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:

Robert Waddell

312.904.6257

Cash Reconciliation Summary

robert.waddell@abnamro.com

Pool Detail and Performance Indicators

LaSalle Website:

www.etrustee.net

Bond Interest Reconciliation Part I

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

12-14

15 Month Loan Status Summary Part II

15-17

15 Month Historical Payoff Summary

18-19

Prepayment Summary

Mortgage Loan Characteristics Part I

Mortgage Loan Characteristics Part II

22-24

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:

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

27-Mar-06

Rated Final

Payment Date:

25-Mar-36

Underwriter: Bear Stearns & Co. Inc.

Closing Date:

28-Feb-06

Master Servicer: EMC Mortgage Corporation

Record Date:

23-Jun-06

Issuer: Bear Stearns Asset Backed Securities I LLC

Distribution Count:

Depositor: Bear Stearns Asset Backed Securities, Inc.

Prior Payment:

25-May-06

Next Payment:

25-Jul-06

ABN AMRO Acct : 723472.1

Payment Date:

26-Jun-06

Distribution Date: 26-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

A-1

785778QJ3

458,139,000.00

402,415,896.79

17,471,390.83

0.00

384,944,505.96

1,881,965.01

0.00

5.2612500000%

A-2

785778QK0

36,369,000.00

28,098,210.96

2,593,218.60

0.00

25,504,992.36

128,908.35

0.00

5.1612500000%

A-3

785778QL8

31,631,000.00

0.00

31,631,000.00

149,333.47

0.00

5.3112500000%

M-1

785778QM6

40,040,000.00

0.00

40,040,000.00

195,795.60

0.00

5.5012500000%

M-2

785778QN4

38,544,000.00

0.00

38,544,000.00

189,508.00

0.00

5.5312500000%

M-3

785778QP9

16,465,000.00

0.00

16,465,000.00

81,245.63

0.00

5.5512500000%

M-4

785778QQ7

17,214,000.00

0.00

17,214,000.00

86,624.67

0.00

5.6612500000%

M-5

785778QR5

15,342,000.00

0.00

15,342,000.00

77,477.10

0.00

5.6812500000%

M-6

785778QS3

11,226,000.00

0.00

11,226,000.00

57,489.59

0.00

5.7612500000%

B-1

785778QT1

12,349,000.00

0.00

12,349,000.00

70,595.12

0.00

6.4312500000%

B-2

785778QU8

10,478,000.00

0.00

10,478,000.00

62,227.68

0.00

6.6812500000%

B-3

785778QV6

10,478,000.00

0.00

10,478,000.00

72,472.83

0.00

7.7812500000%

B-4

785778QW4

8,981,000.00

0.00

8,981,000.00

68,505.07

0.00

8.5812500000%

785778QX2

748,420,525.54 N

684,425,236.65

0.00

664,360,627.23

3,311,937.18

282,835.40

N/A

R-1

785778QY0

0.00

N/A

R-2

785778RA1

0.00

N/A

R-3

785778RB9

0.00

N/A

785778QZ7

0.00

N/A

Total

707,256,000.00

643,262,107.75

20,064,609.43

0.00

623,197,498.32

6,434,085.30

282,835.40

Total P&I Payment

26,498,694.73

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 2006-3

Distribution Date: 26-Jun-06

Pass-Through

Rate

Deferred Interest

Ending Certificate

Balance

Interest Payment

(2)

