Content:

Pages

Contact Information:

2/27/2006

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

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

3/27/2006

Bond Interest Reconciliation Part II

Bond Principal Reconciliation

Outside Parties To The Transaction

Rating Information

2/24/2006

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

2/15/2006

Determination

Date:

15-Feb-06

First Pay. Date:

27-Feb-06

Rated Final

Payment Date:

25-Jul-36

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

Record Date:

24-Feb-06

Depositor: Bear Stearns Asset Backed Securities, Inc.

Distribution Count:

Underwriter: Bear Stearns & Co. Inc.

Prior Payment:

N/A

Next Payment:

27-Mar-06

ABN AMRO Acct : 723396.3

Payment Date:

27-Feb-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

I-A

785778PF2

322,839,000.00

12,800,673.48

0.00

310,038,326.52

1,197,732.69

0.00

4.7700000000%

I-M

785778PH8

6,124,000.00

0.00

6,124,000.00

25,816.06

0.00

5.4200000000%

I-B-1

785778PK1

8,611,000.00

0.00

8,611,000.00

41,992.98

0.00

6.2700000000%

I-B-2

785778PL9

5,167,000.00

0.00

5,167,000.00

26,403.37

0.00

6.5700000000%

I-B-3

785778PM7

5,741,000.00

0.00

5,741,000.00

33,355.21

0.00

7.4700000000%

I-B-4

785778PR6

5,741,000.00

0.00

5,741,000.00

36,034.34

0.00

8.0700000000%

I-C

785778PV7

382,737,496.87 N

382,737,497.87

0.00

369,936,270.04

1,958,327.61

26,216.63

N/A

II-A

785778PG0

275,735,000.00

7,550,677.38

0.00

268,184,322.62

1,022,976.85

0.00

4.7700000000%

II-M

785778PJ4

5,470,000.00

0.00

5,470,000.00

22,846.37

0.00

5.3700000000%

II-B-1

785778PN5

6,757,000.00

0.00

6,757,000.00

32,951.64

0.00

6.2700000000%

II-B-2

785778PP0

4,665,000.00

0.00

4,665,000.00

23,838.15

0.00

6.5700000000%

II-B-3

785778PQ8

4,504,000.00

0.00

4,504,000.00

26,168.24

0.00

7.4700000000%

II-B-4

785778PW5

4,665,000.00

0.00

4,665,000.00

29,280.65

0.00

8.0700000000%

II-C

785778PZ8

321,744,306.63 N

321,744,306.63

0.00

314,193,469.63

1,825,669.52

5,425.94

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

20,351,350.86

0.00

635,667,649.14

6,303,393.68

31,642.57

Total P&I Payment

26,654,744.54

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

BOND PAYMENTS

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 27-Feb-06

Pass-Through

Rate

Deferred Interest

Ending Certificate

Balance

Interest Payment

(2)

