8-K

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, as amended

Date of Report (Date of earliest event reported):  June 20, 2003

CHEC FUNDING, LLC

(Exact name of Registrant as Specified in Charter)

Delaware

333-69800

75-2851805

(State or Other

(Commission

(IRS Employer

Jurisdiction of Incorporation)

File Number)

Identification No.)

2728 North Harwood Street, Dallas, Texas  75201

(Address of Principal Executive Offices)  (Zip Code)

Registrant’s telephone number, including area code: (214) 981-5000

              Not Applicable              

(Former Name or Former Address, if Changed Since Last Report)

Item 5.  Other Events.

Filing of Computational Materials.

Pursuant to Rule 424(b) under the Securities Act of 1933, as amended, CHEC Funding, LLC (the “Depositor”) will file a prospectus and prospectus supplement with the Securities and Exchange Commission relating to its Centex Home Equity Loan Trust 2003-B, Centex Home Equity Loan Asset-Backed Certificates, Series 2003-B (the “Certificates”).

In connection with the offering of the Certificates of the Depositor, Banc of America Securities LLC, prepared certain materials (the “Computational Materials”) some or all of which were distributed by Banc of America Securities LLC, Citigroup Global Markets Inc., Credit Suisse First Boston LLC, and Greenwich Capital Markets, Inc. (the “Underwriters”) to their potential investors.  Although the Depositor provided the Underwriters with certain information regarding the characteristics of the Home Equity Loans in the related portfolio, it did not participate in the preparation of the Computational Materials.  The Computational Materials are attached hereto as Exhibit 99.1.  

Item 7.

Financial statements, Pro Forma Financial Information and Exhibits.

(c)

Exhibits

Exhibit No.

99.1

Computational Materials.

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.

CHEC FUNDING, LLC

By:     /s/Jeffrey B. Upperman

Name:  Jeffrey B. Upperman

Title:    Vice President

Date:  June 20, 2003

EXHIBIT INDEX

Exhibit Number	Description	Sequentially Numbered Page
99.1	Computational Materials.

Exhibit 99.1

[Computational Material]

EX-99

Centex 2003-B
Current Balances greater than or equal to $500,000.00
LOAN	Current Balance	FICO	CLTV	Purpose	DOC	STATE
1	$500,000.00	644	76.34	Cashout Refi	Full	TX
2	$503,678.61	623	89.94	Cashout Refi	Full	KS
3	$517,650.00	621	86.28	Cashout Refi	Full	CA
4	$547,413.08	650	79.86	Purchase	Limited	VA
5	$565,000.00	526	81.88	R/T Refi	Full	MA
6	$615,000.00	690	79.87	Purchase	Full	OH
7	$660,858.09	588	83.65	Cashout Refi	Full	CO
8	$673,699.81	646	56.14	R/T Refi	Full	FL
9	$718,900.89	691	79.88	Cashout Refi	Full	NY
	Average Current Balance	W.A FICO	W.A CLTV
	$589,133.39	633	78.79
Global Structured Finance

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

EX-99

Centex 2003-B
Current Balances greater than $500,000
LOAN	Current Balance	FICO	CLTV	Purpose	DOC	STATE
1	$503,678.61	623	89.94	Cashout Refi	Full	KS
2	$517,650.00	621	86.28	Cashout Refi	Full	CA
3	$547,413.08	650	79.86	Purchase	Limited	VA
4	$565,000.00	526	81.88	R/T Refi	Full	MA
5	$615,000.00	690	79.87	Purchase	Full	OH
6	$660,858.09	588	83.65	Cashout Refi	Full	CO
7	$673,699.81	646	56.14	R/T Refi	Full	FL
8	$718,900.89	691	79.88	Cashout Refi	Full	NY
	Average Current Balance	W.A FICO	W.A CLTV
	$600,275.06	632	79.05
Global Structured Finance

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

EX-99

Centex 2003-B
FICO Scores Less than 600
		Number of	Current	Average	W.A.	W.A.						% of	% of	% of	% of
		Mortgage	Aggregate	Loan	Gross	Gross	W.A.	W.A.	% of	% of	% of	Manu.	Owner	Second	Invest.	% of
DOC	PURPOSE	Loans	Balance	Balance	Coupon	Margin	CLTV	DTI	PUD	2-4 Family	Condo	Housing	Occupied	Home	Property	1st Lien
Full	Cashout Refi	289	$18,506,731.57	$64,037.13	10.457	10.001	63.90%	37.46%	3.85%	0.00%	0.98%	0.22%	99.82%	0.18%	0.00%	98.31%
	Purchase	8	$559,119.65	$69,889.96	9.963	9.816	68.92%	40.40%	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	97.75%
	R/T Refi	80	$7,815,410.28	$97,692.63	9.878	9.811	72.33%	40.32%	7.89%	0.47%	6.27%	0.00%	99.53%	0.00%	0.47%	100.00%
Total:		377	$26,881,261.50	$71,303.08	10.278	9.929	66.46%	38.35%	4.94%	0.14%	2.50%	0.15%	99.74%	0.12%	0.14%	98.79%
Limited	Cashout Refi	6	$291,802.06	$48,633.68	10.723	10.445	60.54%	31.20%	8.56%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	100.00%
	R/T Refi	1	$104,776.75	$104,776.75	9.990	10.140	66.95%	43.01%	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%	0.00%	100.00%
Total:		7	$396,578.81	$56,654.12	10.530	10.343	62.24%	34.32%	6.30%	0.00%	26.42%	0.00%	100.00%	0.00%	0.00%	100.00%
Stated	Cashout Refi	22	$1,558,417.99	$70,837.18	10.858	10.727	54.18%	34.21%	1.60%	0.00%	12.32%	0.00%	100.00%	0.00%	0.00%	100.00%
	Purchase	1	$158,000.00	$158,000.00	9.550		54.83%	44.15%	100.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	100.00%
	R/T Refi	2	$125,151.04	$62,575.52	10.835	10.795	55.89%	21.98%	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	100.00%
Total:		25	$1,841,569.03	$73,662.76	10.744	10.734	54.35%	34.23%	9.94%	0.00%	10.43%	0.00%	100.00%	0.00%	0.00%	100.00%
Grand Total:		409	$29,119,409.34	$71,196.60	10.311	9.990	65.64%	38.03%	5.28%	0.13%	3.32%	0.14%	99.76%	0.11%	0.13%	98.88%
Global Structured Finance

