<PAGE> 1
. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 15, 1999
(Date of earliest event reported)
Commission File No. 333-66805
NATIONSLINK FUNDING CORPORATION (as depositor under the Pooling and Servicing
Agreement relating to the NationsLink Funding Corporation, Commercial Mortgage
Pass-Through Certificates, Series 1999-2)
NATIONSLINK FUNDING CORPORATION
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 56-1950039
- --------------------------------------------------------------------------------
(State of Incorporation) (I.R.S. Employer Identification No.)
Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC 28255
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(704) 386-2400
- --------------------------------------------------------------------------------
Registrant's Telephone Number, including area code
<PAGE> 2
ITEM 5. Other Events
Attached as an exhibit are the Computational Materials (as
defined in the no-action letter dated May 20, 1994 issued by the
Securities and Exchange Commission to Kidder, Peabody Acceptance
Corporation-I, Kidder, Peabody & Co. Incorporated and Kidder Structured
Asset Corporation (the "Kidder Letter")) prepared by Banc of America
Securities LLC, which are hereby filed pursuant to such letter.
<PAGE> 3
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
<TABLE>
<CAPTION>
Item 601(a)
of Regulation S-K
Exhibit No. Description
- ----------------- -----------
<S> <C>
(99) Computational Materials prepared by Banc of
America Securities LLC in connection with
NationsLink Funding Corporation, Commercial
Mortgage Pass-Through Certificates, Series
1999-2
</TABLE>
<PAGE> 4
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
NATIONSLINK FUNDING CORPORATION
By: /s/ James E. Naumann
----------------------------------------
Name: James E. Naumann
Title: Senior Vice President
Date: November 15, 1999
<PAGE> 5
INDEX TO EXHIBITS
-----------------
<TABLE>
<CAPTION>
Paper (P) or
Exhibit No. Description Electronic (E)
- ----------- ----------- --------------
<S> <C> <C>
(99) Computational Materials prepared E
by Banc of America Securities
LLC in connection with NationsLink
Funding Corporation, Commercial
Mortgage Pass-Through Certificates,
Series 1999-2
</TABLE>
<PAGE> 1
EXHIBIT 99
COMPUTATIONAL MATERIALS
<PAGE> 2
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
99-16 7.30 7.29 7.29 7.30 7.30 7.30
99-18 7.27 7.27 7.27 7.28 7.28 7.28
99-20 7.25 7.25 7.25 7.25 7.26 7.26
99-22 7.23 7.22 7.23 7.23 7.23 7.23
99-24 7.20 7.20 7.20 7.21 7.21 7.21
99-26 7.18 7.18 7.18 7.18 7.19 7.19
99-28 7.16 7.16 7.16 7.16 7.16 7.16
99-30 7.14 7.13 7.13 7.14 7.14 7.14
100-00 7.11 7.11 7.11 7.11 7.12 7.12
100-02 7.09 7.09 7.09 7.09 7.09 7.09
100-04 7.07 7.07 7.06 7.07 7.07 7.07
100-06 7.05 7.04 7.04 7.04 7.05 7.05
100-08 7.02 7.02 7.02 7.02 7.02 7.02
100-10 7.00 7.00 7.00 7.00 7.00 7.00
100-12 6.98 6.97 6.97 6.97 6.98 6.98
100-14 6.96 6.95 6.95 6.95 6.95 6.95
100-16 6.93 6.93 6.93 6.93 6.93 6.93
WAL (YRS) 3.17 3.14 3.11 3.08 3.07 3.07
Mod Dur 2.75 2.73 2.70 2.68 2.68 2.67
First Prin Date 07/20/2002 07/20/2002 06/20/2002 06/20/2002 06/20/2002 06/20/2002
Final Prin Date 11/20/2003 10/20/2003 10/20/2003 09/20/2003 09/20/2003 09/20/2003
Prin Window 17 16 17 16 16 16
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated
using the projected
Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as
described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
Banc of America Securities [LOGO]
<PAGE> 3
CLASS: A-3
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not
exceed the weighted average
Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
99-16 7.38 7.38 7.39 7.39 7.39 7.39
99-18 7.37 7.37 7.37 7.37 7.37 7.37
99-20 7.35 7.36 7.36 7.36 7.36 7.36
99-22 7.34 7.34 7.34 7.35 7.35 7.35
99-24 7.33 7.33 7.33 7.33 7.33 7.33
99-26 7.31 7.31 7.32 7.32 7.32 7.32
99-28 7.30 7.30 7.30 7.30 7.30 7.30
99-30 7.28 7.29 7.29 7.29 7.29 7.29
100-00 7.27 7.27 7.27 7.28 7.28 7.28
100-02 7.26 7.26 7.26 7.26 7.26 7.26
100-04 7.24 7.24 7.25 7.25 7.25 7.25
100-06 7.23 7.23 7.23 7.23 7.23 7.23
100-08 7.22 7.22 7.22 7.22 7.22 7.22
100-10 7.20 7.20 7.21 7.21 7.21 7.21
100-12 7.19 7.19 7.19 7.19 7.19 7.19
100-14 7.17 7.18 7.18 7.18 7.18 7.18
100-16 7.16 7.16 7.16 7.17 7.17 7.17
WAL (YRS) 5.71 5.70 5.69 5.68 5.68 5.68
Mod Dur 4.51 4.50 4.50 4.49 4.49 4.49
First Prin Date 11/20/2003 10/20/2003 10/20/2003 09/20/2003 09/20/2003 09/20/2003
Final Prin Date 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006
Prin Window 38 39 39 40 40 40
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected
Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as described
in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 4
CLASS: A-4
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 110,485,256
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.3420%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-00 7.56 7.56 7.56 7.56 7.56 7.56
99-04 7.54 7.54 7.54 7.54 7.54 7.54
99-08 7.52 7.52 7.52 7.52 7.52 7.52
99-12 7.50 7.50 7.50 7.50 7.50 7.50
99-16 7.47 7.47 7.47 7.47 7.47 7.47
99-20 7.45 7.45 7.45 7.45 7.45 7.45
99-24 7.43 7.43 7.43 7.43 7.43 7.43
99-28 7.41 7.41 7.41 7.41 7.41 7.41
100-00 7.39 7.39 7.39 7.39 7.39 7.39
100-04 7.37 7.37 7.37 7.37 7.37 7.37
100-08 7.35 7.35 7.35 7.35 7.35 7.35
100-12 7.33 7.33 7.33 7.33 7.33 7.33
100-16 7.31 7.31 7.31 7.31 7.30 7.30
100-20 7.28 7.28 7.28 7.28 7.28 7.28
100-24 7.26 7.26 7.26 7.26 7.26 7.26
100-28 7.24 7.24 7.24 7.24 7.24 7.24
101-00 7.22 7.22 7.22 7.22 7.22 7.22
WAL (YRS) 8.07 8.07 8.07 8.06 8.06 8.02
MOD DUR 5.88 5.88 5.88 5.87 5.87 5.85
FIRST PRIN DATE 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006
FINAL PRIN DATE 10/20/2008 10/20/2008 10/20/2008 10/20/2008 09/20/2008 07/20/2008
PRIN WINDOW 23 23 23 23 22 20
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 5
CLASS: A-1C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 103,960,279
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.0210%
Accrual Start Date: 11/1/99 Coupon Type: Fixed(1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will
not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
99-00 7.27 7.28 7.28 7.29 7.29 7.30
99-04 7.24 7.25 7.25 7.26 7.26 7.27
99-08 7.21 7.22 7.22 7.23 7.23 7.24
99-12 7.18 7.19 7.19 7.20 7.20 7.21
99-16 7.15 7.16 7.16 7.17 7.17 7.18
99-20 7.13 7.13 7.13 7.14 7.14 7.15
99-24 7.10 7.10 7.10 7.11 7.11 7.11
99-28 7.07 7.07 7.07 7.08 7.08 7.08
100-00 7.04 7.04 7.04 7.05 7.05 7.05
100-04 7.01 7.01 7.01 7.02 7.02 7.02
100-08 6.98 6.98 6.99 6.99 6.99 6.99
100-12 6.95 6.95 6.96 6.96 6.96 6.96
100-16 6.92 6.92 6.93 6.93 6.93 6.93
100-20 6.89 6.90 6.90 6.90 6.90 6.90
100-24 6.86 6.87 6.87 6.87 6.88 6.87
100-28 6.84 6.84 6.84 6.84 6.85 6.84
101-00 6.81 6.81 6.81 6.81 6.82 6.81
WAL (YRS) 5.50 5.48 5.45 5.41 5.36 5.24
Mod Dur 4.28 4.27 4.25 4.22 4.19 4.11
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 01/20/2008 01/20/2008 01/20/2008 12/20/2007 12/20/2007 07/20/2007
Prin Window 98 98 98 97 97 92
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the
projected Unpaid Principal Balance
as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes of the offered 1 5.650 2 5.780
certificates as described in the
prospectus using the Discount Rate 2 5.950 5 5.940
Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 6
Class: A-2C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 114,048,463
Settlement Date: 11/30/1999 Initial Pass-Through Rate: 7.2310%
Accrual Start Date: 11/1/1999 Coupon Type: Fixed (1)
First Pay Date: 12/20/1999 (1) Pass-Through Rate will
not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
Conduit Mortgage Loans
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
---------- ---------- ---------- ---------- ---------- ----------
99-00 7.44 7.44 7.44 7.44 7.44 7.44
99-04 7.42 7.42 7.42 7.42 7.42 7.42
99-08 7.40 7.40 7.40 7.40 7.40 7.40
99-12 7.38 7.38 7.38 7.38 7.38 7.38
99-16 7.36 7.36 7.36 7.36 7.36 7.36
99-20 7.34 7.34 7.34 7.34 7.34 7.34
99-24 7.32 7.32 7.32 7.32 7.32 7.32
99-28 7.30 7.30 7.30 7.30 7.30 7.30
100-00 7.28 7.28 7.28 7.28 7.28 7.28
100-04 7.26 7.26 7.26 7.26 7.26 7.26
100-08 7.24 7.24 7.24 7.24 7.24 7.24
100-12 7.22 7.22 7.22 7.22 7.22 7.21
100-16 7.20 7.20 7.20 7.20 7.20 7.19
100-20 7.18 7.18 7.18 7.18 7.18 7.17
100-24 7.16 7.16 7.16 7.16 7.16 7.15
100-28 7.14 7.14 7.14 7.14 7.14 7.13
101-00 7.12 7.12 7.12 7.12 7.12 7.11
WAL (Yrs) 8.59 8.58 8.56 8.53 8.49 8.24
Mod Dur 6.19 6.18 6.17 6.16 6.13 6.00
First Prin Date 01/20/2008 01/20/2008 01/20/2008 12/20/2007 12/20/2007 07/20/2007
Final Prin Date 10/20/2008 09/20/2008 09/20/2008 09/20/2008 09/20/2008 06/20/2008
Prin Window 10 9 9 10 10 12
</TABLE>
<TABLE>
<CAPTION>
Assumptions Money Market Curve as of 10/29/99 Treasury Curve as of 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised Term (Yrs) Yield (BEY%) Term (Yrs) Yield (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the
projected Unpaid Principal Balance as
of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as described
in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see
Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 7
CLASS: B
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 56,107,669
Settlement Date: 11/30/1999 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/1999 Coupon Type: Fixed (1)
First Pay Date: 12/20/1999 (1) Pass-Through Rate will
not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
---------- ---------- ---------- ---------- ---------- ----------
99-00 7.66 7.66 7.66 7.66 7.66 7.67
99-04 7.64 7.64 7.64 7.64 7.64 7.65
99-08 7.62 7.62 7.62 7.62 7.62 7.62
99-12 7.60 7.60 7.60 7.60 7.60 7.60
99-16 7.58 7.58 7.58 7.58 7.58 7.58
99-20 7.56 7.56 7.56 7.56 7.56 7.56
99-24 7.54 7.54 7.54 7.54 7.54 7.54
99-28 7.52 7.52 7.52 7.52 7.52 7.52
100-00 7.50 7.50 7.50 7.50 7.50 7.50
100-04 7.48 7.48 7.48 7.48 7.48 7.48
100-08 7.46 7.46 7.46 7.46 7.46 7.46
100-12 7.44 7.44 7.44 7.44 7.44 7.44
100-16 7.42 7.42 7.42 7.42 7.42 7.42
100-20 7.40 7.40 7.40 7.40 7.40 7.40
100-24 7.38 7.38 7.38 7.38 7.38 7.38
100-28 7.37 7.37 7.37 7.37 7.37 7.36
101-00 7.35 7.35 7.35 7.35 7.35 7.34
WAL (YRS) 8.90 8.90 8.90 8.89 8.88 8.70
Mod Dur 6.28 6.28 6.28 6.28 6.27 6.18
First Prin Date 10/20/2008 10/20/2008 10/20/2008 10/20/2008 09/20/2008 07/20/2008
Final Prin Date 11/20/2008 11/20/2008 11/20/2008 11/20/2008 10/20/2008 09/20/2008
Prin Window 2 2 2 2 2 3
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the
projected Unpaid Principal Balance
as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as described
in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 8
CLASS: C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 44,886,135
Settlement Date: 11/30/1999 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/1999 Coupon Type: WAC
First Pay Date: 12/20/1999
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
98-08 7.89 7.89 7.89 7.89 7.89 7.89
98-12 7.87 7.87 7.87 7.87 7.87 7.87
98-16 7.85 7.85 7.85 7.85 7.85 7.85
98-20 7.83 7.83 7.83 7.83 7.83 7.83
98-24 7.81 7.81 7.81 7.81 7.81 7.81
98-28 7.79 7.79 7.79 7.79 7.79 7.79
99-00 7.77 7.77 7.77 7.77 7.77 7.77
99-04 7.75 7.75 7.75 7.75 7.75 7.75
99-08 7.73 7.73 7.73 7.73 7.73 7.73
99-12 7.71 7.71 7.71 7.71 7.71 7.71
99-16 7.69 7.69 7.69 7.69 7.69 7.69
99-20 7.67 7.67 7.67 7.67 7.67 7.67
99-24 7.65 7.65 7.65 7.65 7.65 7.65
99-28 7.63 7.63 7.63 7.63 7.63 7.63
100-00 7.61 7.61 7.61 7.61 7.61 7.61
100-04 7.59 7.59 7.59 7.59 7.59 7.59
100-08 7.57 7.57 7.57 7.57 7.57 7.57
WAL (YRS) 9.05 9.05 9.04 9.02 9.00 8.88
Mod Dur 6.30 6.30 6.29 6.29 6.28 6.22
First Prin Date 11/20/2008 11/20/2008 11/20/2008 11/20/2008 10/20/2008 09/20/2008
Final Prin Date 01/20/2009 01/20/2009 01/20/2009 01/20/2009 12/20/2008 11/20/2008
Prin Window 3 3 3 3 3 3
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the
projected Unpaid Principal Balance
as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated
to one or more classes 1 5.650 2 5.780
of the offered certificates as described
in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 9
CLASS: D
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 67,329,203
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99 Coupon Type: WAC
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
94-22 8.47 8.47 8.47 8.47 8.47 8.48
94-26 8.45 8.45 8.45 8.45 8.45 8.46
94-30 8.43 8.43 8.43 8.43 8.42 8.44
95-02 8.41 8.41 8.41 8.40 8.40 8.41
95-06 8.39 8.39 8.39 8.38 8.38 8.39
95-10 8.37 8.37 8.36 8.36 8.36 8.37
95-14 8.35 8.35 8.34 8.34 8.34 8.35
95-18 8.33 8.32 8.32 8.32 8.32 8.33
95-22 8.31 8.30 8.30 8.30 8.30 8.31
95-26 8.29 8.28 8.28 8.28 8.28 8.29
95-30 8.26 8.26 8.26 8.26 8.26 8.27
96-02 8.24 8.24 8.24 8.24 8.24 8.25
96-06 8.22 8.22 8.22 8.22 8.22 8.23
96-10 8.20 8.20 8.20 8.20 8.20 8.20
96-14 8.18 8.18 8.18 8.18 8.18 8.18
96-18 8.16 8.16 8.16 8.16 8.16 8.16
96-22 8.14 8.14 8.14 8.14 8.14 8.14
WAL (YRS) 9.14 9.14 9.14 9.14 9.13 8.99
Mod Dur 6.27 6.27 6.27 6.27 6.27 6.20
First Prin Date 01/20/2009 01/20/2009 01/20/2009 01/20/2009 12/20/2008 11/20/2008
Final Prin Date 02/20/2009 02/20/2009 02/20/2009 01/20/2009 01/20/2009 12/20/2008
Prin Window 2 2 2 1 2 2
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the
projected Unpaid Principal Balance as
of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as
described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 10
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/1999 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/1999 Coupon Type: Fixed
First Pay Date: 12/20/1999
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 20.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 20.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ---------- ----------
99-16 7.05 7.17 7.29 7.50 7.74 7.94 8.13
99-18 7.04 7.16 7.27 7.47 7.70 7.90 8.08
99-20 7.02 7.14 7.25 7.44 7.67 7.86 8.04
99-22 7.01 7.12 7.23 7.42 7.64 7.83 7.99
99-24 6.99 7.10 7.20 7.39 7.61 7.79 7.95
99-26 6.98 7.08 7.18 7.36 7.58 7.75 7.91
99-28 6.96 7.06 7.16 7.34 7.55 7.72 7.86
99-30 6.95 7.05 7.13 7.31 7.52 7.68 7.82
100-00 6.93 7.03 7.11 7.28 7.49 7.65 7.77
100-02 6.92 7.01 7.09 7.26 7.45 7.61 7.73
100-04 6.90 6.99 7.07 7.23 7.42 7.57 7.69
100-06 6.89 6.97 7.04 7.20 7.39 7.54 7.64
100-08 6.88 6.95 7.02 7.18 7.36 7.50 7.60
100-10 6.86 6.94 7.00 7.15 7.33 7.47 7.55
100-12 6.85 6.92 6.98 7.12 7.30 7.43 7.51
100-14 6.83 6.90 6.95 7.10 7.27 7.39 7.47
100-16 6.82 6.88 6.93 7.07 7.24 7.36 7.42
WAL (YRS) 5.19 4.02 3.15 2.65 2.23 1.91 1.55
Mod Dur 4.22 3.38 2.73 2.34 1.99 1.72 1.42
First Prin Date 04/20/2004 11/20/2002 07/20/2002 11/20/2001 08/20/2001 05/20/2001 02/20/2001
Final Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002 04/20/2002 10/20/2001
Prin Window 18 25 16 15 14 12 9
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using
the projected Unpaid Principal Balance
as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as
described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 11
CLASS: A-3
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/1999 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/1999 Coupon Type: Fixed (1)
First Pay Date: 12/20/1999 (1) Pass-Through Rate will
not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 20.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 20.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ---------- ----------
99-16 7.33 7.34 7.38 7.45 7.52 7.62 7.86
99-18 7.31 7.33 7.37 7.44 7.50 7.61 7.84
99-20 7.30 7.32 7.35 7.42 7.49 7.59 7.82
99-22 7.29 7.30 7.34 7.41 7.47 7.57 7.80
99-24 7.28 7.29 7.33 7.39 7.45 7.55 7.77
99-26 7.26 7.28 7.31 7.38 7.44 7.53 7.75
99-28 7.25 7.26 7.30 7.36 7.42 7.52 7.73
99-30 7.24 7.25 7.29 7.35 7.40 7.50 7.71
100-00 7.23 7.24 7.27 7.33 7.39 7.48 7.69
100-02 7.22 7.22 7.26 7.32 7.37 7.46 7.66
100-04 7.20 7.21 7.24 7.30 7.35 7.44 7.64
100-06 7.19 7.20 7.23 7.29 7.34 7.42 7.62
100-08 7.18 7.19 7.22 7.27 7.32 7.41 7.60
100-10 7.17 7.17 7.20 7.26 7.30 7.39 7.58
100-12 7.15 7.16 7.19 7.24 7.29 7.37 7.56
100-14 7.14 7.15 7.18 7.23 7.27 7.35 7.54
100-16 7.13 7.13 7.16 7.21 7.26 7.33 7.51
WAL (YRS) 6.55 6.16 5.70 5.15 4.62 4.13 3.39
Mod Dur 5.05 4.81 4.51 4.13 3.76 3.42 2.87
First Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002 04/20/2002 10/20/2001
Final Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006 12/20/2005 05/20/2005
Prin Window 25 29 39 42 43 45 44
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using
the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as
described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 12
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/1999 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/1999 Coupon Type: Fixed
First Pay Date: 12/20/1999
</TABLE>
<TABLE>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/1999 84,648,789.00 488,141.35 0 0
2 1/20/2000 84,648,789.00 488,141.35 0 0
3 2/20/2000 84,648,789.00 488,141.35 0 0
4 3/20/2000 84,648,789.00 488,141.35 0 0
5 4/20/2000 84,648,789.00 488,141.35 0 0
6 5/20/2000 84,648,789.00 488,141.35 0 0
7 6/20/2000 84,648,789.00 488,141.35 0 0
8 7/20/2000 84,648,789.00 488,141.35 0 0
9 8/20/2000 84,648,789.00 488,141.35 0 0
10 9/20/2000 84,648,789.00 488,141.35 0 0
11 10/20/2000 84,648,789.00 488,141.35 0 0
12 11/20/2000 84,648,789.00 488,141.35 0 0
13 12/20/2000 84,648,789.00 488,141.35 0 0
14 1/20/2001 84,648,789.00 488,141.35 0 0
15 2/20/2001 84,648,789.00 488,141.35 0 0
16 3/20/2001 84,648,789.00 488,141.35 0 0
17 4/20/2001 84,648,789.00 488,141.35 0 0
18 5/20/2001 84,648,789.00 488,141.35 0 0
19 6/20/2001 84,648,789.00 488,141.35 0 0
20 7/20/2001 84,648,789.00 488,141.35 0 0
21 8/20/2001 84,648,789.00 488,141.35 0 0
22 9/20/2001 84,648,789.00 488,141.35 0 0
23 10/20/2001 84,648,789.00 488,141.35 0 0
24 11/20/2001 84,648,789.00 488,141.35 0 0
25 12/20/2001 84,648,789.00 488,141.35 0 0
26 1/20/2002 84,648,789.00 488,141.35 0 0
27 2/20/2002 84,648,789.00 488,141.35 0 0
28 3/20/2002 84,648,789.00 488,141.35 0 0
29 4/20/2002 84,648,789.00 488,141.35 0 0
30 5/20/2002 84,648,789.00 488,141.35 0 0
31 6/20/2002 84,648,789.00 488,141.35 0 0
32 7/20/2002 84,648,789.00 488,141.35 0 0
33 8/20/2002 84,648,789.00 488,141.35 0 0
34 9/20/2002 84,648,789.00 488,141.35 0 0
35 10/20/2002 84,648,789.00 488,141.35 0 0
36 11/20/2002 84,648,789.00 488,141.35 0 0
37 12/20/2002 84,648,789.00 488,141.35 0 0
38 1/20/2003 84,648,789.00 488,141.35 0 0
39 2/20/2003 84,648,789.00 488,141.35 0 0
40 3/20/2003 84,648,789.00 488,141.35 0 0
41 4/20/2003 84,648,789.00 488,141.35 0 0
42 5/20/2003 84,648,789.00 488,141.35 0 0
43 6/20/2003 84,648,789.00 488,141.35 0 0
44 7/20/2003 84,648,789.00 488,141.35 0 0
45 8/20/2003 84,648,789.00 488,141.35 0 0
46 9/20/2003 84,648,789.00 488,141.35 0 0
47 10/20/2003 84,648,789.00 488,141.35 0 0
48 11/20/2003 84,648,789.00 488,141.35 0 0
49 12/20/2003 84,648,789.00 488,141.35 0 0
50 1/20/2004 84,648,789.00 488,141.35 0 0
51 2/20/2004 84,648,789.00 488,141.35 0 0
52 3/20/2004 84,648,789.00 488,141.35 0 0
53 4/20/2004 84,459,309.13 488,141.35 189,479.87 0
54 5/20/2004 83,215,317.19 487,048.68 1,243,991.94 0
55 6/20/2004 80,281,753.57 479,875.00 2,933,563.61 0
56 7/20/2004 79,029,843.21 462,958.11 1,251,910.36 0
57 8/20/2004 71,129,831.56 455,738.76 7,900,011.65 0
58 9/20/2004 63,383,154.24 410,182.03 7,746,677.31 0
59 10/20/2004 59,096,143.29 365,509.52 4,287,010.95 0
60 11/20/2004 51,957,347.96 340,787.76 7,138,795.33 0
61 12/20/2004 45,416,330.92 299,620.71 6,541,017.04 0
62 1/20/2005 36,212,720.43 261,900.84 9,203,610.49 0
63 2/20/2005 33,730,746.96 208,826.69 2,481,973.47 0
64 3/20/2005 30,792,099.65 194,513.97 2,938,647.32 0
65 4/20/2005 28,384,885.77 177,567.77 2,407,213.88 0
66 5/20/2005 23,861,111.66 163,686.17 4,523,774.11 0
67 6/20/2005 21,273,324.08 137,599.08 2,587,787.58 0
68 7/20/2005 15,498,289.30 122,676.17 5,775,034.78 0
69 8/20/2005 1,902,210.03 89,373.47 13,596,079.27 0
70 9/20/2005 0.00 10,969.41 1,902,210.03 0
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using
the projected Unpaid Principal
Balance as of Nov 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as
described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 13
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 3.00%
During Open/Fixed Penalty 3.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
- ------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 84,648,789.00 488,141.35 0 0
2 1/20/00 84,648,789.00 488,141.35 0 0
3 2/20/00 84,648,789.00 488,141.35 0 0
4 3/20/00 84,648,789.00 488,141.35 0 0
5 4/20/00 84,648,789.00 488,141.35 0 0
6 5/20/00 84,648,789.00 488,141.35 0 0
7 6/20/00 84,648,789.00 488,141.35 0 0
8 7/20/00 84,648,789.00 488,141.35 0 0
9 8/20/00 84,648,789.00 488,141.35 0 0
10 9/20/00 84,648,789.00 488,141.35 0 0
11 10/20/00 84,648,789.00 488,141.35 0 0
12 11/20/00 84,648,789.00 488,141.35 0 0
13 12/20/00 84,648,789.00 488,141.35 0 0
14 1/20/01 84,648,789.00 488,141.35 0 0
15 2/20/01 84,648,789.00 488,141.35 0 0
16 3/20/01 84,648,789.00 488,141.35 0 0
17 4/20/01 84,648,789.00 488,141.35 0 0
18 5/20/01 84,648,789.00 488,141.35 0 0
19 6/20/01 84,648,789.00 488,141.35 0 0
20 7/20/01 84,648,789.00 488,141.35 0 0
21 8/20/01 84,648,789.00 488,141.35 0 0
22 9/20/01 84,648,789.00 488,141.35 0 0
23 10/20/01 84,648,789.00 488,141.35 0 0
24 11/20/01 84,648,789.00 488,141.35 0 0
25 12/20/01 84,648,789.00 488,141.35 0 0
26 1/20/02 84,648,789.00 488,141.35 0 0
27 2/20/02 84,648,789.00 488,141.35 0 0
28 3/20/02 84,648,789.00 488,141.35 0 0
29 4/20/02 84,648,789.00 488,141.35 0 0
30 5/20/02 84,648,789.00 488,141.35 0 0
31 6/20/02 84,648,789.00 488,141.35 0 0
32 7/20/02 84,648,789.00 488,141.35 0 0
33 8/20/02 84,648,789.00 488,141.35 0 0
34 9/20/02 84,648,789.00 488,141.35 0 0
35 10/20/02 84,648,789.00 488,141.35 0 0
36 11/20/02 83,764,654.49 488,141.35 884,134.51 1,714.90
37 12/20/02 79,988,627.96 483,042.84 3,776,026.52 23,583.62
38 1/20/03 69,018,184.53 461,267.75 10,970,443.43 23,086.32
39 2/20/03 66,914,413.91 398,004.86 2,103,770.62 22,630.62
40 3/20/03 63,189,599.31 385,873.12 3,724,814.59 22,173.32
41 4/20/03 61,099,271.75 364,393.36 2,090,327.56 21,710.76
42 5/20/03 59,002,302.24 352,339.13 2,096,969.51 21,230.60
43 6/20/03 56,913,284.74 340,246.61 2,089,017.50 20,757.27
44 7/20/03 54,817,651.96 328,199.94 2,095,632.78 20,014.92
45 8/20/03 50,064,187.25 316,115.13 4,753,464.71 19,553.82
46 9/20/03 46,870,379.22 288,703.48 3,193,808.04 19,105.73
47 10/20/03 44,799,821.99 270,285.85 2,070,557.23 18,661.29
48 11/20/03 42,736,928.34 258,345.64 2,062,893.65 18,214.14
49 12/20/03 40,667,484.46 246,449.62 2,069,443.87 17,772.13
50 1/20/04 38,605,588.88 234,515.83 2,061,895.58 17,331.63
51 2/20/04 36,544,174.76 222,625.56 2,061,414.12 16,907.98
52 3/20/04 32,771,952.49 210,738.07 3,772,222.27 16,471.99
53 4/20/04 30,718,997.46 188,984.93 2,052,955.03 15,988.53
54 5/20/04 28,688,253.55 177,146.22 2,030,743.91 15,545.46
55 6/20/04 25,195,983.52 165,435.60 3,492,270.03 15,098.61
56 7/20/04 23,177,863.82 145,296.84 2,018,119.69 14,639.30
57 8/20/04 15,415,024.05 133,659.01 7,762,839.78 14,164.46
58 9/20/04 7,821,536.25 88,893.31 7,593,487.79 13,697.16
59 10/20/04 3,242,731.97 45,104.19 4,578,804.28 13,221.79
60 11/20/04 0.00 18,699.75 3,242,731.97 5,854.67
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
1% Cleanup Call is Not Exercised
Initial Balance is calculated using
the projected Unpaid Principal Balance as
of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated
to one or more classes 1 5.650 2 5.780
of the offered certificates as
described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 14
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/1999 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/1999 Coupon Type: Fixed
First Pay Date: 12/20/1999
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 4.50%
During Open/Fixed Penalty 4.50%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
- ------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/1999 84,648,789.00 488,141.35 0 0
2 1/20/2000 84,648,789.00 488,141.35 0 0
3 2/20/2000 84,648,789.00 488,141.35 0 0
4 3/20/2000 84,648,789.00 488,141.35 0 0
5 4/20/2000 84,648,789.00 488,141.35 0 0
6 5/20/2000 84,648,789.00 488,141.35 0 0
7 6/20/2000 84,648,789.00 488,141.35 0 0
8 7/20/2000 84,648,789.00 488,141.35 0 0
9 8/20/2000 84,648,789.00 488,141.35 0 0
10 9/20/2000 84,648,789.00 488,141.35 0 0
11 10/20/2000 84,648,789.00 488,141.35 0 0
12 11/20/2000 84,648,789.00 488,141.35 0 0
13 12/20/2000 84,648,789.00 488,141.35 0 0
14 1/20/2001 84,648,789.00 488,141.35 0 0
15 2/20/2001 84,648,789.00 488,141.35 0 0
16 3/20/2001 84,648,789.00 488,141.35 0 0
17 4/20/2001 84,648,789.00 488,141.35 0 0
18 5/20/2001 84,648,789.00 488,141.35 0 0
19 6/20/2001 84,648,789.00 488,141.35 0 0
20 7/20/2001 84,648,789.00 488,141.35 0 0
21 8/20/2001 84,648,789.00 488,141.35 0 0
