Principal and Interest Distribution Statement for Mortgage-Backed Securities Trust (May 2006)

Summary

This document is a distribution statement detailing the principal and interest payments, account activity, and collateral status for various classes of certificates in a mortgage-backed securities trust for the period ending April 28, 2006. It lists the amounts distributed to certificate holders, interest rates, realized losses, servicing fees, and reserve account balances. The statement also provides information on the underlying mortgage collateral, including loan counts, balances, and prepayment activity. The parties involved include the trust, certificate holders, and servicing entities such as Bank of America and GMAC Mortgage Corp.

EX-10.1 2 f21141dexv10w1.htm EXHIBIT 10.1 exv10w1

Principal Distribution Factors Statement




			Beginning		Scheduled		Unscheduled										Ending
	Original Face		Certificate		Principal		Principal				Realized		Total Principal		Ending Certificate		Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss		Reduction		Balance		Percentage		Distribution

A-1		202,462,000.00		468.41346702		0.00000000		46.68478974		0.00000000		0.00000000		46.68478974		421.72867728		0.42172868		46.68478974
A-2		126,737,000.00		439.87713296		0.00122340		11.63541847		0.00000000		0.00000000		11.63664186		428.24049110		0.42824049		11.63664186
A-R		100.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
X-A		0.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-1		6,016,000.00		1000.00000000		0.00050864		34.12971410		0.00000000		0.00000000		34.13022274		965.86977726		0.96586978		34.13022274
B-2		3,266,000.00		1000.00000000		0.00050827		34.12971525		0.00000000		0.00000000		34.13022352		965.86977648		0.96586978		34.13022352
X-B		0.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-3		1,890,000.00		1000.00000000		0.00050794		34.12971429		0.00000000		0.00000000		34.13022222		965.86977778		0.96586978		34.13022222
B-4		1,231,000.00		1000.00000000		0.00051178		34.12971568		0.00000000		0.00000000		34.13021933		965.86978067		0.96586978		34.13021933
B-5		687,000.00		1000.00000000		0.00050946		34.12970888		0.00000000		0.00000000		34.13021834		965.86978166		0.96586978		34.13021834
B-6		1,549,605.55		1000.00000000		0.00050981		34.12971127		0.00000000		0.00000000		34.13022107		965.86977893		0.96586978		34.13022107

All Classes per $1,000 denomination.

Interest Distribution- Statement




										Payment
										of				Non-				Remaining		Ending
			Current			Beginning		Current		Unpaid		Current		Supported				Unpaid		Certificate/
		Accrual	Certificate			Certificate/		Accrued		Interest		Interest		Interest		Total Interest		Interest		Notational
Class	Accural Dates	Days	Rate			Notional Balance		Interest		Shortfall		Shortfall		Shortfall(1)		Distribution		Shortfall(2)		Balance

A-1	04/20/06 – 05/19/06	30		5.14250	%		94,835,927.36		406,411.46		0.00		0.00		2,330.47		404,080.99		0.00		85,384,031.46
A-2	04/20/06 – 05/19/06	30		5.19000	%		55,748,708.20		241,113.16		0.00		0.00		0.00		241,113.16		0.00		54,273,915.12
A-R	N/A	N/A		4.00402	%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
X-A	04/01/06 – 04/30/06	30		0.71262	%		150,584,635.56		89,424.49		0.00		0.00		327.50		89,096.98		0.00		139,657,946.58
B-1	04/20/06 – 05/19/06	30		5.31250	%		6,016,000.00		26,633.33		0.00		0.00		94.04		26,539.30		0.00		5,810,672.58
B-2	04/20/06 – 05/19/06	30		5.59250	%		3,266,000.00		15,220.92		0.00		0.00		53.74		15,167.18		0.00		3,154,530.69
X-B	04/01/06 – 04/30/06	30		0.46197	%		9,282,000.00		3,573.32		0.00		0.00		12.62		3,560.70		0.00		8,965,203.27
B-3	04/01/06 – 04/30/06	30		5.87299	%		1,890,000.00		9,249.96		0.00		0.00		32.66		9,217.30		0.00		1,825,493.88
B-4	04/01/06 – 04/30/06	30		5.87299	%		1,231,000.00		6,024.71		0.00		0.00		21.27		6,003.44		0.00		1,188,985.70
B-5	04/01/06 – 04/30/06	30		5.87299	%		687,000.00		3,362.29		0.00		0.00		11.87		3,350.41		0.00		663,552.54
B-6	04/01/06 – 04/30/06	30		5.87299	%		1,549,605.55		7,584.01		0.00		0.00		26.78		7,557.24		0.00		1,496,717.17

