Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7


*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 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Distribution Summary

DISTRIBUTION IN DOLLARS


Class	Original Balance	Prior Principal Balance	Pass- Through Rate	Accrual Day Count	Accrual Dates	Interest Distributed	Principal Distributed	Total Distributed	Deferred Interest	Realized Loss	Current Principal Balance
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)=(7+8)	(10)	(11)	(12)=(3-8+10-11)
IA1A	605,099,000.00	554,249,655.32	5.484380%	31 / 360	08/25 - 09/25	2,617,532.99	10,243,448.88	12,860,981.87	0.00	0.00	544,006,206.44
IA1B	67,233,000.00	61,583,091.49	5.524380%	31 / 360	08/25 - 09/25	292,957.23	1,138,157.22	1,431,114.45	0.00	0.00	60,444,934.27
IIA1	153,626,000.00	114,070,730.17	5.394380%	31 / 360	08/25 - 09/25	529,876.86	10,806,126.25	11,336,003.11	0.00	0.00	103,264,603.92
IIA2	119,230,000.00	119,230,000.00	5.494380%	31 / 360	08/25 - 09/25	564,109.52	0.00	564,109.52	0.00	0.00	119,230,000.00
IIA3A	28,812,000.00	28,812,000.00	5.604380%	31 / 360	08/25 - 09/25	139,046.54	0.00	139,046.54	0.00	0.00	28,812,000.00
IIA3B	3,201,000.00	3,201,000.00	5.654380%	31 / 360	08/25 - 09/25	15,585.83	0.00	15,585.83	0.00	0.00	3,201,000.00
M1	14,830,000.00	14,830,000.00	5.634380%	31 / 360	08/25 - 09/25	71,952.60	0.00	71,952.60	0.00	0.00	14,830,000.00
M2	14,830,000.00	14,830,000.00	5.644380%	31 / 360	08/25 - 09/25	72,080.30	0.00	72,080.30	0.00	0.00	14,830,000.00
M3	9,004,000.00	9,004,000.00	5.664380%	31 / 360	08/25 - 09/25	43,918.46	0.00	43,918.46	0.00	0.00	9,004,000.00
M4	7,415,000.00	7,415,000.00	5.744380%	31 / 360	08/25 - 09/25	36,678.66	0.00	36,678.66	0.00	0.00	7,415,000.00
M5	5,296,000.00	5,296,000.00	5.804380%	31 / 360	08/25 - 09/25	26,470.55	0.00	26,470.55	0.00	0.00	5,296,000.00
M6	5,296,000.00	5,296,000.00	5.874380%	31 / 360	08/25 - 09/25	26,789.78	0.00	26,789.78	0.00	0.00	5,296,000.00
M7	5,296,000.00	5,296,000.00	6.424380%	31 / 360	08/25 - 09/25	29,298.03	0.00	29,298.03	0.00	0.00	5,296,000.00
M8	5,296,000.00	5,296,000.00	6.574380%	31 / 360	08/25 - 09/25	29,982.09	0.00	29,982.09	0.00	0.00	5,296,000.00
M9	5,826,000.00	5,826,000.00	6.798143%	31 / 360	08/25 - 09/25	34,236.78	0.00	34,236.78	0.00	0.00	5,826,000.00
M10	9,004,000.00	9,004,000.00	6.798143%	31 / 360	08/25 - 09/25	52,912.46	0.00	52,912.46	0.00	0.00	9,004,000.00
P	100.00	100.00	0.000000%	30 / 360		27,655.75	0.00	27,655.75	0.00	0.00	100.00
X	6,622.55	4,766,753.25	0.000000%	30 / 360		1,081,668.46	0.00	1,081,668.46	0.00	0.00	4,766,753.25
R	0.00	0.00	0.000000%	30 / 360		0.00	0.00	0.00	0.00	0.00	0.00
LTR1	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	1,059,300,722.55	968,006,330.23				5,692,752.89	22,187,732.35	27,880,485.24	0.00	0.00	945,818,597.88

