ASSIGNMENT ASSUMPTION AND RECOGNITION AGREEMENT

                ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

     Assignment, Assumption and Recognition Agreement (the "Agreement"), dated

September 29, 2006, is among Bank of America, National Association, a national

banking association ("Assignor"), Banc of America Funding Corporation, a

Delaware corporation ("BAFC"), U.S. Bank National Association, a national

banking association, as trustee of the Banc of America Funding 2006-H Trust

("Assignee"), Wells Fargo Bank, N.A., a national banking association ("Wells

Fargo Bank"), as master servicer of the Banc of America Funding 2006-H Trust,

and Opteum Financial Services, LLC, a Delaware limited liability company

("Opteum").

     WHEREAS, pursuant to (i) that certain Mortgage Loan Sale and Servicing

Agreement, dated as of September 1, 2006, by and between Assignor, as purchaser,

and Opteum, as seller, and (ii) that certain Memorandum of Sale, dated September

28, 2006, by and between Assignor and Opteum (collectively, the "Sale and

Servicing Agreement"), each of which is attached in Appendix I hereto, the

Assignor purchased the Mortgage Loans (as defined herein) from Opteum and Opteum

currently services the Mortgage Loans;

     WHEREAS, on the date hereof, the Assignor is transferring all of its right,

title and interest in and to the Mortgage Loans to BAFC;

     WHEREAS, on the date hereof, BAFC is transferring all of its right, title

and interest in and to the Mortgage Loans to the Assignee; and

     WHEREAS, on the date hereof, Wells Fargo Bank, as master servicer (in such

capacity, the "Master Servicer"), is entering into a Pooling and Servicing

Agreement, dated the date hereof (the "Pooling Agreement"), among BAFC, the

Master Servicer, Wells Fargo Bank, as securities administrator (the "Securities

Administrator"), and the Assignee, pursuant to which the Master Servicer will

supervise, monitor and oversee the servicing of the Mortgage Loans.

     For and in consideration of the sum of one dollar ($1.00) and other

valuable consideration the receipt and sufficiency of which are hereby

acknowledged, and of the mutual covenants herein contained, the parties hereto

hereby agree as follows:

     1.  The Assignor hereby grants, transfers and assigns to BAFC, and BAFC

hereby grants, transfers and assigns to Assignee, all of the right, title and

interest of the Assignor in, to and under the Sale and Servicing Agreement, and

the mortgage loans delivered under such agreement by Opteum to the Assignor and

listed on Exhibit A attached hereto (the "Mortgage Loans").

     The Assignor specifically reserves and does not assign to BAFC or the

Assignee any right, title and interest in, to or under any mortgage loan subject

to the Sale and Servicing Agreement other than the Mortgage Loans.

     2.  The Assignor warrants and represents to, and covenants with, BAFC and

the Assignee that:

     a.   The Assignor is the lawful owner of the Mortgage Loans with the full

          right to transfer the Mortgage Loans free from any and all claims and

          encumbrances whatsoever;

     b.   The Assignor has not received notice of, and has no knowledge of, any

          offsets, counterclaims or other defenses available to Opteum with

          respect to the Sale and Servicing Agreement or the Mortgage Loans;

     c.   The Assignor has not waived or agreed to any waiver under, or agreed

          to any amendment or other modification of, the Sale and Servicing

          Agreement or the Mortgage Loans, including without limitation the

          transfer of the servicing obligations under the Sale and Servicing

          Agreement. The Assignor has no knowledge of, and has not received

          notice of, any waivers under or amendments or other modifications of,

          or assignments of rights or obligations under, the Sale and Servicing

          Agreement or the Mortgage Loans; and

     d.   Neither the Assignor nor anyone acting on its behalf has offered,

          transferred, pledged, sold or otherwise disposed of the Mortgage

          Loans, any interest in the Mortgage Loans or any other similar

          security to, or solicited any offer to buy or accept a transfer,

          pledge or other disposition of the Mortgage Loans, any interest in the

          Mortgage Loans or any other similar security from, or otherwise

          approached or negotiated with respect to the Mortgage Loans, any

          interest in the Mortgage Loans or any other similar security with, any

          person in any manner, or made any general solicitation by means of

          general advertising or in any other manner, or taken any other action

          which would constitute a distribution of the Mortgage Loans under the

          Securities Act of 1933, as amended (the "Securities Act"), or which

          would render the disposition of the Mortgage Loans a violation of

          Section 5 of the Securities Act or require registration pursuant

          thereto.

