Content:

Pages

Contact Information:

Statement to Certificate Holders

Analyst:

Dennis Yoon

714.259.6209

Statement to Certificate Holders (Factors)

dennis.yoon@abnamro.com

Pool/Non-Pool Funds Cash Reconciliation

Administrator:

John Chozen

312.992.1816

Cash Reconciliation Summary

john.chozen@abnamro.com

Pool Detail and Performance Indicators

LaSalle Website:

www.etrustee.net

Bond Interest Reconciliation Part I

Bond Interest Reconciliation Part II

Bond Principal Reconciliation

Outside Parties To The Transaction

Rating Information

End of Month Balance Reporting

15 Month Loan Status Summary Part I

12-15

15 Month Loan Status Summary Part II

16-19

15 Month Historical Payoff Summary

20-21

Prepayment Summary

Mortgage Loan Characteristics Part I

Mortgage Loan Characteristics Part II

24-26

Geographic Concentration

Current Period Realized Loss Detail

Historical Realized Loss Summary

Realized Loss Summary

Material Breaches Detail

Modified Loan Detail

Determination

Date:

15-Jun-06

First Pay. Date:

27-Feb-06

Rated Final

Payment Date:

25-Jan-36

Master Servicer: EMC Mortgage Corporation

Closing Date:

30-Jan-06

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

Record Date:

23-Jun-06

Depositor: Bear Stearns Asset Backed Securities, Inc.

Distribution Count:

Underwriter: Bear Stearns Asset Backed Securities, Inc.

Prior Payment:

25-May-06

Next Payment:

25-Jul-06

ABN AMRO Acct : 723380.1

Payment Date:

26-Jun-06

Distribution Date: 26-Jun-06

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

A-1

07387UAU5

243,148,000.00

191,686,126.04

13,206,852.01

0.00

178,479,274.03

879,413.35

0.00

5.1612500000%

A-2

07387UAV3

90,204,000.00

0.00

90,204,000.00

425,061.29

0.00

5.3012500000%

A-3

07387UAW1

14,254,000.00

0.00

14,254,000.00

68,561.74

0.00

5.4112500000%

M-1

07387UAX9

25,926,000.00

0.00

25,926,000.00

126,317.23

0.00

5.4812500000%

M-2

07387UAY7

17,524,000.00

0.00

17,524,000.00

85,692.36

0.00

5.5012500000%

M-3

07387UAZ4

10,563,000.00

0.00

10,563,000.00

51,840.86

0.00

5.5212500000%

M-4

07387UBA8

18,725,000.00

0.00

18,725,000.00

95,060.58

0.00

5.7112500000%

M-5

07387UBB6

7,922,000.00

0.00

7,922,000.00

40,921.53

0.00

5.8112500000%

M-6

07387UBC4

7,682,000.00

0.00

7,682,000.00

43,915.43

2,601.01

6.0503420440%

M-7

07387UBD2

6,722,000.00

0.00

6,722,000.00

40,817.48

4,666.01

6.0503420440%

M-8

07387UBE0

6,241,000.00

0.00

6,241,000.00

37,896.74

4,332.13

6.0503420440%

M-9

07387UBF7

6,722,000.00

0.00

6,722,000.00

40,817.48

4,666.01

6.0503420440%

07387UBL4

480,119,391.63 N

428,657,215.01

0.00

415,450,363.00

569,952.83

184,650.17

N/A

07387UBM2

100.00

0.00

100.00

277,235.61

N/A

R-I

07387UBG5

0.00

N/A

R-II

07387UBH3

0.00

N/A

R-III

07387UBJ9

0.00

N/A

07387UBK6

0.00

N/A

Total

455,633,100.00

404,171,226.04

13,206,852.01

0.00

390,964,374.03

2,783,504.51

478,150.94

Total P&I Payment

15,990,356.52

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

Distribution Date: 26-Jun-06

Pass-Through

Rate

Deferred Interest

Ending Certificate

Balance

Interest Payment

(2)

22-Jun-2006 08:18

Page 2 of 32

A-1

07387UAU5

243,148,000.00

788.351646076

54.316103813

0.000000000

734.035542262

3.616782166

0.000000000

5.40250000%

A-2

07387UAV3

90,204,000.00

1000.000000000

0.000000000

1000.000000000

4.712222185

0.000000000

5.54250000%

A-3

07387UAW1

14,254,000.00

1000.000000000

0.000000000

1000.000000000

4.810000000

0.000000000

5.65250000%

M-1

07387UAX9

25,926,000.00

1000.000000000

0.000000000

1000.000000000

4.872222094

0.000000000

5.72250000%

M-2

07387UAY7

17,524,000.00

1000.000000000

0.000000000

1000.000000000

4.890000000

0.000000000

5.74250000%

M-3

07387UAZ4

10,563,000.00

1000.000000000

0.000000000

1000.000000000

4.907778093

0.000000000

5.76250000%

M-4

07387UBA8

18,725,000.00

1000.000000000

0.000000000

1000.000000000

5.076666489

0.000000000

5.95250000%

M-5

07387UBB6

7,922,000.00

1000.000000000

0.000000000

1000.000000000

5.165555415

0.000000000

6.05250000%

M-6

07387UBC4

7,682,000.00

1000.000000000

0.000000000

1000.000000000

5.716666233

0.338585004

6.67250000%

M-7

07387UBD2

6,722,000.00

1000.000000000

0.000000000

1000.000000000

6.072222553

0.694140137

7.07250000%

M-8

07387UBE0

6,241,000.00

1000.000000000

0.000000000

1000.000000000

6.072222400

0.694140362

7.07250000%

M-9

07387UBF7

6,722,000.00

1000.000000000

0.000000000

1000.000000000

6.072222553

0.694140137

7.07250000%

07387UBL4

480,119,391.63 N

892.813792742

0.000000000

865.306359715

1.187106457

0.384592194

N/A

07387UBM2

100.00

1000.000000000

0.000000000

1000.000000000

2772356.100000000

N/A

R-I

07387UBG5

0.00

0.000000000

N/A

R-II

07387UBH3

0.00

0.000000000

N/A

R-III

07387UBJ9

0.00

0.000000000

N/A

07387UBK6

0.00

0.000000000

N/A

Bond Payments

Current Realized

Loss *

Original Face

Value

Class

CUSIP

Beginning Certificate

Balance *

Principal Payment

Series 2006-PC1

Asset-Backed Certificates

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

Bear Stearns Asset Backed Securities I Trust

Next Rate **

Deferred Interest *

Ending Certificate

Balance *

Interest Payment *

Interest Adjustment*

Statement to Certificate Holders (FACTORS)

Distribution Date: 26-Jun-06

22-Jun-2006 08:18

Page 3 of 32

Interest Summary

Principal Summary

Reserve Fund

Interest Summary

Principal Summary

Beginning Balance

5,000.00

Scheduled Interest

2,486,175.48

Scheduled Prin Distribution

315,584.77

Withdrawal from Trust

0.00

Fees

180,821.90

Curtailments

43,757.83

Reimbursement from Waterfall

0.00

Remittance Interest

2,305,353.57

Prepayments in Full

12,847,509.41

Ending Balance

5,000.00

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

0.00

Prepayment Penalties

277,235.61

Repurchase Proceeds

0.00

Yield Maintenance Agreement

Other Interest Loss

0.00

Other Principal Proceeds

(721.15)

Other Interest Proceeds

0.00

Remittance Principal

13,206,130.86

Amt Received Under the Yield Main. Agreement

201,636.48

Non-advancing Interest

0.00

Net PPIS/Relief Act Shortfall

0.00

Swap Agreement

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

277,235.61

Net Swap payment payable to the Swap

Interest Adjusted

2,582,589.18

Administrator

0.00

Fee Summary

Net Swap payment payable to the Swap Provider

0.00

Total Servicing Fees

178,607.17

Total Trustee Fees

2,214.73

Swap Termination payment payable to the Swap

LPMI Fees

0.00

Administrator

0.00

Credit Manager's Fees

0.00

Swap Termination payment payable to the Swap

0.00

Misc. Fees / Trust Expense

0.00

Provider

Insurance Premium

0.00

Total Fees

180,821.90

Advances (Principal & Interest)

Prior Month's Outstanding Advances

3,244,734.18

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

2,934,890.75

P&I Due Certificate Holders

15,990,356.53

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: 26-Jun-06

Cash Reconciliation Summary

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 4 of 32

Fixed 1st Lien

228 ARM

327 ARM

Total

Interest Summary

Scheduled Interest

715,660.63

1,713,773.22

56,741.62

2,486,175.48

Fees

52,427.38

124,170.57

4,223.96

180,821.90

Remittance Interest

663,233.26

1,589,602.66

52,517.66

2,305,353.57

Other Interest Proceeds/Shortfalls

Prepayment Penalties

59,259.39

206,181.13

11,795.09

277,235.61

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

59,259.39

206,181.13

11,795.09

277,235.61

Interest Adjusted

722,492.65

1,795,783.79

64,312.75

2,582,589.18

Principal Summary

Scheduled Principal Distribution

120,578.82

187,292.36

7,713.59

315,584.77

Curtailments

25,787.59

17,969.11

1.13

43,757.83

Prepayments in Full

3,135,079.86

9,305,383.34

407,046.21

12,847,509.41

Liquidation Proceeds

0.00

Repurchase Proceeds

0.00

Other Principal Proceeds

(51.90)

(669.25)

0.00

(721.15)

Less Mod Losses

0.00

Remittance Principal

3,281,394.37

9,509,975.56

414,760.93

13,206,130.86

Fee Summary

Total Servicing Fees

51,785.24

122,649.71

4,172.22

178,607.17

Total Trustee Fees

642.14

1,520.86

51.74

2,214.73

LPMI Fees

0.00

Total Fees

52,427.38

124,170.57

4,223.96

180,821.90

Beginning Principal Balance

124,284,574.07

294,359,303.41

10,013,337.53

428,657,215.01

Ending Principal Balance

121,003,127.80

284,848,658.60

9,598,576.60

415,450,363.00

Distribution Date: 26-Jun-06

Cash Reconciliation Summary (By Product)

