Carrington Mortgage Loan Trust, Series 2006-NC5 FWP Free writing prospectus

Free Writing Prospectus for

Carrington Mortgage Loan Trust, Series 2006-NC5

(filed pursuant to Rule 433; SEC file No. 333-134218)

SUBJECT TO REVISION Dated November 22, 2006

MBS New Issue Free Writing Prospectus

Carrington Mortgage Loan Trust, Series 2006-NC5

Asset-Backed Pass-Through Certificates

Carrington Securities, LP

Sponsor

New Century Mortgage Corporation & Home123 Corporation

Originators

New Century Mortgage Corporation

Servicer

Stanwich Asset Acceptance Company, L.L.C.

Depositor

Carrington Mortgage Loan Trust, Series 2006-NC5

Issuing Entity

Carrington Investment Services, LLC

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The information in this free writing prospectus, if conveyed prior to the time of your contractual commitment to purchase any of the Offered Certificates described herein, supersedes any information contained in any prior similar materials relating to the Offered Certificates. The information in this free writing prospectus is preliminary, and is subject to completion or change by information contained in a preliminary prospectus relating to the Offered Certificates. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. This free writing prospectus is being delivered to you solely to provide you with information about the offering of the Offered Certificates referred to in this free writing prospectus and to solicit an offer to purchase the Offered Certificates, when, as and if issued. Any such offer to purchase made by you will not be accepted and will not constitute a contractual commitment by you to purchase any of the Offered Certificates, until we have conveyed to you a preliminary prospectus relating to the Offered Certificates and we have accepted your offer to purchase Offered Certificates. This free writing prospectus is not an offer to sell or a solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted.

IMPORTANT NOTICE REGARDING THE CONDITIONS

FOR THIS OFFERING OF ASSET-BACKED SECURITIES

The Offered Certificates referred to in these materials are being offered when, as and if issued. The depositor is not obligated to issue such Offered Certificates or any similar security and the underwriter’s obligation to deliver such Offered Certificates is subject to the terms and conditions of the underwriting agreement with the depositor and the availability of such Offered Certificates when, as and if issued by the issuing entity. You are advised that the terms of the Offered Certificates, and the characteristics of the mortgage loan pool backing them, may change (due, among other things, to the possibility that mortgage loans that comprise the pool may become delinquent or defaulted or may be removed or replaced and that similar or different mortgage loans may be added to the pool, and that one or more classes of Offered Certificates may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. You are advised that Offered Certificates may not be issued that have the characteristics described in these materials. The underwriter’s obligation to sell such Offered Certificates to you is conditioned on the mortgage loans and Offered Certificates having the characteristics described in these materials. If for any reason the issuing entity does not deliver such Offered Certificates, the underwriter will notify you, and neither the issuer nor any underwriter will have any obligation to you to deliver all or any portion of the Offered Certificates which you have committed to purchase, and none of the issuing entity nor any underwriter will be liable for any costs or damages whatsoever arising from or related to such non-delivery.

THE DEPOSITOR HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND OTHER DOCUMENTS THE DEPOSITOR HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE DEPOSITOR AND THE OFFERING. YOU MAY GET THESE DOCUMENTS AT NO CHARGE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, THE DEPOSITOR, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS AT NO CHARGE IF YOU REQUEST IT BY CALLING TOLL-FREE 1-800-337-1385.

The Depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Depositor has filed with the SEC for more complete information about the Depositor and the offering.

