Fitch Rates NISTAR Series 1999-2.

NEW YORK -- Fitch rates NISTAR series 1999-2 as follows:

--Class A affirmed at 'AAA';

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

--Class B-2 is affirmed at 'AAA';

--Class B-3 upgraded to 'AA+' from 'AA-';

--Class B-4 upgraded to 'A' from 'BB+';

--Class B-5 upgraded to 'B+' from 'B'.

The upgrades reflect a substantial increase in credit enhancement relative to future loss expectations and affect $3,195,533 of outstanding certificates. The affirmations reflect credit enhancement consistent with future loss expectations and affect $20,916,693 of outstanding certificates.

The mortgage pool consists of conventional, 30- and 15-year fixed-rate mortgages secured by one- to four-family residential properties.

As of the November 2004 distribution date, the credit enhancement levels for all classes are at least four times their original levels. The credit enhancement levels for classes A, B-1, B-2, B-3, B-4, and B-5 are 49.32%, 24.82%, 15.10%, 7.89%, 3.93%, and 2.13%, respectively. Currently, the deal is more than five years seasoned and 88% of the original collateral has paid off. Cumulative losses equal 0.13% (total loss as a percentage of the original pool balance) and 4.40% of the loans in the deal are currently delinquent.

Further collateral performance and credit enhancement statistics are available on the Fitch Ratings web site at www.fitchratings.com.