Totals									808,597.65		0.00		0.00		2,910.95		805,686.70		0.00


(1, 2)		Amount also includes coupon cap or basis risk shortfalls, if applicable.

Interest Distribution Factors Statement



				Beginning				Payment of								Remaining		Ending
			Current	Certificate/				Unpaid				Non-Supported				Unpaid		Certificate/
	Original Face		Certificate	Notional		Current		Interest		Current Interest		Interest		Total Interest		Interest		Notational
Class	Amount		Rate	Balance		Accrued Interest		Shortfall		Shortfall(1)		Shortfall		Distribution		Shortfall(2)		Balance

A-1		202,462,000.00	5.14250%		468.41346702		2.00734686		0.00000000		0.00000000		0.01151065		1.99583621		0.00000000		421.72867728
A-2		126,737,000.00	5.19000%		439.87713296		1.90246858		0.00000000		0.00000000		0.00000000		1.90246858		0.00000000		428.24049110
A-R		100.00	4.00402%		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
X-A		0.00	0.71262%		457.42737845		0.27164265		0.00000000		0.00000000		0.00099484		0.27064778		0.00000000		424.23563431
B-1		6,016,000.00	5.31250%		1000.00000000		4.42708278		0.00000000		0.00000000		0.01563165		4.41145279		0.00000000		965.86977726
B-2		3,266,000.00	5.59250%		1000.00000000		4.66041641		0.00000000		0.00000000		0.01645438		4.64396203		0.00000000		965.86977648
X-B		0.00	0.46197%		1000.00000000		0.38497307		0.00000000		0.00000000		0.00135962		0.38361345		0.00000000		965.86977699
B-3		1,890,000.00	5.87299%		1000.00000000		4.89415873		0.00000000		0.00000000		0.01728042		4.87687831		0.00000000		965.86977778
B-4		1,231,000.00	5.87299%		1000.00000000		4.89415922		0.00000000		0.00000000		0.01727864		4.87688058		0.00000000		965.86978067
B-5		687,000.00	5.87299%		1000.00000000		4.89416303		0.00000000		0.00000000		0.01727802		4.87687045		0.00000000		965.86978166
B-6		1,549,605.55	5.87299%		1000.00000000		4.89415516		0.00000000		0.00000000		0.01728182		4.87687980		0.00000000		965.86977893

(1, 2) Amount also includes coupon cap or basis risk shortfalls, if applicable.

All Classes per $1,000 denomination.

Certificateholder Account Statement

Certificate Account


Beginning Balance			0.00

Deposits
Payments of Interest and Principal			12,288,710.87
Reserve Funds and Credit Enhancements			0.00
Proceeds from Repurchased Loans			0.00
Servicer Advances			23,166.01
Realized Losses (Gains, Subsequent Expenses & Recoveries)			0.00
\Prepayment Penalties ments			0.00

Total Deposits			12,311,876.88

Withdrawals
Reserve Funds and Credit Enhancements			0.00
Reimbursement for Servicer Advances			25,207.43
Total Administration Fees			54,640.78
Payment of Interest and Principal			12,232,028.67

