10-D/A 1 sac06bc3_10da-200612.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-D/A Amendment No. 1 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: November 02, 2006 to December 01, 2006 Commission File Number of issuing entity: 333-133985-21 Structured Asset Securities Corporation Mortgage Loan Trust 2006-BC3 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-133985 Structured Asset Securities Corporation (Exact name of depositor as specified in its charter) Lehman Brothers Holdings Inc. (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) Not Applicable (I.R.S. Employer Identification No.) 745 Seventh Avenue, 7th Floor New York, NY 10019 (Address of principal executive offices of the issuing entity) (Zip Code) (212) 526-7000 (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)) A1 _____ _____ __X___ ____________ A2 _____ _____ __X___ ____________ A3 _____ _____ __X___ ____________ A4 _____ _____ __X___ ____________ M1 _____ _____ __X___ ____________ M2 _____ _____ __X___ ____________ M3 _____ _____ __X___ ____________ M4 _____ _____ __X___ ____________ M5 _____ _____ __X___ ____________ M6 _____ _____ __X___ ____________ M7 _____ _____ __X___ ____________ M8 _____ _____ __X___ ____________ M9 _____ _____ __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 February 19, 2007, a revision was made to the December 26, 2006 distribution which was made to holders of Structured Asset Securities Corporation Mortgage Loan Trust 2006-BC3. The report was revised because after a loan transfer was completed in December, the servicing fee was inaccurate. Lehman noticed in January that the fees on this deal were too high. The fee amounts have been corrected, the overpayment retrieved and the extra money will be passed through the X class. The revised distribution report is attached as an Exhibit to this Form 10-D/A. 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/A: (99.1) Amended monthly report distributed to holders of Structured Asset Securities Corporation Mortgage Loan Trust 2006-BC3, relating to the December 26, 2006 distribution. (99.2) Clayton Credit Risk Manager Report (b) The exhibits required to be filed by the Registrant pursuant to this Form 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. Structured Asset Securities Corporation Mortgage Loan Trust 2006-BC3 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Kelly Rentz Kelly Rentz, Officer Date: March 06, 2007 EXHIBIT INDEX Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Structured Asset Securities Corporation Mortgage Loan Trust 2006-BC3, relating to the December 26, 2006 distribution. EX-99.2 Clayton Credit Risk Manager Report EX-99.1 Structured Asset Securities Corporation Mortgage Pass-Through Certificates Distribution Date: 12/26/2006 Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2006-BC3 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

