10-D/A 1 dal07ab1_10da-200705.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: April 26, 2007 to May 25, 2007 Commission File Number of issuing entity: 333-131600-20 Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-AB1 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-131600 Deutsche Alt-A Securities, Inc. (Exact name of depositor as specified in its charter) DB Structured Products, Inc. (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2199609 54-2199610 (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___ ____________ AI-1 _____ _____ __X___ ____________ AI-2 _____ _____ __X___ ____________ AR _____ _____ __X___ ____________ X _____ _____ __X___ ____________ PO _____ _____ __X___ ____________ B-1 _____ _____ __X___ ____________ B-2 _____ _____ __X___ ____________ B-3 _____ _____ __X___ ____________ B-4 _____ _____ __X___ ____________ B-5 _____ _____ __X___ ____________ B-6 _____ _____ __X___ ____________ B-7 _____ _____ __X___ ____________ B-8 _____ _____ __X___ ____________ B-9 _____ _____ __X___ ____________ B-10 _____ _____ __X___ ____________ B-11 _____ _____ __X___ ____________ B-12 _____ _____ __X___ ____________ P _____ _____ __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 22, 2007 a revision was made to the May 25, 2007 distribution which was made to holders of Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-AB1. The reason for this amendment is on June 4th, Wells Fargo received a final revised issuance file. The deal did not originally pass through enough interest to pay the classes correctly, due to an incorrect non-prefud file. The PMI rates were not correct and would also pay incorrectly to the classes. 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. Updated collateral tables relecting revised pool composition as of the end of the pre-funding period are attached as an Exhibit to this form 10-D/A. Please see Item 9(b), Exhibit 99.2. 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 Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-AB1, relating to the May 25, 2007 distribution. (99.2) Updated collateral tables. (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. Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-AB1 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Kelly Rentz Kelly Rentz, Officer Date: July 3, 2007 EXHIBIT INDEX Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-AB1, relating to the May 25, 2007 distribution. EX-99.2 Updated collateral tables. EX-99.1 DEUTSCHE ALT-A SECURITIES, INC Mortgage Pass-Through Certificates Distribution Date: 5/25/2007 DEUTSCHE ALT-A SECURITIES, INC Mortgage Pass-Through Certificates Series 2007-AB1 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 Deutsche Bank Alt-A Preliminary Collateral Analysis All records 2,038 records Balance: 522,969,272 Originator

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Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-AB1 10-D/A