----

|   | 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 |

| Exhibit      Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1                 | The      Underwriting Agreement, dated 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, dated as of February 14,      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 15, 2007 and Form 8-K/A filed March 28,      2007  and  hereby incorporated by reference into this      report on Form 10-K) |
| 4.1                 | Pooling      and Servicing Agreement, dated as of February 1, 2007, among Bear Stearns      Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation, as      seller and as master servicer, and LaSalle Bank National Association, as      trustee (As previously filed on Form 8-K filed on March 15, 2007and Form      8-K/A filed March 28, 2007 and hereby incorporated by reference      into this report on Form 10-K)                                                                                                                                 |
| 10.1                | Mortgage      Loan Purchase Agreement, dated as of February 28, 2007 by and among EMC      Mortgage Corporation, Master Funding LLC, and Bear Stearns Asset Backed      Securities I LLC (As previously filed on Form 8-K filed on March 15,      2007and Form 8-K/A filed March 28, 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, EMC Mortgage Corporation, as MasterServicer                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(b)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Trustee and      Custodian                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 33(c)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Assurant,      Inc. as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 33(d)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, FIS      Tax Services, 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, EMC Mortgage Corporation, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 34(b)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as Trustee and      Custodian                                                                                                                                                                                                                                                                                                                                                                                                       |
| 34(c)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant,      Inc. as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 34(d)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, FIS      Tax Services, 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, EMC Mortgage Corporation, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 35(b)               | Servicer      compliance statement, LaSalle Bank National Association, as      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.1                | Amended      and Restated Guaranty Agreement of JPMorgan Chase & Co. effective as      of March 16, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 99.2                | Custodial      Agreement, dated as of February 28, 2007, by and among LaSalle Bank      National Association, not individually but solely as trustee and as      custodian, Bear Stearns Asset Backed I LLC, as depositor, EMC Mortgage      Corporation, as a seller and as master servicer and Master Funding LLC, as      a seller (As previously filed on Form 8-K filed on March 15, 2007and Form      8-K/A filed March 28, 2007  and  hereby incorporated      by reference into this report on Form 10-K)                                                |
| 99.3                | Swap      Agreement between Bear Stearns Financial Products Inc. and LaSalle Bank      National Association, not individually but solely as Supplemental Interest      Trust Trustee (As previously filed on Form 8-K filed on March 15, 2007and      Form 8-K/A filed March 28, 2007  and  hereby      incorporated by reference into this report on Form      10-K)                                                                                                                                                                                            |

| (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.                                                                                                                        | EMC      Mortgage Corporation, as Master Servicer                                                            |   |   |
| 2.                                                                                                                        | LaSalle      Bank National Association, as Trustee and Custodian                                             |   |   |
| 3.                                                                                                                        | Assurant,      Inc. as servicing function participant                                                        |   |   |
| 4.                                                                                                                        | FIS      Tax Services, as servicing function participant                                                     |   |   |
| 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.                                                                                                                        | EMC      Mortgage Corporation, as Master Servicer                                                            |
| 2.                                                                                                                        | LaSalle      Bank National Association, as Trustee and Custodian                                             |
| 3.                                                                                                                        | Assurant,      Inc. as servicing function participant                                                        |
| 4.                                                                                                                        | FIS      Tax Services, as servicing function participant                                                     |
| 5.                                                                                                                        | Land      America Tax and Flood Services, Inc., as servicing function      participant                       |
| (35)      Servicer Compliance Statements:                                                                                 |
| 1.                                                                                                                        | EMC      Mortgage Corporation, as Master Servicer                                                            |
| 2.                                                                                                                        | LaSalle      Bank National Association, as Trustee                                                           |
| (99)      Other Exhibits                                                                                                  |
| 1.                                                                                                                        | Amended      and Restated Guaranty Agreement of JPMorgan Chase & Co. effective as      of March 16, 2008 |

----

----

|                      | EMC      Mortgage Corporation, as Master Servicer                                       |
|---------------------------|-----------------------------------------------------------------------------------------|
|                      |                                                                                    |
|  March      31, 2008 | /s/      Jenna      L. Kemp                                                             |
|                      | Name:      Jenna L. Kemp                                                                |
|                      | Title:        Executive Vice President                                        |
|                      | The      Senior Officer in Charge of the Servicing Function of the Master      Servicer |

----

----

| Exhibit      Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1                 | The      Underwriting Agreement, dated 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, dated as of February 14,      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 15, 2007 and Form 8-K/A filed March 28,      2007  and  hereby incorporated by reference into this      report on Form 10-K) |
| 4.1                 | Pooling      and Servicing Agreement, dated as of February 1, 2007, among Bear Stearns      Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation, as      seller and as master servicer, and LaSalle Bank National Association, as      trustee (As previously filed on Form 8-K filed on March 15, 2007and Form      8-K/A filed March 28, 2007 and hereby incorporated by reference      into this report on Form 10-K)                                                                                                                                 |
| 10.1                | Mortgage      Loan Purchase Agreement, dated as of February 28, 2007 by and among EMC      Mortgage Corporation, Master Funding LLC, and Bear Stearns Asset Backed      Securities I LLC (As previously filed on Form 8-K filed on March 15,      2007and Form 8-K/A filed March 28, 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, EMC Mortgage Corporation, as MasterServicer                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(b)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as Trustee and      Custodian                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 33(c)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Assurant,      Inc. as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 33(d)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, FIS      Tax Services, 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, EMC Mortgage Corporation, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 34(b)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as Trustee and      Custodian                                                                                                                                                                                                                                                                                                                                                                                                       |
| 34(c)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant,      Inc. as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 34(d)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, FIS      Tax Services, 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, EMC Mortgage Corporation, as Master      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 35(b)               | Servicer      compliance statement, LaSalle Bank National Association, as      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.1                | Amended      and Restated Guaranty Agreement of JPMorgan Chase & Co. effective as      of March 16, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 99.2                | Custodial      Agreement, dated as of February 28, 2007, by and among LaSalle Bank      National Association, not individually but solely as trustee and as      custodian, Bear Stearns Asset Backed I LLC, as depositor, EMC Mortgage      Corporation, as a seller and as master servicer and Master Funding LLC, as      a seller (As previously filed on Form 8-K filed on March 15, 2007and Form      8-K/A filed March 28, 2007  and  hereby incorporated      by reference into this report on Form 10-K)                                                |
| 99.3                | Swap      Agreement between Bear Stearns Financial Products Inc. and LaSalle Bank      National Association, not individually but solely as Supplemental Interest      Trust Trustee (As previously filed on Form 8-K filed on March 15, 2007and      Form 8-K/A filed March 28, 2007  and  hereby      incorporated by reference into this report on Form      10-K)                                                                                                                                                                                            |

----