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<body lang="EN-US">
<div class="Section1">
<p class="JuryInstruction" style='margin-bottom:0in;margin-bottom:0; page-break-before:auto; margin-top:0' align="center">
<font size="2" face="Times New Roman">UNITED STATES</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">Washington, D.C. 20549</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">Form 8-K</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">Current Report</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">Date of Report (Date of earliest event reported):<b>&nbsp;</b></font><font size="2">
</font> <b><font size="2">August 30, 2006</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">Long Beach Mortgage Loan Trust 2006-7</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><font size="2" face="Times New Roman">(Issuing Entity with respect to the Securities)</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>&nbsp;</p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">Long Beach Securities Corp.</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><font size="2" face="Times New Roman">(Depositor with respect to the Securities)</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>&nbsp;</p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">Washington Mutual Bank</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><font size="2" face="Times New Roman">(Sponsor with respect to the Securities)</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>&nbsp;</p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">_________________________________________</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><font size="2" face="Times New Roman">(Exact name of registrant as specified in its charter)</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">333-131252</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">(</font><font size="2">Commission File Number)</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse">
  <tr>
    <td width="50%">
    <p align="center"><font size="2" face="Times New Roman">
<b>Delaware</b></font></td>
    <td width="50%">
    <p align="center"><font size="2" face="Times New Roman">
<b>33-0917586</b></font></td>
  </tr>
  <tr>
    <td width="50%">
    <p align="center"><font size="2">(State or other jurisdiction of </font><font size="2" face="Times New Roman">
    incorporation)</font></td>
    <td width="50%">
    <p align="center"><font size="2">(I.R.S. Employer Identification No.)</font></td>
  </tr>
</table>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0" align="center">
<b>
<font size="2" face="Times New Roman">1400 South Douglass Road, Suite 100, Anaheim, California 92806</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><font size="2" face="Times New Roman">(Address of principal executive offices, with zip code)</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><b>
<font size="2" face="Times New Roman">(714) 939-5200</font></b></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><font size="2" face="Times New Roman">(Registrant's telephone number, including area code)</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center; margin-top:0; margin-bottom:0'><font size="2" face="Times New Roman">(Former name or former address, if changed since last report)</font></p>

<p class="MsoNormal" align="center" style='text-align:center;line-height:8.0pt; margin-top:0; margin-bottom:0'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoBodyTextIndent2" style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<i>see</i> General
Instruction A.2. below):</font></p>

<p class="MsoBodyTextIndent2" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style='margin-top:0;margin-right:0in;margin-bottom:0; margin-left:.5in;text-indent:-.25in'><a name="Check1">
<font size="2"></font></a><font size="2">&nbsp; </font>
 <FONT
face=Wingdings>o</FONT>&nbsp;<font size="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p class="MsoNormal" style='margin-top:0;margin-right:0in;margin-bottom:0; margin-left:.5in;text-indent:-.25in'>
<font size="2">&nbsp; </font>
 <FONT
face=Wingdings>o</FONT>&nbsp;<font size="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p class="MsoNormal" style='margin-top:0;margin-right:0in;margin-bottom:0; margin-left:.5in;text-indent:-.25in'>
<font size="2">&nbsp; </font>
 <FONT
face=Wingdings>o</FONT>&nbsp;<font size="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p class="MsoNormal" style='margin-top:0;margin-right:0in;margin-bottom:0; margin-left:.5in;text-indent:-.25in'>
<font size="2">&nbsp; </font>
 <FONT
face=Wingdings>o</FONT>&nbsp;<font size="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
</div>

<font size="2" face="Times New Roman"><br clear="all" style='page-break-before:always'>
</font>


<HR>


<div class="Section2">
<p class="MsoNormal"><font size="2" face="Times New Roman">SECTION 8 &ndash; OTHER EVENTS</font></p>

<p class="MsoNormal"><font size="2" face="Times New Roman">&nbsp;Item 8.01 <u>Other Events.</u>&nbsp;</font></p>

