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

                                  FORM 10-K/A
                               (Amendment No. 1)


  (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, 2007

      OR


  / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
      For the transition period from ____________ to ____________



      Commission file number: 333-139507-01

      Carrington Mortgage Loan Trust, Series 2007-FRE1
      (exact name of issuing entity as specified in its charter)

      Stanwich Asset Acceptance Company, L.L.C.
      (exact name of the depositor as specified in its charter)

      Carrington Securities, LP
      (exact name of the sponsor as specified in its charter)



  New York                                54-2199607
  (State or other jurisdiction of         54-2199608
  incorporation or organization)          (I.R.S. Employer
                                          Identification No.)


   c/o Wells Fargo Bank, N.A.
   9062 Old Annapolis Road
   Columbia, MD                                 21045
  (Address of principal executive               (Zip Code)
  offices)


 Telephone number, including area code: (410) 884-2000




  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



  Note - Checking the box above will not relieve any registrant required to
  file reports pursuant to Section 13 or 15(d) of the Exchange Act from their
  obligations under those Sections.


  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 (Section 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, a non-accelerated filer, or a smaller reporting
  company.  See the definitions of "large accelerated filer", "accelerated
  filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

   Large accelerated filer ___
   Accelerated filer ___
   Non-accelerated filer X (Do not check if a smaller reporting company)
   Smaller reporting company ___

  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 the latest practicable date.

    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.


                               EXPLANATORY NOTE

This Form 10-K/A contains additional disclosure relating to Fremont Investment
& Loan under "Supervisory Prompt Corrective Action Directive" under Item 1117.

This Form 10-K/A does not otherwise amend the original Form 10-K filed with the
Commission March 31, 2008.



                                     PART I

  Item 1.      Business.

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 1A.     Risk Factors.

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 1B.     Unresolved Staff Comments.

               None.


  Item 2.      Properties.

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 3.      Legal Proceedings.

               Omitted in accordance with General Instruction J to Form 10-K.


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

               Omitted in accordance with General Instruction J to Form 10-K.




                                     PART II

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

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 6.      Selected Financial Data.

               Omitted in accordance with General Instruction J to Form 10-K.


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

               Omitted in accordance with General Instruction J to Form 10-K.


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

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 8.      Financial Statements and Supplementary Data.

               Omitted in accordance with General Instruction J to Form 10-K.


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

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 9A.     Controls and Procedures.

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 9A(T).  Controls and Procedures.

               Not applicable.


  Item 9B.     Other Information.

               None.




                                    PART III

  Item 10.     Directors, Executive Officers and Corporate Governance.

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 11.     Executive Compensation.

               Omitted in accordance with General Instruction J to Form 10-K.


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

               Omitted in accordance with General Instruction J to Form 10-K.


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

               Omitted in accordance with General Instruction J to Form 10-K.


  Item 14.     Principal Accounting Fees and Services.

               Omitted in accordance with General Instruction J to Form 10-K.




  ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB


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

No single obligor represents 10% or more of the pool assets held by the issuing
entity.



Item 1114(b)(2) of Regulation AB, Credit Enhancement and Other Support, Except
for Certain Derivatives Instruments (Financial Information).

No entity or group of affiliated entities provides any external credit
enhancement or other support for the certificates within this transaction as
described under Item 1114 (a) of Regulation AB.



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

Based on the standards set forth in Item 1115(b) of Regulation AB, no
information is required in response to this Item.



Item 1117 of Regulation AB, Legal Proceedings.

The Registrant knows of no material pending proceedings against the Sponsor,
the Depositor, the Issuing Entity, Wells Fargo Bank, N.A., as Trustee, or of
which any property of the foregoing is the subject.

