Content:

Pages

Contact Information:

5/25/2006

Statement to Certificate Holders

Analyst:

Dennis Yoon

714.259.6209

Statement to Certificate Holders (Factors)

dennis.yoon@abnamro.com

Pool/Non-Pool Funds Cash Reconciliation

4/25/2006

Administrator:

Robert Waddell

312.904.6257

Cash Reconciliation Summary

robert.waddell@abnamro.com

Pool Detail and Performance Indicators

LaSalle Website:

www.etrustee.net

Bond Interest Reconciliation Part I

6/26/2006

Bond Interest Reconciliation Part II

Bond Principal Reconciliation

Outside Parties To The Transaction

Rating Information

5/24/2006

End of Month Balance Reporting

15 Month Loan Status Summary Part I

12-14

15 Month Loan Status Summary Part II

15-17

15 Month Historical Payoff Summary

18-19

Prepayment Summary

Mortgage Loan Characteristics Part I

Mortgage Loan Characteristics Part II

22-24

2/28/2006

Geographic Concentration

Current Period Realized Loss Detail

Historical Realized Loss Summary

3/27/2006

Realized Loss Summary

Material Breaches Detail

Modified Loan Detail

3/25/2036

5/15/2006

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

ABN AMRO Acct : 723472.1

Payment Date:

25-May-06

Prior Payment:

25-Apr-06

Next Payment:

26-Jun-06

Record Date:

24-May-06

Issuer: Bear Stearns Asset Backed Securities I LLC

Distribution Count:

Depositor: Bear Stearns Asset Backed Securities, Inc.

Underwriter: Bear Stearns & Co. Inc.

Closing Date:

28-Feb-06

Master Servicer: EMC Mortgage Corporation

First Pay. Date:

Rating Agency: Moody's Investors Service, Inc./Standard & Poor's Ratings
Services/Fitch Ratings

27-Mar-06

Rated Final

Payment Date:

25-Mar-36

Determination

Date:

15-May-06

24-May-2006 18:24

A-1

785778QJ3

458,139,000.00

421,025,552.92

18,609,656.13

0.00

402,415,896.79

1,803,175.26

0.00

5.1393800000%

A-2

785778QK0

36,369,000.00

30,860,378.37

2,762,167.41

0.00

28,098,210.96

129,597.64

0.00

5.0393800000%

A-3

785778QL8

31,631,000.00

0.00

31,631,000.00

136,787.73

0.00

5.1893800000%

M-1

785778QM6

40,040,000.00

0.00

40,040,000.00

179,491.98

0.00

5.3793800000%

M-2

785778QN4

38,544,000.00

0.00

38,544,000.00

173,749.29

0.00

5.4093800000%

M-3

785778QP9

16,465,000.00

0.00

16,465,000.00

74,495.62

0.00

5.4293800000%

M-4

785778QQ7

17,214,000.00

0.00

17,214,000.00

79,462.41

0.00

5.5393800000%

M-5

785778QR5

15,342,000.00

0.00

15,342,000.00

71,076.67

0.00

5.5593800000%

M-6

785778QS3

11,226,000.00

0.00

11,226,000.00

52,756.40

0.00

5.6393800000%

B-1

785778QT1

12,349,000.00

0.00

12,349,000.00

64,928.78

0.00

6.3093800000%

B-2

785778QU8

10,478,000.00

0.00

10,478,000.00

57,274.32

0.00

6.5593800000%

B-3

785778QV6

10,478,000.00

0.00

10,478,000.00

66,879.15

0.00

7.6593800000%

B-4

785778QW4

8,981,000.00

0.00

8,981,000.00

63,311.41

0.00

8.4593800000%

785778QX2

748,420,525.54 N

705,797,060.20

0.00

684,425,236.65

3,466,433.41

100,002.70

N/A

R-1

785778QY0

0.00

N/A

R-2

785778RA1

0.00

N/A

R-3

785778RB9

0.00

N/A

785778QZ7

0.00

N/A

Total

707,256,000.00

664,633,931.29

21,371,823.54

0.00

643,262,107.75

6,419,420.07

100,002.70

Total P&I Payment

27,791,243.61

Distribution Date: 25-May-06

Pass-Through

Rate

Deferred Interest

Ending Certificate

Balance

Interest Payment

(2)

Bond Payments

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Current Realized

Loss

Class

CUSIP

Beginning

Certificate Balance

Principal Payment

Original Face Value

(1)

N denotes notional balance not included in total

(2)

Accrued Interest plus/minus Interest Adjustment minus Deferred Interest equals Interest Payment * Denotes Controlling Class

