BULLETIN: igroup Acquired by GE Capital Corp.

     Business Editors

      NEW YORK--(BUSINESS WIRE)--Standard & Poor's--July 5, 2001--

      Originated Mortgage Loans 5 PLC
     A    AAA
     DAC  AAA
     M    A
     B    BBB

      Originated Mortgage Loans 6 PLC
     A    AAA
     DAC  AAA
     M    A
     B    BBB

      Originated Mortgage Loans 7 PLC
     A    AAA
     DAC  AAA
     M    A
     B    BBB

      Originated Mortgage Loans 8 PLC
     A    AAA
     DAC  AAA
     M    A
     B    BBB

      City Mortgage Receivables 1 PLC
     A    AAA

      City Mortgage Receivables 2 PLC
     A    AA

      City Mortgage Receivables 3 PLC
     A    AA
     B    BBB

      City Mortgage Receivables 4 PLC
     A    AA
     B    BBB

      City Mortgage Receivables 6 PLC
     A    AA
     B    BBB

      Ocwen Mortgage Loans 1 PLC
     A-2  AAA
     M1   AA
     M2   A
     B    BBB

      Following the acquisition of mortgage provider igroup by General
Electric Capital Corp., the financial services arm of the General
Electric Co., Standard & Poor's does not expect that any rating action
will be necessary on the notes of igroup's existing
securitizations--Originated Mortgage Loans 5,6,7, and 8, or on the
notes of those securitizations in respect of which igroup acts as
servicer--City Mortgage Receivables 1,2,3,4, and 6 and Ocwen Mortgages
Loans 1 PLC. Standard & Poor's has visited the company and held
extensive discussions with senior management regarding their ongoing
strategy. Standard & Poor's is satisfied by the company's continued
commitment to the effective servicing of the portfolios under their
management.  ---CreditWire

      Copyright 2001, Standard & Poor's Ratings Services

     --30--jla/cgo*

     CONTACT: Heather Dyke, London (44) 20-7826-3844

     KEYWORD: NEW YORK UNITED KINGDOM INTERNATIONAL EUROPE
     INDUSTRY KEYWORD: BANKING INSURANCE MERGERS/ACQ