----

**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-K**

**[X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT      OF      1934**

**[        ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND      EXCHANGE ACT OF 1934**

|   | Delaware                                                                                    |   | 74-2440850                                                         |   |
|--------|---------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|
|   | (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 |
|------------------------------------------|------------------------------------|----------------------------------------------|

**DOCUMENTS      INCORPORATED BY REFERENCE**

**PART      I**

**Item      1. Business. **

**Item      1A. Risk Factors.**

**Item      1B. Unresolved Staff Comments.**

**Item      2. Properties.**

**Item      3. Legal Proceedings. **

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

**PART      II**

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

**Item      6. Selected Financial Data.**

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

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

**Item      8. Financial Statements and Supplementary Data.**

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

**Item      9A. Controls and Procedures.**

**Item      9A(T). Controls and Procedures.**

**Item      9B. Other Information.**

**PART      III**

**Item      10. Directors, Executive Officers and Corporate      Governances.**

**Item      11. Executive Compensation.**

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

**Item      13. Certain Relationships and Related Transactions, and Director      Independences.**

**Item      14. Principal Accounting Fees and Services.**

**PART      IV**

**ADDITIONAL      DISCLOSURE ITEMS PURSUANT TO      GENERAL INSTRUCTION J**

**Item      1112(b) of Regulation AB. Significant Obligors Financial      Information.**

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

**Item      1117 of Regulation AB. Legal Proceedings**

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

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

** **

**Item      1123 of Regulation AB. Servicer Compliance Statement**

**Item      15. Exhibits, Financial Statement Schedules.**

| (b)                  See above |
|--------------------------------|

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**SIGNATURES**

|                                  | Lehman Mortgage Trust 2006-2                                  |
|---------------------------------------|---------------------------------------------------------------|
|                                  | Aurora                  Loan Services LLC, as Master Servicer |
|                                  |                                                          |
|  March                  29, 2007 | /s/                  E. Todd Whittemore                       |
|                                  | By: E.                  Todd Whittemore                  |
|                                  | Title: Executive                  Vice President         |
|                                  | Aurora Loan Services LLC, as Master                  Servicer |

----

**EXHIBIT        INDEX**

| **Exhibit                    Number** | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4                                     | Trust                        Agreement dated as of March 1, 2006, among Structured Asset                        Securities                        Corporation, as Depositor, LaSalle Bank National Association,                        as Trustee,                        and Aurora Loan Services LLC, as Master Servicer (incorporated                        herein by                        reference from Exhibit 4.1 of the Current Report on Form                        8-K of the                        registrant, as filed with the Commission on April 14,                        2006). |
| 10                                    | Incorporated                  by reference as Exhibit (4).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 31                                    | Sarbanes-Oxley                    Certification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 33                                    | Report                  on assessment of                  compliance with servicing criteria for asset-backed                  securities                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (a)                                   |     Aurora                    Loan Services LLC, as Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (b)                                   |     LaSalle                    Bank National Association, as Trustee, paying agent and                    Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (c)                                   |     US                    Bank                    National Association, as Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (d)                                   |     Wells                    Fargo Bank, National Association, as Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (e)                                   |     First                  American Real Estate Solutions of Texas, L.P., as sub-contractor                  for                  Aurora Loan Services LLC and Fifth Third Mortgage Company                                                                                                                                                                                                                                                                                                                                                                                        |
| (f)                                   |     Newport                  Management Corporation, as sub-contractor for Aurora Loan Services                  LLC                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (g)                                   |     PHH                  Mortgage Corporation, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (h)                                   |     CitiMortgage,                  Inc., as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (i)                              |     Bank                  of                  America, N.A., as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (j)                                   |     Washington                  Mutual Bank, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (k)                                   |     Fifth                  Third                  Mortgage Company, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (l)                                   |     Assurant,                  Inc.,                  as sub-contractor for Washington Mutual Bank and First Third Mortgage                  Company                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (m)                                   |     Aurora                  Loan                  Services LLC, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34                                    | Attestation                  report on                  assessment of compliance with servicing criteria for asset-backed                  securities                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (a)                                   |     Aurora                    Loan Services LLC, as Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (b)                                   |     LaSalle                    Bank National Association, as Trustee, paying agent and                    Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (c)                                   |     US                    Bank                    National Association, as Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (d)                                   |     Wells                    Fargo Bank, National Association, as Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (e)                                   |     First                  American Real Estate Solutions of Texas, L.P., as sub-contractor for                  Aurora Loan Services LLC and Fifth Third Mortgage Compan                                                                                                                                                                                                                                                                                                                                                                                                     |
| (f)                                   |     Newport                  Management Corporation, as sub-contractor for Aurora Loan Services                  LLC                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (g)                                   |     PHH                  Mortgage Corporation, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (h)                                   |     CitiMortgage,                  Inc., as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (i)                                   |     Bank                  of                  America, N.A., as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (j)                                   |     Washington                  Mutual Bank, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (k)                                   |     Fifth                  Third                  Mortgage Company, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (l)                                   |     Assurant,                  Inc.,                  as sub-contractor for Washington Mutual Bank and First Third Mortgage                  Company                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (m)                                   |     Aurora                  Loan                  Services LLC, as servicer for Aurora Loan Services LLC                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 35                                    | Servicer                  compliance                  statement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (a)                                   |     Aurora                    Loan Services LLC, as Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (b)                                   |     PHH                  Mortgage Corporation, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (c)                                   |     CitiMortgage,                  Inc., as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (d)                                   |     Bank                  of                  America, N.A., as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (e)                                   |     Washington                  Mutual Bank, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (f)                                   |     Fifth                  Third                  Mortgage Company, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (g)                                   |     Aurora                  Loan                  Services LLC, as servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |