Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5


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)	3

Interest Distribution	4

Principal Distribution	5

Reconciliation Detail	6

Collateral Summary	7

Delinquency Information	10

Credit Enhancement	13

Distribution Waterfall Detail	14

Other Information	16


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 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

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)
IA1A	608,064,000.00	596,803,173.67	5.169380%	30 / 360	04/25 - 05/25	2,570,918.66	14,770,648.41	17,341,567.07	0.00	0.00	582,032,525.26
IA1B	67,563,000.00	66,311,790.90	5.229380%	30 / 360	04/25 - 05/25	288,974.63	1,641,191.25	1,930,165.88	0.00	0.00	64,670,599.65
IIA1	162,434,000.00	158,146,333.53	5.730000%	30 / 360	04/01 - 04/30	755,148.74	7,188,361.33	7,943,510.07	0.00	0.00	150,957,972.20
IIA2	44,668,000.00	44,668,000.00	5.840000%	30 / 360	04/01 - 04/30	217,384.27	0.00	217,384.27	0.00	0.00	44,668,000.00
IIA3	42,451,000.00	42,451,000.00	6.140000%	30 / 360	04/01 - 04/30	217,207.62	0.00	217,207.62	0.00	0.00	42,451,000.00
IIA4A	24,955,000.00	24,955,000.00	5.890000%	30 / 360	04/01 - 04/30	122,487.46	0.00	122,487.46	0.00	0.00	24,955,000.00
IIA4B	2,773,000.00	2,773,000.00	5.850000%	30 / 360	04/01 - 04/30	13,518.38	0.00	13,518.38	0.00	0.00	2,773,000.00
M1	16,635,000.00	16,635,000.00	5.289380%	30 / 360	04/25 - 05/25	73,324.03	0.00	73,324.03	0.00	0.00	16,635,000.00
M2	15,076,000.00	15,076,000.00	5.309380%	30 / 360	04/25 - 05/25	66,703.51	0.00	66,703.51	0.00	0.00	15,076,000.00
M3	9,877,000.00	9,877,000.00	5.339380%	30 / 360	04/25 - 05/25	43,947.55	0.00	43,947.55	0.00	0.00	9,877,000.00
M4	7,797,000.00	7,797,000.00	5.459380%	30 / 360	04/25 - 05/25	35,472.32	0.00	35,472.32	0.00	0.00	7,797,000.00
M5	7,797,000.00	7,797,000.00	5.479380%	30 / 360	04/25 - 05/25	35,602.27	0.00	35,602.27	0.00	0.00	7,797,000.00
M6	6,238,000.00	6,238,000.00	5.559380%	30 / 360	04/25 - 05/25	28,899.51	0.00	28,899.51	0.00	0.00	6,238,000.00
M7	5,198,000.00	5,198,000.00	6.059380%	30 / 360	04/25 - 05/25	26,247.21	0.00	26,247.21	0.00	0.00	5,198,000.00
M8	5,198,000.00	5,198,000.00	6.209380%	30 / 360	04/25 - 05/25	26,896.96	0.00	26,896.96	0.00	0.00	5,198,000.00
M9	5,198,000.00	5,198,000.00	6.459380%	30 / 360	04/25 - 05/25	27,979.88	0.00	27,979.88	0.00	0.00	5,198,000.00
M10	5,198,000.00	5,198,000.00	6.459380%	30 / 360	04/25 - 05/25	27,979.88	0.00	27,979.88	0.00	0.00	5,198,000.00
X	2,607,972.00	3,951,567.24	0.000000%	30 / 360		0.00	0.00	0.00	1,350,355.97	0.00	5,301,923.21
P	100.00	100.00	0.000000%	30 / 360		47,031.16	0.00	47,031.16	0.00	0.00	100.00
R	0.00	0.00	0.000000%	30 / 360		0.00	0.00	0.00	0.00	0.00	0.00
LTR	0.00	0.00	0.000000%	30 / 360		0.00	0.00	0.00	0.00	0.00	0.00
C	0.00	0.00	0.000000%	30 / 360		0.00	0.00	0.00	0.00	0.00	0.00
Totals	1,039,728,072.00	1,024,271,965.34				4,625,724.04	23,600,200.99	28,225,925.03	1,350,355.97	0.00	1,002,022,120.32

