10-D 1 bas06001_10d-200605.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from: April 26, 2006 to May 25, 2006 Commission File Number of issuing entity: 333-97289-01 BASIC Asset Backed Securities Trust 2006-1 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-97289 BancCap Asset Securitization Issuance Corporation (Exact name of depositor as specified in its charter) BancCap Advisors, LLC (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2196666 54-2196667 54-2196668 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices of the issuing entity) (Zip Code) (410) 884-2000 (Telephone number, including area code) Not Applicable (Former name, former address, if changed since last report) Registered/reporting pursuant to (check one) Title of Section Section Section Name of Exchange Class 12(b) 12(g) 15(d) (If Section 12(b)) A-1 _____ _____ __X___ ____________ A-2 _____ _____ __X___ ____________ A-3 _____ _____ __X___ ____________ C _____ _____ __X___ ____________ M-1 _____ _____ __X___ ____________ M-2 _____ _____ __X___ ____________ M-3 _____ _____ __X___ ____________ M-4 _____ _____ __X___ ____________ M-5 _____ _____ __X___ ____________ M-6 _____ _____ __X___ ____________ M-7 _____ _____ __X___ ____________ P _____ _____ __X___ ____________ R _____ _____ __X___ ____________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes __X__ No ____ Part I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information On May 25, 2006 a distribution was made to holders of BASIC Asset Backed Securities Trust 2006-1. The distribution report is attached as an Exhibit to this Form 10-D. Please see Item 9(b), Exhibit 99.1 for the related information. Part II - OTHER INFORMATION Item 9. Exhibits. (a) The following is a list of documents filed as part of this Report on Form 10-D: (99.1) Monthly report distributed to holders of BASIC Asset Backed Securities Trust 2006-1, relating to the May 25, 2006 distribution. (b) The exhibits required to be filed by Registrant pursuant to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BASIC Asset Backed Securities Trust 2006-1 (Issuing Entity) Wells Fargo Bank, N.A. Master Servicer /s/ Beth Belfield Beth Belfield, Officer Date: June 2, 2006 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of BASIC Asset Backed Securities Trust 2006-1, relating to the May 25, 2006 distribution. EX-99.1 BancCap Asset Securitization Issuance Corporation Asset Backed Pass-Through Certificates Distribution Date: 5/25/2006 BancCap Asset Securitization Issuance Corporation Asset Backed Pass-Through Certificates Series 2006-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Certificateholder Distribution Summary Class CUSIP Certificate Beginning Interest Pass-Through Certificate Distribution Rate Balance A-1 06983NAA5 45.~~92000~~03938% 9390,~~573~~280,~~000~~389.0041 ~~230~~379,~~189~~130.5899 A-2 06983NAB3 5.~~03000~~14938% 57,427,000.00 ~~144~~246,~~428~~427.9187 A-3 06983NAC1 5.~~15000~~26938% 11,386,000.00 2949,~~318~~997.9563 M-1 06983NAD9 5.~~22000~~33938% 16,196,000.00 4272,~~271~~063.5683 M-2 06983NAE7 5.~~34000~~45938% 13,085,000.00 3459,~~936~~529.9599 M-3 06983NAF4 56.~~94000~~05938% 6,864,000.00 2034,~~386~~659.0865 M-4 06983NAG2 6.~~34000~~45938% 2,896,000.00 915,~~180~~588.3264 M-5 06983NAH0 7.~~34000~~45938% 2,252,000.00 813,~~264~~998.8477 M-6 06983NAM9 7.~~34000~~45938% 2,145,000.00 713,~~872~~333.1564 M-7 06983NAN7 7.~~34000~~45938% 2,145,000.00 713,~~872~~333.1564 C 06983NAJ6 0.00000% 6,~~543~~542,~~679~~639.0077 ~~696~~317,~~854~~130.1617 P 06983NAK3 0.00000% 100.00 2365,~~613~~799.6331 R 06983NAL1 0.00000% 0.00 0.00 Totals ~~214~~211,~~512~~219,~~779~~129.0018 1,~~255~~280,~~189~~994.2813

