New York, June 28, 2013 -- Moody's Investors Service stated today that proposed amendments to servicing
agreements of the affected transactions listed below will not, in
and of themselves and at this time, result in a reduction or withdrawal
of Moody's current ratings of the securities issued by the affected transactions.
Bank of America N.A. (BANA), the servicer for the
affected transactions, requested that Moody's provide its opinion
on whether the ratings of the securities issued by the affected transactions,
would be downgraded or withdrawn as a result of three amendments that
are being made to the servicing agreements for the affected transactions.
The first series of amendments will allow servicing advances in the affected
transactions to be funded by an advance facility. The second amendment
will require that the account used by the servicer to hold monthly collections
from borrowers be held at a depository institution whose long-term
unsecured debt obligations are rated at least A2 by Moody's and whose
commercial paper, short-term debt obligations, demand
deposits or other short-term deposits are rated at least P-1
by Moody's. The final amendment modifies a servicer replacement
event in several of the affected transactions listed below. Currently,
the master servicer and the trustee have the option to terminate the servicer
if its servicer rating falls below the servicer rating as of deal closing.
The amendment changes the reference date from closing date to a servicing
transfer date should there be a transfer of servicing.
Moody's view is based primarily on its opinion that a) including an option
to fund the advances in the transaction through an advance facility will
not have a negative impact on servicer's ability to perform its servicing
duties and therefore will not affect the affected transactions' performance
b) the new ratings requirements for depository institutions are consistent
with Moody's guidelines "The Temporary Use of Cash in Structured
Finance Transactions: Eligible Investment and Bank Guidelines"
published in March 18, 2013 and c) changing the reference date for
the servicer termination event does not have a negative credit impact
because it is a conforming change in the event servicing transfers.
Moody's believed that the amendments did not have an adverse effect on
the credit quality of the securities such that the Moody's ratings were
impacted. Moody's did not express an opinion as to whether the
amendments could have other, non credit-related effects.
Deals with amendments for advance facility, depository institution
rating, and servicer termination event:
CSFB Mortgage-Backed Pass-Through Certificates, Series
2005-1
CSFB Mortgage-Backed Pass-Through Certificates, Series
2005-4
CSFB Mortgage-Backed Pass-Through Certificates, Series
2005-9
Morgan Stanley ABS Capital I Inc. Trust 2004-HE5
Morgan Stanley ABS Capital I Inc. Trust 2005-HE3
Morgan Stanley ABS Capital I Inc. Trust 2005-HE6
Morgan Stanley ABS Capital I Inc. Trust 2005-HE7
Morgan Stanley ABS Capital I Inc. Trust 2006-HE4
New Century Home Equity Loan Trust, Series 2004-A
Structured Asset Investment Loan Trust 2003-BC4
Structured Asset Investment Loan Trust 2003-BC6
Structured Asset Investment Loan Trust 2003-BC7
Structured Asset Investment Loan Trust 2003-BC8
Structured Asset Investment Loan Trust 2003-BC9
Deals with amendments for advance facility and depository institution
rating:
ABFC Asset-Backed Certificates, Series 2005-HE1
Ace Securities Corp. Home Equity Loan Trust, Series 2002-HE2
ACE Securities Corp. Home Equity Loan Trust, Series 2005-HE7
ACE Securities Corp. Home Equity Loan Trust, Series 2006-CW1
Aames Mortgage Trust 2001-1
Aames Mortgage Trust 2001-2
Aames Mortgage Trust 2001-3
Aames Mortgage Trust 2001-4
SASCO Amortizing Residential Collateral Trust Mortgage Pass-Through
Certificates, Series 2001-BC5
Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates,
Series 2001-BC6
CSFB Adjustable Rate Mortgage Trust 2004-1
CSFB Adjustable Rate Mortgage Trust 2005-3
CSFB Adjustable Rate Mortgage Trust 2005-5
CSFB Adjustable Rate Mortgage Trust 2005-7
CSFB Adjustable Rate Mortgage Trust 2005-9