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

EX-99

Centex 2003-B
FICO Scores Less than 600
	Number of	Current								1st	1st	2nd	2nd	3rd	3rd	Other
	Mortgage	Principal	W.A.	W.A.	% of	% of	% of	% of	% of	State	State	State	State	State	State	State
FICO	Loans	Balance	FICO	CLTV	1st Lien	Full Doc	Limited Doc	Stated Doc	ARMs	Conc.	Conc. %	Conc.	Conc. %	Conc.	Conc. %	Conc.
Not Available	28	1,184,233.43		64.55%	98.94%	90.71%	2.11%	7.18%	33.90%	Texas	27.49%	Pennsylvania	13.19%	Ohio	11.47%	47.86%
401 - 425	3	157,977.06	420	64.75%	100.00%	100.00%	0.00%	0.00%	79.17%	California	60.14%	Texas	20.83%	Ohio	19.04%	0.00%
426 - 450	26	2,061,593.80	440	66.09%	100.00%	88.29%	0.00%	11.71%	67.62%	Texas	25.20%	California	10.32%	Minnesota	9.86%	54.61%
451 - 475	101	7,542,425.29	465	65.60%	98.91%	97.24%	0.00%	2.76%	61.62%	California	19.64%	Texas	16.48%	Indiana	6.37%	57.50%
476 - 500	274	19,918,938.10	488	66.51%	98.84%	89.59%	3.85%	6.56%	69.37%	Texas	18.35%	California	8.81%	Michigan	7.10%	65.74%
501 - 525	823	67,281,336.54	514	76.56%	96.99%	90.61%	2.91%	6.48%	74.56%	Texas	15.48%	California	8.49%	Ohio	5.56%	70.46%
526 - 550	1,222	113,643,859.77	537	79.40%	96.68%	89.16%	4.88%	5.95%	76.90%	Texas	10.45%	California	10.19%	Ohio	6.16%	73.20%
551 - 575	1,056	97,520,324.81	563	79.81%	96.52%	84.74%	5.14%	10.12%	69.90%	California	13.47%	Texas	12.01%	Florida	5.81%	68.71%
576 - 599	1,011	94,817,330.18	588	79.88%	96.42%	85.09%	5.55%	9.35%	62.87%	California	15.16%	Texas	12.68%	Pennsylvania	6.27%	65.89%
Global Structured Finance

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

Centex 2003-B
Combined LTV greater than 80%
	Number of	Current							1st	1st	2nd	2nd	3rd	3rd	Other
	Mortgage	Principal	W.A.	% of	% of	% of	% of	% of	State	State	State	State	State	State	State
CLTV	Loans	Balance	FICO	1st Lien	Full Doc	Limited Doc	Stated Doc	ARMs	Conc.	Conc. %	Conc.	Conc. %	Conc.	Conc. %	Conc.
80.01 - 85.00	1,067	108,727,489.99	582	96.39%	84.60%	7.48%	7.92%	70.28%	California	14.80%	Michigan	6.23%	Florida	5.71%	73.26%
85.01 - 90.00	1,562	176,053,256.05	592	98.55%	95.10%	4.24%	0.66%	72.96%	California	15.02%	Ohio	7.04%	Florida	6.70%	71.24%
90.01 - 95.00	321	40,207,123.74	589	98.28%	94.92%	5.08%	0.00%	75.72%	Ohio	11.59%	California	11.44%	Tennessee	9.71%	67.26%
95.01 - 100.00	232	9,772,313.68	638	50.12%	96.84%	1.56%	1.60%	44.08%	Texas	10.33%	California	9.08%	Arizona	7.92%	72.68%
Global Structured Finance

