New Century - JPMorgan Acquisition JPMAC2006-NC1 September 2007 Statement

Page 1 of 25
J.P. Morgan Mortgage Acquisition Trust, Series 2006-NC1

September 25, 2007
Table of Contents
Distribution Report 2
Factor Report 3
Delinquent Mortgage Loans 9
Delinquency Trend Group 10
Bankruptcies 11
Foreclosures 12
REO Properties 13
Realized Loss Group Report 14
PASS THROUGH RATE 23
INVESTOR SUPPLEMENT REPORT 25
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
Alexander Tonge
Bank of New York - Structured Finance Services
101 Barclay Street, 4th Floor
New York, New York 10286
Tel: (212) 815-8179 / Fax: (212) 815-8093
Email: alexander.t.tonge@bankofny.com
Page 2 of 25
September 25, 2007
DISTRIBUTION IN DOLLARS
CLASS ORIGINAL FACE BEGINNING PRINCIPAL INTEREST TOTAL REALIZED DEFERRED ENDING
VALUE PRINCIPAL LOSSES INTEREST PRINCIPAL
BALANCE BALANCE
A1 345,251,000.00 186,397,977.35 4,673,810.94 852,123.53 5,525,934.47 0.00 0.00 181,724,166.41
A2 192,137,000.00 17,823,805.70 5,683,530.92 79,902.64 5,763,433.56 0.00 0.00 12,140,274.78
A3 71,443,000.00 71,443,000.00 0.00 323,726.09 323,726.09 0.00 0.00 71,443,000.00
A4 79,871,000.00 79,871,000.00 0.00 365,132.50 365,132.50 0.00 0.00 79,871,000.00
A5 43,143,000.00 43,143,000.00 0.00 200,704.83 200,704.83 0.00 0.00 43,143,000.00
M1 42,803,000.00 42,803,000.00 0.00 200,847.13 200,847.13 0.00 0.00 42,803,000.00
M2 30,707,000.00 30,707,000.00 0.00 144,583.06 144,583.06 0.00 0.00 30,707,000.00
M3 17,214,000.00 17,214,000.00 0.00 81,328.98 81,328.98 0.00 0.00 17,214,000.00
M4 13,958,000.00 13,958,000.00 0.00 66,845.25 66,845.25 0.00 0.00 13,958,000.00
M5 13,027,000.00 13,027,000.00 0.00 62,596.54 62,596.54 0.00 0.00 13,027,000.00
M6 13,492,000.00 13,492,000.00 0.00 65,700.42 65,700.42 0.00 0.00 13,492,000.00
M7 13,492,000.00 13,492,000.00 0.00 71,786.81 71,786.81 0.00 0.00 13,492,000.00
M8 10,701,000.00 10,701,000.00 0.00 57,798.78 57,798.78 0.00 0.00 10,701,000.00
M9 7,909,000.00 7,909,000.00 0.00 47,815.40 47,815.40 0.00 0.00 7,909,000.00
M10 6,048,000.00 6,048,000.00 0.00 37,662.79 37,662.79 0.00 0.00 6,048,000.00
M11 9,304,000.00 9,304,000.00 0.00 57,938.92 57,938.92 0.00 0.00 9,304,000.00
P 100.00 100.00 0.00 95,532.81 95,532.81 0.00 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 910,500,100.00 577,333,883.05 10,357,341.86 2,812,026.48 13,169,368.34 0.00 0.00 566,976,541.19
CLASS ORIGINAL FACE BEGINNING PRINCIPAL INTEREST TOTAL REALIZED DEFERRED ENDING
VALUE NOTIONAL LOSSES INTEREST NOTIONAL
BALANCE BALANCE
C 930,509,120.00 596,286,734.37 0.00 0.00 0.00 0.00 0.00 584,948,547.61
Copyright 2007 Bank of New York & Co. All rights reserved.
Prod 2.03
Page 3 of 25
September 25, 2007
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING PRINCIPAL CURRENT

PRINCIPAL PASS-
THRU
RATE
A1 46626LJL5 539.89120191 13.53742912 2.46812762 16.00555674 526.35377279 5.675000%
A2 46626LJM3 92.76612886 29.58061654 0.41586285 29.99647939 63.18551232 5.565000%
A3 46626LJN1 1,000.00000000 0.00000000 4.53124995 4.53124995 1,000.00000000 5.625000%
A4 46626LJP6 1,000.00000000 0.00000000 4.57152784 4.57152784 1,000.00000000 5.675000%
A5 46626LJQ4 1,000.00000000 0.00000000 4.65208330 4.65208330 1,000.00000000 5.775000%
M1 46626LJR2 1,000.00000000 0.00000000 4.69236105 4.69236105 1,000.00000000 5.825000%
M2 46626LJS0 1,000.00000000 0.00000000 4.70847234 4.70847234 1,000.00000000 5.845000%
M3 46626LJT8 1,000.00000000 0.00000000 4.72458348 4.72458348 1,000.00000000 5.865000%
M4 46626LJU5 1,000.00000000 0.00000000 4.78902780 4.78902780 1,000.00000000 5.945000%
M5 46626LJV3 1,000.00000000 0.00000000 4.80513856 4.80513856 1,000.00000000 5.965000%
M6 46626LJW1 1,000.00000000 0.00000000 4.86958346 4.86958346 1,000.00000000 6.045000%
M7 46626LJX9 1,000.00000000 0.00000000 5.32069449 5.32069449 1,000.00000000 6.605000%
M8 46626LJY7 1,000.00000000 0.00000000 5.40125035 5.40125035 1,000.00000000 6.705000%
M9 46626LJZ4 1,000.00000000 0.00000000 6.04569478 6.04569478 1,000.00000000 7.505000%
M10 46626LKA7 1,000.00000000 0.00000000 6.22731316 6.22731316 1,000.00000000 7.730457%
M11 46626LKB5 1,000.00000000 0.00000000 6.22731298 6.22731298 1,000.00000000 7.730457%
P N/A 1,000.00000000 0.00000000 955,328.10000000 955,328.10000000 1,000.00000000 0.000000%
TOTALS 634.08437083 11.37544286 3.08844170 14.46388456 622.70892797
CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING NOTIONAL CURRENT

NOTIONAL PASS-
THRU
RATE
C N/A 640.81772178 0.00000000 0.00000000 0.00000000 628.63279364 0.000000%
Prod 2.03
Page 4 of 25
September 25, 2007
Dates
Record Date 09/24/07

Determination Date 09/17/07
Distribution Date 09/25/07
Principal Funds:
Scheduled Principal Payments (Total) 279,338.68
Group 1 138,816.36
Group 2 140,522.32
Principal Prepayments (Total) 5,568,039.07

Group 1 3,297,502.33
Group 2 2,270,536.74
Curtailments (Total) 26,538.94

Group 1 16,148.11
Group 2 10,390.83
Curtailment Interest Adjustments (Total) -0.85