CSFB Adjustable Rate Mortgage Trust 2006-1
CSFB Adjustable Rate Mortgage Trust 2006-2
CSFB Adjustable Rate Mortgage Trust 2006-3
CSFB Adjustable Rate Mortgage Trust 2007-1
CSFB Adjustable Rate Mortgage Trust 2007-2
Banc of America Funding Corporation, Mortgage Pass-Through
Certificates, Series 2002-2
Banc of America Funding 2004-B Trust
Banc of America Funding 2004-C Trust
Banc of America Funding 2004-D Trust
Banc of America Funding 2005-3 Trust
Banc of America Funding Corporation, Mortgage Pass-Through
Certificates, Series 2005-4
Banc of America Funding 2005-A Trust
Banc of America Funding 2005-B Trust
Banc of America Funding Corporation, Mortgage Pass-Through
Certificates, Series 2005-E
Banc of America Funding Corporation, Mortgage Pass-Through
Certificates, Series 2005-F
Banc of America Funding 2006-1 Trust, Mortgage Pass-Through
Certificates, Series 2006-1
Banc of America Funding 2006-2 Trust
Banc of America Funding 2006-3 Trust
Banc of America Funding 2006-4 Trust
Banc of America Funding 2006-5 Trust, Mortgage Pass-Through
Certificates, Series 2006-5
Banc of America Funding 2006-7 Trust, Mortgage Pass-Through
Certificates, Series 2006-7
Banc of America Funding 2006-B Trust
Banc of America Funding 2006-H Trust
Banc of America Funding 2006-I Trust
Banc of America Funding 2007-1 Trust, Mortgage Pass-Through
Certificates, Series 2007-1
Banc of America Funding 2007--2 Trust
Banc of America Funding 2007-3 Trust
Banc of America Funding 2007-4 Trust
Banc of America Funding 2007--5 Trust
Banc of America Funding Corporation 2007-6
Banc of America Funding 2007-A Trust
Banc of America Funding 2007-B Trust
Banc of America Funding 2007-C Trust
Banc of America Funding 2007-D Trust
Bear Stearns ALT-A Trust 2003-6
Bear Stearns ALT-A Trust 2004-10
Bear Stearns ALT-A Trust 2004-11
Bear Stearns ALT-A Trust 2004-12
Bear Stearns ALT-A Trust 2004-2
Bear Stearns ALT-A Trust 2004-4
Bear Stearns ALT-A Trust 2004-5
Bear Stearns ALT-A Trust 2004-7
Bear Stearns ALT-A Trust 2004-8
Bear Stearns ALT-A Trust 2004-9
Bear Stearns Alt-A Trust 2005-10
Bear Stearns ALT-A Trust 2005-2
Bear Stearns ALT-A Trust 2005-4
Bear Stearns ALT-A Trust 2005-5
Bear Stearns ALT-A Trust 2005-7
Bear Stearns ALT-A Trust 2005-9
Bear Stearns Alt-A 2006-1
Bear Stearns Alt-A Trust 2006-2
Bear Stearns Alt-A Trust 2006-3
Bear Stearns Alt-A Trust 2006-4
Bear Stearns Alt-A Trust 2006-5
Bear Stearns Alt-A Trust 2006-6
Bear Stearns Alt-A Trust 2006-7
Bear Stearns Alt-A Trust 2006-8
Bear Stearns Alt-A Trust 2007-1
Bear Stearns ALT-A Trust 2007-3
Bayview Financial Mortgage Pass-Through Certificates, Series
2004-C
Bayview Financial Mortgage Pass-Through Certificates, Series
2004-D
Bayview Financial Mortgage Pass-Through Trust 2005-C
Bayview Financial Mortgage Pass-Through Trust 2005-D
Bayview Financial Mortgage Pass-Through Trust 2007-B
BCAP LLC Trust 2006-AA1
BCAP LLC Trust 2006-AA2
BCAP LLC Trust 2007-AA1
BCAP LLC Trust 2007-AA2
BCAP LLC Trust 2007-AA3
BCAP LLC Trust 2007-AA4
BCAP LLC Trust 2007-AA5
Banc of America Alternative Loan Trust 2003-1
Banc of America Alternative Loan Trust 2003-10
Banc of America Alternative Loan Trust 2003-11
Banc of America Alternative Loan Trust 2003-2
Banc of America Alternative Loan Trust 2003-3
Banc of America Alternative Loan Trust 2003-4
Banc of America Alternative Loan Trust 2003-5
Banc of America Alternative Loan Trust 2003-6
Banc of America Alternative Loan Trust 2003-7
Banc of America Alternative Loan Trust 2003-8
Banc of America Alternative Loan Trust 2003-9
Banc of America Alternative Loan Trust 2004-1
Banc of America Alternative Loan Trust 2004-10
Banc of America Alternative Loan Trust 2004-11
Banc of America Alternative Loan Trust 2004-12
Banc of America Alternative Loan Trust 2004-2
Banc of America Alternative Loan Trust 2004-3
Banc of America Alternative Loan Trust 2004-4
Banc of America Alternative Loan Trust 2004-5
Banc of America Alternative Loan Trust 2004-6
Banc of America Alternative Loan Trust 2004-8
Banc of America Alternative Loan Trust 2004-9
Banc of America Alternative Loan Trust 2005-1
Banc of America Alternative Loan Trust 2005-10
Banc of America Alternative Loan Trust 2005-11
Banc of America Alternative Loan Trust 2005-12
