New Century - JPMorgan Acquisition JPMAC2006-NC1 March 2008 Statement

Page 1 of 12
J.P. Morgan Mortgage Acquisition Trust, Series 2006-NC1

February 25, 2008
Table of Contents
Distribution Report 2
Factor Report 3
Collection Account Principal Funds 4
Collection Account Interest Funds 4
Total Available Funds 4
Prepayment Penalties 4
Delinquent Mortgage Loans 5
Delinquency Trend Group 5
Bankruptcies 6
Foreclosures 6
REO Properties 6
Realized Loss Group Report 7
Certificate Interest Carryover 9
Basis Risk Certificate Interest Carryover 11
Non Supported Interest Shortfall 11
Deferred Certificate Amounts 12
PASS THROUGH RATE 12
INVESTOR SUPPLEMENT REPORT 12
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
Erica Walsh
Bank of New York - Structured Finance
101 Barclay, 4th floor West
New York, New York 10007
Tel: (212) 815-8123 / Fax: (212) 815-3910
Page 2 of 12
February 25, 2008
DISTRIBUTION IN DOLLARS
CLASS ORIGINAL FACE BEGINNING PRINCIPAL INTEREST TOTAL REALIZED DEFERRED ENDING
VALUE PRINCIPAL LOSSES INTEREST PRINCIPAL
BALANCE BALANCE
A1 345,251,000.00 161,052,675.35 7,776,367.33 491,809.02 8,268,176.35 0.00 0.00 153,276,308.02
A2 192,137,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 71,443,000.00 67,740,240.21 5,912,413.55 203,942.81 6,116,356.36 0.00 0.00 61,827,826.66
A4 79,871,000.00 79,871,000.00 0.00 243,903.29 243,903.29 0.00 0.00 79,871,000.00
A5 43,143,000.00 43,143,000.00 0.00 135,461.53 135,461.53 0.00 0.00 43,143,000.00
M1 42,803,000.00 42,803,000.00 0.00 136,236.90 136,236.90 0.00 0.00 42,803,000.00
M2 30,707,000.00 30,707,000.00 0.00 98,265.60 98,265.60 0.00 0.00 30,707,000.00
M3 17,214,000.00 17,214,000.00 0.00 55,383.06 55,383.06 0.00 0.00 17,214,000.00
M4 13,958,000.00 13,958,000.00 0.00 45,868.99 45,868.99 0.00 0.00 13,958,000.00
M5 13,027,000.00 13,027,000.00 0.00 43,033.88 43,033.88 0.00 0.00 13,027,000.00
M6 13,492,000.00 13,492,000.00 0.00 45,499.43 45,499.43 0.00 0.00 13,492,000.00
M7 13,492,000.00 13,492,000.00 0.00 52,005.57 52,005.57 0.00 0.00 13,492,000.00
M8 10,701,000.00 10,701,000.00 0.00 42,169.00 42,169.00 0.00 0.00 10,701,000.00
M9 7,909,000.00 7,909,000.00 0.00 36,615.10 36,615.10 0.00 0.00 7,909,000.00
M10 6,048,000.00 6,048,000.00 0.00 30,603.51 30,603.51 0.00 0.00 6,048,000.00
M11 9,304,000.00 9,304,000.00 0.00 47,079.21 47,079.21 0.00 0.00 9,304,000.00
P 100.00 100.00 0.00 6,818.63 6,818.63 0.00 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 910,500,100.00 530,462,015.56 13,688,780.88 1,714,695.53 15,403,476.41 0.00 0.00 516,773,234.68
CLASS ORIGINAL FACE BEGINNING PRINCIPAL INTEREST TOTAL REALIZED DEFERRED ENDING
VALUE NOTIONAL LOSSES INTEREST NOTIONAL
BALANCE BALANCE
C 930,509,120.00 542,967,611.25 0.00 0.00 0.00 0.00 0.00 527,220,485.17
Copyright 2007 Bank of New York & Co. All rights reserved.
Prod 2.03
Page 3 of 12
February 25, 2008
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING PRINCIPAL CURRENT

PRINCIPAL PASS-
THRU
RATE
A1 46626LJL5 466.47996776 22.52380827 1.42449702 23.94830529 443.95615949 3.546250%
A2 46626LJM3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.000000%
A3 46626LJN1 948.17183223 82.75707277 2.85462271 85.61169548 865.41475946 3.496250%
A4 46626LJP6 1,000.00000000 0.00000000 3.05371524 3.05371524 1,000.00000000 3.546250%
A5 46626LJQ4 1,000.00000000 0.00000000 3.13982639 3.13982639 1,000.00000000 3.646250%
M1 46626LJR2 1,000.00000000 0.00000000 3.18288204 3.18288204 1,000.00000000 3.696250%
M2 46626LJS0 1,000.00000000 0.00000000 3.20010421 3.20010421 1,000.00000000 3.716250%
M3 46626LJT8 1,000.00000000 0.00000000 3.21732660 3.21732660 1,000.00000000 3.736250%
M4 46626LJU5 1,000.00000000 0.00000000 3.28621507 3.28621507 1,000.00000000 3.816250%
M5 46626LJV3 1,000.00000000 0.00000000 3.30343748 3.30343748 1,000.00000000 3.836250%
M6 46626LJW1 1,000.00000000 0.00000000 3.37232656 3.37232656 1,000.00000000 3.916250%
M7 46626LJX9 1,000.00000000 0.00000000 3.85454862 3.85454862 1,000.00000000 4.476250%
M8 46626LJY7 1,000.00000000 0.00000000 3.94065975 3.94065975 1,000.00000000 4.576250%
M9 46626LJZ4 1,000.00000000 0.00000000 4.62954862 4.62954862 1,000.00000000 5.376250%
M10 46626LKA7 1,000.00000000 0.00000000 5.06010417 5.06010417 1,000.00000000 5.876250%
M11 46626LKB5 1,000.00000000 0.00000000 5.06010426 5.06010426 1,000.00000000 5.876250%
P N/A 1,000.00000000 0.00000000 68,186.30000000 68,186.30000000 1,000.00000000 0.000000%
TOTALS 582.60511510 15.03435407 1.88324585 16.91759991 567.57076104
CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING NOTIONAL CURRENT

NOTIONAL PASS-
THRU
RATE
C N/A 583.51670025 0.00000000 0.00000000 0.00000000 566.59357102 0.000000%
Prod 2.03
Page 4 of 12
February 25, 2008
Dates
Record Date 02/22/08

Determination Date 02/15/08
Distribution Date 02/25/08
Interest Accrual Period:

Start Date January 25, 2008
End Date February 25, 2008
Number of Days in Accrual Period 31
Collection Account Principal Funds

Group 1 Group 2 Total
Scheduled Principal Payments 125,927.46 126,446.56 252,374.02

Principal Prepayments 6,096,087.74 3,016,047.23 9,112,134.97
Curtailments -1,234.72 -20,302.29 -21,537.01
Curtailment Interest Adjustments -119.25 505.51 386.26
Repurchase Principal 0.00 0.00 0.00
Substitution Amounts 0.00 0.00 0.00
Net Liquidation Proceeds 916,378.81 2,284,611.86 3,200,990.67
Other Principal Adjustments 0.00 0.00 0.00
Non Recoverable Principal 405.17 1,471.15 1,876.32
Total Principal Remittance Amount 7,074,993.23 5,379,155.08 12,454,148.31
Collection Account Interest Funds

Scheduled Gross Interest 1,752,714.22 1,970,165.67 3,722,879.89

Servicing Fees 106,216.02 120,020.48 226,236.50
Trustee Fees 849.70 960.16 1,809.86
Custodian Fee 424.86 480.08 904.95
Trust Oversight Manager Fees 3,186.48 3,600.61 6,787.10
Non Recoverable Interest 9,891.27 23,442.85 33,334.12
Retro Soldiers and Sailors Relief 0.00 0.00 0.00
Total Interest Remittance Amount 1,631,468.72 1,819,639.19 3,451,107.91
Total Available Funds

