Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1


*CONTACT INFORMATION*

Depositor	Structured Asset Securities Corporation
	745 Seventh Avenue, 7th Floor
	New York, NY 10019

Underwriter	Lehman Brothers
	745 Seventh Avenue, 7th Floor
	New York, NY 10019

Master Servicer	Aurora Loan Services LLC
	327 Inverness Dr South
	Englewood, CO 80112

Trustee	Citibank, N.A.
	388 Greenwich Street, 14th Floor
	New York, NY 10013


*CONTENTS*

Distribution Summary	2

Distribution Summary (Factors)	4

Interest Distribution	5

Principal Distribution	6

Reconciliation Detail	8

Collateral Summary	9

Delinquency Information	12

Credit Enhancement	15

Distribution Waterfall Detail	17

Other Information	19


Deal Contact:	Karen Schluter	Citibank, N.A.
	karen.schluter@citigroup.com	Agency and Trust
	Tel: (212) 816-5827	388 Greenwich Street, 14th Floor
	Fax: (212) 816-5527	New York, NY 10013

Reports Available at www.sf.citidirect.com

Page 1 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Distribution Summary

*DISTRIBUTION IN DOLLARS*
		Prior	Pass-	Accrual							Current
	Original	Principal	Through	Day	Accrual	Interest	Principal	Total	Deferred	Realized	Principal
Class	Balance	Balance	Rate	Count	Dates	Distributed	Distributed	Distributed	Interest	Loss	Balance
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)=(7+8)	(10)	(11)	(12)=(3-8+10-11)
IA1	618,383,700.00	562,432,410.60	5.209380%	30 / 360	04/25 - 05/25	2,441,603.46	18,868,264.56	21,309,868.02	0.00	0.00	543,564,146.04
IA2	68,709,300.00	62,492,490.07	5.269380%	30 / 360	04/25 - 05/25	274,413.90	2,096,473.84	2,370,887.74	0.00	0.00	60,396,016.23
IM1	20,508,000.00	20,508,000.00	5.409380%	30 / 360	04/25 - 05/25	92,446.30	0.00	92,446.30	0.00	0.00	20,508,000.00
IM2	13,518,000.00	13,518,000.00	5.459380%	30 / 360	04/25 - 05/25	61,499.92	0.00	61,499.92	0.00	0.00	13,518,000.00
IM3	5,631,000.00	5,631,000.00	5.509380%	30 / 360	04/25 - 05/25	25,852.77	0.00	25,852.77	0.00	0.00	5,631,000.00
IM4	9,990,000.00	9,990,000.00	5.659380%	30 / 360	04/25 - 05/25	47,114.34	0.00	47,114.34	0.00	0.00	9,990,000.00
IM5	4,506,000.00	4,506,000.00	5.759380%	30 / 360	04/25 - 05/25	21,626.47	0.00	21,626.47	0.00	0.00	4,506,000.00
IM6	6,008,000.00	6,008,000.00	6.359380%	30 / 360	04/25 - 05/25	31,839.30	0.00	31,839.30	0.00	0.00	6,008,000.00
IM7	3,755,000.00	3,755,000.00	6.359380%	30 / 360	04/25 - 05/25	19,899.56	0.00	19,899.56	0.00	0.00	3,755,000.00
IIA1	236,233,000.00	227,209,351.40	6.500000%	30 / 360	04/01 - 04/30	1,230,717.32	4,350,427.92	5,581,145.24	0.00	0.00	222,858,923.48
IIM1	9,550,000.00	9,550,000.00	6.140000%	30 / 360	04/01 - 04/30	48,864.17	0.00	48,864.17	0.00	0.00	9,550,000.00
IIM2	2,076,000.00	2,076,000.00	6.140000%	30 / 360	04/01 - 04/30	10,622.20	0.00	10,622.20	0.00	0.00	2,076,000.00
IIM3	3,504,000.00	3,504,000.00	6.400000%	30 / 360	04/01 - 04/30	18,688.00	0.00	18,688.00	0.00	0.00	3,504,000.00
IIM4	1,427,000.00	1,427,000.00	6.400000%	30 / 360	04/01 - 04/30	7,610.67	0.00	7,610.67	0.00	0.00	1,427,000.00
IIM5	2,725,000.00	2,725,000.00	6.400000%	30 / 360	04/01 - 04/30	14,533.33	0.00	14,533.33	0.00	0.00	2,725,000.00
IIM6	2,076,000.00	2,076,000.00	6.400000%	30 / 360	04/01 - 04/30	11,072.00	0.00	11,072.00	0.00	0.00	2,076,000.00
X1	3,668.92	3,133,433.96	0.000000%	30 / 360		652,018.57	0.00	652,018.57	246,023.03	0.00	3,379,456.99
X2	2,003,425.04	2,342,386.45	0.000000%	30 / 360		0.00	0.00	0.00	108,649.64	0.00	2,451,036.09
P1	100.00	100.00	0.000000%	-		30,622.78	0.00	30,622.78	0.00	0.00	100.00
P2	100.00	100.00	0.000000%	-		4,687.89	0.00	4,687.89	0.00	0.00	100.00
R1	0.00	0.00	0.000000%	-		0.00	0.00	0.00	0.00	0.00	0.00
R2	0.00	0.00	0.000000%	-		0.00	0.00	0.00	0.00	0.00	0.00
LTR1	0.00	0.00	0.000000%	-		0.00	0.00	0.00	0.00	0.00	0.00

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Page 2 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Distribution Summary

*DISTRIBUTION IN DOLLARS*
		Prior	Pass-	Accrual							Current
	Original	Principal	Through	Day	Accrual	Interest	Principal	Total	Deferred	Realized	Principal
Class	Balance	Balance	Rate	Count	Dates	Distributed	Distributed	Distributed	Interest	Loss	Balance
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)=(7+8)	(10)	(11)	(12)=(3-8+10-11)
LTR2	0.00	0.00	0.000000%	-		0.00	0.00	0.00	0.00	0.00	0.00
C	0.00	0.00	0.000000%	-		0.00	0.00	0.00	0.00	0.00	0.00
Totals	1,010,607,293.96	942,884,272.48				5,045,732.95	25,315,166.32	30,360,899.27	354,672.67	0.00	917,923,778.83

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Page 3 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Distribution Summary (Factors)

*PER $1,000 OF ORIGINAL BALANCE*
			Prior						Current
		Record	Principal	Interest	Principal	Total	Deferred	Realized	Principal
Class	CUSIP	Date	Balance	Distributed	Distributed	Distributed	Interest	Loss	Balance
			(3/2 x 1000)	(5/2 x 1000)	(6/2 x 1000)	(7/2 x 1000)	(8/2 x 1000)	(9/2 x 1000)	(10/2 x 1000)
IA1	525221HQ3	05/24/2006	909.520110	3.948363	30.512228	34.460591	0.000000	0.000000	879.007881
IA2	525221HR1	05/24/2006	909.520110	3.993839	30.512228	34.506067	0.000000	0.000000	879.007881
IM1	525221HS9	05/24/2006	1,000.000000	4.507816	0.000000	4.507816	0.000000	0.000000	1,000.000000
IM2	525221HT7	05/24/2006	1,000.000000	4.549484	0.000000	4.549484	0.000000	0.000000	1,000.000000
IM3	525221HU4	05/24/2006	1,000.000000	4.591151	0.000000	4.591151	0.000000	0.000000	1,000.000000
IM4	525221HV2	05/24/2006	1,000.000000	4.716150	0.000000	4.716150	0.000000	0.000000	1,000.000000
IM5	525221HW0	05/24/2006	1,000.000000	4.799483	0.000000	4.799483	0.000000	0.000000	1,000.000000
IM6	525221HX8	05/24/2006	1,000.000000	5.299484	0.000000	5.299484	0.000000	0.000000	1,000.000000
IM7	525221HY6	05/24/2006	1,000.000000	5.299483	0.000000	5.299483	0.000000	0.000000	1,000.000000
IIA1	525221HZ3	04/28/2006	961.801913	5.209760	18.415835	23.625595	0.000000	0.000000	943.386078
IIM1	525221JA6	04/28/2006	1,000.000000	5.116667	0.000000	5.116667	0.000000	0.000000	1,000.000000
IIM2	525221JB4	04/28/2006	1,000.000000	5.116667	0.000000	5.116667	0.000000	0.000000	1,000.000000
IIM3	525221JC2	04/28/2006	1,000.000000	5.333333	0.000000	5.333333	0.000000	0.000000	1,000.000000
IIM4	525221JD0	04/28/2006	1,000.000000	5.333336	0.000000	5.333336	0.000000	0.000000	1,000.000000
IIM5	525221JE8	04/28/2006	1,000.000000	5.333332	0.000000	5.333332	0.000000	0.000000	1,000.000000
IIM6	525221JF5	04/28/2006	1,000.000000	5.333333	0.000000	5.333333	0.000000	0.000000	1,000.000000
C		04/28/2006	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000

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Page 4 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Interest Distribution Detail