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

EX-99

Centex 2003-B
Current Balances Less than or Equal to 75k
State Concentration
	Number	Stat	% of Stat
	of	Calc Date	Calc Date
	Home Equity	Loan	Loan
State	Loans	Balance	Balance
Texas	903	$41,078,222.45	23.01
Pennsylvania	249	$11,179,686.90	6.26
Florida	194	$8,808,471.89	4.93
Ohio	171	$8,457,978.06	4.74
Michigan	162	$7,928,530.18	4.44
Other	2,222	$101,082,701.32	56.62
Total:	3,901	$178,535,590.80	100.00
Zip Code Concentration
	Number	Stat	% of Stat
	of	Calc Date	Calc Date
	Home Equity	Loan	Loan
Zip Code	Loans	Balance	Balance
39466	9	$524,208.14	0.29
63136	10	$513,170.56	0.29
75227	7	$445,562.32	0.25
85706	6	$349,430.59	0.20
48234	7	$348,100.87	0.19
70601	7	$343,896.12	0.19
77053	6	$335,050.58	0.19
77033	8	$320,079.75	0.18
48219	5	$309,320.84	0.17
75020	7	$308,160.14	0.17
Other	3,829	$174,738,610.89	97.87
Total:	3,901	$178,535,590.80	100.00
Global Structured Finance

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

EX-99

Global Structured Finance
Centex 2003-B
PrePayment Penalty Strat
1. PrePayment Penalty Rule
	Number	Aggregate	Percent
	of	Current	of Loans
	Mortgage	Principal	by Principal
PrePayment Penalty Rule	Loans	Balance	Balance
0 months \No Prepayment Penalty	2,847	$218,863,820	31.27
6 months \6 months interest of upb	14	$636,366	0.09
12 months \1 % of upb	14	$1,671,396	0.24
12 months \2 % of upb	12	$790,995	0.11
12 months \3 % of upb	1	$85,495	0.01
12 months \4 % of upb	3	$104,083	0.01
12 months \5 % of upb	8	$574,623	0.08
12 months \6 months interest of upb	178	$21,319,444	3.05
24 months \1 % of upb	13	$1,427,528	0.20
24 months \2 % of upb	13	$1,477,245	0.21
24 months \3 % of upb	3	$391,460	0.06
24 months \5 % of upb	33	$2,978,554	0.43
24 months \6 months interest of upb	733	$93,724,078	13.39
30 months \6 months interest of upb	10	$915,083	0.13
36 months \1 % of upb	17	$1,466,373	0.21
36 months \2 % of upb	10	$950,805	0.14
36 months \3 % of upb	21	$2,542,925	0.36
36 months \5 % of upb	25	$2,107,529	0.30
36 months \6 months interest of upb	1,168	$128,503,548	18.36
42 months \6 months interest of upb	11	$1,071,485	0.15
48 months \6 months interest of upb	8	$1,196,570	0.17
60 months \1 % of upb	7	$1,024,122	0.15
60 months \2 % of upb	3	$222,348	0.03
60 months \3 % of upb	1	$74,864	0.01
60 months \5 % of upb	88	$8,681,377	1.24
60 months \6 months interest of upb	2,344	$207,178,086	29.60
Total:	7,585	$699,980,203	100.00
Banc of America Securities LLC

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

EX-99

Global Structured Finance
Centex 2003-B
PrePayment Penalty Strat
2/28 6 MO LIBOR ARMS
1. PrePayment Penalty Term
	Number	Aggregate	Percent
	of	Current	of Loans
	Mortgage	Principal	by Principal
PrePayment Penalty Term	Loans	Balance	Balance
0 months	818	$91,309,999	29.07
12 months	63	$10,406,391	3.31
24 months	706	$91,750,102	29.21
36 months	255	$28,350,544	9.03
42 months	5	$529,268	0.17
48 months	1	$146,554	0.05
60 months	911	$91,561,938	29.15
Total:	2,759	$314,054,796	100.00
Banc of America Securities LLC

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

Global Structured Finance
Centex 2003-B
PrePayment Penalty Strat
3/27 6 MO LIBOR ARMS
1. PrePayment Penalty Term
	Number	Aggregate	Percent
	of	Current	of Loans
	Mortgage	Principal	by Principal
PrePayment Penalty Term	Loans	Balance	Balance
0 months	43	$4,550,458	4.97
12 months	6	$1,053,260	1.15
24 months	14	$1,985,483	2.17
36 months	616	$72,320,543	78.92
42 months	1	$116,000	0.13
60 months	115	$11,611,975	12.67
Total:	795	$91,637,719	100.00
Banc of America Securities LLC

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The information cont ained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

EX-99

Centex 2003-B
California Breakdown
		% of
	Aggregate	Loans
	Current	by Principal
California Breakdown	Balance	Balance
Outside California	$606,405,644.64	86.63%
Southern California	$67,262,316.99	9.61%
Northern California	$26,312,241.52	3.76%
Total:	$699,980,203.15	100.00%
Global Structured Finance

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The information cont ained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