19-Jun-2006 08:57

Page 2 of 36

I-A

785778PF2

322,839,000.00

1000.000000000

39.650331837

0.000000000

960.349668163

3.710000000

0.000000000

4.78063000%

I-M

785778PH8

6,124,000.00

1000.000000000

0.000000000

1000.000000000

4.215555193

0.000000000

5.43063000%

I-B-1

785778PK1

8,611,000.00

1000.000000000

0.000000000

1000.000000000

4.876667054

0.000000000

6.28063000%

I-B-2

785778PL9

5,167,000.00

1000.000000000

0.000000000

1000.000000000

5.110000000

0.000000000

6.58063000%

I-B-3

785778PM7

5,741,000.00

1000.000000000

0.000000000

1000.000000000

5.810000000

0.000000000

7.48063000%

I-B-4

785778PR6

5,741,000.00

1000.000000000

0.000000000

1000.000000000

6.276666086

0.000000000

8.08063000%

I-C

785778PV7

382,737,496.87 N

1000.000002613

0.000000000

966.553507470

5.116633792

0.068497678

N/A

II-A

785778PG0

275,735,000.00

1000.000000000

27.383819174

0.000000000

972.616180826

3.710000000

0.000000000

4.78063000%

II-M

785778PJ4

5,470,000.00

1000.000000000

0.000000000

1000.000000000

4.176667276

0.000000000

5.38063000%

II-B-1

785778PN5

6,757,000.00

1000.000000000

0.000000000

1000.000000000

4.876667160

0.000000000

6.28063000%

II-B-2

785778PP0

4,665,000.00

1000.000000000

0.000000000

1000.000000000

5.110000000

0.000000000

6.58063000%

II-B-3

785778PQ8

4,504,000.00

1000.000000000

0.000000000

1000.000000000

5.810000000

0.000000000

7.48063000%

II-B-4

785778PW5

4,665,000.00

1000.000000000

0.000000000

1000.000000000

6.276666667

0.000000000

8.08063000%

II-C

785778PZ8

321,744,306.63 N

1000.000000000

0.000000000

976.531559862

5.674286949

0.016864137

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

BOND PAYMENTS

Current Realized

Loss *

Original Face

Value

Class

CUSIP

Beginning Certificate

Balance *

Principal Payment

Series 2006-2

Mortgage-Backed Certificates

* 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: 27-Feb-06

19-Jun-2006 08:57

Page 3 of 36

Interest Summary

Principal Summary

Reserve Fund

Interest Summary

Principal Summary

Group 1

Scheduled Interest

6,641,941.20

Scheduled Prin Distribution

248,125.17

Deposit to Trust

5,000.00

Fees

370,903.07

Curtailments

691,307.53

Withdrawal from Trust

0.00

Remittance Interest

6,271,038.13

Prepayments in Full

19,412,631.13

Reimbursement from Waterfall

0.00

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

0.00

Ending Balance

5,000.00

Prepayment Penalties

31,642.57

Repurchase Proceeds

0.00

Group 2

Other Interest Loss

0.00

Other Principal Proceeds

0.00

Deposit to Trust

5,000.00

Other Interest Proceeds

0.00

Remittance Principal

20,352,063.83

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

31,642.57

Insurance Premium

Interest Adjusted

6,302,680.70

Fee Summary

Class I-A Guaranty Insurance Policy

35,871.00

Total Servicing Fees

304,394.85

Class II-A Guaranty Insurance Policy

30,637.22

Total Trustee Fees

0.00

LPMI Fees

0.00

Credit Manager's Fees

0.00

Misc. Fees / Trust Expense

0.00

Insurance Premium

66,508.22

Total Fees

370,903.07

Advances (Principal & Interest)

Prior Month's Outstanding Advances

0.00

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

5,554,767.72

P&I Due Certificate Holders

26,654,744.53

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.

Distribution Date: 27-Feb-06

Cash Reconciliation Summary

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 4 of 36

Group 1

Total

Interest Summary

Scheduled Interest

3,494,137.77

Fees

165,374.49

Remittance Interest

3,328,763.99

Other Interest Proceeds/Shortfalls

Prepayment Penalties

26,216.63

Other Interest Loss

0.00

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

26,216.63

Interest Adjusted

3,354,980.62

Principal Summary

Scheduled Principal Distribution

155,346.74

Curtailments

275,377.60

Prepayments in Full

12,370,502.49

Liquidation Proceeds

0.00

Repurchase Proceeds

0.00

Other Principal Proceeds

0.00

Less Mod Losses

0.00

Remittance Principal

12,801,226.83

Fee Summary

Total Servicing Fees

165,374.49

Total Trustee Fees

0.00

LPMI Fees

0.00

Total Fees

165,374.49

Beginning Principal Balance

382,737,496.87

Ending Principal Balance

369,936,270.04

Advances (Principal & Interest)

Prior Month's Outstanding Advances

N/A

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

3,263,544.21

Distribution Date: 27-Feb-06

Cash Reconciliation Summary Group 1

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 5 of 36

Distribution Date: 27-Feb-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Group 2