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 5 of 32

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

480,119,391.63

2,011

3 mo. Rolling Average

16,540,728

429,905,384

3.86%

WAC - Current

6.40%

6.47%

6.45%

Cum Scheduled Principal

1,654,224.28

6 mo. Rolling Average

11,918,553

443,528,350

2.75%

WAC - Original

6.41%

6.49%

6.47%

Cum Unscheduled Principal

63,014,804.35

12 mo. Rolling Average

11,918,553

443,528,350

2.75%

WAL - Current

344.69

350.60

348.88

Cum Liquidations

0.00

Loss Levels

Amount

Count

WAL - Original

349.05

354.61

353.04

Cum Deferred Interest

0.00

3 mo. Cum Loss

864.40

6 mo. Cum loss

864.40

Current Index Rate

Current

Amount

Count

12 mo. Cum Loss

864.40

Next Index Rate

Beginning Pool

428,657,215.01

1,820

89.28%

Scheduled Principal

315,584.77

0.07%

Triggers

Unscheduled Principal

12,891,267.24

2.69%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

18,859,459.44

415,450,363

4.54%

Repurchases

0.00

0.00%

Ending Pool

415,450,363.00

1,768

86.53%

> Loss Trigger Event?

(3)

Average Loan Balance

234,983.24

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

721.15

Distribution Count

Properties

%/Score

Net Liquidation

(721.15)

Current Specified Enhancement %

(4)

31.90%

Cut-off LTV

82.76%

Step Down %

(5)

55.20%

Cash Out/Refinance

74.91%

Credit Enhancement

Amount

% of Current Specified Enhancement %

(6)

29.00%

SFR

74.25%

Original OC

24,486,391.63

5.10%

> Step Down Date?

Target OC

24,486,088.97

5.10%

Min

Max

Beginning OC

24,486,088.97

Extra Principal

721.15

FICO

500

809

607.31

OC Amount per PSA

24,485,367.82

5.10%

Cumulative Extra Principal

864.41

Ending OC

24,486,088.97

OC Release

N/A

Mezz Certificates

108,027,000.00 22.50%

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) * (4), then TRUE (4) Mezzanine Certs + OC Amount / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)

Owner Occupied

445,128,047.37

92.71%

Balance

397,349,551.87

359,634,879.20

356,506,532.77

Misc/Additional Information

Pool Level Information

5.081250%

5.322500%

Distribution Date: 26-Jun-06

Pool Detail and Performance Indicators Total (All Loans)

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 6 of 32

A-1

Act/360

191,686,126.04

5.161250000%

879,413.35

0.00

879,413.35

0.00

A-2

Act/360

90,204,000.00

5.301250000%

425,061.29

0.00

425,061.29

0.00

A-3

Act/360

14,254,000.00

5.411250000%

68,561.74

0.00

68,561.74

0.00

M-1

Act/360

25,926,000.00

5.481250000%

126,317.23

0.00

126,317.23

0.00

M-2

Act/360

17,524,000.00

5.501250000%

85,692.36

0.00

85,692.36

0.00

M-3

Act/360

10,563,000.00

5.521250000%

51,840.86

0.00

51,840.86

0.00

M-4

Act/360

18,725,000.00

5.711250000%

95,060.58

0.00

95,060.58

0.00

M-5

Act/360

7,922,000.00

5.811250000%

40,921.53

0.00

40,921.53

0.00

M-6

Act/360

7,682,000.00

6.050340000%

41,314.42

2,601.01

0.00

43,915.43

0.00

Yes

M-7

Act/360

6,722,000.00

6.050340000%

36,151.47

4,666.01

0.00

40,817.48

0.00

Yes

M-8

Act/360

6,241,000.00

6.050340000%

33,564.61

4,332.13

0.00

37,896.74

0.00

Yes

M-9

Act/360

6,722,000.00

6.050340000%

36,151.47

4,666.01

0.00

40,817.48

0.00

Yes

428,657,215.01

1.078630000%

385,302.66

201,636.48

0.00

586,939.14

569,952.83

0.00

100.00

0.000000000%

0.00

277,235.61

0.00

277,235.61

0.00

R-I

0.00

0.000000000%

0.00

R-II

0.00

0.000000000%

0.00

R-III

0.00

0.000000000%

0.00

0.000000000%

0.00

Total

404,171,226.04

2,305,353.57

495,137.25

0.00

2,800,490.82

2,783,504.51

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: 26-Jun-06

Pass-Thru Rate

Total Interest

Additions

Distributable

Certificate

Interest

Bond Interest Reconciliation

Opening Balance

- - Accrual - -

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

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

22-Jun-2006 08:18

Page 7 of 32

A-1

23-Jun-06

25-May-06

26-Jun-06

0.00

A-2

23-Jun-06

25-May-06

26-Jun-06

0.00

A-3

23-Jun-06

25-May-06

26-Jun-06

0.00

M-1

23-Jun-06

25-May-06

26-Jun-06

0.00

M-2

23-Jun-06

25-May-06

26-Jun-06

0.00

M-3

23-Jun-06

25-May-06

26-Jun-06

0.00

M-4

23-Jun-06

25-May-06

26-Jun-06

0.00

M-5

23-Jun-06

25-May-06

26-Jun-06

0.00

M-6

23-Jun-06

25-May-06

26-Jun-06

0.00

2,601.01

0.00

M-7

23-Jun-06

25-May-06

26-Jun-06

0.00

4,666.01

0.00

M-8

23-Jun-06

25-May-06

26-Jun-06

0.00

4,332.13

0.00

M-9

23-Jun-06

25-May-06

26-Jun-06

0.00

4,666.01

0.00

31-May-06

1-May-06

1-Jun-06

0.00

201,636.48

0.00

31-May-06

1-May-06

1-Jun-06

0.00

277,235.61

0.00

R-I

31-May-06

1-May-06

1-Jun-06

0.00

R-II

31-May-06

1-May-06

1-Jun-06

0.00

R-III

31-May-06

1-May-06

1-Jun-06

0.00

31-May-06

1-May-06

1-Jun-06

0.00

Total

0.00

201,636.48

277,235.61

0.00

16,265.16

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: 26-Jun-06

Asset-Backed Certificates

Series 2006-PC1

Bear Stearns Asset Backed Securities 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

22-Jun-2006 08:18

Page 8 of 32

A-1

243,148,000.00

191,686,126.04

315,584.77

12,890,546.09

721.15

0.00

178,479,274.03

25-Jan-36

N/A

A-2

90,204,000.00

0.00

90,204,000.00

25-Jan-36

N/A

A-3

14,254,000.00

0.00

14,254,000.00

25-Jan-36

N/A

M-1

25,926,000.00

0.00

25,926,000.00

25-Jan-36

N/A

M-2

17,524,000.00

0.00

17,524,000.00

25-Jan-36

N/A

M-3

10,563,000.00

0.00

10,563,000.00

25-Jan-36

N/A

M-4

18,725,000.00

0.00

18,725,000.00

25-Jan-36

N/A

M-5

7,922,000.00

0.00

7,922,000.00

25-Jan-36

N/A

M-6

7,682,000.00

0.00

7,682,000.00

25-Jan-36

N/A

M-7

6,722,000.00

0.00

6,722,000.00

25-Jan-36

N/A

M-8

6,241,000.00

0.00

6,241,000.00

25-Jan-36

N/A

M-9

6,722,000.00

0.00

6,722,000.00

25-Jan-36

N/A

480,119,391.63

428,657,215.01

0.00

415,450,363.00

25-Jan-36

N/A

100.00

0.00

100.00

25-Jan-36

N/A

R-I

0.00

25-Jan-36

N/A

R-II

0.00

25-Jan-36

N/A

R-III

0.00

25-Jan-36

N/A

0.00

25-Jan-36

N/A

Total

455,633,100.00

404,171,226.04

315,584.77

12,890,546.09

721.15

0.00

390,964,374.03

Ending

Class Balance

Rated

Final

Maturity

- Credit Support -

Class

Original Class

Balance

Beginning Class

Balance

Current

Losses

Distribution Date: 26-Jun-06

Bond Principal Reconciliation

Unscheduled

Principal
Payment

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

Current

Original

Interest on

Losses

Scheduled Principal

Payment

Cumulative

Losses

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

Extra

Principal
Payment

Prior
Loss

Reimburs.

22-Jun-2006 08:18

Page 9 of 32

Class

CUSIP

Fitch

Moody's

DBRS

S&P

A-1

07387UAU5

Aaa

AAA

A-2

07387UAV3

Aaa

AAA

A-3

07387UAW1

Aaa

AAA

M-1

07387UAX9

Aa1

AA+

M-2

07387UAY7

Aa2

M-3

07387UAZ4

Aa3

M-4

07387UBA8

A+

M-5

07387UBB6

M-6

07387UBC4

Baa1

A-

M-7

07387UBD2

Baa2

BBB+

M-8

07387UBE0

Baa3

BBB+

M-9

07387UBF7

Ba1

BBB-

07387UBL4

07387UBM2

Ratings Information

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

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: 26-Jun-06

22-Jun-2006 08:18

Page 10 of 32

Type

Count

Count (%)

Scheduled UPB

Sched UPB (%)

Arrears

Arrears (%)