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Page 2 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

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)
IA1A	525221JT5	05/24/2006	981.480853	4.228040	24.291273	28.519312	0.000000	0.000000	957.189581
IA1B	525221JU2	05/24/2006	981.480853	4.277114	24.291273	28.568386	0.000000	0.000000	957.189581
IIA1	525221JV0	04/28/2006	973.603639	4.648957	44.254044	48.903001	0.000000	0.000000	929.349596
IIA2	525221JW8	04/28/2006	1,000.000000	4.866667	0.000000	4.866667	0.000000	0.000000	1,000.000000
IIA3	525221JX6	04/28/2006	1,000.000000	5.116667	0.000000	5.116667	0.000000	0.000000	1,000.000000
IIA4A	525221JY4	04/28/2006	1,000.000000	4.908333	0.000000	4.908333	0.000000	0.000000	1,000.000000
IIA4B	525221JZ1	04/28/2006	1,000.000000	4.875002	0.000000	4.875002	0.000000	0.000000	1,000.000000
M1	525221KA4	05/24/2006	1,000.000000	4.407817	0.000000	4.407817	0.000000	0.000000	1,000.000000
M2	525221KB2	05/24/2006	1,000.000000	4.424483	0.000000	4.424483	0.000000	0.000000	1,000.000000
M3	525221KC0	05/24/2006	1,000.000000	4.449484	0.000000	4.449484	0.000000	0.000000	1,000.000000
M4	525221KD8	05/24/2006	1,000.000000	4.549483	0.000000	4.549483	0.000000	0.000000	1,000.000000
M5	525221KE6	05/24/2006	1,000.000000	4.566150	0.000000	4.566150	0.000000	0.000000	1,000.000000
M6	525221KF3	05/24/2006	1,000.000000	4.632817	0.000000	4.632817	0.000000	0.000000	1,000.000000
M7	525221KG1	05/24/2006	1,000.000000	5.049482	0.000000	5.049482	0.000000	0.000000	1,000.000000
M8	525221LD7	05/24/2006	1,000.000000	5.174482	0.000000	5.174482	0.000000	0.000000	1,000.000000
M9	525221LE5	05/24/2006	1,000.000000	5.382816	0.000000	5.382816	0.000000	0.000000	1,000.000000
M10	525221LF2	05/24/2006	1,000.000000	5.382816	0.000000	5.382816	0.000000	0.000000	1,000.000000
X		04/28/2006	1,515.187755	0.000000	0.000000	0.000000	517.780087	0.000000	2,032.967842
P		04/28/2006	1,000.000000	470,311.600000	0.000000	470,311.600000	0.000000	0.000000	1,000.000000

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Page 3 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

