ASSET BACKED FUNDING CORP
8-K, 2000-06-06
ASSET-BACKED SECURITIES
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                       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:  June 6, 2000
(Date of earliest event reported)

Commission File No. 333-62547




                        Asset Backed Funding Corporation
--------------------------------------------------------------------------------



       Delaware                                          75-2533468
--------------------------------------------------------------------------------
(State of Incorporation)                    (I.R.S. Employer Identification No.)


100 North Tryon Street
Charlotte, North Carolina                                          28255
--------------------------------------------------------------------------------
Address of principal executive offices                           (Zip Code)



                                 (704) 386-2400
--------------------------------------------------------------------------------
               Registrant's Telephone Number, including area code



                       NationsBanc Asset Securities, Inc.
--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

<PAGE>


ITEM 5.       Other Events
              ------------

                  Attached as an exhibit are the Computational Materials (as
      defined in the no-action letter dated May 21, 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")) and Collateral Term Sheets and
      Structural Term Sheets (as each are defined in the no-action letter dated
      February 17, 1995 issued by the Securities and Exchange Commission to the
      Public Securities Association) prepared by Banc of America Securities LLC,
      which are hereby filed pursuant to such letter.


                                      -2-
<PAGE>


ITEM 7.       Financial Statements and Exhibits
              ---------------------------------

              (c) Exhibits

Item 601(a)
of Regulation S-K
Exhibit No.                            Description
-----------                            -----------

(99)                                   Computational Materials, Structural Term
                                       Sheets and Collateral Term Sheets
                                       prepared by Banc of America
                                       Securities LLC in connection with
                                       C-BASS Mortgage Loan Asset-Backed
                                       Certificates, Series 2000-CB2


                                      -3-
<PAGE>


            Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   ASSET BACKED FUNDING CORPORATION


June 6, 2000

                                   By:     /s/ Bob Perret
                                          --------------------------------------
                                   Name:  Bob Perret
                                   Title: Senior Vice President


                                      -4-
<PAGE>


                                INDEX TO EXHIBITS
                                -----------------

                                                                 Paper (P) or
Exhibit No.             Description                              Electronic (E)
-----------             -----------                              --------------

(99)                    Computational Materials, Structural             E
                        Term Sheets and Collateral Term Sheets
                        prepared by Banc of America
                        Securities LLC in connection with
                        C-BASS Mortgage Loan Asset-Backed
                        Certificates, Series 2000-CB2


                                      -5-


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