10-D 1 final_2006-ar3.txt 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from May 1, 2006 to May 31, 2006 Commission File Number of issuing entity: 333-131136-01 -------------------- CITIGROUP MORTGAGE LOAN TRUST 2006-AR3 ------------------------------------------------------------------------ (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-131136 ---------------------- CITIGROUP MORTGAGE LOAN TRUST, INC. ------------------------------------------------------------------------- (Exact name of depositor as specified in its charter) CITIGROUP GLOBAL MARKETS REALTY CORP. ------------------------------------------------------------------------- (Exact name of sponsor as specified in its charter) Delaware ----------------------------------------------------------------------------- (State or other jurisdiction of incorporation or organization of the issuing entity) 11-2418191 ---------------------------------------------------------------------------- (I.R.S. Employer Identification No.) 390 Greenwich Street, New York, NY 10013 ---------------------------------------- ---------- (Address of principal executive offices of the issuing entity) (Zip Code) (212) 816-6000 ------------------------------------------------------------------------- (Telephone number, including area code) -------------------------------------------------------------------------- (Former name, former address, if changed since last report.) Registered/reporting pursuant to (check one) Title Name of exchange of Class Section 12(b) Section 12(g) Section 15(d) (if Section 12(b)) Class 1-A1A { } { } {X} _____________ Class 1-A1B { } { } {X} _____________ Class 1-A2A { } { } {X} _____________ Class 1-A2B { } { } {X} _____________ Class 1-R { } { } {X} _____________ Class 2-A1A { } { } {X} _____________ Class 2-A2A { } { } {X} _____________ Class 2-A12B { } { } {X} _____________ Class 2-A3A { } { } {X} _____________ Class 2-A4A { } { } {X} _____________ Class 2-A34B { } { } {X} _____________ Class 2-1AX { } { } {X} _____________ Class 2-2AX { } { } {X} _____________ Class 2-R { } { } {X} _____________ Class 1-B1 { } { } {X} _____________ Class 1-B2 { } { } {X} _____________ Class 1-B3 { } { } {X} _____________ Class 2-B1 { } { } {X} _____________ Class 2-B2 { } { } {X} _____________ Class 2-B3 { } { } {X} _____________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes{X} No{ } 1 2 PART I Item 1. Distribution and Pool Performance Information See Exhibit 99.1 referred to in PART II, Item 9, Exhibits. PART II Item 9. Exhibits (a) Attached as Exhibit 99.1 is the monthly distribution report for the month of May 2006. 2 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CITIGROUP MORTGAGE LOAN TRUST 2006-AR3 (Issuing Entity) CitiMortgage, Inc. Master Servicer By: /s/ Tommy Harris ---------------------------- Tommy Harris Senior Vice President Dated: June 26, 2006 3 4 EXHIBIT 99.1 ------------ Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMLTI 2006-AR3 Payment Date: 06/26/2006 Issuer: Citigroup Mortgage Loan Trust Inc. Record Date: 31-May-06 Determination Date: See Foot Note Distribution Date: 26-Jun-06 Distribution #: 1 Trustee U.S. Bank National Association Clare M. O'Brien (617) 603-6402 Bond Administrator CitiMortgage, Inc Cathy Johnson (636) 261-1369 Paying Agent: Citibank N.A. Jennifer McCourt (212) 816-5680

6 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificate Holders Remic Pass-Through Certificate Series Name: CMLTI 2006-AR3 Payment Date: 06/26/2006

P Class Interest Paid, represents Prepayment Charges collected by the Master Servicer or any Sub-Servicer in connection with the Principal Prepayment of any of the Mortgage loans or servicer Prepayment Charge Payment Amount. 7 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMLTI 2006-AR3 Payment Date: 06/26/2006

8 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificates Series Name: CMLTI 2006-AR3 Payment Date: 06/26/2006