Total Remittance Amount 8,706,461.95 7,198,794.27 15,905,256.22
Prepayment Penalties
Number of Loans with Penalties 1 1 2

Balance of Loans with Penalties 71,282.06 375,233.45 446,515.51
Amount of Prepayment Penalties 3,066.30 3,752.33 6,818.63
Prod 2.03
Page 5 of 12
February 25, 2008
Delinquent Mortgage Loans
Group 1
Category Number Principal Percentage

Balance
1 Month 69 12,438,422.65 5.05%
2 Month 36 7,604,289.61 3.08%
3 Month 5 1,119,337.72 0.45%
Total 110 21,162,049.98 8.58%
Delinquent Mortgage Loans
Group 2
Category Number Principal Percentage

Balance
1 Month 64 15,423,586.97 5.49%
2 Month 47 11,066,286.68 3.94%
3 Month 20 2,853,032.97 1.02%
Total 131 29,342,906.62 10.45%
* Delinquent Bankruptcies and Foreclosures are not included in the table above.
Prod 2.03
Page 6 of 12
February 25, 2008
Bankruptcies
Group Number of Principal Percentage
Number Loans Balance
1 24 4,701,631.62 1.91%
2 25 5,721,988.36 2.04%
Total 49 10,423,619.98 1.98%
Foreclosures
1 196 37,448,630.38 15.19%
2 208 64,710,470.21 23.05%
Total 404 102,159,100.59 19.38%
REO Properties
1 53 11,314,759.81 4.59%
2 55 18,240,721.93 6.50%
Total 108 29,555,481.74 5.61%
Prod 2.03
Page 7 of 12
February 25, 2008
Realized Loss Group Report

Group Current Loss Cumulative Ending Balance Balance of Net Liquidation
Number Loss Liquidated Proceeds
Loans
1 1,247,658.00 7,264,675.66 246,533,750.95 2,164,036.81 916,378.81
2 1,955,119.17 15,642,986.97 280,686,734.44 4,239,731.03 2,284,611.86
TOTAL 3,202,777.17 22,907,662.63 527,220,485.39 6,403,767.84 3,200,990.67
Loss Detail:
Nonrecoverable Advances Resulting From Losses 70,872.09

Group 1 57,474.61
Group 2 13,397.48
Subsequent Losses 18,851.81

Group 1 4,411.44
Group 2 14,440.37
Subsequent Recoveries 1,399.62

Group 1 244.41
Group 2 1,155.21
Current Net Realized Losses 3,291,101.45

Group 1 1,309,299.64
Group 2 1,981,801.81
Cumulative Net Realized Losses 23,169,569.24

Group 1 7,407,332.93
Group 2 15,762,236.31
Current Applied Losses 0.00

Cumulative Applied Losses 0.00
Prod 2.03
Page 8 of 12
February 25, 2008
Trigger Event NO
TEST I - Trigger Event Occurrence (Effective May 2009) YES
(Is Delinquency Percentage > 37.40% of of Senior Enhancement Percetage ?)
Delinquency Percentage 31.25469%
37.40% of of Senior Enhancement Percetage 13.32696%
OR
TEST II - Trigger Event Occurrence (Effective May 2008) NO
(Are Cumulative Realized Losses as % of Original Loan Bal > Required Cumulative Loss % ?)
Cumulative Realized Losses as % of Original Loan Bal 2.48999%
Required Cumulative Loss % 0.00000%
O/C Reporting
Targeted Overcollateralization Amount 20,005,946.10
Ending Overcollateralization Amount 10,447,250.71
Ending Overcollateralization Deficiency 9,558,695.39
Overcollateralization Release Amount 0.00
Monthly Excess Interest 1,234,632.57
Payment to Class C 0.00
Prod 2.03
Page 9 of 12
February 25, 2008
Certificate Interest Carryover

Interest Current Interest Interest Remaining
Carryforward Carryforward Carryforward Interest
Balance Amount Paid Carryforward Amount
Class A1 0.00 0.00 0.00 0.00
Class A2 0.00 0.00 0.00 0.00
Class A3 0.00 0.00 0.00 0.00
Class A4 0.00 0.00 0.00 0.00
Class A5 0.00 0.00 0.00 0.00
Class M1 0.00 0.00 0.00 0.00
Class M2 0.00 0.00 0.00 0.00
Class M3 0.00 0.00 0.00 0.00
Class M4 0.00 0.00 0.00 0.00
Class M5 0.00 0.00 0.00 0.00
Class M6 0.00 0.00 0.00 0.00
Class M7 0.00 0.00 0.00 0.00
Class M8 0.00 0.00 0.00 0.00
Class M9 0.00 0.00 0.00 0.00
Class M10 0.00 0.00 0.00 0.00
Class M11 0.00 0.00 0.00 0.00
Prod 2.03
Page 10 of 12
February 25, 2008
Swap Account:
Net Swap Payment Due 508,598.44
Net Swap Payment Paid 508,598.44
Net Swap Receipt Due 0.00
Beginning Balance 1,000.00

Additions to the Swap Account 508,598.44
Withdrawals from the Swap Account 508,598.44
Ending Balance 1,000.00
Basis Risk Reserve Fund Account:

Beginning Balance 0.00
Additions to the Basis Risk Reserve Fund 0.00
Divident Earnings on the Basis Risk Reserve Fund 0.00
Withdrawals from the Basis Risk Reserve Fund 0.00
Ending Balance 0.00
Prod 2.03
Page 11 of 12
February 25, 2008
Basis Risk Certificate Interest Carryover

Current Certificate Interest Remaining Certificate
Certificate Interest Carryover Interest Carryover
Carryover Amount Amount Paid Amount
Class A1 0.00 0.00 0.00
Class A2 0.00 0.00 0.00
Class A3 0.00 0.00 0.00
Class A4 0.00 0.00 0.00
Class A5 0.00 0.00 0.00
Class M1 0.00 0.00 0.00
Class M2 0.00 0.00 0.00
Class M3 0.00 0.00 0.00
Class M4 0.00 0.00 0.00
Class M5 0.00 0.00 0.00
Class M6 0.00 0.00 0.00
Class M7 0.00 0.00 0.00
Class M8 0.00 0.00 0.00
Class M9 0.00 0.00 3,944.31
Class M10 0.00 0.00 15,421.01
Class M11 0.00 0.00 24,547.61
Non Supported Interest Shortfall

Prepayment Relief Act
Interest Interest
Shortfalls Shortfalls
Class A1 0.00 0.00
Class A2 0.00 0.00
Class A3 0.00 0.00
Class A4 0.00 0.00
Class A5 0.00 0.00
Class M1 0.00 0.00
Class M2 0.00 0.00
Class M3 0.00 0.00
Class M4 0.00 0.00
Class M5 0.00 0.00
Class M6 0.00 0.00
Class M7 0.00 0.00
Class M8 0.00 0.00
Class M9 0.00 0.00
Class M10 0.00 0.00
Class M11 0.00 0.00
Class C 0.00 0.00
Prod 2.03
Page 12 of 12
February 25, 2008
Deferred Certificate Amounts

Previous Current Deferred Remaining
Deferred Deferred Amounts Deferred
Amounts Amounts Paid Amounts
Class M1 0.00 0.00 0.00 0.00
Class M2 0.00 0.00 0.00 0.00
Class M3 0.00 0.00 0.00 0.00
Class M4 0.00 0.00 0.00 0.00
Class M5 0.00 0.00 0.00 0.00
Class M6 0.00 0.00 0.00 0.00
Class M7 0.00 0.00 0.00 0.00
Class M8 0.00 0.00 0.00 0.00
Class M9 0.00 0.00 0.00 0.00
Class M10 0.00 0.00 0.00 0.00
Class M11 0.00 0.00 0.00 0.00
Available Net Funds Cap to Libor Certificates 6.370460
One-Month LIBOR for Such Distribution Date 3.376250
PASS THROUGH RATE