23-Jun-2006 11:30

Page 2 of 30

A-1

785778QJ3

458,139,000.00

878.370749467

38.135567655

0.000000000

840.235181812

4.107847204

0.000000000

5.50250000%

A-2

785778QK0

36,369,000.00

772.586844840

71.302994308

0.000000000

701.283850532

3.544456818

0.000000000

5.40250000%

A-3

785778QL8

31,631,000.00

1000.000000000

0.000000000

1000.000000000

4.721111252

0.000000000

5.55250000%

M-1

785778QM6

40,040,000.00

1000.000000000

0.000000000

1000.000000000

4.890000000

0.000000000

5.74250000%

M-2

785778QN4

38,544,000.00

1000.000000000

0.000000000

1000.000000000

4.916666667

0.000000000

5.77250000%

M-3

785778QP9

16,465,000.00

1000.000000000

0.000000000

1000.000000000

4.934444579

0.000000000

5.79250000%

M-4

785778QQ7

17,214,000.00

1000.000000000

0.000000000

1000.000000000

5.032222029

0.000000000

5.90250000%

M-5

785778QR5

15,342,000.00

1000.000000000

0.000000000

1000.000000000

5.050000000

0.000000000

5.92250000%

M-6

785778QS3

11,226,000.00

1000.000000000

0.000000000

1000.000000000

5.121110814

0.000000000

6.00250000%

B-1

785778QT1

12,349,000.00

1000.000000000

0.000000000

1000.000000000

5.716666937

0.000000000

6.67250000%

B-2

785778QU8

10,478,000.00

1000.000000000

0.000000000

1000.000000000

5.938889101

0.000000000

6.92250000%

B-3

785778QV6

10,478,000.00

1000.000000000

0.000000000

1000.000000000

6.916666349

0.000000000

8.02250000%

B-4

785778QW4

8,981,000.00

1000.000000000

0.000000000

1000.000000000

7.627777530

0.000000000

8.82250000%

785778QX2

748,420,525.54 N

914.492873049

0.000000000

887.683601075

4.425235636

0.377909732

N/A

R-1

785778QY0

0.00

0.000000000

N/A

R-2

785778RA1

0.00

0.000000000

N/A

R-3

785778RB9

0.00

0.000000000

N/A

785778QZ7

0.00

0.000000000

N/A

Bond Payments

Current Realized

Loss *

Original Face

Value

Class

CUSIP

Beginning Certificate

Balance *

Principal Payment

Series 2006-3

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: 26-Jun-06

23-Jun-2006 11:30

Page 3 of 30

Interest Summary

Principal Summary

Reserve Fund

Interest Summary

Principal Summary

Beginning Balance

5,000.00

Scheduled Interest

6,443,271.33

Scheduled Prin Distribution

268,977.27

Withdrawal from Trust

0.00

Fees

292,021.43

Curtailments

646,791.71

Reimbursement from Waterfall

0.00

Remittance Interest

6,151,249.90

Prepayments in Full

19,125,902.55

Ending Balance

5,000.00

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

19,576.83

Prepayment Penalties

77,222.30

Repurchase Proceeds

0.00

Swap Agreement

Other Interest Loss

0.00

Other Principal Proceeds

999.16

Other Interest Proceeds

701.60

Remittance Principal

20,062,247.52

Net Swap payment payable to the Swap

Non-advancing Interest

(20,971.33)

Administrator

228,244.68

Net PPIS/Relief Act Shortfall

0.00

Net Swap payment payable to the Swap Provider

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

56,952.57

Swap Termination payment payable to the Swap

Interest Adjusted

6,208,202.46

Administrator

0.00

Fee Summary

Swap Termination payment payable to the Swap

0.00

Total Servicing Fees

285,177.18

Provider

Total Trustee Fees

6,844.25

LPMI Fees

0.00

Credit Manager's Fees

0.00

Misc. Fees / Trust Expense

0.00

Insurance Premium

0.00

Total Fees

292,021.43

Advances (Principal & Interest)

Prior Month's Outstanding Advances

6,171,883.71

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

6,011,608.02

P&I Due Certificate Holders

26,498,694.67

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 4 of 30

Bulk Loans

Flow Loans

Total

Interest Summary

Scheduled Interest

4,021,668.91

2,421,602.42

6,443,271.33

Fees

183,228.79

101,948.39

285,177.18

Remittance Interest

3,834,042.62

2,317,207.27

6,151,249.90

Other Interest Proceeds/Shortfalls

Prepayment Penalties

55,086.92

22,135.38

77,222.30

Other Interest Loss

0.00

Other Interest Proceeds

418.36

283.24

701.60

Non-advancing Interest

(17,051.73)

(3,919.60)

(20,971.33)

Net PPIS/Relief Act Shortfall

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

38,453.55

18,499.02

56,952.57

Interest Adjusted

3,872,496.17

2,335,706.29

6,208,202.46

Principal Summary

Scheduled Principal Distribution

193,298.04

75,679.23

268,977.27

Curtailments

282,766.36

364,025.35

646,791.71

Prepayments in Full

11,910,069.49

7,215,833.06

19,125,902.55

Liquidation Proceeds

19,576.83

0.00

19,576.83

Repurchase Proceeds

0.00

Other Principal Proceeds

999.16

0.00

999.16

Less Mod Losses

0.00

Remittance Principal

12,406,709.88

7,655,537.64

20,062,247.52

Fee Summary

Total Servicing Fees

183,228.79

101,948.39

285,177.18

Total Trustee Fees

4,397.49

2,446.76

6,844.25

LPMI Fees

0.00

Total Fees

183,228.79

101,948.39

285,177.18

Beginning Principal Balance

439,749,105.88

244,676,130.77

684,425,236.65

Ending Principal Balance

427,340,034.10

237,020,593.13

664,360,627.23

Advances (Principal & Interest)