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses A-1 3,~~292~~803,~~610~~674.5941 0.00 9086,~~280~~476,~~389~~715.4100 34,~~522~~182,~~800~~805.1740 0.00 A-2 0.00 0.00 57,427,000.00 ~~144~~246,~~428~~427.9187 0.00 A-3 0.00 0.00 11,386,000.00 2949,~~318~~997.9563 0.00 M-1 0.00 0.00 16,196,000.00 4272,~~271~~063.5683 0.00 M-2 0.00 0.00 13,085,000.00 3459,~~936~~529.9599 0.00 M-3 0.00 0.00 6,864,000.00 2034,~~386~~659.0865 0.00 M-4 0.00 0.00 2,896,000.00 915,~~180~~588.3264 0.00 M-5 0.00 0.00 2,252,000.00 813,~~264~~998.8477 0.00 M-6 0.00 0.00 2,145,000.00 713,~~872~~333.1564 0.00 M-7 0.00 0.00 2,145,000.00 713,~~872~~333.1564 0.00 C 0.00 0.00 6,542,639.77 ~~696~~317,~~854~~130.1617 0.00 P 0.00 0.00 100.00 2365,~~613~~799.6331 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 3,~~292~~803,~~610~~674.5941 0.00 ~~211~~207,~~219~~415,~~129~~454.1877 45,~~547~~084,~~799~~668.8754 0.00 As Master Servicer, Wells Fargo Bank, N.A. has independently calculated collateral information based on loan level data received from external parties, which may include the Servicers, Issuer and other parties to the transaction. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished to it by those third parties.

Principal Distribution Statement Class Original Beginning Scheduled UnScheduled Accretion Realized Face Certificate Principal Principal Loss Amount Balance Distribution Distribution A-1 93,573,000.00 9390,~~573~~280,~~000~~389.0041 0.00 3,~~292~~803,~~610~~674.5941 0.00 0.00 A-2 57,427,000.00 57,427,000.00 0.00 0.00 0.00 0.00 A-3 11,386,000.00 11,386,000.00 0.00 0.00 0.00 0.00 M-1 16,196,000.00 16,196,000.00 0.00 0.00 0.00 0.00 M-2 13,085,000.00 13,085,000.00 0.00 0.00 0.00 0.00 M-3 6,864,000.00 6,864,000.00 0.00 0.00 0.00 0.00 M-4 2,896,000.00 2,896,000.00 0.00 0.00 0.00 0.00 M-5 2,252,000.00 2,252,000.00 0.00 0.00 0.00 0.00 M-6 2,145,000.00 2,145,000.00 0.00 0.00 0.00 0.00 M-7 2,145,000.00 2,145,000.00 0.00 0.00 0.00 0.00 C 6,543,679.00 6,~~543~~542,~~679~~639.0077 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 214,512,779.00 ~~214~~211,~~512~~219,~~779~~129.0018 0.00 3,~~292~~803,~~610~~674.5941 0.00 0.00

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1 3,~~292~~803,~~610~~674.5941 9086,~~280~~476,~~389~~715.4100 0.~~96481239~~92416311 3,~~292~~803,~~610~~674.5941 A-2 0.00 57,427,000.00 1.00000000 0.00 A-3 0.00 11,386,000.00 1.00000000 0.00 M-1 0.00 16,196,000.00 1.00000000 0.00 M-2 0.00 13,085,000.00 1.00000000 0.00 M-3 0.00 6,864,000.00 1.00000000 0.00 M-4 0.00 2,896,000.00 1.00000000 0.00 M-5 0.00 2,252,000.00 1.00000000 0.00 M-6 0.00 2,145,000.00 1.00000000 0.00 M-7 0.00 2,145,000.00 1.00000000 0.00 C 0.00 6,542,639.77 0.99984119 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 3,~~292~~803,~~610~~674.5941 ~~211~~207,~~219~~415,~~129~~454.1877 0.~~98464590~~96691421 3,~~292~~803,~~610~~674.5941

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution A-1 93,573,000.00 ~~1000~~964.~~00000000~~81238616 0.00000000 3540.~~18761384~~64927287 0.00000000 A-2 57,427,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 11,386,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 16,196,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 13,085,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 6,864,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 2,896,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 2,252,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 2,145,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 2,145,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 6,543,679.00 ~~1000~~999.~~00000000~~84118567 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1 0.00000000 3540.~~18761384~~64927287 ~~964~~924.~~81238616~~16311329 0.~~96481239~~92416311 3540.~~18761384~~64927287 A-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.84118567 0.99984119 0.00000000 P 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 NOTE: All classes per $1,000 denomination.

