Current Report — Form 8-K Filing Table of Contents
Document/ExhibitDescriptionPagesSize 1: 8-K Argent Securities Inc. HTML 28K
2: EX-99.1 Subsequent Transfer Instrument HTML 28K
3: EX-99.2 Characteristics of the Intitial Mortgage Loans HTML 1.63M
Registrant's
telephone number, including area code: (714) 564-0660
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Section
2 - Financial Information
Item
2.01 - Completion of Acquisition or Disposition of Assets
On
June28, 2006, a single series of certificates, entitled Argent Securities Inc.,
Asset-Backed Pass-Through Certificates, Series 2006-M1 (the “Certificates”), was
issued pursuant to a pooling and servicing agreement, dated as of June 1, 2006
(the “Agreement”), among Argent Securities Inc. as depositor (the “Depositor”),
Ameriquest Mortgage Company as master servicer (the “Master Servicer”) and
Deutsche Bank National Trust Company as trustee (the “Trustee”).
Upon
the
closing of the issuance of the Certificates, (i) Argent Securities Inc.
purchased from Ameriquest Mortgage Company certain Initial Mortgage Loans with
an aggregate principal balance equal to $2,461,758,045.01 and transferred such
mortgage loans to the Trustee, and (ii) the Trustee deposited funds in the
Pre-Funding Accounts, which were established pursuant to the Agreement, in
an
amount equal to $538,243,042.00.
On
June29, 2006, following the closing of the initial issuance of the Certificates,
the
Trustee purchased from the Depositor certain Subsequent Mortgage Loans, as
defined in the Agreement, with an aggregate principal balance equal to
$538,240,881.65 with funds on deposit in the pre-funding accounts (the
“Pre-Funding Accounts”) established pursuant to the Agreement at a purchase
price equal to the principal balance thereof, which Subsequent Mortgage Loans
were conveyed to the Trustee pursuant to a Subsequent Transfer Instrument,
dated
June 29, 2006, between the Depositor and the Trustee (the “Instrument”).
Attached to the Instrument is the Mortgage Loan Schedule listing the Subsequent
Mortgage Loans that are the subject of such Instrument.
Capitalized
terms not otherwise defined herein shall have the meanings assigned to such
terms in the Agreement.
Section
8 - Other Events
Item
8.01 Other Events.
Description
of the Certificates and the Mortgage Pool
The
Certificates designated as the Series 2006-M1 Certificates represent in the
aggregate the entire beneficial ownership interest in a trust fund (the “Trust
Fund”) consisting primarily of a pool (the “Mortgage Pool”) of conventional,
one- to four-family, first and second lien, adjustable-rate and fixed-rate
mortgage loans having original terms to maturity up to 30 years (the “Mortgage
Loans”). As of the Subsequent Transfer Date, the Trust Fund primarily consisted
of (i) the Mortgage Pool, which consisted of Mortgage Loans having an aggregate
principal balance of $2,999,998,926.66
and (ii)
the Pre-Funding Accounts, which contained $2,160.35.
The
tables attached as an exhibit hereto describe certain characteristics of the
Initial Mortgage Loans as of June 1, 2006 and the Subsequent Mortgage Loans
as
of June 1, 2006.
Section
9
- Financial Statements and Exhibits
Item
9.01
Financial Statements and Exhibits.
1.
Not
applicable
2.
Not
applicable
3.
Exhibits
Exhibit
No.
Item
601(a) of
Regulation
S K
Exhibit
No
Description
1
99
Subsequent
Transfer Instrument, dated as of June 29, 2006, between Argent Securities
Inc. as seller and Deutsche Bank National Trust Company as
trustee.
2
99
Characteristics
of the Initial Mortgage Loans as of June 1, 2006 and the Subsequent
Mortgage Loans as of June 1, 2006, relating to Argent Securities
Inc.,
Asset-Backed Pass-Through Certificates, Series
2006-M1.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
Characteristics
of the Initial Mortgage Loans as of June 1, 2006 and the Subsequent
Mortgage Loans as of June 1, 2006, relating to Argent Securities
Inc.,
Asset-Backed Pass-Through Certificates, Series 2006-M1
Dates Referenced Herein and Documents Incorporated by Reference
