FWP 1 termsheet.htm TERMSHEET

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-130536-13

 

 

 

The asset-backed securities referred to in these materials, and the asset pools backing them, are subject to modification or revision (including the possibility that one or more classes of securities may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these securities, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have confirmed the allocation of securities to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

Because the asset-backed securities are being offered on a “when, as and if issued” basis, any such contract will terminate, by its terms, without any further obligation or liability between us, if the securities themselves, or the particular class to which the contract relates, are not issued. Because the asset-backed securities are subject to modification or revision, any such contract also is conditioned upon the understanding that no material change will occur with respect to the relevant class of securities prior to the closing date. If a material change does occur with respect to such class, our contract will terminate, by its terms, without any further obligation or liability between us (the “Automatic Termination”). If an Automatic Termination occurs, we will provide you with revised offering materials reflecting the material change and give you an opportunity to purchase such class. To indicate your interest in purchasing the class, you must communicate to us your desire to do so within such timeframe as may be designated in connection with your receipt of the revised offering materials.

 

MBS New Issue - Term Sheet Additional Disclosure

 

Mortgage Pass-Through Certificates, Series 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

Banc of America Funding Corporation

Depositor

 

Bank of America, National Association

Sponsor

 

Wells Fargo Bank, N.A.

Securities Administrator and Master Servicer

 

U.S. Bank National Association

Trustee and Custodian

 

 

November 20, 2006

 

 

Banc of America Securities LLC

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

DISCLAIMER

 

This free writing prospectus is being delivered to you solely to provide you with information about the offering of the securities referred to in this free writing prospectus and to solicit an offer to purchase the securities, when, as and if issued. Any such offer to purchase made by you will not be accepted and will not constitute a contractual commitment by you to purchase any of the securities until we have accepted your offer to purchase securities. You may withdraw your offer to purchase securities at any time prior to our acceptance of your offer.

 

The information in this free writing prospectus supersedes information contained in any prior similar free writing prospectus relating to these securities prior to the time of your commitment to purchase.

 

This free writing prospectus is not an offer to sell or solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted.

 

IRS CIRCULAR 230 NOTICE

 

 

 

THIS FREE WRITING PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS FREE WRITING PROSPECTUS IS WRITTEN AND PROVIDED BY THE UNDERWRITER IN CONNECTION WITH THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.

 

 

 

 

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW THIS DOCUMENT ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

 

 

 

 

 

 

 

 

Banc of America Securities LLC

2

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

Table of Contents

 

 

 

Ø

BAFC 2006-I Replines (Group 6)

pg. 4

 

 

Ø

Assumptions Relating to Decrement Tables

pg. 6

 

 

Ø

Decrement Tables

pg. 7

 

 

Ø

Historical Values of One-Month LIBOR,

 

One-Year LIBOR and LAMA

pg. 15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banc of America Securities LLC

3

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

BAFC 2006-I Replines (Group 6A)

 

 

Group

Cut-Off
Unpaid
Principal
Balance

Current
Mortgage
Interest
Rate

Current Net
Mortgage
Interest
Rate

Cut-Off
Remaining
Term to
Stated
Maturity

Loan
Age

Gross
Margin

Rate
Ceiling

Rate
Floor

Cut-Off
Months
to Roll

Payment
Reset
Frequency

Maximum Amount
Negative
Amortization (%)

Original
Monthly
Scheduled
Principal
and Interest
Payment ($)

Initial Recast
Period
(Months)

6a

81,533,158.15

7.2025992890

6.8275992890

357

3

2.4525992890

10.1728161870

2.4525992890

1

12

115

273,015.53

60

6a

71,636,320.90

2.6850561841

2.3100561841

357

3

2.8112428110

10.1233947695

2.8112428110

1

12

115

274,404.63

60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banc of America Securities LLC

4

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

BAFC 2006-I Replines (Group 6B and 6C)

 