DISTRIBUTION IN DOLLARS

	Prior	Pass-	Next Pass-	Interest	Optimal	Prior	Interest on	Non-Recov.				Current
	Principal	Through	Through	Accrual Day	Accrued	Unpaid	Prior Unpaid	Interest	Interest	Deferred	Interest	Unpaid
Class	Balance	Rate	Rate	Cnt Fraction	Interest	Interest	Interest	Shortfall	Due	Interest	Distributed	Interest
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)=(6)+(7)+(8)-(9)	(11)	(12)	(13)=(10)-(11)-(12)
IA1	562,432,410.60	5.20938%	0.25000%	30 / 360	2,441,603.46	0.00	0.00	0.00	2,441,603.46	0.00	2,441,603.46	0.00
IA2	62,492,490.07	5.26938%	0.31000%	30 / 360	274,413.90	0.00	0.00	0.00	274,413.90	0.00	274,413.90	0.00
IM1	20,508,000.00	5.40938%	0.45000%	30 / 360	92,446.30	0.00	0.00	0.00	92,446.30	0.00	92,446.30	0.00
IM2	13,518,000.00	5.45938%	0.50000%	30 / 360	61,499.92	0.00	0.00	0.00	61,499.92	0.00	61,499.92	0.00
IM3	5,631,000.00	5.50938%	0.55000%	30 / 360	25,852.77	0.00	0.00	0.00	25,852.77	0.00	25,852.77	0.00
IM4	9,990,000.00	5.65938%	0.70000%	30 / 360	47,114.34	0.00	0.00	0.00	47,114.34	0.00	47,114.34	0.00
IM5	4,506,000.00	5.75938%	0.80000%	30 / 360	21,626.47	0.00	0.00	0.00	21,626.47	0.00	21,626.47	0.00
IM6	6,008,000.00	6.35938%	1.40000%	30 / 360	31,839.30	0.00	0.00	0.00	31,839.30	0.00	31,839.30	0.00
IM7	3,755,000.00	6.35938%	1.40000%	30 / 360	19,899.56	0.00	0.00	0.00	19,899.56	0.00	19,899.56	0.00
IIA1	227,209,351.40	6.50000%	6.50000%	30 / 360	1,230,717.32	0.00	0.00	0.00	1,230,717.32	0.00	1,230,717.32	0.00
IIM1	9,550,000.00	6.14000%	6.14000%	30 / 360	48,864.17	0.00	0.00	0.00	48,864.17	0.00	48,864.17	0.00
IIM2	2,076,000.00	6.14000%	6.14000%	30 / 360	10,622.20	0.00	0.00	0.00	10,622.20	0.00	10,622.20	0.00
IIM3	3,504,000.00	6.40000%	6.40000%	30 / 360	18,688.00	0.00	0.00	0.00	18,688.00	0.00	18,688.00	0.00
IIM4	1,427,000.00	6.40000%	6.40000%	30 / 360	7,610.67	0.00	0.00	0.00	7,610.67	0.00	7,610.67	0.00
IIM5	2,725,000.00	6.40000%	6.40000%	30 / 360	14,533.33	0.00	0.00	0.00	14,533.33	0.00	14,533.33	0.00
IIM6	2,076,000.00	6.40000%	6.40000%	30 / 360	11,072.00	0.00	0.00	0.00	11,072.00	0.00	11,072.00	0.00
X1	3,133,433.96	0.00000%	0.00000%	30 / 360	898,041.60	0.00	0.00	0.00	898,041.60	246,023.03	652,018.57	0.00
X2	2,342,386.45	0.00000%	0.00000%	30 / 360	108,649.64	0.00	0.00	0.00	108,649.64	108,649.64	0.00	0.00
P1	100.00	0.00000%	0.00000%	-	30,622.78	0.00	0.00	0.00	30,622.78	0.00	30,622.78	0.00
P2	100.00	0.00000%	0.00000%	-	4,687.89	0.00	0.00	0.00	4,687.89	0.00	4,687.89	0.00
R1	0.00	0.00000%	0.00000%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R2	0.00	0.00000%	0.00000%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTR1	0.00	0.00000%	0.00000%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTR2	0.00	0.00000%	0.00000%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
C	0.00	0.00000%	0.00000%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Totals	942,884,272.48				5,400,405.62	0.00	0.00	0.00	5,400,405.62	354,672.67	5,045,732.95	0.00

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Page 5 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Principal Distribution Detail