Reports Available at www.sf.citidirect.com

Page 2 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE


Class	CUSIP	Record Date	Prior Principal Balance	Interest Distributed	Principal Distributed	Total Distributed	Deferred Interest	Realized Loss	Current Principal Balance
			(3/2 x 1000)	(7/2 x 1000)	(8/2 x 1000)	(9/2 x 1000)	(10/2 x 1000)	(11/2 x 1000)	(12/2 x 1000)
IA1A	52522EAA7	09/22/2006	915.965248	4.325793	16.928550	21.254343	0.000000	0.000000	899.036697
IA1B	52522EAB5	09/22/2006	915.965248	4.357343	16.928550	21.285893	0.000000	0.000000	899.036697
IIA1	52522EAC3	09/22/2006	742.522296	3.449135	70.340478	73.789613	0.000000	0.000000	672.181818
IIA2	52522EAD1	09/22/2006	1,000.000000	4.731272	0.000000	4.731272	0.000000	0.000000	1,000.000000
IIA3A	52522EAE9	09/22/2006	1,000.000000	4.825994	0.000000	4.825994	0.000000	0.000000	1,000.000000
IIA3B	52522EAF6	09/22/2006	1,000.000000	4.869050	0.000000	4.869050	0.000000	0.000000	1,000.000000
M1	52522EAG4	09/22/2006	1,000.000000	4.851827	0.000000	4.851827	0.000000	0.000000	1,000.000000
M2	52522EAH2	09/22/2006	1,000.000000	4.860438	0.000000	4.860438	0.000000	0.000000	1,000.000000
M3	52522EAJ8	09/22/2006	1,000.000000	4.877661	0.000000	4.877661	0.000000	0.000000	1,000.000000
M4	52522EAK5	09/22/2006	1,000.000000	4.946549	0.000000	4.946549	0.000000	0.000000	1,000.000000
M5	52522EAL3	09/22/2006	1,000.000000	4.998216	0.000000	4.998216	0.000000	0.000000	1,000.000000
M6	52522EAM1	09/22/2006	1,000.000000	5.058493	0.000000	5.058493	0.000000	0.000000	1,000.000000
M7	52522EAN9	09/22/2006	1,000.000000	5.532105	0.000000	5.532105	0.000000	0.000000	1,000.000000
M8	52522EAP4	09/22/2006	1,000.000000	5.661271	0.000000	5.661271	0.000000	0.000000	1,000.000000
M9	52522EAQ2	09/22/2006	1,000.000000	5.876550	0.000000	5.876550	0.000000	0.000000	1,000.000000
M10	52522EAR0	09/22/2006	1,000.000000	5.876550	0.000000	5.876550	0.000000	0.000000	1,000.000000
P	002945ZZ1	08/31/2006	1,000.000000	276,557.500000	0.000000	276,557.500000	0.000000	0.000000	1,000.000000
X	002945ZZ2	08/31/2006	719,776.105881	163,331.112638	0.000000	163,331.112638	0.000000	0.000000	719,776.105881
R	002945ZZ4	08/31/2006	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000
LTR1	002945ZZ5	08/31/2006	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000
C	002945ZZ3	08/31/2006	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000

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Page 3 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Interest Distribution Detail

