Correction - Fitch Affirms Citi Residential Lending Inc.'s Subprime Servicer Rating.

NEW YORK -- (This is a correction for a press release that was published earlier today. It corrects Citibank, N.A.'s rating outlook in the second paragraph.)

Fitch Ratings has affirmed Citi Residential Lending Inc.'s (CRLI), residential servicer ratings as follows:

--Primary servicer rating for subprime product at 'RPS3+';

--Special servicer rating at 'RSS3+'.

The primary and special servicer ratings are based on the company's experienced management team, capable loan administration practices, progressive technology, proficient default management practices and procedures, and effectiveness in managing and resolving subprime, nonperforming and subperforming residential mortgages. The servicer rating also incorporate the strong financial condition of CRLI's parent, Citibank, N.A. (Citibank), rated 'AA/F1+', Outlook Negative, by Fitch.

In a transaction that closed on Sept. 1, 2007, CRLI, a subsidiary of Citibank, acquired the mortgage servicing assets from ACC Capital Holdings Corporation, the former parent of AMC Mortgage Services, Inc. (AMC) and the mortgage servicing platform of AMC. CRLI's servicing operations are located in Rancho Cucamonga, CA, and Schaumburg, IL. CRLI's two servicing centers provide the company with scalability, fully redundant call center operations, access to geographically diverse labor markets, and disaster recovery flexibility. As of August 30, 2007, CRLI was servicing over 300,000 loans totaling $48.7 billion, with 99% of the portfolio comprised of subprime mortgages.

The rating actions reflect the challenges that still face the company in maintaining servicing quality and implementing its business strategy of servicing expansion through acquisitions, third party servicing and subservicing opportunities, while adapting to Citibank's culture, management and operations. Fitch will continue to monitor CRLI's ability to maintain servicing performance as it pursues its servicing initiatives and integrates its business processes with Citibank in a high delinquency servicing environment.

Fitch 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 U.S. Residential Mortgage Servicers', dated Nov. 29, 2006, which is available on the Fitch Ratings 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.