Correction: Fitch Affirms IndyMac Bank FSB's Resi Servicer Ratings.

NEW YORK -- (This is an amended version of a release issued Oct. 2, 2006, and contains revised information in the fourth paragraph.)

Fitch Ratings has affirmed IndyMac Bank, FSB's (IndyMac) primary servicer ratings of 'RPS2+' for prime, Alt-A, subprime and the 'RSS2+' special servicer rating. The ratings are based on IndyMac's experienced management team, solid capabilities in loan administration and default management, reliable servicing technology platform, established training programs, and effectiveness in servicing non-performing loans and liquidating real estate owned assets.

IndyMac is a federally chartered thrift based in Pasadena, CA and a wholly owned subsidiary of IndyMac Bancorp. The long-term debt of both entities is rated 'BBB-' by Fitch. IndyMac is a nationwide lender and servicer of residential mortgages including prime, Alt-A, subprime, consumer construction, and HELOC assets. The company maintains wholesale and retail loan offices across the U.S. and operates its servicing platform at sites in Pasadena and Kalamazoo, MI. As of May 31, 2006, the primary and special servicing operations together serviced more than 434,700 loans with an outstanding balance of $100.7 billion. The servicing portfolio consists of 23.79% loans serviced for private residential mortgage backed securities (RMBS), 20.65% for Fannie Mae and Freddie Mac, 9.64% owned portfolio, 44.85% whole loans serviced for others, and 1.06% pledged to the Federal Home Loan Bank.

In July 2006, IndyMac began using PAR3 automated outbound dialer for welcome calls and the less risky (1-45 days delinquent) collection calls. IndyMac continues to outsource offshore to India the outbound collection calls for prime and Alt-A loans that are 46 to 90 days delinquent. However, in March 2006, IndyMac brought back in-house from its offshore vendor the higher risk outbound calls for manufactured housing, subprime (0 to 60 days delinquent), and closed-end second products. Calls are assigned to the first available agent using skill-based routing so that more experienced agents handle the more seriously delinquent loans.

Inbound collection calls for less risky (1-45 days delinquent) loans are handled by customer service and the higher risk delinquent loans continue to be handled by IndyMac's collection staff in Pasadena with the exception of overflow evening calls, which are handled offshore. Other functions that have been substantially outsourced offshore include new loan set-up quality control review, post closing review, follow-up on trailing documents, and delinquent tax research. Fitch will continue to monitor IndyMac's ability to maintain loan performance while pursuing its growth and technology initiatives and effectively managing its outsourcing relationships.

Fitch Ratings rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within some of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat rating. For more information on Fitch's residential servicer rating program, please see Fitch's report 'Rating US Residential Mortgage Servicers,' dated June 21, 2006, which is available on Fitch's web site at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.