Interest

Adjustment

24-May-2006 18:24

Page 2 of 30

A-1

785778QJ3

458,139,000.00

918.990858495

40.620109028

0.000000000

878.370749467

3.935869376

0.000000000

5.26125000%

A-2

785778QK0

36,369,000.00

848.535246226

75.948401386

0.000000000

772.586844840

3.563409497

0.000000000

5.16125000%

A-3

785778QL8

31,631,000.00

1000.000000000

0.000000000

1000.000000000

4.324483260

0.000000000

5.31125000%

M-1

785778QM6

40,040,000.00

1000.000000000

0.000000000

1000.000000000

4.482816683

0.000000000

5.50125000%

M-2

785778QN4

38,544,000.00

1000.000000000

0.000000000

1000.000000000

4.507816781

0.000000000

5.53125000%

M-3

785778QP9

16,465,000.00

1000.000000000

0.000000000

1000.000000000

4.524483450

0.000000000

5.55125000%

M-4

785778QQ7

17,214,000.00

1000.000000000

0.000000000

1000.000000000

4.616150227

0.000000000

5.66125000%

M-5

785778QR5

15,342,000.00

1000.000000000

0.000000000

1000.000000000

4.632816452

0.000000000

5.68125000%

M-6

785778QS3

11,226,000.00

1000.000000000

0.000000000

1000.000000000

4.699483342

0.000000000

5.76125000%

B-1

785778QT1

12,349,000.00

1000.000000000

0.000000000

1000.000000000

5.257816827

0.000000000

6.43125000%

B-2

785778QU8

10,478,000.00

1000.000000000

0.000000000

1000.000000000

5.466150029

0.000000000

6.68125000%

B-3

785778QV6

10,478,000.00

1000.000000000

0.000000000

1000.000000000

6.382816377

0.000000000

7.78125000%

B-4

785778QW4

8,981,000.00

1000.000000000

0.000000000

1000.000000000

7.049483354

0.000000000

8.58125000%

785778QX2

748,420,525.54 N

943.048775541

0.000000000

914.492873049

4.631665343

0.133618329

N/A

R-1

785778QY0

0.00

0.000000000

N/A

R-2

785778RA1

0.00

0.000000000

N/A

R-3

785778RB9

0.00

0.000000000

N/A

785778QZ7

0.00

0.000000000

N/A

* Per $1,000 of Original Face Value ** Estimated

SACO I Trust

Next Rate **

Deferred Interest *

Ending Certificate

Balance *

Interest Payment *

Interest Adjustment*

Statement to Certificate Holders (FACTORS)

Distribution Date: 25-May-06

Series 2006-3

Mortgage-Backed Certificates

Bond Payments

Current Realized

Loss *

Original Face

Value

Class

CUSIP

Beginning Certificate

Balance *

Principal Payment

24-May-2006 18:24

Page 3 of 30

Interest Summary

Principal Summary

Reserve Fund

Interest Summary

Principal Summary

Beginning Balance

5,000.00

Scheduled Interest

6,650,866.41

Scheduled Prin Distribution

271,175.36

Withdrawal from Trust

0.00

Fees

301,140.08

Curtailments

442,557.98

Reimbursement from Waterfall

0.00

Remittance Interest

6,349,726.33

Prepayments in Full

20,658,090.21

Ending Balance

5,000.00

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

0.00

Prepayment Penalties

101,319.93

Repurchase Proceeds

0.00

Swap Agreement

Other Interest Loss

0.00

Other Principal Proceeds

214.51

Other Interest Proceeds

0.00

Remittance Principal

21,372,038.06

Net Swap payment payable to the Swap

Non-advancing Interest

(1,317.23)

Administrator

0.00

Net PPIS/Relief Act Shortfall

0.00

Net Swap payment payable to the Swap Provider

30,523.48

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

100,002.70

Swap Termination payment payable to the Swap

Interest Adjusted

6,449,729.03

Administrator

0.00

Fee Summary

Swap Termination payment payable to the Swap

0.00

Total Servicing Fees

294,082.11

Provider

Total Trustee Fees

7,057.97

LPMI Fees

0.00

Credit Manager's Fees

0.00

Misc. Fees / Trust Expense

0.00

Insurance Premium

0.00

Total Fees

301,140.08

Advances (Principal & Interest)

Prior Month's Outstanding Advances

5,711,257.44

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

6,171,883.71

P&I Due Certificate Holders

27,791,243.61

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Cash Reconciliation Summary

Pool Source of Funds

Non-Pool Source of Funds

P&I Advances as of the end of the Due Period do not reflect the amount of advances remitted by the Servicer on the Servicer Remittance Date due to additional proceeds received between the end of the Due Period and the Servicer Remittance Date and netted from the P&I Advances stated as of the end
of the Due Period.

24-May-2006 18:24

Page 4 of 30

Bulk Loans

Flow Loans

Total

Interest Summary

Scheduled Interest

4,144,041.97

2,506,824.45

6,650,866.41

Fees

193,179.37

107,960.71

301,140.08

Remittance Interest

3,950,862.59

2,398,863.74

6,349,726.33

Other Interest Proceeds/Shortfalls

Prepayment Penalties

89,766.78

11,553.15

101,319.93

Other Interest Loss

0.00

Other Interest Proceeds

0.00

Non-advancing Interest

(1,317.23)

0.00

(1,317.23)

Net PPIS/Relief Act Shortfall

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

88,449.55

11,553.15

100,002.70

Interest Adjusted

4,039,312.14

2,410,416.89

6,449,729.03

Principal Summary

Scheduled Principal Distribution

194,600.62

76,574.74

271,175.36

Curtailments

233,424.83

209,133.15

442,557.98

Prepayments in Full

12,587,024.88

8,071,065.33

20,658,090.21

Liquidation Proceeds

0.00

Repurchase Proceeds

0.00

Other Principal Proceeds

227.01

(12.50)

214.51

Less Mod Losses

0.00

Remittance Principal

13,015,277.34

8,356,760.72

21,372,038.06

Fee Summary

Total Servicing Fees

188,651.73

105,430.38

294,082.11

Total Trustee Fees

4,527.64

2,530.33

7,057.97

LPMI Fees

0.00

Total Fees

193,179.37

107,960.71

301,140.08

Beginning Principal Balance

452,764,156.21

253,032,903.99

705,797,060.20

Ending Principal Balance

439,749,105.88

244,676,130.77

684,425,236.65

Advances (Principal & Interest)

Prior Month's Outstanding Advances

3,565,430.00

2,145,830.00

5,711,260.00

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

3,873,765.15

2,298,118.56

6,171,883.71

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Cash Reconciliation Summary (By Product)