DISTRIBUTION IN DOLLARS


Class	Prior Principal Balance	Pass- Through Rate	Next Pass- Through Rate	Interest Accrual Day Cnt Fraction	Optimal Accrued Interest	Prior Unpaid Interest	Interest on Prior Unpaid Interest	Non-Recov. Interest Shortfall	Interest Due	Deferred Interest	Interest Distributed	Current Unpaid Interest
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)=(6)+(7)+(8)-(9)	(11)	(12)	(13)=(10)-(11)-(12)
IA1A	554,249,655.32	5.48438%	5.49000%	31 / 360	2,617,532.99	0.00	0.00	0.00	2,617,532.99	0.00	2,617,532.99	0.00
IA1B	61,583,091.49	5.52438%	5.53000%	31 / 360	292,957.23	0.00	0.00	0.00	292,957.23	0.00	292,957.23	0.00
IIA1	114,070,730.17	5.39438%	5.73000%	31 / 360	529,876.86	0.00	0.00	0.00	529,876.86	0.00	529,876.86	0.00
IIA2	119,230,000.00	5.49438%	5.84000%	31 / 360	564,109.52	0.00	0.00	0.00	564,109.52	0.00	564,109.52	0.00
IIA3A	28,812,000.00	5.60438%	5.89000%	31 / 360	139,046.54	0.00	0.00	0.00	139,046.54	0.00	139,046.54	0.00
IIA3B	3,201,000.00	5.65438%	5.85000%	31 / 360	15,585.83	0.00	0.00	0.00	15,585.83	0.00	15,585.83	0.00
M1	14,830,000.00	5.63438%	5.64000%	31 / 360	71,952.60	0.00	0.00	0.00	71,952.60	0.00	71,952.60	0.00
M2	14,830,000.00	5.64438%	5.65000%	31 / 360	72,080.30	0.00	0.00	0.00	72,080.30	0.00	72,080.30	0.00
M3	9,004,000.00	5.66438%	5.67000%	31 / 360	43,918.46	0.00	0.00	0.00	43,918.46	0.00	43,918.46	0.00
M4	7,415,000.00	5.74438%	5.75000%	31 / 360	36,678.66	0.00	0.00	0.00	36,678.66	0.00	36,678.66	0.00
M5	5,296,000.00	5.80438%	5.81000%	31 / 360	26,470.55	0.00	0.00	0.00	26,470.55	0.00	26,470.55	0.00
M6	5,296,000.00	5.87438%	5.88000%	31 / 360	26,789.78	0.00	0.00	0.00	26,789.78	0.00	26,789.78	0.00
M7	5,296,000.00	6.42438%	6.43000%	31 / 360	29,298.03	0.00	0.00	0.00	29,298.03	0.00	29,298.03	0.00
M8	5,296,000.00	6.57438%	6.58000%	31 / 360	29,982.09	0.00	0.00	0.00	29,982.09	0.00	29,982.09	0.00
M9	5,826,000.00	6.79814%	6.79814%	31 / 360	34,236.78	0.00	0.00	0.00	34,236.78	0.00	34,236.78	0.00
M10	9,004,000.00	6.79814%	6.79814%	31 / 360	52,912.46	0.00	0.00	0.00	52,912.46	0.00	52,912.46	0.00
P	100.00	0.00000%	0.00000%	30 / 360	27,655.75	0.00	0.00	0.00	27,655.75	0.00	27,655.75	0.00
X	4,766,753.25	0.00000%	0.00000%	30 / 360	1,081,668.46	0.00	0.00	0.00	1,081,668.46	0.00	1,081,668.46	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
LTR1	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	968,006,330.23				5,692,752.89	0.00	0.00	0.00	5,692,752.89	0.00	5,692,752.89	0.00

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Page 4 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Principal Distribution Detail