DISTRIBUTION IN DOLLARS

		Prior			Current	Current	Current	Cumulative
	Original	Principal	Principal	Accreted	Realized	Principal	Principal	Realized
Class	Balance	Balance	Distribution	Principal	Losses	Recoveries	Balance	Losses
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)=(3)-(4)+(5)-(6)+(7)	(9)
IA1	618,383,700.00	562,432,410.60	18,868,264.56	0.00	0.00	0.00	543,564,146.04	0.00
IA2	68,709,300.00	62,492,490.07	2,096,473.84	0.00	0.00	0.00	60,396,016.23	0.00
IM1	20,508,000.00	20,508,000.00	0.00	0.00	0.00	0.00	20,508,000.00	0.00
IM2	13,518,000.00	13,518,000.00	0.00	0.00	0.00	0.00	13,518,000.00	0.00
IM3	5,631,000.00	5,631,000.00	0.00	0.00	0.00	0.00	5,631,000.00	0.00
IM4	9,990,000.00	9,990,000.00	0.00	0.00	0.00	0.00	9,990,000.00	0.00
IM5	4,506,000.00	4,506,000.00	0.00	0.00	0.00	0.00	4,506,000.00	0.00
IM6	6,008,000.00	6,008,000.00	0.00	0.00	0.00	0.00	6,008,000.00	0.00
IM7	3,755,000.00	3,755,000.00	0.00	0.00	0.00	0.00	3,755,000.00	0.00
IIA1	236,233,000.00	227,209,351.40	4,350,427.92	0.00	0.00	0.00	222,858,923.48	0.00
IIM1	9,550,000.00	9,550,000.00	0.00	0.00	0.00	0.00	9,550,000.00	0.00
IIM2	2,076,000.00	2,076,000.00	0.00	0.00	0.00	0.00	2,076,000.00	0.00
IIM3	3,504,000.00	3,504,000.00	0.00	0.00	0.00	0.00	3,504,000.00	0.00
IIM4	1,427,000.00	1,427,000.00	0.00	0.00	0.00	0.00	1,427,000.00	0.00
IIM5	2,725,000.00	2,725,000.00	0.00	0.00	0.00	0.00	2,725,000.00	0.00
IIM6	2,076,000.00	2,076,000.00	0.00	0.00	0.00	0.00	2,076,000.00	0.00
X1	3,668.92	3,133,433.96	0.00	246,023.03	0.00	0.00	3,379,456.99	0.00
X2	2,003,425.04	2,342,386.45	0.00	108,649.64	0.00	0.00	2,451,036.09	0.00
P1	100.00	100.00	0.00	0.00	0.00	0.00	100.00	0.00
P2	100.00	100.00	0.00	0.00	0.00	0.00	100.00	0.00
R1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTR1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Page 6 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Principal Distribution Detail

DISTRIBUTION IN DOLLARS

		Prior			Current	Current	Current	Cumulative
	Original	Principal	Principal	Accreted	Realized	Principal	Principal	Realized
Class	Balance	Balance	Distribution	Principal	Losses	Recoveries	Balance	Losses
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)=(3)-(4)+(5)-(6)+(7)	(9)
LTR2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
C	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Totals	1,010,607,293.96	942,884,272.48	25,315,166.32	354,672.67	0.00	0.00	917,923,778.83	0.00

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Page 7 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Reconciliation Detail


*SOURCE OF FUNDS*
Interest Funds Available
Scheduled Interest	5,529,846.59
Uncompensated PPIS	0.00
Relief Act Interest Shortfall	0.00
Interest Adjustments	0.00
Total Interest Funds Available:		5,529,846.59
Principal Funds Available
Scheduled Principal	501,103.24
Curtailments	137,993.35
Prepayments in Full	24,321,176.81
Liquidation Proceeds	0.00
Adjustment Principal	220.25
Repurchased Principal	0.00
Substitution Principal	0.00
Other Principal	0.00
Total Principal Funds Available:		24,960,493.65
Other Funds Available
Payment from the Swap Counterparty	64,513.04
Prepayment Charges	35,310.67
Other Charges	0.00
Total Other Funds Available:		99,823.71
Total Funds Available		30,590,163.95


*ALLOCATION OF FUNDS*
Scheduled Fees
Master Servicing Fee	0.00
Servicing Fee	229,264.68
Trustee Fee	0.00
Total Scheduled Fees:		229,264.68
Additional Fees, Expenses, etc.
Extraordinary Trust Fund Expenses	0.00
Other Expenses	0.00
Payment to the Swap Counterparty	0.00
Total Additional Fees, Expenses, etc.:		0.00
Distribution to Certificateholders
Interest Distribution	4,458,227.42
Principal Distribution	25,315,166.32
Total Distribution to Certificateholders:		29,773,393.74
Total Funds Allocated		30,002,658.42

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Page 8 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Collateral Summary - Group 1


