.00%	360	01-Oct-2006
11648225 1	289,600.00	289,313.46	01-Dec-2006	7.750%	WA - 80.00%	360	01-Oct-2006
11650698 2	548,000.00	547,171.29	01-Nov-2006	8.500%	FL - 80.00%	360	01-Nov-2006
11655491 2	460,000.00	459,584.26	01-Dec-2006	7.990%	CA - 80.00%	360	01-Oct-2006
11657526 2	199,200.00	199,062.50	01-Nov-2006	8.695%	CA - 80.00%	360	01-Oct-2006
11658801 1	176,000.00	176,000.00	01-Nov-2006	7.570%	CO - 80.00%	360	01-Oct-2006
11659728 2	314,400.00	313,848.97	01-Oct-2006	7.990%	MD - 80.00%	360	01-Nov-2006
11660945 1	308,000.00	307,364.48	01-Dec-2006	7.970%	VA - 80.00%	360	01-Oct-2006
11664575 2	522,400.00	521,992.18	01-Nov-2006	8.375%	CA - 80.00%	360	01-Oct-2006
11664738 2	292,000.00	292,000.00	01-Dec-2006	7.375%	CA - 80.00%	360	01-Oct-2006
11664769 2	408,000.00	407,417.19	01-Dec-2006	8.695%	CA - 80.00%	360	01-Nov-2006
11665416 2	232,000.00	231,119.55	01-Dec-2006	8.375%	TX - 80.00%	360	01-Nov-2006
11665455 2	77,000.00	76,879.96	01-Oct-2006	12.550%	VA - 100.00%	360	01-Nov-2006
11666395 2	102,000.00	101,788.46	01-Dec-2006	11.250%	CA - 100.00%	360	01-Nov-2006
11666932 2	256,000.00	255,828.28	01-Nov-2006	8.770%	CA - 80.00%	360	01-Oct-2006
11669239 2	184,000.00	183,711.42	01-Nov-2006	8.375%	MD - 80.00%	360	01-Nov-2006
11670114 1	145,800.00	145,670.92	01-Dec-2006	8.045%	FL - 90.00%	360	01-Oct-2006
11670897 1	87,300.00	86,774.35	01-Dec-2006	8.250%	MI - 90.00%	360	01-Nov-2006
11674113 2	148,000.00	147,916.83	01-Nov-2006	8.820%	CA - 80.00%	360	01-Nov-2006
11674615 2	338,200.00	337,785.83	01-Dec-2006	6.750%	CA - 80.00%	360	01-Nov-2006
11675113 2	272,000.00	271,557.70	01-Dec-2006	8.250%	FL - 80.00%	360	01-Nov-2006
11675508 2	218,392.00	218,091.31	01-Dec-2006	7.990%	CA - 80.00%	360	01-Nov-2006
11675706 2	448,000.00	446,162.41	01-Nov-2006	7.990%	FL - 80.00%	360	01-Nov-2006
11677247 2	576,000.00	575,121.33	01-Oct-2006	8.470%	CA - 80.00%	360	01-Nov-2006
11677250 2	144,000.00	143,701.35	01-Nov-2006	11.250%	CA - 100.00%	360	01-Nov-2006
11678231 1	193,500.00	192,895.26	01-Dec-2006	9.320%	WA - 90.00%	360	01-Nov-2006
11678585 2	229,500.00	229,164.89	01-Dec-2006	8.620%	CA - 90.00%	360	01-Nov-2006
11679037 1	356,000.00	356,000.00	01-Nov-2006	6.600%	CA - 80.00%	360	01-Nov-2006
11680693 2	480,000.00	478,312.54	01-Nov-2006	8.750%	NY - 80.00%	360	01-Nov-2006
11681241 2	551,200.00	550,857.67	01-Dec-2006	8.560%	CA - 80.00%	360	01-Nov-2006
11682476 1	280,000.00	279,677.17	01-Dec-2006	9.420%	VA - 80.00%	360	01-Nov-2006
11682674 2	292,000.00	291,406.59	01-Dec-2006	7.680%	CA - 80.00%	360	01-Nov-2006
11683341 1	380,000.00	379,693.57	01-Dec-2006	7.875%	FL - 80.00%	360	01-Nov-2006
11684484 2	380,000.00	378,395.32	01-Nov-2006	7.845%	NY - 80.00%	360	01-Nov-2006
11684795 2	436,000.00	435,235.83	01-Dec-2006	7.990%	CA - 80.00%	360	01-Nov-2006
11685827 2	524,000.00	523,766.99	01-Oct-2006	9.420%	FL - 80.00%	360	01-Nov-2006
11686264 2	272,000.00	271,617.69	01-Nov-2006	8.750%	NJ - 80.00%	360	01-Nov-2006
11686733 1	318,750.00	318,270.78	01-Nov-2006	8.520%	CT - 85.00%	360	01-Nov-2006
11687471 1	356,250.00	355,953.53	01-Nov-2006	10.500%	FL - 95.00%	360	01-Nov-2006
11687471 1	356,250.00			10.500%	FL - 95.00%


