Content:

Pages

Contact Information:

5/25/2006

Statement to Certificate Holders

Analyst:

Brian Scheff

714.259.6278

Statement to Certificate Holders (Factors)

brian.scheff@abnamro.com

Pool/Non-Pool Funds Cash Reconciliation

4/25/2006

Administrator:

Megan Olson

312.904.6709

Cash Reconciliation Summary

5-6

megan.olson@abnamro.com

Pool Detail and Performance Indicators

7-9

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

14-15

15 Month Loan Status Summary Part I

16-18

15 Month Loan Status Summary Part II

19-21

15 Month Historical Payoff Summary

22-23

Prepayment Summary

Mortgage Loan Characteristics Part I

Mortgage Loan Characteristics Part II

26-28

1/30/2006

Geographic Concentration

Current Period Realized Loss Detail

Historical Realized Loss Summary

31-33

2/27/2006

Realized Loss Summary

Material Breaches Detail

Modified Loan Detail

7/25/2036

5/15/2006

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

ABN AMRO Acct : 723396.3

Payment Date:

25-May-06

Prior Payment:

25-Apr-06

Next Payment:

26-Jun-06

Record Date:

24-May-06

Depositor: Bear Stearns Asset Backed Securities, Inc.

Distribution Count:

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: ABN AMRO LaSalle Bank N.A.

Closing Date:

30-Jan-06

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

First Pay. Date:

27-Feb-06

Rated Final

Payment Date:

25-Jul-36

Determination

Date:

15-May-06

06-Jun-2006 14:05

I-A

785778PF2

322,839,000.00

290,458,073.92

10,691,638.64

0.00

279,766,435.28

1,248,819.65

0.00

5.1593800000%

I-M

785778PH8

6,124,000.00

0.00

6,124,000.00

29,647.20

0.00

5.8093800000%

I-B-1

785778PK1

8,611,000.00

0.00

8,611,000.00

47,786.60

0.00

6.6593800000%

I-B-2

785778PL9

5,167,000.00

0.00

5,167,000.00

29,965.93

0.00

6.9593800000%

I-B-3

785778PM7

5,741,000.00

0.00

5,741,000.00

37,600.58

0.00

7.8593800000%

I-B-4

785778PR6

5,741,000.00

0.00

5,741,000.00

40,471.08

0.00

8.4593800000%

I-C

785778PV7

382,737,496.87 N

350,356,017.44

0.00

339,664,378.80

1,563,343.08

48,797.32

N/A

II-A

785778PG0

275,735,000.00

251,772,804.80

8,847,348.44

0.00

242,925,456.36

1,082,492.98

0.00

5.1593800000%

II-M

785778PJ4

5,470,000.00

0.00

5,470,000.00

26,253.17

0.00

5.7593800000%

II-B-1

785778PN5

6,757,000.00

0.00

6,757,000.00

37,497.86

0.00

6.6593800000%

II-B-2

785778PP0

4,665,000.00

0.00

4,665,000.00

27,054.59

0.00

6.9593800000%

II-B-3

785778PQ8

4,504,000.00

0.00

4,504,000.00

29,498.87

0.00

7.8593800000%

II-B-4

785778PW5

4,665,000.00

0.00

4,665,000.00

32,885.84

0.00

8.4593800000%

II-C

785778PZ8

321,744,306.63 N

297,781,951.81

0.00

288,934,603.37

1,488,452.88

37,935.14

N/A

I-R-2

785778PT2

0.00

N/A

I-R-1

785778PS4

0.00

N/A

II-R-1

785778PX3

0.00

N/A

I-RX

785778PU9

0.00

N/A

II-RX

785778PY1

0.00

N/A

Total

656,019,000.00

599,675,878.72

19,538,987.08

0.00

580,136,891.64

5,721,770.31

86,732.46

Total P&I Payment

25,260,757.39

Revised Date: 06-Jun-06

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 2006-2

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

06-Jun-2006 14:05

Page 2 of 36

I-A

785778PF2

322,839,000.00

899.699459855

33.117555933

0.000000000

866.581903921

3.868242839

0.000000000

5.28125000%

I-M

785778PH8

6,124,000.00

1000.000000000

0.000000000

1000.000000000

4.841149575

0.000000000

5.93125000%

I-B-1

785778PK1

8,611,000.00

1000.000000000

0.000000000

1000.000000000

5.549483219

0.000000000

6.78125000%

I-B-2

785778PL9

5,167,000.00

1000.000000000

0.000000000

1000.000000000

5.799483259

0.000000000

7.08125000%

I-B-3

785778PM7

5,741,000.00

1000.000000000

0.000000000

1000.000000000

6.549482669

0.000000000

7.98125000%

I-B-4

785778PR6

5,741,000.00

1000.000000000

0.000000000

1000.000000000

7.049482669

0.000000000

8.58125000%

I-C

785778PV7

382,737,496.87 N

915.395069219

0.000000000

887.460417591

4.084635273

0.127495530

N/A

II-A

785778PG0

275,735,000.00

913.097012711

32.086417901

0.000000000

881.010594810

3.925845395

0.000000000

5.28125000%

II-M

785778PJ4

5,470,000.00

1000.000000000

0.000000000

1000.000000000

4.799482633

0.000000000

5.88125000%

II-B-1

785778PN5

6,757,000.00

1000.000000000

0.000000000

1000.000000000

5.549483499

0.000000000

6.78125000%

II-B-2

785778PP0

4,665,000.00

1000.000000000

0.000000000

1000.000000000

5.799483387

0.000000000

7.08125000%

II-B-3

785778PQ8

4,504,000.00

1000.000000000

0.000000000

1000.000000000

6.549482682

0.000000000

7.98125000%

II-B-4

785778PW5

4,665,000.00

1000.000000000

0.000000000

1000.000000000

7.049483387

0.000000000

8.58125000%

II-C

785778PZ8

321,744,306.63 N

925.523608884

0.000000000

898.025535856

4.626198038

0.117904619

N/A

I-R-2

785778PT2

0.00

0.000000000

N/A

I-R-1

785778PS4

0.00

0.000000000

N/A

II-R-1

785778PX3

0.00

0.000000000

N/A

I-RX

785778PU9

0.00

0.000000000

N/A

II-RX

785778PY1

0.00

0.000000000

N/A

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

Revised Date: 06-Jun-06

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 2006-2

Mortgage-Backed Certificates

BOND PAYMENTS

Current Realized

Loss *

Original Face

Value

Class

CUSIP

Beginning Certificate

Balance *

Principal Payment

06-Jun-2006 14:05

Page 3 of 36

Interest Summary

Principal Summary

Reserve Fund

Interest Summary

Principal Summary

Group 1

Scheduled Interest

5,963,644.23

Scheduled Prin Distribution

246,629.08

Beginning Balance

5,000.00

Fees

329,462.77

Curtailments

312,561.64

Withdrawal from Trust

0.00

Remittance Interest

5,634,181.46

Prepayments in Full

18,979,796.36

Reimbursement from Waterfall

0.00

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

0.00

Ending Balance

5,000.00

Prepayment Penalties

86,750.76

Repurchase Proceeds

0.00

Group 2

Other Interest Loss

(18.30)

Other Principal Proceeds

0.00

Beginning Balance

5,000.00

Other Interest Proceeds

856.40

Remittance Principal

19,538,987.08

Withdrawal from Trust

0.00

Non-advancing Interest

0.00

Reimbursement from Waterfall

0.00

Net PPIS/Relief Act Shortfall

0.00

Ending Balance

5,000.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

87,588.86

Insurance Premium

Interest Adjusted

5,721,770.32

Fee Summary

Class I-A Guaranty Insurance Policy

38,727.74

Total Servicing Fees

257,165.32

Class II-A Guaranty Insurance Policy

33,569.71

Total Trustee Fees

0.00

LPMI Fees

0.00

Credit Manager's Fees

0.00

Misc. Fees / Trust Expense

0.00

Insurance Premium

72,297.45

Total Fees

329,462.77

Advances (Principal & Interest)

Prior Month's Outstanding Advances

5,572,968.51

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

5,854,195.98

P&I Due Certificate Holders

25,260,757.40

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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.

06-Jun-2006 14:05

Page 4 of 36

Group 1

Total

Interest Summary

Scheduled Interest

3,123,856.51

Fees

137,148.36

Remittance Interest

2,986,708.15

Other Interest Proceeds/Shortfalls

Prepayment Penalties

48,797.32

Other Interest Loss

0.00

Other Interest Proceeds

856.40

Non-advancing Interest

0.00

Net PPIS/Relief Act Shortfall

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

49,653.72

Interest Adjusted

3,036,361.87

Principal Summary

Scheduled Principal Distribution

152,823.98

Curtailments

102,750.72

Prepayments in Full

10,436,063.94

Liquidation Proceeds

0.00

Repurchase Proceeds

0.00

Other Principal Proceeds

0.00

Less Mod Losses

0.00

Remittance Principal

10,691,638.64

Fee Summary

Total Servicing Fees

137,148.36

Total Trustee Fees

0.00

LPMI Fees

0.00

Total Fees

137,148.36

Beginning Principal Balance

350,356,017.44

Ending Principal Balance

339,664,378.80

Advances (Principal & Interest)

Prior Month's Outstanding Advances

2,815,000.00

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

3,103,555.72

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

Cash Reconciliation Summary Group 1

06-Jun-2006 14:05

Page 5 of 36

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

Group 2

Total

Interest Summary

Scheduled Interest

2,839,787.72

Fees

120,016.96

Remittance Interest

2,719,770.76

Other Interest Proceeds/Shortfalls

Prepayment Penalties

37,953.44

Other Interest Loss

(18.30)

Other Interest Proceeds

0.00

Non-advancing Interest

0.00

Net PPIS/Relief Act Shortfall

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

37,935.14

Interest Adjusted

2,757,705.90

Principal Summary

Scheduled Principal Distribution

93,805.10

Curtailments

209,810.92

Prepayments in Full

8,543,732.42

Liquidation Proceeds

0.00

Repurchase Proceeds

0.00

Other Principal Proceeds

0.00

Less Mod Losses

0.00

Remittance Principal

8,847,348.44

Fee Summary

Total Servicing Fees

120,016.96

Total Trustee Fees

0.00

LPMI Fees

0.00

Total Fees

120,016.96

Beginning Principal Balance

297,781,951.81

Ending Principal Balance

288,934,603.37

Advances (Principal & Interest)

Prior Month's Outstanding Advances

2,757,970.00

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

2,750,640.26

Cash Reconciliation Summary Group 2

06-Jun-2006 14:05

Page 6 of 36

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

704,481,803.50

13,261

3 mo. Rolling Average

8,638,594

647,757,104

1.35%

WAC - Current

10.56%

0.00%

10.56%

Cum Scheduled Principal

986,959.32

6 mo. Rolling Average

6,657,127

656,850,263

1.04%

WAC - Original

10.79%

0.00%

10.79%

Cum Unscheduled Principal

74,895,862.01

12 mo. Rolling Average

6,657,127

656,850,263

1.04%

WAL - Current

248.83

0.00

248.83

Cum Liquidations

0.00

Loss Levels

Amount

Count

WAL - Original

251.42

0.00

251.42

Cum Deferred Interest

0.00

3 mo. Cum Loss

0.00

6 mo. Cum loss

0.00

Current Index Rate

Current

Amount

Count

12 mo. Cum Loss

0.00

Next Index Rate

Beginning Pool

648,137,969.25

12,397

92.00%

Scheduled Principal

246,629.08

0.04%

Triggers

Unscheduled Principal

19,292,358.00

290

2.74%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

8,638,593.81

647,757,104

1.35%

Repurchases

0.00

0.00%

Ending Pool

628,598,982.17

12,108

89.23%

> Loss Trigger Event?