Total

Interest Summary

Scheduled Interest

3,147,803.43

Fees

139,038.45

Remittance Interest

3,008,783.39

Other Interest Proceeds/Shortfalls

Prepayment Penalties

5,425.94

Other Interest Loss

0.00

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

5,425.94

Interest Adjusted

3,014,209.33

Principal Summary

Scheduled Principal Distribution

92,778.43

Curtailments

415,929.93

Prepayments in Full

7,042,128.64

Liquidation Proceeds

0.00

Repurchase Proceeds

0.00

Other Principal Proceeds

0.00

Less Mod Losses

0.00

Remittance Principal

7,550,837.00

Fee Summary

Total Servicing Fees

139,038.45

Total Trustee Fees

0.00

LPMI Fees

0.00

Total Fees

139,038.45

Beginning Principal Balance

321,744,306.63

Ending Principal Balance

314,193,469.63

Advances (Principal & Interest)

Prior Month's Outstanding Advances

N/A

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

2,291,223.51

Cash Reconciliation Summary Group 2

19-Jun-2006 08:57

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

712,727

684,129,740

0.10%

WAC - Current

10.79%

0.00%

10.79%

Cum Scheduled Principal

248,125.17

6 mo. Rolling Average

712,727

684,129,740

0.10%

WAC - Original

10.79%

0.00%

10.79%

Cum Unscheduled Principal

20,103,938.66

12 mo. Rolling Average

712,727

684,129,740

0.10%

WAL - Current

251.42

0.00

251.42

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

704,481,803.50 13,261 100.00%

Scheduled Principal

248,125.17

0.04%

Triggers

Unscheduled Principal

20,103,938.66

296

2.85%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

712,727.47

684,129,740

0.10%

Repurchases

0.00

0.00%

Ending Pool

684,129,739.67 12,964

97.11%

> Loss Trigger Event?

(3)

Average Loan Balance

52,771.50

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

48,462,803.50

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%

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

506,433,480.95

71.89%

Balance

143,533,514.08

86,525,057.36

382,303,972.39

Misc/Additional Information

Pool Level Information

0.000000%

4.580630%

Pool Detail and Performance Indicators Total (All Loans)

Distribution Date: 27-Feb-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 7 of 36

Distribution Date: 27-Feb-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

561,903

369,936,270

0.15%

WAC - Current

10.44%

0.00%

10.44%

Cum Scheduled Principal

155,346.74

6 mo. Rolling Average

561,903

369,936,270

0.15%

WAC - Original

10.44%

0.00%

10.44%

Cum Unscheduled Principal

12,645,880.09

12 mo. Rolling Average

561,903

369,936,270

0.15%

WAL - Current

221.28

0.00

221.28

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

382,737,496.87

7,274

100.00%

Scheduled Principal

155,346.74

0.04%

Triggers

Unscheduled Principal

12,645,880.09

167

3.30%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

561,902.88

369,936,270

0.15%

Repurchases

0.00

0.00%

Ending Pool

369,936,270.04

7,107

96.66%

> Loss Trigger Event?

(3)

Average Loan Balance

52,052.38

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)

N/A

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

28,513,943.52

7.45%

Min

Max

Beginning OC

28,514,496.87

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%

77.58%

58,900,712.75

214,806,248.94

Owner Occupied

296,928,771.55

N/A

Balance

78,272,896.41

Pool Detail and Performance Indicators Group 1

Misc/Additional Information

Pool Level Information

19-Jun-2006 08:57

Page 8 of 36

Distribution Date: 27-Feb-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

150,825

314,193,470

0.05%

WAC - Current

11.21%

0.00%

11.21%

Cum Scheduled Principal

92,778.43

6 mo. Rolling Average

150,825

314,193,470

0.05%

WAC - Original

11.21%

0.00%

11.21%

Cum Unscheduled Principal

7,458,058.57

12 mo. Rolling Average

150,825

314,193,470

0.05%

WAL - Current

286.83

0.00

286.83

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

321,744,306.63

5,987

100.00%

Scheduled Principal

92,778.43

0.03%

Triggers

Unscheduled Principal

7,458,058.57

129

2.32%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

150,824.59

314,193,470

0.05%

Repurchases

0.00

0.00%

Ending Pool

314,193,469.63

5,857

97.65%

> Loss Trigger Event?