Total Withdrawals (Pool Distribution Amount)			12,311,876.88

Ending Balance			0.00

Prepayment/Curtailment Interest Shortfall


Total Prepayment/Curtailment Interest Shortfall			2,910.95
Servicing Fee Support			0.00


Non-Supported Prepayment Curtailment Interest Shortfall			2,910.95

Administration Fees


Gross Servicing Fee*			52,231.26
Master Servicing Fee			2,409.52
Supported Prepayment/Curtailment Interest Shortfall			0.00


Total Administration Fees			54,640.78


*		Servicer Payees include: BANK OF AMERICA (NY); GMAC MTG CORP, MORGAN STANLEY DEAN WITTER; NATIONAL CITY MTG CO; PHH US MTG CORP; RESIDENTIAL FUNDING CORP

Reserve Accounts


	Beginning		Current		Current		Ending
Account Type	Balance		Withdrawals		Deposits		Balance

Reserve Fund		4,500.00		0.00		0.00		4,500.00
Reserve Fund		4,500.00		0.00		0.00		4,500.00
Reserve Fund		1,000.00		0.00		0.00		1,000.00

Collateral Statement


Collateral Description	Mixed ARM

Weighted Average Gross Coupon		6.269577	%
Weighted Average Net Coupon		5.890229	%
Weighted Average Pass-Through Rate		5.872729	%
Weighted Average Remaining Term		325

Beginning Scheduled Collateral Loan Count		492
Number of Loans Paid in Full		25
Ending Scheduled Collateral Loan Count		467

Beginning Scheduled Collateral Balance		165,224,241.11
Ending Scheduled Collateral Balance		153,797,899.12
Ending Actual Collateral Balance at 28-Apr-2006		153,797,899.12

Monthly P&I Constant		863,400.91
Special Servicing Fee		0.00
Prepayment Penalty Paid Amount		0.00
Prepayment Penalty Paid Count		0
Realization Loss Amount		0.00
Cumulative Realized Loss		0.00

Class A Optimal Amount		11,663,638.09

Scheduled Principal		162.50
Unscheduled Principal		11,426,179.49


Group	One		Two		Total

Collateral Description	Mixed ARM		Mixed ARM		Mixed ARM
Weighted Average Coupon Rate		6.259554		6.286537		6.269577
Weighted Average Net Rate		5.882683		5.902997		5.890229
Pass-Through Rate		5.865183		5.885497		5.872729
Weighted Average Maturity		321		332		325
Record Date		04/28/2006		04/28/2006		04/28/2006
Principal and Interest Constant		541,712.09		321,688.82		863,400.91
Beginning Loan Count		300		192		492
Loans Paid in Full		18		7		25
Ending Loan Count		282		185		467
Beginning Scheduled Balance		103,849,980.31		61,374,260.80		165,224,241.11
Ending Scheduled Balance		93,969,267.43		59,828,631.69		153,797,899.12
Scheduled Principal		0.00		162.50		162.50
Unscheduled Principal		9,880,712.88		1,545,466.61		11,426,179.49
Scheduled Interest		541,712.09		321,526.32		863,238.41
Servicing Fee		32,614.99		19,616.27		52,231.26
Master Servicing Fee		1,514.48		895.04		2,409.52
Trustee Fee		0.00		0.00		0.00
FRY Amount		0.00		0.00		0.00
Special Hazard Fee		0.00		0.00		0.00
Other Fee		0.00		0.00		0.00
Pool Insurance Fee		0.00		0.00		0.00
Spread 1		0.00		0.00		0.00
Spread 2		0.00		0.00		0.00
Spread 3		0.00		0.00		0.00
Net Interest		507,582.62		301,015.01		808,597.63
Realized Loss Amount		0.00		0.00		0.00
Cumulative Realized Loss		0.00		0.00		0.00
Percentage of Cumulative Losses		0.00		0.00		0.00
Prepayment Penalty Paid Amount		0.00		0.00		0.00
Prepayment Penalty Paid Count		0		0		0
Special Servicing Fee		0.00		0.00		0.00