*ASSET CHARACTERISTICS*
	Cut-Off			Prior			Current
Aggregate Stated Principal Balance		751,012,768.92			691,974,434.64			671,255,719.27
Loan Count		2,997			2,792			2,721
Weighted Average Coupon Rate (WAC)		7.002692	%		6.983176	%		N/A
Net Weighted Average Coupon Rate (Net WAC)		6.693900	%		6.676243	%		N/A
Weighted Average Remaining Term (WART in months)		357			354			353


*AVAILABLE PRINCIPAL*
Scheduled Principal			342,052.94
Curtailments			124,224.62
Prepayments in Full			20,252,253.51
Liquidation Proceeds			0.00
Repurchased Principal			0.00
Substitution Principal			0.00
Adjustment Principal			184.30
Other Principal			0.00
TOTAL AVAILABLE PRINCIPAL			20,718,715.37

Current Realized Losses			0.00
Realized Losses and Recoveries from Prior Periods			0.00
Cumulative Realized Losses			0.00


*AVAILABLE INTEREST*
Scheduled Interest		4,026,816.27

Less:	Servicing Fee	176,991.69
	Master Servicing Fee	0.00
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		3,849,824.58

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Page 9 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Collateral Summary - Group 2


*ASSET CHARACTERISTICS*
	Cut-Off			Prior			Current
Aggregate Stated Principal Balance		259,594,525.04			250,909,837.85			246,668,059.57
Loan Count		1,464			1,421			1,400
Weighted Average Coupon Rate (WAC)		7.205242	%		7.188384	%		N/A
Net Weighted Average Coupon Rate (Net WAC)		6.955242	%		6.938384	%		N/A
Weighted Average Remaining Term (WART in months)		353			350			349


*AVAILABLE PRINCIPAL*
Scheduled Principal			159,050.30
Curtailments			13,768.73
Prepayments in Full			4,068,923.30
Liquidation Proceeds			0.00
Repurchased Principal			0.00
Substitution Principal			0.00
Adjustment Principal			35.95
Other Principal			0.00
TOTAL AVAILABLE PRINCIPAL			4,241,778.28

Current Realized Losses			0.00
Realized Losses and Recoveries from Prior Periods			0.00
Cumulative Realized Losses			0.00


*AVAILABLE INTEREST*
Scheduled Interest		1,503,030.32

Less:	Servicing Fee	52,272.99
	Master Servicing Fee	0.00
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		1,450,757.33

Reports Available at www.sf.citidirect.com

Page 10 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Collateral Summary - Total


*ASSET CHARACTERISTICS*
	Cut-Off			Prior			Current
Aggregate Stated Principal Balance		1,010,607,293.96			942,884,272.49			917,923,778.84
Loan Count		4,461			4,213			4,121
Weighted Average Coupon Rate (WAC)		7.054721	%		7.037784	%		N/A
Net Weighted Average Coupon Rate (WAC)		6.761031	%		6.744637	%		N/A
Weighted Average Remaining Term (WART in months)		356			353			352


*AVAILABLE PRINCIPAL*
Scheduled Principal			501,103.24
Curtailments			137,993.35
Prepayments in Full			24,321,176.81
Liquidation Proceeds			0.00
Repurchased Principal			0.00
Substitution Principal			0.00
Adjustment Principal			220.25
Other Principal			0.00
TOTAL AVAILABLE PRINCIPAL			24,960,493.65

Current Realized Losses			0.00
Realized Losses and Recoveries from Prior Periods			0.00
Cumulative Realized Losses			0.00


*AVAILABLE INTEREST*
Scheduled Interest		5,529,846.59

Less:	Servicing Fee	229,264.68
	Master Servicing Fee	0.00
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		5,300,581.91

Reports Available at www.sf.citidirect.com

Page 11 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Delinquency Information


