Fitch to Host Teleconference on Fairbanks Downgrades Monday June 23, 2:00 p.m. EDT.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 20, 2003

Fitch Ratings will host a teleconference Monday, June 23, 2003 at 2:00 p.m. EDT to discuss the recent downgrades of Fairbanks Capital Corp. servicer ratings.

Fitch representatives Diane Pendley and Kathleen Tillwitz will discuss the findings of their recent on-site visits to the Fairbanks servicing facilities and the resulting rating downgrades which were taken on June 17, 2003. (For details please refer to the press release dated June 17, 2003, 'Fitch Ratings Downgrades Fairbanks' Servicer Ratings', available on the Fitch Ratings web site at 'www.fitchratings.com.')

If you have particular questions or topics that you would like Fitch to address during this call please forward them to the following email address by noon on Friday June 20, 2003:

'[e-mail]'

Participants should dial 1-888-266-4139 and international participants should dial 1-706-643-1860. All participants should dial in five minutes prior to the 2:00 p.m. EDT start time and give the title of the call 'Fairbanks'. The call leader is 'John Bonfiglio'.

Interested parties who are not available for the teleconference will be able to hear a replay of the call starting Monday June 23, 5:00 p.m. EDT, until June 30, 2003. Domestic listeners should dial 1-800-642-1687 and international listeners should dial 1-706-645-9291 and enter the conference ID # '1369631' when prompted.

Additionally, a replay of the call will be archived on the Fitch Ratings web site for three months. Interested parties can find the appropriate link at the 'Company Events & Online Media' link, which is located under the heading 'About Fitch' at 'www.fitchratings.com'.