Page 14 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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

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
11687702 1
11687702 1	91,600.00	91,298.52	01-Dec-2006	9.070%	TX - 80.00%	360	01-Nov-2006

11687703 1	22,900.00	22,837.83	01-Nov-2006	9.990%	TX - 100.00%	360	01-Nov-2006
11687899 2	272,000.00	271,246.30	01-Nov-2006	9.895%	MA - 80.00%	360	01-Nov-2006
11688271 2	319,200.00	318,717.29	01-Nov-2006	8.500%	MD - 80.00%	360	01-Nov-2006
11688272 2	79,800.00	79,681.05	01-Dec-2006	12.750%	MD - 100.00%	360	01-Nov-2006
11691355 1	263,500.00	263,322.59	01-Nov-2006	8.350%	CA - 85.00%	360	01-Nov-2006
11692117 2	433,600.00	432,491.83	01-Nov-2006	6.650%	CA - 80.00%	360	01-Nov-2006
11692306 1	320,000.00	319,061.55	01-Dec-2006	9.625%	CA - 80.00%	360	01-Nov-2006
11695502 2	147,200.00	147,028.01	01-Nov-2006	9.375%	IL - 80.00%	360	01-Nov-2006
11695521 2	369,200.00	368,978.05	01-Dec-2006	8.645%	CA - 80.00%	360	01-Nov-2006
11696949 2	86,000.00	85,361.35	01-Dec-2006	7.745%	MS - 80.00%	360	01-Nov-2006
11699494 2	384,000.00	383,655.95	01-Nov-2006	7.595%	CA - 80.00%	360	01-Nov-2006
11702017 2	560,000.00	559,391.25	01-Oct-2006	7.075%	CA - 80.00%	360	01-Nov-2006
11702023 2	140,000.00	139,649.57	01-Nov-2006	10.375%	CA - 100.00%	360	01-Nov-2006
11704066 2	290,400.00	289,932.93	01-Dec-2006	8.345%	CA - 80.00%	360	01-Nov-2006
11704067 2	72,600.00	72,445.33	01-Nov-2006	11.125%	CA - 100.00%	360	01-Nov-2006
11704228 2	532,000.00	531,506.09	01-Nov-2006	7.500%	CA - 80.00%	360	01-Nov-2006
11704641 1	352,000.00	351,702.45	01-Nov-2006	7.750%	VA - 80.00%	360	01-Nov-2006
11706181 2	247,200.00	246,728.58	01-Nov-2006	7.695%	FL - 80.00%	360	01-Nov-2006
11706654 2	524,000.00	523,697.54	01-Nov-2006	8.750%	CA - 80.00%	360	01-Nov-2006
11706656 2	131,000.00	130,712.63	01-Nov-2006	10.990%	CA - 100.00%	360	01-Nov-2006
1009321218 1	233,180.00	232,959.45	01-Nov-2006	11.050%	CA - 74.03%	360	01-Oct-2006
1009402942 1	100,000.00	99,737.81	01-Nov-2006	10.900%	CA - 48.78%	360	01-Oct-2006
1009607838 1	73,100.00	73,016.34	01-Nov-2006	9.975%	MI - 85.00%	360	01-Oct-2006
1009626470 1	389,500.00	389,500.00	01-Oct-2006	8.000%	CA - 95.00%	360	01-Oct-2006
1009636398 1	50,150.00	50,090.43	01-Dec-2006	9.850%	IN - 85.00%	360	01-Oct-2006
1009749757 1	172,000.00	171,437.32	01-Nov-2006	9.100%	GA - 80.00%	360	01-Nov-2006
1009765275 1	387,000.00	387,000.00	01-Oct-2006	8.950%	CA - 90.00%	360	01-Oct-2006
1009899808 1	127,350.00	127,207.64	01-Nov-2006	9.525%	GA - 90.00%	360	01-Nov-2006
1009949648 1	171,000.00	170,306.96	01-Nov-2006	8.050%	GA - 90.00%	360	01-Nov-2006
1009974771 1	155,550.00	155,311.31	01-Nov-2006	8.450%	FL - 85.00%	360	01-Nov-2006