24-May-2006 18:24

Page 5 of 30

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Cut-off Pool Balance

748,420,525.54 14,412

3 mo. Rolling Average

4,465,339.65

705,285,753

0.64%

WAC - Current

10.79%

0.00%

10.79%

Cum Scheduled Principal

822,041.33

6 mo. Rolling Average

4,465,339.65

705,285,753

0.64%

WAC - Original

10.81%

0.00%

10.81%

Cum Unscheduled Principal

62,872,448.62

12 mo. Rolling Average

4,465,339.65

705,285,753

0.64%

WAL - Current

256.14

0.00

256.14

Cum Liquidations

300,798.94

Loss Levels

Amount

Count

WAL - Original

257.71

0.00

257.71

Cum Deferred Interest

0.00

3 mo. Cum Loss

30,240.45

6 mo. Cum loss

30,240.45

Current Index Rate

Current

Amount

Count

12 mo. Cum Loss

30,240.45

Next Index Rate

Beginning Pool

705,797,060.20 13,711

94.30%

Scheduled Principal

271,175.36

0.04%

Triggers

Unscheduled Principal

21,100,648.19

324

2.82%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

4,465,339.65

684,425,237

0.65%

Repurchases

0.00

0.00%

Ending Pool

684,425,236.65 13,387

91.45%

> Loss Trigger Event?

(3)

Average Loan Balance

51,126.11

Cumulative Loss

30,032

0.00%

Current Loss Detail

Amount

> Overall Trigger Event?

Liquidation

0.00

Pool Composition

Realized Loss

0.00

Step Down Date

Realized Loss Adjustment

(214.51)

Distribution Count

Properties

%/Score

Net Liquidation

214.51

Current Specified Enhancement %

(4)

32.48%

Cut-off LTV

20.08%

Step Down %

(5)

59.40%

Cash Out/Refinance

12.52%

Credit Enhancement

Amount

Delinquent Event Threshold %

(6)

7.00%

SFR

53.76%

Original OC

41,164,525.54

5.50%

> Step Down Date?

Target OC

41,163,128.90

5.50%

Min

Max

Beginning OC

41,163,128.91

Extra Principal

0.00

FICO

495

825

691.43

OC Amount per PSA

41,163,343.42

5.50%

Cumulative Extra Principal

29,058.32

Ending OC

41,163,128.90

OC Release

214.52

Non-Senior Certificates

181,117,000.00 24.20%

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Pool Detail and Performance Indicators Total (All Loans)

Misc/Additional Information

Pool Level Information

4.959380%

5.081250%

Balance

150,279,163.33

93,698,976.19

402,375,721.68

Legend: (1) 60 Days+, REO, BK, F/C % (3) Condn: Cum Loss > specified thresholds (5) Defined Benchmark (7) Condn: Distn Cnt > 36, (4) > (5)
(2) (1) > (6) then TRUE (4) Non-Senior Certs + OC Amount / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)

Owner Occupied

549,925,057.02

73.48%

24-May-2006 18:24

Page 6 of 30

A-1

Act/360

421,025,552.92

5.139380000%

1,803,175.26

0.00

1,803,175.26

0.00

A-2

Act/360

30,860,378.37

5.039380000%

129,597.64

0.00

129,597.64

0.00

A-3

Act/360

31,631,000.00

5.189380000%

136,787.73

0.00

136,787.73

0.00

M-1

Act/360

40,040,000.00

5.379380000%

179,491.98

0.00

179,491.98

0.00

M-2

Act/360

38,544,000.00

5.409380000%

173,749.29

0.00

173,749.29

0.00

M-3

Act/360

16,465,000.00

5.429380000%

74,495.62

0.00

74,495.62

0.00

M-4

Act/360

17,214,000.00

5.539380000%

79,462.41

0.00

79,462.41

0.00

M-5

Act/360

15,342,000.00

5.559380000%

71,076.67

0.00

71,076.67

0.00

M-6

Act/360

11,226,000.00

5.639380000%

52,756.40

0.00

52,756.40

0.00

B-1

Act/360

12,349,000.00

6.309380000%

64,928.78

0.00

64,928.78

0.00

B-2

Act/360

10,478,000.00

6.559380000%

57,274.32

0.00

57,274.32

0.00

B-3

Act/360

10,478,000.00

7.659380000%

66,879.15

0.00

66,879.15

0.00

B-4

Act/360

8,981,000.00

8.459380000%

63,311.41

0.00

63,311.41

0.00

30/360

705,797,060.20

5.723620000%

3,366,430.71

101,319.93

0.00

3,467,750.64

3,466,433.41

0.00

R-1

30/360

0.00

0.000000000%

0.00

R-2

30/360

0.00

0.000000000%

0.00

R-3

30/360

0.00

0.000000000%

0.00

30/360

0.00

0.000000000%

0.00

Total

664,633,931.29

6,319,417.37

101,319.93

0.00

6,420,737.30

6,419,420.07

0.00

(1)

Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Interest Payment

Amount

Remaining Int

Carry-Forward

Shortfall

Current Period

(Shortfall) /

Recovery

Net Cap

Rate in

Effect Y/N

Total Interest

Deductions

Method

Days

Remaining

Basis Risk Carry-

Fwd Shortfall

Outstanding Relief

Act / Prepayment

Interest Shortfalls

Class

Accrual

Certificate

Interest

Distribution Date: 25-May-06

Pass-Thru Rate

Total Interest

Additions

Distributable

Certificate

Interest

Bond Interest Reconciliation

Opening Balance

- - Accrual - -

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

- - - - - - - - Outstanding - - - - - - - -

24-May-2006 18:25

Page 7 of 30

A-1

24-May-06

25-Apr-06

25-May-06

0.00

A-2

24-May-06

25-Apr-06

25-May-06

0.00

A-3

24-May-06

25-Apr-06

25-May-06

0.00

M-1

24-May-06

25-Apr-06

25-May-06

0.00

M-2

24-May-06

25-Apr-06

25-May-06

0.00

M-3

24-May-06

25-Apr-06

25-May-06

0.00

M-4

24-May-06

25-Apr-06

25-May-06

0.00

M-5

24-May-06

25-Apr-06

25-May-06

0.00

M-6

24-May-06

25-Apr-06

25-May-06

0.00

B-1

24-May-06

25-Apr-06

25-May-06

0.00

B-2

24-May-06

25-Apr-06

25-May-06

0.00

B-3

24-May-06

25-Apr-06

25-May-06

0.00

B-4

28-Apr-06

25-Apr-06

25-May-06

0.00

28-Apr-06

1-Apr-06

1-May-06

0.00

101,319.93

0.00

R-1

28-Apr-06

1-Apr-06

1-May-06

0.00

R-2

28-Apr-06

1-Apr-06

1-May-06

0.00

R-3

28-Apr-06

1-Apr-06

1-May-06

0.00

28-Apr-06

1-Apr-06

1-May-06

0.00

Total

0.00

101,319.93

0.00

Prior Interest Due

Date

Current Interest

Due Date

Prior Shortfall

Reimbursement

Other Interest

Proceeds

(1)

Class

Interest Rate

SWAP Agreement

Deposits from YM

Agreement

Prior Int Carry-Fwd

Shortfall

Distribution Date: 25-May-06

Mortgage-Backed Certificates

Series 2006-3

SACO I Trust

Current Int Carry-

Fwd Shortfall

(2)

Current Basis Risk

Carry-Fwd

Shortfall

(1)

Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

(2)

Interest Carry-Forward Shortfall is unpaid interest with interest thereon.

(3)

Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

- - - - - - - - - - - - - - - - - - - - - - - - - - - Additions - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - Deductions - - - - - - - - - -

Bond Interest Reconciliation

Other Interest

Losses

Prepayment

Premiums

Record Date

24-May-2006 18:25

Page 8 of 30

A-1

458,139,000.00

421,025,552.92

236,127.73

18,373,528.40

0.00

402,415,896.79

25-Mar-36

N/A

A-2

36,369,000.00

30,860,378.37

35,047.63

2,727,119.78

0.00

28,098,210.96

25-Mar-36

N/A

A-3

31,631,000.00

0.00

31,631,000.00

25-Mar-36

N/A

M-1

40,040,000.00

0.00

40,040,000.00

25-Mar-36

N/A

M-2

38,544,000.00

0.00

38,544,000.00

25-Mar-36

N/A

M-3

16,465,000.00

0.00

16,465,000.00

25-Mar-36

N/A

M-4

17,214,000.00

0.00

17,214,000.00

25-Mar-36

N/A

M-5

15,342,000.00

0.00

15,342,000.00

25-Mar-36

N/A

M-6

11,226,000.00

0.00

11,226,000.00

25-Mar-36

N/A

B-1

12,349,000.00

0.00

12,349,000.00

25-Mar-36

N/A

B-2

10,478,000.00

0.00

10,478,000.00

25-Mar-36

N/A

B-3

10,478,000.00

0.00

10,478,000.00

25-Mar-36

N/A

B-4

8,981,000.00

0.00

8,981,000.00

25-Mar-36

N/A

748,420,525.54

705,797,060.20

0.00

684,425,236.65

25-Mar-36

N/A

R-1

0.00

25-Mar-36

N/A

R-2

0.00

25-Mar-36

N/A

R-3

0.00

25-Mar-36

N/A

0.00

25-Mar-36

N/A

Total

707,256,000.00

664,633,931.29

271,175.36

21,100,648.18

0.00

643,262,107.75

Cumulative

Losses

- - - - - - - - - - - - - - - - Losses - - - - - - - - - - - - - - -

Extra

Principal
Payment

Prior
Loss

Reimburs.

Bond Principal Reconciliation

Unscheduled

Principal
Payment

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Current

Original

Interest on

Losses

Scheduled Principal

Payment

Ending

Class Balance

Rated

Final

Maturity

- Credit Support -

Class

Original Class

Balance

Beginning Class

Balance

Current

Losses

Distribution Date: 25-May-06

24-May-2006 18:25

Page 9 of 30

Class

CUSIP

Fitch

Moody's

S&P

A-1

785778QJ3

Aaa

AAA

A-2

785778QK0

Aaa

AAA

A-3

785778QL8

Aaa

AAA

M-1

785778QM6

Aa1

AA+

M-2

785778QN4

Aa2

M-3

785778QP9

Aa3

AA-

M-4

785778QQ7

A+

M-5

785778QR5

M-6

785778QS3

A-

B-1

785778QT1

Baa1

BBB+

B-2

785778QU8

Baa2

BBB

B-3

785778QV6

Baa3

BBB-

B-4

785778QW4

Ba1

BB+

785778QX2

NR - Designates that the class was not rated by the rating agency.

(1)

Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to LaSalle within 30 days of the payment

date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle recommends that investors obtain
current rating information directly from the rating agency.

