10-D 1 fld06001_10d-200606.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: May 26, 2006 to June 26, 2006 Commission File Number of issuing entity: 333-125910-03 Fieldstone Mortgage Investment Trust, Series 2006-1 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-125910 Fieldstone Mortgage Investment Corporation (Exact name of depositor as specified in its charter) Fieldstone Investment Corporation (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) N/A (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___ ____________ M-1 _____ _____ __X___ ____________ M-10 _____ _____ __X___ ____________ M-11 _____ _____ __X___ ____________ M-2 _____ _____ __X___ ____________ M-3 _____ _____ __X___ ____________ M-4 _____ _____ __X___ ____________ M-5 _____ _____ __X___ ____________ M-6 _____ _____ __X___ ____________ M-7 _____ _____ __X___ ____________ M-8 _____ _____ __X___ ____________ M-9 _____ _____ __X___ ____________ OWNER CERT _____ _____ __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 June 26, 2006 a distribution was made to holders of Fieldstone Mortgage Investment Trust, Series 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 Fieldstone Mortgage Investment Trust, Series 2006-1, relating to the June 26, 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. Fieldstone Mortgage Investment Trust, Series 2006-1 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Beth Belfield Beth Belfield, Officer Date: July 6, 2006 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of Fieldstone Mortgage Investment Trust, Series 2006-1, relating to the June 26, 2006 distribution. EX-99.1 Fieldstone Mortgage Investment Trust Mortgage-Backed Notes Distribution Date: 6/26/2006 Fieldstone Mortgage Investment Trust Mortgage-Backed Notes Series 2006-1 Contact: CTSLink Customer Service Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 @ www.ctslink.com/cmbs Telephone: (301) 815-6600 Fax: (301) 815-6600

Certificateholder Distribution Summary Class CUSIP Certificate Beginning Interest Pass-Through Certificate Distribution Rate Balance A-1 31659TEX9 45.~~88000~~16125% ~~378~~365,~~966~~451,~~000~~056.0029 1,~~695~~676,~~241~~608.2423 A-2 31659TEY7 45.~~99000~~27125% 342,689,000.00 1,~~567~~605,~~516~~688.6035 A-3 31659TEZ4 5.~~07000~~35125% 20,547,000.00 9597,~~492~~735.1823 M-1 31659TFA8 5.~~16000~~44125% 33,588,000.00 ~~158~~162,~~871~~453.2496 M-2 31659TFB6 5.~~18000~~46125% 30,789,000.00 ~~146~~149,~~196~~463.4449 M-3 31659TFC4 5.~~19000~~47125% 17,727,000.00 8486,~~336~~212.2031 M-4 31659TFD2 5.~~30000~~58125% 15,861,000.00 7778,~~058~~688.0218 M-5 31659TFE0 5.~~33000~~61125% 14,928,000.00 7274,~~935~~457.7255 M-6 31659TFF7 5.~~38000~~66125% 14,461,000.00 7172,~~316~~770.8397 M-7 31659TFG5 56.~~90000~~18125% 13,529,000.00 7374,~~169~~334.34 M-8 31659TFH3 6.~~10000~~38125% 11,663,000.00 6566,~~215~~155.6113 M-9 31659TFJ9 7.~~10000~~38125% 9,330,000.00 6061,~~722~~215.7517 M-10 31659TFK6 5.00000% 5,598,000.00 23,325.00 M-11 31659TFL4 5.00000% 17,260,000.00 71,916.67 OWNER CERT FLD0601OT 0.00000% 0.01 ~~159~~1,~~951~~751,933.4099 Totals ~~926~~913,~~936~~421,~~000~~056.0130 46,~~423~~052,~~265~~958.2457

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses A-1 610,~~292~~253,~~796~~631.0911 0.00 ~~372~~355,~~673~~197,~~203~~425.9118 711,~~988~~930,~~037~~239.3334 0.00 A-2 0.00 0.00 342,689,000.00 1,~~567~~605,~~516~~688.6035 0.00 A-3 0.00 0.00 20,547,000.00 9597,~~492~~735.1823 0.00 M-1 0.00 0.00 33,588,000.00 ~~158~~162,~~871~~453.2496 0.00 M-2 0.00 0.00 30,789,000.00 ~~146~~149,~~196~~463.4449 0.00 M-3 0.00 0.00 17,727,000.00 8486,~~336~~212.2031 0.00 M-4 0.00 0.00 15,861,000.00 7778,~~058~~688.0218 0.00 M-5 0.00 0.00 14,928,000.00 7274,~~935~~457.7255 0.00 M-6 0.00 0.00 14,461,000.00 7172,~~316~~770.8397 0.00 M-7 0.00 0.00 13,529,000.00 7374,~~169~~334.34 0.00 M-8 0.00 0.00 11,663,000.00 6566,~~215~~155.6113 0.00 M-9 0.00 0.00 9,330,000.00 6061,~~722~~215.7517 0.00 M-10 0.00 0.00 5,598,000.00 23,325.00 0.00 M-11 0.00 0.00 17,260,000.00 71,916.67 0.00 OWNER CERT 0.00 0.00 0.01 ~~159~~1,~~951~~751,933.4099 0.00 Totals 610,~~292~~253,~~796~~631.0911 0.00 ~~920~~903,~~643~~167,~~203~~425.9219 1016,~~716~~306,~~061~~589.3368 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-1 378,966,000.00 ~~378~~365,~~966~~451,~~000~~056.0029 0.00 610,~~292~~253,~~796~~631.0911 0.00 0.00 A-2 342,689,000.00 342,689,000.00 0.00 0.00 0.00 0.00 A-3 20,547,000.00 20,547,000.00 0.00 0.00 0.00 0.00 M-1 33,588,000.00 33,588,000.00 0.00 0.00 0.00 0.00 M-2 30,789,000.00 30,789,000.00 0.00 0.00 0.00 0.00 M-3 17,727,000.00 17,727,000.00 0.00 0.00 0.00 0.00 M-4 15,861,000.00 15,861,000.00 0.00 0.00 0.00 0.00 M-5 14,928,000.00 14,928,000.00 0.00 0.00 0.00 0.00 M-6 14,461,000.00 14,461,000.00 0.00 0.00 0.00 0.00 M-7 13,529,000.00 13,529,000.00 0.00 0.00 0.00 0.00 M-8 11,663,000.00 11,663,000.00 0.00 0.00 0.00 0.00 M-9 9,330,000.00 9,330,000.00 0.00 0.00 0.00 0.00 M-10 5,598,000.00 5,598,000.00 0.00 0.00 0.00 0.00 M-11 17,260,000.00 17,260,000.00 0.00 0.00 0.00 0.00 OWNER CERT 0.01 0.01 0.00 0.00 0.00 0.00 Totals 926,936,000.01 ~~926~~913,~~936~~421,~~000~~056.0130 0.00 610,~~292~~253,~~796~~631.0911 0.00 0.00

