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



                                          FORM 10-K/A
                                        Amendment No. 1



The Issuing Entity is filing this Form 10-K/A to replace Exhibits 31,
33(a),33(b), 34(a), and 34(b) to the original Form 10-K filed on April 2, 2007.
American Security Insurance Company, Standard Guaranty Insurance Company and
TrackSure Insurance Agency, Inc. (formerly, "Safeco Financial Institution
Solutions, Inc.") ("Assurant Inc.") recently provided the Issuing Entity with a
revised report on assessment of compliance with servicing criteria for
asset-backed securities and a related attestation. In the original assessment
previously provided to the Issuing Entity, Assurant Inc. excluded Item
1122(d)(4)(xii) from the scope of its assessment. Assurant Inc. recently
provided the Issuing Entity with a revised assessment of compliance that
assesses Assurant Inc.'s compliance with Item 1122(d)(4)(xii) and identifies
material instance of non compliance with this criterion. This material instance
of non compliance is noted in this Form 10-K/A under "Additional Disclosure
Items for Regulation AB." The Issuing Entity has included these revised
assessments of compliance under Exhibits 33(a) and 33(b), the related
attestations under Exhibits 34(a) and 34(b) and a revised Rule
13a-14(d)/15d-14(d) Certification under Exhibit 31. This Form 10-K/A does not
otherwise amend the original Form 10-K filed with the Commission on April 2,
2007.



  (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, 2006

      OR



  / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934


       Commission file number:  333-126253-03

       Opteum Mortgage Acceptance Corporation Trust 2006-1
       (exact name of issuing entity as specified in its charter)

       Opteum Mortgage Acceptance Corporation
       (exact name of the depositor as specified in its charter)

       Opteum Financial Services, LLC
       (exact name of the sponsor as specified in its charter)


  New York                                          54-2196592
  (State or other jurisdiction of                   54-2196593
  incorporation or organization)                    54-2196594
                                                    (I.R.S. Employer
                                                    Identification No.)


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


  Registrant's 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


  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 ( 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, or a non-accelerated filer. See definition of
  "accelerated filer and large accelerated filer" in Rule 12b-2 of the
  Exchange Act. (Check one):


  Large accelerated filer ___  Accelerated filer ___  Non-accelerated filer X


  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.


     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.


                                   PART I
  Item 1.  Business.

            Omitted.


  Item 1A.  Risk Factors.

            Omitted.


  Item 1B.  Unresolved Staff Comments.

            None.


  Item 2.  Properties.

            Omitted.


  Item 3.  Legal Proceedings.

            Omitted.


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

            Omitted.


                                PART II

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

            Omitted.


  Item 6.  Selected Financial Data.

            Omitted.


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

            Omitted.


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

            Omitted.


  Item 8.  Financial Statements and Supplementary Data.

            Omitted.


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

            Omitted.


  Item 9A. Controls and Procedures.

            Omitted.


  Item 9A(T). Controls and Procedures.

            Omitted.


  Item 9B. Other Information.

            None.


                                PART III

  Item 10. Directors, Executive Officers and Corporate Governance.

            Omitted.


  Item 11. Executive Compensation.

            Omitted.

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

            Omitted.


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

            Omitted.


  Item 14. Principal Accounting Fees and Services.

            Omitted.



                ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB

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

            No single obligor represents more than 10% of the pool assets held
            by this transaction.


  Item 1114(b)(2) and 1115(b) of Regulation AB, Significant Enhancement
             Provider Financial Information.



            No entity or group of affiliated entities provides any external
            credit enhancement, uses any derivative instruments or other support
            for the certificates within this transaction.



  Item 1117 of Regulation AB, Legal Proceedings.

            The registrant knows of no material pending legal proceedings
            involving the Trust and all parties related to such Trust, other
            than routine litigation incidental to the duties of those respective
            parties.



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


            None.

