10-D 1 has06nc1_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: 333-124032-08 HSI Asset Securitization Corporation Trust 2006-NC1 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-124032 HSI Asset Securitization Corporation (Exact name of depositor as specified in its charter) HSBC Bank USA, National Association (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2195499 54-2195570 54-2195571 (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)) I-A _____ _____ __X___ ____________ II-A _____ _____ __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___ ____________ P _____ _____ __X___ ____________ X _____ _____ __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 June 26, 2006 a distribution was made to holders of HSI Asset Securitization Corporation Trust 2006-NC1. 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 HSI Asset Securitization Corporation Trust 2006-NC1, 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. HSI Asset Securitization Corporation Trust 2006-NC1 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Beth Belfield Beth Belfield, Officer Date: July 10, 2006 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of HSI Asset Securitization Corporation Trust 2006-NC1, relating to the June 26, 2006 distribution. EX-99.1 HSI Asset Securitization Corporation Mortgage Pass-Through Certificates Distribution Date: 6/26/2006 HSI Asset Securitization Corporation Mortgage Pass-Through Certificates Series 2006-NC1 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 I-A 40430HEQ7 5.~~16938~~29125% ~~114~~110,~~279~~594,~~555~~468.4269 ~~492~~520,~~295~~162.3765 II-A 40430HER5 5.~~17938~~30125% ~~138~~136,~~159~~026,~~951~~305.8875 ~~596~~640,~~319~~986.0818 M-1 40430HES3 5.~~35938~~48125% 11,504,000.00 5156,~~378~~050.5904 M-2 40430HET1 5.~~37938~~50125% 10,353,000.00 4650,~~410~~626.6017 M-3 40430HEU8 5.~~39938~~52125% 6,409,000.00 2831,~~837~~453.1995 M-4 40430HEV6 5.~~49938~~62125% 5,587,000.00 2527,~~604~~916.2038 M-5 40430HEW4 5.~~52938~~65125% 5,423,000.00 2427,~~988~~241.1954 M-6 40430HEX2 5.~~65938~~78125% 4,930,000.00 2325,~~250~~334.6272 M-7 40430HEY0 56.~~95938~~08125% 4,601,000.00 2224,~~849~~870.2696 M-8 40430HEZ7 56.~~95938~~08125% 3,779,000.00 1820,~~767~~427.0859 M-9 40430HFA1 56.~~95938~~08125% 2,958,000.00 1415,~~689~~989.8763 M-10 40430HFB9 56.~~95938~~08125% 2,300,000.00 1112,~~422~~432.1578 M-11 40430HFC7 56.~~95938~~08125% 3,286,000.00 1617,~~318~~762.7766 X 40430HFE3 0.00000% 2,136,479.15 ~~206~~188,~~259~~910.9746 R 40430HFF0 0.00000% 0.00 0.00 P 40430HFD5 0.00000% 100.00 75107,~~170~~575.1787 Totals ~~315~~309,~~706~~887,~~086~~353.4559 1,~~654~~767,~~561~~741.1158

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses I-A 34,~~685~~945,~~086~~467.7349 0.00 ~~110~~105,~~594~~649,~~468~~001.6920 45,~~177~~465,~~382~~630.1014 0.00 II-A 24,~~133~~298,~~646~~629.1322 0.00 ~~136~~131,~~026~~727,~~305~~676.7553 24,~~729~~939,~~965~~615.2140 0.00 M-1 0.00 0.00 11,504,000.00 5156,~~378~~050.5904 0.00 M-2 0.00 0.00 10,353,000.00 4650,~~410~~626.6017 0.00 M-3 0.00 0.00 6,409,000.00 2831,~~837~~453.1995 0.00 M-4 0.00 0.00 5,587,000.00 2527,~~604~~916.2038 0.00 M-5 0.00 0.00 5,423,000.00 2427,~~988~~241.1954 0.00 M-6 0.00 0.00 4,930,000.00 2325,~~250~~334.6272 0.00 M-7 0.00 0.00 4,601,000.00 2224,~~849~~870.2696 0.00 M-8 0.00 0.00 3,779,000.00 1820,~~767~~427.0859 0.00 M-9 0.00 0.00 2,958,000.00 1415,~~689~~989.8763 0.00 M-10 0.00 0.00 2,300,000.00 1112,~~422~~432.1578 0.00 M-11 0.00 0.00 3,286,000.00 1617,~~318~~762.7766 0.00 X 0.00 0.00 2,136,479.15 ~~206~~188,~~259~~910.9746 0.00 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 100.00 75107,~~170~~575.1787 0.00 Totals 59,~~818~~244,~~732~~096.8671 0.00 ~~309~~300,~~887~~643,~~353~~256.5988 711,~~473~~011,~~293~~838.9729 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 I-A 119,285,000.00 ~~114~~110,~~279~~594,~~555~~468.4269 0.00 34,~~685~~945,~~086~~467.7349 0.00 0.00 II-A 146,131,000.00 ~~138~~136,~~159~~026,~~951~~305.8875 0.00 24,~~133~~298,~~646~~629.1322 0.00 0.00 M-1 11,504,000.00 11,504,000.00 0.00 0.00 0.00 0.00 M-2 10,353,000.00 10,353,000.00 0.00 0.00 0.00 0.00 M-3 6,409,000.00 6,409,000.00 0.00 0.00 0.00 0.00 M-4 5,587,000.00 5,587,000.00 0.00 0.00 0.00 0.00 M-5 5,423,000.00 5,423,000.00 0.00 0.00 0.00 0.00 M-6 4,930,000.00 4,930,000.00 0.00 0.00 0.00 0.00 M-7 4,601,000.00 4,601,000.00 0.00 0.00 0.00 0.00 M-8 3,779,000.00 3,779,000.00 0.00 0.00 0.00 0.00 M-9 2,958,000.00 2,958,000.00 0.00 0.00 0.00 0.00 M-10 2,300,000.00 2,300,000.00 0.00 0.00 0.00 0.00 M-11 3,286,000.00 3,286,000.00 0.00 0.00 0.00 0.00 X 2,143,000.35 2,136,479.15 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 328,689,100.35 ~~315~~309,~~706~~887,~~086~~353.4559 0.00 59,~~818~~244,~~732~~096.8671 0.00 0.00