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)
IA1A	596,803,173.67	5.16938%	0.21000%	30 / 360	2,570,918.66	0.00	0.00	0.00	2,570,918.66	0.00	2,570,918.66	0.00
IA1B	66,311,790.90	5.22938%	0.27000%	30 / 360	288,974.63	0.00	0.00	0.00	288,974.63	0.00	288,974.63	0.00
IIA1	158,146,333.53	5.73000%	5.73000%	30 / 360	755,148.74	0.00	0.00	0.00	755,148.74	0.00	755,148.74	0.00
IIA2	44,668,000.00	5.84000%	5.84000%	30 / 360	217,384.27	0.00	0.00	0.00	217,384.27	0.00	217,384.27	0.00
IIA3	42,451,000.00	6.14000%	6.14000%	30 / 360	217,207.62	0.00	0.00	0.00	217,207.62	0.00	217,207.62	0.00
IIA4A	24,955,000.00	5.89000%	5.89000%	30 / 360	122,487.46	0.00	0.00	0.00	122,487.46	0.00	122,487.46	0.00
IIA4B	2,773,000.00	5.85000%	5.85000%	30 / 360	13,518.38	0.00	0.00	0.00	13,518.38	0.00	13,518.38	0.00
M1	16,635,000.00	5.28938%	0.33000%	30 / 360	73,324.03	0.00	0.00	0.00	73,324.03	0.00	73,324.03	0.00
M2	15,076,000.00	5.30938%	0.35000%	30 / 360	66,703.51	0.00	0.00	0.00	66,703.51	0.00	66,703.51	0.00
M3	9,877,000.00	5.33938%	0.38000%	30 / 360	43,947.55	0.00	0.00	0.00	43,947.55	0.00	43,947.55	0.00
M4	7,797,000.00	5.45938%	0.50000%	30 / 360	35,472.32	0.00	0.00	0.00	35,472.32	0.00	35,472.32	0.00
M5	7,797,000.00	5.47938%	0.52000%	30 / 360	35,602.27	0.00	0.00	0.00	35,602.27	0.00	35,602.27	0.00
M6	6,238,000.00	5.55938%	0.60000%	30 / 360	28,899.51	0.00	0.00	0.00	28,899.51	0.00	28,899.51	0.00
M7	5,198,000.00	6.05938%	1.10000%	30 / 360	26,247.21	0.00	0.00	0.00	26,247.21	0.00	26,247.21	0.00
M8	5,198,000.00	6.20938%	1.25000%	30 / 360	26,896.96	0.00	0.00	0.00	26,896.96	0.00	26,896.96	0.00
M9	5,198,000.00	6.45938%	1.50000%	30 / 360	27,979.88	0.00	0.00	0.00	27,979.88	0.00	27,979.88	0.00
M10	5,198,000.00	6.45938%	1.50000%	30 / 360	27,979.88	0.00	0.00	0.00	27,979.88	0.00	27,979.88	0.00
X	3,951,567.24	0.00000%	0.00000%	30 / 360	1,350,355.97	0.00	0.00	0.00	1,350,355.97	1,350,355.97	0.00	0.00
P	100.00	0.00000%	0.00000%	30 / 360	47,031.16	0.00	0.00	0.00	47,031.16	0.00	47,031.16	0.00
R	0.00	0.00000%	0.00000%	30 / 360	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTR	0.00	0.00000%	0.00000%	30 / 360	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
C	0.00	0.00000%	0.00000%	30 / 360	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Totals	1,024,271,965.34				5,976,080.01	0.00	0.00	0.00	5,976,080.01	1,350,355.97	4,625,724.04	0.00

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Page 4 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

