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Related Issuers
RAAC Series 2004-SP1 Trust
RAAC Series 2004-SP2 Trust
RAAC Series 2004-SP3 Trust
RAAC Series 2005-RP1 Trust
RAAC Series 2005-RP2 Trust
RALI Series 2001-QS13 Trust
RALI Series 2001-QS18 Trust
RALI Series 2001-QS19 Trust
RALI Series 2002-QS1 Trust
RALI Series 2002-QS10 Trust
RALI Series 2002-QS13 Trust
RALI Series 2002-QS14 Trust
RALI Series 2002-QS16 Trust
RALI Series 2002-QS2 Trust
RALI Series 2002-QS5 Trust
RALI Series 2002-QS7 Trust
RALI Series 2002-QS9 Trust
RALI Series 2003-QA1 Trust
RALI Series 2003-QS1 Trust
RALI Series 2003-QS10 Trust
RALI Series 2003-QS11 Trust
RALI Series 2003-QS12 Trust
RALI Series 2003-QS13 Trust
RALI Series 2003-QS14 Trust
RALI Series 2003-QS15 Trust
RALI Series 2003-QS16 Trust
RALI Series 2003-QS17 Trust
RALI Series 2003-QS18 Trust
RALI Series 2003-QS19 Trust
RALI Series 2003-QS20 Trust
RALI Series 2003-QS23 Trust
RALI Series 2003-QS3 Trust
RALI Series 2003-QS9 Trust
RALI Series 2004-QA1 Trust
RALI Series 2004-QS1 Trust
RALI Series 2004-QS2 Trust
RALI Series 2004-QS3 Trust
RALI Series 2004-QS5 Trust
RALI Series 2004-QS6 Trust
RAMP Series 2001-RS1 Trust
RAMP Series 2002-RS1 Trust
RAMP Series 2002-RS2 Trust
RAMP Series 2002-RS4 Trust
RAMP Series 2002-RS5 Trust
RAMP Series 2002-RS6 Trust
RAMP Series 2002-RZ4 Trust
RAMP Series 2003-RS1 Trust
RAMP Series 2003-RS11 Trust
RAMP Series 2003-RS4 Trust
RAMP Series 2003-RS5 Trust
RAMP Series 2003-RS6 Trust
RAMP Series 2003-RS7 Trust
RAMP Series 2003-RS8 Trust
RAMP Series 2003-RS9 Trust
RAMP Series 2003-RZ1 Trust
RAMP Series 2003-RZ2 Trust
RAMP Series 2003-RZ3 Trust
RAMP Series 2003-RZ4 Trust
RAMP Series 2003-RZ5 Trust
RAMP Series 2004-KR1 Trust
RAMP Series 2004-KR2 Trust
RAMP Series 2004-RS1 Trust
RAMP Series 2004-RS5 Trust
RAMP Series 2004-SL1 Trust
RASC Series 2001-KS3 Trust
RASC Series 2003-KS5 Trust
RASC Series 2004-KS1 Trust
Residential Asset Securities Corporation, Series 1999-RS1
Residential Asset Securities Corporation, Series 2001-KS1
Residential Asset Securities Corporation, Series 2002-KS2
RFMSI Series 2002-S11 Trust
RFMSI Series 2002-S14 Trust
RFMSI Series 2002-S18 Trust
RFMSI Series 2002-S20 Trust
RFMSI Series 2003-S12 Trust
RFMSI Series 2003-S3 Trust
RFMSI Series 2003-S5 Trust
RFMSI Series 2003-S6 Trust
RFMSI Series 2003-S9 Trust
RFMSI Series 2004-S2 Trust
RFMSI Series 2004-S7 Trust
RFMSII Home Equity Loan Trust 2001-HS2
RFMSII Home Equity Loan Trust 2001-HS3
RFMSII Home Equity Loan Trust 2002-HS1
RFMSII Home Equity Loan Trust 2002-HS2
RFMSII Home Equity Loan Trust 2002-HS3
RFMSII Home Equity Loan Trust 2003-HS1
RFMSII Home Equity Loan Trust 2003-HS2
RFMSII Home Equity Loan Trust 2003-HS3
RFMSII Home Equity Loan Trust 2003-HS4
RFMSII Home Equity Loan Trust 2004-HS1
RFMSII Home Equity Loan Trust 2005-HI3
RFMSII Home Loan Trust 1999-HI1
RFMSII Home Loan Trust 1999-HI4
RFMSII Home Loan Trust 1999-HI6
RFMSII Home Loan Trust 1999-HI8
RFMSII Home Loan Trust 2000-HI1
RFMSII Home Loan Trust 2000-HI2
RFMSII Home Loan Trust 2000-HI3
RFMSII Home Loan Trust 2000-HI4
RFMSII Home Loan Trust 2000-HI5
RFMSII Home Loan Trust 2001-HI1
RFMSII Home Loan Trust 2001-HI2
RFMSII Home Loan Trust 2001-HI4
RFMSII Home Loan Trust 2002-HI1
RFMSII Home Loan Trust 2002-HI3
RFMSII Home Loan Trust 2002-HI4
RFMSII Home Loan Trust 2002-HI5
RFMSII Home Loan Trust 2003-HI1
RFMSII Home Loan Trust 2003-HI2
RFMSII Home Loan Trust 2003-HI3
RFMSII Home Loan Trust 2004-HI1
RFMSII Home Loan Trust 2005-HI1
RFMSII Home Loan Trust 2005-HI2
RFMSII Home Loan Trust 2006-HI1
RFMSII Home Loan Trust 2006-HI2
RFMSII Home Loan Trust 2006-HI3
RFMSII Home Loan Trust 2006-HI4
RFMSII Home Loan Trust 2006-HI5
RFMSII Home Loan Trust 2007-HI1
RFMSII Series 2006-HSA3
RFSC Series 2001-RM2 Trust
RFSC Series 2002-RM1 Trust
RFSC Series 2003-RP1 Trust
RFSC Series 2003-RP2 Trust
RFSC Series 2004-RP1 Trust
Rating Action:

Moody's: $5.9 billion of GMAC serviced RMBS placed on review for possible downgrade

04 Mar 2010

New York, March 04, 2010 -- Moody's placed on review for possible downgrade, 569 tranches from 125 deals of GMAC serviced residential mortgage-backed securities (RMBS) rated Baa3 and higher due to specific servicing concerns. GMAC Mortgage, LLC (GMACM) acts as the primary servicer. GMACM is a wholly owned subsidiary of Residential Capital, LLC (RFC) (rated C). RFC is in turn owned by GMAC, Inc (rated B3).