REO Book Value

1628

89.4505%

380,151,900.24

90.1217%

0.00

0.0000%

0.00

5.0000%

22,435,943.56

5.3188%

0.00

0.0000%

0.00

1.5385%

7,268,421.93

1.7231%

0.00

0.0000%

0.00

90+

0.9341%

4,197,931.61

0.9952%

0.00

0.0000%

0.00

BKY0

0.1648%

547,538.85

0.1298%

0.00

0.0000%

0.00

BKY30

0.0549%

92,810.83

0.0220%

0.00

0.0000%

0.00

BKY60

0.0549%

458,449.95

0.1087%

0.00

0.0000%

0.00

BKY90+

0.1099%

352,949.59

0.0837%

0.00

0.0000%

0.00

F/C90+

1.2637%

6,314,858.15

1.4970%

0.00

0.0000%

0.00

PIF

1.4286%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

1820

100.0000%

421,820,804.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

163

8.9560%

41,121,365.00

9.7485%

0.00

0.0000%

0.00

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

F/C Quick Sale

Value

Total

Distribution Date: 26-Jun-06

End of Month Balance Reporting

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 11 of 32

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

26-Jun-06

1,604

374,571,645

22,019,259

7,268,422

4,197,932

1,451,749

5,941,357

25-May-06

1,688

394,657,394

18,088,423

6,047,128

4,248,181

755,195

4,860,892

25-Apr-06

1,762

414,315,177

16,442,070

9,585,445

4,452,769

813,112

27-Mar-06

1,817

426,529,599

22,281,303

7,599,519

860,110

27-Feb-06

1,918

456,151,712

12,992,403

1,510,952

26-Jun-06

90.72%

90.16%

5.09%

5.30%

1.58%

1.75%

0.96%

1.01%

0.40%

0.35%

1.24%

1.43%

0.00%

25-May-06

92.75%

92.07%

3.90%

4.22%

1.26%

1.41%

0.88%

0.99%

0.22%

0.18%

0.99%

1.13%

0.00%

25-Apr-06

93.57%

92.98%

3.51%

3.69%

1.86%

2.15%

0.80%

1.00%

0.27%

0.18%

0.00%

27-Mar-06

94.34%

93.28%

4.05%

4.87%

1.30%

1.66%

0.00%

0.31%

0.19%

0.00%

27-Feb-06

97.16%

96.92%

2.33%

2.76%

0.00%

0.51%

0.32%

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: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 12 of 32

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: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

26-Jun-06

600

113,016,440

5,117,853

842,969

1,041,172

495,561

489,133

25-May-06

628

118,351,529

3,166,411

1,706,706

299,027

119,763

641,139

25-Apr-06

649

122,502,401

4,676,011

1,068,110

224,032

119,855

27-Mar-06

668

126,621,216

2,970,177

721,046

181,547

27-Feb-06

684

130,272,324

1,941,538

458,793

26-Jun-06

93.60%

93.40%

4.06%

4.23%

0.62%

0.70%

0.94%

0.86%

0.47%

0.41%

0.31%

0.40%

0.00%

25-May-06

95.73%

95.23%

2.13%

2.55%

1.22%

1.37%

0.30%

0.24%

0.15%

0.10%

0.46%

0.52%

0.00%

25-Apr-06

95.72%

95.27%

2.95%

3.64%

1.03%

0.83%

0.15%

0.17%

0.15%

0.09%

0.00%

27-Mar-06

97.23%

97.03%

2.04%

2.28%

0.44%

0.55%

0.00%

0.29%

0.14%

0.00%

27-Feb-06

98.28%

98.19%

1.15%

1.46%

0.00%

0.57%

0.35%

0.00%

Group 1 Fixed 1st Lien

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Group 1 Fixed 1st Lien

22-Jun-2006 08:18

Page 13 of 32

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: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

26-Jun-06

965

252,060,976

16,797,058

6,425,453

3,156,759

956,188

5,452,224

25-May-06

1,018

266,292,528

14,922,012

4,340,423

3,949,155

635,432

4,219,753

25-Apr-06

1,071

281,791,704

11,766,059

8,517,336

4,228,737

693,257

27-Mar-06

1,107

289,879,436

19,311,126

6,878,473

678,563

27-Feb-06

1,191

315,643,180

11,050,865

1,052,158

26-Jun-06

88.78%

88.49%

5.80%

5.90%

2.21%

2.26%

1.01%

1.11%

0.37%

0.34%

1.84%

1.91%

0.00%

25-May-06

90.73%

90.47%

5.08%

5.07%

1.34%

1.47%

1.25%

1.34%

0.27%

0.22%

1.34%

1.43%

0.00%

25-Apr-06

92.09%

91.79%

3.96%

3.83%

2.41%

2.77%

1.20%

1.38%

0.34%

0.23%

0.00%

27-Mar-06

92.48%

91.52%

5.35%

6.10%

1.84%

2.17%

0.00%

0.33%

0.21%

0.00%

27-Feb-06

96.44%

96.31%

3.08%

3.37%

0.00%

0.49%

0.32%

0.00%

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Group 1 228 ARM

22-Jun-2006 08:18

Page 14 of 32

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: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

26-Jun-06

9,494,229

104,347

25-May-06

10,013,338

25-Apr-06

10,021,073

27-Mar-06

10,028,948

27-Feb-06

10,236,208

26-Jun-06

97.50%

98.91%

2.50%

1.09%

0.00%

25-May-06

100.00%

0.00%

25-Apr-06

100.00%

0.00%

27-Mar-06

100.00%

0.00%

27-Feb-06

100.00%

0.00%

Group 1 327 ARM

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

22-Jun-2006 08:18

Page 15 of 32

Balance

26-Jun-06

5,941,357

547,539

92,811

458,450

352,950

25-May-06

4,860,892

625,850

129,345

25-Apr-06

626,362

186,750

27-Mar-06

673,223

186,887

27-Feb-06

1,510,952

26-Jun-06

0.00%

1.24%

1.43%

0.00%

0.17%

0.13%

0.06%

0.02%

0.06%

0.11%

0.08%

25-May-06

0.00%

0.99%

1.13%

0.00%

0.16%

0.15%

0.00%

0.05%

0.03%

25-Apr-06

0.00%

0.16%

0.14%

0.00%

0.11%

0.04%

0.00%

27-Mar-06

0.00%

0.21%

0.15%

0.10%

0.04%

0.00%

27-Feb-06

0.00%

0.51%

0.32%

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: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 16 of 32