Legal Proceedings Relating to Fremont Investment & Loan

Fremont General Corporation reported that it and certain of its subsidiaries
(including Fremont Investment & Loan) entered into a voluntary agreement, to be
designated as a cease and desist order, with respect to the mortgage loan
origination and sale practices of Fremont General Corporation and such
subsidiaries. In addition, Fremont General Corporation reported that the
Massachusetts attorney general filed a lawsuit against Fremont General
Corporation alleging that Fremont General Corporation engaged in unfair or
deceptive practices in connection with origination and servicing of residential
mortgage loans. It is possible in the future that the Federal Deposit Insurance
Commission or other governmental authorities or attorneys general may take
other actions against Fremont Investment & Loan that could prohibit Fremont
Investment & Loan and any successor servicer from pursuing foreclosure actions,
or otherwise limit the ability of Fremont Investment & Loan or any successor
servicer to take actions (such as pursuing foreclosures) that may be essential
to preserve the value of the mortgage loans on behalf of the issuing entity.
Any such limitations could adversely affect the issuing entity's ability to
realize on the mortgage loans.

Pursuant to a Form 8-K filed on March 8, 2007 (the "March 8th Announcement"),
Fremont General announced that it, Fremont and Fremont General's wholly owned
subsidiary, Fremont General Credit Corporation, entered into a voluntary formal
agreement, to be designated as a cease and desist order, with the Federal
Deposit Insurance Corporation. According to the announcement, 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.

According to the March 8th Announcement, Fremont General stated that 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
non-recourse 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.

Pursuant to a Form 8-K filed on October 5, 2007 (the "October 5th
Announcement"), Fremont General announced that the Massachusetts attorney
general filed a lawsuit against Fremont General Corporation alleging that
Fremont General engaged in unfair or deceptive practices in connection with
origination and servicing of residential mortgage loans. According to a press
release issued by Office of the Attorney General for Massachusetts on
October 5, 2007 (the "Massachusetts Announcement"), the Attorney General's
Office is seeking civil penalties, restitution and an injunction, which would
prohibit Fremont General from selling or transferring any Massachusetts
mortgages and from foreclosing on any Massachusetts loan without giving the
Attorney General's Office a 90-day opportunity to review the loan transaction
and object to the foreclosure.

On October 23, 2007, Morgan Stanley Mortgage Capital Holdings LLC filed a
lawsuit in the United States District Court for the Southern District of New
York against Fremont Investment & Loan alleging breaches with respect to
residential mortgage loans it sold to Morgan Stanley between May 1, 2005 and
December 28, 2006. The complaint alleges damages of at least $10 million. The
case is in its very early stages and Fremont cannot predict the outcome or
effect it will have on its financial condition. However, Fremont believes the
lawsuit is without merit and will vigorously defend against it.

Supervisory Prompt Corrective Action Directive

On March 28, 2008, Fremont General Corporation doing business primarily through
its wholly-owned bank subsidiary, Fremont Investment & Loan, announced in a
press release that on March 26, 2008, the Federal Deposit Insurance Corporation
("FDIC"), with the concurrence of the California Department of Financial
Institutions, issued a Supervisory Prompt Corrective Action Directive
("Directive") to Fremont Investment & Loan, to Fremont General Corporation and
to Fremont General Credit Corporation ("FGCC"), Fremont General Corporation's
wholly-owned subsidiary and direct parent to Fremont Investment & Loan. The
Directive requires Fremont Investment & Loan, Fremont General Corporation and
FGCC to take one or more of the following actions to recapitalize Fremont
Investment & Loan within 60 days, or by May 26, 2008:

* Fremont Investment & Loan shall sell enough voting shares or obligations of
Fremont Investment & Loan so that Fremont Investment & Loan will be "adequately
capitalized," as defined under the Federal Deposit Insurance Act and the
related FDIC regulations, after the sale; and/or

* Fremont Investment & Loan shall accept an offer to be acquired by a
depository institution holding company or combine with another insured
depository institution; and

* Fremont General Corporation and FGCC shall divest themselves of Fremont
Investment & Loan.