Group 1 38.84
Group 2 -39.69
Repurchase Principal (Total) 0.00

Group 1 0.00
Group 2 0.00
Substitution Amounts (Total) 0.00

Group 1 0.00
Group 2 0.00
Net Liquidation Proceeds (Total) 3,313,527.57
Prod 2.03
Page 5 of 25
September 25, 2007
Group 1 690,369.84
Group 2 2,623,157.73
Other Principal Adjustments (Total) 0.00

Group 1 0.00
Group 2 0.00
Non Recoverable Principal Advances (Total) 1,306.07

Group 1 362.37
Group 2 943.70
Interest Funds:
Gross Interest 3,972,151.76

Group 1 1,878,457.97
Group 2 2,093,693.79
Servicing Fees 248,452.81

Group 1 117,296.44
Group 2 131,156.37
Trustee Fees 1,987.64

Group 1 938.38
Group 2 1,049.26
Custodian Fee 993.81

Group 1 469.19
Group 2 524.63
Trust Oversight Manager Fees 7,453.58

Group 1 3,518.89
Group 2 3,934.69
Prod 2.03
Page 6 of 25
September 25, 2007
Non Recoverable Interest Advances (Total) 33,120.41

Group 1 10,244.02
Group 2 22,876.39
Retro Soldiers and Sailors Relief Act (Total) 546.48

Group 1 546.48
Group 2 0.00
Prepayment Penalties:
Number of Loans Prepaid with Respect to which Prepayment Penalties were Collected 16
Group 1 10
Group 2 6
Balance of Loans Prepaid with Respect to which Prepayment Penalties were Collected 3,136,571.84
Group 1 1,515,406.31
Group 2 1,621,165.53
Amount of Prepayment Penalties Collected 95,532.81

Group 1 42,578.29
Group 2 52,954.52
Prod 2.03
Page 7 of 25
September 25, 2007
Available Remitance Amount 12,838,323.84
Principal Remittance Amount (Total) 9,158,726.82

Group 1 4,132,928.91
Group 2 5,025,797.91
Interest Remittance Amount (Total) 3,679,597.02

Group 1 1,745,444.57
Group 2 1,934,152.45
Prod 2.03
Page 8 of 25
September 25, 2007
Pool Detail:
Beginning Number of Loans Outstanding 2,771
Group 1 1,525
Group 2 1,246
Ending Number of Loans Outstanding 2,714

Group 1 1,498
Group 2 1,216
Beginning Aggregate Loan Balance 596,286,734.58

Group 1 281,511,457.53
Group 2 314,775,277.05
Ending Aggregate Loan Balance 584,948,547.82

Group 1 276,855,460.76
Group 2 308,093,087.06
Current Advances 0.00

Group 1 0.00
Group 2 0.00
Aggregate Advances 0.00

Group 1 0.00
Group 2 0.00
Weighted Average Remaning Term To Maturity 339

Group 1 339
Group 2 339
Weighted Average Net Mortgage Rate 7.47278%

Group 1 7.48631%
Group 2 7.46067%
Prod 2.03
Page 9 of 25
September 25, 2007
Interest Accrual Period

Start Date August 27, 2007
End Date September 25, 2007
Number of Days in Accrual Period 29
Delinquent Mortgage Loans
Group 1
Category Number Principal Percentage

Balance
1 Month 77 14,187,391.83 5.12%
2 Month 23 4,760,783.70 1.72%
3 Month 7 1,161,926.30 0.42%
Total 107 20,110,101.83 7.26%
Delinquent Mortgage Loans
Group 2
Category Number Principal Percentage

Balance
1 Month 81 20,354,992.22 6.61%
2 Month 34 8,923,512.31 2.90%
3 Month 21 2,963,275.29 0.96%
Total 136 32,241,779.82 10.46%
* Delinquent Bankruptcies and Foreclosures are not included in the table above.
Prod 2.03
Page 10 of 25
September 25, 2007
Prod 2.03
Page 11 of 25
September 25, 2007
Bankruptcies
Group Number of Principal Percentage
Number Loans Balance
1 22 3,012,085.83 1.09%
2 19 4,299,603.96 1.40%
Total 41 7,311,689.79 1.25%
Group 1 Bankruptcy Reporting:

Number of Bankruptcy Loans that are Current 5
Principal Balance of Bankruptcy Loans that are Current 865,655.50
Number of Bankruptcy Loans that are 1 Month Delinquent 0
Principal Balance of Bankruptcy Loans that are 1 Month Delinquent 0.00
Number of Bankruptcy Loans that are 2 Months Delinquent 0
Principal Balance of Bankruptcy Loans that are 2 Months Delinquent 0.00
Number of Bankruptcy Loans that are 3+ Months Delinquent 17
Principal Balance of Bankruptcy Loans that are 3+ Months Delinquent 2,146,430.33
Total Number of Bankruptcy Loans 22
Total Principal Balance of Bankruptcy Loans 3,012,085.83
Group 2 Bankruptcy Reporting:

Number of Bankruptcy Loans that are Current 3
Principal Balance of Bankruptcy Loans that are Current 672,724.72
Number of Bankruptcy Loans that are 1 Month Delinquent 0
Principal Balance of Bankruptcy Loans that are 1 Month Delinquent 0.00
Number of Bankruptcy Loans that are 2 Months Delinquent 1
Principal Balance of Bankruptcy Loans that are 2 Months Delinquent 32,285.61
Number of Bankruptcy Loans that are 3+ Months Delinquent 15
Principal Balance of Bankruptcy Loans that are 3+ Months Delinquent 3,594,593.63
Total Number of Bankruptcy Loans 19
Total Principal Balance of Bankruptcy Loans 4,299,603.96
Prod 2.03
Page 12 of 25
September 25, 2007
Foreclosures
1 147 26,360,213.73 9.52%
2 142 43,281,649.27 14.05%
Total 289 69,641,863.00 11.91%
Group 1 Foreclosure Reporting:

Number of Foreclosure Loans that are Current 0
Principal Balance of Foreclosure Loans that are Current 0.00
Number of Foreclosure Loans that are 1 Month Delinquent 1
Principal Balance of Foreclosure Loans that are 1 Month Delinquent 206,812.00
Number of Foreclosure Loans that are 2 Months Delinquent 4
Principal Balance of Foreclosure Loans that are 2 Months Delinquent 510,330.61
Number of Foreclosure Loans that are 3+ Months Delinquent 142
Principal Balance of Foreclosure Loans that are 3+ Months Delinquent 25,643,071.12
Total Number of Foreclosure Loans 147
Total Principal Balance of Foreclosure Loans 26,360,213.73
Group 2 Foreclosure Reporting:

Number of Foreclosure Loans that are Current 0
Principal Balance of Foreclosure Loans that are Current 0.00
Number of Foreclosure Loans that are 1 Month Delinquent 1
Principal Balance of Foreclosure Loans that are 1 Month Delinquent 118,782.62
Number of Foreclosure Loans that are 2 Months Delinquent 2
Principal Balance of Foreclosure Loans that are 2 Months Delinquent 507,388.08
Number of Foreclosure Loans that are 3+ Months Delinquent 139
Principal Balance of Foreclosure Loans that are 3+ Months Delinquent 42,655,478.57
Total Number of Foreclosure Loans 142
Total Principal Balance of Foreclosure Loans 43,281,649.27
Prod 2.03
Page 13 of 25
September 25, 2007
REO Properties
1 48 10,001,360.22 3.61%
2 64 18,776,293.58 6.09%
Total 112 28,777,653.80 4.92%
Group 1 REO Reporting:

Number of REO Loans that are Current 0
Principal Balance of REO Loans that are Current 0.00
Number of REO Loans that are 1 Month Delinquent 0
Principal Balance of REO Loans that are 1 Month Delinquent 0.00
Number of REO Loans that are 2 Months Delinquent 0
Principal Balance of REO Loans that are 2 Months Delinquent 0.00
Number of REO Loans that are 3+ Months Delinquent 48
Principal Balance of REO Loans that are 3+ Months Delinquent 10,001,360.22
Total Number of REO Loans 48
Total Principal Balance of REO Loans 10,001,360.22
Group 2 REO Reporting:

Number of REO Loans that are Current 0
Principal Balance of REO Loans that are Current 0.00
Number of REO Loans that are 1 Month Delinquent 0
Principal Balance of REO Loans that are 1 Month Delinquent 0.00
Number of REO Loans that are 2 Months Delinquent 0
Principal Balance of REO Loans that are 2 Months Delinquent 0.00
Number of REO Loans that are 3+ Months Delinquent 64
Principal Balance of REO Loans that are 3+ Months Delinquent 18,776,293.58
Total Number of REO Loans 64
Total Principal Balance of REO Loans 18,776,293.58
Prod 2.03
Page 14 of 25
September 25, 2007
Realized Loss Group Report

Group Current Loss Cumulative Ending Balance Balance of Net Liquidation
Number Loss Liquidated Proceeds
Loans
1 513,121.29 2,556,206.04 276,855,460.76 1,203,491.13 690,369.84
2 1,637,622.06 7,820,155.33 308,093,087.06 4,260,779.79 2,623,157.73
TOTAL 2,150,743.35 10,376,361.37 584,948,547.82 5,464,270.92 3,313,527.57
Loss Detail:
Current Realized Losses - Reduced by Recoveries 2,150,743.35

Group 1 513,121.29
Group 2 1,637,622.06
Nonrecoverable Losses 24,734.47

Group 1 5,594.27
Group 2 19,140.20
Subsequent Losses - Reduced by Recoveries 2,676.05

Group 1 3,989.93
Group 2 -1,313.88
Cumulative Realized Losses - Reduced by Recoveries 10,415,809.92

Group 1 2,565,383.13
Group 2 7,850,426.79
Current Applied Losses 0.00

Cumulative Applied Losses 0.00
Prod 2.03
Page 15 of 25
September 25, 2007
Trigger Event NO
TEST I - Trigger Event Occurrence (Effective May 2009) YES
(Is Delinquency Percentage > 37.40% of of Senior Enhancement Percetage ?)
Delinquency Percentage 21.11993%
37.40% of of Senior Enhancement Percetage 12.49515%
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 1.11937%
Required Cumulative Loss % 0.00000%
O/C Reporting
Targeted Overcollateralization Amount 20,005,946.10
Ending Overcollateralization Amount 17,972,006.63
Ending Overcollateralization Deficiency 2,033,939.47
Overcollateralization Release Amount 0.00
Monthly Excess Interest 963,103.37
Payment to Class C 0.00
Prod 2.03
Page 16 of 25
September 25, 2007
Certificate Interest Shortfall Detail:
Interest Carryforward Amount Occured This Period 0.00

Class A-1 0.00
Class A-2 0.00
Class A-3 0.00
Class A-4 0.00
Class A-5 0.00
Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Class M-8 0.00
Class M-9 0.00
Class M-10 0.00
Class M-11 0.00
Interest Carryforward Amount Paid This Period 0.00

Class A-1 0.00
Class A-2 0.00
Class A-3 0.00
Class A-4 0.00
Class A-5 0.00
Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Prod 2.03
Page 17 of 25
September 25, 2007
Class M-7 0.00

Class M-8 0.00
Class M-9 0.00
Class M-10 0.00
Class M-11 0.00
Remaining Interest Carryforward Amount

Class A-1 0.00
Class A-2 0.00
Class A-3 0.00
Class A-4 0.00
Class A-5 0.00
Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Class M-8 0.00
Class M-9 0.00
Class M-10 0.00
Class M-11 0.00
Prod 2.03
Page 18 of 25
September 25, 2007
Swap Account:
Net Swap Payment Due 0.00
Net Swap Payment Paid 0.00
Net Swap Receipt Due 235,511.67
Beginning Balance 1,000.00

Additions to the Swap Account 235,511.67
Withdrawals from the Swap Account 235,511.67
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
Basis Risk Reserve Carryover:

Interest Carryover Amount Occured This Period
Class A-1 0.00
Class A-2 0.00
Class A-3 0.00
Class A-4 0.00
Class A-5 0.00
Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Prod 2.03
Page 19 of 25
September 25, 2007
Class M-8 0.00

Class M-9 0.00
Class M-10 1,337.57
Class M-11 2,057.67
Interest Carryover Amount Paid This Period

Class A-1 0.00
Class A-2 0.00
Class A-3 0.00
Class A-4 0.00
Class A-5 0.00
Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Class M-8 0.00
Class M-9 0.00
Class M-10 0.00
Class M-11 0.00
Remaining Interest Carryover Amount

Class A-1 0.00
Class A-2 0.00
Class M-1 0.00
Class A-3 0.00
Class A-4 0.00
Class A-5 0.00
Class M-2 0.00
Class M-3 0.00
Prod 2.03
Page 20 of 25
September 25, 2007
Class M-4 0.00

Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Class M-8 0.00
Class M-9 3,835.49
Class M-10 11,314.11
Class M-11 18,205.27
Prod 2.03
Page 21 of 25
September 25, 2007
Non-Supported Interest Shortfall:
Total Prepayment Interest Shortfall occured this distribution 0.00
Prepayment Interest Shortfall Allocated to Class A-1 0.00

Prepayment Interest Shortfall Allocated to Class M-1 0.00
Prepayment Interest Shortfall Allocated to Class C 0.00
Total Relief Act Interest Shortfall occured this distribution 0.00
Relief Act Interest Shortfall Allocated to Class A-1 0.00

Relief Act Interest Shortfall Allocated to Class M-1 0.00
Prod 2.03
Page 22 of 25
September 25, 2007