Prior Month's Outstanding Advances

3,873,770.00

2,298,120.00

6,171,890.00

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

3,775,101.17

2,236,506.85

6,011,608.02

Distribution Date: 26-Jun-06

Cash Reconciliation Summary (By Product)

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 5 of 30

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Cut-off Pool Balance

748,420,525.54 14,412

3 mo. Rolling Average

8,459,784

684,860,975

1.25%

WAC - Current

10.78%

0.00%

10.78%

Cum Scheduled Principal

1,091,018.60

6 mo. Rolling Average

6,504,010

695,054,472

0.96%

WAC - Original

10.81%

0.00%

10.81%

Cum Unscheduled Principal

82,645,142.88

12 mo. Rolling Average

6,504,010

695,054,472

0.96%

WAL - Current

255.32

0.00

255.32

Cum Liquidations

323,736.83

Loss Levels

Amount

Count

WAL - Original

257.71

0.00

257.71

Cum Deferred Interest

0.00

3 mo. Cum Loss

27,297.20

6 mo. Cum loss

32,602.35

Current Index Rate

Current

Amount

Count

12 mo. Cum Loss

32,602.35

Next Index Rate

Beginning Pool

684,425,236.65 13,387

91.45%

Scheduled Principal

268,977.27

0.04%

Triggers

Unscheduled Principal

19,772,694.26

328

2.64%

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Liquidations

22,937.89

0.00%

Delinquency Event Calc

(1)

8,459,783.52

684,860,975

1.25%

Repurchases

0.00

0.00%

Ending Pool

664,360,627.23 13,056

88.77%

> Loss Trigger Event?

(3)

Average Loan Balance

50,885.46

Cumulative Loss

32,393

0.00%

Current Loss Detail

Amount

> Overall Trigger Event?

Liquidation

22,937.89

Pool Composition

Realized Loss

3,361.06

Step Down Date

Realized Loss Adjustment

(999.16)

Distribution Count

Properties

%/Score

Net Liquidation

20,575.99

Current Specified Enhancement %

(4)

33.46%

Cut-off LTV

20.08%

Step Down %

(5)

59.40%

Cash Out/Refinance

12.52%

Credit Enhancement

Amount

Delinquent Event Threshold %

(6)

7.00%

SFR

53.76%

Original OC

41,164,525.54

5.50%

> Step Down Date?

Target OC

41,163,128.90

5.50%

Min

Max

Beginning OC

41,163,128.90

Extra Principal

2,361.90

FICO

495

825

691.20

OC Amount per PSA

41,160,767.00

5.50%

Cumulative Extra Principal

31,420.22

Ending OC

41,163,128.91

OC Release

N/A

Non-Senior Certificates

181,117,000.00 24.20%

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

Owner Occupied

549,925,057.02

73.48%

Balance

150,279,163.33

93,698,976.19

402,375,721.68

Misc/Additional Information

Pool Level Information

5.081250%

5.322500%

Distribution Date: 26-Jun-06

Pool Detail and Performance Indicators Total (All Loans)

