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



                                          FORM 10-K/A


  (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:  333-130373-03

       MASTR Asset Backed Securities Trust 2006-FRE2
       (exact name of issuing entity as specified in its charter)

       Mortgage Asset Securitization Transactions, Inc. (depositor)
       (exact name of the registrant as specified in its charter)

       UBS Real Estate Securities Inc.
       (exact name of the sponsor as specified in its charter)


 Delaware                                          06-1204982
  (State or other jurisdiction of                   (I.R.S. Employer
  incorporation or organization)                    Identification No.)



   1285 Avenue of the Americas
   New York, NY                                10019
  (Address of principal executive offices)    (Zip Code)


  Registrant's telephone number, including area code: (212) 713-2000


  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.

        Not applicable.


  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.

            Not Applicable.


  Item 1A.  Risk Factors.

            Not Applicable.


  Item 1B.  Unresolved Staff Comments.

            None.


  Item 2.  Properties.

            Not Applicable.


  Item 3.  Legal Proceedings.

            Not Applicable.


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

            Not Applicable.




                                PART II

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

            Not Applicable.


  Item 6.  Selected Financial Data.

            Not Applicable.


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

            Not Applicable.


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

            Not Applicable.


  Item 8.  Financial Statements and Supplementary Data.

            Not Applicable.


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

            Not Applicable.


  Item 9A. Controls and Procedures.

             Not Applicable.


  Item 9A(T). Controls and Procedures.

            Not Applicable.


  Item 9B. Other Information.

            None.




                                PART III

  Item 10. Directors, Executive Officers and Corporate Governance.

            Not Applicable.


  Item 11. Executive Compensation.

            Not Applicable.


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

             Not Applicable.


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

            Not Applicable.


  Item 14. Principal Accounting Fees and Services.

            Not Applicable.





        ADDITIONAL DISCLOSURE ITEMS PURSUANT TO GENERAL INSTRUCTION J


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

            None.


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

             None.


Item 1115(b) of Regulation AB, Certain Derivatives Instruments.

Bear Stearns Financial Products Inc. provides an Interest Rate Swap derivative
instrument for the trust as disclosed in the 424 Prospectus. No additional
disclosure is necessary because the significance percentage for the interest
rate swap is less than 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.

         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.


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


The information regarding this Item has been previously filed in a 424(b)(5)
filing dated May 30, 2006.


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

            Reports on assessment of compliance with the servicing criteria
            for asset-backed securities and the related attestation reports
            on such assessments of compliance are attached hereto under
            Item 15.

            The following parties have reported one or more instances of
            material noncompliance with applicable servicing criteria in their
            reports on assessment of compliance:

            The 1122 statements for Wells Fargo Bank, N.A. (servicer) in
            Exhibit B to the Assessment of Compliance (Exhibit 33(c)) has
            disclosed the following instances of material noncompliance with
            certain servicing criteria applicable to the Company during the year
            ended December 31, 2006 and the steps taken to correct the
            non-compliance issues:


   1122(d)(3)(i) - Delinquency Reporting - For certain loans sub-serviced by
   Wells Fargo or for which servicing rights were acquired on a bulk-acquisition
   basis, Wells Fargo determined that it provided incomplete data to some third
   parties who use such data to calculate delinquency ratios and determine the
   status of loans with respect to bankruptcy, foreclosure or real estate owned.
   The incomplete reporting only affected securitizations that included
   delinquent loans. Instead of the actual due date being provided for use in
   calculating delinquencies, the date of the first payment due to the security
   was provided. Wells Fargo subsequently included additional data in the
   monthly remittance reports, providing the actual borrower due date and unpaid
   principal balance, together with instructions to use these new fields if such
   monthly remittance reports are used to calculate delinquency ratios.

2. 1122(d)(4)(vii) - Notification of Intent to Foreclose  - Wells Fargo
   determined that, as required by certain servicing agreements, it did not
   provide investors with prior notification of intent to foreclose. While
   investors received monthly delinquency status reports that listed loans in
   foreclosure, such reports were received after such loans had been referred to
   an attorney. A new process is being implemented to send such notifications
   if contractually required, unless an investor opts out in writing.