(3)

Average Loan Balance

51,916.00

Cumulative Loss

0.00%

Current Loss Detail

Amount

> Overall Trigger Event?

Liquidation

0.00

Pool Composition

Realized Loss

0.00

Step Down Date

Realized Loss Adjustment

0.00

Distribution Count

Properties

%/Score

Net Liquidation

0.00

Current Specified Enhancement %

(4)

N/A

Cut-off LTV

20.37%

Step Down %

(5)

N/A

Cash Out/Refinance

12.28%

Credit Enhancement

Amount

Delinquent Event Threshold %

(6)

N/A

SFR

54.27%

Original OC

48,462,803.50

6.88%

> Step Down Date?

Target OC

48,462,090.53

6.88%

Min

Max

Beginning OC

48,462,090.53

Extra Principal

0.00

FICO

551

819

693.55

OC Amount per PSA

48,462,090.53

6.88%

Cumulative Extra Principal

0.00

Ending OC

48,462,090.53

OC Release

N/A

Non-Senior Certificates

57,445,000.00

8.15%

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

Pool Detail and Performance Indicators Total (All Loans)

Misc/Additional Information

Pool Level Information

4.959380%

5.081250%

Balance

143,533,514.08

86,525,057.36

382,303,972.39

Owner Occupied

506,433,480.95

71.89%

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)

06-Jun-2006 14:05

Page 7 of 36

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

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

382,737,496.87

7,274

3 mo. Rolling Average

4,788,453

350,019,542

1.38%

WAC - Current

10.23%

0.00%

10.23%

Cum Scheduled Principal

615,574.13

6 mo. Rolling Average

3,731,815

354,998,724

1.07%

WAC - Original

10.44%

0.00%

10.44%

Cum Unscheduled Principal

42,457,543.94

12 mo. Rolling Average

3,731,815

354,998,724

1.07%

WAL - Current

220.24

0.00

220.24

Cum Liquidations

0.00

Loss Levels

Amount

Count

WAL - Original

221.28

0.00

221.28

Cum Deferred Interest

0.00

3 mo. Cum Loss

0.00

6 mo. Cum loss

0.00

Current Index Rate

Current

Amount

Count

12 mo. Cum Loss

0.00

Next Index Rate

Beginning Pool

350,356,017.44

6,802

91.54%

Scheduled Principal

152,823.98

0.04%

Triggers

Unscheduled Principal

10,538,814.66

162

2.75%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

4,788,452.63

350,019,542

1.38%

Repurchases

0.00

0.00%

Ending Pool

339,664,378.80

6,641

88.75%

> Loss Trigger Event?

(3)

Average Loan Balance

51,146.57

Cumulative Loss

N/A

Current Loss Detail

Amount

> Overall Trigger Event?

Liquidation

0.00

Pool Composition

Realized Loss

0.00

Step Down Date

Realized Loss Adjustment

0.00

Distribution Count

Properties

%/Score

Net Liquidation

0.00

Current Specified Enhancement %

(4)

17.63%

Cut-off LTV

20.45%

Step Down %

(5)

31.30%

Cash Out/Refinance

15.39%

Credit Enhancement

Amount

Delinquent Event Threshold %

(6)

7.00%

SFR

56.12%

Original OC

28,514,496.87

7.45%

> Step Down Date?

Target OC

28,513,900.00

7.45%

Min

Max

Beginning OC

28,513,943.52

Extra Principal

0.00

FICO

551

819

684.82

OC Amount per PSA

28,513,943.52

7.45%

Cumulative Extra Principal

0.00

Ending OC

28,513,943.52

OC Release

N/A

Non-Senior Certificates

31,384,000.00

8.20%

Pool Detail and Performance Indicators Group 1

Misc/Additional Information

Pool Level Information

N/A

Balance

78,272,896.41

58,900,712.75

214,806,248.94

Owner Occupied

296,928,771.55

77.58%

06-Jun-2006 14:05

Page 8 of 36

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

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

321,744,306.63

5,987

3 mo. Rolling Average

3,850,141

297,737,562

1.31%

WAC - Current

10.95%

0.00%

10.95%

Cum Scheduled Principal

371,385.19

6 mo. Rolling Average

2,925,312

301,851,539

0.99%

WAC - Original

11.21%

0.00%

11.21%

Cum Unscheduled Principal

32,438,318.07

12 mo. Rolling Average

2,925,312

301,851,539

0.99%

WAL - Current

282.41

0.00

282.41

Cum Liquidations

0.00

Loss Levels

Amount

Count

WAL - Original

286.83

0.00

286.83

Cum Deferred Interest

0.00

3 mo. Cum Loss

0.00

6 mo. Cum loss

0.00

Current Index Rate

Current

Amount

Count

12 mo. Cum Loss

0.00

Next Index Rate

Beginning Pool

297,781,951.81

5,595

92.55%

Scheduled Principal

93,805.10

0.03%

Triggers

Unscheduled Principal

8,753,543.34

128

2.72%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

3,850,141.17

297,737,562

1.31%

Repurchases

0.00

0.00%

Ending Pool

288,934,603.37

5,467

89.80%

> Loss Trigger Event?