- - - - - - - - - Original Ratings - - - - - - -

Fitch

Moody's

S&P

- - - - - - - - - - - - - - - - Ratings Change / Change Date

(1)

- - - - - - - - - - - - - - - - -

Distribution Date: 25-May-06

Ratings Information

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

24-May-2006 18:25

Page 10 of 30

Type

Count

Count (%)

Scheduled UPB

Sched UPB (%)

Arrears

Arrears (%)

REO Book Value

13215

96.3825%

675,084,319.55

97.3459%

0.00

0.0000%

0.00

166

1.2107%

9,944,552.91

1.4340%

0.00

0.0000%

0.00

0.6272%

5,188,598.57

0.7482%

0.00

0.0000%

0.00

90+

0.3574%

2,866,101.19

0.4133%

0.00

0.0000%

0.00

BKY0

0.0583%

301,106.23

0.0434%

0.00

0.0000%

0.00

BKY30

0.0146%

78,910.61

0.0114%

0.00

0.0000%

0.00

BKY60

0.0073%

26,535.21

0.0038%

0.00

0.0000%

0.00

PIF

184

1.3420%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

13711

100.0000%

693,490,124.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

304

2.2172%

18,104,698.00

2.6107%

0.00

0.0000%

0.00

Total (Prior Month End):
Delinq Total (Prior Month End):

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

End of Month Balance Reporting

F/C Quick Sale

Value

Total

24-May-2006 18:25

Page 11 of 30

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-May-06

13,082

666,479,832

162

9,688,559

5,059,694

2,790,600

406,552

25-Apr-06

13,491

692,401,524

136

8,893,054

3,726,422

343,368

432,692

27-Mar-06

13,860

716,601,474

160

8,396,798

244,796

391,895

25-May-06

97.72%

97.38%

1.21%

1.42%

0.63%

0.74%

0.36%

0.41%

0.08%

0.06%

0.00%

25-Apr-06

98.40%

98.10%

0.99%

1.26%

0.49%

0.53%

0.02%

0.05%

0.10%

0.06%

0.00%

27-Mar-06

98.72%

98.76%

1.14%

1.16%

0.03%

0.00%

0.11%

0.05%

0.00%

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Total (All Loans)

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

24-May-2006 18:25

Page 12 of 30

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

25-May-06

8,474

427,930,638

122

6,841,244

2,345,911

2,338,932

292,381

25-Apr-06

8,740

444,551,749

4,287,356

3,257,211

343,368

324,472

27-Mar-06

8,955

458,079,984

146

7,512,844

207,801

310,191

25-May-06

97.46%

97.31%

1.40%

1.56%

0.55%

0.53%

0.49%

0.53%

0.09%

0.07%

0.00%

25-Apr-06

98.22%

98.19%

0.94%

0.95%

0.69%

0.72%

0.03%

0.08%

0.11%

0.07%

0.00%

27-Mar-06

98.23%

98.28%

1.60%

1.61%

0.03%

0.04%

0.00%

0.13%

0.07%

0.00%

Group 1 Bulk Loans

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

24-May-2006 18:25

Page 13 of 30

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

25-May-06

4,608

238,549,194

2,847,315

2,713,783

451,668

114,171

25-Apr-06

4,751

247,849,774

4,605,699

469,211

108,220

27-Mar-06

4,905

258,521,490

883,954

36,995

81,704

25-May-06

98.21%

97.50%

0.85%

1.16%

0.77%

1.11%

0.11%

0.18%

0.06%

0.05%

0.00%

25-Apr-06

98.71%

97.95%

1.08%

1.82%

0.12%

0.19%

0.00%

0.08%

0.04%

0.00%

27-Mar-06

99.63%

99.61%

0.28%

0.34%

0.02%

0.01%

0.00%

0.06%

0.03%

0.00%

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Group 1 Flow Loans

24-May-2006 18:25

Page 14 of 30

Balance

25-May-06

301,106

78,911

26,535

25-Apr-06

406,149

26,544

27-Mar-06

391,895

25-May-06

0.00%

0.06%

0.04%

0.01%

0.00%

25-Apr-06

0.00%

0.09%

0.06%

0.01%

0.00%

27-Mar-06

0.00%

0.11%

0.05%

0.00%

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

- - - - - - - - - - - In Foreclosure and Delinquent - - - - - - - - - - - - -

- - - - - - - - - - - - - - - In REO and Delinquent - - - - - - - - - - - - - -

- - - - - - - - - - - - - In Bankruptcy and Delinquent - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Total (All Loans)

61-90 Days

90 + Days

Current

31-60 Days

24-May-2006 18:25

Page 15 of 30

Balance

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

- - - - - - - - - - - In Foreclosure and Delinquent - - - - - - - - - - - - -

- - - - - - - - - - - - - - - In REO and Delinquent - - - - - - - - - - - - - -

- - - - - - - - - - - - - In Bankruptcy and Delinquent - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

61-90 Days

90 + Days

Current

31-60 Days

25-May-06

269,451

22,931

25-Apr-06

324,472

27-Mar-06

310,191

25-May-06

0.00%

0.08%

0.06%

0.01%

0.00%

25-Apr-06

0.00%

0.11%

0.07%

0.00%

27-Mar-06

0.00%

0.13%

0.07%

0.00%

Group 1 Bulk Loans

24-May-2006 18:25

Page 16 of 30

Balance

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

- - - - - - - - - - - In Foreclosure and Delinquent - - - - - - - - - - - - -

- - - - - - - - - - - - - - - In REO and Delinquent - - - - - - - - - - - - - -

- - - - - - - - - - - - - In Bankruptcy and Delinquent - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

61-90 Days

90 + Days

Current

31-60 Days

25-May-06

31,655

55,980

26,535

25-Apr-06

81,677

26,544

27-Mar-06

81,704

25-May-06

0.00%

0.02%

0.01%

0.02%

0.01%

0.00%

25-Apr-06

0.00%

0.06%

0.03%

0.02%

0.01%

0.00%

27-Mar-06

0.00%

0.06%

0.03%

0.00%

Group 1 Flow Loans

24-May-2006 18:25

Page 17 of 30

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

25-May-06

13,387 684,425,237

324

20,658,090

0.00

256

11.31%

10.80%

25-Apr-06

13,711 705,797,060

327

19,035,472

0.00

43,619.95

26,192

257

11.31%

10.80%

27-Mar-06

14,039 725,634,963

369

21,829,650

0.00

225,681.51

5,305

258

11.32%

10.81%

25-May-06

8,695

439,749,106

203

12,587,025

0.00

233

10.98%

10.47%

25-Apr-06

8,898

452,764,156

217

12,812,513

0.00

43,619.95

26,192

234

10.99%

10.48%

27-Mar-06

9,116

466,110,820

229

12,747,799

0.00

105,133.07

3,417

235

11.00%

10.49%

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Realized Losses

Distribution Date: 25-May-06

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Curr Weighted Avg.

