UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K/A
Amendment No. 1

(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, 2006

/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

Commission file number: 333-127970-03

First Franklin Mortgage Loan Trust 2006-FFH1
(exact name of issuing entity as specified in its charter)

Asset Backed Funding Corporation
(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 54-2195432
(State or other jurisdiction of 54-2195433
incorporation or organization) 54-2195434
(I.R.S. Employer
Identification No.)

c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)

Registrant's 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

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 ( 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, or a non-accelerated filer. See definition of
"accelerated filer and large accelerated filer" in Rule 12b-2 of the
Exchange Act. (Check one):

Large accelerated filer ___ Accelerated filer ___ Non-accelerated filer X

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.

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 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 Registrants 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 Operations.

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

EXPLANATORY NOTE

The issuing entity is filing this Form 10-K/A to replace Exhibits 31, 33.a
and 34.a to the original Form 10-K filed on March 30, 2007. Assurant Inc.
("Assurant") recently provided the issuing entity with a revised report on
assessment of compliance with servicing criteria for asset-backed securities
and a related attestation. In the original assessment previously provided to
the issuing entity, Assurant excluded Item 1122(d)(4)(xii) from the scope of
its assessment. Assurant recently provided the issuing entity with a revised
assessment of compliance that assesses Assurant's compliance with Item
1122(d)(4)(xii) and identifies material non-compliance with this criterion.
This material non-compliance is noted in this Form 10-K/A under "Additional
Disclosure Items for Regulation AB." The issuing entity has included this
revised assessment of compliance under Exhibit 33.a, the related attestation
under Exhibit 34.a and a revised Rule 13a-14(d)/15d-14(d) Certification
under Exhibit 31. This Form 10-K/A does not otherwise amend the original Form
10-K filed with the Commission on March 30, 2007.

Item 1112(b) of Regulation AB, Significant Obligor Financial Information.

No single obligor represents 10% or more of the pool assets held
by this transaction.

Item 1114(b)(2) and 1115(b) 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.

No entity or group of affiliated entities provides derivative
instruments with an aggregate significance percentage of 10%
or more.

Item 1117 of Regulation AB, Legal Proceedings.

The registrant knows of no material pending legal or governmental
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
pursuant to Rule 424 of the Securities Act of 1933, as amended,
under the same Central Index Key (CIK) as this annual report on
Form 10-K.

Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.

The reports on assessment of compliance with servicing criteria
and registered public accounting firm attestation reports are
attached hereto under Item 15. The following material instances of
non-compliance are identified therein:

Assurant, Inc. previously excluded the applicable servicing criteria
set forth in Item 1122 (d)(4)(xii) from the scope of its assessment
of compliance. Assurant, Inc. has now assessed its compliance with
the Applicable Servicing Criteria for the Reporting Period of
January 1, 2006 through December 31, 2006 and has identified a
material instance of noncompliance with that servicing criterion.
Specifically, Assurant, Inc. did not have, during the Reporting
Period, sufficient policies and procedures to capture the
information with respect to the Platform Transactions necessary to
determine compliance with Item 1122(d)(4)(xii). Accordingly,
Assurant, Inc. has restated its previous assessment for the
Reporting Period, which excluded evaluation of the criterion, to
include the criterion and reflect the material noncompliance as a
result of its assessment.

The assessemnt of compliance for Home Loan Services, Inc. has
disclosed material noncompliance with Item 1122 Servicing Criteria
applicable to Home Loan Services, Inc.during the year ended
December 31, 2006, as follows:

Item: Description of material noncompliance:

1122 (d)(4)(x) A For a sample of 60 loans with escrow
accounts, 5 escrow accounts were not
analyzed within a 12 month period.

1122 (d)(4)(x) C For a sample of 60 loans with escrow
accounts, escrow funds were not returned
within 30 days after payoff for 2 loans.

1122 (d)(1)(i) Home Loan Services, Inc. had not
instituted policies and procedures to
monitor any performance or other triggers
in accordance with the transaction
agreements.

