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|   |     New      York                                                     |   | P REMIC:      30-0417798CE      REMIC: 32-0202858B-4      REMIC: 37-1542994Lower      Tier REMIC: 61-1529077Middle      Tier REMIC: 35-2296867Upper      Tier REMIC: 36-4608233 |   |
|--------|-------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | (State      or other jurisdiction ofincorporation      or organization of issuing entity) |   | (I.R.S.      Employer Identification      No. of issuing entity)                                                                                                                                              |   |

|   | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                 | Pooling      and Servicing Agreement, dated as of February 1, 2007, by and among      Securitized Asset Backed Receivables LLC, as depositor, Litton Loan      Servicing LP, as servicer, Credit-Based Asset Servicing and Securitization      LLC, as seller, and LaSalle Bank National Association, as trustee (filed      as part of the Registrant's Current Report on Form 8-K filed on March 15,      2007 (Commision File No. 333-130543-10) and is incorporated by reference      herein).                                                                                                                                           |
| 10.1                | Mortgage      Loan Purchase Agreement, dated as of February 1, 2007, between Securitized      Asset Backed Receivables LLC, as purchaser, and Credit-Based Asset      Servicing and Securitization LLC, as seller (filed as part of the      Registrant's Current Report on Form 8-K filed on March 15, 2007 (Commision      File No. 333-130543-10) and is incorporated by reference      herein).                                                                                                                                                                                                                                          |
| 10.2                | Novation      Confirmation, dated as of February 28, 2007, among Barclays Bank PLC,      Credit-Based Asset Servicing and Securitization LLC and LaSalle Bank      National Association, not in its individual capacity but solely as      Supplemental Interest Trust Trustee on behalf of the Supplemental Interest      Trust with respect to C-BASS Mortgage Loan Trust 2007-CB2, C-BASS Mortgage      Loan Asset-Backed Certificates, Series 2007-CB2 (filed as part of the      Registrant's Current Report on Form 8-K filed on March 15, 2007 (Commision      File No. 333-130543-10) and is incorporated by reference      herein). |
| 10.3                | Old      Confirmation, dated as of February 28, 2007, between Barclays Bank PLC and      Credit-Based Asset Servicing and Securitization LLC (filed as part of the      Registrant's Current Report on Form 8-K filed on March 15, 2007 (Commision      File No. 333-130543-10) and is incorporated by reference      herein).                                                                                                                                                                                                                                                                                                               |
| 10.4                | New      Confirmation, including the Credit Support Annex, each dated as of      February 28, 2007, between Barclays Bank PLC and LaSalle Bank National      Association not in its individual capacity but solely as Supplemental      Interest Trust Trustee on behalf of the Supplemental Interest Trust with      respect to C-BASS Mortgage Loan Trust 2007-CB2, C-BASS Mortgage Loan      Asset-Backed Certificates, Series 2007-CB2 (filed as part of the      Registrant's Current Report on Form 8-K filed on March 15, 2007 (Commision      File No. 333-130543-10) and is incorporated by reference      herein).                 |
| 31                  | Rule      13a-14(d)/15d-14(d) Certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 33(a)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Litton Loan Servicing LP, as Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 33(b)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as  Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 33(c)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, The Bank of New York, as Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 34(a)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Litton Loan Servicing LP, as    Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 34(b)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 34(c)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, The Bank of New York, as  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 35(a)               | Servicer      compliance statement, Litton Loan Servicing LP, as  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(b)               | Servicer      compliance statement, LaSalle Bank National Association, as      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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|                            | Litton      Loan Servicing LP                                                    |
|---------------------------------|----------------------------------------------------------------------------------|
|                            |                                                                             |
|  Date:      March 26, 2008 |          /s/ Elizabeth Folk                                       |
|                            | By: Elizabeth      Folk                                                     |
|                            | Title: Senior      Vice President and Chief Financial Officer               |
|                            | The      Senior Officer in Charge of the Servicing Function of the      Servicer |

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| Exhibit      Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                 | Pooling      and Servicing Agreement, dated as of February 1, 2007, by and among      Securitized Asset Backed Receivables LLC, as depositor, Litton Loan      Servicing LP, as servicer, Credit-Based Asset Servicing and Securitization      LLC, as seller, and LaSalle Bank National Association, as trustee (filed      as part of the Registrant's Current Report on Form 8-K filed on March 15,      2007 (Commision File No. 333-130543-10) and is incorporated by reference      herein).                                                                                                                                           |
| 10.1                | Mortgage      Loan Purchase Agreement, dated as of February 1, 2007, between Securitized      Asset Backed Receivables LLC, as purchaser, and Credit-Based Asset      Servicing and Securitization LLC, as seller (filed as part of the      Registrant's Current Report on Form 8-K filed on March 15, 2007 (Commision      File No. 333-130543-10) and is incorporated by reference      herein).                                                                                                                                                                                                                                          |
| 10.2                | Novation      Confirmation, dated as of February 28, 2007, among Barclays Bank PLC,      Credit-Based Asset Servicing and Securitization LLC and LaSalle Bank      National Association, not in its individual capacity but solely as      Supplemental Interest Trust Trustee on behalf of the Supplemental Interest      Trust with respect to C-BASS Mortgage Loan Trust 2007-CB2, C-BASS Mortgage      Loan Asset-Backed Certificates, Series 2007-CB2 (filed as part of the      Registrant's Current Report on Form 8-K filed on March 15, 2007 (Commision      File No. 333-130543-10) and is incorporated by reference      herein). |
| 10.3                | Old      Confirmation, dated as of February 28, 2007, between Barclays Bank PLC and      Credit-Based Asset Servicing and Securitization LLC (filed as part of the      Registrant's Current Report on Form 8-K filed on March 15, 2007 (Commision      File No. 333-130543-10) and is incorporated by reference      herein).                                                                                                                                                                                                                                                                                                               |
| 10.4                | New      Confirmation, including the Credit Support Annex, each dated as of      February 28, 2007, between Barclays Bank PLC and LaSalle Bank National      Association not in its individual capacity but solely as Supplemental      Interest Trust Trustee on behalf of the Supplemental Interest Trust with      respect to C-BASS Mortgage Loan Trust 2007-CB2, C-BASS Mortgage Loan      Asset-Backed Certificates, Series 2007-CB2 (filed as part of the      Registrant's Current Report on Form 8-K filed on March 15, 2007 (Commision      File No. 333-130543-10) and is incorporated by reference      herein).                 |
| 31                  | Rule      13a-14(d)/15d-14(d) Certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 33(a)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Litton Loan Servicing LP, as Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 33(b)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, LaSalle Bank National Association, as  Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 33(c)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, The Bank of New York, as Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 34(a)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Litton Loan Servicing LP, as    Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 34(b)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, LaSalle Bank National Association, as      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 34(c)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, The Bank of New York, as  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 35(a)               | Servicer      compliance statement, Litton Loan Servicing LP, as  Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(b)               | Servicer      compliance statement, LaSalle Bank National Association, as      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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