sasco-2006-rm1

This information does not constitute either an offer to sell or a solicitation of an offer to buy any of the securities referred to herein. Offers to sell and solicitations of offers to buy the securities are made only by and this information must be read in conjunction with, the final Prospectus Supplement and the related Prospectus or, if not registered under the securities laws, the final Offering Memorandum (the "Offering Document"). Information contained herein does not purport to be complete and is subject to the same qualifications and assumptions, and should be considered by investors only in the light of the same warnings, lack of assurances and representations and other precautionary matters, as disclosed in the Offering Document. Information regarding the underlying assets has been provided by the issuer of the securities or an affiliate thereof and has not been independently verified by Lehman Brothers Inc. or any affiliate. The analyses contained herein have been prepared on the basis of certain assumptions (including, in certain cases, assumptions specified by the recipient hereof) regarding payments, interest rates, losses and other matters, including, but not limited to, the assumptions described in the Offering Document. Lehman Brothers Inc., and any of its affiliates, make no representation or warranty as to the actual rate or timing of payments on any of the underlying assets or the payments or yield on the securities. This information supersedes any prior versions hereof and will be deemed to be superseded by any subsequent versions (including, with respect to any description of the securities or underlying assets, the information contained in the Offering Document).

$[598,330,291]

SASCO 2006-RM1 STRUCTURED ASSET SECURITIES CORPORATION

REVERSE MORTGAGE LOAN TRUST 2006-RM1 MORTGAGE BACKED NOTES

Lehman Brothers Holdings Inc. (Seller)

Structured Asset Securities Corporation (Depositor)

SASCO 2006-RM1 (Issuer)

Citibank, N.A. (Indenture Trustee)

Offering Method

144A Private Placement Issuance

CONFIDENTIAL: FOR DISCUSSION PURPOSES ONLY ALL CLASS SIZES APPROXIMATIONS; ALL TERMS SUBJECT TO CHANGE

LEHMAN BROTHERS RESIDENTIAL MORTGAGE FINANCE

Investors are urged to read the final Prospectus Supplement and the related Prospectus, which will be filed with the Securities and Exchange Commission and may be accessed free of charge on the SEC's web site, www.sec.gov. Alternatively, if the offering is not registered under the Securities Act of 1933, as amended, investors should read the final Offering Memorandum. In either case a copy of the final Prospectus Supplement (when complete) or the final Offering Memorandum for unregistered deals (when complete) may be obtained from Lehman Brothers Inc., 745 Seventh Ave., New York, NY 10019, Attn: Fixed Income Syndicate; phone number 212 -526-7000.

2

(1) Notional Balance and Modified Duration shown for Class A-IO Notes in lieu of Principal Balance and Average Life, respectively.

(2) Based on the Prepayment Assumption.

(3) Not offered Class.

Certificates Approximate

Size ($) Coupon / Margin

Est. WAL to

Call (yrs.) (2)

Est. WAL to Maturity (yrs.) (2)

Legal Final Maturity

Ratings (S&P /Fitch /Moody’s)

A1 Floating Rate [490,000,000] 1-month LIBOR + []% [4.63] [4.75] August 25, 2036 AAA / AAA / Aaa

A-IO Fixed Rate [182,821,637] (1) []% [3.34] (1) [3.34] (1) August 25, 2036 AAA / AAA / Aaa

M1 Floating Rate [85,000,000] 1-month LIBOR + []% [3.76] [3.76] August 25, 2036 AA / AA / NR

M2 Floating Rate [23,330,291] 1-month LIBOR + []% [2.47] [2.47] August 25, 2036 A / A / NR

R (3) [] N/A N/A N/A August 25, 2036 NR / NR / NR

Contacts

Mortgage-Backed Securities Trading: Matt Miller (212) 526-8315 Sumit Chhabra (212) 526-8315 Mortgage-Backed Securities Finance: Joe Kelly (212) 526-4274 Scott Stimpfel (212) 526-5689 Maxine Wolfowitz (212) 526-2751 Kejian Wu (212) 526-4005

A1 A-IO [AAA/AAA/Aaa] [AAA/AAA/Aaa]

L + [%] []%

[A/A/NR] L + [%]

M1 [AA/AA/NR] L + [%]

M2



3

Transaction Structure Structure: Senior/subordinate bond structure Offering Method: Rule 144A and Regulation S Issuer: SASCO 2006-RM1

Originator: Financial Freedom (loans originated October 2004 – June 2006) Underwriter: Lehman Brothers Master Servicer: Aurora Loan Services LLC

Servicer: Financial Freedom Indenture Trustee: Citibank, N.A. Settlement Date: September [15], 2006

Cut-off Date: August 1, 2006 ERISA Eligibility: All Classes are expected to be ERISA eligible. SMMEA Eligibility: All Classes are NOT expected to be SMMEA eligible.

Distribution Date: The 25th day of each month, or if the 25th day is not a business day, on the next succeeding business day, beginning in September 25, 2006

Underlying Collateral: The SASCO transaction will be secured by Cash Account Reverse Mortgage loans and a

Funding Account. The Securities will be backed by a pool of [1,558] Cash Account Reverse Mortgage loans

having an unpaid balance of approximately [$522,347,535]. All loans are first lien Mortgages.

The SASCO 2006-RM1 trust will also have a Funding Account with an initial balance of approximately [$75,982,755], equal to the sum of the available credit line for all mortgage loans as of the Cut-off date.

Additional Amounts: The Servicer will assume each seller’s obligation, as lender, to fund all credit loan draws

by the borrowers and other amounts required to service the loans (such amounts are the “Additional Amounts”). The trust will enter into a binding commitment to purchase the Additional Amounts monthly, as they are created, from the Servicer.

Prepayment Assumption: The Base Prepayment Assumption assumes that prepayments start at 8.00% CPR for

borrowers aged 60 – 70, and increase by approximately 1.28% each year to 40.00% CPR for borrowers aged 95. Prepayments are assumed to be at 40% CPR for borrowers aged 95-99; 80% CPR for borrowers aged 100 and older.

Securities: The SASCO trust will issue Classes A1, A-IO, M1 and M2 (the “Notes”), as well as a

Class R Residual Certificate (the Notes, together with the Class R Residual Certificate, are the “Securities”).

Credit Enhancement: The Class A1 and Class A-IO Notes will have limited protection by means of the subordination of the Class M1 Notes, Class M2 Notes and excess spread. The Class A1 and Class A-IO Notes will have the preferential right to receive interest due to them and principal (except for the Class A-IO Notes) available for distribution over Classes having a lower priority of distribution. Likewise, the Class M1 Notes will have limited protection by means of the subordination of the Class M2 Notes and excess spread.