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 6 of 30

A-1

Act/360

402,415,896.79

5.261250000%

1,881,965.01

0.00

1,881,965.01

0.00

A-2

Act/360

28,098,210.96

5.161250000%

128,908.35

0.00

128,908.35

0.00

A-3

Act/360

31,631,000.00

5.311250000%

149,333.47

0.00

149,333.47

0.00

M-1

Act/360

40,040,000.00

5.501250000%

195,795.60

0.00

195,795.60

0.00

M-2

Act/360

38,544,000.00

5.531250000%

189,508.00

0.00

189,508.00

0.00

M-3

Act/360

16,465,000.00

5.551250000%

81,245.63

0.00

81,245.63

0.00

M-4

Act/360

17,214,000.00

5.661250000%

86,624.67

0.00

86,624.67

0.00

M-5

Act/360

15,342,000.00

5.681250000%

77,477.10

0.00

77,477.10

0.00

M-6

Act/360

11,226,000.00

5.761250000%

57,489.59

0.00

57,489.59

0.00

B-1

Act/360

12,349,000.00

6.431250000%

70,595.12

0.00

70,595.12

0.00

B-2

Act/360

10,478,000.00

6.681250000%

62,227.68

0.00

62,227.68

0.00

B-3

Act/360

10,478,000.00

7.781250000%

72,472.83

0.00

72,472.83

0.00

B-4

Act/360

8,981,000.00

8.581250000%

68,505.07

0.00

68,505.07

0.00

30/360

684,425,236.65

5.310910000%

3,029,101.78

305,466.98

0.00

3,334,568.76

3,311,937.18

0.00

R-1

30/360

0.00

0.000000000%

0.00

R-2

30/360

0.00

0.000000000%

0.00

R-3

30/360

0.00

0.000000000%

0.00

30/360

0.00

0.000000000%

0.00

Total

643,262,107.75

6,151,249.90

305,466.98

0.00

6,456,716.88

6,434,085.30

0.00

- - Accrual - -

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

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

Class

Accrual

Certificate

Interest

Distribution Date: 26-Jun-06

Pass-Thru Rate

Total Interest

Additions

Distributable

Certificate

Interest

Bond Interest Reconciliation - Part I

Opening Balance

(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

23-Jun-2006 11:30

Page 7 of 30

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

B-1

23-Jun-06

25-May-06

26-Jun-06

0.00

B-2

23-Jun-06

25-May-06

26-Jun-06

0.00

B-3

23-Jun-06

25-May-06

26-Jun-06

0.00

B-4

31-May-06

25-May-06

26-Jun-06

0.00

31-May-06

1-May-06

1-Jun-06

0.00

77,222.30

0.00

228,244.68

0.00

R-1

31-May-06

1-May-06

1-Jun-06

0.00

R-2

31-May-06

1-May-06

1-Jun-06

0.00

R-3

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

77,222.30

0.00

228,244.68

0.00

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 - Part II

Other Interest

Losses

Prepayment

Premiums

Record Date

Class

Interest Rate

SWAP Agreement

Deposits from YM

Agreement

Prior Int Carry-Fwd

Shortfall

Distribution Date: 26-Jun-06

Mortgage-Backed Certificates

Series 2006-3

Prior Interest Due

Date

Current Interest

Due Date

Prior Shortfall

Reimbursement

Other Interest

Proceeds

(1)

23-Jun-2006 11:30

Page 8 of 30

A-1

458,139,000.00

402,415,896.79

234,213.73

17,235,120.46

2,056.64

0.00

384,944,505.96

25-Mar-36

N/A

A-2

36,369,000.00

28,098,210.96

34,763.54

2,558,149.80

305.26

0.00

25,504,992.36

25-Mar-36

N/A

A-3

31,631,000.00

0.00

31,631,000.00

25-Mar-36

N/A

M-1

40,040,000.00

0.00

40,040,000.00

25-Mar-36

N/A

M-2

38,544,000.00

0.00

38,544,000.00

25-Mar-36

N/A

M-3

16,465,000.00

0.00

16,465,000.00

25-Mar-36

N/A

M-4

17,214,000.00

0.00

17,214,000.00

25-Mar-36

N/A

M-5

15,342,000.00

0.00

15,342,000.00

25-Mar-36

N/A

M-6

11,226,000.00

0.00

11,226,000.00

25-Mar-36

N/A

B-1

12,349,000.00

0.00

12,349,000.00

25-Mar-36

N/A

B-2

10,478,000.00

0.00

10,478,000.00

25-Mar-36

N/A

B-3

10,478,000.00

0.00

10,478,000.00

25-Mar-36

N/A

B-4

8,981,000.00

0.00

8,981,000.00

25-Mar-36

N/A

748,420,525.54

684,425,236.65

0.00

664,360,627.23

25-Mar-36

N/A

R-1

0.00

25-Mar-36

N/A

R-2

0.00

25-Mar-36

N/A

R-3

0.00

25-Mar-36

N/A

0.00

25-Mar-36

N/A

Total

707,256,000.00

643,262,107.75

268,977.27

19,793,270.26

2,361.90

0.00

623,197,498.32

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Current

Original

Interest on

Losses

Scheduled Principal

Payment

Cumulative

Losses

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

Extra

Principal
Payment

Prior
Loss

Reimburs.

23-Jun-2006 11:30

Page 9 of 30

Class

CUSIP

Fitch

Moody's

DBRS

S&P

A-1

785778QJ3

Aaa

AAA

A-2

785778QK0

Aaa

AAA

A-3

785778QL8

Aaa

AAA

M-1

785778QM6

Aa1

AA+

M-2

785778QN4

Aa2

M-3

785778QP9

Aa3

AA-

M-4

785778QQ7

A+

M-5

785778QR5

M-6

785778QS3

A-

B-1

785778QT1

Baa1

BBB+

B-2

785778QU8

Baa2

BBB

B-3

785778QV6

Baa3

BBB-

B-4

785778QW4

Ba1

BB+

785778QX2

Ratings Information

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

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

23-Jun-2006 11:30

Page 10 of 30

Type

Count

Count (%)

Scheduled UPB

Sched UPB (%)

Arrears

Arrears (%)