Group

Cut-Off
Unpaid
Principal
Balance

Current
Mortgage
Interest
Rate

Current Net
Mortgage
Interest
Rate

Cut-Off
Remaining
Term to
Stated
Maturity

Loan
Age

Initial
Rate Cap

Periodic
Rate Cap

Gross
Margin

Rate
Ceiling

Rate
Floor

Original
Interest
Only Term

Cut-Off
Months
to Roll

Payment
Reset
Frequency

6b

368,000.00

5.1250000000

4.7500000000

345

15

2.0000000000

2.0000000000

2.2500000000

11.1250000000

2.2500000000

36

21

12

6b

526,400.00

6.5000000000

6.1250000000

354

6

2.0000000000

2.0000000000

2.2500000000

12.5000000000

2.2500000000

36

30

12

6b

267,998.04

5.8750000000

5.5000000000

356

4

2.0000000000

2.0000000000

2.2500000000

11.8750000000

2.2500000000

36

32

12

6b

1,038,349.00

5.4717575690

5.0967575690

359

1

2.0000000000

2.0000000000

2.2500000000

11.4717575690

2.2500000000

36

35

12

6b

4,502,000.00

6.4492447801

6.0742447801

360

0

2.0000000000

2.0000000000

2.2500000000

12.4492447801

2.2500000000

36

36

12

6b

899,148.02

6.2875573006

5.9125573006

359

1

2.0000000000

2.0000000000

2.2500000000

12.2875573006

2.2500000000

0

35

12

6b

231,680.09

7.3750000000

7.0000000000

477

3

2.0000000000

2.0000000000

2.2500000000

13.3750000000

2.2500000000

0

33

12

6b

389,721.88

6.4762124852

6.1012124852

478

2

2.0000000000

2.0000000000

2.2500000000

12.4762124852

2.2500000000

0

34

12

6b

569,775.10

6.8750000000

6.5000000000

479

1

2.0000000000

2.0000000000

2.2500000000

12.8750000000

2.2500000000

0

35

12

6c

1,073,650.00

5.1509570158

4.9009570158

346

14

5.0000000000

2.0000000000

2.2500000000

10.1509570158

2.2500000000

60

46

12

6c

929,100.00

5.6676487999

5.4176487999

347

13

5.0000000000

2.0000000000

2.2500000000

10.6676487999

2.2500000000

60

47

12

6c

434,000.00

5.6250000000

5.3750000000

350

10

5.0000000000

2.0000000000

2.2500000000

10.6250000000

2.2500000000

60

50

12

6c

178,320.00

6.2500000000

6.0000000000

356

4

5.0000000000

2.0000000000

2.2500000000

11.2500000000

2.2500000000

60

56

12

6c

50,606,476.07

6.3440400374

6.0940400374

358

2

5.0000000000

2.0000000000

2.2500000000

11.3440400374

2.2500000000

60

58

12

6c

156,838,781.16

6.2640574582

6.0140574582

359

1

5.0000000000

2.0000000000

2.2500000000

11.2640574582

2.2500000000

60

59

12

6c

152,235,755.00

6.2116682732

5.9616682732

360

0

5.0000000000

2.0000000000

2.2500000000

11.2116682732

2.2500000000

60

60

12

6c

213,154.74

5.6250000000

5.3750000000

344

16

5.0000000000

2.0000000000

2.2500000000

10.6250000000

2.2500000000

0

44

12

6c

265,099.97

5.1250000000

4.8750000000

345

15

5.0000000000

2.0000000000

2.2500000000

10.1250000000

2.2500000000

0

45

12

6c

109,701.94

5.5000000000

5.2500000000

348

12

5.0000000000

2.0000000000

2.2500000000

10.5000000000

2.2500000000

0

48

12

6c

374,922.03

6.2500000000

6.0000000000

351

9

5.0000000000

2.0000000000

2.2500000000

11.2500000000

2.2500000000

0

51

12

6c

464,857.29

5.9371836112

5.6871836112

353

7

5.0000000000

2.0000000000

2.2500000000

10.9371836112

2.2500000000

0

53

12

6c

366,193.27

6.1250000000

5.8750000000

355

5

5.0000000000

2.0000000000

2.2500000000

11.1250000000

2.2500000000

0

55

12

6c