Interest Rate: All of the Notes, other than the Class A-IO Notes, will bear interest at 1-month LIBOR

plus a specified margin. Taxation: The SASCO 2006-RM1 trust will be an Owner Trust that makes a REMIC election.



4

Transaction Structure (Continued) Optional Redemption: On the first Payment Date on which the aggregate ending principal amount of the Notes

outstanding is less than ten percent of the initial aggregate principal amount of the Notes (the “Initial Call Date”) and on any date thereafter, the Master Servicer will have the right to purchase all of the property remaining in the Trust for a price equal to the sum of (1) the aggregate outstanding principal amount of the Notes, plus interest accrued and unpaid thereon, (2) the amount necessary to pay (a) all unpaid compensation and unreimbursed expenses of the Indenture Trustee, the Owner Trustee, the Master Servicer and the Servicer and any other fees and expenses of the Trust and (b) all amounts due Lehman Bank in respect of Additional Amounts, (3) the aggregate future loan commitment, and (4) if the Class A-IO Notes are outstanding, the Class A-IO Redemption Price.

Class A-IO Redemption Price: For any Payment Date, the “Class A-IO Redemption Price” will equal the present value, determined as of the final Payment Date, of the remaining payments scheduled to be made on the Class A-IO Notes on subsequent Payment Dates based on the Class Notional Amounts in effect for such subsequent Payment Dates and the Interest Rate for the Class A-IO Notes. The discount rate to be used in determining the present value of the remaining payments will approximate the expected yield to maturity used in pricing the Class A-IO Notes.

Other considerations: Additional certificates may not be issued by this trust. Additional loans will not be added

to the trust. Funding Requirements • The Seller shall deposit cash and cash equivalents into a trust account (the “Funding Account”) totaling approximately

[$75,982,755]. The Funding Account shall fund the borrower advances. Any investment income will be retained by the trust and reinvested in the Funding Account.

• Each month, the Trustee will calculate the following amounts: • Funding Amount: This is the amount needed to reimburse the Servicer for advances used to fund Additional

Amounts borrowed on the loans. These Additional Amounts represent the credit line draws made by the borrowers. • Aaa Interest Shortfall Amount: In any period, the amount, if any, by which the accrued and unpaid interest of the

Class A1 and Class A-IO Notes exceeds the Available Payment Amount remaining after rule 2 as described in “Principal and Interest Payments on the Securities” below.

• M1 Interest Shortfall Amount: In any period, the amount, if any, by which the accrued and unpaid interest of the Class M1 Notes exceeds the Available Payment Amount remaining after rule 4 as described in “Principal and Interest Payments on the Securities” below.

• M2 Interest Shortfall Amount: In any period, the amount, if any, by which the accrued and unpaid interest of the Class M2 Notes exceeds the Available Payment Amount remaining after rule 6 as described in “Principal and Interest Payments on the Securities” below.

• The amount withdrawn from the Funding Account and paid to the Class M1 and Class M2 Notes as Interest Shortfall Amounts shall not exceed a total of $1,000,000 and $1,000,000, respectively, over the lifetime of the trust.

• Maximum Funding Amount: Equal to the sum of all of the undrawn amounts of the loans as of the end of the immediately preceding calendar month, without giving effect to future increases in the related credit limit.

• Excess Amount: In any period, an amount equal to the excess, if any, of the Funding Account balance (after payment of the Funding Amount) over the Maximum Funding Amount.

• Each month, the Trustee will be obliged to withdraw from the Funding Account the following amounts:

• Funding Amount: payable to the Servicer. • Excess Amount: added to the Available Payment Amount as described below. • Interest Shortfall Draw: is equal to the sum of the Aaa Interest Shortfall Amount, the M1 Interest Shortfall Amount,

and M2 Interest Shortfall Amount.



5

Principal and Interest Payments on the Securities

• Principal and Interest on the Notes will be distributed monthly, beginning on September 25, 2006.

• Each month the Trustee will calculate the “Available Payment Amount” equal to the sum of (i) the collections with respect to the loans, (ii) the purchase price of any loan that was repurchased from the Trust during the related collection period and (iii) the Excess Amount, less the Servicing Fee, reimbursement and indemnification amounts for the Owner Trustee, Indenture Trustee and Servicer, and the amounts payable to the Seller to purchase Additional Amounts once the Funding Account is reduced to zero.

• Interest on the Securities other than the Class A-IO Notes and Class R Certificate will be calculated on an Actual/360 basis, with zero-day delay. The Class R Certificates shall not bear interest.

• Interest on the Class A-IO Notes will be calculated on a 30/360 basis, with 24-day delay. The Class A-IO Notes will receive interest at a fixed rate of [5.00%] per annum on its Notional Balance. Its Notional Balance will be based on a fixed schedule.

• For any class, any accrued but unpaid interest after the application of the Available Payment Amount (including Interest Shortfall Amounts) shall be added to the balance of that class. However, the balances of the Class M2 and Class M1 Notes are subject to write-down reduction from Applied Loss Amounts as described below.

• The Overcollateralization Percentage shall equal a fraction, the numerator of which is equal to the excess, if any, of the sum of the Unpaid Principal Balance of the loans and the balance of the Funding Account over the total par balance of the Notes at the beginning of any period, and the denominator of which is equal to the total par balance of the Notes at the beginning of any period.

The Available Payment Amount will be distributed each month as follows:

1. Beginning in September 2007 and each payment date thereafter, to pay the Owner Trustee Fee ($250 per month);

2. After the Funding Account is reduced to zero, to Lehman Bank, in an amount equal to all Additional Amounts created during the immediately preceding calendar month;

3. To pay interest to the Class A1 and Class A-IO Notes and, in the case of the Class A-IO Notes and the final payment date only, the Class A-IO Redemption Price;

4. To the Class A1 Notes as principal to its scheduled balance, until reduced to zero;

5. To pay interest to the Class M1 Notes;

6. To the Class M1 Notes as principal to its scheduled balance, until reduced to zero;

7. To pay interest to the Class M2 Notes;

8. To the Class M2 Notes as principal to its scheduled balance, until reduced to zero;

9. For each payment date beginning in [September 2008] and ending in [August 2011], to the Class R Certificate, the lesser of (i) 50% of the Available Payment Amount remaining and (ii) the Monthly Payment Amount shown in the Class R Certificate Schedule below, if:

a. Total Deferred Amounts for all Notes is equal to zero; and

b. The Overcollateralization Percentage for the most recent Trigger Test Date specified in the Class R Certificate Schedule exceeds the OC Trigger Level for that Trigger Test Date.

