----

|   | Delaware                                                                |   | 20-0842986                                     |   |
|--------|-------------------------------------------------------------------------|--------|------------------------------------------------|--------|
|   | (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 |
|--------------------------------|--------------------------|------------------------------------|

| Exhibit      Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                 | Pooling      and Servicing Agreement, dated as of January 1, 2006, among Bear Stearns      Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation, as      sponsor and as company, LaSalle Bank National Association, as master      servicer and as securities administrator, and Citibank, N.A, as trustee.      (As previously filed on Form 8-K filed on February 15, 2006 and on Form      8-K/A filed on October 18, 2006 and is hereby incorporated by reference      into this report on Form 10-K)(1)                                                                                             |
| 10.1                | Assignment,      Assumption and Recognition Agreement made as of January 30, 2006, among      EMC Mortgage Corporation as Assignor, Citibank, N.A., not individually but      solely as trustee for the holders of the SACO I Trust 2006-2, Mortgage      Pass-Through Certificates, Series 2006-2 as Assignee and First Tennessee      Mortgage Services, Inc.(1)                                                                                                                                                                                                                                                        |
| 10.2                | Purchase,      Warranties and Servicing Agreement, dated as of September 1, 2003 and is      executed among EMC MORTGAGE CORPORATION, as Purchaser, (the "Purchaser"),      FIRST TENNESSEE MORTGAGE SERVICES, INC., as servicer (the “Servicer”) and      FIRST HORIZON HOME LOAN CORPORATION, as seller (the “Seller”) (the      Servicer and the Seller together referred to as the "Company")(1)                                                                                                                                                                                              |
| 10.3           | Amendment      No. 1, effective as of May 14, 2004, amends the Purchase, Warranties and      Servicing Agreement among EMC Mortgage Corporation (the “Purchaser”),      First Tennessee Mortgage Services, Inc., as servicer (the “Servicer”) and      First Horizon Home Loan Corporation (the “Seller”, and together with the      Servicer, the “Company”), previously entered into as of September 1, 2003      (the “Agreement”).(1)                                                                                                                     |
| 10.4                | Amendment      No. 2, effective as of June 16, 2005, amends the Purchase, Warranties and      Servicing Agreement among EMC Mortgage Corporation (the “Purchaser”),      First Tennessee Mortgage Services, Inc., as servicer (the “Servicer”) and      First Horizon Home Loan Corporation (the “Seller”, and together with the      Servicer, the “Company”), previously entered into as of September 1, 2003      (the “Agreement”), as previously amended.(1)                                                                                             |
| 10.5                | Amendment      No. 3, effective as of August 8, 2005, amends the Purchase, Warranties and      Servicing Agreement among EMC Mortgage Corporation (the “Purchaser”),      First Tennessee Mortgage Services, Inc., as servicer (the “Servicer”) and      First Horizon Home Loan Corporation (the “Seller”, and together with the      Servicer, the “Company”), previously entered into as of September 1, 2003      (the “Agreement”), as previously amended.(1)                                                                                            |
| 10.6                | Amendment      No. 4 is made and entered into this 22nd      day of December, 2005, by and among EMC Mortgage Corporation, a Delaware      corporation, as purchaser (the “Purchaser”) and First Tennessee Mortgage      Services, Inc., as servicer (the “Servicer”) and First Horizon Home Loan      Corporation (the “Seller”, and together with the Servicer, the “Company”)      in connection with the Purchase, Warranties and Servicing Agreement, dated      as of September 1, 2003, between the above mentioned parties (the      “Agreement”).(1) |
| 31                  | Sarbanes-Oxley      Certification (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 33(a)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Master Servicer(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 33(b)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, EMC Mortgage Corporation, as Company(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 33(c)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Securities      Administrator and Custodian(1)                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 33(d)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities,  Wells Fargo Bank, NA, as Custodian(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 33(e)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LandAmerica Tax and Flood Services, Inc., as servicing      function participant(1)                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 33(f)               | Restated      report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant, Inc., as servicing function      participant(2)                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 34(a)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as Master      Servicer(1)                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 34(b)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, EMC Mortgage Corporation, as Company(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 34(c)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as      Securities Administrator and Custodian(1)                                                                                                                                                                                                                                                                                                                                                                                                              |
| 34(d)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Wells Fargo Bank, NA, as Custodian(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 34(e)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LandAmerica Tax and Flood Services, Inc., as      servicing function participant(1)                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 34(f)               | Restated      attestation report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant, Inc., as servicing function      participant(2)                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 35(a)               | Servicer      compliance statement, LaSalle Bank National Association, as Master      Servicer(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 35(b)               | Servicer      compliance statement, EMC Mortgage Corporation, as Company(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 35(c)               | Servicer      compliance statement, LaSalle Bank National Association, as      Securities Administrator(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 99(a)               | Form      10-K Annual Report for Ambac Financial Group Inc. filed on March 1,      2007.(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