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: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

26-Jun-06

489,133

271,861

223,700

25-May-06

641,139

119,763

25-Apr-06

119,855

27-Mar-06

181,547

27-Feb-06

458,793

26-Jun-06

0.00%

0.31%

0.40%

0.00%

0.31%

0.22%

0.00%

0.16%

0.18%

25-May-06

0.00%

0.46%

0.52%

0.00%

0.15%

0.10%

0.00%

25-Apr-06

0.00%

0.15%

0.09%

0.00%

27-Mar-06

0.00%

0.29%

0.14%

0.00%

27-Feb-06

0.00%

0.57%

0.35%

0.00%

Group 1 Fixed 1st Lien

22-Jun-2006 08:18

Page 17 of 32

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: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

26-Jun-06

5,452,224

275,678

92,811

458,450

129,249

25-May-06

4,219,753

506,087

129,345

25-Apr-06

506,507

186,750

27-Mar-06

491,676

186,887

27-Feb-06

1,052,158

26-Jun-06

0.00%

1.84%

1.91%

0.00%

0.09%

0.10%

0.09%

0.03%

0.09%

0.16%

0.09%

0.05%

25-May-06

0.00%

1.34%

1.43%

0.00%

0.18%

0.17%

0.00%

0.09%

0.04%

25-Apr-06

0.00%

0.17%

0.16%

0.00%

0.17%

0.06%

0.00%

27-Mar-06

0.00%

0.17%

0.16%

0.17%

0.06%

0.00%

27-Feb-06

0.00%

0.49%

0.32%

0.00%

Group 1 228 ARM

22-Jun-2006 08:18

Page 18 of 32

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: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

26-Jun-06

25-May-06

25-Apr-06

27-Mar-06

27-Feb-06

26-Jun-06

0.00%

25-May-06

0.00%

25-Apr-06

0.00%

27-Mar-06

0.00%

27-Feb-06

0.00%

Group 1 327 ARM

22-Jun-2006 08:18

Page 19 of 32

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

26-Jun-06

1,768

415,450,363

12,847,509

0.00

349

6.96%

6.45%

25-May-06

1,820

428,657,215

16,599,807

0.00

350

6.96%

6.45%

25-Apr-06

1,883

445,608,574

11,317,600

0.00

351

6.96%

6.46%

27-Mar-06

1,926

457,270,530

12,884,642

0.00

352

6.97%

6.46%

27-Feb-06

1,974

470,655,066

9,058,504

0.00

353

6.97%

6.47%

26-Jun-06

641

121,003,128

3,135,080

0.00

345

6.91%

6.40%

25-May-06

656

124,284,574

4,178,349

0.00

346

6.92%

6.41%

25-Apr-06

678

128,590,409

1,771,239

0.00

347

6.92%

6.41%

27-Mar-06

687

130,493,986

1,980,208

0.00

348

6.92%

6.42%

27-Feb-06

696

132,672,656

2,325,878

0.00

349

6.91%

6.41%

Curr Weighted Avg.

Total (All Loans)

Group 1 Fixed 1st Lien

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Distribution Date: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 20 of 32

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

Curr Weighted Avg.

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Distribution Date: 26-Jun-06

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

26-Jun-06

1,087

284,848,659

9,305,383

0.00

351

6.99%

6.48%

25-May-06

1,122

294,359,303

12,421,457

0.00

352

6.98%

6.48%

25-Apr-06

1,163

306,997,092

9,546,360

0.00

353

6.99%

6.48%

27-Mar-06

1,197

316,747,597

10,705,066

0.00

354

7.00%

6.49%

27-Feb-06

1,235

327,746,203

6,732,626

0.00

355

7.00%

6.50%

26-Jun-06

9,598,577

407,046

0.00

351

6.80%

6.29%

25-May-06

10,013,338

0.00

352

6.80%

6.29%

25-Apr-06

10,021,073

0.00

353

6.80%

6.29%

27-Mar-06

10,028,948

199,368

0.00

354

6.78%

6.28%

27-Feb-06

10,236,208

0.00

355

6.78%

6.28%

Group 1 228 ARM

Group 1 327 ARM

22-Jun-2006 08:18

Page 21 of 32

SMM (Single Monthly Mortality)

Total

Current Period

3.00%

3-Month Average

3.07%

6-Month Average

2.77%

12-Month Average

2.77%

Average Since Cut-Off

2.77%

CPR (Conditional Prepayment Rate)

Total

Current Period

30.61%

3-Month Average

31.07%

6-Month Average

28.40%

12-Month Average

28.40%

Average Since Cut-Off

28.40%

PSA (Public Securities Association)