We have become aware that the servicer has employed cash management arrangements for certain GMACM serviced RMBS that could give rise to competing claims in a bankruptcy proceeding. Specifically, the practices in question involve commingling and netting of the cash flows of multiple RMBS deals in a shared custodial bank account. If these competing claims are successful in diverting cash, they could adversely affect the probability that certain of the affected RMBS will be paid in full.

The servicer's netting process entails the offsetting of excess cash in the custodial bank account after required principal and interest (P&I) payments against required servicer advance obligations on each remittance date. Although netting of servicer advance payments is a common industry practice, it is typically only done on advances made within one RMBS deal. Remittance amounts from one RMBS deal are not typically used to offset servicing advance obligations on another RMBS deal. In the case of the RMBS subject to this action, because multiple RMBS deals are included in a shared bank account, the netting process allowed the servicer to commingle some cash collected on all of the RMBS deals and allowed it to apply cash collected from one RMBS deal, (but not due until a future remittance date), to cover P&I servicer advance obligations on another RMBS deal.

Allowing the netting process to occur across RMBS deals in a common bank account, increases the likelihood that some RMBS deals may not be able to recover the amounts "borrowed" by the servicer to fund advances on another RMBS deal if a servicer bankruptcy were to occur.

The complete rating action is as follows:

Issuer: RFMSII Series 2001-HS2 Home Equity Loan Pass-Through Certificates, Series 2001-HS2

Cl. A-5, A3 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to A3

Issuer: RFMSII Home Equity Loan Pass-Through Certificates, Series 2002-HS1

Cl. M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Aa2

Issuer: RAAC Series 2004-SP1 Trust

Cl. A-II, Aa3 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Aa3

Cl. A-I-3, Aa3 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Aa3

Cl. A-I-4, Aa3 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Aa3

Cl. M-1, A2 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to A2

Cl. M-2, Baa2 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Baa2

Issuer: RAAC Series 2004-SP2 Trust

Cl. A-I, Aaa Placed Under Review for Possible Downgrade; previously on Sep 1, 2004 Assigned Aaa

Cl. A-II-1, Baa1 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Baa1

Cl. A-II-2, Baa1 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Baa1

Cl. A-II-IO, Baa1 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Baa1

Cl. A-II-PO, Baa1 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Baa1

Issuer: RAAC Series 2004-SP3 Trust

Cl. A-I-2, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Aaa

Cl. A-I-3, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Aaa

Cl. A-I-4, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Aaa

Cl. A-I-5, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Aaa

Cl. M-I-1, Aa2 Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Aa2

Cl. M-I-2, A2 Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned A2

Cl. M-I-3, Baa2 Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Baa2

Cl. A-II, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Aaa

Cl. M-II-1, Aa2 Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Aa2

Cl. M-II-2, A2 Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned A2

Cl. M-II-3, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Baa1

Cl. M-II-4, Baa3 Placed Under Review for Possible Downgrade; previously on Nov 18, 2004 Assigned Baa3

Issuer: RAAC Series 2005-RP1 Trust

Cl. A, Aaa Placed Under Review for Possible Downgrade; previously on Mar 7, 2005 Assigned Aaa

Cl. M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Mar 7, 2005 Assigned Aa2

Issuer: RAAC Series 2005-RP2 Trust

Cl. A, Aaa Placed Under Review for Possible Downgrade; previously on Aug 25, 2005 Assigned Aaa

Cl. M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Aug 25, 2005 Assigned Aa2

Cl. M-2, Baa2 Placed Under Review for Possible Downgrade; previously on May 4, 2009 Downgraded to Baa2

Issuer: RALI Series 2001-QS13 Trust

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Sep 28, 2001 Assigned Aaa

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Sep 28, 2001 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Sep 28, 2001 Assigned Aaa

Issuer: RALI Series 2001-QS18 Trust

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jan 4, 2002 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jan 4, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jan 4, 2002 Assigned Aaa

Issuer: RALI Series 2001-QS19 Trust

Cl. A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jan 4, 2002 Assigned Aaa

Cl. A-5, Aaa Placed Under Review for Possible Downgrade; previously on Jan 4, 2002 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jan 4, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jan 4, 2002 Assigned Aaa

Issuer: RALI Series 2002-QS1 Trust

Cl. A-9, Aaa Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aaa

Issuer: RALI Series 2002-QS10 Trust

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on Sep 18, 2002 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Sep 18, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Sep 18, 2002 Assigned Aaa

Cl. A-5, Aaa Placed Under Review for Possible Downgrade; previously on Sep 18, 2002 Assigned Aaa

Issuer: RALI Series 2002-QS13 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-2, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-5, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-7, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-8, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-7A, Aa1 Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aa1

Issuer: RALI Series 2002-QS14 Trust

A-4, Aaa Placed Under Review for Possible Downgrade; previously on Oct 1, 2002 Assigned Aaa

A-9, Aaa Placed Under Review for Possible Downgrade; previously on Oct 1, 2002 Assigned Aaa

A-10, Aaa Placed Under Review for Possible Downgrade; previously on Oct 1, 2002 Assigned Aaa

A-11, Aaa Placed Under Review for Possible Downgrade; previously on Oct 1, 2002 Assigned Aaa