Banc of America Alternative Loan Trust 2005-2
Banc of America Alternative Loan Trust 2005-3
Banc of America Alternative Loan Trust 2005-4
Banc of America Alternative Loan Trust 2005-5
Banc of America Alternative Loan Trust 2005-6
Banc of America Alternative Loan Trust 2005-7
Banc of America Alternative Loan Trust, Mortgage Pass-Through
Certificates, Series 2005-8
Banc of America Alternative Loan Trust 2005-9
Banc of America Alternative Loan Trust 2006-1
Banc of America Alternative Loan Trust 2006-2
Banc of America Alternative Loan Trust 2006-3
Banc of America Alternative Loan Trust 2006-4
Banc of America Alternative Loan Trust 2006-5
Banc of America Alternative Loan Trust 2006-6
Banc of America Alternative Loan Trust 2006-7
Banc of America Alternative Loan Trust 2006-8
Banc of America Alternative Loan Trust 2006-9
Banc of America Alternative Loan Trust 2007-1
Banc of America Mortgage 2003-10 Trust
Banc of America Mortgage 2003-5 Trust
Banc of America Mortgage 2003-9 Trust
Banc of America Mortgage 2003-C Trust
Banc of America Mortgage 2003-D Trust
Banc of America Mortgage 2003-E Trust
Banc of America Mortgage 2003-G Trust
Banc of America Mortgage 2003-H Trust
Banc of America Mortgage 2003-I Trust
Banc of America Mortgage 2003-J Trust
Banc of America Mortgage 2003-K Trust
Banc of America Mortgage 2003-L Trust
Banc of America Mortgage 2004-10 Trust
Banc of America Mortgage 2004-2 Trust
Banc of America Mortgage 2004-B Trust
Banc of America Mortgage 2004-D Trust
Banc of America Mortgage 2004-F Trust
Banc of America Mortgage 2004-G Trust
Banc of America Mortgage 2004-H Trust
Banc of America Mortgage 2004-I Trust
Banc of America Mortgage 2004-J Trust
Banc of America Mortgage 2004-K Trust
Banc of America Mortgage 2004-L Trust
Banc of America Mortgage 2005-1 Trust
Banc of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2005-10
Banc of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2005-11
Banc of America Mortgage 2005-3 Trust
Banc of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2005-6
Banc of America Mortgage Securities, Pass-Through Certificates,
Series 2005-7
Banc of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2005-8
Banc of America Mortgage Securities,Inc Mortgage Pass-Through
Certificates, Series 2005-9
Banc of America Mortgage 2005-A Trust
Banc of America Mortgage 2005-B Trust
Banc of America Mortgage 2005-C Trust
Banc of America Mortgage 2005-D Trust
Banc of America Mortgage 2005-E Trust
Banc of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2005-F
Banc of America Mortgage 2006-1 Trust
Banc of America Mortgage 2006-2 Trust
Banc of America Mortgage 2006-3 Trust
Banc of America Mortgage 2007-1 Trust
Banc of America Mortgage 2007-2 Trust
Banc of America Mortgage 2008-A Trust
Bear Stearns Asset Backed Securities Trust 2003-SD2
Bear Stearns Asset-Backed Securities Trust 2003-SD3
Bear Stearns Asset-Backed Securities I Trust 2004-AC2
Bear Stearns Asset Backed Securities I Trust 2004-AC6
Bear Stearns Asset-Backed Securities Trust 2004-SD1
Bear Stearns Asset-Backed Securities Trust 2004-SD2
Bear Stearns Asset Backed Securities I Trust 2007-AC4
Bear Stearns Asset Backed Securities I Trust 2007-AC5
Bear Stearns Asset Backed Securities Trust 2007-SD3
Bear Stearns Structured Products Trust 2007-EMX1
Bella Vista Mortgage Trust 2004-1
Bella Vista Mortgage Trust 2004-2
Bella Vista Mortgage Trust 2005-1
Bella Vista Mortgage Trust 2005-2
CDC Mortgage Capital Trust 2004-HE1
CDC Mortgage Capital Trust 2004-HE2
CDC Mortgage Capital Trust 2004-HE3
Citigroup Mortgage Loan Trust Inc. Series 2004-2
Citigroup Mortgage Loan Trust, Series 2004-HYB1
Citigroup Mortgage Loan Trust, Series 2004-HYB2
Citigroup Mortgage Loan Trust, Series 2004-HYB3
Citigroup Mortgage Loan Trust, Series 2004-HYB4
Citigroup Mortgage Loan Trust, Series 2005-1
Citigroup Mortgage Loan Trust Series 2005-10
Citigroup Mortgage Loan Trust, Series 2005-2
Citigroup Mortgage Loan Trust, Series 2005-3
Citigroup Mortgage Loan Trust Inc. 2005-7
Citigroup Mortgage Loan Trust Series 2005-8
Citigroup Mortgage Loan Trust 2006-AR3
Citigroup Mortgage Loan Trust 2006-AR6
Citigroup Mortgage Loan Trust 2006-HE3
Citigroup Mortgage Loan Trust 2007-AMC2