22 9/20/2001 84,648,789.00 488,141.35 0 0
23 10/20/2001 84,648,789.00 488,141.35 0 0
24 11/20/2001 84,648,789.00 488,141.35 0 0
25 12/20/2001 84,648,789.00 488,141.35 0 0
26 1/20/2002 84,648,789.00 488,141.35 0 0
27 2/20/2002 84,648,789.00 488,141.35 0 0
28 3/20/2002 84,648,789.00 488,141.35 0 0
29 4/20/2002 84,648,789.00 488,141.35 0 0
30 5/20/2002 84,648,789.00 488,141.35 0 0
31 6/20/2002 84,648,789.00 488,141.35 0 0
32 7/20/2002 84,648,789.00 488,141.35 0 0
33 8/20/2002 84,648,789.00 488,141.35 0 0
34 9/20/2002 84,648,789.00 488,141.35 0 0
35 10/20/2002 76,684,248.63 488,141.35 7,964,540.37 24,376.70
36 11/20/2002 64,294,368.73 442,212.50 12,389,879.90 34,755.44
37 12/20/2002 60,167,547.14 370,764.19 4,126,821.58 33,999.89
38 1/20/2003 49,202,773.10 346,966.19 10,964,774.04 33,239.74
39 2/20/2003 46,694,539.24 283,735.99 2,508,233.86 32,541.33
40 3/20/2003 42,653,174.20 269,271.84 4,041,365.03 31,842.38
41 4/20/2003 40,171,374.76 245,966.64 2,481,799.44 31,137.65
42 5/20/2003 37,689,079.38 231,654.93 2,482,295.38 30,409.49
43 6/20/2003 35,220,102.96 217,340.36 2,468,976.41 29,692.92
44 7/20/2003 32,750,647.18 203,102.59 2,469,455.78 28,593.85
45 8/20/2003 27,780,012.51 188,862.07 4,970,634.67 27,898.85
46 9/20/2003 24,290,857.50 160,198.07 3,489,155.01 27,224.14
47 10/20/2003 21,866,873.80 140,077.28 2,423,983.70 26,556.35
48 11/20/2003 19,455,764.80 126,098.97 2,411,109.01 25,886.37
49 12/20/2003 17,044,154.35 112,194.91 2,411,610.45 25,225.40
50 1/20/2004 14,645,267.90 98,287.96 2,398,886.45 24,568.24
51 2/20/2004 12,252,453.39 84,454.38 2,392,814.51 23,936.59
52 3/20/2004 8,266,162.78 70,655.81 3,986,290.61 23,289.09
53 4/20/2004 5,894,528.79 47,668.21 2,371,633.99 22,576.21
54 5/20/2004 3,549,166.96 33,991.78 2,345,361.83 21,922.08
55 6/20/2004 0.00 20,466.86 3,549,166.96 20,393.98
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using
the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to
one or more classes 1 5.650 2 5.780
of the offered certificates as
described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 15
CLASS: A-2
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00%
During Open/Fixed Penalty 6.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 84,648,789.00 488,141.35 0 0
2 1/20/00 84,648,789.00 488,141.35 0 0
3 2/20/00 84,648,789.00 488,141.35 0 0
4 3/20/00 84,648,789.00 488,141.35 0 0
5 4/20/00 84,648,789.00 488,141.35 0 0
6 5/20/00 84,648,789.00 488,141.35 0 0
7 6/20/00 84,648,789.00 488,141.35 0 0
8 7/20/00 84,648,789.00 488,141.35 0 0
9 8/20/00 84,648,789.00 488,141.35 0 0
10 9/20/00 84,648,789.00 488,141.35 0 0
11 10/20/00 84,648,789.00 488,141.35 0 0
12 11/20/00 84,648,789.00 488,141.35 0 0
13 12/20/00 84,648,789.00 488,141.35 0 0
14 1/20/01 84,648,789.00 488,141.35 0 0
15 2/20/01 84,648,789.00 488,141.35 0 0
16 3/20/01 84,648,789.00 488,141.35 0 0
17 4/20/01 84,648,789.00 488,141.35 0 0
18 5/20/01 84,648,789.00 488,141.35 0 0
19 6/20/01 84,648,789.00 488,141.35 0 0
20 7/20/01 84,648,789.00 488,141.35 0 0
21 8/20/01 84,648,789.00 488,141.35 0 0
22 9/20/01 84,648,789.00 488,141.35 0 0
23 10/20/01 84,648,789.00 488,141.35 0 0
24 11/20/01 84,648,789.00 488,141.35 0 0
25 12/20/01 84,648,789.00 488,141.35 0 0
26 1/20/02 84,648,789.00 488,141.35 0 0
27 2/20/02 84,648,789.00 488,141.35 0 0
28 3/20/02 84,648,789.00 488,141.35 0 0
29 4/20/02 84,648,789.00 488,141.35 0 0
30 5/20/02 84,648,789.00 488,141.35 0 0
31 6/20/02 84,648,789.00 488,141.35 0 0
32 7/20/02 78,215,370.44 488,141.35 6,433,418.56 44,052.29
33 8/20/02 74,968,539.48 451,041.97 3,246,830.97 47,970.17
34 9/20/02 69,402,742.84 432,318.58 5,565,796.64 46,798.13
35 10/20/02 57,769,096.93 400,222.48 11,633,645.90 45,645.88
36 11/20/02 45,426,208.00 333,135.13 12,342,888.93 44,568.55
37 12/20/02 40,984,563.79 261,957.80 4,441,644.21 43,542.19
38 1/20/03 30,050,360.48 236,344.32 10,934,203.32 42,512.58
39 2/20/03 27,176,758.50 173,290.41 2,873,601.98 41,564.45
40 3/20/03 22,855,763.03 156,719.31 4,320,995.47 40,618.08
41 4/20/03 20,022,967.06 131,801.57 2,832,795.97 39,666.76
42 5/20/03 17,196,536.45 115,465.78 2,826,430.60 38,688.07
43 6/20/03 14,389,512.99 99,166.69 2,807,023.46 37,726.62
44 7/20/03 11,588,813.66 82,979.52 2,800,699.33 36,282.29
45 8/20/03 6,437,868.24 66,828.83 5,150,945.42 35,353.75
46 9/20/03 2,694,135.99 37,125.04 3,743,732.25 34,453.26
47 10/20/03 0.00 15,536.18 2,694,135.99 33,082.46
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 16
CLASS: A-2
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 7.50%
During Open/Fixed Penalty 7.50%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 84,648,789.00 488,141.35 0 0
2 1/20/00 84,648,789.00 488,141.35 0 0
3 2/20/00 84,648,789.00 488,141.35 0 0
4 3/20/00 84,648,789.00 488,141.35 0 0
5 4/20/00 84,648,789.00 488,141.35 0 0
6 5/20/00 84,648,789.00 488,141.35 0 0
7 6/20/00 84,648,789.00 488,141.35 0 0
8 7/20/00 84,648,789.00 488,141.35 0 0
9 8/20/00 84,648,789.00 488,141.35 0 0
10 9/20/00 84,648,789.00 488,141.35 0 0
11 10/20/00 84,648,789.00 488,141.35 0 0
12 11/20/00 84,648,789.00 488,141.35 0 0
13 12/20/00 84,648,789.00 488,141.35 0 0
14 1/20/01 84,648,789.00 488,141.35 0 0
15 2/20/01 84,648,789.00 488,141.35 0 0
16 3/20/01 84,648,789.00 488,141.35 0 0
17 4/20/01 84,648,789.00 488,141.35 0 0
18 5/20/01 84,648,789.00 488,141.35 0 0
19 6/20/01 84,648,789.00 488,141.35 0 0
20 7/20/01 84,648,789.00 488,141.35 0 0
21 8/20/01 84,648,789.00 488,141.35 0 0
22 9/20/01 84,648,789.00 488,141.35 0 0
23 10/20/01 84,648,789.00 488,141.35 0 0
24 11/20/01 84,648,789.00 488,141.35 0 0
25 12/20/01 84,648,789.00 488,141.35 0 0
26 1/20/02 84,648,789.00 488,141.35 0 0
27 2/20/02 84,648,789.00 488,141.35 0 0
28 3/20/02 81,024,986.37 488,141.35 3,623,802.63 62,132.81
29 4/20/02 77,238,764.13 467,244.09 3,786,222.24 64,211.26
30 5/20/02 73,469,297.07 445,410.21 3,769,467.06 62,707.90
31 6/20/02 68,002,748.59 423,672.95 5,466,548.48 61,141.81
32 7/20/02 60,550,412.93 392,149.18 7,452,335.66 59,591.32
33 8/20/02 56,904,168.53 349,174.05 3,646,244.40 57,864.63
34 9/20/02 51,051,324.29 328,147.37 5,852,844.24 56,375.22
35 10/20/02 39,423,710.59 294,395.97 11,627,613.69 54,913.51
36 11/20/02 27,150,714.86 227,343.40 12,272,995.74 53,545.61
37 12/20/02 22,428,827.41 156,569.12 4,721,887.44 52,242.44
38 1/20/03 11,548,813.53 129,339.57 10,880,013.88 50,938.78
39 2/20/03 8,347,314.43 66,598.16 3,201,499.10 49,736.01
40 3/20/03 3,781,929.92 48,136.18 4,565,384.52 48,538.46
41 4/20/03 636,761.21 21,809.13 3,145,168.71 47,338.14
42 5/20/03 0.00 3,671.99 636,761.21 9,376.16
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 17
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 9.00%
During Open/Fixed Penalty 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 84,648,789.00 488,141.35 0 0
2 1/20/00 84,648,789.00 488,141.35 0 0
3 2/20/00 84,648,789.00 488,141.35 0 0
4 3/20/00 84,648,789.00 488,141.35 0 0
5 4/20/00 84,648,789.00 488,141.35 0 0
6 5/20/00 84,648,789.00 488,141.35 0 0
7 6/20/00 84,648,789.00 488,141.35 0 0
8 7/20/00 84,648,789.00 488,141.35 0 0
9 8/20/00 84,648,789.00 488,141.35 0 0
10 9/20/00 84,648,789.00 488,141.35 0 0
11 10/20/00 84,648,789.00 488,141.35 0 0
12 11/20/00 84,648,789.00 488,141.35 0 0
13 12/20/00 84,648,789.00 488,141.35 0 0
14 1/20/01 84,648,789.00 488,141.35 0 0
15 2/20/01 84,648,789.00 488,141.35 0 0
16 3/20/01 84,648,789.00 488,141.35 0 0
17 4/20/01 84,648,789.00 488,141.35 0 0
18 5/20/01 84,648,789.00 488,141.35 0 0
19 6/20/01 84,648,789.00 488,141.35 0 0
20 7/20/01 84,648,789.00 488,141.35 0 0
21 8/20/01 84,648,789.00 488,141.35 0 0
22 9/20/01 84,648,789.00 488,141.35 0 0
23 10/20/01 84,648,789.00 488,141.35 0 0
24 11/20/01 82,323,554.51 488,141.35 2,325,234.49 44,845.05
25 12/20/01 77,983,784.48 474,732.50 4,339,770.03 82,256.92
26 1/20/02 73,686,258.89 449,706.49 4,297,525.59 80,378.32
27 2/20/02 69,423,316.89 424,924.09 4,262,942.01 78,499.62
28 3/20/02 65,173,185.19 400,341.13 4,250,131.69 76,573.61
29 4/20/02 60,978,613.66 375,832.03 4,194,571.53 74,718.60
30 5/20/02 56,810,792.44 351,643.34 4,167,821.22 72,869.88
31 6/20/02 51,026,675.03 327,608.90 5,784,117.42 70,953.27
32 7/20/02 43,356,496.05 294,253.83 7,670,178.98 69,059.82
33 8/20/02 39,345,232.27 250,022.46 4,011,263.78 66,967.47
34 9/20/02 33,237,460.14 226,890.84 6,107,772.13 65,154.93
35 10/20/02 21,639,749.66 191,669.35 11,597,710.48 63,379.16
36 11/20/02 9,458,431.82 124,789.22 12,181,317.84 61,716.25
37 12/20/02 4,489,501.92 54,543.62 4,968,929.91 60,132.24
38 1/20/03 0.00 25,889.46 4,489,501.92 24,331.88
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 18
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the
weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,390,842.63 0 0
2 1/20/00 232,000,439.00 1,390,842.63 0 0
3 2/20/00 232,000,439.00 1,390,842.63 0 0
4 3/20/00 232,000,439.00 1,390,842.63 0 0
5 4/20/00 232,000,439.00 1,390,842.63 0 0
6 5/20/00 232,000,439.00 1,390,842.63 0 0
7 6/20/00 232,000,439.00 1,390,842.63 0 0
8 7/20/00 232,000,439.00 1,390,842.63 0 0
9 8/20/00 232,000,439.00 1,390,842.63 0 0
10 9/20/00 232,000,439.00 1,390,842.63 0 0
11 10/20/00 232,000,439.00 1,390,842.63 0 0
12 11/20/00 232,000,439.00 1,390,842.63 0 0
13 12/20/00 232,000,439.00 1,390,842.63 0 0
14 1/20/01 232,000,439.00 1,390,842.63 0 0
15 2/20/01 232,000,439.00 1,390,842.63 0 0
16 3/20/01 232,000,439.00 1,390,842.63 0 0
17 4/20/01 232,000,439.00 1,390,842.63 0 0
18 5/20/01 232,000,439.00 1,390,842.63 0 0
19 6/20/01 232,000,439.00 1,390,842.63 0 0
20 7/20/01 232,000,439.00 1,390,842.63 0 0
21 8/20/01 232,000,439.00 1,390,842.63 0 0
22 9/20/01 232,000,439.00 1,390,842.63 0 0
23 10/20/01 232,000,439.00 1,390,842.63 0 0
24 11/20/01 232,000,439.00 1,390,842.63 0 0
25 12/20/01 232,000,439.00 1,390,842.63 0 0
26 1/20/02 232,000,439.00 1,390,842.63 0 0
27 2/20/02 232,000,439.00 1,390,842.63 0 0
28 3/20/02 232,000,439.00 1,390,842.63 0 0
29 4/20/02 232,000,439.00 1,390,842.63 0 0
30 5/20/02 232,000,439.00 1,390,842.63 0 0
31 6/20/02 232,000,439.00 1,390,842.63 0 0
32 7/20/02 232,000,439.00 1,390,842.63 0 0
33 8/20/02 232,000,439.00 1,390,842.63 0 0
34 9/20/02 232,000,439.00 1,390,842.63 0 0
35 10/20/02 232,000,439.00 1,390,842.63 0 0
36 11/20/02 232,000,439.00 1,390,842.63 0 0
37 12/20/02 232,000,439.00 1,390,842.63 0 0
38 1/20/03 232,000,439.00 1,390,842.63 0 0
39 2/20/03 232,000,439.00 1,390,842.63 0 0
40 3/20/03 232,000,439.00 1,390,842.63 0 0
41 4/20/03 232,000,439.00 1,390,842.63 0 0
42 5/20/03 232,000,439.00 1,390,842.63 0 0
43 6/20/03 232,000,439.00 1,390,842.63 0 0
44 7/20/03 232,000,439.00 1,390,842.63 0 0
45 8/20/03 232,000,439.00 1,390,842.63 0 0
46 9/20/03 232,000,439.00 1,390,842.63 0 0
47 10/20/03 232,000,439.00 1,390,842.63 0 0
48 11/20/03 232,000,439.00 1,390,842.63 0 0
49 12/20/03 232,000,439.00 1,390,842.63 0 0
50 1/20/04 232,000,439.00 1,390,842.63 0 0
51 2/20/04 232,000,439.00 1,390,842.63 0 0
52 3/20/04 232,000,439.00 1,390,842.63 0 0
53 4/20/04 232,000,439.00 1,390,842.63 0 0
54 5/20/04 232,000,439.00 1,390,842.63 0 0
55 6/20/04 232,000,439.00 1,390,842.63 0 0
56 7/20/04 232,000,439.00 1,390,842.63 0 0
57 8/20/04 232,000,439.00 1,390,842.63 0 0
58 9/20/04 232,000,439.00 1,390,842.63 0 0
59 10/20/04 232,000,439.00 1,390,842.63 0 0
60 11/20/04 232,000,439.00 1,390,842.63 0 0
61 12/20/04 232,000,439.00 1,390,842.63 0 0
62 1/20/05 232,000,439.00 1,390,842.63 0 0
63 2/20/05 232,000,439.00 1,390,842.63 0 0
64 3/20/05 232,000,439.00 1,390,842.63 0 0
65 4/20/05 232,000,439.00 1,390,842.63 0 0
66 5/20/05 232,000,439.00 1,390,842.63 0 0
67 6/20/05 232,000,439.00 1,390,842.63 0 0
68 7/20/05 232,000,439.00 1,390,842.63 0 0
69 8/20/05 232,000,439.00 1,390,842.63 0 0
70 9/20/05 221,550,900.01 1,390,842.63 10,449,538.99 0
71 10/20/05 210,103,077.45 1,328,197.65 11,447,822.56 0
72 11/20/05 193,045,341.71 1,259,567.95 17,057,735.73 0
73 12/20/05 175,766,009.57 1,157,306.82 17,279,332.14 0
74 1/20/06 142,782,183.41 1,053,717.23 32,983,826.16 0
75 2/20/06 135,412,375.26 855,979.19 7,369,808.14 0
76 3/20/06 121,919,777.58 811,797.19 13,492,597.68 0
77 4/20/06 115,513,684.58 730,909.07 6,406,093.00 0
78 5/20/06 99,276,291.27 692,504.54 16,237,393.32 0
79 6/20/06 92,088,138.07 595,161.37 7,188,153.19 0
80 7/20/06 84,687,021.54 552,068.39 7,401,116.53 0
81 8/20/06 69,977,458.73 507,698.69 14,709,562.81 0
82 9/20/06 67,504,827.82 419,514.87 2,472,630.91 0
83 10/20/06 66,708,091.40 404,691.44 796,736.42 0
84 11/20/06 62,974,497.03 399,915.01 3,733,594.37 0
85 12/20/06 44,753,630.43 377,532.11 18,220,866.61 0
86 1/20/07 37,621,962.71 268,298.01 7,131,667.72 0
87 2/20/07 30,646,413.16 225,543.67 6,975,549.55 0
88 3/20/07 25,206,710.04 183,725.25 5,439,703.11 0
89 4/20/07 21,355,626.18 151,114.23 3,851,083.86 0
90 5/20/07 20,669,817.78 128,026.98 685,808.40 0
91 6/20/07 19,980,889.94 123,915.56 688,927.84 0
92 7/20/07 9,653,830.47 119,785.44 10,327,059.47 0
93 8/20/07 558,532.72 57,874.71 9,095,297.75 0
94 9/20/07 0.00 3,348.40 558,532.72 0
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 19
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed
the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 3.00%
During Open/Fixed Penalty 3.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,390,842.63 0 0
2 1/20/00 232,000,439.00 1,390,842.63 0 0
3 2/20/00 232,000,439.00 1,390,842.63 0 0
4 3/20/00 232,000,439.00 1,390,842.63 0 0
5 4/20/00 232,000,439.00 1,390,842.63 0 0
6 5/20/00 232,000,439.00 1,390,842.63 0 0
7 6/20/00 232,000,439.00 1,390,842.63 0 0
8 7/20/00 232,000,439.00 1,390,842.63 0 0
9 8/20/00 232,000,439.00 1,390,842.63 0 0
10 9/20/00 232,000,439.00 1,390,842.63 0 0
11 10/20/00 232,000,439.00 1,390,842.63 0 0
12 11/20/00 232,000,439.00 1,390,842.63 0 0
13 12/20/00 232,000,439.00 1,390,842.63 0 0
14 1/20/01 232,000,439.00 1,390,842.63 0 0
15 2/20/01 232,000,439.00 1,390,842.63 0 0
16 3/20/01 232,000,439.00 1,390,842.63 0 0
17 4/20/01 232,000,439.00 1,390,842.63 0 0
18 5/20/01 232,000,439.00 1,390,842.63 0 0
19 6/20/01 232,000,439.00 1,390,842.63 0 0
20 7/20/01 232,000,439.00 1,390,842.63 0 0
21 8/20/01 232,000,439.00 1,390,842.63 0 0
22 9/20/01 232,000,439.00 1,390,842.63 0 0
23 10/20/01 232,000,439.00 1,390,842.63 0 0
24 11/20/01 232,000,439.00 1,390,842.63 0 0
25 12/20/01 232,000,439.00 1,390,842.63 0 0
26 1/20/02 232,000,439.00 1,390,842.63 0 0
27 2/20/02 232,000,439.00 1,390,842.63 0 0
28 3/20/02 232,000,439.00 1,390,842.63 0 0
29 4/20/02 232,000,439.00 1,390,842.63 0 0
30 5/20/02 232,000,439.00 1,390,842.63 0 0
31 6/20/02 232,000,439.00 1,390,842.63 0 0
32 7/20/02 232,000,439.00 1,390,842.63 0 0
33 8/20/02 232,000,439.00 1,390,842.63 0 0
34 9/20/02 232,000,439.00 1,390,842.63 0 0
35 10/20/02 232,000,439.00 1,390,842.63 0 0
36 11/20/02 232,000,439.00 1,390,842.63 0 0
37 12/20/02 232,000,439.00 1,390,842.63 0 0
38 1/20/03 232,000,439.00 1,390,842.63 0 0
39 2/20/03 232,000,439.00 1,390,842.63 0 0
40 3/20/03 232,000,439.00 1,390,842.63 0 0
41 4/20/03 232,000,439.00 1,390,842.63 0 0
42 5/20/03 232,000,439.00 1,390,842.63 0 0
43 6/20/03 232,000,439.00 1,390,842.63 0 0
44 7/20/03 232,000,439.00 1,390,842.63 0 0
45 8/20/03 232,000,439.00 1,390,842.63 0 0
46 9/20/03 232,000,439.00 1,390,842.63 0 0
47 10/20/03 232,000,439.00 1,390,842.63 0 0
48 11/20/03 232,000,439.00 1,390,842.63 0 0
49 12/20/03 232,000,439.00 1,390,842.63 0 0
50 1/20/04 232,000,439.00 1,390,842.63 0 0
51 2/20/04 232,000,439.00 1,390,842.63 0 0
52 3/20/04 232,000,439.00 1,390,842.63 0 0
53 4/20/04 232,000,439.00 1,390,842.63 0 0
54 5/20/04 232,000,439.00 1,390,842.63 0 0
55 6/20/04 232,000,439.00 1,390,842.63 0 0
56 7/20/04 232,000,439.00 1,390,842.63 0 0
57 8/20/04 232,000,439.00 1,390,842.63 0 0
58 9/20/04 232,000,439.00 1,390,842.63 0 0
59 10/20/04 232,000,439.00 1,390,842.63 0 0
60 11/20/04 228,236,406.14 1,390,842.63 3,764,032.86 8,360.45
61 12/20/04 221,774,975.72 1,368,277.25 6,461,430.42 14,939.01
62 1/20/05 213,069,246.88 1,329,540.98 8,705,728.84 14,310.16
63 2/20/05 210,133,833.63 1,277,350.14 2,935,413.25 13,694.98
64 3/20/05 206,823,024.02 1,259,752.33 3,310,809.61 13,080.24
65 4/20/05 203,977,544.83 1,239,904.03 2,845,479.18 12,458.25
66 5/20/05 199,354,362.09 1,222,845.38 4,623,182.75 11,825.62
67 6/20/05 196,385,817.78 1,195,129.40 2,968,544.31 11,194.03
68 7/20/05 190,748,352.85 1,177,332.98 5,637,464.93 10,549.98
69 8/20/05 178,572,989.62 1,143,536.38 12,175,363.23 9,920.33
70 9/20/05 167,499,188.23 1,070,545.07 11,073,801.39 9,309.99
71 10/20/05 157,234,533.49 1,004,157.63 10,264,654.73 8,689.04
72 11/20/05 142,347,234.48 942,621.03 14,887,299.02 8,137.60
73 12/20/05 127,349,579.34 853,371.67 14,997,655.13 7,607.86
74 1/20/06 99,411,175.02 763,460.73 27,938,404.33 7,116.09
75 2/20/06 92,786,802.04 595,969.99 6,624,372.97 6,728.79
76 3/20/06 81,146,073.92 556,256.88 11,640,728.12 6,361.50
77 4/20/06 75,391,477.31 486,470.71 5,754,596.61 6,006.86
78 5/20/06 61,599,400.96 451,971.91 13,792,076.35 5,651.33
79 6/20/06 55,281,073.73 369,288.41 6,318,327.23 5,348.44
80 7/20/06 48,819,848.46 331,410.04 6,461,225.26 5,063.61
81 8/20/06 36,440,079.93 292,674.99 12,379,768.53 4,788.02
82 9/20/06 34,059,605.79 218,458.28 2,380,474.14 4,557.57
83 10/20/06 33,047,792.10 204,187.34 1,011,813.69 4,322.20
84 11/20/06 29,667,248.65 198,121.51 3,380,543.45 4,079.04
85 12/20/06 14,627,128.96 177,855.16 15,040,119.69 3,837.68
86 1/20/07 8,576,876.02 87,689.64 6,050,252.94 3,632.50
87 2/20/07 2,681,678.34 51,418.37 5,895,197.68 3,441.29
88 3/20/07 0.00 16,076.66 2,681,678.34 1,891.01
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
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 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 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 connection with the proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 20
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed(1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed
the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 4.50%
During Open/Fixed Penalty 4.50%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,390,842.63 0 0
2 1/20/00 232,000,439.00 1,390,842.63 0 0
3 2/20/00 232,000,439.00 1,390,842.63 0 0
4 3/20/00 232,000,439.00 1,390,842.63 0 0
5 4/20/00 232,000,439.00 1,390,842.63 0 0
6 5/20/00 232,000,439.00 1,390,842.63 0 0
7 6/20/00 232,000,439.00 1,390,842.63 0 0
8 7/20/00 232,000,439.00 1,390,842.63 0 0
9 8/20/00 232,000,439.00 1,390,842.63 0 0
10 9/20/00 232,000,439.00 1,390,842.63 0 0
11 10/20/00 232,000,439.00 1,390,842.63 0 0
12 11/20/00 232,000,439.00 1,390,842.63 0 0
13 12/20/00 232,000,439.00 1,390,842.63 0 0
14 1/20/01 232,000,439.00 1,390,842.63 0 0
15 2/20/01 232,000,439.00 1,390,842.63 0 0
16 3/20/01 232,000,439.00 1,390,842.63 0 0
17 4/20/01 232,000,439.00 1,390,842.63 0 0
18 5/20/01 232,000,439.00 1,390,842.63 0 0
19 6/20/01 232,000,439.00 1,390,842.63 0 0
20 7/20/01 232,000,439.00 1,390,842.63 0 0
21 8/20/01 232,000,439.00 1,390,842.63 0 0
22 9/20/01 232,000,439.00 1,390,842.63 0 0
23 10/20/01 232,000,439.00 1,390,842.63 0 0
24 11/20/01 232,000,439.00 1,390,842.63 0 0
25 12/20/01 232,000,439.00 1,390,842.63 0 0
26 1/20/02 232,000,439.00 1,390,842.63 0 0
27 2/20/02 232,000,439.00 1,390,842.63 0 0
28 3/20/02 232,000,439.00 1,390,842.63 0 0
29 4/20/02 232,000,439.00 1,390,842.63 0 0
30 5/20/02 232,000,439.00 1,390,842.63 0 0
31 6/20/02 232,000,439.00 1,390,842.63 0 0
32 7/20/02 232,000,439.00 1,390,842.63 0 0
33 8/20/02 232,000,439.00 1,390,842.63 0 0
34 9/20/02 232,000,439.00 1,390,842.63 0 0
35 10/20/02 232,000,439.00 1,390,842.63 0 0
36 11/20/02 232,000,439.00 1,390,842.63 0 0
37 12/20/02 232,000,439.00 1,390,842.63 0 0
38 1/20/03 232,000,439.00 1,390,842.63 0 0
39 2/20/03 232,000,439.00 1,390,842.63 0 0
40 3/20/03 232,000,439.00 1,390,842.63 0 0
41 4/20/03 232,000,439.00 1,390,842.63 0 0
42 5/20/03 232,000,439.00 1,390,842.63 0 0
43 6/20/03 232,000,439.00 1,390,842.63 0 0
44 7/20/03 232,000,439.00 1,390,842.63 0 0
45 8/20/03 232,000,439.00 1,390,842.63 0 0
46 9/20/03 232,000,439.00 1,390,842.63 0 0
47 10/20/03 232,000,439.00 1,390,842.63 0 0
48 11/20/03 232,000,439.00 1,390,842.63 0 0
49 12/20/03 232,000,439.00 1,390,842.63 0 0
50 1/20/04 232,000,439.00 1,390,842.63 0 0
51 2/20/04 232,000,439.00 1,390,842.63 0 0
52 3/20/04 232,000,439.00 1,390,842.63 0 0
53 4/20/04 232,000,439.00 1,390,842.63 0 0
54 5/20/04 232,000,439.00 1,390,842.63 0 0
55 6/20/04 231,848,974.70 1,390,842.63 151,464.30 1,079.81
56 7/20/04 229,528,109.67 1,389,934.60 2,320,865.03 25,494.04
57 8/20/04 221,877,880.05 1,376,021.02 7,650,229.63 24,586.98
58 9/20/04 214,403,999.85 1,330,157.89 7,473,880.20 23,698.13
59 10/20/04 209,741,272.25 1,285,351.98 4,662,727.60 22,802.93
60 11/20/04 202,844,152.15 1,257,398.93 6,897,120.10 21,776.50
61 12/20/04 196,468,194.67 1,216,050.69 6,375,957.48 20,876.23
62 1/20/05 188,037,590.67 1,177,826.83 8,430,604.00 19,971.50
63 2/20/05 184,945,341.29 1,127,285.36 3,092,249.38 19,088.13
64 3/20/05 181,515,160.30 1,108,747.32 3,430,180.99 18,207.64
65 4/20/05 178,521,046.46 1,088,183.39 2,994,113.84 17,319.33
66 5/20/05 173,902,538.95 1,070,233.67 4,618,507.52 16,418.52
67 6/20/05 170,812,279.96 1,042,545.72 3,090,258.98 15,521.46
68 7/20/05 165,286,236.48 1,024,019.62 5,526,043.48 14,609.44
69 8/20/05 153,796,556.74 990,890.99 11,489,679.75 13,719.68
70 9/20/05 143,342,072.06 922,010.36 10,454,484.67 12,858.88
71 10/20/05 133,652,151.75 859,335.72 9,689,920.31 11,985.65
72 11/20/05 119,776,974.08 801,244.65 13,875,177.67 11,210.43
73 12/20/05 105,837,027.69 718,062.96 13,939,946.39 10,467.05
74 1/20/06 80,177,917.55 634,492.98 25,659,110.14 9,777.76
75 2/20/06 73,920,901.04 480,666.62 6,257,016.50 9,233.59
76 3/20/06 63,134,929.76 443,155.80 10,785,971.29 8,718.25
77 4/20/06 57,702,627.00 378,493.90 5,432,302.76 8,221.55
78 5/20/06 45,020,974.06 345,927.25 12,681,652.93 7,724.90
79 6/20/06 39,116,928.10 269,900.74 5,904,045.96 7,301.38
80 7/20/06 33,099,149.29 234,505.98 6,017,778.81 6,903.58
81 8/20/06 21,769,178.89 198,429.40 11,329,970.41 6,519.37
82 9/20/06 19,457,531.76 130,506.23 2,311,647.13 6,197.54
83 10/20/06 18,380,462.36 116,647.90 1,077,069.40 5,869.84
84 11/20/06 15,182,055.65 110,190.87 3,198,406.71 5,532.43
85 12/20/06 1,550,779.83 91,016.42 13,631,275.82 5,198.31
86 1/20/07 0.00 9,296.93 1,550,779.83 1,371.52
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ----------- ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 21
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed
the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
PREPAYMENT (CPR) SCENARIO 1
PORTFOLIO MORTGAGE LOANS
During YM 6.00%
During Open/Fixed Penalty 6.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,390,842.63 0 0
2 1/20/00 232,000,439.00 1,390,842.63 0 0
3 2/20/00 232,000,439.00 1,390,842.63 0 0
4 3/20/00 232,000,439.00 1,390,842.63 0 0
5 4/20/00 232,000,439.00 1,390,842.63 0 0
6 5/20/00 232,000,439.00 1,390,842.63 0 0
7 6/20/00 232,000,439.00 1,390,842.63 0 0
8 7/20/00 232,000,439.00 1,390,842.63 0 0
9 8/20/00 232,000,439.00 1,390,842.63 0 0
10 9/20/00 232,000,439.00 1,390,842.63 0 0
11 10/20/00 232,000,439.00 1,390,842.63 0 0
12 11/20/00 232,000,439.00 1,390,842.63 0 0
13 12/20/00 232,000,439.00 1,390,842.63 0 0
14 1/20/01 232,000,439.00 1,390,842.63 0 0
15 2/20/01 232,000,439.00 1,390,842.63 0 0
16 3/20/01 232,000,439.00 1,390,842.63 0 0
17 4/20/01 232,000,439.00 1,390,842.63 0 0
18 5/20/01 232,000,439.00 1,390,842.63 0 0
19 6/20/01 232,000,439.00 1,390,842.63 0 0
20 7/20/01 232,000,439.00 1,390,842.63 0 0
21 8/20/01 232,000,439.00 1,390,842.63 0 0
22 9/20/01 232,000,439.00 1,390,842.63 0 0
23 10/20/01 232,000,439.00 1,390,842.63 0 0
24 11/20/01 232,000,439.00 1,390,842.63 0 0
25 12/20/01 232,000,439.00 1,390,842.63 0 0
26 1/20/02 232,000,439.00 1,390,842.63 0 0
27 2/20/02 232,000,439.00 1,390,842.63 0 0
28 3/20/02 232,000,439.00 1,390,842.63 0 0
29 4/20/02 232,000,439.00 1,390,842.63 0 0
30 5/20/02 232,000,439.00 1,390,842.63 0 0
31 6/20/02 232,000,439.00 1,390,842.63 0 0
32 7/20/02 232,000,439.00 1,390,842.63 0 0
33 8/20/02 232,000,439.00 1,390,842.63 0 0
34 9/20/02 232,000,439.00 1,390,842.63 0 0
35 10/20/02 232,000,439.00 1,390,842.63 0 0
36 11/20/02 232,000,439.00 1,390,842.63 0 0
37 12/20/02 232,000,439.00 1,390,842.63 0 0
38 1/20/03 232,000,439.00 1,390,842.63 0 0
39 2/20/03 232,000,439.00 1,390,842.63 0 0
40 3/20/03 232,000,439.00 1,390,842.63 0 0
41 4/20/03 232,000,439.00 1,390,842.63 0 0
42 5/20/03 232,000,439.00 1,390,842.63 0 0
43 6/20/03 232,000,439.00 1,390,842.63 0 0
44 7/20/03 232,000,439.00 1,390,842.63 0 0
45 8/20/03 232,000,439.00 1,390,842.63 0 0
46 9/20/03 232,000,439.00 1,390,842.63 0 0
47 10/20/03 231,961,237.56 1,390,842.63 39,201.44 606.4
48 11/20/03 229,246,592.16 1,390,607.62 2,714,645.40 41,092.62