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Principal Balance:	$1,216,634,844.67
	Number of Mortgage Loans:	5,361
	Average Scheduled Principal Balance:	$226,941.77
	Weighted Average Gross Coupon:	8.272%
	Weighted Average Original Credit Score:	616
	Weighted Average Original LTV Ratio²:	80.80%
	Weighted Average Combined LTV Ratio²:	85.54%
	Weighted Average Stated Remaining Term (months):	358
	Weighted Average Original Term (months):	359
	Weighted Average Roll Term¹ (months):	27
	Weighted Average Gross Margin¹:	6.213%
	Weighted Average Initial Rate Cap¹:	1.994%
	Weighted Average Periodic Rate Cap¹:	1.497%
	Interest Only Loans:	23.60%
	Silent Seconds:	24.77%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)	The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The combined loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
10 Fixed		2	$	99,732.58		0.01	%	$	49,866.29		606		76.56	%		7.712	%
15 Fixed		20		2,278,301.70		0.19			113,915.09		585		64.00			8.508
20 Fixed		15		1,888,365.73		0.16			125,891.05		579		71.83			8.850
2/1 ARM		1,264		223,779,826.73		18.39			177,041.00		609		80.79			8.572
2/1 ARM 5Y-IO		684		197,302,376.34		16.22			288,453.77		644		82.27			7.631
30 Fixed		581		81,429,191.56		6.69			140,153.51		619		80.40			8.741
30 Fixed 5Y-IO		27		5,855,533.83		0.48			216,871.62		646		82.07			7.897
3/1 ARM		360		74,026,911.47		6.08			205,630.31		603		83.71			8.741
3/1 ARM 5Y-IO		266		83,945,794.29		6.90			315,585.69		650		83.20			7.469
40/30 2/1 ARM		1,391		354,000,957.62		29.10			254,493.86		597		80.11			8.496
40/30 3/1 ARM		397		108,583,177.21		8.92			273,509.26		609		79.52			8.210
40/30 Fixed		354		83,444,675.61		6.86			235,719.42		631		77.91			8.057
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.001—5.500		1	$	252,000.00		0.02	%	$	252,000.00		641		80.00	%		5.500	%
5.501—6.000		60		20,617,019.15		1.69			343,616.99		660		77.14			5.856
6.001—6.500		171		54,274,431.59		4.46			317,394.34		661		77.78			6.360
6.501—7.000		418		126,465,307.82		10.39			302,548.58		643		78.00			6.818
7.001—7.500		541		147,562,379.08		12.13			272,758.56		638		78.44			7.313
7.501—8.000		857		210,431,815.97		17.30			245,544.71		624		79.73			7.790
8.001—8.500		682		157,998,682.37		12.99			231,669.62		619		80.88			8.290
8.501—9.000		849		188,570,983.57		15.50			222,109.52		602		82.37			8.783
9.001—9.500		606		116,990,605.61		9.62			193,053.80		588		83.03			9.273
9.501—10.000		608		106,864,260.65		8.78			175,763.59		584		83.42			9.767
10.001—10.500		256		41,132,832.84		3.38			160,675.13		581		84.49			10.277
10.501—11.000		195		30,847,974.89		2.54			158,194.74		579		85.38			10.742
11.001—11.500		73		8,968,351.18		0.74			122,854.13		587		84.76			11.223
11.501—12.000		30		4,207,556.51		0.35			140,251.88		557		80.25			11.665
12.001—12.500		12		1,221,850.88		0.10			101,820.91		583		80.01			12.264
12.501—13.000		2		228,792.56		0.02			114,396.28		549		43.99			12.625
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		93	$	3,785,734.17		0.31	%	$	40,706.82		627		84.98	%		9.876	%
50,000.01—100,000.00		784		61,632,324.92		5.07			78,612.66		595		80.52			9.272
100,000.01—150,000.00		1,042		130,413,870.62		10.72			125,157.27		602		79.57			8.752
150,000.01—200,000.00		889		155,718,975.40		12.80			175,161.95		603		78.90			8.495
200,000.01—250,000.00		719		161,538,567.07		13.28			224,671.16		609		78.85			8.303
250,000.01—300,000.00		518		142,457,514.99		11.71			275,014.51		611		80.59			8.240
300,000.01—350,000.00		338		109,273,146.84		8.98			323,293.33		618		82.16			8.186
350,000.01—400,000.00		351		131,434,162.87		10.80			374,456.30		621		80.41			7.891
400,000.01—450,000.00		230		97,482,401.07		8.01			423,836.53		634		83.51			7.933
450,000.01—500,000.00		170		81,026,971.13		6.66			476,629.24		630		83.13			7.880
500,000.01—550,000.00		81		42,580,085.01		3.50			525,680.06		629		83.54			8.008
550,000.01—600,000.00		50		28,740,372.09		2.36			574,807.44		639		83.86			8.127
600,000.01—650,000.00		33		20,619,578.67		1.69			624,835.72		638		82.28			8.011
650,000.01—700,000.00		23		15,487,032.40		1.27			673,349.23		649		85.41			7.732
700,000.01—750,000.00		18		13,087,845.51		1.08			727,102.53		643		78.41			7.821
750,000.01—800,000.00		4		3,089,868.58		0.25			772,467.15		638		80.00			8.240
800,000.01—850,000.00		5		4,184,231.07		0.34			836,846.21		649		85.28			8.860
850,000.01—900,000.00		1		879,711.04		0.07			879,711.04		627		89.98			7.525
900,000.01—950,000.00		1		919,311.74		0.08			919,311.74		634		80.00			8.500
950,000.01—1,000,000.00		4		3,977,248.98		0.33			994,312.25		623		80.84			7.912
1,000,000.01 >=		7		8,305,890.50		0.68			1,186,555.79		654		75.25			7.492
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		93	$	3,785,734.17		0.31	%	$	40,706.82		627		84.98	%		9.876	%
50,000.01—100,000.00		786		61,832,259.83		5.08			78,667.00		595		80.42			9.266
100,000.01—150,000.00		1,040		130,213,935.71		10.70			125,205.71		602		79.61			8.754
150,000.01—200,000.00		890		155,918,823.56		12.82			175,189.69		603		78.90			8.493
200,000.01—250,000.00		718		161,338,718.91		13.26			224,705.74		609		78.85			8.305
250,000.01—300,000.00		518		142,457,514.99		11.71			275,014.51		611		80.59			8.240
300,000.01—350,000.00		345		111,721,256.08		9.18			323,829.73		617		81.86			8.173
350,000.01—400,000.00		345		129,385,932.45		10.63			375,031.69		621		80.66			7.901
400,000.01—450,000.00		229		97,082,522.25		7.98			423,941.15		634		83.48			7.927
450,000.01—500,000.00		170		81,026,971.13		6.66			476,629.24		630		83.13			7.880
500,000.01—550,000.00		81		42,580,085.01		3.50			525,680.06		629		83.54			8.008
550,000.01—600,000.00		50		28,740,372.09		2.36			574,807.44		639		83.86			8.127
600,000.01—650,000.00		34		21,269,261.56		1.75			625,566.52		638		82.36			7.965
650,000.01—700,000.00		22		14,837,349.51		1.22			674,424.98		649		85.43			7.785
700,000.01—750,000.00		18		13,087,845.51		1.08			727,102.53		643		78.41			7.821
750,000.01—800,000.00		4		3,089,868.58		0.25			772,467.15		638		80.00			8.240
800,000.01—850,000.00		5		4,184,231.07		0.34			836,846.21		649		85.28			8.860
850,000.01—900,000.00		1		879,711.04		0.07			879,711.04		627		89.98			7.525
900,000.01—950,000.00		1		919,311.74		0.08			919,311.74		634		80.00			8.500
950,000.01—1,000,000.00		4		3,977,248.98		0.33			994,312.25		623		80.84			7.912
1,000,000.01 >=		7		8,305,890.50		0.68			1,186,555.79		654		75.25			7.492
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
61—120		2	$	99,732.58		0.01	%	$	49,866.29		606		76.56	%		7.712	%
121—180		20		2,278,301.70		0.19			113,915.09		585		64.00			8.508
181—240		15		1,888,365.73		0.16			125,891.05		579		71.83			8.850
301—360		5,324		1,212,368,444.66		99.65			227,717.59		616		80.85			8.271
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
61—120		2	$	99,732.58		0.01	%	$	49,866.29		606		76.56	%		7.712	%
121—180		20		2,278,301.70		0.19			113,915.09		585		64.00			8.508
181—240		15		1,888,365.73		0.16			125,891.05		579		71.83			8.850
301—360		5,324		1,212,368,444.66		99.65			227,717.59		616		80.85			8.271
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		2	$	99,963.98		0.01	%	$	49,981.99		563		8.93	%		9.300	%
10.01—15.00		1		49,972.54		0.00			49,972.54		595		11.11			8.975
15.01—20.00		5		445,683.44		0.04			89,136.69		696		18.88			8.440
20.01—25.00		4		352,994.06		0.03			88,248.52		609		22.49			8.063
25.01—30.00		10		1,141,699.20		0.09			114,169.92		588		27.38			8.788
30.01—35.00		20		2,639,029.95		0.22			131,951.50		590		33.06			8.737
35.01—40.00		22		3,373,911.90		0.28			153,359.63		586		37.69			7.977
40.01—45.00		49		8,223,309.63		0.68			167,822.65		581		43.02			7.982
45.01—50.00		70		12,127,624.80		1.00			173,251.78		588		47.76			7.845
50.01—55.00		84		16,611,411.70		1.37			197,754.90		582		52.76			8.039
55.01—60.00		134		28,609,971.10		2.35			213,507.25		589		58.39			7.737
60.01—65.00		191		40,539,469.18		3.33			212,248.53		582		63.33			8.037
65.01—70.00		278		64,346,701.58		5.29			231,462.96		589		68.78			8.172
70.01—75.00		362		82,156,960.77		6.75			226,952.93		589		73.95			8.292
75.01—80.00		1,781		422,736,446.39		34.75			237,359.04		635		79.78			7.926
80.01—85.00		693		158,447,917.29		13.02			228,640.57		587		84.51			8.554
85.01—90.00		1,023		242,215,055.82		19.91			236,769.36		617		89.65			8.611
90.01—95.00		431		113,818,289.29		9.36			264,079.56		638		94.83			8.477
95.01—100.00		201		18,698,432.05		1.54			93,027.03		666		100.00			10.209
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		2	$	99,963.98		0.01	%	$	49,981.99		563		8.93	%		9.300	%
10.01—15.00		1		49,972.54		0.00			49,972.54		595		11.11			8.975
15.01—20.00		5		445,683.44		0.04			89,136.69		696		18.88			8.440
20.01—25.00		4		352,994.06		0.03			88,248.52		609		22.49			8.063
25.01—30.00		10		1,141,699.20		0.09			114,169.92		588		27.38			8.788
30.01—35.00		20		2,639,029.95		0.22			131,951.50		590		33.06			8.737
35.01—40.00		22		3,373,911.90		0.28			153,359.63		586		37.69			7.977
40.01—45.00		49		8,223,309.63		0.68			167,822.65		581		43.02			7.982
45.01—50.00		70		12,127,624.80		1.00			173,251.78		588		47.76			7.845
50.01—55.00		83		16,533,503.65		1.36			199,198.84		582		52.76			8.036
55.01—60.00		133		28,361,471.10		2.33			213,244.14		588		58.39			7.750
60.01—65.00		190		40,178,635.88		3.30			211,466.50		582		63.34			8.031
65.01—70.00		272		61,962,427.96		5.09			227,803.04		589		68.79			8.195
70.01—75.00		356		81,234,129.19		6.68			228,185.76		589		73.90			8.296
75.01—80.00		670		147,826,992.65		12.15			220,637.30		590		79.40			8.413
80.01—85.00		643		148,751,880.66		12.23			231,340.41		586		84.28			8.544
85.01—90.00		983		235,405,297.50		19.35			239,476.40		617		89.53			8.587
90.01—95.00		496		126,069,074.81		10.36			254,171.52		637		93.69			8.481
95.01—100.00		1,352		301,857,241.77		24.81			223,267.19		657		81.52			7.862
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		1,004	$	337,792,367.11		27.76	%	$	336,446.58		627		79.43	%		7.860	%
FL		623		122,571,410.10		10.07			196,743.84		603		79.59			8.490
NY		340		113,074,672.51		9.29			332,572.57		625		80.36			8.088
NJ		280		78,715,545.28		6.47			281,126.95		625		81.76			8.389
IL		251		53,312,903.99		4.38			212,402.01		615		83.77			8.435
TX		408		52,994,349.48		4.36			129,888.11		610		81.00			8.800
MD		195		48,874,906.07		4.02			250,640.54		601		80.86			8.300
MA		152		39,559,426.01		3.25			260,259.38		618		78.83			8.342
AZ		187		38,329,366.05		3.15			204,969.87		614		79.59			8.111
WA		116		29,994,367.01		2.47			258,572.13		610		82.99			8.059
PA		184		27,082,198.93		2.23			147,185.86		600		82.15			8.660
HI		70		24,329,777.92		2.00			347,568.26		647		79.13			7.603
GA		119		19,585,709.48		1.61			164,585.79		607		83.66			8.861
NV		78		17,572,383.78		1.44			225,286.97		613		78.21			8.248
MN		94		16,039,273.68		1.32			170,630.57		622		82.28			8.411
Other		1,260		196,806,187.27		16.18			156,195.39		600		83.06			8.721
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		436	$	84,845,256.66		6.97	%	$	194,599.21		647		83.82	%		9.123	%
Primary Residence		4,794		1,102,571,422.82		90.62			229,989.87		613		80.53			8.195
Second Home		131		29,218,165.19		2.40			223,039.43		647		82.08			8.705
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
One Family		3,942	$	860,878,106.74		70.76	%	$	218,386.13		612		80.66	%		8.274	%
Pud-Detached		550		132,814,009.29		10.92			241,480.02		618		82.36			8.207
2-4 Unit		378		116,040,683.33		9.54			306,985.93		633		79.22			8.284
Condo		350		75,478,127.07		6.20			215,651.79		635		81.33			8.298
Pud-Attached		138		30,779,935.24		2.53			223,043.01		611		82.76			8.373
Modular Home		3		643,983.00		0.05			214,661.00		588		78.84			8.659
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		2,943	$	681,330,421.84		56.00	%	$	231,508.81		597		78.72	%		8.314	%
Purchase		1,882		411,436,620.24		33.82			218,616.70		646		83.78			8.278
Rate/Term		536		123,867,802.59		10.18			231,096.65		616		82.34			8.024
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full Documentation		3,296	$	696,919,106.34		57.28	%	$	211,443.90		603		80.87	%		8.013	%
Limited Documentation		80		20,292,544.68		1.67			253,656.81		608		78.28			8.121
Stated Documentation		1,985		499,423,193.65		41.05			251,598.59		633		80.80			8.640
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		21	$	4,264,537.46		0.35	%	$	203,073.21		500		76.06	%		9.125	%
501—525		464		87,236,148.23		7.17			188,008.94		513		74.92			9.343
526—550		487		95,260,616.38		7.83			195,607.02		538		75.88			8.969
551—575		667		135,266,241.12		11.12			202,797.96		562		78.54			8.745
576—600		675		148,413,847.89		12.20			219,872.37		589		81.30			8.461
601—625		911		212,585,320.87		17.47			233,353.81		613		82.05			8.093
626—650		831		194,066,902.41		15.95			233,534.18		638		82.88			7.994
651—675		628		161,138,576.28		13.24			256,590.09		662		82.12			7.851
676—700		332		81,062,687.37		6.66			244,164.72		688		82.68			7.827
701—725		164		46,505,434.10		3.82			283,569.72		712		83.49			7.646
726—750		106		31,209,287.32		2.57			294,427.24		738		83.06			7.666
751—775		45		11,819,449.14		0.97			262,654.43		760		82.21			7.936
776—800		21		6,012,172.43		0.49			286,293.93		781		80.60			7.329
801—825		9		1,793,623.67		0.15			199,291.52		805		74.10			7.302
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		1,762	$	402,378,186.92		33.07	%	$	228,364.46		618		81.82	%		8.648	%
12		336		109,028,844.74		8.96			324,490.61		621		81.03			8.214
24		2,346		508,680,710.56		41.81			216,828.95		609		80.39			8.118
36		917		196,547,102.45		16.15			214,337.08		626		79.65			7.933
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Total Collateral)

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
First Lien		5,188	$	1,205,183,168.89		99.06	%	$	232,302.08		615		80.62	%		8.252	%
Second Lien		173		11,451,675.78		0.94			66,194.66		672		99.91			10.344
Total:		5,361	$	1,216,634,844.67		100.00	%	$	226,941.77		616		80.80	%		8.272	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Principal Balance:	$1,041,639,043.66
	Number of Mortgage Loans:	4,362
	Average Scheduled Principal Balance:	$238,798.50
	Weighted Average Gross Coupon:	8.253%
	Weighted Average Original Credit Score:	614
	Weighted Average Original LTV Ratio²:	81.11%
	Weighted Average Combined LTV Ratio²:	86.12%
	Weighted Average Stated Remaining Term (months):	358
	Weighted Average Original Term (months):	360
	Weighted Average Roll Term¹ (months):	27
	Weighted Average Gross Margin¹:	6.213%
	Weighted Average Initial Rate Cap¹:	1.994%
	Weighted Average Periodic Rate Cap¹:	1.497%
	Interest Only Loans:	27.00%
	Silent Seconds:	26.24%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)	The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The combined loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2/1 ARM		1,264	$	223,779,826.73		21.48	%	$	177,041.00		609		80.79	%		8.572	%
2/1 ARM 5Y-IO		684		197,302,376.34		18.94			288,453.77		644		82.27			7.631
3/1 ARM		360		74,026,911.47		7.11			205,630.31		603		83.71			8.741
3/1 ARM 5Y-IO		266		83,945,794.29		8.06			315,585.69		650		83.20			7.469
40/30 2/1 ARM		1,391		354,000,957.62		33.98			254,493.86		597		80.11			8.496
40/30 3/1 ARM		397		108,583,177.21		10.42			273,509.26		609		79.52			8.210
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.001—5.500		1	$	252,000.00		0.02	%	$	252,000.00		641		80.00	%		5.500	%
5.501—6.000		60		20,617,019.15		1.98			343,616.99		660		77.14			5.856
6.001—6.500		131		41,017,340.33		3.94			313,109.47		655		78.84			6.315
6.501—7.000		340		103,727,048.11		9.96			305,079.55		640		78.56			6.820
7.001—7.500		467		126,918,835.33		12.18			271,774.81		639		79.21			7.314
7.501—8.000		745		186,569,157.18		17.91			250,428.40		623		80.05			7.786
8.001—8.500		586		140,348,667.73		13.47			239,502.85		617		81.24			8.289
8.501—9.000		725		166,230,690.54		15.96			229,283.71		600		82.65			8.785
9.001—9.500		505		102,269,161.21		9.82			202,513.19		586		83.26			9.277
9.501—10.000		446		88,982,342.26		8.54			199,511.98		583		83.49			9.764
10.001—10.500		178		32,703,130.04		3.14			183,725.45		581		84.26			10.275
10.501—11.000		118		23,031,667.06		2.21			195,183.62		578		84.84			10.746
11.001—11.500		34		4,954,288.49		0.48			145,714.37		568		80.75			11.185
11.501—12.000		19		3,103,850.56		0.30			163,360.56		562		80.08			11.651
12.001—12.500		5		685,053.11		0.07			137,010.62		540		76.05			12.275
12.501—13.000		2		228,792.56		0.02			114,396.28		549		43.99			12.625
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		14	$	699,089.97		0.07	%	$	49,935.00		573		54.29	%		9.148	%
50,000.01—100,000.00		499		39,952,165.57		3.84			80,064.46		589		80.12			9.121
100,000.01—150,000.00		826		104,055,067.75		9.99			125,974.66		601		79.54			8.660
150,000.01—200,000.00		778		136,356,046.18		13.09			175,264.84		602		79.10			8.494
200,000.01—250,000.00		621		139,621,745.26		13.40			224,833.73		608		79.29			8.311
250,000.01—300,000.00		459		126,224,485.75		12.12			274,998.88		610		80.90			8.233
300,000.01—350,000.00		297		95,980,347.69		9.21			323,166.15		614		82.66			8.221
350,000.01—400,000.00		308		115,480,723.54		11.09			374,937.41		618		80.95			7.921
400,000.01—450,000.00		210		88,787,553.43		8.52			422,797.87		631		83.89			7.983
450,000.01—500,000.00		153		72,872,384.48		7.00			476,290.09		627		82.97			7.913
500,000.01—550,000.00		71		37,394,813.52		3.59			526,687.51		626		83.35			8.071
550,000.01—600,000.00		44		25,283,071.11		2.43			574,615.25		632		85.03			8.276
600,000.01—650,000.00		29		18,098,090.38		1.74			624,072.08		638		82.39			8.062
650,000.01—700,000.00		22		14,813,735.08		1.42			673,351.59		649		86.07			7.770
700,000.01—750,000.00		15		10,887,371.53		1.05			725,824.77		649		80.02			7.922
750,000.01—800,000.00		3		2,322,261.59		0.22			774,087.20		628		80.00			8.187
800,000.01—850,000.00		4		3,369,564.38		0.32			842,391.10		651		86.56			8.814
850,000.01—900,000.00		1		879,711.04		0.08			879,711.04		627		89.98			7.525
900,000.01—950,000.00		1		919,311.74		0.09			919,311.74		634		80.00			8.500
950,000.01—1,000,000.00		2		1,979,999.99		0.19			990,000.00		607		81.68			7.710
1,000,000.01 >=		5		5,661,503.68		0.54			1,132,300.74		645		76.30			7.307
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		14	$	699,089.97		0.07	%	$	49,935.00		573		54.29	%		9.148	%
50,000.01—100,000.00		501		40,152,100.48		3.85			80,143.91		589		79.98			9.113
100,000.01—150,000.00		824		103,855,132.84		9.97			126,037.78		601		79.60			8.663
150,000.01—200,000.00		778		136,356,046.18		13.09			175,264.84		602		79.10			8.494
200,000.01—250,000.00		621		139,621,745.26		13.40			224,833.73		608		79.29			8.311
250,000.01—300,000.00		459		126,224,485.75		12.12			274,998.88		610		80.90			8.233
300,000.01—350,000.00		302		97,729,362.74		9.38			323,607.16		614		82.39			8.210
350,000.01—400,000.00		304		114,131,587.31		10.96			375,432.85		619		81.18			7.932
400,000.01—450,000.00		209		88,387,674.61		8.49			422,907.53		631		83.87			7.977
450,000.01—500,000.00		153		72,872,384.48		7.00			476,290.09		627		82.97			7.913
500,000.01—550,000.00		71		37,394,813.52		3.59			526,687.51		626		83.35			8.071
550,000.01—600,000.00		44		25,283,071.11		2.43			574,615.25		632		85.03			8.276
600,000.01—650,000.00		30		18,747,773.27		1.80			624,925.78		639		82.48			8.009
650,000.01—700,000.00		21		14,164,052.19		1.36			674,478.68		648		86.12			7.827
700,000.01—750,000.00		15		10,887,371.53		1.05			725,824.77		649		80.02			7.922
750,000.01—800,000.00		3		2,322,261.59		0.22			774,087.20		628		80.00			8.187
800,000.01—850,000.00		4		3,369,564.38		0.32			842,391.10		651		86.56			8.814
850,000.01—900,000.00		1		879,711.04		0.08			879,711.04		627		89.98			7.525
900,000.01—950,000.00		1		919,311.74		0.09			919,311.74		634		80.00			8.500
950,000.01—1,000,000.00		2		1,979,999.99		0.19			990,000.00		607		81.68			7.710
1,000,000.01 >=		5		5,661,503.68		0.54			1,132,300.74		645		76.30			7.307
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		1	$	49,990.87		0.00	%	$	49,990.87		502		7.87	%		9.525	%
15.01—20.00		5		445,683.44		0.04			89,136.69		696		18.88			8.440
20.01—25.00		2		145,877.47		0.01			72,938.74		531		23.19			9.552
25.01—30.00		5		652,478.31		0.06			130,495.66		585		28.13			8.503
30.01—35.00		16		2,345,163.50		0.23			146,572.72		596		33.06			8.520
35.01—40.00		18		3,004,122.99		0.29			166,895.72		583		37.59			7.869
40.01—45.00		35		6,201,547.91		0.60			177,187.08		587		43.14			8.012
45.01—50.00		44		8,285,847.90		0.80			188,314.73		584		47.82			7.856
50.01—55.00		64		12,949,566.29		1.24			202,336.97		574		52.66			8.096
55.01—60.00		95		19,252,304.97		1.85			202,655.84		570		58.22			7.970
60.01—65.00		147		32,057,685.69		3.08			218,079.49		579		63.28			8.072
65.01—70.00		226		54,746,935.90		5.26			242,243.08		587		68.85			8.177
70.01—75.00		282		65,949,883.58		6.33			233,864.84		582		73.95			8.348
75.01—80.00		1,533		371,250,129.08		35.64			242,172.30		634		79.78			7.871
80.01—85.00		585		138,099,007.73		13.26			236,066.68		587		84.50			8.524
85.01—90.00		905		218,143,786.96		20.94			241,042.86		616		89.64			8.621
90.01—95.00		374		101,739,097.26		9.77			272,029.67		636		94.83			8.536
95.01—100.00		25		6,319,933.81		0.61			252,797.35		655		100.00			10.102
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		1	$	49,990.87		0.00	%	$	49,990.87		502		7.87	%		9.525	%
15.01—20.00		5		445,683.44		0.04			89,136.69		696		18.88			8.440
20.01—25.00		2		145,877.47		0.01			72,938.74		531		23.19			9.552
25.01—30.00		5		652,478.31		0.06			130,495.66		585		28.13			8.503
30.01—35.00		16		2,345,163.50		0.23			146,572.72		596		33.06			8.520
35.01—40.00		18		3,004,122.99		0.29			166,895.72		583		37.59			7.869
40.01—45.00		35		6,201,547.91		0.60			177,187.08		587		43.14			8.012
45.01—50.00		44		8,285,847.90		0.80			188,314.73		584		47.82			7.856
50.01—55.00		63		12,871,658.24		1.24			204,312.04		575		52.67			8.093
55.01—60.00		94		19,003,804.97		1.82			202,168.14		568		58.22			7.993
60.01—65.00		146		31,696,852.39		3.04			217,101.73		579		63.29			8.065
65.01—70.00		223		53,574,216.48		5.14			240,243.12		587		68.83			8.194
70.01—75.00		279		65,668,537.34		6.30			235,371.10		582		73.89			8.357
75.01—80.00		532		121,980,243.25		11.71			229,286.17		588		79.39			8.382
80.01—85.00		537		127,653,394.50		12.26			237,715.82		586		84.38			8.521
85.01—90.00		866		211,275,893.82		20.28			243,967.54		616		89.54			8.594
90.01—95.00		434		113,555,248.01		10.90			261,648.04		635		93.59			8.529
95.01—100.00		1,062		263,228,482.27		25.27			247,861.09		655		80.81			7.725
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		859	$	302,119,698.79		29.00	%	$	351,710.94		625		79.59	%		7.873	%
FL		496		102,900,368.80		9.88			207,460.42		601		80.39			8.509
NY		257		87,641,641.82		8.41			341,018.06		621		80.77			8.078
NJ		249		71,022,893.84		6.82			285,232.51		624		82.09			8.396
IL		220		48,537,794.75		4.66			220,626.34		617		83.81			8.338
MD		167		43,377,968.70		4.16			259,748.32		600		81.27			8.241
AZ		160		34,911,747.19		3.35			218,198.42		614		79.57			8.094
MA		128		33,508,355.11		3.22			261,784.02		613		78.82			8.374
TX		219		32,937,894.60		3.16			150,401.35		616		81.40			8.700
WA		105		26,983,770.81		2.59			256,988.29		607		83.67			8.066
PA		154		22,823,203.85		2.19			148,202.62		598		83.29			8.661
HI		48		16,861,088.94		1.62			351,272.69		646		80.12			7.607
NV		69		16,226,517.67		1.56			235,166.92		610		78.82			8.224
GA		90		15,873,450.17		1.52			176,371.67		605		84.25			8.715
VA		67		14,412,210.11		1.38			215,107.61		582		78.57			8.506
Other		1,074		171,500,438.51		16.46			159,683.83		603		83.42			8.680
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		383	$	78,608,835.09		7.55	%	$	205,245.00		647		84.14	%		9.145	%
Primary Residence		3,875		938,304,034.89		90.08			242,142.98		611		80.81			8.166
Second Home		104		24,726,173.68		2.37			237,751.67		644		82.68			8.724
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
One Family		3,190	$	729,685,274.45		70.05	%	$	228,741.47		610		81.00	%		8.253	%
Pud-Detached		427		115,469,944.82		11.09			270,421.42		617		82.32			8.156
2-4 Unit		318		100,078,163.27		9.61			314,711.21		629		79.76			8.301
Condo		305		68,431,010.33		6.57			224,363.97		631		81.47			8.300
Pud-Attached		120		27,558,817.79		2.65			229,656.81		610		82.95			8.371
Modular Home		2		415,833.00		0.04			207,916.50		572		81.06			9.026
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		2,360	$	570,089,778.57		54.73	%	$	241,563.47		595		79.27	%		8.324	%
Purchase		1,581		368,637,582.05		35.39			233,167.35		643		83.51			8.226
Rate/Term		421		102,911,683.04		9.88			244,445.80		617		82.70			7.962
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full Documentation		2,561	$	570,946,749.93		54.81	%	$	222,938.99		601		81.49	%		7.973	%
Limited Documentation		66		16,718,910.24		1.61			253,316.82		607		77.63			8.062
Stated Documentation		1,735		453,973,383.49		43.58			261,656.13		631		80.76			8.614
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		19	$	4,017,943.60		0.39	%	$	211,470.72		500		75.64	%		9.108	%
501—525		379		74,500,092.98		7.15			196,570.17		513		75.04			9.285
526—550		395		81,247,074.97		7.80			205,688.80		538		76.21			8.893
551—575		562		119,354,841.86		11.46			212,375.16		562		78.99			8.722
576—600		568		130,370,569.96		12.52			229,525.65		589		82.09			8.484
601—625		757		184,705,285.03		17.73			243,996.41		612		82.59			8.082
626—650		672		166,206,469.24		15.96			247,331.06		638		83.00			7.959
651—675		514		141,429,618.21		13.58			275,154.90		661		82.18			7.826
676—700		244		66,179,352.24		6.35			271,226.85		688		82.67			7.791
701—725		126		37,282,008.74		3.58			295,888.96		712		83.97			7.582
726—750		70		21,607,257.95		2.07			308,675.11		737		83.20			7.577
751—775		32		8,724,094.17		0.84			272,627.94		760		81.98			8.012
776—800		16		4,472,384.06		0.43			279,524.00		781		82.79			7.427
801—825		8		1,542,050.65		0.15			192,756.33		806		73.14			7.408
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		1,456	$	358,312,317.24		34.40	%	$	246,093.62		619		82.08	%		8.609	%
12		253		83,836,429.82		8.05			331,369.29		618		81.86			8.249
24		2,268		502,069,445.18		48.20			221,371.01		608		80.23			8.096
36		385		97,420,851.42		9.35			253,041.17		625		81.41			7.760
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1.000		37	$	6,136,689.78		0.59	%	$	165,856.48		593		83.45	%		8.864	%
1.500		3		634,494.34		0.06			211,498.11		621		82.03			10.027
2.000		4,322		1,034,867,859.54		99.35			239,441.89		614		81.10			8.249
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1.000		41	$	6,640,827.99		0.64	%	$	161,971.41		593		83.26	%		8.901	%
1.500		4,321		1,034,998,215.67		99.36			239,527.47		614		81.10			8.249
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.001—6.000		868	$	217,911,994.48		20.92	%	$	251,050.68		631		81.68	%		7.837	%
6.001—7.000		3,278		779,504,926.20		74.83			237,798.94		613		81.50			8.309
7.001—8.000		214		43,717,178.43		4.20			204,285.88		560		71.39			9.324
8.001—9.000		2		504,944.55		0.05			252,472.28		552		80.75			10.104
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
12.001—13.000		62	$	21,039,874.78		2.02	%	$	339,352.82		659		77.26	%		5.859	%
13.001—14.000		481		145,991,509.21		14.02			303,516.65		644		78.62			6.685
14.001—15.000		1,212		314,087,852.05		30.15			259,148.39		629		79.78			7.601
15.001—16.000		1,313		306,568,921.89		29.43			233,487.37		607		81.97			8.564
16.001—17.000		940		190,059,329.77		18.25			202,190.78		585		83.36			9.510
17.001—18.000		293		54,867,594.74		5.27			187,261.42		580		84.55			10.464
18.001—19.000		54		8,110,115.55		0.78			150,187.33		566		80.49			11.355
19.001 >=		7		913,845.67		0.09			130,549.38		542		68.02			12.363
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.001—6.000		24	$	7,866,281.45		0.76	%	$	327,761.73		675		78.79	%		5.806	%
6.001—7.000		505		157,025,729.61		15.07			310,942.04		645		78.48			6.610
7.001—8.000		1,215		314,209,389.04		30.16			258,608.55		629		79.69			7.593
8.001—9.000		1,312		306,706,233.11		29.44			233,769.99		608		82.01			8.558
9.001—10.000		949		191,072,652.13		18.34			201,341.05		585		83.36			9.504
10.001—11.000		296		55,734,797.10		5.35			188,293.23		579		84.50			10.469
11.001—12.000		54		8,110,115.55		0.78			150,187.33		566		80.49			11.355
12.001 >=		7		913,845.67		0.09			130,549.38		542		68.02			12.363
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Initial Rate Adjustment Date