9 DISTRIBUTION DATE STATEMENT REMIC PASS-THROUGH CERTIFICATE Series Name: CMLTI 2006-AR3 Pmt Date: 6/26/2006 Advances: Aggregate Amount of P&I Advances for such Distribution Date: $7,361,558.53 Summary of Disbursements Withdrawel/ Remittances Residual (Deposit) P&I Distributed ------------------------------------------------------------- $29,908,412.22 $0.00 $0.00 $29,908,412.22 Extraordinary Trust Fund Expenses withdrawn from the Collection $0.00 Account or Distribution Account for such Distribution Date: Loan level information (including data on REO, loans in foreclosure and realized losses) is available on the Citimortgagembs.com website in the payment and summary section of the CMLTI shelf 10 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMLTI 2006-AR3 Payment Date: 06/26/2006 2006-R3 1A COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.20% 6.20% WAM 358 358 357 AVG LTV 77 77 77 AVG LOAN SIZE $267,150 $267,150 $267,234 # OF LOANS 1,088 1,088 1,081 ACTUAL BALANCE $290,667,155.91 $290,667,155.91 $288,887,838.41 SCHEDULED BALANCE $290,658,793.30 $290,658,793.30 $288,879,747.31 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 67.00% Single Family 66.96% Condo 25.09% Condo 25.09% 2-4 Family 4.60% 2-4 Family 4.63% PUD 3.17% PUD 3.18% Other 0.14% Other 0.14% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 26% CA 26% 65% AND BELOW 7% 7% FL 11% FL 11% 65.01-75% 16% 16% VA 6% VA 6% 75.01-80% 75% 75% WA 5% WA 5% OVER 80% 2% 2% MD 5% MD 5% OTHER 47% OTHER 47% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $13,000.47 PRINCIPAL PREPAYMENTS: $1,766,045.52 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 118% 0% 0% 118% PREPAYMENT HISTORY(CPR): 7.05% 0.00% 0.00% 7.05% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R3 1B COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.12% 6.12% WAM 358 358 357 AVG LTV 74 74 74 AVG LOAN SIZE $667,315 $667,315 $664,877 # OF LOANS 1,378 1,378 1,367 ACTUAL BALANCE $919,605,285.36 $919,605,285.36 $908,927,218.30 SCHEDULED BALANCE $919,559,907.86 $919,559,907.86 $908,887,512.42 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 84.56% Single Family 84.60% Condo 12.48% Condo 12.41% PUD 1.29% PUD 1.30% 2-4 Family 0.97% 2-4 Family 0.98% Other 0.70% Other 0.71% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 55% CA 55% 65% AND BELOW 12% 12% NY 5% NY 5% 65.01-75% 34% 34% VA 5% VA 5% 75.01-80% 53% 53% NJ 4% FL 4% OVER 80% 1% 1% FL 4% NJ 4% OTHER 27% OTHER 27% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $64,111.02 PRINCIPAL PREPAYMENTS:$10,608,284.42 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 217% 0% 0% 217% PREPAYMENT HISTORY(CPR): 13.00% 0.00% 0.00% 13.00% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R3 1 COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.14% 6.14% WAM 358 358 357 AVG LTV 75 75 75 AVG LOAN SIZE $490,762 $490,762 $489,284 # OF LOANS 2,466 2,466 2,448 ACTUAL BALANCE $1,210,272,441.27 $1,210,272,441.27$1,197,815,056.71 SCHEDULED BALANCE $1,210,218,701.16 $1,210,218,701.16$1,197,767,259.73 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 80.35% Single Family 80.34% Condo 15.51% Condo 15.47% 2-4 Family 1.84% 2-4 Family 1.86% PUD 1.74% PUD 1.76% Other 0.56% Other 0.57% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 48% CA 48% 65% AND BELOW 11% 11% FL 6% FL 6% 65.01-75% 30% 29% VA 5% VA 5% 75.01-80% 58% 59% NY 4% NY 4% OVER 80% 1% 1% NJ 4% NJ 4% OTHER 33% OTHER 33% CREDIT ENHANCEMENT: AT ISSUE CURRENT SUBORDINATION 4.85% $58,695,601.00 4.90% $58,691,861.08 PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $77,111.49 PRINCIPAL PREPAYMENTS:$12,374,329.94 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 193% 0% 0% 193% PREPAYMENT HISTORY(CPR): 11.60% 0.00% 0.00% 11.60% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R3 2A COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.54% 6.54% WAM 358 358 357 AVG LTV 77 77 77 AVG LOAN SIZE $239,713 $239,713 $239,558 # OF LOANS 401 401 399 ACTUAL BALANCE $96,128,607.78 $96,128,607.78 $95,591,999.28 SCHEDULED BALANCE $96,125,052.03 $96,125,052.03 $95,583,774.97 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 53.93% Single Family 53.80% PUD 26.03% PUD 26.13% Condo 15.17% Condo 15.18% 2-4 Family 4.52% 2-4 Family 4.54% Other 0.35% Other 0.35% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 26% CA 26% 65% AND BELOW 10% 10% FL 10% FL 10% 65.01-75% 12% 13% NV 7% NV 7% 75.01-80% 69% 68% VA 6% VA 6% OVER 80% 9% 9% MD 6% MD 6% OTHER 45% OTHER 45% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $9,588.57 PRINCIPAL PREPAYMENTS: $531,688.49 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 107% 0% 0% 107% PREPAYMENT HISTORY(CPR): 6.44% 0.00% 0.00% 6.44% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R3 2B COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.37% 6.37% WAM 358 358 357 AVG LTV 77 77 77 AVG LOAN SIZE $557,162 $557,162 $557,153 # OF LOANS 98 98 98 ACTUAL BALANCE $54,601,880.06 $54,601,880.06 $54,601,389.39 SCHEDULED BALANCE $54,601,880.06 $54,601,880.06 $54,600,971.81 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 65.86% Single Family 65.86% PUD 23.71% PUD 23.71% Condo 8.34% Condo 8.34% 2-4 Family 2.09% 2-4 Family 2.09% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 66% CA 66% 65% AND BELOW 10% 10% GA 6% GA 6% 65.01-75% 8% 8% CO 4% CO 4% 75.01-80% 81% 81% OR 3% OR 3% OVER 80% 1% 1% NY 3% NY 3% OTHER 18% OTHER 18% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $417.58 PRINCIPAL PREPAYMENTS: $490.67 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 0% 0% 0% 0% PREPAYMENT HISTORY(CPR): 0.01% 0.00% 0.00% 0.01% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R3 2C COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.73% 6.73% WAM 357 357 356 AVG LTV 75 75 75 AVG LOAN SIZE $219,290 $219,290 $218,793 # OF LOANS 1,309 1,309 1,294 ACTUAL BALANCE $287,063,564.82 $287,063,564.82 $283,136,491.90 SCHEDULED BALANCE $287,051,173.34 $287,051,173.34 $283,117,972.05 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 53.02% Single Family 53.41% PUD 23.82% PUD 23.41% 2-4 Family 10.35% 2-4 Family 10.36% Condo 10.04% Condo 10.01% Other 2.77% Other 2.81% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 25% CA 25% 65% AND BELOW 6% 6% FL 9% FL 10% 65.01-75% 36% 36% AZ 7% AZ 7% 75.01-80% 55% 55% IL 7% IL 7% OVER 80% 3% 3% MD 6% MD 6% OTHER 46% OTHER 45% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $24,737.55 PRINCIPAL PREPAYMENTS: $3,908,463.74 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 252% 0% 0% 252% PREPAYMENT HISTORY(CPR): 15.14% 0.00% 0.00% 15.14% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R3 2D COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.36% 6.36% WAM 356 356 355 AVG LTV 74 74 74 AVG LOAN SIZE $670,293 $670,293 $671,272 # OF LOANS 284 284 278 ACTUAL BALANCE $190,378,072.51 $190,378,072.51 $186,627,482.18 SCHEDULED BALANCE $190,363,157.33 $190,363,157.33 $186,613,688.25 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 67.82% Single Family 68.00% PUD 22.30% PUD 22.18% Condo 4.05% Condo 3.88% Townhouse 3.63% Townhouse 3.70% Other 2.20% Other 2.24% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 43% CA 43% 65% AND BELOW 12% 12% FL 7% FL 7% 65.01-75% 34% 34% NY 6% MD 6% 75.01-80% 53% 53% MD 6% NY 6% OVER 80% 1% 1% MA 5% MA 5% OTHER 33% OTHER 33% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $18,176.71 PRINCIPAL PREPAYMENTS: $3,731,292.37 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 352% 0% 0% 352% PREPAYMENT HISTORY(CPR): 21.14% 0.00% 0.00% 21.14% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 2006-R3 2 COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.56% 6.56% WAM 357 357 356 AVG LTV 75 75 75 AVG LOAN SIZE $300,259 $300,259 $299,621 # OF LOANS 2,092 2,092 2,069 ACTUAL BALANCE $628,172,125.17 $628,172,125.17 $619,957,362.75 SCHEDULED BALANCE $628,141,262.76 $628,141,262.76 $619,916,407.08 TYPE OF DWELLING UNIT: AT ISSUE CURRENT Single Family 58.76% Single Family 58.96% PUD 23.69% PUD 23.49% Condo 8.86% Condo 8.81% 2-4 Family 6.27% 2-4 Family 6.29% Other 2.42% Other 2.45% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT CA 34% CA 34% 65% AND BELOW 9% 9% FL 8% FL 8% 65.01-75% 29% 29% MD 6% MD 6% 75.01-80% 59% 59% AZ 5% AZ 5% OVER 80% 3% 3% IL 5% IL 5% OTHER 42% OTHER 42% CREDIT ENHANCEMENT: AT ISSUE CURRENT SUBORDINATION 7.25% $45,540,162.00 7.35% $45,536,225.34 PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $52,920.41 PRINCIPAL PREPAYMENTS: $8,171,935.27 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):See Prospectus PREPAYMENT HISTORY(PSA): 242% 0% 0% 242% PREPAYMENT HISTORY(CPR): 14.53% 0.00% 0.00% 14.53% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 11 Citigroup Mortgage Loan Trust Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMLTI 2006-AR3 Payment Date: 06/26/2006

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Citigroup Mortgage Loan Trust Inc., Series 2006-AR3 10-D