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution I-A 34,~~685~~945,~~086~~467.7349 ~~110~~105,~~594~~649,~~468~~001.6920 0.~~92714481~~88568555 34,~~685~~945,~~086~~467.7349 II-A 24,~~133~~298,~~646~~629.1322 ~~136~~131,~~026~~727,~~305~~676.7553 0.~~93085181~~90143554 24,~~133~~298,~~646~~629.1322 M-1 0.00 11,504,000.00 1.00000000 0.00 M-2 0.00 10,353,000.00 1.00000000 0.00 M-3 0.00 6,409,000.00 1.00000000 0.00 M-4 0.00 5,587,000.00 1.00000000 0.00 M-5 0.00 5,423,000.00 1.00000000 0.00 M-6 0.00 4,930,000.00 1.00000000 0.00 M-7 0.00 4,601,000.00 1.00000000 0.00 M-8 0.00 3,779,000.00 1.00000000 0.00 M-9 0.00 2,958,000.00 1.00000000 0.00 M-10 0.00 2,300,000.00 1.00000000 0.00 M-11 0.00 3,286,000.00 1.00000000 0.00 X 0.00 2,136,479.15 0.99695698 0.00 R 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 59,~~818~~244,~~732~~096.8671 ~~309~~300,~~887~~643,~~353~~256.5988 0.~~94279778~~91467364 59,~~818~~244,~~732~~096.8671

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution I-A 119,285,000.00 ~~958~~927.~~03793788~~14481024 0.00000000 3041.~~89312764~~45925716 0.00000000 II-A 146,131,000.00 ~~945~~930.~~45272310~~85180934 0.00000000 1429.~~60091377~~41627184 0.00000000 M-1 11,504,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,353,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 6,409,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 5,587,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 5,423,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 4,930,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 4,601,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 3,779,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 2,958,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 2,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 3,286,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 2,143,000.35 996.95697670 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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 I-A 0.00000000 3041.~~89312764~~45925716 ~~927~~885.~~14481024~~68555309 0.~~92714481~~88568555 3041.~~89312764~~45925716 II-A 0.00000000 1429.~~60091377~~41627184 ~~930~~901.~~85180934~~43553750 0.~~93085181~~90143554 1429.~~60091377~~41627184 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 X 0.00000000 0.00000000 996.95697670 0.99695698 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1000.00000000 1.00000000 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 I-A 0405/25/06 - 0506/2425/06 3032 5.~~16938~~29125% ~~114~~110,~~279~~594,~~555~~468.4269 ~~492~~520,~~295~~162.3765 0.00 II-A 0405/25/06 - 0506/2425/06 3032 5.~~17938~~30125% ~~138~~136,~~159~~026,~~951~~305.8875 ~~596~~640,~~319~~986.0818 0.00 M-1 0405/25/06 - 0506/2425/06 3032 5.~~35938~~48125% 11,504,000.00 5156,~~378~~050.5904 0.00 M-2 0405/25/06 - 0506/2425/06 3032 5.~~37938~~50125% 10,353,000.00 4650,~~410~~626.6017 0.00 M-3 0405/25/06 - 0506/2425/06 3032 5.~~39938~~52125% 6,409,000.00 2831,~~837~~453.1995 0.00 M-4 0405/25/06 - 0506/2425/06 3032 5.~~49938~~62125% 5,587,000.00 2527,~~604~~916.2038 0.00 M-5 0405/25/06 - 0506/2425/06 3032 5.~~52938~~65125% 5,423,000.00 2427,~~988~~241.1954 0.00 M-6 0405/25/06 - 0506/2425/06 3032 5.~~65938~~78125% 4,930,000.00 2325,~~250~~334.6272 0.00 M-7 0405/25/06 - 0506/2425/06 3032 56.~~95938~~08125% 4,601,000.00 2224,~~849~~870.2696 0.00 M-8 0405/25/06 - 0506/2425/06 3032 56.~~95938~~08125% 3,779,000.00 1820,~~767~~427.0859 0.00 M-9 0405/25/06 - 0506/2425/06 3032 56.~~95938~~08125% 2,958,000.00 1415,~~689~~989.8763 0.00 M-10 0405/25/06 - 0506/2425/06 3032 56.~~95938~~08125% 2,300,000.00 1112,~~422~~432.1578 0.00 M-11 0405/25/06 - 0506/2425/06 3032 56.~~95938~~08125% 3,286,000.00 1617,~~318~~762.7766 0.00 X N/A N/A 0.00000% ~~315~~309,~~706~~887,~~086~~353.4559 0.00 0.00 R N/A N/A 0.00000% 0.00 0.00 0.00 P N/A N/A 0.00000% 100.00 0.00 0.00 Totals 1,~~373~~471,~~130~~255.9725 0.00

