Fitch Affirms 15 RMBS Classes from 5 BAFC Securitizations

Fitch Ratings has affirmed the following mortgage pass-through certificates for Banc of America Funding Corporation (BAFC):

Series 2005-1

-- Class A 'AAA';

-- Class B-1 'AA;

-- Class B-2 'A';

-- Class B-3 'BBB';

-- Class B-4 'BB'.

Series 2005-2

-- Class A 'AAA';

-- Class B-2 'A'.

Series 2005-3 Group 1

-- Class 1-A 'AAA'.

Series 2005-A Group 4

-- Class 4-A 'AAA';

-- Class 4-B-1 'AA;

-- Class 4-B-2 'A';

-- Class 4-B-3 'BBB';

-- Class 4-B-4 'BB';

-- Class 4-B-5 'B'.

Series 2005-D

-- Class A 'AAA'.

BAFC, a special purpose corporation, purchased the mortgage loans from various entities and deposited the loans into the trusts. The above transactions comprise conventional, 15- to 30-year fixed-rate mortgage loans (FRMs) and adjustable-rate mortgage loans (ARMs) extended to prime and 'Alternative A' borrowers that are secured by first liens on one to four family residential properties. The loans classified as 'Alternative A' were originated using underwriting standards that are different from and in certain respects, less stringent than general 'prime' underwriting standards of the respective originators.

The affirmations on the above transactions reflect consistent relationships of credit enhancement (CE) to future loss expectations and affect approximately $1.7 billion in outstanding certificates. To date there have been no collateral losses and credit enhancement has experienced slight growth. The pool factors (current principal balance as a percentage of original) range from approximately 75% to 87% outstanding.

The aforementioned series are serviced by numerous entities. Further information regarding current delinquency, loss and credit enhancement statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'.

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