LIBOR Certificates LIBOR Certificates
Uncapped Pass Through Rate Uncapped Pass Through Rate
for Current Distribution Date for Next Distribution Date
Class A1 3.546250 3.305000
Class A2 3.436250 3.195000
Class A3 3.496250 3.255000
Class A4 3.546250 3.305000
Class A5 3.646250 3.405000
Class M1 3.696250 3.455000
Class M2 3.716250 3.475000
Class M3 3.736250 3.495000
Class M4 3.816250 3.575000
Class M5 3.836250 3.595000
Class M6 3.916250 3.675000
Class M7 4.476250 4.235000
Class M8 4.576250 4.335000
Class M9 5.376250 5.135000
Class M10 5.876250 5.635000
Class M11 5.876250 5.635000
Prod 2.03
Deal Code: JPM06NC1
Distribution Date: 02/25/2008
JP MORGAN MORTGAGE ACQUISITION TRUST ASSET-BACKED
Pay Date: 02/25/2008 PASS-THROUGH CERTIFICATES
2006-NC1
Table of Contents
Page Number
Collateral Information Summary 1
Pipeline Snapshot 2
Prepayment Rates / Trends - CPR, SMM, CDR 3
Prepayment Rates / Trends - MDR, WAS, PSA 4
Prepayments and Liquidations - Summary 5
Prepayments and Liquidations - Details 6
Delinquency Summary / Trends - Total 9
General Trends - Total 10
Delinquency Summary - by Groups 11
Delinquency Trends - by Groups 12
Delinquency Summary - by Loan Type 13
Delinquency Trends - by Loan Type 14
Losses - Details 15
Losses - Trends 18
Distribution by Note Rate 19
Distribution by Ending Scheduled Balance 20
Distribution by Loan Type, by Property Type, by Amortization Type 21
Top 10 State Concentration 22
Material Modifications, Extensions, Waivers - Details 23
Material Breaches - Details 24
Deal Code: JPM06NC1
2006-NC1
Collateral Information - Summary
Total Group 1 Group 2
LOAN COUNT:
Beginning Loan Count 2,488 1,381 1,107
Payoff Loan Count 80 48 32
Ending Loan Count 2,408 1,333 1,075
PRINCIPAL BALANCE:
Beginning Loan Balance 542,967,611.47 254,918,448.99 288,049,162.48
Scheduled Principal 252,374.02 125,927.46 126,446.56
Curtailments -21,537.01 -1,234.72 -20,302.29
Curtailment Interest Adjustment 386.26 -119.25 505.51
Prepayment in Full 4,467,741.58 3,699,953.74 767,787.84
Repurchases 0.00 0.00 0.00
Liquidations 6,403,768.03 2,164,036.91 4,239,731.12
Other Prepayments 4,644,393.20 2,396,133.90 2,248,259.30
Ending Loan Balance 527,220,485.39 246,533,750.95 280,686,734.44
CHARACTERISTICS:
Weighted Average Coupon Rate (WAC) 8.2278494 8.2507053 8.2076223
Weighted Average Mortgage Rate (Mtg WAC) 7.7068494 7.7297053 7.6866223
Weighted Average Remaining Term 334 334 335
FEE AMOUNTS:
Servicing Fee Amount 226,236.51 106,216.02 120,020.49
Other Fee Amount 9,501.93 4,461.07 5,040.85
Total Fee Amount 235,738.44 110,677.09 125,061.34
OTHER INFORMATION:
Scheduled Interest (Gross) 3,722,879.89 1,752,714.22 1,970,165.67
Prepayment Penalty Amount 6,818.63 3,066.30 3,752.33
Prepayment Penalty Count 2 1 1
S1
Deal Code: JPM06NC1
2006-NC1
Pipeline Snapshot
Distribution Delinquencies Loan Status Cumulative Losses Other
Payment 1 Payment 2 Payment 3+ Foreclosure REO Bankruptcy Amount Percent Pool Factor CPR CDR
Jan 2007 5.69% 2.13% 7.36% 5.36% 0.99% 0.77% 1,214,087.11 0.17% 75.56986% 30.34343% 0.71267%
Feb 2007 5.60% 1.87% 8.77% 6.56% 1.46% 0.80% 2,106,727.09 0.31% 73.30519% 29.11450% 1.51272%
Mar 2007 5.65% 1.49% 10.10% 7.29% 1.72% 1.03% 2,704,476.12 0.41% 71.08203% 29.76828% 1.04653%
Apr 2007 5.60% 1.46% 10.98% 7.59% 2.20% 1.20% 3,380,144.89 0.52% 69.85619% 17.37318% 1.21898%
May 2007 6.06% 2.16% 12.16% 7.84% 3.03% 1.26% 3,998,265.79 0.63% 68.37831% 21.29806% 1.13517%
Jun 2007 6.15% 2.09% 13.57% 8.74% 3.73% 1.14% 5,766,080.67 0.93% 66.75685% 21.99523% 3.28362%
Jul 2007 5.92% 2.18% 15.13% 9.74% 4.21% 1.12% 7,046,967.35 1.16% 65.37689% 19.73900% 2.44656%
Aug 2007 6.69% 2.24% 16.73% 10.37% 5.01% 1.29% 8,225,618.02 1.38% 64.08177% 19.01012% 2.30038%
Sep 2007 5.96% 2.52% 18.28% 11.91% 4.92% 1.25% 10,376,361.37 1.77% 62.86328% 16.53222% 4.24343%
Oct 2007 4.84% 3.35% 20.20% 13.79% 4.78% 1.57% 12,327,259.21 2.14% 61.77500% 15.06201% 3.92959%
Nov 2007 4.00% 2.45% 21.95% 14.90% 4.95% 1.75% 14,986,712.71 2.66% 60.53917% 16.49549% 5.41276%
Dec 2007 5.83% 2.51% 23.50% 16.66% 5.00% 1.68% 16,941,396.96 3.06% 59.41344% 16.23143% 4.08535%
Jan 2008 6.17% 3.08% 25.13% 17.99% 5.21% 1.87% 19,704,885.46 3.63% 58.35167% 13.90114% 5.83618%
Feb 2008 5.33% 3.70% 27.07% 19.38% 5.61% 1.98% 22,907,662.63 4.34% 56.65936% 24.03622% 6.85320%
Percentages of Ending Scheduled Balance
Calculation Methodology:
MDR - Monthly Default Rate Current Gross Losses / Beginning Scheduled Balance
CDR - Conditional Default Rate 1 - ((1 - MDR) ^ 12)
SMM - Single Month Mortality Rate (All Prepayments + Repurchases - Gross Losses) / (Beginning Scheduled Balance - Scheduled Principal)
CPR - Conditional Prepayment Rate 1 - ((1 - SMM) ^ 12)
WAS - Weighted Average Seasoning sum((Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance))
PSA - PSA Standard Prepayment Model 100 * CPR / (0.2 * min(30, WAS))
S2
Deal Code: JPM06NC1
2006-NC1
Prepayments - Rates
Conditional Prepayment Rate (CPR) TREND
Conditional Prepayment Value
35.00%
Rate (CPR)
30.00%
Currrent Period 24.03622%
3-Month Average 18.05626% 25.00%
6-Month Average 17.04308% 20.00%

12-Month Average 19.28686%
15 . 0 0 %
Average Since Cut-off 23.25040%
10 . 0 0 %
5.00%
0.00%
Jan '07 Feb '07 Mar '07 Apr '07 May '07 Jun '07 Jul '07 Aug '07 Sep '07 Oct ' 0 7 Nov '07 Dec '07 Jan '08 Feb '08
Single Month Mortality Value Single Month Mortality (SMM) TREND

(SMM) 3.50%
Currrent Period 2.26490% 3.00%
3-Month Average 1.65651% 2.50%

2.00%
1. 5 0 %
Average Since Cut-off 2.22733%
1. 0 0 %
0.50%
0.00%
Constant Default Rate Value Constant Default Rate (CDR) TREND

