SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
UNITED STATES
FORM 10-K
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
(State or Other
Jurisdiction
(Telephone number,
including area code)
HarborView Mortgage Loan Trust 2006-1
Delaware
(I.R.S. Employer Identification No.)
06-1199884
(Commission file number of Issuing Entity)
(Address of Principal Executive Offices)
Greenwich, CT
600 Steamboat Road
(Zip Code)
06830
Securities registered pursuant to Section 12(b) 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.
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.
or
For the transition period from _____________ to _____________
(Exact name of Issuing Entity)
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if
the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Act.
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K ( 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.
Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.
Indicate by check mark whether
the registrant is a shell company (as defined in Rule 12b-2 of the Act).
[ Yes]
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.
[X No]
[ Yes] [X No]
[X Yes] [ N o ]
[X]
[ Yes] [X No]
Large accelerated filer [ ]
Accelerated filer [ ]
Non-accelerated filer [X]
(Exact Name of Registrant as Specified in its Charter)
(Exact Name of Sponsor as Specified in its Charter)
Greenwich Capital Acceptance, Inc. (Depositor)
Greenwich Capital Financial Products, Inc.
Certain information is incorporated by reference below under Substitute Information Provided in
Accordance with General Instruction J(2) to Form 10-K.
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
Not Applicable.
PART I
Item 1. Business.
Item 1A. Risk Factors.
Item 1B. Unresolved Staff Comments.
Item 2. Properties.
Item 3. Legal Proceedings.
Item 4. Submission of Matters to a Vote of Security Holders.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Item 6. Selected Financial Data.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Item 8. Financial Statements and Supplementary Data.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
Item 9A. Controls and Procedures.
Item 9B. Other Information.
PART II
None.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Item 9A(T). Controls and Procedures.
Not Applicable.
Item 11. Executive Compensation.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Item 13. Certain Relationships and Related Transactions.
PART III
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Item 14. Principal Accounting Fees and Services.
Not Applicable.
a) Exhibits
Item 15. Exhibits, Financial Statement Schedules.
PART IV
4)
31) Rule 13a-14(d)/15d-14(d) Certifications.
33) Reports on assessment of compliance with servicing criteria for asset-backed securities.
34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.
35) Servicer compliance statement.
Pooling and Servicing Agreement dated as of
January 1, 2006 among Greenwich Capital Acceptance, Inc. as
Depositor, Greenwich Capital Financial Products, Inc., as Seller, Countrywide Home Loans Servicing LP, as Servicer,
The Bank of New York, as Custodian, and U.S. Bank National Association, as Trustee (incorporated herein by
reference exhibit 4.1 of the Current Report on Form 8-K of
the registrant, as filed with the Commission on
February 7,
2006).
99.1)
23) Consent of PricewaterhouseCoopers, Independent Registered Accounting Firm of Financial Security Assurance Inc..
a) Countrywide Home Loans Servicing LP, as Servicer
b) The Bank of New York, as Custodian
c) U.S. Bank National Association, as Trustee
a) Countrywide Home Loans Servicing LP, as Servicer
b) The Bank of New York, as Custodian
c) U.S. Bank National Association, as Trustee
a) Countrywide Home Loans Servicing LP, as Servicer
SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J(2) TO FORM 10-K.
Item 1112(b) of Regulation AB.
None.
Item 1114(b)(2) of Regulation AB.
Item 1117 of Regulation AB.
Item 1119 of Regulation AB.
None.
Item 1122 of Regulation AB.
Servicer Compliance Statement.
Significant Obligors of Pool Assets (Financial Information).
Credit Enhancement and Other Support, Except for Certain Derivatives
Instruments (Information Regarding Significant Enhancement Providers
Financial Information).
Legal Proceedings.
Affiliations and Certain Relationships and Related Transactions.
Compliance with Applicable Servicing Criteria
Item 1123 of Regulation AB.
The consolidated balance sheets as of
December 31, 2006 and
2005, and the related consolidated statements of
operations and comprehensive income, shareholders' equity, and cash flows for each of the three years in the period
ended
December 31, 2006, all of Financial Security Assurance Inc. and
subsidiaries, are incorporated herein by
reference from Exhibit 99.1 of the Annual Report on Form 10-K of Financial Security Assurance Holdings Ltd. for the
None.
Reports on assessment of compliance with the servicing criteria for asset-backed securities are attached hereto under
Item
15.
Although each servicing criterion required by Item 1122(d) of Regulation AB is addressed in one or more of the
Assessments of Compliance with Servicing Criteria and related Attestation Reports included with this report, the
Servicer's, Countrywide Home Loans Servicing LP, Assessment of Compliance and related Attestation Report did not
address each of the servicing criteria that the Servicer was required to address under the terms of the related Servicing
Agreement. The Servicer has not identified such failure to provide an Assessment and Attestation for these items as a
material failure to fulfill its obligations under the related servicing agreement in the Servicer's Compliance Statement
provided under Item 1123 of Regulation AB, because the Servicer asserts that those items are not applicable to the
Servicer.
Servicer compliance statements are attached hereto under Item 15.
EXHIBIT DESCRIPTION
Exhibit 31 Rule 13a-14(d)/15d-14(d) Certifications.
Exhibit 33 Reports on assessment of compliance with servicing criteria for asset-backed securities.
Exhibit 34 Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.
Copy of the consolidated balance sheets as of
December 31, 2006 and
2005, and the related consolidated
statements of operations and comprehensive income, shareholders' equity, and cash flows for each of the three
Exhibit 99.1
4)
Exhibit 23 Consent of PricewaterhouseCoopers, Independent Registered Accounting Firm of Financial Security Assurance
Inc..
Exhibit 4)
Pooling and Servicing Agreement dated as of
January 1, 2006 among Greenwich Capital Acceptance, Inc.
as Depositor, Greenwich Capital Financial Products, Inc., as Seller, Countrywide Home Loans Servicing LP,
as Servicer, The Bank of New York, as Custodian, and U.S. Bank National Association, as Trustee
(
incorporated herein by reference exhibit 4.1 of the Current Report on Form 8-K of
the registrant, as filed with
the Commission on
February 7, 2006).
a) Countrywide Home Loans Servicing LP, as Servicer
b) The Bank of New York, as Custodian
c) U.S. Bank National Association, as Trustee
a) Countrywide Home Loans Servicing LP, as Servicer
b) The Bank of New York, as Custodian
c) U.S. Bank National Association, as Trustee
a) Countrywide Home Loans Servicing LP, as Servicer
