10-K 1 sec10k.txt 10K 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 For the fiscal year ended December 31, 2006 ----------------------------------------------- or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ------------------- -------------------- Commission file number 333-131641-04 ------------------- American Home Mortgage Assets Trust 2006-4 ------------------------------------------------------------------------- (Exact name of issuing entity as specified in its charter) American Home Mortgage Assets LLC ------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) American Home Mortgage Corp. ------------------------------------------------------------------------- (Exact name of sponsor as specified in its charter) New York 72-1600641 ------------------------------ --------------------------------- State or other jurisdiction of (I.R.S. Employer incorporation or organization Identification No.) 538 Broadhollow Road, Melville, New York 11747 ------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (516)-396-7700 ----------------------- Securities registered pursuant to Section 12(b) of the Act: NONE. Title of each class Name of each exchange of which registered ---------------------------------- --------------------------------- ---------------------------------- --------------------------------- Securities registered pursuant to section 12(g) of the Act: None. ------------------------------------------------------------------------- (Title of class) ------------------------------------------------------------------------- (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No X ------- ------- Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No X ------- ------- Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ------- ------- Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ------- Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer Accelerated filer Non-accelerated filer X ---- ---- ---- Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No X ------- ------- State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. Not Applicable DOCUMENTS INCORPORATED BY REFERENCE List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980). None PART I Item 1. Business. Omitted. Item 1A. Risk Factors. Omitted. Item 1B. Unresolved Staff Comments. None. Item 2. Properties. Omitted. Item 3. Legal Proceedings. Omitted. Item 4. Submission of Matters to a Vote of Security Holders. Omitted. PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Omitted. Item 6. Selected Financial Data. Omitted. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. Omitted. Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Omitted. Item 8. Financial Statements and Supplementary Data. Omitted. Item 9. Changes in and Disagreements With Accountants on Accounting and Omitted. Item 9A. Controls and Procedures. Omitted. Item 9A(T). Controls and Procedure. Omitted. Item 9B. Other Information. None. PART III Item 10. Directors, Executive Officers and Corporate Governance. Omitted. Item 11. Executive Compensation. Omitted. Item 12. Security Ownership of Certain Beneficial Owners and Management and Omitted. Item 13. Certain Relationships and Related Transactions, and Director Independence. Omitted. Item 14. Principal Accounting Fees and Services. Omitted. ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB Item 1112(b) of Regulation AB. Significant Obligor Financial Information Not Applicable. Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivative Instruments (Information Regarding Significant Enhancement Providers Financial Information). No entity or group of affiliated entities provided any external credit enhancement, uses any deriviative instruments or other support for the certificates within this transaction. Item 1115(b) of Regulation AB. Certain Derivative Instruments. No applicable updates. Item 1117 of Regulation AB. Legal Proceedings. No applicable updates. Item 1119 of Regulation AB. Affiliation and Certain Relationships and Related Transactions. No applicable updates. Item 1122 of Regulation AB. Compliance with Applicable Servicing Criteria. See Item 15. Item 1123 of Regulation AB. Servicer Compliance Statement. See Item 15. PART IV Item 15. Exhibits, Financial Statement Schedules. (a) Exhibits (1.1) Underwriting Agreement, dated August 11, 2006, among American Home Mortgage Corp., American Home Mortgage Assets LLC and Deutsche Bank Securities, Inc, originally filed on Form 8-K on October 10, 2006 and incorporated by reference herein. (4.1) Pooling and Servicing Agreement, dated as of August 1, 2006, among American Home Mortgage Assets LLC, as depositor, Wells Fargo Bank, N.A., as master servicer, and Citibank, N.A., as trustee, originally filed on Form 8-K on October 10, 2006 and incorporated by reference herein. (31) Rule 13a-14(d)/15d-14(d) Certification. (33) Reports on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities. (a) American Home Mortgage Servicing, Inc. as Servicer (b) Deutsche Bank National Trust Company, as Custodian (c) Wells Fargo Bank, N.A., as Master Servicer (d) Citibank N.A., as Trustee (34) Attestation Report on Assessment of Compliance with Servicing Criteria for Asset Backed Securities. (a) American Home Mortgage Servicing, Inc. as Servicer (b) Deutsche Bank National Trust Company, as Custodian (c) Wells Fargo Bank, N.A., as Master Servicer (d) Citibank N.A., as Trustee (35) Servicer Compliance Statement. (a) American Home Mortgage Servicing, Inc. as Servicer (b) Wells Fargo Bank, N.A., as Master Servicer (b) Not applicable (c) Omitted. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) American Home Mortgage Assets LLC ----------------------------------------------------------------- By /s/ Michael Strauss ----------------------------------------------------- Michael Strauss President Date March 30, 2007 ----------------------------------------------------- Exhibit Index Exhibit No. (1.1) Underwriting Agreement, dated August 11, 2006, among American Home Mortgage Corp., American Home Mortgage Assets LLC and Deutsche Bank Securities, Inc, originally filed on Form 8-K on October 10, 2006 and incorporated by reference herein. (4.1) Pooling and Servicing Agreement, dated as of August 1, 2006, among American Home Mortgage Assets LLC, as depositor, Wells Fargo Bank, N.A., as master servicer, and Citibank, N.A., as trustee, originally filed on Form 8-K on October 10, 2006 and incorporated by reference herein. (31) Rule 13a-14(d)/15d-14(d) Certification. (33) Reports on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities. (a) American Home Mortgage Servicing, Inc. as Servicer (b) Deutsche Bank National Trust Company, as Custodian (c) Wells Fargo Bank, N.A., as Master Servicer (d) Citibank N.A., as Trustee (34) Attestation Report on Assessment of Compliance with Servicing Criteria for Asset Backed Securities. (a) American Home Mortgage Servicing, Inc. as Servicer (b) Deutsche Bank National Trust Company, as Custodian (c) Wells Fargo Bank, N.A., as Master Servicer (d) Citibank N.A., as Trustee (35) Servicer Compliance Statement. (a) American Home Mortgage Servicing, Inc. as Servicer (b) Wells Fargo Bank, N.A., as Master Servicer Ex-31 EX-33 (a) EX-33 (b) EX-33 (c) EX-33 (d) EX-34 (a) EX-34 (b) EX-34 (c) EX-34 (d) EX-35 (a) EX-35 (b)