49 12/20/03 226,538,039.54 1,374,333.32 2,708,552.62 39,919.56
50 1/20/04 223,847,950.16 1,358,095.55 2,690,089.39 38,756.05
51 2/20/04 221,170,045.11 1,341,968.46 2,677,905.05 37,629.44
52 3/20/04 217,010,795.84 1,325,914.42 4,159,249.27 36,487.14
53 4/20/04 214,367,550.17 1,300,979.72 2,643,245.67 35,270.12
54 5/20/04 211,755,170.65 1,285,133.46 2,612,379.52 34,131.88
55 6/20/04 207,888,701.95 1,269,472.25 3,866,468.70 32,993.85
56 7/20/04 205,313,371.77 1,246,292.77 2,575,330.18 31,840.89
57 8/20/04 197,800,981.70 1,230,853.66 7,512,390.07 30,667.53
58 9/20/04 190,471,210.40 1,185,816.89 7,329,771.30 29,519.88
59 10/20/04 185,760,867.98 1,141,874.91 4,710,342.43 28,367.32
60 11/20/04 178,998,079.75 1,113,636.40 6,762,788.23 27,054.70
61 12/20/04 172,733,473.44 1,073,093.49 6,264,606.30 25,902.03
62 1/20/05 164,591,608.11 1,035,537.17 8,141,865.34 24,746.83
63 2/20/05 161,383,314.12 986,726.69 3,208,293.99 23,621.05
64 3/20/05 157,872,431.82 967,492.97 3,510,882.30 22,501.76
65 4/20/05 154,770,565.82 946,445.23 3,101,866.00 21,375.73
66 5/20/05 150,187,476.77 927,849.54 4,583,089.05 20,237.23
67 6/20/05 147,014,972.74 900,373.92 3,172,504.03 19,106.30
68 7/20/05 141,623,599.54 881,354.76 5,391,373.20 17,959.92
69 8/20/05 130,801,257.77 849,033.48 10,822,341.77 16,843.87
70 9/20/05 120,950,890.67 784,153.54 9,850,367.10 15,766.24
71 10/20/05 111,822,277.80 725,100.59 9,128,612.87 14,676.21
72 11/20/05 98,911,330.88 670,374.56 12,910,946.92 13,708.86
73 12/20/05 85,975,219.69 592,973.43 12,936,111.19 12,782.93
74 1/20/06 62,443,727.98 515,421.44 23,531,491.72 11,925.39
75 2/20/06 56,548,185.75 374,350.15 5,895,542.22 11,246.85
76 3/20/06 46,571,010.47 339,006.37 9,977,175.28 10,605.15
77 4/20/06 41,456,379.53 279,193.21 5,114,630.94 9,987.76
78 5/20/06 29,814,503.29 248,531.00 11,641,876.24 9,372.04
79 6/20/06 24,309,844.60 178,737.95 5,504,658.69 8,846.54
80 7/20/06 18,717,116.06 145,737.52 5,592,728.54 8,353.52
81 8/20/06 8,365,102.93 112,209.11 10,352,013.14 7,878.23
82 9/20/06 6,133,787.06 50,148.79 2,231,315.87 7,479.43
83 10/20/06 5,014,677.15 36,772.05 1,119,109.91 7,074.61
84 11/20/06 1,999,507.22 30,062.99 3,015,169.93 6,659.16
85 12/20/06 0.00 11,987.05 1,999,507.22 1,013.04
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 22
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed
the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 7.50%
During Open/Fixed Penalty 7.50%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,390,842.63 0 0
2 1/20/00 232,000,439.00 1,390,842.63 0 0
3 2/20/00 232,000,439.00 1,390,842.63 0 0
4 3/20/00 232,000,439.00 1,390,842.63 0 0
5 4/20/00 232,000,439.00 1,390,842.63 0 0
6 5/20/00 232,000,439.00 1,390,842.63 0 0
7 6/20/00 232,000,439.00 1,390,842.63 0 0
8 7/20/00 232,000,439.00 1,390,842.63 0 0
9 8/20/00 232,000,439.00 1,390,842.63 0 0
10 9/20/00 232,000,439.00 1,390,842.63 0 0
11 10/20/00 232,000,439.00 1,390,842.63 0 0
12 11/20/00 232,000,439.00 1,390,842.63 0 0
13 12/20/00 232,000,439.00 1,390,842.63 0 0
14 1/20/01 232,000,439.00 1,390,842.63 0 0
15 2/20/01 232,000,439.00 1,390,842.63 0 0
16 3/20/01 232,000,439.00 1,390,842.63 0 0
17 4/20/01 232,000,439.00 1,390,842.63 0 0
18 5/20/01 232,000,439.00 1,390,842.63 0 0
19 6/20/01 232,000,439.00 1,390,842.63 0 0
20 7/20/01 232,000,439.00 1,390,842.63 0 0
21 8/20/01 232,000,439.00 1,390,842.63 0 0
22 9/20/01 232,000,439.00 1,390,842.63 0 0
23 10/20/01 232,000,439.00 1,390,842.63 0 0
24 11/20/01 232,000,439.00 1,390,842.63 0 0
25 12/20/01 232,000,439.00 1,390,842.63 0 0
26 1/20/02 232,000,439.00 1,390,842.63 0 0
27 2/20/02 232,000,439.00 1,390,842.63 0 0
28 3/20/02 232,000,439.00 1,390,842.63 0 0
29 4/20/02 232,000,439.00 1,390,842.63 0 0
30 5/20/02 232,000,439.00 1,390,842.63 0 0
31 6/20/02 232,000,439.00 1,390,842.63 0 0
32 7/20/02 232,000,439.00 1,390,842.63 0 0
33 8/20/02 232,000,439.00 1,390,842.63 0 0
34 9/20/02 232,000,439.00 1,390,842.63 0 0
35 10/20/02 232,000,439.00 1,390,842.63 0 0
36 11/20/02 232,000,439.00 1,390,842.63 0 0
37 12/20/02 232,000,439.00 1,390,842.63 0 0
38 1/20/03 232,000,439.00 1,390,842.63 0 0
39 2/20/03 232,000,439.00 1,390,842.63 0 0
40 3/20/03 232,000,439.00 1,390,842.63 0 0
41 4/20/03 232,000,439.00 1,390,842.63 0 0
42 5/20/03 229,505,853.61 1,390,842.63 2,494,585.39 46,474.43
43 6/20/03 226,400,600.95 1,375,887.59 3,105,252.66 56,740.47
44 7/20/03 223,309,019.73 1,357,271.60 3,091,581.22 54,576.34
45 8/20/03 218,012,453.43 1,338,737.57 5,296,566.30 53,033.47
46 9/20/03 214,052,539.49 1,306,984.66 3,959,913.94 51,534.10
47 10/20/03 211,051,345.34 1,283,244.97 3,001,194.15 50,054.58
48 11/20/03 208,075,136.84 1,265,252.82 2,976,208.50 48,581.74
49 12/20/03 205,112,030.70 1,247,410.45 2,963,106.14 47,131.68
50 1/20/04 202,173,558.00 1,229,646.62 2,938,472.70 45,696.65
51 2/20/04 199,253,770.95 1,212,030.48 2,919,787.05 44,308.85
52 3/20/04 194,959,644.08 1,194,526.36 4,294,126.87 42,906.23
53 4/20/04 192,088,499.37 1,168,783.07 2,871,144.71 41,419.54
54 5/20/04 189,253,209.75 1,151,570.55 2,835,289.63 40,029.15
55 6/20/04 185,260,019.72 1,134,572.99 3,993,190.03 38,642.66
56 7/20/04 182,474,753.58 1,110,633.82 2,785,266.14 37,242.35
57 8/20/04 175,122,543.76 1,093,936.15 7,352,209.82 35,821.89
58 9/20/04 167,958,464.60 1,049,859.65 7,164,079.16 34,435.16
59 10/20/04 163,233,305.68 1,006,911.00 4,725,158.92 33,046.36
60 11/20/04 156,626,476.41 978,583.67 6,606,829.27 31,475.01
61 12/20/04 150,495,923.19 938,975.73 6,130,553.22 30,093.64
62 1/20/05 142,653,771.26 902,223.06 7,842,151.93 28,712.98
63 2/20/05 139,366,190.72 855,209.36 3,287,580.53 27,370.07
64 3/20/05 135,809,253.25 835,500.31 3,556,937.48 26,038.20
65 4/20/05 132,636,283.15 814,176.47 3,172,970.10 24,702.06
66 5/20/05 128,115,568.53 795,154.52 4,520,714.62 23,355.06
67 6/20/05 124,895,946.73 768,052.83 3,219,621.80 22,020.36
68 7/20/05 119,658,969.54 748,751.20 5,236,977.20 20,671.42
69 8/20/05 109,484,439.46 717,355.52 10,174,530.07 19,360.90
70 9/20/05 100,221,673.34 656,359.21 9,262,766.13 18,097.96
71 10/20/05 91,639,557.55 600,828.93 8,582,115.78 16,824.15
72 11/20/05 79,645,718.12 549,379.15 11,993,839.44 15,694.17
73 12/20/05 67,660,831.75 477,476.08 11,984,886.36 14,614.54
74 1/20/06 46,112,924.28 405,626.69 21,547,907.47 13,615.86
75 2/20/06 40,571,507.17 276,446.98 5,541,417.11 12,823.93
76 3/20/06 31,358,374.00 243,226.19 9,213,133.17 12,076.05
77 4/20/06 26,555,323.98 187,993.45 4,803,050.02 11,357.79
78 5/20/06 15,885,661.95 159,199.17 10,669,662.03 10,643.34
79 6/20/06 10,764,854.96 95,234.54 5,120,806.99 10,033.10
80 7/20/06 5,578,427.04 64,535.31 5,186,427.93 9,461.27
81 8/20/06 0.00 33,442.67 5,578,427.04 5,264.51
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 23
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed
the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 9.00%
During Open/Fixed Penalty 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,390,842.63 0 0
2 1/20/00 232,000,439.00 1,390,842.63 0 0
3 2/20/00 232,000,439.00 1,390,842.63 0 0
4 3/20/00 232,000,439.00 1,390,842.63 0 0
5 4/20/00 232,000,439.00 1,390,842.63 0 0
6 5/20/00 232,000,439.00 1,390,842.63 0 0
7 6/20/00 232,000,439.00 1,390,842.63 0 0
8 7/20/00 232,000,439.00 1,390,842.63 0 0
9 8/20/00 232,000,439.00 1,390,842.63 0 0
10 9/20/00 232,000,439.00 1,390,842.63 0 0
11 10/20/00 232,000,439.00 1,390,842.63 0 0
12 11/20/00 232,000,439.00 1,390,842.63 0 0
13 12/20/00 232,000,439.00 1,390,842.63 0 0
14 1/20/01 232,000,439.00 1,390,842.63 0 0
15 2/20/01 232,000,439.00 1,390,842.63 0 0
16 3/20/01 232,000,439.00 1,390,842.63 0 0
17 4/20/01 232,000,439.00 1,390,842.63 0 0
18 5/20/01 232,000,439.00 1,390,842.63 0 0
19 6/20/01 232,000,439.00 1,390,842.63 0 0
20 7/20/01 232,000,439.00 1,390,842.63 0 0
21 8/20/01 232,000,439.00 1,390,842.63 0 0
22 9/20/01 232,000,439.00 1,390,842.63 0 0
23 10/20/01 232,000,439.00 1,390,842.63 0 0
24 11/20/01 232,000,439.00 1,390,842.63 0 0
25 12/20/01 232,000,439.00 1,390,842.63 0 0
26 1/20/02 232,000,439.00 1,390,842.63 0 0
27 2/20/02 232,000,439.00 1,390,842.63 0 0
28 3/20/02 232,000,439.00 1,390,842.63 0 0
29 4/20/02 232,000,439.00 1,390,842.63 0 0
30 5/20/02 232,000,439.00 1,390,842.63 0 0
31 6/20/02 232,000,439.00 1,390,842.63 0 0
32 7/20/02 232,000,439.00 1,390,842.63 0 0
33 8/20/02 232,000,439.00 1,390,842.63 0 0
34 9/20/02 232,000,439.00 1,390,842.63 0 0
35 10/20/02 232,000,439.00 1,390,842.63 0 0
36 11/20/02 232,000,439.00 1,390,842.63 0 0
37 12/20/02 232,000,439.00 1,390,842.63 0 0
38 1/20/03 225,686,470.35 1,390,842.63 6,313,968.65 43,518.64
39 2/20/03 222,192,943.58 1,352,990.39 3,493,526.77 72,512.41
40 3/20/03 217,416,759.91 1,332,046.70 4,776,183.67 70,577.58
41 4/20/03 213,996,023.35 1,303,413.48 3,420,736.55 68,650.28
42 5/20/03 210,597,047.03 1,282,906.16 3,398,976.32 66,691.78
43 6/20/03 207,231,333.79 1,262,529.30 3,365,713.24 64,777.88
44 7/20/03 203,887,066.17 1,242,351.85 3,344,267.62 62,222.36
45 8/20/03 198,477,456.32 1,222,302.96 5,409,609.85 60,381.02
46 9/20/03 194,337,447.21 1,189,872.35 4,140,009.11 58,594.03
47 10/20/03 191,107,391.89 1,165,053.00 3,230,055.32 56,834.34
48 11/20/03 187,908,970.94 1,145,688.81 3,198,420.95 55,086.91
49 12/20/03 184,730,956.44 1,126,514.28 3,178,014.50 53,369.91
50 1/20/04 181,584,053.81 1,107,462.08 3,146,902.63 51,674.50
51 2/20/04 178,462,604.34 1,088,596.40 3,121,449.46 50,036.94
52 3/20/04 174,068,771.19 1,069,883.31 4,393,833.15 48,387.03
53 4/20/04 171,010,219.39 1,043,542.28 3,058,551.80 46,646.83
54 5/20/04 167,992,780.44 1,025,206.27 3,017,438.95 45,019.59
55 6/20/04 163,908,730.24 1,007,116.72 4,084,050.21 43,401.07
56 7/20/04 160,954,476.83 982,632.84 2,954,253.41 41,771.37
57 8/20/04 153,782,055.54 964,922.09 7,172,421.29 40,123.48
58 9/20/04 146,802,498.21 921,923.42 6,979,557.32 38,517.71
59 10/20/04 142,092,000.80 880,080.98 4,710,497.42 36,913.93
60 11/20/04 135,659,882.09 851,841.54 6,432,118.70 35,110.81
61 12/20/04 129,683,103.68 813,280.99 5,976,778.42 33,524.17
62 1/20/05 122,149,186.73 777,450.21 7,533,916.95 31,942.57
63 2/20/05 118,815,285.98 732,284.37 3,333,900.74 30,407.15
64 3/20/05 115,243,167.13 712,297.64 3,572,118.85 28,888.11
65 4/20/05 112,031,776.32 690,882.79 3,211,390.81 27,368.42
66 5/20/05 107,596,867.73 671,630.50 4,434,908.59 25,840.79
67 6/20/05 104,361,207.95 645,043.22 3,235,659.78 24,330.86
68 7/20/05 99,295,101.03 625,645.44 5,066,106.92 22,809.28
69 8/20/05 89,747,855.50 595,274.13 9,547,245.53 21,334.14
70 9/20/05 81,055,045.02 538,038.39 8,692,810.48 19,915.33
71 10/20/05 73,003,427.53 485,924.99 8,051,617.49 18,488.40
72 11/20/05 61,880,437.35 437,655.55 11,122,990.18 17,223.16
73 12/20/05 50,795,500.43 370,973.22 11,084,936.92 16,016.52
74 1/20/06 31,094,538.77 304,519.03 19,700,961.66 14,901.72
75 2/20/06 25,898,625.62 186,411.76 5,195,913.15 14,015.89
76 3/20/06 17,406,047.62 155,262.26 8,492,577.99 13,180.53
77 4/20/06 12,907,217.52 104,349.26 4,498,830.10 12,379.70
78 5/20/06 3,145,246.53 77,378.77 9,761,970.99 11,585.17
79 6/20/06 0.00 18,855.75 3,145,246.53 7,217.00
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 5.950 5 5.940
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
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 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 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 connection with the proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 24
CLASS: A-2
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-16 7.05 7.17 7.29 7.50 7.74
99-18 7.04 7.16 7.27 7.47 7.70
99-20 7.02 7.14 7.25 7.44 7.67
99-22 7.01 7.12 7.23 7.42 7.64
99-24 6.99 7.10 7.20 7.39 7.61
99-26 6.98 7.08 7.18 7.36 7.58
99-28 6.96 7.06 7.16 7.34 7.55
99-30 6.95 7.05 7.13 7.31 7.52
100-00 6.93 7.03 7.11 7.28 7.49
100-02 6.92 7.01 7.09 7.26 7.45
100-04 6.90 6.99 7.07 7.23 7.42
100-06 6.89 6.97 7.04 7.20 7.39
100-08 6.88 6.95 7.02 7.18 7.36
100-10 6.86 6.94 7.00 7.15 7.33
100-12 6.85 6.92 6.98 7.12 7.30
100-14 6.83 6.90 6.95 7.10 7.27
100-16 6.82 6.88 6.93 7.07 7.24
WAL (YRS) 5.19 4.02 3.15 2.65 2.23
Mod Dur 4.22 3.38 2.73 2.34 1.99
First Prin Date 04/20/2004 11/20/2002 07/20/2002 11/20/2001 08/20/2001
Final Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002
Prin Window 18 25 16 15 14
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10,1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10,1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 25
CLASS: A-3
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-16 7.33 7.34 7.38 7.45 7.52
99-18 7.31 7.33 7.37 7.44 7.50
99-20 7.30 7.32 7.35 7.42 7.49
99-22 7.29 7.30 7.34 7.41 7.47
99-24 7.28 7.29 7.33 7.39 7.45
99-26 7.26 7.28 7.31 7.38 7.44
99-28 7.25 7.26 7.30 7.36 7.42
99-30 7.24 7.25 7.29 7.35 7.40
100-00 7.23 7.24 7.27 7.33 7.39
100-02 7.22 7.22 7.26 7.32 7.37
100-04 7.20 7.21 7.24 7.30 7.35
100-06 7.19 7.20 7.23 7.29 7.34
100-08 7.18 7.19 7.22 7.27 7.32
100-10 7.17 7.17 7.20 7.26 7.30
100-12 7.15 7.16 7.19 7.24 7.29
100-14 7.14 7.15 7.18 7.23 7.27
100-16 7.13 7.13 7.16 7.21 7.26
WAL (YRS) 6.55 6.16 5.70 5.15 4.62
Mod Dur 5.05 4.81 4.51 4.13 3.76
First Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002
Final Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006
Prin Window 25 29 39 42 43
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 26
CLASS: A-4
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 110,485,256
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.3420%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-00 7.55 7.55 7.56 7.57 7.58
99-04 7.53 7.53 7.54 7.55 7.56
99-08 7.51 7.51 7.52 7.53 7.53
99-12 7.49 7.49 7.50 7.50 7.51
99-16 7.47 7.47 7.47 7.48 7.49
99-20 7.45 7.45 7.45 7.46 7.47
99-24 7.43 7.43 7.43 7.44 7.44
99-28 7.41 7.41 7.41 7.42 7.42
100-00 7.39 7.39 7.39 7.39 7.40
100-04 7.37 7.37 7.37 7.37 7.38
100-08 7.35 7.35 7.35 7.35 7.35
100-12 7.33 7.33 7.33 7.33 7.33
100-16 7.31 7.31 7.31 7.31 7.31
100-20 7.28 7.28 7.28 7.29 7.29
100-24 7.26 7.26 7.26 7.26 7.26
100-28 7.24 7.24 7.24 7.24 7.24
101-00 7.22 7.22 7.22 7.22 7.22
WAL (YRS) 8.54 8.33 8.07 7.78 7.49
Mod Dur 6.13 6.02 5.88 5.72 5.55
First Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006
Final Prin Date 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008
Prin Window 14 20 23 29 32
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 27
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-16 7.05 7.07 7.08 7.09 7.10
99-18 7.04 7.05 7.06 7.06 7.07
99-20 7.02 7.03 7.03 7.04 7.04
99-22 7.01 7.01 7.01 7.01 7.01
99-24 6.99 6.99 6.99 6.98 6.98
99-26 6.98 6.98 6.96 6.96 6.95
99-28 6.96 6.96 6.94 6.93 6.92
99-30 6.95 6.94 6.92 6.90 6.89
100-00 6.93 6.92 6.90 6.88 6.86
100-02 6.92 6.90 6.87 6.85 6.82
100-04 6.90 6.88 6.85 6.82 6.79
100-06 6.89 6.86 6.83 6.80 6.76
100-08 6.88 6.85 6.81 6.77 6.73
100-10 6.86 6.83 6.78 6.74 6.70
100-12 6.85 6.81 6.76 6.72 6.67
100-14 6.83 6.79 6.74 6.69 6.64
100-16 6.82 6.77 6.71 6.67 6.61
WAL (YRS) 5.19 4.02 3.15 2.65 2.23
Mod Dur 4.22 3.39 2.74 2.34 2.00
First Prin Date 04/20/2004 11/20/2002 07/20/2002 11/20/2001 08/20/2001
Final Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002
Prin Window 18 25 16 15 14
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) FIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 5.700
Prepay Rates are a Constant % of CPR 1/4 6.150
100% of All Prepayment Premiums are assumed to be collected 1/2 6.600
Prepayment Premiums are allocated to one or more classes 1 6.650
of the offered certificates as described in the prospectus using 2 6.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 7.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 6.080
Prepay Rates are a Constant % of CPR 1/2 6.260
100% of All Prepayment Premiums are assumed to be collected 1 6.410
Prepayment Premiums are allocated to one or more classes 2 6.780
of the offered certificates as described in the prospectus using 5 6.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 7.020
No Extensions on any Mortgage Loan 30 7.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 28
CLASS: A-3
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-16 7.33 7.33 7.34 7.36 7.37
99-18 7.31 7.32 7.33 7.34 7.36
99-20 7.30 7.30 7.31 7.33 7.34
99-22 7.29 7.29 7.30 7.31 7.32
99-24 7.28 7.28 7.29 7.30 7.31
99-26 7.26 7.27 7.27 7.28 7.29
99-28 7.25 7.25 7.26 7.27 7.27
99-30 7.24 7.24 7.24 7.25 7.26
100-00 7.23 7.23 7.23 7.24 7.24
100-02 7.22 7.21 7.22 7.22 7.22
100-04 7.20 7.20 7.20 7.21 7.21
100-06 7.19 7.19 7.19 7.19 7.19
100-08 7.18 7.18 7.18 7.18 7.17
100-10 7.17 7.16 7.16 7.16 7.16
100-12 7.15 7.15 7.15 7.15 7.14
100-14 7.14 7.14 7.13 7.13 7.12
100-16 7.13 7.12 7.12 7.12 7.11
WAL (YRS) 6.55 6.16 5.70 5.15 4.62
Mod Dur 5.05 4.81 4.51 4.13 3.77
First Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002
Final Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006
Prin Window 25 29 39 42 43
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 5.700
Prepay Rates are a Constant % of CPR 1/4 6.150
100% of All Prepayment Premiums are assumed to be collected 1/2 6.600
Prepayment Premiums are allocated to one or more classes 1 6.650
of the offered certificates as described in the prospectus using 2 6.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 7.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 6.080
Prepay Rates are a Constant % of CPR 1/2 6.260
100% of All Prepayment Premiums are assumed to be collected 1 6.410
Prepayment Premiums are allocated to one or more classes 2 6.780
of the offered certificates as described in the prospectus using 5 6.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 7.020
No Extensions on any Mortgage Loan 30 7.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 29
CLASS: A-4
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 110,485,256
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.3420%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-00 7.55 7.55 7.55 7.56 7.56
99-04 7.53 7.53 7.53 7.54 7.54
99-08 7.51 7.51 7.51 7.52 7.52
99-12 7.49 7.49 7.49 7.49 7.50
99-16 7.47 7.47 7.47 7.47 7.47
99-20 7.45 7.45 7.45 7.45 7.45
99-24 7.43 7.43 7.43 7.43 7.43
99-28 7.41 7.41 7.41 7.41 7.41
100-00 7.39 7.39 7.38 7.38 7.38
100-04 7.37 7.36 7.36 7.36 7.36
100-08 7.35 7.34 7.34 7.34 7.34
100-12 7.33 7.32 7.32 7.32 7.32
100-16 7.31 7.30 7.30 7.30 7.29
100-20 7.28 7.28 7.28 7.28 7.27
100-24 7.26 7.26 7.26 7.25 7.25
100-28 7.24 7.24 7.24 7.23 7.23
101-00 7.22 7.22 7.22 7.21 7.21
WAL (YRS) 8.54 8.33 8.07 7.78 7.49
Mod Dur 6.13 6.02 5.88 5.72 5.55
First Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006
Final Prin Date 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008
Prin Window 14 20 23 29 32
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 5.700
Prepay Rates are a Constant % of CPR 1/4 6.150
100% of All Prepayment Premiums are assumed to be collected 1/2 6.600
Prepayment Premiums are allocated to one or more classes 1 6.650
of the offered certificates as described in the prospectus using 2 6.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 7.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 6.080
Prepay Rates are a Constant % of CPR 1/2 6.260
100% of All Prepayment Premiums are assumed to be collected 1 6.410
Prepayment Premiums are allocated to one or more classes 2 6.780
of the offered certificates as described in the prospectus using 5 6.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 7.020
No Extensions on any Mortgage Loan 30 7.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 30
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-16 7.05 7.06 7.07 7.08 7.09
99-18 7.04 7.04 7.05 7.05 7.06
99-20 7.02 7.02 7.02 7.02 7.03
99-22 7.01 7.00 7.00 7.00 6.99
99-24 6.99 6.99 6.98 6.97 6.96
99-26 6.98 6.97 6.96 6.94 6.93
99-28 6.96 6.95 6.93 6.92 6.90
99-30 6.95 6.93 6.91 6.89 6.87
100-00 6.93 6.91 6.89 6.86 6.84
100-02 6.92 6.89 6.86 6.84 6.81
100-04 6.90 6.88 6.84 6.81 6.78
100-06 6.89 6.86 6.82 6.79 6.75
100-08 6.88 6.84 6.80 6.76 6.71
100-10 6.86 6.82 6.77 6.73 6.68
100-12 6.85 6.80 6.75 6.71 6.65
100-14 6.83 6.78 6.73 6.68 6.62
100-16 6.82 6.77 6.71 6.65 6.59
WAL (YRS) 5.19 4.02 3.15 2.65 2.23
Mod Dur 4.22 3.39 2.74 2.34 2.00
First Prin Date 04/20/2004 11/20/2002 07/20/2002 11/20/2001 08/20/2001
Final Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002
Prin Window 18 25 16 15 14
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 6.700
Prepay Rates are a Constant % of CPR 1/4 7.150
100% of All Prepayment Premiums are assumed to be collected 1/2 7.600
Prepayment Premiums are allocated to one or more classes 1 7.650
of the offered certificates as described in the prospectus using 2 7.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 8.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 7.080
Prepay Rates are a Constant % of CPR 1/2 7.260
100% of All Prepayment Premiums are assumed to be collected 1 7.410
Prepayment Premiums are allocated to one or more classes 2 7.780
of the offered certificates as described in the prospectus using 5 7.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 8.020
No Extensions on any Mortgage Loan 30 8.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 31
CLASS: A-3
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-16 7.33 7.33 7.33 7.33 7.33
99-18 7.31 7.31 7.32 7.32 7.32
99-20 7.30 7.30 7.30 7.30 7.30
99-22 7.29 7.29 7.29 7.29 7.28
99-24 7.28 7.28 7.27 7.27 7.27
99-26 7.26 7.26 7.26 7.26 7.25
99-28 7.25 7.25 7.25 7.24 7.24
99-30 7.24 7.24 7.23 7.23 7.22
100-00 7.23 7.22 7.22 7.21 7.20
100-02 7.22 7.21 7.20 7.20 7.19
100-04 7.20 7.20 7.19 7.18 7.17
100-06 7.19 7.19 7.18 7.17 7.15
100-08 7.18 7.17 7.16 7.15 7.14
100-10 7.17 7.16 7.15 7.14 7.12
100-12 7.15 7.15 7.14 7.12 7.10
100-14 7.14 7.13 7.12 7.11 7.09
100-16 7.13 7.12 7.11 7.09 7.07
WAL (YRS) 6.55 6.16 5.70 5.15 4.62
Mod Dur 5.05 4.81 4.51 4.14 3.77
First Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002
Final Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006
Prin Window 25 29 39 42 43
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 6.700
Prepay Rates are a Constant % of CPR 1/4 7.150
100% of All Prepayment Premiums are assumed to be collected 1/2 7.600
Prepayment Premiums are allocated to one or more classes 1 7.650
of the offered certificates as described in the prospectus using 2 7.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 8.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 7.080
Prepay Rates are a Constant % of CPR 1/2 7.260
100% of All Prepayment Premiums are assumed to be collected 1 7.410
Prepayment Premiums are allocated to one or more classes 2 7.780
of the offered certificates as described in the prospectus using 5 7.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 8.020
No Extensions on any Mortgage Loan 30 8.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 32
CLASS: A-4
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 110,485,256
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.3420%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
99-00 7.55 7.55 7.55 7.56 7.56
99-04 7.53 7.53 7.53 7.53 7.54
99-08 7.51 7.51 7.51 7.51 7.51
99-12 7.49 7.49 7.49 7.49 7.49
99-16 7.47 7.47 7.47 7.47 7.47
99-20 7.45 7.45 7.45 7.45 7.45
99-24 7.43 7.43 7.42 7.42 7.42
99-28 7.41 7.40 7.40 7.40 7.40
100-00 7.39 7.38 7.38 7.38 7.38
100-04 7.37 7.36 7.36 7.36 7.36
100-08 7.35 7.34 7.34 7.34 7.33
100-12 7.33 7.32 7.32 7.32 7.31
100-16 7.31 7.30 7.30 7.29 7.29
100-20 7.28 7.28 7.28 7.27 7.27
100-24 7.26 7.26 7.26 7.25 7.25
100-28 7.24 7.24 7.24 7.23 7.22
101-00 7.22 7.22 7.21 7.21 7.20
WAL (YRS) 8.54 8.33 8.07 7.78 7.49
Mod Dur 6.13 6.02 5.88 5.72 5.55
First Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006
Final Prin Date 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008
Prin Window 14 20 23 29 32
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 6.700
Prepay Rates are a Constant % of CPR 1/4 7.150
100% of All Prepayment Premiums are assumed to be collected 1/2 7.600
Prepayment Premiums are allocated to one or more classes 1 7.650
of the offered certificates as described in the prospectus using 2 7.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 8.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 7.080
Prepay Rates are a Constant % of CPR 1/2 7.260
100% of All Prepayment Premiums are assumed to be collected 1 7.410
Prepayment Premiums are allocated to one or more classes 2 7.780
of the offered certificates as described in the prospectus using 5 7.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 8.020
No Extensions on any Mortgage Loan 30 8.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 33
CLASS: A-3
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1130%
Accrual Start Date: 11/1/99 Coupon Type: Fixed*
First Pay Date: 12/20/99 *Pass-Through Rate will not exceed the
weighted average Net Mortgage Rate.