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1 610,~~292~~253,~~796~~631.0911 ~~372~~355,~~673~~197,~~203~~425.9118 0.~~98339483~~93728046 610,~~292~~253,~~796~~631.0911 A-2 0.00 342,689,000.00 1.00000000 0.00 A-3 0.00 20,547,000.00 1.00000000 0.00 M-1 0.00 33,588,000.00 1.00000000 0.00 M-2 0.00 30,789,000.00 1.00000000 0.00 M-3 0.00 17,727,000.00 1.00000000 0.00 M-4 0.00 15,861,000.00 1.00000000 0.00 M-5 0.00 14,928,000.00 1.00000000 0.00 M-6 0.00 14,461,000.00 1.00000000 0.00 M-7 0.00 13,529,000.00 1.00000000 0.00 M-8 0.00 11,663,000.00 1.00000000 0.00 M-9 0.00 9,330,000.00 1.00000000 0.00 M-10 0.00 5,598,000.00 1.00000000 0.00 M-11 0.00 17,260,000.00 1.00000000 0.00 OWNER CERT 0.00 0.01 1.00000000 0.00 Totals 610,~~292~~253,~~796~~631.0911 ~~920~~903,~~643~~167,~~203~~425.9219 0.~~99321119~~97435791 610,~~292~~253,~~796~~631.0911

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution A-1 378,966,000.00 ~~1000~~964.~~00000000~~33731862 0.00000000 1627.~~60517326~~05686291 0.00000000 A-2 342,689,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 20,547,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 33,588,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 30,789,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 17,727,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 15,861,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 14,928,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 14,461,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 13,529,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 11,663,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 9,330,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 5,598,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 17,260,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 OWNER CERT 0.01 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 1627.~~60517326~~05686291 ~~983~~937.~~39482674~~28045571 0.~~98339483~~93728046 1627.~~60517326~~05686291 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 M-8 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-11 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 OWNER CERT 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 NOTE: All classes are per $1,000.00 denominations.

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 0305/2325/06 - 0406/2425/06 3332 45.~~88000~~16125% ~~378~~365,~~966~~451,~~000~~056.0029 1,~~695~~676,~~241~~608.2423 0.00 A-2 0305/2325/06 - 0406/2425/06 3332 45.~~99000~~27125% 342,689,000.00 1,~~567~~605,~~516~~688.6035 0.00 A-3 0305/2325/06 - 0406/2425/06 3332 5.~~07000~~35125% 20,547,000.00 9597,~~492~~735.1823 0.00 M-1 0305/2325/06 - 0406/2425/06 3332 5.~~16000~~44125% 33,588,000.00 ~~158~~162,~~871~~453.2496 ~~2,049~~0.7800 M-2 0305/2325/06 - 0406/2425/06 3332 5.~~18000~~46125% 30,789,000.00 ~~146~~149,~~196~~463.4449 ~~2,443~~0.4300 M-3 0305/2325/06 - 0406/2425/06 3332 5.~~19000~~47125% 17,727,000.00 8486,~~336~~212.2031 ~~1,569~~0.3200 M-4 0305/2325/06 - 0406/2425/06 3332 5.~~30000~~58125% 15,861,000.00 7778,~~058~~688.0218 ~~3,003~~0.4500 M-5 0305/2325/06 - 0406/2425/06 3332 5.~~33000~~61125% 14,928,000.00 7274,~~935~~457.7255 ~~3,237~~0.2900 M-6 0305/2325/06 - 0406/2425/06 3332 5.~~38000~~66125% 14,461,000.00 7172,~~316~~770.8397 ~~3,798~~0.8200 M-7 0305/2325/06 - 0406/2425/06 3332 56.~~90000~~18125% 13,529,000.00 7374,~~169~~334.34 ~~10,002~~0.8100 M-8 0305/2325/06 - 0406/2425/06 3332 6.~~10000~~38125% 11,663,000.00 6566,~~215~~155.6113 ~~10,761~~0.3800 M-9 0305/2325/06 - 0406/2425/06 3332 7.~~10000~~38125% 9,330,000.00 6061,~~722~~215.75 17 4,~~161~~829.2303 M-10 0305/01/06 - 0305/30/06 30 5.00000% 5,598,000.00 23,325.00 0.00 M-11 0305/01/06 - 0305/30/06 30 5.00000% 17,260,000.00 71,916.67 0.00 OWNER CERT N/A N/A 0.00000% 0.01 0.00 0.00 Totals 4,~~263~~301,~~313~~024.8458 544,~~027~~829.5103