<p class="MsoBodyText" style='text-align:justify;text-indent:.5in'>
<font size="2" face="Times New Roman">On</font><font size="2"> <font color="black">August 30, 2006</font>, a single series of certificates, entitled Long Beach Mortgage Loan Trust 2006-7, Asset-Backed Certificates,
Series 2006-7 (the &ldquo;Certificates&rdquo;), were issued pursuant to a pooling and servicing agreement, dated as of August 1, 2006 (the &ldquo;Pooling and Servicing Agreement&rdquo;), attached hereto as Exhibit 4.1, among Long Beach Securities Corp. as depositor
(the &ldquo;Depositor&rdquo;), Washington Mutual Bank as seller and servicer (&ldquo;WMB&rdquo;), Deutsche Bank National Trust Company as trustee and Deutsche Bank Trust Company Delaware, as Delaware trustee.&nbsp; The Certificates consist of twenty-one classes of
certificates (collectively, the &ldquo;Certificates&rdquo;), designated as the &ldquo;Class I-A Certificates&rdquo;, &ldquo;Class II-A1 Certificates&rdquo;, &ldquo;Class II-A2 Certificates&rdquo;, &ldquo;Class II-A3 Certificates&rdquo;, &ldquo;Class II-A4
Certificates&rdquo;, &ldquo;Class M-1 Certificates&rdquo;, &ldquo;Class M-2 Certificates&rdquo;, &ldquo;Class M-3 Certificates&rdquo;, &ldquo;Class M-4 Certificates&rdquo;, &ldquo;Class M-5 Certificates&rdquo;, &ldquo;Class M-6 Certificates&rdquo;, &ldquo;Class M-7
Certificates&rdquo;, &ldquo;Class M-8 Certificates&rdquo;, &ldquo;Class M-9 Certificates&rdquo;, &ldquo;Class M-10 Certificates&rdquo;, &ldquo;Class M-11 Certificates&rdquo;, &ldquo;Class C Certificates&rdquo;, &ldquo;Class P Certificates&rdquo;, &ldquo;Class R
Certificates&rdquo;, &ldquo;Class R-CX Certificates&rdquo; and &ldquo;Class R-PX Certificates.&rdquo;&nbsp; The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the &ldquo;Trust Fund&rdquo;), consisting of a pool (the
&ldquo;Mortgage Pool&rdquo;) of adjustable-rate and fixed-rate residential mortgage loans having original terms to maturity up to 40 years (the &ldquo;Mortgage Loans&rdquo;).&nbsp; The Mortgage Pool consists of Mortgage Loans having an aggregate scheduled principal
balance of approximately $1,596,611,009.81 as of August 1, 2006 (the &ldquo;Cut-off Date&rdquo;).&nbsp; The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated <font color="black">August 24, 2006</font> (the &ldquo;Mortgage Loan
Purchase Agreement&rdquo;), between WMB and the Depositor.&nbsp; The Depositor, WMB, WaMu Capital Corp. and Goldman, Sachs &amp; Co. (together, WaMu Capital Corp. and Goldman, Sachs &amp; Co. are the &ldquo;Underwriters&rdquo;) have entered into an Underwriting
Agreement dated as of <font color="black">August 24, 2006</font> for the purchase of Class I-A Certificates, the Class II-A1 Certificates, the Class II-A2 Certificates, the Class II-A3 Certificates, the Class II-A4 Certificates, the Class M-1 Certificates, the Class
M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the Class M-11
Certificates.</font></p>

<font size="2" face="Times New Roman"><br clear="all" style='page-break-before:always'>
</font>


<HR>


<p class="MsoBodyText" style='text-align:justify'>
<font size="2" face="Times New Roman">The Certificates have the following initial Certificate Balances and Pass-Through Rates:</font></p>

<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style='margin-left:34.3pt;border-collapse:collapse'>