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Prepayment Rates

EX-99.2 (logo) CLAYTON SASCO 2006-BC3 Credit Risk Management Report November 2006 (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc (page) The information contained in this Report is based upon a specific point in time and reflects performance solely through that point in time. It does not forecast the performance of the portfolio in the future. The information in this Report is not investment advice concerning a particular portfolio or security, and no mention of a particular security in this Report constitutes a recommendation to buy, sell, or hold that or any other security. The Report is based upon information provided to Clayton Fixed Income Services Inc. by third parties and therefore Clayton Fixed Income Services Inc. cannot, and does not, warrant that the information contained in this Report is accurate or complete. This Report is furnished on a confidential basis to the recipient listed herein. By acceptance of this Report, the recipient agrees that it will not: I. Transmit this Report to anyone other than a person or entity having a fiduciary relationship with, or beneficial interest in, this portfolio; II. Reproduce any or all of this Report; or III. Contact any servicer or originator regarding any information in this Report. (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) Table of Contents Section One Executive Summary Section Two Loan-Level Report Section Three Prepayment Penalty Analysis Section Four Mortgage Insurance Report Section Five Loss Analysis Section Six Analytics (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc (page) Section One Executive Summary (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc (page) CLAYTON SASCO 2006-BC3 Executive Summary November 2006 Transaction Summary Closing Date: 10/30/2006 Depositor: Structured Asset Securities Corporation Trustee(s): US Bank NA Securities Administrator: Wells Fargo Bank, N.A. Servicer(s): Aurora Loan Services, Chase Home Finance, Countrywide, HomEq, Option One Mortgage, Wells Fargo Delinquency Reporting Method: OTS Collateral Summary Closing Date As of 11/25/2006 11/25/2006 Balance as Percentage of Closing Date Balance Collateral Balance $1,322,439,988 $1,297,205,294 98.09 % Loan Count 6,910 6,882 99.59 % o OTS Method: A current loan becomes 30 days delinquent if the scheduled payment is not made by the close of business on the corresponding day of the following month. Similarly for 60 days delinquent and the second immediately succeeding month and 90 days delinquent and the third immediately succeeding month. (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) Value Added Total Value Added for SASCO 2006-BC3 as of 11/25/2006 Issues Amount Recovered 0 $0 Collateral Statistics Loan Count Summed Balance First Payment Defaults 3 $567,750 Early Payment Defaults* 67 $17,551,961 * Second Lien Statistics Loan Count Summed Balance Total Outstanding Second Lien Loans 914 $52,736,498 30+ Days Delinquent 11 $708,039 60+ Days Delinquent 1 $38,763 * A default that occurs on the second or third scheduled payment. Prepayments Remittance Date Beginning Collateral Total Prepayments Percentage of Balance Prepayment 11/25/2006 $1,320,154,968 $22,453,230 1.70 Prepayment Penalty Analysis For each remittance, Clayton reconciles the prepayment penalties that are collected by the servicers and remitted to the trust to ensure all appropriate funds are passed to the certificateholders. Please refer to the Prepayment Penalty Analysis section of this report for details regarding loans with prepayment penalty flags that were paid in full. The table below provides a summary of Clayton's reconciliation for this remittance. Total Cash Flows Remittance Date Amount Remitted to theAmount Remitted by the Difference Trust Servicers 11/25/2006 $209,074 $209,074 $0 Mortgage Insurance Clayton actively monitors mortgage insurance (MI) coverage for this deal. Each month, loans with MI are reviewed to ensure that the servicer has followed the appropriate claim filing process, that appropriate claims are paid, and that appropriate proceeds are remitted to the trust. The Mortgage Insurance Watchlist consists of all claims pending for 60+ days. Clayton monitors these claims to ensure that the servicer and MI company are proceeding to resolve the pending claims. Clayton also reviews each coverage rescission to ensure the findings were warranted and disputes them if discrepancies are found. Please refer to the Mortgage Insurance Report section for information regarding MI coverage for this deal. (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) Loss Analysis Loss Issues for Current Month For each remittance, Clayton analyzes each loan-level loss to ensure that the accurate amount of sale, MI, and hazard insurance proceeds are remitted to the trust. We also review these losses to ensure servicing advances, such as escrow advances and foreclosure fees, are reasonable. If any discrepancies are identified, Clayton actively pursues the servicer to mitigate the loss. Please refer to the Loss Analysis section of this report for details regarding losses to the security. Below is a summary of the losses passed through in this remittance. Loss Summary Remittance Losses Remitted to the Trust Number of Loan-Level Losses/Gains 11/25/2006 $7,256 1 (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) Section Two Loan-Level Report (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc (page) Loan-Level Report Definitions FICO(R) : Represents the borrower's credit score at the time of securitization/origination. Last Paid Date: Either the interest paid-through date or the last contractually due payment made by the borrower. Clayton Fixed Income Services Inc. uses this date to calculate delinquencies. Valuation: Represents what is believed to be the most accurate known value of a property based on Clayton Fixed Income Services Inc.'s internal formulas. Several value appraisals may exist for a property, yet only what is believed to be the most accurate value according to these formulas is shown on the report. When no value is available, a valuation known as an "internal estimate" is calculated according to an internal formula that adjusts the original value of the property by the Housing Price Index (HPI) and a discount based on credit class. Liquidation Date: Clayton Fixed Income Services Inc.'s internal estimate of the date on which the loan will liquidate if it proceeds through foreclosure and REO. This date takes into consideration servicing and state foreclosure timelines, as well as an estimated REO marketing period. Estimated Loss/(Gain): Clayton Fixed Income Services Inc.'s internal estimate of the loss (or gain) that the loan will experience if it liquidates on the Liquidation Date. Delinquency Status: Indicates the monthly payment and delinquency history for an individual loan. The right-most character specifies the last known delinquency status, according to the following: C The contractually due payment arrived on time. 3 The contractually due payment has not arrived within thirty days. 6 The contractually due payment has not arrived within sixty days. 9 The contractually due payment has not arrived within ninety days. F The property is in the process of foreclosure. R The property is real estate owned (REO). 0 The mortgage has either liquidated or been paid off. OTS Delinquency Method: A current loan becomes 30 days delinquent if the scheduled payment is not made by the close of business on the corresponding day of the following month. MBA Delinquency Method: A current loan becomes 30 days delinquent if the scheduled payment is not made by the close of business on the last day of the month in which the payment was due. (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services (page) SASCO 2006-BC3 Loan-Level Report Mortgage Data Through: October 31, 2006 Watchlist

