Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3


*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	8

Credit Enhancement	9

Distribution Waterfall Detail	10

Other Information	12



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 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

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)
A1	263,914,000.00	263,914,000.00	5.454380%	31 / 360	08/25 - 09/24	1,239,558.46	15,572,656.62	16,812,215.08	0.00	0.00	248,341,343.38
M1	83,133,000.00	83,133,000.00	5.674380%	31 / 360	08/25 - 09/24	406,210.42	0.00	406,210.42	0.00	0.00	83,133,000.00
M2	22,653,000.00	22,653,000.00	5.714380%	31 / 360	08/01 - 08/31	111,468.98	0.00	111,468.98	0.00	0.00	22,653,000.00
M3	9,897,000.00	9,897,000.00	5.754380%	31 / 360	08/25 - 09/24	49,041.22	0.00	49,041.22	0.00	0.00	9,897,000.00
M4	10,776,000.00	10,776,000.00	5.874380%	31 / 360	08/25 - 09/24	54,510.33	0.00	54,510.33	0.00	0.00	10,776,000.00
M5	8,577,000.00	8,577,000.00	5.924380%	31 / 360	08/25 - 09/24	43,755.99	0.00	43,755.99	0.00	0.00	8,577,000.00
M6	7,478,000.00	7,478,000.00	5.974380%	31 / 360	08/25 - 09/24	38,471.36	0.00	38,471.36	0.00	0.00	7,478,000.00
M7	7,478,000.00	7,478,000.00	6.424380%	31 / 360	08/25 - 09/24	41,369.08	0.00	41,369.08	0.00	0.00	7,478,000.00
M8	6,158,000.00	6,158,000.00	6.624380%	31 / 360	08/25 - 09/24	35,127.25	0.00	35,127.25	0.00	0.00	6,158,000.00
M9	4,179,000.00	4,179,000.00	7.574380%	31 / 360	08/25 - 09/24	27,257.04	0.00	27,257.04	0.00	0.00	4,179,000.00
B1	4,399,000.00	4,399,000.00	7.824380%	31 / 360	08/25 - 09/24	29,638.97	0.00	29,638.97	0.00	0.00	4,399,000.00
B2	5,497,000.00	5,497,000.00	7.824380%	31 / 360	08/25 - 09/24	37,036.92	0.00	37,036.92	0.00	0.00	5,497,000.00
X	5,717,590.61	5,717,590.61	0.000000%	-		0.00	0.00	0.00	988,207.47	0.00	6,705,798.08
P	100.00	100.00	0.000000%	-		0.00	0.00	0.00	0.00	0.00	100.00
LTR	0.00	0.00	0.000000%	-		0.00	0.00	0.00	0.00	0.00	0.00
R	0.00	0.00	0.000000%	-		0.00	0.00	0.00	0.00	0.00	0.00
Totals	439,856,690.61	439,856,690.61				2,113,446.02	15,572,656.62	17,686,102.64	988,207.47	0.00	425,272,241.46

Notional Classes
AIO	131,957,000.00	131,957,000.00	9.500000%	30 / 360	08/01 - 08/31	1,044,659.58	0.00	1,044,659.58	0.00	0.00	131,957,000.00