<tr>
<td width="108" valign="bottom" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
<p class="MsoNormal" align="center" style='margin-top:2.4pt;margin-right:0in; margin-bottom:2.4pt;margin-left:0in;text-align:center;border:none; padding:0in'>
<font size="2" face="Times New Roman">Class</font></p>
</div>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
<p class="MsoNormal" align="center" style='margin-top:2.4pt;margin-right:0in; margin-bottom:2.4pt;margin-left:0in;text-align:center;border:none; padding:0in'>
<font size="2" face="Times New Roman">Initial Certificate<br>
 Principal Balance or<br>
 Notional Amount</font></p>
</div>
</td>
<td width="175" valign="bottom" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
<p class="MsoNormal" align="center" style='margin-top:2.4pt;margin-right:0in; margin-bottom:2.4pt;margin-left:0in;text-align:center;text-indent:4.75pt; border:none;padding:0in'>
<font size="2" face="Times New Roman">Pass-Through Rate</font></p>
</div>
</td>
</tr>


<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">I-A</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$360,139,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">II-A1</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$409,168,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">II-A2</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$142,278,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">II-A3</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$286,209,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">II-A4</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$93,069,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-1</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$51,092,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-2</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$47,898,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-3</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$29,537,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-4</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$26,344,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;text-indent:4.75pt'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-5</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$25,546,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-6</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$20,756,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-7</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$15,966,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-8</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$15,966,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-9</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$11,176,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-10</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$11,176,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">M-11</font></p>
</td>
<td width="210" valign="bottom" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">$15,966,000.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">C</font></p>
</td>
<td width="210" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="JuryInstruction" style='margin-top:2.0pt;margin-right:.2in; margin-bottom:2.0pt;margin-left:0in;page-break-before:auto' align="center">
<font size="2" face="Times New Roman">$34,324,909.81</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">Variable</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">P</font></p>
</td>
<td width="210" valign="top" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="HeadingBase" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center;page-break-after:auto'>
<font size="2" face="Times New Roman">$100.00</font></p>
</td>
<td width="175" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">N/A</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">R</font></p>
</td>
<td width="210" valign="top" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" color="black" face="Times New Roman">100.00%</font></p>
</td>
<td width="175" valign="top" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">N/A</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">R-CX</font></p>
</td>
<td width="210" valign="top" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" color="black" face="Times New Roman">100.00%</font></p>
</td>
<td width="175" valign="top" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">N/A</font></p>
</td>
</tr>

<tr>
<td width="108" valign="top" style='width:81.0pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">R-PX</font></p>
</td>
<td width="210" valign="top" style='width:157.5pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" color="black" face="Times New Roman">100.00%</font></p>
</td>
<td width="175" valign="top" style='width:131.2pt;padding:0in 2.8pt 0in 2.8pt'>
<p class="MsoNormal" align="center" style='margin-top:2.0pt;margin-right:0in; margin-bottom:2.0pt;margin-left:0in;text-align:center'>
<font size="2" face="Times New Roman">N/A</font></p>
</td>
</tr>
</table>

<p class="MsoNormal"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoBodyText" style='text-align:justify'>
<font size="2" face="Times New Roman">The Class I-A Certificates, the Class II-A1 Certificates, the Class II-A2 Certificates, the Class II-A3 Certificates and the Class II-A4 Certificates, the Class M-1 Certificates,
the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the Class
M-11 Certificates and the Mortgage Loans are more particularly described in the Prospectus, dated</font><font size="2"> <font color="black">July 21, 2006</font>, the Preliminary Prospectus Supplement, dated <font color="black">August 24, 2006</font> and the Prospectus Supplement,
dated <font color="black">August 24, 2006</font>, as previously filed with the Securities and Exchange Commission pursuant to Rule&nbsp;424(b).&nbsp; The Class C Certificates, the Class P Certificates, the Class R Certificates, the Class R-CX Certificates and the
Class R-PX Certificates have not been and will not be publicly offered by the Depositor.&nbsp; Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.</font></p>


