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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 |

| 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 April 30, 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 June 13, 2007      and  hereby incorporated by reference into this report on Form      10-K) |
| 1.2                 | Amended      and Restated Trust Agreement, dated as of April 30, 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 June      13, 2007 and  hereby incorporated by reference into this report      on Form 10-K)                                                                                                                                               |
| 4.1                 | Indenture,      dated as of April 30, 2007, among Bear Stearns Second Lien Trust 2007-1,      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 June 13, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                                                                                                                                                                                |
| 10.1                | 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 June 13,      2007 and  hereby incorporated by reference into this report on      Form 10-K)                                                                                                                                          |
| 10.2                | Mortgage      Loan Purchase Agreement, dated as of April 30, 2007 by and between EMC      Mortgage Corporation and Bear Stearns Asset Backed Securities I LLC (As      previously filed on Form 8-K filed on June 13, 2007 and  hereby      incorporated by reference into this report on Form    10-K)                                                                                                                                                                                                                                                  |
| 10.3                | Subsequent      Mortgage Loan Purchase Agreement, by and between EMC Mortgage      Corporation and Bear Stearns Asset Backed Securities I LLC (As previously      filed on Form 8-K filed on June 13, 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, EMC Mortgage Corporation, as Company                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 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, Wells Fargo Bank, National Association, as      Custodian                                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(e)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Greenpoint Mortgage Funding, Inc., as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(f)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, GMAC Mortgage, LLC, as servicing function  participant                                                                                                                                                                                                                                                                                                                                                                                                           |
| 33(g)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Assurant,      Inc. as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                            |
| 33(h)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, FIS      Tax Services, as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                         |
| 33(i)               | 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, EMC Mortgage Corporation, as    Company                                                                                                                                                                                                                                                                                                                                                                                                              |
| 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, Wells Fargo Bank, National Association, as      Custodian                                                                                                                                                                                                                                                                                                                                                                                            |
| 34(e)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Greenpoint Mortgage Funding, Inc., as servicing      function participant                                                                                                                                                                                                                                                                                                                                                                            |
| 34(f)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, GMAC Mortgage, LLC, as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                           |
| 34(g)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant, Inc. as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                                |
| 34(h)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, FIS Tax Services, as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                             |
| 34(i)               | 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, EMC Mortgage Corporation, as  Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 35(c)               | Servicer      compliance statement, LaSalle Bank National Association, as Securities      Administrator                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 35(d)               | Servicer      compliance statement, Greenpoint Mortgage Funding, Inc., as servicing      function participant                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 35(e)               | Servicer      compliance statement, GMAC Mortgage, LLC, as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 99.1                | Amended      and Restated Guaranty Agreement of JPMorgan Chase & Co. effective as      of March 16, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 99.2                | Sale      and Servicing Agreement, dated as of April 30, 2007, among Bear Stearns      Asset Backed Securities I LLC, as Depositor, Bear Stearns Second Lien      Trust 2007-1, as Issuing Entity, Citibank, N.A., as Indenture Trustee,      LaSalle Bank National Association, as Master Servicer and Securities      Administrator and EMC Mortgage Corporation as Sponsor and Company (As      previously filed on Form 8-K filed on June 13, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                    |
| 99.3                | Administration      Agreement, dated as of April 30, 2007, among Bear Stearns Second Lien      Trust 2007-1, 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 June 13, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                                                                                            |
| 99.4                | Servicing      Agreement, dated as of May 1, 2001,  and  executed      between EMC Mortgage Corporation and GMAC Mortgage Corporation (As      previously filed on Form 8-K filed on June 13, 2007 and  hereby      incorporated by reference into this report on Form    10-K)                                                                                                                                                                                                                                                      |
