EX-1 2 surf2006ab2.htm SURF 2006-AB2_MONTHLY J:\surf06ab2\pdf\SURF 2006-AB2

Distribution Date: Oct 25, 2006
DISTRIBUTION PACKAGE
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Distribution Package Includes: *
Issuance Dates
Issuance Parties
Contact
First Distribution Date:
Settlement Date:
Cutoff Date:
Servicer(s):
Certificate Insurer(s):
Underwriter(s):
Name:
Title:
Phone:
Mobile:
Fax:
Email:
Address:
Website:
* The Trustee, at the direction of the Depositor, and based upon information provided in the Mortgage Loan Schedule or by the Servicer, is furnishing this information to each Certificateholder. The Depositor
and/or the Servicer may discontinue the furnishing of this Supplemental Report (other than the Payment Date Statement), or may change its format, at any time and without notice to any Certificateholder.
While the above parties have undertaken efforts to ensure the reasonable accuracy of this information, this information has not been audited and the parties make no representation as to the accuracy or
completeness of the information.
60 Livingston Ave, St. Paul, MN 55107
www.usbank.com
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
N/A
Wilshire
June 25, 2006
May 31, 2006
May 01, 2006
Merrill Lynch & Co
- Payment Date Statement
Page 1
- Remittance Summary Group
Page 6
- Mortgage Loan Characteristics
Page 7
- Delinquency Report
Page 14
- Delinquency Report 120 Days +
Page 17
- Delinquency History Report - Six Months
Page 19
- CPR/CDR History Report - Six Months
Page 22
- Bankruptcy Loan Detail Report
Page 23
- Foreclosure Loan Detail Report
Page 24
- REO Loan Detail Report
Page 26
- Prepayment & Liquidation Loan Detail Report
Page 27
- Material Modifications Loan Detail Report
Page 29
- Material Breaches Loan Detail Report
Page 30
Contact:
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Distribution Date
25-Oct-06
Determination Date
13-Oct-06
Accrual Periods:
Begin
End
Record Date - Physical Certificates
30-Sep-06
Libor Certificates
9/25/2006
10/24/2006
Payment Detail:
Pass
Applied
Interest
Through
Original
Beginning
Principal
Interest
Total
Realized
Carry-forward
Ending
Class
Rate
Balance
Balance (2)
Paid
Paid
Paid
Losses
Amount Paid
Balance (1)
A-1
5.48000%
$194,773,000.00
$180,916,488.26
$3,061,153.41
$826,185.30
$3,887,338.71
N/A
$0.00
$177,855,334.85
A-2A
5.37000%
$72,525,000.00
$60,295,402.42
$2,399,763.43
$269,821.93
$2,669,585.36
N/A
$0.00
$57,895,638.99
A-2B
5.43000%
$19,003,000.00
$19,003,000.00
$0.00
$85,988.58
$85,988.58
N/A
$0.00
$19,003,000.00
A-2C
5.48000%
$27,026,000.00
$27,026,000.00
$0.00
$123,418.73
$123,418.73
N/A
$0.00
$27,026,000.00
A-2D
5.58000%
$23,073,000.00
$23,073,000.00
$0.00
$107,289.45
$107,289.45
N/A
$0.00
$23,073,000.00
M-1
5.60000%
$10,400,000.00
$10,400,000.00
$0.00
$48,533.33
$48,533.33
$0.00
$0.00
$10,400,000.00
M-2
5.62000%
$9,800,000.00
$9,800,000.00
$0.00
$45,896.67
$45,896.67
$0.00
$0.00
$9,800,000.00
M-3
5.64000%
$5,800,000.00
$5,800,000.00
$0.00
$27,260.00
$27,260.00
$0.00
$0.00
$5,800,000.00
M-4
5.69000%
$5,000,000.00
$5,000,000.00
$0.00
$23,708.33
$23,708.33
$0.00
$0.00
$5,000,000.00
M-5
5.71000%
$5,200,000.00
$5,200,000.00
$0.00
$24,743.33
$24,743.33
$0.00
$0.00
$5,200,000.00
M-6
5.81000%
$4,600,000.00
$4,600,000.00
$0.00
$22,271.67
$22,271.67
$0.00
$0.00
$4,600,000.00
B-1
6.23000%
$4,000,000.00
$4,000,000.00
$0.00
$20,766.67
$20,766.67
$0.00
$0.00
$4,000,000.00
B-2
6.38000%
$3,000,000.00
$3,000,000.00
$0.00
$15,950.00
$15,950.00
$0.00
$0.00
$3,000,000.00
B-3
6.96629%
$4,000,000.00
$4,000,000.00
$0.00
$24,266.67
$24,266.67
$0.00
$0.00
$4,000,000.00
C
N/A
$11,799,369.08
$11,800,003.04
$0.00
$504,560.91
$504,560.91
N/A
$0.00
$11,800,003.04
P
N/A
$0.00
$0.00
$0.00
$85,763.08
$85,763.08
N/A
$0.00
$0.00
R
5.48000%
$100.00
$0.00
$0.00
$0.00
$0.00
N/A
$0.00
$0.00
Totals:
$388,200,100.00
$362,113,890.68
$5,460,916.84
$2,256,424.65
$7,717,341.49
$0.00
$0.00
$356,652,973.84
(1) Class C and Class P Certificates balances reflect Notional Collateral Amounts
Amounts Per 1,000:
Interest
Realized
Beginning
Principal
Interest
Carry-forward
Losses/
Ending
Class
Cusip
Balance
Paid
Paid
Amount Paid
Write-down
Balance
Index
Value
A-1
84751VAA4
$928.85814902
$15.71651825
$4.24178557
$0.00000000
$0.00000000
$913.14163077 LIBOR
5.33000%
A-2A
84751VAB2
$831.37404233
$33.08877532
$3.72039890
$0.00000000
$0.00000000
$798.28526701 CAP LIBOR
5.33000%
A-2B
84751VAC0
$1,000.00000000
$0.00000000
$4.52500026
$0.00000000
$0.00000000
$1,000.00000000
A-2C
84751VAD8
$1,000.00000000
$0.00000000
$4.56666654
$0.00000000
$0.00000000
$1,000.00000000
A-2D
84751VAE6
$1,000.00000000
$0.00000000
$4.65000000
$0.00000000
$0.00000000
$1,000.00000000
M-1
84751VAF3
$1,000.00000000
$0.00000000
$4.66666635
$0.00000000
$0.00000000
$1,000.00000000
M-2
84751VAG1
$1,000.00000000
$0.00000000
$4.68333367
$0.00000000
$0.00000000
$1,000.00000000
M-3
84751VAH9
$1,000.00000000
$0.00000000
$4.70000000
$0.00000000
$0.00000000
$1,000.00000000
M-4
84751VAJ5
$1,000.00000000
$0.00000000
$4.74166600
$0.00000000
$0.00000000
$1,000.00000000
M-5
84751VAK2
$1,000.00000000
$0.00000000
$4.75833269
$0.00000000
$0.00000000
$1,000.00000000
M-6
84751VAL0
$1,000.00000000
$0.00000000
$4.84166739
$0.00000000
$0.00000000
$1,000.00000000
B-1
84751VAM8
$1,000.00000000
$0.00000000
$5.19166750
$0.00000000
$0.00000000
$1,000.00000000
B-2
84751VAN6
$1,000.00000000
$0.00000000
$5.31666667
$0.00000000
$0.00000000
$1,000.00000000
B-3
84751VAP1
$1,000.00000000
$0.00000000
$6.06666750
$0.00000000
$0.00000000
$1,000.00000000
C
84751VAQ9
$1,000.05372830
$0.00000000
$42.76168553
$0.00000000
$0.00000000
$1,000.05372830
P
84751VAR7
$0.00000000
$0.00000000
$0.0000
$0.00000000
$0.00000000
$0.00000000
R
84751VAS5
$0.00000000
$0.00000000
$0.00000000
$0.00000000
$0.00000000
$0.00000000
SPECIALTY UNDERWRITING AND RESIDENTIAL FINANCE TRUST
MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 2006-AB2
STATEMENT TO CERTIFICATE HOLDERS
Page 1 of 30
Contact:
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Distribution Date
25-Oct-06
SPECIALTY UNDERWRITING AND RESIDENTIAL FINANCE TRUST
MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 2006-AB2
STATEMENT TO CERTIFICATE HOLDERS
Interest Detail:
Index +
Interest
Interest
Interest
Non-Supported
Floating
Floating
Margin or
Accrued @
Carry-forward
Carry-forward
Interest
Rate Certificate
Rate Certificate
Class
Fix Rate
PT Rate (1)
Amount
Amount Remaining
Shortfall
Carryover Paid
Carryover Remaining
A-1
5.48000%
$826,185.30
$0.00
$0.00
NA
$0.00
NA
A-2A
5.37000%
$269,821.93
$0.00
$0.00
NA
$0.00
NA
A-2B
5.43000%
$85,988.58
$0.00
$0.00
NA
$0.00
NA
A-2C
5.48000%
$123,418.73
$0.00
$0.00
NA
$0.00
NA
A-2D
5.58000%
$107,289.45
$0.00
$0.00
NA
$0.00
NA
M-1
5.60000%
$48,533.33
$0.00
$0.00
$0.00
$0.00
$0.00
M-2
5.62000%
$45,896.67
$0.00
$0.00
$0.00
$0.00
$0.00
M-3
5.64000%
$27,260.00
$0.00
$0.00
$0.00
$0.00
$0.00
M-4
5.69000%
$23,708.33
$0.00
$0.00
$0.00
$0.00
$0.00
M-5
5.71000%
$24,743.33
$0.00
$0.00
$0.00
$0.00
$0.00
M-6
5.81000%
$22,271.67
$0.00
$0.00
$0.00
$0.00
$0.00
B-1
6.23000%
$20,766.67
$0.00
$0.00
$0.00
$0.00
$0.00
B-2
6.38000%
$15,950.00
$0.00
$0.00
$0.00
$0.00
$0.00
B-3
7.28000%
$23,220.98
$0.00
$0.00
$0.00
$1,045.69
$0.00