2,012,764.72

6.8965989428

6.6465989428

358

2

5.0000000000

2.0000000000

2.2500000000

11.8965989428

2.2500000000

0

58

12

6c

5,318,576.24

6.3096377255

6.0596377255

359

1

5.0000000000

2.0000000000

2.2500000000

11.3096377255

2.2500000000

0

59

12

6c

5,096,900.00

6.1488797112

5.8988797112

360

0

5.0000000000

2.0000000000

2.2500000000

11.1488797112

2.2500000000

0

60

12

6c

3,048,227.89

6.0671377875

5.8171377875

473

7

5.0000000000

2.0000000000

2.2500000000

11.0671377875

2.2500000000

0

53

12

6c

1,483,265.84

6.5372591175

6.2872591175

474

6

5.0000000000

2.0000000000

2.2500000000

11.5372591175

2.2500000000

0

54

12

6c

2,168,602.91

6.3066968107

6.0566968107

475

5

5.0000000000

2.0000000000

2.2500000000

11.3066968107

2.2500000000

0

55

12

6c

1,429,106.25

6.3886150724

6.1386150724

476

4

5.0000000000

2.0000000000

2.2500000000

11.3886150724

2.2500000000

0

56

12

6c

1,669,962.47

6.5262544718

6.2762544718

477

3

5.0000000000

2.0000000000

2.2500000000

11.5262544718

2.2500000000

0

57

12

6c

3,281,945.57

6.6677438400

6.4177438400

478

2

5.0000000000

2.0000000000

2.2500000000

11.6677438400

2.2500000000

0

58

12

6c

5,000,383.19

6.6375516771

6.3875516771

479

1

5.0000000000

2.0000000000

2.2500000000

11.6375516771

2.2500000000

0

59

12

6c

576,000.00

6.1996527778

5.9496527778

480

0

5.0000000000

2.0000000000

2.2500000000

11.1996527778

2.2500000000

0

60

12

6c

223,932.52

7.2500000000

7.0000000000

357

3

5.0000000000

2.0000000000

2.2500000000

12.2500000000

2.2500000000

0

50

12

 

 

Banc of America Securities LLC

5

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

Assumptions Relating to Decrement Tables

 

The tables set forth on the following pages have been prepared on the basis of the

following assumptions (the “Modeling Assumptions”):

 

(a) Loan Group 6 consists of the hypothetical mortgage loans whose characteristics are presented in the replines on the previous pages;

 

(b) there are no Net Interest Shortfalls, Relief Act Reductions, delinquencies or Realized Losses with

respect to the Group 6 Mortgage Loans;

 

(c) scheduled payments of principal and interest with respect to the Group 6 Mortgage Loans are received on the applicable due date beginning on December 1, 2006;

 

(d) prepayments are received, together with a 30 days’ interest thereon, on the last day of each month

beginning in November 2006;

 

(e) the Group 6 Mortgage Loans prepay at the indicated percentages of PPC;

 

(f) optional repurchase of all of the Group 6 Mortgage Loans does not occur;

 

(g) no Group 6 Mortgage Loans are required to be repurchased from the Issuing Entity and no Group 6 Mortgage Loans are substituted for the Group 6 Mortgage Loans included in the Issuing Entity on the Closing Date;

 

(h) the Overcollateralized Certificates are issued on the Closing Date;

 

(i) cash payments on the Certificates are received on the 20th day of each month beginning in December 2006 in accordance with the priorities and amounts described in the Term Sheet;

 

(j) One-Month LIBOR remains constant at 5.320% per annum;

 

(k) One-Year LIBOR remains constant at 5.336% per annum; and

 

(l) LAMA index remains constant at 4.964% per annum.