| (b)      The exhibits required to be filed by Registrant pursuant to Item 601 of      Regulation S-K are listed above and in the Exhibit Index that immediately      follows the signature page hereof.                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|
|  (10.1)       Assignment, Assumption and Recognition Agreement made as of January 30,      2006, among EMC Mortgage Corporation as Assignor, Citibank, N.A., not      individually but solely as trustee for the holders of the SACO I Trust      2006-2, Mortgage Pass-Through Certificates, Series 2006-2 as Assignee and      First Tennessee Mortgage Services, Inc.(1)                                                                                                                                                                                                                                                        |                                                                                                                       |
|  (10.2)       Purchase, Warranties and Servicing Agreement, dated as of September 1,      2003 and is executed among EMC MORTGAGE CORPORATION, as Purchaser, (the      "Purchaser"), FIRST TENNESSEE MORTGAGE SERVICES, INC., as servicer (the      “Servicer”) and FIRST HORIZON HOME LOAN CORPORATION, as seller (the      “Seller”) (the Servicer and the Seller together referred to as the      "Company")(1)                                                                                                                                                                                         |                                                                                                                       |
|  (10.3)      Amendment No. 1, effective as of May 14, 2004, amends the Purchase,      Warranties and Servicing Agreement among EMC Mortgage Corporation (the      “Purchaser”), First Tennessee Mortgage Services, Inc., as servicer (the      “Servicer”) and First Horizon Home Loan Corporation (the “Seller”, and      together with the Servicer, the “Company”), previously entered into as of      September 1, 2003 (the “Agreement”).(1)                                                                                                                           |                                                                                                                       |
|  (10.4)       Amendment No. 2, effective as of June 16, 2005, amends the Purchase,      Warranties and Servicing Agreement among EMC Mortgage Corporation (the      “Purchaser”), First Tennessee Mortgage Services, Inc., as servicer (the      “Servicer”) and First Horizon Home Loan Corporation (the “Seller”, and      together with the Servicer, the “Company”), previously entered into as of      September 1, 2003 (the “Agreement”), as previously amended.(1)                                                                                             |                                                                                                                       |
|  (10.5)       Amendment No. 3, effective as of August 8, 2005, amends the Purchase,      Warranties and Servicing Agreement among EMC Mortgage Corporation (the      “Purchaser”), First Tennessee Mortgage Services, Inc., as servicer (the      “Servicer”) and First Horizon Home Loan Corporation (the “Seller”, and      together with the Servicer, the “Company”), previously entered into as of      September 1, 2003 (the “Agreement”), as previously amended.(1)                                                                                            |                                                                                                                       |
|  (10.6)       Amendment No. 4 is made and entered into this 22nd      day of December, 2005, by and among EMC Mortgage Corporation, a Delaware      corporation, as purchaser (the “Purchaser”) and First Tennessee Mortgage      Services, Inc., as servicer (the “Servicer”) and First Horizon Home Loan      Corporation (the “Seller”, and together with the Servicer, the “Company”)      in connection with the Purchase, Warranties and Servicing Agreement, dated      as of September 1, 2003, between the above mentioned parties (the      “Agreement”).(1) |                                                                                                                       |
|  (31)      Rule 13a-14(d)/15d-14(d) Certifications.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                                       |   |
|  (33)      Reports on assessment of compliance with servicing criteria for      asset-backed securities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                       |   |
|  1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | LaSalle      Bank National Association, as Master Servicer(1)                                                              |   |   |
| 2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | EMC      Mortgage Corporation, as Company(1)                                                                               |   |   |
| 3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | LaSalle      Bank National Association, as Securities Administrator and      Custodian(1)                        |   |   |
| 4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Wells      Fargo Bank, NA, as Custodian(1)                                                                                 |   |   |
| 5.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | LandAmerica      Tax and Flood Services, Inc., as servicing function participant(1)                                        |   |   |
| 6.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Restated      report on assessment of compliance for Assurant, Inc., as servicing      function participant(2)             |   |   |
|  (34)      Attestation reports on assessment of compliance with servicing criteria      for asset-backed securities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | LaSalle      Bank National Association, as Master Servicer(1)                                                              |
| 2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | EMC      Mortgage Corporation, as Company(1)                                                                               |
| 3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | LaSalle      Bank National Association, as Securities Administrator and      Custodian(1)                        |
| 4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Wells      Fargo Bank, NA, as Custodian(1)                                                                                 |
| 5.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | LandAmerica      Tax and Flood Services, Inc., as servicing function participant(1)                                        |
| 6.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Restated      attestation report on assessment of compliance for Assurant, Inc., as      servicing function participant(2) |
| (35)      Servicer Compliance Statements:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | LaSalle      Bank National Association, as Master Servicer(1)                                                              |
| 2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | EMC      Mortgage Corporation, as Company(1)                                                                               |
| 3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | LaSalle      Bank National Association, as Securities Administrator and      Custodian(1)                        |

