UNITED STATES
                             SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C. 20549



                                          FORM 10-K/A
                                         Amendment No. 2


  (Mark one)

  /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
      For the fiscal year ended December 31, 2006

      OR



  / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934


       Commission file number:  333-130961-02

       Fremont Home Loan Trust 2006-2
       (exact name of issuing entity as specified in its charter)

       Financial Asset Securities Corp. (depositor)
       (exact name of the registrant as specified in its charter)

       Greenwich Capital Financial Products, Inc.
       (exact name of the sponsor as specified in its charter)


  Delaware                                          06-1442101
  (State or other jurisdiction of                   (I.R.S. Employer
  incorporation or organization)                    Identification No.)



   600 Steamboat Road
   Greenwich, CT                               06830
  (Address of principal executive offices)    (Zip Code)


  Registrant's telephone number, including area code: (203) 625-2700


  Securities registered pursuant to Section 12(b) of the Act:

        NONE.


  Securities registered pursuant to Section 12(g) of the Act:

        NONE.



  Indicate by check mark if the registrant is a well-known seasoned issuer,
  as defined in Rule 405 of the Securities Act.

        Yes  ___     No  X


  Indicate by check mark if the registrant is not required to file reports
  pursuant to Section 13 or Section 15(d) of the Act.

        Yes  ___     No  X


  Indicate by check mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15(d) of the Securities Exchange
  Act of 1934 during the preceding 12 months (or for such shorter period
  that the registrant was required to file such reports), and (2) has been
  subject to such filing requirements for the past 90 days.

        Yes  X       No  ___


  Indicate by check mark if disclosure of delinquent filers pursuant to
  Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained
  herein, and will not be contained, to the best of registrant's knowledge,
  in definitive proxy or information statements incorporated by reference
  in Part III of this Form 10-K or any amendment to this Form 10-K.

             X


  Indicate by check mark whether the registrant is a large accelerated filer,
  an accelerated filer, or a non-accelerated filer. See definition of
  "accelerated filer and large accelerated filer" in Rule 12b-2 of the
  Exchange Act. (Check one):


  Large accelerated filer ___  Accelerated filer ___  Non-accelerated filer X


  Indicate by check mark whether the registrant is a shell company (as
  defined in Rule 12b-2 of the Act).

        Yes  ___     No  X


  State the aggregate market value of the voting and non-voting common
  equity held by non-affiliates computed by reference to the price at which
  the common equity was last sold, or the average bid and asked price of
  such common equity, as of the last business day of the registrant's most
  recently completed second fiscal quarter.

        Not applicable.


  Indicate by check mark whether the registrant has filed all documents and
  reports required to be filed by Section 12, 13 or 15(d) of the Securities
  Exchange Act of 1934 subsequent to the distribution of securities under a plan
  confirmed by a court.

         Not applicable.

  Indicate the number of shares outstanding of each of the registrant's classes
  of common stock, as of December 31, 2006.

         Not applicable.


     Documents Incorporated by Reference

  List hereunder the following documents if incorporated by reference and
  the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the
  document is incorporated: (1)Any annual report to security holders; (2)
  Any proxy or information statement; and (3)Any prospectus filed pursuant
  to Rule 424(b) or (c) under the Securities Act of 1933. The listed
  documents should be clearly described for identification purposes (e.g.,
  annual report to security holders for fiscal year ended December 24, 1980).

        Not applicable.


                                   PART I
  Item 1.  Business.

            Omitted.


  Item 1A.  Risk Factors.

            Omitted.


  Item 1B.  Unresolved Staff Comments.

            Omitted.


  Item 2.  Properties.

            Omitted.


  Item 3.  Legal Proceedings.

            Omitted.


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

            Omitted.


                                PART II

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

            Omitted.


  Item 6.  Selected Financial Data.

            Omitted.


  Item 7.  Management's Discussion and Analysis of Financial Condition and
           Results of Operations.

            Omitted.


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

            Omitted.


  Item 8.  Financial Statements and Supplementary Data.

            Omitted.


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

            Omitted.


  Item 9A. Controls and Procedures.

            Omitted.


  Item 9A(T). Controls and Procedures.

            Omitted.


  Item 9B. Other Information.

            None.



                                PART III

  Item 10. Directors, Executive Officers and Corporate Governance.

            Omitted.


  Item 11. Executive Compensation.

            Omitted.

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

            Omitted.


  Item 13. Certain Relationships and Related Transactions, and Director
           Independence.