Citigroup Mortgage Loan Trust 2007-AR1
Citigroup Mortgage Loan Trust 2007-AR4
Citigroup Mortgage Loan Trust 2007-AR7
Citigroup Mortgage Loan Trust 2007-AR8
CS First Boston Mortgage Securities Corp, CSFB ABS Trust Series
2001-HE8
Credit Suisse First Boston Mortgage Acceptance Corp. Series 2002-HI23
CSFB Mortgage-Backed Pass-Through Certificates, Series
2003-AR18
CSFB Mortgage-Backed Pass-Through Certificates, Series
2004-4
CSFB Mortgage-Backed Pass-Through Certificates, Series
2004-AR5
CSFB Mortgage Pass-Through Certificates, Series 2004-CF1
CSFB Mortgage Pass-Through Certificates, Series 2004-CF2
CSFB Mortgage-Backed Pass-Through Certificates, Series
2005-11
CSFB Mortgage-Backed Pass-Through Certificates, Series
2005-5
CSFB Mortgage-Backed Pass-Through Certificates, Series
2005-6
CSFB Mortgage-Backed Pass-Through Certificates, Series
2005-8
Delta Funding Home Equity Loan Trust 2000-3
Deutsche Mortgage Securities, Inc. Mortgage Loan Trust,
Series 2004-4
Ellington Loan Acquisition Trust 2007-1
Ellington Loan Acquisition Trust 2007-2
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-1
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-2
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-4
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-5
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-A
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-H1
CWMBS Re-Performing Loan REMIC Trust Certificates, Series
2002-1
Freddie Mac Structured Pass-Through Certificates (SPCs),
Series T-048
GSAA Home Equity Trust 2004-10
GSAA Home Equity Trust 2004-11
GSAA Trust 2004-3
GSAA Home Equity Trust 2004-5
GSAA Home Equity Trust 2004-7
GSAA Home Equity Trust 2004-8
GSAA Home Equity Trust 2004-9
GSAA Trust 2004-CW1
GSAA Home Equity Trust 2005-10
GSAA Home Equity Trust 2005-11
GSAA Home Equity Trust 2005-14
GSAA Home Equity Trust 2005-15
GSAA Home Equity Trust 2005-2
GSAA Home Equity Trust 2005-4
GSAA Home Equity Trust 2005-6
GSAA Home Equity Trust 2005-7
GSAA Home Equity Trust 2005-8
GSAA Home Equity Trust 2005-9
GSAA Home Equity Trust 2006-1
GSAA Home Equity Trust 2006-11
GSAA Home Equity Trust 2006-12
GSAA Home Equity Trust 2006-14
GSAA Home Equity Trust 2006-16, Asset-Backed Certificates,
Series 2006-16
GSAA Home Equity Trust 2006-17
GSAA Home Equity Trust 2006-19
GSAA Home Equity Trust 2006-20
GSAA Home Equity Trust 2006-3
GSAA Home Equity Trust 2006-4
GSAA Home Equity Trust 2006-5
GSAA Home Equity Trust 2006-8
GSAA Home Equity Trust 2006-9
GSAA Home Equity Trust 2006-S1
GSAA Home Equity Trust 2007-1
GSAA Home Equity Trust 2007-3
GSAA Home Equity Trust 2007-5
GSAA Home Equity Trust 2007-6
GSAMP Trust 2003-SEA2
GSAMP Trust 2004-SEA2
GSAMP Trust 2005-S1
GSAMP Trust 2005-SEA2
GSAMP Trust 2006-SD2
GSAMP Trust 2007-SEA1
GSR Mortgage Loan Trust 2004-11
GSR Mortgage Loan Trust 2004-12
GSR Mortgage Loan Trust 2004-14
GSR Mortgage Loan Trust 2004-15F
GSR Mortgage Loan Trust 2004-5
GSR Mortgage Loan Trust 2004-7
GSR Mortgage Loan Trust 2004-9
GSR Mortgage Loan Trust 2005-3F
GSR Mortgage Loan Trust 2005-4F
GSR Mortgage Loan Trust 2005-5F
GSR Mortgage Loan Trust 2005-6F
GSR Mortgage Loan Trust 2005-7F
GSR Mortgage Loan Trust 2005-AR2
GSR Mortgage Loan Trust 2005-AR3
GSR Mortgage Loan Trust 2006-1F
GSR Mortgage Loan Trust 2006-6F
GSR Mortgage Loan Trust 2006-7F
GSR Mortgage Loan Trust 2006-8F
GSR Mortgage Loan Trust 2006-9F
GSR Mortgage Loan Trust 2006-OA1
GSR Mortgage Loan Trust 2007-OA1
GSRPM Mortgage Loan Trust 2003-1
GSRPM Mortgage Loan Trust 2003-2
GSRPM Mortgage Loan Trust 2004-1
GSRPM Mortgage Loan Trust 2006-2
GSRPM Mortgage Loan Trust 2007-1
HSI Asset Securitization Corporation Trust 2005-I1
HSI Asset Securitization Corporation Trust 2006-HE1
HSI Asset Securitization Corporation Trust 2006-HE2
HarborView Mortgage Loan Trust 2003-2
HarborView Mortgage Loan Trust 2003-3
HarborView Mortgage Loan Trust 2004-10
HarborView Mortgage Loan Trust 2004-11
HarborView Mortgage Loan Trust 2004-2
HarborView Mortgage Loan Trust 2004-5
HarborView Mortgage Loan Trust 2004-6
HarborView Mortgage Loan Trust 2004-7
HarborView Mortgage Loan Trust 2004-8
HarborView Mortgage Loan Trust 2004-9
HarborView Mortgage Loan Trust 2005-1
HarborView Mortgage Loan Trust 2005-10