10. Sequentially, to the Class A1, M1 and M2 Notes, as principal, until reduced to zero;

11. To the Class M1 and Class M2 Notes, sequentially, any Deferred Amounts;

12. To pay any reimbursement amounts payable to the Indenture Trustee, the Owner Trustee, the Administrator, the Master Servicer and the Servicer; and

13. To the Class R Certificate, any remaining amounts.



6

Other Definitions

Losses “Crossover Risk” is the major risk affecting reverse mortgage investors : the risk that the unpaid balance of a reverse mortgage grows larger than the value of the property securing it. This can happen if one or more of the following occurs: the borrower lives in the house longer than expected, the property value depreciates significantly or the adjustable mortgage interest rate increases significantly.

Losses are allocated in the following order: excess spread, the Class M2 Notes, and then to the Class M1 Notes. Any Applied Loss Amounts allocated to the Class M1 or Class M2 Notes will become Deferred A mounts (as defined herein). The allocation of losses to a class will result in a write-down of its principal amount and is referred to as an “Applied Loss Amount.”

The Applied Loss Amount for any period on or after September 2007 will be equal to the exc ess, if any, of the Unpaid Principal Balance of the Bonds at the end of the period over the sum of the Unpaid Principal Balance of the Collateral and the balance of the Funding Account at the end of the same period.

The Class A1 Note balance shall not be reduced by Applied Loss Amounts. However, any Class remaining with an outstanding balance at the termination of the trust shall be reduced to zero at that time.

Deferred Amounts

With respect to each Payment Date on or after September 2007, the “Deferred Amount” for the Class M1 and Class M2 Notes will be equal to the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amounts thereof exceed (y) the aggregate of amounts previously distributed in reimbursement thereof. Deferred Amounts shall not bear interest.

Credit Enhancement

Subordination

The Class A1 and Class A-IO Notes will have limited protection by means of the subordination of the Class M1 Notes, Class M2 Notes and excess spread. The Class A1 and Class A-IO Notes will have the preferential right to receive interest due to them and principal (except for the Class A-IO Notes) available for distribution over Classes having a lower priority of distribution. Likewise, the Class M1 Notes will have limited protection by means of the subordination of the Class M2 Notes and excess spread.

Collateral Cash Account Loans • Cash Account loans accrue at an adjustable rate, equal to a 6-month LIBOR base index plus a margin. The loans do not

require any monthly payments from the borrower. • Like other reverse mortgages, all loans are non-recourse; the home acts as the only form of collateral. The loans are

open-ended; maturity occurs at time of death, move-out or voluntary prepayment and not at a fixed point in time. • The Cash Account loans have a credit line feature, which gives the borrower the option to borrow additional amounts

over time, up to a specified limit. • None of the Loans have contingent interest (i.e. appreciation or equity sharing) features.



7

Servicing

• The Servicer pays all out of pocket expenses to service these loans, including costs associated with foreclosing the property, ensuring taxes, issuance premiums, and other amounts are paid and ensuring necessary repairs to and maintenance of the properties are performed.

• The Servicer will also be reimbursed for these advances from the trust and the advances will be added to the principal balance of the reverse mortgages.

• Financial Freedom is headquartered in Irvine, California; its servicing is headquartered in San Francisco, and is a subsidiary of IndyMac Bank.

• Servicer personnel are required to be specially trained to deal with the special needs of senior borrowers.

• The Servicer’s primary focus is to send payments to the borrowers and collect amounts due under the Mortgage Loans at maturity.

• To check that borrowers are still living in the house, quarterly notices are sent to verify that the borrower continues to occupy the home as their primary residence. The Servicer must conduct quarterly Social Security death audits to find out whether any borrowers have died in the past three months.

• The Servicer generally performs an annual drive-by inspection of each property. If necessary, the Servicer will advance the payments for repairs and maintenance to maintain property value.

• Unlike traditional mortgages, reverse mortgages do not require monthly collections of interest and principal. Rather, payments are received at the time a loan is paid off due to death, move-out or voluntary prepayment.

• The Servicer is required not only to collect amounts due under a Mortgage Loan, but also to initiate any necessary enforcement or judicial proceedings, including foreclosure. The Servicer will also manage the sale of foreclosed property.

• The Servicer is required to ensure that the borrower makes all necessary insurance premiums and property tax payments. If necessary, the Servicer must make cash advances to cure delinquencies in insurance or tax payments.

• The Servicer is required to advance its own funds to the borrower on a monthly basis, as requested by the borrower.

• The Trustee will reimburse the Servicer for its advances, and the advances will be added to the principal balance of the reverse mortgages.

• Financial Freedom has a Reverse Mortgage Servicer Rating of RPS3+ from Fitch Ratings.



8

Servicing (Continued)

The following table sets forth certain information regarding the collection and loss experience of Financial Freedom with respect to the non-agency reverse mortgage loans in its servicing portfolio. The indicated periods of maturity are based on the number of days past a defined Maturity Event.

Mortgage Loan Portfolio

December 31, 2004 December 31, 2005Number Dollar Avg Number Dollar Avgof Loans Amount LTV of Loans Amount LTV

Portfolio Principal Balance 2,407 559,668,341.53 30.61% 3,325 911,546,506.18 31.09%

Matured Loans:0 - 29 Days Matured 10 2,139,444.12 59.60% 10 3,856,152.90 31.07%30 - 59 Days Matured 7 1,324,062.74 60.02% 13 3,809,663.89 53.10%60 - 89 Days Matured 10 2,166,029.35 73.71% 9 1,944,903.63 72.76%

90+ Days Matured 51 11,706,560.75 60.74% 34 9,147,680.57 68.70%

Net Charge-offs 9 (9,454.88) 41.95% 28 (81,867.57) 39.62%

REO's 0 0.00 N/A 0 0 N/A

(1) Excludes any payoff or contingent fees that may be due upon maturity of the mortgage loan.

(2) Represents the mean loan to value ratio of all mortgage loans. The loan to value ratio for each mortgage loan was calculated by dividing the outstanding amount by the initial appraised value.

(3) A mortgage loan matures when the last remaining borrower dies, relocates permanently from the mortgaged property or defaults on the mortgage loan. A default usually occurs when the borrower fails to stay current on his or her property taxes or fails to maintain homeowner’s insurance.