TOTAL	20,638,722.00	20,607,176.26
TOTAL


Page 15 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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	6	14	20
Number of Repurchased Loans	35	0	35
Total Number of Loans Prepaid in Full	41	14	55
Curtailments Amount	6,589.73	15,146.10	21,735.83
Paid in Full Balance	1,215,189.71	3,058,174.36	4,273,364.07
Repurchased Loans Balance	6,794,766.85	0.00	6,794,766.85
Total Prepayment Amount	8,016,546.29	3,073,320.46	11,089,866.75
Cumulative


Number of Paid in Full Loans	45	48	93
Number of Repurchased Loans	35	0	35
Total Number of Loans Prepaid in Full	80	48	128
Paid in Full Balance	10,906,795.29	9,297,490.79	20,204,286.08
Repurchased Loans Balance	6,794,766.85	0.00	6,794,766.85
Curtailments Amount	46,116.48	29,579.42	75,695.90
Total Prepayment Amount	17,747,678.62	9,327,070.21	27,074,748.83

Page 16 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	1.38%	0.94%	1.23%
3 Months Avg SMM	1.02%	0.95%	0.99%
12 Months Avg SMM	1.02%	0.95%	0.99%
Avg SMM Since Cut-off	1.02%	0.95%	0.99%



CPR	15.41%	10.77%	13.77%
3 Months Avg CPR	11.52%	10.78%	11.26%
12 Months Avg CPR	11.52%	10.78%	11.26%
Avg CPR Since Cut-off	11.52%	10.78%	11.26%



PSA	1,241.67%	851.10%	1,101.49%
3 Months Avg PSA Approximation	1,103.97%	1,012.49%	1,070.64%
12 Months Avg PSA Approximation	1,103.97%	1,012.49%	1,070.64%
Avg PSA Since Cut-off Approximation	1,103.97%	1,012.49%	1,070.64%