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)
IA1A	608,064,000.00	596,803,173.67	14,770,648.41	0.00	0.00	0.00	582,032,525.26	0.00
IA1B	67,563,000.00	66,311,790.90	1,641,191.25	0.00	0.00	0.00	64,670,599.65	0.00
IIA1	162,434,000.00	158,146,333.53	7,188,361.33	0.00	0.00	0.00	150,957,972.20	0.00
IIA2	44,668,000.00	44,668,000.00	0.00	0.00	0.00	0.00	44,668,000.00	0.00
IIA3	42,451,000.00	42,451,000.00	0.00	0.00	0.00	0.00	42,451,000.00	0.00
IIA4A	24,955,000.00	24,955,000.00	0.00	0.00	0.00	0.00	24,955,000.00	0.00
IIA4B	2,773,000.00	2,773,000.00	0.00	0.00	0.00	0.00	2,773,000.00	0.00
M1	16,635,000.00	16,635,000.00	0.00	0.00	0.00	0.00	16,635,000.00	0.00
M2	15,076,000.00	15,076,000.00	0.00	0.00	0.00	0.00	15,076,000.00	0.00
M3	9,877,000.00	9,877,000.00	0.00	0.00	0.00	0.00	9,877,000.00	0.00
M4	7,797,000.00	7,797,000.00	0.00	0.00	0.00	0.00	7,797,000.00	0.00
M5	7,797,000.00	7,797,000.00	0.00	0.00	0.00	0.00	7,797,000.00	0.00
M6	6,238,000.00	6,238,000.00	0.00	0.00	0.00	0.00	6,238,000.00	0.00
M7	5,198,000.00	5,198,000.00	0.00	0.00	0.00	0.00	5,198,000.00	0.00
M8	5,198,000.00	5,198,000.00	0.00	0.00	0.00	0.00	5,198,000.00	0.00
M9	5,198,000.00	5,198,000.00	0.00	0.00	0.00	0.00	5,198,000.00	0.00
M10	5,198,000.00	5,198,000.00	0.00	0.00	0.00	0.00	5,198,000.00	0.00
X	2,607,972.00	3,951,567.24	0.00	1,350,355.97	0.00	0.00	5,301,923.21	0.00
P	100.00	100.00	0.00	0.00	0.00	0.00	100.00	0.00
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTR	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	1,039,728,072.00	1,024,271,965.34	23,600,200.99	1,350,355.97	0.00	0.00	1,002,022,120.32	0.00

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Page 5 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Reconciliation Detail


*SOURCE OF FUNDS*
Interest Funds Available
Scheduled Interest	6,167,267.33
Uncompensated PPIS	0.00
Relief Act Interest Shortfall	0.00
Interest Adjustments	0.00
Total Interest Funds Available:		6,167,267.33
Principal Funds Available
Scheduled Principal	260,619.47
Curtailments	596,470.58
Prepayments in Full	21,391,949.28
Liquidation Proceeds	0.00
Adjustment Principal	805.69
Repurchased Principal	0.00
Substitution Principal	0.00
Other Principal	0.00
Total Principal Funds Available:		22,249,845.02
Other Funds Available
Cap Contract Amount	0.00
Prepayment Charges	47,031.16
Other Charges	0.00
Total Other Funds Available:		47,031.16
Total Funds Available		28,464,143.51


*ALLOCATION OF FUNDS*
Scheduled Fees
Insurance Fee	3,010.32
Master Servicing Fee	0.00
Servicing Fee	213,390.79
Trustee Fee	0.00
Total Scheduled Fees:		216,401.11
Additional Fees, Expenses, etc.
Extraordinary Trust Fund Expenses	0.00
Other Expenses	0.00
Payment to the Swap Counterparty	21,817.38
Total Additional Fees, Expenses, etc.:		21,817.38
Distribution to Certificateholders
Interest Distribution	4,625,724.03
Principal Distribution	23,600,200.99
Total Distribution to Certificateholders:		28,225,925.02
Total Funds Allocated		28,464,143.51

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Page 6 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Collateral Summary - Group 1


*ASSET CHARACTERISTICS*

	Cut-Off		Prior		Current
Aggregate Stated Principal Balance	735,176,935.80		723,665,579.51		708,192,792.26

Loan Count	3,012		2,966		2,906

Weighted Average Coupon Rate (WAC)	7.221478	%	7.218088	%	N/A

Net Weighted Average Coupon Rate (Net WAC)	6.971478	%	6.965475	%	N/A

Weighted Average Remaining Term (WART in months)	358		357		356


*AVAILABLE PRINCIPAL*

Scheduled Principal			125,928.22
Curtailments			351,882.33
Prepayments in Full			14,994,802.44
Liquidation Proceeds			0.00
Repurchased Principal			0.00
Substitution Principal			0.00
Adjustment Principal			174.26
Other Principal			0.00
TOTAL AVAILABLE PRINCIPAL			15,472,787.25