- --------------------------------------------------------------------------------
PREPAYMENT (CPR) SCENARIO 1
PORTFOLIO MORTGAGE LOANS
During YM 6.00%
During Open/Fixed Penalty 6.00%
CONDUIT MORTGAGE LOANS A3 Initial Pass-Through Rate 7.113
During YM 0.00% Min WAC @ Pricing 7.304
During Open/Fixed Penalty 0.00%
<TABLE>
<CAPTION>
WAC On Interest
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance The Collateral Rate
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,375,182.60 0 0 7.663 7.113
2 1/20/00 232,000,439.00 1,375,182.60 0 0 7.784 7.113
3 2/20/00 232,000,439.00 1,375,182.60 0 0 7.660 7.113
4 3/20/00 232,000,439.00 1,375,182.60 0 0 7.655 7.113
5 4/20/00 232,000,439.00 1,375,182.60 0 0 7.777 7.113
6 5/20/00 232,000,439.00 1,375,182.60 0 0 7.652 7.113
7 6/20/00 232,000,439.00 1,375,182.60 0 0 7.775 7.113
8 7/20/00 232,000,439.00 1,375,182.60 0 0 7.649 7.113
9 8/20/00 232,000,439.00 1,375,182.60 0 0 7.773 7.113
10 9/20/00 232,000,439.00 1,375,182.60 0 0 7.771 7.113
11 10/20/00 232,000,439.00 1,375,182.60 0 0 7.643 7.113
12 11/20/00 232,000,439.00 1,375,182.60 0 0 7.768 7.113
13 12/20/00 232,000,439.00 1,375,182.60 0 0 7.638 7.113
14 1/20/01 232,000,439.00 1,375,182.60 0 0 7.636 7.113
15 2/20/01 232,000,439.00 1,375,182.60 0 0 7.635 7.113
16 3/20/01 232,000,439.00 1,375,182.60 0 0 7.634 7.113
17 4/20/01 232,000,439.00 1,375,182.60 0 0 7.756 7.113
18 5/20/01 232,000,439.00 1,375,182.60 0 0 7.621 7.113
19 6/20/01 232,000,439.00 1,375,182.60 0 0 7.749 7.113
20 7/20/01 232,000,439.00 1,375,182.60 0 0 7.612 7.113
21 8/20/01 232,000,439.00 1,375,182.60 0 0 7.742 7.113
22 9/20/01 232,000,439.00 1,375,182.60 0 0 7.742 7.113
23 10/20/01 232,000,439.00 1,375,182.60 0 0 7.597 7.113
24 11/20/01 232,000,439.00 1,375,182.60 0 0 7.722 7.113
25 12/20/01 232,000,439.00 1,375,182.60 0 0 7.584 7.113
26 1/20/02 232,000,439.00 1,375,182.60 0 0 7.583 7.113
27 2/20/02 232,000,439.00 1,375,182.60 0 0 7.581 7.113
28 3/20/02 232,000,439.00 1,375,182.60 0 0 7.580 7.113
29 4/20/02 232,000,439.00 1,375,182.60 0 0 7.716 7.113
30 5/20/02 232,000,439.00 1,375,182.60 0 0 7.577 7.113
31 6/20/02 232,000,439.00 1,375,182.60 0 0 7.714 7.113
32 7/20/02 232,000,439.00 1,375,182.60 0 0 7.571 7.113
33 8/20/02 232,000,439.00 1,375,182.60 0 0 7.705 7.113
34 9/20/02 232,000,439.00 1,375,182.60 0 0 7.704 7.113
35 10/20/02 232,000,439.00 1,375,182.60 0 0 7.559 7.113
36 11/20/02 232,000,439.00 1,375,182.60 0 0 7.695 7.113
37 12/20/02 232,000,439.00 1,375,182.60 0 0 7.548 7.113
38 1/20/03 232,000,439.00 1,375,182.60 0 0 7.547 7.113
39 2/20/03 232,000,439.00 1,375,182.60 0 0 7.542 7.113
40 3/20/03 232,000,439.00 1,375,182.60 0 0 7.541 7.113
41 4/20/03 232,000,439.00 1,375,182.60 0 0 7.683 7.113
42 5/20/03 232,000,439.00 1,375,182.60 0 0 7.535 7.113
43 6/20/03 232,000,439.00 1,375,182.60 0 0 7.681 7.113
44 7/20/03 232,000,439.00 1,375,182.60 0 0 7.532 7.113
45 8/20/03 232,000,439.00 1,375,182.60 0 0 7.679 7.113
46 9/20/03 232,000,439.00 1,375,182.60 0 0 7.677 7.113
47 10/20/03 231,961,237.56 1,375,182.60 39,201.44 625.94 7.526 7.113
48 11/20/03 229,246,592.16 1,374,950.24 2,714,645.40 42,357.84 7.674 7.113
49 12/20/03 226,538,039.54 1,358,859.18 2,708,552.62 41,089.28 7.523 7.113
50 1/20/04 223,847,950.16 1,342,804.23 2,690,089.39 39,829.54 7.672 7.113
51 2/20/04 221,170,045.11 1,326,858.72 2,677,905.05 38,597.08 7.520 7.113
52 3/20/04 217,010,795.84 1,310,985.44 4,159,249.27 37,356.03 7.518 7.113
53 4/20/04 214,367,550.17 1,286,331.49 2,643,245.67 36,191.78 7.667 7.113
54 5/20/04 211,755,170.65 1,270,663.65 2,612,379.52 34,961.60 7.514 7.113
55 6/20/04 207,888,701.95 1,255,178.77 3,866,468.70 33,729.05 7.665 7.113
56 7/20/04 205,313,371.77 1,232,260.28 2,575,330.18 32,490.85 7.510 7.113
57 8/20/04 197,800,981.70 1,216,995.01 7,512,390.07 31,242.03 7.663 7.113
58 9/20/04 190,471,210.40 1,172,465.32 7,329,771.30 30,020.39 7.662 7.113
59 10/20/04 185,760,867.98 1,129,018.10 4,710,342.43 28,798.18 7.504 7.113
60 11/20/04 178,998,079.75 1,101,097.54 6,762,788.23 27,648.13 7.654 7.113
61 12/20/04 172,733,473.44 1,061,011.12 6,264,606.30 26,437.92 7.494 7.113
62 1/20/05 164,591,608.11 1,023,877.66 8,141,865.34 25,233.03 7.482 7.113
63 2/20/05 161,383,314.12 975,616.76 3,208,293.99 24,064.15 7.465 7.113
64 3/20/05 157,872,431.82 956,599.59 3,510,882.30 22,903.28 7.463 7.113
65 4/20/05 154,770,565.82 935,788.84 3,101,866.00 21,746.54 7.616 7.113
66 5/20/05 150,187,476.77 917,402.53 4,583,089.05 20,607.79 7.455 7.113
67 6/20/05 147,014,972.74 890,236.27 3,172,504.03 19,465.70 7.607 7.113
68 7/20/05 141,623,599.54 871,431.25 5,391,373.20 18,309.11 7.444 7.113
69 8/20/05 130,801,257.77 839,473.89 10,822,341.77 17,188.33 7.601 7.113
70 9/20/05 120,950,890.67 775,324.46 9,850,367.10 16,104.09 7.591 7.113
71 10/20/05 111,822,277.80 716,936.40 9,128,612.87 15,015.84 7.420 7.113
72 11/20/05 98,911,330.88 662,826.55 12,910,946.92 14,051.00 7.582 7.113
73 12/20/05 85,975,219.69 586,296.91 12,936,111.19 13,119.87 7.408 7.113
74 1/20/06 62,443,727.98 509,618.11 23,531,491.72 12,257.11 7.395 7.113
75 2/20/06 56,548,185.75 370,135.20 5,895,542.22 11,560.51 7.382 7.113
76 3/20/06 46,571,010.47 335,189.37 9,977,175.28 10,900.14 7.377 7.113
77 4/20/06 41,456,379.53 276,049.66 5,114,630.94 10,263.63 7.545 7.113
78 5/20/06 29,814,503.29 245,732.69 11,641,876.24 9,629.80 7.355 7.113
79 6/20/06 24,309,844.60 176,725.47 5,504,658.69 9,093.09 7.529 7.113
80 7/20/06 18,717,116.06 144,096.60 5,592,728.54 8,584.14 7.331 7.113
81 8/20/06 8,365,102.93 110,945.71 10,352,013.14 8,076.29 7.514 7.113
82 9/20/06 6,133,787.06 49,584.15 2,231,315.87 7,652.08 7.504 7.113
83 10/20/06 5,014,677.15 36,358.02 1,119,109.91 7,225.27 7.310 7.113
84 11/20/06 1,999,507.22 29,724.50 3,015,169.93 6,790.03 7.502 7.113
85 12/20/06 0.00 11,852.08 1,999,507.22 1,030.77 7.304 7.113
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/09/99 TREASURY CURVE AS OF 11/09/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the
projected Unpaid Principal Balance as
of Nov 10, 1999 1/12 4.700 1/4 5.180
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.360
100% of All Prepayment Premiums are
assumed to be collected 1/2 5.550 1 5.460
Prepayment Premiums are allocated to
one or more classes 1 5.600 2 5.750
of the offered certificates as
described in the prospectus using 2 5.750 5 5.880
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 6.050 10 5.950
No Extensions on any Mortgage Loan 30 6.060
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 34
CLASS: A-3
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the
weighted average Net Mortgage Rate.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 20.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 20.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 6
98-00 7.63 7.66 7.72 7.82 7.92 8.07 8.39
98-08 7.58 7.60 7.66 7.76 7.85 7.99 8.30
98-16 7.53 7.55 7.61 7.70 7.79 7.92 8.21
98-24 7.48 7.50 7.55 7.64 7.72 7.85 8.12
99-00 7.43 7.45 7.49 7.58 7.65 7.77 8.04
99-08 7.38 7.39 7.44 7.51 7.59 7.70 7.95
99-16 7.33 7.34 7.38 7.45 7.52 7.62 7.86
99-24 7.28 7.29 7.33 7.39 7.45 7.55 7.77
100-00 7.23 7.24 7.27 7.33 7.39 7.48 7.69
100-08 7.18 7.19 7.22 7.27 7.32 7.41 7.60
100-16 7.13 7.13 7.16 7.21 7.26 7.33 7.51
100-24 7.08 7.08 7.11 7.15 7.19 7.26 7.43
101-00 7.03 7.03 7.05 7.09 7.12 7.19 7.34
101-08 6.98 6.98 7.00 7.03 7.06 7.12 7.26
101-16 6.93 6.93 6.94 6.98 6.99 7.05 7.17
101-24 6.89 6.88 6.89 6.92 6.93 6.97 7.09
102-00 6.84 6.83 6.84 6.86 6.87 6.90 7.00
WAL (YRS) 6.55 6.16 5.70 5.15 4.62 4.13 3.39
Mod Dur 5.05 4.81 4.51 4.13 3.76 3.42 2.87
First Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002 04/20/2002 10/20/2001
Final Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006 12/20/2005 05/20/2005
Prin Window 25 29 39 42 43 45 44
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected
Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the
prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus
or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 35
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed(1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 18.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 18.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
---------- ---------- ---------- ---------- ---------- ---------- ----------
99-16 7.33 7.34 7.38 7.45 7.52 7.62 7.77
99-18 7.31 7.33 7.37 7.44 7.50 7.61 7.75
99-20 7.30 7.32 7.35 7.42 7.49 7.59 7.73
99-22 7.29 7.30 7.34 7.41 7.47 7.57 7.70
99-24 7.28 7.29 7.33 7.39 7.45 7.55 7.68
99-26 7.26 7.28 7.31 7.38 7.44 7.53 7.66
99-28 7.25 7.26 7.30 7.36 7.42 7.52 7.64
99-30 7.24 7.25 7.29 7.35 7.40 7.50 7.62
100-00 7.23 7.24 7.27 7.33 7.39 7.48 7.60
100-02 7.22 7.22 7.26 7.32 7.37 7.46 7.58
100-04 7.20 7.21 7.24 7.30 7.35 7.44 7.56
100-06 7.19 7.20 7.23 7.29 7.34 7.42 7.54
100-08 7.18 7.19 7.22 7.27 7.32 7.41 7.52
100-10 7.17 7.17 7.20 7.26 7.30 7.39 7.50
100-12 7.15 7.16 7.19 7.24 7.29 7.37 7.48
100-14 7.14 7.15 7.18 7.23 7.27 7.35 7.46
100-16 7.13 7.13 7.16 7.21 7.26 7.33 7.44
WAL (YRS) 6.55 6.16 5.70 5.15 4.62 4.13 3.67
Mod Dur 5.05 4.81 4.51 4.13 3.76 3.42 3.08
First Prin Date 09/20/2005 11/20/2004 10/20/2003 01/20/2003 09/20/2002 04/20/2002 12/20/2001
Final Prin Date 09/20/2007 03/20/2007 12/20/2006 06/20/2006 03/20/2006 12/20/2005 08/20/2005
Prin Window 25 29 39 42 43 45 45
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or 5 6.300 10 6.020
Example in Term Sheet)
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 36
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
95-00 8.24 8.30 8.35 8.41 8.49 8.58
95-20 8.11 8.17 8.20 8.26 8.34 8.42
96-08 7.98 8.03 8.06 8.12 8.18 8.26
96-28 7.86 7.90 7.93 7.97 8.03 8.10
97-16 7.73 7.76 7.79 7.83 7.89 7.94
98-04 7.60 7.63 7.65 7.69 7.74 7.79
98-24 7.48 7.50 7.52 7.55 7.59 7.64
99-12 7.35 7.37 7.38 7.41 7.45 7.48
100-00 7.23 7.24 7.25 7.27 7.30 7.33
100-20 7.10 7.11 7.11 7.13 7.16 7.18
101-08 6.98 6.98 6.98 7.00 7.02 7.03
101-28 6.86 6.85 6.85 6.86 6.88 6.89
102-16 6.74 6.73 6.72 6.73 6.74 6.74
103-04 6.62 6.60 6.59 6.60 6.60 6.60
103-24 6.51 6.48 6.47 6.46 6.46 6.45
104-12 6.39 6.36 6.34 6.33 6.32 6.31
105-00 6.27 6.23 6.21 6.20 6.19 6.17
WAL (YRS) 6.55 6.16 5.95 5.70 5.43 5.15
Mod Dur 5.05 4.81 4.67 4.51 4.32 4.13
First Prin Date 09/20/2005 11/20/2004 06/20/2004 10/20/2003 05/20/2003 01/20/2003
Final Prin Date 09/20/2007 03/20/2007 01/20/2007 12/20/2006 08/20/2006 06/20/2006
Prin Window 25 29 32 39 40 42
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
10/29/99 10/29/99
------------------------ ---------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 37
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the
weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
95-00 8.25 8.31 8.35 8.42 8.50 8.59
95-20 8.11 8.17 8.21 8.27 8.35 8.43
96-08 7.98 8.03 8.07 8.13 8.20 8.27
96-28 7.86 7.90 7.93 7.98 8.04 8.11
97-16 7.73 7.76 7.79 7.84 7.90 7.95
98-04 7.60 7.63 7.65 7.70 7.75 7.80
98-24 7.48 7.50 7.52 7.56 7.60 7.64
99-12 7.35 7.37 7.38 7.42 7.45 7.49
100-00 7.23 7.24 7.25 7.28 7.31 7.34
100-20 7.10 7.11 7.12 7.14 7.16 7.19
101-08 6.98 6.98 6.98 7.00 7.02 7.04
101-28 6.86 6.85 6.85 6.87 6.88 6.89
102-16 6.74 6.73 6.72 6.73 6.74 6.74
103-04 6.62 6.60 6.60 6.60 6.60 6.59
103-24 6.51 6.48 6.47 6.46 6.46 6.45
104-12 6.39 6.36 6.34 6.33 6.32 6.30
105-00 6.27 6.23 6.22 6.20 6.19 6.16
WAL (YRS) 6.55 6.16 5.94 5.68 5.40 5.11
Mod Dur 5.04 4.80 4.66 4.49 4.30 4.11
First Prin Date 09/20/2005 10/20/2004 05/20/2004 09/20/2003 03/20/2003 12/20/2002
Final Prin Date 08/20/2007 03/20/2007 01/20/2007 12/20/2006 08/20/2006 06/20/2006
Prin Window 24 30 33 40 42 43
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
10/29/99 10/29/99
------------------------ --------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 38
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 9.00% 9.00% 9.00% 9.00% 9.00% 9.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
99-16 7.45 7.45 7.46 7.46 7.46 7.46
99-18 7.44 7.44 7.44 7.44 7.44 7.44
99-20 7.42 7.42 7.42 7.43 7.43 7.43
99-22 7.41 7.41 7.41 7.41 7.41 7.41
99-24 7.39 7.39 7.39 7.40 7.40 7.40
99-26 7.38 7.38 7.38 7.38 7.38 7.38
99-28 7.36 7.36 7.36 7.37 7.37 7.37
99-30 7.35 7.35 7.35 7.35 7.35 7.35
100-00 7.33 7.33 7.33 7.34 7.34 7.34
100-02 7.32 7.32 7.32 7.32 7.32 7.32
100-04 7.30 7.30 7.30 7.31 7.31 7.31
100-06 7.29 7.29 7.29 7.29 7.29 7.29
100-08 7.27 7.27 7.27 7.27 7.28 7.28
100-10 7.26 7.26 7.26 7.26 7.26 7.26
100-12 7.24 7.24 7.24 7.24 7.25 7.25
100-14 7.23 7.23 7.23 7.23 7.23 7.23
100-16 7.21 7.21 7.21 7.21 7.22 7.22
WAL (YRS) 5.16 5.15 5.13 5.12 5.11 5.11
Mod Dur 4.14 4.13 4.12 4.11 4.11 4.11
First Prin Date 01/20/2003 01/20/2003 01/20/2003 01/20/2003 12/20/2002 12/20/2002
Final Prin Date 06/20/2006 06/20/2006 06/20/2006 06/20/2006 06/20/2006 06/20/2006
Prin Window 42 42 42 42 43 43
</TABLE>
<TABLE>
<CAPTION>
MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
10/29/99 10/29/99
ASSUMPTIONS -------------------------- ----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 39
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
99-16 7.52 7.52 7.52 7.53 7.53 7.53
99-18 7.50 7.50 7.51 7.51 7.51 7.51
99-20 7.48 7.49 7.49 7.49 7.49 7.49
99-22 7.47 7.47 7.47 7.48 7.48 7.48
99-24 7.45 7.45 7.46 7.46 7.46 7.46
99-26 7.43 7.44 7.44 7.44 7.44 7.44
99-28 7.42 7.42 7.42 7.43 7.43 7.43
99-30 7.40 7.40 7.41 7.41 7.41 7.41
100-00 7.38 7.39 7.39 7.39 7.39 7.39
100-02 7.37 7.37 7.37 7.38 7.38 7.38
100-04 7.35 7.35 7.36 7.36 7.36 7.36
100-06 7.34 7.34 7.34 7.34 7.34 7.34
100-08 7.32 7.32 7.32 7.33 7.33 7.33
100-10 7.30 7.30 7.31 7.31 7.31 7.31
100-12 7.29 7.29 7.29 7.29 7.29 7.30
100-14 7.27 7.27 7.27 7.28 7.28 7.28
100-16 7.25 7.25 7.26 7.26 7.26 7.26
WAL (YRS) 4.64 4.62 4.60 4.59 4.59 4.58
Mod Dur 3.78 3.77 3.75 3.74 3.74 3.74
First Prin Date 10/20/2002 09/20/2002 09/20/2002 09/20/2002 09/20/2002 09/20/2002
Final Prin Date 03/20/2006 03/20/2006 03/20/2006 03/20/2006 03/20/2006 03/20/2006
Prin Window 42 43 43 43 43 43
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
10/29/99 10/29/99
------------------------ --------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 40
NATIONSLINK 99-2
TOTAL RETURN ANALYSIS
<TABLE>
<CAPTION>
<S> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
ASSUMED HORIZON
Initial Settle 11/30/99
Exit Settle 11/30/00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) INITIAL PRICING SCENARIO 1 SCENARIO 2 SCENARIO 3
- ---------------- --------------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 0.00% 12.00%
During Open/Fixed Penalty 6.00% 6.00% 0.00% 12.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00%
YIELD CURVE
Shock 0.00% 0.00% 1.00% -1.00%
Reinvestment Rate NA 5.39% 6.39% 4.39%
</TABLE>
CLASS A-3
<TABLE>
<CAPTION>
OPEN PRICE ACCRUED INT TOTAL PROCEEDS CLOSE PRICE
---------- ----------- -------------- -----------
<S> <C> <C> <C> <C>
Scenario 1 100-00 1,344,481.21 233,344,920.21 100-03.3
SCENARIO 2 100-00 1,344,481.21 233,344,920.21 95-14.7
SCENARIO 3 100-00 1,344,481.21 233,344,920.21 104-20.9
</TABLE>
<TABLE>
<CAPTION>
ACCRUED INT TOTAL PROCEEDS TOTAL RETURN HORIZON (BEY) EXCESS RETURN (TREAS)
----------- -------------- -------------------------- ---------------------
<S> <C> <C> <C>
1,344,481.21 233,584,170.66 7.31% 1.39%
1,344,481.21 222,810,650.28 2.84% -0.02%
1,344,481.21 244,140,190.64 11.60% 2.53%
</TABLE>
5 Y US TREAS - 1,000,000 FACE
<TABLE>
<CAPTION>
OPEN PRICE ACCRUED INT TOTAL PROCEEDS CLOSE PRICE
---------- ----------- -------------- -----------
<S> <C> <C> <C> <C>
Scenario 1 100-07.4 17,446.65 1,019,772.32 100-06.0
SCENARIO 2 100-07.4 17,446.65 1,019,772.32 96-30.7
SCENARIO 3 100-07.4 17,446.65 1,019,772.32 103-17.4
</TABLE>
<TABLE>
<CAPTION>
ACCRUED INT TOTAL PROCEEDS TOTAL RETURN HORIZON (BEY) EXCESS RETURN (A3)
----------- -------------- -------------------------- ------------------
<S> <C> <C> <C>
17,446.65 1,019,310.11 5.92% -1.39%
17,446.65 987,038.48 2.86% 0.02%
17,446.65 1,052,884.34 9.07% -2.53%
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
10/29/99 10/29/99
--------------------------- ---------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 41
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1120%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
99-16 7.30 7.30 7.30 7.31 7.31 7.31
99-18 7.29 7.29 7.29 7.29 7.29 7.29
99-20 7.27 7.27 7.28 7.28 7.28 7.28
99-22 7.26 7.26 7.26 7.26 7.26 7.26
99-24 7.24 7.25 7.25 7.25 7.25 7.25
99-26 7.23 7.23 7.23 7.24 7.24 7.24
99-28 7.22 7.22 7.22 7.22 7.22 7.22
99-30 7.20 7.20 7.21 7.21 7.21 7.21
100-00 7.19 7.19 7.19 7.19 7.20 7.20
100-02 7.18 7.18 7.18 7.18 7.18 7.18
100-04 7.16 7.16 7.17 7.17 7.17 7.17
100-06 7.15 7.15 7.15 7.15 7.15 7.15
100-08 7.13 7.14 7.14 7.14 7.14 7.14
100-10 7.12 7.12 7.12 7.13 7.13 7.13
100-12 7.11 7.11 7.11 7.11 7.11 7.11
100-14 7.09 7.10 7.10 7.10 7.10 7.10
100-16 7.08 7.08 7.08 7.08 7.09 7.09
WAL (YRS) 5.71 5.70 5.69 5.68 5.68 5.68
Mod Dur 4.52 4.52 4.51 4.50 4.50 4.50
First Prin Date 11/20/2003 10/20/2003 10/20/2003 09/20/2003 09/20/2003 09/20/2003
Final Prin Date 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006
Prin Window 38 39 39 40 40 40
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
11/08/99 11/08/99
---------------------------- --------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.170
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.340
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.420
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.710
of the offered certificates as described in the prospectus using 2 5.750 5 5.860
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.050 10 5.930
No Extensions on any Mortgage Loan 30 6.050
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 42
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1120%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Fixed Penalty 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open Period 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open Period 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
99-16 7.30 7.30 7.30 7.31 7.31 7.31
99-18 7.29 7.29 7.29 7.29 7.29 7.29
99-20 7.27 7.27 7.28 7.28 7.28 7.28
99-22 7.26 7.26 7.26 7.26 7.26 7.26
99-24 7.24 7.25 7.25 7.25 7.25 7.25
99-26 7.23 7.23 7.23 7.24 7.24 7.24
99-28 7.22 7.22 7.22 7.22 7.22 7.22
99-30 7.20 7.20 7.21 7.21 7.21 7.21
100-00 7.19 7.19 7.19 7.19 7.19 7.19
100-02 7.18 7.18 7.18 7.18 7.18 7.18
100-04 7.16 7.16 7.17 7.17 7.17 7.17
100-06 7.15 7.15 7.15 7.15 7.15 7.15
100-08 7.13 7.14 7.14 7.14 7.14 7.14
100-10 7.12 7.12 7.12 7.13 7.13 7.13
100-12 7.11 7.11 7.11 7.11 7.11 7.11
100-14 7.09 7.10 7.10 7.10 7.10 7.10
100-16 7.08 7.08 7.08 7.08 7.08 7.08
WAL (YRS) 5.71 5.70 5.69 5.68 5.68 5.68
Mod Dur 4.52 4.52 4.51 4.50 4.50 4.50
First Prin Date 11/20/2003 10/20/2003 10/20/2003 09/20/2003 09/20/2003 09/20/2003
Final Prin Date 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006
Prin Window 38 39 39 40 40 40
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
11/08/99 11/08/99
-------------------------- ----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.170
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.340
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.420
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.710
of the offered certificates as described in the prospectus using 2 5.750 5 5.860
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.050 10 5.930
No Extensions on any Mortgage Loan 30 6.050
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 43
CLASS: A-3
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1120%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
- ---------------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 9.50% 13.00% 16.50% 20.00%
During Open/Fixed Penalty 6.00% 9.50% 13.00% 16.50% 20.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
---------- ---------- ---------- ---------- ----------
99-16 7.30 7.39 7.48 7.62 7.80
99-18 7.29 7.37 7.46 7.61 7.78
99-20 7.27 7.36 7.44 7.59 7.76
99-22 7.26 7.34 7.43 7.57 7.73
99-24 7.25 7.33 7.41 7.55 7.71
99-26 7.23 7.31 7.39 7.53 7.69
99-28 7.22 7.29 7.38 7.51 7.67
99-30 7.20 7.28 7.36 7.49 7.65
100-00 7.19 7.26 7.34 7.47 7.63
100-02 7.18 7.25 7.33 7.45 7.60
100-04 7.16 7.23 7.31 7.43 7.58
100-06 7.15 7.22 7.29 7.41 7.56
100-08 7.14 7.20 7.27 7.39 7.54
100-10 7.12 7.19 7.26 7.38 7.52
100-12 7.11 7.17 7.24 7.36 7.50
100-14 7.09 7.16 7.22 7.34 7.47
100-16 7.08 7.14 7.21 7.32 7.45
WAL (YRS) 5.70 5.06 4.46 3.90 3.39
Mod Dur 4.52 4.08 3.65 3.25 2.87
First Prin Date 10/20/2003 12/20/2002 07/20/2002 02/20/2002 10/20/2001
Final Prin Date 12/20/2006 05/20/2006 01/20/2006 10/20/2005 05/20/2005
Prin Window 39 42 43 45 44
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
11/08/99 11/08/99
--------------------------- ----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.170
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.340
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.420
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.710
of the offered certificates as described in the prospectus using 2 5.750 5 5.860
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.050 10 5.930
No Extensions on any Mortgage Loan 30 6.050
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 44
<TABLE>
<CAPTION>
NATIONSLINK 99-2
CLASS A-3
PREPAYMENT (CPR) SCENARIO 1
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00%
During Open/Fixed Penalty 0.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,390,842.63 0 0
2 1/20/00 232,000,439.00 1,390,842.63 0 0
3 2/20/00 232,000,439.00 1,390,842.63 0 0
