**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      DC  20549**

**FORM      10-K**

**ANNUAL      REPORT**

**PURSUANT      TO SECTIONS 13 OR 15(d)**

**OF      THE SECURITIES EXCHANGE ACT OF 1934**

**[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 EXCHANGE ACT OF      1934**

| Delaware                                                                    |   | 87-0698307                                                |
|-----------------------------------------------------------------------------|--------|-----------------------------------------------------------|
| (State                    or Other Jurisdiction of                          |   | (I.R.S.                    Employer Identification No. of |
| Incorporation                    or Organization of                         |   | the                    Depositor)                         |
| the                    Depositor)                                           |   |                                                      |
|                                                                        |   |                                                      |
| c/o   Countrywide                    Home Loans Servicing LP |   |                                                      |
|     4500                    Park Granada                |   |                                                      |
|     Calabasas,                    California            |   | 91302                                                     |
| (Address                    of Principal Executive Offices                  |   | (Zip                    Code)                             |
| of                    the Depositor)                                        |   |                                                      |

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**PART      I**

| **Item                  1.** |  | **Business.** |
|------------------------------|--|---------------|
|   |   |   |
|--------|--------|--------|
|   |   | Omitted                as permitted by Instruction J to Form                10-K. |
|--------|--------|-----------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|
| **Item                1A.** |   | **Risk                Factors.** |
|-----------------------------|--------|----------------------------------|
|   |   |   |
|--------|--------|--------|
|   |   | Omitted                as permitted by Instruction J to Form                10-K. |
|--------|--------|-----------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|
| **Item                  1B.** |   | **Unresolved                  Staff Comments.** |
|-------------------------------|--------|-------------------------------------------------|
|   |   |   |
|--------|--------|--------|
|   |   | Not                  Applicable. |
|--------|--------|----------------------------------|
|   |   |   |
|--------|--------|--------|
| **Item                  2.** |   | **Properties.** |
|------------------------------|--------|-----------------|
|   |   |   |
|--------|--------|--------|
|   |   | Omitted                as permitted by Instruction J to Form                10-K. |
|--------|--------|-----------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|
| **Item                  3.** |   | **Legal                Proceedings.** |
|------------------------------|--------|---------------------------------------|
|   |   |   |
|--------|--------|--------|
|   |   | Omitted                  as permitted by Instruction J to Form                  10-K. |
|--------|--------|---------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|
| **Item                  4.** |   | **Submission                  of Matters to a Vote of Security                  Holders.** |
|------------------------------|--------|--------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|
|   |   | Omitted                  as permitted by Instruction J to Form                  10-K. |
|--------|--------|---------------------------------------------------------------------------------------|

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**PART        II**

| **Item                    5.**  | **Market                    for Registrant’s Common Equity, Related Stockholder Matters and Issuer                    Purchases of Equity Securities.** |
|---------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                            |                                                                                                                                                          |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                                        |
|                            |                                                                                                                                                          |
| **Item                    6.**  | **Selected                    Financial Data.**                                                                                                               |
|                            |                                                                                                                                                          |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                                        |
|                            |                                                                                                                                                          |
| **Item                    7.**  | **Management’s                    Discussion and Analysis of Financial Condition and Results of                    Operations.**                        |
|                            |                                                                                                                                                          |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                                        |
|                            |                                                                                                                                                          |
| **Item                    7A**  | **Quantitative                    and Qualitative Disclosures about Market Risk.**                                                                            |
|                            |                                                                                                                                                          |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                                        |
|                            |                                                                                                                                                          |
| **Item                    8.**  | **Financial                    Statements and Supplementary Data.**                                                                                           |
|                            |                                                                                                                                                          |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                                        |
|                            |                                                                                                                                                          |
| **Item                    9.**  | **Changes                    in and Disagreements With Accountants on Accounting and Financial                    Disclosure.**                               |
|                            |                                                                                                                                                          |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                                        |
|                            |                                                                                                                                                          |
| **Item                    9A.** | **Controls                    and Procedures.**                                                                                                               |
|                            |                                                                                                                                                          |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                                        |
|                            |                                                                                                                                                          |
| **Item                    9B.** | **Other                    Information.**                                                                                                                     |
|                            |                                                                                                                                                          |
|                            | None.                                                                                                                                                         |
|                            |                                                                                                                                                          |