In the Directive, the FDIC has categorized Fremont Investment & Loan as being
an "undercapitalized" depository institution, as defined under the Federal
Deposit Insurance Act and FDIC rules and regulations.

The Directive also sets forth certain limitations and restrictions on Fremont
Investment & Loan and its business. The Directive restricts the interest rates
that Fremont Investment & Loan may pay on deposits to prevailing rates paid on
deposits of comparable amounts and maturities paid by other FDIC insured
depository institutions in the State of California. In addition, Fremont
Investment & Loan is not permitted to make any capital distributions to Fremont
General Corporation, FGCC or any affiliate of Fremont Investment & Loan, or to
pay bonuses or increase the compensation of any director or officer of Fremont
Investment & Loan. The Directive further restricts transactions between Fremont
Investment & Loan and its affiliates.

As previously announced in Fremont General Corporation's press release of
February 28, 2008, Fremont General Corporation and Fremont Investment & Loan
have hired the investment banking firms of Credit Suisse Securities (USA), LLC
and Sandler O'Neill & Partners, LP to develop and implement strategic
initiatives in an attempt to raise additional capital, as well as explore the
possible sale or merger of Fremont General Corporation and/or Fremont
Investment & Loan or the sale of assets. There is no assurance that Fremont
General Corporation and Fremont Investment & Loan will be successful in any of
their efforts to develop and implement such a strategy to comply with the
Directive or to otherwise address the capital needs of Fremont General
Corporation and/or Fremont Investment & Loan.


Legal Proceedings Relating to EMC Mortgage Corporation

FTC Investigation

EMC Mortgage Corporation (EMC) has received a civil investigative demand (CID),
from the Federal Trade Commission (FTC), seeking documents and data relating to
the EMC's business and servicing practices. The CID was issued pursuant to a
December 8, 2005 resolution of the FTC authorizing non-public investigations of
various unnamed subprime lenders, loan servicers and loan brokers to determine
whether there have been violations of certain consumer protections laws. EMC is
cooperating with the FTC's inquiry.

On March 10, 2008, EMC received notice from the Staff of the FTC that the Staff
believed EMC and its parent, The Bear Stearns Companies, Inc. had violated a
number of Federal consumer protection statutes in connection with its servicing
activities. With the notice, the Staff delivered a draft complaint and draft
consent order seeking certain injunctive relief regarding business practices
and unspecified monetary redress. The Staff also indicated that it had been
authorized to offer an opportunity to resolve the matter though consent
negotiations before it seeks approval from the FTC to proceed with the filing
of a complaint. EMC expects to engage in such discussions with the Staff.

RODRIGUEZ v. EMC Mortgage Corporation and The Bear Stearns Companies

This purported class action is pending in U.S. District Court for the District
of Connecticut. The case was filed in December 2007. It seeks certification of
a class made up of African-American and Hispanic borrowers who had a non-prime
loan serviced by EMC Mortgage Corporation (EMC) and who were subjected to
allegedly improper servicing practices, including imposition of unwarranted
fees, pyramiding of late fees, unjustified forced-placing of insurance, failure
to properly apply payments, improper reporting of derogatory credit
information, and failure to properly administer escrow accounts. EMC and The
Bear Stearns Companies have filed motions to dismiss and to strike.



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

Omitted in accordance with Instruction to Item 1119 of Regulation AB.



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

Wells Fargo Bank, N.A., as Trustee and Custodian, EMC Mortgage Corporation, as
Servicer, Fremont Investment & Loan, as interim servicer, American Security
Insurance Company, Standard Guaranty Insurance Company and TrackSure Insurance
Agency, Inc. (formerly, "Safeco Financial Institution Solutions, Inc.")
(collectively, "Assurant"), as sub-contractor for EMC Mortgage Corporation, FIS
Tax Services and formerly known as LSI Tax Services, as sub-contractor for EMC
Mortgage Corporation and LandAmerica Tax and Flood Services, Inc., as
sub-contractor for EMC Mortgage Corporation (collectively, the "Servicing
Parties") have each been identified by the registrant as parties participating
in the servicing function with respect to the pool assets held by the Issuing
Entity. Each of the Servicing Parties has completed a report on an assessment
of compliance with the servicing criteria applicable to it (each, a "Report on
Assessment"), which Reports on Assessment are attached as exhibits to this Form
10-K.