     3.  From and after the date hereof, Opteum shall (i) note the transfer of

the Mortgage Loans to the Assignee in its books and records, (ii) recognize the

Assignee as the owner of the Mortgage Loans and (iii) notwithstanding anything

to the contrary contained in Section 9.01 of the Sale and Servicing Agreement,

continue to service the Mortgage Loans pursuant to the Sale and Servicing

Agreement, as modified by Section 9 hereof, for the benefit of the Assignee.

     4.  Opteum acknowledges that the Master Servicer, pursuant to the Pooling

Agreement, will administer on behalf of the Assignee the terms and conditions of

the Sale and Servicing Agreement. The Master Servicer shall be authorized to

enforce directly against Opteum any of the obligations of Opteum to the Assignor

or its assignees provided for in the Sale and Servicing Agreements. All

servicing reports prepared by Opteum shall be provided to the Master Servicer,

and all remittances by Opteum shall be

                                       2

made to the account or accounts designated by the Master Servicer to Opteum in

writing from time to time. Wire remittances shall be sent to: WELLS FARGO BANK,

N.A., ABA# 121000248, FOR CREDIT TO: SAS CLEARING, ACCT: 3970771416, FFC TO:

BAFC 2006-H #50951701. In addition, Opteum hereby agrees to promptly remit from

its own funds to the Master Servicer the amount of any losses realized on

investments in the Investment Account (as defined in the Pooling Agreement).

     5.  Opteum hereby represents and warrants to each of the other parties

hereto (i) that the representations and warranties of Opteum in Sections 3.01 of

the Sale and Servicing Agreement are true and correct in all material respects

as of the date hereof with the same force and effect as though expressly made at

and/or as of the date hereof, (ii) that it has serviced the Mortgage Loans in

accordance with the terms of the Sale and Servicing Agreement, (iii) that it has

taken no action nor omitted to take any required action the omission of which

would have the effect of impairing any mortgage insurance or guarantee on the

Mortgage Loans and (iv) that any information provided by it on or before the

date hereof to any of the parties hereto is true and correct.

     6.  Opteum hereby agrees to cooperate with BAFC, the Master Servicer and the

Assignee to enable BAFC, the Master Servicer and the Assignee to fully comply

with all Securities and Exchange Commission ("SEC") disclosure and reporting

requirements in effect from time to time with respect to the trust created by

the Pooling Agreement (which shall be named "Banc of America Funding 2006-H

Trust") (the "Trust") and any securities representing ownership interests in or

backed by assets of the Trust, including without limitation, the SEC's recently

published rules regarding asset-backed securities (Release Nos. 33-8518;

34-50905; File No. S7-21-0433-8419).

     7.  Opteum hereby agrees that, in connection with any Mortgage Loan of which

the related Mortgage has been recorded in the name of MERS or its designee, it

shall take all actions as are necessary to cause the Assignee, as trustee of the

Trust pursuant to the Pooling Agreement, to be shown as the owner of the related

Mortgage Loan on the records of MERS for purposes of the system of recording

transfers of beneficial ownership of mortgages maintained by MERS.

     8.  In accordance with Sections 2.01 and 7.01 of the Sale and Servicing

Agreement, the Assignor hereby instructs Opteum, and Opteum hereby agrees, to

release from its custody and deliver the contents of the Mortgage File (as

defined in the Sale and Servicing Agreement) for each Mortgage Loan to the

Assignee, in its capacity as custodian under the Pooling Agreement, at the

address set forth in Section 10 hereof on or before the closing date of the

related Securitization (as defined in the Sale and Servicing Agreement).