(CDR) 0.70%

0.40%
0.30%
0.20%
0 . 10 %
0.00%
S3
Deal Code: JPM06NC1
2006-NC1
Prepayments - Rates
Monthly Default Rate Value Monthly Default Rate (MDR) TREND
(MDR) 8.00%
12-Month Average 0.29635% 4.00%
3.00%
2.00%
1. 0 0 %
0.00%
Weighted Average Value Weighted Average Seasoning (WAS) TREND

Seasoning (WAS) 30
Currrent Period 24.00 25

3-Month Average 23.00
20
6-Month Average 21.50
12-Month Average 18.50 15
10
0
Standard Prepayment Value Standard Prepayment Model (PSA) TREND

Model (PSA) 16 0 0 . 0 0 %
Currrent Period 500.75% 14 0 0 . 0 0 %
3-Month Average 1171.85% 12 0 0 . 0 0 %
6-Month Average 2376.21% 10 0 0 . 0 0 %
12-Month Average 6647.52% 800.00%
600.00%
400.00%
200.00%
0.00%
S4
Deal Code: JPM06NC1
2006-NC1
Prepayments and Liquidations - Summary

Group Prepayment In Full Liquidation Repurchase Others Total Prepayments
Count Amount Count Amount Count Amount Count Amount Count Amount
1 20 3,699,953.74 15 2,164,036.91 0 0 35 5,863,990.65
2 7 767,787.84 15 4,239,731.12 0 0 22 5,007,518.96
TOTAL 27 4,467,741.58 30 6,403,768.03 0 0 57 10,871,509.61
Total Prepayments in Full (Balance) Total Prepayments in Full (Count)

12 . 0 0 60
Millions
10 . 0 0 50
8.00 40
6.00 30
4.00 20
2.00 10
0.00 0
Feb '07
Mar '07
Jul '07
Feb '08
Feb '07
Mar '07
Jul '07
Feb '08
Jan '07
May '07
Jun '07
Jan '08
Jan '07
May '07
Jun '07
Jan '08
Nov '07
Dec '07
Nov '07
Dec '07
Oct '07
Oct '07
Sep '07
Sep '07
Aug '07
Aug '07
Apr '07
Apr '07
Total Liquidations (Balance) Total Liquidations (Count)
12 . 0 0 45
Millions
40
10 . 0 0
35
8.00 30
25
6.00
20
4.00 15
10
2.00
5
0.00 0
Jul '07
Jul '07
Feb '07
Mar '07
Feb '08
Feb '07
Mar '07
Feb '08
Jan '07
Jun '07
Jan '08
Jan '07
Jun '07
Jan '08
Nov '07
Dec '07
Nov '07
Dec '07
May '07
May '07
Oct '07
Oct '07
Sep '07
Sep '07
Apr '07
Apr '07
Aug '07
Aug '07
S5
Deal Code: JPM06NC1
2006-NC1
Prepayment and Liquidations - Details
Group State Loan Number Original Loan Balance Prepayment Amount Prepayment Type Paid Through Current Note
Date Rate
1 AR 1005922898 90,000.00 89,144.29 Prepayment 02-01-2008 7.2000
1 AZ 1005486155 175,200.00 173,662.01 Prepayment 02-01-2008 7.4000
1 AZ 1005710313 301,500.00 298,765.45 Prepayment 02-01-2008 7.4000
1 AZ 1005742066 72,000.00 71,248.65 Prepayment 02-01-2008 10.7750
1 AZ 1005745107 136,000.00 134,614.29 Prepayment 02-01-2008 6.8500
1 AZ 1005800813 168,000.00 166,907.41 Liquidation 02-01-2008 8.5500
1 CA 1005264322 327,000.00 323,228.14 Prepayment 02-01-2008 8.0000
1 CA 1005602635 333,000.00 328,444.72 Prepayment 02-01-2008 7.3500
1 CA 1005921559 117,650.00 115,782.33 Prepayment 02-01-2008 8.6000
1 CA 1005977758 268,405.00 265,741.19 Prepayment 02-01-2008 6.9500
1 CA 1006064466 200,000.00 199,106.38 Prepayment 02-01-2008 9.7750
1 CA 1006110380 285,000.00 283,739.46 Liquidation 02-01-2008 9.6500
1 CA 1006138244 399,500.00 395,309.05 Prepayment 02-01-2008 6.7500
1 CO 1006121555 247,500.00 246,339.62 Liquidation 02-01-2008 9.4500
1 FL 1005948950 176,900.00 175,085.35 Prepayment 02-01-2008 6.8250
1 GA 1005682433 91,200.00 90,508.11 Liquidation 02-01-2008 9.4250
1 GA 1005818902 126,000.00 125,529.52 Liquidation 02-01-2008 10.2250
1 GA 1005943312 126,000.00 125,529.52 Liquidation 02-01-2008 10.2250
1 IN 1005235881 80,910.00 80,509.21 Liquidation 02-01-2008 9.2750
1 MD 1005278709 289,000.00 285,245.53 Liquidation 02-01-2008 9.2500
1 MD 1005380777 160,000.00 158,815.79 Prepayment 02-01-2008 10.2500
1 MI 1005850670 67,500.00 67,014.23 Liquidation 02-01-2008 7.9500
1 MI 1006327799 62,300.00 61,898.61 Liquidation 02-01-2008 8.8500
1 MO 1006131198 86,400.00 85,784.47 Prepayment 02-01-2008 8.1500
1 NC 1005583433 152,000.00 150,882.81 Liquidation 02-01-2008 9.5500
1 NJ 1005196021 323,000.00 318,538.18 Prepayment 02-01-2008 9.4000
1 NJ 1006072741 234,000.00 231,784.03 Liquidation 02-01-2008 10.8000
1 NV 1005417872 110,000.00 109,091.33 Prepayment 02-01-2008 9.2250
1 OH 1005982369 76,500.00 75,549.68 Liquidation 02-01-2008 9.4750
1 OH 1006285824 67,410.00 67,000.05 Liquidation 02-01-2008 9.9900
1 PA 1006133855 106,240.00 105,599.12 Liquidation 02-01-2008 8.5750
1 PA 1006263759 134,300.00 132,339.30 Prepayment 02-01-2008 10.5000
S6
Deal Code: JPM06NC1
2006-NC1
Date Rate
1 TN 1006003754 57,600.00 57,321.04 Prepayment 02-01-2008 9.5000
1 UT 1006009838 161,250.00 157,510.61 Prepayment 02-01-2008 8.9500
1 UT 1006060683 112,000.00 110,421.17 Prepayment 02-01-2008 7.4000
TOTAL Group 1 35 5,921,265.00 5,863,990.65
Date Rate
2 AR 1006042935 43,000.00 42,267.16 Liquidation 02-01-2008 8.0000
2 CA 1005181144 106,000.00 105,215.85 Liquidation 02-01-2008 12.2000
2 CA 1005289975 89,980.00 88,905.59 Liquidation 02-01-2008 9.9000
2 CA 1005359907 588,000.00 584,363.97 Liquidation 02-01-2008 10.1500
2 CA 1005732451 495,000.00 490,677.28 Liquidation 02-01-2008 7.2500
2 CA 1006011950 268,000.00 265,889.17 Liquidation 02-01-2008 7.6250
2 CA 1006021315 297,000.00 295,367.50 Liquidation 02-01-2008 8.9000
2 CA 1006067212 480,000.00 475,317.34 Liquidation 02-01-2008 6.9900
2 CA 1006118809 480,000.00 476,711.66 Liquidation 02-01-2008 8.1250
2 CA 1006258729 264,000.00 262,017.64 Liquidation 02-01-2008 7.9900
2 CT 1005483826 74,000.00 73,426.63 Prepayment 02-01-2008 12.9000
2 CT 1005596214 181,050.00 180,311.04 Liquidation 02-01-2008 10.4000
2 FL 1005874976 115,000.00 114,115.16 Prepayment 02-01-2008 7.8750
2 FL 1006057651 129,000.00 127,988.37 Liquidation 02-01-2008 11.7000
2 GA 1006015108 256,600.00 253,676.32 Liquidation 02-01-2008 9.9000
2 HI 1005403627 75,001.00 73,329.88 Prepayment 02-01-2008 8.3750
2 ID 1005883724 119,000.00 118,211.86 Prepayment 02-01-2008 8.9900
2 NE 1006005841 46,000.00 45,616.46 Prepayment 02-01-2008 11.9900
2 NJ 1005846739 202,400.00 199,044.62 Prepayment 02-01-2008 8.2500
2 NV 1006060433 318,232.00 312,813.82 Liquidation 02-01-2008 7.8750
2 OR 1005983420 146,250.00 144,043.23 Prepayment 02-01-2008 8.7500
2 TN 1005191437 280,030.00 278,208.41 Liquidation 02-01-2008 10.0750
S7
Deal Code: JPM06NC1
2006-NC1
Date Rate
TOTAL Group 2 22 5,053,543.00 5,007,518.96
TOTAL 57 10,974,808.00 10,871,509.61
S8
Deal Code: JPM06NC1
2006-NC1
Delinquency Summary - Total
Distribution General Foreclosure REO Bankruptcy Forebearance TOTAL
Count Amount Count Amount Count Amount Count Amount Count Amount Count Amount
Current 1,606 334,577,326.48 0 0.00 0 0.00 10 2,336,682.16 0 0.00 1,616 336,914,008.64
66.69% 63.46% 0.00% 0.00% 0.00% 0.00% 0.42% 0.44% 0.00% 0.00% 67.11% 63.90%
Payment 1 133 27,862,009.62 1 49,277.63 0 0.00 2 186,390.50 0 0.00 136 28,097,677.75
5.52% 5.28% 0.04% 0.01% 0.00% 0.00% 0.08% 0.04% 0.00% 0.00% 5.65% 5.33%
Payment 2 83 18,670,576.29 5 679,284.05 0 0.00 2 162,129.46 0 0.00 90 19,511,989.80
3.45% 3.54% 0.21% 0.13% 0.00% 0.00% 0.08% 0.03% 0.00% 0.00% 3.74% 3.70%
Payment 3+ 25 3,972,370.69 398 101,430,538.91 108 29,555,481.74 35 7,738,417.86 0 0.00 566 142,696,809.20
1.04% 0.75% 16.53% 19.24% 4.49% 5.61% 1.45% 1.47% 0.00% 0.00% 23.50% 27.07%
TOTAL 1,847 385,082,283.08 404 102,159,100.59 108 29,555,481.74 49 10,423,619.98 0 0.00 2,408 527,220,485.39
76.70% 73.04% 16.78% 19.38% 4.49% 5.61% 2.03% 1.98% 0.00% 0.00% 100.00% 100.00%
Delinquent (% of Amount) Foreclosure (% of Amount)