(3)

Average Loan Balance

52,850.67

Cumulative Loss

N/A

Current Loss Detail

Amount

> Overall Trigger Event?

Liquidation

0.00

Pool Composition

Realized Loss

0.00

Step Down Date

Realized Loss Adjustment

0.00

Distribution Count

Properties

%/Score

Net Liquidation

0.00

Current Specified Enhancement %

(4)

15.92%

Cut-off LTV

20.28%

Step Down %

(5)

28.60%

Cash Out/Refinance

8.59%

Credit Enhancement

Amount

Delinquent Event Threshold %

(6)

7.00%

SFR

52.06%

Original OC

19,948,306.63

6.20%

> Step Down Date?

Target OC

19,948,100.00

6.20%

Min

Max

Beginning OC

19,948,147.01

Extra Principal

0.00

FICO

583

818

703.85

OC Amount per PSA

19,948,147.01

6.20%

Cumulative Extra Principal

0.00

Ending OC

19,948,147.01

OC Release

N/A

Non-Senior Certificates

26,061,000.00

8.10%

Pool Detail and Performance Indicators Group 2

Misc/Additional Information

Pool Level Information

N/A

Balance

65,260,617.67

27,624,344.61

167,497,723.45

Owner Occupied

209,504,709.40

65.12%

06-Jun-2006 14:05

Page 9 of 36

I-A

Act/360

290,458,073.92

5.159380000%

1,248,819.65

0.00

1,248,819.65

0.00

I-M

Act/360

6,124,000.00

5.809380000%

29,647.20

0.00

29,647.20

0.00

I-B-1

Act/360

8,611,000.00

6.659380000%

47,786.60

0.00

47,786.60

0.00

I-B-2

Act/360

5,167,000.00

6.959380000%

29,965.93

0.00

29,965.93

0.00

I-B-3

Act/360

5,741,000.00

7.859380000%

37,600.58

0.00

37,600.58

0.00

I-B-4

Act/360

5,741,000.00

8.459380000%

40,471.08

0.00

40,471.08

0.00

I-C

30/360

350,356,017.44

5.187450000%

1,514,545.76

48,797.32

0.00

1,563,343.08

0.00

II-A

Act/360

251,772,804.80

5.159380000%

1,082,492.98

0.00

1,082,492.98

0.00

II-M

Act/360

5,470,000.00

5.759380000%

26,253.17

0.00

26,253.17

0.00

II-B-1

Act/360

6,757,000.00

6.659380000%

37,497.86

0.00

37,497.86

0.00

II-B-2

Act/360

4,665,000.00

6.959380000%

27,054.59

0.00

27,054.59

0.00

II-B-3

Act/360

4,504,000.00

7.859380000%

29,498.87

0.00

29,498.87

0.00

II-B-4

Act/360

4,665,000.00

8.459380000%

32,885.84

0.00

32,885.84

0.00

II-C

30/360

297,781,951.81

5.845290000%

1,450,517.74

37,953.44

0.00

1,488,471.18

1,488,452.88

0.00

I-R-1

0.00

0.000000000%

0.00

II-R-1

0.00

0.000000000%

0.00

I-RX

0.00

0.000000000%

0.00

II-RX

0.00

0.000000000%

0.00

Total

599,675,878.72

5,635,037.85

86,750.76

0.00

5,721,788.61

5,721,770.31

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

Revised Date: 06-Jun-06

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 2006-2

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

06-Jun-2006 14:05

Page 10 of 36

I-A

24-May-06

25-Apr-06

25-May-06

0.00

I-M

24-May-06

25-Apr-06

25-May-06

0.00

I-B-1

24-May-06

25-Apr-06

25-May-06

0.00

I-B-2

24-May-06

25-Apr-06

25-May-06

0.00

I-B-3

24-May-06

25-Apr-06

25-May-06

0.00

I-B-4

24-May-06

25-Apr-06

25-May-06

0.00

I-C

24-May-06

1-Apr-06

1-May-06

0.00

48,797.32

0.00

II-A

24-May-06

25-Apr-06

25-May-06

0.00

II-M

24-May-06

25-Apr-06

25-May-06

0.00

II-B-1

24-May-06

25-Apr-06

25-May-06

0.00

II-B-2

24-May-06

25-Apr-06

25-May-06

0.00

II-B-3

24-May-06

25-Apr-06

25-May-06

0.00

II-B-4

24-May-06

25-Apr-06

25-May-06

0.00

II-C

24-May-06

1-Apr-06

1-May-06

0.00

37,953.44

0.00

I-R-1

24-May-06

1-Apr-06

1-May-06

0.00

II-R-1

24-May-06

1-Apr-06

1-May-06

0.00

I-RX

24-May-06

1-Apr-06

1-May-06

0.00

II-RX

24-May-06

1-Apr-06

1-May-06

0.00

Total

0.00

86,750.76

0.00

Prior Interest Due

Date

Current Interest

Due Date

Prior Shortfall

Reimbursement

Other Interest

Proceeds

(1)