(4) Represents the net charge-offs for the twelve-months ended December 31, 2004 or December 31, 2005, as applicable.

The above collection and loss statistics represent the recent experience of Financial Freedom with respect to certain reverse mortgage loans in its servicing portfolio. There can be no assurance, however, that the future collection and loss experience on the Mortgage Loans will be comparable. The actual collection and loss experience on the Mortgage Loans will depend on, among other things, the value of the real estate securing such Mortgage Loans and the timing of repayment.



9

Modeling Assumptions

Deal Assumptions: Expected Settlement Date 09/15/06 Dated Date for A1, M1 and M2 09/15/06 Dated Date for A-IO 08/01/06 First Pay Date 09/25/06 Delay for A1, M1 and M2 0 days Delay for A-IO 24 days Day Count for A1, M1 and M2 Actual/360 Day Count for A-IO 30/360 Forecasting Assumptions: One Month Libor forward curve as of 8/30/06 Schedule A Six Month Libor forward curve as of 8/30/06 Schedule B Home Price Appreciation 2% per annum Line of Credit Draw Rate 1.5% per month Prepayment Speed See page 3



10

Interest Rate Forward Curves Schedule A:

One Month Libor Interest Rate Forward Curve

4.40%

4.60%

4.80%

5.00%

5.20%

5.40%

5.60%

1 61 121 181 241 301

Deal Age

1 M

on

th L

IBO

R

Schedule B:

Six Month Libor Interest Rate Forward Curve

4.60%

4.80%

5.00%

5.20%

5.40%

5.60%

5.80%

1 61 121 181 241 301

Deal Age

6 M

on

th L

IBO

R



11

SASCO 2006-RM1 Collateral Summary *

Total Number of Loans 1,558 Geographic Distribu tion

Total Outstanding Loan Balance $522,347,535.05 (Other states account individually than

Average Loan Principal Balance $335,267.99 for less 5% of the Cut-off Date principal

Weighted Average Coupon 10.073% balance.) Weighted Average Margin 5.000% CA 57.78% Weighted Average Loan Age (mo.) 11 NY 11.92%

Weighted Average Current LTV 38.946% FL 8.91% Lien Position

First 100.00%

* The Mortgage Loan data is shown herein as of [August 1, 2006] for each Mortgage Loan.



12

Collateral Characteristics

Collateral characteristics are listed below as of the Cut-off date

Current Balance

Current Balance ($) No. of Loans

Principal Balance

% of Pool Principal Balance

WAC NZWA

Current LTV

0.01 - 50,000.00 47 $1,702,919.64 0.33% 10.099% 19.48%

50,000.01 - 100,000.00 96 7,365,183.73 1.41 10.096 27.23

100,000.01 - 150,000.00 95 11,682,430.86 2.24 10.109 27.65

150,000.01 - 200,000.00 135 23,939,974.51 4.58 10.095 29.30

200,000.01 - 250,000.00 193 43,492,538.52 8.33 10.112 32.03

250,000.01 - 300,000.00 251 68,871,187.15 13.18 10.103 36.53

300,000.01 - 350,000.00 221 71,503,304.77 13.69 10.073 41.25

350,000.01 - 400,000.00 162 60,465,122.22 11.58 10.036 42.07

400,000.01 - 450,000.00 109 46,512,594.76 8.90 10.001 41.62

450,000.01 - 500,000.00 57 26,972,776.59 5.16 10.145 40.25

500,000.01 - 550,000.00 42 22,014,896.05 4.21 10.046 42.19

550,000.01 - 600,000.00 34 19,400,430.05 3.71 10.163 42.65

600,000.01 - 650,000.00 28 17,511,892.56 3.35 10.062 40.85

650,000.01 - 700,000.00 14 9,435,504.13 1.81 10.058 43.44

700,000.01 - 750,000.00 13 9,410,726.84 1.80 10.068 46.65

750,000.01 - 800,000.00 8 6,207,253.15 1.19 10.105 40.15

800,000.01 - 850,000.00 5 4,141,930.80 0.79 10.149 41.46

850,000.01 - 900,000.00 7 6,092,070.73 1.17 10.161 44.88

900,000.01 - 950,000.00 4 3,683,829.85 0.71 10.216 36.47

950,000.01 - 1,000,000.00 2 1,978,951.90 0.38 9.951 38.55

1,000,000.01 - 1,050,000.00 3 3,073,670.01 0.59 10.188 34.80

1,050,000.01 - 1,100,000.00 3 3,220,646.38 0.62 9.967 36.59

1,100,000.01 - 1,150,000.00 1 1,125,478.00 0.22 10.320 35.73

1,150,000.01 - 1,200,000.00 2 2,382,942.52 0.46 10.205 45.93

1,200,000.01 - 1,250,000.00 3 3,659,304.28 0.70 10.071 37.62

1,300,000.01 - 1,350,000.00 2 2,635,773.77 0.50 9.780 30.20

1,350,000.01 - 1,400,000.00 2 2,748,438.04 0.53 10.057 35.11

1,450,000.01 - 1,500,000.00 1 1,465,042.04 0.28 10.640 25.96

1,550,000.01 - 1,600,000.00 1 1,564,177.22 0.30 9.420 53.66

1,600,000.01 - 1,650,000.00 2 3,268,547.84 0.63 9.959 26.93

1,650,000.01 - 1,700,000.00 2 3,341,660.92 0.64 10.050 38.68

1,700,000.01 - 1,750,000.00 2 3,469,483.33 0.66 10.055 42.34

1,800,000.01 - 1,850,000.00 2 3,636,447.28 0.70 10.381 48.30

1,850,000.01 - 1,900,000.00 1 1,895,108.32 0.36 10.320 52.21

1,900,000.01 - 1,950,000.00 1 1,925,600.89 0.37 9.810 20.59

2,000,000.01 - 7,850,000.00 7 20,549,695.40 3.93 9.897 46.09

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95% Min: $7,174.88 Max: $7,826,558.16 Average: $335,267.99



13

Collateral Characteristics Collateral characteristics are listed below as of the Cut-off date

Min: 8.010% Max: 10.640% Weighted Average: 10.073%

Index

Index No. of Loans Principal Balance


WAC NZWA Current

LTV

6 month 1,558 $522,347,535.05 100.00% 10.073% 38.95% Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%