(1) Includes interest shortfalls from previous payments dates plus interest thereon
Page 2 of 30
Contact:
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Distribution Date
25-Oct-06
SPECIALTY UNDERWRITING AND RESIDENTIAL FINANCE TRUST
MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 2006-AB2
STATEMENT TO CERTIFICATE HOLDERS
Reconciliation:
Aggregate Losses:
Available funds (A):
Cumulative Realized Losses
0.00
Servicer remittance
7,717,341.49
Cumulative Liquidated Loan Balance
0.00
Investment Income on the Prefund Account
0.00
Cumulative Recoveries
0.00
Deposits from Class A-1 Certificate Cap Contract
0.00
Cumulative Applied Realized Losses
0.00
Deposits from Class A-2 Certificate Cap Contract
0.00
Deposits from Subordinated Certificate Cap Contract
0.00
7,717,341.49
Distributions (B):
Miscellaneous:
Current Advances
2,116,953.83
Net Payments to Counterparty from Cap Contracts
0.00
Outstanding Advances
2,703,031.17
Total interest distributed
2,256,424.65
Advances Recovered
0.00
Total principal distributed
5,460,916.84
Number of Loans with Relief Act Shortfall
0.00
7,717,341.49
Cumulative Prepayment Penalties
383,478.28
Interest Earnings on Trustee Collection Account
12.99
(A) - (B):
0.00
Prefunding Account:
Totals
Group 1
Group 2
Beginning Balance
0.00
0.00
0.00
Withdrawal: Subsequent Transfer
0.00
0.00
0.00
Withdrawal: certificate principal
0.00
0.00
0.00
Ending Balance
0.00
0.00
0.00
Count of Prefunding Loans
0
0
0
Ending Collateral Balance
368,452,976.88
214,678,884.94
153,774,091.94
ACCOUNT ACTIVITY
Page 3 of 30
Contact:
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Distribution Date
25-Oct-06
SPECIALTY UNDERWRITING AND RESIDENTIAL FINANCE TRUST
MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 2006-AB2
STATEMENT TO CERTIFICATE HOLDERS
Stepdown Trigger Event:
Stepdown Date:
Relevant information:
Relevant information:
A) Current Balance of Loans 60+ days delinq, Bankruptcies, Foreclosures and REOs
11,117,504.88
Class A Certificate Balance
310,313,890.68
B) Ending Collateral Balance
368,452,976.88
68.20% of Stated Balance
251,284,930.23
C) Current Delinquency Rate (A/B)
3.017%
D) 29.83%
29.830%
The later of:
F) Required Percentage %
51.6155%
1) First payment date when Class A Certificate balance is reduced to less than or equal to
G) Applicable % multiplied by Required Percentage %
17.952%
68.20% of Stated Balance.
NO
H) Aggregate Realized Losses
0.000%
2) April 2009
NO
I) Original Collateral Balance
400,000,103.04
NO
J) Cumulative Loss % ( H /I)
0.00
K) Stepdown Required Loss Percentage
100.000%
Overcollateralization:
Ending Overcollateralization Amount
11,800,003.04
Minimum Required Overcollateralization Amount
11,800,003.04
A StepdownTrigger Event will occur if either (1) or (2) is True:
Excess interest distributions:
1) Current Delq. Rate equals or exceeds applicable % multiplied by Required %
NO
Excess available interest (A):
504,560.91
2) Cumulative Loss % exceeds Stepdown Required Loss Percentage (J > K).
NO
NO
1) Extra Principal Distribution Amount to certificates
0.00
a) from Group 1
0.00
a) from Group 2
0.00
2) Unpaid Interest Shortfall Amount
0.00
3) Allocated Realized Loss Amount
0.00
4) Unpaid Net PPIS & RAIS
0.00
5) Remaining Amounts to C
504,560.91
(B):
504,560.91
(A)-(B):
0.00
CREDIT ENHANCEMENT AND TRIGGERS
Page 4 of 30
Contact:
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Distribution Date
25-Oct-06
SPECIALTY UNDERWRITING AND RESIDENTIAL FINANCE TRUST
MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 2006-AB2
STATEMENT TO CERTIFICATE HOLDERS
TOTAL
Group 1
Group 2
POOL BALANCE INFORMATION:
Beginning Balance
373,913,893.72
217,740,038.35
156,173,855.37
Less: Principal Remittance
5,460,916.84
3,061,153.41
2,399,763.43
Less: Net Realized Losses
0.00
0.00
0.00
Plus: Net Substitution Adjustment
0.00
0.00
0.00
Ending Balance
368,452,976.88
214,678,884.94
153,774,091.94
PRINCIPAL REMITTANCE:
Scheduled Principal
167,375.05
107,496.29
59,878.76
Prepayments
4,941,182.66
2,914,628.58
2,026,554.08
Curtailments
53,152.02
39,028.54
14,123.48
Net Liquidation Proceeds
-
-
-
Repurchase Principal
299,207.11
-
299,207.11
Total Principal Remittance (A)
5,460,916.84
3,061,153.41
2,399,763.43
INTEREST REMITTANCE:
Gross Interest
2,326,900.81
1,361,782.48
965,118.33
Less: Total Retained Fees
155,797.62
90,725.19
65,072.43
Less: Deferred Interest
0.00
0.00
0.00
Less: Relief Act Interest Shortfall
0.00
0.00
0.00
Less: Net Prepayment Interest Shortfall
0.00
0.00
0.00
Less: Net Nonrecoverable Advances
441.62
84.00
357.62
Less: Interest Loss
0.00
0.00
0.00
Net Interest Remittance From Servicer(s) (B)
2,170,661.57
1,270,973.29
899,688.28
Prepayment Premiums (C)
85,763.08
63,860.49
21,902.59
Other Funds (D)
-
-
-
REMITTANCE TO TRUST (A+B+C+D):
7,717,341.49
4,395,987.19
3,321,354.30
OTHER INFORMATION:
Beginning Loan Count
1889
1297
592
Less: Paid in Full
26
19
7
Less: Liquidated
0
0
0
Less: Repurchased
1
0
1
Plus: Substitution In
0
0
0
Less: Substitution Out
0
0
0
Ending Loan Count
1862
1278
584
Weighted Average Coupon
7.46771%
7.50500%
7.41572%
Weighted Average Net Coupon
6.96771%
7.00500%
6.91572%
Liquidated Loans - Balance
0.00
0.00
0.00
Subsequent Recovery Amount
0.00
0.00
0.00
Loans w/ Prepayment Penalties - Balance
2,964,972.10
1,499,793.75
1,465,178.35
Loans w/ Prepayment Penalties - Count
14
9
5
Ending Pool Factor
0.92113%
0.92695%
0.91313%
NON-RETAINED FEES:
Excess Servicing Fee
0.00
0.00
0.00
RETAINED FEES:
Servicing Fee
155,797.62
90,725.19
65,072.43
LPMI
-
-
-
Special Servicing Fee
-
-
-
Additional Master Servicing Fee
-
-
-
Backup Servicing Fee
-
-
-
MI Insurer Fee
-
-
-
COLLATERAL REMITTANCE SUMMARY - GROUP
Page 5 of 30
Distribution Date: Oct 25, 2006
COLLATERAL / REMITTANCE SUMMARY - GROUP
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
TOTAL
Group 1
Group 2
POOL BALANCE INFORMATION:
Beginning Balance
Less: Principal Remittance
Plus: Negative Amortization
Plus: Draws (If Applicable)
Less: Net Realized Losses
Ending Balance
BLANK
PRINCIPAL REMITTANCE:
Scheduled Principal
Prepayments
Curtailments
Net Liquidation Proceeds
Repurchase Principal
Total Principal Remittance (A)
BLANK
INTEREST REMITTANCE:
Gross Interest
Less: Total Retained Fees
Less: Deferred Interest
Less: Relief Act Interest Shortfall
Less: Net Prepayment Interest Shortfall
Less: Net Nonrecoverable Advances
Less: Interest Loss
Net Interest Remittance From Servicer(s) (B)
BLANK
Prepayment Premiums (C)
Other Funds (D)
BLANK
REMITTANCE TO TRUST (A+B+C+D):
BLANK
OTHER INFORMATION:
Beginning Loan Count
Ending Loan Count
Ending Pool Factor
BLANK
Weighted Average Coupon
Weighted Average Net Coupon
Weighted Average Maximum Net Coupon
BLANK
Liquidated Loans - Balance
Negative Amortization - Count
Negative Amortization - Balance
Substitution In Loans
Substitution Out Loans
Substitution Adjustment - Principal
Loans w/ Prepayment Penalties - Balance
Loans w/ Prepayment Penalties - Count
Repurchase Loans - Count
Net Recoveries
BLANK
NON-RETAINED FEES:
Excess Servicing Fee
BLANK
RETAINED FEES:
Servicing Fee
LPMI
Special Servicing Fee
Additional Master Servicing Fee
Backup Servicing Fee
Supplemental Insurance Fee
373,913,893.72
5,460,916.84
0.00
368,452,976.88
167,375.05
4,941,182.66
53,152.02
0.00
299,207.11
5,460,916.84
2,326,900.81
155,797.62
0.00
0.00
0.00
441.62
0.00
2,170,661.57
85,763.08
0.00
7,717,341.49
1,889
1,862
0.9211336648
7.46771%
6.96771%
12.19844%
0.00
0.00
0.00
0.00
2,964,972.10
14
1
0.00
0.00
155,797.62
0.00
0.00
0.00
0.00
0.00
217,740,038.35
3,061,153.41
0.00
214,678,884.94
107,496.29
2,914,628.58
39,028.54
0.00
0.00
3,061,153.41
1,361,782.48
90,725.19
0.00
0.00
0.00
84.00
0.00
1,270,973.29
63,860.49
0.00
4,395,987.19
1,297
1,278
0.9269533868
7.50500%
7.00500%
12.11522%
0.00
0.00
0.00
0.00
1,499,793.75
9
0
0.00
0.00
90,725.19
0.00
0.00
0.00
0.00
0.00
156,173,855.37
2,399,763.43
0.00
153,774,091.94
59,878.76
2,026,554.08
14,123.48
0.00
299,207.11
2,399,763.43
965,118.33
65,072.43
0.00
0.00
0.00
357.62
0.00
899,688.28
21,902.59
0.00
3,321,354.30
592
584
0.9131301056
7.41572%
6.91572%
12.31446%
0.00
0.00
0.00
0.00
1,465,178.35
5
1
0.00
0.00
65,072.43
0.00
0.00
0.00
0.00
0.00
Page 6 of 30
Distribution Date: Oct 25, 2006
MORTGAGE LOAN CHARACTERISTICS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
TOTAL
Group 1
Group 2
Count
Balance
%
Count
Balance
%
Count
Balance
%
0K to 99.99K
376
27,859,853.40
7.56%
312
22,852,787.57
10.65%
64
5,007,065.83
3.26%
100K to 199.99K
744
109,913,675.46
29.83%
579
84,815,909.80
39.51%
165
25,097,765.66
16.32%
200K to 299.99K
429
104,365,129.75
28.33%
272
65,598,581.27
30.56%
157
38,766,548.48
25.21%
300K to 399.99K
193
66,261,885.66
17.98%
98
33,689,216.19
15.69%
95
32,572,669.47
21.18%
400K to 499.99K
75
33,593,140.44
9.12%
13
5,595,188.45
2.61%
62
27,997,951.99
18.21%
500K to 599.99K
29
15,613,181.39
4.24%
4
2,127,201.66
0.99%
25
13,485,979.73
8.77%
600K to 699.99K
11
7,082,751.81
1.92%
0
0.00
0.00%
11
7,082,751.81
4.61%
700K to 799.99K
4
2,963,358.97
0.80%
0
0.00
0.00%
4
2,963,358.97
1.93%
800K to 899.99K
1
800,000.00
0.22%
0
0.00
0.00%
1
800,000.00
0.52%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Remaining Principal Balance
Balance
0.00M
20.00M
40.00M
60.00M
80.00M
100.00M
Group 1
Group 2
0K to 99.99K
100K to 199.99K
200K to 299.99K
300K to 399.99K
400K to 499.99K
500K to 599.99K
600K to 699.99K
700K to 799.99K
800K to 899.99K
Balance
Page 7 of 30
Distribution Date: Oct 25, 2006
MORTGAGE LOAN CHARACTERISTICS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
5.00% - 5.49%
1
388,490.23
0.11%
1
388,490.23
0.18%
0
0.00
0.00%
5.50% - 5.99%
36
11,227,371.69
3.05%
21
4,400,478.79
2.05%
15
6,826,892.90
4.44%
6.00% - 6.49%
103
26,657,414.11
7.23%
63
13,504,115.97
6.29%
40
13,153,298.14
8.55%
6.50% - 6.99%
392
90,928,181.73
24.68%
264
53,185,717.23
24.77%
128
37,742,464.50
24.54%
7.00% - 7.49%
307
65,585,948.83
17.80%
220
40,897,035.58
19.05%
87
24,688,913.25
16.06%
7.50% - 7.99%
463
89,431,351.85
24.27%
307
51,236,411.70
23.87%
156
38,194,940.15
24.84%
8.00% - 8.49%
234
40,333,875.84
10.95%
166
23,500,499.12
10.95%
68
16,833,376.72
10.95%
8.50% - 8.99%
183
26,782,720.11
7.27%
128
16,495,309.00
7.68%
55
10,287,411.11
6.69%
9.00% - 9.49%
78
9,974,749.31
2.71%
62
7,263,654.55
3.38%
16
2,711,094.76
1.76%
9.50% - 9.99%
46
4,964,282.32
1.35%
34
2,803,288.24
1.31%
12
2,160,994.08
1.41%
10.00% - 10.49%
16
1,649,106.54
0.45%
10
736,664.96
0.34%
6
912,441.58
0.59%
10.50% - 10.99%
1
262,264.75
0.07%
0
0.00
0.00%
1
262,264.75
0.17%
11.00% - 11.49%
2
267,219.57
0.07%
2
267,219.57
0.12%
0
0.00
0.00%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Gross Rate
Gross Rate
Group 1 Weighted Average Rate: 7.50%
Group 2 Weighted Average Rate: 7.41%
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
1.00% - 1.99%
4
884,010.48
0.30%
3
808,792.52
0.48%
1
75,217.96
0.06%
2.00% - 2.99%
19
4,675,660.64
1.58%
14
3,040,680.04
1.80%
5
1,634,980.60
1.28%
3.00% - 3.99%
43
10,188,603.05
3.44%
28
5,895,376.81
3.50%
15
4,293,226.24
3.36%
4.00% - 4.99%
165
42,110,634.71
14.21%
92
20,170,477.03
11.97%
73
21,940,157.68
17.17%
5.00% - 5.99%
392
88,449,027.45
29.86%
249
46,166,915.65
27.40%
143
42,282,111.80
33.10%
6.00% - 6.99%
601
114,887,933.93
38.78%
425
69,521,705.37
41.26%
176
45,366,228.56
35.51%
7.00% - 7.99%
203
31,733,373.18
10.71%
153
21,235,868.65
12.60%
50
10,497,504.53
8.22%
8.00% - 8.99%
16
3,127,414.99
1.06%
10
1,457,837.79
0.87%
6
1,669,577.20
1.31%
9.00% - 9.99%
1
201,739.52
0.07%
1
201,739.52
0.12%
0
0.00
0.00%
Total
1,444
296,258,397.95
100.00%
975
168,499,393.38
100.00%
469
127,759,004.57
100.00%
Gross Margins
Margin
Group 1 Weighted Average Margin: 5.95%
Group 2 Weighted Average Margin: 5.82%
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
2.00% - 2.99%
2
459,696.88
0.16%
1
194,800.00
0.12%
1
264,896.88
0.21%
3.00% - 3.99%
12
2,467,033.23
0.83%
7
1,440,326.16
0.85%
5
1,026,707.07
0.80%
4.00% - 4.99%
52
12,152,607.88
4.10%
26
5,040,530.47
2.99%
26
7,112,077.41
5.57%
5.00% - 5.99%
64
14,083,666.00
4.75%
47
8,327,578.37
4.94%
17
5,756,087.63
4.51%
6.00% - 6.99%
327
78,995,692.73
26.66%
217
44,995,652.15
26.70%
110
34,000,040.58
26.61%
7.00% - 7.99%
574
121,579,958.59
41.04%
378
69,336,049.15
41.15%
196
52,243,909.44
40.89%
8.00% - 8.99%
314
54,098,689.28
18.26%
223
31,507,064.25
18.70%
91
22,591,625.03
17.68%
9.00% - 9.99%
87
10,893,539.17
3.68%
68
6,951,105.20
4.13%
19
3,942,433.97
3.09%
10.00% - 10.99%
11
1,325,774.67
0.45%
7
504,548.11
0.30%
4
821,226.56
0.64%
11.00% - 11.99%
1
201,739.52
0.07%
1
201,739.52
0.12%
0
0.00
0.00%
Total
1,444
296,258,397.95
100.00%
975
168,499,393.38
100.00%
469
127,759,004.57
100.00%
Lifetime Rate Floors
Floor
Group 1 Weighted Average Lifetime Rate Floor: 7.35%
Group 2 Weighted Average Lifetime Rate Floor: 7.27%
Page 8 of 30
Distribution Date: Oct 25, 2006
MORTGAGE LOAN CHARACTERISTICS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
11.00% - 11.99%
18
5,552,322.40
1.87%
10
2,270,453.52
1.35%
8
3,281,868.88
2.57%
12.00% - 12.99%
196
55,067,298.65
18.59%
121
29,056,924.97
17.24%
75
26,010,373.68
20.36%
13.00% - 13.99%
425
98,779,153.76
33.34%
293
59,616,136.28
35.38%
132
39,163,017.48
30.65%
14.00% - 14.99%
435
83,367,132.39
28.14%
292
46,022,281.79
27.31%
143
37,344,850.60
29.23%
15.00% - 15.99%
277
42,286,097.36
14.27%
191
24,742,643.22
14.68%
86
17,543,454.14
13.73%
16.00% - 16.99%
82
10,015,883.31
3.38%
61
6,130,726.06
3.64%
21
3,885,157.25
3.04%
17.00% - 17.99%
10
988,770.56
0.33%
6
458,488.02
0.27%
4
530,282.54
0.42%
18.00% - 18.99%
1
201,739.52
0.07%
1
201,739.52
0.12%
0
0.00
0.00%
Total
1,444
296,258,397.95
100.00%
975
168,499,393.38
100.00%
469
127,759,004.57
100.00%
Lifetime Rate Ceiling
Ceiling
Group 1 Weighted Average Lifetime Rate Ceiling: 14.05%
Group 2 Weighted Average Lifetime Rate Ceiling: 14.00%
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
6
1,442
296,077,881.94
99.94%
973
168,318,877.37
99.89%
469
127,759,004.57
100.00%
12
2
180,516.01
0.06%
2
180,516.01
0.11%
0
0.00
0.00%
Total
1,444
296,258,397.95
100.00%
975
168,499,393.38
100.00%
469
127,759,004.57
100.00%
Frequency of Interest Rate Adjustments
Months
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
6
1,442
296,077,881.94
99.94%
973
168,318,877.37
99.89%
469
127,759,004.57
100.00%
12
2
180,516.01
0.06%
2
180,516.01
0.11%
0
0.00
0.00%
Total
1,444
296,258,397.95
100.00%
975
168,499,393.38
100.00%
469
127,759,004.57
100.00%
Frequency of Payment Adjustments
Months
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
