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|   | 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 | (Do      not check if a smaller reporting company) | Smaller      reporting company   |   o |

Form 10-Q QuarterlyReport filed by XL Capital Ltd. on March 26, 2008 incorporated byreference. 

| Exhibit      Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1                 | The      Underwriting Agreement, dated as of April 13, 2006 between Bear, Stearns      & Co., Inc. as Underwriter and Bear Stearns Asset Backed Securities I      LLC as Depositor and the related Terms Agreement to the Underwriting      Agreement, dated as of March 5, 2007, between Bear, Stearns & Co.,      Inc. as Underwriter and Bear Stearns Asset Backed Securities I LLC as      Depositor (As previously filed on Form 8-K filed on March 21, 2007      and  hereby incorporated by reference into this report on Form      10-K) |
| 1.2                 | Amended      and Restated Trust Agreement, dated as of March 6, 2007, among Bear      Stearns Asset Backed Securities I LLC, as Depositor, Wilmington Trust      Company, as Owner Trustee and LaSalle Bank National Association, as      Securities Administrator (As previously filed on Form 8-K filed on March      21, 2007 and  hereby incorporated by reference into this report      on Form 10-K)                                                                                                                                               |
| 4.1                 | Indenture,      dated as of March 6, 2007, among Greenpoint Mortgage Funding Trust      2007-HE1, as Issuing Entity, LaSalle Bank National Association, as      Securities Administrator and Citibank, N.A., as Indenture Trustee (As      previously filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form 10-K) (As previously      filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                         |
| 10.1                | Mortgage      Loan Purchase Agreement, dated as of March 6, 2007, as amended and      supplemented by any and all amendments hereto, by and between EMC Mortgage      Corporation, and Bear Stearns Asset Backed Securities I LLC (As previously      filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form    10-K)                                                                                                                                                                             |
| 10.2                | Seller’s      Purchase, Warranties and Servicing Agreement, dated as October 18,      2004  and  executed between EMC Mortgage Corporation,      as purchaser and Greenpoint Mortgage Funding, Inc., as seller and as      servicer (As previously filed on Form 8-K filed on March 21, 2007      and  hereby incorporated by reference into this report on Form      10-K)                                                                                                                                                    |
| 10.3                | Amendment      No. One to made and entered into this 20th of September, 2006, by and      between EMC Mortgage Corporation, a Delaware corporation, as purchaser and      GreenPoint Mortgage Funding, Inc., as seller and servicer in connection      with the Seller’s Purchase, Warranties and Servicing Agreement, dated as      of October 18, 2004, between the above mentioned parties (As previously      filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form    10-K)           |
| 10.4                | Form      Assignment, Assumption and Recognition Agreement made as of March 6, 2007,      among EMC Mortgage Corporation, Citibank, N.A. (the “Assignee”), not      individually but solely as indenture trustee and GreenPoint Mortgage      Funding, Inc. (As previously filed on Form 8-K filed on March 21, 2007      and  hereby incorporated by reference into this report on Form      10-K)                                                                                                                                          |
| 31                  | Sarbanes-Oxley      Certification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 33(a)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                                       |
| 33(b)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, GreenPoint Mortgage Funding, Inc., as  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 33(c)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Securities Administrator      and Custodian                                                                                                                                                                                                                                                                                                                                                                                |
| 33(d)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Assurant,      Inc. as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                            |
| 33(e)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Land      America Tax and Flood Services, Inc., as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                           |
| 34(a)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                           |
| 34(b)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, GreenPoint Mortgage Funding, Inc., as      Servicer                                                                                                                                                                                                                                                                                                                                                                                                  |
| 34(c)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as Securities      Administrator and Custodian                                                                                                                                                                                                                                                                                                                                                                    |
| 34(d)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant, Inc. as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                                |
| 34(e)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Land America Tax and Flood Services, Inc., as      servicing function participant                                                                                                                                                                                                                                                                                                                                                                    |
| 35(a)               | Servicer      compliance statement, LaSalle Bank National Association, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 35(b)               | Servicer      compliance statement, GreenPoint Mortgage Funding, Inc., as      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 35(c)               | Servicer      compliance statement, LaSalle Bank National Association, as Securities      Administrator                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 99.1                | Sale      and Servicing Agreement, dated as of March 6, 2007, among Bear Stearns      Asset Backed Securities I LLC, as Depositor, Greenpoint Mortgage Funding      Trust 2007-HE1, as Issuing Entity, Citibank, N.A., as Indenture Trustee,      LaSalle Bank National Association, as Master Servicer and Securities      Administrator and EMC Mortgage Corporation as Sponosor and Company (As      previously filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form      10-K)              |
| 99.2                | Administration      Agreement, dated as of March 6, 2007, among Greenpoint Mortgage Funding      Trust 2007-HE1, as Issuing Entity, LaSalle Bank National Association, as      Securities Administrator, Wilmington Trust Company, as Owner Trustee and      Bear Stearns Asset Backed Securities I LLC, as Depositor (As previously      filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                                                                                       |
| 99.3                | The      Annual Report on Form 10-K and Quarterly Report on Form 10-Q of the      Company and its subsidiaries, which have been filed with the Securities      and Exchange Commission (the "Commission") by the Company (Commission File      No.  001-10804), are hereby incorporated by  reference.                                                                                                                                                                                                                                                        |