A-12, Aaa Placed Under Review for Possible Downgrade; previously on Oct 1, 2002 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Oct 1, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Oct 1, 2002 Assigned Aaa

Issuer: RALI Series 2002-QS16 Trust

A-1, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-2, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-3, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-P, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-V, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Issuer: RALI Series 2002-QS18 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

Issuer: RALI Series 2002-QS2 Trust

Cl. A-3, Aaa Placed Under Review for Possible Downgrade; previously on Mar 5, 2002 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Mar 5, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Mar 5, 2002 Assigned Aaa

Issuer: RALI Series 2002-QS5 Trust

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on May 24, 2002 Assigned Aaa

Cl. A-10, Aaa Placed Under Review for Possible Downgrade; previously on May 24, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on May 24, 2002 Assigned Aaa

Cl. A-12, Aaa Placed Under Review for Possible Downgrade; previously on May 24, 2002 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on May 24, 2002 Assigned Aaa

Issuer: RALI Series 2002-QS7 Trust

Cl. A-3, Aaa Placed Under Review for Possible Downgrade; previously on Jul 15, 2002 Assigned Aaa

Cl. A-7, Aaa Placed Under Review for Possible Downgrade; previously on Jul 15, 2002 Assigned Aaa

Cl. A-8, Aaa Placed Under Review for Possible Downgrade; previously on Jul 15, 2002 Assigned Aaa

Cl. A-15, Aaa Placed Under Review for Possible Downgrade; previously on Jul 15, 2002 Assigned Aaa

Cl. A-16, Aaa Placed Under Review for Possible Downgrade; previously on Jul 15, 2002 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jul 15, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jul 15, 2002 Assigned Aaa

Issuer: RALI Series 2002-QS9 Trust

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2002 Assigned Aaa

Cl. A-2, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2002 Assigned Aaa

Cl. A-10, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2002 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2002 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2002 Assigned Aaa

Issuer: RALI Series 2003-QA1 Trust

Cl. A-I, Aa1 Placed Under Review for Possible Downgrade; previously on May 26, 2009 Downgraded to Aa1

Cl. A-II, Aa1 Placed Under Review for Possible Downgrade; previously on May 26, 2009 Downgraded to Aa1

Cl. M-1, A1 Placed Under Review for Possible Downgrade; previously on Oct 29, 2008 Downgraded to A1

Cl. M-2, Baa1 Placed Under Review for Possible Downgrade; previously on Oct 29, 2008 Downgraded to Baa1

Issuer: RALI Series 2003-QS1 Trust

A-4, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-2, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-3, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-5, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-6, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-8, Aaa Placed Under Review for Possible Downgrade; previously on Jan 17, 2008 Confirmed at Aaa

A-9, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-10, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-13, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-14, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Feb 18, 2003 Assigned Aaa

Issuer: RALI Series 2003-QS10 Trust

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-3, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-5, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-7, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-8, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-9, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-10, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-11, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-12, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-13, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-14, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-15, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-16, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jun 10, 2003 Assigned Aaa

Issuer: RALI Series 2003-QS11 Trust

Cl. A-1, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-2, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-4, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-5, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-6, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-8, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-10, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-11, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-12, Aaa Placed Under Review for Possible Downgrade; previously on Jul 17, 2003 Assigned Aaa

Cl. A-13, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-14, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-P, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-V, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Issuer: RALI Series 2003-QS12 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jul 16, 2003 Assigned Aaa

A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jul 16, 2003 Assigned Aaa

A-3, Aaa Placed Under Review for Possible Downgrade; previously on Jul 16, 2003 Assigned Aaa

A-4, Aaa Placed Under Review for Possible Downgrade; previously on Jul 16, 2003 Assigned Aaa

A-5, Aaa Placed Under Review for Possible Downgrade; previously on Jul 16, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jul 16, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jul 16, 2003 Assigned Aaa

A-2A, Aaa Placed Under Review for Possible Downgrade; previously on Jul 16, 2003 Assigned Aaa

Issuer: RALI Series 2003-QS13 Trust

A-1, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-2, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-5, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-6, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-7, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-8, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-9, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-10, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-P, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-V, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Issuer: RALI Series 2003-QS14 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Aug 12, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Aug 12, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Aug 12, 2003 Assigned Aaa

Issuer: RALI Series 2003-QS15 Trust

A-1, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-2, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-3, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-5, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-6, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-7, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-P, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-V, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Issuer: RALI Series 2003-QS16 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Sep 26, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Sep 26, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Sep 26, 2003 Assigned Aaa

Issuer: RALI Series 2003-QS17 Trust

A-I-1, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

NB-1, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-I-2, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-P, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Oct 3, 2003 Assigned Aaa

CB-3, Aaa Placed Under Review for Possible Downgrade; previously on Oct 3, 2003 Assigned Aaa

CB-4, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

CB-5, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

CB-6, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

NB-2, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

NB-3, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

NB-4, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Issuer: RALI Series 2003-QS18 Trust

A-1, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

A-P, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

A-V, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Issuer: RALI Series 2003-QS19 Trust

A-I, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

CB, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

NB-1, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

NB-2, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

NB-3, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

NB-4, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

NB-5, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

NB-6, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

NB-7, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2003 Assigned Aaa

Issuer: RALI Series 2003-QS20 Trust

Cl. A-I, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. CB, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-P, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-V, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Issuer: RALI Series 2003-QS23 Trust

Cl. A-1, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-P, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-V, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Issuer: RALI Series 2003-QS3 Trust

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on May 8, 2003 Assigned Aaa

Issuer: RALI Series 2003-QS9 Trust

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jun 30, 2003 Assigned Aaa

Cl. A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jun 30, 2003 Assigned Aaa

Cl. A-3, Aaa Placed Under Review for Possible Downgrade; previously on Jun 30, 2003 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jun 30, 2003 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jun 30, 2003 Assigned Aaa

Issuer: RALI Series 2004-QA1 Trust

Cl. A-I, Aa3 Placed Under Review for Possible Downgrade; previously on May 26, 2009 Downgraded to Aa3