     9.  Opteum, BAFC and Assignee hereby agree to the following modifications 

to the Sale and Servicing Agreement solely with respect to the Mortgage Loans:

     a.   Section 5.02. The second and third paragraphs of Section 5.02 are

          hereby modified to read as follows:

                                       3

          "Not later than the fifth (5th) Business Day of each month, the

          Company shall furnish to the Purchaser a delinquency report in the

          form set forth in Exhibit F-1, a monthly remittance advice in the form

          set forth in Exhibit F-2, and a realized loss report in the form set

          forth in Exhibit F-3, each in a mutually agreeable electronic format,

          as to the remittance on such Remittance Date and as to the period

          ending on the last day of the month preceding such Remittance Date. No

          later than the second Business Day after the end of the Prepayment

          Period, the Servicer shall provide the Purchaser with an updated

          monthly remittance advice revised to reflect any prepayment activity

          from the 1st day of the present calendar month through the end of the

          Prepayment Period."

          The exhibits referenced in this Section 9(a) are attached to this

          Agreement as Exhibit B hereto.

     10. The Assignee's address for purposes of all notices and correspondence

related to the Mortgage Loans and the Sale and Servicing Agreement is:

          U.S. Bank National Association 

          209 S. LaSalle Street, Suite 300 

          Chicago, Illinois 60604

          Attention: Structured Finance Trust Services, BAFC 2006-H

         The Assignor's address for purposes of all notices and correspondence

related to the Mortgage Loans and the Sale and Servicing Agreement is:

          Bank of America, National Association

          214 North Tryon Street

          Charlotte, North Carolina 28255

          Attention: Managing Director

         BAFC's address for purposes of all notices and correspondence related

to the Mortgage Loans is:

          Banc of America Funding Corporation

          214 North Tryon Street

          Charlotte, North Carolina 28255

          Attention: General Counsel and Chief Financial Officer

                               [Signatures Follow]

                                       4

         IN WITNESS WHEREOF, the parties have caused this Assignment, Assumption

and Recognition Agreement to be executed by their duly authorized officers as of

the date first above written.

                                         Bank of America, National Association, 

                                         Assignor

                                         By: /s/  Bruce W. Good                 

                                             -----------------------------------

                                         Name:    Bruce W. Good

                                         Title:   Principal

                                         U.S. Bank National Association, Assignee

                                         By: /s/ Melissa A. Rosal               

                                             -----------------------------------

                                         Name:    Melissa A. Rosal

                                         Title:   Vice President

                                         Banc of America Funding Corporation

                                         By: /s/ Scott Evans                    

                                             -----------------------------------

                                         Name:    Scott Evans

                                         Title:   Senior Vice President

                                         Opteum Financial Services, LLC

                                         By: /s/ Robert E. Carly                

                                             -----------------------------------

                                         Name:    Robert E. Carly

                                         Title:   Sr. Ex. V.P.

Acknowledged and Agreed 

as of the date first above written:

Wells Fargo Bank, N.A., as Master Servicer

By:      /s/ Peter A. Gobell                

    ----------------------------------------

Name:    Peter A. Gobell

Title:   Vice President

                                    EXHIBIT A

                                    ---------

                           Schedule of Mortgage Loans

  [Please refer to Exhibits D-5 and D-6 of the Pooling and Servicing Agreement]

                                      A-1

                                    EXHIBIT B

                                    ---------

EXHIBIT F-1 STANDARD FILE LAYOUT - DELINQUENCY REPORTING

-------------------------------------- --------------------------------------------- -------------- ---------------------

COLUMN/HEADER NAME                                     DESCRIPTION                      DECIMAL     FORMAT COMMENT

-------------------------------------- --------------------------------------------- -------------- ---------------------

SERVICER_LOAN_NBR                      A unique number assigned to a loan by the

                                       Servicer. This may be different than the

                                       LOAN_NBR

-------------------------------------- --------------------------------------------- -------------- ---------------------

LOAN_NBR                               A unique identifier assigned to each loan

                                       by the originator.

