Fitch Affirms 47 Classes from 4 Finance America Mortgage Loan Trust Issues.

NEW YORK -- Fitch has affirmed the following Finance America Mortgage Loan Trust issues:

Series 2003-1

--Class I-A1 at 'AAA';

--Class II-A2 at 'AAA';

--Class M-1 at 'AA';

--Class M-2 at 'A';

--Class M-3 at 'A-';

--Class M-4 at 'BBB+';

--Class M-5 at 'BBB';

--Class M-6 at 'BBB-'.

Series 2004-1

--Class I-A1 at 'AAA';

--Class I-A2 at 'AAA';

--Class II-A1 at 'AAA';

--Class II-A2 at 'AAA';

--Class A-SIO at 'AAA';

--Class M-1 at 'AAA';

--Class M-2 at 'AA';

--Class M-3 at 'AA';

--Class M-4 at 'AA-';

--Class M-5 at 'A';

--Class M-6 at 'A-';

--Class M-7 at 'BBB+';

--Class M-8 at 'BBB'.

Series 2004-2

--Class I-A1 at 'AAA';

--Class II-A2 at 'AAA';

--Class II-A3 at 'AAA';

--Class M-1 at 'AA+';

--Class M-2 at 'AA+';

--Class M-3 at 'AA';

--Class M-4 at 'AA-';

--Class M-5 at 'A';

--Class M-6 at 'A-';

--Class M-7 at 'BBB+';

--Class M-8 at 'BBB';

--Class M-9 at 'BBB-'.

Series 2004-3

--Class I-A1 at 'AAA';

--Class I-A2 at 'AAA';

--Class II-A1 at 'AAA';

--Class M-1 at 'AA+';

--Class M-2 at 'AA+';

--Class M-3 at 'AA';

--Class M-4 at 'AA';

--Class M-5 at 'A+';

--Class M-6 at 'A-';

--Class M-7 at 'A-';

--Class M-8 at 'BBB+';

--Class M-9 at 'BBB';

--Class B-1 at 'BBB-';

--Class B-2 at 'BB'.

All of the mortgage loans in the aforementioned transactions were either originated or acquired by Finance America, LLC. The mortgage loans consist of fixed- and adjustable-rate, fully-amortizing and balloon payment mortgage loans and are secured by first and second liens, primarily on one- to four-family residential properties.

The affirmations reflect a satisfactory relationship between credit enhancement (CE) and future loss expectations and affect approximately $1.09 billion of outstanding certificates. As of the February 2006 distribution date, the transactions are seasoned from a range of 15 to 27 months, and the pool factors (current mortgage loan principal outstanding as a percentage of the initial pool) range from approximately 23% (series 2003-1) to 59% (series 2004-3). To date, cumulative losses range from 0.14% (series 2004-3) to 0.77% (series 2003-1).

Aurora Loan Services LLC, rated 'RMS1-' for master servicing by Fitch, is Master Servicer for the series 2004-1 transaction. Litton Loan Servicing LP, rated 'RPS1' for subprime products, is the Servicer for series 2003-1, 2004-1 and 2004-3 transactions. HomeEq Servicing Corporation, rated 'RPS1' for subprime products, is the Servicer for series 2004-2 transaction.

Fitch will continue to closely monitor these transactions. Further information regarding current delinquency, loss, and CE statistics is available on the Fitch Ratings website 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.