1 Year LIBOR
2
180,516.01
0.06%
2
180,516.01
0.11%
0
0.00
0.00%
6 Month LIBOR
1,442
296,077,881.94
99.94%
973
168,318,877.37
99.89%
469
127,759,004.57
100.00%
Total
1,444
296,258,397.95
100.00%
975
168,499,393.38
100.00%
469
127,759,004.57
100.00%
Indices
Index
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
2 Units
88
20,961,768.15
5.69%
68
13,844,433.06
6.45%
20
7,117,335.09
4.63%
3 Units
21
6,228,600.56
1.69%
16
4,408,227.74
2.05%
5
1,820,372.82
1.18%
4 Units
19
4,428,176.55
1.20%
12
2,770,100.56
1.29%
7
1,658,075.99
1.08%
High Rise Condo
3
1,115,484.21
0.30%
1
120,425.35
0.06%
2
995,058.86
0.65%
Low Rise Condo
99
18,395,357.61
4.99%
67
10,780,640.85
5.02%
32
7,614,716.76
4.95%
Manufactured Housing
4
412,799.46
0.11%
0
0.00
0.00%
4
412,799.46
0.27%
Planned Unit Development
223
47,951,783.74
13.01%
117
23,382,069.61
10.89%
106
24,569,714.13
15.98%
Row House
7
1,065,263.13
0.29%
5
709,030.48
0.33%
2
356,232.65
0.23%
Single Family
1,381
264,975,176.82
71.92%
979
156,626,195.82
72.96%
402
108,348,981.00
70.46%
Townhouse
17
2,918,566.65
0.79%
13
2,037,761.47
0.95%
4
880,805.18
0.57%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Property Type
Type
Page 9 of 30
Distribution Date: Oct 25, 2006
MORTGAGE LOAN CHARACTERISTICS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
2005
316
66,563,509.11
18.07%
213
36,829,428.93
17.16%
103
29,734,080.18
19.34%
2006
1,546
301,889,467.77
81.93%
1,065
177,849,456.01
82.84%
481
124,040,011.76
80.66%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Year of First Payment Date
Year
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
10.00%-14.99%
1
84,664.42
0.02%
1
84,664.42
0.04%
0
0.00
0.00%
15.00%-19.99%
1
193,928.34
0.05%
1
193,928.34
0.09%
0
0.00
0.00%
20.00%-24.99%
1
64,773.36
0.02%
1
64,773.36
0.03%
0
0.00
0.00%
25.00%-29.99%
4
463,597.60
0.13%
3
366,839.37
0.17%
1
96,758.23
0.06%
30.00%-34.99%
5
790,666.76
0.21%
3
355,568.93
0.17%
2
435,097.83
0.28%
35.00%-39.99%
8
1,126,014.64
0.31%
6
921,812.30
0.43%
2
204,202.34
0.13%
40.00%-44.99%
8
1,605,280.08
0.44%
6
915,280.09
0.43%
2
689,999.99
0.45%
45.00%-49.99%
8
1,752,171.15
0.48%
5
1,095,804.77
0.51%
3
656,366.38
0.43%
50.00%-54.99%
19
2,689,938.50
0.73%
10
1,367,940.18
0.64%
9
1,321,998.32
0.86%
55.00%-59.99%
25
6,197,823.35
1.68%
15
2,818,448.39
1.31%
10
3,379,374.96
2.20%
60.00%-64.99%
29
5,563,222.11
1.51%
24
4,015,537.49
1.87%
5
1,547,684.62
1.01%
65.00%-69.99%
39
8,263,372.02
2.24%
30
5,592,619.34
2.61%
9
2,670,752.68
1.74%
70.00%-74.99%
72
16,660,212.38
4.52%
50
8,840,799.29
4.12%
22
7,819,413.09
5.09%
75.00%-79.99%
124
26,120,197.64
7.09%
89
16,800,164.89
7.83%
35
9,320,032.75
6.06%
80.00%-84.99%
903
171,916,893.65
46.66%
559
86,906,875.45
40.48%
344
85,010,018.20
55.28%
85.00%-89.99%
121
30,319,536.77
8.23%
93
20,058,413.28
9.34%
28
10,261,123.49
6.67%
90.00%-94.99%
235
50,156,010.52
13.61%
191
35,018,159.42
16.31%
44
15,137,851.10
9.84%
95.00%-99.99%
99
18,722,614.84
5.08%
75
12,544,125.25
5.84%
24
6,178,489.59
4.02%
100.0%-105.0%
160
25,762,058.75
6.99%
116
16,717,130.38
7.79%
44
9,044,928.37
5.88%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Original LTV
LTV
Group 1 Weighted Average LTV: 83
Group 2 Weighted Average LTV: 81
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
97 - 120
1
52,949.42
0.01%
0
0.00
0.00%
1
52,949.42
0.03%
145 - 168
1
57,314.81
0.02%
1
57,314.81
0.03%
0
0.00
0.00%
169 - 192
13
1,166,244.15
0.32%
9
843,911.03
0.39%
4
322,333.12
0.21%
217 - 240
3
298,124.86
0.08%
3
298,124.86
0.14%
0
0.00
0.00%
337 - 360
1,671
326,662,055.26
88.66%
1,149
188,457,160.77
87.79%
522
138,204,894.49
89.88%
457 - 480
173
40,216,288.38
10.91%
116
25,022,373.47
11.66%
57
15,193,914.91
9.88%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Remaining Amortization Term
Month
Group 1 Weighted Average Remaining Amortization Months: 365
Group 2 Weighted Average Remaining Amortization Months: 363
Page 10 of 30
Distribution Date: Oct 25, 2006
MORTGAGE LOAN CHARACTERISTICS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
97 - 120
1
52,949.42
0.01%
0
0.00
0.00%
1
52,949.42
0.03%
145 - 168
2
111,613.27
0.03%
1
57,314.81
0.03%
1
54,298.46
0.04%
169 - 192
17
1,658,558.61
0.45%
12
1,213,173.67
0.57%
5
445,384.94
0.29%
217 - 240
3
298,124.86
0.08%
3
298,124.86
0.14%
0
0.00
0.00%
337 - 360
1,839
366,331,730.72
99.42%
1,262
213,110,271.60
99.27%
577
153,221,459.12
99.64%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Remaining Term to Maturity
Month
Group 1 Weighted Average Remaining Months: 351
Group 2 Weighted Average Remaining Months: 351
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
97 - 120
1
52,949.42
0.01%
0
0.00
0.00%
1
52,949.42
0.03%
169 - 192
14
1,223,558.96
0.33%
10
901,225.84
0.42%
4
322,333.12
0.21%
217 - 240
3
298,124.86
0.08%
3
298,124.86
0.14%
0
0.00
0.00%
337 - 360
1,671
326,662,055.26
88.66%
1,149
188,457,160.77
87.79%
522
138,204,894.49
89.88%
457 - 480
173
40,216,288.38
10.91%
116
25,022,373.47
11.66%
57
15,193,914.91
9.88%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Original Amortization Term
Month
Group 1 Weighted Average Original Amortization Months: 373
Group 2 Weighted Average Original Amortization Months: 371
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
97 - 120
1
52,949.42
0.01%
0
0.00
0.00%
1
52,949.42
0.03%
169 - 192
19
1,770,171.88
0.48%
13
1,270,488.48
0.59%
6
499,683.40
0.32%
217 - 240
3
298,124.86
0.08%
3
298,124.86
0.14%
0
0.00
0.00%
337 - 360
1,839
366,331,730.72
99.42%
1,262
213,110,271.60
99.27%
577
153,221,459.12
99.64%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Original Remaining Term to Maturity
Month
Group 1 Weighted Average Original Remaining Months: 359
Group 2 Weighted Average Original Remaining Months: 359
Page 11 of 30
Distribution Date: Oct 25, 2006
MORTGAGE LOAN CHARACTERISTICS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
TOTAL
Group 1
Group 2
Count
Balance ($)
%
Count
Balance ($)
%
Count
Balance ($)
%
ALABAMA
22
3,008,403.70
0.82%
17
2,264,469.12
1.05%
5
743,934.58
0.48%
ARIZONA
149
26,425,639.24
7.17%
113
19,075,224.64
8.89%
36
7,350,414.60
4.78%
ARKANSAS
1
161,910.87
0.04%
0
0.00
0.00%
1
161,910.87
0.11%
CALIFORNIA
236
78,330,058.51
21.26%
98
27,177,389.33
12.66%
138
51,152,669.18
33.26%
COLORADO
22
4,325,636.02
1.17%
16
2,790,648.39
1.30%
6
1,534,987.63
1.00%
CONNECTICUT
20
4,771,970.96
1.30%
17
4,012,528.03
1.87%
3
759,442.93
0.49%
DELAWARE
4
1,229,532.06
0.33%
2
329,829.11
0.15%
2
899,702.95
0.59%
DISTRICT OF COLUMBIA
3
585,977.87
0.16%
3
585,977.87
0.27%
0
0.00
0.00%
FLORIDA
139
26,695,104.34
7.25%
89
15,673,710.60
7.30%
50
11,021,393.74
7.17%
GEORGIA
50
7,194,884.15
1.95%
40
5,521,293.30
2.57%
10
1,673,590.85
1.09%
IDAHO
3
487,296.49
0.13%
2
372,426.59
0.17%
1
114,869.90
0.07%
ILLINOIS
120
25,255,753.86
6.85%
87
16,436,323.65
7.66%
33
8,819,430.21
5.74%
INDIANA
32
3,370,384.36
0.91%
23
2,287,662.05
1.07%
9
1,082,722.31
0.70%
IOWA
6
583,252.97
0.16%
5
483,741.41
0.23%
1
99,511.56
0.06%
KANSAS
16
1,764,051.10
0.48%
15
1,703,448.03
0.79%
1
60,603.07
0.04%
KENTUCKY
22
2,728,111.98
0.74%
17
1,871,336.82
0.87%
5
856,775.16
0.56%
LOUISIANA
13
1,993,449.86
0.54%
9
1,039,535.07
0.48%
4
953,914.79
0.62%
MAINE
4
792,450.35
0.22%
2
411,764.19
0.19%
2