Relief Act Interest Shortfall Allocated to Class C 0.00
Prod 2.03
Page 23 of 25
September 25, 2007
Available Net Funds Cap to Libor Certificates 7.730457
One-Month LIBOR for Such Distribution Date 5.505000
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 5.675000 5.301250
Class A2 5.565000 5.191250
Class A3 5.625000 5.251250
Class A4 5.675000 5.301250
Class A5 5.775000 5.401250
Class M1 5.825000 5.451250
Class M2 5.845000 5.471250
Class M3 5.865000 5.491250
Class M4 5.945000 5.571250
Class M5 5.965000 5.591250
Class M6 6.045000 5.671250
Class M7 6.605000 6.231250
Class M8 6.705000 6.331250
Class M9 7.505000 7.131250
Class M10 8.005000 7.631250
Class M11 8.005000 7.631250
Prod 2.03
Page 24 of 25
September 25, 2007
Deferred Amounts Detail:

(Reduction of Certificate Principal Amounts due to Applied Loss Amounts)
Deferred Amount with respect to such Distribution Date
Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Class M-8 0.00
Class M-9 0.00
Class M-10 0.00
Class M-11 0.00
Deferred Amount Paid This Period 0.00

Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Class M-8 0.00
Class M-9 0.00
Class M-10 0.00
Class M-11 0.00
Prod 2.03
Page 25 of 25
September 25, 2007
Deferred Amount Occured This Period 0.00

Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Class M-8 0.00
Class M-9 0.00
Class M-10 0.00
Class M-11 0.00
Remaining Deferred Amount

Class M-1 0.00
Class M-2 0.00
Class M-3 0.00
Class M-4 0.00
Class M-5 0.00
Class M-6 0.00
Class M-7 0.00
Class M-8 0.00
Class M-9 0.00
Class M-10 0.00
Class M-11 0.00
Prod 2.03
Deal Code: JPM06NC1
Distribution Date: 09/25/2007
JP MORGAN MORTGAGE ACQUISITION TRUST ASSET-BACKED
Pay Date: 09/25/2007 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 8
General Trends - Total 9
Delinquency Summary - by Groups 10
Delinquency Trends - by Groups 11
Delinquency Summary - by Loan Type 12
Delinquency Trends - by Loan Type 13
Distribution by Note Rate 14
Distribution by Ending Scheduled Balance 15
Distribution by Loan Type, by Property Type, by Amortization Type 16
Top 10 State Concentration 17
Material Modifications, Extensions, Waivers - Details 18
Material Breaches - Details 19
Deal Code: JPM06NC1
2006-NC1
Collateral Information - Summary
Total Group 1 Group 2
LOAN COUNT:
Beginning Loan Count 2,771 1,525 1,246
Payoff Loan Count 57 27 30
Ending Loan Count 2,714 1,498 1,216
PRINCIPAL BALANCE:
Beginning Loan Balance 596,286,734.58 281,511,457.53 314,775,277.05
Scheduled Principal 279,338.68 138,816.36 140,522.32
Curtailments 26,538.94 16,148.11 10,390.83
Curtailment Interest Adjustment -0.85 38.84 -39.69
Prepayment in Full 5,568,039.01 3,297,502.30 2,270,536.71
Repurchases 0.00 0.00 0.00
Liquidations 5,464,270.98 1,203,491.16 4,260,779.82
Ending Loan Balance 584,948,547.82 276,855,460.76 308,093,087.06
CHARACTERISTICS:
Weighted Average Coupon Rate (WAC) 7.9937750 8.0073101 7.9816702
Weighted Average Net Rate (Net WAC) 7.4727750 7.4863101 7.4606702
Weighted Average Remaining Term 340 339 340
FEE AMOUNTS:
Servicing Fee Amount 248,452.81 117,296.44 131,156.37
Other Fee Amount 10,435.01 4,926.45 5,508.56
Total Fee Amount 258,887.82 122,222.89 136,664.93
OTHER INFORMATION:
Scheduled Interest (Gross) 3,972,151.76 1,878,457.97 2,093,693.79
Prepayment Penalty Amount 95,532.81 42,578.29 52,954.52
Prepayment Penalty Count 16 10 6
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
Aug 2006 1.95% 0.90% 1.52% 1.14% 0.00% 0.17% 0.00 0.00% 87.46447% 33.23821% 0.00000%
Sep 2006 3.00% 1.28% 2.49% 2.17% 0.02% 0.23% 0.00 0.00% 84.85644% 30.10622% 0.00000%
Oct 2006 3.76% 1.32% 3.37% 3.00% 0.04% 0.32% 39,806.06 0.01% 82.26480% 30.68218% 0.06048%
Nov 2006 4.13% 1.42% 4.33% 3.92% 0.09% 0.38% 622,209.78 0.08% 79.97829% 27.65349% 0.90919%
Dec 2006 5.22% 1.57% 5.81% 4.51% 0.66% 0.60% 781,829.88 0.11% 77.96368% 25.79127% 0.25708%
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%
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 16.53222%
3-Month Average 18.42711% 25.00%
6-Month Average 19.32463% 20.00%

12-Month Average 24.10841%
15 . 0 0 %
Average Since Cut-off 26.41370%
10 . 0 0 %
5.00%
0.00%
Aug '06 Sep '06 Oct ' 0 6 Nov '06 Dec '06 Jan '07 Feb '07 Mar '07 Apr '07 May '07 Jun '07 Jul '07 Aug '07 Sep '07
Single Month Mortality Value Single Month Mortality (SMM) TREND

(SMM) 3.50%
Currrent Period 1.49463% 3.00%
3-Month Average 1.68401% 2.50%

2.00%
1. 5 0 %
Average Since Cut-off 2.55393%
1. 0 0 %
0.50%
0.00%
Constant Default Rate Value Constant Default Rate (CDR) TREND

(CDR) 0.40%
12-Month Average 1.59390% 0.20%
0 . 15 %
0 . 10 %
0.05%
0.00%
S3
Deal Code: JPM06NC1
2006-NC1
Prepayments - Rates
Monthly Default Rate Value Monthly Default Rate (MDR) TREND
(MDR) 4.50%
4.00%
Currrent Period 0.36069%
3.50%
3.00%
2.50%
2.00%
1. 5 0 %
1. 0 0 %
0.50%
0.00%
Weighted Average Value Weighted Average Seasoning (WAS) TREND

Seasoning (WAS) 20
18
Currrent Period 19.00
16
3-Month Average 18.00
14
6-Month Average 16.50 12
12-Month Average 13.50 10
8
6
4
2
0
Standard Prepayment Value Standard Prepayment Model (PSA) TREND

Model (PSA) 3000.00%

2000.00%
12-Month Average 12042.22% 15 0 0 . 0 0 %
10 0 0 . 0 0 %
500.00%
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 3,297,502.30 7 1,203,491.16 0 0 27 4,500,993.46
2 11 2,270,536.71 19 4,260,779.82 0 0 30 6,531,316.53
TOTAL 31 5,568,039.01 26 5,464,270.98 0 0 57 11,032,309.99
Total Prepayments in Full (Balance) Total Prepayments in Full (Count)