Gross Coupon

Gross Coupon (%) No. of Loans

Principal Balance % of Pool Principal Balance

WAC NZWA Current

LTV

8.001 - 8.250 1 $368,797.83 0.07% 8.010% 64.14%

9.001 - 9.250 11 4,536,007.80 0.87 9.240 34.93

9.251 - 9.500 139 43,076,083.01 8.25 9.401 38.04

9.501 - 9.750 120 41,862,893.73 8.01 9.635 38.54

9.751 - 10.000 381 138,613,453.54 26.54 9.873 39.89

10.001 - 10.250 212 72,576,673.61 13.89 10.120 38.31

10.251 - 10.500 460 147,834,130.23 28.30 10.306 39.46

10.501 - 10.750 234 73,479,495.30 14.07 10.640 37.66

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



14



Min.: 5.000% Max.: 5.000% Weighted Average: 5.000%

Margin

Margin (%) No. of Loans Principal Balance


WAC NZWA Current

LTV

5.000 1,558 $522,347,535.05 100.00% 10.073% 38.95%

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%

Property Type

Property Type No. of Loans


WAC NZWA Current

LTV

Single Family 1,300 $459,305,263.57 87.93% 10.070% 39.04%

Condo 174 38,221,731.36 7.32 10.129 37.17

2 Family 26 10,624,949.86 2.03 9.992 37.95

Coop 38 6,121,234.96 1.17 10.037 33.38

3 Family 9 4,150,209.47 0.79 10.126 49.23

4 Family 6 3,415,324.25 0.65 10.114 44.98

Townhouse 1 309,338.44 0.06 9.590 61.87

Manufactured Housing 4 199,483.14 0.04 10.285 40.77

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



15



State (Top 30)

State (Top 30) No. of Loans Principal Balance


WAC NZWA Current

LTV

CA 804 $301,797,297.44 57.78% 10.072% 39.45% NY 236 62,245,377.13 11.92 10.104 36.83 FL 119 46,543,393.14 8.91 10.031 43.46 CT 51 17,052,623.40 3.26 10.006 39.56 MA 52 14,843,481.71 2.84 10.098 34.05 NJ 47 14,282,360.15 2.73 10.159 35.88 MD 23 7,482,098.90 1.43 10.062 38.55 WA 20 5,768,702.71 1.10 10.116 40.94 VA 22 5,312,355.65 1.02 10.035 37.74 AZ 18 5,252,213.69 1.01 10.082 32.01 HI 12 5,245,794.00 1.00 9.807 33.33 OR 17 4,543,683.93 0.87 10.210 36.86 CO 12 3,555,647.05 0.68 10.092 38.72 IL 13 3,304,415.06 0.63 10.001 39.09 PA 11 2,696,743.93 0.52 10.192 43.64 NH 10 2,484,912.43 0.48 10.276 26.42 MI 14 2,483,820.84 0.48 10.109 34.94 MN 8 2,137,957.52 0.41 10.113 37.91 SC 9 2,090,192.79 0.40 10.144 32.15 TX 7 1,647,437.36 0.32 9.748 37.94 DC 6 1,568,534.92 0.30 10.374 41.46 NV 5 1,185,778.18 0.23 9.909 38.69 MO 4 945,907.96 0.18 10.343 37.34 ID 4 896,995.48 0.17 10.029 34.26 WI 4 747,460.54 0.14 10.112 33.10 NM 3 733,244.84 0.14 10.264 43.63 NC 3 670,823.26 0.13 9.671 41.85 GA 2 569,094.19 0.11 9.645 21.19 RI 1 544,221.65 0.10 10.290 57.29 ME 3 527,196.25 0.10 10.051 39.30 Other 18 3,187,768.95 0.61 10.022 38.36 Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



16



Min: $75,956.00 Max: $12,000,000.00 Average: $995,614.94

Original Appraisal Value

Original Appraisal Value ($) No. of Loans


WAC NZWA Current

LTV

1 - 100,000 8 $285,049.52 0.05% 10.152% 41.36%

100,001 - 200,000 38 2,382,054.66 0.46 10.097 43.17

200,001 - 300,000 50 4,251,840.14 0.81 10.135 39.38

300,001 - 400,000 44 5,246,205.45 1.00 10.102 40.97

400,001 - 500,000 94 17,454,432.38 3.34 10.123 46.13

500,001 - 600,000 157 37,337,568.41 7.15 10.076 46.64

600,001 - 700,000 196 53,549,022.60 10.25 10.118 45.32

700,001 - 800,000 199 57,390,414.63 10.99 10.060 41.98

800,001 - 900,000 175 53,455,371.47 10.23 10.085 38.79

900,001 - 1,000,000 122 40,322,605.64 7.72 10.090 39.59

1,000,001 - 1,100,000 82 27,468,547.54 5.26 10.014 37.16

1,100,001 - 1,200,000 71 26,221,065.92 5.02 10.056 35.64

1,200,001 - 1,300,000 53 21,022,544.84 4.02 10.012 36.27

1,300,001 - 1,400,000 40 16,137,243.67 3.09 10.139 33.36

1,400,001 - 1,500,000 36 17,400,671.76 3.33 10.085 36.41

1,500,001 - 1,600,000 30 14,748,910.42 2.82 10.106 34.26

1,600,001 - 1,700,000 25 13,665,140.85 2.62 9.951 37.28

1,700,001 - 1,800,000 26 11,661,986.25 2.23 10.245 29.66

1,800,001 - 1,900,000 16 9,393,768.18 1.80 10.155 37.54

1,900,001 - 2,000,000 14 7,009,143.66 1.34 10.140 26.99

2,000,001 - 12,000,000 82 85,943,947.06 16.45 10.021 34.92

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



17

Collateral Characteristics Collateral characteristics are listed below as of the Cut-off date


Current LTV

Current LTV (Calc based on Current Values) (%)

No. of Loans Principal Balance


WAC NZWA Current

LTV

0.01 - 5.00 11 $352,281.52 0.07% 10.307% 3.50%

5.01 - 10.00 26 2,124,212.99 0.41 10.163 8.26

10.01 - 15.00 39 7,937,550.87 1.52 10.121 12.51

15.01 - 20.00 99 20,100,631.65 3.85 9.994 17.91

20.01 - 25.00 173 55,425,753.55 10.61 10.040 22.82

25.01 - 30.00 202 63,362,713.77 12.13 10.128 27.62

30.01 - 35.00 214 62,481,942.47 11.96 10.073 32.60

35.01 - 40.00 199 65,756,980.04 12.59 10.048 37.49

40.01 - 45.00 180 69,584,591.17 13.32 10.122 42.28

45.01 - 50.00 148 57,058,843.01 10.92 10.043 47.30

50.01 - 55.00 125 52,068,647.20 9.97 10.061 52.71

55.01 - 60.00 88 38,450,792.70 7.36 10.113 57.20

60.01 - 65.00 39 14,415,260.95 2.76 10.056 62.14

65.01 - 70.00 15 13,227,333.16 2.53 9.963 65.63

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



18



Min: 62.000 Max: 107.000 Weighted Average: 81.139

Borrower Age (or age of youngest borrower)