<HR>


<p class="MsoNormal" style='page-break-after:avoid'><b>
<font size="2" face="Times New Roman">SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS</font></b></p>

<p class="MsoNormal" style='page-break-after:avoid'>
<font size="2" face="Times New Roman">&nbsp;Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Financial Statements and Exhibits</u></font></p>

<p class="MsoNormal" style='page-break-after:avoid'>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable</font></p>

<p class="MsoNormal"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not
applicable</font></p>

<p class="MsoNormal"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits&nbsp;</font></p>

<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="667" style='width:6.95in;border-collapse:collapse'>

<tr>
<td width="163" valign="top" style='width:1.7in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" align="center" style='margin-bottom:12.0pt;text-align:center; page-break-after:avoid'><u>
<font size="2" face="Times New Roman">Exhibit No</font></u><font size="2">.</font></p>
</td>
<td width="504" valign="top" style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" align="center" style='margin-bottom:12.0pt;text-align:center; page-break-after:avoid'><u>
<font size="2" face="Times New Roman">Description</font></u></p>
</td>
</tr>


<tr style='page-break-inside:avoid'>
<td width="163" valign="top" style='width:1.7in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" align="center" style='margin-bottom:12.0pt;text-align:center'>
<font size="2" face="Times New Roman">4.1</font></p>
</td>
<td width="504" valign="top" style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" style='margin-bottom:12.0pt'>
<font size="2" face="Times New Roman">Pooling and Servicing Agreement, and Exhibits to the PSA.</font></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="163" valign="top" style='width:1.7in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" align="center" style='margin-bottom:12.0pt;text-align:center'>
<font size="2" face="Times New Roman">4.2</font></p>
</td>
<td width="504" valign="top" style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" style='margin-bottom:12.0pt'>
<font size="2" face="Times New Roman">Mortgage Loan Purchase Agreement.</font></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="163" valign="top" style='width:1.7in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" align="center" style='margin-bottom:12.0pt;text-align:center'>
<font size="2" face="Times New Roman">4.3</font></p>
</td>
<td width="504" valign="top" style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" style='margin-bottom:12.0pt'>
<font size="2" face="Times New Roman">ISDA Master Agreement including Schedule and Swap Confirmation each dated as of</font><font size="2"> <font color="black">August&nbsp;30, 2006</font> between Wachovia Bank, N.A. and Deutsche
Bank National Trust Company, not in its individual capacity but solely as Trustee on behalf of Long Beach Mortgage Loan Supplemental Interest Trust 2006-7.</font></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="163" valign="top" style='width:1.7in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" align="center" style='margin-bottom:12.0pt;text-align:center'>
<font size="2" face="Times New Roman">4.4</font></p>
</td>
<td width="504" valign="top" style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" style='margin-bottom:12.0pt'>
<font size="2" face="Times New Roman">Administrative Agent Agreement between WMB, as servicer, and Washington Mutual Mortgage Securities Corp., and its successors and assigns, in its capacity as Administrative Agent,
effective as of April 1, 2006 (incorporated by reference from Exhibit 4.4 to Form 8-K filed under File No. 131-131252 on July 26, 2006).</font></p>
</td>
</tr>

<tr style='page-break-inside:avoid'>
<td width="163" valign="top" style='width:1.7in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" align="center" style='margin-bottom:12.0pt;text-align:center'>
<font size="2" face="Times New Roman">4.5</font></p>
</td>
<td width="504" valign="top" style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" style='margin-bottom:12.0pt'>
<font size="2" face="Times New Roman">PMI Mortgage Insurance Policy.</font></p>
</td>
</tr>

</table>
</div>

<b><font size="2" face="Times New Roman"><br clear="all" style='page-break-before: always'>
</font></b>


<HR>


<div class="Section3">
<p class="MsoNormal" align="center" style='text-align:center'><b>
<font size="2" face="Times New Roman">SIGNATURES</font></b></p>