Since the date of the Assessment of Compliance, Wells Fargo has implemented
a process for tracking contract language and investor preference, on a
transaction level, with respect to the provisions of prior notice of intent to
foreclosure.

The 1122 statements for Wells Fargo Bank, N.A. (master servicer and trust
administrator) in Exhibit B to the Assessment of Compliance (Exhibits 33(d)
and 33(e)) has disclosed the following instance of material noncompliance with
certain criteria applicable to the Company during the year ended December 31,
2006 and the steps taken to correct the non-compliance issue:

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.

Since the date of the Assessment of Compliance, Wells Fargo, in its capacity as
master servicer and trust administrator, has implemented a process to better
identify and mitigate mortgage loan delinquencies on a transaction level.



  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)   The Pooling and Servicing Agreement dated as of May 1, 2006 among
         Mortgage Asset Securitization Transactions, Inc., as depositor, Wells
         Fargo Bank, N.A., as servicer, Wells Fargo Bank, N.A., as master
         servicer and trust administrator and U.S. Bank National Association,
         as trustee and custodian (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 June 16, 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) Regulus Group LLC as Sub-Contractor for Wells Fargo Bank, N.A. <F1>
      b) U.S. Bank, National Association, as Custodian <F1>
      c) Wells Fargo Bank, N.A., as Servicer <F1>
      d) Wells Fargo Bank, N.A., as Master Servicer <F1>
      e) Wells Fargo Bank, N.A., as Trust Administrator <F1>
      f) ZC Sterling Insurance Agency, Inc. as Sub-Contractor for Wells Fargo Bank, N.A. <F1>

      </TABLE>

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

      <TABLE>

      
        <c>
      a) Regulus Group LLC as Sub-Contractor for Wells Fargo Bank, N.A. <F1>
      b) U.S. Bank, National Association, as Custodian <F1>
      c) Wells Fargo Bank, N.A., as Servicer <F1>
      d) Wells Fargo Bank, N.A., as Master Servicer <F1>
      e) Wells Fargo Bank, N.A., as Trust Administrator <F1>
      f) ZC Sterling Insurance Agency, Inc. as Sub-Contractor for Wells Fargo Bank, N.A. <F1>

      </TABLE>

     (35) Servicer compliance statement.

      <TABLE>

      
         <c>
      a) Wells Fargo Bank, N.A., 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) Exhibits identified in paragraph (a) above.

   (c) Not applicable.


  <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.



    MASTR Asset Backed Securities Trust 2006-FRE2
    (Issuing Entity)

    Wells Fargo Bank, N.A.
    (Master Servicer)

    /s/ Brett Handelman
    Brett Handelman, Vice President
   senior officer in charge of the servicing function of the master servicer

    Date: September 18, 2007






  Exhibit Index

  Exhibit No.

   (4)   The Pooling and Servicing Agreement dated as of May 1, 2006 among
         Mortgage Asset Securitization Transactions, Inc., as depositor, Wells
         Fargo Bank, N.A., as servicer, Wells Fargo Bank, N.A., as master
         servicer and trust administrator and U.S. Bank National Association,
         as trustee and custodian (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 June 16, 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) Regulus Group LLC as Sub-Contractor for Wells Fargo Bank, N.A.
      b) U.S. Bank, National Association, as Custodian
      c) Wells Fargo Bank, N.A., as Servicer
      d) Wells Fargo Bank, N.A., as Master Servicer
      e) Wells Fargo Bank, N.A., as Trust Administrator
      f) ZC Sterling Insurance Agency, Inc. as Sub-Contractor for Wells Fargo Bank, N.A.

      </TABLE>

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

      <TABLE>

      
        <c>
      a) Regulus Group LLC as Sub-Contractor for Wells Fargo Bank, N.A.
      b) U.S. Bank, National Association, as Custodian
      c) Wells Fargo Bank, N.A., as Servicer
      d) Wells Fargo Bank, N.A., as Master Servicer
      e) Wells Fargo Bank, N.A., as Trust Administrator
      f) ZC Sterling Insurance Agency, Inc. as Sub-Contractor for Wells Fargo Bank, N.A.

      </TABLE>

     (35) Servicer compliance statement.

      <TABLE>

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

      </TABLE>