HarborView Mortgage Loan Trust 2005-12
HarborView Mortgage Loan Trust 2005-13
HarborView Mortgage Loan Trust 2005-14
HarborView Mortgage Loan Trust 2005-16
HarborView Mortgage Loan Trust 2005-2
HarborView Mortgage Loan Trust 2005-3
HarborView Mortgage Loan Trust 2005-4
HarborView Mortgage Loan Trust 2005-7
HarborView Mortgage Loan Trust 2005-8
HarborView Mortgage Loan Trust 2006-11
HarborView Mortgage Loan Trust 2006-2
HarborView Mortgage Loan Trust 2006-3
HarborView Mortgage Loan Trust 2006-4
HarborView Mortgage Loan Trust 2006-5
HarborView Mortgage Loan Trust 2006-9
HarborView Mortgage Loan Trust 2006-CB1
HarborView Mortgage Loan Trust 2007-4
HarborView Mortgage Loan Trust 2007-6
HarborView Mortgage Loan Trust 2007-7
Impac Secured Assets Corp. Mortgage Pass-Through Certificates,
Series 2006-3
Impac Secured Assets Corp. Mortgage Pass-Through Certificates,
Series 2006-4
Impac Secured Assets Corp. Mortgage Pass-Through Certificates,
Series 2006-5
Impac Real Estate Asset Trust 2006-SD1
Impac Secured Assets Corp. Mortgage Pass-Through Certificates,
Series 2007-1
Impac Secured Assets Corp. Mortgage Pass-Through Certificates,
Series 2007-2
Impac Secured Assets Corp. Mortgage Pass-Through Certificates,
Series 2007-3
Luminent Mortgage Trust 2005-1
Luminent Mortgage Trust 2006-5
Luminent Mortgage Trust 2006-6
Lehman XS Trust Series 2005-2
Lehman XS Trust Series 2005-3
Lehman XS Trust Series 2005-5N
Lehman XS Trust Series 2005-7N
Lehman XS Trust Series 2005-9N
Lehman XS Trust Series 2006-10N
Lehman XS Trust Series 2006-12N
Lehman XS Trust, Mortgage Pass Through Certificates, Series
2006-14N
Lehman XS Trust 2006-17
Lehman XS Trust Series 2006-18N
Lehman XS Trust 2006-19
Lehman XS Trust Series 2006-20
Lehman XS Trust Series 2006-2N
Lehman XS Trust Series 2006-3
Lehman XS Trust Series 2006-4N
Lehman XS Trust Series 2007-1
Lehman XS Trust 2007-10H
Lehman XS Trust Series 2007-12N
Lehman XS Trust Series 2007-15N
Lehman XS Trust, Series 2007-16N
Lehman XS Trust Series 2007-2N
Lehman XS Trust Series 2007-4N
Lehman XS Trust 2007-6
Lehman XS Trust Series 2007-7N
Lehman XS Trust Series 2007-9
MASTR Alternative Loan Trust 2002-3
MASTR Alternative Loan Trust 2003-1
MASTR Alternative Loan Trust 2003-2
MASTR Alternative Loan Trust 2003-5
MASTR Alternative Loan Trust 2004-3
MASTR Alternative Loan Trust 2004-4
MASTR Alternative Loan Trust 2004-7
MASTR Alternative Loan Trust 2004-9
MASTR Alternative Loan Trust 2005-2
MASTR Alternative Loan Trust 2005-3
MASTR Alternative Loan Trust 2005-5
MASTR Alternative Loan Trust 2005-6
MASTR Alternative Loan Trust 2007-1
Merrill Lynch Alternative Note Asset Trust, Series 2007-AF1
Merrill Lynch Alternative Note Asset Trust, Series 2007-OAR2
MASTR Adjustable Rate Mortgages Trust 2003-2
MASTR Adjustable Rate Mortgages Trust 2003-3
MASTR Adjustable Rate Mortgages Trust 2003-6
MASTR Adjustable Rate Mortgages Trust 2004-1
MASTR Adjustable Rate Mortgages Trust 2004-2
MASTR Adjustable Rate Mortgages Trust 2004-7
MASTR Adjustable Rate Mortgages Trust 2004-8
MASTR Adjustable Rate Mortgages Trust 2004-9
MASTR Adjustable Rate Mortgages Trust 2005-2
MASTR Adjustable Rate Mortgages Trust 2005-6
MASTR Adjustable Rate Mortgages Trust 2005-7
MASTR Adjustable Rate Mortgages Trust 2005-8
MASTR Adjustable Rate Mortgages Trust 2006-OA2
MASTR Adjustable Rate Mortgages Trust 2007-2
MASTR Adjustable Rate Mortgages Trust 2007-3
MASTR Reperforming Loan Trust 2005-2
MASTR Reperforming Loan Trust 2006-1
MASTR Asset Securitization Trust 2002-7
MASTR Asset Securitization Trust 2003-10
MASTR Asset Securitization Trust 2003-4
MASTR Asset Securitization Trust 2004-1
MASTR Asset Securitization Trust 2005-2
Merrill Lynch Mortgage Investors Trust, Series 2002-HE1
Mortgage Pass-Through Certificates, MLMI Series 2003-A4
Merrill Lynch Mortgage Investors Trust, Series 2004-FM1
Merrill Lynch Mortgage Investors Trust Series 2004-SL1
Merrill Lynch Mortgage Investors Trust Series 2004-SL2
Merrill Lynch Mortgage Investors Trust 2005-A10
Merrill Lynch Mortgage Investors Trust MLMI Series 2005-A4
Merrill Lynch Mortgage Investors Trust 2005-AR1
Merrill Lynch Mortgage Investors Trust 2005-FM1
Merrill Lynch Mortgage Investors Trust Series 2005-HE1