 

 

 

Banc of America Securities LLC

6

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

 

Percentage of Initial Class Balance Outstanding
at the Respective Percentages of PPC Set Forth Below:
Class 6-A-1 and Class 6-A-2

Distribution Date

0%

50%

100%

150%

200%

Initial Percentage

100

100

100

100

100

November 20, 2007

100

90

79

68

56

November 20, 2008

100

79

59

44

32

November 20, 2009

100

67

43

26

15

November 20, 2010

100

57

31

17

9

November 20, 2011

100

48

23

10

4

November 20, 2012

100

37

13

4

1

November 20, 2013

100

31

9

2

*

November 20, 2014

99

25

6

1

0

November 20, 2015

97

21

4

*

0

November 20, 2016

95

17

3

0

0

November 20, 2017

93

14

2

0

0

November 20, 2018

90

12

1

0

0

November 20, 2019

88

9

1

0

0

November 20, 2020

85

8

*

0

0

November 20, 2021

82

6

*

0

0

November 20, 2022

79

5

0

0

0

November 20, 2023

75

4

0

0

0

November 20, 2024

72

3

0

0

0

November 20, 2025

68

3

0

0

0

November 20, 2026

63

2

0

0

0

November 20, 2027

59

1

0

0

0

November 20, 2028

54

1

0

0

0

November 20, 2029

48

1

0

0

0

November 20, 2030

43

*

0

0

0

November 20, 2031

37

*

0

0

0

November 20, 2032

31

*

0

0

0

November 20, 2033

24

0

0

0

0

November 20, 2034

17

0

0

0

0

November 20, 2035

9

0

0

0

0

November 20, 2036

2

0

0

0

0

November 20, 2037

2

0

0

0

0

November 20, 2038

1

0

0

0

0

November 20, 2039

1

0

0

0

0

November 20, 2040

1

0

0

0

0

November 20, 2041

1

0

0

0

0

November 20, 2042

1

0

0

0

0

November 20, 2043

*

0

0

0

0

November 20, 2044

*

0

0

0

0

November 20, 2045

0

0

0

0

0

 

 

 

 

 

 

Weighted Average Life to

 

 

 

 

 

Maturity (in years)(1)

21.65

5.93

3.22

2.20

1.65

(1) The weighted average life of a class of Certificates is determined by (i) multiplying the amount of each distribution in reduction of the class balance by the number of years from the date of issuance of such class to the related Distribution date, (ii) adding the results and (iii) dividing the sum by the initial class balance.

 

*Less than 0.5%, but greater than Zero.

 

 

Banc of America Securities LLC

7

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

 

Percentage of Initial Class Balance Outstanding

 

at the Respective Percentages of PPC Set Forth Below:

 

Class M-1

Distribution Date

0%

50%

100%

150%

200%

Initial Percentage

100

100

100

100

100

November 20, 2007

100

100

100

100

100

November 20, 2008

100

100

100

100

100

November 20, 2009

100

100

100

100

100

November 20, 2010

100

100

65

36

19

November 20, 2011

100

100

47

21

4

November 20, 2012

100

78

27

0

0

November 20, 2013

100

64

18

0

0

November 20, 2014

100

53

12

0

0

November 20, 2015

100

44

2

0

0

November 20, 2016

100

36

0

0

0

November 20, 2017

100

30

0

0

0

November 20, 2018

100

24

0

0

0

November 20, 2019

100

20

0

0

0

November 20, 2020

100

16

0

0

0

November 20, 2021

100

13

0

0

0

November 20, 2022

100

11

0

0

0

November 20, 2023

100

3

0

0

0

November 20, 2024

100

0

0

0

0

November 20, 2025

100

0

0

0

0

November 20, 2026

100

0

0

0

0

November 20, 2027

100

0

0

0

0

November 20, 2028

100

0

0

0

0

November 20, 2029

100

0

0

0

0

November 20, 2030

90

0

0

0

0

November 20, 2031

78

0

0

0

0

November 20, 2032

65

0

0

0

0

November 20, 2033

51

0

0

0

0

November 20, 2034

35

0

0

0

0

November 20, 2035

19

0

0

0

0

November 20, 2036

0

0

0

0

0

 

 

 

 

 

 

Weighted Average Life to

 

 

 

 

 

Maturity (in years)(1)

26.88

9.41

5.16

3.91

3.55

 

 

 

 

 

 

(1) The weighted average life of a class of Certificates is determined by (i) multiplying the amount of each distribution in reduction of the class balance by the number of years from the date of issuance of such class to the related Distribution date, (ii) adding the results and (iii) dividing the sum by the initial class balance.