Borrower Age (Years) No. of Loans Principal Balance


WAC NZWA Current

LTV

62 - 65 36 $7,556,625.18 1.45% 10.018% 17.25% 66 - 70 137 41,843,186.93 8.01 10.057 22.07 71 - 75 237 69,865,553.95 13.38 10.093 26.92 76 - 80 367 119,577,411.60 22.89 10.091 34.04 81 - 85 399 130,261,470.10 24.94 10.050 41.32 86 - 90 257 98,473,208.46 18.85 10.087 49.53 91 - 95 93 41,226,993.48 7.89 10.045 55.04 96 - 100 28 12,189,164.99 2.33 10.119 59.37 101 - 105 2 595,627.59 0.11 9.710 65.08 106 - 110 2 758,292.77 0.15 10.051 63.04 Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



19




Age of Female Borrowers



WAC NZWA Current

LTV

62 - 65 12 $2,389,911.45 0.89% 9.932% 19.91%

66 - 70 49 12,813,559.40 4.79 10.088 23.17

71 - 75 94 25,541,955.98 9.54 10.071 27.66

76 - 80 159 52,629,566.47 19.66 10.084 36.45

81 - 85 213 66,215,611.45 24.73 10.024 41.95

86 - 90 171 64,265,157.24 24.00 10.103 49.98

91 - 95 72 32,101,700.39 11.99 9.999 56.39

96 - 100 22 10,436,652.29 3.90 10.169 60.20

101 - 105 2 595,627.59 0.22 9.710 65.08

106 - 110 2 758,292.77 0.28 10.051 63.04

Total: 796 $267,748,035.03 100.00% 10.064% 42.89%



20





Age of Male Borrowers

Borrower Age (Years) No. of Loans


WAC NZWA Current

LTV

62 - 65 13 $2,243,341.32 1.63% 9.990% 18.93%

66 - 70 38 12,312,221.20 8.97 10.059 23.35

71 - 75 63 20,030,385.09 14.59 10.113 29.37

76 - 80 84 29,404,484.92 21.42 10.103 34.85

81 - 85 108 39,706,130.35 28.92 10.090 44.05

86 - 90 54 23,433,066.91 17.07 10.085 51.58

91 - 95 20 8,950,387.90 6.52 10.163 49.22

96 - 100 4 1,217,436.55 0.89 9.934 57.62

Total: 384 $137,297,454.24 100.00% 10.094% 39.42%

Ages of Female Co-Borrowers



WAC NZWA Current

LTV

62 - 65 8 $1,663,615.80 1.88% 9.894% 14.63%

66 - 70 33 11,927,690.33 13.46 10.034 19.87

71 - 75 61 17,161,735.08 19.37 10.059 24.02

76 - 80 88 26,024,149.25 29.37 10.146 29.24

81 - 85 70 21,011,072.43 23.71 10.070 33.78

86 - 90 25 7,823,854.74 8.83 9.983 42.15

91 - 95 6 2,473,734.59 2.79 10.097 52.06

96 - 100 2 535,076.15 0.60 9.565 47.12

Total: 293 $88,620,928.37 100.00% 10.072% 29.65%



21




Ages of Male Co-Borrowers



WAC NZWA Current

LTV

66 - 70 8 $2,561,965.20 8.93% 10.013% 17.93%

71 - 75 11 4,765,811.90 16.62 9.985 21.87

76 - 80 18 4,641,970.82 16.18 10.081 27.85

81 - 85 28 8,745,079.41 30.49 10.042 29.91

86 - 90 13 5,904,494.45 20.59 10.089 35.25

91 - 95 7 2,061,795.63 7.19 10.223 34.47

Total: 85 $28,681,117.41 100.00% 10.059% 28.60%

Borrower Gender

Borrower Gender No. of Loans


WAC NZWA Current

LTV

Female 796 $267,748,035.03 51.26% 10.064% 42.89%

Male 384 137,297,454.24 26.28 10.094 39.42

Couple 378 117,302,045.78 22.46 10.069 29.4

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



22



Credit Line Advance Limit Adjustment %

Credit Line Advance Limit Adjustment (%)

No. of Loans


WAC NZWA Current

LTV

5.000 1,558 $522,347,535.05 100.00% 10.073% 38.95%

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



23




Maximum Rate (%)

Max Rate (%)