Page 17 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1

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-HE1



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

11623439 1		135,000.00	134,605.20	19-Mar-2007	9.645%	MD - 81.82%	Paid Off - 360	01-Oct-2006
11623439 1		135,000.00	134,605.20	19-Mar-2007	9.645%	MD - 81.82%	Paid Off - 360	01-Oct-2006
11634409 1		239,400.00	239,149.96	03-Apr-2007	9.750%	IL - 90.00%	Paid Off - 360	01-Oct-2006
11647261 1		154,850.00	154,776.38	19-Mar-2007	9.250%	OR - 95.00%	Paid Off - 360	01-Oct-2006
11665038 1		230,000.00	229,865.71	29-Mar-2007	8.720%	FL - 66.67%	Paid Off - 360	01-Oct-2006
11667841 2		66,144.00	65,938.69	02-Apr-2007	8.450%	NY - 80.00%	Paid Off - 360	01-Nov-2006
11667843 2		16,536.00	16,514.98	02-Apr-2007	12.625%	NY - 100.00%	Paid Off - 360	01-Nov-2006
11671570 2		160,632.00	160,632.00	28-Mar-2007	8.850%	WA - 80.00%	Paid Off - 360	01-Oct-2006
11674257 1		153,000.00	152,769.48	19-Mar-2007	7.870%	NM - 90.00%	Paid Off - 360	01-Nov-2006
11677308 2		265,025.00	264,586.89	19-Mar-2007	7.545%	CA - 85.22%	Paid Off - 360	01-Nov-2006
11678463 1		251,000.00	250,232.01	02-Apr-2007	8.520%	OR - 72.75%	Paid Off - 360	01-Nov-2006
11682945 2		672,000.00	671,168.39	28-Mar-2007	8.550%	CA - 80.00%	Paid Off - 360	01-Nov-2006
11684427 2		36,398.00	36,348.76	27-Mar-2007	12.375%	FL - 100.00%	Paid Off - 360	01-Nov-2006
11685245 1		267,260.00	266,953.09	09-Apr-2007	8.805%	VA - 70.00%	Paid Off - 360	01-Nov-2006
11687036 1		162,500.00	162,024.68	19-Mar-2007	8.740%	NH - 65.00%	Paid Off - 360	01-Nov-2006
11697255 1		200,000.00	199,927.06	29-Mar-2007	9.450%	CA - 53.33%	Paid Off - 360	01-Nov-2006
1009843299 1		385,200.00	384,730.22	11-Apr-2007	8.600%	NJ - 90.00%	Paid Off - 360	01-Nov-2006
1009923274 1		143,000.00	143,000.00	02-Apr-2007	5.850%	CA - 60.85%	Paid Off - 360	01-Nov-2006
1010006432 1		265,410.00	265,169.28	02-Apr-2007	9.600%	UT - 90.00%	Paid Off - 360	01-Nov-2006
1010180207 1		365,500.00	365,102.51	16-Mar-2007	8.990%	CA - 85.00%	Paid Off - 360	01-Nov-2006
1010256590 1		110,000.00	109,868.78	12-Apr-2007	8.775%	MN - 79.14%	Paid Off - 360	01-Nov-2006
11520306 2		44,700.00	44,580.17	31-Mar-2007	12.000%	MD - 99.64%	Repur/Subs - 180	01-Jul-2006
11545848 2		104,000.00	103,424.78	31-Mar-2007	8.570%	DE - 80.00%	Repur/Subs - 360	01-Jul-2006
11545853 2		26,000.00	25,930.14	31-Mar-2007	11.990%	DE - 100.00%	Repur/Subs - 180	01-Jul-2006
11556309 2		179,998.00	179,231.01	31-Mar-2007	9.250%	FL - 100.00%	Repur/Subs - 180	01-Aug-2006
11560445 2		1,120,000.00	1,117,725.68	31-Mar-2007	8.500%	AZ - 80.00%	Repur/Subs - 360	01-Aug-2006
11560447 2		280,000.00	279,218.48	31-Mar-2007	11.250%	AZ - 100.00%	Repur/Subs - 180	01-Aug-2006
11574538 2		66,975.00	66,859.49	31-Mar-2007	9.470%	MS - 95.00%	Repur/Subs - 360	01-Jul-2006
11578070 2		60,000.00	59,813.51	31-Mar-2007	10.750%	CA - 100.00%	Repur/Subs - 180	01-Aug-2006
11579793 2		182,400.00	181,903.96	31-Mar-2007	7.600%	WA - 80.00%	Repur/Subs - 360	01-Aug-2006
11583522 2		31,300.00	31,253.03	31-Mar-2007	11.875%	PA - 100.00%	Repur/Subs - 180	01-Sep-2006
11598702 2		608,000.00	605,674.90	31-Mar-2007	9.770%	FL - 80.00%	Repur/Subs - 360	01-Aug-2006
11607760 2		252,000.00	251,461.87	31-Mar-2007	7.850%	FL - 80.00%	Repur/Subs - 360	01-Sep-2006
11612111 2		15,000.00	14,959.29	31-Mar-2007	9.990%	TX - 100.00%	Repur/Subs - 180	01-Sep-2006
11626176 2		150,210.00	150,017.87	31-Mar-2007	9.070%	MS - 90.00%	Repur/Subs - 360	01-Oct-2006
11626823 2		120,000.00	119,695.46	31-Mar-2007	11.050%	LA - 77.42%	Repur/Subs - 360	01-Sep-2006
11626830 2		87,000.00	83,678.52	31-Mar-2007	12.875%	WI - 100.00%	Repur/Subs - 180	01-Oct-2006
11629098 2		128,250.00	128,198.84	31-Mar-2007	9.695%	TX - 95.00%	Repur/Subs - 360	01-Oct-2006
11635124 2		90,000.00	89,858.18	31-Mar-2007	12.500%	NJ - 100.00%	Repur/Subs - 360	01-Oct-2006
11636553 2		364,000.00	363,738.79	31-Mar-2007	8.595%	CA - 80.00%	Repur/Subs - 360	01-Sep-2006
11638972 2		188,000.00	187,794.57	31-Mar-2007	9.600%	TX - 80.00%	Repur/Subs - 360	01-Oct-2006


Page 19 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



Mortgage Pass-Through Certificates
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	Prepayment	Note	LTV at	&	Payment