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 1,~~695~~676,~~241~~608.2423 0.00 ~~372~~355,~~673~~197,~~203~~425.9118 A-2 0.00 0.00 1,~~567~~605,~~516~~688.6035 0.00 342,689,000.00 A-3 0.00 0.00 9597,~~492~~735.1823 0.00 20,547,000.00 M-1 ~~2,049~~0.7800 0.00 ~~158~~162,~~871~~453.2496 0.00 33,588,000.00 M-2 ~~2,443~~0.4300 0.00 ~~146~~149,~~196~~463.4449 0.00 30,789,000.00 M-3 ~~1,569~~0.3200 0.00 8486,~~336~~212.2031 0.00 17,727,000.00 M-4 ~~3,003~~0.4500 0.00 7778,~~058~~688.0218 0.00 15,861,000.00 M-5 ~~3,237~~0.2900 0.00 7274,~~935~~457.7255 0.00 14,928,000.00 M-6 ~~3,798~~0.8200 0.00 7172,~~316~~770.8397 0.00 14,461,000.00 M-7 ~~10,002~~0.8100 0.00 7374,~~169~~334.34 0.00 13,529,000.00 M-8 ~~10,761~~0.3800 0.00 6566,~~215~~155.6113 0.00 11,663,000.00 M-9 174,~~161~~829.2303 0.00 6061,~~722~~215.7517 0.00 9,330,000.00 M-10 0.00 0.00 23,325.00 0.00 5,598,000.00 M-11 0.00 0.00 71,916.67 0.00 17,260,000.00 OWNER CERT 0.00 0.00 ~~159~~1,~~951~~751,933.4099 0.00 0.01 Totals 544,~~027~~829.5103 0.00 46,~~423~~052,~~265~~958.2457 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-1 378,966,000.00 45.~~88000~~16125% ~~1000~~964.~~00000000~~33731862 4.~~47333333~~42416531 0.00000000 A-2 342,689,000.00 45.~~99000~~27125% 1000.00000000 4.~~57416666~~68555556 0.00000000 A-3 20,547,000.00 5.~~07000~~35125% 1000.00000000 4.~~64749988~~75666667 0.00000000 M-1 33,588,000.00 5.~~16000~~44125% 1000.00000000 4.~~73000000~~83666667 0.~~06102715~~00000000 M-2 30,789,000.00 5.~~18000~~46125% 1000.00000000 4.~~74833350~~85444444 0.~~07936049~~00000000 M-3 17,727,000.00 5.~~19000~~47125% 1000.00000000 4.~~75749986~~86333333 0.~~08852711~~00000000 M-4 15,861,000.00 5.~~30000~~58125% 1000.00000000 4.~~85833302~~96111090 0.~~18936070~~00000000 M-5 14,928,000.00 5.~~33000~~61125% 1000.00000000 4.~~88583333~~98777800 0.~~21686026~~00000000 M-6 14,461,000.00 5.~~38000~~66125% 1000.00000000 45.~~93166655~~03222253 0.~~26269414~~00000000 M-7 13,529,000.00 56.~~90000~~18125% 1000.00000000 5.~~40833321~~49444453 0.~~73936063~~00000000 M-8 11,663,000.00 6.~~10000~~38125% 1000.00000000 5.~~59166681~~67222241 0.~~92269399~~00000000 M-9 9,330,000.00 7.~~10000~~38125% 1000.00000000 6.~~50833333~~56111147 10.~~83936013~~51758092 M-10 5,598,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 M-11 17,260,000.00 5.00000% 1000.00000000 4.16666686 0.00000000 OWNER CERT 0.01 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 4.~~47333333~~42416531 0.00000000 ~~983~~937.~~39482674~~28045571 A-2 0.00000000 0.00000000 4.~~57416666~~68555556 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 4.~~64749988~~75666667 0.00000000 1000.00000000 M-1 0.~~06102715~~00000000 0.00000000 4.~~73000000~~83666667 0.00000000 1000.00000000 M-2 0.~~07936049~~00000000 0.00000000 4.~~74833350~~85444444 0.00000000 1000.00000000 M-3 0.~~08852711~~00000000 0.00000000 4.~~75749986~~86333333 0.00000000 1000.00000000 M-4 0.~~18936070~~00000000 0.00000000 4.~~85833302~~96111090 0.00000000 1000.00000000 M-5 0.~~21686026~~00000000 0.00000000 4.~~88583333~~98777800 0.00000000 1000.00000000 M-6 0.~~26269414~~00000000 0.00000000 45.~~93166655~~03222253 0.00000000 1000.00000000 M-7 0.~~73936063~~00000000 0.00000000 5.~~40833321~~49444453 0.00000000 1000.00000000 M-8 0.~~92269399~~00000000 0.00000000 5.~~59166681~~67222241 0.00000000 1000.00000000 M-9 10.~~83936013~~51758092 0.00000000 6.~~50833333~~56111147 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 4.16666686 0.00000000 1000.00000000 OWNER CERT 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 are per $1,000.00 denominations.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1016,~~735~~238,~~028~~250.7551 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances ~~177~~423,~~465~~217.4231 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties 97139,~~870~~425.0542 Swap/Cap Payments 57215,~~619~~172.6722 Total Deposits 1117,~~067~~016,~~983~~065.8946 Withdrawals Swap Payments ~~13,184~~0.2900 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 0322,915.0016 Total Administration Fees ~~294~~386,~~302~~560.8962 Payment of Interest and Principal 1016,~~716~~306,~~061~~589.3368 Total Withdrawals (Pool Distribution Amount) 1117,~~023~~016,~~548~~065.5146 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.

ADMINISTRATION FEES Gross Servicing Fee* ~~291~~383,~~677~~112.8161 Master Servicing Fee - Wells Fargo Bank, NA 23,~~625~~448.0801 Owner Trustee Fee - US Bank Trust NA 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees ~~294~~386,~~302~~560.8962 *Servicer Payees include: CHASE HOME FINANCE LLC

Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Basis Risk Reserve Account 0.00 57215,~~619~~172.6722 57215,~~619~~172.6722 0.00 Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) Net Swap (FXNSC8007) - ~~776~~Bear Stearns 903,~~254~~333.2833 ~~742~~821,~~000~~500.00 3481,~~254~~833.2833 ~~Bear Stearns~~ Net Swap (FXNSC8005) - ~~388~~Bear Stearns 451,~~127~~666.1467 ~~378~~419,~~466~~016.67 932,~~660~~650.4700 ~~Bear Stearns~~ Net Swap (FXNSC8004) - ~~388~~Bear Stearns 225,~~127~~833.1433 ~~374~~207,~~422~~269.2244 1318,~~704~~563.9289 ~~Bear Stearns~~ Net Swap (FXNSC8002) - ~~582~~Bear Stearns 677,~~190~~500.7100 595,375.00 ~~(13~~82,~~184~~125.~~29) Bear Stearns~~00

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 57.~~946400~~942712% Weighted Average Net Coupon 57.~~571240~~442712% Weighted Average Pass-Through Rate 57.~~567860~~438212% Weighted Average Remaining Term 354 Beginning Scheduled Collateral Loan Count 34,~~546~~688 Number Of Loans Paid In Full 2552 Ending Scheduled Collateral Loan Count 34,~~521~~636 Beginning Scheduled Collateral Balance ~~932~~919,~~959~~470,~~356~~289.5832 Ending Scheduled Collateral Balance ~~693~~909,~~774~~231,~~837~~925.7313 Ending Actual Collateral Balance at 31-~~Mar~~May-2006 ~~693~~909,~~949~~500,~~321~~921.3268 Monthly P&I Constant 46,~~832~~367,~~916~~456.8891 Special Servicing Fee 0.00 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 97139,~~870~~425.0542 Prepayment Penalty Paid Count *22 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~693~~909,~~774~~231,~~837~~925.7313 Scheduled Principal ~~209~~281,~~791~~550.0257 Unscheduled Principal 69,~~042~~956,~~125~~813.~~83 * This data is currently not provided for reporting.~~62

Pre-Funding Account Beginning Balance ~~232~~15,~~932,602~~266.0011 Pre-Funding Account Ending Balance ~~232,932,602~~0.00

Group Level Collateral Statement Group 1 2 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 68.~~585980~~591875 57.~~897990~~890921 Weighted Average Net Rate 68.~~211840~~091875 57.~~522750~~390921 Pass-Through Rate 68.~~208470~~087375 57.~~519370~~386421 Weighted Average Remaining Term ~~305~~318 ~~358~~357 Record Date 0305/31/2006 0305/31/2006 Principal And Interest Constant ~~389~~529,~~432~~551.9093 45,~~443~~837,~~483~~904.98 Beginning Loan Count ~~485~~632 34,~~061~~056 Loans Paid in Full 39 2243 Ending Loan Count ~~482~~623 34,~~039~~013 Beginning Scheduled Balance 4967,~~122~~936,~~104~~274.5226 ~~650~~851,~~904~~534,~~650~~015.06 Ending Scheduled Balance 4866,~~929~~865,~~765~~694.2156 ~~644~~842,~~845~~366,~~072~~230.5257 Scheduled Principal 2943,~~140~~135.5529 ~~180~~238,~~650~~415.4728 Unscheduled Principal ~~163~~1,~~198~~027,444.7641 58,~~878~~929,~~927~~369.0721 Scheduled Interest ~~360~~486,~~292~~416.3564 45,~~262~~599,~~833~~489.5170 Servicing Fees 2028,~~467~~306.5377 ~~271~~354,~~210~~805.2884 Master Servicing Fees ~~184~~254.1875 23,~~440~~193.9026 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 ~~339~~457,~~640~~855.6412 35,~~989~~241,~~182~~490.3360 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 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 57.~~946400~~942712 Weighted Average Net Rate 57.~~571240~~442712 Pass-Through Rate 57.~~567860~~438212 Weighted Average Remaining Term 354 Record Date 0305/31/2006 Principal And Interest Constant 46,~~832~~367,~~916~~456.8891 Beginning Loan Count 34,~~546~~688 Loans Paid in Full 2552 Ending Loan Count 34,~~521~~636 Beginning Scheduled Balance ~~700~~919,~~026~~470,~~754~~289.5832 Ending Scheduled Balance ~~693~~909,~~774~~231,~~837~~925.7313 Scheduled Principal ~~209~~281,~~791~~550.0257 Unscheduled Principal 69,~~042~~956,~~125~~813.8362 Scheduled Interest 46,~~623~~085,~~125~~906.8634 Servicing Fees ~~291~~383,~~677~~112.8161 Master Servicing Fees 23,~~625~~448.0801 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 45,~~328~~699,~~822~~345.9772 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 97139,~~870~~425.0542 Prepayment Penalty Paid Count *22 Special Servicing Fee 0.00 * This data is currently not provided for reporting.

Additional Reporting - Deal Level Informational Reporting LIBOR 45.~~800000~~081250% Stepdown Date NO Structural Reporting Overcollateralization Amount 6,064,~~235~~499.8295 Overcollateralization Deficiency Amount 0.00 Target Overcollateralization Amount 6,064,~~235~~499.8295 Trigger Event Reporting ~~CUMULATIVE~~Cumulative ~~LOSS~~Loss ~~TRIGGER~~Trigger Trigger Result Pass Threshold Value 01.~~000000~~400000% Calculated Value 0.000000% ~~DELINQUENCY~~Delinquency ~~TRIGGER~~Trigger Trigger Result Pass Threshold Value 0.000000% Calculated Value 0.~~000000~~296305% ~~TRIGGER~~Trigger Event Trigger Result Pass NOTE: A Trigger Event can not come into effect until Stepdown Date has occured.

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 01 0 0 01 0153,000.00 0.00 0.00 0153,000.00 30 Days 2243 0 0 0 2243 410,~~562~~088,~~877~~846.1736 0.00 0.00 0.00 410,~~562~~088,~~877~~846.1736 60 Days 321 01 01 0 323 ~~902~~3,~~900~~893,954.0042 056,304.0058 0169,550.00 0.00 ~~902~~4,~~900~~119,809.00 90 Days 3 0 0 9 0 39 ~~575,960~~0.00 0.00 02,221,498.0036 0.00 ~~575~~2,~~960~~221,498.0036 120 Days 1 0 02 0 13 ~~207~~414,~~400~~000.00 0.00 0564,000.00 0.00 ~~207~~978,~~400~~000.00 150 Days 0 0 03 0 03 0.00 0.00 0575,960.00 0.00 0575,960.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2965 02 015 0 2982 614,~~249~~396,~~137~~800.1778 0209,304.0058 03,531,008.0036 0.00 618,~~249,~~137,113.1772 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~~021570% 0.000000% 0.000000% 0.~~000000~~021570% 0.~~000000~~016822% 0.000000% 0.000000% 0.~~000000~~016822% 30 Days 0.~~624822~~927524% 0.000000% 0.000000% 0.000000% 0.~~624822~~927524% 01.~~657523~~109273% 0.000000% 0.000000% 0.000000% 01.~~657523~~109273% 60 Days 0.~~085203~~452977% 0.~~000000~~021570% 0.~~000000~~021570% 0.000000% 0.~~085203~~496117% 0.~~130110~~428142% 0.~~000000~~006191% 0.~~000000~~018642% 0.000000% 0.~~130110~~452975% 90 Days 0.~~085203~~000000% 0.000000% 0.~~000000~~194133% 0.000000% 0.~~085203~~194133% 0.~~082997~~000000% 0.000000% 0.~~000000~~244255% 0.000000% 0.~~082997~~244255% 120 Days 0.~~028401~~021570% 0.000000% 0.~~000000~~043141% 0.000000% 0.~~028401~~064711% 0.~~029887~~045519% 0.000000% 0.~~000000~~062012% 0.000000% 0.~~029887~~107532% 150 Days 0.000000% 0.000000% 0.~~000000~~064711% 0.000000% 0.~~000000~~064711% 0.000000% 0.000000% 0.~~000000~~063327% 0.000000% 0.~~000000~~063327% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~823630~~402071% 0.~~000000~~043141% 0.~~000000~~323555% 0.000000% 01.~~823630~~768766% 01.~~900518~~582934% 0.~~000000~~023013% 0.~~000000~~388236% 0.000000% 01.~~900518~~994183%

Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~177~~423,~~465~~217.4231

Delinquency Status By Group DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 1 0 0 0 1 ~~100~~139,~~945~~200.9700 0.00 0.00 0.00 ~~100~~139,~~945~~200.9700 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 10 0 0 0 10 ~~117,800~~0.00 0.00 0.00 0.00 ~~117,800~~0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 01 0 01 0.00 0.00 0117,800.00 0.00 0117,800.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 21 0 01 0 2 ~~218~~139,~~745~~200.9700 0.00 0117,800.00 0.00 ~~218~~257,~~745~~000.9700 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~207469~~160514% 0.000000% 0.000000% 0.000000% 0.~~207469~~160514% 0.~~206216~~208070% 0.000000% 0.000000% 0.000000% 0.~~206216~~208070% 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.~~207469~~000000% 0.000000% 0.000000% 0.000000% 0.~~207469~~000000% 0.~~240646~~000000% 0.000000% 0.000000% 0.000000% 0.~~240646~~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~~160514% 0.000000% 0.~~000000~~160514% 0.000000% 0.000000% 0.~~000000~~176082% 0.000000% 0.~~000000~~176082% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~414938~~160514% 0.000000% 0.~~000000~~160514% 0.000000% 0.~~414938~~321027% 0.~~446862~~208070% 0.000000% 0.~~000000~~176082% 0.000000% 0.~~446862~~384152% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 01 0 0 01 0153,000.00 0.00 0.00 0153,000.00 30 Days 2142 0 0 0 2142 49,~~461~~949,~~931~~646.2036 0.00 0.00 0.00 49,~~461~~949,~~931~~646.2036 60 Days 321 01 01 0 323 ~~902~~3,~~900~~893,954.0042 056,304.0058 0169,550.00 0.00 ~~902~~4,~~900~~119,809.00 90 Days 2 0 0 9 0 29 ~~458,160~~0.00 0.00 02,221,498.0036 0.00 ~~458~~2,~~160~~221,498.0036 120 Days 1 0 02 0 13 ~~207~~414,~~400~~000.00 0.00 0564,000.00 0.00 ~~207~~978,~~400~~000.00 150 Days 0 0 02 0 02 0.00 0.00 0458,160.00 0.00 0458,160.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2764 02 014 0 2780 614,~~030~~257,~~391~~600.2078 0209,304.0058 03,413,208.0036 0.00 617,~~030~~880,~~391~~113.2072 0-29 Days 0.~~000000~~024919% 0.000000% 0.000000% 0.~~000000~~024919% 0.~~000000~~018158% 0.000000% 0.000000% 0.~~000000~~018158% 30 Days 01.~~691017~~046599% 0.000000% 0.000000% 0.000000% 01.~~691017~~046599% 01.~~691775~~180826% 0.000000% 0.000000% 0.000000% 01.~~691775~~180826% 60 Days 0.~~098717~~523299% 0.~~000000~~024919% 0.~~000000~~024919% 0.000000% 0.~~098717~~573137% 0.~~139985~~462135% 0.~~000000~~006682% 0.~~000000~~020122% 0.000000% 0.~~139985~~488940% 90 Days 0.~~065811~~000000% 0.000000% 0.~~000000~~224271% 0.000000% 0.~~065811~~224271% 0.~~071033~~000000% 0.000000% 0.~~000000~~263648% 0.000000% 0.~~071033~~263648% 120 Days 0.~~032906~~024919% 0.000000% 0.~~000000~~049838% 0.000000% 0.~~032906~~074757% 0.~~032155~~049134% 0.000000% 0.~~000000~~066936% 0.000000% 0.~~032155~~116069% 150 Days 0.000000% 0.000000% 0.~~000000~~049838% 0.000000% 0.~~000000~~049838% 0.000000% 0.000000% 0.~~000000~~054375% 0.000000% 0.~~000000~~054375% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~888450~~594817% 0.~~000000~~049838% 0.~~000000~~348866% 0.000000% 01.~~888450~~993521% 01.~~934948~~692095% 0.~~000000~~024840% 0.~~000000~~405080% 0.000000% 02.~~934948~~122016%