Merrill Lynch Mortgage Investors, Inc. 2005-NC1
Merrill Lynch Mortgage Investors Trust 2005-NCA
Merrill Lynch Mortgage Investors Trust Series 2005-NCB
Merrill Lynch Mortgage Investors Trust Series 2005-SL1
Merrill Lynch Mortgage Investors Trust 2005-SL2
Merrill Lynch Mortgage Investors Trust Series 2005-SL3
Merrill Lynch Mortgage Investors, Inc. 2005-WMC1
Merrill Lynch Mortgage Investors, Inc. 2005-WMC2
Merrill Lynch Mortgage Investors Trust 2006-A1
Merrill Lynch Mortgage Investors Trust 2006-A2
Merrill Lynch Mortgage Investors Trust 2006-A3
Merrill Lynch Mortgage Investors Trust 2006-A4
Merrill Lynch Mortgage Investors Trust 2006-AHL1
Merrill Lynch Mortgage Investors Trust 2006-AR1
Merrill Lynch Mortgage Investors Trust 2006-FF1
Merrill Lynch Mortgage Investors Trust 2006-FM1
Merrill Lynch Mortgage Investors Trust Series 2006-HE1
Merrill Lynch Mortgage Investors Trust Series 2006-HE2
Merrill Lynch Mortgage Investors Trust Series 2006-HE3
Merrill Lynch Mortgage Investors Trust Series 2006-HE4
Merrill Lynch Mortgage Investors Trust Series 2006-HE5
Merrill Lynch Mortgage Investors Trust Series 2006-HE6
Merrill Lynch Mortgage Investors Trust 2006-MLN1
Merrill Lynch Mortgage Investors Trust 2006-RM1
Merrill Lynch Mortgage Investors Trust 2006-RM2
Merrill Lynch Mortgage Investors Trust 2006-RM4
Merrill Lynch Mortgage Investors Trust 2006-RM5
Merrill Lynch Mortgage Investors Trust Series 2006-SD1
Merrill Lynch Mortgage Investors Trust 2006-SL1
Merrill Lynch Mortgage Investors Trust 2006-SL2
Merrill Lynch Mortgage Investors Trust 2006-WMC1
Merrill Lynch Mortgage Investors Trust 2006-WMC2
Merrill Lynch Mortgage Investors Trust, Series 2007-HE1
Merrill Lynch Mortgage Investors Trust Series 2007-HE2
Merrill Lynch Mortgage Investors Trust Series 2007-HE3
Merrill Lynch Mortgage Investors Trust 2007-MLN1
Merrill Lynch Mortgage Investors Trust, Series 2007-SL1
Morgan Stanley ABS Capital I Inc. Trust 2003-SD1
Morgan Stanley ABS Capital I Inc. Trust 2004-SD1
Morgan Stanley ABS Capital I Inc. Trust 2004-SD2
Morgan Stanley ABS Capital I Inc. Trust 2004-SD3
Morgan Stanley ABS Capital I Inc. Trust 2007-NC3
Morgan Stanley IXIS Real Estate Capital Trust 2006-1
Morgan Stanley IXIS Real Estate Capital Trust 2006-2
Morgan Stanley Mortgage Loan Trust 2004-5AR
Morgan Stanley Mortgage Loan Trust 2004-6AR
Morgan Stanley Mortgage Loan Trust 2004-7AR
Morgan Stanley Mortgage Loan Trust 2005-5AR
Morgan Stanley Mortgage Loan Trust 2005-6AR
Morgan Stanley Mortgage Loan Trust 2006-1AR
NAAC Reperforming Loan Remic Trust Certificates, Series 2004-R1
Nomura Home Equity Loan Trust 2005-FM1
Nomura Home Equity Loan Trust 2005-HE1
Structured Asset Investment Loan Trust 2003-BC2
Structured Asset Investment Loan Trust 2005-1
Structured Asset Investment Loan Trust 2006-3
Structured Asset Mortgage Investments Trust 2003-AR1
Structured Asset Mortgage Investments II Trust 2003-AR4
Structured Asset Mortgage Investments II Trust 2004-AR2
Structured Asset Mortgage Investments II Trust 2004-AR3
Structured Asset Mortgage Investments II Trust 2004-AR4
Structured Asset Mortgage Investments II Trust 2004-AR5
Structured Asset Mortgage Investments II Trust 2004-AR6
Structured Asset Mortgage Investments II Trust 2004-AR7
Structured Asset Mortgage Investments II Trust 2004-AR8
Structured Asset Mortgage Investments II Trust 2005-AR2
Structured Asset Mortgage Investments II Trust 2005-AR4
Structured Asset Mortgage Investments II Trust 2005-AR6
Structured Asset Mortgage Investments II Trust 2005-AR7
Structured Asset Mortgage Investments II Trust 2005-AR8
Structured Asset Mortgage Investments II Trust 2006-AR1
Structured Asset Mortgage Investments II Trust 2006-AR2
Structured Asset Mortgage Investments II Trust 2006-AR3
Structured Asset Mortgage Investments II Trust 2006-AR4
Structured Asset Mortgage Investments II Trust 2006-AR6
Structured Asset Mortgage Investments II Trust 2006-AR7
Structured Asset Mortgage Investments II Trust 2006-AR8
Structured Asset Mortgage Investments II Trust 2007-AR1
Structured Asset Mortgage Investments II Trust 2007-AR2
Structured Asset Mortgage Investments II Trust 2007-AR3
Structured Adjustable Rate Mortgage Loan Trust 2004-1