Loan Group	Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

11640159 2		114,510.00	113,999.19	31-Mar-2007	7.570%	TX - 80.00%	Repur/Subs - 360	01-Oct-2006
11640159 2		114,510.00	113,999.19	31-Mar-2007	7.570%	TX - 80.00%	Repur/Subs - 360	01-Oct-2006
11643786 2		112,000.00	111,483.28	31-Mar-2007	7.400%	TN - 80.00%	Repur/Subs - 360	01-Oct-2006
11645598 2		76,500.00	76,283.52	31-Mar-2007	9.795%	MS - 85.00%	Repur/Subs - 360	01-Oct-2006
11645943 2		48,800.00	48,233.07	31-Mar-2007	12.625%	FL - 100.00%	Repur/Subs - 180	01-Oct-2006
11648385 2		254,400.00	253,954.14	31-Mar-2007	7.990%	CA - 80.00%	Repur/Subs - 360	01-Oct-2006
11649453 2		50,000.00	49,909.54	31-Mar-2007	11.875%	FL - 100.00%	Repur/Subs - 360	01-Oct-2006
11649576 2		700,000.00	699,430.16	31-Mar-2007	7.850%	CT - 78.21%	Repur/Subs - 360	01-Oct-2006
11649582 2		180,000.00	179,656.01	31-Mar-2007	11.625%	CT - 98.30%	Repur/Subs - 360	01-Oct-2006
11650273 2		99,800.00	99,673.21	31-Mar-2007	12.625%	NY - 100.00%	Repur/Subs - 360	01-Oct-2006
11650274 2		399,200.00	398,569.42	31-Mar-2007	8.350%	NY - 80.00%	Repur/Subs - 360	01-Oct-2006
11651148 2		200,000.00	199,428.65	31-Mar-2007	9.750%	TX - 80.00%	Repur/Subs - 360	01-Oct-2006
11652044 2		142,405.00	142,254.93	31-Mar-2007	9.720%	TX - 95.00%	Repur/Subs - 360	01-Oct-2006
11662294 2		223,200.00	222,808.82	31-Mar-2007	7.990%	NV - 80.00%	Repur/Subs - 360	01-Oct-2006
11662295 2		55,800.00	55,729.09	31-Mar-2007	12.625%	NV - 100.00%	Repur/Subs - 360	01-Oct-2006
11670898 2		58,500.00	58,335.28	31-Mar-2007	9.820%	MO - 90.00%	Repur/Subs - 360	01-Oct-2006


TOTAL	11,091,803.00	11,068,130.92

Page 20 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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
Subsequent Recoveries	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
Cummalative Subsequent Recoveries	0.00	0.00	0.00

Page 21 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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-HE1

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-HE1

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-HE1

Mortgage Pass-Through Certificates

April 25, 2007 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Stepdown Date has occurred

Distribution Date December 2009

Credit Enhancement Percentage (For Stepdown Date )

23.0491%

Trigger Event in Effect

Rolling 60+ days balance includes BK,FC,REO

22,814,332.50

Ending Balance

892,996,969.16

Delinquency Percentage

2.5548%

Prior Balance of X and Mezzanine

205,827,798.10

Prior Pool Balance

578,998,143.78

325,373,291.82

904,371,435.60

Prior Senior Credit Enhancement Percentage

22.7592%

Applicable % of Prior Senior Credit Enhancment %

38.8500%

Cumulative Realized Loss

0.00

Realized Loss Percentage

0.0000%

Applicable Percentage

100.0000%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Libor For Current Period

5.320000%

Libor Rate Determination Date

03/22/2007

Libor For Next Period

5.320000%

Libor Rate Next Determination Date

04/23/2007

Interest Rate Swap Floating

5.320000%

Swap Rate Determination Date

03/22/2007

Interest Rate Swap Fixed Rate

5.187000%

Page 25 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Basis Risk Shortfall Prior (1)	Int on Prior SF (2)	Curr Basis Risk SF (3)	Total Basis Risk SF (1+2+3)	Basis Risk Shortfall Paid	Basis Risk Shortfall UnPaid


CLASS
	A-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2A	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2B	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2C	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2D	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-4	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-5	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-6	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	B-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	B-2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	B-3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00




Page 26 of 27

Securitized Asset Backed Receivables LLC Trust 2007-HE1



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

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
	Group 2	Group 1	Total
Current Scheduled Payments	4,097,885.06	2,372,184.27	6,470,069.33
Current Scheduled Payments 1 Month Prior	4,182,317.40	2,393,365.61	6,577,113.74
Current Scheduled Payments 2 Month Prior	4,222,104.22	2,419,855.81	6,641,723.45
Current Scheduled Payments 3 Month Prior	120,591.01	54,096.67	0.00
Current Scheduled Payments 4 Month Prior	120,591.01	54,096.67	0.00
Current Scheduled Payments 5 Month Prior	120,591.01	54,096.67	0.00
Current Scheduled Payments 6 Month Prior	120,591.01	54,096.67	0.00
Current Scheduled Payments 7 Month Prior	120,591.01	54,096.67	0.00
Current Scheduled Payments 8 Month Prior	120,591.01	54,096.67	0.00
Current Scheduled Payments 9 Month Prior	120,591.01	54,096.67	0.00
Current Scheduled Payments 10 Month Prior	120,591.01	54,096.67	0.00
Current Scheduled Payments 11 Month Prior	120,591.01	54,096.67	0.00





Sched. Payments for 60+Day Delinquent Loans	1,912,396.26	1,912,396.26	314,727.38
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior	1,923,350.47	1,923,350.47	178,038.27
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior	1,944,304.87	1,944,304.87	36,699.54
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-HE1 10-D