380,686.16
0.25%
MARYLAND
87
22,372,646.17
6.07%
66
14,960,758.21
6.97%
21
7,411,887.96
4.82%
MASSACHUSETTS
17
3,501,151.71
0.95%
15
3,181,236.20
1.48%
2
319,915.51
0.21%
MICHIGAN
117
15,236,275.43
4.14%
100
12,190,232.78
5.68%
17
3,046,042.65
1.98%
MINNESOTA
30
5,255,930.16
1.43%
26
4,081,132.25
1.90%
4
1,174,797.91
0.76%
MISSISSIPPI
9
1,030,609.24
0.28%
8
811,009.55
0.38%
1
219,599.69
0.14%
MISSOURI
35
5,658,193.73
1.54%
28
3,676,218.51
1.71%
7
1,981,975.22
1.29%
MONTANA
1
60,569.06
0.02%
1
60,569.06
0.03%
0
0.00
0.00%
NEBRASKA
4
485,199.95
0.13%
2
206,128.98
0.10%
2
279,070.97
0.18%
NEVADA
49
10,986,819.46
2.98%
26
5,196,867.14
2.42%
23
5,789,952.32
3.77%
NEW HAMPSHIRE
4
729,577.17
0.20%
3
522,732.91
0.24%
1
206,844.26
0.13%
NEW JERSEY
20
5,955,919.14
1.62%
13
3,224,456.78
1.50%
7
2,731,462.36
1.78%
NEW MEXICO
8
1,582,669.73
0.43%
5
712,954.13
0.33%
3
869,715.60
0.57%
NEW YORK
65
19,692,807.36
5.34%
36
8,343,744.13
3.89%
29
11,349,063.23
7.38%
NORTH CAROLINA
24
3,395,229.77
0.92%
20
2,315,415.96
1.08%
4
1,079,813.81
0.70%
NORTH DAKOTA
2
186,771.46
0.05%
1
75,437.04
0.04%
1
111,334.42
0.07%
OHIO
71
9,040,632.34
2.45%
56
7,049,090.63
3.28%
15
1,991,541.71
1.30%
OKLAHOMA
9
961,794.66
0.26%
7
677,699.50
0.32%
2
284,095.16
0.18%
OREGON
31
6,279,021.96
1.70%
23
4,631,146.97
2.16%
8
1,647,874.99
1.07%
PENNSYLVANIA
52
8,617,588.69
2.34%
37
5,066,645.59
2.36%
15
3,550,943.10
2.31%
RHODE ISLAND
12
2,978,981.36
0.81%
9
1,848,687.20
0.86%
3
1,130,294.16
0.74%
SOUTH CAROLINA
13
1,928,376.65
0.52%
11
1,642,241.17
0.76%
2
286,135.48
0.19%
SOUTH DAKOTA
1
55,263.88
0.01%
1
55,263.88
0.03%
0
0.00
0.00%
TENNESSEE
54
5,862,092.90
1.59%
42
3,833,805.99
1.79%
12
2,028,286.91
1.32%
TEXAS
132
16,867,208.48
4.58%
67
6,942,637.82
3.23%
65
9,924,570.66
6.45%
UTAH
18
3,770,274.94
1.02%
10
1,667,297.66
0.78%
8
2,102,977.28
1.37%
VIRGINIA
56
12,973,218.30
3.52%
42
9,028,721.10
4.21%
14
3,944,497.20
2.57%
WASHINGTON
39
7,619,040.54
2.07%
29
5,254,770.88
2.45%
10
2,364,269.66
1.54%
WEST VIRGINIA
2
421,485.00
0.11%
2
421,485.00
0.20%
0
0.00
0.00%
WISCONSIN
38
5,243,758.95
1.42%
37
4,963,189.72
2.31%
1
280,569.23
0.18%
Total
1,862
368,452,976.88
100.00%
1,278
214,678,884.94
100.00%
584
153,774,091.94
100.00%
Geographic Distribution by State
State
Page 12 of 30
Distribution Date: Oct 25, 2006
MORTGAGE LOAN CHARACTERISTICS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
0
2
4
6
8
10
12
14
CALIFORNIA
ARIZONA
ILLINOIS
FLORIDA
MARYLAND
MICHIGAN
VIRGINIA
NEW YORK
OHIO
TEXAS
GEORGIA
WASHINGTON
NEVADA
PENNSYLVANIA
WISCONSIN
OREGON
MINNESOTA
CONNECTICUT
TENNESSEE
MISSOURI
NEW JERSEY
MASSACHUSETTS
COLORADO
NORTH CAROLINA
INDIANA
ALABAMA
KENTUCKY
RHODE ISLAND
KANSAS
UTAH
SOUTH CAROLINA
LOUISIANA
MISSISSIPPI
NEW MEXICO
OKLAHOMA
DISTRICT OF
COLUMBIA
NEW HAMPSHIRE
IOWA
WEST VIRGINIA
MAINE
IDAHO
DELAWARE
NEBRASKA
NORTH DAKOTA
MONTANA
SOUTH DAKOTA
%
Collateral Balance Distribution by State
GROUP 1
0
5
10
15
20
25
30
35
CALIFORNIA
NEW YORK
FLORIDA
TEXAS
ILLINOIS
MARYLAND
ARIZONA
NEVADA
VIRGINIA
PENNSYLVANIA
MICHIGAN
NEW JERSEY
WASHINGTON
UTAH
TENNESSEE
OHIO
MISSOURI
GEORGIA
OREGON
COLORADO
MINNESOTA
RHODE ISLAND
INDIANA
NORTH CAROLINA
LOUISIANA
DELAWARE
NEW MEXICO
KENTUCKY
CONNECTICUT
ALABAMA
MAINE
MASSACHUSETTS
SOUTH CAROLINA
OKLAHOMA
WISCONSIN
NEBRASKA
MISSISSIPPI
NEW HAMPSHIRE
ARKANSAS
IDAHO
NORTH DAKOTA
IOWA
KANSAS
%
Collateral Balance Distribution by State
GROUP 2
Page 13 of 30
Distribution Date: Oct 25, 2006
DELINQUENCY SUMMARY REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Current
30 - 59 days
60 - 89 days
90 - 120 days
120 + days
TOTAL
Delinquent
Loan Count
Sched Bal
Percentage
Actual Bal
1,756
347,601,322.43
96.48%
347,736,824.15
47
9,734,149.57
2.70%
9,744,173.40
12
2,037,634.15
0.57%
2,040,480.55
2
471,610.84
0.13%
473,255.57
2
457,052.66
0.13%
458,954.72
1,819
360,301,769.65
360,453,688.39
Bankruptcy
Loan Count
Sched Bal
Percentage
Actual Bal
4
329,624.96
62.35%
329,886.12
0
0.00
0.00%
0.00
2
199,071.42
37.65%
199,682.66
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
6
528,696.38
529,568.78
Foreclosure
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
16
3,839,041.40
55.27%
3,846,299.05
17
3,107,117.34
44.73%
3,112,782.86
33
6,946,158.74
6,959,081.91
REO
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
4
676,352.11
100.00%
677,676.46
4
676,352.11
677,676.46
TOTAL
Loan Count
Sched Bal
Percentage
Actual Bal
1,760
347,930,947.39
94.43%
348,066,710.27
47
9,734,149.57
2.64%
9,744,173.40
14
2,236,705.57
0.61%
2,240,163.21
18
4,310,652.24
1.17%
4,319,554.62
23
4,240,522.11
1.15%
4,249,414.04
1,862
368,452,976.88
100.00%
368,620,015.54
All Groups
Current
30 - 59
days
60 - 89
days
90 - 120
days
120 + days
Current
94.4%
30 - 59 days
2.6%
60 - 89 days
0.6%
90 - 120 days
1.2%
120 + days
1.2%
Total:
100.0%
Current
30 - 59 days
60 - 89 days
90 - 120 days
120 + days
TOTAL
Delinquent
Loan Count
Sched Bal
Percentage
Actual Bal
1,214
205,407,318.37
97.33%
205,496,160.42
30
4,261,842.89
2.02%
4,267,523.88
6
802,348.29
0.38%
803,770.20
2
471,610.84
0.22%
473,255.57
1
106,613.48
0.05%
106,954.72
1,253
211,049,733.87
211,147,664.79
Bankruptcy
Loan Count
Sched Bal
Percentage
Actual Bal
4
329,624.96
62.35%
329,886.12
0
0.00
0.00%
0.00
2
199,071.42
37.65%
199,682.66
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
6
528,696.38
529,568.78
Foreclosure
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
8
1,583,126.74
55.40%
1,587,733.21
9
1,274,360.59
44.60%
1,277,819.22
17
2,857,487.33
2,865,552.43
REO
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
2
242,967.36
100.00%
243,556.46
2
242,967.36
243,556.46
TOTAL
Loan Count
Sched Bal
Percentage
Actual Bal
1,218
205,736,943.33
95.83%
205,826,046.54
30
4,261,842.89
1.99%
4,267,523.88
8
1,001,419.71
0.47%
1,003,452.86
10
2,054,737.58
0.96%
2,060,988.78
12
1,623,941.43
0.76%
1,628,330.40
1,278
214,678,884.94
100.00%
214,786,342.46
Group 1
Current
30 - 59 days
60 - 89 days
90 - 120 days
120 + days
Current
95.8%
30 - 59 days
2.0%
60 - 89 days
0.5%
90 - 120 days
1.0%
120 + days
0.8%
Total:
100.0%
Page 14 of 30
Distribution Date: Oct 25, 2006
DELINQUENCY SUMMARY REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Current
30 - 59 days
60 - 89 days
90 - 120 days
120 + days
TOTAL
Delinquent
Loan Count
Sched Bal
Percentage
Actual Bal
542
142,194,004.06
95.27%
142,240,663.73
17
5,472,306.68
3.67%
5,476,649.52
6
1,235,285.86
0.83%
1,236,710.35
0
0.00
0.00%
0.00
1
350,439.18
0.23%
352,000.00
566
149,252,035.78
149,306,023.60
Bankruptcy
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00
Foreclosure
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
8
2,255,914.66
55.17%
2,258,565.84
8
1,832,756.75
44.83%
1,834,963.64
16
4,088,671.41
4,093,529.48
REO
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
2
433,384.75
100.00%
434,120.00
2
433,384.75
434,120.00
TOTAL
Loan Count
Sched Bal
Percentage
Actual Bal
542
142,194,004.06
92.47%
142,240,663.73
17
5,472,306.68
3.56%
5,476,649.52
6
1,235,285.86
0.80%
1,236,710.35
8
2,255,914.66
1.47%
2,258,565.84
11
2,616,580.68
1.70%
2,621,083.64
584
153,774,091.94
100.00%
153,833,673.08
Group 2
Current
30 - 59 days
60 - 89 days
90 - 120 days
120 + days
Current
92.5%
30 - 59 days
3.6%
60 - 89 days
0.8%
90 - 120 days
1.5%
120 + days
1.7%
Total:
100.0%
Page 15 of 30
Distribution Date: Oct 25, 2006
DELINQUENCY SUMMARY REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
30 - 59 days
60 - 89 days
90 - 120 days
120 + days
TOTAL
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Delinquent
47
9,734,149.57
76.64%
12
2,037,634.15
16.04%
2
471,610.84
3.71%
2
457,052.66
3.60%
63
12,700,447.22
Bankruptcy
0
0.00
0.00%
2
199,071.42
100.00%
0
0.00
0.00%
0
0.00
0.00%
2
199,071.42
Foreclosure
0
0.00
0.00%
0
0.00
0.00%
16
3,839,041.40
55.27%
17
3,107,117.34
44.73%
33
6,946,158.74
REO
0
0.00
0.00%
0
0.00
0.00%
0
0.00
0.00%
4
676,352.11
100.00%
4
676,352.11
TOTAL
47
9,734,149.57
47.43%
14
2,236,705.57
10.90%
18
4,310,652.24
21.00%
23
4,240,522.11
20.66%
102
20,522,029.49
100.00%
All Groups
30 - 59 days
60 - 89 days
90 - 120 days
120 + days
TOTAL
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Delinquent
30
4,261,842.89
75.53%
6
802,348.29
14.22%
2
471,610.84
8.36%
1
106,613.48
1.89%
39
5,642,415.50
Bankruptcy
0
0.00
0.00%
2
199,071.42
100.00%
0
0.00
0.00%
0
0.00
0.00%
2
199,071.42
Foreclosure
0
0.00
0.00%
0
0.00
0.00%
8
1,583,126.74
55.40%
9
1,274,360.59
44.60%
17
2,857,487.33
REO
0
0.00
0.00%
0
0.00
0.00%
0
0.00
0.00%
2
242,967.36
100.00%
2
242,967.36
TOTAL
30
4,261,842.89
47.66%
8
1,001,419.71
11.20%
10
2,054,737.58
22.98%
12
1,623,941.43
18.16%
60
8,941,941.61
100.00%
Group 1
30 - 59 days
60 - 89 days
90 - 120 days
120 + days
TOTAL
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Count
Balance ($)
% of Bal
Delinquent
17
5,472,306.68
77.53%
6
1,235,285.86
17.50%
0
0.00
0.00%
1
350,439.18
4.97%
24
7,058,031.72
Bankruptcy
0
0.00
0.00%
0
0.00
0.00%
0
0.00
0.00%
0
0.00
0.00%
0
0.00
Foreclosure
0
0.00
0.00%
0
0.00
0.00%
8
2,255,914.66
55.17%
8
1,832,756.75
44.83%
16
4,088,671.41
REO
0
0.00
0.00%
0
0.00
0.00%
0
0.00
0.00%
2
433,384.75
100.00%
2
433,384.75
TOTAL
17
5,472,306.68
47.26%
6
1,235,285.86
10.67%
8
2,255,914.66
19.48%
11
2,616,580.68
22.60%
42
11,580,087.88
100.00%
Group 2
20.77
4.88
10.01
7.91
26.67
6.02
10.99
12.75
120 + days
90 - 120 days
60 - 89 days
30 - 59 days
0
4
8
12
16
20
24
28
Group 1
Group 2
0
4
8
12
16
20
24
28
%
%
Distribution of Delinquencies By Group and Days. (total 100%)
27.49
0.97
13.92
1.18
34.39
0.00
19.92
2.11
REO
Foreclosure
Bankruptcy
Delinquent
0
5
10
15
20
25
30
35
Group 1
Group 2
0
5
10
15
20
25
30
35
%
%
Distribution of Delinquencies By Group and Status Type. (total 100%)
Page 16 of 30
Distribution Date: Oct 25, 2006
DELINQUENCY SUMMARY 120+ DAYS BREAKDOWN REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
120 - 149 days
150 - 179 days
180 - 269 days
270 - 359 days
360 + days
TOTAL
Delinquent
Loan Count
Sched Bal
Percentage
Actual Bal
2
457,052.66
100.00%
458,954.72
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
2
457,052.66
458,954.72
Bankruptcy
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00
Foreclosure
Loan Count
Sched Bal
Percentage
Actual Bal
5
1,115,500.94
35.90%
1,115,702.75
7
1,105,133.76
35.57%
1,106,376.20
5
886,482.64
28.53%
890,703.91
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
17
3,107,117.34
3,112,782.86
REO
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
3
505,232.11
74.70%
506,556.46
1
171,120.00
25.30%
171,120.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
4
676,352.11
677,676.46
TOTAL
Loan Count
Sched Bal
Percentage
Actual Bal
7
1,572,553.60
37.08%
1,574,657.47
10
1,610,365.87
37.98%
1,612,932.66
6
1,057,602.64
24.94%
1,061,823.91
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
23
4,240,522.11
100.00%
4,249,414.04
All Groups
120 - 149 days
150 - 179 days
180 - 269 days
270 - 359 days
360 + days
TOTAL
Delinquent
Loan Count
Sched Bal
Percentage
Actual Bal
1
106,613.48
100.00%
106,954.72
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
1
106,613.48
106,954.72
Bankruptcy
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00
Foreclosure
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
6
833,733.76
65.42%
834,976.20
3
440,626.83
34.58%
442,843.02
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
9
1,274,360.59
1,277,819.22
REO
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
2
242,967.36
100.00%
243,556.46
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
2
242,967.36
243,556.46
TOTAL
Loan Count
Sched Bal
Percentage
Actual Bal
1
106,613.48
6.57%
106,954.72
8
1,076,701.12
66.30%
1,078,532.66
3
440,626.83
27.13%
442,843.02
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
12
1,623,941.43
100.00%
1,628,330.40
Group 1
Page 17 of 30
Distribution Date: Oct 25, 2006
DELINQUENCY SUMMARY 120+ DAYS BREAKDOWN REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
120 - 149 days
150 - 179 days
180 - 269 days
270 - 359 days
360 + days
TOTAL
Delinquent
Loan Count
Sched Bal
Percentage
Actual Bal
1
350,439.18
100.00%
352,000.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
1
350,439.18
352,000.00
Bankruptcy
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
0
0.00
0.00
Foreclosure
Loan Count
Sched Bal
Percentage
Actual Bal
5
1,115,500.94
60.86%
1,115,702.75
1
271,400.00
14.81%
271,400.00
2
445,855.81
24.33%
447,860.89
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
8
1,832,756.75
1,834,963.64
REO
Loan Count
Sched Bal
Percentage
Actual Bal
0
0.00
0.00%
0.00
1
262,264.75
60.52%
263,000.00
1
171,120.00
39.48%
171,120.00
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
2
433,384.75
434,120.00
TOTAL
Loan Count
Sched Bal
Percentage
Actual Bal
6
1,465,940.12
56.03%
1,467,702.75
2
533,664.75
20.40%
534,400.00
3
616,975.81
23.58%
618,980.89
0
0.00
0.00%
0.00
0
0.00
0.00%
0.00
11
2,616,580.68
100.00%
2,621,083.64
Group 2
Page 18 of 30
Distribution Date: Oct 25, 2006
DELINQUENCY HISTORY REPORT - SIX MONTHS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
June 2006
July 2006
August 2006
September 2006
October 2006
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
30 - 59 days
27
4,567,454.31
27
5,287,132.78
34
8,308,020.16
30
5,976,370.67
47
9,734,149.57
60 - 89 days
8
1,335,257.83
13
2,006,944.92
14
2,718,000.80
22
5,282,782.12
14
2,236,705.57
90 - 120 days
0
0.00
7
1,118,693.59
10
1,611,113.47
10
2,053,992.71
18
4,310,652.24
120 + days
0
0.00
0
0.00
7
1,118,125.25
16
2,668,884.91
23
4,240,522.11
Bankruptcy
2
177,513.20
3
267,479.65
3
206,876.23
4
345,836.43
6
528,696.38
Foreclosure
0
0.00
4
813,583.18
13
2,092,328.53
19
3,356,465.74
33
6,946,158.74
REO
0
0.00
0
0.00
0
0.00
2
416,626.65
4
676,352.11
All Groups
* Delinquency counts and amounts include loans in Bankruptcy, Forclosure and REO's
0.00M
1.00M
2.00M
3.00M
4.00M
5.00M
6.00M
7.00M
8.00M
9.00M
10.00M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
30 - 59 days
0.00M
1.00M
2.00M
3.00M
4.00M
5.00M
6.00M
7.00M
8.00M
9.00M
10.00M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
60 - 89 days
0.00M
1.00M
2.00M
3.00M
4.00M
5.00M
6.00M
7.00M
8.00M
9.00M
10.00M
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
90 - 120 days
0.00M
1.00M
2.00M
3.00M
4.00M
5.00M
6.00M
7.00M
8.00M
9.00M
10.00M
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
120 + days
0.00M
1.00M
2.00M
3.00M
4.00M
5.00M
6.00M
7.00M
8.00M
9.00M
10.00M
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
REO
0.00M
1.00M
2.00M
3.00M
4.00M
5.00M
6.00M
7.00M
8.00M
9.00M
10.00M
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
Foreclosure
0.00M
1.00M
2.00M
3.00M
4.00M
5.00M
6.00M
7.00M
8.00M
9.00M
10.00M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
Bankruptcy
Page 19 of 30
Distribution Date: Oct 25, 2006
DELINQUENCY HISTORY REPORT - SIX MONTHS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
June 2006
July 2006
August 2006
September 2006
October 2006
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
30 - 59 days
22
3,276,886.91
13
1,720,463.76
17
2,519,955.76
13
1,950,305.38
30
4,261,842.89
60 - 89 days
4
501,264.50
11
1,472,959.51
5
507,021.55
12
2,103,963.23
8
1,001,419.71
90 - 120 days
0
0.00
4
500,951.80
8
1,077,234.01
3
288,546.89
10
2,054,737.58
120 + days
0
0.00
0
0.00
4
500,636.88
11
1,517,879.28
12
1,623,941.43
Bankruptcy
2
177,513.20
3
267,479.65
3
206,876.23
4
345,836.43
6
528,696.38
Foreclosure
0
0.00
1
195,841.39
9
1,212,360.70
10
1,352,297.42
17
2,857,487.33
REO
0
0.00
0
0.00
0
0.00
1
154,254.07
2
242,967.36
Group 1
* Delinquency counts and amounts include loans in Bankruptcy, Forclosure and REO's
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
30 - 59 days
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
60 - 89 days
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
90 - 120 days
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
120 + days
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
REO
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
Foreclosure
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
Bankrupcty
Page 20 of 30
Distribution Date: Oct 25, 2006
DELINQUENCY HISTORY REPORT - SIX MONTHS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
June 2006
July 2006
August 2006
September 2006
October 2006
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
Count
Balance ($)
30 - 59 days
5
1,290,567.40
14
3,566,669.02
17
5,788,064.40
17
4,026,065.29
17
5,472,306.68
60 - 89 days
4
833,993.33
2
533,985.41
9
2,210,979.25
10
3,178,818.89
6
1,235,285.86
90 - 120 days
0
0.00
3
617,741.79
2
533,879.46
7
1,765,445.82
8
2,255,914.66
120 + days
0
0.00
0
0.00
3
617,488.37
5
1,151,005.63
11
2,616,580.68
Foreclosure
0
0.00
3
617,741.79
4
879,967.83
9
2,004,168.32
16
4,088,671.41
REO
0
0.00
0
0.00
0
0.00
1
262,372.58
2
433,384.75
Group 2
* Delinquency counts and amounts include loans in Bankruptcy, Forclosure and REO's
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
30 - 59 days
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
60 - 89 days
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
90 - 120 days
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
120 + days
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
REO
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Balance ($)
Foreclosure
Page 21 of 30
Distribution Date: Oct 25, 2006
CPR/CDR HISTORY REPORT - SIX MONTHS
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Group 1
Group 2
Total
Current
15.12%
2,953,657.12
16.57%
2,339,884.67
15.73%
5,293,541.79
3 Month
17.63%
19.11%
18.26%
Life CPR
16.49%
20.33%
18.08%
Voluntary Constant Prepayment Rates (CPR)
Group 1
Group 2
Total
Current
0.00%
0.00
0.00%
0.00
0.00%
0.00
3 Month
0.00%
0.00%
0.00%
Life CDR
0.00%
0.00%
0.00%
Constant Default Rates (CDR)
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Group 1
Group 2
Total
Percentage
Current CPR
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Group 1
Group 2
Total
Amount ($)
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Group 1
Group 2
Total
Percentage
Current CDR
0M
1M
2M
3M
4M
5M
6M
7M
8M
9M
10M
6/
1/
20
06
7/
1/
20
06
8/
1/
20
06
9/
1/
20
06
10
/1
/2
00
6
Group 1
Group 2
Total
Amount ($)
Page 22 of 30
Distribution Date: Oct 25, 2006
BANKRUPTCY LOAN DETAIL REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Bankruptcy
Count
Balance ($)
%
GROUP 1
6
528,696.38
100.00%
TOTAL:
6
528,696.38
100.00%
GROUP 1
GROUP 1 100.0%
Total:
100.0%
GROUP 1
Next Due Date
Rate %
Ending Balance
Original Balance
Loan Number
Orig Term
204077815
59,750.00
59,373.44
8.95%
07/01/2006
360
120996685
67,920.00
67,634.05
8.64%
10/01/2006
360
120981541
90,250.00
89,100.09
9.15%
09/01/2006
360
120996263
116,000.00
115,466.02
8.20%
10/01/2006
360
121019293
140,400.00
139,697.98
6.99%
07/01/2006
360
121013872
57,600.00
57,424.80
9.45%
10/01/2006
360
Total:
6
528,696.38
531,920.00
Page 23 of 30
Distribution Date: Oct 25, 2006
FORECLOSURE LOAN DETAIL REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Foreclosure
Count
Balance ($)
%
GROUP 1
17
2,857,487.33
41.14%
GROUP 2
16
4,088,671.41
58.86%
TOTAL:
33
6,946,158.74
100.00%
GROUP 1
GROUP 2
GROUP 1 41.1%
GROUP 2 58.9%
Total:
100.0%
GROUP 1
Next Due Date
Rate %
Ending Balance
Original Balance
Loan Number
Orig Term
120920759
74,700.00
74,338.45
9.75%
04/01/2006
360
121000549
91,920.00
91,529.01
8.59%
06/01/2006
360
120993130
118,000.00
117,999.25
8.25%
04/01/2006
360
120889025
126,400.00
125,739.69
8.85%
06/01/2006
360
121015762
132,720.00
132,261.96
8.84%
06/01/2006
360
120889016
138,600.00
137,853.49
8.70%
04/01/2006
360
120999961
148,000.00
148,000.00
7.99%
04/01/2006
360
204077043
154,000.00
152,926.25
8.50%
06/01/2006
360
120993314
155,200.00
154,580.48
8.90%
06/01/2006
360
120993334
168,000.00
167,336.18
8.95%
06/01/2006
360
120974291
176,000.00
175,542.57
7.64%
04/01/2006
360
120874601
178,400.00
178,398.31
7.44%
06/01/2006
360
120999944
180,000.00
180,000.00
7.59%
04/01/2006
360
204077017
189,000.00
187,850.54
9.13%
03/01/2006
360
204077534
196,823.00
195,406.87
7.80%
03/01/2006
360
204074743
585,000.00
580,354.86
7.80%
06/01/2006
360
120981505
57,600.00
57,369.42
9.55%
03/01/2006
360
Total:
17
2,857,487.33
2,870,363.00
GROUP 2
Next Due Date
Rate %
Ending Balance
Original Balance
Loan Number
Orig Term
120922339
70,400.00
70,100.94
9.85%
05/01/2006
360
121013788
160,000.00
160,000.00
8.60%
06/01/2006
360
204070948
164,000.00
164,000.00
8.65%
06/01/2006
360
120981711
216,000.00
215,144.08
9.60%
03/01/2006
360
120993361
216,000.00
216,000.00
9.45%
05/01/2006
360
120920667
229,200.00
227,630.28
7.50%
06/01/2006
360
120889007
232,000.00
230,711.73
8.55%
03/01/2006
360
120996297
256,000.00
256,000.00
8.70%
05/01/2006
360
120996340
271,400.00
271,400.00
6.75%
04/01/2006
360
120874546
276,000.00
276,000.00
7.39%
06/01/2006
360
121013785
284,000.00
284,000.00
9.00%
05/01/2006
360
120993327
289,400.00
289,400.00
8.30%
05/01/2006
360
120874295
292,000.00
292,000.00
8.25%
06/01/2006
360
120886667
332,000.00
332,000.00
7.83%
06/01/2006
360
121013880
366,400.00
366,400.00
8.85%
06/01/2006
360
121015766
440,000.00
437,884.38
7.19%
06/01/2006
360
Page 24 of 30
Distribution Date: Oct 25, 2006
FORECLOSURE LOAN DETAIL REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Total:
16
4,088,671.41
4,094,800.00
Page 25 of 30
Distribution Date: Oct 25, 2006
REO LOAN DETAIL REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
REO
Count
All ($)
%
Count
New ($)
%
GROUP 1
2
242,967.36
35.92%
1
88,799.40
34.16%
GROUP 2
2
433,384.75
64.08%
1
171,120.00
65.84%
TOTAL:
4
676,352.11
100.00%
2
259,919.40
100.00%
GROUP 1
GROUP 2
GROUP 1 35.9%
GROUP 2 64.1%
Total:
100.0%
GROUP 1
Next Due Date
Rate %
Ending Balance
Original Balance
Loan Number
Orig Term
New REO?