Interest Distribution Statement Class Accrual Accrual Current Beginning Current Payment of Dates Days Certificate Certificate/ Accrued Unpaid Interest Rate Notional Interest Shortfall (1) Balance A-1 04/0725/06 - 0405/24/06 1830 45.~~92000~~03938% 9390,~~573~~280,~~000~~389.0041 ~~230~~379,~~189~~130.5899 0.00 A-2 04/0725/06 - 0405/24/06 1830 5.~~03000~~14938% 57,427,000.00 ~~144~~246,~~428~~427.9187 0.00 A-3 04/0725/06 - 0405/24/06 1830 5.~~15000~~26938% 11,386,000.00 2949,~~318~~997.9563 0.00 M-1 04/0725/06 - 0405/24/06 1830 5.~~22000~~33938% 16,196,000.00 4272,~~271~~063.5683 0.00 M-2 04/0725/06 - 0405/24/06 1830 5.~~34000~~45938% 13,085,000.00 3459,~~936~~529.9599 0.00 M-3 04/0725/06 - 0405/24/06 1830 56.~~94000~~05938% 6,864,000.00 2034,~~386~~659.0865 0.00 M-4 04/0725/06 - 0405/24/06 1830 6.~~34000~~45938% 2,896,000.00 915,~~180~~588.3264 0.00 M-5 04/0725/06 - 0405/24/06 1830 7.~~34000~~45938% 2,252,000.00 813,~~264~~998.8477 01,068.0015 M-6 04/0725/06 - 0405/24/06 1830 7.~~34000~~45938% 2,145,000.00 713,~~872~~333.1564 01,017.0040 M-7 04/0725/06 - 0405/24/06 1830 7.~~34000~~45938% 2,145,000.00 713,~~872~~333.1564 01,017.0040 C N/A N/A 0.00000% ~~214~~211,~~512~~219,~~779~~129.3918 0.00 0.00 P N/A N/A 0.00000% 100.00 0.00 0.00 R N/A N/A 0.00000% 0.00 0.00 0.00 Totals ~~534~~898,~~721~~064.4965 03,102.0095

Interest Distribution Statement (continued) Class Current Non-Supported Total Remaining Ending Interest Interest Interest Unpaid Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance A-1 0.00 0.00 ~~230~~379,~~189~~130.5899 0.00 9086,~~280~~476,~~389~~715.4100 A-2 0.00 0.00 ~~144~~246,~~428~~427.9187 0.00 57,427,000.00 A-3 0.00 0.00 2949,~~318~~997.9563 0.00 11,386,000.00 M-1 0.00 0.00 4272,~~271~~063.5683 0.00 16,196,000.00 M-2 0.00 0.00 3459,~~936~~529.9599 0.00 13,085,000.00 M-3 0.00 0.00 2034,~~386~~659.0865 0.00 6,864,000.00 M-4 0.00 0.00 915,~~180~~588.3264 0.00 2,896,000.00 M-5 01,068.0015 0.00 813,~~264~~998.8477 0.00 2,252,000.00 M-6 01,017.0040 0.00 713,~~872~~333.1564 0.00 2,145,000.00 M-7 01,017.0040 0.00 713,~~872~~333.1564 0.00 2,145,000.00 C 0.00 0.00 ~~696~~317,~~854~~130.1617 0.00 ~~211~~207,~~219~~415,~~129~~454.1877 P 0.00 0.00 2365,~~613~~799.6331 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 03,102.0095 0.00 1,~~255~~280,~~189~~994.2813 0.00 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable.

Interest Distribution Factors Statement Class Original Current Beginning Current Payment of Face Certificate Certificate/ Accrued Unpaid Interest Amount Rate Notional Interest Shortfall (1) Balance A-1 93,573,000.00 45.~~92000~~03938% ~~1000~~964.~~00000000~~81238616 24.~~46000000~~05171353 0.00000000 A-2 57,427,000.00 5.~~03000~~14938% 1000.00000000 24.~~51500009~~29114998 0.00000000 A-3 11,386,000.00 5.~~15000~~26938% 1000.00000000 24.~~57500000~~39114966 0.00000000 M-1 16,196,000.00 5.~~22000~~33938% 1000.00000000 24.~~61000000~~44948321 0.00000000 M-2 13,085,000.00 5.~~34000~~45938% 1000.00000000 24.~~67000000~~54948338 0.00000000 M-3 6,864,000.00 56.~~94000~~05938% 1000.00000000 25.~~97000000~~04948281 0.00000000 M-4 2,896,000.00 6.~~34000~~45938% 1000.00000000 35.~~17000000~~38281768 0.00000000 M-5 2,252,000.00 7.~~34000~~45938% 1000.00000000 36.~~67000000~~21615009 0.~~00000000~~47431172 M-6 2,145,000.00 7.~~34000~~45938% 1000.00000000 36.~~67000000~~21614918 0.~~00000000~~47431235 M-7 2,145,000.00 7.~~34000~~45938% 1000.00000000 36.~~67000000~~21614918 0.~~00000000~~47431235 C 6,543,679.00 0.00000% ~~32781~~32278.~~67822566~~34512970 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000