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 I-A 0.00 0.00 ~~492~~520,~~295~~162.3765 0.00 ~~110~~105,~~594~~649,~~468~~001.6920 II-A 0.00 0.00 ~~596~~640,~~319~~986.0818 0.00 ~~136~~131,~~026~~727,~~305~~676.7553 M-1 0.00 0.00 5156,~~378~~050.5904 0.00 11,504,000.00 M-2 0.00 0.00 4650,~~410~~626.6017 0.00 10,353,000.00 M-3 0.00 0.00 2831,~~837~~453.1995 0.00 6,409,000.00 M-4 0.00 0.00 2527,~~604~~916.2038 0.00 5,587,000.00 M-5 0.00 0.00 2427,~~988~~241.1954 0.00 5,423,000.00 M-6 0.00 0.00 2325,~~250~~334.6272 0.00 4,930,000.00 M-7 0.00 0.00 2224,~~849~~870.2696 0.00 4,601,000.00 M-8 0.00 0.00 1820,~~767~~427.0859 0.00 3,779,000.00 M-9 0.00 0.00 1415,~~689~~989.8763 0.00 2,958,000.00 M-10 0.00 0.00 1112,~~422~~432.1578 0.00 2,300,000.00 M-11 0.00 0.00 1617,~~318~~762.7766 0.00 3,286,000.00 X 0.00 0.00 ~~206~~188,~~259~~910.9746 0.00 ~~309~~300,~~887~~643,~~353~~256.5988 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 75107,~~170~~575.1787 0.00 100.00 Totals 0.00 0.00 1,~~654~~767,~~561~~741.1158 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 I-A 119,285,000.00 5.~~16938~~29125% ~~958~~927.~~03793788~~14481024 4.~~12705177~~36067108 0.00000000 II-A 146,131,000.00 5.~~17938~~30125% ~~945~~930.~~45272310~~85180934 4.~~08071580~~38638058 0.00000000 M-1 11,504,000.00 5.~~35938~~48125% 1000.00000000 4.~~46615003~~87222184 0.00000000 M-2 10,353,000.00 5.~~37938~~50125% 1000.00000000 4.~~48281657~~89000000 0.00000000 M-3 6,409,000.00 5.~~39938~~52125% 1000.00000000 4.~~49948354~~90777812 0.00000000 M-4 5,587,000.00 5.~~49938~~62125% 1000.00000000 4.~~58281725~~99666726 0.00000000 M-5 5,423,000.00 5.~~52938~~65125% 1000.00000000 45.~~60781671~~02333395 0.00000000 M-6 4,930,000.00 5.~~65938~~78125% 1000.00000000 45.~~71615010~~13888844 0.00000000 M-7 4,601,000.00 56.~~95938~~08125% 1000.00000000 45.~~96615084~~40555531 0.00000000 M-8 3,779,000.00 56.~~95938~~08125% 1000.00000000 45.~~96614978~~40555438 0.00000000 M-9 2,958,000.00 56.~~95938~~08125% 1000.00000000 45.~~96614943~~40555443 0.00000000 M-10 2,300,000.00 56.~~95938~~08125% 1000.00000000 45.~~96615217~~40555652 0.00000000 M-11 3,286,000.00 56.~~95938~~08125% 1000.00000000 45.~~96615033~~40555691 0.00000000 X 2,143,000.35 0.00000% ~~147319~~144604.~~66163701~~43442765 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 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 I-A 0.00000000 0.00000000 4.~~12705177~~36067108 0.00000000 ~~927~~885.~~14481024~~68555309 II-A 0.00000000 0.00000000 4.~~08071580~~38638058 0.00000000 ~~930~~901.~~85180934~~43553750 M-1 0.00000000 0.00000000 4.~~46615003~~87222184 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.~~48281657~~89000000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.~~49948354~~90777812 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.~~58281725~~99666726 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 45.~~60781671~~02333395 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 45.~~71615010~~13888844 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 45.~~96615084~~40555531 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 45.~~96614978~~40555438 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 45.~~96614943~~40555443 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 45.~~96615217~~40555652 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 45.~~96615033~~40555691 0.00000000 1000.00000000 X 0.00000000 0.00000000 9688.~~24822040~~15232345 0.00000000 ~~144604~~140290.~~43442765~~81090911 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~751701~~1075758.70000000 0.00000000 1000.00000000 (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 710,~~480~~854,~~949~~191.0668 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 84104,~~631~~093.4389 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties 75107,~~170~~575.1787 Swap/Cap Payments 076,387.0078 Total Deposits 711,~~640~~142,~~750~~249.6622 Withdrawals Swap Payments ~~34,597~~0.0400 Reserve Funds and Credit Enhancements 0.00 Total Administration Fees ~~132~~130,~~859~~410.6593 Payment of Interest and Principal 711,~~473~~011,~~293~~838.9729 Total Withdrawals (Pool Distribution Amount) 711,~~640~~142,~~750~~249.6622 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest. NOTE: Please see Additional Reporting Page for information related to SWAP and CAP payments.

