UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                     FORM 15


CERTIFICATION  AND NOTICE OF TERMINATION OF REGISTRATION  UNDER SECTION 12(g) OF
THE SECURITIES  EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.


                         Commission File Number 333-32857-03

                        ASSET BACKED FUNDING CORPORATION
             (Exact name of registrant as specified in its charter)

             100 North Tryon Street Charlotte, North Carolina 28255
                                 (704) 386-2400
     (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)


        C-BASS Mortgage Loan Asset-Backed Certificates, Series 2000-CB2
            (Title of each class of securities covered by this Form)

                                      None
       (Titles of all other classes of securities for which a duty to file
                  reports under section 13(a) or 15(d) remains)

    Please  place  an X in  the  box(es)  to  designate,  the  appropriate  rule
provision(s) relied upon to terminate or suspend the duty to file reports:

  Rule 12g-4(a)(1)(i)                                 Rule 12h-3(b)(1)(i)     x
  Rule 12g-4(a)(1)(ii)                                Rule 12h-3(b)(1)(ii)
  Rule 12g-4(a)(2)(i)                                 Rule 12h-3(b)(2)(i)
  Rule 12g-4(a)(2)(ii)                                Rule 12h-3(b)(2)(ii)
                                                      Rule 15d-6              x

    Approximate number of holders of record as of the certification  or notice
date:  27

     Pursuant to the requirements of the Securities Exchange Act of 1934, Issuer
of the C-Bass Mortgage Loan  Asset-Backed  Certificates,  Series  2000-CB2,  has
caused this  certification/notice  to be signed on its behalf by the undersigned
duly authorized person.


Date: March 6, 2001                By:  /s/  Karen Schluter
                                        Karen Schluter
                                        Trust Officer