            Omitted.


  Item 14. Principal Accounting Fees and Services.

            Omitted.



                ADDITIONAL DISCLOSURE ITEMS PURSUANT TO GENERAL INSTRUCTION J

  Item 1112(b) of Regulation AB, Significant Obligor Financial Information.

            No single obligor represents more than 10% of the pool assets held
            by this transaction.


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


            No entity or group of affiliated entities provides external
            credit enhancement, uses any derivative instruments or other support
            for the certificates within this transaction with a significance
            percentage calculated in excess of 10%.



  Item 1117 of Regulation AB, Legal Proceedings.


  Recent Events Relating to Fremont Investment & Loan

  Pursuant to a Form 12b-25 filed on March 2, 2007, Fremont General Corporation
  ("Fremont General"), the parent of Fremont Investment & Loan ("Fremont"),
  announced that it was delaying the filing of its Annual Report on Form 10-K
  for the fiscal year ended December 31, 2006. Pursuant to a Form 8-K filed on
  March 16, 2007, Fremont General announced that it would not file its Annual
  Report on Form 10-K for the fiscal year ended December 31, 2006 before its
  extended deadline of April 17, 2007.

  Fremont General also announced that, in light of the current operating
  environment for subprime mortgage lenders and recent legislative and
  regulatory events, Fremont intends to exit its subprime residential real
  estate lending business. Fremont General is are engaged in discussions with
  various parties regarding the sale or other disposition of the residential
  loan origination platform and has engaged Credit Suisse Securities LLC in
  connection therewith; however, there can be no assurance that Fremont General
  or its affiliates will be able to enter into any transaction involving its
  residential loan origination platform.

  Additionally, on March 7, 2006, Fremont General announced that it, Fremont and
  Fremont General's wholly owned subsidiary, Fremont General Credit Corporation,
  have consented to the terms of a cease and desist order issued by the Federal
  Deposit Insurance Corporation without admitting to the allegations contained
  therein. The cease and desist order requires, among other things, Fremont to
  cease and desist from the following:

      * Operating with management whose policies and practices are
        detrimental to Fremont;

      * Operating Fremont without effective risk management policies and
        procedures in place in relation to Fremont's brokered subprime
        mortgage lending and commercial real estate construction lending
        businesses;

      * Operating with inadequate underwriting criteria and excessive risk in
        relation to the kind and quality of assets held by Fremont;

      * Operating without an accurate, rigorous and properly documented
        methodology concerning its allowance for loan and lease losses;

      * Operating with a large volume of poor quality loans;

      * Engaging in unsatisfactory lending practices;

      * Operating without an adequate strategic plan in relation to the
        volatility of Fremont's business lines and the kind and quality of
        assets held by Fremont;

      * Operating with inadequate capital in relation to the kind and quality
        of assets held by Fremont;

      * Operating in such a manner as to produce low and unsustainable earnings;

      * Operating with inadequate provisions for liquidity in relation to the
        volatility of Fremont's business lines and the kind and quality of
        assets held by Fremont;

      * Marketing and extending adjustable-rate mortgage products to subprime
        borrowers in an unsafe and unsound manner that greatly increases the
        risk that borrowers will default on the loans or otherwise cause losses
        to Fremont, including (1) adjustable-rate mortgage products that
        qualify borrowers for loans with low initial payments based on an
        introductory rate that will expire after an initial period, without
        adequate analysis of the borrower's ability to repay at the fully
        indexed rate, (2) adjustable-rate mortgage products containing features
        likely to require frequent refinancing to maintain affordable monthly
        payment or to avoid foreclosure, and (3) loans or loan arrangements
        with loan-to-value ratios approaching or exceeding 100 percent of the
        value of the collateral;

      * Making mortgage loans without adequately considering the borrower's
        ability to repay the mortgage according to its terms;

      * Operating in violation of Section 23B of the Federal Reserve Act, in
        that Fremont engaged in transactions with its affiliates on terms and
        under circumstances that in good faith would not be offered to, or
        would not apply to, nonaffiliated companies; and

      * Operating inconsistently with the Federal Deposit Insurance
        Corporation's Interagency Advisory on Mortgage Banking and Interagency
        Expanded Guidance for Subprime Lending Programs.

  The cease and desist order also requires Fremont to take a number of steps,
  including (1) having and retaining qualified management; (2) limiting Fremont
  General's and Fremont General Credit Corporation's representation on Fremont's
  board of directors and requiring that independent directors comprise a
  majority of Fremont's board of directors; (3) revising and implementing
  written lending policies to provide effective guidance and control over
  Fremont's residential lending function; (4) revising and implementing policies
  governing communications with consumers to ensure that borrowers are provided
  with sufficient information; (5) implementing control systems to monitor
  whether Fremont's actual practices are consistent with its policies and
  procedures; (6) implementing a third-party mortgage broker monitoring program
  and plan; (7) developing a five-year strategic plan, including policies and
  procedures for diversifying Fremont's loan portfolio; (8) implementing a
  policy covering Fremont's capital analysis on subprime residential loans; (9)
  performing quarterly valuations and cash flow analyses on Fremont's residual
  interests and mortgage servicing rights from its residential lending
  operation, and obtaining annual independent valuations of such interests and
  rights; (10) limiting extensions of credit to certain commercial real estate
  borrowers; (11) implementing a written lending and collection policy to
  provide effective guidance and control over Fremont's commercial real estate
  lending function, including a planned material reduction in the volume of
  funded and unfunded nonrecourse lending and loans for condominium conversion
  and construction as a percentage of Tier I capital; (12) submitting a capital
  plan that will include a Tier I capital ratio of not less than 14% of
  Fremont's total assets; (13) implementing a written profit plan; (14) limiting
  the payment of cash dividends by Fremont without the prior written consent of
  the Federal Deposit Insurance Corporation and the Commissioner of the
  California Department of Financial Institutions; (15) implementing a written
  liquidity and funds management policy to provide effective guidance and
  control over Fremont's liquidity position and needs; (16) prohibiting the
  receipt, renewal or rollover of brokered deposit accounts without obtaining a
  Brokered Deposit Waiver approved by the Federal Deposit Insurance Corporation;
  (17) reducing adversely classified assets; and (18) implementing a
  comprehensive plan for the methodology for determining the adequacy of the
  allowance for loan and lease losses.

  Further, Fremont General is analyzing, in connection with the preparation of
  Fremont General's consolidated financial statements as of and for the period
  ended December 31, 2006, the Federal Deposit Insurance Corporation's criticism
  with respect to Fremont General's methodology for determining the carrying
  value of Fremont General's residential real estate loans held for sale.

  In addition, on March 5, 2007, Moody's Investors Service, Inc. downgraded
  Fremont's residential primary servicer rating for subprime mortgage loans to
  "SQ4+" from "SQ3+" and placed such rating on review for possible further
  downgrade and on March 6, 2007, Fitch Ratings, Inc. downgraded Fremont's
  residential primary servicer rating for subprime mortgage loans to "RPS4" from
  "RPS3+" and placed such rating on "Watch Negative", indicating that further
  downgrades of such rating are possible.

  Pursuant to a Form 12b-25 filed on May 11, 2007, Fremont General Corporation
  ("Fremont General"), the parent of Fremont Investment & Loan ("Fremont"),
  announced that it was delaying the filing of its Quarterly Report on Form 10-Q
  for the fiscal quarter ended March 31, 2007.


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


            None.

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


     Reports on assessment of compliance with servicing criteria for
     asset-backed securities are attached hereto under Item 15.


    The 1122 statements for Wells Fargo Bank, National Association (Corporate
    Trust Services) has disclosed the following instance of material
    noncompliance with criterion 1122(d)(3)(i) Delinquency Reporting - During
    the reporting period, certain monthly investor or remittance reports
    included errors in the calculation and/or the reporting of delinquencies for
    the pool assets, which errors may or may not have been material. All such
    errors were the result of data processing errors and/or the mistaken
    interpretation of data provided by other parties participating in the
    servicing function. All necessary adjustments to data processing systems
    and/or interpretive clarifications have been made to correct those errors
    and to remedy related procedures.


    On April 2, 2007, the Registrant filed a Form 10-K with the Securities and
    Exchange Commission that omitted the Attestation Report required by
    Regulation AB of Fremont Investment & Loan, the servicer of the mortgage
    loans under the pooling and servicing agreement. Fremont Investment & Loan
    has provided the Registrant with the Attestation Report and such report has
    been included in this Form 10-K/A as Exhibit 34(b).



  Item 1123 of Regulation AB, Servicer Compliance Statement.


            Servicer compliance statements are attached hereto under Item 15.




                                PART IV


  Item 15. Exhibits, Financial Statement Schedules.

