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 3, 2004 (Date of earliest event reported) Commission File No. 333-108551 Asset Backed Funding Corporation - -------------------------------------------------------------------------------- Delaware 75-2533468 - -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification No.) 214 North Tryon Street Charlotte, North Carolina 28255 - -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) (704) 386-2400 - -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events ------------ On June 3, 2004, Asset Backed Funding Corporation (the "Registrant"), Option One Mortgage Corporation, as master servicer, and Wells Fargo Bank, National Association, as trustee, amended and restated, as of June 1, 2004, the Pooling and Servicing Agreement, originally dated as of March 1, 2004, relating to the Registrant's Asset-Backed Certificates, Series 2004-OPT2. A copy of such amended and restated agreement is filed as an exhibit hereto. The purpose of the amendment was to provide for the rights of an insurer issuing a financial guaranty insurance policy that guarantees payment on net interest margin securities secured by all or a portion of the Class CE and Class P Certificates. ITEM 7. Financial Statements and Exhibits --------------------------------- Item 601(a) of Regulation S-K Exhibit No. Description - ----------- ----------- (EX-4) Amended and Restated Pooling and Servicing Agreement, dated as of June 1, 2004, among Asset Backed Funding Corporation, Option One Mortgage Corporation and Wells Fargo Bank, National Association. 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 3, 2004 By: /s/ Kirk B. Meyers ------------------------------------- Name: Kirk B. Meyers Title: Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) - ----------- ----------- -------------- (EX-4) Amended and Restated Pooling and E Servicing Agreement, dated as of June 1, 2004, among Asset Backed Funding Corporation, Option One Mortgage Corporation and Wells Fargo Bank, National Association.