Revised Date: 06-Jun-06

Class

Interest Rate

SWAP Agreement

Deposits from YM

Agreement

Prior Int Carry-Fwd

Shortfall

Distribution Date: 25-May-06

Mortgage-Backed Certificates

Series 2006-2

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

06-Jun-2006 14:05

Page 11 of 36

I-A

322,839,000.00

290,458,073.92

152,823.98

10,538,814.66

0.00

279,766,435.28

25-Jun-36

N/A

I-M

6,124,000.00

0.00

6,124,000.00

25-Jun-36

N/A

I-B-1

8,611,000.00

0.00

8,611,000.00

25-Jun-36

N/A

I-B-2

5,167,000.00

0.00

5,167,000.00

25-Jun-36

N/A

I-B-3

5,741,000.00

0.00

5,741,000.00

25-Jun-36

N/A

I-B-4

5,741,000.00

0.00

5,741,000.00

25-Jun-36

N/A

I-C

382,737,496.87

350,356,017.44

0.00

339,664,378.80

25-Jun-36

N/A

II-A

275,735,000.00

251,772,804.80

93,805.10

8,753,543.34

0.00

242,925,456.36

25-Jul-36

N/A

II-M

5,470,000.00

0.00

5,470,000.00

25-Jul-36

N/A

II-B-1

6,757,000.00

0.00

6,757,000.00

25-Jul-36

N/A

II-B-2

4,665,000.00

0.00

4,665,000.00

25-Jul-36

N/A

II-B-3

4,504,000.00

0.00

4,504,000.00

25-Jul-36

N/A

II-B-4

4,665,000.00

0.00

4,665,000.00

25-Jul-36

N/A

II-C

321,744,306.63

297,781,951.81

0.00

288,934,603.37

25-Jul-36

N/A

I-R-1

0.00

25-Jul-36

N/A

II-R-1

0.00

25-Jul-36

N/A

I-RX

0.00

25-Jun-36

N/A

II-RX

0.00

25-Jul-36

N/A

Total

656,019,000.00

599,675,878.72

246,629.08

19,292,358.00

0.00

580,136,891.64

Cumulative

Losses

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

Extra

Principal
Payment

Prior
Loss

Reimburs.

Bond Principal Reconciliation

Unscheduled

Principal
Payment

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

06-Jun-2006 14:05

Page 12 of 36

Class

CUSIP

Fitch

Moody's

S&P

I-A

785778PF2

Aaa

AAA

I-M

785778PH8

A-

I-B-1

785778PK1

Baa1

BBB+

I-B-2

785778PL9

Baa2

BBB

I-B-3

785778PM7

Baa3

BBB-

I-B-4

785778PR6

Ba1

BB+

I-C

785778PV7

II-A

785778PG0

Aaa

AAA

II-M

785778PJ4

A-

II-B-1

785778PN5

Baa1

BBB+

II-B-2

785778PP0

Baa2

BBB

II-B-3

785778PQ8

Baa3

BBB-

II-B-4

785778PW5

Ba1

BB+

II-C

785778PZ8

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

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

06-Jun-2006 14:05

Page 13 of 36

Type

Count

Count (%)

Scheduled UPB

Sched UPB (%)

Arrears

Arrears (%)

REO Book Value

11912

96.0878%

616,777,079.25

96.6469%

0.00

0.0000%

0.00

150

1.2100%

8,411,856.17

1.3181%

0.00

0.0000%

0.00

0.6615%

5,615,930.61

0.8800%

0.00

0.0000%

0.00

90+

0.7582%

6,915,120.74

1.0836%

0.00

0.0000%

0.00

BKY0

0.0645%

203,018.59

0.0318%

0.00

0.0000%

0.00

BKY30

0.0161%

167,352.30

0.0262%

0.00

0.0000%

0.00

BKY60

0.0161%

55,674.87

0.0087%

0.00

0.0000%

0.00

BKY90+

0.0081%

29,940.94

0.0047%

0.00

0.0000%

0.00

PIF

146

1.1777%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

12397

100.0000%

638,175,973.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

331

2.6700%

21,195,875.00

3.3213%

0.00

0.0000%

0.00

6485

95.3396%

331,566,790.92

96.2077%

0.00

0.0000%

0.00

110

1.6172%

6,104,562.76

1.7713%

0.00

0.0000%

0.00

0.7939%

3,168,021.53

0.9192%

0.00

0.0000%

0.00

90+

0.8968%

3,568,683.75

1.0355%

0.00

0.0000%

0.00

BKY0

0.0882%

154,383.76

0.0448%

0.00

0.0000%

0.00

BKY30

0.0147%

18,480.86

0.0054%

0.00

0.0000%

0.00

BKY60

0.0294%

55,674.87

0.0162%

0.00

0.0000%

0.00

PIF

1.2202%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

6802

100.0000%

344,636,598.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

228

3.3520%

12,915,423.00

3.7475%

0.00

0.0000%

0.00

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

End of Month Balance Reporting

F/C Quick Sale

Value

Total

Group 1

06-Jun-2006 14:05

Page 14 of 36

Type

Count

Count (%)

Scheduled UPB

Sched UPB (%)

Arrears

Arrears (%)