30.00 12 0
Millions
25.00 10 0
20.00 80
15 . 0 0 60
10 . 0 0 40
5.00 20
0.00 0
Feb '07
Mar '07
Jul '07
Feb '07
Mar '07
Jul '07
Jan '07
May '07
Jun '07
Jan '07
May '07
Jun '07
Nov '06
Dec '06
Nov '06
Dec '06
Oct '06
Oct '06
Sep '06
Sep '07
Sep '06
Sep '07
Aug '06
Aug '07
Aug '06
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 '07
Mar '07
Jan '07
Jun '07
Jan '07
Jun '07
Nov '06
Dec '06
Nov '06
Dec '06
May '07
May '07
Oct '06
Oct '06
Sep '06
Sep '07
Sep '06
Sep '07
Apr '07
Apr '07
Aug '06
Aug '07
Aug '06
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 AZ 1004887616 254,915.00 253,484.73 Liquidation 09-01-2007 8.3000
1 AZ 1006271161 151,500.00 149,964.46 Prepayment 09-01-2007 5.9500
1 FL 1005247119 308,000.00 305,244.33 Prepayment 09-01-2007 6.6500
1 FL 1005392050 142,000.00 139,961.16 Prepayment 09-01-2007 7.7000
1 FL 1005906987 107,500.00 107,078.17 Liquidation 09-01-2007 9.3500
1 FL 1006095049 165,000.00 162,341.62 Prepayment 09-01-2007 7.1000
1 GA 1006108026 139,500.00 137,159.81 Prepayment 09-01-2007 9.1750
1 ID 1005506909 175,000.00 173,189.17 Prepayment 09-01-2007 9.6250
1 ID 1005960338 118,000.00 117,390.78 Prepayment 09-01-2007 8.4000
1 IN 1006005084 193,500.00 191,476.47 Liquidation 09-01-2007 9.3000
1 KY 1006126275 104,000.00 103,457.76 Prepayment 09-01-2007 8.3750
1 MA 1005948807 436,000.00 430,083.49 Liquidation 09-01-2007 7.9900
1 MA 1005986837 235,000.00 232,349.60 Prepayment 09-01-2007 8.9250
1 MS 1006284816 85,500.00 85,123.07 Liquidation 09-01-2007 8.7500
1 NC 1005892689 107,825.00 107,218.79 Prepayment 09-01-2007 8.1000
1 ND 1006251067 82,650.00 82,397.41 Liquidation 09-01-2007 10.2000
1 NJ 1005779767 375,000.00 372,738.44 Prepayment 09-01-2007 7.8500
1 NJ 1006002862 216,000.00 213,102.87 Prepayment 09-01-2007 8.0500
1 NV 1005825271 298,917.00 297,295.20 Prepayment 09-01-2007 8.2250
1 NY 1005231643 82,500.00 81,393.41 Prepayment 09-01-2007 9.4500
1 OH 1006165507 54,000.00 53,847.82 Liquidation 09-01-2007 10.4750
1 SC 1006007769 123,250.00 122,049.51 Prepayment 09-01-2007 9.6500
1 TN 1006229636 90,013.60 89,455.30 Prepayment 09-01-2007 7.7500
1 VA 1006024143 94,500.00 93,626.80 Prepayment 09-01-2007 6.9000
1 WA 1005492987 180,800.00 180,011.79 Prepayment 09-01-2007 9.5250
1 WI 1006117436 111,600.00 110,633.97 Prepayment 09-01-2007 10.2250
1 WI 1006268120 110,000.00 108,917.53 Prepayment 09-01-2007 9.6000
TOTAL Group 1 27 4,542,470.60 4,500,993.46
S6
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
2 AZ 1005765923 112,000.00 110,652.28 Prepayment 09-01-2007 8.7750
2 AZ 1006144175 186,320.00 185,385.08 Liquidation 09-01-2007 8.5000
2 CA 1004738993 230,000.00 228,100.12 Prepayment 09-01-2007 7.9900
2 CA 1005282641 394,642.00 392,159.90 Liquidation 09-01-2007 7.7000
2 CA 1005394815 184,000.00 182,828.26 Prepayment 09-01-2007 11.9500
2 CA 1005568744 238,000.00 235,646.37 Prepayment 09-01-2007 6.2500
2 CA 1005763836 386,750.00 385,807.06 Liquidation 09-01-2007 10.9500
2 CA 1005809397 327,200.00 324,950.60 Liquidation 09-01-2007 7.3800
2 CA 1005847088 520,000.00 519,999.99 Liquidation 09-01-2007 7.9900
2 CA 1005849246 550,400.00 548,005.09 Liquidation 09-01-2007 9.0500
2 CA 1006081465 378,000.00 376,651.44 Liquidation 09-01-2007 9.6750
2 CA 1006082945 107,000.00 106,652.14 Prepayment 09-01-2007 9.9900
2 CO 1005189949 133,600.00 132,648.79 Liquidation 09-01-2007 7.4500
2 CT 1005173368 204,000.00 201,676.14 Liquidation 09-01-2007 9.1500
2 FL 1005518488 256,000.00 252,747.13 Liquidation 09-01-2007 8.3250
2 FL 1005929294 175,000.00 173,161.63 Prepayment 09-01-2007 9.3000
2 FL 1005955059 147,000.00 146,526.19 Prepayment 09-01-2007 10.0250
2 FL 1006063733 113,000.00 112,394.74 Liquidation 09-01-2007 12.4500
2 HI 1004888303 66,800.00 66,245.99 Liquidation 09-01-2007 10.7000
2 HI 1005778768 810,000.00 804,783.49 Prepayment 09-01-2007 7.9500
2 KS 1005147165 37,180.00 36,550.57 Prepayment 09-01-2007 11.8500
2 KS 1006046290 65,000.00 64,426.78 Liquidation 09-01-2007 10.2500
2 MI 1006003219 55,500.00 55,146.34 Liquidation 09-01-2007 12.1500
2 NY 1005166599 110,000.00 109,365.58 Liquidation 09-01-2007 12.1500
2 NY 1006029576 98,000.00 97,322.56 Liquidation 09-01-2007 11.3000
2 OH 1004793156 117,360.00 116,772.47 Liquidation 09-01-2007 9.0500
2 OR 1005271984 59,000.00 58,521.15 Prepayment 09-01-2007 6.7750
2 TX 1005975938 244,000.00 241,730.06 Liquidation 09-01-2007 9.8750
2 WA 1004975628 77,890.00 77,344.08 Liquidation 09-01-2007 11.5000
2 WI 1006037148 188,000.00 187,114.51 Prepayment 09-01-2007 9.8000
TOTAL Group 2 30 6,571,642.00 6,531,316.53
S7
Deal Code: JPM06NC1
2006-NC1
TOTAL 57 11,114,112.60 11,032,309.99
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 2,029 426,865,459.58 0 0.00 0 0.00 8 1,538,380.22 0 0.00 2,037 428,403,839.80
74.76% 72.97% 0.00% 0.00% 0.00% 0.00% 0.29% 0.26% 0.00% 0.00% 75.06% 73.24%
Payment 1 158 34,542,384.05 2 325,594.62 0 0.00 0 0.00 0 0.00 160 34,867,978.67
5.82% 5.91% 0.07% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.90% 5.96%
Payment 2 57 13,684,296.01 6 1,017,718.69 0 0.00 1 32,285.61 0 0.00 64 14,734,300.31
2.10% 2.34% 0.22% 0.17% 0.00% 0.00% 0.04% 0.01% 0.00% 0.00% 2.36% 2.52%
Payment 3+ 28 4,125,201.59 281 68,298,549.69 112 28,777,653.80 32 5,741,023.96 0 0.00 453 106,942,429.04
1.03% 0.71% 10.35% 11.68% 4.13% 4.92% 1.18% 0.98% 0.00% 0.00% 16.69% 18.28%
TOTAL 2,272 479,217,341.23 289 69,641,863.00 112 28,777,653.80 41 7,311,689.79 0 0.00 2,714 584,948,547.82
83.71% 81.92% 10.65% 11.91% 4.13% 4.92% 1.51% 1.25% 0.00% 0.00% 100.00% 100.00%
Delinquent (% of Amount) Foreclosure (% of Amount)

