Item 15. Exhibits, Financial Statement Schedules.



(a) Exhibits


(4.1) Pooling and Servicing Agreement, dated as of October 1, 2006, among
Structured Asset Mortgage Investments II Inc., as depositor, Wells
Fargo Bank National Association, as master servicer and as securities
administrator, EMC Mortgage Corporation and The Bank of New York, as
trustee (As previously filed on Form 8-K filed on November 15, 2006
and is hereby incorporated by reference into this report on Form 10-K)


(4.2) Grantor Trust Agreement, dated as of October 31, 2006, among
Structured Asset Mortgage Investments II, Inc., as depositor, Wells
Fargo Bank National Association, as paying agent and certificate
registrar, and The Bank of New York, as grantor trustee (As previously
filed on Form 8-K filed on November 15, 2006 and is hereby
incorporated by reference into this report on Form 10-K)


(10.1) Yield Maintenance Agreements, dated October 31, 2006, between Bear
Stearns Financial Products Inc. and the Trustee on the behalf of
Structured Asset Mortgage Investments II Trust 2006-AR8 (As previously
filed on Form 8-K filed on November 15,2006 and is hereby incorporated
by reference into this report on Form 10-K)


(10.2) Swap Agreements, dated October 31, 2006, between Structured Asset
Mortgage Investments II Grantor Trust 2006-AR8 and Wells Fargo Bank,
National Association (As previously filed on Form 8-K filed on
November 17, 2006 and is hereby incorporated by reference into this
report on Form 10-K)


(10.4) Seller's Warranties and Servicing Agreement, dated as of September 1,
2002 among EMC Mortgage Corporation, as purchaser and Countrywide Home
Loans, Inc., as company, as amended.


(10.5) Servicing Agreement, dated October 1, 2006 among Structured Asset
Mortgage Investments II Inc., as owner and EMC Mortgage Corporation,
as servicer.


(10.6) Purchase, Warranties and Servicing Agreement, dated as of March 1,
2006 among EMC Mortgage Corporation as purchaser, American Home
Mortgage Corp., as company and American Home Mortgage Servicing, Inc.,
as servicer


(10.7) Servicing Agreement, dated April 1, 2005 by and between Washington
Mutual Bank, as servicer and EMC Mortgage Corporation as owner, as
amended.


(10.8) Amendment  Reg AB  ("Amendment  Reg  AB"),  dated  as of January 1,
2006, by and between EMC Mortgage  Corporation  (the  "Purchaser"),
and  Countrywide  Home Loans,  Inc. (the  "Company") to that certain
Seller's Warranties  and  Servicing  Agreement]  dated as of
September  1, 2002 by and between the Company and the Purchaser
(as amended,  modified or  supplemented, the "Existing Agreement").


(31) Rule 13a-14(d)/15d-14(d) Certifications.


(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.


a) Assurant Inc. as Sub-Contractor for EMC Mortgage Corporation  <F1>
b) Assurant Inc. as Sub-Contractor for Washington Mutual Bank  <F2>
c) Countrywide Home Loans Servicing LP, as Servicer <F1>
d) EMC Mortgage Corporation, as Servicer <F1>
e) LandAmerica Tax and Flood Services as Sub-Contractor for EMC Mortgage Corporation  <F1>
f) Treasury Bank, a division of Countrywide Bank, N.A., as Custodian <F1>
g) Washington Mutual Bank, as Servicer <F2>
h) Wells Fargo Bank, N.A., as Master Servicer <F1>
i) Wells Fargo Bank, N.A., as Securities Administrator <F1>
j) Wells Fargo Bank, N.A., as Custodian <F1>
(34) Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities.


a) Assurant Inc. as Sub-Contractor for EMC Mortgage Corporation  <F1>
b) Assurant Inc. as Sub-Contractor for Washington Mutual Bank  <F2>
c) Countrywide Home Loans Servicing LP, as Servicer <F1>
d) EMC Mortgage Corporation, as Servicer <F1>
e) LandAmerica Tax and Flood Services as Sub-Contractor for EMC Mortgage Corporation  <F1>
f) Treasury Bank, a division of Countrywide Bank, N.A., as Custodian <F1>
g) Washington Mutual Bank, as Servicer <F2>
h) Wells Fargo Bank, N.A., as Master Servicer <F1>
i) Wells Fargo Bank, N.A., as Securities Administrator <F1>
j) Wells Fargo Bank, N.A., as Custodian <F1>
(35) Servicer compliance statement.


a) Assurant Inc. as Sub-Contractor for EMC Mortgage Corporation  <F4>
b) Assurant Inc. as Sub-Contractor for Washington Mutual Bank  <F4>
c) Countrywide Home Loans Servicing LP, as Servicer <F1>
d) EMC Mortgage Corporation, as Servicer <F1>
e) LandAmerica Tax and Flood Services as Sub-Contractor for EMC Mortgage Corporation  <F4>
f) Treasury Bank, a division of Countrywide Bank, N.A., as Custodian <F4>
g) Washington Mutual Bank, as Servicer <F3>
h) Wells Fargo Bank, N.A., as Master Servicer <F1>
i) Wells Fargo Bank, N.A., as Securities Administrator <F1>
j) Wells Fargo Bank, N.A., as Custodian <F4>
(b) Not applicable.


(c) Omitted.


<F1> Filed herewith.
<F2> The Servicing Participant serviced less than 5% of the deal and is
not required under Regulation AB to provide such documentation.


<F3> The Servicing Participant serviced less than 10% of the deal and is
not required under Regulation AB to provide such documentation.


<F4> The Servicing Participant of the deal is not required under Regulation
AB to provide such documentation.