ADMINISTRATION FEES Gross Servicing Fee* ~~131~~129,~~544~~119.2073 Master Servicing Fee - Wells Fargo Bank, N.A. 1,~~315~~291.4520 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees ~~132~~130,~~859~~410.6593 *Servicer Payees include: CHASE HOME FINANCE LLC; JP MORGAN CHASE BANK, NA

Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Excess Reserve Fund Account 1,000.00 0.00 0.00 1,000.00 Supplemental Interest Trust Account 1,000.00 0.00 0.00 1,000.00 Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) Cap Account- Bear Stearns 0.00 0.00 0.00 Swap Account - Bear Stearns 1,~~220~~293,~~166~~818.8815 1,~~254~~217,~~763~~430.9237 ~~(34~~76,~~597~~387.~~04)~~78

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~640483~~638703% Weighted Average Net Coupon 6.~~140483~~138702% Weighted Average Pass-Through Rate 6.~~135483~~133701% Weighted Average Remaining Term ~~353~~352 Beginning Scheduled Collateral Loan Count 1,~~144~~125 Number Of Loans Paid In Full 1931 Ending Scheduled Collateral Loan Count 1,~~125~~094 Beginning Scheduled Collateral Balance ~~315~~309,~~706~~887,~~086~~353.4559 Ending Scheduled Collateral Balance ~~309~~300,~~887~~643,~~353~~256.5988 Ending Actual Collateral Balance at 3031-~~Apr~~May-2006 ~~309~~300,~~887~~643,~~353~~256.5988 Monthly P&I Constant 1,~~747~~714,~~033~~375.9620 Special Servicing Fee 0.00 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 75107,~~170~~575.1787 Prepayment Penalty Paid Count 1113 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 0.00 Unscheduled Principal 59,~~818~~244,~~732~~096.8671 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 2,136,479.15 Overcollateralized Amount 2,136,479.15 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 0.00

Group Level Collateral Statement Group Pool I Pool II Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~699862~~702283 6.~~591496~~586969 Weighted Average Net Rate 6.~~199863~~202283 6.~~091496~~086969 Pass-Through Rate 6.~~194862~~197283 6.~~086496~~081969 Weighted Average Remaining Term ~~353~~352 ~~353~~352 Record Date 0405/3031/2006 0405/3031/2006 Principal And Interest Constant ~~796~~776,~~800~~506.5227 ~~950~~937,~~233~~868.4493 Beginning Loan Count ~~619~~605 ~~525~~520 Loans Paid in Full 1418 513 Ending Loan Count ~~605~~587 ~~520~~507 Beginning Scheduled Balance ~~142~~139,~~713~~028,~~470~~383.3562 ~~172~~170,~~992~~858,~~616~~969.1097 Ending Scheduled Balance ~~139~~134,~~028~~082,~~383~~916.6213 ~~170~~166,~~858~~560,~~969~~340.9775 Scheduled Principal 0.00 0.00 Unscheduled Principal 34,~~685~~945,~~086~~467.7349 24,~~133~~298,~~646~~629.1322 Scheduled Interest ~~796~~776,~~800~~506.5227 ~~950~~937,~~233~~868.4493 Servicing Fees 5957,~~463~~928.9450 7271,~~080~~191.2623 Master Servicing Fees ~~594~~579.6429 ~~720~~711.8191 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 ~~736~~717,~~741~~998.9448 ~~877~~865,~~432~~965.3779 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 58,~~295~~126.1749 1649,~~875~~449.0038 Prepayment Penalty Paid Count 108 15 Special Servicing Fee 0.00 0.00

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 6.~~640483~~638703 Weighted Average Net Rate 6.~~140483~~138702 Pass-Through Rate 6.~~135483~~133701 Weighted Average Remaining Term ~~353~~352 Record Date 0405/3031/2006 Principal And Interest Constant 1,~~747~~714,~~033~~375.9620 Beginning Loan Count 1,~~144~~125 Loans Paid in Full 1931 Ending Loan Count 1,~~125~~094 Beginning Scheduled Balance ~~315~~309,~~706~~887,~~086~~353.4559 Ending Scheduled Balance ~~309~~300,~~887~~643,~~353~~256.5988 Scheduled Principal 0.00 Unscheduled Principal 59,~~818~~244,~~732~~096.8671 Scheduled Interest 1,~~747~~714,~~033~~375.9620 Servicing Fees ~~131~~129,~~544~~119.2073 Master Servicing Fees 1,~~315~~291.4520 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,~~614~~583,~~174~~964.3127 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 75107,~~170~~575.1787 Prepayment Penalty Paid Count 1113 Special Servicing Fee 0.00

Additional Reporting - Deal Level Informational Reporting Credit Enhancement % 2021.~~415960~~043705% Cumulative Loss % 0.000000% Structural Reporting Net Monthly Excess Cash Flow ~~206~~189,~~446~~097.6009 Extra Principal Payment Amount 0.00 Overcollateralization Amount 2,136,479.15 Overcollateralization Deficiency Amount 0.00 Overcollateralization Increase Amount 0.00 Overcollateralization Release Amount 0.00 Overcollateralization Target Amount 2,136,479.15 Trigger Event Reporting Cumulative Loss Test Calculated Value 0.000000% Trigger Result Pass Threshold Value ~~N/A~~99.000000% Delinquency Test Trigger Result Pass Threshold Value 78.~~952017~~196523% Calculated Value 0.~~086300~~319012% Trigger Event Trigger Result Pass