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~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 0.00 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current REO Total ~~Sep~~Nov-05 0.000% Loans in REO 0 ~~Oct~~Dec-05 0.000% Original Principal Balance 0.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-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. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~May~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 0.00 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current REO Total ~~Sep~~Nov-05 0.000% Loans in REO 0 ~~Oct~~Dec-05 0.000% Original Principal Balance 0.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-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. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~May~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 0.00 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current REO Total ~~Sep~~Nov-05 0.000% Loans in REO 0 ~~Oct~~Dec-05 0.000% Original Principal Balance 0.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-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 015 ~~May~~Jul-05 0.000% Original Principal Balance 03,531,160.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 03,531,008.0036 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current Foreclosure Total ~~Sep~~Nov-05 0.000% Loans in Foreclosure 015 ~~Oct~~Dec-05 0.000% Original Principal Balance 03,531,160.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 03,531,008.0036 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-06 0.~~000~~388% *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. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 01 ~~May~~Jul-05 0.000% Original Principal Balance 0117,800.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 0117,800.00 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current Foreclosure Total ~~Sep~~Nov-05 0.000% Loans in Foreclosure 01 ~~Oct~~Dec-05 0.000% Original Principal Balance 0117,800.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 0117,800.00 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-06 0.~~000~~176% *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. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 014 ~~May~~Jul-05 0.000% Original Principal Balance 03,413,360.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 03,413,208.0036 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current Foreclosure Total ~~Sep~~Nov-05 0.000% Loans in Foreclosure 014 ~~Oct~~Dec-05 0.000% Original Principal Balance 03,413,360.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 03,413,208.0036 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-06 0.~~000~~405% *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 Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No1 ~~Foreclosure~~0698159619 ~~Loans~~Jun-2006 ~~this~~01-Dec-2005 ~~Period~~CO 20.00 117,800.00 2 0697992619 Jun-2006 01-Jan-2006 CO 80.00 169,600.00 2 2415477317 Jun-2006 01-Jan-2006 IL 80.00 348,000.00 2 2415786317 Jun-2006 01-Jan-2006 IL 80.00 144,000.00 2 3089019772 Jun-2006 01-Feb-2006 NJ 80.00 324,000.00 2 3485080222 Jun-2006 01-Feb-2006 GA 80.00 132,000.00 2 3783519562 Jun-2006 01-Nov-2005 FL 80.00 216,000.00 2 4410936436 Jun-2006 01-Feb-2006 TX 80.00 480,000.00 2 4467613426 Jun-2006 01-Dec-2005 NV 80.00 188,160.00 2 8683274444 Jun-2006 01-Feb-2006 NE 90.00 98,100.00 2 8683295444 Jun-2006 01-Feb-2006 MO 75.00 93,750.00 2 9084508678 Jun-2006 01-Nov-2005 WA 90.00 270,000.00 2 9085166678 Jun-2006 01-Jan-2006 WA 85.00 280,500.00 2 9096753278 Jun-2006 01-Feb-2006 CA 79.39 361,250.00 2 9097121278 Jun-2006 01-Feb-2006 CA 80.00 308,000.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Actual To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No1 ~~Foreclosure~~0698159619 ~~Loans~~117,800.00 ~~this~~01-Nov-2005 ~~Period~~5 9.990% 2,788.49 2 0697992619 169,550.00 01-Feb-2006 2 7.100% 2,797.56 2 2415477317 348,000.00 01-Dec-2005 4 7.689% 6,254.43 2 2415786317 143,898.36 01-Jan-2006 3 7.750% 2,602.56 2 3089019772 324,000.00 01-Jan-2006 3 7.990% 6,054.57 2 3485080222 132,000.00 01-Jan-2006 3 7.500% 2,304.81 2 3783519562 216,000.00 01-Dec-2005 4 8.240% 4,179.60 2 4410936436 480,000.00 01-Jan-2006 3 7.750% 8,681.44 2 4467613426 188,160.00 01-Nov-2005 5 9.050% 4,010.89 2 8683274444 98,100.00 01-Jan-2006 3 10.250% 2,388.14 2 8683295444 93,750.00 01-Jan-2006 3 11.150% 2,493.47 2 9084508678 270,000.00 01-Nov-2005 5 7.000% 4,387.50 2 9085166678 280,500.00 01-Jan-2006 3 7.500% 4,908.75 2 9096753278 361,250.00 01-Jan-2006 3 7.375% 6,208.98 2 9097121278 308,000.00 01-Jan-2006 3 8.450% 6,121.50

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Summary 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 02 ~~May~~Jul-05 0.000% Original Principal Balance 0209,500.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 0209,304.0058 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current Bankruptcy Total ~~Sep~~Nov-05 0.000% Loans in Bankruptcy 02 ~~Oct~~Dec-05 0.000% Original Principal Balance 0209,500.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 0209,304.0058 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-06 0.~~000~~023% *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. 1 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 ~~May~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 0.00 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current Bankruptcy Total ~~Sep~~Nov-05 0.000% Loans in Bankruptcy 0 ~~Oct~~Dec-05 0.000% Original Principal Balance 0.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-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. 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 02 ~~May~~Jul-05 0.000% Original Principal Balance 0209,500.00 ~~Jun~~Aug-05 0.000% Current Actual Balance 0209,304.0058 ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% Current Bankruptcy Total ~~Sep~~Nov-05 0.000% Loans in Bankruptcy 02 ~~Oct~~Dec-05 0.000% Original Principal Balance 0209,500.00 ~~Nov~~Jan-0506 0.000% Current Actual Balance 0209,304.0058 ~~Dec~~Feb-0506 0.000% ~~Jan~~Mar-06 0.000% ~~Feb~~Apr-06 0.000% ~~Mar~~May-06 0.000% ~~Apr~~Jun-06 0.~~000~~025% *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 Group Loan Month Loan First State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance No2 ~~Bankruptcy~~3485261222 ~~Loans~~Jun-2006 ~~this~~01-Apr-2006 ~~Period~~VA 79.28 153,000.00 2 4410592436 Jun-2006 01-Feb-2006 TN 73.85 56,500.00