REO Book Value

12785

95.5031%

647,327,176.32

96.1803%

0.00

0.0000%

0.00

199

1.4865%

12,984,064.63

1.9292%

0.00

0.0000%

0.00

100

0.7470%

6,074,646.36

0.9026%

0.00

0.0000%

0.00

90+

103

0.7694%

5,938,190.63

0.8823%

0.00

0.0000%

0.00

BKY0

0.0747%

334,349.83

0.0497%

0.00

0.0000%

0.00

BKY30

0.0149%

44,196.35

0.0066%

0.00

0.0000%

0.00

BKY60

0.0224%

193,890.38

0.0288%

0.00

0.0000%

0.00

BKY90+

0.0149%

47,017.02

0.0070%

0.00

0.0000%

0.00

F/C90+

0.0075%

91,234.22

0.0136%

0.00

0.0000%

0.00

PIF

182

1.3595%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

13387

100.0000%

673,034,765.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

410

3.0627%

25,373,239.00

3.7700%

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 11 of 30

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

26-Jun-06

12,639

638,937,227

197

12,803,378

5,994,530

103

5,914,804

619,454

91,234

25-May-06

13,082

666,479,832

162

9,688,559

5,059,694

2,790,600

406,552

25-Apr-06

13,491

692,401,524

136

8,893,054

3,726,422

343,368

432,692

27-Mar-06

13,860

716,601,474

160

8,396,798

244,796

391,895

26-Jun-06

96.81%

96.17%

1.51%

1.93%

0.76%

0.90%

0.79%

0.89%

0.13%

0.09%

0.01%

0.00%

25-May-06

97.72%

97.38%

1.21%

1.42%

0.63%

0.74%

0.36%

0.41%

0.08%

0.06%

0.00%

25-Apr-06

98.40%

98.10%

0.99%

1.26%

0.49%

0.53%

0.02%

0.05%

0.10%

0.06%

0.00%

27-Mar-06

98.72%

98.76%

1.14%

1.16%

0.03%

0.00%

0.11%

0.05%

0.00%

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 12 of 30

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

26-Jun-06

8,182

410,695,048

145

8,182,983

4,241,632

3,715,068

505,303

25-May-06

8,474

427,930,638

122

6,841,244

2,345,911

2,338,932

292,381

25-Apr-06

8,740

444,551,749

4,287,356

3,257,211

343,368

324,472

27-Mar-06

8,955

458,079,984

146

7,512,844

207,801

310,191

26-Jun-06

96.42%

96.10%

1.71%

1.91%

0.88%

0.99%

0.82%

0.87%

0.16%

0.12%

0.00%

25-May-06

97.46%

97.31%

1.40%

1.56%

0.55%

0.53%

0.49%

0.53%

0.09%

0.07%

0.00%

25-Apr-06

98.22%

98.19%

0.94%

0.95%

0.69%

0.72%

0.03%

0.08%

0.11%

0.07%

0.00%

27-Mar-06

98.23%

98.28%

1.60%

1.61%

0.03%

0.04%

0.00%

0.13%

0.07%

0.00%

Group 1 Bulk Loans

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Group 1 Bulk Loans

23-Jun-2006 11:30

Page 13 of 30

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

26-Jun-06

4,457

228,242,179

4,620,394

1,752,898

2,199,737

114,151

91,234

25-May-06

4,608

238,549,194

2,847,315

2,713,783

451,668

114,171

25-Apr-06

4,751

247,849,774

4,605,699

469,211

108,220

27-Mar-06

4,905

258,521,490

883,954

36,995

81,704

26-Jun-06

97.53%

96.30%

1.14%

1.95%

0.53%

0.74%

0.72%

0.93%

0.07%

0.05%

0.02%

0.04%

0.00%

25-May-06

98.21%

97.50%

0.85%

1.16%

0.77%

1.11%

0.11%

0.18%

0.06%

0.05%

0.00%

25-Apr-06

98.71%

97.95%

1.08%

1.82%

0.12%

0.19%

0.00%

0.08%

0.04%

0.00%

27-Mar-06

99.63%

99.61%

0.28%

0.34%

0.02%

0.01%

0.00%

0.06%

0.03%

0.00%

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Group 1 Flow Loans

