Fitch Affirms 11 & Upgrades 2 Classes From 6 BankAmerica MH Contracts.

NEW YORK -- Fitch Ratings has performed a review of the BankAmerica Manufactured Housing (BAMH) transactions. Based on the review, the following rating actions have been taken:

Series 1995-BA1:

--Class A-3 is affirmed at 'AAA';

--Class A-4 is upgraded to 'AAA' from 'AA-';

--Class B-1 remains at 'CCC';

--Class B-2 remains at 'C'.

Series 1996-1:

--Class A-6 is affirmed at 'AAA';

--Class A-7 is upgraded to 'AAA from 'AA-';

--Class B-1 is remains at 'C';

--Class B-2 is remains at 'C'.

Series 1997-1:

--Classes A-8 and A-9 are affirmed at 'AAA';

--Class M remains at 'C';

--Class B-1 remains at 'C';

--Class B-2 remains at 'C';

Series 1997-2:

--Classes A-8 and A-9 are affirmed at 'AAA';

--Class M remains at 'C';

--Class B-1 remains at 'C';

--Class B-2 remains at 'C';

Series 1998-1:

--Class A-1 is affirmed at 'AAA';

--Class M is affirmed at 'BBB';

--Class B-1 is affirmed at 'B';

--Class B-2 remains at 'C';

Series 1998-2:

--Class A-7 is affirmed at 'AAA';

--Class M is affirmed at 'B';

--Class B-1 remains at 'C';

--Class B-2 remains at 'C'.

BankAmerica Housing Services was purchased by Greenpoint Credit in 1998. Greenpoint exited the manufactured housing lending business in early 2002 but continued to act as servicer for its manufactured housing portfolio until the assets and servicing rights were acquired by GreenTree Servicing in the fourth quarter of 2004. GreenTree has implemented several changes since the servicing transfer was completed. Among the changes, GreenTree has reduced the number of loan modifications, reduced the number of non-repossession charge-offs and significantly increased the number of collectors working on accounts in the 1-29 day delinquency bucket. Despite the reduction in loan modifications, reported delinquency and repossession inventories have declined since the servicing transfer.

The transactions reviewed pay interest and principal due to the senior outstanding bond prior to paying interest to subordinate bonds -- a structure commonly referred to as an IP-IP structure (Interest-Principal/ Interest-Principal). As opposed to a structure which pays interest to all bonds prior to paying any principal, an IP-IP structure generally reduces the credit risk to the senior class at the expense of the mezzanine and subordinate certificates. The BAMH senior classes remain well protected while the mezzanine and subordinate classes have accrued significant interest shortfall amounts. The payment priority distribution is not expected to change as all of the transactions will fail performance triggers for the remainder of each pool's life.

Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at www.fitchratings.com.

Fitch's rating definitions are available on the agency's public web site, www.fitchratings.com. Published ratings, criteria and methodologies and relevant policies and procedures are also available from this site, at all times. This document will remain on the public site for seven days.