DISTRIBUTION IN DOLLARS


Class	Original Balance	Prior Principal Balance	Scheduled Principal Distribution	Unscheduled Principal Distribution	Accreted Principal	Current Realized Losses	Current Principal Recoveries	Current Principal Balance	Cumulative Realized Losses	Original Class (%)	Current Class (%)	Original Credit Support	Current Credit Support
										(11)	(12)	(13)	(14)
IA1A	605,099,000.00	554,249,655.32	84,570.75	10,158,878.13	0.00	0.00	0.00	544,006,206.44	0.00	57.12%	57.81%	7.75%	8.72%
IA1B	67,233,000.00	61,583,091.49	9,396.72	1,128,760.51	0.00	0.00	0.00	60,444,934.27	0.00	6.35%	6.42%	7.75%	8.72%
IIA1	153,626,000.00	114,070,730.17	50,354.15	10,755,772.10	0.00	0.00	0.00	103,264,603.92	0.00	14.50%	10.97%	7.75%	8.72%
IIA2	119,230,000.00	119,230,000.00	0.00	0.00	0.00	0.00	0.00	119,230,000.00	0.00	11.26%	12.67%	7.75%	8.72%
IIA3A	28,812,000.00	28,812,000.00	0.00	0.00	0.00	0.00	0.00	28,812,000.00	0.00	2.72%	3.06%	7.75%	8.72%
IIA3B	3,201,000.00	3,201,000.00	0.00	0.00	0.00	0.00	0.00	3,201,000.00	0.00	0.30%	0.34%	7.75%	8.72%
M1	14,830,000.00	14,830,000.00	0.00	0.00	0.00	0.00	0.00	14,830,000.00	0.00	1.40%	1.58%	6.35%	7.15%
M2	14,830,000.00	14,830,000.00	0.00	0.00	0.00	0.00	0.00	14,830,000.00	0.00	1.40%	1.58%	4.95%	5.57%
M3	9,004,000.00	9,004,000.00	0.00	0.00	0.00	0.00	0.00	9,004,000.00	0.00	0.85%	0.96%	4.10%	4.61%
M4	7,415,000.00	7,415,000.00	0.00	0.00	0.00	0.00	0.00	7,415,000.00	0.00	0.70%	0.79%	3.40%	3.83%
M5	5,296,000.00	5,296,000.00	0.00	0.00	0.00	0.00	0.00	5,296,000.00	0.00	0.50%	0.56%	2.90%	3.26%
M6	5,296,000.00	5,296,000.00	0.00	0.00	0.00	0.00	0.00	5,296,000.00	0.00	0.50%	0.56%	2.40%	2.70%
M7	5,296,000.00	5,296,000.00	0.00	0.00	0.00	0.00	0.00	5,296,000.00	0.00	0.50%	0.56%	1.90%	2.14%
M8	5,296,000.00	5,296,000.00	0.00	0.00	0.00	0.00	0.00	5,296,000.00	0.00	0.50%	0.56%	1.40%	1.58%
M9	5,826,000.00	5,826,000.00	0.00	0.00	0.00	0.00	0.00	5,826,000.00	0.00	0.55%	0.62%	0.85%	0.96%
M10	9,004,000.00	9,004,000.00	0.00	0.00	0.00	0.00	0.00	9,004,000.00	0.00	0.85%	0.96%	0.00%	0.00%
Totals	1,059,294,000.00	963,239,476.98	144,321.62	22,043,410.74	0.00	0.00	0.00	941,051,744.63	0.00	100%	100%

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Page 5 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Reconciliation Detail


*SOURCE OF FUNDS*

Interest Funds Available
Scheduled Interest	5,874,868.99
Uncompensated PPIS	0.00
Relief Act Interest Shortfall	0.00
Interest Adjustments	0.00
Total Interest Funds Available:		5,874,868.99
Principal Funds Available
Scheduled Principal	144,321.62
Curtailments	83,679.82
Prepayments in Full	21,959,721.69
Liquidation Proceeds	0.00
Adjustment Principal	9.23
Repurchased Principal	0.00
Substitution Principal	0.00
Other Principal	0.00
Total Principal Funds Available:		22,187,732.36
Other Funds Available
Swap Amount	0.00
Prepayment Charges	27,655.75
Other Charges	0.00
Total Other Funds Available:		27,655.75
Total Funds Available		28,090,257.10


*ALLOCATION OF FUNDS*

Scheduled Fees
Insurance Fee	203.50
Master Servicing Fee	0.00
Servicing Fee	202,642.47
Trustee Fee	0.00
Total Scheduled Fees:		202,845.97
Additional Fees, Expenses, etc.
Extraordinary Trust Fund Expenses	0.00
Other Expenses	0.00
Payment to the Swap Counterparty	6,925.89
Total Additional Fees, Expenses, etc.:		6,925.89
Distribution to Certificateholders
Interest Distribution	5,692,752.89
Principal Distribution	22,187,732.35
Total Distribution to Certificateholders:		27,880,485.24
Total Funds Allocated		28,090,257.10

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Page 6 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Collateral Summary - Group 1


*ASSET CHARACTERISTICS*

	Cut-Off			Prior			Current

Aggregate Stated Principal Balance		728,816,789.66			675,606,528.24			664,224,922.13

Loan Count		3,589			3,328			3,272

Weighted Average Coupon Rate (WAC)		7.263115	%		7.222599	%		N/A

Net Weighted Average Coupon Rate (Net WAC)		7.012128	%		6.971220	%		N/A

Weighted Average Remaining Term (WART in months)		0			354			353


*AVAILABLE PRINCIPAL*

Scheduled Principal	93,967.47
Curtailments	81,351.22
Prepayments in Full	11,206,262.26
Liquidation Proceeds	0.00
Repurchased Principal	0.00
Substitution Principal	0.00
Adjustment Principal	25.16
Other Principal	0.00
TOTAL AVAILABLE PRINCIPAL	11,381,606.11
Current Realized Losses	0.00
Realized Losses and Recoveries from Prior Periods	0.00
Cumulative Realized Losses	0.00


*AVAILABLE INTEREST*

Scheduled Interest		4,066,362.91

	Supplemental Interest Trust Amount	0.00
Less:	Servicing Fee	141,324.16
	Master Servicing Fee	0.00
	Insurance Fee	203.50
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		3,924,835.25

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Page 7 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Collateral Summary - Group 2


*ASSET CHARACTERISTICS*

	Cut-Off			Prior			Current

Aggregate Stated Principal Balance		330,483,932.89			292,399,802.00			281,593,675.75

Loan Count		550			487			470

Weighted Average Coupon Rate (WAC)		7.446574	%		7.422054	%		N/A

Net Weighted Average Coupon Rate (Net WAC)		7.194410	%		7.170406	%		N/A

Weighted Average Remaining Term (WART in months)		0			354			353


*AVAILABLE PRINCIPAL*

Scheduled Principal	50,354.15
Curtailments	2,328.60
Prepayments in Full	10,753,459.43
Liquidation Proceeds	0.00
Repurchased Principal	0.00
Substitution Principal	0.00
Adjustment Principal	(15.93)
Other Principal	0.00
TOTAL AVAILABLE PRINCIPAL	10,806,126.25

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


*AVAILABLE INTEREST*

Scheduled Interest		1,808,506.08

Less:	Servicing Fee	61,318.31
	Master Servicing Fee	0.00
	Insurance Fee	0.00
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		1,747,187.77

Reports Available at www.sf.citidirect.com

Page 8 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Collateral Summary - Total


*ASSET CHARACTERISTICS*

	Cut-Off			Prior			Current

Aggregate Stated Principal Balance		1,059,300,722.55			968,006,330.24			945,818,597.88

Loan Count		4,139			3,815			3,742

Weighted Average Coupon Rate (WAC)		7.320351	%		7.282847	%		N/A

Net Weighted Average Coupon Rate (WAC)		7.068997	%		7.031505	%		N/A

Weighted Average Remaining Term (WART in months)		0			354			353


*AVAILABLE PRINCIPAL*

Scheduled Principal	144,321.62
Curtailments	83,679.82
Prepayments in Full	21,959,721.69
Liquidation Proceeds	0.00
Repurchased Principal	0.00
Substitution Principal	0.00
Adjustment Principal	9.23
Other Principal	0.00
TOTAL AVAILABLE PRINCIPAL	22,187,732.36

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


*AVAILABLE INTEREST*

Scheduled Interest		5,874,868.99

	Supplemental Interest Trust Amount	0.00
Less:	Servicing Fee	202,642.47
	Master Servicing Fee	0.00
	Insurance Fee	203.50
	Trustee Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		5,672,023.02

Reports Available at www.sf.citidirect.com

Page 9 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Delinquency Information


*GROUP 1*

	Less Than
	30 Days			30-59 Days			60-89 Days			90+ Days			Totals
Delinquency
Scheduled Principal Balance					8,417,847.59			5,838,476.31			884,999.19			15,141,323.09
Percentage of Total Pool Balance					1.2673	%		0.8790	%		0.1332	%		2.2795	%
Number of Loans					41			24			3			68
Percentage of Total Loans					1.2531	%		0.7335	%		0.0917	%		2.0782	%
Bankruptcy
Scheduled Principal Balance		138,992.51			0.00			0.00			0.00			138,992.51
Percentage of Total Pool Balance		0.0209	%		0.0000	%		0.0000	%		0.0000	%		0.0209	%
Number of Loans		1			0			0			0			1
Percentage of Total Loans		0.0306	%		0.0000	%		0.0000	%		0.0000	%		0.0306	%
Foreclosure
Scheduled Principal Balance					0.00			0.00			8,829,795.74			8,829,795.74
Percentage of Total Pool Balance					0.0000	%		0.0000	%		1.3293	%		1.3293	%
Number of Loans					0			0			38			38
Percentage of Total Loans					0.0000	%		0.0000	%		1.1614	%		1.1614	%
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		138,992.51			8,417,847.59			5,838,476.31			9,714,794.93			24,110,111.34
Percentage of Total Pool Balance		0.0209	%		1.2673	%		0.8790	%		1.4626	%		3.6298	%
Number of Loans		1			41			24			41			107
Percentage of Total Loans		0.0306	%		1.2531	%		0.7335	%		1.2531	%		3.2702	%

Principal and Interest Advances					3,334,415.27

Reports Available at www.sf.citidirect.com

Page 10 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Delinquency Information


*GROUP 2*

	30-59 Days			60-89 Days			90+ Days			Totals
Delinquency
Scheduled Principal Balance		5,767,300.43			5,019,050.93			0.00			10,786,351.36
Percentage of Total Pool Balance		2.0481	%		1.7824	%		0.0000	%		3.8305	%
Number of Loans		8			8			0			16
Percentage of Total Loans		1.7021	%		1.7021	%		0.0000	%		3.4043	%
Bankruptcy
Scheduled Principal Balance		0.00			0.00			528,000.00			528,000.00
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.1875	%		0.1875	%
Number of Loans		0			0			1			1
Percentage of Total Loans		0.0000	%		0.0000	%		0.2128	%		0.2128	%
Foreclosure
Scheduled Principal Balance		0.00			0.00			4,639,196.38			4,639,196.38
Percentage of Total Pool Balance		0.0000	%		0.0000	%		1.6475	%		1.6475	%
Number of Loans		0			0			9			9
Percentage of Total Loans		0.0000	%		0.0000	%		1.9149	%		1.9149	%
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		5,767,300.43			5,019,050.93			5,167,196.38			15,953,547.74
Percentage of Total Pool Balance		2.0481	%		1.7824	%		1.8350	%		5.6654	%
Number of Loans		8			8			10			26
Percentage of Total Loans		1.7021	%		1.7021	%		2.1277	%		5.5319	%

Principal and Interest Advances		1,559,405.42

Reports Available at www.sf.citidirect.com

Page 11 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Delinquency Information


*GROUP TOTALS*

	Less Than
	30 Days			30-59 Days			60-89 Days			90+ Days			Totals
Delinquency
Scheduled Principal Balance					14,185,148.02			10,857,527.24			884,999.19			25,927,674.45
Percentage of Total Pool Balance					1.4998	%		1.1480	%		0.0936	%		2.7413	%
Number of Loans					49			32			3			84
Percentage of Total Loans					1.3095	%		0.8552	%		0.0802	%		2.2448	%
Bankruptcy
Scheduled Principal Balance		138,992.51			0.00			0.00			528,000.00			666,992.51
Percentage of Total Pool Balance		0.0147	%		0.0000	%		0.0000	%		0.0558	%		0.0705	%
Number of Loans		1			0			0			1			2
Percentage of Total Loans		0.0267	%		0.0000	%		0.0000	%		0.0267	%		0.0534	%
Foreclosure
Scheduled Principal Balance					0.00			0.00			13,468,992.12			13,468,992.12
Percentage of Total Pool Balance					0.0000	%		0.0000	%		1.4241	%		1.4241	%
Number of Loans					0			0			47			47
Percentage of Total Loans					0.0000	%		0.0000	%		1.2560	%		1.2560	%
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		138,992.51			14,185,148.02			10,857,527.24			14,881,991.31			40,063,659.08
Percentage of Total Pool Balance		0.0147	%		1.4998	%		1.1480	%		1.5735	%		4.2359	%
Number of Loans		1			49			32			51			133
Percentage of Total Loans		0.0267	%		1.3095	%		0.8552	%		1.3629	%		3.5542	%