23-Jun-2006 11:30

Page 14 of 30

Balance

26-Jun-06

91,234

334,350

44,196

193,890

47,017

25-May-06

301,106

78,911

26,535

25-Apr-06

406,149

26,544

27-Mar-06

391,895

26-Jun-06

0.00%

0.01%

0.00%

0.08%

0.05%

0.02%

0.01%

0.02%

0.03%

0.02%

0.01%

25-May-06

0.00%

0.06%

0.04%

0.01%

0.00%

25-Apr-06

0.00%

0.09%

0.06%

0.01%

0.00%

27-Mar-06

0.00%

0.11%

0.05%

0.00%

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 15 of 30

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

26-Jun-06

302,706

44,196

137,910

20,490

25-May-06

269,451

22,931

25-Apr-06

324,472

27-Mar-06

310,191

26-Jun-06

0.00%

0.11%

0.07%

0.02%

0.01%

0.02%

0.03%

0.01%

0.00%

25-May-06

0.00%

0.08%

0.06%

0.01%

0.00%

25-Apr-06

0.00%

0.11%

0.07%

0.00%

27-Mar-06

0.00%

0.13%

0.07%

0.00%

Group 1 Bulk Loans

23-Jun-2006 11:30

Page 16 of 30

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

26-Jun-06

91,234

31,644

55,980

26,527

25-May-06

31,655

55,980

26,535

25-Apr-06

81,677

26,544

27-Mar-06

81,704

26-Jun-06

0.00%

0.02%

0.04%

0.00%

0.02%

0.01%

0.00%

0.02%

0.01%

25-May-06

0.00%

0.02%

0.01%

0.02%

0.01%

0.00%

25-Apr-06

0.00%

0.06%

0.03%

0.02%

0.01%

0.00%

27-Mar-06

0.00%

0.06%

0.03%

0.00%

Group 1 Flow Loans

23-Jun-2006 11:30

Page 17 of 30

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

26-Jun-06

13,056 664,360,627

328

19,125,903

0.00

19,576.83

3,361

255

11.30%

10.79%

25-May-06

13,387 684,425,237

324

20,658,090

0.00

256

11.31%

10.80%

25-Apr-06

13,711 705,797,060

327

19,035,472

0.00

43,619.95

26,192

257

11.31%

10.80%

27-Mar-06

14,039 725,634,963

369

21,829,650

0.00

225,681.51

5,305

258

11.32%

10.81%

26-Jun-06

8,486

427,340,034

206

11,910,069

0.00

19,576.83

3,361

233

10.97%

10.46%

25-May-06

8,695

439,749,106

203

12,587,025

0.00

233

10.98%

10.47%

25-Apr-06

8,898

452,764,156

217

12,812,513

0.00

43,619.95

26,192

234

10.99%

10.48%

27-Mar-06

9,116

466,110,820

229

12,747,799

0.00

105,133.07

3,417

235

11.00%

10.49%

Curr Weighted Avg.

Total (All Loans)

Group 1 Bulk Loans

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Distribution Date: 26-Jun-06

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 18 of 30

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

26-Jun-06

4,570

237,020,593

122

7,215,833

0.00

296

11.88%

11.36%

25-May-06

4,692

244,676,131

121

8,071,065

0.00

297

11.89%

11.38%

25-Apr-06

4,813

253,032,904

110

6,222,959

0.00

298

11.89%

11.38%

27-Mar-06

4,923

259,524,143

140

9,081,850

0.00

120,548.44

1,888

299

11.89%

11.38%

Group 1 Flow Loans

23-Jun-2006 11:30

Page 19 of 30

SMM (Single Monthly Mortality)

Total

Current Period

2.80%

3-Month Average

2.78%

6-Month Average

2.82%

12-Month Average

2.82%

Average Since Cut-Off

2.82%

CPR (Conditional Prepayment Rate)

Total

Current Period

28.84%

3-Month Average

28.72%

6-Month Average

29.02%

12-Month Average

29.02%

Average Since Cut-Off

29.02%

PSA (Public Securities Association)

