UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K

(Mark one)

/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2007

/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ____________ to ____________

Commission file number: 333-139507-02

Carrington Mortgage Loan Trust, Series 2007-HE1
(exact name of issuing entity as specified in its charter)

Stanwich Asset Acceptance Company, L.L.C.
(exact name of the depositor as specified in its charter)

Carrington Securities, LP
(exact name of the sponsor as specified in its charter)

New York 54-2200302
(State or other jurisdiction of 54-2200303
incorporation or organization) (I.R.S. Employer
Identification No.)

c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive (Zip Code)
offices)

Telephone number, including area code: (410) 884-2000

Securities registered pursuant to Section 12(b) of the Act:

NONE.

Securities registered pursuant to Section 12(g) of the Act:

NONE.

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.

Yes ___ No X

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act.

Yes ___ No X

Note - Checking the box above will not relieve any registrant required to
file reports pursuant to Section 13 or 15(d) of the Exchange Act from their
obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

Yes X No ___

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (Section 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge, in
definitive proxy or information statements incorporated by reference in Part
III of this Form 10-K or any amendment to this Form 10-K.

Not applicable.

Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of "large accelerated filer", "accelerated
filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ___
Accelerated filer ___
Non-accelerated filer X (Do not check if a smaller reporting company)
Smaller reporting company ___

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Act).

Yes ___ No X

State the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the
common equity was last sold, or the average bid and asked price of such
common equity, as of the last business day of the registrant's most recently
completed second fiscal quarter.

Not applicable.

Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a
plan confirmed by a court.

Not applicable.

Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.

Not applicable.

DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the
Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document
is incorporated: (1)Any annual report to security holders; (2) Any proxy or
information statement; and (3)Any prospectus filed pursuant to Rule 424(b)
or (c) under the Securities Act of 1933. The listed documents should be
clearly described for identification purposes (e.g., annual report to
security holders for fiscal year ended December 24, 1980).

Not applicable.

PART I

Item 1. Business.

Omitted in accordance with General Instruction J to Form 10-K.

Item 1A. Risk Factors.

Omitted in accordance with General Instruction J to Form 10-K.

Item 1B. Unresolved Staff Comments.

None.

Item 2. Properties.

Omitted in accordance with General Instruction J to Form 10-K.

Item 3. Legal Proceedings.

Omitted in accordance with General Instruction J to Form 10-K.

Item 4. Submission of Matters to a Vote of Security Holders.

Omitted in accordance with General Instruction J to Form 10-K.

PART II

Item 5. Market for Registrant's Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities.

Omitted in accordance with General Instruction J to Form 10-K.

Item 6. Selected Financial Data.

Omitted in accordance with General Instruction J to Form 10-K.

Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operation.

Omitted in accordance with General Instruction J to Form 10-K.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

Omitted in accordance with General Instruction J to Form 10-K.

Item 8. Financial Statements and Supplementary Data.

Omitted in accordance with General Instruction J to Form 10-K.

Item 9. Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure.

Omitted in accordance with General Instruction J to Form 10-K.

Item 9A. Controls and Procedures.

Omitted in accordance with General Instruction J to Form 10-K.

Item 9A(T). Controls and Procedures.

Not applicable.

Item 9B. Other Information.

None.

PART III

Item 10. Directors, Executive Officers and Corporate Governance.

Omitted in accordance with General Instruction J to Form 10-K.

Item 11. Executive Compensation.

Omitted in accordance with General Instruction J to Form 10-K.

Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters.

Omitted in accordance with General Instruction J to Form 10-K.

Item 13. Certain Relationships and Related Transactions, and Director
Independence.

Omitted in accordance with General Instruction J to Form 10-K.

Item 14. Principal Accounting Fees and Services.

Omitted in accordance with General Instruction J to Form 10-K.

ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB

Item 1112(b) of Regulation AB, Significant Obligor of Pool Assets (Financial
Information).

No single obligor represents 10% or more of the pool assets held by the issuing
entity.

Item 1114(b)(2) of Regulation AB, Credit Enhancement and Other Support, Except
for Certain Derivatives Instruments (Financial Information).

