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): February 23, 2006
STANWICH ASSET ACCEPTANCE COMPANY, L.L.C.,
on behalf of Carrington Mortgage Loan Trust,
Series 2006-NC1 Asset-Backed Pass-Through Certificates
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(Exact name of registrant as specified in its charter)
Delaware 333-124562-04 20-2698835
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
Seven Greenwich Office Park
599 West Putnam Avenue
Greenwich, Connecticut 06830
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(Address of principal executive office) (Zip Code)
(203) 661-6186
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(Registrant's telephone number, including area code )
N/A
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(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 February 8, 2006, the Registrant caused the issuance and sale of Carrington
Mortgage Loan Trust, Series 2006-NC1 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 February 1, 2006,
among the Registrant, New Century Mortgage Corporation, 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 February 8, 2006,
among the Registrant, NC Capital Corporation, 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 February 8,
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 February 1, 2006, among the
Registrant, New Century Mortgage Corporation, as
Servicer, and Wells Fargo Bank, N.A., as Trustee.
10.2 Mortgage Loan Purchase Agreement, dated as of
February 8, 2006, among the Registrant, NC
Capital Corporation and Carrington Securities,
LP.
10.3 Cap Contract Confirmation relating to the Class A
Certificates, dated February 8, 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 February 8, 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
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Name: Bruce M. Rose
Title: President
Dated: February 23, 2006
Exhibit Index
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Exhibit No. Description
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10.1 Pooling and Servicing Agreement and the exhibits thereto, dated
as of February 1, 2006, among the Registrant, New Century
Mortgage Corporation, as Servicer, and Wells Fargo Bank, N.A., as
Trustee.
10.2 Mortgage Loan Purchase Agreement, dated as of February 8, 2006,
among the Registrant, NC Capital Corporation and Carrington
Securities, LP.
10.3 Cap Contract Confirmation relating to the Class A Certificates,
dated February 8, 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 February 8, 2006, between Swiss Re Financial Products
Corporation and Wells Fargo Bank, N.A.