In addition, each of the Servicing Parties has provided an attestation report
(an "Attestation Report") by one or more registered public accounting firms,
which reports are also attached as exhibits to this Form 10-K.

Assurant has assessed its compliance with the applicable servicing criteria for
the Reporting Period and has identified a material instance of noncompliance
with the servicing criteria. Specifically, Assurant did not have, during
the Reporting Period, sufficient policies and procedures to capture the
information with respect to the Platform Transactions necessary to determine
compliance with 1122(d)(4)(xii).



Item 1123 of Regulation AB, Servicer Compliance Statement.

EMC Mortgage Corporation, as Servicer, has been identified by the registrant as
the servicer with respect to the asset pool held by the Issuing Entity. EMC
Mortgage Corporation has completed a statement of compliance with applicable
servicing criteria (a "Compliance Statement") attached as an exhibit to this
Form 10-K.



                               Part IV

  Item 15. Exhibits, Financial Statement Schedules.

  (a) Not applicable.

  (b) Exhibits

  The exhibits listed below are either included or incorporated by reference
  as indicated:

  Exhibit 3.1 Certificate of Formation of the Registrant (incorporated by
  reference to Exhibit 3.1 of Registration Statement No. 333-124562)*

  Exhibit 3.2 Limited Liability Company Agreement of the Registrant
  (incorporated by reference to Exhibit 3.2 of Registration Statement No.
  333-124562)*

  Exhibit 10.1 Pooling and Servicing Agreement and exhibits thereto, dated as
  of April 1, 2007, among the Registrant, EMC Mortgage Corporation, as
  Servicer and Wells Fargo Bank, N.A., as Trustee (incorporated by reference
  to Exhibit 10.1 to Form 8-K filed by the Registrant with the Commission on
  April 19, 2007)*

  Exhibit 10.2 Mortgage Loan Purchase Agreement, dated as of April 5, 2007,
  among the Registrant, Fremont Investment & Loan, Fremont General Corporation
  and Carrington Securities, LP (incorporated by reference to Exhibit 10.2 to
  Form 8-K filed by the Registrant with the Commission on April 19, 2007)*

  Exhibit 10.3 Confirmation to an ISDA Master Agreement, dated April 5, 2007,
  between Swiss Re Financial Products Corporation and Wells Fargo Bank, N.A.
  (incorporated by reference to Exhibit 10.3 to Form 8-K filed by the
  Registrant with the Commission on April 19, 2007)*

  Exhibit 10.4 Schedule to an ISDA Master Agreement, dated April 5, 2007,
  between Swiss Re Financial Products Corporation and Wells Fargo Bank, N.A.
  (incorporated by reference to Exhibit 10.4 to Form 8-K filed by the
  Registrant with the Commission on April 19, 2007)*

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

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


    <TABLE>
    
      <c>

    33.1 Assurant as Sub-Contractor for EMC Mortgage*
    33.2 EMC Mortgage Corporation as Servicer*
    33.3 FIS Tax Services as Sub-Contractor for EMC Mortgage*
    33.4 Fremont Investment & Loan as Interim Servicer*
    33.5 LandAmerica Tax and Flood Services, Inc. as Sub-Contractor for EMC Mortgage*
    33.6 Wells Fargo Bank, N.A. as Trustee*
    33.7 Wells Fargo Bank, N.A. as Custodian*

    </TABLE>


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


    <TABLE>
    
      <c>

    34.1 Assurant as Sub-Contractor for EMC Mortgage*
    34.2 EMC Mortgage Corporation as Servicer*
    34.3 FIS Tax Services as Sub-Contractor for EMC Mortgage*
    34.4 Fremont Investment & Loan as Interim Servicer*
    34.5 LandAmerica Tax and Flood Services, Inc. as Sub-Contractor for EMC Mortgage*
    34.6 Wells Fargo Bank, N.A. as Trustee*
    34.7 Wells Fargo Bank, N.A. as Custodian*

    </TABLE>


   (35) Servicer compliance statement.