REO Book Value

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

End of Month Balance Reporting

F/C Quick Sale

Value

5427

96.9973%

285,210,288.33

97.1625%

0.00

0.0000%

0.00

0.7149%

2,307,293.41

0.7860%

0.00

0.0000%

0.00

0.5004%

2,447,909.08

0.8339%

0.00

0.0000%

0.00

90+

0.5898%

3,346,436.99

1.1400%

0.00

0.0000%

0.00

BKY0

0.0357%

48,634.83

0.0166%

0.00

0.0000%

0.00

BKY30

0.0179%

148,871.44

0.0507%

0.00

0.0000%

0.00

BKY90+

0.0179%

29,940.94

0.0102%

0.00

0.0000%

0.00

PIF

1.1260%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

5595

100.0000%

293,539,375.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

103

1.8409%

8,280,451.00

2.8209%

0.00

0.0000%

0.00

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

Group 2

06-Jun-2006 14:05

Page 15 of 36

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-May-06

11,772

607,513,174

148

8,298,173

5,416,528

6,915,121

455,987

25-Apr-06

12,122

630,686,498

139

8,684,444

5,553,669

2,850,420

287,289

75,650

27-Mar-06

12,461

652,867,772

162

9,305,470

4,070,542

118,191

172,385

27-Feb-06

12,806

675,107,550

144

8,309,462

485,575

77,834

149,318

25-May-06

97.22%

96.65%

1.22%

1.32%

0.67%

0.86%

0.78%

1.10%

0.11%

0.07%

0.00%

25-Apr-06

97.78%

97.31%

1.12%

1.34%

0.67%

0.86%

0.33%

0.44%

0.09%

0.04%

0.01%

0.00%

27-Mar-06

98.16%

97.95%

1.28%

1.40%

0.50%

0.61%

0.02%

0.05%

0.03%

0.00%

27-Feb-06

98.78%

98.68%

1.11%

1.21%

0.06%

0.07%

0.01%

0.04%

0.02%

0.00%

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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.

06-Jun-2006 14:05

Page 16 of 36

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

6,409

326,867,027

109

6,031,509

2,968,619

3,568,684

228,539

25-Apr-06

6,611

340,145,033

100

5,434,812

2,620,313

1,871,512

208,697

75,650

27-Mar-06

6,793

351,934,706

104

5,280,180

2,558,066

118,191

147,086

27-Feb-06

6,979

363,480,782

117

5,893,585

360,050

77,834

124,019

25-May-06

96.51%

96.23%

1.64%

1.78%

0.80%

0.87%

0.92%

1.05%

0.14%

0.07%

0.00%

25-Apr-06

97.19%

97.09%

1.47%

1.55%

0.71%

0.75%

0.50%

0.53%

0.12%

0.06%

0.01%

0.02%

0.00%

27-Mar-06

97.68%

97.75%

1.50%

1.47%

0.72%

0.71%

0.03%

0.07%

0.04%

0.00%

27-Feb-06

98.20%

98.25%

1.65%

1.59%

0.08%

0.10%

0.01%

0.02%

0.06%

0.03%

0.00%

Group 1

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

06-Jun-2006 14:05

Page 17 of 36

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

5,363

280,646,147

2,266,663

2,447,909

3,346,437

227,447

25-Apr-06

5,511

290,541,465

3,249,632

2,933,356

978,908

78,591

27-Mar-06

5,668

300,933,066

4,025,290

1,512,476

25,299

27-Feb-06

5,827

311,626,768

2,415,877

125,526

25,299

25-May-06

98.10%

97.13%

0.71%

0.78%

0.51%

0.85%

0.60%

1.16%

0.07%

0.08%

0.00%

25-Apr-06

98.50%

97.57%

0.70%

1.09%

0.63%

0.99%

0.13%

0.33%

0.05%

0.03%

0.00%

27-Mar-06

98.75%

98.18%

1.01%

1.31%

0.23%

0.49%

0.00%

0.02%

0.01%

0.00%

27-Feb-06

99.49%

99.18%

0.46%

0.77%

0.03%

0.04%

0.00%

0.02%

0.01%

0.00%

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Group 2

06-Jun-2006 14:05

Page 18 of 36

Balance

25-May-06

203,019

167,352

55,675

29,941

25-Apr-06

75,650

201,673

27,933

27,742

29,941

27-Mar-06

172,385

27-Feb-06

149,318

25-May-06

0.00%

0.07%

0.03%

0.02%

0.03%

0.02%

0.01%

0.00%

25-Apr-06

0.00%

0.01%

0.00%

0.06%

0.03%

0.01%

0.00%

0.01%

0.00%

0.01%

0.00%

27-Mar-06

0.00%

0.05%

0.03%

0.00%

27-Feb-06

0.00%

0.04%

0.02%

0.00%

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

06-Jun-2006 14:05

Page 19 of 36

Balance

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

154,384

18,481

55,675

25-Apr-06

75,650

153,022

27,933

27,742

27-Mar-06

147,086

27-Feb-06

124,019

25-May-06

0.00%

0.09%

0.05%

0.02%

0.01%

0.03%

0.02%

0.00%

25-Apr-06

0.00%

0.01%

0.02%

0.00%

0.09%

0.04%

0.01%

0.00%

27-Mar-06

0.00%

0.07%

0.04%

0.00%

27-Feb-06

0.00%

0.06%

0.03%

0.00%

Group 1

06-Jun-2006 14:05

Page 20 of 36

Balance

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

48,635

148,871

29,941

25-Apr-06

48,651

29,941

27-Mar-06

25,299

27-Feb-06

25,299

25-May-06

0.00%

0.04%

0.02%

0.05%

0.00%

0.02%

0.01%

25-Apr-06

0.00%

0.04%

0.02%

0.00%

0.02%

0.01%

27-Mar-06

0.00%

0.02%

0.01%

0.00%

27-Feb-06

0.00%

0.02%

0.01%

0.00%

Group 2

06-Jun-2006 14:05

Page 21 of 36

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

25-May-06

12,108 628,598,982

290

18,979,796

0.00

249

11.08%

10.66%

25-Apr-06

12,397 648,137,969

297

17,688,496

0.00

250

11.30%

10.79%

27-Mar-06

12,694 666,534,360

270

17,029,275

0.00

251

11.31%

10.79%

27-Feb-06

12,964 684,129,740

296

19,412,631

0.00

252

11.31%

10.80%

25-May-06

6,641

339,664,379

162

10,436,064

0.00

221

10.74%

10.23%

25-Apr-06

6,802

350,356,017

152

9,301,550

0.00

221

10.95%

10.43%

27-Mar-06

6,954

360,038,229

153

9,636,306

0.00

221

10.95%

10.43%

27-Feb-06

7,107

369,936,270

167

12,370,502

0.00

222

10.96%

10.44%

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Realized Losses

Distribution Date: 25-May-06

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

Curr Weighted Avg.