10 .00% 14 . 0 0 %
9.00%
12 . 0 0 %
8.00%
7.00% 10 . 0 0 %
6.00% 8.00%
5.00%
4.00% 6.00%
3.00% 4.00%
2.00%
2.00%
1. 0 0 %
0.00% 0.00%
Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug Sep Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug Sep
'06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '07 '06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '07
REO (% of Amount) Bankruptcy (% of Amount)

6 .00% 1. 4 0 %
5 .00% 1. 2 0 %
1. 0 0 %
4 .00%
0.80%
3 .00%
0.60%
2 .00%
0.40%
1.00% 0.20%
0 .00% 0.00%
Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug Sep Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug Sep
'06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '07 '06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '07
S9
Deal Code: JPM06NC1
2006-NC1
General Trends - Total
Ending Scheduled Balance
900.00
Millions
800.00
700.00
600.00
500.00
400.00
300.00
200.00
10 0 . 0 0
0.00
Weighted Average Coupon Rate

8 . 12 0 0 0
8 . 10 0 0 0
8.08000
8.06000
8.04000
8.02000
8.00000
7.98000
7.96000
7.94000
7.92000
Weighted Average Remaining Term

355
350
345
340
335
330
S10
Deal Code: JPM06NC1
2006-NC1
Delinquency Summary - Group 1
Current 1,174 217,371,699.15 0 0.00 0 0.00 5 865,655.50 0 0.00 1,179 218,237,354.65
43.26% 37.16% 0.00% 0.00% 0.00% 0.00% 0.18% 0.15% 0.00% 0.00% 43.44% 37.31%
Payment 1 77 14,187,391.83 1 206,812.00 0 0.00 0 0.00 0 0.00 78 14,394,203.83
2.84% 2.43% 0.04% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.87% 2.46%
Payment 2 23 4,760,783.70 4 510,330.61 0 0.00 0 0.00 0 0.00 27 5,271,114.31
0.85% 0.81% 0.15% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.99% 0.90%
Payment 3+ 7 1,161,926.30 142 25,643,071.12 48 10,001,360.22 17 2,146,430.33 0 0.00 214 38,952,787.97
0.26% 0.20% 5.23% 4.38% 1.77% 1.71% 0.63% 0.37% 0.00% 0.00% 7.89% 6.66%
TOTAL 1,281 237,481,800.98 147 26,360,213.73 48 10,001,360.22 22 3,012,085.83 0 0.00 1,498 276,855,460.76
47.20% 40.60% 5.42% 4.51% 1.77% 1.71% 0.81% 0.51% 0.00% 0.00% 55.20% 47.33%
Delinquency Summary - Group 2

Current 855 209,493,760.43 0 0.00 0 0.00 3 672,724.72 0 0.00 858 210,166,485.15
31.50% 35.81% 0.00% 0.00% 0.00% 0.00% 0.11% 0.12% 0.00% 0.00% 31.61% 35.93%
Payment 1 81 20,354,992.22 1 118,782.62 0 0.00 0 0.00 0 0.00 82 20,473,774.84
2.98% 3.48% 0.04% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.02% 3.50%
Payment 2 34 8,923,512.31 2 507,388.08 0 0.00 1 32,285.61 0 0.00 37 9,463,186.00
1.25% 1.53% 0.07% 0.09% 0.00% 0.00% 0.04% 0.01% 0.00% 0.00% 1.36% 1.62%
Payment 3+ 21 2,963,275.29 139 42,655,478.57 64 18,776,293.58 15 3,594,593.63 0 0.00 239 67,989,641.07
0.77% 0.51% 5.12% 7.29% 2.36% 3.21% 0.55% 0.61% 0.00% 0.00% 8.81% 11.62%
TOTAL 991 241,735,540.25 142 43,281,649.27 64 18,776,293.58 19 4,299,603.96 0 0.00 1,216 308,093,087.06
36.51% 41.33% 5.23% 7.40% 2.36% 3.21% 0.70% 0.74% 0.00% 0.00% 44.80% 52.67%
S11
Deal Code: JPM06NC1
2006-NC1
Trends - By Groups
12.00% 16.00%
10.00% 14.00%
12.00%
8.00% 10.00%
6.00% 8.00%
4.00% 6.00%
4.00%
2.00% 2.00%
0.00% 0.00%
A ug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul '07 A ug Sep Aug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul '07 A ug Sep
'06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07
Gro up 1 Group 2 Group 1 Gro up 2

7.00% 1.60%
6.00% 1.40%
5.00% 1.20%
1.00%
4.00%
0.80%
3.00%
0.60%
2.00% 0.40%
1.00% 0.20%
0.00% 0.00%
Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul '07 Aug Sep A ug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul '07 A ug Sep
'06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07
Group 1 Gro up 2 Gro up 1 Group 2
Weighted Average Coupon Rate Weighted Average Re m aining Term