 

 

 

Banc of America Securities LLC

8

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

Percentage of Initial Class Balance Outstanding

 

at the Respective Percentages of PPC Set Forth Below:

 

Class M-2

Distribution Date

0%

50%

100%

150%

200%

Initial Percentage

100

100

100

100

100

November 20, 2007

100

100

100

100

100

November 20, 2008

100

100

100

100

100

November 20, 2009

100

100

100

100

100

November 20, 2010

100

100

65

36

19

November 20, 2011

100

100

47

21

0

November 20, 2012

100

78

27

0

0

November 20, 2013

100

64

18

0

0

November 20, 2014

100

53

12

0

0

November 20, 2015

100

44

0

0

0

November 20, 2016

100

36

0

0

0

November 20, 2017

100

30

0

0

0

November 20, 2018

100

24

0

0

0

November 20, 2019

100

20

0

0

0

November 20, 2020

100

16

0

0

0

November 20, 2021

100

13

0

0

0

November 20, 2022

100

2

0

0

0

November 20, 2023

100

0

0

0

0

November 20, 2024

100

0

0

0

0

November 20, 2025

100

0

0

0

0

November 20, 2026

100

0

0

0

0

November 20, 2027

100

0

0

0

0

November 20, 2028

100

0

0

0

0

November 20, 2029

100

0

0

0

0

November 20, 2030

90

0

0

0

0

November 20, 2031

78

0

0

0

0

November 20, 2032

65

0

0

0

0

November 20, 2033

51

0

0

0

0

November 20, 2034

35

0

0

0

0

November 20, 2035

19

0

0

0

0

November 20, 2036

0

0

0

0

0

 

 

 

 

 

 

Weighted Average Life to

 

 

 

 

 

Maturity (in years)(1)

26.87

9.30

5.10

3.89

3.49

 

 

 

 

 

 

(1) The weighted average life of a class of Certificates is determined by (i) multiplying the amount of each distribution in reduction of the class balance by the number of years from the date of issuance of such class to the related Distribution date, (ii) adding the results and (iii) dividing the sum by the initial class balance.

 

 

Banc of America Securities LLC

9

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

 

Percentage of Initial Class Balance Outstanding

 

at the Respective Percentages of PPC Set Forth Below:

 

Class M-3

Distribution Date

0%

50%

100%

150%

200%

Initial Percentage

100

100

100

100

100

November 20, 2007

100

100

100

100

100

November 20, 2008

100

100

100

100

100

November 20, 2009

100

100

100

100

100

November 20, 2010

100

100

65

36

19

November 20, 2011

100

100

47

21

0

November 20, 2012

100

78

27

0

0

November 20, 2013

100

64

18

0

0

November 20, 2014

100

53

1

0

0

November 20, 2015

100

44

0

0

0

November 20, 2016

100

36

0

0

0

November 20, 2017

100

30

0

0

0

November 20, 2018

100

24

0

0

0

November 20, 2019

100

20

0

0

0

November 20, 2020

100

16

0

0

0

November 20, 2021

100

6

0

0

0

November 20, 2022

100

0

0

0

0

November 20, 2023

100

0

0

0

0

November 20, 2024

100

0

0

0

0

November 20, 2025

100

0

0

0

0

November 20, 2026

100

0

0

0

0

November 20, 2027

100

0

0

0

0

November 20, 2028

100

0

0

0

0

November 20, 2029

100

0

0

0

0

November 20, 2030

90

0

0

0

0

November 20, 2031

78

0

0

0

0

November 20, 2032

65

0

0

0

0

November 20, 2033

51

0

0

0

0

November 20, 2034

35

0

0

0

0

November 20, 2035

19

0

0

0

0

November 20, 2036

0

0

0

0

0

 

 

 

 

 

 

Weighted Average Life to

 

 

 

 

 

Maturity (in years)(1)

26.85

9.20

5.05

3.85

3.43

 

(1) The weighted average life of a class of Certificates is determined by (i) multiplying the amount of each distribution in reduction of the class balance by the number of years from the date of issuance of such class to the related Distribution date, (ii) adding the results and (iii) dividing the sum by the initial class balance.