(3)

Average Loan Balance

53,644.10

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)

N/A

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

19,948,147.01

6.20%

Min

Max

Beginning OC

19,948,306.63

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%

Owner Occupied

209,504,709.40

65.12%

Balance

65,260,617.67

27,624,344.61

167,497,723.45

Misc/Additional Information

Pool Level Information

N/A

Pool Detail and Performance Indicators Group 2

19-Jun-2006 08:57

Page 9 of 36

I-A

Act/360

322,839,000.00

4.770000000%

1,197,732.69

0.00

1,197,732.69

0.00

I-M

Act/360

6,124,000.00

5.420000000%

25,816.06

0.00

25,816.06

0.00

I-B-1

Act/360

8,611,000.00

6.270000000%

41,992.98

0.00

41,992.98

0.00

I-B-2

Act/360

5,167,000.00

6.570000000%

26,403.37

0.00

26,403.37

0.00

I-B-3

Act/360

5,741,000.00

7.470000000%

33,355.21

0.00

33,355.21

0.00

I-B-4

Act/360

5,741,000.00

8.070000000%

36,034.34

0.00

36,034.34

0.00

I-C

30/360

382,737,497.87

6.057760000%

1,932,110.98

26,216.63

0.00

1,958,327.61

0.00

II-A

Act/360

275,735,000.00

4.770000000%

1,022,976.85

0.00

1,022,976.85

0.00

II-M

Act/360

5,470,000.00

5.370000000%

22,846.37

0.00

22,846.37

0.00

II-B-1

Act/360

6,757,000.00

6.270000000%

32,951.64

0.00

32,951.64

0.00

II-B-2

Act/360

4,665,000.00

6.570000000%

23,838.15

0.00

23,838.15

0.00

II-B-3

Act/360

4,504,000.00

7.470000000%

26,168.24

0.00

26,168.24

0.00

II-B-4

Act/360

4,665,000.00

8.070000000%

29,280.65

0.00

29,280.65

0.00

II-C

30/360

321,744,306.63

6.788910000%

1,820,243.58

5,425.94

0.00

1,825,669.52

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

656,019,000.00

6,271,751.11

31,642.57

0.00

6,303,393.68

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: 27-Feb-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 - - - - - - - -

19-Jun-2006 08:57

Page 10 of 36

I-A

24-Feb-06

30-Jan-06

27-Feb-06

0.00

I-M

24-Feb-06

30-Jan-06

27-Feb-06

0.00

I-B-1

24-Feb-06

30-Jan-06

27-Feb-06

0.00

I-B-2

24-Feb-06

30-Jan-06

27-Feb-06

0.00

I-B-3

24-Feb-06

30-Jan-06

27-Feb-06

0.00

I-B-4

24-Feb-06

30-Jan-06

27-Feb-06

0.00

I-C

24-Feb-06

1-Jan-06

1-Feb-06

0.00

26,216.63

0.00

II-A

24-Feb-06

30-Jan-06

27-Feb-06

0.00

II-M

24-Feb-06

30-Jan-06

27-Feb-06

0.00

II-B-1

24-Feb-06

30-Jan-06

27-Feb-06

0.00

II-B-2

24-Feb-06

30-Jan-06

27-Feb-06

0.00

II-B-3

24-Feb-06

30-Jan-06

27-Feb-06

0.00

II-B-4

24-Feb-06

30-Jan-06

27-Feb-06

0.00

II-C

24-Feb-06

1-Jan-06

1-Feb-06

0.00

5,425.94

0.00

I-R-1

24-Feb-06

1-Jan-06

1-Feb-06

0.00

II-R-1

24-Feb-06

1-Jan-06

1-Feb-06

0.00

I-RX

24-Feb-06

1-Jan-06

1-Feb-06

0.00

II-RX

24-Feb-06

1-Jan-06

1-Feb-06

0.00

Total

0.00

31,642.57

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: 27-Feb-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

19-Jun-2006 08:57

Page 11 of 36

I-A

322,839,000.00

155,346.74

12,645,326.74

0.00

310,038,326.52

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

382,737,497.87

0.00

369,936,270.04

25-Jun-36

N/A

II-A

275,735,000.00

92,778.43

7,457,898.95

0.00

268,184,322.62

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

0.00

314,193,469.63

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

248,125.17

20,103,225.69

0.00

635,667,649.14

Ending

Class Balance

Rated

Final

Maturity

- Credit Support -

Class

Original Class

Balance

Beginning Class

Balance

Current

Losses

Distribution Date: 27-Feb-06

Bond Principal Reconciliation

Unscheduled

Principal
Payment

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Current

Original

Interest on

Losses

Scheduled Principal

Payment

Cumulative

Losses

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

Extra

Principal
Payment

Prior
Loss

Reimburs.