8.150 355
8.100 350
8.050 345
8.000 340
7.950 335
7.900 330
A ug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul '07 Aug Sep A ug Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul '07 A ug Sep
'06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07
Group 1 Gro up 2 Group 1 Gro up 2
S12
Deal Code: JPM06NC1
2006-NC1
Delinquency Summary - FIXED-RATE
Current 624 111,883,486.88 0 0.00 0 0.00 4 429,193.02 0 0.00 628 112,312,679.90
22.99% 19.13% 0.00% 0.00% 0.00% 0.00% 0.15% 0.07% 0.00% 0.00% 23.14% 19.20%
Payment 1 25 5,200,259.08 1 206,812.00 0 0.00 0 0.00 0 0.00 26 5,407,071.08
0.92% 0.89% 0.04% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.96% 0.92%
Payment 2 16 2,318,114.72 1 110,564.65 0 0.00 1 32,285.61 0 0.00 18 2,460,964.98
0.59% 0.40% 0.04% 0.02% 0.00% 0.00% 0.04% 0.01% 0.00% 0.00% 0.66% 0.42%
Payment 3+ 18 1,571,281.25 28 5,508,205.72 10 1,622,341.43 5 538,116.85 0 0.00 61 9,239,945.25
0.66% 0.27% 1.03% 0.94% 0.37% 0.28% 0.18% 0.09% 0.00% 0.00% 2.25% 1.58%
TOTAL 683 120,973,141.93 30 5,825,582.37 10 1,622,341.43 10 999,595.48 0 0.00 733 129,420,661.21
25.17% 20.68% 1.11% 1.00% 0.37% 0.28% 0.37% 0.17% 0.00% 0.00% 27.01% 22.13%
Delinquency Summary - ARM

Current 1,405 314,981,972.70 0 0.00 0 0.00 4 1,109,187.20 0 0.00 1,409 316,091,159.90
51.77% 53.85% 0.00% 0.00% 0.00% 0.00% 0.15% 0.19% 0.00% 0.00% 51.92% 54.04%
Payment 1 133 29,342,124.97 1 118,782.62 0 0.00 0 0.00 0 0.00 134 29,460,907.59
4.90% 5.02% 0.04% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.94% 5.04%
Payment 2 41 11,366,181.29 5 907,154.04 0 0.00 0 0.00 0 0.00 46 12,273,335.33
1.51% 1.94% 0.18% 0.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.69% 2.10%
Payment 3+ 10 2,553,920.34 253 62,790,343.97 102 27,155,312.37 27 5,202,907.11 0 0.00 392 97,702,483.79
0.37% 0.44% 9.32% 10.73% 3.76% 4.64% 0.99% 0.89% 0.00% 0.00% 14.44% 16.70%
TOTAL 1,589 358,244,199.30 259 63,816,280.63 102 27,155,312.37 31 6,312,094.31 0 0.00 1,981 455,527,886.61
58.55% 61.24% 9.54% 10.91% 3.76% 4.64% 1.14% 1.08% 0.00% 0.00% 72.99% 77.87%
S13
Deal Code: JPM06NC1
2006-NC1
Trends - By Loan Type
12.00% 16.00%
10.00% 14.00%
12.00%
8.00% 10.00%
6.00% 8.00%
4.00% 6.00%
4.00%
2.00% 2.00%
0.00% 0.00%
A ug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul '07 A ug Sep Aug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul '07 A ug Sep
'06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07
ARM FIXED-RATE ARM FIXED-RATE

7.00% 1.60%
6.00% 1.40%
5.00% 1.20%
1.00%
4.00%
0.80%
3.00%
0.60%
2.00% 0.40%
1.00% 0.20%
0.00% 0.00%
Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul '07 Aug Sep A ug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul '07 A ug Sep
'06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07
Weighted Average Coupon Rate Weighted Average Re m aining Term

8.400 360
8.200 355
350
8.000 345
7.800 340
7.600 335
330
7.400
325
7.200 320
A ug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul '07 Aug Sep A ug Sep Oct Nov Dec Jan Feb M ar A pr M ay Jun Jul Aug Sep
'06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '06 '06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '07
S14
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 1 344,977.44 0.059% 339 5.00% Less than 5.5000 1 349,081.27 0.038% 356 5.00%
5.5000 to less than 5.7500 12 4,515,586.64 0.772% 339 5.59% 5.5000 to less than 5.7500 18 6,607,381.70 0.710% 356 5.60%
Greater than; equal to 12.0000 47 3,683,344.03 0.630% 337 12.42% Greater than; equal to 12.0000 95 8,326,974.95 0.895% 356 12.44%
TOTAL 2,714 584,948,547.82 TOTAL 4,209 930,509,120.19
S15
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 25 890,764.15 0.149% 309 10.50% 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 60,000.00 143 7,563,341.61 1.268% 330 9.83% 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 2,714 584,948,547.82 TOTAL 4,209 930,509,120.19
S16
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 1,981 455,527,886.61 48.955% 341 8.10% 1 ARM - First Mortgage 3,183 751,727,557.97 80.787% 358 8.26%
2 FIXED-RATE - First Mortgage 562 116,644,388.18 12.536% 334 7.17% 2 FIXED-RATE - First Mortgage 728 155,324,320.82 16.692% 352 7.24%
3 FIXED-RATE - Subordinate M 171 12,776,273.03 1.373% 337 11.18% 3 FIXED-RATE - Subordinate M 298 23,457,241.40 2.521% 355 11.31%
TOTAL 2,714 584,948,547.82 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 1,987 417,037,246.25 44.818% 339 7.97% 1 Single-Family 3,111 676,091,509.04 72.658% 356 8.14%
2 Plan Unit Development (PUD) 362 78,406,193.40 8.426% 339 8.05% 2 Plan Unit Development (PUD) 513 110,000,544.91 11.822% 356 8.33%
3 Multi-Family ( including 3 or 4 168 48,001,928.04 5.159% 340 7.93% 3 Multi-Family ( including 3 or 4 284 81,917,340.49 8.803% 357 8.18%
4 High Rise Condo 197 41,503,180.13 4.460% 340 8.00% 4 High Rise Condo 301 62,499,725.75 6.717% 357 8.24%
TOTAL 2,714 584,948,547.82 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 1,431 352,777,013.14 37.912% 340 7.78% 1 Balloon 2,183 547,320,334.90 58.819% 357 7.92%
2 Fully Amortizing 1,283 232,171,534.68 24.951% 338 8.29% 2 Fully Amortizing 2,026 383,188,785.29 41.181% 355 8.53%
TOTAL 2,714 584,948,547.82 TOTAL 4,209 930,509,120.19
S17
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 734 235,143,368.48 40.199% 340 7.67% 1 CALIFORNIA 1,193 377,415,142.09 40.560% 357 7.84%
2 FLORIDA 299 53,378,919.23 9.125% 339 8.46% 2 FLORIDA 424 76,441,230.50 8.215% 356 8.61%
3 NEW YORK 107 31,540,290.85 5.392% 339 7.66% 3 NEW JERSEY 202 52,297,632.72 5.620% 356 8.45%
4 TEXAS 218 25,080,292.10 4.288% 333 8.58% 4 NEW YORK 178 49,474,440.12 5.317% 357 7.93%
5 NEW JERSEY 89 23,674,826.30 4.047% 339 8.24% 5 MASSACHUSETTS 141 38,991,680.22 4.190% 357 8.26%
6 MASSACHUSETTS 79 21,356,306.36 3.651% 340 7.97% 6 ARIZONA 183 34,005,056.57 3.654% 356 8.41%
7 ARIZONA 118 21,188,656.80 3.622% 339 8.01% 7 TEXAS 268 32,278,397.94 3.469% 349 8.64%
8 ILLINOIS 88 15,576,008.30 2.663% 341 8.31% 8 ILLINOIS 154 28,235,195.00 3.034% 358 8.51%
9 HAWAII 39 13,490,425.13 2.306% 339 7.03% 9 MARYLAND 128 27,483,381.75 2.954% 356 8.32%
10 NEVADA 65 13,415,135.92 2.293% 340 7.98% 10 NEVADA 90 18,108,630.16 1.946% 357 8.29%
OTHERS 878 131,104,318.35 22.413% 338 8.32% OTHERS 1,248 195,778,333.12 21.040% 356 8.40%
TOTAL 2,714 584,948,547.82 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
S18
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
S19
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
S20