Initial Interest Rate Adjustment Date	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
6/1/2008		1	$	110,904.76		0.01	%	$	110,904.76		508		67.27	%		10.400	%
7/1/2008		8		1,775,350.25		0.17			221,918.78		620		81.08			8.829
8/1/2008		58		13,024,518.92		1.25			224,560.67		608		80.99			9.041
9/1/2008		170		44,272,320.66		4.25			260,425.42		600		83.32			8.924
10/1/2008		1,221		293,396,263.87		28.17			240,291.78		611		80.57			8.306
11/1/2008		1,861		417,598,032.23		40.09			224,394.43		614		80.80			8.201
12/1/2008		20		4,905,770.00		0.47			245,288.50		628		80.34			8.116
7/1/2009		4		938,455.08		0.09			234,613.77		623		85.97			8.335
8/1/2009		59		13,477,068.56		1.29			228,424.89		599		81.69			8.887
9/1/2009		233		59,411,514.06		5.70			254,985.04		604		83.69			8.745
10/1/2009		126		33,157,144.81		3.18			263,151.94		612		80.05			8.389
11/1/2009		585		155,417,140.06		14.92			265,670.32		630		81.39			7.768
12/1/2009		16		4,154,560.40		0.40			259,660.03		627		86.23			7.958
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
First Lien		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%
Total:		4,362	$	1,041,639,043.66		100.00	%	$	238,798.50		614		81.11	%		8.253	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Prinicpal Balance:	$174,995,801.01
	Number of Mortgage Loans:	999
	Average Scheduled Principal Balance:	$175,170.97
	Weighted Average Gross Coupon:	8.384%
	Weighted Average Original Credit Score:	625
	Weighted Average Original LTV Ratio¹:	78.96%
	Weighted Average Combined LTV Ratio¹:	82.12%
	Weighted Average Stated Remaining Term (months):	354
	Weighted Average Original Term (months):	356
	Interest Only Loans:	3.35%
	Silent Seconds:	16.03%

(1)