*The estimated loss includes estimated mortgage insurance proceeds where applicable and in addition if the loan has been liquidated this reflects the actual loss that has been passed to the trust. (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) Section Three Prepayment Penalty Analysis (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc (page) SASCO 2006-BC3 Prepayment Penalty Analysis Trustee Remittance Date: November 25, 2006

SASCO 2006-BC3 Paid-Off Mortgages With Prepayment Flags (cont.) Trustee Remittance Date: November 25, 2006

SASCO 2006-BC3 Additional Funds Remitted (cont.) Trustee Remittance Date: November 25, 2006

SASCO 2006-BC3 Outstanding Issues (cont.) Trustee Remittance Date: November 25, 2006

1 Estimate based on internal calculations. 2 Estimated claim payment if the claim had been paid. (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Mortgage Insurance Watchlist Mortgage Data Through: October 31, 2006

SASCO 2006-BC3 High Loan-Level Losses(cont.) Mortgage Data Through: October 31, 2006

(C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) Section Six Analytics (C) 2006 Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc (page) SASCO 2006-BC3 FICO Distribution by Status Mortgage Data Through: October 31, 2006 FICO Delinquency Percentage 480 Current 0 490 Current 0.001 490 Delinquent 0.026 500 Current 0.004 500 Delinquent 0.009 510 Current 0.01 510 Delinquent 0.009 520 Current 0.011 520 Delinquent 0.035 530 Current 0.013 530 Delinquent 0.035 540 Current 0.018 540 Delinquent 0.009 540 Paid Off 0.033 550 Current 0.025 550 Delinquent 0.026 560 Current 0.031 560 Delinquent 0.026 560 Paid Off 0.033 570 Current 0.035 570 Delinquent 0.07 580 Current 0.047 580 Delinquent 0.026 580 Paid Off 0.033 590 Current 0.051 590 Delinquent 0.113 590 Paid Off 0.033 600 Current 0.058 600 Delinquent 0.043 600 Paid Off 0.033 610 Current 0.068 610 Delinquent 0.009 610 Paid Off 0.067 620 Current 0.072 620 Delinquent 0.113 620 Paid Off 0.067 630 Current 0.08 630 Delinquent 0.096 630 Paid Off 0.033 640 Current 0.085 640 Delinquent 0.104 640 Paid Off 0.1 650 Current 0.08 650 Delinquent 0.122 650 Paid Off 0.067 660 Current 0.067 660 Delinquent 0.017 660 Paid Off 0.033 670 Current 0.064 670 Delinquent 0.035 670 Paid Off 0.067 680 Current 0.042 680 Delinquent 0.009 680 Paid Off 0.133 690 Current 0.033 700 Current 0.022 700 Delinquent 0.009 700 Paid Off 0.033 710 Current 0.018 710 Delinquent 0.017 710 Paid Off 0.167 720 Current 0.017 720 Delinquent 0.017 730 Current 0.011 730 Delinquent 0.017 730 Paid Off 0.067 740 Current 0.008 750 Current 0.008 760 Current 0.005 770 Current 0.004 770 Delinquent 0.009 780 Current 0.005 790 Current 0.002 800 Current 0.002 810 Current 0.001 820 Current 0 830 Current 0 Status # of Loans Average Std. Deviation Current 6,765 630 54.048 Delinquent 115 611 54.465 Paid Off 30 652 50.191 Total: 6,910 Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Loan-to-Value Distribution by Status Mortgage Data Through: October 31, 2006 LTV Delinquency Percentage 0 Current 0 0.1 Paid Off 0.033 0.1 Current 0.028 0.1 Delinquent 0.026 0.2 Current 0.107 0.2 Delinquent 0.07 0.2 Paid Off 0.167 0.3 Delinquent 0.009 0.3 Current 0.006 0.4 Paid Off 0.033 0.4 Current 0.012 0.5 Current 0.022 0.6 Current 0.048 0.6 Delinquent 0.017 0.7 Paid Off 0.133 0.7 Delinquent 0.035 0.7 Current 0.094 0.8 Delinquent 0.339 0.8 Paid Off 0.367 0.8 