<p class="JuryInstruction" style='margin-bottom:0in;margin-bottom:.0001pt; page-break-before:auto'>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.</font></p>

<p class="JuryInstruction" style='margin-bottom:0in;margin-bottom:.0001pt; page-break-before:auto'>&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse" width="100%">
  <tr>
    <td width="32%">&nbsp;</td>
    <td width="68%"><b><font size="2" face="Times New Roman">LONG BEACH SECURITIES CORP.</font></b></td>
  </tr>
  <tr>
    <td width="32%">&nbsp;</td>
    <td width="68%">&nbsp;</td>
  </tr>
  <tr>
    <td width="32%">&nbsp;</td>
    <td width="68%">&nbsp;</td>
  </tr>
  <tr>
    <td width="32%"><font size="2" face="Times New Roman">Date:&nbsp;</font><font size="2">
    September 13<font color="black">, 2006</font></font></td>
    <td width="68%"><font size="2">By:&nbsp; </font>
<u><font size="2">/s/ &nbsp;</font></u><font size="2" face="Times New Roman"><u>Barbara
    Loper</u></font><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
  </tr>
  <tr>
    <td width="32%">&nbsp;</td>
    <td width="68%"><font size="2" face="Times New Roman">Name:&nbsp;&nbsp;&nbsp;&nbsp;Barbara
    Loper</font></td>
  </tr>
  <tr>
    <td width="32%">&nbsp;</td>
    <td width="68%"><font size="2" face="Times New Roman">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorized
    Transaction Management Officer</font></td>
  </tr>
</table>

<p class="MsoNormal" style='margin-left:3.0in'>&nbsp;</p>

<p class="MsoNormal" style='margin-left:3.0in'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" style='margin-left:3.0in'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" style='margin-left:3.0in'>
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p class="MsoNormal" align="center" style='text-align:center'>
<font size="2" face="Times New Roman">[Signature page to</font><font size="2"> Form 8-K regarding the PSA and Material Agreements]</font></p>

<font size="2" face="Times New Roman"><br clear="all" style='page-break-before:always'>
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<p class="MsoNormal" align="center" style='text-align:center'><u>
<font size="2" face="Times New Roman">Index to Exhibits</font></u><font size="2" face="Times New Roman">&nbsp;</font></p>

