Fitch Ratings Affirms 38 Classes from 5 Long Beach Home Equity Issues.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 6, 2003

Fitch Ratings has taken the following rating actions on 5 Long Beach transactions:

Series 2002-1 Group 1:

-- Classes I-A & I-S are affirmed at 'AAA';

-- Class I-M2 is affirmed at 'A';

-- Class I-M3 is affirmed at 'BBB'.

Series 2002-1 Group 2:

-- Classes II-A1, II-A3, II-A4 & II-S are affirmed at 'AAA';

-- Class II-M1 is affirmed at 'AA';

-- Class II-M2 is affirmed at 'A';

-- Class II-M3 is affirmed at 'BBB';

-- Class II-M4 is affirmed at 'BB+'.

Series 2002-2 Group1:

-- Classes I-A & I-S are affirmed at 'AAA';

-- Class I-M2 is affirmed at 'A';

-- Class I-M3 is affirmed at 'BBB';

-- Classes I-M4-A & I-M4-B are affirmed at 'BBB-'.

Series 2002-2 Group 2:

-- Classes II-A & II-S are affirmed at 'AAA';

-- Class II-M1 is affirmed at 'AA';

-- Class II-M2 is affirmed at 'A';

-- Class II-M3 is affirmed at 'BBB';

-- Classes II-M4-A & II-M4-B are affirmed at 'BBB-'.

Series 2002-3 Group 2:

-- Classes II-A & II-S are affirmed at 'AAA'.

Series 2002-4 Group 2:

-- Classes II-A & II-S are affirmed at 'AAA'.

Series 2002-5

-- Classes A-1, A-2, S-1 & S-2 are affirmed at 'AAA';

-- Class M-1 is affirmed at 'AA';

-- Class M-2 is affirmed at 'A';

-- Class M-3 is affirmed at 'BBB';

-- Classes M4-A & M4-B are affirmed at 'BBB-'.

The affirmations on these classes reflect credit enhancement consistent with future loss expectations.

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