----

----

|                     | LaSalle      Bank National Association, as Master Servicer |
|--------------------------|------------------------------------------------------------|
|                     |                                                       |
|  July      22, 2008 | /s/      Andrew Leszczynski                                |
|                     | By: Andrew      Leszczynski                           |
|                     | Title: First      Vice President                      |

----

----

| Exhibit      Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                 | Pooling      and Servicing Agreement, dated as of January 1, 2006, among Bear Stearns      Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation, as      sponsor and as company, LaSalle Bank National Association, as master      servicer and as securities administrator, and Citibank, N.A, as trustee.      (As previously filed on Form 8-K filed on February 15, 2006 and on Form      8-K/A filed on October 18, 2006 and is hereby incorporated by reference      into this report on Form 10-K)(1)                                                                                             |
| 10.1                | Assignment,      Assumption and Recognition Agreement made as of January 30, 2006, among      EMC Mortgage Corporation as Assignor, Citibank, N.A., not individually but      solely as trustee for the holders of the SACO I Trust 2006-2, Mortgage      Pass-Through Certificates, Series 2006-2 as Assignee and First Tennessee      Mortgage Services, Inc.(1)                                                                                                                                                                                                                                                        |
| 10.2                | Purchase,      Warranties and Servicing Agreement, dated as of September 1, 2003 and is      executed among EMC MORTGAGE CORPORATION, as Purchaser, (the "Purchaser"),      FIRST TENNESSEE MORTGAGE SERVICES, INC., as servicer (the “Servicer”) and      FIRST HORIZON HOME LOAN CORPORATION, as seller (the “Seller”) (the      Servicer and the Seller together referred to as the "Company")(1)                                                                                                                                                                                              |
| 10.3           | Amendment      No. 1, effective as of May 14, 2004, amends the Purchase, Warranties and      Servicing Agreement among EMC Mortgage Corporation (the “Purchaser”),      First Tennessee Mortgage Services, Inc., as servicer (the “Servicer”) and      First Horizon Home Loan Corporation (the “Seller”, and together with the      Servicer, the “Company”), previously entered into as of September 1, 2003      (the “Agreement”).(1)                                                                                                                     |
| 10.4                | Amendment      No. 2, effective as of June 16, 2005, amends the Purchase, Warranties and      Servicing Agreement among EMC Mortgage Corporation (the “Purchaser”),      First Tennessee Mortgage Services, Inc., as servicer (the “Servicer”) and      First Horizon Home Loan Corporation (the “Seller”, and together with the      Servicer, the “Company”), previously entered into as of September 1, 2003      (the “Agreement”), as previously amended.(1)                                                                                             |
| 10.5                | Amendment      No. 3, effective as of August 8, 2005, amends the Purchase, Warranties and      Servicing Agreement among EMC Mortgage Corporation (the “Purchaser”),      First Tennessee Mortgage Services, Inc., as servicer (the “Servicer”) and      First Horizon Home Loan Corporation (the “Seller”, and together with the      Servicer, the “Company”), previously entered into as of September 1, 2003      (the “Agreement”), as previously amended.(1)                                                                                            |
| 10.6                | Amendment      No. 4 is made and entered into this 22nd      day of December, 2005, by and among EMC Mortgage Corporation, a Delaware      corporation, as purchaser (the “Purchaser”) and First Tennessee Mortgage      Services, Inc., as servicer (the “Servicer”) and First Horizon Home Loan      Corporation (the “Seller”, and together with the Servicer, the “Company”)      in connection with the Purchase, Warranties and Servicing Agreement, dated      as of September 1, 2003, between the above mentioned parties (the      “Agreement”).(1) |
| 31                  | Sarbanes-Oxley      Certification (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 33(a)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Master Servicer(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 33(b)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, EMC Mortgage Corporation, as Company(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 33(c)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Securities      Administrator and Custodian(1)                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 33(d)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities,  Wells Fargo Bank, NA, as Custodian(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 33(e)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LandAmerica Tax and Flood Services, Inc., as servicing      function participant(1)                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 33(f)               | Restated      report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant, Inc., as servicing function      participant(2)                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 34(a)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as Master      Servicer(1)                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 34(b)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, EMC Mortgage Corporation, as Company(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 34(c)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as      Securities Administrator and Custodian(1)                                                                                                                                                                                                                                                                                                                                                                                                              |
| 34(d)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Wells Fargo Bank, NA, as Custodian(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 34(e)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LandAmerica Tax and Flood Services, Inc., as      servicing function participant(1)                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 34(f)               | Restated      attestation report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant, Inc., as servicing function      participant(2)                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 35(a)               | Servicer      compliance statement, LaSalle Bank National Association, as Master      Servicer(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 35(b)               | Servicer      compliance statement, EMC Mortgage Corporation, as Company(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 35(c)               | Servicer      compliance statement, LaSalle Bank National Association, as      Securities Administrator(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 99(a)               | Form      10-K Annual Report for Ambac Financial Group Inc. filed on March 1,      2007.(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

----