12 .00% 25.00%
10 .00% 20.00%
8.00%
15 .00%
6.00%
10 .00%
4.00%
2.00% 5.00%
0.00% 0.00%
Jan Feb M ar Apr M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb Jan Feb M ar Apr M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
REO (% of Amount) Bankruptcy (% of Amount)

6 .00% 2.50%
5 .00% 2.00%
4 .00%
1. 5 0 %
3 .00%
1. 0 0 %
2 .00%
1.00% 0.50%
0 .00% 0.00%
Jan Feb M ar Apr M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb Jan Feb M ar Apr M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
S9
Deal Code: JPM06NC1
2006-NC1
General Trends - Total
Ending Scheduled Balance
800.00
Millions
700.00
600.00
500.00
400.00
300.00
200.00
10 0 . 0 0
0.00
Weighted Average Coupon Rate

8.25000
8.20000
8 . 15 0 0 0
8 . 10 0 0 0
8.05000
8.00000
7.95000
7.90000
7.85000
7.80000
Weighted Average Remaining Term

350
345
340
335
330
325
S10
Deal Code: JPM06NC1
2006-NC1
Delinquency Summary - Group 1
Current 950 171,906,679.16 0 0.00 0 0.00 4 869,223.81 0 0.00 954 172,775,902.97
39.45% 32.61% 0.00% 0.00% 0.00% 0.00% 0.17% 0.16% 0.00% 0.00% 39.62% 32.77%
Payment 1 69 12,438,422.65 1 49,277.63 0 0.00 1 155,885.12 0 0.00 71 12,643,585.40
2.87% 2.36% 0.04% 0.01% 0.00% 0.00% 0.04% 0.03% 0.00% 0.00% 2.95% 2.40%
Payment 2 36 7,604,289.61 4 604,172.13 0 0.00 0 0.00 0 0.00 40 8,208,461.74
1.50% 1.44% 0.17% 0.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.66% 1.56%
Payment 3+ 5 1,119,337.72 191 36,795,180.62 53 11,314,759.81 19 3,676,522.69 0 0.00 268 52,905,800.84
0.21% 0.21% 7.93% 6.98% 2.20% 2.15% 0.79% 0.70% 0.00% 0.00% 11.13% 10.03%
TOTAL 1,060 193,068,729.14 196 37,448,630.38 53 11,314,759.81 24 4,701,631.62 0 0.00 1,333 246,533,750.95
44.02% 36.62% 8.14% 7.10% 2.20% 2.15% 1.00% 0.89% 0.00% 0.00% 55.36% 46.76%
Delinquency Summary - Group 2

Current 656 162,670,647.32 0 0.00 0 0.00 6 1,467,458.35 0 0.00 662 164,138,105.67
27.24% 30.85% 0.00% 0.00% 0.00% 0.00% 0.25% 0.28% 0.00% 0.00% 27.49% 31.13%
Payment 1 64 15,423,586.97 0 0.00 0 0.00 1 30,505.38 0 0.00 65 15,454,092.35
2.66% 2.93% 0.00% 0.00% 0.00% 0.00% 0.04% 0.01% 0.00% 0.00% 2.70% 2.93%
Payment 2 47 11,066,286.68 1 75,111.92 0 0.00 2 162,129.46 0 0.00 50 11,303,528.06
1.95% 2.10% 0.04% 0.01% 0.00% 0.00% 0.08% 0.03% 0.00% 0.00% 2.08% 2.14%
Payment 3+ 20 2,853,032.97 207 64,635,358.29 55 18,240,721.93 16 4,061,895.17 0 0.00 298 89,791,008.36
0.83% 0.54% 8.60% 12.26% 2.28% 3.46% 0.66% 0.77% 0.00% 0.00% 12.38% 17.03%
TOTAL 787 192,013,553.94 208 64,710,470.21 55 18,240,721.93 25 5,721,988.36 0 0.00 1,075 280,686,734.44
32.68% 36.42% 8.64% 12.27% 2.28% 3.46% 1.04% 1.09% 0.00% 0.00% 44.64% 53.24%
S11
Deal Code: JPM06NC1
2006-NC1
Delinquency Trends - By Groups

12.00% 25.00%
10.00% 20.00%
8.00%
15.00%
6.00%
10.00%
4.00%
2.00% 5.00%
0.00% 0.00%
Jan Feb M ar Apr M ay Jun Jul '07 A ug Sep Oct Nov Dec Jan Feb Jan Feb M ar A pr M ay Jun Jul '07 A ug Sep Oct Nov Dec Jan Feb
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
Gro up 1 Group 2 Gro up 1 Group 2

8.00% 2.50%
7.00%
6.00% 2.00%
5.00% 1.50%
4.00%
3.00% 1.00%
2.00% 0.50%
1.00%
0.00% 0.00%
Jan Feb M ar Apr M ay Jun Jul '07 A ug Sep Oct Nov Dec Jan Feb Jan Feb M ar A pr M ay Jun Jul '07 Aug Sep Oct Nov Dec Jan Feb
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
Group 1 Gro up 2 Gro up 1 Group 2
Weighted Average Coupon Rate Weighted Average Re m aining Term