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 0183,920.00 0.00 0.00 0183,920.00 30 Days 6 0 0 0 6 1,~~857~~930,~~880~~816.0017 0.00 0.00 0.00 1,~~857~~930,~~880~~816.0017 60 Days 3 0 0 0 3 ~~802~~1,~~294~~272,678.2670 0.00 0.00 0.00 ~~802~~1,~~294~~272,678.2670 90 Days 0 0 03 0 03 0.00 0.00 0802,294.0026 0.00 0802,294.0026 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 9 01 03 0 913 23,~~660~~203,~~174~~494.2687 0183,920.00 0802,294.0026 0.00 24,~~660~~189,~~174~~709.2613 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~~091408% 0.000000% 0.000000% 0.~~000000~~091408% 0.~~000000~~061175% 0.000000% 0.000000% 0.~~000000~~061175% 30 Days 0.~~533333~~548446% 0.000000% 0.000000% 0.000000% 0.~~533333~~548446% 0.~~599534~~642228% 0.000000% 0.000000% 0.000000% 0.~~599534~~642228% 60 Days 0.~~266667~~274223% 0.000000% 0.000000% 0.000000% 0.~~266667~~274223% 0.~~258899~~423319% 0.000000% 0.000000% 0.000000% 0.~~258899~~423319% 90 Days 0.000000% 0.000000% 0.~~000000~~274223% 0.000000% 0.~~000000~~274223% 0.000000% 0.000000% 0.~~000000~~266859% 0.000000% 0.~~000000~~266859% 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.~~800000~~822669% 0.~~000000~~091408% 0.~~000000~~274223% 0.000000% 01.~~800000~~188300% 01.~~858433~~065547% 0.~~000000~~061175% 0.~~000000~~266859% 0.000000% 01.~~858433~~393582%

Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 84104,~~631~~093.4389

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool I 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 32 0 0 0 32 ~~505~~443,~~600~~999.0098 0.00 0.00 0.00 ~~505~~443,~~600~~999.0098 60 Days 01 0 0 0 01 0178,400.00 0.00 0.00 0.00 0178,400.00 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 3 0 0 0 3 ~~505~~622,~~600~~399.0098 0.00 0.00 0.00 ~~505~~622,~~600~~399.0098 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~495868~~340716% 0.000000% 0.000000% 0.000000% 0.~~495868~~340716% 0.~~363667~~331138% 0.000000% 0.000000% 0.000000% 0.~~363667~~331138% 60 Days 0.~~000000~~170358% 0.000000% 0.000000% 0.000000% 0.~~000000~~170358% 0.~~000000~~133052% 0.000000% 0.000000% 0.000000% 0.~~000000~~133052% 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.~~495868~~511073% 0.000000% 0.000000% 0.000000% 0.~~495868~~511073% 0.~~363667~~464190% 0.000000% 0.000000% 0.000000% 0.~~363667~~464190% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool II 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 0183,920.00 0.00 0.00 0183,920.00 30 Days 34 0 0 0 34 1,~~352~~486,~~280~~816.0019 0.00 0.00 0.00 1,~~352~~486,~~280~~816.0019 60 Days 32 0 0 0 32 ~~802~~1,~~294~~094,278.2670 0.00 0.00 0.00 ~~802~~1,~~294~~094,278.2670 90 Days 0 0 03 0 03 0.00 0.00 0802,294.0026 0.00 0802,294.0026 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 6 01 03 0 610 2,~~154~~581,~~574~~094.2689 0183,920.00 0802,294.0026 0.00 23,~~154~~567,~~574~~309.2615 0-29 Days 0.~~000000~~197239% 0.000000% 0.000000% 0.~~000000~~197239% 0.~~000000~~110422% 0.000000% 0.000000% 0.~~000000~~110422% 30 Days 0.~~576923~~788955% 0.000000% 0.000000% 0.000000% 0.~~576923~~788955% 0.~~791460~~892659% 0.000000% 0.000000% 0.000000% 0.~~791460~~892659% 60 Days 0.~~576923~~394477% 0.000000% 0.000000% 0.000000% 0.~~576923~~394477% 0.~~469565~~656986% 0.000000% 0.000000% 0.000000% 0.~~469565~~656986% 90 Days 0.000000% 0.000000% 0.~~000000~~591716% 0.000000% 0.~~000000~~591716% 0.000000% 0.000000% 0.~~000000~~481684% 0.000000% 0.~~000000~~481684% 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 1.~~153846~~183432% 0.~~000000~~197239% 0.~~000000~~591716% 0.000000% 1.~~153846~~972387% 1.~~261025~~549646% 0.~~000000~~110422% 0.~~000000~~481684% 0.000000% 12.~~261025~~141752%