Total

Current Period

510%

3-Month Average

518%

6-Month Average

473%

12-Month Average

473%

Average Since Cut-Off

473%

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: 26-Jun-06

Prepayment Summary

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

229%

457%

686%

914%

1143%

1371%

1600%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

22-Jun-2006 08:18

Page 22 of 32

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

4,000

89,000

179

10.12%

12,590,366

3.03%

30,000

90,000

201

10.00%

14,470,646

3.01%

89,000

113,000

160

9.05%

16,054,974

3.86%

90,000

115,000

169

8.40%

17,315,011

3.61%

113,000

137,000

152

8.60%

18,968,879

4.57%

115,000

140,000

190

9.45%

24,272,924

5.06%

137,000

161,000

150

8.48%

22,345,466

5.38%

140,000

165,000

165

8.20%

25,128,415

5.23%

161,000

185,000

129

7.30%

22,400,317

5.39%

165,000

190,000

158

7.86%

28,070,988

5.85%

185,000

209,000

113

6.39%

22,274,514

5.36%

190,000

213,000

125

6.22%

25,310,148

5.27%

209,000

252,000

190

10.75%

43,587,903

10.49%

213,000

256,000

223

11.09%

52,384,367

10.91%

252,000

295,000

168

9.50%

45,821,678

11.03%

256,000

299,000

181

9.00%

50,534,472

10.53%

295,000

338,000

163

9.22%

51,254,307

12.34%

299,000

342,000

183

9.10%

58,231,344

12.13%

338,000

381,000

113

6.39%

40,629,966

9.78%

342,000

385,000

135

6.71%

49,057,506

10.22%

381,000

424,000

4.19%

29,618,089

7.13%

385,000

428,000

4.03%

32,810,119

6.83%

424,000

680,000

177

10.01%

89,903,903

21.64%

428,000

695,000

200

9.95%

102,533,452

21.36%

1,768

100.00%

415,450,363

100.00%

2,011

100.00%

480,119,392

100.00%

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

5.25%

6.05%

175

9.90%

51,118,036

12.30%

5.13%

6.09%

200

9.95%

57,864,516

12.05%

6.05%

6.23%

2.60%

12,199,673

2.94%

6.09%

6.27%

131

6.51%

36,568,091

7.62%

6.23%

6.42%

138

7.81%

37,632,449

9.06%

6.27%

6.44%

3.38%

17,740,948

3.70%

6.42%

6.61%

169

9.56%

41,032,128

9.88%

6.44%

6.61%

190

9.45%

47,233,509

9.84%

6.61%

6.80%

159

8.99%

40,073,156

9.65%

6.61%

6.78%

173

8.60%

44,585,470

9.29%

6.80%

6.99%

296

16.74%

77,513,620

18.66%

6.78%

6.99%

338

16.81%

88,174,009

18.37%

6.99%

7.19%

3.56%

14,758,358

3.55%

6.99%

7.19%

3.88%

18,281,093

3.81%

7.19%

7.38%

127

7.18%

30,551,434

7.35%

7.19%

7.38%

148

7.36%

35,952,543

7.49%

7.38%

7.56%

141

7.98%

30,044,511

7.23%

7.38%

7.56%

174

8.65%

38,590,374

8.04%

7.56%

7.75%

108

6.11%

20,878,146

5.03%

7.56%

7.75%

121

6.02%

24,478,389

5.10%

7.75%

8.00%

180

10.18%

31,026,771

7.47%

7.75%

8.00%

205

10.19%

37,159,062

7.74%

8.00%

10.91%

166

9.39%

28,622,082

6.89%

8.00%

10.91%

185

9.20%

33,491,388

6.98%

1,768

100.00%

415,450,363

100.00%

2,011

100.00%

480,119,392

100.00%

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

Distribution Date: 26-Jun-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

22-Jun-2006 08:18

Page 23 of 32

1,087

284,848,659

68.56%

350.60

6.98%

1,264

334,746,775

69.72%

360.00

7.00%

641

121,003,128

29.13%

344.70

6.91%

704

135,128,491

28.14%

354.27

6.91%

9,598,577

2.31%

350.52

6.78%

10,244,125

2.13%

360.00

6.78%

1,768

415,450,363

100.00%

2,011

480,119,392

100.00%

1,298

306,133,998

73.69%

348.77

6.94%

1,484

356,506,533

74.25%

358.28

6.96%

181

46,886,802

11.29%

348.54

7.02%

199

51,521,198

10.73%

358.08

7.04%

195

41,656,060

10.03%

349.56

6.88%

218

46,906,530

9.77%

359.01

6.93%

20,773,503

5.00%

349.92

7.14%

110

25,185,131

5.25%

359.36

7.17%

1,768

415,450,363

100.00%

2,011

480,119,392

100.00%

SF Unattached Dwelling

PUD

Condo - High Facility

Multifamily

Total

SF Unattached Dwelling

PUD

Condo - High Facility

Multifamily

Total

WAMM

WAC

228 ARM

Fixed 1st Lien

327 ARM

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

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

Distribution Date: 26-Jun-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)