Centex 2003-B
ZIP Breakdown
		% of
	Aggregate	Loans
Top 20	Current	by Principal	Geographic
Zip Codes	Balance	Balance	Location
92563	$1,996,515.65	0.29%	Southern California
39466	$1,354,073.56	0.19%	Outside California
92139	$1,339,832.25	0.19%	Southern California
91977	$1,282,637.46	0.18%	Southern California
92592	$1,210,163.11	0.17%	Southern California
92508	$1,198,087.07	0.17%	Southern California
20120	$1,092,551.58	0.16%	Outside California
77581	$1,064,650.00	0.15%	Outside California
76248	$1,040,975.79	0.15%	Outside California
90638	$952,579.09	0.14%	Southern California
92807	$944,759.36	0.13%	Southern California
80211	$937,219.62	0.13%	Outside California
92057	$925,172.68	0.13%	Southern California
80013	$885,372.81	0.13%	Outside California
77489	$864,480.58	0.12%	Outside California
02155	$850,095.20	0.12%	Outside California
37920	$842,448.15	0.12%	Outside California
80134	$835,858.09	0.12%	Outside California
85086	$820,635.63	0.12%	Outside California
85706	$812,676.46	0.12%	Outside California
Other	$678,729,419.01	96.96%
Total:	$699,980,203.15	100.00%
Global Structured Finance

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The information cont ained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.

EX-99

All Information is Preliminary and Subject to Change
Transaction
Issuer	Centex Home Equity Loan Trust
Series	2003-B
Collateral	$700 Million of Home Equity Mortgage Loans
Servicer	Centex Home Equity Company LLC
Rating Agencies	S&P, Moody's and Fitch
Structure
Credit Support
1-	Excess Interest
2-	Overcollateralization
3-	Subordination
	Class	S&P	Moody's	Fitch	Cpn Type	Amount	Initial Size	Initial C/E	Stepdown C/E
	Seniors	AAA	Aaa	AAA	Fixed / Float	581,000,000	83.00%	17.00%	39.20%
	M-1	AA	Aa2	AA	Float	49,000,000	7.00%	10.00%	25.20%
	M-2	A	A2	A+	Float	36,750,000	5.25%	4.75%	14.70%
	M-3	BBB+	Baa1	BBB+	Float	22,750,000	3.25%	1.50%	8.20%
	B	BBB	Baa2	BBB	Float	10,500,000	1.50%	0.00%	5.20%
	OC Target	-	-	-	-	18,200,000	2.60%
	After the Stepdown Date the subordinates may receive principal payments
	Zero initial OC building to 2.60% of original pool balance
Trigger Event	A Trigger Event exists with respect to any Distribution Date on or after  the Stepdown Date if either:
	(i) The three-month rolling average of all loans that are 60+ days delinquent exceeds 40% of the Senior Enhancement Percentage
	(ii) During such period the Cumulative Realized Loss Percentage exceeds the values defined below:
	Distribution Dates				Cumulative Realized Loss Percentage
	July 2006 - June 2007				3.50% plus an additional 1/12th of 2.00% for each month thereafter
	July 2007 - June 2008				5.50% plus an additional 1/12th of 1.50% for each month thereafter
	July 2008 - June 2009				7.00% plus an additional 1/12th of 0.75% for each month thereafter
	July 2009 - June 2009				7.75% plus an additional 1/12th of 0.25% for each month thereafter
	July 2010 and afterwards				8.00%

Class B Loss Coverage
		Static LIBOR				Fwd LIBOR				Fwd LIBOR + 200
Run at Constant CDR	PPC	CDR	Cum Loss	Cum Default	WAL	CDR	Cum Loss	Cum Default	WAL	CDR	Cum Loss	Cum Default	WAL
	50	12.3%	18.6%	46.6%	17.78	11.7%	18.2%	45.4%	18.66	10.6%	17.1%	42.9%	19.88
	100	11.2%	11.4%	28.4%	12.11	10.4%	10.8%	26.9%	12.29	8.3%	9.0%	22.5%	13.23
	150	10.2%	7.5%	18.7%	8.74	9.3%	6.9%	17.2%	8.78	6.8%	5.2%	13.1%	9.22
	200	8.9%	4.9%	12.3%	6.56	8.1%	4.5%	11.2%	6.56	5.5%	3.1%	7.8%	6.81
		Static LIBOR				Fwd LIBOR				Fwd LIBOR + 200
Run using Default Curve	PPC	% of Default Curve	Cum Loss	Cum Default	WAL	% of Default Curve	Cum Loss	Cum Default	WAL	% of Default Curve	Cum Loss	Cum Default	WAL
	50	595%	17.8%	44.6%	22.47	585%	17.5%	43.9%	23.19	545%	16.4%	40.9%	23.94
	100	329%	9.9%	24.7%	12.73	307%	9.2%	23.0%	13.20	270%	8.1%	20.3%	13.84
	150	228%	6.3%	15.8%	6.68	211%	5.9%	14.8%	6.96	160%	4.7%	11.8%	7.92
	200	167%	3.9%	9.8%	4.75	154%	3.7%	9.2%	4.84	101%	2.7%	6.7%	5.50
	40% loss severity
	0 month lag in recoveries
	Trigger failing
	Run to maturity
	Defaults are in addition to prepayments
	PPC means 115 FRM PPC for Fixed Rate Loans, 28% CPR for ARM Loans

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the “material”), is for your private information and Banc of America Securities LLC (the “Underwriter”) is not soliciting any action based upon it.  This material is not to be construed as an offer to sell or the solicitation of any offer to buy  any security in any jurisdiction where such an offer or solicitation would be illegal.  This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may pertain to securities that ultimately are not s old.  The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein.  The Underwriter makes no representation regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options).  This material may be filed with the Securities and Exchange Commission (the “SEC”) and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertai n to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you.  This material is furnished solely by the Underwriter and not by the issuer of the securities.  The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material.  The Underwriter is acting as underwriter and not acting as agent for the issuer in connection with the pr oposed transaction.