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


*AVAILABLE INTEREST*

Scheduled Interest		4,352,901.97

	Supplemental Interest Trust Amount	0.00

Less:	Servicing Fee	150,764.41
	Master Servicing Fee	0.00
	Insurance Fee	1,575.79
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		4,200,561.77

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Page 7 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Collateral Summary - Group 2


*ASSET CHARACTERISTICS*

	Cut-Off		Prior		Current
Aggregate Stated Principal Balance	304,551,136.75		300,606,386.38		293,829,328.61

Loan Count	1,471		1,458		1,434

Weighted Average Coupon Rate (WAC)	7.247545	%	7.242822	%	N/A

Net Weighted Average Coupon Rate (Net WAC)	6.997545	%	6.987095	%	N/A

Weighted Average Remaining Term (WART in months)	352		351		350


*AVAILABLE PRINCIPAL*

Scheduled Principal			134,691.25
Curtailments			244,588.25
Prepayments in Full			6,397,146.84
Liquidation Proceeds			0.00
Repurchased Principal			0.00
Substitution Principal			0.00
Adjustment Principal			631.43
Other Principal			0.00
TOTAL AVAILABLE PRINCIPAL			6,777,057.77

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


*AVAILABLE INTEREST*

Scheduled Interest		1,814,365.36

Less:	Servicing Fee	62,626.38
	Master Servicing Fee	0.00
	Insurance Fee	1,434.53
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		1,750,304.45

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Page 8 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Collateral Summary - Total


*ASSET CHARACTERISTICS*

	Cut-Off		Prior		Current
Aggregate Stated Principal Balance	1,039,728,072.55		1,024,271,965.89		1,002,022,120.87

Loan Count	4,483		4,424		4,340

Weighted Average Coupon Rate (WAC)	7.229114	%	7.225347	%	N/A

Net Weighted Average Coupon Rate (WAC)	6.979114	%	6.975347	%	N/A

Weighted Average Remaining Term (WART in months)	356		355		354


*AVAILABLE PRINCIPAL*

Scheduled Principal			260,619.47
Curtailments			596,470.58
Prepayments in Full			21,391,949.28
Liquidation Proceeds			0.00
Repurchased Principal			0.00
Substitution Principal			0.00
Adjustment Principal			805.69
Other Principal			0.00
TOTAL AVAILABLE PRINCIPAL			22,249,845.02

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


*AVAILABLE INTEREST*

Scheduled Interest		6,167,267.33

	Supplemental Interest Trust Amount	0.00

Less:	Servicing Fee	213,390.79
	Master Servicing Fee	0.00
	Insurance Fee	3,010.32
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		5,950,866.22

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Page 9 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Delinquency Information


*GROUP 1*

	30-59 Days		60-89 Days		90+ Days		Totals
Delinquency
Scheduled Principal Balance	5,440,937.12		358,500.00		0.00		5,799,437.12
Percentage of Total Pool Balance	0.7683	%	0.0506	%	0.0000	%	0.8189	%
Number of Loans	21		1		0		22
Percentage of Total Loans	0.7226	%	0.0344	%	0.0000	%	0.7571	%
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		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	%
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	5,440,937.12		358,500.00		0.00		5,799,437.12
Percentage of Total Pool Balance	0.7683	%	0.0506	%	0.0000	%	0.8189	%
Number of Loans	21		1		0		22
Percentage of Total Loans	0.7226	%	0.0344	%	0.0000	%	0.7571	%

Principal and Interest Advances	3,502,543.87

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Page 10 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Delinquency Information


*GROUP 2*

	30-59 Days		60-89 Days		90+ Days		Totals
Delinquency
Scheduled Principal Balance	1,499,627.30		1,249,542.04		0.00		2,749,169.34
Percentage of Total Pool Balance	0.5104	%	0.4253	%	0.0000	%	0.9356	%
Number of Loans	7		6		0		13
Percentage of Total Loans	0.4881	%	0.4184	%	0.0000	%	0.9066	%
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		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	%
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	1,499,627.30		1,249,542.04		0.00		2,749,169.34
Percentage of Total Pool Balance	0.5104	%	0.4253	%	0.0000	%	0.9356	%
Number of Loans	7		6		0		13
Percentage of Total Loans	0.4881	%	0.4184	%	0.0000	%	0.9066	%

