10-D 1 final_2006-a2.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: 333-130333-03 ----------------- CMALT (CITIMORTGAGE ALTERNATIVE LOAN TRUST), SERIES 2006-A2 ------------------------------------------------------------------------ (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-130333 ---------------------- CITICORP MORTGAGE SECURITIES, INC. ------------------------------------------------------------------------ (Exact name of depositor as specified in its charter) CITIMORTGAGE, INC. ------------------------------------------------------------------------- (Exact name of sponsor as specified in its charter) New York ----------------------------------------------------------------------------- (State or other jurisdiction of incorporation or organization of the issuing entity) 86-1168731 and 86-1168733 ---------------------------------------------------------------------------- (I.R.S. Employer Identification No.) 1000 Technology Drive, O'Fallon, Missouri 63368-2240 ---------------------------------------- ---------- (Address of principal executive offices of the issuing entity) (Zip Code) (636) 261-1300 ------------------------------------------------------------------------- (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 A-1 { } { } {X} _____________ Class A-2 { } { } {X} _____________ Class A-3 { } { } {X} _____________ Class A-4 { } { } {X} _____________ Class A-5 { } { } {X} _____________ Class A-6 { } { } {X} _____________ Class A-7 { } { } {X} _____________ Class A-8 { } { } {X} _____________ Class A-PO { } { } {X} _____________ Class B-1 { } { } {X} _____________ Class B-2 { } { } {X} _____________ Class B-3 { } { } {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 - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information On June 26, 2006 a distribution was made to holders of Citicorp Mortgage Securities, Inc CMALT. REMIC Pass-Through Certificates, Series 2006-A2 issued by Citicorp Mortgage Securities Trust CMALT, Series 2006-A2. The monthly distribution report is attached as an Exhibit to this Form 10-D. Please see Item 9(b), Exhibit 99.1. Part II - OTHER INFORMATION Item 9. Exhibits (a) The following are documents filed as part of this Form 10-D: (99.1) Monthly distribution report for the month of May 2006. (b) Exhibits required to be filed by Form 10-D and Item 601 of Regulation S-K: (4.1) Pooling and Servicing Agreement, dated as of May 01, 2006, among Citicorp Mortgage Securities, Inc., CitiMortgage, Inc., U.S. Bank National Association, and Citibank, N.A. (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by the issuing entity with the Securities and Exchange Commission on June 05, 2006.) (10.1) Form of Mortgage Loan Purchase Agreement, dated May 01, 2006, between Citicorp Mortgage Securities, Inc. and CitiMortgage, Inc. (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by the issuing entity with the Securities and Exchange Commission on June 05, 2006.) (99.1) 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. CITICORP MORTGAGE SECURITIES, INC. Depositor By: /s/ Cathy Johnson ------------------------- Cathy Johnson Assistant Vice President Dated: June 26, 2006 3 Exhibit No. Description ----------- ------------- (99.1) Monthly distribution report for the month of May 2006. 4 EXHIBIT 99.1 ------------- Citicorp Mortgage Securities, Inc. CMALT Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMALT 2006-A2 Payment Date: 06/26/2006 Issuer: Citicorp Mortgage Securities, Inc. CMALT Record Date: See footnote Determination Date: 06/16/2006 Distribution Date: 26-Jun-06 Distribution #: 1 W.A.C. 6.58% Trustee U.S. Bank National Association Clare M. O'Brien (617) 603-6402 Bond Administrator CitiMortgage, Inc. Debbie Biggs (636) 261-1360 Paying Agent: Citibank N.A. Nancy Forte (212) 816-5685

6 Citicorp Mortgage Securities, Inc. CMALT Distribution Date Statement to Certificate Holders Remic Pass-Through Certificate Series Name: CMALT 2006-A2 Payment Date: 06/26/2006

7 Citicorp Mortgage Securities, Inc. CMALT Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMALT 2006-A2 Payment Date: 06/26/2006

8 Citicorp Mortgage Securities, Inc. CMALT Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMALT 2006-A2 Payment Date: 06/26/2006

9 Citicorp Mortgage Securities, Inc. CMALT Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMALT 2006-A2 Payment Date: 06/26/2006 Delinquency Status - Determined by the MBA Method -------------------------------------------------- 30 - 59 days Delq 60+ days Book Value REO ----------------------------------------------------- Number 9 0 0 Amount $3,595,147.58 $0.00 $0.00 Stated Collateral Information ------------------------------- Service Fees Begin Balance Aggregate Adj Balance -------------------------------------------------------------------- $14,319.22 $212,250,172.19 $211,682,926.36 Advances ------------ Voluntary Advances $0.00 Trustee Advances $0.00 Advance Account Advances $0.00 Certificate Account Advances $53,178.44 Summary of Disbursements ------------------------- Withdrawals Remittances Residual and (Deposits) P&I Distributed ----------------------------------------------------------------- $1,686,118.74 $0.00 $0.00 $1,686,118.74 10 Citicorp Mortgage Securities, Inc. CMALT Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMALT 2006-A2 Payment Date: 06/26/2006 COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.58% 6.58% WAM 358 358 357 AVG LTV 70 70 70 AVG LOAN SIZE $290,754 $290,754 $290,773 # OF LOANS 730 730 728 ACTUAL BALANCE $212,250,172.19 $212,250,172.19 $211,776,204.62 SCHEDULED BALANCE $212,250,172.19 $212,250,172.19 $211,682,926.36 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 84% 84% 2-4 FAMILY 6% 6% TOWNHOUSE 3% 3% CONDOMINIUM 6% 6% COOPERATIVE 1% 1% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 28% 28% CA 35% CA 35% 65.01-75% 25% 25% FL 11% FL 11% 75.01-80% 46% 46% NY 10% NY 10% OVER 80% 1% 1% NJ 5% NJ 5% MD 4% MD 4% OTHER 35% OTHER 35% CREDIT ENHANCEMENT: AT ISSUE CURRENT SUBORDINATION 5.00% $10,612,708.00 5.01% $10,606,411.48 CUMULATIVE LOSS REDUCTION $0.00 PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $126,026.46 PRINCIPAL PREPAYMENTS: $441,219.37 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(CPR):See Prospectus PREPAYMENT HISTORY(PSA): 333% 0% 0% 333% PREPAYMENT HISTORY(CPR): 2.10% 0.00% 0.00% 2.10% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 30 YR REG COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.58% 6.58% WAM 357 357 356 AVG LTV 70 70 70 AVG LOAN SIZE $273,395 $273,395 $273,367 # OF LOANS 496 496 494 ACTUAL BALANCE $135,603,829.78 $135,603,829.78 $135,136,293.13 SCHEDULED BALANCE $135,603,829.78 $135,603,829.78 $135,043,082.92 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 86% 86% 2-4 FAMILY 6% 6% TOWNHOUSE 2% 2% CONDOMINIUM 5% 5% COOPERATIVE 1% 1% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 30% 30% CA 37% CA 37% 65.01-75% 26% 26% NY 9% NY 9% 75.01-80% 42% 42% FL 8% FL 8% OVER 80% 2% 2% NJ 5% NJ 5% MA 4% MA 4% OTHER 37% OTHER 37% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $126,026.46 PRINCIPAL PREPAYMENTS: $434,720.40 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(CPR):See Prospectus PREPAYMENT HISTORY(PSA): 597% 0% 0% 597% PREPAYMENT HISTORY(CPR): 3.81% 0.00% 0.00% 3.81% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 30 YR IO COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.57% 6.57% WAM 358 358 357 AVG LTV 72 72 72 AVG LOAN SIZE $327,548 $327,548 $327,521 # OF LOANS 234 234 234 ACTUAL BALANCE $76,646,342.41 $76,646,342.41 $76,639,911.49 SCHEDULED BALANCE $76,646,342.41 $76,646,342.41 $76,639,843.44 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 80% 80% 2-4 FAMILY 7% 7% TOWNHOUSE 3% 3% CONDOMINIUM 9% 9% COOPERATIVE 1% 1% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 25% 25% CA 31% CA 31% 65.01-75% 24% 25% FL 17% FL 17% 75.01-80% 50% 49% NY 11% NY 11% OVER 80% 1% 1% NJ 5% NJ 5% VA 5% VA 5% OTHER 31% OTHER 31% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $0.00 PRINCIPAL PREPAYMENTS: $6,498.97 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(CPR):See Prospectus PREPAYMENT HISTORY(PSA): 0% 0% 0% 0% PREPAYMENT HISTORY(CPR): 0.00% 0.00% 0.00% 0.00% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. -------------------------------------------------------------------------------

CMALT (CitiMortgage Alternative Loan Trust), Series 2006-A2 10-D