Total (All Loans)

Group 1 Bulk Loans

Distribution

Date

Ending Pool

Payoffs

24-May-2006 18:25

Page 18 of 30

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Realized Losses

Distribution Date: 25-May-06

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Curr Weighted Avg.

Distribution

Date

Ending Pool

Payoffs

25-May-06

4,692

244,676,131

121

8,071,065

0.00

297

11.89%

11.38%

25-Apr-06

4,813

253,032,904

110

6,222,959

0.00

298

11.89%

11.38%

27-Mar-06

4,923

259,524,143

140

9,081,850

0.00

120,548.44

1,888

299

11.89%

11.38%

Group 1 Flow Loans

24-May-2006 18:25

Page 19 of 30

SMM (Single Monthly Mortality)

Total

Current Period

2.93%

3-Month Average

2.82%

6-Month Average

2.82%

12-Month Average

2.82%

Average Since Cut-Off

2.82%

CPR (Conditional Prepayment Rate)

Total

Current Period

29.99%

3-Month Average

29.07%

6-Month Average

29.07%

12-Month Average

29.07%

Average Since Cut-Off

29.07%

PSA (Public Securities Association)

Total

Current Period

500%

3-Month Average

485%

6-Month Average

485%

12-Month Average

485%

Average Since Cut-Off

485%

SMM

Single Monthly Mortality

(Partial and Full Prepayments + Repurchases + Liquidations) / (Beginning Collateral Balance - Scheduled Principal)

CPR

Conditional Prepayment Rate

1 - (1 - SMM)^12)

PSA

Public Securities Association

100 * CPR / (0.2 * MIN(30,WAS))