Principal and Interest Advances	1,504,291.53

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Page 11 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Delinquency Information


*GROUP TOTALS*

	30-59 Days		60-89 Days		90+ Days		Totals
Delinquency
Scheduled Principal Balance	6,940,564.42		1,608,042.04		0.00		8,548,606.46
Percentage of Total Pool Balance	0.6927	%	0.1605	%	0.0000	%	0.8531	%
Number of Loans	28		7		0		35
Percentage of Total Loans	0.6452	%	0.1613	%	0.0000	%	0.8065	%
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		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	%
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	6,940,564.42		1,608,042.04		0.00		8,548,606.46
Percentage of Total Pool Balance	0.6927	%	0.1605	%	0.0000	%	0.8531	%
Number of Loans	28		7		0		35
Percentage of Total Loans	0.6452	%	0.1613	%	0.0000	%	0.8065	%

Principal and Interest Advances	5,006,835.40

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Page 12 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Credit Enhancement


*GROUP 1*
Required Overcollateralization Amount			7,797,961.00	0.7782%
Prior Overcollateralization Amount			3,951,667.79
Overcollateralization Decrease due to Realized Losses			0.00
Overcollateralization Deficiency Amount	3,846,293.21
Excess Spread Available for Overcollateralization Increase	1,350,355.97
Overcollateralization Increase Amount			1,350,355.97
Excess Overcollateralization Amount	0.00
Principal Available for Overcollateralization Reduction	22,249,845.02
Overcollateralization Reduction Amount			0.00
Current Overcollateralization			5,302,023.76	0.5291%

Senior Enhancement Percentage				8.9333%
Are Stepdown Principal Distributions allowed this month?				No
(Has the Stepdown Date occured and are there no Trigger Events in effect?)
Has the Stepdown Date Occured?			No
(Has the Distribution Date in February 2009 passed or have the Senior Notes paid down to their target percentage?)
Senior Notes Current Percentage	91.0667%
Senior Notes Target Percentage	82.3000%
Is A Trigger Event in effect?			No
(Is a Delinquency Trigger Event in effect or is a Cumulative Realized Loss Trigger in effect?)
Is A Delinquency Trigger Event in effect?		No
(Does the Delinquency Percentage equal or exceed the target percentage?)
Rolling Three Month Delinquency Rate	0.0000%
Target Percentage	3.5331%
Is A Cumulative Realized Loss Trigger Event in effect?		No
(Does the Cumulative Loss Percentage equal or exceed the target percentage?)
Cumulative Loss Percentage	0.0000%
Target Percentage	0.9000%

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Page 13 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Waterfall Detail


			Remaining
	Amount		Available
*DISTRIBUTIONS*	Distributed		Funds

Subgroup 1 Interest Remittance Funds			4,200,561.77
For deposit into the Supplemental Interest Trust Account, Net Swap Payment for Pool 1	(21,817.38	)	4,178,744.39
Class 1-A1A, 1-A1B Monthly Interest Distributable Amount	(2,859,893.29	)	1,318,851.10

Subgroup 2 Interest Remittance Funds			1,750,304.45
Class 2-A1, 2-A2, 2-A3, 2-A4A, 2-A4B Monthly Interest Distributable Amount	(1,325,746.46	)	424,557.99