| 99.5                | Servicing      Agreement, dated as of August 1, 2005,  and  executed      between EMC Mortgage Corporation and GMAC Mortgage Corporation (HELOC      Servicing and AAR) (As previously filed on Form 8-K filed on June 13, 2007      and  hereby incorporated by reference into this report on Form      10-K)                                                                                                                                                                                                                       |
| 99.6                | Group      II Swap Agreement between Bear Stearns Financial Products Inc. and LaSalle      Bank National Association, not in its individual capacity, but solely as      Group II Supplemental Interest Trust Trustee 1 (As previously filed on      Form 8-K filed on June 13, 2007 and  hereby incorporated by      reference into this report on Form 10-K)                                                                                                                                                                                           |
| 99.7                | Group      III Swap Agreement between Bear Stearns Financial Products Inc. and      LaSalle Bank National Association, not in its individual capacity, but      solely as Group III Supplemental Interest Trust Trustee (As previously      filed on Form 8-K filed on June 13, 2007 and  hereby      incorporated by reference into this report on Form    10-K)                                                                                                                                                                                        |
| 99.8                | 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. 001-10777), 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.                                                                                                                        | EMC      Mortgage Corporation, as Company |
| 3.                                                                                                                        | LaSalle Bank National      Association, as Securities Administrator and Custodian |
| 4.                                                                                                                        | Wells Fargo Bank, National      Association, as Custodian |
| 5.                                                                                                                        | Greenpoint Mortgage Funding, Inc., as servicing function      participant |
| 6.                                                                                                                        | GMAC Mortgage, LLC, as servicing function participant |
| 7.                                                                                                                        | Assurant, Inc. as servicing function participant |
| 8.                                                                                                                        | FIS Tax Services, as servicing function participant |
| 9.                                                                                                                        | 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.                                                                                                                        | EMC      Mortgage Corporation, as Company |
| 3.                                                                                                                        | LaSalle Bank National      Association, as Securities Administrator and Custodian |
| 4.                                                                                                                        | Wells Fargo Bank, National Association, as      Custodian |
| 5.                                                                                                                        | Greenpoint Mortgage Funding, Inc., as      servicing function participant |
| 6.                                                                                                                        | GMAC Mortgage, LLC, as servicing function      participant |
| 7.                                                                                                                        | Assurant, Inc. as servicing function      participant |
| 8.                                                                                                                        | FIS Tax Services, as servicing function      participant |
| 9.                                                                                                                        | Land America Tax and Flood Services, Inc.,      as servicing function participant |
| (35)      Servicer Compliance Statements:                                                                                 |
| 1.                                                                                                                        | LaSalle      Bank National Association, as Master Servicer |
| 2.                                                                                                                        | EMC      Mortgage Corporation, as Company |
| 3.                                                                                                                        | LaSalle      Bank National Association, as Securities Administrator |
| 4.                                                                                                                        | Greenpoint      Mortgage Funding, Inc., as servicing function participant |
| 5.                                                                                                                        | GMAC      Mortgage, LLC, as servicing function participant |
|  (99)      Other Exhibits                                                                                            |
| 1.                                                                                                                        | Amended      and Restated Guaranty Agreement of JPMorgan Chase & Co. effective as      of March 16, 2008 |

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|                      | 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 April 30, 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 June 13, 2007      and  hereby incorporated by reference into this report on Form      10-K) |
| 1.2                 | Amended      and Restated Trust Agreement, dated as of April 30, 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 June      13, 2007 and  hereby incorporated by reference into this report      on Form 10-K)                                                                                                                                               |
| 4.1                 | Indenture,      dated as of April 30, 2007, among Bear Stearns Second Lien Trust 2007-1,      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 June 13, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                                                                                                                                                                                |
| 10.1                | 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 June 13,      2007 and  hereby incorporated by reference into this report on      Form 10-K)                                                                                                                                          |
| 10.2                | Mortgage      Loan Purchase Agreement, dated as of April 30, 2007 by and between EMC      Mortgage Corporation and Bear Stearns Asset Backed Securities I LLC (As      previously filed on Form 8-K filed on June 13, 2007 and  hereby      incorporated by reference into this report on Form    10-K)                                                                                                                                                                                                                                                  |