Current 0.381 0.9 Paid Off 0.133 0.9 Current 0.191 0.9 Delinquent 0.348 1 Paid Off 0.133 1 Delinquent 0.157 1 Current 0.112 Status # of Loans Average Std. Deviation Current 6,765 0.826 0.137 Delinquent 115 0.873 0.091 Paid Off 30 0.844 0.125 Total: 6,910 Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Balance Distribution by Status Mortgage Data Through: October 31, 2006 Balance Delinquency Percentage 10000 Current 0.002 20000 Current 0.016 30000 Current 0.025 30000 Delinquent 0.026 40000 Current 0.026 40000 Delinquent 0.017 50000 Current 0.03 50000 Delinquent 0.052 60000 Current 0.038 60000 Delinquent 0.026 70000 Current 0.037 70000 Delinquent 0.009 80000 Current 0.042 80000 Delinquent 0.043 90000 Current 0.035 90000 Delinquent 0.061 100000 Current 0.044 100000 Delinquent 0.017 110000 Current 0.045 110000 Delinquent 0.061 120000 Current 0.043 120000 Delinquent 0.026 130000 Current 0.038 130000 Delinquent 0.035 140000 Current 0.037 140000 Delinquent 0.026 150000 Current 0.036 150000 Delinquent 0.043 160000 Current 0.036 160000 Delinquent 0.017 170000 Current 0.037 170000 Delinquent 0.009 180000 Current 0.03 180000 Delinquent 0.017 190000 Current 0.026 190000 Delinquent 0.026 200000 Current 0.027 200000 Delinquent 0.026 210000 Current 0.026 210000 Delinquent 0.017 220000 Current 0.024 220000 Delinquent 0.035 230000 Current 0.018 230000 Delinquent 0.009 240000 Current 0.017 240000 Delinquent 0.026 250000 Current 0.021 250000 Delinquent 0.009 260000 Current 0.019 270000 Current 0.017 270000 Delinquent 0.026 280000 Current 0.018 280000 Delinquent 0.009 290000 Current 0.013 290000 Delinquent 0.009 300000 Current 0.015 300000 Delinquent 0.009 310000 Current 0.01 310000 Delinquent 0.017 320000 Current 0.012 320000 Delinquent 0.035 330000 Current 0.01 330000 Delinquent 0.009 340000 Current 0.009 340000 Delinquent 0.009 350000 Current 0.01 350000 Delinquent 0.009 360000 Current 0.01 360000 Delinquent 0.017 370000 Current 0.008 370000 Delinquent 0.009 380000 Current 0.006 380000 Delinquent 0.009 390000 Current 0.007 390000 Delinquent 0.017 400000 Current 0.007 400000 Delinquent 0.009 410000 Current 0.004 410000 Delinquent 0.009 420000 Current 0.006 420000 Delinquent 0.026 430000 Current 0.004 430000 Delinquent 0.009 440000 Current 0.004 450000 Current 0.005 450000 Delinquent 0.035 460000 Current 0.005 460000 Delinquent 0.017 470000 Current 0.003 480000 Current 0.005 490000 Current 0.003 490000 Delinquent 0.009 500000 Current 0.004 500000 Delinquent 0.009 510000 Current 0.002 520000 Current 0.003 530000 Current 0.001 540000 Current 0.004 550000 Current 0.002 560000 Current 0.002 570000 Current 0.001 570000 Delinquent 0.009 580000 Current 0.002 580000 Delinquent 0.009 590000 Current 0.001 590000 Delinquent 0.009 600000 Current 0.002 600000 Delinquent 0.009 610000 Current 0.001 620000 Current 0.001 630000 Current 0.001 640000 Current 0.002 650000 Current 0.001 650000 Delinquent 0.009 660000 Current 0 670000 Current 0.001 680000 Current 0 690000 Current 0 690000 Delinquent 0.009 700000 Current 0 700000 Delinquent 0.009 710000 Current 0 720000 Current 0.001 730000 Current 0 750000 Current 0 760000 Current 0 790000 Current 0 800000 Current 0.001 850000 Current 0.001 880000 Current 0 990000 Current 0 1000000 Current 0 Status # of Loans Average Std. Deviation Current 6,765 189,970.17 132,264.05 Delinquent 115 232,263.72 162,696.05 Total: 6,880 Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Mortgage Type Distribution by Status Mortgage Data Through: October 31, 2006 Mortgage Type Delinquency Percentage Investment Home Current 0.05 Investment Home Delinquent 0.078 Investment Home Paid Off 0.233 Primary Home Current 0.94 Primary Home Delinquent 0.922 Primary Home Paid Off 0.767 Second Home Current 0.01 Mortgage TypeLoan Count Total Balance Avg. Balance Std. Deviation ARM 4,247 940,307,580.27 221,405.13 139,897.13 Fixed 2,663 371,550,954.48 139,523.45 103,581.29 Total: 6,910 1,311,858,534.75 Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Mortgage Term Distribution by Status Mortgage Data Through: October 31, 2006 Mortgage TermDelinquency Percentage 0 Current 0.082 0 Delinquent 0.174 0 Paid Off 0.033 120 Current 0 180 Current 0.142 180 Paid Off 0.233 180 Delinquent 0.113 240 Current 0 360 Current 0.775 360 Delinquent 0.713 360 Paid Off 0.733 # of Loans Other 120 180 240 360 6,910 575 1 982 3 5349 Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Mortgage Purpose Distribution Mortgage Data Through: October 31, 2006 Origination Statistics Current Loans Purpose Number Percentage Purpose Number Percentage Cash-out 2,642 38.2% Cash-out 2,612 38.6% refinance refinance Purchase 3,708 53.7% Purchase 3,605 53.3% Rate/term 560 8.1% Rate/term 548 8.1% refinance refinance Home 0 0.0% Home 0 0.0% Improvement Improvement Other 0 0.0% Other 0 0.0% Total 6,910 100% Total 6,765 100% Delinquent Loans Paid Off Loans Purpose Number Percentage Purpose Number Percentage Cash-out 21 18.3% Cash-out 9 30.0% refinance refinance Purchase 84 73.0% Purchase 19 63.3% Rate/term 10 8.7% Rate/term 2 6.7% refinance refinance Home 0 0.0% Home 0 0.0% Improvement Improvement Other 0 0.0% Other 0 0.0% Total 115 100% Total 30 100% Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Ownership Distribution by Status Mortgage Data Through: October 31, 2006 Ownership Type Delinquency Percentage Investment Home Current 0.05 Investment Home Delinquent 0.078 Investment Home Paid Off 0.233 Primary Home Current 0.94 Primary Home Delinquent 0.922 Primary Home Paid Off 0.767 Second Home Current 0.01 Title # of Loans Investment Home 352 Primary Home 6,489 Second Home 69 Total: 6,910 Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Delinquent Count Over Time Mortgage Data Through: October 31, 2006 AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 10/31/2006 91 23 1 0 0 Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Delinquent Balance Over Time Mortgage Data Through: October 31, 2006 AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 10/31/2006 21352872.01 5037844.69 319610.9 0 0 Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Conditional Prepayment Rates Mortgage Data Through: October 31, 2006 Date Distribution Date CPR 3-Month MA 6-Month MA 12-Month MA 10/31/2006 11/25/2006 18.70% Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page) SASCO 2006-BC3 Historical SDA Performance Mortgage Data Through: October 31, 2006 Weighted Monthly Date Average Age Default AmtDefault RateCDR (F-R) SDA Curve SDA % 31-Oct-06 4.82 $0 0.00% 0.00% 0.10% 0% Averages: 4.82 $0 0.00% 0.00% 0.10% 0% Copyright 2006, Clayton Fixed Income Services Inc. All rights reserved. This material is confidential and may not be copied, used or distributed without the written permission of Clayton Fixed Income Services Inc. (page)

SASCO 2006-BC3 10-D/A