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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-K**

**[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                                                                                    |   | 13-3416059                                                         |   |
|--------|---------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|
|   | (State                or other jurisdiction ofincorporation                or organization) |   | (I.R.S.                Employer Identification                No.) |   |

|   | o                Yes |   |  x                No |
|--------|----------------------|--------|---------------------------|

|   | o                Yes |   | x                No |
|--------|----------------------|--------|---------------------|

|   | x                Yes |   | o                No |
|--------|----------------------|--------|---------------------|

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

**DOCUMENTS      INCORPORATED BY REFERENCE**

**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          Governance.**

**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.**

**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**                                                                                                                                                                                                                                                                          |
|-----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                                     | Deposit                        Trust Agreement (filed as an exhibit to Form 10-K on                        2006-08-23)                                                                                                                                                                   |
| 4.2                                     | Indenture                      (filed as an exhibit to Form 10-K on 2006-08-23)                                                                                                                                                                                                          |
| 10.1                                    | Mortgage                      Loan Sale and Assignment Agreement (filed as an exhibit to                      Form 10-K on                      2006-08-23)                                                                                                                              |
| 10.2                                    | Servicing                      Agreement (filed as an exhibit to Form 10-K on                      2006-08-23).                                                                                                                                                                          |
| 10.3                                    | Flow                      Servicing Agreement (filed as an exhibit to Form 10-K on                      2006-08-23).                                                                                                                                                                     |
| 10.4                                    | Assignment,                        Assumption & Recognition Agreement (filed as an exhibit to Form 10-K                        on  2006-08-23).                                                                                                                                 |
| 10.5                                    | Administration                      Agreement (filed as an exhibit to Form 10-K on                      2006-08-23).                                                                                                                                                                     |
| 10.6                                    | Statement                      of Eligibility of Citibank, N.A. (filed as an exhibit to Form                      8-K on                      2006-08- 07).                                                                                                                         |
| 31                                      | Sarbanes-Oxley                      Certification                                                                                                                                                                                                                                        |
| 33(a)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, LaSalle Bank National Association, as Master Servicer                                                                                             |
| 33(b)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, Wilshire Credit Corporation, as Servicer                                                                                                               |
| 33(c)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, LaSalle Bank National Association, as Securities                      Administrator and Custodian                                                 |
| 33(d)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, Wells Fargo Bank National Association, as  Custodian                                                                                              |
| 33(e)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, Countrywide Home Loans Servicing, L.P., as                      Servicer                                                                               |
| 33(f)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, LandAmerica Tax and Flood Services, Inc., as Servicing                      Function Participant                                                       |
| 34(a)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, LaSalle Bank National Association,                      as Master                      Servicer                  |
| 34(b)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Wilshire Credit Corporation, as                      Servicer                                                         |
| 34(c)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, LaSalle Bank National Association,                      as Securities Administrator and Custodian                |
| 34(d)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Wells Fargo Bank National Association,                      as                       Custodian                   |
| 34(e)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Countrywide Home Loans Servicing,                      L.P., as                      Servicer                         |
| 34(f)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, LandAmerica Tax and Flood Services,                      Inc., as                      Servicing Function Participant |
| 35(a)                                   | Servicer                      compliance statement, LaSalle Bank National Association, as Master                      Servicer                                                                                                                                                      |
| 35(b)                                   | Servicer                      compliance statement, Wilshire Credit Corporation, as                      Servicer                                                                                                                                                                        |
| 35(c)                                   | Servicer                      compliance statement, LaSalle Bank National Association,                      as Securities Administrator                                                                                                                                             |
| 35(d)                                   | Servicer                      compliance statement, Countrywide Home Loans Servicing, L.P.,                      as                      Servicer                                                                                                                                        |

|        LaSalle                  Bank National Association, as Master Servicer                                    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         Wilshire Credit Corporation, as Servicer                                                           |
|                         LaSalle Bank National Association, as Securities Administrator and                  Custodian |
|        Wells                  Fargo Bank National Association, as  Custodian                                     |
|                         Countrywide Home Loans Servicing, L.P., as Servicer                                                |
|      LandAmerica                Tax and Flood Services, Inc., as Servicing Function                Participant                       |

|        LaSalle                  Bank National Association, as Master Servicer                                    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         Wilshire Credit Corporation, as Servicer                                                           |
|                         LaSalle Bank National Association, as Securities Administrator and                  Custodian |
|        Wells                  Fargo Bank National Association, as  Custodian                                     |
|                         Countrywide Home Loans Servicing, L.P., as Servicer                                                |
|      LandAmerica                Tax and Flood Services, Inc., as Servicing Function                Participant                       |

|        LaSalle                  Bank National Association, as Master Servicer                      |
|--------------------------------------------------------------------------------------------------------------------------------------------|
|                         Wilshire Credit Corporation, as Servicer                                             |
|                         LaSalle Bank National Association, as Securities                  Administrator |
|                         Countrywide Home Loans Servicing, L.P., as                  Servicer                 |