The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

The combined (“CLTV”) loan-to-value of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
10 Fixed		2	$	99,732.58		0.06	%	$	49,866.29		606		76.56	%		7.712	%
15 Fixed		20		2,278,301.70		1.30			113,915.09		585		64.00			8.508
20 Fixed		15		1,888,365.73		1.08			125,891.05		579		71.83			8.850
30 Fixed		581		81,429,191.56		46.53			140,153.51		619		80.40			8.741
30 Fixed 5Y-IO		27		5,855,533.83		3.35			216,871.62		646		82.07			7.897
40/30 Fixed		354		83,444,675.61		47.68			235,719.42		631		77.91			8.057
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
6.001—6.500		40	$	13,257,091.26		7.58	%	$	331,427.28		677		74.49	%		6.498	%
6.501—7.000		78		22,738,259.71		12.99			291,516.15		658		75.43			6.808
7.001—7.500		74		20,643,543.75		11.80			278,966.81		635		73.75			7.311
7.501—8.000		112		23,862,658.79		13.64			213,059.45		633		77.24			7.825
8.001—8.500		96		17,650,014.64		10.09			183,854.32		634		77.99			8.293
8.501—9.000		124		22,340,293.03		12.77			180,163.65		618		80.26			8.768
9.001—9.500		101		14,721,444.40		8.41			145,756.88		603		81.48			9.245
9.501—10.000		162		17,881,918.39		10.22			110,382.21		587		83.11			9.783
10.001—10.500		78		8,429,702.80		4.82			108,073.11		581		85.39			10.285
10.501—11.000		77		7,816,307.83		4.47			101,510.49		585		86.97			10.731
11.001—11.500		39		4,014,062.69		2.29			102,924.68		611		89.71			11.270
11.501—12.000		11		1,103,705.95		0.63			100,336.90		545		80.74			11.707
12.001—12.500		7		536,797.77		0.31			76,685.40		638		85.07			12.248
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		79	$	3,086,644.20		1.76	%	$	39,071.45		639		91.93	%		10.041	%
50,000.01—100,000.00		285		21,680,159.35		12.39			76,070.73		605		81.25			9.549
100,000.01—150,000.00		216		26,358,802.87		15.06			122,031.49		604		79.67			9.112
150,000.01—200,000.00		111		19,362,929.22		11.06			174,440.80		610		77.51			8.505
200,000.01—250,000.00		98		21,916,821.81		12.52			223,641.04		612		76.08			8.257
250,000.01—300,000.00		59		16,233,029.24		9.28			275,136.09		618		78.22			8.298
300,000.01—350,000.00		41		13,292,799.15		7.60			324,214.61		640		78.52			7.936
350,000.01—400,000.00		43		15,953,439.33		9.12			371,010.22		639		76.55			7.669
400,000.01—450,000.00		20		8,694,847.64		4.97			434,742.38		665		79.54			7.422
450,000.01—500,000.00		17		8,154,586.65		4.66			479,681.57		662		84.57			7.583
500,000.01—550,000.00		10		5,185,271.49		2.96			518,527.15		649		84.88			7.556
550,000.01—600,000.00		6		3,457,300.98		1.98			576,216.83		686		75.30			7.033
600,000.01—650,000.00		4		2,521,488.29		1.44			630,372.07		631		81.53			7.642
650,000.01—700,000.00		1		673,297.32		0.38			673,297.32		665		71.05			6.900
700,000.01—750,000.00		3		2,200,473.98		1.26			733,491.33		612		70.45			7.324
750,000.01—800,000.00		1		767,606.99		0.44			767,606.99		671		80.00			8.400
800,000.01—850,000.00		1		814,666.69		0.47			814,666.69		644		80.00			9.050
950,000.01—1,000,000.00		2		1,997,248.99		1.14			998,624.50		638		80.00			8.113
1,000,000.01 >=		2		2,644,386.82		1.51			1,322,193.41		674		72.99			7.890
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		79	$	3,086,644.20		1.76	%	$	39,071.45		639		91.93	%		10.041	%
50,000.01—100,000.00		285		21,680,159.35		12.39			76,070.73		605		81.25			9.549
100,000.01—150,000.00		216		26,358,802.87		15.06			122,031.49		604		79.67			9.112
150,000.01—200,000.00		112		19,562,777.38		11.18			174,667.66		610		77.55			8.489
200,000.01—250,000.00		97		21,716,973.65		12.41			223,886.33		612		76.03			8.269
250,000.01—300,000.00		59		16,233,029.24		9.28			275,136.09		618		78.22			8.298
300,000.01—350,000.00		43		13,991,893.34		8.00			325,392.87		640		78.15			7.920
350,000.01—400,000.00		41		15,254,345.14		8.72			372,057.20		639		76.80			7.672
400,000.01—450,000.00		20		8,694,847.64		4.97			434,742.38		665		79.54			7.422
450,000.01—500,000.00		17		8,154,586.65		4.66			479,681.57		662		84.57			7.583
500,000.01—550,000.00		10		5,185,271.49		2.96			518,527.15		649		84.88			7.556
550,000.01—600,000.00		6		3,457,300.98		1.98			576,216.83		686		75.30			7.033
600,000.01—650,000.00		4		2,521,488.29		1.44			630,372.07		631		81.53			7.642
650,000.01—700,000.00		1		673,297.32		0.38			673,297.32		665		71.05			6.900
700,000.01—750,000.00		3		2,200,473.98		1.26			733,491.33		612		70.45			7.324
750,000.01—800,000.00		1		767,606.99		0.44			767,606.99		671		80.00			8.400
800,000.01—850,000.00		1		814,666.69		0.47			814,666.69		644		80.00			9.050
950,000.01—1,000,000.00		2		1,997,248.99		1.14			998,624.50		638		80.00			8.113
1,000,000.01 >=		2		2,644,386.82		1.51			1,322,193.41		674		72.99			7.890
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
61—120		2	$	99,732.58		0.06	%	$	49,866.29		606		76.56	%		7.712	%
121—180		20		2,278,301.70		1.30			113,915.09		585		64.00			8.508
181—240		15		1,888,365.73		1.08			125,891.05		579		71.83			8.850
301—360		962		170,729,401.00		97.56			177,473.39		626		79.24			8.378
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
61—120		2	$	99,732.58		0.06	%	$	49,866.29		606		76.56	%		7.712	%
121—180		20		2,278,301.70		1.30			113,915.09		585		64.00			8.508
181—240		15		1,888,365.73		1.08			125,891.05		579		71.83			8.850
301—360		962		170,729,401.00		97.56			177,473.39		626		79.24			8.378
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		1	$	49,973.11		0.03	%	$	49,973.11		624		10.00	%		9.075	%
10.01—15.00		1		49,972.54		0.03			49,972.54		595		11.11			8.975
20.01—25.00		2		207,116.59		0.12			103,558.30		664		21.99			7.015
25.01—30.00		5		489,220.89		0.28			97,844.18		592		26.38			9.168
30.01—35.00		4		293,866.45		0.17			73,466.61		539		33.06			10.465
35.01—40.00		4		369,788.91		0.21			92,447.23		612		38.51			8.855
40.01—45.00		14		2,021,761.72		1.16			144,411.55		565		42.66			7.892
45.01—50.00		26		3,841,776.90		2.20			147,760.65		596		47.63			7.821
50.01—55.00		20		3,661,845.41		2.09			183,092.27		609		53.09			7.835
55.01—60.00		39		9,357,666.13		5.35			239,940.16		628		58.73			7.256
60.01—65.00		44		8,481,783.49		4.85			192,767.81		594		63.52			7.905
65.01—70.00		52		9,599,765.68		5.49			184,610.88		598		68.36			8.143
70.01—75.00		80		16,207,077.19		9.26			202,588.46		620		73.95			8.063
75.01—80.00		248		51,486,317.31		29.42			207,606.12		639		79.73			8.327
80.01—85.00		108		20,348,909.56		11.63			188,415.83		585		84.57			8.758
85.01—90.00		118		24,071,268.86		13.76			203,993.80		630		89.69			8.520
90.01—95.00		57		12,079,192.03		6.90			211,915.65		650		94.85			7.986
95.01—100.00		176		12,378,498.24		7.07			70,332.38		671		100.00			10.263
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		1	$	49,973.11		0.03	%	$	49,973.11		624		10.00	%		9.075	%
10.01—15.00		1		49,972.54		0.03			49,972.54		595		11.11			8.975
20.01—25.00		2		207,116.59		0.12			103,558.30		664		21.99			7.015
25.01—30.00		5		489,220.89		0.28			97,844.18		592		26.38			9.168
30.01—35.00		4		293,866.45		0.17			73,466.61		539		33.06			10.465
35.01—40.00		4		369,788.91		0.21			92,447.23		612		38.51			8.855
40.01—45.00		14		2,021,761.72		1.16			144,411.55		565		42.66			7.892
45.01—50.00		26		3,841,776.90		2.20			147,760.65		596		47.63			7.821
50.01—55.00		20		3,661,845.41		2.09			183,092.27		609		53.09			7.835
55.01—60.00		39		9,357,666.13		5.35			239,940.16		628		58.73			7.256
60.01—65.00		44		8,481,783.49		4.85			192,767.81		594		63.52			7.905
65.01—70.00		49		8,388,211.48		4.79			171,187.99		600		68.57			8.206
70.01—75.00		77		15,565,591.85		8.89			202,150.54		622		73.96			8.038
75.01—80.00		138		25,846,749.40		14.77			187,295.29		598		79.48			8.558
80.01—85.00		106		21,098,486.16		12.06			199,042.32		586		83.66			8.686
85.01—90.00		117		24,129,403.68		13.79			206,234.22		629		89.50			8.519
90.01—95.00		62		12,513,826.80		7.15			201,835.92		647		94.54			8.038
95.01—100.00		290		38,628,759.50		22.07			133,202.62		676		86.33			8.797
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		145	$	35,672,668.32		20.38	%	$	246,018.40		649		78.01	%		7.751	%
NY		83		25,433,030.69		14.53			306,422.06		637		78.94			8.120
TX		189		20,056,454.88		11.46			106,118.81		600		80.35			8.964
FL		127		19,671,041.30		11.24			154,890.09		615		75.41			8.392
NJ		31		7,692,651.44		4.40			248,150.05		639		78.65			8.324
HI		22		7,468,688.98		4.27			339,485.86		648		76.91			7.594
MA		24		6,051,070.90		3.46			252,127.95		643		78.92			8.160
MD		28		5,496,937.37		3.14			196,319.19		609		77.58			8.768
IL		31		4,775,109.24		2.73			154,035.78		594		83.30			9.417
PA		30		4,258,995.08		2.43			141,966.50		609		76.04			8.653
GA		29		3,712,259.31		2.12			128,008.94		619		81.11			9.487