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 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~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. Pool I 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~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. Pool II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~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 03 ~~Jun~~Jul-05 0.000% Original Principal Balance 0802,300.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0802,294.0026 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 03 ~~Nov~~Dec-05 0.000% Original Principal Balance 0802,300.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0802,294.0026 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.~~000~~267% *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. Pool I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~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. Pool II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 01 ~~Jun~~Jul-05 0.000% Original Principal Balance 0263,500.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0263,494.0027 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 01 ~~Nov~~Dec-05 0.000% Original Principal Balance 0263,500.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0263,494.0027 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.~~000~~482% *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 NoPool ~~Foreclosure~~II ~~Loans~~0002207696 ~~this~~Jun-2006 ~~Period~~01-Oct-2005 CO 85.00 263,500.00 Pool II 1002293333 Jun-2006 01-Aug-2005 NV 80.00 294,800.00 Pool II 1003489843 Jun-2006 01-Oct-2005 NV 80.00 244,000.00

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 NoPool ~~Foreclosure~~II ~~Loans~~0002207696 ~~this~~263,494.27 ~~Period~~01-Jan-2006 3 6.500% 5,269.88 Pool II 1002293333 294,800.00 01-Jan-2006 3 7.625% 7,001.52 Pool II 1003489843 243,999.99 01-Jan-2006 3 6.850% 5,164.64

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Summary 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 01 ~~Jun~~Jul-05 0.000% Original Principal Balance 0183,920.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0183,920.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 01 ~~Nov~~Dec-05 0.000% Original Principal Balance 0183,920.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0183,920.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.~~000~~061% *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. Pool I 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~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. Pool II 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 01 ~~Jun~~Jul-05 0.000% Original Principal Balance 0183,920.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0183,920.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 01 ~~Nov~~Dec-05 0.000% Original Principal Balance 0183,920.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 0183,920.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 0.~~000~~110% *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 NoPool ~~Bankruptcy~~II ~~Loans~~1003498806 ~~this~~Jun-2006 ~~Period~~01-Oct-2005 OR 80.00 183,920.00

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 NoPool ~~Bankruptcy~~II ~~Loans~~1003498806 ~~this~~183,920.00 ~~Period~~01-Apr-2006 0 6.600% 1,869.86

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. ~~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 0.000% N/A Mar-2006 0.000% 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 Jun-2006 0.000% N/A 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. ~~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 0.000% N/A Mar-2006 0.000% 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 Jun-2006 0.000% N/A 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 Total 1931 59,~~794~~251,~~708~~194.00 59,~~793~~250,~~703~~971.5083 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 Total 0 0.00 0.00 0 0.00 0.00 25(6,~~029~~875.3612)

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Pool I ~~0002219869~~0002209449 VA 95.00 01-Oct-2005 248,900.00 248,900.00 Pool I 0002210644 WI 88.09 01-Oct-2005 166,500.00 166,500.00 Pool I 1002353394 CA 6095.7300 01-~~Nov~~Aug-2005 ~~331~~235,600.00 235,600.00 Pool I 1003072123 AZ 69.09 01-Oct-2005 190,000.00 ~~331~~190,000.00 Pool I ~~1002449443~~1003105909 CTCA 9064.0051 01-~~Sep~~Oct-2005 ~~405~~400,000.00 ~~404~~400,~~929~~000.9400 Pool I ~~1003117736~~1003118986 ORNY 9080.00 01-Oct-2005 ~~166~~284,~~500~~000.00 ~~166~~284,~~499~~000.6800 Pool I ~~1003273941~~1003166629 CANJ 95.00 01-Oct-2005 ~~285~~365,~~000~~750.00 ~~285~~365,~~000~~750.00 Pool I ~~1003277992~~1003228046 CA 8085.00 01-Oct-2005 ~~122~~295,~~400~~800.00 ~~122~~295,~~366~~800.6700 Pool I ~~1003297266~~1003266487 NJ 95.00 01-Oct-2005 289,750.00 289,610.01 Pool I 1003294385 CA 6583.5190 01-Oct-2005 ~~380~~292,000.00 ~~380~~291,996.43 Pool I 1003300564 NJ 63.21 01-Oct-2005 275,000.00 275,000.00 Pool I ~~1003346613~~1003322586 CA 7458.1926 01-Oct-2005 ~~241~~335,~~116~~000.00 ~~241~~335,~~115~~000.9800 Pool I ~~1003361436~~1003345945 CAOR 8593.0093 01-Oct-2005 ~~331~~155,~~500~~000.00 ~~330~~154,~~642~~999.7398 Pool I ~~1003465583~~1003350117 IDMD 8078.0004 01-~~Oct~~Nov-2005 ~~130~~256,~~800~~000.00 ~~130~~255,~~783~~995.4144 Pool I ~~1003502677~~1003417181 CA 7175.4258 01-Oct-2005 ~~250~~291,000.00 ~~249~~291,~~995~~000.2700 Pool I ~~1003533796~~1003435731 MNWA 89.91 01-Oct-2005 247,263.00 247,196.55 Pool I 1003448246 NY 80.00 01-~~Oct~~Nov-2005 ~~182~~360,~~400~~000.00 ~~182~~360,~~400~~000.00 Pool I ~~1003536953~~1003539157 NJ 7595.00 01-Oct-2005 ~~375~~266,000.00 ~~375~~265,999.99 Pool II 0002210439 CA 78.78 01-Oct-2005 520,000.00 520,000.00 Pool III ~~1003559410~~0002220046 MDCA 75.96 01-Oct-2005 433,000.00 433,000.02 Pool II 1002687060 GA 80.00 01-~~Oct~~Sep-2005 ~~272~~280,000.00 ~~272~~280,000.00 Pool III ~~1003610328~~1002867598 CA 6063.9345 01-~~Nov~~Oct-2005 ~~195~~533,000.00 ~~194~~533,~~998~~000.1700 Pool II ~~1002918551~~1002915475 CAAZ 80.00 01-Nov-2005 334,416.00 334,415.98 Pool II 1003100520 NJ 90.00 01-Oct-2005 ~~675~~349,~~000~~200.00 ~~674~~349,~~999~~200.9900 Pool II ~~1003137867~~1003164925 MANY 80.00 01-Oct-2005 ~~228~~331,~~000~~915.00 ~~227~~331,~~979~~914.7098 Pool II ~~1003322719~~1003257040 MACA 80.00 01-Oct-2005 ~~184~~304,000.00 ~~184~~304,000.00 Pool II ~~1003454906~~1003358958 CA 80.00 01-~~Oct~~Nov-2005 ~~640~~372,000.00 ~~639~~372,~~999~~000.9800 Pool II ~~1003466537~~1003371167 SC 90.00 01-Oct-2005 177,300.00 177,292.49 Pool II 1003401802 CA 90.00 01-Oct-2005 355,500.00 355,500.00 Pool II 1003437855 AZ 80.00 01-Oct-2005 ~~399~~140,~~992~~800.00 ~~399~~140,~~991~~799.98 Pool II 1003519115 MA 90.00 01-Oct-2005 166,500.00 166,499.98