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**SIGNATURES**

|                                | LaSalle                Bank National Association, as Master Servicer                                      |
|-------------------------------------|-----------------------------------------------------------------------------------------------------------|
|                                |                                                                                                      |
|  March                29, 2007 | /s/                Andrew Leszczynski                                                                     |
|                                | By: Andrew                Leszczynski                                                                |
|                                | Title: First                Vice President                                                           |
|                                | (Senior                Officer in charge of the servicing function of the Master                Servicer) |

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**EXHIBIT      INDEX**

| **Exhibit                                  Number** | **Description**                                                                                                                                                                                                                                                                                                                                            |
|-----------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                                                 | Deposit                                    Trust Agreement (filed as an exhibit to Form                                    10-K on                                    2006-08-23)                                                                                                                                                                          |
| 4.2                                                 | Indenture                                  (filed as an exhibit to Form 10-K on 2006-08-23)                                                                                                                                                                                                                                                                |
| 10.1                                                | Mortgage                                  Loan Sale and Assignment Agreement (filed as an                                  exhibit to Form 10-K on                                  2006-08-23)                                                                                                                                                            |
| 10.2                                                | Servicing                                  Agreement (filed as an exhibit to Form 10-K on                                  2006-08-23).                                                                                                                                                                                                                    |
| 10.3                                                | Flow                                  Servicing Agreement (filed as an exhibit to Form                                  10-K on                                  2006-08-23).                                                                                                                                                                              |
| 10.4                                                | Assignment,                                    Assumption & Recognition Agreement (filed as an exhibit to                                    Form 10-K                                    on  2006-08-23).                                                                                                                                        |
| 10.5                                                | Administration                                  Agreement (filed as an exhibit to Form 10-K on                                  2006-08-23).                                                                                                                                                                                                               |
| 10.6                                                | Statement                                  of Eligibility of Citibank, N.A. (filed as an exhibit                                  to Form 8-K on                                  2006-08- 07).                                                                                                                                                       |
| 31                                                  | Sarbanes-Oxley                                  Certification                                                                                                                                                                                                                                                                                              |
| 33(a)                                               | Report                                  on assessment of compliance with servicing criteria                                  for asset-backed                                  securities, LaSalle Bank National Association,                                  as Master Servicer                                                                     |
| 33(b)                                               | Report                                  on assessment of compliance with servicing criteria                                  for asset-backed                                  securities, Wilshire Credit Corporation, as Servicer                                                                                                                        |
| 33(c)                                               | Report                                  on assessment of compliance with servicing criteria                                  for asset-backed                                  securities, LaSalle Bank National Association,                                  as Securities                                  Administrator and Custodian             |
| 33(d)                                               | Report                                  on assessment of compliance with servicing criteria                                  for asset-backed                                  securities, Wells Fargo Bank National Association,                                  as  Custodian                                                                      |
| 33(e)                                               | Report                                  on assessment of compliance with servicing criteria                                  for asset-backed                                  securities, Countrywide Home Loans Servicing, L.P.,                                  as                                  Servicer                                           |
| 33(f)                                               | Report                                  on assessment of compliance with servicing criteria                                  for asset-backed                                  securities, LandAmerica Tax and Flood Services,                                  Inc., as Servicing                                  Function Participant                   |
| 34(a)                                               | Attestation                                  report on assessment of compliance with servicing                                  criteria for                                  asset-backed securities, LaSalle Bank National                                  Association, as Master                                  Servicer                        |
| 34(b)                                               | Attestation                                  report on assessment of compliance with servicing                                  criteria for                                  asset-backed securities, Wilshire Credit Corporation,                                  as                                  Servicer                                          |
| 34(c)                                               | Attestation                                  report on assessment of compliance with servicing                                  criteria for                                  asset-backed securities, LaSalle Bank National                                  Association,                                  as Securities Administrator and Custodian |
| 34(d)                                               | Attestation                                  report on assessment of compliance with servicing                                  criteria for                                  asset-backed securities, Wells Fargo Bank National                                  Association, as                                   Custodian                         |
| 34(e)                                               | Attestation                                  report on assessment of compliance with servicing                                  criteria for                                  asset-backed securities, Countrywide Home Loans                                  Servicing, L.P., as                                  Servicer                               |
| 34(f)                                               | Attestation                                  report on assessment of compliance with servicing                                  criteria for                                  asset-backed securities, LandAmerica Tax and Flood                                  Services, Inc., as                                  Servicing Function Participant       |
| 35(a)                                               | Servicer                                  compliance statement, LaSalle Bank National Association,                                  as Master                                  Servicer                                                                                                                                                               |
| 35(b)                                               | Servicer                                  compliance statement, Wilshire Credit Corporation,                                  as                                  Servicer                                                                                                                                                                                 |
| 35(c)                                               | Servicer                                  compliance statement, LaSalle Bank National Association,                                  as Securities Administrator                                                                                                                                                                                       |
| 35(d)                                               | Servicer                                  compliance statement, Countrywide Home Loans Servicing,                                  L.P., as                                  Servicer                                                                                                                                                                      |

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