No. of Loans Principal Balance


WAC NZWA Current

LTV

13.001 - 13.250 3 $547,151.95 0.10% 10.084% 29.88%

13.251 - 13.500 1 369,538.48 0.07 10.290 60.09

13.501 - 13.750 64 18,906,766.15 3.62 10.319 40.63

13.751 - 14.000 124 36,818,662.29 7.05 10.278 36.80

14.001 - 14.250 76 26,646,064.37 5.10 9.854 40.16

14.251 - 14.500 196 65,219,820.79 12.49 10.162 38.41

14.501 - 14.750 152 51,283,673.93 9.82 10.355 39.29

14.751 - 15.000 148 56,115,892.40 10.74 10.108 40.92

15.001 - 15.250 164 56,942,363.38 10.90 9.972 38.43

15.251 - 15.500 86 31,048,693.77 5.94 10.190 38.60

15.501 - 15.750 252 79,403,370.23 15.20 10.348 38.33

15.751 - 16.000 117 37,121,066.88 7.11 9.409 38.38

16.001 - 16.250 120 41,862,893.73 8.01 9.635 38.54

16.251 - 16.500 55 20,061,576.70 3.84 9.800 41.20

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



24



Next Limit Adjust Date

Next Limit Adjust Date No. of Loans Principal Balance


WAC NZWA Current

LTV

2006-08 114 $47,433,846.89 9.08% 9.810% 40.07%

2006-09 86 27,580,566.82 5.28 9.990 38.86

2006-10 117 40,315,412.41 7.72 10.120 38.56

2006-11 96 31,396,267.32 6.01 10.288 40.43

2006-12 162 49,351,299.93 9.45 10.320 39.21

2007-01 164 49,078,140.26 9.40 10.624 37.31

2007-02 160 55,163,967.30 10.56 9.524 37.42

2007-03 152 48,199,458.53 9.23 9.729 40.15

2007-04 146 50,695,991.61 9.71 9.946 38.44

2007-05 154 51,143,780.41 9.79 10.052 38.85

2007-06 130 45,489,620.74 8.71 10.209 40.25

2007-07 77 26,499,182.83 5.07 10.640 38.33

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%

Annual Servicing Fee

Annual Servicing Fee ($) No. of Loans Principal Balance


WAC NZWA Current

LTV

0 36 $10,786,513.96 2.07% 10.043% 38.71%

360 1,517 510,412,446.18 97.72 10.074 38.97

420 5 1,148,574.91 0.22 9.991 30.26

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



25




Loan Age

Loan Age (Months) No. of Loans Principal Balance


WAC NZWA Current

LTV

0.001 - 3.000 86 $30,879,616.63 5.91% 9.772% 39.91%

3.001 - 6.000 233 78,126,796.02 14.96 9.562 38.10

6.001 - 9.000 278 87,896,561.89 16.83 10.366 38.63

9.001 - 12.000 299 108,383,029.45 20.75 9.951 39.53

12.001 - 15.000 275 92,252,967.35 17.66 10.392 39.03

15.001 - 18.000 247 83,694,928.50 16.02 9.966 38.82

18.001 - 21.000 139 40,962,734.76 7.84 10.466 39.08

21.001 - 24.000 1 150,900.45 0.03 9.990 26.24

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



26



Origination Date

Origination Date No. of Loans Principal Balance


WAC NZWA Current

LTV

2004 4th Q 67 $19,600,351.10 3.75% 10.312% 40.68%

2005 1st Q 226 73,192,302.46 14.01 10.086 38.79

2005 2nd Q 292 97,769,694.67 18.72 10.236 38.89

2005 3rd Q 277 101,513,596.54 19.43 10.076 39.29

2005 4th Q 308 101,462,628.56 19.42 10.232 39.04

2006 1st Q 250 79,249,263.63 15.17 9.812 37.74

2006 2nd Q 138 49,559,698.09 9.49 9.725 39.63

Total: 1,558 $522,347,535.05 100.00% 10.073% 38.95%



27

Bond Schedules: Payment A-IO A1 M1 M2

Period Date Schedule Schedule Schedule Schedule

0 Closing 182,821,637.27

490,000,000.00 85,000,000.00 23,330,291.00

1 9/25/2006 182,821,637.27

489,000,000.00 85,000,000.00 23,330,291.00

2 10/25/2006 180,962,803.82

488,000,000.00 85,000,000.00 23,330,291.00

3 11/25/2006 179,151,727.37

487,000,000.00 85,000,000.00 23,330,291.00

4 12/25/2006 177,385,048.96

486,000,000.00 85,000,000.00 23,330,291.00

5 1/25/2007 175,657,400.32

485,000,000.00 85,000,000.00 23,330,291.00

6 2/25/2007 173,965,826.60

484,000,000.00 85,000,000.00 23,330,291.00

7 3/25/2007 172,300,252.87

483,000,000.00 85,000,000.00 23,330,291.00

8 4/25/2007 170,686,481.34

482,000,000.00 85,000,000.00 23,330,291.00

9 5/25/2007 169,097,902.91

481,000,000.00 85,000,000.00 23,330,291.00

10 6/25/2007 167,533,943.37

480,000,000.00 85,000,000.00 23,330,291.00

11 7/25/2007 165,994,066.43

479,000,000.00 85,000,000.00 23,330,291.00

12 8/25/2007 164,477,769.31

478,000,000.00 85,000,000.00 23,330,291.00

13 9/25/2007 162,984,578.73

475,000,000.00 85,000,000.00 23,330,291.00

14 10/25/2007 161,312,409.93

472,000,000.00 85,000,000.00 23,330,291.00

15 11/25/2007 159,668,439.65

469,000,000.00 85,000,000.00 23,330,291.00

16 12/25/2007 158,051,966.18

466,000,000.00 85,000,000.00 23,330,291.00

17 1/25/2008 156,462,331.94

463,000,000.00 85,000,000.00 23,330,291.00

18 2/25/2008 154,898,918.57

460,000,000.00 85,000,000.00 23,330,291.00

19 3/25/2008 153,361,142.66

457,000,000.00 85,000,000.00 23,330,291.00

20 4/25/2008 151,848,451.97

454,000,000.00 85,000,000.00 23,330,291.00

21 5/25/2008 150,360,322.07

451,000,000.00 85,000,000.00 23,330,291.00

22 6/25/2008 148,896,253.48

448,000,000.00 85,000,000.00 23,330,291.00

23 7/25/2008 147,455,769.03

445,000,000.00 85,000,000.00 23,330,291.00



28

Bond Schedules (continued): Payment A-IO A1 M1 M2


24 8/25/2008 146,038,411.67

442,000,000.00 85,000,000.00 23,330,291.00

25 9/25/2008 144,643,742.42

439,000,000.00 83,000,000.00 21,330,291.00

26 10/25/2008 143,065,984.53

436,000,000.00 81,000,000.00 19,330,291.00

27 11/25/2008 141,519,177.33

433,000,000.00 79,000,000.00 17,330,291.00

28 12/25/2008 140,002,202.91

430,000,000.00 77,000,000.00 15,330,291.00

29 1/25/2009 138,514,032.38

427,000,000.00 75,000,000.00 13,330,291.00