Reports Available at www.sf.citidirect.com

Page 2 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

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)
A1	86359WAA3	09/22/2006	1,000.000000	4.696827	59.006558	63.703385	0.000000	0.000000	940.993442
M1	86359WAC9	09/22/2006	1,000.000000	4.886272	0.000000	4.886272	0.000000	0.000000	1,000.000000
M2	86359WAD7	09/22/2006	1,000.000000	4.920716	0.000000	4.920716	0.000000	0.000000	1,000.000000
M3	86359WAE5	09/22/2006	1,000.000000	4.955160	0.000000	4.955160	0.000000	0.000000	1,000.000000
M4	86359WAF2	09/22/2006	1,000.000000	5.058494	0.000000	5.058494	0.000000	0.000000	1,000.000000
M5	86359WAG0	09/22/2006	1,000.000000	5.101549	0.000000	5.101549	0.000000	0.000000	1,000.000000
M6	86359WAH8	09/22/2006	1,000.000000	5.144606	0.000000	5.144606	0.000000	0.000000	1,000.000000
M7	86359WAJ4	09/22/2006	1,000.000000	5.532105	0.000000	5.532105	0.000000	0.000000	1,000.000000
M8	86359WAK1	09/22/2006	1,000.000000	5.704328	0.000000	5.704328	0.000000	0.000000	1,000.000000
M9	86359WAL9	09/22/2006	1,000.000000	6.522383	0.000000	6.522383	0.000000	0.000000	1,000.000000
B1	86359WAM7	09/22/2006	1,000.000000	6.737661	0.000000	6.737661	0.000000	0.000000	1,000.000000
B2	86359WAN5	09/22/2006	1,000.000000	6.737661	0.000000	6.737661	0.000000	0.000000	1,000.000000
X		08/31/2006	1,000.000000	0.000000	0.000000	0.000000	172.836346	0.000000	1,172.836346
P		08/31/2006	1,000.000000	0.000000	0.000000	0.000000	0.000000	0.000000	1,000.000000
AIO	86359WAB1	08/31/2006	1,000.000000	7.916667	0.000000	7.916667	0.000000	0.000000	1,000.000000

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Page 3 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

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)
A1	263,914,000.00	5.45438%	5.46000%	31 / 360	1,239,558.46	0.00	0.00	0.00	1,239,558.46	0.00	1,239,558.46	0.00
M1	83,133,000.00	5.67438%	5.68000%	31 / 360	406,210.42	0.00	0.00	0.00	406,210.42	0.00	406,210.42	0.00
M2	22,653,000.00	5.71438%	5.72000%	31 / 360	111,468.98	0.00	0.00	0.00	111,468.98	0.00	111,468.98	0.00
M3	9,897,000.00	5.75438%	5.76000%	31 / 360	49,041.22	0.00	0.00	0.00	49,041.22	0.00	49,041.22	0.00
M4	10,776,000.00	5.87438%	5.88000%	31 / 360	54,510.33	0.00	0.00	0.00	54,510.33	0.00	54,510.33	0.00
M5	8,577,000.00	5.92438%	5.93000%	31 / 360	43,755.99	0.00	0.00	0.00	43,755.99	0.00	43,755.99	0.00
M6	7,478,000.00	5.97438%	5.98000%	31 / 360	38,471.36	0.00	0.00	0.00	38,471.36	0.00	38,471.36	0.00
M7	7,478,000.00	6.42438%	6.43000%	31 / 360	41,369.08	0.00	0.00	0.00	41,369.08	0.00	41,369.08	0.00
M8	6,158,000.00	6.62438%	6.63000%	31 / 360	35,127.25	0.00	0.00	0.00	35,127.25	0.00	35,127.25	0.00
M9	4,179,000.00	7.57438%	7.58000%	31 / 360	27,257.04	0.00	0.00	0.00	27,257.04	0.00	27,257.04	0.00
B1	4,399,000.00	7.82438%	7.83000%	31 / 360	29,638.97	0.00	0.00	0.00	29,638.97	0.00	29,638.97	0.00
B2	5,497,000.00	7.82438%	7.83000%	31 / 360	37,036.92	0.00	0.00	0.00	37,036.92	0.00	37,036.92	0.00
X	5,717,590.61	0.00000%	0.00000%	-	988,207.47	0.00	0.00	0.00	988,207.47	988,207.47	0.00	0.00
P	100.00	0.00000%	0.00000%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTR	0.00	0.00000%	0.00000%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R	0.00	0.00000%	0.00000%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Totals	439,856,690.61				3,101,653.49	0.00	0.00	0.00	3,101,653.49	988,207.47	2,113,446.02	0.00