| (b)      The exhibits required to be filed by Registrant pursuant to Item 601 of      Regulation S-K:                     |
|---------------------------------------------------------------------------------------------------------------------------|
|  (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 |
| 2.                                                                                                                        | GreenPoint      Mortgage Funding, Inc., as Servicer |
| 3.                                                                                                                        | LaSalle Bank National      Association, as Securities Administrator and Custodian |
| 4.                                                                                                                        | Assurant, Inc. as servicing function participan |
| 5.                                                                                                                        | Land America Tax and Flood Services, Inc., as servicing function      participant |
|  (34)      Attestation reports on assessment of compliance with servicing criteria      for asset-backed securities: |
| 1.                                                                                                                        | LaSalle      Bank National Association, as Master Servicer |
| 2.                                                                                                                        | GreenPoint      Mortgage Funding, Inc., as Servicer |
| 3.                                                                                                                        | LaSalle Bank National      Association, as Securities Administrator and Custodian |
| 4.                                                                                                                        | Assurant, Inc. as servicing function      participan |
| 5.                                                                                                                        | Land America Tax and Flood Services, Inc.,      as servicing function participant |
|  (35)      Servicer Compliance Statements:                                                                           |
| 1.                                                                                                                        | LaSalle      Bank National Association, as Master Servicer |
| 2.                                                                                                                        | Greenpoint      Mortgage Funding, Inc., as Servicer |
| 3.                                                                                                                        | LaSalle      Bank National Association, as SecuritiesAdministrator |

----

----

|                      | LaSalle      Bank National Association , as Master Servicer                        |
|---------------------------|-----------------------------------------------------------------------------------------|
|                      |                                                                                    |
|  March      28, 2008 | /s/ Tammy Spriggs                                                                       |
|                      | Name:      Tammy Spriggs                                                                |
|                      | Title: First      Vice President                                                   |
|                      | The      Senior Officer in Charge of the Servicing Function of the Master      Servicer |