8.300 350
8.200 345
8.100
340
8.000
335
7.900
7.800 330
7.700 325
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
Group 1 Gro up 2 Group 1 Gro up 2
S12
Deal Code: JPM06NC1
2006-NC1
Delinquency Summary - FIXED-RATE
Current 544 99,246,154.95 0 0.00 0 0.00 4 993,784.91 0 0.00 548 100,239,939.86
22.59% 18.82% 0.00% 0.00% 0.00% 0.00% 0.17% 0.19% 0.00% 0.00% 22.76% 19.01%
Payment 1 21 3,404,027.96 1 49,277.63 0 0.00 1 30,505.38 0 0.00 23 3,483,810.97
0.87% 0.65% 0.04% 0.01% 0.00% 0.00% 0.04% 0.01% 0.00% 0.00% 0.96% 0.66%
Payment 2 19 2,649,479.32 1 256,373.91 0 0.00 1 32,229.48 0 0.00 21 2,938,082.71
0.79% 0.50% 0.04% 0.05% 0.00% 0.00% 0.04% 0.01% 0.00% 0.00% 0.87% 0.56%
Payment 3+ 15 1,481,178.36 42 9,822,591.02 11 1,552,921.93 4 643,644.51 0 0.00 72 13,500,335.82
0.62% 0.28% 1.74% 1.86% 0.46% 0.29% 0.17% 0.12% 0.00% 0.00% 2.99% 2.56%
TOTAL 599 106,780,840.59 44 10,128,242.56 11 1,552,921.93 10 1,700,164.28 0 0.00 664 120,162,169.36
24.88% 20.25% 1.83% 1.92% 0.46% 0.29% 0.42% 0.32% 0.00% 0.00% 27.57% 22.79%
Delinquency Summary - ARM

Current 1,062 235,331,171.53 0 0.00 0 0.00 6 1,342,897.25 0 0.00 1,068 236,674,068.78
44.10% 44.64% 0.00% 0.00% 0.00% 0.00% 0.25% 0.25% 0.00% 0.00% 44.35% 44.89%
Payment 1 112 24,457,981.66 0 0.00 0 0.00 1 155,885.12 0 0.00 113 24,613,866.78
4.65% 4.64% 0.00% 0.00% 0.00% 0.00% 0.04% 0.03% 0.00% 0.00% 4.69% 4.67%
Payment 2 64 16,021,096.97 4 422,910.14 0 0.00 1 129,899.98 0 0.00 69 16,573,907.09
2.66% 3.04% 0.17% 0.08% 0.00% 0.00% 0.04% 0.02% 0.00% 0.00% 2.87% 3.14%
Payment 3+ 10 2,491,192.33 356 91,607,947.89 97 28,002,559.81 31 7,094,773.35 0 0.00 494 129,196,473.38
0.42% 0.47% 14.78% 17.38% 4.03% 5.31% 1.29% 1.35% 0.00% 0.00% 20.51% 24.51%
TOTAL 1,248 278,301,442.49 360 92,030,858.03 97 28,002,559.81 39 8,723,455.70 0 0.00 1,744 407,058,316.03
51.83% 52.79% 14.95% 17.46% 4.03% 5.31% 1.62% 1.65% 0.00% 0.00% 72.43% 77.21%
S13
Deal Code: JPM06NC1
2006-NC1
Delinquency Trends - By Loan Type
12.00% 25.00%
10.00% 20.00%
8.00%
15.00%
6.00%
10.00%
4.00%
2.00% 5.00%
0.00% 0.00%
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
ARM FIXED-RATE ARM FIXED-RATE

8.00% 2.50%
7.00%
6.00% 2.00%
5.00% 1.50%
4.00%
3.00% 1.00%
2.00% 0.50%
1.00%
0.00% 0.00%
Jan Feb M ar Apr M ay Jun Jul '07 A ug Sep Oct Nov Dec Jan Feb Jan Feb M ar A pr M ay Jun Jul '07 Aug Sep Oct Nov Dec Jan Feb
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
Weighted Average Coupon Rate Weighted Average Re m aining Term

8.600 355
8.400 350
8.200 345
8.000 340
7.800
7.600 335
7.400 330
7.200 325
7.000 320
6.800 315
Jan Feb M ar Apr M ay Jun Jul '07 A ug Sep Oct Nov Dec Jan Feb Jan Feb M ar A pr M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
S14
Deal Code: JPM06NC1
2006-NC1
Losses - Details
Group Loan Number Beginning Balance Scheduled Principal Initial Loss Severity Subsequent Subsequent Non- Net Liq,
Loss Recovery Recoverables Proceeds
State
1 MI 1004511031 718.00 0.00 0.00

1 CA 1005198109 83.37 0.00 0.00
1 IN 1005235881 80,509.20 0.00 66,974.93 83.19% 0.00 13,534.27
1 CA 1005238502 228.61 0.00 0.00
1 MD 1005278709 285,245.51 0.00 85,600.31 30.01% 0.00 199,645.20
1 CO 1005308641 1,051.93 0.00 0.00
1 NY 1005326729 144.95 0.00 0.00
1 CA 1005496055 102.75 0.00 0.00
1 NC 1005583433 150,882.81 0.00 63,125.36 41.84% 0.00 87,757.45
1 TX 1005636519 50.00 0.00 0.00
1 GA 1005682433 90,508.09 0.00 33,532.78 37.05% 0.00 56,975.31
1 MI 1005734743 780.00 0.00 0.00
1 CA 1005779794 219.93 0.00 0.00
1 AZ 1005800813 166,907.41 0.00 25,669.41 15.38% 0.00 141,238.00
1 GA 1005818902 125,529.52 0.00 125,529.52 100.00% 15,870.02 0.00
1 MI 1005850670 67,014.22 0.00 51,996.18 77.59% 0.00 15,018.04
1 MS 1005926634 124.36 0.00 0.00
1 GA 1005943312 125,529.52 0.00 125,529.52 100.00% 17,422.43 0.00
1 IL 1005976027 50.00 0.00 0.00
1 OH 1005982369 75,549.67 0.00 75,549.67 100.00% 14,983.91 0.00
1 PA 1006015242 79.50 0.00 0.00
1 NJ 1006030154 265.00 0.00 0.00
1 IN 1006054468 24.68 -4,335.87 0.00
1 NJ 1006072741 231,784.03 0.00 119,793.36 51.68% 0.00 111,990.67
1 CA 1006110380 283,739.46 0.00 169,379.68 59.70% 0.00 114,359.78
1 CO 1006121555 246,339.62 0.00 125,913.74 51.11% 0.00 120,425.88
1 CA 1006122331 40.00 0.00 0.00
1 MD 1006124507 12.00 0.00 0.00
1 PA 1006133855 105,599.10 0.00 50,164.89 47.51% 0.00 55,434.21
1 OH 1006165507 0.00 -485.00 0.00
1 FL 1006257436 680.77 0.00 0.00
S15
Deal Code: JPM06NC1
2006-NC1
Losses - Details
State
1 OH 1006278510 0.00 789.70 0.00

1 OH 1006285824 67,000.04 0.00 67,000.04 100.00% 10,349.44 0.00
1 MI 1006327799 61,898.61 0.00 61,898.61 100.00% 2,879.98 0.00
Losses - Details
State
2 PA 1004510210 46.10 0.00 0.00

2 CA 1005181144 105,215.85 0.00 105,215.85 100.00% 4,299.06 0.00
2 TN 1005191437 278,208.41 0.00 80,601.09 28.97% 0.00 197,607.32
2 CA 1005263056 125.00 0.00 0.00
2 CA 1005270574 10,488.80 0.00 0.00
2 CA 1005289975 88,905.59 0.00 88,905.59 100.00% 3,034.37 0.00
2 CA 1005303003 33.37 0.00 0.00
2 CA 1005335238 297.24 0.00 0.00
2 CA 1005358962 304.42 0.00 0.00
2 CA 1005359907 584,363.93 0.00 194,371.97 33.26% 0.00 389,991.96
2 CT 1005596214 180,311.04 0.00 72,556.17 40.24% 0.00 107,754.87
2 CA 1005646045 53.43 0.00 0.00
2 CA 1005732451 490,677.28 0.00 185,012.21 37.71% 0.00 305,665.07
2 WI 1005799656 507.45 0.00 0.00
2 GA 1005882967 117.28 0.00 0.00
2 MA 1005883537 2,605.00 0.00 0.00
2 WI 1005941378 0.00 722.68 0.00
2 CA 1005942260 28.42 0.00 0.00
2 CA 1006011950 265,889.16 0.00 189,573.01 71.30% 0.00 76,316.15
2 GA 1006015108 253,676.32 0.00 142,317.84 56.10% 0.00 111,358.48
2 CA 1006016198 58.75 0.00 0.00
2 CA 1006021315 295,367.50 0.00 143,858.46 48.70% 0.00 151,509.04
2 AR 1006042935 42,267.16 0.00 42,267.16 100.00% 1,250.35 0.00
S16
Deal Code: JPM06NC1
2006-NC1
Losses - Details
State
2 CA 1006044540 109.56 0.00 0.00