AZ		27		3,417,618.86		1.95			126,578.48		612		79.88			8.275
WA		11		3,010,596.20		1.72			273,690.56		638		76.89			7.994
CT		10		2,594,683.88		1.48			259,468.39		597		79.08			8.233
MN		18		2,102,248.74		1.20			116,791.60		625		85.64			8.789
Other		194		23,581,745.82		13.48			121,555.39		607		82.11			8.980
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		53	$	6,236,421.57		3.56	%	$	117,668.33		638		79.81	%		8.836	%
Primary Residence		919		164,267,387.93		93.87			178,745.80		624		78.93			8.361
Second Home		27		4,491,991.51		2.57			166,370.06		658		78.81			8.595
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
One Family		752	$	131,192,832.29		74.97	%	$	174,458.55		619		78.75	%		8.394	%
Pud-Detached		123		17,344,064.47		9.91			141,008.65		624		82.68			8.548
2-4 Unit		60		15,962,520.06		9.12			266,042.00		660		75.83			8.179
Condo		45		7,047,116.74		4.03			156,602.59		666		79.94			8.279
Pud-Attached		18		3,221,117.45		1.84			178,950.97		614		81.10			8.398
Modular Home		1		228,150.00		0.13			228,150.00		617		74.80			7.990
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		583	$	111,240,643.27		63.57	%	$	190,807.28		609		75.91	%		8.264	%
Purchase		301		42,799,038.19		24.46			142,189.50		674		86.10			8.724
Rate/Term		115		20,956,119.55		11.98			182,227.13		612		80.57			8.325
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full Documentation		735	$	125,972,356.41		71.99	%	$	171,390.96		616		78.09	%		8.196	%
Limited Documentation		14		3,573,634.44		2.04			255,259.60		618		81.34			8.401
Stated Documentation		250		45,449,810.16		25.97			181,799.24		652		81.17			8.904
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		2	$	246,593.86		0.14	%	$	123,296.93		500		82.88	%		9.401	%
501—525		85		12,736,055.25		7.28			149,835.94		513		74.24			9.688
526—550		92		14,013,541.41		8.01			152,321.10		537		73.96			9.407
551—575		105		15,911,399.26		9.09			151,537.14		563		75.14			8.914
576—600		107		18,043,277.93		10.31			168,628.77		589		75.60			8.295
601—625		154		27,880,035.84		15.93			181,039.19		614		78.49			8.163
626—650		159		27,860,433.17		15.92			175,222.85		638		82.17			8.204
651—675		114		19,708,958.07		11.26			172,885.60		663		81.67			8.032
676—700		88		14,883,335.13		8.50			169,128.81		686		82.70			7.987
701—725		38		9,223,425.36		5.27			242,721.72		711		81.54			7.902
726—750		36		9,602,029.37		5.49			266,723.04		739		82.74			7.867
751—775		13		3,095,354.97		1.77			238,104.23		763		82.84			7.722
776—800		5		1,539,788.37		0.88			307,957.67		781		74.27			7.043
801—825		1		251,573.02		0.14			251,573.02		802		80.00			6.650
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		306	$	44,065,869.68		25.18	%	$	144,006.11		612		79.68	%		8.968	%
12		83		25,192,414.92		14.40			303,523.07		631		78.26			8.101
24		78		6,611,265.38		3.78			84,759.81		648		92.50			9.787
36		532		99,126,251.03		56.64			186,327.54		628		77.91			8.103
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
First Lien		826	$	163,544,125.23		93.46	%	$	197,995.31		622		77.49	%		8.247	%
Second Lien		173		11,451,675.78		6.54			66,194.66		672		99.91			10.344
Total:		999	$	174,995,801.01		100.00	%	$	175,170.97		625		78.96	%		8.384	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Principal Balance:	$546,028,810.44
	Number of Mortgage Loans:	2,142
	Average Scheduled Principal Balance:	$254,915.41
	Weighted Average Gross Coupon:	8.372%
	Weighted Average Original Credit Score:	604
	Weighted Average Original LTV Ratio²:	79.66%
	Weighted Average Combined LTV Ratio²:	82.78%
	Weighted Average Stated Remaining Term (months):	358
	Weighted Average Original Term (months):	360
	Weighted Average Roll Term¹ (months):	27
	Weighted Average Gross Margin¹:	6.274%
	Weighted Average Initial Rate Cap¹:	2.000%
	Weighted Average Periodic Rate Cap¹:	1.500%
	Interest Only Loans:	0.00%
	Silent Seconds:	16.67%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)	The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The combined loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
40/30 2/1 ARM		1,391	$	354,000,957.62		64.83	%	$	254,493.86		597		80.11	%		8.496	%
40/30 3/1 ARM		397		108,583,177.21		19.89			273,509.26		609		79.52			8.210
40/30 Fixed		354		83,444,675.61		15.28			235,719.42		631		77.91			8.057
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		18	$	6,379,423.83		1.17	%	$	354,412.44		645		74.26	%		5.889	%
6.001—6.500		69		22,201,386.90		4.07			321,759.23		651		76.39			6.360
6.501—7.000		154		47,124,261.71		8.63			306,001.70		632		76.34			6.841
7.001—7.500		206		59,548,382.40		10.91			289,069.82		624		76.59			7.316
7.501—8.000		344		95,297,633.32		17.45			277,028.00		614		78.65			7.811
8.001—8.500		289		72,275,138.40		13.24			250,086.98		605		78.29			8.287
8.501—9.000		377		93,644,755.15		17.15			248,394.58		591		81.29			8.793
9.001—9.500		258		57,866,376.07		10.60			224,288.28		581		82.70			9.277
9.501—10.000		215		49,223,424.19		9.01			228,946.16		581		82.00			9.770
10.001—10.500		108		22,283,471.03		4.08			206,328.44		586		84.82			10.282
10.501—11.000		72		15,069,933.37		2.76			209,304.63		576		84.97			10.737
11.001—11.500		17		2,335,190.97		0.43			137,364.17		557		78.27			11.295
11.501—12.000		9		1,991,551.77		0.36			221,283.53		571		86.26			11.610
12.001—12.500		4		559,088.77		0.10			139,772.19		530		77.41			12.326
12.501—13.000		2		228,792.56		0.04			114,396.28		549		43.99			12.625
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		6	$	299,446.10		0.05	%	$	49,907.68		542		40.88	%		9.626	%
50,000.01—100,000.00		170		13,868,992.82		2.54			81,582.31		577		76.78			9.289
100,000.01—150,000.00		353		44,475,468.17		8.15			125,992.83		587		77.09			8.795
150,000.01—200,000.00		365		63,928,421.45		11.71			175,146.36		589		76.73			8.590
200,000.01—250,000.00		341		76,643,320.34		14.04			224,760.47		595		77.07			8.469
250,000.01—300,000.00		243		67,073,388.06		12.28			276,022.17		596		78.82			8.364
300,000.01—350,000.00		164		53,424,984.61		9.78			325,762.10		605		81.95			8.353
350,000.01—400,000.00		201		75,191,848.50		13.77			374,088.80		607		79.31			8.102
400,000.01—450,000.00		109		46,357,514.32		8.49			425,298.30		623		82.39			8.082
450,000.01—500,000.00		85		40,616,733.91		7.44			477,843.93		621		82.90			8.179
500,000.01—550,000.00		44		23,049,773.99		4.22			523,858.50		620		84.04			8.209
550,000.01—600,000.00		23		13,204,670.38		2.42			574,116.10		632		84.47			8.226
600,000.01—650,000.00		14		8,803,443.13		1.61			628,817.37		634		79.18			8.457
650,000.01—700,000.00		8		5,404,743.64		0.99			675,592.96		642		88.48			8.017
700,000.01—750,000.00		6		4,353,222.59		0.80			725,537.10		613		84.84			8.167
750,000.01—800,000.00		2		1,567,476.58		0.29			783,738.29		620		80.00			9.165
800,000.01—850,000.00		3		2,533,564.38		0.46			844,521.46		657		83.78			8.621
850,000.01—900,000.00		1		879,711.04		0.16			879,711.04		627		89.98			7.525
900,000.01—950,000.00		1		919,311.74		0.17			919,311.74		634		80.00			8.500
1,000,000.01 >=		3		3,432,774.69		0.63			1,144,258.23		668		80.21			7.338
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		6	$	299,446.10		0.05	%	$	49,907.68		542		40.88	%		9.626	%
50,000.01—100,000.00		172		14,068,927.73		2.58			81,796.09		577		76.41			9.263
100,000.01—150,000.00		351		44,275,533.26		8.11			126,141.12		587		77.21			8.801
150,000.01—200,000.00		366		64,128,269.61		11.74			175,213.85		589		76.74			8.585
200,000.01—250,000.00		340		76,443,472.18		14.00			224,833.74		594		77.06			8.472
250,000.01—300,000.00		243		67,073,388.06		12.28			276,022.17		596		78.82			8.364
300,000.01—350,000.00		167		54,474,354.32		9.98			326,193.74		604		81.69			8.329
350,000.01—400,000.00		198		74,142,478.79		13.58			374,456.96		607		79.46			8.116
400,000.01—450,000.00		109		46,357,514.32		8.49			425,298.30		623		82.39			8.082
450,000.01—500,000.00		85		40,616,733.91		7.44			477,843.93		621		82.90			8.179
500,000.01—550,000.00		44		23,049,773.99		4.22			523,858.50		620		84.04			8.209
550,000.01—600,000.00		23		13,204,670.38		2.42			574,116.10		632		84.47			8.226
600,000.01—650,000.00		15		9,453,126.02		1.73			630,208.40		636		79.58			8.324
650,000.01—700,000.00		7		4,755,060.75		0.87			679,294.39		640		88.96			8.221
700,000.01—750,000.00		6		4,353,222.59		0.80			725,537.10		613		84.84			8.167
750,000.01—800,000.00		2		1,567,476.58		0.29			783,738.29		620		80.00			9.165
800,000.01—850,000.00		3		2,533,564.38		0.46			844,521.46		657		83.78			8.621
850,000.01—900,000.00		1		879,711.04		0.16			879,711.04		627		89.98			7.525
900,000.01—950,000.00		1		919,311.74		0.17			919,311.74		634		80.00			8.500