Notional Classes


AIO	131,957,000.00	9.50000%	9.50000%	30 / 360	1,044,659.58	0.00	0.00	0.00	1,044,659.58	0.00	1,044,659.58	0.00

Reports Available at www.sf.citidirect.com

Page 4 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

Principal Distribution Detail

*DISTRIBUTION IN DOLLARS*
Class	Original Balance	Prior Principal Balance	Principal Distribution	Accreted Principal	Current Realized Losses	Current Principal Recoveries	Current Principal Balance	Cumulative Realized Losses
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)=(3)-(4)+(5)-(6)+(7)	(9)
A1	263,914,000.00	263,914,000.00	15,572,656.62	0.00	0.00	0.00	248,341,343.38	0.00
M1	83,133,000.00	83,133,000.00	0.00	0.00	0.00	0.00	83,133,000.00	0.00
M2	22,653,000.00	22,653,000.00	0.00	0.00	0.00	0.00	22,653,000.00	0.00
M3	9,897,000.00	9,897,000.00	0.00	0.00	0.00	0.00	9,897,000.00	0.00
M4	10,776,000.00	10,776,000.00	0.00	0.00	0.00	0.00	10,776,000.00	0.00
M5	8,577,000.00	8,577,000.00	0.00	0.00	0.00	0.00	8,577,000.00	0.00
M6	7,478,000.00	7,478,000.00	0.00	0.00	0.00	0.00	7,478,000.00	0.00
M7	7,478,000.00	7,478,000.00	0.00	0.00	0.00	0.00	7,478,000.00	0.00
M8	6,158,000.00	6,158,000.00	0.00	0.00	0.00	0.00	6,158,000.00	0.00
M9	4,179,000.00	4,179,000.00	0.00	0.00	0.00	0.00	4,179,000.00	0.00
B1	4,399,000.00	4,399,000.00	0.00	0.00	0.00	0.00	4,399,000.00	0.00
B2	5,497,000.00	5,497,000.00	0.00	0.00	0.00	0.00	5,497,000.00	0.00
X	5,717,590.61	5,717,590.61	0.00	988,207.47	0.00	0.00	6,705,798.08	0.00
P	100.00	100.00	0.00	0.00	0.00	0.00	100.00	0.00
LTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Totals	439,856,690.61	439,856,690.61	15,572,656.62	988,207.47	0.00	0.00	425,272,241.46	0.00

Reports Available at www.sf.citidirect.com

Page 5 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

Reconciliation Detail


*SOURCE OF FUNDS*
Interest Funds Available
Scheduled Interest	4,332,885.52
Uncompensated PPIS	0.00
Relief Act Interest Shortfall	0.00
Interest Adjustments	0.00
Total Interest Funds Available:		4,332,885.52
Principal Funds Available
Scheduled Principal	156,818.56
Curtailments	215,172.44
Prepayments in Full	14,210,412.79
Liquidation Proceeds	0.00
Adjustment Principal	2,045.36
Repurchased Principal	0.00
Substitution Principal	0.00
Other Principal	0.00
Total Principal Funds Available:		14,584,449.15
Other Funds Available
Cap Contract Amount	0.00
Prepayment Charges	0.00
Other Charges	0.00
Total Other Funds Available:		0.00
Total Funds Available		18,917,334.67


*ALLOCATION OF FUNDS*
Scheduled Fees
Credit Risk Manager Fee	3,298.93
Master Servicing Fee	0.00
Retained Interest Fee	91,636.76
Servicing Fee	91,636.76
Trustee Fee	0.00
Total Scheduled Fees:		186,572.45
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	3,158,105.60
Principal Distribution	15,572,656.62
Total Distribution to Certificateholders:		18,730,762.22
Total Funds Allocated		18,917,334.67

Reports Available at www.sf.citidirect.com

Page 6 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

Collateral Summary


*ASSET CHARACTERISTICS*

	Cut-Off			Prior			Current

Aggregate Stated Principal Balance		439,856,690.61			439,856,690.61			425,272,241.46