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<font size="2" face="Times New Roman">Exhibit No</font></u><font size="2">.</font></p>
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<p class="MsoNormal" style='margin-bottom:12.0pt;page-break-after:avoid' align="center"><u>
<font size="2" face="Times New Roman">Description</font></u></p>
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<font size="2" face="Times New Roman">4.1</font></p>
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<p class="MsoNormal" style='margin-bottom:12.0pt'>
<font size="2" face="Times New Roman">Pooling and Servicing Agreement, and Exhibits to the PSA.</font></p>
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<font size="2" face="Times New Roman">4.2</font></p>
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<font size="2" face="Times New Roman">Mortgage Loan Purchase Agreement.</font></p>
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<font size="2" face="Times New Roman">4.3</font></p>
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<font size="2" face="Times New Roman">ISDA Master Agreement including Schedule and Swap Confirmation each dated as of</font><font size="2"> <font color="black">August&nbsp;30, 2006</font> between Wachovia Bank, N.A. and Deutsche
Bank National Trust Company, not in its individual capacity but solely as Trustee on behalf of Long Beach Mortgage Loan Supplemental Interest Trust 2006-7.</font></p>
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<font size="2" face="Times New Roman">4.4</font></p>
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<td width="504" valign="top" style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
<p class="MsoNormal" style='margin-bottom:12.0pt'>
<font size="2" face="Times New Roman">Administrative Agent Agreement between WMB, as servicer, and Washington Mutual Mortgage Securities Corp., and its successors and assigns, in its capacity as Administrative Agent,
effective as of April 1, 2006 (incorporated by reference from Exhibit 4.4 to Form 8-K filed under File No. 131-131252 on July 26, 2006).</font></p>
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<font size="2" face="Times New Roman">4.5</font></p>
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<p class="MsoNormal" style='margin-bottom:12.0pt'>
<font size="2" face="Times New Roman">PMI Mortgage Insurance Policy.</font></p>
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<p class="MsoNormal"><font size="2" face="Times New Roman">&nbsp;</font></p>
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{"company-data": {"conformed-name": "Long Beach Mortgage Loan Trust 2006-7", "cik": "0001370358", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-131252-05", "film-number": "061088935"}, "business-address": {"street1": "1400 SOUTH DOUGLASS ROAD", "street2": "SUITE 100", "city": "ANAHEIM", "state": "CA", "zip": "92806", "phone": "714-939-5200"}, "mail-address": {"street1": "1400 SOUTH DOUGLASS ROAD", "street2": "SUITE 100", "city": "ANAHEIM", "state": "CA", "zip": "92806"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 30, 2006
Long Beach Mortgage Loan Trust 2006-7
(Issuing Entity with respect to the Securities)
Long Beach Securities Corp.
(Depositor with respect to the Securities)
Washington Mutual Bank
(Sponsor with respect to the Securities)
_________________________________________
(Exact name of registrant as specified in its charter)
333-131252
(
Commission File Number)
Delaware
33-0917586
(State or other jurisdiction of
incorporation)
(I.R.S. Employer Identification No.)
1400 South Douglass Road, Suite 100, Anaheim, California 92806
(Address of principal executive offices, with zip code)
(714) 939-5200
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General
Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION 8 – OTHER EVENTS
Item 8.01
Other Events.
On
August 30, 2006
, a single series of certificates, entitled Long Beach Mortgage Loan Trust 2006-7, Asset-Backed Certificates,
Series 2006-7 (the "Certificates"), were issued pursuant to a pooling and servicing agreement, dated as of August 1, 2006 (the "Pooling and Servicing Agreement"), attached hereto as Exhibit 4.1, among Long Beach Securities Corp. as depositor
(the "Depositor"), Washington Mutual Bank as seller and servicer ("WMB"), Deutsche Bank National Trust Company as trustee and Deutsche Bank Trust Company Delaware, as Delaware trustee.  The Certificates consist of twenty-one classes of
certificates (collectively, the "Certificates"), designated as the "Class I-A Certificates", "Class II-A1 Certificates", "Class II-A2 Certificates", "Class II-A3 Certificates", "Class II-A4
Certificates", "Class M-1 Certificates", "Class M-2 Certificates", "Class M-3 Certificates", "Class M-4 Certificates", "Class M-5 Certificates", "Class M-6 Certificates", "Class M-7