4 3/20/00 232,000,439.00 1,390,842.63 0 0
5 4/20/00 232,000,439.00 1,390,842.63 0 0
6 5/20/00 232,000,439.00 1,390,842.63 0 0
7 6/20/00 232,000,439.00 1,390,842.63 0 0
8 7/20/00 232,000,439.00 1,390,842.63 0 0
9 8/20/00 232,000,439.00 1,390,842.63 0 0
10 9/20/00 232,000,439.00 1,390,842.63 0 0
11 10/20/00 232,000,439.00 1,390,842.63 0 0
12 11/20/00 232,000,439.00 1,390,842.63 0 0
13 12/20/00 232,000,439.00 1,390,842.63 0 0
14 1/20/01 232,000,439.00 1,390,842.63 0 0
15 2/20/01 232,000,439.00 1,390,842.63 0 0
16 3/20/01 232,000,439.00 1,390,842.63 0 0
17 4/20/01 232,000,439.00 1,390,842.63 0 0
18 5/20/01 232,000,439.00 1,390,842.63 0 0
19 6/20/01 232,000,439.00 1,390,842.63 0 0
20 7/20/01 232,000,439.00 1,390,842.63 0 0
21 8/20/01 232,000,439.00 1,390,842.63 0 0
22 9/20/01 232,000,439.00 1,390,842.63 0 0
23 10/20/01 232,000,439.00 1,390,842.63 0 0
24 11/20/01 232,000,439.00 1,390,842.63 0 0
25 12/20/01 232,000,439.00 1,390,842.63 0 0
26 1/20/02 232,000,439.00 1,390,842.63 0 0
27 2/20/02 232,000,439.00 1,390,842.63 0 0
28 3/20/02 232,000,439.00 1,390,842.63 0 0
29 4/20/02 232,000,439.00 1,390,842.63 0 0
30 5/20/02 232,000,439.00 1,390,842.63 0 0
31 6/20/02 232,000,439.00 1,390,842.63 0 0
32 7/20/02 232,000,439.00 1,390,842.63 0 0
33 8/20/02 232,000,439.00 1,390,842.63 0 0
34 9/20/02 232,000,439.00 1,390,842.63 0 0
35 10/20/02 232,000,439.00 1,390,842.63 0 0
36 11/20/02 232,000,439.00 1,390,842.63 0 0
37 12/20/02 232,000,439.00 1,390,842.63 0 0
38 1/20/03 232,000,439.00 1,390,842.63 0 0
39 2/20/03 232,000,439.00 1,390,842.63 0 0
40 3/20/03 232,000,439.00 1,390,842.63 0 0
41 4/20/03 232,000,439.00 1,390,842.63 0 0
42 5/20/03 232,000,439.00 1,390,842.63 0 0
43 6/20/03 232,000,439.00 1,390,842.63 0 0
44 7/20/03 232,000,439.00 1,390,842.63 0 0
45 8/20/03 232,000,439.00 1,390,842.63 0 0
46 9/20/03 232,000,439.00 1,390,842.63 0 0
47 10/20/03 232,000,439.00 1,390,842.63 0 0
48 11/20/03 230,493,088.49 1,390,842.63 1,507,350.51 22,937.54
49 12/20/03 227,798,413.29 1,381,806.07 2,694,675.19 39,912.79
50 1/20/04 225,121,998.11 1,365,651.49 2,676,415.19 38,749.99
51 2/20/04 222,457,247.79 1,349,606.38 2,664,750.32 37,624.11
52 3/20/04 218,309,953.37 1,333,631.20 4,147,294.42 36,482.55
53 4/20/04 215,678,802.88 1,308,768.17 2,631,150.49 35,266.27
54 5/20/04 213,077,645.79 1,292,994.42 2,601,157.08 34,128.75
55 6/20/04 209,222,216.63 1,277,400.49 3,855,429.16 32,991.46
56 7/20/04 206,657,040.84 1,254,287.19 2,565,175.79 31,839.26
57 8/20/04 199,154,629.87 1,238,908.96 7,502,410.97 30,666.68
58 9/20/04 191,834,309.92 1,193,932.01 7,320,319.95 29,519.80
59 10/20/04 187,140,832.16 1,150,046.69 4,693,477.76 28,367.32
60 11/20/04 180,395,742.17 1,121,909.29 6,745,089.98 27,054.70
61 12/20/04 172,733,473.44 1,081,472.47 7,662,268.73 25,902.03
62 1/20/05 164,591,608.11 1,035,537.17 8,141,865.34 24,746.83
63 2/20/05 161,383,314.12 986,726.69 3,208,293.99 23,621.05
64 3/20/05 157,872,431.82 967,492.97 3,510,882.30 22,501.76
65 4/20/05 154,770,565.82 946,445.23 3,101,866.00 21,375.73
66 5/20/05 150,187,476.77 927,849.54 4,583,089.05 20,237.23
67 6/20/05 147,014,972.74 900,373.92 3,172,504.03 19,106.30
68 7/20/05 141,623,599.54 881,354.76 5,391,373.20 17,959.92
69 8/20/05 130,801,257.77 849,033.48 10,822,341.77 16,843.87
70 9/20/05 120,950,890.67 784,153.54 9,850,367.10 15,766.24
71 10/20/05 111,847,027.76 725,100.59 9,103,862.91 14,676.21
72 11/20/05 98,911,330.88 670,522.93 12,935,696.88 13,708.86
73 12/20/05 85,975,219.69 592,973.43 12,936,111.19 12,782.93
74 1/20/06 62,443,727.98 515,421.44 23,531,491.72 11,925.39
75 2/20/06 56,548,185.75 374,350.15 5,895,542.22 11,246.85
76 3/20/06 46,571,010.47 339,006.37 9,977,175.28 10,605.15
77 4/20/06 41,456,379.53 279,193.21 5,114,630.94 9,987.76
78 5/20/06 29,814,503.29 248,531.00 11,641,876.24 9,372.04
79 6/20/06 24,309,844.60 178,737.95 5,504,658.69 8,846.54
80 7/20/06 18,717,116.06 145,737.52 5,592,728.54 8,353.52
81 8/20/06 8,365,102.93 112,209.11 10,352,013.14 7,878.23
82 9/20/06 6,133,787.06 50,148.79 2,231,315.87 7,479.43
83 10/20/06 5,014,677.15 36,772.05 1,119,109.91 7,074.61
84 11/20/06 1,999,507.22 30,062.99 3,015,169.93 6,659.16
85 12/20/06 0 11,987.05 1,999,507.22 1,013.04
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
10/29/99 10/29/99
------------------------ ---------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 45
<TABLE>
<CAPTION>
NATIONSLINK 99-2
CLASS A-3
PREPAYMENT (CPR) SCENARIO 1
- ---------------- ----------
<S> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00%
During Open/Fixed Penalty 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00%
During Open/Fixed Penalty 0.00%
</TABLE>
<TABLE>
<CAPTION>
Period Number Pay Date End Balance Interest Payment Principal Payment Yield Maintenance
- ------------- -------- ----------- ---------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
1 12/20/99 232,000,439.00 1,390,842.63 0 0
2 1/20/00 232,000,439.00 1,390,842.63 0 0
3 2/20/00 232,000,439.00 1,390,842.63 0 0
4 3/20/00 232,000,439.00 1,390,842.63 0 0
5 4/20/00 232,000,439.00 1,390,842.63 0 0
6 5/20/00 232,000,439.00 1,390,842.63 0 0
7 6/20/00 232,000,439.00 1,390,842.63 0 0
8 7/20/00 232,000,439.00 1,390,842.63 0 0
9 8/20/00 232,000,439.00 1,390,842.63 0 0
10 9/20/00 232,000,439.00 1,390,842.63 0 0
11 10/20/00 232,000,439.00 1,390,842.63 0 0
12 11/20/00 232,000,439.00 1,390,842.63 0 0
13 12/20/00 232,000,439.00 1,390,842.63 0 0
14 1/20/01 232,000,439.00 1,390,842.63 0 0
15 2/20/01 232,000,439.00 1,390,842.63 0 0
16 3/20/01 232,000,439.00 1,390,842.63 0 0
17 4/20/01 232,000,439.00 1,390,842.63 0 0
18 5/20/01 232,000,439.00 1,390,842.63 0 0
19 6/20/01 232,000,439.00 1,390,842.63 0 0
20 7/20/01 232,000,439.00 1,390,842.63 0 0
21 8/20/01 232,000,439.00 1,390,842.63 0 0
22 9/20/01 232,000,439.00 1,390,842.63 0 0
23 10/20/01 232,000,439.00 1,390,842.63 0 0
24 11/20/01 232,000,439.00 1,390,842.63 0 0
25 12/20/01 232,000,439.00 1,390,842.63 0 0
26 1/20/02 232,000,439.00 1,390,842.63 0 0
27 2/20/02 232,000,439.00 1,390,842.63 0 0
28 3/20/02 232,000,439.00 1,390,842.63 0 0
29 4/20/02 232,000,439.00 1,390,842.63 0 0
30 5/20/02 232,000,439.00 1,390,842.63 0 0
31 6/20/02 232,000,439.00 1,390,842.63 0 0
32 7/20/02 232,000,439.00 1,390,842.63 0 0
33 8/20/02 232,000,439.00 1,390,842.63 0 0
34 9/20/02 232,000,439.00 1,390,842.63 0 0
35 10/20/02 232,000,439.00 1,390,842.63 0 0
36 11/20/02 232,000,439.00 1,390,842.63 0 0
37 12/20/02 232,000,439.00 1,390,842.63 0 0
38 1/20/03 232,000,439.00 1,390,842.63 0 0
39 2/20/03 232,000,439.00 1,390,842.63 0 0
40 3/20/03 232,000,439.00 1,390,842.63 0 0
41 4/20/03 232,000,439.00 1,390,842.63 0 0
42 5/20/03 232,000,439.00 1,390,842.63 0 0
43 6/20/03 232,000,439.00 1,390,842.63 0 0
44 7/20/03 232,000,439.00 1,390,842.63 0 0
45 8/20/03 232,000,439.00 1,390,842.63 0 0
46 9/20/03 230,042,992.12 1,390,842.63 1957446.88 23070.56
47 10/20/03 227,366,567.56 1,379,107.74 2676424.57 42273.49
48 11/20/03 224,707,455.29 1,363,062.57 2,659,112.26 41,085.13
49 12/20/03 222,055,375.92 1,347,121.19 2,652,079.37 39,912.79
50 1/20/04 219,420,398.70 1,331,221.98 2,634,977.22 38,749.99
51 2/20/04 216,797,395.39 1,315,425.29 2,623,003.31 37,624.11
52 3/20/04 212,695,097.25 1,299,700.39 4,102,298.13 36,482.55
53 4/20/04 210,106,343.47 1,275,107.11 2,588,753.78 35,266.27
54 5/20/04 207,549,362.38 1,259,587.53 2,556,981.09 34,128.75
55 6/20/04 203,736,977.08 1,244,258.43 3,812,385.30 32,991.46
56 7/20/04 201,216,623.65 1,221,403.18 2,520,353.43 31,839.26
57 8/20/04 193,757,913.39 1,206,293.66 7,458,710.26 30,666.68
58 9/20/04 186,481,620.19 1,161,578.69 7,276,293.20 29,519.80
59 10/20/04 181,802,239.52 1,117,957.31 4,679,380.67 28,367.32
60 11/20/04 175,067,294.45 1,089,904.43 6,734,945.07 27,054.70
61 12/20/04 172,733,473.44 1,049,528.43 2,333,821.01 25,902.03
62 1/20/05 164,591,608.11 1,035,537.17 8,141,865.34 24,746.83
63 2/20/05 161,383,314.12 986,726.69 3,208,293.99 23,621.05
64 3/20/05 157,872,431.82 967,492.97 3,510,882.30 22,501.76
65 4/20/05 154,770,565.82 946,445.23 3,101,866.00 21,375.73
66 5/20/05 150,187,476.77 927,849.54 4,583,089.05 20,237.23
67 6/20/05 147,014,972.74 900,373.92 3,172,504.03 19,106.30
68 7/20/05 141,623,599.54 881,354.76 5,391,373.20 17,959.92
69 8/20/05 130,801,257.77 849,033.48 10,822,341.77 16,843.87
70 9/20/05 120,950,890.67 784,153.54 9,850,367.10 15,766.24
71 10/20/05 107,034,680.61 725,100.59 13,916,210.06 14,676.21
72 11/20/05 98,911,330.88 641,672.91 8,123,349.73 13,708.86
73 12/20/05 85,975,219.69 592,973.43 12,936,111.19 12,782.93
74 1/20/06 62,443,727.98 515,421.44 23,531,491.72 11,925.39
75 2/20/06 56,548,185.75 374,350.15 5,895,542.22 11,246.85
76 3/20/06 46,571,010.47 339,006.37 9,977,175.28 10,605.15
77 4/20/06 41,456,379.53 279,193.21 5,114,630.94 9,987.76
78 5/20/06 29,814,503.29 248,531.00 11,641,876.24 9,372.04
79 6/20/06 24,309,844.60 178,737.95 5,504,658.69 8,846.54
80 7/20/06 18,717,116.06 145,737.52 5,592,728.54 8,353.52
81 8/20/06 8,365,102.93 112,209.11 10,352,013.14 7,878.23
82 9/20/06 6,133,787.06 50,148.79 2,231,315.87 7,479.43
83 10/20/06 5,014,677.15 36,772.05 1,119,109.91 7,074.61
84 11/20/06 1,999,507.22 30,062.99 3,015,169.93 6,659.16
85 12/20/06 0 11,987.05 1,999,507.22 1,013.04
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF TREASURY CURVE AS OF
10/29/99 10/29/99
-------------------------- ---------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 46
PRICE/YIELD TABLE - CLASS A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1180%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-16 7.50 7.50 7.50 7.50 7.51 7.51
99-18 7.48 7.48 7.48 7.48 7.48 7.48
99-20 7.45 7.45 7.45 7.46 7.46 7.46
99-22 7.43 7.43 7.43 7.43 7.44 7.44
99-24 7.41 7.41 7.41 7.41 7.41 7.41
99-26 7.39 7.38 7.38 7.39 7.39 7.39
99-28 7.36 7.36 7.36 7.36 7.37 7.37
99-30 7.34 7.34 7.34 7.34 7.34 7.34
100-00 7.32 7.31 7.31 7.32 7.32 7.32
100-02 7.30 7.29 7.29 7.29 7.30 7.30
100-04 7.27 7.27 7.27 7.27 7.27 7.27
100-06 7.25 7.25 7.24 7.25 7.25 7.25
100-08 7.23 7.22 7.22 7.22 7.23 7.23
100-10 7.21 7.20 7.20 7.20 7.20 7.20
100-12 7.18 7.18 7.18 7.18 7.18 7.18
100-14 7.16 7.16 7.15 7.15 7.16 7.16
100-16 7.14 7.13 7.13 7.13 7.13 7.13
WAL (YRS) 3.17 3.14 3.11 3.08 3.07 3.07
MOD DUR 2.74 2.72 2.69 2.67 2.66 2.66
FIRST PRIN DATE 07/20/2002 07/20/2002 06/20/2002 06/20/2002 06/20/2002 06/20/2002
FINAL PRIN DATE 11/20/2003 10/20/2003 10/20/2003 09/20/2003 09/20/2003 09/20/2003
PRIN WINDOW 17 16 17 16 16 16
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/26/99 TREASURY CURVE AS OF 10/26/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.130
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.330
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.530
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.970
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 5.950 5 6.140
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.300 10 6.230
No Extensions on any Mortgage Loan 30 6.370
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 47
PRICE/YIELD TABLE - CLASS A-3
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.4300%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-16 7.62 7.63 7.63 7.63 7.63 7.63
99-18 7.61 7.61 7.61 7.61 7.62 7.62
99-20 7.59 7.60 7.60 7.60 7.60 7.60
99-22 7.58 7.58 7.59 7.59 7.59 7.59
99-24 7.57 7.57 7.57 7.57 7.57 7.57
99-26 7.55 7.56 7.56 7.56 7.56 7.56
99-28 7.54 7.54 7.54 7.55 7.55 7.55
99-30 7.53 7.53 7.53 7.53 7.53 7.53
100-00 7.51 7.51 7.52 7.52 7.52 7.52
100-02 7.50 7.50 7.50 7.50 7.50 7.50
100-04 7.48 7.49 7.49 7.49 7.49 7.49
100-06 7.47 7.47 7.47 7.48 7.48 7.48
100-08 7.46 7.46 7.46 7.46 7.46 7.46
100-10 7.44 7.44 7.45 7.45 7.45 7.45
100-12 7.43 7.43 7.43 7.43 7.43 7.43
100-14 7.41 7.42 7.42 7.42 7.42 7.42
100-16 7.40 7.40 7.40 7.41 7.41 7.41
WAL (YRS) 5.71 5.70 5.69 5.68 5.68 5.68
MOD DUR 4.48 4.47 4.46 4.46 4.46 4.46
FIRST PRIN DATE 11/20/2003 10/20/2003 10/20/2003 09/20/2003 09/20/2003 09/20/2003
FINAL PRIN DATE 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006
PRIN WINDOW 38 39 39 40 40 40
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/26/99 TREASURY CURVE AS OF 10/26/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.130
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.330
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.530
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.970
of the offered certificates as described under 2 5.950 5 6.140
"Description of the Certificates-Distributions- 5 6.300 10 6.230
Distributions of Prepayment Premiums" in the Prospectus
Supplement
No Extensions on any Mortgage Loan 30 6.370
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 48
PRICE/YIELD TABLE - CLASS A-4
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 110,485,256
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
98-30 7.82 7.82 7.81 7.81 7.81 7.81
99-02 7.80 7.79 7.79 7.79 7.79 7.79
99-06 7.77 7.77 7.77 7.77 7.77 7.76
99-10 7.75 7.75 7.75 7.75 7.74 7.74
99-14 7.73 7.73 7.73 7.72 7.72 7.72
99-18 7.71 7.71 7.71 7.70 7.70 7.70
99-22 7.69 7.69 7.68 7.68 7.68 7.68
99-26 7.67 7.66 7.66 7.66 7.66 7.66
99-30 7.65 7.64 7.64 7.64 7.64 7.64
100-02 7.62 7.62 7.62 7.62 7.62 7.61
100-06 7.60 7.60 7.60 7.60 7.59 7.59
100-10 7.58 7.58 7.58 7.57 7.57 7.57
100-14 7.56 7.56 7.56 7.55 7.55 7.55
100-18 7.54 7.54 7.53 7.53 7.53 7.53
100-22 7.52 7.52 7.51 7.51 7.51 7.51
100-26 7.50 7.49 7.49 7.49 7.49 7.49
100-30 7.47 7.47 7.47 7.47 7.47 7.46
WAL (YRS) 8.07 8.07 8.07 8.06 8.06 8.02
MOD DUR 5.81 5.81 5.81 5.80 5.80 5.79
FIRST PRIN DATE 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006 12/20/2006
FINAL PRIN DATE 10/20/2008 10/20/2008 10/20/2008 10/20/2008 09/20/2008 07/20/2008
PRIN WINDOW 23 23 23 23 22 20
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/26/99 TREASURY CURVE AS OF 10/26/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.130
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.330
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.530
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.970
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 5.950 5 6.140
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.300 10 6.230
No Extensions on any Mortgage Loan 30 6.370
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 49
PRICE/YIELD TABLE - CLASS A-1C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 103,960,279
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.2290%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-00 7.48 7.49 7.49 7.50 7.51 7.51
99-04 7.46 7.46 7.46 7.47 7.48 7.48
99-08 7.43 7.43 7.43 7.44 7.45 7.45
99-12 7.40 7.40 7.40 7.41 7.42 7.42
99-16 7.37 7.37 7.37 7.38 7.39 7.39
99-20 7.34 7.34 7.34 7.35 7.36 7.36
99-24 7.31 7.31 7.31 7.32 7.33 7.33
99-28 7.28 7.28 7.29 7.29 7.30 7.30
100-00 7.25 7.25 7.26 7.26 7.27 7.27
100-04 7.22 7.22 7.23 7.23 7.24 7.24
100-08 7.19 7.19 7.20 7.20 7.21 7.21
100-12 7.16 7.16 7.17 7.17 7.18 7.18
100-16 7.13 7.13 7.14 7.14 7.15 7.15
100-20 7.10 7.11 7.11 7.11 7.12 7.12
100-24 7.07 7.08 7.08 7.08 7.09 7.09
100-28 7.05 7.05 7.05 7.05 7.06 7.06
101-00 7.02 7.02 7.02 7.03 7.03 7.03
WAL (YRS) 5.50 5.48 5.45 5.41 5.36 5.24
MOD DUR 4.25 4.24 4.22 4.19 4.16 4.08
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 01/20/2008 01/20/2008 01/20/2008 12/20/2007 12/20/2007 07/20/2007
PRIN WINDOW 98 98 98 97 97 92
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/26/99 TREASURY CURVE AS OF 10/26/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.130
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.330
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.530
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.970
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 5.950 5 6.140
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.300 10 6.230
No Extensions on any Mortgage Loan 30 6.370
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 50
PRICE/YIELD TABLE - CLASS A-2C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 114,048,463
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.4720%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-00 7.66 7.66 7.66 7.66 7.66 7.66
99-04 7.64 7.64 7.64 7.64 7.64 7.64
99-08 7.62 7.62 7.62 7.62 7.62 7.62
99-12 7.60 7.60 7.60 7.60 7.60 7.60
99-16 7.58 7.58 7.58 7.58 7.58 7.58
99-20 7.56 7.56 7.56 7.56 7.56 7.56
99-24 7.54 7.54 7.54 7.54 7.54 7.54
99-28 7.51 7.51 7.52 7.52 7.52 7.52
100-00 7.49 7.49 7.49 7.49 7.49 7.50
100-04 7.47 7.47 7.47 7.47 7.47 7.48
100-08 7.45 7.45 7.45 7.45 7.45 7.45
100-12 7.43 7.43 7.43 7.43 7.43 7.43
100-16 7.41 7.41 7.41 7.41 7.41 7.41
100-20 7.39 7.39 7.39 7.39 7.39 7.39
100-24 7.37 7.37 7.37 7.37 7.37 7.37
100-28 7.35 7.35 7.35 7.35 7.35 7.35
101-00 7.33 7.33 7.33 7.33 7.33 7.33
WAL (YRS) 8.59 8.58 8.56 8.53 8.49 8.24
MOD DUR 6.12 6.12 6.11 6.10 6.07 5.95
FIRST PRIN DATE 01/20/2008 01/20/2008 01/20/2008 12/20/2007 12/20/2007 07/20/2007
FINAL PRIN DATE 10/20/2008 09/20/2008 09/20/2008 09/20/2008 09/20/2008 06/20/2008
PRIN WINDOW 10 9 9 10 10 12
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/26/99 TREASURY CURVE AS OF 10/26/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.130
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.330
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.530
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.970
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 5.950 5 6.140
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.300 10 6.230
No Extensions on any Mortgage Loan 30 6.370
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 51
NATIONSLINK 99-2
TOTAL RETURN ANALYSIS
<TABLE>
<S> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
ASSUMED HORIZON
<TABLE>
<S> <C> <C>
Initial Settle 11/30/99
Exit Settle 11/30/00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) INITIAL PRICING SCENARIO 1 SCENARIO 2 SCENARIO 3
- ------------------- --------------- ---------- ---------- ----------
PORTFOLIO MORTGAGE
LOANS
- ------------------
<S> <C> <C> <C> <C>
During YM 6.00% 6.00% 0.00% 12.00%
During Open/Fixed
Penalty 6.00% 6.00% 0.00% 12.00%
CONDUIT MORTGAGE
LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed
Penalty 0.00% 0.00% 0.00% 0.00%
YIELD CURVE
Shock 0.00% 0.00% 1.00% -1.00%
Reinvestment Rate NA 5.39% 6.39% 4.39%
</TABLE>
<TABLE>
<CAPTION>
TOTAL RETURN
OPEN PRICE ACCRUED INT TOTAL PROCEEDS CLOSE PRICE ACCRUED INT TOTAL PROCEEDS HORIZON (BEY)
---------- ------------ -------------- ----------- ------------ -------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C>
SCENARIO 1 100-00 1,344,481.21 233,344,920.21 100-03.3 1,344,481.21 233,584,170.66 7.31%
SCENARIO 2 100-00 1,344,481.21 233,344,920.21 95-14.7 1,344,481.21 222,810,650.28 2.84%
SCENARIO 3 100-00 1,344,481.21 233,344,920.21 104-20.9 1,344,481.21 244,140,190.64 11.60%
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
----------- ---------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
---------- ------------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
----------- ----------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
---------- ------------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LOGO
<PAGE> 52
Class: C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 44,886,135
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99 Coupon Type: WAC
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1
- ------------------------ ----------
PORTFOLIO MORTGAGE LOANS
<S> <C>
During YM 100.00%
During Open/Fixed Penalty 100.00%
Conduit Mortgage Loans
During YM 100.00%
During Open/Fixed Penalty 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1
----------
<S> <C>
98-08 7.59
98-12 7.57
98-16 7.55
98-20 7.53
98-24 7.51
98-28 7.49
99-00 7.47
99-04 7.45
99-08 7.43
99-12 7.41
99-16 7.39
99-20 7.37
99-24 7.35
99-28 7.33
100-00 7.31
100-04 7.29
100-08 7.27
WAL (Yrs) 8.81
Mod Dur 6.28
First Prin Date 08/20/2008
Final Prin Date 10/20/2008
Prin Window 3
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
----------- -----------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
---------- -----------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
----------- ----------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
---------- ------------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LOGO
<PAGE> 53
Class: X
<TABLE>
<S> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
- ---------------- ---------- ---------- ---------- -----------
PORTFOLIO MORTGAGE LOANS
<S> <C> <C> <C> <C>
During YM 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 6.00% 15.00% 25.00% 50.00%
Conduit Mortgage Loans
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
Default Rate
CDR 3.00% 3.00% 3.00% 3.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
- ---------------- ---------- ---------- ---------- -----------
<S> <C> <C> <C> <C>
3-2.5 10.68 10.57 10.47 10.29
3-3.0 10.49 10.38 10.28 10.10
3-3.5 10.31 10.20 10.10 9.92
3-4.0 10.12 10.02 9.92 9.74
3-4.5 9.94 9.84 9.74 9.56
3-5.0 9.76 9.66 9.56 9.38
3-5.5 9.58 9.48 9.38 9.21
3-6.0 9.41 9.30 9.21 9.03
3-6.5 9.23 9.13 9.03 8.86
3-7.0 9.06 8.96 8.86 8.69
3-7.5 8.89 8.78 8.69 8.52
3-8.0 8.72 8.62 8.52 8.35
3-8.5 8.55 8.45 8.35 8.18
3-9.0 8.38 8.28 8.19 8.02
3-9.5 8.22 8.12 8.02 7.85
3-10.0 8.05 7.95 7.86 7.69
3-10.5 7.89 7.79 7.70 7.53
WAL (Yrs) 6.03 6.03 6.03 6.02
Mod Dur 2.75 2.76 2.77 2.78
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 10/20/2012 10/20/2012 10/20/2012 10/20/2012
Prin Window 155 155 155 155
Yield Spread At Center Price 3.28 3.17 3.08 2.90
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
----------- ----------------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