-------------------------------------- --------------------------------------------- -------------- ---------------------

CLIENT_NBR                             Servicer Client Number

-------------------------------------- --------------------------------------------- -------------- ---------------------

SERV_INVESTOR_NBR                      Contains a unique number as assigned by

                                       an external servicer to identify a group

                                       of loans in their system.

-------------------------------------- --------------------------------------------- -------------- ---------------------

BORROWER_FIRST_NAME                    First Name of the Borrower.

-------------------------------------- --------------------------------------------- -------------- ---------------------

BORROWER_LAST_NAME                     Last name of the borrower.

-------------------------------------- --------------------------------------------- -------------- ---------------------

PROP_ADDRESS                           Street Name and Number of Property

-------------------------------------- --------------------------------------------- -------------- ---------------------

PROP_STATE                             The state where the  property located.

-------------------------------------- --------------------------------------------- -------------- ---------------------

PROP_ZIP                               Zip code where the property is located.

-------------------------------------- --------------------------------------------- -------------- ---------------------

BORR_NEXT_PAY_DUE_DATE                 The date that the borrower's next payment                    MM/DD/YYYY

                                       is due to the servicer at the end of 

                                       processing cycle, as reported by Servicer.

-------------------------------------- --------------------------------------------- -------------- ---------------------

LOAN_TYPE                              Loan Type (i.e. FHA, VA, Conv)

-------------------------------------- --------------------------------------------- -------------- ---------------------

BANKRUPTCY_FILED_DATE                  The date a particular bankruptcy claim was                   MM/DD/YYYY

                                       filed.

-------------------------------------- --------------------------------------------- -------------- ---------------------

BANKRUPTCY_CHAPTER_CODE                The chapter under which the bankruptcy

                                       was filed.

-------------------------------------- --------------------------------------------- -------------- ---------------------

BANKRUPTCY_CASE_NBR                    The case number assigned by the court to

                                       the bankruptcy filing.

-------------------------------------- --------------------------------------------- -------------- ---------------------

POST_PETITION_DUE_DATE                 The payment due date once the bankruptcy                     MM/DD/YYYY

                                       has been approved by the courts

-------------------------------------- --------------------------------------------- -------------- ---------------------

BANKRUPTCY_DCHRG_DISM_DATE             The Date The Loan Is Removed From                            MM/DD/YYYY

                                       Bankruptcy. Either by Dismissal, Discharged

                                       and/or a Motion For Relief Was Granted.

-------------------------------------- --------------------------------------------- -------------- ---------------------

LOSS_MIT_APPR_DATE                     The Date The Loss Mitigation Was Approved                    MM/DD/YYYY

                                       By The Servicer

-------------------------------------- --------------------------------------------- -------------- ---------------------

LOSS_MIT_TYPE                          The Type Of Loss Mitigation Approved For A

                                       Loan Such As;

-------------------------------------- --------------------------------------------- -------------- ---------------------

LOSS_MIT_EST_COMP_DATE                 The Date The Loss Mitigation /Plan Is                        MM/DD/YYYY

                                       Scheduled To End/Close

-------------------------------------- --------------------------------------------- -------------- ---------------------

LOSS_MIT_ACT_COMP_DATE                 The Date The Loss Mitigation Is Actually                     MM/DD/YYYY

                                       Completed

-------------------------------------- --------------------------------------------- -------------- ---------------------

FRCLSR_APPROVED_DATE                   The date DA Admin sends a letter to the

                                       servicer with instructions to begin                          MM/DD/YYYY 

                                       foreclosure proceedings.

-------------------------------------- --------------------------------------------- -------------- ---------------------

ATTORNEY_REFERRAL_DATE                 Date File Was Referred To Attorney to                        MM/DD/YYYY

                                       Pursue Foreclosure

-------------------------------------- --------------------------------------------- -------------- ---------------------

FIRST_LEGAL_DATE                       Notice of 1st legal filed by an Attorney in                  MM/DD/YYYY

                                       a Foreclosure Action

-------------------------------------- --------------------------------------------- -------------- ---------------------

FRCLSR_SALE_EXPECTED_DATE              The date by which a foreclosure sale is                      MM/DD/YYYY

                                       expected to occur.