Structured Adjustable Rate Mortgage Loan Trust 2004-11
Structured Adjustable Rate Mortgage Loan Trust 2004-12
Structured Adjustable Rate Mortgage Loan Trust 2004-13
Structured Adjustable Rate Mortgage Loan Trust 2004-14
Structured Adjustable Rate Mortgage Loan Trust 2004-16
Structured Adjustable Rate Mortgage Loan Trust 2004-18
Structured Adjustable Rate Mortgage Loan Trust 2004-19
Structured Adjustable Rate Mortgage Loan Trust 2004-20
Structured Adjustable Rate Mortgage Loan Trust 2005-1
Structured Adjustable Rate Mortgage Loan Trust 2005-12
Structured Adjustable Rate Mortgage Loan Trust 2005-14
Structured Adjustable Rate Mortgage Loan Trust 2005-15
Structured Adjustable Rate Mortgage Loan Trust 2005-16XS
Structured Adjustable Rate Mortgage Loan Trust 2005-17
Structured Adjustable Rate Mortgage Loan Trust 2005-18
Structured Adjustable Rate Mortgage Loan Trust 2005-19XS
Structured Adjustable Rate Mortgage Loan Trust 2005-20
Structured Adjustable Rate Mortgage Loan Trust 2005-21
Structured Adjustable Rate Mortgage Loan Trust 2005-5
Structured Adjustable Rate Mortgage Loan Trust 2005-7
Structured Adjustable Rate Mortgage Loan Trust 2005-9
Structured Adjustable Rate Mortgage Loan Trust, Mortgage Pass-Through
Certificates, Series 2006-11
Structured Adjustable Rate Mortgage Loan Trust 2006-12
Structured Adjustable Rate Mortgage Loan Trust, Series 2007-1
Structured Adjustable Rate Mortgage Loan Trust 2007-2
Structured Adjustable Rate Mortgage Loan Trust 2007-3
Structured Adjustable Rate Mortgage Loan Trust 2007-4
Structured Adjustable Rate Mortgage Loan Trust 2007-5
Structured Adjustable Rate Mortgage Loan Trust 2007-7
Structured Asset Securities Corporation Mortgage Pass-Through Certificates,
Series 2001-16H
Structured Asset Securities Corp 2002-21A
Structured Asset Securities Corp 2002-22H
Structured Asset Securities Corp 2002-23XS
Structured Asset Securities Corporation Mortgage Pass-Through Certificates,
Series 2002-4H
Structured Asset Securities Corp 2002-5A
Structured Asset Securities Corporation Mortgage Loan Trust 2002-9
Structured Asset Securities Corp 2003-8
Structured Asset Securities Corp 2003-AM1
SASCO Mortgage Loan Trust 2003-GEL1
Structured Asset Securities Corp Trust 2004-12H
Structured Asset Securities Corp Trust 2004-16XS
Structured Asset Securities Corp Trust 2004-18H
Structured Asset Securities Corp Trust 2004-5H
Structured Asset Securities Corp Trust 2004-S2
Structured Asset Securities Corp Trust 2004-S3
Structured Asset Securities Corp Trust 2004-S4
Structured Asset Securities Corporation, Series 2005-10
Structured Asset Securities Corp Trust 2005-11H
Structured Asset Securities Corp Trust 2005-14
Structured Asset Securities Corp Trust 2005-15
Structured Asset Securities Corp Trust 2005-16
Structured Asset Securities Corp Trust 2005-2XS
Structured Asset Securities Corp Trust 2005-4XS
Structured Asset Securities Corp Trust 2005-6
Structured Asset Securities Corp Trust 2005-9XS
Structured Asset Securities Corp 2005-RF1
Structured Asset Securities Corp. 2005-RF2
Structured Asset Securities Corp. 2005-RF5
Structured Asset Securities Corp. 2005-RF6
Structured Asset Securities Corporation 2005-S1
Structured Asset Securities Corp Trust 2006-3H
Structured Asset Securities Corp Trust 2006-BC2
Structured Asset Securities Corp, Mortgage Pass-Through Certificates,
Series 2006-BC3
Structured Asset Securities Corporation Mortgage Pass-Through Certificates,
Series 2006-BC4
Structured Asset Securities Corporation Trust 2006-BC5
Structured Asset Securities Corp Trust 2007-BC4
Structured Asset Securities Corp Trust 2007-TC1
SBMS VII 1997-HUD2
Salomon Brothers Mortgage Securities VII, Inc. Union Planters
Mortgage Loan Trust 2003-UP1
Sequoia Mortgage Trust 2003-5
Sequoia Mortgage Trust 2003-8
Sequoia Mortgage Trust 2004-1
Sequoia Mortgage Trust 2004-10
Sequoia Mortgage Trust 2004-11
Sequoia Mortgage Trust 2004-12
Sequoia Mortgage Trust 2004-3
Sequoia Mortgage Trust 2004-4
Sequoia Mortgage Trust 2004-5
Sequoia Mortgage Trust 2004-6
Sequoia Mortgage Trust 2004-7
Sequoia Mortgage Trust 2004-8
Sequoia Mortgage Trust 2004-9
Sequoia Mortgage Trust 2005-1
Sequoia Mortgage Trust 2005-2
Sequoia Mortgage Trust 2005-3