WAS

Weighted Average Seasoning

(Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Prepayment Summary

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

0.00%

4.80%

9.60%

14.40%

19.20%

24.00%

28.80%

33.60%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

71%

143%

214%

286%

357%

429%

500%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

24-May-2006 18:25

Page 20 of 30

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

19,000

1,380

10.31%

20,476,958

2.99%

19,000

1,460

10.13%

21,731,874

2.90%

19,000

23,000

907

6.78%

19,030,226

2.78%

19,000

23,000

953

6.61%

20,026,263

2.68%

23,000

27,000

1,200

8.96%

30,159,684

4.41%

23,000

27,000

1,260

8.74%

31,694,082

4.23%

27,000

31,000

1,069

7.99%

31,022,556

4.53%

27,000

31,000

1,133

7.86%

32,904,714

4.40%

31,000

35,000

1,052

7.86%

34,781,641

5.08%

31,000

35,000

1,120

7.77%

37,069,042

4.95%

35,000

40,000

1,073

8.02%

40,267,712

5.88%

35,000

41,000

1,314

9.12%

49,855,036

6.66%

40,000

51,000

1,868

13.95%

85,024,373

12.42%

41,000

52,000

1,996

13.85%

92,594,024

12.37%

51,000

62,000

1,360

10.16%

76,623,661

11.20%

52,000

63,000

1,436

9.96%

82,409,598

11.01%

62,000

73,000

950

7.10%

63,935,769

9.34%

63,000

74,000

1,004

6.97%

68,606,597

9.17%

73,000

84,000

741

5.54%

57,852,678

8.45%

74,000

85,000

795

5.52%

62,799,522

8.39%

84,000

95,000

481

3.59%

43,102,915

6.30%

85,000

96,000

507

3.52%

45,965,264

6.14%

95,000

450,000

1,306

9.76%

182,147,063

26.61%

96,000

450,000

1,434

9.95%

202,764,509

27.09%

13,387

100.00%

684,425,237

100.00%

14,412

100.00%

748,420,526

100.00%

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

5.75%

9.50%

1,505

11.24%

79,444,267

11.61%

5.75%

9.50%

1,581

10.97%

84,393,109

11.28%

9.50%

9.84%

590

4.41%

31,660,945

4.63%

9.50%

9.88%

1,057

7.33%

57,033,766

7.62%

9.84%

10.19%

1,441

10.76%

76,178,493

11.13%

9.88%

10.25%

1,433

9.94%

79,052,076

10.56%

10.19%

10.53%

1,008

7.53%

55,070,270

8.05%

10.25%

10.63%

1,110

7.70%

60,289,589

8.06%

10.53%

10.88%

1,042

7.78%

56,092,955

8.20%

10.63%

11.00%

1,308

9.08%

69,197,038

9.25%

10.88%

11.25%

1,120

8.37%

54,646,725

7.98%

11.00%

11.38%

942

6.54%

47,334,057

6.32%

11.25%

11.72%

1,083

8.09%

54,289,504

7.93%

11.38%

11.80%

1,249

8.67%

61,768,365

8.25%

11.72%

12.19%

1,630

12.18%

88,174,049

12.88%

11.80%

12.22%

1,379

9.57%

78,351,165

10.47%

12.19%

12.66%

1,147

8.57%

56,185,755

8.21%

12.22%

12.64%

1,237

8.58%

62,865,518

8.40%

12.66%

13.13%

982

7.34%

46,405,077

6.78%

12.64%

13.06%

905

6.28%

42,551,069

5.69%

13.13%

13.63%

811

6.06%

38,014,415

5.55%

13.06%

13.50%

910

6.31%

44,655,204

5.97%

13.63%

18.38%

1,028

7.68%

48,262,782

7.05%

13.50%

18.38%

1,301

9.03%

60,929,567

8.14%

13,387

100.00%

684,425,237

100.00%

14,412

100.00%

748,420,526

100.00%

Distribution Date: 25-May-06

Mortgage Loan Characteristics Part I

Distribution by Current Ending Principal Balance

Distribution by Current Mortgage Rate

Distribution by Cut-off Principal Balance

Distribution by Original Mortgage Rate

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

24-May-2006 18:25

Page 21 of 30

13,387

684,425,237

100.00%

256.11

11.30%

14,412

748,420,526

100.00%

261.52

11.32%

13,387

684,425,237

100.00%

14,412

748,420,526

100.00%

7,551

365,629,593

53.42%

256.79

11.22%

8,103

399,063,442

53.32%

262.20

11.24%

3,176

175,468,506

25.64%

257.39

11.25%

3,474

196,658,629

26.28%

262.86

11.28%

1,429

82,373,641

12.04%

247.53

11.62%

1,510

87,484,610

11.69%

252.78

11.65%

1,090

51,816,088

7.57%

258.33

11.38%

1,173

55,598,994

7.43%

263.04

11.42%

6,002,990

0.88%

249.81

12.21%

6,302,570

0.84%

257.90

12.16%

3,134,418

0.46%

305.87

11.66%

3,312,280

0.44%

312.36

11.70%

13,387

684,425,237

100.00%

14,412

748,420,526

100.00%

Total

Distribution by Property Types (Cut-off)

Fixed 2nd Lien

Product Type

Distribution by Property Types (Current)

Total

WAMM

WAC

Distribution by Product Characteristics (Cut-off)

Product Type

# of Loans

Original Principal

Balance

% of

Balance

Distribution by Product Characteristics (Current)

Mortgage Loan Characteristics Part II

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

WAMM

WAC

# of

Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Property Type

# of

Loans

Ending Scheduled

Balance

% of

Balance

Property Type

# of Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Fixed 2nd Lien

Total

SF Unattached Dwelling

PUD

Multifamily

Condo - Low Facility

Condo - High Facility

SF Attached Dwelling

Total

Condo - High Facility

SF Attached Dwelling

SF Unattached Dwelling

PUD

Multifamily

Condo - Low Facility

24-May-2006 18:25

Page 22 of 30

Mortgage Loan Characteristics Part II

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

8,086

459,522,828

67.14%

258.74

10.87%

8,638

500,961,818

66.94%

264.33

10.89%

4,453

180,193,311

26.33%

251.75

12.38%

4,858

198,495,469

26.52%

256.61

12.39%

848

44,709,097

6.53%

246.64

11.30%

916

48,963,239

6.54%

252.75

11.34%

13,387

684,425,237

100.00%

14,412

748,420,526

100.00%

11,659

599,164,013

87.54%

257.28

11.32%

12,562

654,721,549

87.48%

262.86

11.35%

1,472

74,738,754

10.92%

248.63

11.11%

1,580

82,041,906

10.96%

253.13

11.11%

256

10,522,470

1.54%

242.41

11.01%

270

11,657,070

1.56%

245.36

10.96%

13,387

684,425,237

100.00%

14,412

748,420,526

100.00%

Owner Occupied - Secondary Residence

Distribution by Occupancy Type (Current)

Occupancy Type

# of

Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Owner Occupied - Primary Residence

Non-Owner Occupied

Owner Occupied - Primary Residence

Non-Owner Occupied

Distribution by Occupancy Type (Cut-off)

Occupancy Type

# of Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Owner Occupied - Secondary Residence

Total

Distribution by Loan Purpose (Current)

Total

WAMM

WAC

Purchase

Refinance/Equity Takeout

Loan Purpose

# of

Loans

Ending Scheduled

Balance

% of

Balance

Refinance/No Cash Out

Total

Distribution by Loan Purpose (Cut-off)

Loan Purpose

# of Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Purchase

Refinance/Equity Takeout

Refinance/No Cash Out

Total

24-May-2006 18:25

Page 23 of 30

Mortgage Loan Characteristics Part II

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

13,387

684,425,237

100.00%

256.11

11.30%

13,711

707,158,622

94.49%

262.13

11.31%

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Distribution by Originator Concentration > 10% (Current)

Distribution by Originator Concentration > 10% (Cut-off)

Originator

# of

Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Originator

# of Loans

Emc Mortgage Corporation

24-May-2006 18:25

Page 24 of 30

WAMM

WAC

California

1,575

139,001,516

20.31%

259

10.88%

Florida

1,659

80,676,420

11.79%

276

11.66%

Arizona

783

43,772,072

6.40%

249

11.74%

Georgia

1,162

42,197,151

6.17%

273

11.77%

Virginia

577

41,124,748

6.01%

252

11.38%

Ohio

1,236

38,580,698

5.64%

238

11.29%

Nevada

527

31,315,938

4.58%

224

11.42%

Maryland

491

30,582,043

4.47%

265

11.45%

Texas

919

29,435,493

4.30%

260

10.67%

New Jersey

412

26,955,307

3.94%

242

11.38%

Remaining

4,046

180,783,851

26.41%

253

11.26%

WAMM

WAC

California

1,724

152,923,230

20.43%

264

10.90%

Florida

1,806

88,292,599

11.80%

282

11.69%

Arizona

884

50,216,808

6.71%

256

11.75%

Virginia

639

46,166,836

6.17%

258

11.41%

Georgia

1,200

44,107,989

5.89%

278

11.77%

Ohio

1,283

40,215,859

5.37%

245

11.31%

Maryland

563

36,136,834

4.83%

271

11.47%

Nevada

564

33,853,868

4.52%

230

11.45%

Texas

947

30,702,849

4.10%

266

10.69%

New Jersey

447

29,072,097

3.88%

248

11.40%

Remaining

4,355

196,731,556

26.29%

258

11.28%

(1)