19-Jun-2006 08:57

Page 12 of 36

Class

CUSIP

Fitch

Moody's

DBRS

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

Ratings Information

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

DBRS

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: 27-Feb-06

19-Jun-2006 08:57

Page 13 of 36

Type

Count

Count (%)

Scheduled UPB

Sched UPB (%)

Arrears

Arrears (%)

REO Book Value

12934

97.5341%

683,521,911.66

98.9146%

0.00

0.0000%

0.00

126

0.9502%

7,144,862.99

1.0340%

0.00

0.0000%

0.00

0.0226%

128,219.35

0.0186%

0.00

0.0000%

0.00

90+

0.0075%

77,833.81

0.0113%

0.00

0.0000%

0.00

BKY0

0.0377%

149,318.23

0.0216%

0.00

0.0000%

0.00

PIF

192

1.4479%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

13261

100.0000%

691,022,146.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

130

0.9803%

7,350,916.00

1.0638%

0.00

0.0000%

0.00

7046

96.8655%

368,358,529.08

98.4578%

0.00

0.0000%

0.00

109

1.4985%

5,439,762.20

1.4540%

0.00

0.0000%

0.00

0.0412%

128,219.35

0.0343%

0.00

0.0000%

0.00

90+

0.0137%

77,833.81

0.0208%

0.00

0.0000%

0.00

BKY0

0.0550%

124,019.23

0.0331%

0.00

0.0000%

0.00

PIF

111

1.5260%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

7274

100.0000%

374,128,363.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

113

1.5535%

5,645,815.00

1.5091%

0.00

0.0000%

0.00

F/C Quick Sale

Value

Total

Group 1

Distribution Date: 27-Feb-06

End of Month Balance Reporting

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 14 of 36

Type

Count

Count (%)

Scheduled UPB

Sched UPB (%)

Arrears

Arrears (%)

REO Book Value

F/C Quick Sale

Value

Distribution Date: 27-Feb-06

End of Month Balance Reporting

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

5888

98.3464%

315,163,382.58

99.4539%

0.00

0.0000%

0.00

0.2839%

1,705,100.79

0.5381%

0.00

0.0000%

0.00

BKY0

0.0167%

25,299.00

0.0080%

0.00

0.0000%

0.00

PIF

1.3529%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

5987

100.0000%

316,893,782.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

0.2839%

1,705,100.00

0.5381%

0.00

0.0000%

0.00

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

Group 2

19-Jun-2006 08:57

Page 15 of 36

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

27-Feb-06

12,806

675,107,550

144

8,309,462

485,575

77,834

149,318

27-Feb-06

98.78%

98.68%

1.11%

1.21%

0.06%

0.07%

0.01%

0.04%

0.02%

0.00%

Total (All Loans)

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Distribution Date: 27-Feb-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 16 of 36

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Distribution Date: 27-Feb-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

27-Feb-06

6,979

363,480,782

117

5,893,585

360,050

77,834

124,019

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.

Group 1

19-Jun-2006 08:57

Page 17 of 36

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Distribution Date: 27-Feb-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

27-Feb-06

5,827

311,626,768

2,415,877

125,526

25,299

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

19-Jun-2006 08:57

Page 18 of 36

Balance

27-Feb-06

149,318

27-Feb-06

0.00%

0.04%

0.02%

0.00%

61-90 Days

90 + Days

Total (All Loans)

61-90 Days

90 + Days

Current

31-60 Days

- - - - - - - - - - - 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

Distribution Date: 27-Feb-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 19 of 36