 

 

 

Banc of America Securities LLC

10

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

 

Percentage of Initial Class Balance Outstanding

 

at the Respective Percentages of PPC Set Forth Below:

 

Class M-4

Distribution Date

0%

50%

100%

150%

200%

Initial Percentage

100

100

100

100

100

November 20, 2007

100

100

100

100

100

November 20, 2008

100

100

100

100

100

November 20, 2009

100

100

100

100

100

November 20, 2010

100

100

65

36

17

November 20, 2011

100

100

47

21

0

November 20, 2012

100

78

27

0

0

November 20, 2013

100

64

16

0

0

November 20, 2014

100

53

0

0

0

November 20, 2015

100

44

0

0

0

November 20, 2016

100

36

0

0

0

November 20, 2017

100

30

0

0

0

November 20, 2018

100

24

0

0

0

November 20, 2019

100

20

0

0

0

November 20, 2020

100

6

0

0

0

November 20, 2021

100

0

0

0

0

November 20, 2022

100

0

0

0

0

November 20, 2023

100

0

0

0

0

November 20, 2024

100

0

0

0

0

November 20, 2025

100

0

0

0

0

November 20, 2026

100

0

0

0

0

November 20, 2027

100

0

0

0

0

November 20, 2028

100

0

0

0

0

November 20, 2029

100

0

0

0

0

November 20, 2030

90

0

0

0

0

November 20, 2031

78

0

0

0

0

November 20, 2032

65

0

0

0

0

November 20, 2033

51

0

0

0

0

November 20, 2034

35

0

0

0

0

November 20, 2035

19

0

0

0

0

November 20, 2036

0

0

0

0

0

 

 

 

 

 

 

Weighted Average Life to

 

 

 

 

 

Maturity (in years)(1)

26.83

9.04

4.96

3.81

3.39

 

(1) The weighted average life of a class of Certificates is determined by (i) multiplying the amount of each distribution in reduction of the class balance by the number of years from the date of issuance of such class to the related Distribution date, (ii) adding the results and (iii) dividing the sum by the initial class balance.

 

 

 

 

Banc of America Securities LLC

11

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

 

Percentage of Initial Class Balance Outstanding

 

at the Respective Percentages of PPC Set Forth Below:

 

Class M-5

Distribution Date

0%

50%

100%

150%

200%

Initial Percentage

100

100

100

100

100

November 20, 2007

100

100

100

100

100

November 20, 2008

100

100

100

100

100

November 20, 2009

100

100

100

100

100

November 20, 2010

100

100

65

36

0

November 20, 2011

100

100

47

9

0

November 20, 2012

100

78

27

0

0

November 20, 2013

100

64

0

0

0

November 20, 2014

100

53

0

0

0

November 20, 2015

100

44

0

0

0

November 20, 2016

100

36

0

0

0

November 20, 2017

100

30

0

0

0

November 20, 2018

100

20

0

0

0

November 20, 2019

100

4

0

0

0

November 20, 2020

100

0

0

0

0

November 20, 2021

100

0

0

0

0

November 20, 2022

100

0

0

0

0

November 20, 2023

100

0

0

0

0

November 20, 2024

100

0

0

0

0

November 20, 2025

100

0

0

0

0

November 20, 2026

100

0

0

0

0

November 20, 2027

100

0

0

0

0

November 20, 2028

100

0

0

0

0

November 20, 2029

100

0

0

0

0

November 20, 2030

90

0

0

0

0

November 20, 2031

78

0

0

0

0

November 20, 2032

65

0

0

0

0

November 20, 2033

51

0

0

0

0

November 20, 2034

35

0

0

0

0

November 20, 2035

1

0

0

0

0

November 20, 2036

0

0

0

0

0

 

 

 

 

 

 

Weighted Average Life to

 

 

 

 

 

Maturity (in years)(1)

26.76

8.77

4.82

3.76

3.28

 

(1) The weighted average life of a class of Certificates is determined by (i) multiplying the amount of each distribution in reduction of the class balance by the number of years from the date of issuance of such class to the related Distribution date, (ii) adding the results and (iii) dividing the sum by the initial class balance.