Cl. A-II, Aa3 Placed Under Review for Possible Downgrade; previously on May 26, 2009 Downgraded to Aa3

Cl. M-1, A2 Placed Under Review for Possible Downgrade; previously on May 26, 2009 Downgraded to A2

Cl. M-2, Baa1 Placed Under Review for Possible Downgrade; previously on May 26, 2009 Downgraded to Baa1

Cl. M-3, Baa3 Placed Under Review for Possible Downgrade; previously on May 26, 2009 Downgraded to Baa3

Issuer: RALI Series 2004-QS1 Trust

Cl. A-1, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Cl. A-2, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Cl. A-3, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Cl. A-4, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Cl. A-5, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Cl. A-6, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Cl. A-P, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Cl. A-V, Aa2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa2

Issuer: RALI Series 2004-QS2 Trust

Cl. A-I-1, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-I-2, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-I-3, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-I-4, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-I-5, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. CB, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-P, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-V, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Issuer: RALI Series 2004-QS3 Trust

Cl. A-I-1, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-P, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-V, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. A-II, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Cl. CB, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Aa1

Issuer: RALI Series 2004-QS5 Trust

Cl. A-1, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-2, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-3, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-4, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-5, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-6, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-7, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-8, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-P, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Cl. A-V, A1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A1

Issuer: RALI Series 2004-QS6 Trust

Cl. A-1, A2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A2

Cl. A-P, A2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A2

Cl. A-V, A2 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to A2

Issuer: RAMP Mortgage Asset-Backed Pass-Through Certificates, Series 2001-RS1

Cl. A-II, Baa3 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa3

Issuer: RAMP Series 2002-RS1 Trust

Cl. A-I-5, A1 Placed Under Review for Possible Downgrade; previously on Jul 9, 2009 Downgraded to A1

Issuer: RAMP Series 2002-RS2 Trust

Cl. M-I-1, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Cl. A-I-5, Aa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa3

Issuer: RAMP Series 2002-RS4 Trust

Cl. A-I-5, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Cl. A-I-6, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Cl. A-II, Baa1 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa1

Issuer: RAMP Series 2002-RS5 Trust

Cl. A-I-5, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Cl. A-II, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Cl. A-I-6, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Issuer: RAMP Series 2002-RS6 Trust

Cl. A-II, A3 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A3

Cl. A-I-5, Baa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa2

Cl. A-I-6, Baa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa2

Cl. A-I-7, Baa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa2

Issuer: RAMP Series 2002-RZ4 Trust

Cl. A, A3 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A3

Issuer: RAMP Series 2003-RS1 Trust

Cl. A-I-5, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

Cl. A-I-6, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

Cl. M-I-1, A3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A3

Issuer: RAMP Series 2003-RS11 Trust

A-I-6A, Aaa Placed Under Review for Possible Downgrade; previously on Jan 30, 2004 Assigned Aaa

A-I-6B, Aaa Placed Under Review for Possible Downgrade; previously on Jan 16, 2008 Confirmed at Aaa

A-I-7, Aaa Placed Under Review for Possible Downgrade; previously on Jan 30, 2004 Assigned Aaa

M-I-1, A1 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A1

M-I-2, Baa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa2

M-II-1, Aa1 Placed Under Review for Possible Downgrade; previously on Mar 19, 2007 Upgraded to Aa1

M-II-2, Baa1 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa1

M-II-3, Baa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa2

M-II-4, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Issuer: RAMP Series 2003-RS4 Trust

Cl. A-II-A, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Cl. A-I-5, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Cl. A-I-6, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Issuer: RAMP Series 2003-RS5 Trust

A-II-A, A3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A3

A-I-5, Baa3 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa3

A-I-6, Baa3 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa3

A-II-B, A3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A3

Issuer: RAMP Series 2003-RS6 Trust

Cl. A-II-A, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Cl. A-I-4, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Cl. A-I-5, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Cl. A-I-6, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Cl. R-III, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to Baa1

Issuer: RAMP Series 2003-RS7 Trust

A-I-4, Aaa Placed Under Review for Possible Downgrade; previously on Dec 1, 2003 Assigned Aaa

A-I-5, Aa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa3

A-I-6, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

M-I-1, A3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A3

M-II-1, Aa2 Placed Under Review for Possible Downgrade; previously on Dec 1, 2003 Assigned Aa2

M-II-2, Baa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa2

Issuer: RAMP Series 2003-RS8 Trust

A-I-5, Aaa Placed Under Review for Possible Downgrade; previously on Dec 10, 2003 Assigned Aaa

A-I-6A, Aaa Placed Under Review for Possible Downgrade; previously on Dec 10, 2003 Assigned Aaa

A-I-6B, Aaa Placed Under Review for Possible Downgrade; previously on Jan 16, 2008 Confirmed at Aaa

A-I-7, Aaa Placed Under Review for Possible Downgrade; previously on Dec 10, 2003 Assigned Aaa

A-I-8, Aaa Placed Under Review for Possible Downgrade; previously on Dec 10, 2003 Assigned Aaa

M-I-1, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

M-I-2, A3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A3

M-II-1, Aa2 Placed Under Review for Possible Downgrade; previously on Mar 19, 2007 Confirmed at Aa2

M-II-2, Baa1 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa1

M-II-3, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

Issuer: RAMP Series 2003-RS9 Trust

Cl. A-I-6A, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

Cl. A-I-6B, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

Cl. A-I-7, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

Cl. M-I-1, A2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A2

Cl. M-II-1, A2 Placed Under Review for Possible Downgrade; previously on Jan 3, 2008 Downgraded to A2

Cl. M-II-2, Baa3 Placed Under Review for Possible Downgrade; previously on Jan 3, 2008 Downgraded to Baa3

