10-D/A 1 srm06002_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: 333-127589-39 Structured Adjustable Rate Mortgage Loan Trust, Series 2006-2 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-127589 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)) 1-A1 _____ _____ __X___ ____________ 1-A2 _____ _____ __X___ ____________ 2-A1 _____ _____ __X___ ____________ 2-A2 _____ _____ __X___ ____________ AX _____ _____ __X___ ____________ PAX _____ _____ __X___ ____________ 3-A1 _____ _____ __X___ ____________ 3-A2 _____ _____ __X___ ____________ 4-A1 _____ _____ __X___ ____________ 4-A2 _____ _____ __X___ ____________ 4-AX _____ _____ __X___ ____________ 5-A1 _____ _____ __X___ ____________ 5-A2 _____ _____ __X___ ____________ 5-AX _____ _____ __X___ ____________ B1-I _____ _____ __X___ ____________ B2-I _____ _____ __X___ ____________ B3-I _____ _____ __X___ ____________ B4-I _____ _____ __X___ ____________ B1-II _____ _____ __X___ ____________ B2-II _____ _____ __X___ ____________ B3-II _____ _____ __X___ ____________ B4-II _____ _____ __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 March 19, 2007, a revision was made to the December 26, 2006 distribution which was made to holders of Structured Adjustable Rate Mortgage Loan Trust, Series 2006-2. The report was revised because Lehman informed Wells Fargo that there were some potential payment differences within their portfolio. Due to the nature of senior/sub deals, this difference in allocation of scheduled versus unscheduled principal affected the cash flows for the individual certificates in the deal, overpaying the senior class and underpaying the subordinate class principal. 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 Adjustable Rate Mortgage Loan Trust, Series 2006-2, relating to the December 26, 2006 distribution. (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 Adjustable Rate Mortgage Loan Trust, Series 2006-2 (Issuing Entity) Aurora Loan Services LLC (Master Servicer) /s/ Michele Olds Michele Olds, Vice President Servicer Oversight Date: March 21, 2007 EXHIBIT INDEX Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Structured Adjustable Rate Mortgage Loan Trust, Series 2006-2, relating to the December 26, 2006 distribution. EX-99.1 Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates Distribution Date: 12/26/2006 Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates Series 2006-2 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

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Prepayment Rates

STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST SERIES 2006-2 10-D/A