Balance

61-90 Days

90 + Days

61-90 Days

90 + Days

Current

31-60 Days

- - - - - - - - - - - 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

Distribution Date: 27-Feb-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

27-Feb-06

124,019

27-Feb-06

0.00%

0.06%

0.03%

0.00%

Group 1

19-Jun-2006 08:57

Page 20 of 36

Balance

61-90 Days

90 + Days

61-90 Days

90 + Days

Current

31-60 Days

- - - - - - - - - - - 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

Distribution Date: 27-Feb-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

27-Feb-06

25,299

27-Feb-06

0.00%

0.02%

0.01%

0.00%

Group 2

19-Jun-2006 08:57

Page 21 of 36

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

27-Feb-06

12,964 684,129,740

296

19,412,631

0.00

252

11.31%

10.80%

27-Feb-06

7,107

369,936,270

167

12,370,502

0.00

222

10.96%

10.44%

Curr Weighted Avg.

Total (All Loans)

Group 1

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Distribution Date: 27-Feb-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 22 of 36

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

Curr Weighted Avg.

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Distribution Date: 27-Feb-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

27-Feb-06

5,857

314,193,470

129

7,042,129

0.00

287

11.74%

11.22%

Group 2

19-Jun-2006 08:57

Page 23 of 36

SMM (Single Monthly Mortality)

Total

Current Period

2.76%

3-Month Average

2.76%

6-Month Average

2.76%

12-Month Average

2.76%

Average Since Cut-Off

2.76%

CPR (Conditional Prepayment Rate)

Total

Current Period

28.50%

3-Month Average

28.50%

6-Month Average

28.50%

12-Month Average

28.50%

Average Since Cut-Off

28.50%

PSA (Public Securities Association)

Total

Current Period

475%

3-Month Average

475%

6-Month Average

475%

12-Month Average

475%

Average Since Cut-Off

475%

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)