2 FL 1006057651 127,988.37 0.00 127,988.37 100.00% 4,091.02 0.00
2 NV 1006060433 312,813.81 0.00 126,480.49 40.43% 0.00 186,333.32
2 CA 1006067212 475,317.34 0.00 91,855.55 19.33% 0.00 383,461.79
2 CA 1006118809 476,711.65 0.00 225,811.07 47.37% 0.00 250,900.58
2 CA 1006138618 222.62 0.00 0.00
2 CA 1006182819 95.93 0.00 0.00
2 CA 1006218032 345.65 0.00 0.00
2 CA 1006258729 262,017.62 0.00 138,304.34 52.78% 0.00 123,713.28
2 CA 1006259755 44.16 0.00 0.00
2 CA 1006295118 112.40 0.00 0.00
TOTAL 68 6,403,767.84 0.00 3,202,777.17 18,851.81 1,399.62 70,872.09 3,200,990.67
S17
Deal Code: JPM06NC1
2006-NC1
Losses Trends
Total Net Losses Cumulative Net Losses
3500.00 50.00
Millions
Thousands
45.00
3000.00
40.00
2500.00 35.00
30.00
2000.00
25.00
15 0 0 . 0 0
20.00
10 0 0 . 0 0 15 . 0 0
10 . 0 0
500.00
5.00
0.00 0.00
Jan Feb M ar Apr M ay Jun Jul '07 Aug Sep Oct Nov Dec Jan Feb Jan Feb M ar Apr M ay Jun Jul '07 Aug Sep Oct Nov Dec Jan Feb
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
Total Net Losses - By Group Cumulative Net Losses - By Group

2500.00 25.00
Millions
Thousands
2000.00 20.00
15 0 0 . 0 0 15 . 0 0
10 0 0 . 0 0 10 . 0 0
500.00 5.00
0.00 0.00
Jan Feb M ar A pr M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb Jan Feb M ar Apr M ay Jun Jul A ug Sep Oct Nov Dec Jan Feb
'07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08 '08
Group 1 Group 2 Group 1 Group 2
S18
Deal Code: JPM06NC1
2006-NC1
Distribution by Note Rate (Current) Distribution by Note Rate (Cut-off)

Range of Rates Loan Ending Scheduled Percent of WAM WAC Range of Rates Loan Ending Scheduled Percent of WAM WAC
Count Balance Pool Count Balance Pool
Less than 5.5000 13 2,626,652.74 0.498% 335 5.00% Less than 5.5000 1 349,081.27 0.038% 356 5.00%
5.5000 to less than 5.7500 8 3,314,136.15 0.629% 334 5.59% 5.5000 to less than 5.7500 18 6,607,381.70 0.710% 356 5.60%
11.7500 to less than 12.0000 10 712,175.34 0.135% 335 11.89% 11.7500 to less than 12.0000 31 2,860,652.07 0.307% 357 11.88%
Greater than; equal to 12.0000 34 2,655,133.93 0.504% 330 12.39% Greater than; equal to 12.0000 95 8,326,974.95 0.895% 356 12.44%
TOTAL 2,408 527,220,485.39 TOTAL 4,209 930,509,120.19
S19
Deal Code: JPM06NC1
2006-NC1
Distribution by Ending Scheduled Balance (Current) Distribution by Ending Scheduled Balance (Cut-off)
Range of Balances Loan Ending Scheduled Percent of WAM WAC Range of Balances Loan Ending Scheduled Percent of WAM WAC
Less than 20,000.00 0 0.00 0.000% 0 0.00% Less than 20,000.00 0 0.00 0.000% 0 0.00%
20,000.00 to less than 40,000.00 25 888,297.59 0.164% 306 10.29% 20,000.00 to less than 40,000.00 38 1,360,601.58 0.000% 342 10.92%
40,000.00 to less than 60,000.00 126 6,731,553.28 1.240% 323 9.84% 40,000.00 to less than 60,000.00 192 10,205,444.70 0.000% 350 9.98%
Greater than; equal to 540,000.00 0 0.00 0.000% 0 0.00% Greater than; equal to 540,000.00 0 0.00 0.000% 0 0.00%
TOTAL 2,408 527,220,485.39 TOTAL 4,209 930,509,120.19
S20
Deal Code: JPM06NC1
2006-NC1
Distribution by Loan Type Characteristics (Current) Distribution by Loan Type Characteristics (Cut-off)
Loan Type Loan Ending Scheduled Percent of WAM WAC Loan Type Loan Ending Scheduled Percent of WAM WAC
1 ARM - First Mortgage 1,744 407,058,316.03 43.746% 336 8.45% 1 ARM - First Mortgage 3,183 751,727,557.97 80.787% 358 8.26%
2 FIXED-RATE - First Mortgage 530 110,468,765.58 11.872% 329 7.11% 2 FIXED-RATE - First Mortgage 728 155,324,320.82 16.692% 352 7.24%
3 FIXED-RATE - Subordinate M 134 9,693,403.78 1.042% 331 11.08% 3 FIXED-RATE - Subordinate M 298 23,457,241.40 2.521% 355 11.31%
TOTAL 2,408 527,220,485.39 TOTAL 4,209 930,509,120.19
Distribution by Property Type Characteristics (Current) Distribution by Property Type Characteristics (Cut-off)
Property Type Loan Ending Scheduled Percent of WAM WAC Property Type Loan Ending Scheduled Percent of WAM WAC
1 Single-Family 1,764 376,490,813.53 40.461% 334 8.19% 1 Single-Family 3,111 676,091,509.04 72.658% 356 8.14%
2 Plan Unit Development (PUD) 331 71,706,333.27 7.706% 334 8.32% 2 Plan Unit Development (PUD) 513 110,000,544.91 11.822% 356 8.33%
3 Multi-Family ( including 3 or 4 143 42,317,312.86 4.548% 335 8.11% 3 Multi-Family ( including 3 or 4 284 81,917,340.49 8.803% 357 8.18%
4 High Rise Condo 170 36,706,025.73 3.945% 335 8.44% 4 High Rise Condo 301 62,499,725.75 6.717% 357 8.24%
TOTAL 2,408 527,220,485.39 TOTAL 4,209 930,509,120.19
Distribution by Amortization Characteristics (Current) Distribution by Amortization Characteristics (Cut-off)

Loan Type Loan Ending Scheduled Percent of WAM WAC Loan Type Loan Ending Scheduled Percent of WAM WAC
1 Balloon 1,267 318,019,014.52 34.177% 335 8.13% 1 Balloon 2,183 547,320,334.90 58.819% 357 7.92%
2 Fully Amortizing 1,141 209,201,470.87 22.482% 332 8.34% 2 Fully Amortizing 2,026 383,188,785.29 41.181% 355 8.53%
TOTAL 2,408 527,220,485.39 TOTAL 4,209 930,509,120.19
S21
Deal Code: JPM06NC1
2006-NC1
Top 10 State Concentration (Current) Top 10 State Concentration (Cut-off)