Loan Count		7,528			7,528			7,326

Weighted Average Coupon Rate (WAC)		11.820811	%		11.820811	%		N/A

Net Weighted Average Coupon Rate (Net WAC)		11.570811	%		11.570811	%		N/A

Weighted Average Remaining Term (WART in months)		0			0			240


*AVAILABLE PRINCIPAL*

Scheduled Principal	156,818.56
Curtailments	215,172.44
Prepayments in Full	14,210,412.79
Liquidation Proceeds	0.00
Repurchased Principal	0.00
Substitution Principal	0.00
Adjustment Principal	2,045.36
Other Principal	0.00
TOTAL AVAILABLE PRINCIPAL	14,584,449.15

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


*AVAILABLE INTEREST*

Scheduled Interest		4,332,885.52

	Supplemental Interest Trust Amount	0.00
Less:	Servicing Fee	91,636.76
	Retained Interest Fee	91,636.76
	Master Servicing Fee	0.00
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
	Other Amounts	0.00
TOTAL AVAILABLE INTEREST		4,149,612.00

Reports Available at www.sf.citidirect.com

Page 7 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

Delinquency Information



	Less Than
	30 Days			30-59 Days			60-89 Days			90+ Days			Totals
Delinquency
Scheduled Principal Balance					4,848,803.21			799,601.88			0.00			5,648,405.09
Percentage of Total Pool Balance					1.1402	%		0.1880	%		0.0000	%		1.3282	%
Number of Loans					56			12			0			68
Percentage of Total Loans					0.7644	%		0.1638	%		0.0000	%		0.9282	%
Bankruptcy
Scheduled Principal Balance		133,660.53			0.00			0.00			0.00			133,660.53
Percentage of Total Pool Balance		0.0314	%		0.0000	%		0.0000	%		0.0000	%		0.0314	%
Number of Loans		2			0			0			0			2
Percentage of Total Loans		0.0273	%		0.0000	%		0.0000	%		0.0000	%		0.0273	%
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		133,660.53			4,848,803.21			799,601.88			0.00			5,782,065.62
Percentage of Total Pool Balance		0.0314	%		1.1402	%		0.1880	%		0.0000	%		1.3596	%
Number of Loans		2			56			12			0			70
Percentage of Total Loans		0.0273	%		0.7644	%		0.1638	%		0.0000	%		0.9555	%

Principal and Interest Advances					3,358,761.64

Reports Available at www.sf.citidirect.com

Page 8 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

Credit Enhancement


*GROUP 1*
Required Overcollateralization Amount			17,154,410.93	4.0337	%
Prior Overcollateralization Amount			5,717,690.61
Overcollateralization Decrease due to Realized Losses			0.00
Overcollateralization Deficiency Amount	11,436,720.32
Overcollateralization Increase Amount			988,207.47
Excess Overcollateralization Amount	0.00
Principal Available for Overcollateralization Reduction	14,584,449.15
Overcollateralization Reduction Amount			0.00
Current Overcollateralization			6,705,898.08	1.5768	%


Senior Enhancement Percentage				41.6041	%

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
(Dsitribution Date following the reduction of the Prinicpal amounts of Classes A1?)
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 Rolling Three Month Delinquency Rate equal or exceed 10.00% of the the target percentage?)
Rolling Three Month Delinquency Rate	0.0000	%
Target Percentage	4.1604	%
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	0.0950	%

Reports Available at www.sf.citidirect.com

Page 9 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

Waterfall Detail


*DISTRIBUTIONS*	Amount Distributed			Remaining Available Funds

Interest Remittance Funds					4,149,612.00
Deposit to the Swap Account, the Net Swap Payment owed to the Swap Counterparty		0.00			4,149,612.00
Concurrently, Class A1, A-IO Current and any Carryforward Interest		(2,284,218.04	)		1,865,393.96