Certificates", "Class M-8 Certificates", "Class M-9 Certificates", "Class M-10 Certificates", "Class M-11 Certificates", "Class C Certificates", "Class P Certificates", "Class R
Certificates", "Class R-CX Certificates" and "Class R-PX Certificates."  The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund"), consisting of a pool (the
"Mortgage Pool") of adjustable-rate and fixed-rate residential mortgage loans having original terms to maturity up to 40 years (the "Mortgage Loans").  The Mortgage Pool consists of Mortgage Loans having an aggregate scheduled principal
balance of approximately $1,596,611,009.81 as of August 1, 2006 (the "Cut-off Date").  The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated
August 24, 2006
(the "Mortgage Loan
Purchase Agreement"), between WMB and the Depositor.  The Depositor, WMB, WaMu Capital Corp. and Goldman, Sachs & Co. (together, WaMu Capital Corp. and Goldman, Sachs & Co. are the "Underwriters") have entered into an Underwriting
Agreement dated as of
August 24, 2006
for the purchase of Class I-A Certificates, the Class II-A1 Certificates, the Class II-A2 Certificates, the Class II-A3 Certificates, the Class II-A4 Certificates, the Class M-1 Certificates, the Class
M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the Class M-11
Certificates.
The Certificates have the following initial Certificate Balances and Pass-Through Rates:
Class
Initial Certificate
Principal Balance or
Notional Amount
Pass-Through Rate
I-A
$360,139,000.00
Variable
II-A1
$409,168,000.00
Variable
II-A2
$142,278,000.00
Variable
II-A3
$286,209,000.00
Variable
II-A4
$93,069,000.00
Variable
M-1
$51,092,000.00
Variable
M-2
$47,898,000.00
Variable
M-3
$29,537,000.00
Variable
M-4
$26,344,000.00
Variable
M-5
$25,546,000.00
Variable
M-6
$20,756,000.00
Variable
M-7
$15,966,000.00
Variable
M-8
$15,966,000.00
Variable
M-9
$11,176,000.00
Variable
M-10
$11,176,000.00
Variable
M-11
$15,966,000.00
Variable
C
$34,324,909.81
Variable
P
$100.00
N/A
R
100.00%
N/A
R-CX
100.00%
N/A
R-PX
100.00%
N/A
The Class I-A Certificates, the Class II-A1 Certificates, the Class II-A2 Certificates, the Class II-A3 Certificates and the Class II-A4 Certificates, the Class M-1 Certificates,
the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the Class
M-11 Certificates and the Mortgage Loans are more particularly described in the Prospectus, dated
July 21, 2006
, the Preliminary Prospectus Supplement, dated
August 24, 2006
and the Prospectus Supplement,
dated
August 24, 2006
, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b).  The Class C Certificates, the Class P Certificates, the Class R Certificates, the Class R-CX Certificates and the
Class R-PX Certificates have not been and will not be publicly offered by the Depositor.  Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01
Financial Statements and Exhibits
(a)        Not applicable
(b)        Not
applicable
(c)        Exhibits
Exhibit No
.
Description
4.1
Pooling and Servicing Agreement, and Exhibits to the PSA.
4.2
Mortgage Loan Purchase Agreement.
4.3
ISDA Master Agreement including Schedule and Swap Confirmation each dated as of
August 30, 2006
between Wachovia Bank, N.A. and Deutsche
Bank National Trust Company, not in its individual capacity but solely as Trustee on behalf of Long Beach Mortgage Loan Supplemental Interest Trust 2006-7.
4.4
Administrative Agent Agreement between WMB, as servicer, and Washington Mutual Mortgage Securities Corp., and its successors and assigns, in its capacity as Administrative Agent,
effective as of April 1, 2006 (incorporated by reference from Exhibit 4.4 to Form 8-K filed under File No. 131-131252 on July 26, 2006).
4.5
PMI Mortgage Insurance Policy.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
LONG BEACH SECURITIES CORP.
Date:
September 13
, 2006
By:
/s/
Barbara
    Loper
Name:    Barbara
    Loper
Title:      Authorized
    Transaction Management Officer
[Signature page to
Form 8-K regarding the PSA and Material Agreements]
Index to Exhibits
Exhibit No
.
Description
4.1
Pooling and Servicing Agreement, and Exhibits to the PSA.
4.2
Mortgage Loan Purchase Agreement.
4.3
ISDA Master Agreement including Schedule and Swap Confirmation each dated as of
August 30, 2006
between Wachovia Bank, N.A. and Deutsche
Bank National Trust Company, not in its individual capacity but solely as Trustee on behalf of Long Beach Mortgage Loan Supplemental Interest Trust 2006-7.
4.4
Administrative Agent Agreement between WMB, as servicer, and Washington Mutual Mortgage Securities Corp., and its successors and assigns, in its capacity as Administrative Agent,
effective as of April 1, 2006 (incorporated by reference from Exhibit 4.4 to Form 8-K filed under File No. 131-131252 on July 26, 2006).
4.5
PMI Mortgage Insurance Policy.