 

 

 

Banc of America Securities LLC

12

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

 

Percentage of Initial Class Balance Outstanding

 

at the Respective Percentages of PPC Set Forth Below:

 

Class M-6

Distribution Date

0%

50%

100%

150%

200%

Initial Percentage

100

100

100

100

100

November 20, 2007

100

100

100

100

100

November 20, 2008

100

100

100

100

100

November 20, 2009

100

100

100

100

100

November 20, 2010

100

100

65

26

0

November 20, 2011

100

100

47

0

0

November 20, 2012

100

78

2

0

0

November 20, 2013

100

64

0

0

0

November 20, 2014

100

53

0

0

0

November 20, 2015

100

44

0

0

0

November 20, 2016

100

27

0

0

0

November 20, 2017

100

10

0

0

0

November 20, 2018

100

0

0

0

0

November 20, 2019

100

0

0

0

0

November 20, 2020

100

0

0

0

0

November 20, 2021

100

0

0

0

0

November 20, 2022

100

0

0

0

0

November 20, 2023

100

0

0

0

0

November 20, 2024

100

0

0

0

0

November 20, 2025

100

0

0

0

0

November 20, 2026

100

0

0

0

0

November 20, 2027

100

0

0

0

0

November 20, 2028

100

0

0

0

0

November 20, 2029

100

0

0

0

0

November 20, 2030

90

0

0

0

0

November 20, 2031

78

0

0

0

0

November 20, 2032

65

0

0

0

0

November 20, 2033

51

0

0

0

0

November 20, 2034

26

0

0

0

0

November 20, 2035

0

0

0

0

0

November 20, 2036

0

0

0

0

0

 

 

 

 

 

 

Weighted Average Life to

 

 

 

 

 

Maturity (in years)(1)

26.59

8.25

4.59

3.55

3.12

 

(1) The weighted average life of a class of Certificates is determined by (i) multiplying the amount of each distribution in reduction of the class balance by the number of years from the date of issuance of such class to the related Distribution date, (ii) adding the results and (iii) dividing the sum by the initial class balance.

 

 

 

Banc of America Securities LLC

13

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

 

Percentage of Initial Class Balance Outstanding

 

at the Respective Percentages of PPC Set Forth Below:

 

Class M-7

Distribution Date

0%

50%

100%

150%

200%

Initial Percentage

100

100

100

100

100

November 20, 2007

100

100

100

100

100

November 20, 2008

100

100

100

100

100

November 20, 2009

100

100

100

100

100

November 20, 2010

100

100

41

0

0

November 20, 2011

100

100

10

0

0

November 20, 2012

100

63

0

0

0

November 20, 2013

100

39

0

0

0

November 20, 2014

100

20

0

0

0

November 20, 2015

100

4

0

0

0

November 20, 2016

100

0

0

0

0

November 20, 2017

100

0

0

0

0

November 20, 2018

100

0

0

0

0

November 20, 2019

100

0

0

0

0

November 20, 2020

100

0

0

0

0

November 20, 2021

100

0

0

0

0

November 20, 2022

100

0

0

0

0

November 20, 2023

100

0

0

0

0

November 20, 2024

100

0

0

0

0

November 20, 2025

100

0

0

0

0

November 20, 2026

100

0

0

0

0

November 20, 2027

100

0

0

0

0

November 20, 2028

100

0

0

0

0

November 20, 2029

100

0

0

0

0

November 20, 2030

82

0

0

0

0

November 20, 2031

62

0

0

0

0

November 20, 2032

40

0

0

0

0

November 20, 2033

16

0

0

0

0

November 20, 2034

0

0

0

0

0

November 20, 2035

0

0

0

0

0

November 20, 2036

0

0

0

0

0

 

 

 

 

 

 

Weighted Average Life to

 

 

 

 

 

Maturity (in years)(1)

25.50

6.73

3.90

3.14

3.06

 

(1) The weighted average life of a class of Certificates is determined by (i) multiplying the amount of each distribution in reduction of the class balance by the number of years from the date of issuance of such class to the related Distribution date, (ii) adding the results and (iii) dividing the sum by the initial class balance.