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| Exhibit      Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1                 | The      Underwriting Agreement, dated as of April 13, 2006 between Bear, Stearns      & Co., Inc. as Underwriter and Bear Stearns Asset Backed Securities I      LLC as Depositor and the related Terms Agreement to the Underwriting      Agreement, dated as of March 5, 2007, between Bear, Stearns & Co.,      Inc. as Underwriter and Bear Stearns Asset Backed Securities I LLC as      Depositor (As previously filed on Form 8-K filed on March 21, 2007      and  hereby incorporated by reference into this report on Form      10-K) |
| 1.2                 | Amended      and Restated Trust Agreement, dated as of March 6, 2007, among Bear      Stearns Asset Backed Securities I LLC, as Depositor, Wilmington Trust      Company, as Owner Trustee and LaSalle Bank National Association, as      Securities Administrator (As previously filed on Form 8-K filed on March      21, 2007 and  hereby incorporated by reference into this report      on Form 10-K)                                                                                                                                               |
| 4.1                 | Indenture,      dated as of March 6, 2007, among Greenpoint Mortgage Funding Trust      2007-HE1, as Issuing Entity, LaSalle Bank National Association, as      Securities Administrator and Citibank, N.A., as Indenture Trustee (As      previously filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form 10-K) (As previously      filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                         |
| 10.1                | Mortgage      Loan Purchase Agreement, dated as of March 6, 2007, as amended and      supplemented by any and all amendments hereto, by and between EMC Mortgage      Corporation, and Bear Stearns Asset Backed Securities I LLC (As previously      filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form    10-K)                                                                                                                                                                             |
| 10.2                | Seller’s      Purchase, Warranties and Servicing Agreement, dated as October 18,      2004  and  executed between EMC Mortgage Corporation,      as purchaser and Greenpoint Mortgage Funding, Inc., as seller and as      servicer (As previously filed on Form 8-K filed on March 21, 2007      and  hereby incorporated by reference into this report on Form      10-K)                                                                                                                                                    |
| 10.3                | Amendment      No. One to made and entered into this 20th of September, 2006, by and      between EMC Mortgage Corporation, a Delaware corporation, as purchaser and      GreenPoint Mortgage Funding, Inc., as seller and servicer in connection      with the Seller’s Purchase, Warranties and Servicing Agreement, dated as      of October 18, 2004, between the above mentioned parties (As previously      filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form    10-K)           |
| 10.4                | Form      Assignment, Assumption and Recognition Agreement made as of March 6, 2007,      among EMC Mortgage Corporation, Citibank, N.A. (the “Assignee”), not      individually but solely as indenture trustee and GreenPoint Mortgage      Funding, Inc. (As previously filed on Form 8-K filed on March 21, 2007      and  hereby incorporated by reference into this report on Form      10-K)                                                                                                                                          |
| 31                  | Sarbanes-Oxley      Certification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 33(a)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                                       |
| 33(b)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, GreenPoint Mortgage Funding, Inc., as  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 33(c)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Securities Administrator      and Custodian                                                                                                                                                                                                                                                                                                                                                                                |
| 33(d)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Assurant,      Inc. as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                            |
| 33(e)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Land      America Tax and Flood Services, Inc., as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                           |
| 34(a)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                           |
| 34(b)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, GreenPoint Mortgage Funding, Inc., as      Servicer                                                                                                                                                                                                                                                                                                                                                                                                  |
| 34(c)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as Securities      Administrator and Custodian                                                                                                                                                                                                                                                                                                                                                                    |
| 34(d)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant, Inc. as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                                |
| 34(e)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Land America Tax and Flood Services, Inc., as      servicing function participant                                                                                                                                                                                                                                                                                                                                                                    |
| 35(a)               | Servicer      compliance statement, LaSalle Bank National Association, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 35(b)               | Servicer      compliance statement, GreenPoint Mortgage Funding, Inc., as      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 35(c)               | Servicer      compliance statement, LaSalle Bank National Association, as Securities      Administrator                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 99.1                | Sale      and Servicing Agreement, dated as of March 6, 2007, among Bear Stearns      Asset Backed Securities I LLC, as Depositor, Greenpoint Mortgage Funding      Trust 2007-HE1, as Issuing Entity, Citibank, N.A., as Indenture Trustee,      LaSalle Bank National Association, as Master Servicer and Securities      Administrator and EMC Mortgage Corporation as Sponosor and Company (As      previously filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form      10-K)              |
| 99.2                | Administration      Agreement, dated as of March 6, 2007, among Greenpoint Mortgage Funding      Trust 2007-HE1, as Issuing Entity, LaSalle Bank National Association, as      Securities Administrator, Wilmington Trust Company, as Owner Trustee and      Bear Stearns Asset Backed Securities I LLC, as Depositor (As previously      filed on Form 8-K filed on March 21, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                                                                                       |
| 99.3                | The      Annual Report on Form 10-K and Quarterly Report on Form 10-Q of the      Company and its subsidiaries, which have been filed with the Securities      and Exchange Commission (the "Commission") by the Company (Commission File      No.  001-10804), are hereby incorporated by  reference.                                                                                                                                                                                                                                                        |

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