Interest Distribution Factors Statement (continued) Class Current Non-Supported Total Remaining Unpaid Ending Interest Interest Interest Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance A-1 0.00000000 0.00000000 24.~~46000000~~05171353 0.00000000 ~~964~~924.~~81238616~~16311329 A-2 0.00000000 0.00000000 24.~~51500009~~29114998 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 24.~~57500000~~39114966 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 24.~~61000000~~44948321 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 24.~~67000000~~54948338 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 25.~~97000000~~04948281 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 35.~~17000000~~38281768 0.00000000 1000.00000000 M-5 0.~~00000000~~47431172 0.00000000 36.~~67000000~~21615009 0.00000000 1000.00000000 M-6 0.~~00000000~~47431235 0.00000000 36.~~67000000~~21614918 0.00000000 1000.00000000 M-7 0.~~00000000~~47431235 0.00000000 36.~~67000000~~21614918 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~106~~48.~~49271763~~46358906 0.00000000 ~~32278~~31697.~~34512970~~07052715 P 0.00000000 0.00000000 ~~236136~~657993.~~30000000~~10000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable. NOTE: All classes per $1,000 denomination.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 45,~~478~~159,~~460~~123.0535 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances ~~148~~106,~~156~~350.0341 Gains & Subsequent Recoveries (Realized Losses) 02,408.0063 Prepayment Penalties 2365,~~613~~799.6331 Swap/Cap Payments 0.00 Total Deposits 45,~~650~~333,~~229~~681.7170 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 0148,156.0003 Total Administration Fees ~~102~~100,~~429~~857.8413 Payment of Interest and Principal 45,~~547~~084,~~799~~668.8754 Total Withdrawals (Pool Distribution Amount) 45,~~650~~333,~~229~~681.7170 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.

ADMINISTRATION FEES Gross Servicing Fee* 8988,~~380~~007.3297 BancCap Program Administrator Fee 8,~~938~~800.0380 Wells Fargo Master Servicing Fee 4,~~111~~048.4936 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees ~~102~~100,~~429~~857.8413 *Servicer Payees include: OCWEN FEDERAL BANK FSB

Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Net WAC Reserve Fund 1,000.00 03,102.0094 03,102.0094 1,000.00 Supplemental Interest Account 1,000.00 0.00 0.00 1,000.00 ~~Account~~ Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) SWAP Agreement ~~with~~- ~~Credit~~CSFBi 0.00 0.00 0.00 ~~Suisse i~~

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~456707~~463206% Weighted Average Net Coupon 6.~~956707~~963206% Weighted Average Pass-Through Rate 6.~~933707~~940206% Weighted Average Remaining Term ~~356~~355 Beginning Scheduled Collateral Loan Count 1,~~026~~011 Number Of Loans Paid In Full 15 Ending Scheduled Collateral Loan Count ~~1,011~~996 Beginning Scheduled Collateral Balance ~~214~~211,~~512~~219,~~779~~129.3918 Ending Scheduled Collateral Balance ~~211~~207,~~219~~415,~~129~~454.1877 Ending Actual Collateral Balance at 3130-~~Mar~~Apr-2006 ~~211~~207,~~311~~501,~~550~~733.6431 Monthly P&I Constant 1,~~425~~403,~~173~~716.3643 Special Servicing Fee 0.00 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 2365,~~613~~799.6331 Prepayment Penalty Paid Count * Realized Loss Amount 0(2,408.0063) Cumulative Realized Loss 0(2,408.0063) Scheduled Principal 9290,~~207~~073.6612 Unscheduled Principal 3,~~201~~713,~~442~~601.5529 Extra principal distribution Amount 0.00 Excess Cash Amount ~~695~~320,~~814~~233.5412 * This data is currently not provided for reporting.

Group Level Collateral Statement Group Grp 1 Mixed Fixed Grp 2 Mixed ARM Collateral Description Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.~~214840~~230932 7.~~495390~~500230 Weighted Average Net Rate 6.~~714840~~730932 67.~~995390~~000230 Pass-Through Rate 6.~~691840~~707932 6.~~972390~~977230 Weighted Average Remaining Term ~~351~~349 ~~357~~356 Record Date 0304/3130/2006 0304/3130/2006 Principal And Interest Constant ~~198~~194,~~062~~826.4764 1,~~227~~208,~~110~~889.8979 Beginning Loan Count ~~165~~163 ~~861~~848 Loans Paid in Full 20 1315 Ending Loan Count 163 ~~848~~833 Beginning Scheduled Balance 29,~~578,~~038,569.7788 ~~184~~182,~~934~~180,~~740~~559.6230 Ending Scheduled Balance 29,~~038~~017,~~569~~301.8855 ~~182~~178,~~180~~398,~~559~~153.3022 Scheduled Principal 2019,~~228~~846.46 71 70,~~979~~226.2041 Unscheduled Principal ~~519~~1,~~240~~421.4362 23,~~682~~712,~~202~~179.1267 Scheduled Interest ~~177~~174,~~834~~979.0193 1,~~155~~138,~~131~~663.6938 Servicing Fees 12,~~324~~099.1840 7775,~~056~~908.1457 Master Servicing Fees ~~566~~556.9157 3,~~544~~491.5879 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest ~~164~~162,~~942~~323.9296 1,~~074~~059,~~530~~263.9702 Realized Loss Amount 0(2,408.0063) 0.00 Cumulative Realized Loss 0(2,408.0063) 0.00 Percentage of Cumulative Losses -0.~~0000~~0081 0.0000 Prepayment Penalty Waived Amount 0.00 0.00 Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount * * Prepayment Penalty Paid Count * * Special Servicing Fee 0.00 0.00 * This data is currently not provided for reporting.

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~456707~~463206 Weighted Average Net Rate 6.~~956707~~963206 Pass-Through Rate 6.~~933707~~940206 Weighted Average Remaining Term ~~356~~355 Record Date 0304/3130/2006 Principal And Interest Constant 1,~~425~~403,~~173~~716.3643 Beginning Loan Count 1,~~026~~011 Loans Paid in Full 15 Ending Loan Count ~~1,011~~996 Beginning Scheduled Balance ~~214~~211,~~512~~219,~~779~~129.3918 Ending Scheduled Balance ~~211~~207,~~219~~415,~~129~~454.1877 Scheduled Principal 9290,~~207~~073.6612 Unscheduled Principal 3,~~201~~713,~~442~~601.5529 Scheduled Interest 1,~~332~~313,~~965~~643.7031 Servicing Fees 8988,~~380~~007.3297 Master Servicing Fees 4,~~111~~048.4936 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~239~~221,~~473~~586.8998 Realized Loss Amount 0(2,408.0063) Cumulative Realized Loss 0(2,408.0063) Percentage of Cumulative Losses -0.~~0000~~0011 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 2365,~~613~~799.6331 Prepayment Penalty Paid Count * Special Servicing Fee 0.00 * This data is currently not provided for reporting.

Additional Reporting - Deal Level Cash Reporting Net Monthly Excess Cash ~~695~~320,~~814~~233.5412 ~~Net SWAP Payment IN 0.00 Net SWAP Payment OUT 0.00~~ Informational Reporting Credit Enhancement Percentage 24.~~3000~~678465% Net WAC Rate 116.~~472846~~890207% Structural Reporting Overcollateralization Increase 0.00 Overcollateralization ~~Amont~~Amount 6,542,639.77 Overcollateralization Deficit 0.00 Overcollateralization Floor 1,072,563.90 Overcollateralization Release ~~1,039~~0.6200 Overcollateralization Target 6,542,639.77 Trigger Event Reporting Has Stepdown Occured NO ~~Has a Trigger Event Occured NO Loss Test in Effect NO Delinquency Test in Effect NO~~ Cumulative Loss Trigger Calculated Value 0.000000% Trigger Result Pass Threshold Value 0.014000% Delinquency Trigger Calculated Value 0.~~000000~~000817% Trigger Result Pass Threshold Value 0.~~080190~~081439% Trigger Event Calculated Value 0.000000% Trigger Result Pass Threshold Value 0.000000%

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 112 0 0 0 112 ~~339~~2,~~319~~668,076.6610 0.00 0.00 0.00 ~~339~~2,~~319~~668,076.6610 60 Days 01 0 0 0 01 0339,844.0024 0.00 0.00 0.00 0339,844.0024 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 113 0 0 0 113 ~~339~~3,~~319~~007,920.6634 0.00 0.00 0.00 ~~339~~3,~~319~~007,920.6634 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~098912~~204819% 0.000000% 0.000000% 0.000000% 01.~~098912~~204819% 01.~~160578~~285809% 0.000000% 0.000000% 0.000000% 01.~~160578~~285809% 60 Days 0.~~000000~~100402% 0.000000% 0.000000% 0.000000% 0.~~000000~~100402% 0.~~000000~~163779% 0.000000% 0.000000% 0.000000% 0.~~000000~~163779% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~098912~~305221% 0.000000% 0.000000% 0.000000% 01.~~098912~~305221% 01.~~160578~~449588% 0.000000% 0.000000% 0.000000% 01.~~160578~~449588%

Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~148~~106,~~156~~350.0341

Delinquency Status By ~~Group~~Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp 1 Mixed Fixed No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp 2 Mixed ARM No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 112 0 0 0 112 ~~339~~2,~~319~~668,076.6610 0.00 0.00 0.00 ~~339~~2,~~319~~668,076.6610 60 Days 01 0 0 0 01 0339,844.0024 0.00 0.00 0.00 0339,844.0024 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 113 0 0 0 113 ~~339~~3,~~319~~007,920.6634 0.00 0.00 0.00 ~~339~~3,~~319~~007,920.6634 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~117925~~440576% 0.000000% 0.000000% 0.000000% 01.~~117925~~440576% 01.~~186179~~495006% 0.000000% 0.000000% 0.000000% 01.~~186179~~495006% 60 Days 0.~~000000~~120048% 0.000000% 0.000000% 0.000000% 0.~~000000~~120048% 0.~~000000~~190425% 0.000000% 0.000000% 0.000000% 0.~~000000~~190425% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~117925~~560624% 0.000000% 0.000000% 0.000000% 01.~~117925~~560624% 01.~~186179~~685432% 0.000000% 0.000000% 0.000000% 01.~~186179~~685432%