 

 

 

Banc of America Securities LLC

14

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

Historical Values of One-Month LIBOR

 

Listed below are historical values of One-Month LIBOR available as of the first business day in the month shown below. The values shown are intended only to provide an historical summary of the movements of One-Month LIBOR and may not be indicative of future rates. The source of the values shown below is British Bankers’ Association.

 

 

Year

Month

2006

2005

2004

2003

2002

2001

 

January

4.40%

2.40%

1.12%

1.38%

1.86%

6.55%

 

February

4.57

2.59

1.10

1.34

1.86

5.56

 

March

4.64

2.72

1.10

1.34

1.87

5.29

 

April

4.83

2.87

1.09

1.30

1.88

5.06

 

May

5.05

3.09

1.10

1.31

1.84

4.43

 

June

5.13

3.14

1.13

1.32

1.84

4.04

 

July

5.33

3.34

1.36

1.12

1.84

3.86

 

August

5.39

3.53

1.51

1.11

1.81

3.74

 

September

5.33

3.72

1.67

1.12

1.82

3.58

 

October

5.32

3.88

1.84

1.12

1.80

2.64

 

November

--

4.09

2.02

1.12

1.69

2.28

 

December

--

4.31

2.31

1.17

1.44

2.11

 

 

 

Historical Values of One-Year LIBOR

 

Listed below are historical values of One-Year LIBOR available as of the first business day in the month shown below. The values shown are intended only to provide an historical summary of the movements of One-Year LIBOR and may not be indicative of future rates. The source of the values shown below is British Bankers’ Association.

 

 

Year

Month

2006

2005

2004

2003

2002

2001

 

January

4.85%

3.11%

1.48%

1.46%

2.40%

5.94%

 

February

4.95

3.27

1.47

1.46

2.57

5.11

 

March

5.12

3.57

1.37

1.38

2.48

4.91

 

April

5.29

3.81

1.34

1.27

3.06

4.58

 

May

5.38

3.71

1.82

1.29

2.64

4.44

 

June

5.51

3.76

2.11

1.25

2.60

4.17

 

July

5.68

3.90

2.39

1.16

2.27

4.19

 

August

5.54

4.22

2.35

1.44

1.97

3.80

 

September

5.39

4.13

2.26

1.45

1.92

3.59

 

October

5.32

4.48

2.49

1.24

1.66

2.68

 

November

--

4.72

2.54

1.48

1.62

2.29

 

December

--

4.82

2.96

1.60

1.73

2.34

 

 

 

 

Banc of America Securities LLC

15

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.

 

BAFC 2006-I

$555,413,000 (approximate) Overcollateralized Certificates

 

 

Historical Values of 12-Month Average of 1-Month LIBOR (“LAMA”)

 

Listed below are historical values of 12-Month Average of 1-Month LIBOR (“LAMA”) available as of the first business day in the month shown below. The values shown are intended only to provide an historical summary of the movements of 12-Month Average of 1-Month LIBOR and may not be indicative of future rates. The source of the values shown below is British Bankers’ Association.

 

 

Year

Month

2006

2005

2004

2003

2002

2001

 

January

3.624%

1.668%

1.183%

1.716%

3.403%

6.420%

 

February

3.786

1.801

1.164

1.670

3.121

6.368

 

March

3.950

1.948

1.146

1.622

2.854

6.280

 

April

4.112

2.113

1.128

1.578

2.638

6.133

 

May

4.278

2.280

1.110

1.535

2.453

5.918

 

June

4.445

2.445

1.130

1.475

2.287

5.683

 

July

4.603

2.614

1.162

1.416

2.125

5.444

 

August

4.740

2.784

1.207

1.357

1.978

5.191

 

September

4.862

2.952

1.266

1.299

1.910

4.859

 

October

4.964

3.127

1.339

1.247

1.861

4.500

 

November

--

3.295

1.436

1.225

1.798

4.110

 

December

--

3.459

1.544

1.203

1.757

3.720

 

 

 

 

Banc of America Securities LLC

16

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the depositor.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC (the “Underwriter”) makes no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials 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 these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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.