Principal and Interest Advances					4,893,820.69

Reports Available at www.sf.citidirect.com

Page 12 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Credit Enhancement


*GROUP TOTALS*

Required Overcollateralization Amount			4,766,853.25	0.5040	%
Prior Overcollateralization Amount			4,766,853.26
Overcollateralization Decrease due to Realized Losses			0.00
Overcollateralization Deficiency Amount	0.00
Excess Spread Available for Overcollateralization Increase	0.00
Overcollateralization Increase Amount			0.00
Excess Overcollateralization Amount	0.01
Principal Available for Overcollateralization Reduction	22,187,732.36
Overcollateralization Reduction Amount			0.01
Current Overcollateralization			4,766,853.25	0.5040	%

Senior Enhancement Percentage				9.1836	%
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 May 2009 passed or have the Senior Notes paid down to their target percentage?)
Senior Notes Current Percentage	9.1836	%
Senior Notes Target Percentage	83.6000	%
Is A Trigger Event in effect?			No
(Is a Delinquency Trigger Event in effect or is a Cumulative Loss Trigger Event 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	1.6452	%
Target Percentage	3.9122	%
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	0.0230	%

Reports Available at www.sf.citidirect.com

Page 13 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Waterfall Detail


				Remaining
*DISTRIBUTIONS*	Amount			Available
	Distributed			Funds
Group 1 Interest Remittance Funds					3,924,835.25
Group 1 Swap Percentage of the Net Swap Payment owed to the Swap Counterparty		(4,834.16	)		3,920,001.09
Group 2 Swap Percentage of the Net Swap Payment owed to the Swap Counterparty		0.00			3,920,001.09
Class 1-A1A, 1-A1B Current and Carryforward Interest		(2,910,490.22	)		1,009,510.87

Group 2 Interest Remittance Funds					1,747,187.77
Group 2 Swap Percentage of the Net Swap Payment owed to the Swap Counterparty		(2,091.73	)		1,745,096.04
Group 1 Swap Percentage of the Net Swap Payment owed to the Swap Counterparty		0.00			1,745,096.04
Class 2-A1, 2-A2, 2-A3A, 2-A3B Current and Carryforward Interest		(1,248,618.75	)		496,477.29

Group 1 & 2 Interest Remittance Funds					1,505,988.16
Group 1 & 2 Interest Remaining Unpaid Current and Carryforward Interest		0.00			1,505,988.16
Class M-1 Current and Carryforward Interest		(71,952.60	)		1,434,035.56
Class M-2 Current and Carryforward Interest		(72,080.30	)		1,361,955.26
Class M-3 Current and Carryforward Interest		(43,918.46	)		1,318,036.80
Class M-4 Current and Carryforward Interest		(36,678.66	)		1,281,358.14
Class M-5 Current and Carryforward Interest		(26,470.55	)		1,254,887.59
Class M-6 Current and Carryforward Interest		(26,789.78	)		1,228,097.81
Class M-7 Current and Carryforward Interest		(29,298.03	)		1,198,799.78
Class M-8 Current and Carryforward Interest		(29,982.09	)		1,168,817.69
Class M-9 Current and Carryforward Interest		(34,105.15	)		1,134,712.54
Class M-10 Current and Carryforward Interest		(52,709.03	)		1,082,003.51

Group 1 Principal Distribution Amount					11,381,606.11
Group 1 Swap Percentage of the Net Swap Payment owed to the Swap Counterparty		0.00			11,381,606.11
Group 2 Swap Percentage of the Net Swap Payment owed to the Swap Counterparty		0.00			11,381,606.11
Class 1-A1A, 1-A1B, the Class Principal Amount		(11,381,606.11	)		0.00
Class 2-A1, 2-A2, the Class Principal Amount		0.00			0.00
Class 2-A3A, 2-A3B, the Class Principal Amount		0.00			0.00
Class M-1, the Class Principal Amount		0.00			0.00
Class M-2, the Class Principal Amount		0.00			0.00
Class M-3, the Class Principal Amount		0.00			0.00

Reports Available at www.sf.citidirect.com

Page 14 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7


Class M-4, the Class Principal Amount	0.00		0.00
Class M-5, the Class Principal Amount	0.00		0.00
Class M-6, the Class Principal Amount	0.00		0.00
Class M-7, the Class Principal Amount	0.00		0.00
Class M-8, the Class Principal Amount	0.00		0.00
Class M-9, the Class Principal Amount	0.00		0.00
Class M-10, the Class Principal Amount	0.00		0.00