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Actual Date Delinquent Loan Rate Delinquent Balance Interest No2 ~~Bankruptcy~~3485261222 ~~Loans~~153,000.00 ~~this~~01-May-2006 ~~Period~~0 9.100% 2,193.00 2 4410592436 56,304.58 01-Feb-2006 2 9.000% 1,195.10

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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Apr~~Jun-2006 0.000% N/A ~~Apr~~Jun-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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Apr~~Jun-2006 0.000% N/A ~~Apr~~Jun-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. 1 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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Apr~~Jun-2006 0.000% N/A ~~Apr~~Jun-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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Apr~~Jun-2006 0.000% N/A ~~Apr~~Jun-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. 2 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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Apr~~Jun-2006 0.000% N/A ~~Apr~~Jun-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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Feb~~Apr-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Mar~~May-2006 ~~N/A~~0.000% N/A ~~Apr~~Jun-2006 0.000% N/A ~~Apr~~Jun-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 1 39 ~~147~~1,~~937~~026,354.00 ~~147~~1,~~810~~024,358.9114 0 0.00 0.00 2 2243 58,~~837~~912,~~110~~830.00 58,~~834~~902,~~097~~905.4373 0 0.00 0.00 Total 2552 59,~~985~~939,~~047~~184.00 59,~~981~~927,~~908~~263.3487 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 1 0 0.00 0.00 0 0.00 0.00 153,~~443~~628.9399 2 0 0.00 0.00 0 0.00 0.00 4628,~~297~~961.6204 Total 0 0.00 0.00 0 0.00 0.00 6132,~~741~~590.5503