No entity or group of affiliated entities provides any external credit
enhancement or other support for the certificates within this transaction as
described under Item 1114 (a) of Regulation AB.

Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial
Information).

Based on the standard set forth in Item 1115(b) of Regulation AB, no
information is required in response to this Item.

Item 1117 of Regulation AB, Legal Proceedings.

The Registrant knows of no material pending proceedings against the Sponsor,
the Depositor, the Issuing Entity, Wells Fargo Bank, N.A., as Master Servicer
and Securities Administrator, HSBC Bank USA, National Association, as Trustee,
Carrington Mortgage Services, LLC, as Servicer, or of which any property of the
foregoing is the subject.

Legal Proceedings Relating to EMC Mortgage Corporation

FTC Investigation

EMC Mortgage Corporation (EMC) has received a civil investigative demand (CID),
from the Federal Trade Commission (FTC), seeking documents and data relating to
the EMC's business and servicing practices. The CID was issued pursuant to a
December 8, 2005 resolution of the FTC authorizing non-public investigations of
various unnamed subprime lenders, loan servicers and loan brokers to determine
whether there have been violations of certain consumer protections laws. EMC is
cooperating with the FTC's inquiry.

On March 10, 2008, EMC received notice from the Staff of the FTC that the Staff
believed EMC and its parent, The Bear Stearns Companies, Inc. had violated a
number of Federal consumer protection statutes in connection with its servicing
activities. With the notice, the Staff delivered a draft complaint and draft
consent order seeking certain injunctive relief regarding business practices
and unspecified monetary redress. The Staff also indicated that it had been
authorized to offer an opportunity to resolve the matter though consent
negotiations before it seeks approval from the FTC to proceed with the filing
of a complaint. EMC expects to engage in such discussions with the Staff.

RODRIGUEZ v. EMC Mortgage Corporation and The Bear Stearns Companies

This purported class action is pending in U.S. District Court for the District
of Connecticut. The case was filed in December 2007. It seeks certification of
a class made up of African-American and Hispanic borrowers who had a non-prime
loan serviced by EMC Mortgage Corporation (EMC) and who were subjected to
allegedly improper servicing practices, including imposition of unwarranted
fees, pyramiding of late fees, unjustified forced-placing of insurance, failure
to properly apply payments, improper reporting of derogatory credit
information, and failure to properly administer escrow accounts. EMC and The
Bear Stearns Companies have filed motions to dismiss and to strike.

Legal Proceedings Relating to Bear Stearns Residential Mortgage Corporation

NAACP V. Ameriquest

This purported class action is pending in the U. S. District Court for the
Central District of California. A second amended complaint was filed on March
7, 2008. The complaint names 18 lenders as defendants, including Bear Stearns
Residential Mortgage Corporation d/b/a Encore Credit. It alleges that each
defendant engages in disparate treatment of African-Americans and has adopted
facially neutral policies that have a disparate and discriminatory impact on
African-Americans. For each lender, the plaintiff seeks certification of a
sub-class made up of African-Americans (a) who received subprime loans even
though they qualified for loans on more favorable terms, or (b) whose variable
rate loans were approved based on a low initial "teaser" interest rate but who
would not have qualified for the loan based on the anticipated adjusted
interest rate during the first four years of the loan. The claims are brought
under the Fair Housing Act, the Equal Credit Opportunity Act, and the Civil
Rights Act. BSRMC d/b/a Encore Credit anticipates filing a motion to dismiss
the complaint.

Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related
Transactions.

Omitted in accordance with Instruction to Item 1119 of Regulation AB.

Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.

Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator,
LaSalle Bank National Association, as Custodian, EMC Mortgage Corporation, as
interim servicer, Carrington Mortgage Services, LLC, as Servicer, American
Security Insurance Company, Standard Guaranty Insurance Company and TrackSure
Insurance Agency, Inc. (formerly known as, "Safeco Financial Institution
Solutions, Inc.") (collectively, "Assurant"), as sub-contractor for Carrington
Mortgage Services, LLC and EMC Mortgage Corporation, FIS Tax Services and
formerly known as LSI Tax Services ("FIS"), as sub-contractor for Carrington
Mortgage Services, LLC and EMC Mortgage Corporation and LandAmerica Tax and
Flood Services, Inc. as sub-contractor for EMC Mortgage Corporation
(collectively, the "Servicing Parties") have each been identified by the
registrant as parties participating in the servicing function with respect to
the pool assets held by the Issuing Entity. Each of the Servicing Parties has
completed a report on an assessment of compliance with the servicing criteria
applicable to it (each, a "Report on Assessment"), which Reports on Assessment
are attached as exhibits to this Form 10-K.

