UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
(Mark one)
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2007
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ____________ to ____________
Commission file number: 333-132249-15
Banc of America Alternative Loan Trust 2007-2
(exact name of issuing entity as specified in its charter)
Banc of America Mortgage Securities, Inc.
(exact name of the depositor as specified in its charter)
Bank of America, National Association
(exact name of the sponsor as specified in its charter)
New York 54-2199816
(State or other jurisdiction of 54-2199817
incorporation or organization) 54-2199818
54-6744179
(I.R.S. Employer
Identification No.)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive (Zip Code)
offices)
Telephone number, including area code: (410) 884-2000
Securities registered pursuant to Section 12(b) of the Act:
NONE.
Securities registered pursuant to Section 12(g) of the Act:
NONE.
Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.
Yes ___ No X
Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act.
Yes ___ No X
Note - Checking the box above will not relieve any registrant required to
file reports pursuant to Section 13 or 15(d) of the Exchange Act from their
obligations under those Sections.
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes X No ___
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (Section 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge, in
definitive proxy or information statements incorporated by reference in Part
III of this Form 10-K or any amendment to this Form 10-K.
Not applicable.
Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of "large accelerated filer", "accelerated
filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer ___
Accelerated filer ___
Non-accelerated filer X (Do not check if a smaller reporting company)
Smaller reporting company ___
Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Act).
Yes ___ No X
State the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the
common equity was last sold, or the average bid and asked price of such
common equity, as of the last business day of the registrant's most recently
completed second fiscal quarter.
Not applicable.
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a
plan confirmed by a court.
Not applicable.
Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.
Not applicable.
DOCUMENTS INCORPORATED BY REFERENCE
List hereunder the following documents if incorporated by reference and the
Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document
is incorporated: (1)Any annual report to security holders; (2) Any proxy or
information statement; and (3)Any prospectus filed pursuant to Rule 424(b)
or (c) under the Securities Act of 1933. The listed documents should be
clearly described for identification purposes (e.g., annual report to
security holders for fiscal year ended December 24, 1980).
Not applicable.
PART I
Item 1. Business.
Omitted.
Item 1A. Risk Factors.
Omitted.
Item 1B. Unresolved Staff Comments.
Not applicable. Registrant is not an accelerated filer, large
accelerated filer or well-known seasoned issuer.
Item 2. Properties.
Omitted.
Item 3. Legal Proceedings.
Omitted.
Item 4. Submission of Matters to a Vote of Security Holders.
Omitted.
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities.
Omitted.
Item 6. Selected Financial Data.
Omitted.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operation.
Omitted.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Omitted.
Item 8. Financial Statements and Supplementary Data.
Omitted.
Item 9. Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure.
Omitted.
Item 9A. Controls and Procedures.
Omitted.
Item 9A(T). Controls and Procedures.
Omitted.
Item 9B. Other Information.
None.
PART III
Item 10. Directors, Executive Officers and Corporate Governance.
Omitted.
Item 11. Executive Compensation.
Omitted.
Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters.
Omitted.
Item 13. Certain Relationships and Related Transactions, and Director
Independence.
Omitted.
Item 14. Principal Accounting Fees and Services.
Omitted.
ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB
Item 1112(b) of Regulation AB, Significant Obligor Financial Information.
No single obligor represents 10% or more of the pool assets held by the issuing
entity.
Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial
Information.
No entity or group of affiliated entities provides any external credit
enhancement or other support for the certificates within this transaction as
described under Item 1114 (a) of Regulation AB.
Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial
Information).
Bank of America, National Association provides a yield maintenance agreement
derivative instrument for the Class 2-A-6 Certificates as disclosed in the
prospectus filed on June 1, 2007. No additional disclosure is necessary because
the aggregate significance percentage relating to the yield maintenance
agreement is less than 10%.
Item 1117 of Regulation AB, Legal Proceedings.
The registrant knows of no material pending legal proceedings involving the
issuing entity and all parties related to such issuing entity, other than
routine litigation incidental to the duties of those respective parties.
Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related
Transactions.