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 ~~2415644317~~0598807922 CA 35.31 01-Feb-2006 109,204.00 108,737.72 1 2187037112 FL 72.22 01-Feb-2006 65,000.00 64,802.34 1 2412858317 IL 1590.00 01-Oct-2005 110,250.00 110,250.00 1 2415041317 IL 20.00 01-Jan-2006 3852,~~700~~500.00 3852,~~637~~358.6791 1 ~~8087969179~~2416950317 AZMN 1990.9900 01-Feb-2006 41131,~~437~~400.00 41130,~~384~~996.9828 1 ~~9085764678~~2417708317 IL 20.00 01-Mar-2006 29,000.00 28,961.99 1 4476000426 WA 65.71 01-Apr-2006 230,000.00 229,552.44 1 9780520777 NV 80.00 01-Jan-2006 239,200.00 238,478.43 1 9780521777 NV 20.00 01-~~Feb~~Jan-2006 6759,800.00 6759,~~732~~677.1831 2 ~~0597880922~~0509148922 CA 8090.00 01-Jan-2006 405,000.00 404,955.03 2 0597934922 CA 41.93 01-Nov-2005 ~~300~~346,000.00 ~~300~~346,000.00 2 ~~1592553913~~0598435922 CA 7969.4073 01-Dec-2005 265,000.00 263,726.09 2 0598575922 CA 80.00 01-Dec-2005 292,000.00 290,291.55 2 0598853922 CA 85.00 01-Feb-2006 ~~320~~289,000.00 ~~319~~288,~~318~~998.0533 2 ~~1592583913~~1592322913 AZCA 9080.00 01-~~Mar~~Feb-2006 ~~397~~370,~~800~~400.00 ~~397~~370,~~505~~400.5800 2 ~~2414776317~~2187027112 MD 86.15 01-Feb-2006 280,000.00 280,000.00 2 2187251112 MD 82.04 01-Apr-2006 201,000.00 200,608.87 2 2414998317 IL 85.00 01-Jan-2006 ~~175~~185,~~100~~300.00 ~~174~~185,~~637~~300.1500 2 ~~2415397317~~2415040317 IL 80.00 01-Jan-2006 ~~252~~210,000.00 ~~251~~209,~~252~~131.3464 2 ~~2415574317~~2416059317 IL 8580.00 01-Jan-2006 ~~219~~105,~~300~~920.00 ~~219~~105,524.07 2 2416279317 IL 90.00 01-Feb-2006 189,000.00 189,000.00 2 2416758317 IL 70.00 01-Feb-2006 111,300.00 111,074.93 2 ~~2415963317~~2417011317 MIIL 8978.6218 01-~~Jan~~Feb-2006 ~~214~~172,~~200~~000.00 ~~213~~171,~~618~~466.13 2 ~~2416292317~~2417281317 IL 9034.0066 01-~~Jan~~Feb-2006 ~~220~~52,~~500~~000.00 ~~220~~52,~~500~~000.00 2 ~~2418489317~~2417284317 IL 9080.00 01-~~Apr~~Mar-2006 ~~378~~384,~~900~~000.00 ~~378~~383,~~715~~049.5987 2 ~~3089421772~~2417289317 MAIL 4580.9700 01-Mar-2006 ~~200~~160,000.00 ~~199~~160,~~822~~000.3000 2 ~~3782229562~~2417431317 FLIL 80.00 01-~~Sep~~Mar-~~2005~~2006 1248,800.00 248,309.80 2 2417706317 IL 80.00 01-Mar-2006 116,000.00 115,748.91 2 2418988317 IL 88.50 01-May-2006 323,000.00 1322,680.99 2 2418999317 IL 87.87 01-May-2006 500,000.00 500,000.00 2 ~~3783231562~~2419716317 FLIL 68.26 01-May-2006 200,000.00 199,812.63 2 3087263772 NJ 70.00 01-~~Nov~~Sep-2005 206,500.00 206,500.00 2 3089028772 MA 75.68 01-Feb-2006 140,000.00 139,~~577~~504.6511 2 ~~4458742426~~3089032772 KSVT 8980.0500 01-Mar-2006 84268,~~600~~000.00 84267,~~501~~376.2945 2 ~~4470573426~~3089435772 MSMA 40.82 01-Apr-2006 100,000.00 99,834.88 2 3485960222 GA 85.00 01-~~Feb~~May-2006 ~~212~~372,~~500~~300.00 ~~212~~372,~~270~~300.5900 2 ~~8087556179~~3782645562 AZFL 7975.9900 01-Oct-2005 246,750.00 244,922.44 2 4393153476 NM 16.94 01-Jan-2006 ~~170~~50,~~036~~000.00 ~~170~~49,~~036~~805.0035 2 ~~8087747179~~4468750426 AZWA 80.00 01-Feb-2006 ~~188~~139,~~000~~960.00 ~~188~~139,960.00 2 4468986426 NM 80.00 01-Feb-2006 112,000.00 111,599.58 2 ~~8087756179~~4470288426 AZIA 8995.9900 01-Jan-2006 ~~169~~85,~~294~~500.00 ~~168~~85,~~879~~134.20 2 4472616426 NM 75.00 01-Apr-2006 63,750.00 63,687.61 2 4472750426 MO 76.87 01-Mar-2006 66,500.00 66,363.37 2 ~~8087760179~~4475506426 MO 80.00 01-May-2006 97,200.00 97,107.96 2 8087851179 AZ 7970.9900 01-~~Jan~~Feb-2006 ~~284~~213,~~382~~500.00 ~~284~~213,~~382~~500.00 2 ~~8087968179~~8088122179 AZ 80.00 01-Mar-2006 184,124.00 184,124.00 2 8088139179 AZ 79.99 01-~~Feb~~Mar-2006 ~~165~~154,~~748~~326.00 ~~165~~154,~~748~~025.0008 2 ~~8682663444~~8088153179 NEAZ 9080.00 01-~~Jan~~Mar-2006 ~~276~~308,~~750~~000.00 ~~276~~307,~~750~~985.0040 2 ~~8683231444~~8682820444 MO 8371.2042 01-Feb-2006 ~~104~~50,000.00 ~~103~~49,~~815~~898.4190 2 ~~9096941278~~9085209678 CAOR 80.00 01-~~Feb~~Jan-2006 ~~364~~83,200.00 83,200.00 2 9085385678 WA 80.00 01-Jan-2006 228,000.00 ~~364~~228,000.00 2 9097480278 CA 90.00 01-Apr-2006 337,500.00 337,500.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 ~~2415644317~~0598807922 Loan Paid in Full 0 6.850% 360 4 1 2187037112 Loan Paid in Full (1) 8.550% 360 4 1 2412858317 Loan Paid in Full 0 7.775% 360 8 1 2415041317 Loan Paid in Full 0 10.250% 180 5 1 2416950317 Loan Paid in Full 0 8.500% 360 4 1 2417708317 Loan Paid in Full 0 11.450% 180 3 1 ~~8087969179~~4476000426 Loan Paid in Full 0 108.~~300~~200% ~~180~~360 2 1 ~~9085764678~~9780520777 Loan Paid in Full 0 9.490% 360 5 1 9780521777 Loan Paid in Full 0 11.~~350~~300% 180 5 2 0509148922 Loan Paid in Full 0 8.500% 360 5 2 ~~0597880922~~0597934922 Loan Paid in Full 0 7.375% 360 7 2 0598435922 Loan Paid in Full (1) 7.990% 360 6 2 0598575922 Loan Paid in Full 0 6.990% 360 6 2 0598853922 Loan Paid in Full 0 7.400% 360 4 2 1592322913 Loan Paid in Full 0 9.~~250~~700% 360 4 2 2187027112 Loan Paid in Full 0 8.300% 360 4 2 2187251112 Loan Paid in Full 0 8.200% 360 2 2 2414998317 Loan Paid in Full (1) 9.550% 360 5 2 ~~1592553913~~2415040317 Loan Paid in Full 0 7.~~750~~950% 360 5 2 2416059317 Loan Paid in Full 0 8.450% 360 5 2 ~~1592583913~~2416279317 Loan Paid in Full 0 8.600% 360 4 2 2416758317 Loan Paid in Full 0 10.~~850~~500% 360 14 2 ~~2414776317~~2417011317 Loan Paid in Full 0 8.~~125~~450% 360 34 2 ~~2415397317~~2417281317 Loan Paid in Full 0(1) 7.~~550~~700% 360 4 2 2417284317 Loan Paid in Full 0 8.450% 360 3 2 ~~2415574317~~2417289317 Loan Paid in Full 0 8.~~525~~390% 360 3 2 ~~2415963317~~2417431317 Loan Paid in Full 0 79.~~990~~550% 360 3 2 ~~2416292317~~2417706317 Loan Paid in Full 0 9.~~250~~100% 360 3 2 ~~2418489317~~2418988317 Loan Paid in Full 0 9.~~550~~500% 360 1 2 2418999317 Loan Paid in Full 0 9.850% 360 1 2 ~~3089421772~~2419716317 Loan Paid in Full 0 109.~~000~~750% 360 1 2 ~~3782229562~~3087263772 Loan Paid in Full 0 67.~~850~~500% 360 9 2 3089028772 Loan Paid in Full 0 7.850% 360 4 2 ~~3783231562~~3089032772 Loan Paid in Full 0 8.750% 360 3 2 3089435772 Loan Paid in Full 0 9.~~490~~000% 360 52 2 ~~4458742426~~3485960222 Loan Paid in Full 0 8.~~700~~300% 360 1 2 ~~4470573426~~3782645562 Loan Paid in Full 0 117.~~000~~100% 360 8 2 4393153476 Loan Paid in Full (1) 8.250% 360 5 2 ~~8087556179~~4468750426 Loan Paid in Full 0 7.~~950~~900% 360 34 2 ~~8087747179~~4468986426 Loan Paid in Full 0 7.~~850~~750% 360 4 2 4470288426 Loan Paid in Full (1) 8.950% 360 5 2 ~~8087756179~~4472616426 Loan Paid in Full 0 811.~~500~~450% 360 2 2 4472750426 Loan Paid in Full (1) 9.350% 360 3 2 ~~8087760179~~4475506426 Loan Paid in Full 0(1) 79.700% 360 31 2 ~~8087968179~~8087851179 Loan Paid in Full (1) 8.200% 360 4 2 8088122179 Loan Paid in Full 0 68.950% 360 3 2 8088139179 Loan Paid in Full (1) 9.600% 360 3 2 ~~8682663444~~8088153179 Loan Paid in Full 0 7.~~850~~750% 360 3 2 ~~8683231444~~8682820444 Loan Paid in Full 0 810.~~650~~500% 360 4 2 9085209678 Loan Paid in Full 0 7.750% 360 5 2 ~~9096941278~~9085385678 Loan Paid in Full 0 6.650% 360 5 2 9097480278 Loan Paid in Full 0 7.800% 360 2

