**UNITED      STATES **

**SECURITIES      AND EXCHANGE COMMISSION **

**Washington,      D.C. 20549**

**FORM      10-K/A**

**[X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT      OF      1934 **

**[      ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE      ACT OF 1934 **

|   |  Delaware                                                                                     |   |  20-0842986                                                         |   |
|--------|----------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------|
|   | (State                or other jurisdiction of incorporation                or organization)  |   | (I.R.S.                Employer Identification                No.)  |   |

|   |   oYes  |   |  x                No  |
|--------|------------------------|--------|---------------------------------|

|   |   oYes  |   |  x                No  |
|--------|------------------------|--------|---------------------------------|

|   |   x                Yes  |   |  oNo  |
|--------|----------------------------------------|--------|-----------------|

|  Large                accelerated filer o  |  Accelerated                filer o  |  Non-accelerated                filer x |
|------------------------------------------------------|------------------------------------------------|----------------------------------------------|

**PART        I**

**Item        1. Business. **

**Item        1A. Risk Factors.**

**Item        1B. Unresolved Staff Comments.**

**Item        2. Properties.**

**Item        3. Legal Proceedings. **

**Item        4. Submission of Matters to a Vote of Security Holders.**

**PART        II**

**Item        5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer        Purchases of Equity Securities.**

**Item        6. Selected Financial Data.**

**Item        7. Management’s Discussion and Analysis of Financial Condition and Results of        Operation.**

**Item        7A. Quantitative and Qualitative Disclosures About Market        Risk.**

**Item        8. Financial Statements and Supplementary Data.**

**Item        9. Changes in and Disagreements With Accountants on Accounting and Financial        Disclosure.**

**Item        9A. Controls and Procedures.**

**Item        9A(T). Controls and Procedures.**

**Item        9B. Other Information.**

**PART        III**

**Item        10. Directors, Executive Officers and Corporate        Governances.**

**Item        11. Executive Compensation.**

**Item        12. Security Ownership of Certain Beneficial Owners and Management and Related        Stockholder Matters.**

**Item        13. Certain Relationships and Related Transactions, and Director Independences.        **

**Item        14. Principal Accounting Fees and Services.**

**ADDITIONAL        DISCLOSURE ITEMS UNDER REGULATION AB**

**Item      1112(b) of Regulation AB. Significant Obligors Financial      Information. **

**Item      1114(b)(2) and 1115(b) of Regulation AB. Significant Enhancement Provider      Financial Information. **

**Item      1117      of Regulation AB. Legal Proceedings **

**Item      1119 of Regulation AB. Affiliations and Certain Relationships and Related      Transactions**

**Item      1122      of Regulation AB. Compliance with Applicable Servicing Criteria. **

**Item      1123      of Regulation AB. Servicer Compliance Statement **

**PART      IV**

**Item      15.      Exhibits, Financial Statement Schedules. **

|  **Exhibit                  Number**  |  **   **** Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  1.1                                       | The                  Underwriting Agreement, dated April 13, 2006, between Bear, Stearns&                  Co. Inc. as underwriter and Bear Stearns Asset Backed Securities                  I LLC as                  depositor and the related Terms Agreement, dated as of July 18,                  2006,                  between Bear, Stearns & Co. Inc. as underwriter and Bear Stearns Asset                  Backed Securities I LLC as depositor (As previously filed on Form                  8-K                  filed on August 15, 2006 and is hereby incorporated by reference                  into this                  report on Form 10-K/A) |
|  4.1                                       | Pooling                  and Servicing Agreement, dated as of July 1, 2006, among Bear Stearns                  Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation,                  as                  seller and as master servicer, and LaSalle Bank National Association,                  as                  trustee (As previously filed on Form 8-K filed on August 15, 2006                  and is                  hereby incorporated by reference into this report on Form                  10-K/A)                                                                                                                                       |
| 31                                              | Sarbanes-Oxley                  Certification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 33(a)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, EMC Mortgage Corporation, as Master                  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 33(b)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, LaSalle Bank National Association, as Trustee and                  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 33(c)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, Wells Fargo Bank National Association, as                  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 33(d)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, LandAmerica Tax and Flood Services, Inc., as servicing                  function participant                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 33(e)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, Assurant, Inc., as servicing function                  participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 34(a)                                           | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, EMC Mortgage Corporation, as Master                  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(b)                                           | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, LaSalle Bank National Association, as                  Trustee and                  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(c)                                           | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, Wells Fargo Bank National Association,                  as                  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 34(d)                                      | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, LandAmerica Tax and Flood Services, Inc.,                  as                  servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(e)                                           | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, Assurant, Inc., as servicing function                  participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(a)                                           | Servicer                  compliance statement, EMC Mortgage Corporation, as Master                  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 35(b)                                           | Servicer                  compliance statement, LaSalle Bank National Association, as                  Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

