ABFC 2006-OPT1 Trust – ‘8-K’ for 9/25/06

On:  Friday, 9/29/06, at 5:29pm ET   ·   For:  9/25/06   ·   Accession #:  1056404-6-3117   ·   File #:  333-130524-02

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2±    10K 

Document Table of Contents

 UNITED STATES
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 (Date of earliest event reported): September 25, 2006

    ABFC 2006-OPT1 Trust
(Exact name of registrant as specified in its charter)

Asset Backed Funding Corporation  
(Exact name of depositor as specified in its charter) 

Bank of America, National Association   
(Exact name of sponsor as specified in its charter) 

New York                 333-130524-02                 54-2197459             
(State or other          (Commission                   54-2197510             
jurisdiction              File Number)                 54-2197511             
of incorporation)                                      54-2197512             
                                          54-2197513
                                          54-6717282
                                             (IRS Employer
                                                   Identification No.)

c/o Wells Fargo Bank, N.A.                                                
9062 Old Annapolis Road                                                   
Columbia, MD                                                    21045     
(Address of principal executive offices)                        (Zip Code)

(410) 884-2000                                                            
(Registrant's telephone number, including area code)                      

Not Applicable                                                            
(Former name or former address, if changed since last report)             

Check the appropriate box below if the Form 8-K filing is intended to         
simultaneously satisfy the filing obligation of the registrant under any      
of the following provisions (see General Instruction A.2. below):             

[ ] Written communications pursuant to Rule 425 under the Securities Act      
(17 CFR 230.425)                                                        

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act        
(17 CFR 240.14a-12)                                                     

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the       
Exchange Act (17 CFR 240.14d-2(b))                                      

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the       
Exchange Act (17 CFR 240.13e-4(c))                                      

Section 6 - Asset-Backed Securities                                           

Item 6.04 - Failure to Make a Required Distribution.                          

The distribution made by the Trustee on the September 25, 2006 Distribution     
Date did not include the amount on deposit in the pre-funding account, which    
was required to be distributed to the Class A-3A Certificateholders. Such amount
was instead distributed on September 29, 2006. The Depositor is unable to       
conclude whether the effect of such delay was material.                         

SIGNATURES                                                                    

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

ABFC 2006-OPT1 Trust                                                          
(Registrant)                                                                  

By:  Asset Backed Funding Corporation as Depositor                          
By: /s/ Daniel B. Goodwin                                                   
By: Daniel B. Goodwin, President                                            

Date: September 29, 2006                                                        

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		9/29/06
For Period End:		9/25/06		10-D,  10-D/A
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