| 10.3                | Subsequent      Mortgage Loan Purchase Agreement, dated as of May [__], 2007 by and      between EMC Mortgage Corporation and Bear Stearns Asset Backed Securities      I LLC (As previously filed on Form 8-K filed on June 13, 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, EMC Mortgage Corporation, as Company                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 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, Wells Fargo Bank, National Association, as      Custodian                                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(e)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Greenpoint Mortgage Funding, Inc., as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(f)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, GMAC Mortgage, LLC, as servicing function  participant                                                                                                                                                                                                                                                                                                                                                                                                           |
| 33(g)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, Assurant,      Inc. as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                            |
| 33(h)               | Report      on assessment of compliance with servicing criteria for asset-backed      securities, FIS      Tax Services, as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                         |
| 33(i)               | 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, EMC Mortgage Corporation, as    Company                                                                                                                                                                                                                                                                                                                                                                                                              |
| 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, Wells Fargo Bank, National Association, as      Custodian                                                                                                                                                                                                                                                                                                                                                                                            |
| 34(e)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Greenpoint Mortgage Funding, Inc., as servicing      function participant                                                                                                                                                                                                                                                                                                                                                                            |
| 34(f)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, GMAC Mortgage, LLC, as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                           |
| 34(g)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, Assurant, Inc. as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                                |
| 34(h)               | Attestation      report on assessment of compliance with servicing criteria for      asset-backed securities, FIS Tax Services, as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                             |
| 34(i)               | 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, EMC Mortgage Corporation, as  Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 35(c)               | Servicer      compliance statement, LaSalle Bank National Association, as Securities      Administrator                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 35(d)               | Servicer      compliance statement, Greenpoint Mortgage Funding, Inc., as servicing      function participant                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 35(e)               | Servicer      compliance statement, GMAC Mortgage, LLC, as servicing function      participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 99.1                | Amended      and Restated Guaranty Agreement of JPMorgan Chase & Co. effective as      of March 16, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 99.2                | Sale      and Servicing Agreement, dated as of April 30, 2007, among Bear Stearns      Asset Backed Securities I LLC, as Depositor, Bear Stearns Second Lien      Trust 2007-1, as Issuing Entity, Citibank, N.A., as Indenture Trustee,      LaSalle Bank National Association, as Master Servicer and Securities      Administrator and EMC Mortgage Corporation as Sponsor and Company (As      previously filed on Form 8-K filed on June 13, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                    |
| 99.3                | Administration      Agreement, dated as of April 30, 2007, among Bear Stearns Second Lien      Trust 2007-1, 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 June 13, 2007 and  hereby      incorporated by reference into this report on Form      10-K)                                                                                            |
| 99.4                | Servicing      Agreement, dated as of May 1, 2001,  and  executed      between EMC Mortgage Corporation and GMAC Mortgage Corporation (As      previously filed on Form 8-K filed on June 13, 2007 and  hereby      incorporated by reference into this report on Form    10-K)                                                                                                                                                                                                                                                      |
| 99.5                | Servicing      Agreement, dated as of August 1, 2005,  and  executed      between EMC Mortgage Corporation and GMAC Mortgage Corporation (HELOC      Servicing and AAR) (As previously filed on Form 8-K filed on June 13, 2007      and  hereby incorporated by reference into this report on Form      10-K)                                                                                                                                                                                                                       |
| 99.6                | Group      II Swap Agreement between Bear Stearns Financial Products Inc. and LaSalle      Bank National Association, not in its individual capacity, but solely as      Group II Supplemental Interest Trust Trustee 1 (As previously filed on      Form 8-K filed on June 13, 2007 and  hereby incorporated by      reference into this report on Form 10-K)                                                                                                                                                                                           |
| 99.7                | Group      III Swap Agreement between Bear Stearns Financial Products Inc. and      LaSalle Bank National Association, not in its individual capacity, but      solely as Group III Supplemental Interest Trust Trustee (As previously      filed on Form 8-K filed on June 13, 2007 and  hereby      incorporated by reference into this report on Form    10-K)                                                                                                                                                                                        |
| 99.8                | 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. 001-10777), are hereby incorporated by  reference.                                                                                                                                                                                                                                                              |

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