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**PART            III**

| **Item                    10.** | **Directors,                    Executive Officers and Corporate Governance.**                                                            |
|---------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|
|                            |                                                                                                                                      |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                    |
|                            |                                                                                                                                      |
| **Item                    11.** | **Executive                    Compensation.**                                                                                            |
|                            |                                                                                                                                      |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                    |
|                            |                                                                                                                                      |
| **Item                    12.** | **Security                    Ownership of Certain Beneficial Owners and Management and Related                    Stockholder Matters.** |
|                            |                                                                                                                                      |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                    |
|                            |                                                                                                                                      |
| **Item                    13.** | **Certain                    Relationships and Related Transactions, and Director                    Independence.**                      |
|                            |                                                                                                                                      |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                    |
|                            |                                                                                                                                      |
| **Item                    14.** | **Principal                    Accountant Fees and Services.**                                                                            |
|                            |                                                                                                                                      |
|                            | Omitted                    as permitted by Instruction J to Form 10-K.                                                                    |
|                            |                                                                                                                                      |

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**PART      IV**

| **Item                15.** | **Exhibits                and Financial Statement                Schedules.** |
|-----------------------------|-------------------------------------------------------------------------------|

|             (a)   | (1) | Not                applicable. |
|-----------------------------------------------------------------------------------------|-----|--------------------------------|

|   | (2) | Not                applicable. |
|--------|-----|--------------------------------|

|   | (3) | The                required exhibits are as follows: |
|--------|-----|------------------------------------------------------|

|   | • | Exhibit                3(i):  Copy of Company’s Certificate of Incorporation (Filed as                Exhibit 3.1 to Registration Statement on Form S-3 (File No.                333-110343)) |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Exhibit                3(ii):  Copy of Company’s By-laws (Filed as Exhibit 3.2 to                Registration Statement on Form S-3 (File No.                333-110343)) |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Exhibit                4:  Pooling and Servicing Agreement (Filed as part of the                Current Report on Form 8-K filed on April 14, 2006 under the Commission                file number of the Issuing Entity) |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Exhibit                31(ii):  Rule 15d-14(d)                Certification |
|--------|---------|---------------------------------------------------------------------------------------|

|   | • | Exhibit                33.1:  Report on Assessment of Compliance With Servicing                Criteria for Asset-Backed Securities for Countrywide Financial                Corporation |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Exhibit                33.2:  Report on Assessment of Compliance With Servicing                Criteria for Asset-Backed Securities for the                Trustee |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Exhibit                34.1:  Attestation Report on Assessment of Compliance With                Servicing Criteria for Asset-Backed Securities of KPMG LLP on behalf                of                Countrywide Financial Corporation |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Exhibit                34.2:  Attestation Report on Assessment of Compliance With                Servicing Criteria for Asset-Backed Securities of Ernst & Young LLP on                behalf of the Trustee |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Exhibit                35:  Servicer Compliance Statement of the Master                Servicer |
|--------|---------|-----------------------------------------------------------------------------------------------------------|

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**ADDITIONAL        INFORMATION**

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

| **Item                  1114(b)(2) of Regulation AB.** | **Financial                  Information of Significant Enhancement **Providers.**** |  |
|--------------------------------------------------------|--------------------------------------------------------------------------------------|--|

| **Item                  1115(b) of Regulation AB.** | **Financial                  Information of Certain Entities Providing Derivative                  Instruments.** |
|-----------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|

| **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.** |
|------------------------------------------------|---------------------------------------------------|

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|   | ALTERNATIVE                        LOAN TRUST 2006-11CB |
|--------|---------------------------------------------------------|

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| Exhibit | Document |
|---------|----------|

| 3(i) | Company’s                Certificate of Incorporation (Filed as Exhibit 3.1 to Registration                Statement on Form S-3 (File No.                333-110343))* |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3(ii) | Company’s                By-laws (Filed as Exhibit 3.2 to Registration Statement on Form S-3                (File                No. 333-110343)* |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Pooling                and Servicing Agreement (Filed as part of the Current Report on Form                8-K                filed on April 14, 2006 under the Commission file number of the Issuing                Entity)* |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 31(ii)  | Rule                15d-14(d) Certification |
|--------------|---------------------------------------------|

| 33.1 | Report                on Assessment of Compliance With Servicing Criteria for Asset-Backed                Securities for Countrywide Financial                Corporation |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 33.2 | Report                on Assessment of Compliance With Servicing Criteria for Asset-Backed                Securities for the Trustee |
|------|--------------------------------------------------------------------------------------------------------------------------------------|

| 34.1 | Attestation                Report on Assessment of Compliance With Servicing Criteria for                Asset-Backed Securities of KPMG LLP on behalf of Countrywide Financial                Corporation |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 34.2 | Attestation                Report on Assessment of Compliance With Servicing Criteria for                Asset-Backed Securities of Ernst & Young LLP on behalf of the                Trustee |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 35 | Servicer                Compliance Statement of the Master                Servicer |
|----|------------------------------------------------------------------------------------|

| * | Incorporated                herein by reference. |
|---|--------------------------------------------------|

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