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Pool I ~~0002219869~~0002209449 Loan Paid in Full 0 56.~~500~~350% 360 68 Pool I ~~1002449443~~0002210644 Loan Paid in Full 0(1) 7.~~700~~050% 360 8 Pool I ~~1003117736~~1002353394 Loan Paid in Full 0 67.~~750~~100% 360 710 Pool I ~~1003273941~~1003072123 Loan Paid in Full 10 65.990% 360 78 Pool I ~~1003277992~~1003105909 Loan Paid in Full (1) 5.825% 360 8 Pool I 1003118986 Loan Paid in Full 0 65.~~500~~875% 360 8 Pool I 1003166629 Loan Paid in Full 0 7.990% 360 8 Pool I ~~1003297266~~1003228046 Loan Paid in Full 0 6.~~250~~400% 360 8 Pool I 1003266487 Loan Paid in Full (1) 7.900% 360 8 Pool I ~~1003346613~~1003294385 Loan Paid in Full 0 57.~~400~~650% 360 8 Pool I 1003300564 Loan Paid in Full 0 7.900% 360 8 Pool I ~~1003361436~~1003322586 Loan Paid in Full (1) 6.600% 360 8 Pool I 1003345945 Loan Paid in Full 0 58.~~500~~950% 360 78 Pool I ~~1003465583~~1003350117 Loan Paid in Full 0 7.~~200~~650% 360 7 Pool I ~~1003502677~~1003417181 Loan Paid in Full 0 5.500% 360 78 Pool I ~~1003533796~~1003435731 Loan Paid in Full 0(1) 6.450% 360 8 Pool I 1003448246 Loan Paid in Full 0 6.~~700~~050% 360 7 Pool I ~~1003536953~~1003539157 Loan Paid in Full 0 7.250% 360 8 Pool II 0002210439 Loan Paid in Full (1) 6.~~975~~000% 360 8 Pool II 0002220046 Loan Paid in Full 0 5.850% 360 8 Pool II 1002687060 Loan Paid in Full 0 7.625% 360 9 Pool III ~~1003559410~~1002867598 Loan Paid in Full 0 5.250% 360 8 Pool II 1002915475 Loan Paid in Full (1) 7.~~125~~050% 360 7 Pool III ~~1003610328~~1003100520 Loan Paid in Full (1) 7.~~325~~275% 360 8 Pool II 1003164925 Loan Paid in Full 0 7.050% 360 8 Pool II 1003257040 Loan Paid in Full 0 6.725% 360 8 Pool II ~~1002918551~~1003358958 Loan Paid in Full (1) 6.~~250~~725% 360 7 Pool II ~~1003137867~~1003371167 Loan Paid in Full 0 76.~~325~~875% 360 78 Pool II ~~1003322719~~1003401802 Loan Paid in Full 0 76.~~700~~990% 360 78 Pool II ~~1003454906~~1003437855 Loan Paid in Full 0 7.300% 360 78 Pool II ~~1003466537~~1003519115 Loan Paid in Full 0(1) 78.~~050~~375% 360 78