Total (All Loans)

Group 1

Distribution

Date

Ending Pool

Payoffs

06-Jun-2006 14:05

Page 22 of 36

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

5,467

288,934,603

128

8,543,732

0.00

283

11.47%

10.96%

25-Apr-06

5,595

297,781,952

145

8,386,946

0.00

284

11.72%

11.20%

27-Mar-06

5,740

306,496,132

117

7,392,969

0.00

285

11.74%

11.22%

27-Feb-06

5,857

314,193,470

129

7,042,129

0.00

287

11.74%

11.22%

Group 2

06-Jun-2006 14:05

Page 23 of 36

SMM (Single Monthly Mortality)

Total

Current Period

2.93%

3-Month Average

2.69%

6-Month Average

2.71%

12-Month Average

2.71%

Average Since Cut-Off

2.71%

CPR (Conditional Prepayment Rate)

Total

Current Period

30.01%

3-Month Average

27.90%

6-Month Average

28.05%

12-Month Average

28.05%

Average Since Cut-Off

28.05%

PSA (Public Securities Association)

Total

Current Period

500%

3-Month Average

465%

6-Month Average

468%

12-Month Average

468%

Average Since Cut-Off

468%

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)

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

Prepayment Summary

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

229%

457%

686%

914%

1143%

1371%

1600%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

06-Jun-2006 14:05

Page 24 of 36

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

19,000

1,240

10.24%

18,135,555

2.89%

19,000

1,318

9.94%

19,374,679

2.75%

19,000

23,000

859

7.09%

18,163,831

2.89%

19,000

23,000

913

6.88%

19,312,030

2.74%

23,000

27,000

1,120

9.25%

28,118,078

4.47%

23,000

27,000

1,195

9.01%

30,063,192

4.27%

27,000

31,000

961

7.94%

27,913,915

4.44%

27,000

31,000

1,021

7.70%

29,698,259

4.22%

31,000

35,000

957

7.90%

31,626,627

5.03%

31,000

35,000

1,030

7.77%

34,058,558

4.83%

35,000

39,000

860

7.10%

31,805,345

5.06%

35,000

40,000

1,160

8.75%

43,567,360

6.18%

39,000

51,000

1,878

15.51%

83,994,170

13.36%

40,000

52,000

2,006

15.13%

92,091,962

13.07%

51,000

63,000

1,279

10.56%

72,292,714

11.50%

52,000

64,000

1,359

10.25%

78,436,384

11.13%

63,000

75,000

889

7.34%

61,234,794

9.74%

64,000

76,000

968

7.30%

67,782,831

9.62%

75,000

87,000

552

4.56%

44,546,218

7.09%

76,000

88,000

589

4.44%

48,272,673

6.85%

87,000

97,000

319

2.63%

29,244,845

4.65%

88,000

100,000

416

3.14%

39,195,621

5.56%

97,000

523,000

1,194

9.86%

181,522,890

28.88%

100,000

525,000

1,286

9.70%

202,628,253

28.76%

12,108

100.00%

628,598,982

100.00%

13,261

100.00%

704,481,804

100.00%

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

4.88%

9.38%

1,279

10.56%

64,871,383

10.32%

4.88%

9.38%

1,359

10.25%

71,145,383

10.10%

9.38%

9.77%

953

7.87%

50,290,006

8.00%

9.38%

9.77%

1,023

7.71%

55,806,233

7.92%

9.77%

10.16%

1,140

9.42%

57,990,087

9.23%

9.77%

10.16%

1,225

9.24%

64,363,739

9.14%

10.16%

10.55%

809

6.68%

42,742,542

6.80%

10.16%

10.55%

872

6.58%

46,880,110

6.65%

10.55%

10.94%

892

7.37%

55,167,216

8.78%

10.55%

10.94%

968

7.30%

60,154,062

8.54%

10.94%

11.38%

1,174

9.70%

62,591,338

9.96%

10.94%

11.38%

1,290

9.73%

69,697,182

9.89%

11.38%

11.80%

996

8.23%

50,386,987

8.02%

11.38%

11.80%

1,095

8.26%

57,039,380

8.10%

11.80%

12.22%

1,142

9.43%

64,475,335

10.26%

11.80%

12.22%

1,264

9.53%

74,488,522

10.57%

12.22%

12.64%

1,137

9.39%

56,554,497

9.00%

12.22%

12.64%

1,267

9.55%

64,683,308

9.18%

12.64%

13.06%

794

6.56%

35,062,219

5.58%

12.64%

13.06%

884

6.67%

39,775,534

5.65%

13.06%

13.50%

805

6.65%

40,181,051

6.39%

13.06%

13.50%

903

6.81%

45,623,931

6.48%

13.50%

18.00%

987

8.15%

48,286,321

7.68%

13.50%

18.00%

1,111

8.38%

54,824,420

7.78%

12,108

100.00%

628,598,982

100.00%

13,261

100.00%

704,481,804

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

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

06-Jun-2006 14:05

Page 25 of 36

12,108

628,598,982

100.00%

249.16

11.29%

13,261

704,481,803

100.00%

255.26

11.31%

12,108

628,598,982

100.00%

13,261

704,481,803

100.00%

6,838

340,584,866

54.18%

247.31

11.21%

7,444

379,065,146

53.81%

253.72

11.24%

3,134

168,679,323

26.83%

249.10

11.22%

3,483

192,523,347

27.33%

255.42

11.25%

1,040

64,939,777

10.33%

258.56

11.70%

1,122

71,585,648

10.16%

262.50

11.68%

955

44,558,866

7.09%

248.16

11.44%

1,059

50,758,424

7.21%

254.18

11.45%

6,913,558

1.10%

243.23

12.00%

7,310,412

1.04%

250.02

11.99%

2,922,592

0.46%

287.05

11.29%

3,238,826

0.46%

295.37

11.42%

12,108

628,598,982

100.00%

13,261

704,481,804

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

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

06-Jun-2006 14:05

Page 26 of 36

Mortgage Loan Characteristics Part II

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