The assessment of compliance for First American Real Estate
Solutions of Texas, L.P. has disclosed material noncompliance with
Item 1122(d)(2)(vii)(B) during the year ended December 31, 2006.
Specifically, First American Real Estate Solutions of
Texas, L.P. did not prepare reconciliations for all asset-backed
securities related bank accounts within 30 calendar days after the
bank statement cut-off date or such number of days specified in the
transaction agreements.

The assessemnt of compliance for Wells Fargo Bank, N.A.
(Corporate Trust Services) has disclosed material noncompliance with
Item 1122(d)(3)(i), as applicable to Wells Fargo Bank, N.A. during
the twelve months ended December 31, 2006. Certain monthly investor
or remittance reports included errors in the calculation and/or the
reporting of delinquencies for the pool assets.

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 February 1, 2006, by and among
Asset Backed Funding Corporation, National City Home Loan Services, Inc.
and Wells Fargo Bank, N.A. (including exhibits), incorporated by
reference from Exhibit 4.1 of the issuing entity's Current Report on
Form 8-K filed on March 17, 2006.

(4.2) Mortgage Loan Purchase Agreement, dated February 1, 2006 by and between
Asset Backed Funding Corporation and Bank of America, National
Association (including exhibits), incorporated by reference from
Exhibit 4.2 of the issuing entity's Current Report on Form 8-K filed on
March 17, 2006.

(10.1) Flow Sale and Servicing Agreement, dated November 1, 2005, among Bank
of America, National Association, First Franklin Financial Corporation
and National City Home Loan Services, Inc. (including exhibits),
incorporated by reference from Exhibit 10.1 of the issuing entity's
Current Report on Form 8-K filed on March 17, 2006.

(10.2) Assignment, Assumption and Recognition Agreement, dated February 28,
2006, among Asset Backed Funding Corporation, Bank of America, National
Association, First Franklin Financial Corporation and National City
Home Loan Services, Inc. (including exhibits), incorporated by
reference from Exhibit 10.2 of the issuing entity's Current Report on
Form 8-K filed on March 17, 2006.

(31) Rule 13a-14(d)/15d-14(d) Certifications.

(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.

<s> <c>
a) Assurant Inc. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc. <F1>
b) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City
Home Services, Inc.<F1>
c) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer <F1>
d) Regulus Group LLC as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., <F1>
e) Wells Fargo Bank, N.A., as Trustee <F1>
f) Wells Fargo Bank, N.A., as Custodian <F1>

(34) Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities.

<s> <c>
a) Assurant Inc. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., <F1>
b) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City
Home Services, Inc., <F1>
c) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer <F1>
d) Regulus Group LLC as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc. <F1>
e) Wells Fargo Bank, N.A., as Trustee <F1>
f) Wells Fargo Bank, N.A., as Custodian <F1>

(35) Servicer compliance statement.

<s> <c>

a) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer <F1>
b) Wells Fargo Bank, N.A., as Trustee <F1>

(b) Not applicable.

<F1> Filed herewith.

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.

Asset Backed Funding Corporation
(Depositor)

/s/ Chris Schiavone
Chris Schiavone, President
(senior officer in charge of securitization of the Depositor)

Date: May 29, 2008

Exhibit Index

Exhibit No.

(31) Rule 13a-14(d)/15d-14(d) Certifications.

(33) Reports on assessment of compliance with servicing criteria for
asset-backed securities.

<s> <c>
a) Assurant Inc. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc.
b) First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City
Home Services, Inc.
c) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer
d) Regulus Group LLC as Sub-Contractor for Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc.
e) Wells Fargo Bank, N.A., as Trustee
f) Wells Fargo Bank, N.A., as Custodian

(34) Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities.

(35) Servicer compliance statement.

<s> <c>
a) Home Loan Servicing, Inc. f/k/a National City Home Loan Services, Inc., as Servicer
d) Wells Fargo Bank, N.A., as Trustee