-------------------------------------- --------------------------------------------- -------------- ---------------------

FRCLSR_SALE_DATE                       The actual date of the foreclosure sale.                     MM/DD/YYYY

-------------------------------------- --------------------------------------------- -------------- ---------------------

FRCLSR_SALE_AMT                        The amount a property sold for at the               2        No commas(,) or

                                       foreclosure sale.                                            dollar signs ($)

-------------------------------------- --------------------------------------------- -------------- ---------------------

EVICTION_START_DATE                    The date the servicer initiates eviction of                  MM/DD/YYYY

                                       the borrower.

-------------------------------------- --------------------------------------------- -------------- ---------------------

EVICTION_COMPLETED_DATE                The date the court revokes legal                             MM/DD/YYYY

                                       possession of the property from the                          

                                       borrower.

-------------------------------------- --------------------------------------------- -------------- ---------------------

LIST_PRICE                             The price at which an REO property is               2        No commas(,) or

                                       marketed.                                                    dollar signs ($)

-------------------------------------- --------------------------------------------- -------------- ---------------------

LIST_DATE                              The date an REO property is listed at a                      MM/DD/YYYY

                                       particular price.

-------------------------------------- --------------------------------------------- -------------- ---------------------

                                      B-1

-------------------------------------- --------------------------------------------- -------------- ---------------------

OFFER_AMT                              The dollar value of an offer for an REO             2        No commas(,) or

                                       property.                                                    dollar signs ($)

-------------------------------------- --------------------------------------------- -------------- ---------------------

OFFER_DATE_TIME                        The date an offer is received by DA Admin                    MM/DD/YYYY

                                       or by the Servicer.

-------------------------------------- --------------------------------------------- -------------- ---------------------

REO_CLOSING_DATE                       The date the REO sale of the property is                     MM/DD/YYYY

                                       scheduled to close.

-------------------------------------- --------------------------------------------- -------------- ---------------------

REO_ACTUAL_CLOSING_DATE                Actual Date Of REO Sale                                      MM/DD/YYYY

-------------------------------------- --------------------------------------------- -------------- ---------------------

OCCUPANT_CODE                          Classification of how the property is

                                       occupied.

-------------------------------------- --------------------------------------------- -------------- ---------------------

PROP_CONDITION_CODE                    A code that indicates the condition of

                                       the property.

-------------------------------------- --------------------------------------------- -------------- ---------------------

PROP_INSPECTION_DATE                   The date a  property inspection is                           MM/DD/YYYY

                                       performed.

-------------------------------------- --------------------------------------------- -------------- ---------------------

APPRAISAL_DATE                         The date the appraisal was done.                             MM/DD/YYYY

-------------------------------------- --------------------------------------------- -------------- ---------------------

CURR_PROP_VAL                          The current "as is" value of the property           2

                                       based on brokers price opinion or 

                                       appraisal.

-------------------------------------- --------------------------------------------- -------------- ---------------------

REPAIRED_PROP_VAL                      The amount the property would be worth if           2

                                       repairs are completed pursuant to a

                                       broker's price opinion or appraisal.

-------------------------------------- --------------------------------------------- -------------- ---------------------

IF APPLICABLE:

-------------------------------------- --------------------------------------------- -------------- ---------------------

DELINQ_STATUS_CODE                     FNMA Code Describing Status of Loan

-------------------------------------- --------------------------------------------- -------------- ---------------------

DELINQ_REASON_CODE                     The circumstances which caused a borrower

                                       to stop paying on a loan. Code indicates

                                       the reason why the loan is in default for

                                       this cycle.

-------------------------------------- --------------------------------------------- -------------- ---------------------

MI_CLAIM_FILED_DATE                    Date Mortgage Insurance Claim Was Filed                      MM/DD/YYYY

                                       With Mortgage Insurance Company.

-------------------------------------- --------------------------------------------- -------------- ---------------------

MI_CLAIM_AMT                           Amount of Mortgage Insurance Claim Filed                     No commas(,) or

                                                                                                    dollar signs ($)

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