Issuer: RAMP Series 2003-RZ1 Trust

Cl. A-I-5, A2 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A2

Cl. A-I-6, A2 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A2

Cl. A-I-7, A2 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A2

Cl. A-II, A2 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A2

Issuer: RAMP Series 2003-RZ2 Trust

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jan 16, 2008 Confirmed at Aaa

Cl. M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

Cl. M-2, A2 Placed Under Review for Possible Downgrade; previously on Dec 18, 2008 Downgraded to A2

Cl. M-3, Baa2 Placed Under Review for Possible Downgrade; previously on Dec 18, 2008 Downgraded to Baa2

Cl. A-IO, Aaa Placed Under Review for Possible Downgrade; previously on Apr 16, 2003 Assigned Aaa

Issuer: RAMP Series 2003-RZ3 Trust

Cl. A-5-A, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. A-5-B, Aaa Placed Under Review for Possible Downgrade; previously on Jan 16, 2008 Confirmed at Aaa

Cl. A-6, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. M-1, Aaa Placed Under Review for Possible Downgrade; previously on Mar 19, 2007 Upgraded to Aaa

Cl. M-2, A1 Placed Under Review for Possible Downgrade; previously on Dec 18, 2008 Downgraded to A1

Cl. M-3, A2 Placed Under Review for Possible Downgrade; previously on Mar 19, 2007 Upgraded to A2

Issuer: RAMP Series 2003-RZ4 Trust

Cl. A-5, Aaa Placed Under Review for Possible Downgrade; previously on Oct 3, 2003 Assigned Aaa

Cl. A-6, Aaa Placed Under Review for Possible Downgrade; previously on Jan 16, 2008 Confirmed at Aaa

Cl. A-7, Aaa Placed Under Review for Possible Downgrade; previously on Oct 3, 2003 Assigned Aaa

Cl. M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa2

Cl. M-2, A3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A3

Cl. M-3, Baa2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa2

Issuer: RAMP Series 2003-RZ5 Trust

A-5, Aaa Placed Under Review for Possible Downgrade; previously on Jan 30, 2004 Assigned Aaa

A-6-A, Aaa Placed Under Review for Possible Downgrade; previously on Jan 30, 2004 Assigned Aaa

A-6-B, Aaa Placed Under Review for Possible Downgrade; previously on Jan 16, 2008 Confirmed at Aaa

A-7, Aaa Placed Under Review for Possible Downgrade; previously on Jan 30, 2004 Assigned Aaa

M-1, Aa3 Placed Under Review for Possible Downgrade; previously on Dec 18, 2008 Downgraded to Aa3

M-2, Baa2 Placed Under Review for Possible Downgrade; previously on Dec 18, 2008 Downgraded to Baa2

Issuer: RFMSII Series 2002-HS2 Trust

Cl. M-1, Aa1 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Aa1

Issuer: RFMSII, Inc. Home Equity Loan-Backed Term Notes, Series 2001-HS3

Cl. M-I-1, Aa3 Placed Under Review for Possible Downgrade; previously on Jan 1, 2009 Downgraded to Aa3

Cl. A-II, Aa3 Placed Under Review for Possible Downgrade; previously on Jan 1, 2009 Downgraded to Aa3

Issuer: RFMSII Home Loan Trust 2000-HI4

Cl. A-I-7, A3 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A3

Issuer: RFMSII Home Loan Trust 2000-HI5

Cl. A-I-7, A3 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A3

Issuer: RFMSII Home Loan Trust 2001-HI1

A, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to Baa1

Issuer: RFMSII Home Loan Trust 2001-HI2

A-I-7, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to Baa1

Issuer: RFMSII Home Loan Trust 2001-HI4

A-7, Baa3 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa3

Issuer: RFMSII Home Loan Trust 2002-HI1

Cl. A-7, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Issuer: RFMSII Home Loan Trust 2002-HI5

A-7, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

M-1, A1 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to A1

M-2, Baa1 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Baa1

Issuer: RAMP Series 2004-KR1 Trust

Cl. M-I-1, A3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A3

Cl. M-II-1, A1 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A1

Issuer: RAMP Series 2004-KR2 Trust

Cl. M-II-1, A2 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A2

Cl. M-I-2, Baa1 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa1

Issuer: RAMP Series 2004-RS1 Trust

A-I-6A, Aa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa3

A-I-6B, Aa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa3

A-I-7, Aa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Aa3

M-I-1, A3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A3

M-I-2, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to Baa3

M-II-1, A1 Placed Under Review for Possible Downgrade; previously on Jun 5, 2009 Downgraded to A1

Issuer: RAMP Series 2004-RS5 Trust

Cl. M-II-1, Aa2 Placed Under Review for Possible Downgrade; previously on Aug 23, 2004 Assigned Aa2

Cl. M-II-2, Baa2 Placed Under Review for Possible Downgrade; previously on Jan 4, 2008 Downgraded to Baa2

Cl. M-II-3, Baa3 Placed Under Review for Possible Downgrade; previously on Jan 4, 2008 Downgraded to Baa3

Issuer: RAMP Series 2004-SL1 Trust

Cl. A-I-2, Aaa Placed Under Review for Possible Downgrade; previously on May 10, 2004 Assigned Aaa

Cl. M-I-1, Aa2 Placed Under Review for Possible Downgrade; previously on May 10, 2004 Assigned Aa2

Cl. M-I-2, A1 Placed Under Review for Possible Downgrade; previously on May 10, 2004 Assigned A1

Cl. M-I-3, A2 Placed Under Review for Possible Downgrade; previously on May 10, 2004 Assigned A2

Cl. M-I-4, A3 Placed Under Review for Possible Downgrade; previously on May 10, 2004 Assigned A3

Cl. M-I-5, Baa1 Placed Under Review for Possible Downgrade; previously on May 10, 2004 Assigned Baa1

Cl. M-I-6, Baa2 Placed Under Review for Possible Downgrade; previously on May 10, 2004 Assigned Baa2