1,000,000.01 >=		3		3,432,774.69		0.63			1,144,258.23		668		80.21			7.338
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		1	$	49,990.87		0.01	%	$	49,990.87		502		7.87	%		9.525	%
15.01—20.00		4		395,738.69		0.07			98,934.67		700		19.27			8.374
20.01—25.00		2		157,936.49		0.03			78,968.25		624		22.19			8.235
25.01—30.00		4		429,598.73		0.08			107,399.68		609		27.40			8.403
30.01—35.00		13		1,583,151.48		0.29			121,780.88		574		33.21			8.997
35.01—40.00		15		2,635,374.77		0.48			175,691.65		587		37.52			7.790
40.01—45.00		24		4,809,866.76		0.88			200,411.12		574		43.23			7.953
45.01—50.00		35		6,665,727.44		1.22			190,449.36		582		47.49			7.798
50.01—55.00		43		9,279,520.21		1.70			215,802.80		575		52.96			8.007
55.01—60.00		79		16,964,208.33		3.11			214,736.81		573		58.34			7.826
60.01—65.00		104		23,004,903.20		4.21			221,200.99		573		63.31			8.084
65.01—70.00		147		37,594,528.68		6.89			255,745.09		579		68.91			8.250
70.01—75.00		176		45,454,920.02		8.32			258,266.59		581		73.98			8.245
75.01—80.00		591		157,018,786.68		28.76			265,683.23		626		79.67			8.156
80.01—85.00		318		79,884,085.16		14.63			251,207.81		577		84.52			8.543
85.01—90.00		418		110,685,236.25		20.27			264,797.22		611		89.67			8.710
90.01—95.00		143		43,115,897.05		7.90			301,509.77		643		94.82			8.545
95.01—100.00		25		6,299,339.63		1.15			251,973.59		656		100.00			10.197
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		1	$	49,990.87		0.01	%	$	49,990.87		502		7.87	%		9.525	%
15.01—20.00		4		395,738.69		0.07			98,934.67		700		19.27			8.374
20.01—25.00		2		157,936.49		0.03			78,968.25		624		22.19			8.235
25.01—30.00		4		429,598.73		0.08			107,399.68		609		27.40			8.403
30.01—35.00		13		1,583,151.48		0.29			121,780.88		574		33.21			8.997
35.01—40.00		15		2,635,374.77		0.48			175,691.65		587		37.52			7.790
40.01—45.00		24		4,809,866.76		0.88			200,411.12		574		43.23			7.953
45.01—50.00		35		6,665,727.44		1.22			190,449.36		582		47.49			7.798
50.01—55.00		43		9,279,520.21		1.70			215,802.80		575		52.96			8.007
55.01—60.00		79		16,964,208.33		3.11			214,736.81		573		58.34			7.826
60.01—65.00		103		22,644,069.90		4.15			219,845.34		573		63.31			8.074
65.01—70.00		143		35,737,271.01		6.54			249,910.99		580		68.94			8.284
70.01—75.00		175		45,437,152.99		8.32			259,640.87		581		73.89			8.259
75.01—80.00		300		78,129,470.73		14.31			260,431.57		579		79.36			8.446
80.01—85.00		299		76,181,347.08		13.95			254,787.11		577		84.09			8.510
85.01—90.00		404		108,576,135.18		19.88			268,752.81		611		89.57			8.687
90.01—95.00		162		46,197,607.94		8.46			285,170.42		640		94.33			8.590
95.01—100.00		336		90,154,641.84		16.51			268,317.39		666		81.76			8.078
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		482	$	160,009,220.15		29.30	%	$	331,969.34		608		77.16	%		8.136	%
NY		212		74,744,931.82		13.69			352,570.43		623		79.97			8.014
FL		311		63,171,338.62		11.57			203,123.28		586		78.68			8.608
NJ		117		34,795,840.67		6.37			297,400.35		622		81.31			8.443
MD		89		23,012,700.77		4.21			258,569.67		590		80.28			8.503
MA		71		19,644,795.87		3.60			276,687.27		612		80.22			8.392
AZ		88		18,498,884.56		3.39			210,214.60		593		79.09			8.325
WA		63		16,908,378.42		3.10			268,386.96		597		82.77			8.127
IL		68		15,704,821.62		2.88			230,953.26		603		81.68			8.508
HI		33		11,016,145.01		2.02			333,822.58		647		79.26			7.815
PA		55		8,940,413.50		1.64			162,552.97		582		81.21			9.001
VA		37		8,331,833.10		1.53			225,184.68		569		76.80			8.646
TX		41		8,213,347.77		1.50			200,325.56		615		84.66			9.154
GA		44		7,682,578.24		1.41			174,604.05		600		83.83			9.130
NV		32		7,481,615.64		1.37			233,800.49		607		77.30			8.487
Other		399		67,871,964.68		12.43			170,105.17		591		83.20			8.840
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		205	$	50,946,226.80		9.33	%	$	248,518.18		652		84.15	%		8.985	%
Primary Residence		1,899		485,231,162.96		88.87			255,519.31		599		79.13			8.295
Second Home		38		9,851,420.68		1.80			259,247.91		637		82.27			8.990
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
One Family		1,577	$	384,164,646.45		70.36	%	$	243,604.72		600		79.68	%		8.365	%
2-4 Unit		190		67,514,857.96		12.36			355,341.36		630		78.10			8.268
Pud-Detached		172		48,202,946.21		8.83			280,249.69		597		81.17			8.345
Condo		149		33,284,041.91		6.10			223,382.83		619		79.81			8.569
Pud-Attached		53		12,637,159.62		2.31			238,436.97		594		81.06			8.709
Modular Home		1		225,158.29		0.04			225,158.29		518		85.00			9.175
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		1,398	$	353,028,357.04		64.65	%	$	252,523.86		587		77.46	%		8.317	%
Purchase		549		145,242,650.37		26.60			264,558.56		647		84.76			8.559
Rate/Term		195		47,757,803.03		8.75			244,911.81		602		80.34			8.207
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full Documentation		1,248	$	291,747,649.31		53.43	%	$	233,772.15		587		79.52	%		8.107	%
Limited Documentation		33		8,811,692.56		1.61			267,020.99		577		76.22			8.503
Stated Documentation		861		245,469,468.57		44.96			285,098.11		626		79.94			8.682
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		14	$	3,124,447.56		0.57	%	$	223,174.83		500		75.30	%		8.956	%
501—525		258		56,871,038.73		10.42			220,430.38		513		74.90			9.180
526—550		260		58,477,471.07		10.71			224,913.35		537		75.01			8.709
551—575		359		83,144,244.54		15.23			231,599.57		562		77.94			8.593
576—600		303		79,077,326.63		14.48			260,981.28		588		79.67			8.406
601—625		266		69,684,495.94		12.76			261,971.79		613		81.69			8.178
626—650		239		59,312,888.32		10.86			248,171.08		637		83.23			8.149
651—675		206		60,583,847.34		11.10			294,096.35		662		82.23			7.995
676—700		109		32,984,147.30		6.04			302,606.86		687		81.70			7.807
701—725		58		19,093,518.92		3.50			329,198.60		713		82.91			7.869
726—750		42		15,283,264.39		2.80			363,887.25		738		82.23			7.818
751—775		16		4,981,139.92		0.91			311,321.25		761		84.11			8.271
776—800		10		2,919,637.97		0.53			291,963.80		781		83.76			7.988
801—825		2		491,341.81		0.09			245,670.91		802		50.52			7.126
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		605	$	164,778,074.19		30.18	%	$	272,360.45		615		81.57	%		8.687	%
12		165		57,197,778.06		10.48			346,653.20		616		80.70			8.265
24		994		237,596,781.65		43.51			239,030.97		589		78.71			8.302
36		378		86,456,176.54		15.83			228,720.04		617		77.94			8.034
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		354	$	83,444,675.61		15.28	%	$	235,719.42		631		77.91	%		8.057	%
2.000		1,788		462,584,134.83		84.72			258,715.96		599		79.97			8.429
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		354	$	83,444,675.61		15.28	%	$	235,719.42		631		77.91	%		8.057	%
1.500		1,788		462,584,134.83		84.72			258,715.96		599		79.97			8.429
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		354	$	83,444,675.61		15.28	%	$	235,719.42		631		77.91	%		8.057	%
5.001—6.000		299		78,826,788.33		14.44			263,634.74		614		80.44			8.141
6.001—7.000		1,364		355,099,615.20		65.03			260,336.96		600		80.52			8.429
7.001—8.000		123		28,152,786.75		5.16			228,884.45		551		71.74			9.204
8.001—9.000		2		504,944.55		0.09			252,472.28		552		80.75			10.104
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		354	$	83,444,675.61		15.28	%	$	235,719.42		631		77.91	%		8.057	%
12.001—13.000		18		6,379,423.83		1.17			354,412.44		645		74.26			5.889
13.001—14.000		157		49,098,231.51		8.99			312,727.59		629		77.30			6.672
14.001—15.000		454		129,344,975.59		23.69			284,900.83		615		77.90			7.624
15.001—16.000		568		143,564,022.25		26.29			252,753.56		590		79.98			8.574
16.001—17.000		409		95,901,004.75		17.56			234,476.78		581		82.52			9.504
17.001—18.000		158		34,365,698.07		6.29			217,504.42		585		85.53			10.473
18.001—19.000		18		3,142,897.50		0.58			174,605.42		573		82.75			11.404
19.001 >=		6		787,881.33		0.14			131,313.56		536		67.71			12.413
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		354	$	83,444,675.61		15.28	%	$	235,719.42		631		77.91	%		8.057	%
5.001—6.000		5		1,628,162.78		0.30			325,632.56		693		79.52			5.778
6.001—7.000		169		53,469,799.66		9.79			316,389.35		629		76.94			6.604
7.001—8.000		455		129,724,668.49		23.76			285,109.16		615		77.87			7.621
8.001—9.000		568		143,564,022.25		26.29			252,753.56		590		79.98			8.574
9.001—10.000		409		95,901,004.75		17.56			234,476.78		581		82.52			9.504
10.001—11.000		158		34,365,698.07		6.29			217,504.42		585		85.53			10.473
11.001—12.000		18		3,142,897.50		0.58			174,605.42		573		82.75			11.404
12.001 >=		6		787,881.33		0.14			131,313.56		536		67.71			12.413
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Balloon Collateral)

