DBRS Rates Banc of America Funding 2010-R9 Trust, Mortgage Security-Backed Certificates

DBRS has today assigned the following ratings to the Mortgage Security-Backed Certificates issued by Banc of America Funding 2010-R9 Trust (the Trust).

-- $14.8 million Class 1-A-1 rated at A (sf)
-- $33.2 million Class 2-A-1 rated at A (sf)
-- $7.4 million Class 3-A-1 rated at AAA (sf)
-- $1.7 million Class 3-A-2* rated at A (sf)
-- $9.2 million Class 4-A-1 rated at AAA (sf)
-- $1.3 million Class 4-A-2* rated at A (sf)

There are a total of four groups in this resecuritization trust. DBRS rates all four groups, each consisting of one seasoned senior residential mortgage-backed security (RMBS). The ratings on the offered certificates reflect the credit enhancement provided by subordination within their respective groups. The ratings also reflect the quality of the underlying assets. The Initial Exchangeable Certificates are exchangeable for the Exchangeable Certificates and vice versa, in the related combinations described in Appendix A of the offering memorandum.

The ratings assigned to the certificates address the likelihood of the receipt by certificate holders of all distributions to which such certificate holders are entitled to and as such the entitlements may be reduced by (i) the allocation of certain interest shortfalls that may include interest shortfalls resulting from prepayments, application of any Relief Act reductions and interest rate modifications on the underlying collateral and (ii) any extraordinary trust expenses that may be incurred. For more details on the ratings, please refer to the offering documents.

Other than the specified classes above, DBRS does not rate any other certificates in this transaction.

Interest and principal payments on the certificates will be made one business day following the underlying distribution date (the 25th of each month), commencing in October 2010. Within each group, interest payments will be distributed on a pro rata basis to the certificates and principal payments will be distributed on a sequential basis to the certificates, until the certificate principal balance has been reduced to zero.

Within each group, losses realized from the underlying securities will be allocated reverse sequentially to the certificates until their principal balances have been reduced to zero.

Each group within the Trust is a resecuritization backed by one seasoned senior RMBS, represented by one real estate mortgage investment conduit (REMIC). The REMICs are backed by pools of prime and Alt-A, fixed- and adjustable-rate, first-lien, one- to four-family residential mortgages.

Note:

• denotes Initial Exchangeable Certificate.

All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Residential Mortgage-Backed Securities Transactions, which can be found on the DBRS website under Methodologies.