Item 1. Business. Item 1A.
Item 1A. Risk Factors. Item 1B.
Item 1B. Unresolved Staff Comments. Item 2.
Item 2. Properties. Item 3.
Item 3. Legal Proceedings. Item 4.
Item 4. Submission of Matters to a Vote of Security Holders. Omitted. Omitted. Omitted. Omitted. Omitted. None. Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities. Item 6.
Item 6. Selected Financial Data. Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Item 8.
Item 8. Financial Statements and Supplementary Data. Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. Item 9A.
Item 9A. Controls and Procedures. Item 9B.
Item 9B. Other Information. PART II None. Omitted. Omitted. Omitted. Omitted. Omitted. Omitted. Omitted. Item 10.
Item 10. Directors and Executive Officers of the Registrant. Item 11.
Item 11. Executive Compensation. Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. Item 13.
Item 13. Certain Relationships and Related Transactions. Item 14.
Item 14. Principal Accounting Fees and Services. PART III Omitted. Omitted. Omitted. Omitted. Omitted.
a) Exhibits Item 15.
Item 15. Exhibits, Financial Statement Schedules. b) Not applicable. c) Omitted. PART IV 4) 10) Incorporated by reference as Exhibit (4). 31) Rule 13a-14(d)/15d-14(d) Certifications. 33) Reports on assessment of compliance with servicing criteria for asset-backed securities. 34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. 35) Servicer compliance statement. The Pooling and Servicing Agreement, dated as of April 1, 2006 by and among Asset Backed Securities Corporation,
as Depositor, DLJ Mortgage Capital, Inc., as Seller, Select Portfolio Servicing, Inc., as Servicer, OfficeTiger Global Real
Estate Services Inc. (f/k/a MortgageRamp Inc.), as Loan Performance Advisor and U.S. Bank National Association, as
Trustee (incorporated herein by reference from Exhibit 99.1 of the Current Report on Form 8-K of the issuing entity, as
filed with the Commission on May 12, 2006). a) Select Portfolio Servicing, Inc., as Servicer
b) U.S. Bank National Association, as Trustee and Custodian a) Select Portfolio Servicing, Inc., as Servicer
b) U.S. Bank National Association, as Trustee and Custodian a) Select Portfolio Servicing, Inc., as Servicer SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J(2) TO FORM 10-K. Item 1112(b) of Regulation AB. None. Item 1114(b)(2) of Regulation AB. None. Item 1117 of Regulation AB. Item 1119 of Regulation AB. None. Item 1122 of Regulation AB. Servicer Compliance Statement. Significant Obligors of Pool Assets (Financial Information). Item 1115(b) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives
Instruments (Information Regarding Significant Enhancement
Providers Financial Information). Certain Derivatives Instruments (Financial Information). Legal Proceedings. Affiliations and Certain Relationships and Related Transactions. Compliance with Applicable Servicing Criteria Item 1123 of Regulation AB. The registrant knows of no material pending legal proceedings involving the entities contemplated by Item 1117 of
Regulation AB, other than routine litigation incidental to the duties of those respective parties. None. a) Select Portfolio Servicing, Inc., as Servicer
b) U.S. Bank National Association, as Trustee and Custodian a) Select Portfolio Servicing, Inc., as Servicer
SIGNATURES By (Signature and Title): Date 3/29/2007 /s/ Lloyd A. Brown Lloyd A. Brown
Vice President 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) : Asset Backed Securities Corporation
EXHIBIT INDEX EXHIBIT DESCRIPTION Exhibit 31 Rule 13a-14(d)/15d-14(d) Certifications.
Exhibit 33 Reports on assessment of compliance with servicing criteria for asset-backed securities. Exhibit 34 Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. Exhibit 35 Servicer compliance statement. a) Select Portfolio Servicing, Inc., as Servicer
b) U.S. Bank National Association, as Trustee and Custodian a) Select Portfolio Servicing, Inc., as Servicer
b) U.S. Bank National Association, as Trustee and Custodian a) Select Portfolio Servicing, Inc., as Servicer