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 12.~~843~~983% Current Month 2030.~~007~~470% Current Month 1,~~447~~925.~~470~~989% 3 Month Average 12.~~944~~319% 3 Month Average 2024.~~981~~414% 3 Month Average 1,~~807~~766.~~581~~187% 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. ~~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 20.173% N/A Mar-2006 2,050.169% N/A Apr-2006 22.764% N/A Apr-2006 1,925.103% N/A May-2006 20.007% N/A May-2006 1,447.470% N/A Jun-2006 30.470% N/A Jun-2006 1,925.989% 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 Pool I Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 5.000 0 0.00 0.000 0 0.00 0.000 5.000 5.249 0 0.00 0.000 0 0.00 0.000 5.250 5.499 3332 1110,~~482~~946,~~610~~977.8914 3.~~705~~641 20 5,320,~~642~~568.1052 3.~~827~~968 5.500 5.749 5655 21,~~472~~183,~~921~~945.0370 67.~~929~~046 2322 76,~~126~~835,~~306~~056.7818 5.~~126~~098 5.750 5.999 ~~135~~131 4139,~~304~~995,~~227~~049.2942 13.~~329~~303 7067 1817,~~097~~221,~~195~~603.2319 1312.~~017~~844 6.000 6.249 8886 2524,~~693~~812,~~162~~370.5506 8.~~291~~253 4645 10,~~724~~363,~~073~~716.9454 7.~~714~~729 6.250 6.499 ~~145~~142 4241,~~249~~456,~~068~~937.9262 13.~~634~~789 7471 1817,~~158~~366,~~837~~757.2761 1312.~~061~~952 6.500 6.749 ~~125~~122 3130,~~655~~658,~~963~~637.1943 10.~~215~~198 7574 15,~~444~~121,~~239~~991.4439 11.~~109~~278 6.750 6.999 ~~175~~173 4847,~~167~~633,~~982~~287.7607 15.~~544~~844 94 21,~~290~~288,~~528~~783.8408 15.~~314~~877 7.000 7.249 7470 1917,~~010~~940,~~072~~708.6576 65.~~135~~967 3634 7,~~453~~050,~~236~~203.7380 5.~~361~~258 7.250 7.499 9592 2322,~~073~~316,~~058~~518.7570 7.~~446~~423 5150 10,~~934~~668,~~741~~543.4559 7.~~865~~957 7.500 7.749 7471 1817,~~820~~991,~~073~~944.8545 65.~~073~~984 4038 98,~~226~~678,~~663~~534.4606 6.~~637~~473 7.750 7.999 5855 1211,~~702~~773,~~639~~319.5372 43.~~099~~916 3633 76,~~346~~417,~~486~~166.3281 54.~~284~~786 8.000 8.249 23 5,~~246~~245,~~233~~755.8417 1.~~693~~745 13 2,~~572~~571,~~104~~664.0762 1.~~850~~918 8.250 8.499 1817 3,~~460~~294,~~880~~379.2126 1.~~117~~096 13 2,251,~~248~~247.2629 1.~~619~~679 8.500 8.749 17 3,637,~~687~~656.8609 1.~~174~~210 9 1,958,256.3606 1.~~409~~460 8.750 8.999 54 1891,~~046,~~044.9092 0.~~338~~296 21 ~~469~~314,~~992~~993.9800 0.~~338~~235 9.000 9.249 2 492,500.00 0.~~159~~164 2 492,500.00 0.~~354~~367 9.250 9.499 0 0.00 0.000 0 0.00 0.000 9.500 9.749 1 210,894.98 0.~~068~~070 0 0.00 0.000 9.750 9.999 1 161,330.39 0.~~052~~054 1 161,330.39 0.~~116~~120 >= 10.000 0 0.00 0.000 0 0.00 0.000 Total 1,~~125~~094 ~~309~~300,~~887~~643,~~353~~256.5988 100.000 ~~605~~587 ~~139~~134,~~028~~082,~~383~~916.6213 100.000

Interest Rate Stratification (continued) Pool II Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 5.000 0 0.00 0.000 5.000 5.249 0 0.00 0.000 5.250 5.499 1312 65,~~161~~626,~~968~~408.7962 3.~~606~~378 5.500 5.749 33 14,~~346~~348,~~614~~889.2552 8.~~397~~615 5.750 5.999 6564 2322,~~207~~773,~~032~~446.0623 13.~~583~~673 6.000 6.249 4241 14,~~969~~448,~~088~~653.6152 8.~~761~~675 6.250 6.499 71 24,090,~~231~~180.6501 14.~~099~~463 6.500 6.749 5048 1615,~~211~~536,~~723~~646.7504 9.~~488~~328 6.750 6.999 8179 26,~~877~~344,~~453~~503.9299 15.~~731~~817 7.000 7.249 3836 1110,~~556~~890,~~835~~504.9296 6.~~764~~538 7.250 7.499 4442 1211,~~138~~647,~~317~~975.3011 76.~~104~~993 7.500 7.749 3433 9,~~593~~313,410.39 5.~~615~~592 7.750 7.999 22 5,356,~~153~~152.2191 3.~~135~~216 8.000 8.249 10 2,674,~~129~~090.7755 1.~~565~~605 8.250 8.499 54 1,~~209~~043,~~631~~131.9597 0.~~708~~626 8.500 8.749 8 1,679,~~431~~400.5003 01.~~983~~008 8.750 8.999 3 576,051.92 0.~~337~~346 9.000 9.249 0 0.00 0.000 9.250 9.499 0 0.00 0.000 9.500 9.749 1 210,894.98 0.~~123~~127 9.750 9.999 0 0.00 0.000 >= 10.000 0 0.00 0.000 Total ~~520~~507 ~~170~~166,~~858~~560,~~969~~340.9775 100.000

Filing Compare · HSI Asset Securitization CORP Trust 2006-NC1