Class M-1 Current and any Carryforward Interest		(406,210.42	)		1,459,183.54
Class M-2 Current and any Carryforward Interest		(111,468.98	)		1,347,714.56
Class M-3 Current and any Carryforward Interest		(49,041.22	)		1,298,673.34
Class M-4 Current and any Carryforward Interest		(54,510.33	)		1,244,163.01
Class M-5 Current and any Carryforward Interest		(43,755.99	)		1,200,407.02
Class M-6 Current and any Carryforward Interest		(38,471.36	)		1,161,935.66
Class M-7 Current and any Carryforward Interest		(41,369.08	)		1,120,566.58
Class M-8 Current and any Carryforward Interest		(35,127.25	)		1,085,439.33
Class M-9 Current and any Carryforward Interest		(27,257.04	)		1,058,182.29
Class B-1 Current and any Carryforward Interest		(29,638.97	)		1,028,543.32
Class B-2 Current and any Carryforward Interest		(37,036.92	)		991,506.40
To the Credit Risk Manager, the Credit Risk Manager Fee		(3,298.93	)		988,207.47
To the Trustee, certain unremibursed extraordinary costs		0.00			988,207.47
(Remaining, for application as part of Monthly Excess Cashflow)

Principal Distribution Funds					14,584,449.15
Deposit to the Swap Account, the Net Swap Payment owed to the Swap Counterparty		0.00			14,584,449.15
Sequentially to the Class A1, the Principal Distribution Amount		(14,584,449.15	)		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 B-1 Principal Distribution Amount		0.00			0.00
Class B-2 Principal Distribution Amount		0.00			0.00

Reports Available at www.sf.citidirect.com

Page 10 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3



Group 1 Monthly Excess Cashlow Funds			988,207.47
Class A1, the Class Principal Amount	(988,207.47	)	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 B-1, the Class Principal Amount	0.00		0.00
Class B-2, the Class Principal Amount	0.00		0.00

Prepayment Premiums			0.00
Class P Prepayment Premiums and Servicer Prepayment Premium Payment Amounts	0.00		0.00
Distribution of Class P outstanding Certificate Principal Balance	0.00		0.00

Reports Available at www.sf.citidirect.com

Page 11 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3

Other Information



Supplemental Interest Trust:
Basis Risk Reserve Fund
Beginning Balance			1,000.00
Deposits			0.00
Withdrawals			0.00
Ending Balance			1,000.00

Basis Risk Shortfall Amounts
Class A1 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			0.00
Class B-1 Basis Risk Shortfall Amount			0.00
Class B-2 Basis Risk Shortfall Amount			0.00

Unpaid Basis Risk Shortfall Amounts
Class A1 Unpaid Basis Risk Shortfall Amount			0.00
Class M-1 Unpaid Basis Risk Shortfall Amount			0.00
Class M-2 Unpaid Basis Risk Shortfall Amount			0.00
Class M-3 Unpaid Basis Risk Shortfall Amount			0.00
Class M-4 Unpaid Basis Risk Shortfall Amount			0.00
Class M-5 Unpaid Basis Risk Shortfall Amount			0.00
Class M-6 Unpaid Basis Risk Shortfall Amount			0.00
Class M-7 Unpaid Basis Risk Shortfall Amount			0.00
Class M-8 Unpaid Basis Risk Shortfall Amount			0.00
Class M-9 Unpaid Basis Risk Shortfall Amount			0.00
Class B-1 Unpaid Basis Risk Shortfall Amount			0.00
Class B-2 Unpaid Basis Risk Shortfall Amount			0.00

Reports Available at www.sf.citidirect.com

Page 12 of 13

Distribution Date:

Determination Date:

09/25/2006

09/18/2006

Structured Asset Securities Corporation

Mortgage Pass-Through Certificates, Series 2006-S3



Swap Account
Beginning Balance	1,000.00
Deposits	0.00
Withdrawals	0.00
Ending Balance	1,000.00

Interest Rate Cap Account
Beginning Balance	1,000.00
Deposits	0.00
Withdrawals	0.00
Ending Balance	1,000.00


Distributions to the Holders since inception, September 25th 2006
Class P	0.00
Class X	0.00
Class LT-R	0.00
Class R	0.00

Current Libor	5.324380	%
Next Libor	5.330000	%

Reports Available at www.sf.citidirect.com

Page 13 of 13

SASCO 2006-S3 10-D