Group 2 Principal Distribution Amount			10,806,126.25
Group 2 Swap Percentage of the Net Swap Payment owed to the Swap Counterparty	0.00		10,806,126.25
Group 1 Swap Percentage of the Net Swap Payment owed to the Swap Counterparty	0.00		10,806,126.25
Class 2-A1, 2-A2, the Class Principal Amount	(10,806,126.25	)	0.00
Class 2-A3A, 2-A3B, the Class Principal Amount	0.00		0.00
Class 1-A1A, 1-A1B, the Class Principal Amount	0.00		0.00
Class M-1, the Class Principal Amount	0.00		0.00
Class M-2, the Class Principal Amount	0.00		0.00
Class M-3, the Class Principal Amount	0.00		0.00
Class M-4, the Class Principal Amount	0.00		0.00
Class M-5, the Class Principal Amount	0.00		0.00
Class M-6, the Class Principal Amount	0.00		0.00
Class M-7, the Class Principal Amount	0.00		0.00
Class M-8, the Class Principal Amount	0.00		0.00
Class M-9, the Class Principal Amount	0.00		0.00
Class M-10, the Class Principal Amount	0.00		0.00

Group 1 Monthly Excess Cashlow Funds			0.00
Class 1-A1A, 1-A1B, the Class Principal Amount	0.00		0.00
Class 2-A1, 2-A2, the Class Principal Amount	0.00		0.00
Class 2-A3A, 2-A3B, the Class Principal Amount	0.00		0.00
Class M-1, the Class Principal Amount	0.00		0.00
Class M-2, the Class Principal Amount	0.00		0.00
Class M-3, the Class Principal Amount	0.00		0.00
Class M-4, the Class Principal Amount	0.00		0.00
Class M-5, the Class Principal Amount	0.00		0.00
Class M-6, the Class Principal Amount	0.00		0.00
Class M-7, the Class Principal Amount	0.00		0.00
Class M-8, the Class Principal Amount	0.00		0.00
Class M-9, the Class Principal Amount	0.00		0.00
Class M-10, the Class Principal Amount	0.00		0.00

Reports Available at www.sf.citidirect.com

Page 15 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7

Other Information


Basis Risk Reserve Fund
Beginning Balance	1,000.00
Deposits	335.06
Withdrawals	335.06
Ending Balance	1,000.00

Supplemental Interest Trust Fund
Beginning Balance	1,000.00
Deposits	6,925.89
Withdrawals	6,925.89
Ending Balance	1,000.00

Distributions to the Holders since inception
Class P	245,395.00
Class X	1,716,394.20
Class LT-R	0.00
Class R	0.00
Class C	0.00

Current Libor	5.324380	%
Next Libor	5.330000	%

Reports Available at www.sf.citidirect.com

Page 16 of 17

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Lehman XS Trust

Mortgage Pass-Through Certificates, Series 2006-7


Basis Risk Shortfall Amounts
Class A1A Basis Risk Shortfall Amount			0.00
Class A1B Basis Risk Shortfall Amount			0.00
Class 2A1 Basis Risk Shortfall Amount			0.00
Class 2A2 Basis Risk Shortfall Amount			0.00
Class 2A3A Basis Risk Shortfall Amount			0.00
Class 2A3b Basis Risk Shortfall Amount			0.00
Class M-1 Basis Risk Shortfall Amount			0.00
Class M-2 Basis Risk Shortfall Amount			0.00
Class M-3 Basis Risk Shortfall Amount			0.00
Class M-4 Basis Risk Shortfall Amount			0.00
Class M-5 Basis Risk Shortfall Amount			0.00
Class M-6 Basis Risk Shortfall Amount			0.00
Class M-7 Basis Risk Shortfall Amount			0.00
Class M-8 Basis Risk Shortfall Amount			0.00
Class M-9 Basis Risk Shortfall Amount			131.63
Class M-10 Basis Risk Shortfall Amount			203.43

Reports Available at www.sf.citidirect.com

Page 17 of 17

LXS 2006-7 10-D