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


            The servicing criteria have been completed within the manner stated
            in the governing documents and are attached hereto under Item 15.

            Assurant, Inc. previously excluded the applicable servicing criteria
            set forth in Item 1122 (d)(4)(xii) from the scope of its assessment
            of compliance. Assurant, Inc. has now assessed its compliance with
            the Applicable Servicing Criteria for the Reporting Period of
            January 1, 2006 through December 31, 2006 and has identified a
            material instance of noncompliance with that servicing criterion.
            Specifically, Assurant, Inc. 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 Item 1122(d)(4)(xii). Accordingly,
            Assurant, Inc. has restated its previous assessment for the
            Reporting Period, which excluded evaluation of the criterion, to
            include the criterion and reflect the material noncompliance as a
            result of its assessment.

            The 1122 statements for Wells Fargo Bank, National Association
            (Corporate Trust Services) has disclosed material noncompliance with
            criterion 1122(d)(3)(i), as applicable to the Company during the
            twelve months ended December 31, 2006.  Certain monthly investor or
            remittance reports included errors in the calculation and/or the
            reporting of delinquencies for the pool assets.

            The 1122 statements for First American Real Estate Solutions of
            Texas, L.P. (as Sub-Contractor for Cenlar, FSB) has disclosed the
            following material instance of noncompliance with the servicing
            criteria set forth in Item 1122(d)(2)(vii)(B) of Regulation AB
            applicable to the Company during year ended December 31, 2006.
            Account reconciliations for all asset-backed securities related bank
            accounts were not prepared within 30 calendar days after the bank
            statement cutoff date, or such other number of days specified in the
            transaction agreements as required by Item 1122(d)(2)(vii)(B) of
            Regulation AB.

            The 1122 statements for First American Real Estate Solutions of
            Texas, L.P. (as sub-contractor for Opteum Financial Services,
            LLC) has disclosed the following material instance of
            noncompliance with the servicing criteria set forth in Item
            1122(d)(2)(vii)(B) of Regulation AB applicable to the Company
            during year ended December 31, 2006. Account reconciliations
            for all asset-backed securities related bank accounts were not
            prepared within 30 calendar days after the bank statement cutoff
            date, or such other number of days specified in the transaction
            agreements as required by Item 1122(d)(2)(vii)(B) of
            Regulation AB.

            Although each servicing criterion required by Item 1122(d) of
            Regulation AB is addressed in one or more of the Assessments of
            Compliance with Servicing Criteria and related Attestation Reports
            included with this report, the Servicers', Cenlar FSB and Wells
            Fargo Bank NA (as master servicer), Assessment of Compliance and
            related Attestation Reports did not address each of the servicing
            criteria that the Servicers were required to address under the
            terms of the related Servicing Agreements. The Servicers have not
            identified such failure to provide an Assessment and Attestation
            for these items as a material failure to fulfill its obligations
            under the related servicing agreement in the Servicer's Compliance
            Statements provided under Item 1123 of Regulation AB, because the
            Servicers assert that those items are not applicable to the
            Servicers.


  Item 1123 of Regulation AB, Servicer Compliance Statement.


            The servicer compliance statements have been completed within the
            manner stated in the governing documents and are attached hereto
            under Item 15.




                                PART IV


  Item 15. Exhibits, Financial Statement Schedules.

     (a) Exhibits

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

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



      <TABLE>

      
         <c>
      a) Assurant Inc. as Sub-Contractor for Cenlar, FSB <F1>
      b) Assurant Inc. as Sub-Contractor for Opteum Financial Services, LLC <F1>
      c) Cenlar, FSB, as Sub-Servicer for Opteum Financial Services, LLC <F1>
      d) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Cenlar, FSB <F1>
      e) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Opteum Financial Services, LLC <F1>
      f) JPMorgan Chase Bank, N.A., as Custodian <F1>
      g) The Bank of New York, as Custodian <F1>
      h) Wells Fargo Bank, N.A., as Master Servicer <F1>
      i) Wells Fargo Bank, N.A., as Securities Administrator <F1>