No changes to the information provided in the prospectus filed on June 1, 2007.
Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.
The reports on assessment of compliance with the servicing criteria for
asset-backed securities and the related attestation reports on such assessments
of compliance are attached hereto under Item 15.
Item 1123 of Regulation AB, Servicer Compliance Statement.
The servicer compliance statements are attached hereto under Item 15.
Part IV
Item 15. Exhibits, Financial Statement Schedules.
(a) Exhibits.
4.1 Pooling and Servicing Agreement, dated May 30, 2007, by and among Banc
of America Mortgage Securities, Inc., Bank of America, National Association
and Wells Fargo Bank, N.A., as trustee (including exhibits), incorporated by
reference from Exhibit 4.1 of the issuing entity's Current Report on Form
8-K filed on June 14, 2007.
4.2 Mortgage Loan Purchase Agreement, dated May 30, 2007, between Banc of
America Mortgage Securities, Inc. and Bank of America, National Association,
incorporated by reference from Exhibit 4.2 of the issuing entity's Current
Report on Form 8-K filed on June 14, 2007.
10.1 Yield Maintenance Agreement, dated May 15, 2007 between Wells Fargo
Bank, N.A., as trustee, on behalf of Banc of America Alternative Loan Trust
2007-2, and Bank of America, National Association, as counterparty,
incorporated by reference from Exhibit 10.1 of the issuing entity's Current
Report on Form 8-K filed on June 14, 2007.
(31) Rule 13a-14(d)/15d-14(d) Certification.
(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.
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33.1 Bank of America, National Association as Servicer
33.2 Wells Fargo Bank, N.A. as Trustee
33.3 Wells Fargo Bank, N.A. as Custodian
(34) Attestation reports on assessment of compliance with servicing criteria
for asset-backed securities.
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34.1 Bank of America, National Association as Servicer
34.2 Wells Fargo Bank, N.A. as Trustee
34.3 Wells Fargo Bank, N.A. as Custodian
(35) Servicer compliance statement.
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35.1 Bank of America, National Association as Servicer
35.2 Wells Fargo Bank, N.A. as Trustee
(b) Not applicable.
(c) Omitted.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Banc of America Alternative Loan Trust 2007-2
(Issuing Entity)
Bank of America, National Association
(Servicer)
/s/ Robert Caruso
Robert Caruso, Senior Vice President
(senior officer in charge of the servicing function of the servicer)
Date: March 25, 2008
Exhibit Index
Exhibit No.
4.1 Pooling and Servicing Agreement, dated May 30, 2007, by and among Banc
of America Mortgage Securities, Inc., Bank of America, National Association
and Wells Fargo Bank, N.A., as trustee (including exhibits), incorporated
by reference from Exhibit 4.1 of the issuing entity's Current Report on
Form 8-K filed on June 14, 2007.
4.2 Mortgage Loan Purchase Agreement, dated May 30, 2007, between Banc of
America Mortgage Securities, Inc. and Bank of America, National Association,
incorporated by reference from Exhibit 4.2 of the issuing entity's Current
Report on Form 8-K filed on June 14, 2007.
10.1 Yield Maintenance Agreement, dated May 15, 2007 between Wells Fargo
Bank, N.A., as trustee, on behalf of Banc of America Alternative Loan Trust
2007-2, and Bank of America, National Association, as counterparty,
incorporated by reference from Exhibit 10.1 of the issuing entity's Current
Report on Form 8-K filed on June 14, 2007.
(31) Rule 13a-14(d)/15d-14(d) Certification.
(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.
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33.1 Bank of America, National Association as Servicer
33.2 Wells Fargo Bank, N.A. as Trustee
33.3 Wells Fargo Bank, N.A. as Custodian
(34) Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities.
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34.1 Bank of America, National Association as Servicer
34.2 Wells Fargo Bank, N.A. as Trustee
34.3 Wells Fargo Bank, N.A. as Custodian
(35) Servicer compliance statement.
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35.1 Bank of America, National Association as Servicer
35.2 Wells Fargo Bank, N.A. as Trustee