States Loan Ending Scheduled Percent of WAM WAC States Loan Ending Scheduled Percent of WAM WAC
1 CALIFORNIA 653 213,177,606.05 40.434% 335 7.96% 1 CALIFORNIA 1,193 377,415,142.09 40.560% 357 7.84%
2 FLORIDA 272 49,068,057.36 9.307% 334 8.67% 2 FLORIDA 424 76,441,230.50 8.215% 356 8.61%
3 NEW YORK 97 29,550,161.79 5.605% 334 7.82% 3 NEW JERSEY 202 52,297,632.72 5.620% 356 8.45%
4 TEXAS 201 22,720,198.65 4.309% 328 8.62% 4 NEW YORK 178 49,474,440.12 5.317% 357 7.93%
5 NEW JERSEY 81 21,684,355.12 4.113% 333 8.48% 5 MASSACHUSETTS 141 38,991,680.22 4.190% 357 8.26%
6 ARIZONA 107 19,414,158.61 3.682% 334 8.30% 6 ARIZONA 183 34,005,056.57 3.654% 356 8.41%
7 MASSACHUSETTS 66 18,218,844.67 3.456% 335 8.18% 7 TEXAS 268 32,278,397.94 3.469% 349 8.64%
8 ILLINOIS 76 13,279,266.23 2.519% 336 8.70% 8 ILLINOIS 154 28,235,195.00 3.034% 358 8.51%
9 HAWAII 36 12,944,380.75 2.455% 334 7.17% 9 MARYLAND 128 27,483,381.75 2.954% 356 8.32%
10 NEVADA 62 12,911,564.92 2.449% 335 8.40% 10 NEVADA 90 18,108,630.16 1.946% 357 8.29%
OTHERS 757 114,251,891.24 21.671% 333 8.51% OTHERS 1,248 195,778,333.12 21.040% 356 8.40%
TOTAL 2,408 527,220,485.39 TOTAL 4,209 930,509,120.19
Top 10 Current State Concentration

OTHERS
NEW YORK
NEW JERSEY
NEVADA TEXAS
MASSACHUSETTS ARIZONA
ILLINOIS
HAWAII
FLORIDA
CALIFORNIA
S22
Deal Code: JPM06NC1
2006-NC1
Material Modifications, Extensions, Waivers - Details
Group State Loan Number Original Loan Current Loan Balance Current Original Original Remaining Paid Through Modification Type
Balance Note Rate Rate Term Term Date
The Bank of New York in its respective capacity under the transaction documents is not aware of any material
modifications, extensions or waivers to pool asset terms, fees, penalties or payment numbers
S23
Deal Code: JPM06NC1
2006-NC1
Material Breaches - Details
The Bank of New York in its respective capacity under the transaction documents is not aware of any material
breaches of pool asset representations or warranties or transaction covenants
S24

New Century - JPMorgan Acquisition JPMAC2006-NC1 March 2008 Statement

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Page 1 of 12

J.P. Morgan Mortgage Acquisition Trust, Series 2006-NC1

Collection Account Principal Funds 4

Collection Account Interest Funds 4

Total Available Funds 4

Delinquent Mortgage Loans 5

Delinquency Trend Group 5

Realized Loss Group Report 7

Certificate Interest Carryover 9

Basis Risk Certificate Interest Carryover 11

Non Supported Interest Shortfall 11

Deferred Certificate Amounts 12

PASS THROUGH RATE 12

INVESTOR SUPPLEMENT REPORT 12

A1 345,251,000.00 161,052,675.35 7,776,367.33 491,809.02 8,268,176.35 0.00 0.00 153,276,308.02

A2 192,137,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

A3 71,443,000.00 67,740,240.21 5,912,413.55 203,942.81 6,116,356.36 0.00 0.00 61,827,826.66

A4 79,871,000.00 79,871,000.00 0.00 243,903.29 243,903.29 0.00 0.00 79,871,000.00

A5 43,143,000.00 43,143,000.00 0.00 135,461.53 135,461.53 0.00 0.00 43,143,000.00

M1 42,803,000.00 42,803,000.00 0.00 136,236.90 136,236.90 0.00 0.00 42,803,000.00

M2 30,707,000.00 30,707,000.00 0.00 98,265.60 98,265.60 0.00 0.00 30,707,000.00

M3 17,214,000.00 17,214,000.00 0.00 55,383.06 55,383.06 0.00 0.00 17,214,000.00

M4 13,958,000.00 13,958,000.00 0.00 45,868.99 45,868.99 0.00 0.00 13,958,000.00

M5 13,027,000.00 13,027,000.00 0.00 43,033.88 43,033.88 0.00 0.00 13,027,000.00

M6 13,492,000.00 13,492,000.00 0.00 45,499.43 45,499.43 0.00 0.00 13,492,000.00

M7 13,492,000.00 13,492,000.00 0.00 52,005.57 52,005.57 0.00 0.00 13,492,000.00

M8 10,701,000.00 10,701,000.00 0.00 42,169.00 42,169.00 0.00 0.00 10,701,000.00

M9 7,909,000.00 7,909,000.00 0.00 36,615.10 36,615.10 0.00 0.00 7,909,000.00

M10 6,048,000.00 6,048,000.00 0.00 30,603.51 30,603.51 0.00 0.00 6,048,000.00

M11 9,304,000.00 9,304,000.00 0.00 47,079.21 47,079.21 0.00 0.00 9,304,000.00

P 100.00 100.00 0.00 6,818.63 6,818.63 0.00 0.00 100.00

R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTALS 910,500,100.00 530,462,015.56 13,688,780.88 1,714,695.53 15,403,476.41 0.00 0.00 516,773,234.68

C 930,509,120.00 542,967,611.25 0.00 0.00 0.00 0.00 0.00 527,220,485.17

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING PRINCIPAL CURRENT

A1 46626LJL5 466.47996776 22.52380827 1.42449702 23.94830529 443.95615949 3.546250%

A2 46626LJM3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.000000%

A3 46626LJN1 948.17183223 82.75707277 2.85462271 85.61169548 865.41475946 3.496250%

A4 46626LJP6 1,000.00000000 0.00000000 3.05371524 3.05371524 1,000.00000000 3.546250%

A5 46626LJQ4 1,000.00000000 0.00000000 3.13982639 3.13982639 1,000.00000000 3.646250%

M1 46626LJR2 1,000.00000000 0.00000000 3.18288204 3.18288204 1,000.00000000 3.696250%

M2 46626LJS0 1,000.00000000 0.00000000 3.20010421 3.20010421 1,000.00000000 3.716250%

M3 46626LJT8 1,000.00000000 0.00000000 3.21732660 3.21732660 1,000.00000000 3.736250%

M4 46626LJU5 1,000.00000000 0.00000000 3.28621507 3.28621507 1,000.00000000 3.816250%

M5 46626LJV3 1,000.00000000 0.00000000 3.30343748 3.30343748 1,000.00000000 3.836250%

M6 46626LJW1 1,000.00000000 0.00000000 3.37232656 3.37232656 1,000.00000000 3.916250%

M7 46626LJX9 1,000.00000000 0.00000000 3.85454862 3.85454862 1,000.00000000 4.476250%

M8 46626LJY7 1,000.00000000 0.00000000 3.94065975 3.94065975 1,000.00000000 4.576250%

M9 46626LJZ4 1,000.00000000 0.00000000 4.62954862 4.62954862 1,000.00000000 5.376250%

M10 46626LKA7 1,000.00000000 0.00000000 5.06010417 5.06010417 1,000.00000000 5.876250%

M11 46626LKB5 1,000.00000000 0.00000000 5.06010426 5.06010426 1,000.00000000 5.876250%

P N/A 1,000.00000000 0.00000000 68,186.30000000 68,186.30000000 1,000.00000000 0.000000%

TOTALS 582.60511510 15.03435407 1.88324585 16.91759991 567.57076104

CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING NOTIONAL CURRENT

C N/A 583.51670025 0.00000000 0.00000000 0.00000000 566.59357102 0.000000%

Record Date 02/22/08

Interest Accrual Period:

Collection Account Principal Funds

Scheduled Principal Payments 125,927.46 126,446.56 252,374.02

Collection Account Interest Funds

Scheduled Gross Interest 1,752,714.22 1,970,165.67 3,722,879.89

Total Available Funds