      </TABLE>

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

      <TABLE>

      
        <c>
      a) Assurant Inc. as Sub-Contractor for Cenlar, FSB <F1>
      b) Assurant Inc. as Sub-Contractor for Opteum Financial Services, LLC <F1>
      c) Cenlar, FSB, as Sub-Servicer for Opteum Financial Services, LLC <F1>
      d) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Cenlar, FSB <F1>
      e) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Opteum Financial Services, LLC <F1>
      f) JPMorgan Chase Bank, N.A., as Custodian <F1>
      g) The Bank of New York, as Custodian <F1>
      h) Wells Fargo Bank, N.A., as Master Servicer <F1>
      i) Wells Fargo Bank, N.A., as Securities Administrator <F1>

      </TABLE>

     (35) Servicer compliance statement.

      <TABLE>

      
         <c>
      a) Assurant Inc. as Sub-Contractor for Cenlar, FSB <F2>
      b) Assurant Inc. as Sub-Contractor for Opteum Financial Services, LLC <F2>
      c) Cenlar, FSB, as Sub-Servicer for Opteum Financial Services, LLC <F1>
      d) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Cenlar, FSB <F2>
      e) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Opteum Financial Services, LLC <F2>
      f) JPMorgan Chase Bank, N.A., as Custodian <F2>
      g) The Bank of New York, as Custodian <F2>
      h) Wells Fargo Bank, N.A., as Master Servicer <F1>
      i) Wells Fargo Bank, N.A., as Securities Administrator <F1>

      </TABLE>

   (b) Not applicable.

   (c) Omitted.


  <F1> Filed herewith.

  <F2> The Servicing Participant of the deal is not required under Regulation
       AB to provide such documentation.


                                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.



    Opteum Mortgage Acceptance Corporation Trust 2006-1
    (Issuing Entity)

    Wells Fargo Bank, N.A.
    (Master Servicer)

    /s/ Melissa Loiselle
    Melissa Loiselle, Vice President
    (senior officer in charge of the servicing function of the master
    servicer)

    Date: June 3, 2008


  Exhibit Index

  Exhibit No.

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

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



      <TABLE>

      
         <c>
      a) Assurant Inc. as Sub-Contractor for Cenlar, FSB
      b) Assurant Inc. as Sub-Contractor for Opteum Financial Services, LLC
      c) Cenlar, FSB, as Sub-Servicer for Opteum Financial Services, LLC
      d) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Cenlar, FSB
      e) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Opteum Financial Services, LLC
      f) JPMorgan Chase Bank, N.A., as Custodian
      g) The Bank of New York, as Custodian
      h) Wells Fargo Bank, N.A., as Master Servicer
      i) Wells Fargo Bank, N.A., as Securities Administrator

      </TABLE>

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

      <TABLE>

      
        <c>
      a) Assurant Inc. as Sub-Contractor for Cenlar, FSB
      b) Assurant Inc. as Sub-Contractor for Opteum Financial Services, LLC
      c) Cenlar, FSB, as Sub-Servicer for Opteum Financial Services, LLC
      d) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Cenlar, FSB
      e) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Opteum Financial Services, LLC
      f) JPMorgan Chase Bank, N.A., as Custodian
      g) The Bank of New York, as Custodian
      h) Wells Fargo Bank, N.A., as Master Servicer
      i) Wells Fargo Bank, N.A., as Securities Administrator

      </TABLE>

     (35) Servicer compliance statement.

      <TABLE>

      
         <c>
      c) Cenlar, FSB, as Sub-Servicer for Opteum Financial Services, LLC
      h) Wells Fargo Bank, N.A., as Master Servicer
      i) Wells Fargo Bank, N.A., as Securities Administrator

      </TABLE>