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 01.~~863~~083% Current Month 912.~~883~~251% Current Month 21,~~485~~840.~~772~~283% 3 Month Average 0.~~000~~900% 3 Month Average 010.~~000~~270% 3 Month Average 02,061.~~000~~670% 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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~9.883% N/A ~~Feb~~Apr-2006 ~~N/A~~2,485.772% N/A ~~Mar~~May-2006 ~~N/A~~8.677% N/A ~~Mar~~May-2006 ~~N/A~~1,858.954% N/A ~~Apr~~Jun-2006 912.~~883~~251% N/A ~~Apr~~Jun-2006 21,~~485~~840.~~772~~283% 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. 1 SMM CPR PSA Current Month 01.~~332~~513% Current Month 316.~~917~~722% Current Month ~~999~~2,620.~~829~~117% 3 Month Average 0.~~000~~962% 3 Month Average 010.~~000~~812% 3 Month Average 02,097.~~000~~322% 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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~3.917% N/A ~~Feb~~Apr-2006 ~~N/A~~999.829% N/A ~~Mar~~May-2006 ~~N/A~~11.798% N/A ~~Mar~~May-2006 ~~N/A~~2,672.020% N/A ~~Apr~~Jun-2006 316.~~917~~722% N/A ~~Apr~~Jun-2006 ~~999~~2,620.~~829~~117% 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. 2 SMM CPR PSA Current Month 01.~~903~~049% Current Month 1011.~~319~~886% Current Month 21,~~592~~779.~~568~~491% 3 Month Average 0.~~000~~894% 3 Month Average 010.~~000~~209% 3 Month Average 02,056.~~000~~274% 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~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Aug~~Oct-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Sep~~Nov-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Oct~~Dec-2005 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Nov~~Jan-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Dec~~Feb-~~2005~~2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Jan~~Mar-2006 N/A N/A ~~Feb~~Apr-2006 ~~N/A~~10.319% N/A ~~Feb~~Apr-2006 ~~N/A~~2,592.568% N/A ~~Mar~~May-2006 ~~N/A~~8.423% N/A ~~Mar~~May-2006 ~~N/A~~1,796.764% N/A ~~Apr~~Jun-2006 1011.~~319~~886% N/A ~~Apr~~Jun-2006 21,~~592~~779.~~568~~491% 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 1 Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 6.000 0 0.00 0.000 0 0.00 0.000 6.000 6.499 2627 89,~~441~~181,~~762~~890.4389 1.~~217~~010 0 0.00 0.000 6.500 6.999 ~~407~~438 ~~112~~120,~~983~~552,~~295~~836.4999 1613.~~285~~259 43 1,~~140~~030,~~810~~054.9904 21.~~332~~540 7.000 7.499 ~~554~~741 ~~127~~169,~~934~~653,~~425~~231.6891 18.~~440~~659 3755 69,~~117~~231,~~967~~538.7930 1213.~~504~~806 7.500 7.999 ~~963~~1,373 ~~207~~294,~~518~~238,~~917~~023.3758 2932.~~912~~361 83127 1117,~~926~~949,~~586~~150.9097 2426.~~375~~844 8.000 8.499 ~~413~~595 73105,~~822~~843,~~094~~829.2378 1011.641 4387 410,~~962~~296,~~217~~856.36 1015.~~142~~399 8.500 8.999 ~~442~~618 77109,~~981~~886,~~384~~575.4495 1112.~~240~~086 7096 710,~~409~~682,~~745~~489.1752 15.~~144~~976 9.000 9.499 ~~198~~237 2631,~~568~~616,~~189~~831.1453 3.~~830~~477 3340 2,~~282~~486,~~353~~270.4223 43.~~665~~718 9.500 9.999 ~~214~~254 2933,~~014~~890,~~934~~508.3971 43.~~182~~727 5560 4,~~394~~673,~~712~~294.2616 86.~~982~~989 10.000 10.499 ~~107~~122 1113,~~484~~138,~~643~~855.7891 1.~~655~~445 43 2,~~774~~771,~~693~~329.6984 54.~~671~~145 10.500 10.999 ~~127~~146 1214,~~595~~071,~~665~~178.2872 1.~~816~~548 7274 5,~~323~~330,~~248~~982.9178 107.~~879~~973 11.000 11.499 7084 57,~~429~~043,~~525~~081.5094 0.~~783~~775 4238 2,~~597~~413,~~428~~728.7236 53.~~308~~610 11.500 11.999 01 0115,079.0022 0.~~000~~013 0 0.00 0.000 >= 12.000 0 0.00 0.000 0 0.00 0.000 Total 34,~~521~~636 ~~693~~909,~~774~~231,~~837~~925.7313 100.000 ~~482~~623 4866,~~929~~865,~~765~~694.2156 100.000

Interest Rate Stratification (continued) 2 Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 6.000 0 0.00 0.000 6.000 6.499 2627 89,~~441~~181,~~762~~890.4389 1.~~309~~090 6.500 6.999 ~~403~~435 ~~111~~119,~~842~~522,~~484~~782.5095 1714.~~344~~189 7.000 7.499 ~~517~~686 ~~121~~160,~~816~~421,~~457~~693.8961 1819.~~891~~044 7.500 7.999 ~~880~~1,246 ~~195~~276,~~592~~288,~~330~~872.4761 3032.~~332~~799 8.000 8.499 ~~370~~508 6895,~~859~~546,~~876~~973.8742 1011.~~679~~343 8.500 8.999 ~~372~~522 7099,~~571~~204,~~639~~086.2743 1011.~~944~~777 9.000 9.499 ~~165~~197 2429,~~285~~130,~~835~~561.7230 3.~~766~~458 9.500 9.999 ~~159~~194 2429,~~620~~217,~~222~~214.1355 3.~~818~~468 10.000 10.499 6479 810,~~709~~367,~~950~~526.0907 1.~~351~~231 10.500 10.999 5572 78,~~272~~740,~~416~~195.3794 1.~~128~~038 11.000 11.499 2846 24,~~832~~629,~~096~~353.7858 0.~~439~~550 11.500 11.999 01 0115,079.0022 0.~~000~~014 >= 12.000 0 0.00 0.000 Total 34,~~039~~013 ~~644~~842,~~845~~366,~~072~~230.5257 100.000

Supplemental Reporting Determination Date With respect to each Payment Date, the 15th day of the month in which such Payment Date occurs, or, if such 15th day is not a Business Day, the next succeeding Business Day. LIBOR Determination Date The second LIBOR Business Day immediately preceding the commencement of each Accrual Period for any LIBOR Notes. Record Date With respect to each Payment Date and each Class of Notes (other than the Class M10 and Class M11 Notes), the Business Day prior to the related Payment Date, and with respect to the Class M10 and Class M11 Notes, and any Class of Definitive Notes, the last Business Day of the month immediately preceding the month in which the Payment Date occurs (or, in the case of the first Payment Date, the Closing Date). Payment Date The 25th day of each month, or if such 25th day is not a Business Day, the next succeeding Business Day, commencing in April 2006. The initial Payment Date is April 25, 2006. Closing Date March 23, 2006. Stepdown Date: The earlier of (a) the first Payment Date on which the aggregate Class Principal Amount of the Class A Notes (after giving effect to payment of the Principal Funds for such Payment Date) has been reduced to zero and (b) the later to occur of (1) the Payment Date in April 2009 or (2) the first Payment Date on which the aggregate Class Principal Amount of the Class A Notes (after giving effect to payments of the Principal Funds for such Payment Date) is less than or equal to 59.10% of the Aggregate Collateral Balance as of the end of the immediately preceding Due Period. Servicer Remittance Date The day in each calendar month on which the Servicer is required to remit payments to the Collection Account, which is the 21st day of each calendar month (or, if such day is not a Business Day, the next Business Day), commencing in April 2006.

Filing Compare · Fieldstone Mortgage Investment Trust, Series 2006-1