In addition, each of the Servicing Parties has provided an attestation report
(an "Attestation Report") by one or more registered public accounting firms,
which reports are also attached as exhibits to this Form 10-K.

Assurant has assessed its compliance with the applicable servicing criteria for
the Reporting Period and has identified a material instance of noncompliance
with the servicing criteria. Specifically, Assurant did not have, during
the Reporting Period, sufficient policies and procedures to capture the
information with respect to the Platform Transactions necessary to determine
compliance with 1122(d)(4)(xii).

Material Instances of Noncompliance by LaSalle

1122(d)(3)(i)(A) and (B) - During the Reporting Period, certain monthly
investor or remittance reports were not prepared in accordance with the terms
set forth in the transaction documents and certain investor reports did not
provide the information calculated in accordance with the terms specified in
the transaction agreements for which certain individual errors may or may not
have been material.

Item 1123 of Regulation AB, Servicer Compliance Statement.

Carrington Mortgage Services, LLC, as Servicer, EMC Mortgage Corporation, as
interim servicer and Wells Fargo Bank, N.A., as Master Servicer and Securities
Administrator, have been identified by the registrant as the servicers with
respect to the asset pool held by the Issuing Entity. Each such party has
completed a statement of compliance with applicable servicing criteria (a
"Compliance Statement") attached as exhibits to this Form 10-K.

Part IV

Item 15. Exhibits, Financial Statement Schedules.

(a) Not applicable.

(b) Exhibits

The exhibits listed below are either included or incorporated by reference
as indicated.

Exhibit 3.1 Certificate of Formation of the Registrant (incorporated by
reference to Exhibit 3.1 of Registration Statement No. 333-124562)

Exhibit 3.2 Limited Liability Company Agreement of the Registrant
(incorporated by reference to Exhibit 3.2 of Registration Statement No.
333-124562)

Exhibit 10.1 Pooling and Servicing Agreement and exhibits thereto, dated as
of June 1, 2007, among the Registrant, Wells Fargo Bank, N.A., as Master
Servicer and Securities Administrator, EMC Mortgage Corporation, as Interim
Servicer, Carrington Mortgage Services LLC, as Servicer and HSBC Bank USA,
National Association, as Trustee (incorporated by reference to Exhibit 10.1
to Form 8-K filed by the Registrant with the Commission on July 27, 2007)

Exhibit 10.2 Mortgage Loan Purchase Agreement, dated as of July 12, 2007,
among the Registrant, EMC Mortgage Corporation and Carrington Securities, LP
(incorporated by reference to Exhibit 10.2 to Form 8-K filed by the
Registrant with the Commission on July 27, 2007)

Exhibit 10.3 Confirmation to an ISDA Master Agreement, dated July 12, 2007,
between Swiss Re Financial Products Corporation and Wells Fargo Bank, N.A.
(incorporated by reference to Exhibit 10.3 to Form 8-K filed by the
Registrant with the Commission on July 27, 2007, and as subsequently amended
by Exhibit 10.4 to Form 8-K/A filed by the Registrant with the Commission on
September 28, 2007)

Exhibit 10.4 Schedule to an ISDA Master Agreement, dated July 12, 2007,
between Swiss Re Financial Products Corporation and Wells Fargo Bank, N.A.
(incorporated by reference to Exhibit 10.4 to Form 8-K filed by the
Registrant with the Commission on July 27, 2007)

(31) Rule 13a-14(d)/15d-14(d) Certification.

(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.