Total

Current Period

481%

3-Month Average

479%

6-Month Average

484%

12-Month Average

484%

Average Since Cut-Off

484%

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

229%

457%

686%

914%

1143%

1371%

1600%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

23-Jun-2006 11:30

Page 20 of 30

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

19,000

1,354

10.37%

20,087,995

3.02%

19,000

1,460

10.13%

21,731,874

2.90%

19,000

23,000

893

6.84%

18,736,781

2.82%

19,000

23,000

953

6.61%

20,026,263

2.68%

23,000

27,000

1,173

8.98%

29,473,052

4.44%

23,000

27,000

1,260

8.74%

31,694,082

4.23%

27,000

31,000

1,054

8.07%

30,564,740

4.60%

27,000

31,000

1,133

7.86%

32,904,714

4.40%

31,000

35,000

1,029

7.88%

34,004,350

5.12%

31,000

35,000

1,120

7.77%

37,069,042

4.95%

35,000

40,000

1,053

8.07%

39,507,146

5.95%

35,000

41,000

1,314

9.12%

49,855,036

6.66%

40,000

51,000

1,807

13.84%

82,171,435

12.37%

41,000

52,000

1,996

13.85%

92,594,024

12.37%

51,000

62,000

1,327

10.16%

74,729,743

11.25%

52,000

63,000

1,436

9.96%

82,409,598

11.01%

62,000

73,000

928

7.11%

62,446,120

9.40%

63,000

74,000

1,004

6.97%

68,606,597

9.17%

73,000

84,000

715

5.48%

55,774,212

8.40%

74,000

85,000

795

5.52%

62,799,522

8.39%

84,000

94,000

421

3.22%

37,471,323

5.64%

85,000

96,000

507

3.52%

45,965,264

6.14%

94,000

450,000

1,302

9.97%

179,393,731

27.00%

96,000

450,000

1,434

9.95%

202,764,509

27.09%

13,056

100.00%

664,360,627

100.00%

14,412

100.00%

748,420,526

100.00%

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

5.75%

9.50%

1,478

11.32%

77,285,953

11.63%

5.75%

9.50%

1,581

10.97%

84,393,109

11.28%

9.50%

9.84%

579

4.43%

31,200,027

4.70%

9.50%

9.88%

1,057

7.33%

57,033,766

7.62%

9.84%

10.19%

1,427

10.93%

75,226,563

11.32%

9.88%

10.25%

1,433

9.94%

79,052,076

10.56%

10.19%

10.53%

983

7.53%

53,539,148

8.06%

10.25%

10.63%

1,110

7.70%

60,289,589

8.06%

10.53%

10.88%

1,012

7.75%

54,252,951

8.17%

10.63%

11.00%

1,308

9.08%

69,197,038

9.25%

10.88%

11.25%

1,098

8.41%

53,154,961

8.00%

11.00%

11.38%

942

6.54%

47,334,057

6.32%

11.25%

11.72%

1,051

8.05%

52,605,841

7.92%

11.38%

11.80%

1,249

8.67%

61,768,365

8.25%

11.72%

12.19%

1,572

12.04%

84,501,845

12.72%

11.80%

12.22%

1,379

9.57%

78,351,165

10.47%

12.19%

12.66%

1,113

8.52%

54,373,707

8.18%

12.22%

12.64%

1,237

8.58%

62,865,518

8.40%

12.66%

13.13%

961

7.36%

45,058,066

6.78%

12.64%

13.06%

905

6.28%

42,551,069

5.69%

13.13%

13.63%

792

6.07%

37,021,519

5.57%

13.06%

13.50%

910

6.31%

44,655,204

5.97%

13.63%

18.38%

990

7.58%

46,140,045

6.95%

13.50%

18.38%

1,301

9.03%

60,929,567

8.14%

13,056

100.00%

664,360,627

100.00%

14,412

100.00%

748,420,526

100.00%

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

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

23-Jun-2006 11:30

Page 21 of 30

13,056

664,360,627

100.00%

255.29

11.29%

14,412

748,420,526

100.00%

261.52

11.32%

13,056

664,360,627

100.00%

14,412

748,420,526

100.00%

7,379

355,814,874

53.56%

256.34

11.21%

8,103

399,063,442

53.32%

262.20

11.24%

3,094

169,790,715

25.56%

255.83

11.24%

3,474

196,658,629

26.28%

262.86

11.28%

1,386

79,764,321

12.01%

246.59

11.61%

1,510

87,484,610

11.69%

252.78

11.65%

1,060

50,057,507

7.53%

257.77

11.36%

1,173

55,598,994

7.43%

263.04

11.42%

5,899,197

0.89%

247.61

12.19%

6,302,570

0.84%

257.90

12.16%

3,034,013

0.46%

303.28

11.63%

3,312,280

0.44%

312.36

11.70%

13,056

664,360,627

100.00%

14,412

748,420,526

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 2006-3

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)

Fixed 2nd Lien

23-Jun-2006 11:30

Page 22 of 30

Mortgage Loan Characteristics Part II

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 26-Jun-06

7,908

446,802,298

67.25%

257.88

10.87%

8,638

500,961,818

66.94%

264.33

10.89%

4,321

174,008,298

26.19%

250.92

12.36%

4,858

198,495,469

26.52%

256.61

12.39%

827

43,550,032

6.56%

246.10

11.30%

916

48,963,239

6.54%

252.75

11.34%

13,056

664,360,627

100.00%

14,412

748,420,526

100.00%

11,367

581,059,728

87.46%

256.41

11.31%

12,562

654,721,549

87.48%

262.86

11.35%

1,438

72,964,070

10.98%

248.51

11.12%

1,580

82,041,906

10.96%

253.13

11.11%

251

10,336,830

1.56%

240.10

11.00%

270

11,657,070

1.56%

245.36

10.96%

13,056

664,360,627

100.00%

14,412

748,420,526

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

23-Jun-2006 11:30

Page 23 of 30

Mortgage Loan Characteristics Part II

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Distribution Date: 26-Jun-06

13,056

664,360,627

100.00%

255.29

11.29%

13,711

707,158,622

94.49%

262.13

11.31%

Emc Mortgage Corporation

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

23-Jun-2006 11:30

Page 24 of 30

WAMM

WAC

California

1,531

134,761,048

20.28%

259

10.87%

Florida

1,616

78,194,808

11.77%

275

11.67%

Arizona

759

42,309,508

6.37%

248

11.75%

Georgia

1,147

41,480,163

6.24%

272

11.76%

Virginia

559

39,616,532

5.96%

250

11.37%

Ohio

1,215

37,932,835

5.71%

237

11.28%

Nevada

520

30,888,154

4.65%

222

11.41%

Maryland

469

29,217,180

4.40%

264

11.43%

Texas

909

28,987,533

4.36%

260

10.65%

New Jersey

401

26,206,070

3.94%

242

11.38%

Remaining

3,930

174,766,797

26.31%

252

11.24%

WAMM

WAC

California

1,724

152,923,230

20.43%

264

10.90%

Florida

1,806

88,292,599

11.80%

282

11.69%

Arizona

884

50,216,808

6.71%

256

11.75%

Virginia

639

46,166,836

6.17%

258

11.41%

Georgia

1,200

44,107,989

5.89%

278

11.77%

Ohio

1,283

40,215,859

5.37%

245

11.31%

Maryland

563

36,136,834

4.83%

271

11.47%

Nevada

564

33,853,868

4.52%

230

11.45%

Texas

947

30,702,849

4.10%

266

10.69%

New Jersey

447

29,072,097

3.88%

248

11.40%

Remaining

4,355

196,731,556

26.29%

258

11.28%

(1)

Based on Current Period Ending Principal Balance

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

Top 10 Current State Concentration

California

Georgia

Arizona

Florida

New Jersey

Texas

Maryland

Nevada

Ohio

Virginia

Remaining

23-Jun-2006 11:30

Page 25 of 30

15865361

200606

19,957.14

19,599.61

357.53

15891138

200606

2,852.93

(21.69)

2,852.93

2,874.62

15891020

200606

127.82

(1.09)

127.82

128.91

15969662

200606

0.00

1,174.12

Current Total

22,937.89

19,576.83

3,338.28

2,339.12

2,361.90

Cumulative

323,736.83

288,878.29

34,835.76

32,579.57

32,602.35

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

0.00

999.16

2,256.19

357.53

2,874.62

128.91

0.00

3,361.06

34,858.54

22.78

0.00

21.69

1.09

0.00

Distribution Date: 26-Jun-06

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

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

23-Jun-2006 11:30

Page 26 of 30

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

26-Jun-06

22,937.89

19,576.83

3,361.06

0.00

999.16

0.00

2,361.90

32,602.35

25-May-06

0.00

423.51

(209.00)

(214.51)

30,240.45

25-Apr-06

69,812.28

43,619.95

26,192.33

0.00

1,042.52

0.00

25,149.81

30,454.96

27-Mar-06

230,986.66

225,681.51

5,305.15

0.00

5,305.15

Total

323,736.83

288,878.29

34,858.54

0.00

2,465.19

(209.00)

32,602.35

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

Total (All Loans)

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

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

23-Jun-2006 11:30

Page 27 of 30

MDR (monthly Default Rate)

Total

Current Period

0.00%

3-Month Average

0.00%

6-Month Average

0.01%

12-Month Average

0.00%

Average Since Cut-Off

0.01%

CDR (Conditional Default Rate)

Total

Current Period

0.04%

3-Month Average

0.05%

6-Month Average

0.09%

12-Month Average

0.05%

Average Since Cut-Off

0.14%

SDA (Standard Default Assumption)

Total

Current Period

1.38%

3-Month Average

1.78%

6-Month Average

3.01%

12-Month Average

1.50%

Average Since Cut-Off

4.51%

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

0.00%

0.57%

1.14%

1.71%

2.29%

2.86%

3.43%

4.00%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

0.00%

4.29%

8.57%

12.86%

17.14%

21.43%

25.71%

30.00%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

143%

286%

429%

571%

714%

857%

1000%

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

23-Jun-2006 11:30

Page 28 of 30

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 29 of 30

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

SACO I Trust

Mortgage-Backed Certificates

Series 2006-3

23-Jun-2006 11:30

Page 30 of 30

SACO I Trust 2006-3 10-D