Subgroup 1 & 2 Interest Remittance Funds			1,743,409.09
Class M-1 Monthly Interest Distributable Amount	(73,324.03	)	1,670,085.06
Class M-2 Monthly Interest Distributable Amount	(66,703.51	)	1,603,381.55
Class M-3 Monthly Interest Distributable Amount	(43,947.55	)	1,559,434.00
Class M-4 Monthly Interest Distributable Amount	(35,472.32	)	1,523,961.68
Class M-5 Monthly Interest Distributable Amount	(35,602.27	)	1,488,359.41
Class M-6 Monthly Interest Distributable Amount	(28,899.51	)	1,459,459.90
Class M-7 Monthly Interest Distributable Amount	(26,247.21	)	1,433,212.69
Class M-8 Monthly Interest Distributable Amount	(26,896.96	)	1,406,315.73
Class M-9 Monthly Interest Distributable Amount	(27,979.88	)	1,378,335.85
Class M-10 Monthly Interest Distributable Amount	(27,979.88	)	1,350,355.97

Subgroup 1 Principal Distribution Funds			15,472,787.25
Prorata to the Class 1-A1A, 1-A1B, the Group 1 Principal Distribution Amount	(15,472,787.25	)	0.00

Subgroup 2 Principal Distribution Funds			6,777,057.77
Prorata to the Class 2-A4A and Class 2-A4B, the Class 2-A4 Priority Amount	0.00		6,777,057.77
Sequentially, Class 2-A1, Class 2-A2 and Class 2-A3, the Group 2 Principal Distribution Amount	(6,777,057.77	)	0.00
Prorata to the Class 2-A4A and Class 2-A4B, the Group 2 Principal Distribution Amount	0.00		0.00

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Page 14 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Waterfall Detail


			Remaining
	Amount		Available
*DISTRIBUTIONS*	Distributed		Funds

Subgroup 1 & 2 Principal Distribution Funds			0.00
Class M-1 Principal Distribution Amount	0.00		0.00
Class M-2 Principal Distribution Amount	0.00		0.00
Class M-3 Principal Distribution Amount	0.00		0.00
Class M-4 Principal Distribution Amount	0.00		0.00
Class M-5 Principal Distribution Amount	0.00		0.00
Class M-6 Principal Distribution Amount	0.00		0.00
Class M-7 Principal Distribution Amount	0.00		0.00
Class M-8 Principal Distribution Amount	0.00		0.00
Class M-9 Principal Distribution Amount	0.00		0.00
Class M-10 Principal Distribution Amount	0.00		0.00
Class M-11 Principal Distribution Amount	0.00		0.00
Class M-12 Principal Distribution Amount	0.00		0.00

Net Monthly Excess Cashflow			1,350,355.97
Class 1-A Extra Principal Payment Amount to increase Overcollateralization	(939,052.41	)	411,303.56
Class 2-A Extra Principal Payment Amount to increase Overcollateralization	(411,303.56	)	0.00
Class X Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount	0.00		0.00
Class X, principal, up to the amount of any Overcollateralization Release Amount	0.00		0.00
Remaining to the Holders of the Residual Certificates	0.00		0.00

Subgroup 1 & 2 Prepayment Premiums			47,031.16
Class P Prepayment Premiums and Servicer Prepayment Premium Payment Amounts	(47,031.16	)	0.00
Distribution of Class P outstanding Certificate Principal Balance	0.00		0.00

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Page 15 of 16

Distribution Date:	05/25/2006	Lehman XS Trust
Determination Date:	05/18/2006	Mortgage Pass-Through Certificates, Series 2006-5

Other Information

Supplemental Interest Trust Information
Any Net Swap Payment to the Supplemental Interest Trust made pursuant to Secbtion 5.02	0.00
Any Net Swap Payment to the Swap Counterparty pursuant to Section 5.02	21,817.38
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

Senior Principal Distribution Amount	22,249,845.02

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

Distributions to the Holders since inception, April 25th 2006
Class P	86,547.04
Class X	0.00
Class LT-R	0.00
Class R	0.00
Current Libor	4.959380	%
Next Libor	0.000000	%

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Page 16 of 16

Lehman XS Trust 2006-5 10-D