Issuer: RASC Series 2001-KS3 Trust

A-I-5, Baa1 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to Baa1

A-I-6, A3 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to A3

A-II, Aa3 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to Aa3

Issuer: RASC Series 2003-KS5 Trust

Cl. A-I-4, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Issuer: RASC Series 2004-KS1 Trust

Cl. A-I-4, Aaa Placed Under Review for Possible Downgrade; previously on Apr 15, 2004 Assigned Aaa

Cl. A-I-5, Aaa Placed Under Review for Possible Downgrade; previously on Apr 15, 2004 Assigned Aaa

Cl. A-I-6, Aaa Placed Under Review for Possible Downgrade; previously on Apr 15, 2004 Assigned Aaa

Cl. M-I-1, A1 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to A1

Cl. M-I-2, Baa3 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to Baa3

Cl. M-II-1, Aa3 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to Aa3

Cl. M-II-2, Baa3 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to Baa3

Issuer: RFMSI Series 2002-S11 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Sep 17, 2002 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Sep 17, 2002 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Sep 17, 2002 Assigned Aaa

Issuer: RFMSI Series 2002-S14 Trust

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

Issuer: RFMSI Series 2002-S18 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

Issuer: RFMSI Series 2002-S20 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-3, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-4, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-5, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-8, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-9, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jan 24, 2003 Assigned Aaa

Issuer: RFMSI Series 2003-S12 Trust

Cl. 1-A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 2-A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 1-A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. A-X-1, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 2-A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 3-A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 3-A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. A-X-2, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 4-A-2, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 4-A-4, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 4-A-5, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 4-A-6, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 4-A-7, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Cl. 4-A-10, Aaa Placed Under Review for Possible Downgrade; previously on Jul 25, 2003 Assigned Aaa

Issuer: RFMSI Series 2003-S3 Trust

Cl. A-2, Aaa Placed Under Review for Possible Downgrade; previously on Mar 6, 2003 Assigned Aaa

Cl. A-3, Aaa Placed Under Review for Possible Downgrade; previously on Mar 6, 2003 Assigned Aaa

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on Mar 6, 2003 Assigned Aaa

Cl. A-5, Aaa Placed Under Review for Possible Downgrade; previously on Mar 6, 2003 Assigned Aaa

Cl. A-6, Aaa Placed Under Review for Possible Downgrade; previously on Mar 6, 2003 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Mar 6, 2003 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Mar 6, 2003 Assigned Aaa

Issuer: RFMSI Series 2003-S5 Trust

Cl. I-A-1, Aaa Placed Under Review for Possible Downgrade; previously on Apr 9, 2003 Assigned Aaa

Cl. II-A-1, Aaa Placed Under Review for Possible Downgrade; previously on Apr 9, 2003 Assigned Aaa

Cl. I-A-2, Aaa Placed Under Review for Possible Downgrade; previously on Apr 9, 2003 Assigned Aaa

Cl. I-A-3, Aaa Placed Under Review for Possible Downgrade; previously on Apr 9, 2003 Assigned Aaa

Cl. I-A-P, Aaa Placed Under Review for Possible Downgrade; previously on Apr 9, 2003 Assigned Aaa

Cl. I-A-V, Aaa Placed Under Review for Possible Downgrade; previously on Apr 9, 2003 Assigned Aaa

Cl. II-A-P, Aaa Placed Under Review for Possible Downgrade; previously on Apr 9, 2003 Assigned Aaa

Cl. II-A-V, Aaa Placed Under Review for Possible Downgrade; previously on Apr 9, 2003 Assigned Aaa

Issuer: RFMSI Series 2003-S6 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-2, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-3, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-4, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-8, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-9, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-10, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-P, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

A-V, Aaa Placed Under Review for Possible Downgrade; previously on May 19, 2003 Assigned Aaa

Issuer: RFMSI Series 2003-S9 Trust

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Jun 4, 2003 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on Jun 4, 2003 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on Jun 4, 2003 Assigned Aaa

Issuer: RFMSI Series 2004-S2 Trust

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-3, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-5, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-6, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-7, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-8, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-9, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-P, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Cl. A-V, Aaa Placed Under Review for Possible Downgrade; previously on May 21, 2004 Assigned Aaa

Issuer: RFMSI Series 2004-S7 Trust

Cl. A-1, A1 Placed Under Review for Possible Downgrade; previously on Jul 7, 2009 Downgraded to A1

Cl. A-P, A1 Placed Under Review for Possible Downgrade; previously on Jul 7, 2009 Downgraded to A1

Cl. A-V, A1 Placed Under Review for Possible Downgrade; previously on Jul 7, 2009 Downgraded to A1

Issuer: RFMSII Home Equity Loan Trust 2002-HS3

Cl. A-II, Baa1 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Baa1

Cl. A-I-6, Aa3 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aa3

Issuer: RFMSII Home Equity Loan Trust 2003-HS1

A-II, Aa2 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aa2

A-I-5, Baa3 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Baa3

A-I-6, Baa3 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Baa3

Issuer: RFMSII Home Equity Loan Trust 2003-HS2

M-I-1, A1 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to A1

A-I-4, Aa1 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Aa1

Issuer: RFMSII Home Equity Loan Trust 2003-HS3

Cl. A-II-A, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 16, 2008 Downgraded to Baa1

Cl. A-II-B, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 16, 2008 Downgraded to Baa1

Cl. A-I-3, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 16, 2008 Downgraded to Baa1

Cl. A-I-4, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 16, 2008 Downgraded to Baa1

Issuer: RFMSII Home Equity Loan Trust 2003-HS4

Cl. A-I-A, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Cl. A-I-B, Baa2 Placed Under Review for Possible Downgrade; previously on Apr 13, 2009 Downgraded to Baa2

Issuer: RFMSII Home Equity Loan Trust 2004-HS1

Cl. A-I-4, Aa3 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aa3

Cl. A-I-5, A1 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to A1

Cl. A-I-6, A1 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to A1

Issuer: RFMSII Home Equity Loan Trust 2005-HI3

Cl. A-3, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2005 Assigned Aaa

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2005 Assigned Aaa

Cl. A-5, Aaa Placed Under Review for Possible Downgrade; previously on Nov 18, 2005 Assigned Aaa

Cl. M-1, Aa1 Placed Under Review for Possible Downgrade; previously on Nov 18, 2005 Assigned Aa1

Cl. M-2, Aa3 Placed Under Review for Possible Downgrade; previously on Oct 30, 2008 Downgraded to Aa3

Cl. M-3, A1 Placed Under Review for Possible Downgrade; previously on Oct 30, 2008 Downgraded to A1

Cl. M-4, A2 Placed Under Review for Possible Downgrade; previously on Oct 30, 2008 Downgraded to A2

Cl. M-5, Baa1 Placed Under Review for Possible Downgrade; previously on Oct 30, 2008 Downgraded to Baa1

Cl. M-6, Baa2 Placed Under Review for Possible Downgrade; previously on Oct 30, 2008 Downgraded to Baa2

Issuer: RFMSII Home Loan Trust 2002-HI3

Cl. A-7, Baa1 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to Baa1

Issuer: RFMSII Home Loan Trust 2002-HI4

Cl. M-3, Baa2 Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Baa2

Cl. A-6, Aaa Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aaa

Cl. M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned Aa2

Cl. M-2, A2 Placed Under Review for Possible Downgrade; previously on Sep 30, 2002 Assigned A2

Issuer: RFMSII Home Loan Trust 2003-HI1

M-1, Aaa Placed Under Review for Possible Downgrade; previously on Mar 19, 2007 Upgraded to Aaa

M-2, Baa1 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Baa1

A-7, Aaa Placed Under Review for Possible Downgrade; previously on Jul 17, 2003 Assigned Aaa

Issuer: RFMSII Home Loan Trust 2003-HI2

Cl. A-6, Aaa Placed Under Review for Possible Downgrade; previously on Jul 31, 2003 Assigned Aaa

Cl. M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Aa2

Cl. M-2, A2 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to A2

Issuer: RFMSII Home Loan Trust 2003-HI3

A-II, Aa3 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Confirmed at Aa3

A-I-5, Aa3 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Confirmed at Aa3

Issuer: RFMSII Home Loan Trust 2004-HI1

A-5, Aaa Placed Under Review for Possible Downgrade; previously on May 20, 2004 Assigned Aaa

M-1, Aa2 Placed Under Review for Possible Downgrade; previously on May 20, 2004 Assigned Aa2

M-2, A2 Placed Under Review for Possible Downgrade; previously on May 20, 2004 Assigned A2

M-3, Baa2 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to Baa2

Issuer: RFMSII Home Loan Trust 2005-HI1

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aaa

Issuer: RFMSII Home Loan Trust 2005-HI2

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on Jul 20, 2005 Assigned Aaa

Cl. A-5, Aaa Placed Under Review for Possible Downgrade; previously on Jul 20, 2005 Assigned Aaa

Cl. M-1, Aa1 Placed Under Review for Possible Downgrade; previously on Jul 20, 2005 Assigned Aa1

Cl. M-2, Aa2 Placed Under Review for Possible Downgrade; previously on Jul 20, 2005 Assigned Aa2

Cl. M-3, Aa3 Placed Under Review for Possible Downgrade; previously on Jul 20, 2005 Assigned Aa3

Cl. M-4, A1 Placed Under Review for Possible Downgrade; previously on Jul 20, 2005 Assigned A1

Cl. M-5, A2 Placed Under Review for Possible Downgrade; previously on Jul 20, 2005 Assigned A2

Cl. M-6, Baa1 Placed Under Review for Possible Downgrade; previously on Jun 15, 2009 Downgraded to Baa1

Cl. M-7, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 15, 2009 Downgraded to Baa3

Issuer: RFMSII Home Loan Trust 2006-HI1

Cl. A-2, Aaa Placed Under Review for Possible Downgrade; previously on Apr 7, 2006 Assigned Aaa

Cl. A-3, Aaa Placed Under Review for Possible Downgrade; previously on Apr 7, 2006 Assigned Aaa

Cl. A-4, Aaa Placed Under Review for Possible Downgrade; previously on Apr 7, 2006 Assigned Aaa

Cl. M-1, Aa1 Placed Under Review for Possible Downgrade; previously on Apr 7, 2006 Assigned Aa1

Cl. M-2, A2 Placed Under Review for Possible Downgrade; previously on Jun 15, 2009 Downgraded to A2

Cl. M-3, A3 Placed Under Review for Possible Downgrade; previously on Jun 15, 2009 Downgraded to A3

Cl. M-4, Baa1 Placed Under Review for Possible Downgrade; previously on Jun 15, 2009 Downgraded to Baa1

Cl. M-5, Baa3 Placed Under Review for Possible Downgrade; previously on Jun 15, 2009 Downgraded to Baa3

Issuer: RFMSII Home Loan Trust 2006-HI2

Cl. A-2, Aa1 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aa1

Issuer: RFMSII Home Loan Trust 2006-HI3

Cl. A-2, Aa1 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aa1

Issuer: RFMSII Home Loan Trust 2006-HI4

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aaa

Cl. A-2, Aa1 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aa1

Issuer: RFMSII Home Loan Trust 2006-HI5

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aaa

Cl. A-2, Aa1 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aa1

Issuer: RFMSII Home Loan Trust 2007-HI1

Cl. A-1, Aaa Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aaa

Cl. A-2, Aa1 Placed Under Review for Possible Downgrade; previously on Aug 6, 2008 Upgraded to Aa1

Issuer: RFMSII Series 2006-HSA3

Cl. A, Aa3 Placed Under Review for Possible Downgrade; previously on Nov 12, 2009 Confirmed at Aa3

Issuer: RFSC Series 2001-RM2 Trust

Cl. AP-I, Aaa Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aaa

Cl. M-I-1, Aa2 Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aa2

Cl. M-I-2, Baa1 Placed Under Review for Possible Downgrade; previously on Apr 9, 2009 Downgraded to Baa1