Book Value
120946300
88,800.00
88,799.40
8.10%
04/01/2006
360
Yes
115,000.00
120889174
155,000.00
154,167.96
9.25%
04/01/2006
360
205,000.00
Total:
2
242,967.36
243,800.00
GROUP 2
Next Due Date
Rate %
Ending Balance
Original Balance
Loan Number
Orig Term
New REO?
Book Value
204070705
171,120.00
171,120.00
7.45%
03/01/2006
360
Yes
180,000.00
120996373
263,000.00
262,264.75
10.60%
04/01/2006
360
210,000.00
Total:
2
433,384.75
434,120.00
Page 26 of 30
Distribution Date: Oct 25, 2006
PREPAYMENT & LIQUIDATION LOAN DETAIL REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
Count
Original
Balance
Prepayment
Liquidation
Group
Begin Balance
GROUP 1
19
2,927,175.00
2,914,628.58
0.00
217,740,038.35
GROUP 2
8
2,330,114.00
2,325,761.19
0.00
156,173,855.37
TOTAL:
27
5,257,289.00
5,240,389.77
0.00
1.34%
98.66%
1
1.49%
98.51%
2
Prepayment
Liquidation
Beginning Balance
GROUP 1
Prepayment
Scheduled
Principal
Beginning
Balance
Original
Balance
Loan Num
Liquidation
Proceeds
Loss
Add'l Loss
Payoff Desc
Paid Off
Date
Add'l Loss
Date
Loan Rate
Loss
Severity
Prepayment
Penalty
120889163
108,775.00
108,276.85
108,219.29
0.00
0.00
0.00 Voluntary PIF
09/20/2006
57.56
9.490%
0.00
120921971
111,000.00
110,227.69
110,128.67
0.00
0.00
0.00 Voluntary PIF
09/29/2006
99.02
6.800%
5,511.38
120922227
155,000.00
154,916.15
154,916.15
0.00
0.00
0.00 Voluntary PIF
09/22/2006
0.00
6.990%
7,745.81
121000399
56,250.00
56,060.20
56,027.74
0.00
0.00
0.00 Voluntary PIF
09/20/2006
32.46
8.950%
0.00
121017637
342,000.00
340,762.65
340,516.83
0.00
0.00
0.00 Voluntary PIF
09/15/2006
245.82
7.825%
0.00
121019164
84,800.00
84,511.11
84,452.17
0.00
0.00
0.00 Voluntary PIF
09/30/2006
58.94
7.990%
846.28
120874317
76,500.00
76,500.00
76,500.00
0.00
0.00
0.00 Voluntary PIF
09/28/2006
0.00
6.890%
765.00
120922127
144,000.00
142,974.32
142,856.86
0.00
0.00
0.00 Voluntary PIF
09/30/2006
117.46
7.300%
7,200.00
120981555
69,000.00
68,756.71
68,720.84
0.00
0.00
0.00 Voluntary PIF
09/26/2006
35.87
9.500%
0.00
120993178
109,200.00
109,200.00
109,200.00
0.00
0.00
0.00 Voluntary PIF
09/20/2006
0.00
8.650%
0.00
121017413
242,250.00
242,250.00
242,250.00
0.00
0.00
0.00 Voluntary PIF
09/30/2006
0.00
7.890%
0.00
120936811
158,800.00
157,797.60
157,668.85
0.00
0.00
0.00 Voluntary PIF
09/30/2006
128.75
7.300%
7,887.16
120936853
213,000.00
209,165.83
208,727.56
0.00
0.00
0.00 Voluntary PIF
09/18/2006
438.27
6.850%
5,719.81
121000432
204,800.00
204,276.58
204,187.64
0.00
0.00
0.00 Voluntary PIF
09/30/2006
88.94
6.650%
0.00
121007706
344,000.00
344,000.00
344,000.00
0.00
0.00
0.00 Voluntary PIF
09/30/2006
0.00
7.990%
17,200.00
121019765
54,800.00
54,613.32
54,575.23
0.00
0.00
0.00 Voluntary PIF
09/28/2006
38.09
7.990%
0.00
204077453
220,000.00
219,701.05
219,701.05
0.00
0.00
0.00 Voluntary PIF
09/19/2006
0.00
6.350%
10,985.05
120921453
89,000.00
88,583.98
88,530.25
0.00
0.00
0.00 Voluntary PIF
09/30/2006
53.73
8.800%
0.00
120946770
144,000.00
143,511.99
143,449.45
0.00
0.00
0.00 Voluntary PIF
09/30/2006
62.54
6.690%
0.00
Total:
19
2,927,175.00
2,916,086.03
1,457.45
2,914,628.58
0.00
0.00
0.00
63,860.49
Page 27 of 30
Distribution Date: Oct 25, 2006
PREPAYMENT & LIQUIDATION LOAN DETAIL REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
GROUP 2
Prepayment
Scheduled
Principal
Beginning
Balance
Original
Balance
Loan Num
Liquidation
Proceeds
Loss
Add'l Loss
Payoff Desc
Paid Off
Date
Add'l Loss
Date
Loan Rate
Loss
Severity
Prepayment
Penalty
120974259
312,000.00
311,306.67
311,218.55
0.00
0.00
0.00 Voluntary PIF
09/30/2006
88.12
8.240%
0.00
121017693
315,000.00
314,302.79
314,161.07
0.00
0.00
0.00 Voluntary PIF
09/30/2006
141.72
6.500%
3,143.03
120874607
145,284.00
144,316.09
144,205.09
0.00
0.00
0.00 Voluntary PIF
09/25/2006
111.00
7.640%
0.00
120874550
448,000.00
448,000.00
448,000.00
0.00
0.00
0.00 Voluntary PIF
09/26/2006
0.00
6.090%
10,913.28
204077013
180,880.00
180,880.00
180,880.00
0.00
0.00
0.00 Voluntary PIF
09/19/2006
0.00
7.375%
0.00
121019621
420,700.00
419,984.93
419,839.37
0.00
0.00
0.00 Voluntary PIF
09/30/2006
145.56
7.450%
3,473.58
121044766
300,000.00
299,207.11
299,207.11
0.00
0.00
0.00 Repurchase
0.00
10.150%
0.00
204077256
208,250.00
208,250.00
208,250.00
0.00
0.00
0.00 Voluntary PIF
09/30/2006
0.00
7.400%
2,082.50
Total:
8
2,330,114.00
2,326,247.59
486.40
2,325,761.19
0.00
0.00
0.00
19,612.39
Page 28 of 30
Distribution Date: Oct 25, 2006
MATERIAL MODIFICATIONS, EXTENSIONS, WAIVERS LOAN DETAIL REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
#
U.S. Bank National Association in its respective capacity under the transaction documents is not aware of any
material modifications, extensions or waivers to pool asset terms, fees, penalties or payments #
Page 29 of 30
Distribution Date: Oct 25, 2006
MATERIAL BREACHES LOAN DETAIL REPORT
Contact:
Specialty Underwriting And Residential Finance Trust Mortgage Loan Asset-Backed Certificates, Series
2006-AB2
Derek Klein
Account Administrator
651-495-3849
derek.klein@usbank.com
#
U.S. Bank National Association in its respective capacity under the transaction documents is not aware of any
material modifications, extensions or waivers to pool asset terms, fees, penalties or payments #
Page 30 of 30