---------- ------------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
Default Rates are a Constant % of CDR, beginning month 25, 12 month delay, 35% severity. 1/2 5.600
100% of All Prepayment Premiums are assumed to be collected 1 5.650
Prepayment Premiums are allocated to one or more classes 2 5.950
of the offered certificates as described in the prospectus using 5 6.300
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet)
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
----------- ----------------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
---------- ------------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
Default Rates are a Constant % of CDR, beginning month 25, 12 month delay, 35% severity. 1 5.410
100% of All Prepayment Premiums are assumed to be collected 2 5.780
Prepayment Premiums are allocated to one or more classes 5 5.940
of the offered certificates as described in the prospectus using 10 6.020
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 30 6.160
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LOGO
<PAGE> 54
Class: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
- ---------------- ---------- ---------- ---------- ---------- ----------
PORTFOLIO MORTGAGE LOANS
<S> <C> <C> <C> <C> <C>
During YM 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 6.00% 6.00% 6.00% 6.00% 6.00%
Conduit Mortgage Loans
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
3-2.5 12.17 12.16 12.15 12.14 12.01
3-3.0 11.99 11.98 11.97 11.96 11.83
3-3.5 11.81 11.80 11.79 11.77 11.65
3-4.0 11.63 11.62 11.61 11.59 11.47
3-4.5 11.45 11.44 11.43 11.41 11.29
3-5.0 11.27 11.26 11.25 11.24 11.11
3-5.5 11.10 11.09 11.08 11.06 10.93
3-6.0 10.92 10.91 10.90 10.89 10.76
3-6.5 10.75 10.74 10.73 10.72 10.58
3-7.0 10.58 10.57 10.56 10.54 10.41
3-7.5 10.41 10.40 10.39 10.38 10.24
3-8.0 10.24 10.23 10.22 10.21 10.07
3-8.5 10.08 10.07 10.06 10.04 9.91
3-9.0 9.91 9.90 9.89 9.88 9.74
3-9.5 9.75 9.74 9.73 9.71 9.58
3-10.0 9.59 9.58 9.57 9.55 9.42
3-10.5 9.43 9.42 9.41 9.39 9.25
WAL (Yrs) 6.43 6.42 6.41 6.40 6.32
Mod Dur 2.80 2.80 2.79 2.79 2.78
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 08/20/2013 08/20/2013 08/20/2013 08/20/2013 05/20/2013
Prin Window 165 165 165 165 162
Yield Spread At Center Price 4.79 4.78 4.77 4.75 4.62
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
----------- ----------------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
---------- -----------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Defaults on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
----------- ---------------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
---------- ------------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Defaults on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LOGO
<PAGE> 55
Class: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
- ---------------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 15.00% 15.00% 15.00% 15.00% 15.00%
During Open/Fixed Penalty 15.00% 15.00% 15.00% 15.00% 15.00%
Conduit Mortgage Loans
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
3-2.5 13.37 13.37 13.36 13.34 13.20
3-3.0 13.17 13.16 13.15 13.13 12.99
3-3.5 12.96 12.95 12.94 12.92 12.79
3-4.0 12.75 12.75 12.73 12.72 12.58
3-4.5 12.55 12.54 12.53 12.52 12.38
3-5.0 12.35 12.34 12.33 12.32 12.17
3-5.5 12.15 12.14 12.13 12.12 11.98
3-6.0 11.96 11.95 11.94 11.92 11.78
3-6.5 11.76 11.75 11.74 11.73 11.58
3-7.0 11.57 11.56 11.55 11.53 11.39
3-7.5 11.38 11.37 11.36 11.34 11.20
3-8.0 11.19 11.18 11.17 11.15 11.01
3-8.5 11.00 10.99 10.98 10.96 10.82
3-9.0 10.82 10.81 10.80 10.78 10.63
3-9.5 10.63 10.62 10.61 10.60 10.45
3-10.0 10.45 10.44 10.43 10.41 10.26
3-10.5 10.27 10.26 10.25 10.23 10.08
WAL (Yrs) 5.83 5.82 5.81 5.80 5.72
Mod Dur 2.47 2.47 2.47 2.47 2.46
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 08/20/2013 08/20/2013 08/20/2013 08/20/2013 05/20/2013
Prin Window 165 165 165 165 162
Yield Spread At Center Price 5.81 5.80 5.79 5.77 5.63
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
----------- ----------------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
---------- ------------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Defaults on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
----------- -----------------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
---------- ------------
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Defaults on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LOGO
<PAGE> 56
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
- ---------------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 15.00% 25.00% 50.00%
During Open/Fixed Penalty 6.00% 15.00% 25.00% 50.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
3-2.5 7.60 3.87 1.13 -2.36
3-3.0 7.44 3.73 1.00 -2.47
3-3.5 7.29 3.59 0.87 -2.58
3-4.0 7.13 3.45 0.74 -2.69
3-4.5 6.98 3.31 0.61 -2.80
3-5.0 6.83 3.17 0.49 -2.91
3-5.5 6.68 3.04 0.36 -3.02
3-6.0 6.53 2.90 0.24 -3.13
3-6.5 6.39 2.77 0.11 -3.24
3-7.0 6.24 2.63 -0.01 -3.34
3-7.5 6.10 2.50 -0.13 -3.45
3-8.0 5.95 2.37 -0.25 -3.55
3-8.5 5.81 2.24 -0.37 -3.65
3-9.0 5.67 2.11 -0.49 -3.76
3-9.5 5.53 1.98 -0.61 -3.86
3-10.0 5.39 1.86 -0.72 -3.96
3-10.5 5.26 1.73 -0.84 -4.06
WAL (YRS) 6.32 5.72 5.25 4.59
MOD DUR 3.28 3.59 3.90 4.51
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 05/20/2013 05/20/2013 04/20/2013 04/20/2013
PRIN WINDOW 162 162 161 161
YIELD SPREAD AT CENTER PRICE -2.57 -6.18 -8.83 -12.15
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal 1/12 7.700 1/4 8.080
Balance as of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 8.150 1/2 8.260
100% of All Prepayment Premiums are assumed to be collected 1/2 8.600 1 8.410
Prepayment Premiums are allocated to one or more classes of the 1 8.650 2 8.780
offered certificates as described in the prospectus using the 2 8.950 5 8.940
Discount Rate Fraction Method (see Prospectus or Example in Term 5 9.300 10 9.020
Sheet)
No Extensions on any Mortgage Loan 30 9.160
No Defaults on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 57
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
- ---------------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
DEFAULT RATE
CDR 0.00% 1.00% 2.00% 3.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
3-2.5 11.37 10.48 9.62 8.78
3-3.0 11.19 10.30 9.44 8.61
3-3.5 11.01 10.12 9.26 8.43
3-4.0 10.83 9.94 9.08 8.25
3-4.5 10.66 9.77 8.90 8.08
3-5.0 10.48 9.60 8.73 7.90
3-5.5 10.31 9.42 8.56 7.73
3-6.0 10.14 9.25 8.39 7.56
3-6.5 9.97 9.08 8.22 7.39
3-7.0 9.80 8.91 8.05 7.23
3-7.5 9.63 8.75 7.89 7.06
3-8.0 9.47 8.58 7.72 6.90
3-8.5 9.30 8.42 7.56 6.74
3-9.0 9.14 8.26 7.40 6.58
3-9.5 8.98 8.10 7.24 6.42
3-10.0 8.82 7.94 7.08 6.26
3-10.5 8.66 7.78 6.92 6.10
WAL (YRS) 6.29 6.13 5.97 5.82
MOD DUR 2.84 2.84 2.85 2.86
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 05/20/2013 04/20/2013 04/20/2013 09/20/2012
PRIN WINDOW 162 161 161 154
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal 1/12 4.700 1/4 5.080
Balance as of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
Default Rates are a Constant % of CDR, beginning month 12, 6 month 1/2 5.600 1 5.410
delay, 30% severity.
100% of All Prepayment Premiums are assumed to be collected 1 5.650 2 5.780
Prepayment Premiums are allocated to one or more classes of the 2 5.950 5 5.940
offered certificates as described in the prospectus using the 5 6.300 10 6.020
Discount Rate Fraction Method (see Prospectus or Example in Term 30 6.160
Sheet)
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 58
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
- ---------------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
3-2.5 11.38 11.09 10.92 10.80 10.55
3-3.0 11.21 10.93 10.76 10.64 10.38
3-3.5 11.05 10.77 10.59 10.48 10.22
3-4.0 10.89 10.60 10.43 10.31 10.06
3-4.5 10.72 10.44 10.27 10.16 9.90
3-5.0 10.56 10.28 10.11 10.00 9.74
3-5.5 10.40 10.13 9.96 9.84 9.59
3-6.0 10.25 9.97 9.80 9.69 9.43
3-6.5 10.09 9.81 9.64 9.53 9.28
3-7.0 9.93 9.66 9.49 9.38 9.13
3-7.5 9.78 9.51 9.34 9.23 8.97
3-8.0 9.63 9.36 9.19 9.08 8.82
3-8.5 9.48 9.21 9.04 8.93 8.68
3-9.0 9.33 9.06 8.89 8.78 8.53
3-9.5 9.18 8.91 8.74 8.63 8.38
3-10.0 9.03 8.76 8.60 8.49 8.24
3-10.5 8.89 8.62 8.45 8.34 8.09
WAL (YRS) 6.96 6.94 6.92 6.90 6.82
MOD DUR 3.08 3.10 3.11 3.12 3.13
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 08/20/2013 08/20/2013 08/20/2013 08/20/2013 05/20/2013
PRIN WINDOW 165 165 165 165 162
YIELD SPREAD AT CENTER PRICE
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal 1/12 4.700 1/4 5.080
Balance as of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected
classes 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more of the offered 1 5.650 2 5.780
certificates as described in the prospectus using the Discount 2 5.950 5 5.940
Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 59
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
3-2.5 10.55 10.95 11.17 11.37 11.53 11.72 12.22
3-3.0 10.38 10.78 11.00 11.19 11.34 11.53 12.02
3-3.5 10.22 10.60 10.82 11.01 11.16 11.34 11.82
3-4.0 10.06 10.44 10.65 10.83 10.98 11.16 11.63
3-4.5 9.90 10.27 10.48 10.66 10.80 10.97 11.44
3-5.0 9.74 10.10 10.31 10.48 10.62 10.79 11.25
3-5.5 9.59 9.94 10.14 10.31 10.44 10.61 11.06
3-6.0 9.43 9.77 9.97 10.14 10.27 10.43 10.87
3-6.5 9.28 9.61 9.80 9.97 10.10 10.26 10.69
3-7.0 9.13 9.45 9.64 9.80 9.92 10.08 10.50
3-7.5 8.97 9.29 9.48 9.63 9.75 9.91 10.32
3-8.0 8.82 9.14 9.32 9.47 9.59 9.74 10.14
3-8.5 8.68 8.98 9.16 9.30 9.42 9.57 9.96
3-9.0 8.53 8.83 9.00 9.14 9.25 9.40 9.79
3-9.5 8.38 8.67 8.84 8.98 9.09 9.23 9.61
3-10.0 8.24 8.52 8.68 8.82 8.93 9.06 9.44
3-10.5 8.09 8.37 8.53 8.66 8.76 8.90 9.27
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
MOD DUR 3.13 2.98 2.90 2.84 2.78 2.72 2.60
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
PRIN WINDOW 162 162 162 162 162 162 162
YIELD SPREAD AT CENTER PRICE 3.31 3.65 3.84 4.01 4.14 4.30 4.73
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal 1/12 4.700 1/4 5.080
Balance as of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes of the 1 5.650 2 5.780
offered certificates as described in the prospectus using the 2 5.950 5 5.940
Discount Rate Fraction Method (see Prospectus or Example in 5 6.300 10 6.020
Term Sheet)
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 60
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
3-2.5 10.54 10.84 11.01 11.16 11.27 11.41 11.80
3-3.0 10.38 10.67 10.84 10.98 11.08 11.22 11.61
3-3.5 10.21 10.50 10.67 10.80 10.90 11.04 11.41
3-4.0 10.05 10.33 10.49 10.63 10.72 10.86 11.22
3-4.5 9.90 10.17 10.32 10.45 10.55 10.68 11.04
3-5.0 9.74 10.00 10.15 10.28 10.37 10.50 10.85
3-5.5 9.58 9.84 9.99 10.11 10.20 10.32 10.66
3-6.0 9.43 9.68 9.82 9.94 10.02 10.14 10.48
3-6.5 9.27 9.52 9.66 9.77 9.85 9.97 10.30
3-7.0 9.12 9.36 9.49 9.60 9.68 9.80 10.12
3-7.5 8.97 9.20 9.33 9.44 9.52 9.63 9.94
3-8.0 8.82 9.04 9.17 9.28 9.35 9.46 9.77
3-8.5 8.67 8.89 9.01 9.11 9.18 9.29 9.59
3-9.0 8.52 8.73 8.86 8.95 9.02 9.12 9.42
3-9.5 8.38 8.58 8.70 8.79 8.86 8.96 9.25
3-10.0 8.23 8.43 8.55 8.64 8.70 8.79 9.08
3-10.5 8.09 8.28 8.39 8.48 8.54 8.63 8.91
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
MOD DUR 3.13 2.99 2.93 2.87 2.81 2.76 2.66
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
PRIN WINDOW 162 162 162 162 162 162 162
YIELD SPREAD AT CENTER PRICE
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal 1/12 3.700 1/4 4.080
Balance as of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 4.150 1/2 4.260
100% of All Prepayment Premiums are assumed to be collected 1/2 4.600 1 4.410
Prepayment Premiums are allocated to one or more classes of the 1 4.650 2 4.780
offered certificates as described in the prospectus using the 2 4.950 5 5.940
Discount Rate Fraction Method (see Prospectus or Example in Term 5 6.300 10 7.020
Sheet)
No Extensions on any Mortgage Loan 30 8.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 61
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
3-2.5 10.55 10.11 9.93 9.74 9.56 9.43 9.22
3-3.0 10.39 9.95 9.76 9.57 9.39 9.26 9.05
3-3.5 10.22 9.78 9.60 9.40 9.22 9.09 8.88
3-4.0 10.06 9.62 9.43 9.24 9.06 8.92 8.71
3-4.5 9.90 9.46 9.27 9.07 8.89 8.75 8.54
3-5.0 9.75 9.30 9.11 8.91 8.73 8.59 8.37
3-5.5 9.59 9.14 8.95 8.75 8.56 8.42 8.21
3-6.0 9.44 8.98 8.79 8.59 8.40 8.26 8.04
3-6.5 9.28 8.83 8.63 8.43 8.24 8.10 7.88
3-7.0 9.13 8.67 8.47 8.28 8.09 7.94 7.72
3-7.5 8.98 8.52 8.32 8.12 7.93 7.79 7.56
3-8.0 8.83 8.37 8.17 7.97 7.77 7.63 7.40
3-8.5 8.68 8.21 8.01 7.81 7.62 7.47 7.24
3-9.0 8.53 8.06 7.86 7.66 7.47 7.32 7.09
3-9.5 8.39 7.92 7.71 7.51 7.32 7.17 6.93
3-10.0 8.24 7.77 7.57 7.36 7.17 7.02 6.78
3-10.5 8.10 7.62 7.42 7.21 7.02 6.87 6.63
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
MOD DUR 3.13 3.08 3.06 3.04 3.02 3.00 2.96
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
PRIN WINDOW 162 162 162 162 162 162 162
YIELD SPREAD AT CENTER PRICE
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal 1/12 3.700 1/4 4.080
Balance as of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 4.150 1/2 4.260
100% of All Prepayment Premiums are assumed to be collected 1/2 4.600 1 4.410
Prepayment Premiums are allocated to one or more classes of the 1 4.650 2 5.780
offered certificates as described in the prospectus using the 2 5.950 5 6.940
Discount Rate Fraction Method (see Prospectus or Example in Term 5 7.300 10 8.020
Sheet)
No Extensions on any Mortgage Loan 30 8.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 62
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7682%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
- ---------------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00%
DEFAULT RATE
CDR 0.00% 1.00% 2.00% 3.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
3-3.9 13.70 12.85 12.03 11.25
3-4.4 13.51 12.67 11.84 11.07
3-4.9 13.33 12.48 11.65 10.88
3-5.4 13.14 12.30 11.47 10.70
3-5.9 12.96 12.11 11.29 10.51
3-6.4 12.78 11.93 11.10 10.33
3-6.9 12.60 11.75 10.93 10.16
3-7.4 12.42 11.58 10.75 9.98
3-7.9 12.25 11.40 10.57 9.80
3-8.4 12.07 11.23 10.40 9.63
3-8.9 11.90 11.05 10.22 9.46
3-9.4 11.73 10.88 10.05 9.29
3-9.9 11.56 10.71 9.88 9.12
3-10.4 11.39 10.54 9.72 8.95
3-10.9 11.22 10.38 9.55 8.79
3-11.4 11.06 10.21 9.38 8.62
3-11.9 10.90 10.05 9.22 8.46
WAL (YRS) 6.43 6.27 6.11 5.95
MOD DUR 2.70 2.69 2.70 2.71
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 02/20/2014 02/20/2014 02/20/2014 02/20/2014
PRIN WINDOW 171 171 171 171
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/09/99 TREASURY CURVE AS OF 11/09/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal 1/12 4.700 1/4 5.180
Balance as of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.350
Default Rates are a Constant % of CDR, beginning month 13, 6 month 1/2 5.550 1 5.470
delay, 30% severity.
100% of All Prepayment Premiums are assumed to be collected 1 5.600 2 5.750
Prepayment Premiums are allocated to one or more classes of the 2 5.750 5 5.880
offered certificates as described in the prospectus using the 5 6.050 10 5.960
Discount Rate Fraction Method (see Prospectus or Example in Term 30 6.070
Sheet)
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 63
CLASS: X
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7682%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
DEFAULT RATE
CDR 0.00% 1.00% 2.00% 3.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
3-3.9 12.82 11.99 11.17 10.40
3-4.4 12.64 11.80 10.98 10.22
3-4.9 12.46 11.62 10.80 10.03
3-5.4 12.28 11.44 10.62 9.85
3-5.9 12.10 11.26 10.44 9.68
3-6.4 11.92 11.08 10.26 9.50
3-6.9 11.74 10.91 10.08 9.32
3-7.4 11.57 10.73 9.91 9.15
3-7.9 11.39 10.56 9.74 8.98
3-8.4 11.22 10.39 9.57 8.81
3-8.9 11.05 10.22 9.40 8.64
3-9.4 10.88 10.05 9.23 8.47
3-9.9 10.72 9.88 9.06 8.30
3-10.4 10.55 9.71 8.90 8.14
3-10.9 10.39 9.55 8.73 7.98
3-11.4 10.22 9.39 8.57 7.82
3-11.9 10.06 9.23 8.41 7.66
WAL (YRS) 6.30 6.14 5.98 5.84
Mod Dur 2.74 2.74 2.74 2.76
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 12/20/2013 02/20/2014 02/20/2014 02/20/2014
Prin Window 169 171 171 171
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/09/99 TREASURY CURVE AS OF 11/09/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the
projected Unpaid Principal Balance as
of Nov 10, 1999 1/12 4.700 1/4 5.180
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.350
Default Rates are a Constant % of CDR,
beginning month 13, 6 month delay, 30%
severity. 1/2 5.550 1 5.470
100% of All Prepayment Premiums are assumed
to be collected 1 5.600 2 5.750
Prepayment Premiums are allocated to one or
more classes of the offered 2 5.750 5 5.880
certificates as described
in the prospectus using 5 6.050 10 5.960
the Discount Rate Fraction Method (see
Prospectus or Example in Term Sheet) 30 6.070
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 64
CLASS: X
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7682%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 60.00% 80.00% 90.00% 100.00%
During Open/Fixed Penalty 60.00% 80.00% 90.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 60.00% 80.00% 90.00% 100.00%
During Open/Fixed Penalty 60.00% 80.00% 90.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
3-3.9 -3.48 -4.76 -5.28 -6.57
3-4.4 -3.59 -4.86 -5.38 -6.66
3-4.9 -3.70 -4.95 -5.47 -6.75
3-5.4 -3.80 -5.05 -5.57 -6.84
3-5.9 -3.91 -5.15 -5.66 -6.93
3-6.4 -4.01 -5.25 -5.76 -7.02
3-6.9 -4.11 -5.34 -5.85 -7.10
3-7.4 -4.22 -5.44 -5.94 -7.19
3-7.9 -4.32 -5.54 -6.04 -7.28
3-8.4 -4.42 -5.63 -6.13 -7.36
3-8.9 -4.52 -5.72 -6.22 -7.45
3-9.4 -4.62 -5.82 -6.31 -7.53
3-9.9 -4.72 -5.91 -6.40 -7.62
3-10.4 -4.82 -6.00 -6.49 -7.70
3-10.9 -4.91 -6.09 -6.57 -7.78
3-11.4 -5.01 -6.18 -6.66 -7.87
3-11.9 -5.11 -6.27 -6.75 -7.95
WAL (YRS) 4.11 3.84 3.73 3.44
Mod Dur 4.65 4.99 5.15 5.48
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 02/20/2014 02/20/2014 02/20/2014 12/20/2013
Prin Window 171 171 171 169
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/09/99 TREASURY CURVE AS OF 11/09/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the
projected Unpaid Principal Balance as
of Nov 10, 1999 1/12 7.700 1/4 8.180
Prepay Rates are a Constant % of CPR 1/4 8.250 1/2 8.350
100% of All Prepayment Premiums are assumed
to be collected 1/2 8.550 1 8.470
Prepayment Premiums are allocated to one
or more classes of the offered 1 8.600 2 8.750
certificates as described
in the prospectus using 2 8.750 5 8.880
the Discount Rate Fraction Method
(see Prospectus or Example in Term Sheet) 5 9.050 10 8.960
No Defaults on any Mortgage Loan 30 9.070
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 65
CLASS: X
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7682%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00%
DEFAULT RATE
CDR 0.00% 1.00% 2.00% 3.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
3-3.9 12.79 11.91 11.03 10.22
3-4.4 12.62 11.74 10.86 10.05
3-4.9 12.46 11.57 10.69 9.89
3-5.4 12.29 11.41 10.52 9.72
3-5.9 12.13 11.24 10.36 9.56
3-6.4 11.96 11.08 10.20 9.40
3-6.9 11.80 10.92 10.03 9.23
3-7.4 11.64 10.76 9.87 9.07
3-7.9 11.48 10.60 9.71 8.92
3-8.4 11.32 10.44 9.56 8.76
3-8.9 11.16 10.28 9.40 8.60
3-9.4 11.01 10.13 9.24 8.45
3-9.9 10.85 9.97 9.09 8.30
3-10.4 10.70 9.82 8.94 8.14
3-10.9 10.55 9.67 8.78 7.99
3-11.4 10.40 9.52 8.63 7.85
3-11.9 10.25 9.37 8.49 7.70
WAL (YRS) 6.96 6.77 6.60 6.43
Mod Dur 2.97 2.97 2.98 3.00
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 08/20/2013 08/20/2013 05/20/2013 03/20/2013
Prin Window 165 165 162 160
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/09/99 TREASURY CURVE AS OF 11/09/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using
the projected Unpaid Principal Balance
as of Nov 10, 1999 1/12 4.700 1/4 5.180
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.350
Default Rates are a Constant % of CDR,
beginning month 13, 6 month delay, 30% severity. 1/2 5.550 1 5.470
100% of All Prepayment Premiums are assumed to be
collected 1 5.600 2 5.750
Prepayment Premiums are allocated to one or more
classes of the offered certificates as described
in the prospectus using the Discount Rate Fraction
Method (see Prospectus or Example in Term Sheet) 2 5.750 5 5.880
No Extensions on any Mortgage Loan 5 6.050 10 5.960
No Delinquencies on any Mortgage Loan 30 6.070
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 66
CLASS: X
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7682%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
DEFAULT RATE
CDR 0.00% 1.00% 2.00% 3.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
3-3.9 11.97 11.10 10.23 9.42
3-4.4 11.80 10.93 10.07 9.25
3-4.9 11.63 10.76 9.90 9.09
3-5.4 11.47 10.60 9.74 8.93
3-5.9 11.31 10.44 9.58 8.76
3-6.4 11.15 10.28 9.42 8.60
3-6.9 10.99 10.12 9.26 8.45
3-7.4 10.83 9.96 9.10 8.29
3-7.9 10.67 9.80 8.94 8.13
3-8.4 10.52 9.65 8.79 7.98
3-8.9 10.36 9.49 8.63 7.83
3-9.4 10.21 9.34 8.48 7.67
3-9.9 10.06 9.19 8.33 7.52
3-10.4 9.91 9.04 8.18 7.37
3-10.9 9.76 8.89 8.03 7.23
3-11.4 9.61 8.74 7.88 7.08
3-11.9 9.46 8.59 7.74 6.93
WAL (YRS) 6.82 6.64 6.47 6.31
MOD DUR 3.02 3.02 3.03 3.05
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 05/20/2013 04/20/2013 04/20/2013 09/20/2012
PRIN WINDOW 162 161 161 154
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/09/99 TREASURY CURVE AS OF 11/09/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected
Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.180
Prepay Rates are a Constant % of CPR
Default Rates are a Constant % of CDR, beginning 1/4 5.250 1/2 5.350
month 13, 6 month delay, 30% severity.