EX-99

Transaction
Issuer	Centex Home Equity Loan Trust
Series	2003-B
Collateral	$700 Million of Fixed and Adjustable Home Equity Mortgage Loans
Servicer	Centex Home Equity Company, LLC
Rating Agencies	Moody's, Fitch and S&P
Structure
Credit Support
1-	Excess Interest
2-	Overcollateralization
3-	Subordination
	Class	Moody's	Fitch	S&P	Cpn Type	Amount	Initial Size	Initial C/E	Stepdown C/E
	Seniors	Aaa	AAA	AAA	Fix / Float	581,000,000	83.00%	17.00%	39.20%
	M-1	Aa2	AA	AA	Float	49,000,000	7.00%	10.00%	25.20%
	M-2	A2	A+	A	Float	36,750,000	5.25%	4.75%	14.70%
	M-3	Baa1	BBB+	BBB+	Float	22,750,000	3.25%	1.50%	8.20%
	B	Baa2	BBB	BBB	Float	10,500,000	1.50%	0.00%	5.20%
	OC Target	-	-	-	-	18,200,000	2.60%	-	-
	After the Stepdown Date the subordinates may receive principal payments
	Zero initial OC building to 2.60% of original pool balance
Trigger Event	A Trigger Event exists with respect to any Distribution Date on or after the Stepdown Date if either:
	(i) The Product of a) 40% and b) the Senior Enhancement Percentage equals or exceeds the 60+ day Delinquency Percentage
	(ii) during such period the Cumulative Realized Loss Percentage exceeds the values defined below:
	Distribution Dates		Cumulative Realized Loss Percentage
					Adjustable Pool
	June 2006 - May 2007				3.50% plus an additional 1/12th of 2.00% for each month thereafter
	June 2007 - May 2008				5.50% plus an additional 1/12th of 1.50% for each month thereafter
	June 2008 - May 2009				7.00% plus an additional 1/12th of 0.75% for each month thereafter
	June 2009 - May 2010				7.75% plus an additional 1/12th of 0.25% for each month thereafter
	June 2010 and afterwards				8.00% thereafter
Loss Coverage		First Principal Loss
		Static LIBOR			Forward LIBOR
	Class	CDR	Cum Loss	WAL	CDR	Cum Loss	WAL
	M-1	24.30%	19.3%	6.5%	23.60%	19.0%	6.6%
	M-2	16.70%	15.2%	8.2%	15.90%	14.7%	8.3%
	M-3	12.70%	12.5%	10.1%	11.70%	11.8%	10.2%
	B	11.10%	11.3%	12.2%	10.36%	10.7%	12.4%
	40% loss severity
	12 month lag in recoveries
	Trigger failing
	Run to maturity
	Defaults are in addition to prepayments
	Prepayments at Pricing Speed (115 PPC for Group I and 28 CPR for Group II)

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the “material”), is for your private information and Banc of America Securities LLC (the “Underwriter”) is not soliciting any action based upon it.  This material is not to be construed as an offer to sell or the solicitation of any offer to buy  any security in any jurisdiction where such an offer or solicitation would be illegal.  This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may pertain to securities that ultima tely are not sold.  The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein.  The Underwriter makes no representation regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options).  This material may be filed with the Securities and Exchange Commission (the “SEC”) and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material d oes not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you.  This material is furnished solely by the Underwriter and not by the issuer of the securities.  The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material.  The Underwriter is acting as underwriter and not acting as agent for the issuer in connecti on with the proposed transaction.

Issuer	Centex Home Equity Loan Trust, Series 2003-B
Excess Spread
		Static	Forward	Forward	Forward	Forward			Static	Forward	Forward	Forward	Forward
Period	Paydate	XS Spread	XS Spread	1m LIBOR	6m LIBOR	12m LIBOR	Period	Paydate	XS Spread	XS Spread	1m LIBOR	6m LIBOR	12m LIBOR
1	7/25/2003	424	424	1.32	1.23	1.24	43	1/25/2007	584	604	3.53	3.71	3.89
2	8/25/2003	423	427	1.26	1.21	1.25	44	2/25/2007	583	601	3.59	3.76	3.94
3	9/25/2003	428	432	1.26	1.20	1.28	45	3/25/2007	595	624	3.65	3.82	4.00
4	10/25/2003	439	446	1.19	1.19	1.30	46	4/25/2007	582	602	3.70	3.88	4.05
5	11/25/2003	438	448	1.16	1.20	1.34	47	5/25/2007	585	612	3.77	3.93	4.10
6	12/25/2003	447	458	1.15	1.21	1.38	48	6/25/2007	580	602	3.82	3.99	4.15
7	1/25/2004	447	454	1.21	1.24	1.43	49	7/25/2007	583	606	3.87	4.05	4.20
8	2/25/2004	452	460	1.19	1.29	1.47	50	8/25/2007	578	593	3.93	4.10	4.24
9	3/25/2004	464	471	1.20	1.35	1.52	51	9/25/2007	579	594	3.98	4.16	4.28
10	4/25/2004	460	464	1.26	1.41	1.57	52	10/25/2007	584	604	4.04	4.21	4.32
11	5/25/2004	467	473	1.23	1.47	1.62	53	11/25/2007	580	597	4.09	4.27	4.36
12	6/25/2004	467	466	1.34	1.54	1.68	54	12/25/2007	585	606	4.15	4.32	4.40
13	7/25/2004	474	464	1.50	1.60	1.73	55	1/25/2008	580	594	4.20	4.37	4.43
14	8/25/2004	472	460	1.54	1.64	1.80	56	2/25/2008	580	591	4.26	4.39	4.47
15	9/25/2004	475	461	1.58	1.68	1.87	57	3/25/2008	588	610	4.31	4.41	4.50
16	10/25/2004	481	465	1.62	1.72	1.95	58	4/25/2008	579	592	4.36	4.42	4.54
17	11/25/2004	478	460	1.66	1.76	2.02	59	5/25/2008	583	602	4.41	4.44	4.57
18	12/25/2004	483	464	1.70	1.80	2.10	60	6/25/2008	578	592	4.46	4.45	4.60
19	1/25/2005	480	458	1.74	1.84	2.19	61	7/25/2008	582	608	4.31	4.46	4.63
20	2/25/2005	481	457	1.78	1.94	2.27	62	8/25/2008	578	596	4.36	4.51	4.67
21	3/25/2005	504	487	1.81	2.04	2.36	63	9/25/2008	577	595	4.40	4.55	4.70
22	4/25/2005	505	492	1.85	2.15	2.44
23	5/25/2005	527	523	1.89	2.26	2.53
24	6/25/2005	531	529	1.93	2.38	2.62
25	7/25/2005	532	511	2.33	2.51	2.72
26	8/25/2005	527	500	2.39	2.57	2.79
27	9/25/2005	524	499	2.46	2.64	2.86
28	10/25/2005	526	508	2.53	2.70	2.93
29	11/25/2005	521	508	2.59	2.76	3.00
30	12/25/2005	527	520	2.66	2.83	3.07
31	1/25/2006	523	510	2.72	2.89	3.14
32	2/25/2006	523	508	2.78	2.97	3.21
33	3/25/2006	539	537	2.84	3.04	3.28
34	4/25/2006	530	527	2.90	3.11	3.35
35	5/25/2006	538	546	2.96	3.19	3.41
36	6/25/2006	535	544	3.02	3.26	3.48
37	7/25/2006	591	596	3.16	3.34	3.55
38	8/25/2006	585	583	3.22	3.40	3.61
39	9/25/2006	588	590	3.28	3.46	3.67
40	10/25/2006	593	604	3.35	3.52	3.72
41	11/25/2006	587	604	3.41	3.58	3.78
42	12/25/2006	590	614	3.47	3.65	3.84
Run at 115 PPC for the Group I Loans and 28 CPR for the Group II Loans

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the “material”), is for your private information and Banc of America Securities LLC (the “Underwriter”) is not soliciting any action based upon it.  This material is not to be construed as an offer to sell or the solicitation of any offer to buy  any security in any jurisdiction where such an offer or solicitation would be illegal.  This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may pertain to securities that ultima tely are not sold.  The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein.  The Underwriter makes no representation regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options).  This material may be filed with the Securities and Exchange Commission (the “SEC”) and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material d oes not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you.  This material is furnished solely by the Underwriter and not by the issuer of the securities.  The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material.  The Underwriter is acting as underwriter and not acting as agent for the issuer in connecti on with the proposed transaction.

EX-99

1. Current Balance Less Than Or Equal To 75k
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
Current Balance Less Than Or Equal To 75k	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
1 - 25,000	482	9,549,435.54	5.35	10.683	243	589	29.15	69.54	35.56	0.71%	1.94%	0.44%	8.65%	87.24%	1.02%	93.68%	1.44%	4.88%
25,001 - 50,000	1,824	69,846,097.52	39.12	9.698	291	579	58.95	69.49	34.41	0.66	1.16	1.56	2.7	92.68	1.24	88.94	3.27	7.8
50,001 - 75,000	1,595	99,140,057.74	55.53	8.921	326	583	74.47	76.84	36.25	0.78	2.08	1.86	2.99	90.54	1.75	88.89	4.16	6.95
Total:	3,901	178,535,590.80	100	9.319	308	582	65.98	73.58	35.49	0.73%	1.71%	1.67%	3.18%	91.20%	1.51%	89.16%	3.67%	7.17%

2. Current Balance Greater Than Or Equal To 400k
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
Current Balance Greater Than Or Equal To 400k	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
400,000 - 499,999	16	6,979,198.30	56.83	7.352	357	617	82.84	82.84	42.22	0.00%	0.00%	0.00%	26.10%	73.90%	0.00%	94.27%	5.73%	0.00%
500,000 - 599,999	5	2,633,741.69	21.44	6.848	358	611	82.86	82.86	42.18	0	0	0	20.78	79.22	0	79.22	20.78	0
600,000 - 699,999	3	1,949,557.90	15.87	7.331	357	640	73.06	73.06	43.43	0	0	0	31.55	68.45	0	100	0	0
700,000 - 799,999	1	718,900.89	5.85	7.375	357	691	80	80	45.34	0	0	0	0	100	0	100	0	0
Total:	25	12,281,398.78	100	7.242	357	624	81.12	81.12	42.59	0.00%	0.00%	0.00%	24.30%	75.70%	0.00%	92.29%	7.71%	0.00%

3. Non Full Documentation
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
Non Full Documentation	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
Limited Documentation	361	45,452,427.48	40.22	8.231	332	611	75.25	76.92	33.08	1.32%	1.90%	0.14%	10.77%	85.17%	0.70%	0.00%	100.00%	0.00%
Stated Documentation	625	67,555,781.99	59.78	8.5	341	603	70.59	70.69	37.23	1.66	3.05	0.07	7.53	86.89	0.8	0	0	100
Total:	986	113,008,209.47	100	8.392	337	606	72.46	73.19	35.56	1.52%	2.58%	0.10%	8.84%	86.20%	0.76%	0.00%	40.22%	59.78%

4. 2nd Lien Position
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
2nd Lien Position	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
2	769	24,508,570.59	100	10.772	244	594	19.08	79.97	40.34	1.34%	1.65%	0.07%	11.47%	84.01%	1.46%	93.19%	5.98%	0.83%
Total:	769	24,508,570.59	100	10.772	244	594	19.08	79.97	40.34	1.34%	1.65%	0.07%	11.47%	84.01%	1.46%	93.19%	5.98%	0.83%

5. Credit Score Below 600
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
Credit Score Below 600	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
0	28	1,184,233.43	0.29	10.48	315	0	63.95	64.8	34.44	0.00%	0.00%	0.00%	9.08%	90.92%	0.00%	90.71%	2.11%	7.18%
401 - 420	1	32,900.00	0.01	12	359	403	70	70	27.36	0	0	0	0	100	0	100	0	0
421 - 440	13	1,203,572.92	0.3	10.429	358	434	67.61	67.61	38.52	0	16.74	0	6.54	65.5	11.22	90.15	0	9.85
441 - 460	42	3,094,110.35	0.77	10.523	343	453	65.86	65.86	37.87	0	10.21	0	7.01	82.77	0	93.44	0	6.56
461 - 480	115	8,302,443.54	2.05	10.297	346	472	65.04	65.24	38.6	0.45	0	0	5.78	93.77	0	94.79	0.54	4.67
481 - 500	233	17,047,907.44	4.22	10.184	347	490	65.99	66.77	38.16	0	2.64	0.24	3.83	92.77	0.52	89.63	4.23	6.14
501 - 520	643	53,677,297.20	13.28	9.708	344	511	75.31	76.78	39.51	0	0.91	0.81	6.74	89.96	1.57	91.68	2.33	5.99
521 - 540	950	87,559,093.91	21.67	9.2	344	532	77.51	79.09	39.64	0.78	2.64	0.76	5.07	88.67	2.08	89.15	5.29	5.56
541 - 560	897	81,012,114.17	20.05	9.045	342	551	77.32	79.37	38.19	0.34	2.45	0.8	8.33	87.01	1.08	86.72	5.55	7.73
561 - 580	806	74,501,645.84	18.44	8.526	337	571	77.68	79.97	38.74	0.63	3.33	0.88	6.24	87.76	1.16	84.29	4.48	11.23
581 - 600	816	76,512,700.18	18.93	8.261	337	590	77.79	79.99	39.04	1.73	2.96	0.57	7.18	86.17	1.39	85.33	5.32	9.35
Total:	4,544	404,128,018.98	100	9.016	341	547	76.36	78.19	38.93	0.69%	2.60%	0.71%	6.55%	88.04%	1.41%	87.56%	4.60%	7.85%

6. Combined Original LTV Greater Than 80%
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
Combined Original LTV Greater Than 80%	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
80.01 - 85.00	1,069	108,947,784.88	32.49	8.41	341	582	81.3	83.62	39.11	0.79%	3.33%	0.80%	5.39%	88.67%	1.02%	84.55%	7.46%	7.99%
85.01 - 90.00	1,564	176,214,057.47	52.55	8.241	348	592	87.89	88.91	40.55	0	1.95	0.18	9.61	87.31	0.96	95.11	4.24	0.65
90.01 - 95.00	324	40,392,780.08	12.05	7.837	349	589	90.75	92.12	41.39	0	1.37	0	9.03	88.27	1.33	94.94	5.06	0
95.01 - 100.00	232	9,772,313.68	2.91	9.558	292	638	59.24	99.92	42.67	0	0.44	0	15.73	83.82	0	96.84	1.56	1.6
Total:	3,189	335,326,936.11	100	8.285	344	590	85.26	87.9	40.24	0.26%	2.28%	0.35%	8.35%	87.77%	0.99%	91.71%	5.31%	2.99%

7. Coupon Rates Greater Than 10%
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
Coupon Rates Greater Than 10%	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
10.001 - 10.500	423	26,960,456.20	28	10.337	324	544	70.38	75.89	38.5	1.77%	1.50%	0.62%	4.04%	91.70%	0.38%	85.82%	5.04%	9.15%
10.501 - 11.000	570	32,754,790.49	34.01	10.832	322	546	65.81	73.77	37.76	0.81	3.02	0.83	6.25	88.01	1.08	83.97	6.33	9.7
11.001 - 11.500	230	12,731,888.73	13.22	11.291	324	536	62.62	72.1	38.04	0.75	0.81	1.13	5.23	91.07	1	89.44	5.16	5.4
11.501 - 12.000	296	13,270,514.32	13.78	11.837	319	536	55.45	71.58	37.6	1.13	1.13	0.48	5.53	90.31	1.42	91.68	2.59	5.73
12.001 - 12.500	165	7,640,611.37	7.93	12.259	313	536	52.47	69.32	36.88	0.23	0.58	0.22	10.92	88.05	0	88.58	4.45	6.98
12.501 - 13.000	63	2,052,654.69	2.13	12.845	268	572	28.59	81.43	40.53	0	2.57	0	8.7	88.18	0.55	93.33	6.67	0
13.001 - 13.500	18	458,039.63	0.48	13.3	260	576	27.27	77.97	40.15	6	5.42	0	5.46	79.31	3.81	72.07	0	27.93
13.501 - 14.000	13	343,932.72	0.36	13.832	261	569	25.54	79.82	38.51	0	0	0	0	100	0	86.3	0	13.7
14.001 - 14.500	2	84,687.44	0.09	14.263	276	546	12.47	83.44	38.45	0	0	0	0	100	0	100	0	0
Total:	1,780	96,297,575.59	100	11.074	320	542	63.01	73.7	37.99	1.07%	1.84%	0.69%	5.79%	89.78%	0.83%	86.80%	5.10%	8.10%

8. Credit Grade B-, C and Below
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
Credit Grade B-, C and Below	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
C1	742	55,228,718.78	62.48	9.915	346	526	69.82	70.5	37.83	0.25%	2.55%	0.07%	5.75%	90.75%	0.63%	89.23%	4.40%	6.37%
C2	326	26,396,076.02	29.86	10.363	352	528	68.38	68.45	38.7	0.82	2.41	0	5.64	89.94	1.19	99.2	0.28	0.52
D	84	6,768,943.36	7.66	11.533	346	511	63.79	63.79	38.3	0	0	0	9.84	88.16	1.99	100	0	0
Total:	1,152	88,393,738.16	100	10.173	348	525	68.93	69.37	38.13	0.40%	2.32%	0.05%	6.03%	90.31%	0.90%	93.03%	2.83%	4.14%

9. Gross Margin Greater Than 10%
	Number	Stat	% of Stat
	of	Calc Date	Calc Date		W.A.							% of			% of	% of	% of	% of
	Home Equity	Loan	Loan	W.A.	Remaining	W.A.	W.A.	W.A.	W.A.	% of	% of	Manu.	% of	% of	Town	Full	Limited	Stated
Gross Margin Greater Than 10%	Loans	Balance	Balance	RATE	Term	FICO	OLTV	OCLTV	DTI	2-4 Family	Condo	Hous.	PUD	SFR	House	Doc	Doc	Doc
10.001 - 10.500	335	29,712,129.97	48	10.019	357	534	76.88	76.88	38.51	1.46%	2.75%	1.00%	4.75%	89.74%	0.30%	84.06%	7.03%	8.92%
10.501 - 11.000	242	16,784,227.88	27.12	10.576	357	532	74.21	74.21	36.94	0.31	1.49	0.68	2.65	93.75	1.12	81.79	4.89	13.32
11.001 - 11.500	139	11,259,547.19	18.19	10.986	357	531	73.01	73.01	39.16	0	6.8	1.01	8.03	83.35	0.81	85.63	5.36	9.02
11.501 - 12.000	34	3,740,627.36	6.04	11.434	357	534	78.54	78.54	37.48	2.57	0	1.71	6.62	89.11	0	82.25	4.02	13.74
12.001 - 12.500	2	300,488.96	0.49	11.476	358	523	70.32	70.32	48.69	12.81	0	0	0	87.19	0	100	0	0
12.501 - 13.000	1	54,929.89	0.09	13.45	350	536	52.38	52.38	44.68	0	0	0	0	100	0	0	0	100
13.501 - 14.000	1	47,125.00	0.08	13.65	359	588	65	65	44.16	0	0	0	0	100	0	0	0	100
Total:	754	61,899,076.25	100	10.444	357	533	75.49	75.49	38.2	1.00%	2.96%	0.95%	4.86%	89.63%	0.59%	83.56%	5.91%	10.53%

This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information, and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete, and it should not be relied upon as such. By accepting this material, the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The in formation contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions, or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and/or buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC"), and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultim ately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not as an agent for the issuer in connection with the proposed transaction.