TERMS SHEET This terms sheet contains selected information for quick reference only. You should read this Supplement, particularly "Risk Factors," and each of the other documents listed under "Available Information." Sponsor:    Banc of America Securities LLC Trustee:    Wells Fargo Bank, N.A. Tax Administrator:    The Trustee Closing Date:    June 28, 2007 Distribution Date:    The 16th day of each month or, if the 16th day is not a Business Day, the first Business Day thereafter, commencing in July 2007. Security  Groups:    This  series  of  Securities  consists  of  multiple  Security  Groups  (each  a "Group"), as shown on the front cover of this Supplement. Payments on each Group will be based solely on payments on the Trust Asset Group with the same numerical designation. Composition of the Trust Assets: For the Group 1 Securities, the Trust Assets consist of Ginnie Mae Multifamily Certificates which will include: (i)  83 fixed rate Ginnie Mae Project Loan Certificates, which have an aggregate balance of approximately $261,420,489 as of the Cut-off Date and (ii)  8  fixed  rate  Ginnie  Mae  Construction  Loan  Certificates,  which  have  an  aggregate balance of approximately $33,052,054 as of the Cut-off Date. For the Group 2 Securities, the Trust Assets consist of Underlying Certificates. The aggregate principal balance of the Group 2 Trust Assets is $100,265,939 as of the Cut-Off Date. Certain information  regarding  the  Underlying  Certificates  is  set  forth  in  Exhibits  B  and  C  to  this Supplement. Certain information regarding the Ginnie Mae Multifamily Certificates and the related  Mortgage  Loans  underlying  the  Underlying  Certificates  (the  "Group  2  Underlying Certificate  Trust  Assets")  is  set  forth  in  the  respective  updated  Exhibits  A  for  each  of  the Underlying Certificates (the "Updated Exhibits A") in Exhibit D to this Supplement. S-3