30 2/25/2009 137,053,716.15

424,000,000.00 73,000,000.00 11,330,291.00

31 3/25/2009 135,620,375.14

421,000,000.00 71,000,000.00 9,330,291.00

32 4/25/2009 134,213,193.20

418,000,000.00 69,000,000.00 7,330,291.00

33 5/25/2009 132,831,410.31

415,000,000.00 67,000,000.00 5,330,291.00

34 6/25/2009 131,474,316.59

412,000,000.00 65,000,000.00 3,330,291.00

35 7/25/2009 130,141,246.98

409,000,000.00 63,000,000.00 1,330,291.00

36 8/25/2009 128,831,576.63

406,000,000.00 61,000,000.00 -

37 9/25/2009 127,544,716.71

402,500,000.00 59,000,000.00 -

38 10/25/2009 126,089,631.21

399,000,000.00 57,000,000.00 -

39 11/25/2009 124,665,599.25

395,500,000.00 55,000,000.00 -

40 12/25/2009 123,271,330.83

392,000,000.00 53,000,000.00 -

41 1/25/2010 121,905,644.81

388,500,000.00 51,000,000.00 -

42 2/25/2010 120,567,456.88

385,000,000.00 49,000,000.00 -

43 3/25/2010 119,255,769.00

381,500,000.00 47,000,000.00 -

44 4/25/2010 117,969,659.95

378,000,000.00 45,000,000.00 -

45 5/25/2010 116,708,277.12

374,500,000.00 43,000,000.00 -

46 6/25/2010 115,470,829.09

371,000,000.00 41,000,000.00 -

47 7/25/2010 114,256,579.24

367,500,000.00 39,000,000.00 -



29



48 8/25/2010 113,064,839.91 364,000,000.00 37,000,000.00 -

49 9/25/2010 111,894,967.40 358,500,000.00 35,000,000.00 -

50 10/25/2010 110,590,482.40 353,000,000.00 33,000,000.00 -

51 11/25/2010 109,312,823.59 347,500,000.00 31,000,000.00 -

52 12/25/2010 108,061,023.04 342,000,000.00 29,000,000.00 -

53 1/25/2011 106,834,185.00 336,500,000.00 27,000,000.00 -

54 2/25/2011 105,631,478.21 331,000,000.00 25,000,000.00 -

55 3/25/2011 104,452,129.14 325,500,000.00 23,000,000.00 -

56 4/25/2011 103,295,416.00 320,000,000.00 21,000,000.00 -

57 5/25/2011 102,160,663.43 314,500,000.00 19,000,000.00 -

58 6/25/2011 101,047,237.76 309,000,000.00 17,000,000.00 -

59 7/25/2011 99,954,542.91 303,500,000.00 15,000,000.00 -

60 8/25/2011 98,882,016.64 298,000,000.00 13,000,000.00 -

61 9/25/2011 97,829,127.34 292,500,000.00 11,000,000.00 -

62 10/25/2011 96,628,926.63 287,000,000.00 9,000,000.00 -

63 11/25/2011 95,457,153.42 281,500,000.00 7,000,000.00 -

64 12/25/2011 94,312,431.31 276,000,000.00 5,000,000.00 -

65 1/25/2012 93,193,507.28 270,500,000.00 3,000,000.00 -

66 2/25/2012 92,099,238.05 265,000,000.00 1,000,000.00 -

67 3/25/2012 91,028,577.84 259,500,000.00 - -

68 4/25/2012 89,980,567.78 254,000,000.00 - -

69 5/25/2012 88,954,326.35 248,500,000.00 - -

70 6/25/2012 87,949,041.02 243,000,000.00 - -



30



71 7/25/2012 86,963,960.90 237,500,000.00 - -

72 8/25/2012 85,998,390.10 232,000,000.00 - -

73 9/25/2012 85,051,682.04 226,500,000.00 - -

74 10/25/2012 83,996,781.69 221,000,000.00 - -

75 11/25/2012 82,965,117.43 215,500,000.00 - -

76 12/25/ 2012 81,955,741.53 210,000,000.00 - -

77 1/25/2013 80,967,781.29 204,500,000.00 - -

78 2/25/2013 80,000,431.01 199,000,000.00 - -

79 3/25/2013 79,052,944.96 193,500,000.00 - -

80 4/25/2013 78,124,631.12 188,000,000.00 - -

81 5/25/2013 77,214,845.65 182,500,000.00 - -

82 6/25/2013 76,322,987.96 177,000,000.00 - -

83 7/25/2013 75,448,496.35 171,500,000.00 - -

84 8/25/2013 74,590,844.17 166,000,000.00 - -

85 9/25/2013 73,749,536.36 160,500,000.00 - -

86 10/25/2013 72,818,503.93 155,000,000.00 - -

87 11/25/2013 71,906,916.16 149,500,000.00 - -

88 12/25/2013 71,014,093.09 144,000,000.00 - -

89 1/25/2014 70,139,401.39 138,500,000.00 - -

90 2/25/2014 69,282,249.63 133,000,000.00 - -

91 3/25/2014 68,442,084.12 127,500,000.00 - -

92 4/25/2014 67,618,385.18 122,000,000.00 - -

93 5/25/2014 66,810,663.86 116,500,000.00 - -



31



94 6/25/2014 66,018,459.03

111,000,000.00 - -

95 7/25/2014 65,241,334.75

105,500,000.00 - -

96 8/25/2014 64,478,877.98

100,000,000.00 - -

97 9/25/2014 63,730,696.55

94,500,000.00 - -

98 10/25/2014 62,901,800.34

89,000,000.00 - -

99 11/25/2014 62,090,261.74

83,500,000.00 - -

100 12/25/2014 61,295,475.34

78,000,000.00 - -

101 1/25/2015 60,516,876.68

72,500,000.00 - -

102 2/25/2015 59,753,938.21

67,000,000.00 - -

103 3/25/2015 59,006,165.56

61,500,000.00 - -

104 4/25/2015 58,273,094.37

56,000,000.00 - -

105 5/25/2015 57,554,287.35

50,500,000.00 - -

106 6/25/2015 56,849,331.81

45,000,000.00 - -

107 7/25/2015 56,157,837.31

39,500,000.00 - -

108 8/25/2015 55,479,433.69

34,000,000.00 - -

109 9/25/2015 54,813,769.24

28,500,000.00 - -

110 10/25/2015 54,080,937.20

23,000,000.00 - -

111 11/25/2015 53,363,212.89

17,500,000.00 - -

112 12/25/2015 52,660,098.28

12,000,000.00 - -

113 1/25/2016 51,971,126.73

6,500,000.00 - -

114 2/25/2016 51,295,859.94

1,000,000.00 - -

115 3/25/2016 50,633,885.25

- - -

116 4/25/2016 49,984,813.22

- - -

117 5/25/2016 49,348,275.52

- - -



32



118 6/25/2016 48,723,922.96 - - -

119 7/25/2016 48,111,423.90 - - -

120 8/25/2016 47,510,462.62 - - -

Class R Certificate Schedule: Trigger Test Date Applies to Payment Dates OC Trigger Level Monthly Payment Amount

9/25/2006 9/25/2006 - 8/25/2008 0.00% $ - 9/25/2008 9/25/2008 - 8/25/2009 2.00% $ 900,000.00 9/25/2009 9/25/2009 - 8/25/2010 3.00% $ 850,000.00 9/25/2010 9/25/2010 - 8/25/2011 10.00% $ 600,000.00 9/25/2011 9/25/2011 and thereafter 0.00% $ -

sasco-2006-rm1

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