NationsBanc Montgomery Funding Corp., a unit of NationsBank Corp., filed with the Securities and Exchange Commission to sell up to $900 million of pass-through mortgage-backed securities.

This sale, coupled with an offering of $111 million of certificates remaining from a previous shelf registration, would enable the company to raise $1.01 billion.

The Charlotte, N.C.-based company plans to use the proceeds from the sale of the securities to purchase mortgage assets held in trust, according to documents filed with the SEC.

NationsBanc Montgomery Funding, formerly Tryon Mortgage Funding Inc., will set the terms of the securities.

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