Additional Reporting – Deal Level

Miscellaneous Reporting


Pro Rata Senior Percent	91.139553	%
Pro Rata Subordinate Percent	8.860447	%

Additional Reporting – Group Level

Miscellaneous Reporting


Group One
One Month Libor Loan Balance	63,222,632.59
Principal Transfer Amount	0.00
Senior Percent	95.660060	%
Senior Prepayment Percent	95.660060	%
Subordinate Percent	4.339940	%
Subordinate Prepayment Percent	4.339940	%
Interest Transfer Amount	0.00

Group Two
Six-Month Libor Loan Balance	30,746,634.84
Principal Transfer Amount	0.00
Senior Percent	95.417010	%
Senior Prepayment Percent	95.417010	%
Subordinate Percent	4.582990	%
Subordinate Prepayment Percent	4.582990	%
Interest Transfer Amount	0.00

Loan Status Stratification/Credit Enhancement Statement



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance
0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00
30 Days	7		2,446,062.08		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	7		2,446,062.08
60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00
90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00
120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00
150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00
180+ Days	4		2,292,633.34		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	4		2,292,633.34

	11		4,738,695.42			0		0.00			0		0.00			0		0.00			11		4,738,695.42

	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance
0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%
30 Days	1.498929%		1.590439	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	1.498929%		1.590439	%
60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%
90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%
120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%
150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%
180+ Days	0.856531%		1.490679	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.856531%		1.490679	%

	2.355460%		3.081118	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%		2.355460%		3.081118	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties			0.00			Periodic Advance			23,166.01


	Original $		Original%			Current $		Current %			Current Class %			Prepayment %
Class A		14,639,605.55		4.25769563	%		14,139,952.56		9.19385287	%		90.806147	%		0.000000	%
Class B-1		8,623,605.55		2.50803805	%		8,329,279.98		5.41573066	%		3.778122	%		41.094003	%
Class B-2		5,357,605.55		1.55817407	%		5,174,749.29		3.36464238	%		2.051088	%		22.309344	%
Class B-3		3,467,605.55		1.00849773	%		3,349,255.41		2.17769906	%		1.186943	%		12.910184	%
Class B-4		2,236,605.55		0.65048103	%		2,160,269.71		1.40461588	%		0.773083	%		8.408697	%
Class B-5		1,549,605.55		0.45067804	%		1,496,717.17		0.97317140	%		0.431444	%		4.692749	%
Class B-6		0.00		0.00000000	%		0.00		0.00000000	%		0.973171	%		10.585023	%

Delinquency Status by Group



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
*Group One*
	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance
0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00
30 Days	4		1,233,395.44		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	4		1,233,395.44
60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00
90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00
120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00
150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00
180+ Days	1		589,546.78		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	1		589,546.78

	5		1,822,942.22			0		0.00			0		0.00			0		0.00			5		1,822,942.22

	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance
0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%
30 Days	1.418440%		1.312552	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	1.418440%		1.312552	%
60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%
90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%
120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%
150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%
180+ Days	0.354610%		0.627383	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.354610%		0.627383	%

	1.773050%		1.939934	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%		1.773050%		1.939934	%



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
*Group Two*						1.183654%
	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance
0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00
30 Days	3		1,212,666.44		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	3		1,212,666.44
60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00
90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00
120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00		120 Days	0		0.00
150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00		150 Days	0		0.00
180+ Days	3		1,703,086.56		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	3		1,703,086.56

	6		2,915,753.20			0		0.00			0		0.00			0		0.00			6		2,915,753.20

	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance
0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%
30 Days	1.621622%		2.026900	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	1.621622%		2.026900	%
60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%
90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%
120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%	120 Days	0.000000%		0.000000	%
150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%
180+ Days	1.621622%		2.846608	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	1.621622%		2.846608	%

	3.243243%		4.873508	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%		3.243243%		4.873508	%