*GROUP 1*
	Less Than
	30 Days			30-59 Days			60-89 Days			90+ Days			Totals
Delinquency
Scheduled Principal Balance					4,740,138.40			2,363,625.84			0.00			7,103,764.24
Percentage of Total Pool Balance					0.7062	%		0.3521	%		0.0000	%		1.0583	%
Number of Loans					19			5			0			24
Percentage of Total Loans					0.6983	%		0.1838	%		0.0000	%		0.8820	%
Bankruptcy
Scheduled Principal Balance		102,095.83			0.00			0.00			0.00			102,095.83
Percentage of Total Pool Balance		0.0152	%		0.0000	%		0.0000	%		0.0000	%		0.0152	%
Number of Loans		1			0			0			0			1
Percentage of Total Loans		0.0368	%		0.0000	%		0.0000	%		0.0000	%		0.0368	%
Foreclosure
Scheduled Principal Balance					0.00			0.00			424,000.00			424,000.00
Percentage of Total Pool Balance					0.0000	%		0.0000	%		0.0632	%		0.0632	%
Number of Loans					0			0			1			1
Percentage of Total Loans					0.0000	%		0.0000	%		0.0368	%		0.0368	%
REO
Scheduled Principal Balance					0.00			0.00			0.00			0.00
Percentage of Total Pool Balance					0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans					0			0			0			0
Percentage of Total Loans					0.0000	%		0.0000	%		0.0000	%		0.0000	%
Total
Scheduled Principal Balance		102,095.83			4,740,138.40			2,363,625.84			424,000.00			7,629,860.07
Percentage of Total Pool Balance		0.0152	%		0.7062	%		0.3521	%		0.0632	%		1.1367	%
Number of Loans		1			19			5			1			26
Percentage of Total Loans		0.0368	%		0.6983	%		0.1838	%		0.0368	%		0.9555	%
Principal and Interest Advances					3,290,784.67

Reports Available at www.sf.citidirect.com

Page 12 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Delinquency Information


*GROUP 2*
	30-59 Days			60-89 Days			90+ Days			Totals
Delinquency
Scheduled Principal Balance		1,219,767.23			738,380.23			80,114.79			2,038,262.25
Percentage of Total Pool Balance		0.4945	%		0.2993	%		0.0325	%		0.8263	%
Number of Loans		7			3			1			11
Percentage of Total Loans		0.5000	%		0.2143	%		0.0714	%		0.7857	%
Bankruptcy
Scheduled Principal Balance		0.00			0.00			0.00			0.00
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans		0			0			0			0
Percentage of Total Loans		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Foreclosure
Scheduled Principal Balance		0.00			0.00			525,167.94			525,167.94
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.2129	%		0.2129	%
Number of Loans		0			0			3			3
Percentage of Total Loans		0.0000	%		0.0000	%		0.2143	%		0.2143	%
REO
Scheduled Principal Balance		0.00			0.00			0.00			0.00
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans		0			0			0			0
Percentage of Total Loans		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Total
Scheduled Principal Balance		1,219,767.23			738,380.23			605,282.73			2,563,430.19
Percentage of Total Pool Balance		0.4945	%		0.2993	%		0.2454	%		1.0392	%
Number of Loans		7			3			4			14
Percentage of Total Loans		0.5000	%		0.2143	%		0.2857	%		1.0000	%
Principal and Interest Advances		1,196,746.07

Reports Available at www.sf.citidirect.com

Page 13 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Delinquency Information


*GROUP TOTALS*
	Less Than
	30 Days			30-59 Days			60-89 Days			90+ Days			Totals
Delinquency
Scheduled Principal Balance					5,959,905.63			3,102,006.07			80,114.79			9,142,026.49
Percentage of Total Pool Balance					0.6493	%		0.3379	%		0.0087	%		0.9959	%
Number of Loans					26			8			1			35
Percentage of Total Loans					0.6309	%		0.1941	%		0.0243	%		0.8493	%
Bankruptcy
Scheduled Principal Balance		102,095.83			0.00			0.00			0.00			102,095.83
Percentage of Total Pool Balance		0.0111	%		0.0000	%		0.0000	%		0.0000	%		0.0111	%
Number of Loans		1			0			0			0			1
Percentage of Total Loans		0.0243	%		0.0000	%		0.0000	%		0.0000	%		0.0243	%
Foreclosure
Scheduled Principal Balance					0.00			0.00			949,167.94			949,167.94
Percentage of Total Pool Balance					0.0000	%		0.0000	%		0.1034	%		0.1034	%
Number of Loans					0			0			4			4
Percentage of Total Loans					0.0000	%		0.0000	%		0.0971	%		0.0971	%
REO
Scheduled Principal Balance					0.00			0.00			0.00			0.00
Percentage of Total Pool Balance					0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans					0			0			0			0
Percentage of Total Loans					0.0000	%		0.0000	%		0.0000	%		0.0000	%
Total
Scheduled Principal Balance		102,095.83			5,959,905.63			3,102,006.07			1,029,282.73			10,193,290.26
Percentage of Total Pool Balance		0.0111	%		0.6493	%		0.3379	%		0.1121	%		1.1105	%
Number of Loans		1			26			8			5			40
Percentage of Total Loans		0.0243	%		0.6309	%		0.1941	%		0.1213	%		0.9706	%
Principal and Interest Advances					4,487,530.74

Reports Available at www.sf.citidirect.com

Page 14 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Credit Enhancement

GROUP 1

Required Overcollateralization Amount

3,379,557.00

0.5035

Prior Overcollateralization Amount

3,133,533.97

Overcollateralization Decrease due to Realized Losses

0.00

Overcollateralization Deficiency Amount

0.00

Excess Spread Available for Overcollateralization Increase

833,528.56

Overcollateralization Increase Amount

833,528.56

Excess Overcollateralization Amount

0.00

Principal Available for Overcollateralization Reduction

20,718,715.37

Overcollateralization Reduction Amount

0.00

Current Overcollateralization

3,379,557.00

0.5035

Senior Enhancement Percentage

10.0253

Are Stepdown Principal Distributions allowed this month?