7,224

413,447,969

65.77%

244.41

10.92%

7,850

461,950,671

65.57%

250.38

10.94%

4,145

176,464,692

28.07%

259.11

12.14%

4,576

198,048,323

28.11%

265.57

12.16%

739

38,686,322

6.15%

254.48

11.35%

835

44,482,810

6.31%

260.11

11.38%

12,108

628,598,982

100.00%

13,261

704,481,804

100.00%

10,680

552,315,667

87.86%

250.71

11.32%

11,704

617,956,746

87.72%

257.09

11.35%

1,139

63,730,391

10.14%

238.63

11.23%

1,246

72,671,377

10.32%

242.95

11.19%

289

12,552,924

2.00%

234.37

10.35%

311

13,853,681

1.97%

238.51

10.42%

12,108

628,598,982

100.00%

13,261

704,481,804

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

06-Jun-2006 14:05

Page 27 of 36

Mortgage Loan Characteristics Part II

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

1,358

89,645,571

14.26%

171.98

11.09%

1,590

108,622,424

15.42%

180.60

11.09%

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

American Home Mortgage

06-Jun-2006 14:05

Page 28 of 36

WAMM

WAC

California

1,173

115,318,877

18.35%

222

11.01%

Florida

1,334

68,998,999

10.98%

260

12.02%

Arizona

952

49,993,971

7.95%

250

11.49%

Virginia

613

42,977,577

6.84%

250

11.21%

Georgia

1,037

38,074,397

6.06%

290

11.78%

Maryland

573

34,304,237

5.46%

253

11.19%

Nevada

512

29,272,319

4.66%

206

11.33%

Texas

959

28,948,374

4.61%

248

10.76%

Minnesota

530

24,639,192

3.92%

329

9.94%

Illinois

434

21,148,499

3.36%

247

11.21%

Remaining

3,991

174,922,541

27.83%

249

11.33%

WAMM

WAC

California

1,331

131,973,385

18.73%

229

11.06%

Florida

1,487

78,221,527

11.10%

267

12.00%

Arizona

1,112

59,228,593

8.41%

256

11.51%

Virginia

699

50,008,368

7.10%

257

11.27%

Georgia

1,076

39,665,673

5.63%

298

11.80%

Maryland

639

39,420,069

5.60%

261

11.22%

Nevada

555

32,179,890

4.57%

214

11.34%

Texas

983

30,259,927

4.30%

255

10.79%

Minnesota

552

25,789,018

3.66%

335

9.93%

Illinois

488

25,209,048

3.58%

251

11.26%

Remaining

4,339

192,526,306

27.33%

255

11.35%

(1)

Based on Current Period Ending Principal Balance

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

Virginia

Arizona

Florida

Illinois

Minnesota

Texas

Nevada

Maryland

Georgia

Remaining

06-Jun-2006 14:05

Page 29 of 36

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

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

06-Jun-2006 14:05

Page 30 of 36

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

25-Apr-06

0.00

27-Mar-06

0.00

27-Feb-06

0.00

Total

0.00

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)

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

06-Jun-2006 14:05

Page 31 of 36

Historical Realized Loss Summary

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

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

25-Apr-06

0.00

27-Mar-06

0.00

27-Feb-06

0.00

Total

0.00

Group 1

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

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

Claims on Prior Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

06-Jun-2006 14:05

Page 32 of 36

Historical Realized Loss Summary

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

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

25-Apr-06

0.00

27-Mar-06

0.00

27-Feb-06

0.00

Total

0.00

Group 2

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

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

Claims on Prior Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

06-Jun-2006 14:05

Page 33 of 36

MDR (monthly Default Rate)

Total

Current Period

0.00%

3-Month Average

0.00%

6-Month Average

0.00%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

CDR (Conditional Default Rate)

Total

Current Period

0.00%

3-Month Average

0.00%

6-Month Average

0.00%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

SDA (Standard Default Assumption)

Total

Current Period

0.00%

3-Month Average

0.00%

6-Month Average

0.00%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

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)

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 25-May-06

Realized Loss Summary

0.00%

0.57%

1.14%

1.71%

2.29%

2.86%

3.43%

4.00%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

0.00%

4.29%

8.57%

12.86%

17.14%

21.43%

25.71%

30.00%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

143%

286%

429%

571%

714%

857%

1000%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

06-Jun-2006 14:05

Page 34 of 36

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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.

06-Jun-2006 14:05

Page 35 of 36

Revised Date: 06-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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.

06-Jun-2006 14:05

Page 36 of 36

SACO I Trust 2006-2 10-D