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

                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): July 11, 2006

STANWICH ASSET ACCEPTANCE COMPANY, L.L.C. (as seller under a Pooling and
servicing Agreement, dated as of June 1, 2006, providing for, inter alia, the
issuance of Carrington Mortgage Loan Trust, Series 2006-FRE1 Asset-Backed
Pass-Through Certificates)

                   STANWICH ASSET ACCEPTANCE COMPANY, L.L.C.,
   on behalf of Carrington Mortgage Loan Trust, Series 2006-FRE1 Asset-Backed
                           Pass-Through Certificates
             (Exact name of registrant as specified in its charter)

            Delaware                    333-124562-04             20-2698835
(State or other jurisdiction of   (Commission File Number)      (IRS Employer
         incorporation)                                      Identification No.)

      Seven Greenwich Office Park
         599 West Putnam Avenue
         Greenwich, Connecticut                                     06830
(Address of principal executive office)                           (Zip Code)

                                 (203) 661-6186
              (Registrant's telephone number, including area code)

                                       N/A
             (Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[_]  Written communication pursuant to Rule 425 under the Securities Act (17 CFR
     230.425)

[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



                    INFORMATION TO BE INCLUDED IN THE REPORT

SECTION 8 - OTHER EVENTS.

ITEM 8.01. OTHER EVENTS.

On June 28, 2006, the Registrant caused the issuance and sale of Carrington
Mortgage Loan Trust, Series 2006-FRE1 Asset-Backed Pass-Through Certificates,
Class A-1, Class A-2, Class A-3, Class A-4, Class M-1, Class M-2, Class M-3,
Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10,
Class CE, Class P, Class R-I and Class R-II Certificates (the "Certificates")
pursuant to a Pooling and Servicing Agreement dated as of June 1, 2006, among
the Registrant, Fremont Investment & Loan, as Servicer, and Wells Fargo Bank,
N.A., as Trustee. The mortgage loans were sold to the Registrant pursuant to a
Mortgage Loan Purchase Agreement, dated as of June 28, 2006, among the
Registrant, Fremont Investment & Loan, as Responsible Party, and Carrington
Securities, LP, as Seller. Two separate Cap Contracts (the "Class A Cap
Confirmation" and the "Class B Cap Confirmation"), both dated June 28, 2006,
were entered into by Swiss Re Financial Products Corporation, as the cap
contracts provider and Wells Fargo Bank, N.A, as trustee.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 (C). EXHIBITS.

     (c)  Exhibits: The following execution copies of Exhibits to the Form S-3
          Registration Statement of the Registrant are hereby filed.

          10.1 Pooling and Servicing Agreement and the exhibits thereto, dated
               as of June 1, 2006, among the Registrant, Fremont Investment &
               Loan, as Servicer, and Wells Fargo Bank, N.A., as Trustee.

          10.2 Mortgage Loan Purchase Agreement, dated as of June 28, 2006,
               among the Registrant, Fremont Investment & Loan and Carrington
               Securities, LP.

          10.3 Cap Contract Confirmation relating to the Class A Certificates,
               dated June 28, 2006, between Swiss Re Financial Products
               Corporation and Wells Fargo Bank, N.A.

          10.4 Cap Contract Confirmation relating to the Class M Certificates,
               dated June 28, 2006, between Swiss Re Financial Products
               Corporation and Wells Fargo Bank, N.A.



                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        STANWICH ASSET ACCEPTANCE COMPANY,
                                        L.L.C.


                                        By: /s/ Bruce M. Rose
                                            ------------------------------------
                                        Name: Bruce M. Rose
                                        Title: President

Dated: July 11, 2006



                                  Exhibit Index

Exhibit No.   Description
-----------   -----------
    10.1      Pooling and Servicing Agreement and the exhibits thereto, dated as
              of June 1, 2006, among the Registrant, Fremont Investment & Loan,
              as Servicer, and Wells Fargo Bank, N.A., as Trustee.

    10.2      Mortgage Loan Purchase Agreement, dated as of June 28, 2006, among
              the Registrant, Fremont Investment & Loan and Carrington
              Securities, LP.

    10.3      Cap Contract Confirmation relating to the Class A Certificates,
              dated June 28, 2006, between Swiss Re Financial Products
              Corporation and Wells Fargo Bank, N.A.

    10.4      Cap Contract Confirmation relating to the Class M Certificates,
              dated June 28, 2006, between Swiss Re Financial Products
              Corporation and Wells Fargo Bank, N.A.