SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 --------------------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): July 31, 2006 -------------------------- C-BASS 2006-CB6 Trust - -------------------------------------------------------------------------------- (Exact Name of Issuing Entity as Specified in Charter) Asset Backed Funding Corporation - -------------------------------------------------------------------------------- (Exact Name of Depositor as Specified in Charter) Credit-Based Asset Servicing and Securitization LLC - -------------------------------------------------------------------------------- (Exact Name of Sponsor as Specified in Charter) New York 333-130524-01 75-2533468 - -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission File (I.R.S. Employer of Incorporation of Number of Identification No. of Issuing Entity) Issuing Entity) Depositor) 214 North Tryon Street, Charlotte, North Carolina 28255 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Depositor's telephone number, including area code (704) 386-2400 ----------------------------- N/A - ------------------------------------------------------------------------------- (Former Name or Former Address, if Change Since Last Report:) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below): [] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 9 - Financial Statements and Exhibits Item 9.01 (c). Exhibits (c) Exhibits (executed copies): The following execution copies of Exhibits to the Form S-3 Registration Statement of the Registrant are hereby filed: 5.1 Legality Opinion of Hunton & Williams LLP. 8.1 Tax Opinion of Hunton & Williams LLP (included as part of Exhibit 5.1). 23 Consent of Hunton & Williams LLP (included as part of Exhibit 5.1). Signature page to follow SIGNATURES 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 By: /s/ Bruce W. Good --------------------------------------- Name: Bruce W. Good Title: Vice President Date: July 31, 2006 ASSET BACKED FUNDING CORPORATION EXHIBIT INDEX Exhibit Exhibit Paper (P) or No. Description Electronic (E) - -------- ------------ -------------- 5.1 Legality Opinion of Hunton & Williams LLP. E 8.1 Tax Opinion of Hunton & Williams LLP E (included as part of Exhibit 5.1). 23 Consent of Hunton & Williams LLP E (included as part of Exhibit 5.1).