(Has the Stepdown Date occured and are there no Trigger Events in effect?)

Has the Stepdown Date Occured?

(Has the Distribution Date in February 2009 passed or have the Senior Notes paid down to their target percentage?)

Senior Notes Current Percentage

89.9747

Senior Notes Target Percentage

82.0800

Is A Trigger Event in effect?

(Is a Delinquency Trigger Event in effect or is a Cumulative Realized Loss Trigger in effect?)

Is A Delinquency Trigger Event in effect?

(Does the Delinquency Percentage equal or exceed the target percentage?)

Pool 1 Rolling Three Month Delinquency Rate

0.0000

Target Percentage

3.9159

Is A Cumulative Realized Loss Trigger Event in effect?

(Does the Cumulative Loss Percentage equal or exceed the target percentage?)

Cumulative Loss Percentage

0.0000

Target Percentage

0.8000

Reports Available at www.sf.citidirect.com

Page 15 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

GROUP 2

Required Overcollateralization Amount

3,504,526.00

1.4207

Prior Overcollateralization Amount

2,342,486.45

Overcollateralization Decrease due to Realized Losses

0.00

Overcollateralization Deficiency Amount

1,053,389.91

Excess Spread Available for Overcollateralization Increase

108,649.64

Overcollateralization Increase Amount

108,649.64

Excess Overcollateralization Amount

0.00

Principal Available for Overcollateralization Reduction

4,241,778.28

Overcollateralization Reduction Amount

0.00

Current Overcollateralization

2,451,136.09

0.9937

Senior Enhancement Percentage

9.6523

Are Stepdown Principal Distributions allowed this month?

(Has the Stepdown Date occured and are there no Trigger Events in effect?)

Has the Stepdown Date Occured?

(Has the Distribution Date in February 2009 passed or have the Senior Notes paid down to their target percentage?)

Senior Notes Current Percentage

90.3477

Senior Notes Target Percentage

80.8500

Is A Trigger Event in effect?

(Is a Delinquency Trigger Event in effect or is a Cumulative Realized Loss Trigger in effect?)

Is A Delinquency Trigger Event in effect?

(Does the Delinquency Percentage equal or exceed the target percentage?)

Pool 2 Rolling Three Month Delinquency Rate

0.0000

Target Percentage

3.5279

Is A Cumulative Realized Loss Trigger Event in effect?

(Does the Cumulative Loss Percentage equal or exceed the target percentage?)

Cumulative Loss Percentage

0.0000

Target Percentage

1.1000

Reports Available at www.sf.citidirect.com

Page 16 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Waterfall Detail


				Remaining
	Amount			Available
*DISTRIBUTIONS*	Distributed			Funds

Group 1 Interest Remittance Funds					3,849,824.58
Class 1-A1, 1-A2 Monthly Interest Distributable Amount		(2,716,017.36	)		1,133,807.22
Class 1-M1 Monthly Interest Distributable Amount		(92,446.30	)		1,041,360.92
Class 1-M2 Monthly Interest Distributable Amount		(61,499.92	)		979,861.00
Class 1-M3 Monthly Interest Distributable Amount		(25,852.77	)		954,008.23
Class 1-M4 Monthly Interest Distributable Amount		(47,114.34	)		906,893.89
Class 1-M5 Monthly Interest Distributable Amount		(21,626.47	)		885,267.42
Class 1-M6 Monthly Interest Distributable Amount		(31,839.30	)		853,428.12
Class 1-M7 Monthly Interest Distributable Amount		(19,899.56	)		833,528.56
(Remaining for application as part of Group 1 Monthly Excess Cashflow)

Group 1 Principal Distribution Funds					20,718,715.37
Prorata to the Class 1-A1 and Class 1-A2, the Group 1 Principal Distribution Amount		(20,718,715.37	)		0.00
Class 1-M1 Principal Distribution Amount		0.00			0.00
Class 1-M2 Principal Distribution Amount		0.00			0.00
Class 1-M3 Principal Distribution Amount		0.00			0.00
Class 1-M4 Principal Distribution Amount		0.00			0.00
Class 1-M5 Principal Distribution Amount		0.00			0.00
Class 1-M6 Principal Distribution Amount		0.00			0.00
Class 1-M7 Principal Distribution Amount		0.00			0.00

Group 1 Monthly Excess Cashflow					833,528.56
Prorata to the Class 1-A1 and Class 1-A2, Extra Principal Payment Amount to increase Overcollateralization		(833,528.56	)		0.00
Class 1-X, Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount		0.00			0.00
Class 1-X, Principal up to the amount of any Overcollateralization Release Amount		0.00			0.00

Group 1 Prepayment Premiums					30,622.78
Group 1 Class P Prepayment Premiums and Servicer Prepayment Premium Payment Amounts		(30,622.78	)		0.00
Distribution of Class 1-P outstanding Certificate Principal Balance		0.00			0.00

Reports Available at www.sf.citidirect.com

Page 17 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Waterfall Detail


				Remaining
	Amount			Available
*DISTRIBUTIONS*	Distributed			Funds

Group 2 Interest Remittance Funds				1,450,757.33
Class 2-A1 Monthly Interest Distributable Amount		(1,230,717.32	)		220,040.01
Class 2-M1 Monthly Interest Distributable Amount		(48,864.17	)		171,175.84
Class 2-M2 Monthly Interest Distributable Amount		(10,622.20	)		160,553.64
Class 2-M3 Monthly Interest Distributable Amount		(18,688.00	)		141,865.64
Class 2-M4 Monthly Interest Distributable Amount		(7,610.67	)		134,254.97
Class 2-M5 Monthly Interest Distributable Amount		(14,533.33	)		119,721.64
Class 2-M6 Monthly Interest Distributable Amount		(11,072.00	)		108,649.64
(Remaining for application as part of Group 2 Monthly Excess Cashflow)

Pool 2 Principal Distribution Funds					4,241,778.28
Class 2-A1, the Group 2 Principal Distribution Amount		(4,241,778.28	)		0.00
Class 2-M1 Principal Distribution Amount		0.00			0.00
Class 2-M2 Principal Distribution Amount		0.00			0.00
Class 2-M3 Principal Distribution Amount		0.00			0.00
Class 2-M4 Principal Distribution Amount		0.00			0.00
Class 2-M5 Principal Distribution Amount		0.00			0.00
Class 2-M6 Principal Distribution Amount		0.00			0.00

Group 2 Monthly Excess Cashflow					108,649.64
Class 2-A1, Extra Principal Payment Amount to increase Overcollateralization		(108,649.64	)		0.00
Class 2-X, Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount		0.00			0.00
Class 2-X, Principal up to the amount of any Overcollateralization Release Amount		0.00			0.00

Group 2 Prepayment Premiums					4,687.89
Group 2 Class P Prepayment Premiums and Servicer Prepayment Premium Payment Amounts		(4,687.89	)		0.00
Distribution of Class 2-P outstanding Certificate Principal Balance		0.00			0.00

Reports Available at www.sf.citidirect.com

Page 18 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1

Other Information



Supplemental Interest Trust Information
Any Net Swap Payment to the Supplemental Interest Trust made pursuant to Section 5.02	64,513.04
Any Net Swap Payment to the Swap Counterparty pursuant to Section 5.02	0.00
Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.02	0.00
Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.02	0.00
Swap Termination Payment to the Swap Counterparty made pursuant to Section 5.02	0.00
Pool 1 Senior Principal Distribution Amount	20,718,715.37
Pool 2 Senior Principal Distribution Amount	4,241,778.28

Interest Rate Cap Contract
Ending Notional Amount	538,419,211.98
Amount Paid	0.00
Next Amount to be Paid	0.00

Pool 1 Basis Risk Reserve Fund
Beginning Balance	1,000.00
Deposits	0.00
Withdrawals	0.00
Ending Balance	1,000.00

Pool 2 Basis Risk Reserve Fund
Beginning Balance	1,000.00
Deposits	0.00
Withdrawals	0.00
Ending Balance	1,000.00

Current Libor	4.959380	%
Next Libor	0.000000	%

Reports Available at www.sf.citidirect.com

Page 19 of 20

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-1



Distributions to the Holders since inception, February 27th 2006
Class C			0.00
Class 1-P			94,483.91
Class 2-P			10,559.05
Class 1-X			652,018.57
Class 2-X			0.00
Class LT-R-1			0.00
Class LT-R-2			0.00
Class R-1			0.00
Class R-2			0.00

Reports Available at www.sf.citidirect.com

Page 20 of 20

Lehman XS Trust 2006-1 10-D