Distribution Date: 27-Feb-06

Prepayment Summary

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Apr-05

May-05

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%

Apr-05

May-05

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

229%

457%

686%

914%

1143%

1371%

1600%

Apr-05

May-05

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

19-Jun-2006 08:57

Page 24 of 36

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

19,000

1,303

10.05%

19,069,445

2.79%

19,000

1,318

9.94%

19,374,679

2.75%

19,000

23,000

900

6.94%

19,044,297

2.78%

19,000

23,000

913

6.88%

19,312,030

2.74%

23,000

27,000

1,177

9.08%

29,596,877

4.33%

23,000

27,000

1,195

9.01%

30,063,192

4.27%

27,000

31,000

999

7.71%

29,043,184

4.25%

27,000

31,000

1,021

7.70%

29,698,259

4.22%

31,000

35,000

1,018

7.85%

33,654,449

4.92%

31,000

35,000

1,030

7.77%

34,058,558

4.83%

35,000

40,000

1,136

8.76%

42,649,598

6.23%

35,000

40,000

1,160

8.75%

43,567,360

6.18%

40,000

52,000

1,945

15.00%

89,281,563

13.05%

40,000

52,000

2,006

15.13%

92,091,962

13.07%

52,000

64,000

1,323

10.21%

76,353,350

11.16%

52,000

64,000

1,359

10.25%

78,436,384

11.13%

64,000

76,000

943

7.27%

66,006,821

9.65%

64,000

76,000

968

7.30%

67,782,831

9.62%

76,000

88,000

579

4.47%

47,430,148

6.93%

76,000

88,000

589

4.44%

48,272,673

6.85%

88,000

99,000

354

2.73%

33,038,250

4.83%

88,000

100,000

416

3.14%

39,195,621

5.56%

99,000

524,000

1,287

9.93%

198,961,758

29.08%

100,000

525,000

1,286

9.70%

202,628,253

28.76%

12,964

100.00%

684,129,740

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%

1,336

10.31%

69,065,455

10.10%

4.88%

9.38%

1,359

10.25%

71,145,383

10.10%

9.38%

9.77%

1,002

7.73%

54,290,126

7.94%

9.38%

9.77%

1,023

7.71%

55,806,233

7.92%

9.77%

10.16%

1,204

9.29%

62,519,094

9.14%

9.77%

10.16%

1,225

9.24%

64,363,739

9.14%

10.16%

10.55%

857

6.61%

45,847,633

6.70%

10.16%

10.55%

872

6.58%

46,880,110

6.65%

10.55%

10.94%

948

7.31%

59,283,331

8.67%

10.55%

10.94%

968

7.30%

60,154,062

8.54%

10.94%

11.38%

1,253

9.67%

66,775,060

9.76%

10.94%

11.38%

1,290

9.73%

69,697,182

9.89%

11.38%

11.81%

1,075

8.29%

55,597,863

8.13%

11.38%

11.80%

1,095

8.26%

57,039,380

8.10%

11.81%

12.25%

1,590

12.26%

89,939,510

13.15%

11.80%

12.22%

1,264

9.53%

74,488,522

10.57%

12.25%

12.69%

871

6.72%

44,147,218

6.45%

12.22%

12.64%

1,267

9.55%

64,683,308

9.18%

12.69%

13.13%

1,025

7.91%

46,494,851

6.80%

12.64%

13.06%

884

6.67%

39,775,534

5.65%

13.13%

13.63%

832

6.42%

42,384,595

6.20%

13.06%

13.50%

903

6.81%

45,623,931

6.48%

13.63%

18.00%

971

7.49%

47,785,003

6.98%

13.50%

18.00%

1,111

8.38%

54,824,420

7.78%

12,964

100.00%

684,129,740

100.00%

13,261

100.00%

704,481,804

100.00%

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 27-Feb-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

19-Jun-2006 08:57

Page 25 of 36

12,964

684,129,740

100.00%

251.73

11.31%

13,261

704,481,804

100.00%

255.26

11.31%

12,964

684,129,740

100.00%

13,261

704,481,804

100.00%

7,304

370,501,849

54.16%

250.01

11.23%

7,444

379,065,146

53.81%

253.72

11.24%

3,371

184,399,921

26.95%

251.81

11.25%

3,483

192,523,347

27.33%

255.42

11.25%

1,102

69,617,200

10.18%

259.87

11.70%

1,122

71,585,648

10.16%

262.50

11.68%

1,036

49,117,614

7.18%

250.92

11.47%

1,059

50,758,424

7.21%

254.18

11.45%

7,256,884

1.06%

246.37

11.99%

7,310,412

1.04%

250.02

11.99%

3,236,272

0.47%

292.41

11.42%

3,238,826

0.46%

295.37

11.42%

12,964

684,129,740

100.00%

13,261

704,481,804

100.00%

SF Unattached Dwelling

PUD

Multifamily

Condo - Low Facility

Condo - High Facility

SF Attached Dwelling

Total

SF Unattached Dwelling

PUD

Multifamily

Condo - Low Facility

Condo - High Facility

SF Attached Dwelling

Total

WAMM

WAC

Fixed 2nd Lien

Property Type

# of Loans

Ending Scheduled

Balance

% of

Balance

Property Type

# of

Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

# of

Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Distribution by Product Characteristics (Current)

Mortgage Loan Characteristics Part II

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 27-Feb-06

WAMM

WAC

Distribution by Product Characteristics (Cut-off)

Product Type

# of Loans

Original Principal

Balance

% of

Balance

Product Type

Distribution by Property Types (Current)

Total

Distribution by Property Types (Cut-off)

Fixed 2nd Lien

19-Jun-2006 08:57

Page 26 of 36

Mortgage Loan Characteristics Part II

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 27-Feb-06

7,685

448,352,173

65.54%

246.76

10.94%

7,850

461,950,671

65.57%

250.38

10.94%

4,470

192,580,192

28.15%

262.07

12.17%

4,576

198,048,323

28.11%

265.57

12.16%

809

43,197,374

6.31%

257.21

11.38%

835

44,482,810

6.31%

260.11

11.38%

12,964

684,129,740

100.00%

13,261

704,481,804

100.00%

11,442

600,784,238

87.82%

253.45

11.35%

11,704

617,956,746

87.72%

257.09

11.35%

1,217

70,099,735

10.25%

240.00

11.20%

1,246

72,671,377

10.32%

242.95

11.19%

305

13,245,767

1.94%

235.91

10.40%

311

13,853,681

1.97%

238.51

10.42%

12,964

684,129,740

100.00%

13,261

704,481,804

100.00%

Total

Purchase

Refinance/Equity Takeout

Refinance/No Cash Out

Total

Distribution by Loan Purpose (Cut-off)

