ABFC 2006-OPT1 Trust – ‘8-K’ for 11/27/06

On:  Wednesday, 11/29/06, at 3:55pm ET   ·   For:  11/27/06   ·   Accession #:  1056404-6-3927   ·   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

November 27, 2006                                                               
Date of Report (Date of Earliest Event Reported)                                

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

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

Asset Backed Funding Corporation                                              
(Exact name of Depositor 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):               

[X] 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.                            

On November 28, 2006 Wells Fargo, as Paying Agent, identified that the          
November 2006 distribution was not paid on the contractual distribution         
date of November 27, 2006 due to an operational error. The distribution         
to the security holders was made on November 28, 2006.                          

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: November 29, 2006                                                         

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		11/29/06
		11/28/06
For Period End:		11/27/06		10-D
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