| (b)                  The exhibits required to be filed by Registrant pursuant to Item                  601 of                  Regulation S-K:                     |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  (31)                  Rule 13a-14(d)/15d-14(d) Certifications.                                                                                               |   |
|  (33)                  Reports on assessment of compliance with servicing criteria for                  asset-backed securities:                              |   |
|  1.                                                                                                                                                           | EMC                  Mortgage Corporation, as Master Servicer |   |
| 2.                                                                                                                                                                 | LaSalle                  Bank National Association, as Trustee and Custodian |   |
| 3.                                                                                                                                                                 | Wells                  Fargo Bank, NA, as Custodian |   |
| 4.                                                                                                                                                                 | LandAmerica                  Tax and Flood Services, Inc., as servicing function                  participant |   |
| 5.                                                                                                                                                                 | Assurant,                  Inc., as servicing function participant |   |
|  (34)                  Attestation reports on assessment of compliance with servicing                  criteria                  for asset-backed securities: |
| 1.                                                                                                                                                                 | EMC                  Mortgage Corporation, as Master Servicer |
| 2.                                                                                                                                                                 | LaSalle                  Bank National Association, as Trustee and Custodian |
| 3.                                                                                                                                                                 | Wells                  Fargo Bank, NA, as Custodian |
| 4.                                                                                                                                                                 | LandAmerica                  Tax and Flood Services, Inc., as servicing function                  participant |
| 5.                                                                                                                                                                 | Assurant,                  Inc., as servicing function participant |
| (35)                  Servicer Compliance Statements:                                                                                                              |
| 1.                                                                                                                                                                 | EMC                  Mortgage Corporation, as Master Servicer |
| 2.                                                                                                                                                                 | LaSalle                  Bank National Association, as Trustee |

----

**SIGNATURES **

|                                   | EMC                    Mortgage Corporation, as Master Servicer |
|----------------------------------------|-----------------------------------------------------------------|
|                                   |                                                            |
|  April                    2, 2007 | /s/                    John A Vella                             |
|                                   | Name:                     John A. Vella                    |
|                                   | Title: President                    and CEO                |

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**EXHIBIT      INDEX**

|  **Exhibit                  Number**  |  **   **** Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  1.1                                       | The                  Underwriting Agreement, dated April 13, 2006, between Bear, Stearns&                  Co. Inc. as underwriter and Bear Stearns Asset Backed Securities                  I LLC as                  depositor and the related Terms Agreement, dated as of July 18,                  2006,                  between Bear, Stearns & Co. Inc. as underwriter and Bear Stearns Asset                  Backed Securities I LLC as depositor (As previously filed on Form                  8-K                  filed on August 15, 2006 and is hereby incorporated by reference                  into this                  report on Form 10-K/A) |
|  4.1                                       | Pooling                  and Servicing Agreement, dated as of July 1, 2006, among Bear Stearns                  Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation,                  as                  seller and as master servicer, and LaSalle Bank National Association,                  as                  trustee (As previously filed on Form 8-K filed on August 15, 2006                  and is                  hereby incorporated by reference into this report on Form                  10-K/A)                                                                                                                                       |
| 31                                              | Sarbanes-Oxley                  Certification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 33(a)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, EMC Mortgage Corporation, as Master                  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 33(b)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, LaSalle Bank National Association, as Trustee and                  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 33(c)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, Wells Fargo Bank National Association, as                  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 33(d)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, LandAmerica Tax and Flood Services, Inc., as servicing                  function participant                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 33(e)                                           | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, Assurant, Inc., as servicing function                  participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 34(a)                                           | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, EMC Mortgage Corporation, as Master                  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(b)                                           | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, LaSalle Bank National Association, as                  Trustee and                  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(c)                                           | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, Wells Fargo Bank National Association,                  as                  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 34(d)                                      | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, LandAmerica Tax and Flood Services, Inc.,                  as                  servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(e)                                           | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, Assurant, Inc., as servicing function                  participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(a)                                           | Servicer                  compliance statement, EMC Mortgage Corporation, as Master                  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 35(b)                                           | Servicer                  compliance statement, LaSalle Bank National Association, as                  Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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