100% of All Prepayment Premiums are assumed to be 1/2 5.550 1 5.470
collected
Prepayment Premiums are allocated to one or more 1 5.600 2 5.750
classes of the offered certificates as described
in the prospectus using the Discount Rate 2 5.750 5 5.880
Fraction Method (see Prospectus or Example
in Term Sheet) 5 6.050 10 5.960
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan 30 6.070
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 67
CLASS: X
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
3-2.5 10.53 11.37 11.81 12.20 12.55 12.93 13.82
3-3.0 10.37 11.19 11.62 12.02 12.36 12.73 13.61
3-3.5 10.21 11.02 11.45 11.83 12.17 12.54 13.40
3-4.0 10.05 10.85 11.27 11.65 11.98 12.34 13.19
3-4.5 9.89 10.68 11.09 11.47 11.79 12.15 12.99
3-5.0 9.73 10.51 10.92 11.29 11.61 11.96 12.79
3-5.5 9.57 10.34 10.75 11.11 11.42 11.77 12.59
3-6.0 9.42 10.18 10.58 10.93 11.24 11.59 12.39
3-6.5 9.26 10.01 10.41 10.76 11.06 11.40 12.20
3-7.0 9.11 9.85 10.24 10.59 10.89 11.22 12.00
3-7.5 8.96 9.69 10.07 10.42 10.71 11.04 11.81
3-8.0 8.81 9.53 9.91 10.25 10.54 10.86 11.62
3-8.5 8.66 9.37 9.74 10.08 10.36 10.68 11.43
3-9.0 8.52 9.21 9.58 9.91 10.19 10.50 11.25
3-9.5 8.37 9.06 9.42 9.74 10.02 10.33 11.06
3-10.0 8.22 8.90 9.26 9.58 9.85 10.16 10.88
3-10.5 8.08 8.75 9.10 9.42 9.69 9.98 10.70
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
Mod Dur 3.13 2.93 2.84 2.76 2.68 2.61 2.46
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
Prin Window 162 162 162 162 162 162 162
Yield Spread At Center Price
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected
Unpaid Principal Balance as of Nov 10, 1999 1/12 2.700 1/4 3.080
Prepay Rates are a Constant % of CPR 1/4 3.150 1/2 3.260
100% of All Prepayment Premiums are assumed to be
collected 1/2 3.600 1 3.410
Prepayment Premiums are allocated to one or more 1 3.650 2 3.780
classes of the offered certificates as described
in the prospectus using the Discount Rate Fraction 2 3.950 5 3.940
Method (see Prospectus or Example in Term Sheet)
No Extensions on any Mortgage Loan 5 4.300 10 4.020
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan 30 4.160
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 68
CLASS: X
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
3-2.5 10.54 11.18 11.53 11.83 12.10 12.39 13.11
3-3.0 10.37 11.01 11.35 11.65 11.91 12.20 12.90
3-3.5 10.21 10.84 11.17 11.47 11.72 12.01 12.70
3-4.0 10.05 10.67 10.99 11.29 11.54 11.82 12.50
3-4.5 9.89 10.50 10.82 11.11 11.35 11.63 12.30
3-5.0 9.73 10.33 10.65 10.93 11.17 11.44 12.11
3-5.5 9.58 10.16 10.48 10.76 10.99 11.26 11.91
3-6.0 9.42 10.00 10.31 10.58 10.81 11.08 11.72
3-6.5 9.27 9.84 10.14 10.41 10.64 10.90 11.53
3-7.0 9.12 9.67 9.97 10.24 10.46 10.72 11.34
3-7.5 8.97 9.51 9.81 10.07 10.29 10.54 11.15
3-8.0 8.82 9.36 9.65 9.90 10.12 10.36 10.97
3-8.5 8.67 9.20 9.48 9.74 9.95 10.19 10.78
3-9.0 8.52 9.04 9.32 9.57 9.78 10.01 10.60
3-9.5 8.37 8.89 9.16 9.41 9.61 9.84 10.42
3-10.0 8.23 8.73 9.01 9.25 9.44 9.67 10.24
3-10.5 8.08 8.58 8.85 9.09 9.28 9.51 10.07
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
Mod Dur 3.13 2.95 2.87 2.79 2.72 2.66 2.52
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
Prin Window 162 162 162 162 162 162 162
Yield Spread At Center Price
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected
Unpaid Principal Balance as of Nov 10, 1999 1/12 3.700 1/4 4.080
Prepay Rates are a Constant % of CPR 1/4 4.150 1/2 4.260
100% of All Prepayment Premiums are assumed to be collected 1/2 4.600 1 4.410
Prepayment Premiums are allocated to one or more classes 1 4.650 2 4.780
of the offered certificates as described in the prospectus
using the Discount Rate Fraction Method (see Prospectus or 2 4.950 5 4.940
Example in Term Sheet) 5 5.300 10 5.020
No Extensions on any Mortgage Loan 30 5.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 69
CLASS: X
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
3-2.5 10.55 10.95 11.17 11.37 11.53 11.72 12.22
3-3.0 10.38 10.78 11.00 11.19 11.34 11.53 12.02
3-3.5 10.22 10.60 10.82 11.01 11.16 11.34 11.82
3-4.0 10.06 10.44 10.65 10.83 10.98 11.16 11.63
3-4.5 9.90 10.27 10.48 10.66 10.80 10.97 11.44
3-5.0 9.74 10.10 10.31 10.48 10.62 10.79 11.25
3-5.5 9.59 9.94 10.14 10.31 10.44 10.61 11.06
3-6.0 9.43 9.77 9.97 10.14 10.27 10.43 10.87
3-6.5 9.28 9.61 9.80 9.97 10.10 10.26 10.69
3-7.0 9.13 9.45 9.64 9.80 9.92 10.08 10.50
3-7.5 8.97 9.29 9.48 9.63 9.75 9.91 10.32
3-8.0 8.82 9.14 9.32 9.47 9.59 9.74 10.14
3-8.5 8.68 8.98 9.16 9.30 9.42 9.57 9.96
3-9.0 8.53 8.83 9.00 9.14 9.25 9.40 9.79
3-9.5 8.38 8.67 8.84 8.98 9.09 9.23 9.61
3-10.0 8.24 8.52 8.68 8.82 8.93 9.06 9.44
3-10.5 8.09 8.37 8.53 8.66 8.76 8.90 9.27
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
Mod Dur 3.13 2.98 2.90 2.84 2.78 2.72 2.60
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
Prin Window 162 162 162 162 162 162 162
Yield Spread At Center Price 3.31 3.65 3.84 4.01 4.14 4.30 4.73
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus
using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 70
CLASS: X
- --------------------------------------------------------------------------------
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Conduit Mortgage Loans
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
3-2.5 10.58 10.23 10.11 10.00 9.92 9.88 9.85
3-3.0 10.42 10.07 9.94 9.83 9.74 9.70 9.67
3-3.5 10.25 9.90 9.77 9.66 9.57 9.53 9.50
3-4.0 10.09 9.74 9.61 9.49 9.40 9.36 9.32
3-4.5 9.93 9.57 9.44 9.32 9.23 9.19 9.15
3-5.0 9.78 9.41 9.28 9.16 9.07 9.02 8.98
3-5.5 9.62 9.25 9.12 8.99 8.90 8.85 8.80
3-6.0 9.47 9.09 8.96 8.83 8.74 8.69 8.64
3-6.5 9.31 8.94 8.80 8.67 8.58 8.52 8.47
3-7.0 9.16 8.78 8.64 8.51 8.42 8.36 8.30
3-7.5 9.01 8.63 8.48 8.36 8.26 8.20 8.14
3-8.0 8.86 8.47 8.33 8.20 8.10 8.04 7.98
3-8.5 8.71 8.32 8.18 8.04 7.94 7.88 7.81
3-9.0 8.56 8.17 8.02 7.89 7.79 7.73 7.65
3-9.5 8.41 8.02 7.87 7.74 7.63 7.57 7.49
3-10.0 8.27 7.87 7.72 7.59 7.48 7.42 7.34
3-10.5 8.13 7.73 7.57 7.44 7.33 7.27 7.18
WAL (Yrs) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
Mod Dur 3.13 3.06 3.03 3.00 2.97 2.94 2.87
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
Prin Window 162 162 162 162 162 162 162
Yield Spread At Center Price
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
1% CLEANUP CALL IS EXERCISED TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 5.700 1/4 6.080
PREPAY RATES ARE A CONSTANT % OF CPR 1/4 6.150 1/2 6.260
100% of All Prepayment Premiums are assumed to be collected 1/2 6.600 1 6.410
Prepayment Premiums are allocated to one or more classes 1 6.650 2 6.780
of the offered certificates as described in the
prospectus using 2 6.950 5 6.940
the Discount Rate Fraction Method (see Prospectus or
Example in Term Sheet) 5 7.300 10 7.020
No Extensions on any Mortgage Loan 30 7.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 71
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
3-2.5 10.53 9.10 8.47 7.89 7.37 6.90 6.04
3-3.0 10.37 8.94 8.31 7.73 7.21 6.74 5.89
3-3.5 10.21 8.78 8.15 7.57 7.06 6.59 5.73
3-4.0 10.05 8.62 7.99 7.42 6.90 6.43 5.58
3-4.5 9.89 8.47 7.84 7.27 6.75 6.28 5.43
3-5.0 9.73 8.31 7.69 7.11 6.60 6.13 5.29
3-5.5 9.57 8.16 7.53 6.96 6.45 5.98 5.14
3-6.0 9.42 8.01 7.38 6.81 6.30 5.84 5.00
3-6.5 9.27 7.86 7.23 6.67 6.15 5.69 4.85
3-7.0 9.11 7.71 7.09 6.52 6.01 5.55 4.71
3-7.5 8.96 7.56 6.94 6.37 5.86 5.40 4.57
3-8.0 8.81 7.41 6.79 6.23 5.72 5.26 4.43
3-8.5 8.66 7.26 6.65 6.08 5.58 5.12 4.29
3-9.0 8.52 7.12 6.50 5.94 5.44 4.98 4.15
3-9.5 8.37 6.98 6.36 5.80 5.30 4.84 4.01
3-10.0 8.23 6.83 6.22 5.66 5.16 4.70 3.88
3-10.5 8.08 6.69 6.08 5.52 5.02 4.57 3.74
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
Mod Dur 3.13 3.19 3.22 3.24 3.27 3.29 3.34
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
Prin Window 162 162 162 162 162 162 162
Yield Spread At Center Price
</TABLE>
<TABLE>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 6.700 1/4 7.080
Prepay Rates are a Constant % of CPR 1/4 7.150 1/2 7.260
100% of All Prepayment Premiums are assumed to be collected 1/2 7.600 1 7.410
Prepayment Premiums are allocated to one or more classes of the 1 7.650 2 7.780
offered certificates as described in the prospectus using the 2 7.950 5 7.940
Discount Rate Fraction Method (see Prospectus or Example in Term
Sheet) 5 8.300 10 8.020
No Extensions on any Mortgage Loan 30 8.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 72
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
- ---------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
3-2.5 10.52 8.64 7.80 7.02 6.31 5.66 4.48
3-3.0 10.35 8.48 7.64 6.87 6.16 5.51 4.34
3-3.5 10.19 8.32 7.49 6.71 6.01 5.37 4.20
3-4.0 10.03 8.17 7.33 6.56 5.86 5.22 4.05
3-4.5 9.87 8.01 7.18 6.42 5.72 5.08 3.91
3-5.0 9.72 7.86 7.03 6.27 5.57 4.93 3.78
3-5.5 9.56 7.71 6.88 6.12 5.43 4.79 3.64
3-6.0 9.41 7.56 6.74 5.98 5.28 4.65 3.50
3-6.5 9.25 7.41 6.59 5.83 5.14 4.51 3.37
3-7.0 9.10 7.27 6.45 5.69 5.00 4.37 3.23
3-7.5 8.95 7.12 6.30 5.55 4.86 4.24 3.10
3-8.0 8.80 6.97 6.16 5.41 4.73 4.10 2.97
3-8.5 8.65 6.83 6.02 5.27 4.59 3.97 2.84
3-9.0 8.50 6.69 5.88 5.13 4.45 3.83 2.71
3-9.5 8.36 6.55 5.74 5.00 4.32 3.70 2.58
3-10.0 8.21 6.41 5.60 4.86 4.19 3.57 2.45
3-10.5 8.07 6.27 5.47 4.73 4.05 3.44 2.32
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
Mod Dur 3.13 3.24 3.29 3.35 3.40 3.45 3.55
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
Prin Window 162 162 162 162 162 162 162
Yield Spread At Center Price
</TABLE>
<TABLE>
<CAPTION>
MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
--------------------------------- -----------------------------
ASSUMPTIONS TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
----------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
1% Cleanup Call is Exercised
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 7.700 1/4 8.080
Prepay Rates are a Constant % of CPR 1/4 8.150 1/2 8.260
100% of All Prepayment Premiums are assumed to be collected 1/2 8.600 1 8.410
Prepayment Premiums are allocated to one or more classes of the 1 8.650 2 8.780
offered certificates as described in the prospectus using the 2 8.950 5 8.940
Discount Rate Fraction Method (see Prospectus or Example in
Term Sheet) 5 9.300 10 9.020
No Extensions on any Mortgage Loan 30 9.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 73
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
- ---------------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 15.00% 25.00% 50.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
3-2.5 7.02 3.45 0.82 -2.49
3-3.0 6.87 3.31 0.69 -2.61
3-3.5 6.71 3.17 0.56 -2.72
3-4.0 6.56 3.03 0.44 -2.83
3-4.5 6.42 2.89 0.31 -2.94
3-5.0 6.27 2.76 0.19 -3.05
3-5.5 6.12 2.62 0.06 -3.15
3-6.0 5.98 2.49 -0.06 -3.26
3-6.5 5.83 2.36 -0.18 -3.37
3-7.0 5.69 2.23 -0.30 -3.47
3-7.5 5.55 2.10 -0.42 -3.57
3-8.0 5.41 1.97 -0.54 -3.68
3-8.5 5.27 1.84 -0.66 -3.78
3-9.0 5.13 1.72 -0.77 -3.88
3-9.5 5.00 1.59 -0.89 -3.98
3-10.0 4.86 1.47 -1.00 -4.08
3-10.5 4.73 1.34 -1.12 -4.18
WAL (YRS) 6.29 5.70 5.23 4.58
Mod Dur 3.35 3.65 3.96 4.54
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 05/20/2013 05/20/2013 04/20/2013 04/20/2013
Prin Window 162 162 161 161
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 7.700 1/4 8.080
Prepay Rates are a Constant % of CPR 1/4 8.150 1/2 8.260
100% of All Prepayment Premiums are assumed to be collected 1/2 8.600 1 8.410
Prepayment Premiums are allocated to one or more classes of the 1 8.650 2 8.780
offered certificates as described in the prospectus using the 2 8.950 5 8.940
Discount Rate Fraction Method (see Prospectus or Example in Term
Sheet) 5 9.300 10 9.020
No Extensions on any Mortgage Loan 30 9.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 74
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
- ---------------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 6.00% 15.00% 25.00% 50.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 100.00% 100.00% 100.00% 100.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
3-2.5 5.68 2.03 -0.61 -3.84
3-3.0 5.53 1.89 -0.74 -3.95
3-3.5 5.38 1.75 -0.86 -4.06
3-4.0 5.23 1.62 -0.99 -4.16
3-4.5 5.08 1.49 -1.11 -4.27
3-5.0 4.94 1.35 -1.23 -4.38
3-5.5 4.79 1.22 -1.35 -4.48
3-6.0 4.65 1.09 -1.47 -4.59
3-6.5 4.51 0.96 -1.59 -4.69
3-7.0 4.37 0.83 -1.71 -4.79
3-7.5 4.23 0.71 -1.83 -4.90
3-8.0 4.09 0.58 -1.94 -5.00
3-8.5 3.96 0.45 -2.06 -5.10
3-9.0 3.82 0.33 -2.17 -5.20
3-9.5 3.68 0.21 -2.29 -5.30
3-10.0 3.55 0.09 -2.40 -5.39
3-10.5 3.42 -0.04 -2.51 -5.49
WAL (YRS) 5.82 5.23 4.76 4.11
Mod Dur 3.40 3.72 4.04 4.64
First Prin Date 12/20/1999 12/20/1999 12/20/1999 12/20/1999
Final Prin Date 05/20/2013 05/20/2013 04/20/2013 04/20/2013
Prin Window 162 162 161 161
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 7.700 1/4 8.080
Prepay Rates are a Constant % of CPR 1/4 8.150 1/2 8.260
100% of All Prepayment Premiums are assumed to be collected 1/2 8.600 1 8.410
Prepayment Premiums are allocated to one or more classes of the 1 8.650 2 8.780
offered certificates as described in the prospectus using the 2 8.950 5 8.940
Discount Rate Fraction Method (see Prospectus or Example in Term
Sheet) 5 9.300 10 9.020
No Extensions on any Mortgage Loan 30 9.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 75
CLASS: C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 44,886,135
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99 Coupon Type: WAC
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
- ---------------- ---------- ---------- ----------
PORTFOLIO MORTGAGE LOANS
During YM 100.00% 0.00% 6.00%
During Open/Fixed Penalty 100.00% 0.00% 6.00%
CONDUIT MORTGAGE LOANS
During YM 100.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 0.00% 0.00%
EXTENSIONS
Balloon Loan Extension 0.00% 12 Months 12 Months
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3
---------- ---------- ----------
<S> <C> <C> <C>
98-08 7.59 7.92 7.89
98-12 7.57 7.90 7.87
98-16 7.55 7.88 7.85
98-20 7.53 7.86 7.83
98-24 7.51 7.85 7.81
98-28 7.49 7.83 7.79
99-00 7.47 7.81 7.77
99-04 7.45 7.79 7.75
99-08 7.43 7.77 7.74
99-12 7.41 7.75 7.72
99-16 7.39 7.73 7.70
99-20 7.37 7.72 7.68
99-24 7.35 7.70 7.66
99-28 7.33 7.68 7.64
100-00 7.31 7.66 7.62
100-04 7.29 7.64 7.61
100-08 7.27 7.62 7.59
WAL (YRS) 8.81 10.05 10.01
MOD DUR 6.28 6.75 6.74
FIRST PRIN DATE 08/20/2008 11/20/2009 10/20/2009
FINAL PRIN DATE 10/20/2008 01/20/2010 01/20/2010
PRIN WINDOW 3 3 4
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
----------- --------------------------------- -----------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal
Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes of the 1 5.650 2 5.780
offered certificates as described in the prospectus using the 2 5.950 5 5.940
Discount Rate Fraction Method (see Prospectus or Example in Term 5 6.300 10 6.020
Sheet)
No Delinquencies on any Mortgage Loan 30 6.160
No Defaults on any Mortgage Loan
100% Collection of Extended Balloon Balances
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 76
PRICE/YIELD TABLE - CLASS A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.8460%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Portfolio Mortgage Loans
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-16 6.98 7.10 7.16 7.21 7.29 7.41
99-18 6.96 7.08 7.14 7.19 7.27 7.38
99-20 6.95 7.06 7.12 7.17 7.24 7.36
99-22 6.93 7.04 7.10 7.15 7.22 7.33
99-24 6.92 7.02 7.08 7.12 7.19 7.30
99-26 6.90 7.01 7.06 7.10 7.17 7.28
99-28 6.89 6.99 7.04 7.08 7.15 7.25
99-30 6.87 6.97 7.02 7.05 7.12 7.22
100-00 6.86 6.95 7.00 7.03 7.10 7.20
100-02 6.84 6.93 6.98 7.01 7.07 7.17
100-04 6.83 6.91 6.96 6.99 7.05 7.14
100-06 6.81 6.90 6.94 6.96 7.02 7.12
100-08 6.80 6.88 6.92 6.94 7.00 7.09
100-10 6.79 6.86 6.90 6.92 6.97 7.06
100-12 6.77 6.84 6.87 6.90 6.95 7.04
100-14 6.76 6.82 6.85 6.87 6.92 7.01
100-16 6.74 6.80 6.83 6.85 6.90 6.98
WAL (YRS) 5.19 4.02 3.52 3.15 2.88 2.65
MOD DUR 4.22 3.39 3.02 2.74 2.52 2.34
FIRST PRIN DATE 04/20/2004 11/20/2002 10/20/2002 07/20/2002 03/20/2002 11/20/2001
FINAL PRIN DATE 09/20/2005 11/20/2004 06/20/2004 10/20/2003 05/20/2003 01/20/2003
PRIN WINDOW 18 25 21 16 15 15
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS
----------- MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 5.750 5 5.950
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.050 10 6.020
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 77
PRICE/YIELD TABLE - CLASS A-3
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1810%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-16 7.31 7.33 7.34 7.37 7.41 7.44
99-18 7.30 7.32 7.33 7.36 7.39 7.43
99-20 7.29 7.30 7.31 7.34 7.38 7.41
99-22 7.28 7.29 7.30 7.33 7.36 7.40
99-24 7.26 7.28 7.29 7.32 7.35 7.38
99-26 7.25 7.26 7.27 7.30 7.33 7.37
99-28 7.24 7.25 7.26 7.29 7.32 7.35
99-30 7.23 7.24 7.25 7.27 7.31 7.34
100-00 7.21 7.22 7.23 7.26 7.29 7.32
100-02 7.20 7.21 7.22 7.25 7.28 7.31
100-04 7.19 7.20 7.21 7.23 7.26 7.29
100-06 7.18 7.19 7.19 7.22 7.25 7.28
100-08 7.17 7.17 7.18 7.21 7.23 7.26
100-10 7.15 7.16 7.17 7.19 7.22 7.25
100-12 7.14 7.15 7.16 7.18 7.20 7.23
100-14 7.13 7.13 7.14 7.16 7.19 7.22
100-16 7.12 7.12 7.13 7.15 7.18 7.20
WAL (YRS) 6.55 6.16 5.95 5.70 5.43 5.15
MOD DUR 5.05 4.81 4.67 4.51 4.32 4.13
FIRST PRIN DATE 09/20/2005 11/20/2004 06/20/2004 10/20/2003 05/20/2003 01/20/2003
FINAL PRIN DATE 09/20/2007 03/20/2007 01/20/2007 12/20/2006 08/20/2006 06/20/2006
PRIN WINDOW 25 29 32 39 40 42
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under
"Description of the Certificates-Distributions 2 5.750 5 5.950
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.050 10 6.020
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 78
PRICE/YIELD TABLE - CLASS A-4
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 110,485,256
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.2940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-00 7.50 7.51 7.51 7.51 7.52 7.52
99-04 7.48 7.49 7.49 7.49 7.50 7.50
99-08 7.46 7.47 7.47 7.47 7.48 7.48
99-12 7.44 7.45 7.45 7.45 7.45 7.46
99-16 7.42 7.42 7.43 7.43 7.43 7.44
99-20 7.40 7.40 7.41 7.41 7.41 7.41
99-24 7.38 7.38 7.38 7.39 7.39 7.39
99-28 7.36 7.36 7.36 7.37 7.37 7.37
100-00 7.34 7.34 7.34 7.34 7.35 7.35
100-04 7.32 7.32 7.32 7.32 7.33 7.33
100-08 7.30 7.30 7.30 7.30 7.30 7.31
100-12 7.28 7.28 7.28 7.28 7.28 7.28
100-16 7.26 7.26 7.26 7.26 7.26 7.26
100-20 7.24 7.24 7.24 7.24 7.24 7.24
100-24 7.22 7.22 7.22 7.22 7.22 7.22
100-28 7.20 7.20 7.20 7.20 7.20 7.20
101-00 7.18 7.18 7.18 7.18 7.18 7.18
WAL (YRS) 8.54 8.33 8.20 8.07 7.93 7.78
MOD DUR 6.14 6.03 5.96 5.89 5.81 5.73
FIRST PRIN DATE 09/20/2007 03/20/2007 01/20/2007 12/20/2006 08/20/2006 06/20/2006
FINAL PRIN DATE 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008
PRIN WINDOW 14 20 22 23 27 29
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under
"Description of the Certificates-Distributions 2 5.750 5 5.950
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.050 10 6.020
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 79
PRICE/YIELD TABLE - CLASS A-1C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 103,960,279
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.0300%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-00 7.28 7.28 7.28 7.28 7.28 7.28
99-04 7.25 7.25 7.25 7.25 7.25 7.25
99-08 7.22 7.22 7.22 7.22 7.22 7.22
99-12 7.19 7.19 7.19 7.19 7.19 7.19
99-16 7.16 7.16 7.16 7.16 7.16 7.16
99-20 7.13 7.13 7.13 7.13 7.13 7.13
99-24 7.11 7.11 7.11 7.11 7.11 7.11
99-28 7.08 7.08 7.08 7.08 7.08 7.08
100-00 7.05 7.05 7.05 7.05 7.05 7.05
100-04 7.02 7.02 7.02 7.02 7.02 7.02
100-08 6.99 6.99 6.99 6.99 6.99 6.99
100-12 6.96 6.96 6.96 6.96 6.96 6.96
100-16 6.93 6.93 6.93 6.93 6.93 6.93
100-20 6.90 6.90 6.90 6.90 6.90 6.90
100-24 6.87 6.87 6.87 6.87 6.87 6.87
100-28 6.85 6.85 6.85 6.85 6.85 6.85
101-00 6.82 6.82 6.82 6.82 6.82 6.82
WAL (YRS) 5.50 5.50 5.50 5.50 5.50 5.50
MOD DUR 4.28 4.28 4.28 4.28 4.28 4.28
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 01/20/2008 01/20/2008 01/20/2008 01/20/2008 01/20/2008 01/20/2008
PRIN WINDOW 98 98 98 98 98 98
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under
"Description of the Certificates-Distributions 2 5.750 5 5.950
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.050 10 6.020
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 80
PRICE/YIELD TABLE - CLASS A-2C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 114,048,463
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.2290%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-00 7.44 7.44 7.44 7.44 7.44 7.44
99-04 7.42 7.42 7.42 7.42 7.42 7.42
99-08 7.40 7.40 7.40 7.40 7.40 7.40
99-12 7.38 7.38 7.38 7.38 7.38 7.38
99-16 7.36 7.36 7.36 7.36 7.36 7.36
99-20 7.34 7.34 7.34 7.34 7.34 7.34
99-24 7.32 7.32 7.32 7.32 7.32 7.32
99-28 7.30 7.30 7.30 7.30 7.30 7.30
100-00 7.28 7.28 7.28 7.28 7.28 7.28
100-04 7.26 7.26 7.26 7.26 7.26 7.26
100-08 7.24 7.24 7.24 7.24 7.24 7.24
100-12 7.22 7.22 7.22 7.22 7.22 7.22
100-16 7.20 7.20 7.20 7.20 7.20 7.20
100-20 7.18 7.18 7.18 7.18 7.18 7.18
100-24 7.16 7.16 7.16 7.16 7.16 7.16
100-28 7.14 7.14 7.14 7.14 7.14 7.14
101-00 7.12 7.12 7.12 7.12 7.12 7.12
WAL (YRS) 8.59 8.59 8.59 8.59 8.59 8.59
MOD DUR 6.19 6.19 6.19 6.19 6.19 6.19
FIRST PRIN DATE 01/20/2008 01/20/2008 01/20/2008 01/20/2008 01/20/2008 01/20/2008
FINAL PRIN DATE 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008
PRIN WINDOW 10 10 10 10 10 10
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 5.750 5 5.950
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.050 10 6.020
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 81
PRICE/YIELD TABLE - CLASS B
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 56,107,669
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.5320%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted
average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-00 7.71 7.70 7.70 7.69 7.69 7.69
99-04 7.69 7.68 7.68 7.67 7.67 7.67
99-08 7.67 7.66 7.66 7.65 7.65 7.65
99-12 7.65 7.64 7.64 7.63 7.63 7.63
99-16 7.63 7.62 7.62 7.61 7.61 7.61
99-20 7.61 7.60 7.60 7.59 7.59 7.59
99-24 7.59 7.58 7.58 7.57 7.57 7.57
99-28 7.57 7.56 7.56 7.55 7.55 7.55
100-00 7.55 7.54 7.54 7.53 7.53 7.53
100-04 7.53 7.52 7.52 7.52 7.51 7.51
100-08 7.51 7.50 7.50 7.50 7.49 7.49
100-12 7.49 7.48 7.48 7.48 7.47 7.47
100-16 7.47 7.46 7.46 7.46 7.45 7.45
100-20 7.45 7.44 7.44 7.44 7.43 7.43
100-24 7.43 7.42 7.42 7.42 7.41 7.41
100-28 7.41 7.40 7.40 7.40 7.39 7.39
101-00 7.39 7.38 7.38 7.38 7.37 7.37
WAL (YRS) 8.92 8.91 8.90 8.90 8.90 8.90
MOD DUR 6.28 6.27 6.27 6.27 6.27 6.27
FIRST PRIN DATE 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008 10/20/2008
FINAL PRIN DATE 11/20/2008 11/20/2008 11/20/2008 11/20/2008 11/20/2008 11/20/2008
PRIN WINDOW 2 2 2 2 2 2
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under
"Description of the Certificates-Distributions 2 5.750 5 5.950
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.050 10 6.020
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 82
PRICE/YIELD TABLE - CLASS C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 44,886,135
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99 Coupon Type: WAC
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
97-28 7.98 7.97 7.96 7.95 7.94 7.94
98-00 7.96 7.95 7.94 7.93 7.92 7.92
98-04 7.94 7.93 7.92 7.91 7.90 7.90
98-08 7.92 7.91 7.90 7.89 7.88 7.88
98-12 7.90 7.89 7.88 7.87 7.86 7.86
98-16 7.88 7.87 7.86 7.85 7.84 7.84
98-20 7.86 7.85 7.84 7.83 7.82 7.81
98-24 7.84 7.83 7.82 7.81 7.80 7.79
98-28 7.82 7.81 7.80 7.79 7.78 7.77
99-00 7.80 7.79 7.78 7.77 7.76 7.75
99-04 7.78 7.77 7.76 7.75 7.74 7.74
99-08 7.76 7.75 7.74 7.73 7.72 7.72
99-12 7.74 7.73 7.72 7.71 7.70 7.70
