Correction: Fitch Takes Ratings Actions on Wells Fargo's Servicer Ratings.

NEW YORK -- (The rating was presented inaccurately in the original release; the appropriate rating is now given.) E[acute accent]Fitch Ratings affirms Wells Fargo, N.A. home mortgage division's (WFHM) 'RPS1' residential primary servicer ratings for prime, Alt-A and subprime products and upgrades its special servicer rating to 'RSS2+' from 'RSS2'. The primary ratings are based on the company's experienced management team, robust internal control environment and integrated technology. The ratings also recognize WFHM's comprehensive collection and loss mitigation procedures and extensive reporting capabilities. The special servicer rating is based on the company's ability to manage and liquidate non-performing residential mortgage loans and real estate owned (REO) assets. The ratings also reflect the strong financial strength of Wells Fargo, N.A., which is rated 'AA' Outlook Stable by Fitch. E[acute accent]WFHM, headquartered in Des Moines, IA, is a leading originator and servicer of residential mortgage loans. The company's well managed, balanced growth and highly sophisticated technology have positioned WFHM as a high quality servicer of prime, Alt-A and subprime products. As of June 30, 2005, WFHM serviced more than 5.2 million residential mortgage loans totaling $796.5 billion. WFHM's portfolio is composed of $23 billion in subprime product and $37.7 billion in Alt-A product. Wells Fargo Bank, N.A.'s third-party servicing division, America's Servicing Company (ASC), services more than 22,000 loans totaling more than $1.8 billion. E[acute accent]During the year, WFHM realigned its executive management team in Des Moines placing Cara Heiden, a seasoned Wells Fargo executive, to oversee both the originations and servicing business units. The move was made to provide end-to-end continuity and expanded operational focus. E[acute accent]Mary Coffin continues to lead servicing operations, providing continuity and leadership to the company's 3,360 staff members. The servicing business unit also was reorganized to expand the company's operational objectives and further develop the company's one-call, one-touch customer service philosophy. Changes included appointing an experienced Wells Fargo manager as the senior vice president of customer operations and moving special servicing default management operations to the Well Fargo Carolina campus in Ft. Mill, SC, to leverage the company's core servicing expertise. E[acute accent]The company also created compliance manager positions for each department, which together compose a cross-functional team that monitors regulatory changes and ensures recommended process changes are implemented. These changes add another level of control to the company's robust internal control environment. E[acute accent]WFHM continues to execute its long-term customer service strategy of tactical improvements designed to increase cross-sell opportunities, reduce costs, streamline processes and advance the company's customer service philosophy. The company continues to refine its default management operations to prepare for potential increases in delinquencies. E[acute accent]Fitch believes that WFHM continues to operate an effective servicing platform and expects the company to remain a proficient servicer of prime, Alt-A and subprime product and a solid special servicer. Fitch will continue to monitor the company's ability to maintain performance in a rising delinquency environment. E[acute accent]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 'Residential Mortgage Servicer Ratings', dated Feb. 21, 2003, which is available on the Fitch Ratings web site at www.fitchratings.com.

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