Distribution by Initial Rate Adjustment Date

Initial Interest Rate Adjustment Date	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		354	$	83,444,675.61		15.28	%	$	235,719.42		631		77.91	%		8.057	%
6/1/2008		1		110,904.76		0.02			110,904.76		508		67.27			10.400
7/1/2008		4		1,144,307.71		0.21			286,076.93		615		83.81			8.912
8/1/2008		28		7,478,271.73		1.37			267,081.13		607		78.86			9.013
9/1/2008		112		32,433,626.61		5.94			289,585.95		595		83.64			9.057
10/1/2008		516		135,498,286.92		24.82			262,593.58		591		79.87			8.495
11/1/2008		720		174,652,689.89		31.99			242,573.18		600		79.69			8.363
12/1/2008		10		2,682,870.00		0.49			268,287.00		612		79.73			8.734
7/1/2009		1		225,751.32		0.04			225,751.32		581		89.68			8.950
8/1/2009		27		6,931,525.60		1.27			256,723.17		585		82.24			8.849
9/1/2009		79		23,379,267.31		4.28			295,940.09		591		79.83			8.687
10/1/2009		71		20,089,404.05		3.68			282,949.35		608		78.49			8.326
11/1/2009		215		57,312,029.12		10.50			266,567.58		620		79.38			7.899
12/1/2009		4		645,199.81		0.12			161,299.95		623		80.00			7.948
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
First Lien		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%
Total:		2,142	$	546,028,810.44		100.00	%	$	254,915.41		604		79.66	%		8.372	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Principal Balance:	$287,103,704.46
	Number of Mortgage Loans:	977
	Average Scheduled Principal Balance:	$293,862.54
	Weighted Average Gross Coupon:	7.589%
	Weighted Average Original Credit Score:	646
	Weighted Average Original LTV Ratio²:	82.54%
	Weighted Average Combined LTV Ratio²:	91.61%
	Weighted Average Stated Remaining Term (months):	359
	Weighted Average Original Term (months):	360
	Weighted Average Roll Term¹ (months):	28
	Weighted Average Gross Margin¹:	6.100%
	Weighted Average Initial Rate Cap¹:	1.998%
	Weighted Average Periodic Rate Cap¹:	1.499%
	Interest Only Loans:	100.00%
	Silent Seconds:	46.12%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)	The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The combined loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2/1 ARM 5Y-IO		684	$	197,302,376.34		68.72	%	$	288,453.77		644		82.27	%		7.631	%
30 Fixed 5Y-IO		27		5,855,533.83		2.04			216,871.62		646		82.07			7.897
3/1 ARM 5Y-IO		266		83,945,794.29		29.24			315,585.69		650		83.20			7.469
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.001—5.500		1	$	252,000.00		0.09	%	$	252,000.00		641		80.00	%		5.500	%
5.501—6.000		35		12,096,829.33		4.21			345,623.70		668		79.44			5.855
6.001—6.500		71		22,605,254.95		7.87			318,383.87		665		78.76			6.320
6.501—7.000		168		55,027,038.17		19.17			327,541.89		650		80.17			6.811
7.001—7.500		193		54,948,636.38		19.14			284,707.96		650		81.57			7.319
7.501—8.000		221		57,748,217.23		20.11			261,304.15		637		82.68			7.756
8.001—8.500		133		38,105,745.76		13.27			286,509.37		641		84.46			8.282
8.501—9.000		82		26,281,679.70		9.15			320,508.29		642		84.96			8.772
9.001—9.500		37		10,315,222.02		3.59			278,789.78		630		89.23			9.272
9.501—10.000		23		6,694,930.95		2.33			291,083.95		622		91.45			9.736
10.001—10.500		8		1,551,999.97		0.54			194,000.00		642		92.72			10.273
10.501—11.000		4		1,191,150.00		0.41			297,787.50		622		94.40			10.780
11.001—11.500		1		285,000.00		0.10			285,000.00		595		95.00			11.100
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
50,000.01—100,000.00		25	$	2,147,517.89		0.75	%	$	85,900.72		638		80.28	%		8.100	%
100,000.01—150,000.00		113		14,329,696.37		4.99			126,811.47		637		81.81			7.785
150,000.01—200,000.00		154		27,405,512.20		9.55			177,957.87		636		81.05			7.732
200,000.01—250,000.00		161		36,370,095.96		12.67			225,901.22		644		80.73			7.619
250,000.01—300,000.00		135		37,031,347.10		12.90			274,306.27		642		83.01			7.628
300,000.01—350,000.00		92		29,634,871.69		10.32			322,118.17		636		82.85			7.710
350,000.01—400,000.00		88		32,994,574.69		11.49			374,938.35		650		82.14			7.302
400,000.01—450,000.00		77		32,405,909.58		11.29			420,855.97		655		83.74			7.477
450,000.01—500,000.00		50		23,683,495.97		8.25			473,669.92		652		84.12			7.267
500,000.01—550,000.00		27		14,244,840.94		4.96			527,586.70		644		84.15			7.530
550,000.01—600,000.00		17		9,799,299.95		3.41			576,429.41		659		85.00			7.841
600,000.01—650,000.00		14		8,713,067.95		3.03			622,362.00		653		84.59			7.734
650,000.01—700,000.00		11		7,375,882.18		2.57			670,534.74		660		83.21			7.537
700,000.01—750,000.00		6		4,329,200.00		1.51			721,533.33		667		75.10			8.137
750,000.01—800,000.00		2		1,522,392.00		0.53			761,196.00		657		80.00			7.287
800,000.01—850,000.00		1		836,000.00		0.29			836,000.00		632		95.00			9.400
950,000.01—1,000,000.00		2		1,979,999.99		0.69			990,000.00		607		81.68			7.710
1,000,000.01 >=		2		2,300,000.00		0.80			1,150,000.00		670		77.89			7.842
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
50,000.01—100,000.00		25	$	2,147,517.89		0.75	%	$	85,900.72		638		80.28	%		8.100	%
100,000.01—150,000.00		113		14,329,696.37		4.99			126,811.47		637		81.81			7.785
150,000.01—200,000.00		154		27,405,512.20		9.55			177,957.87		636		81.05			7.732
200,000.01—250,000.00		161		36,370,095.96		12.67			225,901.22		644		80.73			7.619
250,000.01—300,000.00		135		37,031,347.10		12.90			274,306.27		642		83.01			7.628
300,000.01—350,000.00		92		29,634,871.69		10.32			322,118.17		636		82.85			7.710
350,000.01—400,000.00		88		32,994,574.69		11.49			374,938.35		650		82.14			7.302
400,000.01—450,000.00		77		32,405,909.58		11.29			420,855.97		655		83.74			7.477
450,000.01—500,000.00		50		23,683,495.97		8.25			473,669.92		652		84.12			7.267
500,000.01—550,000.00		27		14,244,840.94		4.96			527,586.70		644		84.15			7.530
550,000.01—600,000.00		17		9,799,299.95		3.41			576,429.41		659		85.00			7.841
600,000.01—650,000.00		14		8,713,067.95		3.03			622,362.00		653		84.59			7.734
650,000.01—700,000.00		11		7,375,882.18		2.57			670,534.74		660		83.21			7.537
700,000.01—750,000.00		6		4,329,200.00		1.51			721,533.33		667		75.10			8.137
750,000.01—800,000.00		2		1,522,392.00		0.53			761,196.00		657		80.00			7.287
800,000.01—850,000.00		1		836,000.00		0.29			836,000.00		632		95.00			9.400
950,000.01—1,000,000.00		2		1,979,999.99		0.69			990,000.00		607		81.68			7.710
1,000,000.01 >=		2		2,300,000.00		0.80			1,150,000.00		670		77.89			7.842
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
30.01—35.00		1	$	219,999.98		0.08	%	$	219,999.98		613		34.38	%		6.725	%
35.01—40.00		1		175,000.00		0.06			175,000.00		615		38.04			7.990
40.01—45.00		3		684,699.98		0.24			228,233.33		640		43.24			6.426
45.01—50.00		5		1,144,000.00		0.40			228,800.00		632		48.84			6.667
50.01—55.00		8		2,177,999.99		0.76			272,250.00		632		51.88			7.782
55.01—60.00		6		1,329,099.96		0.46			221,516.66		636		58.55			6.919
60.01—65.00		17		5,030,799.95		1.75			295,929.41		639		63.58			6.949
65.01—70.00		33		9,615,308.42		3.35			291,372.98		643		68.57			7.122
70.01—75.00		28		8,422,279.95		2.93			300,795.71		646		73.79			7.146
75.01—80.00		517		145,665,676.32		50.74			281,751.79		651		79.90			7.395
80.01—85.00		76		25,201,139.04		8.78			331,593.93		643		84.44			7.533
85.01—90.00		159		48,474,588.45		16.88			304,871.63		639		89.63			7.941
90.01—95.00		123		38,963,112.42		13.57			316,773.27		639		94.80			8.270
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
30.01—35.00		1	$	219,999.98		0.08	%	$	219,999.98		613		34.38	%		6.725	%
35.01—40.00		1		175,000.00		0.06			175,000.00		615		38.04			7.990
40.01—45.00		3		684,699.98		0.24			228,233.33		640		43.24			6.426
45.01—50.00		5		1,144,000.00		0.40			228,800.00		632		48.84			6.667
50.01—55.00		8		2,177,999.99		0.76			272,250.00		632		51.88			7.782
55.01—60.00		5		1,080,599.96		0.38			216,119.99		622		58.53			7.084
60.01—65.00		17		5,030,799.95		1.75			295,929.41		639		63.58			6.949
65.01—70.00		32		9,200,308.43		3.20			287,509.64		643		68.52			7.109
70.01—75.00		27		8,126,379.96		2.83			300,977.04		647		73.76			7.086
75.01—80.00		63		18,677,660.69		6.51			296,470.80		634		79.51			7.421
80.01—85.00		66		21,621,389.08		7.53			327,596.80		641		84.43			7.505
85.01—90.00		157		47,824,528.48		16.66			304,614.83		639		89.47			7.919
90.01—95.00		137		44,389,654.18		15.46			324,012.07		642		92.86			8.164
95.01—100.00		455		126,750,683.78		44.15			278,572.93		653		80.16			7.411
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		389	$	144,442,264.09		50.31	%	$	371,316.87		650		81.58	%		7.418	%
FL		93		21,587,713.60		7.52			232,125.95		646		82.65			7.806
NY		31		12,147,277.01		4.23			391,847.65		648		85.45			7.779
MD		41		11,999,968.65		4.18			292,682.16		640		84.98			7.608
NJ		37		11,944,997.04		4.16			322,837.76		642		86.25			7.765
AZ		48		11,653,135.19		4.06			242,773.65		649		80.59			7.578
WA		31		7,746,723.89		2.70			249,894.32		631		84.98			7.921
MN		34		6,535,278.50		2.28			192,214.07		642		81.51			7.675
HI		16		6,483,719.97		2.26			405,232.50		660		78.80			7.095
IL		30		6,434,686.58		2.24			214,489.55		638		86.31			8.044
NV		25		5,981,330.50		2.08			239,253.22		631		82.67			7.594
MA		17		5,121,156.68		1.78			301,244.51		651		81.22			8.056
TX		16		3,768,737.16		1.31			235,546.07		641		81.07			8.072
CO		17		3,434,603.63		1.20			202,035.51		646		81.73			7.518
PA		18		3,167,876.91		1.10			175,993.16		623		84.26			7.907
Other		134		24,654,235.06		8.59			183,986.83		634		84.41			7.896
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		1	$	105,925.00		0.04	%	$	105,925.00		710		95.00	%		10.100	%
Primary Residence		949		280,233,336.50		97.61			295,293.29		645		82.49			7.565
Second Home		27		6,764,442.96		2.36			250,534.92		682		84.35			8.532
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
One Family		686	$	201,557,043.08		70.20	%	$	293,814.93		644		82.37	%		7.567	%
Pud-Detached		139		43,819,830.49		15.26			315,250.58		646		82.85			7.703
Condo		86		21,779,403.88		7.59			253,248.88		658		83.35			7.678
2-4 Unit		32		11,751,910.07		4.09			367,247.19		659		81.21			7.304
Pud-Attached		33		7,967,366.94		2.78			241,435.36		641		84.99			7.691
Modular Home		1		228,150.00		0.08			228,150.00		617		74.80			7.990
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Purchase		461	$	128,750,270.08		44.84	%	$	279,284.75		652		81.47	%		7.621	%
Cash Out		389		120,402,138.32		41.94			309,517.07		639		83.47			7.648
Rate/Term		127		37,951,296.06		13.22			298,829.10		646		83.20			7.292
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full Documentation		647	$	180,372,942.53		62.83	%	$	278,783.53		639		82.57	%		7.297	%
Limited Documentation		14		4,148,449.97		1.44			296,317.86		641		81.07			7.281
Stated Documentation		316		102,582,311.96		35.73			324,627.57		659		82.54			8.115
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
551—575		1	$	364,500.00		0.13	%	$	364,500.00		570		90.00	%		7.725	%
576—600		78		20,526,630.84		7.15			263,161.93		592		84.69			7.888
601—625		283		79,069,158.12		27.54			279,396.32		613		82.52			7.768
626—650		271		76,508,839.51		26.65			282,320.44		638		82.74			7.648
651—675		170		55,275,649.86		19.25			325,150.88		661		81.25			7.462
676—700		89		26,969,732.45		9.39			303,030.70		688		82.74			7.445
701—725		47		14,824,289.71		5.16			315,410.42		712		83.86			7.011
726—750		26		9,121,414.02		3.18			350,823.62		737		83.10			7.289
751—775		8		2,822,289.95		0.98			352,786.24		759		80.46			7.470
776—800		3		1,430,000.00		0.50			476,666.67		784		73.50			5.878
801—825		1		191,200.00		0.07			191,200.00		804		80.00			8.225
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		222	$	71,677,450.06		24.97	%	$	322,871.40		647		84.31	%		8.207	%
12		68		22,059,545.72		7.68			324,405.08		641		83.68			7.898
24		517		142,846,855.16		49.75			276,299.53		644		81.52			7.381
36		170		50,519,853.52		17.60			297,175.61		651		82.40			7.165
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		27	$	5,855,533.83		2.04	%	$	216,871.62		646		82.07	%		7.897	%
1.000		3		473,069.99		0.16			157,690.00		631		86.18			8.256
2.000		947		280,775,100.64		97.80			296,489.02		646		82.54			7.581
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		27	$	5,855,533.83		2.04	%	$	216,871.62		646		82.07	%		7.897	%
1.000		3		473,069.99		0.16			157,690.00		631		86.18			8.256
1.500		947		280,775,100.64		97.80			296,489.02		646		82.54			7.581
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		27	$	5,855,533.83		2.04	%	$	216,871.62		646		82.07	%		7.897	%
5.001—6.000		277		82,131,361.13		28.61			296,503.11		656		82.37			7.244
6.001—7.000		672		198,671,809.50		69.20			295,642.57		642		82.65			7.722
7.001—8.000		1		445,000.00		0.15			445,000.00		628		67.63			7.750
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		27	$	5,855,533.83		2.04	%	$	216,871.62		646		82.07	%		7.897	%
12.001—13.000		36		12,348,829.33		4.30			343,023.04		667		79.45			5.848
13.001—14.000		235		76,632,793.13		26.69			326,096.99		654		79.76			6.664
14.001—15.000		405		110,103,689.70		38.35			271,860.96		643		82.15			7.542
15.001—16.000		205		62,763,635.52		21.86			306,164.08		642		84.73			8.483
16.001—17.000		56		16,371,072.98		5.70			292,340.59		627		90.20			9.459
17.001—18.000		12		2,743,149.97		0.96			228,595.83		633		93.45			10.493
18.001—19.000		1		285,000.00		0.10			285,000.00		595		95.00			11.100
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5
*Asset Backed Pass-Through Certificates*	*November 22, 2006*

The Mortgage Loans (Interest Only Collateral)

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		27	$	5,855,533.83		2.04	%	$	216,871.62		646		82.07	%		7.897	%
5.001—6.000		16		5,474,099.94		1.91			342,131.25		668		79.48			5.806
6.001—7.000		255		83,507,522.52		29.09			327,480.48		655		79.73			6.600
7.001—8.000		402		109,630,619.71		38.19			272,712.98		643		82.13			7.539
8.001—9.000		208		63,236,705.51		22.03			304,022.62		641		84.74			8.482
9.001—10.000		56		16,371,072.98		5.70			292,340.59		627		90.20			9.459
10.001—11.000		12		2,743,149.97		0.96			228,595.83		633		93.45			10.493
11.001—12.000		1		285,000.00		0.10			285,000.00		595		95.00			11.100
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Initial Rate Adjustment Date

Initial Interest Rate Adjustment Date	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		27	$	5,855,533.83		2.04	%	$	216,871.62		646		82.07	%		7.897	%
7/1/2008		1		169,520.31		0.06			169,520.31		642		80.00			7.900
8/1/2008		7		2,002,990.82		0.70			286,141.55		620		85.05			8.343
9/1/2008		16		4,784,439.62		1.67			299,027.48		627		84.80			8.068
10/1/2008		270		76,893,615.09		26.78			284,791.17		646		81.50			7.638
11/1/2008		385		112,365,910.50		39.14			291,859.51		644		82.65			7.596
12/1/2008		5		1,085,900.00		0.38			217,180.00		654		81.83			7.468
7/1/2009		2		480,349.99		0.17			240,175.00		615		87.12			8.364
8/1/2009		7		2,642,564.82		0.92			377,509.26		639		77.77			8.727
9/1/2009		33		12,881,144.06		4.49			390,337.70		649		87.56			7.747
10/1/2009		15		4,383,836.31		1.53			292,255.75		633		84.66			7.549
11/1/2009		202		61,291,993.52		21.35			303,425.71		652		82.23			7.327
12/1/2009		7		2,265,905.59		0.79			323,700.80		628		87.15			7.909
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
First Lien		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%
Total:		977	$	287,103,704.46		100.00	%	$	293,862.54		646		82.54	%		7.589	%

Carrington Mortgage Loan Trust, Series 2006-NC5 Inactive FWPFree writing prospectus