    <TABLE>
    
       <c>

    35.1 EMC Mortgage Corporation as Servicer*

    </TABLE>


   (c) Not applicable.

   * Previously filed.


                          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.


   Stanwich Asset Acceptance Company, L.L.C.
   (Depositor)


   /s/ Bruce M. Rose
   Bruce M. Rose, President
   (senior officer in charge of securitization of the depositor)


    Date:   April 2, 2008



  Exhibit Index

  Exhibit No.


   Exhibit 3.1 Certificate of Formation of the Registrant (incorporated by
   reference to Exhibit 3.1 of Registration Statement No. 333-124562)*

   Exhibit 3.2 Limited Liability Company Agreement of the Registrant
   (incorporated by reference to Exhibit 3.2 of Registration Statement No.
   333-124562)*

   Exhibit 10.1 Pooling and Servicing Agreement and exhibits thereto, dated as
   of April 1, 2007, among the Registrant, EMC Mortgage Corporation, as
   Servicer and Wells Fargo Bank, N.A., as Trustee (incorporated by reference
   to Exhibit 10.1 to Form 8-K filed by the Registrant with the Commission on
   April 19, 2007)*

   Exhibit 10.2 Mortgage Loan Purchase Agreement, dated as of April 5, 2007,
   among the Registrant, Fremont Investment & Loan, Fremont General
   Corporation and Carrington Securities, LP (incorporated by reference to
   Exhibit 10.2 to Form 8-K filed by the Registrant with the Commission on
   April 19, 2007)*

   Exhibit 10.3 Confirmation to an ISDA Master Agreement, dated April 5, 2007,
   between Swiss Re Financial Products Corporation and Wells Fargo Bank, N.A.
   (incorporated by reference to Exhibit 10.3 to Form 8-K filed by the
   Registrant with the Commission on April 19, 2007)*

   Exhibit 10.4 Schedule to an ISDA Master Agreement, dated April 5, 2007,
   between Swiss Re Financial Products Corporation and Wells Fargo Bank, N.A.
   (incorporated by reference to Exhibit 10.4 to Form 8-K filed by the
   Registrant with the Commission on April 19, 2007)*

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

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


    <TABLE>

    
      <c>
    33.1 Assurant as Sub-Contractor for EMC Mortgage*
    33.2 EMC Mortgage Corporation as Servicer*
    33.3 FIS Tax Services as Sub-Contractor for EMC Mortgage*
    33.4 Fremont Investment & Loan as Interim Servicer*
    33.5 LandAmerica Tax and Flood Services, Inc. as Sub-Contractor for EMC Mortgage*
    33.6 Wells Fargo Bank, N.A. as Trustee*
    33.7 Wells Fargo Bank, N.A. as Custodian*

    </TABLE>

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


    <TABLE>

    
      <c>
    34.1 Assurant as Sub-Contractor for EMC Mortgage*
    34.2 EMC Mortgage Corporation as Servicer*
    34.3 FIS Tax Services as Sub-Contractor for EMC Mortgage*
    34.4 Fremont Investment & Loan as Interim Servicer*
    34.5 LandAmerica Tax and Flood Services, Inc. as Sub-Contractor for EMC Mortgage*
    34.6 Wells Fargo Bank, N.A. as Trustee*
    34.7 Wells Fargo Bank, N.A. as Custodian*

    </TABLE>

   (35) Servicer compliance statement.


    <TABLE>

    
       <c>
    35.1 EMC Mortgage Corporation as Servicer*

    </TABLE>

    * Previously filed.