Based on Current Period Ending Principal Balance

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Geographic Concentration

Top 10 Current State Concentration

Geographic Distribution

# of

Loans

Scheduled
Balance

(1)

% of

Balance

Top 10 Original State Concentration

Geographic Distribution

# of

Loans

Scheduled
Balance

(1)

% of

Balance

Top 10 Current State Concentration

California

Georgia

Arizona

Florida

New Jersey

Texas

Maryland

Nevada

Ohio

Virginia

Remaining

24-May-2006 18:25

Page 25 of 30

15614262

200605

0.00

280.47

15739380

200605

0.00

23.25

15768184

200605

0.00

12.50

15774751

200605

0.00

13.00

15774815

200605

0.00

13.00

15774885

200605

0.00

13.00

15784830

200605

0.00

13.00

15806940

200605

0.00

10.25

15807044

200605

0.00

13.00

15813745

200605

0.00

10.25

15814119

200605

0.00

10.25

15890665

200605

0.00

13.00

15890939

200605

0.00

13.00

15891263

200605

0.00

13.00

15891281

200605

0.00

13.00

15891638

200605

0.00

13.00

15928510

200605

0.00

12.50

15969662

200605

0.00

2,173.28

Current Total

0.00

(214.51)

Cumulative

300,798.94

269,301.46

31,497.48

30,240.45

C
M
N
O
P

REO
Short Pay
Third Party
Write-off

R
S
T
W

1
2
3
4
5

6
7
8
9

Loss-Loan

Adjusted

Net Liquidation

Proceeds

Disclosure Control #

Period

Loss to Trust

Loss-Loan Non-

adjusted

Adjustment Legend
Escrow Bal/Adv
MREC
Rest'd Escrow
Replacement Res.
Suspense

Third Party
Charged Off/Matured
Side Note
Manual

Liq. Type Code - Legend
Charge-off
Matured
Repurchase
Note Sale
Paid in Full

Current Period Realized Loss Detail

Loss-Certs Non-

adjusted

Subsequent

Recov/(Exp)

Original Liquidation

Balance

Adj Type

Liq Type

Loss-Certs

Adjusted

Distribution Date: 25-May-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

0.00

31,497.48

0.00

(13.00)

0.00

(10.25)

(13.00)

93.23

(23.25)

(12.50)

(13.00)

(10.25)

(13.00)

214.51

1,257.03

(13.00)

(12.50)

330.28

24-May-2006 18:25

Page 26 of 30

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

25-May-06

0.00

423.51

(209.00)

(214.51)

30,240.45

25-Apr-06

69,812.28

43,619.95

26,192.33

0.00

1,042.52

0.00

25,149.81

30,454.96

27-Mar-06

230,986.66

225,681.51

5,305.15

0.00

5,305.15

Total

300,798.94

269,301.46

31,497.48

0.00

1,466.03

(209.00)

30,240.45

Historical Realized Loss Summary

Recovery on Prior

Liquidations

Claims on Prior Liquidations

(Claims)/Recoveries on

Prior Payoffs

- - - - - - - - - - - - - - Previous Liquidations/Payoffs - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - Current Realized Loss - - - - - - - - - - - - - - - - -

Total (All Loans)

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

24-May-2006 18:25

Page 27 of 30

MDR (monthly Default Rate)

Total

Current Period

0.00%

3-Month Average

0.01%

6-Month Average

0.01%

12-Month Average

0.00%

Average Since Cut-Off

0.01%

CDR (Conditional Default Rate)

Total

Current Period

0.00%

3-Month Average

0.17%

6-Month Average

0.08%

12-Month Average

0.04%

Average Since Cut-Off

0.17%

SDA (Standard Default Assumption)

Total

Current Period

0.00%

3-Month Average

5.56%

6-Month Average

2.78%

12-Month Average

1.39%

Average Since Cut-Off

5.56%

MDR

Monthly Default Rate

(Beginning Principal Balance of Liquidated Loans) / (Total Beginning Principal Balance)

CDR

Conditional Default Rate

1 - (1 - MDR)^

SDA

Standard Default Assumption

If WAS=30 then CDR/(WAS*0.02) else if 30<WAS=60 then CDR/0.6 else if 60<WAS=120 then CDR/(0.6-((WAS-60)*0.0095)) else if WAS>120 then CDR/0.03

WAS

Weighted Average Seasoning

(Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Realized Loss Summary

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

0.00%

0.06%

0.11%

0.17%

0.23%

0.29%

0.34%

0.40%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

10%

12%

14%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

24-May-2006 18:25

Page 28 of 30

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Material Breaches Detail

Disclosure Control

Loan Group #

Ending Principal

Balance

Material Breach

Date

Material Breach Description

Material breaches of pool asset representation or warranties or transaction covenants.

24-May-2006 18:25

Page 29 of 30

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 25-May-06

Modified Loan Detail

Disclosure Control

Loan Group #

Modified Maturity

Date

Cutoff Maturity

Date

Modification Description

Modifications include any extensions or waivers to the mortgage loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time.

24-May-2006 18:25

Page 30 of 30

SACO I Trust 2006-3 10-D