Sequoia Mortgage Trust 2005-4
Sequoia Mortgage Trust 2007-2, Mortgage Pass-Through
Certificates, Series 2007-2
Sequoia Mortgage Trust 2007-3, Mortgage Pass-Through
Certificates, Series 2007-3
Sequoia Mortgage Trust 2007-4, Mortgage Pass-Through
Certificates, Series 2007-4
Sequoia Alternative Loan Trust 2006-1
Specialty Underwriting and Residential Finance Series 2005-AB1
Specialty Underwriting and Residential Finance Series 2005-AB2
Speciality Underwriting and Residential Finance 2005-AB3
Specialty Underwriting and Residential Finance Trust, Series 2005-BC2
Specialty Underwriting and Residential Finance Series 2005-BC4
Specialty Underwriting and Residential Finance Series 2006-AB1
Specialty Underwriting and Residential Finance Series 2006-AB2
Speciality Underwriting and Residential Finance 2006-AB3
Specialty Underwriting and Residential Finance Series 2006-BC1
Speciality Underwriting and Residential Finance 2006-BC2
Specialty Underwriting and Residential Finance Series 2006-BC3
Specialty Underwriting and Residential Finance Series 2006-BC4
Specialty Underwriting and Residential Finance Series 2006-BC5
Speciality Underwriting and Residential Finance Trust, Series 2007-AB1
Specialty Underwriting and Residential Finance Series 2007-BC1
Specialty Underwriting and Residential Finance Trust, Series 2007-BC2
Soundview Home Loan Trust 2005-4
Soundview Home Loan Trust 2005-A
Soundview Home Loan Trust 2005-B
Soundview Home Loan Trust 2007-1
Terwin Mortgage Trust 2003-5SL
Terwin Mortgage Trust, Series TMTS 2003-6HE
Terwin Mortgage Trust 2004-18SL
Terwin Mortgage Trust, Series TMTS 2004-1HE
Terwin Mortgage Trust, Series TMTS 2004-3HE
Terwin Mortgage Trust, Series TMTS 2004-5HE
Terwin Mortgage Trust 2005-11
Wilshire Funding Corporation Mortgage-Backed Certificates,
Series 1996-3
Wilshire Mortgage Funding Company VI, Inc., Series
1998-WFC2
Wilshire Mortgage Loan Trust 1997-02
WaMu Mortgage Pass-Through Certificates, WMALT Series 2006-AR1
Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2006-AR4
Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2006-AR5
Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2006-AR7
Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2006-AR8
WaMu Mortgage Pass-Through Certificates, WMALT Series 2006-AR9
Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2007-OA1
Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2007-OA2
Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2007-OA3
Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2007-OA4
Trust
Zuni Mortgage Loan Trust 2006-OA1, Mortgage Loan Pass-Through
Certificates, Series 2006-OA1
CSFB Adjustable Rate Mortgage Trust 2007-3
Banc of America Mortgage 2004-E Trust
Banc of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2005-J
CSFB Mortgage-Backed Pass-Through Certificates, Series
2005-10
CSFB Mortgage-Backed Pass-Through Securities, Series
2005-12
CWHEQ Home Equity Loan Trust, Series 2007-S2
CWHEQ Home Equity Loan Trust, Series 2007-S3
Fannie Mae REMIC Trust 2001-W3
Fannie Mae REMIC Trust 2002-W1
Fannie Mae REMIC Trust 2002-W6
Fannie Mae REMIC Trust 2003-W1
Fannie Mae REMIC Trust 2003-W10
Fannie Mae REMIC Trust 2003-W4
Fannie Mae REMIC Trust 2004-W13
Merrill Lynch Alternative Note Asset Trust, Series 2007-OAR5
Structured Asset Investment Loan Trust 2003-BC11
Terwin Mortgage Trust, Series TMTS 2004-9HE
CWHEQ Home Equity Loan Trust, Series 2006-S1
CWHEQ Home Equity Loan Trust, Series 2006-S2
CWHEQ Home Equity Loan Trust, Series 2006-S3
CWHEQ Home Equity Loan Trust, Series 2006-S4
CWHEQ Home Equity Loan Trust, Series 2006-S5
CWHEQ Home Equity Loan Trust, Series 2006-S6
CWHEQ Home Equity Loan Trust, Series 2006-S7
CWHEQ Home Equity Loan Trust, Series 2006-S8
CWHEQ Home Equity Loan Trust, Series 2006-S9
CWHEQ Home Equity Loan Trust, Series 2007-S1
Gerard Mazi
Associate Analyst
Structured Finance Group
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Linda Stesney
MD - Structured Finance
Structured Finance Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Releasing Office:
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Moody's: No negative ratings impact from amendments to 671 Bank of America-serviced RMBS deals