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current REO Total ~~Sep~~Oct-05 0.000% Loans in REO 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Grp 1 Mixed Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current REO Total ~~Sep~~Oct-05 0.000% Loans in REO 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Grp 2 Mixed ARM 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current REO Total ~~Sep~~Oct-05 0.000% Loans in REO 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current Foreclosure Total ~~Sep~~Oct-05 0.000% Loans in Foreclosure 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Grp 1 Mixed Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current Foreclosure Total ~~Sep~~Oct-05 0.000% Loans in Foreclosure 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Grp 2 Mixed ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current Foreclosure Total ~~Sep~~Oct-05 0.000% Loans in Foreclosure 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Summary 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current Bankruptcy Total ~~Sep~~Oct-05 0.000% Loans in Bankruptcy 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Grp 1 Mixed Fixed 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current Bankruptcy Total ~~Sep~~Oct-05 0.000% Loans in Bankruptcy 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Grp 2 Mixed ARM 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 ~~May~~Jun-05 0.000% Original Principal Balance 0.00 ~~Jun~~Jul-05 0.000% Current Actual Balance 0.00 ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-05 0.000% Current Bankruptcy Total ~~Sep~~Oct-05 0.000% Loans in Bankruptcy 0 ~~Oct~~Nov-05 0.000% Original Principal Balance 0.00 ~~Nov~~Dec-05 0.000% Current Actual Balance 0.00 ~~Dec~~Jan-0506 0.000% ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Actual Loss/(Gain) Loss Group Losses Balance Amount Percentage Grp 1 Mixed Fixed 01 0.00 0(2,408.0063) (0.~~000~~008)% Grp 2 Mixed ARM 0 0.00 0.00 0.000% Total 01 0.00 0(2,408.0063) (0.~~000~~001)%

Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term NoGrp ~~Losses~~1 ~~this~~Mixed ~~Period~~Fixed 1211050475 329,000.00 6.5000% CA 70.00 360

Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Actual Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) NoGrp ~~Losses~~1 ~~this~~Mixed ~~Period~~Fixed 1211050475 0.00 (2,408.63) (2,408.63)

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs. 12mo Average* Loss Severity: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Grp 1 Mixed Fixed MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs. 12mo Average* Loss Severity: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Grp 2 Mixed ARM MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs. 12mo Average* Loss Severity: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Scheduled Balance of Liquidated Loans)/ sum(Beg Scheduled Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR /(WAS * 0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR / 0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR / (0.6 - ((WAS - 60) * 0.0095)) else if WAS is greater than 120 then CDR / 0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Scheduled Balance of Liquidated Loans)

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Scheduled Principal Scheduled Group Count Balance Balance Count Balance Balance Grp 1 Mixed Fixed 20 ~~520,750~~0.00 ~~518,388~~0.6100 0 0.00 0.00 Grp 2 Mixed ARM 1315 23,~~687~~707,~~360~~980.00 23,~~681~~699,~~796~~762.8361 0 0.00 0.00 Total 15 3,~~208~~707,~~110~~980.00 3,~~200~~699,~~185~~762.4461 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Scheduled Principal Scheduled Curtailment Group Count Balance Balance Count Balance Balance Amount Grp 1 Mixed Fixed 0 0.00 0.00 0 0.00 0.00 1,~~352~~421.8062 Grp 2 Mixed ARM 0 0.00 0.00 0 0.00 0.00 114,~~788~~160.1548 Total 0 0.00 0.00 0 0.00 0.00 315,~~140~~582.9510

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Grp 12 Mixed ~~Fixed~~ARM ~~1211050475~~1102060062 CA 7086.0021 01-~~Dec~~Nov-2005 ~~329~~301,~~000~~750.00 ~~327~~301,~~496~~750.6600 Grp 12 Mixed ~~Fixed~~ARM ~~1211050780~~1102060096 CAFL 6590.00 01-~~Oct~~Feb-~~2005~~2006 ~~191~~202,~~750~~500.00 ~~190~~202,~~390~~120.9768 Grp 2 Mixed ARM ~~1009050038~~1102060326 WIMN ~~100~~95.00 01-~~Nov~~Mar-~~2005~~2006 ~~131~~503,~~000~~500.00 ~~130~~503,~~699~~139.0754 Grp 2 Mixed ARM ~~1102060117~~1102063180 CATX 9080.00 01-~~Feb~~Apr-2006 ~~333~~89,~~000~~280.00 ~~332~~89,~~491~~175.5482 Grp 2 Mixed ARM ~~1211050193~~1211050051 CAIL 5280.6000 01-Dec-2005 ~~242~~624,000.00 ~~241~~620,~~616~~730.1077 Grp 2 Mixed ARM ~~1211050241~~1211050065 ILCA 8584.0095 01-Oct-2005 90446,~~950~~000.00 90444,~~360~~755.0489 Grp 2 Mixed ARM ~~1211050296~~1211050182 FLCA 8061.0071 01-~~Sep~~Dec-2005 ~~104~~108,000.00 ~~104~~107,~~000~~449.0059 Grp 2 Mixed ARM ~~1211050393~~1211050183 CA 8075.00 01-~~Oct~~Dec-2005 ~~284~~174,000.00 ~~284~~173,~~000~~595.0026 Grp 2 Mixed ARM ~~1211050407~~1211050303 MDCA 8084.0097 01-~~Dec~~Nov-2005 ~~312~~186,~~000~~950.00 ~~310~~186,~~680~~341.7150 Grp 2 Mixed ARM ~~1211050468~~1211050328 CA 80.00 01-Dec-2005 ~~285~~256,~~600~~000.00 ~~284~~256,~~319~~000.9500 Grp 2 Mixed ARM ~~1211050480~~1211050486 NJOR 7679.1488 01-Dec-2005 ~~150~~199,~~000~~700.00 ~~149~~198,~~524~~479.8387 Grp 2 Mixed ARM ~~1211050578~~1211050566 ILMD 9088.0084 01-Dec-2005 ~~202~~215,~~500~~000.00 ~~201~~215,~~706~~000.8100 Grp 2 Mixed ARM ~~1211050688~~1211050680 SCMN 8477.9353 01-~~Oct~~Dec-2005 ~~132~~86,~~500~~300.00 ~~132~~86,~~230~~099.9127 Grp 2 Mixed ARM ~~1211050738~~1211050722 MDIL 7874.5744 01-Dec-2005 ~~165~~185,000.00 ~~165~~184,~~000~~110.0046 Grp 2 Mixed ARM ~~1211050809~~1211050786 MD 7963.9941 01-Dec-2005 ~~254~~130,~~810~~000.00 ~~253~~129,~~784~~270.0154

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Grp 12 Mixed ~~Fixed~~ARM ~~1211050475~~1102060062 Loan Paid in Full 0 6.500% 360 46 Grp 12 Mixed ~~Fixed~~ARM ~~1211050780~~1102060096 Loan Paid in Full 0 59.~~990~~800% 360 63 Grp 2 Mixed ARM ~~1009050038~~1102060326 Loan Paid in Full 0 98.~~900~~650% 360 52 Grp 2 Mixed ARM ~~1102060117~~1102063180 Loan Paid in Full 0 98.~~375~~700% 360 21 Grp 2 Mixed ARM ~~1211050193~~1211050051 Loan Paid in Full 0 76.~~690~~750% 360 45 Grp 2 Mixed ARM ~~1211050241~~1211050065 Loan Paid in Full 0 67.~~640~~390% 360 67 Grp 2 Mixed ARM ~~1211050296~~1211050182 Loan Paid in Full 0 76.~~665~~900% 360 75 Grp 2 Mixed ARM ~~1211050393~~1211050183 Loan Paid in Full 0 6.~~740~~990% 360 65 Grp 2 Mixed ARM ~~1211050407~~1211050303 Loan Paid in Full 0 6.~~900~~340% 360 46 Grp 2 Mixed ARM ~~1211050468~~1211050328 Loan Paid in Full 0 6.~~600~~050% 360 45 Grp 2 Mixed ARM ~~1211050480~~1211050486 Loan Paid in Full 0 85.~~350~~950% 360 45 Grp 2 Mixed ARM ~~1211050578~~1211050566 Loan Paid in Full 0 7.~~290~~150% 360 45 Grp 2 Mixed ARM ~~1211050688~~1211050680 Loan Paid in Full 0 6.~~450~~990% 360 65 Grp 2 Mixed ARM ~~1211050738~~1211050722 Loan Paid in Full 0 7.~~250~~190% 360 45 Grp 2 Mixed ARM ~~1211050809~~1211050786 Loan Paid in Full 0 76.~~150~~400% 360 45

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 1.~~493~~759% Current Month 1619.~~516~~180% Current Month 2,~~305~~094.~~092~~099% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 16.516% N/A Apr-2006 2,305.092% N/A May-2006 19.180% N/A May-2006 2,094.099% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Grp 1 Mixed Fixed SMM CPR PSA Current Month 10.~~757~~005% Current Month 190.~~158~~059% Current Month ~~2,272~~5.~~145~~634% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 19.158% N/A Apr-2006 2,272.145% N/A May-2006 0.059% N/A May-2006 5.634% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Grp 2 Mixed ARM SMM CPR PSA Current Month 12.~~451~~038% Current Month 1621.~~087~~897% Current Month 2,~~310~~445.~~220~~975% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~May-2005 N/A N/A May-2005 N/A N/A~~ Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 N/A N/A Mar-2006 N/A N/A Apr-2006 16.087% N/A Apr-2006 2,310.220% N/A May-2006 21.897% N/A May-2006 2,445.975% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Interest Rate Stratification Summary Grp 1 Mixed Fixed Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 5.000 10 ~~127,959~~0.3700 0.~~061~~000 0 0.00 0.000 5.000 5.499 2 542,~~299~~232.0115 0.~~257~~261 0 0.00 0.000 5.500 5.999 2019 5,~~694~~493,~~532~~085.2742 2.~~696~~648 3 902,~~819~~322.9662 3.~~109~~110 6.000 6.499 9289 2524,~~505~~924,~~333~~044.0753 12.~~075~~016 20 5,~~214~~210,~~173~~682.8845 17.~~956~~957 6.500 6.999 ~~226~~221 5756,~~351~~037,~~739~~777.6616 27.~~153~~017 41 9,~~143~~136,~~168~~985.6824 31.~~486~~488 7.000 7.499 ~~144~~141 3332,~~831~~971,~~874~~138.5021 1615.~~017~~896 22 4,~~220~~217,~~746~~915.5416 14.~~535~~536 7.500 7.999 203 36,~~924~~905,~~083~~664.7541 17.~~481~~793 31 4,~~206~~202,~~827~~154.7432 14.~~487~~482 8.000 8.499 101 16,~~684~~674,~~028~~339.4704 78.~~899~~039 20 2,~~506~~504,~~340~~538.9879 8.631 8.500 8.999 9493 1514,~~231~~757,~~057~~844.8127 7.~~211~~115 13 1,~~845~~844,~~388~~072.8841 6.355 9.000 9.499 40 7,~~622~~619,~~662~~436.4694 3.~~609~~674 5 379,~~796~~591.1766 1.308 9.500 9.999 4140 65,~~197~~985,~~488~~019.2832 2.~~934~~886 2 240,~~444~~327.9766 0.828 10.000 10.499 20 2,~~702~~701,~~754~~673.8749 1.~~280~~303 3 176,~~686~~611.3205 0.~~608~~609 10.500 10.999 14 1,715,~~499~~752.7059 0.~~812~~827 1 70,~~567~~538.5450 0.243 11.000 11.499 7 522,~~924~~723.4588 0.~~248~~252 2 131,~~608~~561.2269 0.453 11.500 11.999 3 215,~~553~~485.6452 0.~~102~~104 0 0.00 0.000 12.000 12.499 2 288,~~484~~400.5845 0.~~137~~139 0 0.00 0.000 12.500 12.999 1 60,~~853~~837.2939 0.029 0 0.00 0.000 >= 13.000 0 0.00 0.000 0 0.00 0.000 Total ~~1,011~~996 ~~211~~207,~~219~~415,~~129~~454.1877 100.000 163 29,~~038~~017,~~569~~301.8855 100.000

Interest Rate Stratification (continued) Grp 2 Mixed ARM Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 5.000 10 ~~127,959~~0.3700 0.~~070~~000 5.000 5.499 2 542,~~299~~232.0115 0.~~298~~304 5.500 5.999 1716 4,~~791~~590,~~712~~762.3180 2.~~630~~573 6.000 6.499 7269 2019,~~291~~713,~~159~~362.1908 11.~~138~~050 6.500 6.999 ~~185~~180 4846,~~208~~900,~~570~~791.9892 26.~~462~~290 7.000 7.499 ~~122~~119 2928,~~611~~753,~~127~~223.9605 16.~~254~~117 7.500 7.999 172 32,~~717~~703,~~256~~510.0109 1718.~~959~~332 8.000 8.499 81 14,~~177~~169,~~687~~800.4925 7.~~782~~943 8.500 8.999 8180 1312,~~385~~913,~~668~~771.9386 7.~~347~~239 9.000 9.499 35 7,~~242~~239,~~866~~845.2928 34.~~976~~058 9.500 9.999 3938 5,~~957~~744,~~043~~691.3166 3.~~270~~220 10.000 10.499 17 2,~~526~~525,~~068~~062.5544 1.~~387~~415 10.500 10.999 13 1,~~644~~645,~~932~~214.1609 0.~~903~~922 11.000 11.499 5 391,~~316~~162.2319 0.~~215~~219 11.500 11.999 3 215,~~553~~485.6452 0.~~118~~121 12.000 12.499 2 288,~~484~~400.5845 0.~~158~~162 12.500 12.999 1 60,~~853~~837.2939 0.~~033~~034 >= 13.000 0 0.00 0.000 Total ~~848~~833 ~~182~~178,~~180~~398,~~559~~153.3022 100.000

Filing Compare · BancCap Asset Securitization Issuance Corp, BASIC Asset Backed Securities Trust 2006-1, Mortgage Pass-Through Certificates, Series 2006-1