ITEM 1. Business.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 1A.
ITEM 1A. Risk Factors.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 1B.
ITEM 1B. Unresolved Staff Comments.
Not Applicable.
ITEM 2.
ITEM 2. Properties.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 3.
ITEM 3. Legal Proceedings.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 4.
ITEM 4. Submission of Matters to a Vote of Security Holders.
Omitted in accordance with General Instruction J to Form 10-K.
PART II
ITEM 5.
ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 6.
ITEM 6. Selected Financial Data.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 7.
ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 7A.
ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 8.
ITEM 8. Financial Statements and Supplementary Data.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 9.
ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 9A.
ITEM 9A. Controls and Procedures.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 9A(T) Controls and Procedures.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 9B.
ITEM 9B. Other Information.
None.
PART III
ITEM 10.
ITEM 10. Directors, Executive Officers and Corporate Governance.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 11.
ITEM 11. Executive Compensation.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 12.
ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 13.
ITEM 13. Certain Relationships and Related Transactions, and Director Independence.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 14.
ITEM 14. Principal Accounting Fees and Services.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 15.
ITEM 15. Exhibits, Financial Statement Schedules.
(a) List the following documents filed as a part of the report:
(1) None.
(2) Not Applicable.
(3) The exhibits filed in response to item 601 of Regulation S-K are listed in the Exhibit Index.
(b) See (a)(3) above.
(c) Not Applicable.
PART IV
Additional Items Required by General Instruction J (2)
Item 1112(b) of Regulation AB, Significant Obligor Financial Information. None.
Item 1114(b)(2) and Item 1115(b) of Regulation AB, Significant Enhancement Provider Information.
1114(b)(2).
The consolidated balance sheets of Ambac Assurance Corporation ("Ambac") as of the most recent calendar year ended and the related consolidated statements of income, changes in shareholder's equity and cash flows for the calendar year then ended and the interim consolidated balance sheet of Ambac as of the most recent calendar quarter ended, and the related statements of income, changes in shareholder's equity and cash flows for the calendar quarter ended, included in the Annual Report on Form 10-K and Quarterly Report on Form 10-Q of Ambac, respectively, are hereby incorporated by reference into this Form 10-K and shall be deemed to be part hereof. Any statement contained in a document incorporated herein by reference shall be modified or superseded for the purposes of this Form 10-K to the extent that a statement contained herein by reference also modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Form 10-K.
1115(b): Not Applicable.
Item 1117 of Regulation AB, Legal Proceedings. No applicable updates.
Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions. No applicable updates.
Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria. See Item 15, Exhibits 33.1, 33.2, 33.3, 34.1, 34.2 and 34.3.
Item 1123 of Regulation AB, Servicer Compliance Statement. See Item 15, Exhibit 35.1.
SIGNATURE
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.
By: INDYMAC ABS, INC., as Depositor on behalf of the Registrant
By: /s/: Blair Abernathy Blair Abernathy Chief Executive Officer Senior Officer In Charge of Securitization
Date: March 22, 2007
EXHIBIT INDEX
Exhibit Document
3(i) Company's Certificate of Incorporation (Filed as Exhibit 3.1 to Registration Statement on Form S-3 (File No. 333-134691).*
3(ii) Company's By-laws (Filed as Exhibit 3.2 to Registration Statement on Form S-3 (File No. 333-134691).*
4.1 Pooling and Servicing Agreement (Filed as part of the Current Report on Form 8-K filed on February 1, 2007 under the Commission file number of the Issuing Entity).*
4.2 Amendment No. 1 to the Pooling and Servicing Agreement (Filed as part of the Current Report on Form 8-K filed on March 26, 2007 under the Commission file number of the Issuing Entity).*
31 Section 302 Certification.
33.1 Servicer's Annual Report on Assessment of Compliance for Year End December 31, 2006.
33.2 Newport Management Corporation's Annual Report on Assessment of Compliance for Year End December 31, 2006.
33.3 Trustee's Annual Report on Assessment of Compliance for Year End December 31, 2006.
34.1 Servicer's Annual Attestation Report on Assessment of Compliance with Servicing Criteria for Year End December 31, 2006.
34.2 Newport Management Corporation's Annual Attestation Report on Assessment of Compliance with Servicing Criteria for Year End December 31, 2006.
34.3 Trustee's Annual Attestation Report on Assessment of Compliance with Servicing Criteria for Year End December 31, 2006.
35.1 Servicer's Annual Statement of Compliance for Year End December 31, 2006 pursuant to Item 1123 of Regulation AB. ___________________________________ * Incorporated herein by reference.