Cl. A-V-I, Aaa Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aaa

Cl. A-II, Aaa Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aaa

Cl. M-II-1, Aa2 Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aa2

Cl. M-II-2, A2 Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned A2

Cl. A-I, Aaa Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Aaa

Cl. M-II-3, Baa2 Placed Under Review for Possible Downgrade; previously on Jan 31, 2002 Assigned Baa2

Issuer: RFSC Series 2002-RM1 Trust

Cl. A-I-1, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. A-II, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. A-I-2, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. A-I-3, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. AP-1, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. AV-1, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. M-I-1, Aaa Placed Under Review for Possible Downgrade; previously on Sep 1, 2004 Upgraded to Aaa

Cl. M-I-2, Aa2 Placed Under Review for Possible Downgrade; previously on Jul 7, 2009 Downgraded to Aa2

Cl. M-I-3, A2 Placed Under Review for Possible Downgrade; previously on Jul 7, 2009 Downgraded to A2

Cl. B-I-1, Baa2 Placed Under Review for Possible Downgrade; previously on Sep 1, 2004 Upgraded to Baa2

Cl. AP-II, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. AV-II, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. R-II, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Cl. M-II-1, Aaa Placed Under Review for Possible Downgrade; previously on Sep 1, 2004 Upgraded to Aaa

Cl. M-II-2, A1 Placed Under Review for Possible Downgrade; previously on Jul 17, 2009 Downgraded to A1

Cl. M-II-3, Baa1 Placed Under Review for Possible Downgrade; previously on Jul 17, 2009 Downgraded to Baa1

Cl. R-III, Aaa Placed Under Review for Possible Downgrade; previously on Feb 27, 2003 Assigned Aaa

Issuer: RFSC Series 2003-RP1 Trust

M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Nov 21, 2003 Assigned Aa2

Issuer: RFSC Series 2003-RP2 Trust

A-1, Aa1 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to Aa1

M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Nov 21, 2003 Assigned Aa2

M-2, A2 Placed Under Review for Possible Downgrade; previously on Nov 21, 2003 Assigned A2

M-3, Baa2 Placed Under Review for Possible Downgrade; previously on Nov 21, 2003 Assigned Baa2

Issuer: RFSC Series 2004-RP1 Trust

A-1, Aaa Placed Under Review for Possible Downgrade; previously on Mar 30, 2004 Assigned Aaa

A-2B, Aaa Placed Under Review for Possible Downgrade; previously on Mar 30, 2004 Assigned Aaa

M-1, Aa2 Placed Under Review for Possible Downgrade; previously on Mar 30, 2004 Assigned Aa2

Issuer: Residential Asset Securities Corporation, Series 1999-RS1

A-II, Baa2 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to Baa2

Issuer: Residential Asset Securities Corporation, Series 2001-KS1

A-I-5, Aa3 Placed Under Review for Possible Downgrade; previously on Aug 8, 2008 Upgraded to Aa3

A-II, Aa2 Placed Under Review for Possible Downgrade; previously on Aug 8, 2008 Upgraded to Aa2

A-I-6, Aa3 Placed Under Review for Possible Downgrade; previously on Aug 8, 2008 Upgraded to Aa3

Issuer: Residential Asset Securities Corporation, Series 2002-KS2

Cl. A-I-5, Aa2 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to Aa2

Cl. A-I-6, Aaa Placed Under Review for Possible Downgrade; previously on Apr 29, 2002 Assigned Aaa

Cl. M-I-1, Baa3 Placed Under Review for Possible Downgrade; previously on Jul 1, 2009 Downgraded to Baa3

Issuer: Residential Funding Mortgage Secuirities II, Inc. Home Loan-Backed Notes, Series 1999-HI1

A-6, Aa3 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Confirmed at Aa3

Issuer: Residential Funding Mortgage Securities II, Inc. , Series 1999-HI4

A-7, Aa3 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Confirmed at Aa3

Issuer: Residential Funding Mortgage Securities II, Inc. Home Loan-Backed Notes, Series 1999-HI8

Cl. A-I-7, A3 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to A3

CL. A-I-8, A3 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to A3

Issuer: Residential Funding Mortgage Securities II, Inc. Series 2000-HI1

Cl. A-I-7, A3 Placed Under Review for Possible Downgrade; previously on Dec 23, 2008 Downgraded to A3

Issuer: Residential Funding Mortgage Securities II, Inc. Series 2000-HI2

Cl. A-I-5, Aa3 Placed Under Review for Possible Downgrade; previously on Jan 1, 2009 Confirmed at Aa3

Issuer: Residential Funding Mortgage Securities II, Inc., Series 1999-HI6

Cl. A-I-7, A1 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A1

CL. A-I-8, A1 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A1

Issuer: Residential Funding Mortgage Securities II, Inc., Series 2000-HI3

Cl. A-I-7, A1 Placed Under Review for Possible Downgrade; previously on Nov 17, 2008 Downgraded to A1

The principal methodologies used in this rating action were " Prime Jumbo RMBS Loss Projection Update: January 2010", "Alt-A RMBS Loss Projection Update: February 2010" and "Subprime RMBS Loss Projection Update: February 2010" which can be found at www.moodys.com in the Rating Methodologies sub-directory under the Research & Ratings tab. Other methodologies and factors that may have been considered in the process of rating this transaction can also be found in the Rating Methodologies sub-directory on Moody's website. In addition, Moody's publishes a weekly summary of structured finance credit, ratings and methodologies, available to all registered users of our website, at www.moodys.com/SFQuickCheck.

New York
John Park
Managing Director
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

San Francisco
Eric Fellows
VP - Senior Credit Officer
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Moody's: $5.9 billion of GMAC serviced RMBS placed on review for possible downgrade
No Related Data.
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MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any rating, agreed to pay to MJKK or MSFJ (as applicable) for ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY250,000,000.

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