Loan Purpose

# of Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

Refinance/No Cash Out

WAMM

WAC

Purchase

Refinance/Equity Takeout

Loan Purpose

# of

Loans

Ending Scheduled

Balance

% of

Balance

Total

Distribution by Loan Purpose (Current)

Total

Owner Occupied - Secondary Residence

Distribution by Occupancy Type (Cut-off)

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

Owner Occupied - Secondary Residence

Distribution by Occupancy Type (Current)

Occupancy Type

# of

Loans

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

19-Jun-2006 08:57

Page 27 of 36

Mortgage Loan Characteristics Part II

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 27-Feb-06

1,525

102,584,877

14.99%

174.99

11.10%

1,590

108,622,424

15.42%

180.60

11.09%

American Home Mortgage

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

Ending Scheduled

Balance

% of

Balance

WAMM

WAC

19-Jun-2006 08:57

Page 28 of 36

WAMM

WAC

California

1,292

127,475,802

18.63%

225

11.06%

Florida

1,455

75,893,451

11.09%

264

12.02%

Arizona

1,070

56,646,522

8.28%

254

11.52%

Virginia

672

47,797,387

6.99%

252

11.23%

Georgia

1,061

38,910,980

5.69%

294

11.81%

Maryland

624

37,983,695

5.55%

256

11.21%

Nevada

538

30,981,094

4.53%

209

11.34%

Texas

975

29,906,009

4.37%

251

10.78%

Minnesota

545

25,426,840

3.72%

332

9.93%

Illinois

472

24,488,578

3.58%

248

11.26%

Remaining

4,260

188,619,381

27.57%

251

11.35%

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

Top 10 Original State Concentration

Geographic Distribution

# of

Loans

Scheduled
Balance

(1)

% of

Balance

Top 10 Current State Concentration

Geographic Distribution

# of

Loans

Scheduled
Balance

(1)

% of

Balance

Distribution Date: 27-Feb-06

Geographic Concentration

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Top 10 Current State Concentration

California

Virginia

Arizona

Florida

Illinois

Minnesota

Texas

Nevada

Maryland

Georgia

Remaining

19-Jun-2006 08:57

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

Distribution Date: 27-Feb-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

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

Loss-Loan

Adjusted

Net Liquidation

Proceeds

Disclosure Control #

Period

Loss to Trust

Loss-Loan Non-

adjusted

19-Jun-2006 08:57

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

27-Feb-06

0.00

Total

0.00

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

Total (All Loans)

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 27-Feb-06

Historical Realized Loss Summary

Recovery on Prior

Liquidations

Claims on Prior Liquidations

(Claims)/Recoveries on

Prior Payoffs

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

19-Jun-2006 08:57

Page 31 of 36

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 27-Feb-06

Historical Realized Loss Summary

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

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

19-Jun-2006 08:57

Page 32 of 36

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

Distribution Date: 27-Feb-06

Historical Realized Loss Summary

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

27-Feb-06

0.00

Total

0.00

Claims on Prior Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

Group 2

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

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

19-Jun-2006 08:57

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)

Distribution Date: 27-Feb-06

Realized Loss Summary

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

0.00%

0.57%

1.14%

1.71%

2.29%

2.86%

3.43%

4.00%

Apr-05

May-05

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

0.00%

4.29%

8.57%

12.86%

17.14%

21.43%

25.71%

30.00%

Apr-05

May-05

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

143%

286%

429%

571%

714%

857%

1000%

Apr-05

May-05

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

19-Jun-2006 08:57

Page 34 of 36

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

Material Breach Description

Disclosure Control

Loan Group #

Ending Principal

Balance

Material Breach

Date

Distribution Date: 27-Feb-06

Material Breaches Detail

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 35 of 36

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.

Modification Description

Disclosure Control

Loan Group #

Modified Maturity

Date

Cutoff Maturity

Date

Distribution Date: 27-Feb-06

Modified Loan Detail

SACO I Trust

Mortgage-Backed Certificates

Series 2006-2

19-Jun-2006 08:57

Page 36 of 36

SACO I Trust 2006-2 10-D/A