99-16 7.72 7.71 7.70 7.69 7.68 7.68
99-20 7.70 7.69 7.68 7.67 7.66 7.66
99-24 7.68 7.67 7.66 7.65 7.64 7.64
99-28 7.66 7.65 7.64 7.63 7.62 7.62
WAL (YRS) 9.09 9.07 9.06 9.05 9.05 9.04
MOD DUR 6.31 6.30 6.30 6.29 6.29 6.29
FIRST PRIN DATE 11/20/2008 11/20/2008 11/20/2008 11/20/2008 11/20/2008 11/20/2008
FINAL PRIN DATE 01/20/2009 01/20/2009 01/20/2009 01/20/2009 01/20/2009 01/20/2009
PRIN WINDOW 3 3 3 3 3 3
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 5.750 5 5.950
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.050 10 6.020
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 83
PRICE/YIELD TABLE - CLASS D
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 67,329,203
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99 Coupon Type: WAC
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
94-02 8.61 8.59 8.58 8.58 8.57 8.56
94-06 8.59 8.57 8.56 8.56 8.55 8.54
94-10 8.57 8.55 8.54 8.53 8.53 8.52
94-14 8.55 8.53 8.52 8.51 8.51 8.50
94-18 8.53 8.51 8.50 8.49 8.48 8.48
94-22 8.50 8.49 8.48 8.47 8.46 8.46
94-26 8.48 8.47 8.46 8.45 8.44 8.43
94-30 8.46 8.45 8.44 8.43 8.42 8.41
95-02 8.44 8.42 8.42 8.41 8.40 8.39
95-06 8.42 8.40 8.40 8.39 8.38 8.37
95-10 8.40 8.38 8.38 8.37 8.36 8.35
95-14 8.38 8.36 8.35 8.35 8.34 8.33
95-18 8.36 8.34 8.33 8.33 8.32 8.31
95-22 8.34 8.32 8.31 8.30 8.30 8.29
95-26 8.32 8.30 8.29 8.28 8.28 8.27
95-30 8.30 8.28 8.27 8.26 8.26 8.25
96-02 8.28 8.26 8.25 8.24 8.23 8.23
WAL (YRS) 9.16 9.15 9.15 9.14 9.14 9.14
MOD DUR 6.26 6.26 6.26 6.26 6.26 6.26
FIRST PRIN DATE 01/20/2009 01/20/2009 01/20/2009 01/20/2009 01/20/2009 01/20/2009
FINAL PRIN DATE 02/20/2009 02/20/2009 02/20/2009 02/20/2009 02/20/2009 02/20/2009
PRIN WINDOW 2 2 2 2 2 2
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under 2 5.750 5 5.950
"Description of the Certificates-Distributions- 5 6.050 10 6.020
Distributions of Prepayment Premiums" in the Prospectus
Supplement
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 84
PRICE/YIELD TABLE - CLASS X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7398%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
- ---------------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
3-1.0 13.30 13.00 12.81 12.68 12.41
3-1.5 13.11 12.81 12.62 12.50 12.22
3-2.0 12.92 12.62 12.44 12.31 12.03
3-2.5 12.73 12.44 12.25 12.12 11.85
3-3.0 12.54 12.25 12.07 11.94 11.67
3-3.5 12.36 12.07 11.88 11.76 11.48
3-4.0 12.18 11.89 11.70 11.58 11.30
3-4.5 12.00 11.71 11.52 11.40 11.13
3-5.0 11.82 11.53 11.35 11.22 10.95
3-5.5 11.64 11.35 11.17 11.05 10.77
3-6.0 11.46 11.18 11.00 10.87 10.60
3-6.5 11.29 11.00 10.82 10.70 10.43
3-7.0 11.11 10.83 10.65 10.53 10.26
3-7.5 10.94 10.66 10.48 10.36 10.09
3-8.0 10.77 10.49 10.32 10.20 9.92
3-8.5 10.60 10.32 10.15 10.03 9.76
3-9.0 10.44 10.16 9.98 9.86 9.59
WAL (YRS) 6.43 6.41 6.39 6.38 6.29
MOD DUR 2.72 2.74 2.75 2.76 2.77
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 08/20/2013 08/20/2013 08/20/2013 08/20/2013 05/20/2013
PRIN WINDOW 165 165 165 165 162
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 11/10/99 TREASURY CURVE AS OF 11/10/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- ---------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.200
Prepay Rates are a Constant % of CPR 1/4 5.250 1/2 5.400
100% of All Prepayment Premiums are assumed to be collected 1/2 5.550 1 5.510
Prepayment Premiums are allocated to one or more classes 1 5.600 2 5.822
of the offered certificates as described under
"Description of the Certificates-Distributions 2 5.750 5 5.950
Distributions of Prepayment Premiums" in the Prospectus
Supplement 5 6.050 10 6.020
No Extensions on any Mortgage Loan 30 6.116
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 85
CLASS: A-2
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 84,648,789
Settlement Date: 11/30/99 Initial Pass-Through Rate: 6.9200%
Accrual Start Date: 11/1/99 Coupon Type: Fixed
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- ---------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
99-16 7.05 7.17 7.24 7.29 7.38 7.50
99-18 7.04 7.16 7.22 7.27 7.35 7.47
99-20 7.02 7.14 7.20 7.25 7.33 7.44
99-22 7.01 7.12 7.18 7.23 7.30 7.42
99-24 6.99 7.10 7.16 7.20 7.28 7.39
99-26 6.98 7.08 7.14 7.18 7.25 7.36
99-28 6.96 7.06 7.12 7.16 7.23 7.34
99-30 6.95 7.05 7.10 7.13 7.20 7.31
100-00 6.93 7.03 7.08 7.11 7.18 7.28
100-02 6.92 7.01 7.05 7.09 7.15 7.26
100-04 6.90 6.99 7.03 7.07 7.13 7.23
100-06 6.89 6.97 7.01 7.04 7.11 7.20
100-08 6.88 6.95 6.99 7.02 7.08 7.18
100-10 6.86 6.94 6.97 7.00 7.06 7.15
100-12 6.85 6.92 6.95 6.98 7.03 7.12
100-14 6.83 6.90 6.93 6.95 7.01 7.10
100-16 6.82 6.88 6.91 6.93 6.98 7.07
WAL (YRS) 5.19 4.02 3.52 3.15 2.88 2.65
MOD DUR 4.22 3.38 3.02 2.73 2.52 2.34
FIRST PRIN DATE 04/20/2004 11/20/2002 10/20/2002 07/20/2002 03/20/2002 11/20/2001
FINAL PRIN DATE 09/20/2005 11/20/2004 06/20/2004 10/20/2003 05/20/2003 01/20/2003
PRIN WINDOW 18 25 21 16 15 15
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99 TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
- -------------------------------- ---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus using 2 5.950 5 5.940
the Discount Rate Fraction Method (see Prospectus or
Example in Term Sheet) 5 6.300 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES BANK OF AMERICA [LOGO]
<PAGE> 86
CLASS: A-3
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 232,000,439
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.1940%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
99-16 7.33 7.34 7.35 7.38 7.42 7.45
99-18 7.31 7.33 7.34 7.37 7.40 7.44
99-20 7.30 7.32 7.33 7.35 7.39 7.42
99-22 7.29 7.30 7.31 7.34 7.37 7.41
99-24 7.28 7.29 7.30 7.33 7.36 7.39
99-26 7.26 7.28 7.29 7.31 7.34 7.38
99-28 7.25 7.26 7.27 7.30 7.33 7.36
99-30 7.24 7.25 7.26 7.29 7.32 7.35
100-00 7.23 7.24 7.25 7.27 7.30 7.33
100-02 7.22 7.22 7.23 7.26 7.29 7.32
100-04 7.20 7.21 7.22 7.24 7.27 7.30
100-06 7.19 7.20 7.21 7.23 7.26 7.29
100-08 7.18 7.19 7.19 7.22 7.24 7.27
100-10 7.17 7.17 7.18 7.20 7.23 7.26
100-12 7.15 7.16 7.17 7.19 7.22 7.24
100-14 7.14 7.15 7.15 7.18 7.20 7.23
100-16 7.13 7.13 7.14 7.16 7.19 7.21
WAL (YRS) 6.55 6.16 5.95 5.70 5.43 5.15
MOD DUR 5.05 4.81 4.67 4.51 4.32 4.13
FIRST PRIN DATE 09/20/2005 11/20/2004 06/20/2004 10/20/2003 05/20/2003 01/20/2003
FINAL PRIN DATE 09/20/2007 03/20/2007 01/20/2007 12/20/2006 08/20/2006 06/20/2006
PRIN WINDOW 25 29 32 39 40 42
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of 1/12 4.700
Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of 1/4 5.080
Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 87
CLASS: A-4
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 110,485,256
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.3420%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
- --------------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
---------- ---------- ---------- ---------- ---------- ----------
99-00 7.55 7.55 7.56 7.56 7.56 7.57
99-04 7.53 7.53 7.54 7.54 7.54 7.55
99-08 7.51 7.51 7.51 7.52 7.52 7.53
99-12 7.49 7.49 7.49 7.50 7.50 7.50
99-16 7.47 7.47 7.47 7.47 7.48 7.48
99-20 7.45 7.45 7.45 7.45 7.46 7.46
99-24 7.43 7.43 7.43 7.43 7.44 7.44
99-28 7.41 7.41 7.41 7.41 7.41 7.42
100-00 7.39 7.39 7.39 7.39 7.39 7.39
100-04 7.37 7.37 7.37 7.37 7.37 7.37
100-08 7.35 7.35 7.35 7.35 7.35 7.35
100-12 7.33 7.33 7.33 7.33 7.33 7.33
100-16 7.31 7.31 7.31 7.31 7.31 7.31
100-20 7.28 7.28 7.28 7.28 7.29 7.29
100-24 7.26 7.26 7.26 7.26 7.26 7.26
100-28 7.24 7.24 7.24 7.24 7.24 7.24
101-00 7.22 7.22 7.22 7.22 7.22 7.22
WAL (YRS) 8.54 8.33 8.20 8.06 7.92 7.75
MOD DUR 6.13 6.02 5.95 5.87 5.80 5.70
FIRST PRIN DATE 09/20/2007 03/20/2007 01/20/2007 12/20/2006 08/20/2006 06/20/2006
FINAL PRIN DATE 10/20/2008 10/20/2008 10/20/2008 10/20/2008 09/20/2008 07/20/2008
PRIN WINDOW 14 20 22 23 26 26
</TABLE>
<TABLE>
<CAPTION>
MONEY MARKET CURVE TREASURY CURVE
ASSUMPTIONS AS OF 10/29/99 AS OF 10/29/99
--------------------------- ---------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
---------- ------------ ---------- ------------
<S> <C> <C> <C> <C>
Initial Balance is calculated using the projected Unpaid
Principal Balance as of Nov 10, 1999 1/12 4.700 1/4 5.080
Prepay Rates are a Constant % of CPR 1/4 5.150 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600 1 5.410
Prepayment Premiums are allocated to one or more classes 1 5.650 2 5.780
of the offered certificates as described in the prospectus 2 5.950 5 5.940
using the Discount Rate Fraction Method (see Prospectus or 5 6.300 10 6.020
Example in Term Sheet)
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF
RECEIPT OF PREPAYMENT PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 88
CLASS: A-1C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 103,960,279
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.0210%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
99-00 7.27 7.28 7.28 7.29 7.29 7.30
99-04 7.24 7.25 7.25 7.26 7.26 7.27
99-08 7.21 7.22 7.22 7.23 7.23 7.24
99-12 7.18 7.19 7.19 7.20 7.20 7.21
99-16 7.15 7.16 7.16 7.17 7.17 7.18
99-20 7.13 7.13 7.13 7.14 7.14 7.15
99-24 7.10 7.10 7.10 7.11 7.11 7.11
99-28 7.07 7.07 7.07 7.08 7.08 7.08
100-00 7.04 7.04 7.04 7.05 7.05 7.05
100-04 7.01 7.01 7.01 7.02 7.02 7.02
100-08 6.98 6.98 6.99 6.99 6.99 6.99
100-12 6.95 6.95 6.96 6.96 6.96 6.96
100-16 6.92 6.92 6.93 6.93 6.93 6.93
100-20 6.89 6.90 6.90 6.90 6.90 6.90
100-24 6.86 6.87 6.87 6.87 6.88 6.87
100-28 6.84 6.84 6.84 6.84 6.85 6.84
101-00 6.81 6.81 6.81 6.81 6.82 6.81
WAL (YRS) 5.50 5.48 5.45 5.41 5.36 5.24
MOD DUR 4.28 4.27 4.25 4.22 4.19 4.11
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 01/20/2008 01/20/2008 01/20/2008 12/20/2007 12/20/2007 07/20/2007
PRIN WINDOW 98 98 98 97 97 92
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/12 4.700
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/4 5.080
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 89
CLASS: A-2C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 114,048,463
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.2310%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
99-00 7.44 7.44 7.44 7.44 7.44 7.44
99-04 7.42 7.42 7.42 7.42 7.42 7.42
99-08 7.40 7.40 7.40 7.40 7.40 7.40
99-12 7.38 7.38 7.38 7.38 7.38 7.38
99-16 7.36 7.36 7.36 7.36 7.36 7.36
99-20 7.34 7.34 7.34 7.34 7.34 7.34
99-24 7.32 7.32 7.32 7.32 7.32 7.32
99-28 7.30 7.30 7.30 7.30 7.30 7.30
100-00 7.28 7.28 7.28 7.28 7.28 7.28
100-04 7.26 7.26 7.26 7.26 7.26 7.26
100-08 7.24 7.24 7.24 7.24 7.24 7.23
100-12 7.22 7.22 7.22 7.22 7.22 7.21
100-16 7.20 7.20 7.20 7.20 7.20 7.19
100-20 7.18 7.18 7.18 7.18 7.18 7.17
100-24 7.16 7.16 7.16 7.16 7.16 7.15
100-28 7.14 7.14 7.14 7.14 7.14 7.13
101-00 7.12 7.12 7.12 7.12 7.12 7.11
WAL (YRS) 8.59 8.58 8.56 8.53 8.49 8.24
MOD DUR 6.19 6.18 6.17 6.16 6.13 6.00
FIRST PRIN DATE 01/20/2008 01/20/2008 01/20/2008 12/20/2007 12/20/2007 07/20/2007
FINAL PRIN DATE 10/20/2008 09/20/2008 09/20/2008 09/20/2008 09/20/2008 06/20/2008
PRIN WINDOW 10 9 9 10 10 12
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/12 4.700
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/4 5.080
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 90
CLASS: B
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 56,107,669
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99 Coupon Type: Fixed (1)
First Pay Date: 12/20/99 (1) Pass-Through Rate will not exceed the weighted average Net Mortgage Rate.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
99-00 7.67 7.67 7.66 7.66 7.66 7.66
99-04 7.65 7.65 7.64 7.64 7.64 7.64
99-08 7.63 7.63 7.62 7.62 7.62 7.62
99-12 7.61 7.61 7.60 7.60 7.60 7.60
99-16 7.59 7.59 7.58 7.58 7.58 7.58
99-20 7.57 7.57 7.56 7.56 7.56 7.56
99-24 7.55 7.55 7.55 7.54 7.54 7.54
99-28 7.53 7.53 7.53 7.52 7.52 7.52
100-00 7.51 7.51 7.51 7.50 7.50 7.50
100-04 7.49 7.49 7.49 7.48 7.48 7.48
100-08 7.47 7.47 7.47 7.46 7.46 7.46
100-12 7.45 7.45 7.45 7.44 7.44 7.44
100-16 7.43 7.43 7.43 7.42 7.42 7.42
100-20 7.41 7.41 7.41 7.40 7.40 7.40
100-24 7.39 7.39 7.39 7.38 7.38 7.38
100-28 7.37 7.37 7.37 7.37 7.36 7.36
101-00 7.36 7.35 7.35 7.35 7.34 7.34
WAL (YRS) 8.92 8.91 8.90 8.89 8.88 8.68
MOD DUR 6.29 6.28 6.28 6.28 6.27 6.17
FIRST PRIN DATE 10/20/2008 10/20/2008 10/20/2008 10/20/2008 09/20/2008 07/20/2008
FINAL PRIN DATE 11/20/2008 11/20/2008 11/20/2008 11/20/2008 10/20/2008 09/20/2008
PRIN WINDOW 2 2 2 2 2 3
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as
of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as
of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 91
CLASS: C
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 44,886,135
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99 Coupon Type: WAC
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
98-08 7.92 7.91 7.90 7.89 7.89 7.88
98-12 7.90 7.89 7.88 7.87 7.86 7.86
98-16 7.88 7.87 7.86 7.85 7.84 7.84
98-20 7.86 7.85 7.84 7.83 7.82 7.82
98-24 7.84 7.83 7.82 7.81 7.80 7.80
98-28 7.82 7.81 7.80 7.79 7.78 7.78
99-00 7.80 7.79 7.78 7.77 7.76 7.76
99-04 7.78 7.77 7.76 7.75 7.74 7.74
99-08 7.76 7.75 7.74 7.73 7.72 7.72
99-12 7.74 7.73 7.72 7.71 7.70 7.70
99-16 7.72 7.71 7.70 7.69 7.68 7.68
99-20 7.70 7.69 7.68 7.67 7.66 7.66
99-24 7.68 7.67 7.66 7.65 7.64 7.64
99-28 7.66 7.65 7.64 7.63 7.62 7.62
100-00 7.64 7.63 7.62 7.61 7.61 7.60
100-04 7.62 7.61 7.60 7.59 7.59 7.58
100-08 7.60 7.59 7.58 7.57 7.57 7.56
WAL (YRS) 9.09 9.07 9.05 9.02 8.99 8.86
MOD DUR 6.31 6.30 6.30 6.28 6.27 6.21
FIRST PRIN DATE 11/20/2008 11/20/2008 11/20/2008 11/20/2008 10/20/2008 09/20/2008
FINAL PRIN DATE 01/20/2009 01/20/2009 01/20/2009 01/20/2009 12/20/2008 11/20/2008
PRIN WINDOW 3 3 3 3 3 3
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/12 4.700
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/4 5.080
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 92
CLASS: D
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 67,329,203
Settlement Date: 11/30/99 Initial Pass-Through Rate: 7.6626%
Accrual Start Date: 11/1/99 Coupon Type: WAC
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
<S> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 10.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
94-22 8.50 8.49 8.48 8.47 8.46 8.47
94-26 8.48 8.47 8.46 8.45 8.44 8.45
94-30 8.46 8.45 8.44 8.43 8.42 8.43
95-02 8.44 8.43 8.42 8.41 8.40 8.41
95-06 8.42 8.40 8.40 8.39 8.38 8.39
95-10 8.40 8.38 8.38 8.37 8.36 8.36
95-14 8.38 8.36 8.35 8.35 8.34 8.34
95-18 8.36 8.34 8.33 8.33 8.32 8.32
95-22 8.34 8.32 8.31 8.31 8.30 8.30
95-26 8.32 8.30 8.29 8.28 8.28 8.28
95-30 8.30 8.28 8.27 8.26 8.26 8.26
96-02 8.28 8.26 8.25 8.24 8.24 8.24
96-06 8.25 8.24 8.23 8.22 8.22 8.22
96-10 8.23 8.22 8.21 8.20 8.20 8.20
96-14 8.21 8.20 8.19 8.18 8.17 8.18
96-18 8.19 8.18 8.17 8.16 8.15 8.16
96-22 8.17 8.16 8.15 8.14 8.13 8.13
WAL (YRS) 9.16 9.15 9.14 9.14 9.13 8.99
MOD DUR 6.27 6.27 6.27 6.27 6.27 6.20
FIRST PRIN DATE 01/20/2009 01/20/2009 01/20/2009 01/20/2009 12/20/2008 11/20/2008
FINAL PRIN DATE 02/20/2009 02/20/2009 02/20/2009 01/20/2009 01/20/2009 12/20/2008
PRIN WINDOW 2 2 2 1 2 2
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/12 4.700
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/4 5.080
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 93
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
3-2.5 12.25 11.96 11.77 11.65 11.37
3-3.0 12.07 11.78 11.59 11.46 11.19
3-3.5 11.89 11.60 11.41 11.28 11.01
3-4.0 11.71 11.42 11.23 11.11 10.83
3-4.5 11.53 11.24 11.06 10.93 10.66
3-5.0 11.35 11.06 10.88 10.76 10.48
3-5.5 11.17 10.89 10.71 10.58 10.31
3-6.0 11.00 10.71 10.54 10.41 10.14
3-6.5 10.83 10.54 10.36 10.24 9.97
3-7.0 10.66 10.37 10.20 10.07 9.80
3-7.5 10.49 10.21 10.03 9.91 9.63
3-8.0 10.32 10.04 9.86 9.74 9.47
3-8.5 10.15 9.87 9.70 9.58 9.30
3-9.0 9.99 9.71 9.54 9.42 9.14
3-9.5 9.83 9.55 9.37 9.25 8.98
3-10.0 9.66 9.39 9.21 9.09 8.82
3-10.5 9.50 9.23 9.05 8.94 8.66
WAL (YRS) 6.43 6.41 6.39 6.38 6.29
MOD DUR 2.79 2.81 2.82 2.83 2.84
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 08/20/2013 08/20/2013 08/20/2013 08/20/2013 05/20/2013
PRIN WINDOW 165 165 165 165 162
YIELD SPREAD AT CENTER PRICE 4.87 4.58 4.40 4.28 4.01
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/12 4.700
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/4 5.080
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 94
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
<S> <C> <C> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00% 12.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7
3-2.5 10.55 10.95 11.17 11.37 11.53 11.72 12.22
3-3.0 10.38 10.78 11.00 11.19 11.34 11.53 12.02
3-3.5 10.22 10.60 10.82 11.01 11.16 11.34 11.82
3-4.0 10.06 10.44 10.65 10.83 10.98 11.16 11.63
3-4.5 9.90 10.27 10.48 10.66 10.80 10.97 11.44
3-5.0 9.74 10.10 10.31 10.48 10.62 10.79 11.25
3-5.5 9.59 9.94 10.14 10.31 10.44 10.61 11.06
3-6.0 9.43 9.77 9.97 10.14 10.27 10.43 10.87
3-6.5 9.28 9.61 9.80 9.97 10.10 10.26 10.69
3-7.0 9.13 9.45 9.64 9.80 9.92 10.08 10.50
3-7.5 8.97 9.29 9.48 9.63 9.75 9.91 10.32
3-8.0 8.82 9.14 9.32 9.47 9.59 9.74 10.14
3-8.5 8.68 8.98 9.16 9.30 9.42 9.57 9.96
3-9.0 8.53 8.83 9.00 9.14 9.25 9.40 9.79
3-9.5 8.38 8.67 8.84 8.98 9.09 9.23 9.61
3-10.0 8.24 8.52 8.68 8.82 8.93 9.06 9.44
3-10.5 8.09 8.37 8.53 8.66 8.76 8.90 9.27
WAL (YRS) 6.82 6.54 6.41 6.29 6.18 6.07 5.87
MOD DUR 3.13 2.98 2.90 2.84 2.78 2.72 2.60
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013 05/20/2013
PRIN WINDOW 162 162 162 162 162 162 162
YIELD SPREAD AT CENTER PRICE 3.31 3.65 3.84 4.01 4.14 4.30 4.73
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/12 4.700
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be 1/2 5.600
collected
Prepayment Premiums are allocated to one or more 1 5.650
classes
of the offered certificates as described in the 2 5.950
prospectus using
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage
Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as of Nov 10, 1999 1/4 5.080
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be 1 5.410
collected
Prepayment Premiums are allocated to one or more 2 5.780
classes
of the offered certificates as described in the 5 5.940
prospectus using
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage 30 6.160
Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 95
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 100.00% 100.00% 100.00% 100.00% 100.00%
DEFAULT RATE
CDR 0.00% 1.00% 2.00% 3.00% 4.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
3-2.5 11.37 11.10 10.85 10.60 10.35
3-3.0 11.19 10.92 10.67 10.41 10.17
3-3.5 11.01 10.74 10.49 10.23 9.99
3-4.0 10.83 10.56 10.31 10.05 9.81
3-4.5 10.66 10.38 10.13 9.87 9.63
3-5.0 10.48 10.21 9.96 9.70 9.45
3-5.5 10.31 10.03 9.78 9.52 9.27
3-6.0 10.14 9.86 9.61 9.35 9.10
3-6.5 9.97 9.69 9.44 9.18 8.93
3-7.0 9.80 9.52 9.27 9.01 8.76
3-7.5 9.63 9.36 9.10 8.84 8.59
3-8.0 9.47 9.19 8.94 8.67 8.42
3-8.5 9.30 9.03 8.77 8.51 8.26
3-9.0 9.14 8.86 8.61 8.34 8.09
3-9.5 8.98 8.70 8.45 8.18 7.93
3-10.0 8.82 8.54 8.29 8.02 7.77
3-10.5 8.66 8.38 8.13 7.86 7.60
WAL (YRS) 6.29 6.23 6.16 6.10 6.04
MOD DUR 2.84 2.82 2.82 2.80 2.79
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 05/20/2013 04/20/2013 04/20/2013 12/20/2012 09/20/2012
PRIN WINDOW 162 161 161 157 154
YIELD SPREAD AT CENTER PRICE
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/12 4.700
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150
Default Rates are a Constant % of CDR, beginning month 37, 12 month delay, 30% 1/2 5.600
severity.
100% of All Prepayment Premiums are assumed to be collected 1 5.650
Prepayment Premiums are allocated to one or more classes 2 5.950
of the offered certificates as described in the prospectus using 5 6.300
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet)
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/4 5.080
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/2 5.260
Default Rates are a Constant % of CDR, beginning month 37, 12 month delay, 30% 1 5.410
severity.
100% of All Prepayment Premiums are assumed to be collected 2 5.780
Prepayment Premiums are allocated to one or more classes 5 5.940
of the offered certificates as described in the prospectus using 10 6.020
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 30 6.160
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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 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 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 connection with the
proposed transaction.
BANC OF AMERICA SECURITIES [LOGO]
<PAGE> 96
CLASS: X
<TABLE>
<S> <C> <C> <C>
Security ID: NationsLink 99-2 Initial Balance: 1,115,186,747
Settlement Date: 11/30/99 Initial Pass-Through Rate: 0.7297%
Accrual Start Date: 11/1/99
First Pay Date: 12/20/99
</TABLE>
<TABLE>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
<S> <C> <C> <C> <C> <C>
PORTFOLIO MORTGAGE LOANS
During YM 6.00% 6.00% 6.00% 6.00% 6.00%
During Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
During Open Period 0.00% 25.00% 50.00% 75.00% 100.00%
CONDUIT MORTGAGE LOANS
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00%
During Open Period 0.00% 25.00% 50.00% 75.00% 100.00%
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5
3-2.5 12.25 11.98 11.80 11.69 11.42
3-3.0 12.07 11.79 11.62 11.50 11.24
3-3.5 11.89 11.61 11.44 11.33 11.06
3-4.0 11.71 11.43 11.26 11.15 10.88
3-4.5 11.53 11.26 11.09 10.97 10.71
3-5.0 11.35 11.08 10.91 10.80 10.53
3-5.5 11.17 10.90 10.74 10.62 10.36
3-6.0 11.00 10.73 10.56 10.45 10.19
3-6.5 10.83 10.56 10.39 10.28 10.02
3-7.0 10.66 10.39 10.23 10.11 9.85
3-7.5 10.49 10.22 10.06 9.95 9.68
3-8.0 10.32 10.06 9.89 9.78 9.52
3-8.5 10.15 9.89 9.73 9.62 9.36
3-9.0 9.99 9.73 9.56 9.45 9.19
3-9.5 9.83 9.56 9.40 9.29 9.03
3-10.0 9.66 9.40 9.24 9.13 8.87
3-10.5 9.50 9.24 9.08 8.97 8.71
WAL (YRS) 6.43 6.41 6.40 6.39 6.31
MOD DUR 2.79 2.81 2.82 2.83 2.83
FIRST PRIN DATE 12/20/1999 12/20/1999 12/20/1999 12/20/1999 12/20/1999
FINAL PRIN DATE 08/20/2013 08/20/2013 08/20/2013 08/20/2013 05/20/2013
PRIN WINDOW 165 165 165 165 162
YIELD SPREAD AT CENTER PRICE 4.87 4.60 4.43 4.32 4.06
</TABLE>
<TABLE>
ASSUMPTIONS MONEY MARKET CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/12 4.700
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/4 5.150
100% of All Prepayment Premiums are assumed to be collected 1/2 5.600
Prepayment Premiums are allocated to one or more classes 1 5.650
of the offered certificates as described in the prospectus using 2 5.950
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 5 6.300
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
<TABLE>
ASSUMPTIONS TREASURY CURVE AS OF 10/29/99
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
<S> <C> <C>
Initial Balance is calculated using the projected Unpaid Principal Balance as 1/4 5.080
of Nov 10, 1999
Prepay Rates are a Constant % of CPR 1/2 5.260
100% of All Prepayment Premiums are assumed to be collected 1 5.410
Prepayment Premiums are allocated to one or more classes 2 5.780
of the offered certificates as described in the prospectus using 5 5.940
the Discount Rate Fraction Method (see Prospectus or Example in Term Sheet) 10 6.020
No Extensions on any Mortgage Loan 30 6.160
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT
PENALTIES
This 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
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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 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
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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 acting as agent for the issuer in connection with the
proposed transaction.
