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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                                 | Pooling                  and Servicing Agreement (filed as an exhibit to Form 8-K on                  2006-04-05)                                                                                                                                   |
| 10.1                                | Mortgage                  Loan Sale and Assignment Agreement (filed as an exhibit to Form                  8-K on                  2006-04-05)                                                                                                 |
| 31                                  | Sarbanes-Oxley                  Certification                                                                                                                                                                                                       |
| 33(a)                               | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, Wilshire Credit Corporation, as Servicer                                                                                  |
| 33(b)                               | Report                  on assessment of compliance with servicing criteria for asset-backed                  securities, LaSalle Bank National Association, as                  Trustee                                                            |
| 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                              |
|  34(a)                         | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, Wilshire Credit Corporation, as                  Servicer                                                     |
|  34(b)                         | Attestation                  report on assessment of compliance with servicing criteria for                  asset-backed securities, LaSalle Bank National Association, as                  Trustee                                                |
|  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 |
| 35(a)                               | Servicer                  compliance statement, Wilshire Credit Corporation, as                  Servicer                                                                                                                                           |
| 35(b)                               | Servicer                  compliance statement, LaSalle Bank National Association, as                  Trustee                                                                                                                            |

|         Wilshire                  Credit Corporation, as Servicer                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
|         LaSalle                  Bank National Association, as Trustee                                |
|         Wells                  Fargo Bank National Association, as Custodian                          |
|       LandAmerica                Tax and Flood Services, Inc., as Servicing Function                Participant |

|         Wilshire                  Credit Corporation, as Servicer                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
|         LaSalle                  Bank National Association, as Trustee                                |
|         Wells                  Fargo Bank National Association, as Custodian                          |
|       LandAmerica                Tax and Flood Services, Inc., as Servicing Function                Participant |

|         Wilshire                  Credit Corporation, as Servicer                       |
|---------------------------------------------------------------------------------------------------------------------------------|
|         LaSalle                  Bank National Association, as                  Trustee |

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**SIGNATURES**

|                                | Wilshire                Credit Corporation, as Servicer                                            |
|-------------------------------------|----------------------------------------------------------------------------------------------------|
|                                |                                                                                               |
|  March                28, 2007 | /s/                Ken Frye                                                                        |
|                                | By: Ken                Frye                                                                   |
|                                | Title: Senior                Vice President Loan Servicing                                    |
|                                | (Senior                Officer in charge of the servicing function of the                servicer) |

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**EXHIBIT      INDEX**

| **Exhibit                    Number** | **Description**                                                                                                                                                                                                                                             |
|---------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                                   | Pooling                    and Servicing Agreement (filed as an exhibit to Form 8-K on                    2006-04-05)                                                                                                                                       |
| 10.1                                  | Mortgage                    Loan Sale and Assignment Agreement (filed as an exhibit to Form                    8-K on                    2006-04-05)                                                                                                   |
| 31                                    | Sarbanes-Oxley                    Certification                                                                                                                                                                                                             |
| 33(a)                                 | Report                    on assessment of compliance with servicing criteria for asset-backed                    securities, Wilshire Credit Corporation, as Servicer                                                                                      |
| 33(b)                                 | Report                    on assessment of compliance with servicing criteria for asset-backed                    securities, LaSalle Bank National Association, as                    Trustee                                                              |
| 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                                |
|  34(a)                           | Attestation                    report on assessment of compliance with servicing criteria for                    asset-backed securities, Wilshire Credit Corporation, as                    Servicer                                                       |
|  34(b)                           | Attestation                    report on assessment of compliance with servicing criteria for                    asset-backed securities, LaSalle Bank National Association, as                    Trustee                                                  |
|  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 |
| 35(a)                                 | Servicer                    compliance statement, Wilshire Credit Corporation, as                    Servicer                                                                                                                                               |
| 35(b)                                 | Servicer                    compliance statement, LaSalle Bank National Association, as                    Trustee                                                                                                                                |

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