New Century - JPMorgan Acquisition JPMAC2006-NC1 September 2007 Statement

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New Century - JPMorgan Acquisition JPMAC2006-NC1 September 2007 Statement

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Page 1 of 25

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

Delinquent Mortgage Loans 9

Delinquency Trend Group 10

Realized Loss Group Report 14

PASS THROUGH RATE 23

INVESTOR SUPPLEMENT REPORT 25

A1 345,251,000.00 186,397,977.35 4,673,810.94 852,123.53 5,525,934.47 0.00 0.00 181,724,166.41

A2 192,137,000.00 17,823,805.70 5,683,530.92 79,902.64 5,763,433.56 0.00 0.00 12,140,274.78

A3 71,443,000.00 71,443,000.00 0.00 323,726.09 323,726.09 0.00 0.00 71,443,000.00

A4 79,871,000.00 79,871,000.00 0.00 365,132.50 365,132.50 0.00 0.00 79,871,000.00

A5 43,143,000.00 43,143,000.00 0.00 200,704.83 200,704.83 0.00 0.00 43,143,000.00

M1 42,803,000.00 42,803,000.00 0.00 200,847.13 200,847.13 0.00 0.00 42,803,000.00

M2 30,707,000.00 30,707,000.00 0.00 144,583.06 144,583.06 0.00 0.00 30,707,000.00

M3 17,214,000.00 17,214,000.00 0.00 81,328.98 81,328.98 0.00 0.00 17,214,000.00

M4 13,958,000.00 13,958,000.00 0.00 66,845.25 66,845.25 0.00 0.00 13,958,000.00

M5 13,027,000.00 13,027,000.00 0.00 62,596.54 62,596.54 0.00 0.00 13,027,000.00

M6 13,492,000.00 13,492,000.00 0.00 65,700.42 65,700.42 0.00 0.00 13,492,000.00

M7 13,492,000.00 13,492,000.00 0.00 71,786.81 71,786.81 0.00 0.00 13,492,000.00

M8 10,701,000.00 10,701,000.00 0.00 57,798.78 57,798.78 0.00 0.00 10,701,000.00

M9 7,909,000.00 7,909,000.00 0.00 47,815.40 47,815.40 0.00 0.00 7,909,000.00

M10 6,048,000.00 6,048,000.00 0.00 37,662.79 37,662.79 0.00 0.00 6,048,000.00

M11 9,304,000.00 9,304,000.00 0.00 57,938.92 57,938.92 0.00 0.00 9,304,000.00

P 100.00 100.00 0.00 95,532.81 95,532.81 0.00 0.00 100.00

R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTALS 910,500,100.00 577,333,883.05 10,357,341.86 2,812,026.48 13,169,368.34 0.00 0.00 566,976,541.19

C 930,509,120.00 596,286,734.37 0.00 0.00 0.00 0.00 0.00 584,948,547.61

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING PRINCIPAL CURRENT

A1 46626LJL5 539.89120191 13.53742912 2.46812762 16.00555674 526.35377279 5.675000%

A2 46626LJM3 92.76612886 29.58061654 0.41586285 29.99647939 63.18551232 5.565000%

A3 46626LJN1 1,000.00000000 0.00000000 4.53124995 4.53124995 1,000.00000000 5.625000%

A4 46626LJP6 1,000.00000000 0.00000000 4.57152784 4.57152784 1,000.00000000 5.675000%

A5 46626LJQ4 1,000.00000000 0.00000000 4.65208330 4.65208330 1,000.00000000 5.775000%

M1 46626LJR2 1,000.00000000 0.00000000 4.69236105 4.69236105 1,000.00000000 5.825000%

M2 46626LJS0 1,000.00000000 0.00000000 4.70847234 4.70847234 1,000.00000000 5.845000%

M3 46626LJT8 1,000.00000000 0.00000000 4.72458348 4.72458348 1,000.00000000 5.865000%

M4 46626LJU5 1,000.00000000 0.00000000 4.78902780 4.78902780 1,000.00000000 5.945000%

M5 46626LJV3 1,000.00000000 0.00000000 4.80513856 4.80513856 1,000.00000000 5.965000%

M6 46626LJW1 1,000.00000000 0.00000000 4.86958346 4.86958346 1,000.00000000 6.045000%

M7 46626LJX9 1,000.00000000 0.00000000 5.32069449 5.32069449 1,000.00000000 6.605000%

M8 46626LJY7 1,000.00000000 0.00000000 5.40125035 5.40125035 1,000.00000000 6.705000%

M9 46626LJZ4 1,000.00000000 0.00000000 6.04569478 6.04569478 1,000.00000000 7.505000%

M10 46626LKA7 1,000.00000000 0.00000000 6.22731316 6.22731316 1,000.00000000 7.730457%

M11 46626LKB5 1,000.00000000 0.00000000 6.22731298 6.22731298 1,000.00000000 7.730457%

P N/A 1,000.00000000 0.00000000 955,328.10000000 955,328.10000000 1,000.00000000 0.000000%

TOTALS 634.08437083 11.37544286 3.08844170 14.46388456 622.70892797

CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING NOTIONAL CURRENT

C N/A 640.81772178 0.00000000 0.00000000 0.00000000 628.63279364 0.000000%

Record Date 09/24/07

Principal Prepayments (Total) 5,568,039.07

Curtailments (Total) 26,538.94

Curtailment Interest Adjustments (Total) -0.85

Repurchase Principal (Total) 0.00

Substitution Amounts (Total) 0.00

Net Liquidation Proceeds (Total) 3,313,527.57

Other Principal Adjustments (Total) 0.00

Non Recoverable Principal Advances (Total) 1,306.07

Gross Interest 3,972,151.76

Servicing Fees 248,452.81

Trustee Fees 1,987.64

Custodian Fee 993.81

Trust Oversight Manager Fees 7,453.58