228 ARM

Fixed 1st Lien

327 ARM

22-Jun-2006 08:18

Page 24 of 32

Mortgage Loan Characteristics Part II

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

Distribution Date: 26-Jun-06

1,563

379,480,840

91.34%

349.06

6.91%

1,785

439,316,230

91.50%

358.53

6.93%

181

30,742,021

7.40%

346.39

7.42%

201

34,991,344

7.29%

356.33

7.45%

5,227,501

1.26%

350.36

7.69%

5,811,817

1.21%

360.00

7.75%

1,768

415,450,363

100.00%

2,011

480,119,392

100.00%

1,236

286,593,232

68.98%

348.61

6.95%

1,425

337,562,067

70.31%

358.16

6.97%

434

110,235,686

26.53%

350.15

6.94%

472

120,484,512

25.09%

359.62

6.97%

18,621,445

4.48%

345.43

7.07%

114

22,072,812

4.60%

355.16

7.07%

1,768

415,450,363

100.00%

2,011

480,119,392

100.00%

Total

Refinance/Equity Takeout

Purchase

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

Refinance/Equity Takeout

Purchase

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

22-Jun-2006 08:18

Page 25 of 32

Mortgage Loan Characteristics Part II

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

Distribution Date: 26-Jun-06

1,768

415,450,363

100.00%

348.88

6.95%

2,011

480,119,392

100.00%

358.39

6.97%

Peoples Choice

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

22-Jun-2006 08:18

Page 26 of 32

WAMM

WAC

California

654

214,598,262

51.65%

351

6.75%

Florida

289

54,713,343

13.17%

347

7.12%

Maryland

21,424,889

5.16%

350

6.90%

Illinois

107

18,879,461

4.54%

350

7.35%

Nevada

15,452,576

3.72%

351

7.00%

Hawaii

12,903,328

3.11%

339

6.54%

Arizona

8,974,752

2.16%

349

7.40%

Ohio

8,028,186

1.93%

348

7.50%

Michigan

6,053,117

1.46%

349

7.31%

Georgia

6,007,617

1.45%

344

7.85%

Remaining

310

48,414,833

11.65%

345

7.31%

WAMM

WAC

California

772

251,874,697

52.46%

360

6.79%

Florida

323

61,772,743

12.87%

357

7.14%

Maryland

117

27,402,900

5.71%

359

6.91%

Illinois

120

21,434,441

4.46%

359

7.36%

Nevada

17,886,378

3.73%

360

6.95%

Hawaii

15,506,169

3.23%

350

6.64%

Arizona

9,756,294

2.03%

357

7.40%

Ohio

8,987,007

1.87%

357

7.56%

Michigan

6,932,442

1.44%

358

7.32%

Georgia

6,493,166

1.35%

353

7.82%

Remaining

325

52,073,156

10.85%

355

7.32%

(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: 26-Jun-06

Geographic Concentration

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

Top 10 Current State Concentration

California

Illinois

Maryland

Florida

Georgia

Michigan

Ohio

Arizona

Hawaii

Nevada

Remaining

22-Jun-2006 08:18

Page 27 of 32

15810850

200606

0.00

10.25

15810854

200606

0.00

10.00

15810869

200606

0.00

100.25

15810971

200606

0.00

8.15

15811021

200606

0.00

10.25

15811121

200606

0.00

10.00

15811430

200606

0.00

1.00

15811693

200606

0.00

110.25

15811747

200606

0.00

21.50

15812115

200606

0.00

112.50

15812428

200606

0.00

110.25

15812525

200606

0.00

112.50

15812570

200606

0.00

2.00

15812797

200606

0.00

12.50

15812933

200606

0.00

112.50

Current Total

0.00

721.15

Cumulative

0.00

864.40

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

(12.50)

(100.00)

(721.15)

(864.40)

(112.50)

(100.00)

(112.50)

(2.00)

(10.25)

(10.00)

(100.25)

(8.15)

(10.25)

(10.00)

(1.00)

0.00

(110.25)

(21.50)

0.00

Distribution Date: 26-Jun-06

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

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

22-Jun-2006 08:18

Page 28 of 32

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

26-Jun-06

0.00

(721.15)

721.15

864.40

25-May-06

0.00

(143.25)

143.25

25-Apr-06

0.00

27-Mar-06

0.00

27-Feb-06

0.00

Total

0.00

(864.40)

864.40

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

Total (All Loans)

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

Distribution Date: 26-Jun-06

Historical Realized Loss Summary

Recovery on Prior

Liquidations

Claims on Prior Liquidations

(Claims)/Recoveries on

Prior Payoffs

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

22-Jun-2006 08:18

Page 29 of 32

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: 26-Jun-06

Realized Loss Summary

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

0.00%

0.57%

1.14%

1.71%

2.29%

2.86%

3.43%

4.00%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

0.00%

4.29%

8.57%

12.86%

17.14%

21.43%

25.71%

30.00%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

143%

286%

429%

571%

714%

857%

1000%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

22-Jun-2006 08:18

Page 30 of 32

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: 26-Jun-06

Material Breaches Detail

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 31 of 32

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: 26-Jun-06

Modified Loan Detail

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2006-PC1

22-Jun-2006 08:18

Page 32 of 32

Bear Stearns Asset Backed Securities I Trust 2006-PC1 10-D