   (a) Exhibits

      (4) Pooling and Servicing  Agreement, dated as of April 1, 2006, among
      Financial Asset Securities Corp., Deutsche Bank National Trust Company,
      Wells Fargo Bank, N.A. and Fremont Investment & Loan (incorporated
      herein by reference  from Exhibit 4.1 of the Current Report on Form 8-K
      of the registrant, as filed with the Commission on May 16, 2006 and as
      amended on July 25, 2006).


     (10) Incorporated by reference as Exhibit (4).

     (31) Rule 13a-14(d)/15d-14(d) Certifications.

     (33) Reports on assessment of compliance with servicing criteria for
          asset-backed securities.



      <TABLE>

      
         <c>
      a) Deutsche Bank National Trust Company, as Custodian <F1>
      b) Fremont Investment & Loan, as Servicer <F1>
      c) LandAmerica Tax and Flood Services as Sub-Contractor for Fremont Investment & Loan <F1>
      d) Wells Fargo Bank, N.A., as Master Servicer <F1>
      e) Wells Fargo Bank, N.A., as Trust Administrator <F1>

      </TABLE>

     (34) Attestation reports on assessment of compliance with servicing
          criteria for asset-backed securities.

      <TABLE>

      
        <c>
      a) Deutsche Bank National Trust Company, as Custodian <F1>
      b) Fremont Investment & Loan, as Servicer <F1>
      c) LandAmerica Tax and Flood Services as Sub-Contractor for Fremont Investment & Loan <F1>
      d) Wells Fargo Bank, N.A., as Master Servicer <F1>
      e) Wells Fargo Bank, N.A., as Trust Administrator <F1>

      </TABLE>

     (35) Servicer compliance statement.

      <TABLE>

      
         <c>
      a) Fremont Investment & Loan, as Servicer <F1>
      b) Wells Fargo Bank, N.A., as Master Servicer <F1>
      c) Wells Fargo Bank, N.A., as Trust Administrator <F1>

      </TABLE>

   (b) Not applicable.

   (c) Omitted.


  <F1> Filed herewith.


                                SIGNATURES

  Pursuant to the requirements of Section 13 or 15(d) of the Securities
  Exchange Act of 1934, the registrant has duly caused this report to be
  signed on its behalf by the undersigned, thereunto duly authorized.



    Fremont Home Loan Trust 2006-2
    (Issuing Entity)

    Financial Asset Securities Corp.
    (Depositor)

  /s/ John Anderson
    John Anderson
   Senior Officer in Charge of Securitization of the Depositor

    Date:      November 27, 2007


  Exhibit Index

  Exhibit No.

      (4) Pooling and Servicing  Agreement, dated as of April 1, 2006, among
      Financial Asset Securities Corp., Deutsche Bank National Trust Company,
      Wells Fargo Bank, N.A. and Fremont Investment & Loan (incorporated
      herein by reference  from Exhibit 4.1 of the Current Report on Form 8-K
      of the registrant, as filed with the Commission on May 16, 2006 and as
      amended on July 25, 2006).


     (10) Incorporated by reference as Exhibit (4).

     (31) Rule 13a-14(d)/15d-14(d) Certifications.

     (33) Reports on assessment of compliance with servicing criteria for
          asset-backed securities.



      <TABLE>

      
         <c>
      a) Deutsche Bank National Trust Company, as Custodian
      b) Fremont Investment & Loan, as Servicer
      c) LandAmerica Tax and Flood Services as Sub-Contractor for Fremont Investment & Loan
      d) Wells Fargo Bank, N.A., as Master Servicer
      e) Wells Fargo Bank, N.A., as Trust Administrator

      </TABLE>

     (34) Attestation reports on assessment of compliance with servicing
          criteria for asset-backed securities.

      <TABLE>

      
        <c>
      a) Deutsche Bank National Trust Company, as Custodian
      b) Fremont Investment & Loan, as Servicer
      c) LandAmerica Tax and Flood Services as Sub-Contractor for Fremont Investment & Loan
      d) Wells Fargo Bank, N.A., as Master Servicer
      e) Wells Fargo Bank, N.A., as Trust Administrator

      </TABLE>

     (35) Servicer compliance statement.

      <TABLE>

      
         <c>
      a) Fremont Investment & Loan, as Servicer
      b) Wells Fargo Bank, N.A., as Master Servicer
      c) Wells Fargo Bank, N.A., as Trust Administrator

      </TABLE>