<s> <c>

33.1 Assurant as Sub-Contractor for Carrington Mortgage Services, LLC and EMC Mortgage
33.2 Carrington Mortgage Services, LLC as Servicer
33.3 EMC Mortgage Corporation as Interim Servicer
33.4 FIS Tax Services f/k/a LSI Tax Services as Sub-Contractor for Carrington Mortgage
Services, LLC and EMC Mortgage
33.5 LandAmerica Tax and Flood Services, Inc. as Sub-Contractor for EMC Mortgage
33.6 LaSalle Bank, National Association as Custodian
33.7 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

(34) Attestation reports on assessment of compliance with servicing criteria
for asset-backed securities.

<s> <c>

34.1 Assurant as Sub-Contractor for Carrington Mortgage Services, LLC and EMC Mortgage
34.2 Carrington Mortgage Services, LLC as Servicer
34.3 EMC Mortgage Corporation as Interim Servicer
34.4 FIS Tax Services f/k/a LSI Tax Services as Sub-Contractor for Carrington Mortgage
Services, LLC and EMC Mortgage
34.5 LandAmerica Tax and Flood Services, Inc. as Sub-Contractor for EMC Mortgage
34.6 LaSalle Bank, National Association as Custodian
34.7 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

(35) Servicer compliance statement.

<s> <c>

35.1 Carrington Mortgage Services, LLC as Servicer
35.2 EMC Mortgage Corporation as Interim Servicer
35.3 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

Stanwich Asset Acceptance Company, L.L.C.
(Depositor)

/s/ Bruce M. Rose
Bruce M. Rose, President
(senior officer in charge of securitization of the depositor)

Date: March 28, 2008

Exhibit Index

Exhibit No.

Exhibit 3.1 Certificate of Formation of the Registrant (incorporated by
reference to Exhibit 3.1 of Registration Statement No. 333-124562)

Exhibit 3.2 Limited Liability Company Agreement of the Registrant
(incorporated by reference to Exhibit 3.2 of Registration Statement No.
333-124562)

Exhibit 10.2 Mortgage Loan Purchase Agreement, dated as of July 12, 2007,
among the Registrant, EMC Mortgage Corporation and Carrington Securities,
LP (incorporated by reference to Exhibit 10.2 to Form 8-K filed by the
Registrant with the Commission on July 27, 2007)

Exhibit 10.3 Confirmation to an ISDA Master Agreement, dated July 12, 2007,
between Swiss Re Financial Products Corporation and Wells Fargo Bank, N.A.
(incorporated by reference to Exhibit 10.3 to Form 8-K filed by the
Registrant with the Commission on July 27, 2007, and as subsequently
amended by Exhibit 10.4 to Form 8-K/A filed by the Registrant with the
Commission on September 28, 2007)

(31) Rule 13a-14(d)/15d-14(d) Certification.

(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.

<s> <c>
33.1 Assurant as Sub-Contractor for Carrington Mortgage Services, LLC and EMC Mortgage
33.2 Carrington Mortgage Services, LLC as Servicer
33.3 EMC Mortgage Corporation as Interim Servicer
33.4 FIS Tax Services f/k/a LSI Tax Services as Sub-Contractor for Carrington Mortgage
Services, LLC and EMC Mortgage
33.5 LandAmerica Tax and Flood Services, Inc. as Sub-Contractor for EMC Mortgage
33.6 LaSalle Bank, National Association as Custodian
33.7 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

(34) Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities.

<s> <c>
34.1 Assurant as Sub-Contractor for Carrington Mortgage Services, LLC and EMC Mortgage
34.2 Carrington Mortgage Services, LLC as Servicer
34.3 EMC Mortgage Corporation as Interim Servicer
34.4 FIS Tax Services f/k/a LSI Tax Services as Sub-Contractor for Carrington Mortgage
Services, LLC and EMC Mortgage
34.5 LandAmerica Tax and Flood Services, Inc. as Sub-Contractor for EMC Mortgage
34.6 LaSalle Bank, National Association as Custodian
34.7 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

(35) Servicer compliance statement.

<s> <c>
35.1 Carrington Mortgage Services, LLC as Servicer
35.2 EMC Mortgage Corporation as Interim Servicer
35.3 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator