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Related Issuers
ACE Securities Corp. HEL Tr 2007-HE4
ACE Securities Corp. Home Equity Loan Trust, Series 2005-HE4
ACE Securities Corp. Home Equity Loan Trust, Series 2006-FM2
ACE Securities Corp. Home Equity Loan Trust, Series 2006-NC2
ACE Securities Corp. Home Equity Loan Trust, Series 2006-NC3
ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE2
ACE Securities Corp. Home Equity Loan Trust, Series 2007-WM1
Bear Stearns ALT-A Trust 2004-11
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 2005-2
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 Trust 2006-4
Bear Stearns Alt-A Trust 2006-5
Bear Stearns Alt-A Trust 2006-6
Bear Stearns Alt-A Trust 2006-8
Bear Stearns ARM Trust 2003-3
Bear Stearns ARM Trust 2003-8
Bear Stearns ARM Trust 2004-1
Bear Stearns ARM Trust 2004-10
Bear Stearns ARM Trust 2004-12
Bear Stearns ARM Trust 2004-6
Bear Stearns ARM Trust 2005-1
Bear Stearns ARM Trust 2005-4
Bear Stearns ARM Trust 2005-6
Bear Stearns ARM Trust 2005-7
Bella Vista Mortgage Trust 2004-1
Bella Vista Mortgage Trust 2004-2
Bella Vista Mortgage Trust 2005-1
Bella Vista Mortgage Trust 2005-2
CHL Mortgage Pass-Through Trust 2002-37
CHL Mortgage Pass-Through Trust 2006-17
CHL Mortgage Pass-Through Trust 2006-18
CHL Mortgage Pass-Through Trust 2006-19
CHL Mortgage Pass-Through Trust 2006-20
CHL Mortgage Pass-Through Trust 2006-21
CHL Mortgage Pass-Through Trust 2006-OA4
Citigroup Mortgage Loan Trust 2006-HE3
Citigroup Mortgage Loan Trust 2007-AHL2, Asset-Backed Pass-Through Certificates, Series 2007-AHL2
Citigroup Mortgage Loan Trust 2007-AMC1
Citigroup Mortgage Loan Trust 2007-AMC2
Countrywide Home Loan Trust 2003-SD2
Countrywide Home Loan Trust 2003-SD3
Countrywide Home Loan Trust 2004-SD1
Countrywide Home Loan Trust 2004-SD2
CSFB Adjustable Rate Mortgage Trust 2005-10
CSFB Adjustable Rate Mortgage Trust 2005-11
CSFB Adjustable Rate Mortgage Trust 2005-3
CSFB Adjustable Rate Mortgage Trust 2005-6A
CSFB Adjustable Rate Mortgage Trust 2005-7
CSFB Adjustable Rate Mortgage Trust 2005-8
CSFB Adjustable Rate Mortgage Trust 2005-9
CSFB Adjustable Rate Mortgage Trust 2006-3
CSFB Adjustable Rate Mortgage Trust 2007-1
CSFB Home Equity Mortgage Trust 2005-5
CSFB Home Equity Mortgage Trust 2006-1
CSFB Mortgage-Backed Pass-Through Certificates, Series 2003-AR18
CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-1
CSMC Mortgage-Backed Trust Series 2006-2
CSMC Mortgage-Backed Trust Series 2006-3
CSMC Mortgage-Backed Trust Series 2006-4
CSMC Mortgage-Backed Trust Series 2006-5
CSMC Mortgage-Backed Trust Series 2006-7
CWABS Asset-Backed Certificates Trust 2004-10
CWABS Asset-Backed Certificates Trust 2004-12
CWABS Asset-Backed Certificates Trust 2004-13
CWABS Asset-Backed Certificates Trust 2004-14
CWABS Asset-Backed Certificates Trust 2004-15
CWABS Asset-Backed Certificates Trust 2004-AB1
CWABS Asset-Backed Certificates Trust 2004-AB2
CWABS Asset-Backed Certificates Trust 2005-1
CWABS Asset-Backed Certificates Trust 2005-10
CWABS Asset-Backed Certificates Trust 2005-11
CWABS Asset-Backed Certificates Trust 2005-12
CWABS Asset-Backed Certificates Trust 2005-13
CWABS Asset-Backed Certificates Trust 2005-14
CWABS Asset-Backed Certificates Trust 2005-15
CWABS Asset-Backed Certificates Trust 2005-16
CWABS Asset-Backed Certificates Trust 2005-17
CWABS Asset-Backed Certificates Trust 2005-2
CWABS Asset-Backed Certificates Trust 2005-3
CWABS Asset-Backed Certificates Trust 2005-4
CWABS Asset-Backed Certificates Trust 2005-5
CWABS Asset-Backed Certificates Trust 2005-6
CWABS Asset-Backed Certificates Trust 2005-7
CWABS Asset-Backed Certificates Trust 2005-8
CWABS Asset-Backed Certificates Trust 2005-AB1
CWABS Asset-Backed Certificates Trust 2005-AB2
CWABS Asset-Backed Certificates Trust 2005-AB3
CWABS Asset-Backed Certificates Trust 2005-AB4
CWABS Asset-Backed Certificates Trust 2005-AB5
CWABS Asset-Backed Certificates Trust 2005-BC1
CWABS Asset-Backed Certificates Trust 2005-BC2
CWABS Asset-Backed Certificates Trust 2005-BC4
CWABS Asset-Backed Certificates Trust 2005-BC5
CWABS Asset-Backed Certificates Trust 2005-IM2
CWABS Asset-Backed Certificates Trust 2005-IM3
CWABS Asset-Backed Certificates Trust 2006-1
CWABS Asset-Backed Certificates Trust 2006-10
CWABS Asset-Backed Certificates Trust 2006-11
CWABS Asset-Backed Certificates Trust 2006-12
CWABS Asset-Backed Certificates Trust 2006-13
CWABS Asset-Backed Certificates Trust 2006-14
CWABS Asset-Backed Certificates Trust 2006-15
CWABS Asset-Backed Certificates Trust 2006-2
CWABS Asset-Backed Certificates Trust 2006-22
CWABS Asset-Backed Certificates Trust 2006-23
CWABS Asset-Backed Certificates Trust 2006-24
CWABS Asset-Backed Certificates Trust 2006-25
CWABS Asset-Backed Certificates Trust 2006-26
CWABS Asset-Backed Certificates Trust 2006-3
CWABS Asset-Backed Certificates Trust 2006-4
CWABS Asset-Backed Certificates Trust 2006-5
CWABS Asset-Backed Certificates Trust 2006-6
CWABS Asset-Backed Certificates Trust 2006-7
CWABS Asset-Backed Certificates Trust 2006-8
CWABS Asset-Backed Certificates Trust 2006-9
CWABS Asset-Backed Certificates Trust 2006-ABC1
CWABS Asset-Backed Certificates Trust 2006-BC1
CWABS Asset-Backed Certificates Trust 2006-BC2
CWABS Asset-Backed Certificates Trust 2006-BC3
CWABS Asset-Backed Certificates Trust 2006-BC4
CWABS Asset-Backed Certificates Trust 2006-BC5
CWABS Asset-Backed Certificates Trust 2006-IM1
CWABS Asset-Backed Certificates Trust 2006-QH2
CWABS Asset-Backed Certificates Trust 2006-SPS1
CWABS Asset-Backed Certificates Trust 2006-SPS2
CWABS Asset-Backed Certificates Trust 2007-2
CWABS Asset-Backed Certificates Trust 2007-3
CWABS Asset-Backed Certificates Trust 2007-4
CWABS Asset-Backed Certificates Trust 2007-5
CWABS Asset-Backed Certificates Trust 2007-7
CWABS Asset-Backed Certificates Trust 2007-8
CWABS Asset-Backed Certificates Trust 2007-9
CWABS Asset-Backed Certificates Trust 2007-QH1
CWABS Asset-Backed Certificates Trust 2007-QH2
CWABS Asset-Backed Certificates Trust 2007-QX1
CWABS Asset-Backed Notes Trust 2005-SD3
CWABS Inc., Asset-Backed Certificates, Series 2002-BC1
CWABS, Inc. Asset-Backed Certificates, Series 2002-1
CWABS, Inc. Asset-Backed Certificates, Series 2001-BC3
CWABS, Inc. Asset-Backed Certificates, Series 2002-2
CWABS, Inc. Asset-Backed Certificates, Series 2002-3
CWABS, Inc. Asset-Backed Certificates, Series 2002-4
CWABS, Inc. Asset-Backed Certificates, Series 2002-5
CWABS, Inc. Asset-Backed Certificates, Series 2002-6
CWABS, Inc. Asset-Backed Certificates, Series 2002-S1
CWABS, Inc. Asset-Backed Certificates, Series 2002-S2
CWABS, Inc. Asset-Backed Certificates, Series 2003-1
CWABS, Inc. Asset-Backed Certificates, Series 2003-2
CWABS, Inc. Asset-Backed Certificates, Series 2003-3
CWABS, Inc. Asset-Backed Certificates, Series 2003-4
CWABS, Inc. Asset-Backed Certificates, Series 2003-5
CWABS, Inc. Asset-Backed Certificates, Series 2003-S2
CWABS, Inc. Asset-Backed Certificates, Series 2004-1
CWABS, Inc. Asset-Backed Certificates, Series 2004-2
CWABS, Inc. Asset-Backed Certificates, Series 2004-3
CWABS, Inc. Asset-Backed Certificates, Series 2004-4
CWABS, Inc. Asset-Backed Certificates, Series 2004-5
CWABS, Inc. Asset-Backed Certificates, Series 2004-6
CWABS, Inc. Asset-Backed Certificates, Series 2004-7
CWABS, Inc. Asset-Backed Certificates, Series 2004-9
CWABS, Inc. Asset-Backed Certificates, Series 2004-S1
CWABS, Inc., Asset-Backed Certificates, Series 2003-BC1
CWABS, Inc., Asset-Backed Certificates, Series 2002-BC2
CWABS, Inc., Asset-Backed Certificates, Series 2002-BC3
CWABS, Inc., Asset-Backed Certificates, Series 2002-SC1
CWABS, Inc., Asset-Backed Certificates, Series 2003-BC2
CWABS, Inc., Asset-Backed Certificates, Series 2003-BC4
CWABS, Inc., Asset-Backed Certificates, Series 2003-BC6
CWABS, INC., Asset-Backed Certificates, Series 2003-S1
CWABS, Inc., Asset-Backed Certificates, Series 2003-SC1
CWABS, Inc., Asset-Backed Certificates, Series 2004-BC1
CWABS, Inc., Asset-Backed Certificates, Series 2004-BC2
CWABS, Inc., Asset-Backed Certificates, Series 2004-BC3
CWABS, Inc., Asset-Backed Certificates, Series 2004-BC5
CWABS, Inc., Asset-Backed Certificates, Series 2004-ECC1
CWABS, Inc., Asset-Backed Certificates, Series 2004-ECC2
CWABS, Inc., Asset-Backed Pass-Through Certificates, Series 2002-S3
CWABS, Inc., Asset-Backed Pass-Through Certificates, Series 2002-S4
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2005-IM1
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC1
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC10
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC11
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC2
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC3
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC4
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC5
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC6
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC7
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC8
CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC9
CWHEQ Home Equity Loan Trust, Series 2006-S1
CWHEQ Home Equity Loan Trust, Series 2006-S10
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
CWHEQ Home Equity Loan Trust, Series 2007-S2
CWHEQ Home Equity Loan Trust, Series 2007-S3
CWHEQ Revolving Home Equity Loan Trust, 2007-B
CWHEQ Revolving Home Equity Loan Trust, 2007-C
CWHEQ Revolving Home Equity Loan Trust, 2007-D
CWHEQ Revolving Home Equity Loan Trust, 2007-E
CWHEQ Revolving Home Equity Loan Trust, 2007-G
CWHEQ Revolving Home Equity Loan Trust, Series 2005-A
CWHEQ Revolving Home Equity Loan Trust, Series 2005-B
CWHEQ Revolving Home Equity Loan Trust, Series 2005-C
CWHEQ Revolving Home Equity Loan Trust, Series 2005-D
CWHEQ Revolving Home Equity Loan Trust, Series 2005-E
CWHEQ Revolving Home Equity Loan Trust, Series 2005-F
CWHEQ Revolving Home Equity Loan Trust, Series 2005-G
CWHEQ Revolving Home Equity Loan Trust, Series 2005-H
CWHEQ Revolving Home Equity Loan Trust, Series 2005-I
CWHEQ Revolving Home Equity Loan Trust, Series 2005-J
CWHEQ Revolving Home Equity Loan Trust, Series 2005-K
CWHEQ Revolving Home Equity Loan Trust, Series 2005-L
CWHEQ Revolving Home Equity Loan Trust, Series 2005-M
CWHEQ Revolving Home Equity Loan Trust, Series 2006-A
CWHEQ Revolving Home Equity Loan Trust, Series 2006-B
CWHEQ Revolving Home Equity Loan Trust, Series 2006-C
CWHEQ Revolving Home Equity Loan Trust, Series 2006-D
CWHEQ Revolving Home Equity Loan Trust, Series 2006-E
CWHEQ Revolving Home Equity Loan Trust, Series 2006-F
CWHEQ Revolving Home Equity Loan Trust, Series 2006-G
CWHEQ Revolving Home Equity Loan Trust, Series 2006-H
CWHEQ Revolving Home Equity Loan Trust, Series 2006-I
CWHEQ Revolving Home Equity Loan Trust, Series 2007-A
CWMBS Reperforming Loan REMIC Trust Certificates, Series 2004-R1
CWMBS Reperforming Loan REMIC Trust Certificates, Series 2004-R2
CWMBS Reperforming Loan REMIC Trust Certificates, Series 2005-R1
CWMBS Reperforming Loan REMIC Trust Certificates, Series 2005-R2
CWMBS Reperforming Loan REMIC Trust Certificates, Series 2005-R3
CWMBS Reperforming Loan REMIC Trust Certificates, Series 2006-R1
CWMBS Reperforming Loan REMIC Trust Certificates, Series 2006-R2
CWMBS, Inc. Alternative Loan Trust 2002-13
Ellington Loan Acquisition Trust 2007-1
First Franklin Mortgage Loan Trust 2004-FF11
First Franklin Mortgage Loan Trust 2005-FF4
First Franklin Mortgage Loan Trust 2005-FFH3
First Franklin Mortgage Loan Trust 2005-FFH4
First Franklin Mortgage Loan Trust 2006-FF16
First Franklin Mortgage Loan Trust 2006-FF8
First Franklin Mortgage Loan Trust 2006-FFH1
GSR Mortgage Loan Trust 2004-9
HarborView Mortgage Loan Trust 2005-1
HarborView Mortgage Loan Trust 2005-10
HarborView Mortgage Loan Trust 2005-2
HarborView Mortgage Loan Trust 2005-3
HarborView Mortgage Loan Trust 2005-8
HarborView Mortgage Loan Trust 2006-1
HarborView Mortgage Loan Trust 2006-3
Home Equity Mortgage Trust 2005-1
Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2006-3
Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2006-5
Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2007-1
J.P. Morgan Alternative Loan Trust 2006-A2
J.P. Morgan Alternative Loan Trust 2006-A5
J.P. Morgan Alternative Loan Trust 2006-S3
J.P. Morgan Mortgage Trust 2006-S3
MASTR Adjustable Rate Mortgages Trust 2004-3
MASTR Adjustable Rate Mortgages Trust 2004-5
MASTR Adjustable Rate Mortgages Trust 2004-8
MASTR Adjustable Rate Mortgages Trust 2004-9
MASTR Adjustable Rate Mortgages Trust 2005-1
MASTR Adjustable Rate Mortgages Trust 2005-3
MASTR Alternative Loan Trust 2004-4
MASTR Alternative Loan Trust 2005-5
MASTR Alternative Loan Trust 2005-6
MASTR Asset Securitization Trust 2003-10
MASTR Asset Securitization Trust 2004-1
MASTR Asset Securitization Trust 2005-2
Morgan Stanley ABS Capital I Inc. Trust 2003-NC10
Morgan Stanley ABS Capital I Inc. Trust 2003-SD1
Morgan Stanley ABS Capital I Inc. Trust 2004-HE4
Morgan Stanley ABS Capital I Inc. Trust 2004-HE5
Morgan Stanley ABS Capital I Inc. Trust 2004-HE6
Morgan Stanley ABS Capital I Inc. Trust 2004-HE7
Morgan Stanley ABS Capital I Inc. Trust 2004-HE8
Morgan Stanley ABS Capital I Inc. Trust 2004-HE9
Morgan Stanley ABS Capital I Inc. Trust 2004-NC2
Morgan Stanley ABS Capital I Inc. Trust 2004-NC3
Morgan Stanley ABS Capital I Inc. Trust 2004-NC5
Morgan Stanley ABS Capital I Inc. Trust 2004-NC8
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 2004-WMC3
Morgan Stanley ABS Capital I Inc. Trust 2005-HE1
Morgan Stanley ABS Capital I Inc. Trust 2005-HE2
Morgan Stanley ABS Capital I Inc. Trust 2005-HE3
Morgan Stanley ABS Capital I Inc. Trust 2005-HE4
Morgan Stanley ABS Capital I Inc. Trust 2005-NC2
Morgan Stanley ABS Capital I Inc. Trust 2005-WMC1
Morgan Stanley ABS Capital I Inc. Trust 2005-WMC2
Morgan Stanley ABS Capital I Inc. Trust 2005-WMC3
Morgan Stanley ABS Capital I Inc. Trust 2005-WMC4
Morgan Stanley Home Equity Loan Trust 2005-2
Morgan Stanley Mortgage Loan Trust 2005-5AR
Nomura Home Equity Loan Trust 2005-FM1
Nomura Home Equity Loan Trust 2005-HE1
Reperforming Loan REMIC Trust 2003-R4
Salomon Brothers Mortgage Securities VII, Inc. Union Planters Mortgage Loan Trust 2003-UP1
SASCO Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2001-BC5
SBMS VII 1997-HUD2
Securitized Asset Backed Receivables LLC Trust 2004-DO1
Securitized Asset Backed Receivables LLC Trust 2004-DO2
Securitized Asset Backed Receivables LLC Trust 2005-EC1
Securitized Asset Backed Receivables LLC Trust 2005-FR3
Securitized Asset Backed Receivables LLC Trust 2005-FR4
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 2004-4
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 2007-2, Mortgage Pass-Through Certificates, Series 2007-2
Soundview Home Loan Trust 2005-4
Soundview Home Loan Trust 2005-A
Soundview Home Loan Trust 2005-B
Soundview Home Loan Trust 2005-DO1
Structured Asset Mortgage Investments II Trust 2003-AR4
Structured Asset Mortgage Investments II Trust 2005-AR7
Structured Asset Mortgage Investments II Trust 2005-AR8
Structured Asset Mortgage Investments II Trust 2006-AR4
Structured Asset Securities Corp. 2005-RF3
Structured Asset Securities Corporation Mortgage Loan Trust 2004-NP1
Structured Asset Securities Corporation Mortgage Loan Trust 2004-NP2
Terwin Mortgage Trust 2004-18SL
Terwin Mortgage Trust 2005-11
Terwin Mortgage Trust, Series TMTS 2004-1HE
Terwin Mortgage Trust, Series TMTS 2004-3HE
Terwin Mortgage Trust, Series TMTS 2004-5HE
WaMu Mortgage Pass-Through Certificates, WMALT Series 2006-AR1 Trust
WaMu Mortgage Pass-Through Certificates, WMALT Series 2007-OA4 Trust
Announcement:

Moody's determines no negative rating impact on 350 US RMBS transactions following Bank of America, N.A.'s downgrade

06 Mar 2013

New York, March 06, 2013 -- Moody's has determined that the proposed action (the "Proposal") by the servicer, Bank of America, N.A. , (the "Bank"), if implemented, will not, in and of itself and at this time, result in a downgrade or withdrawal of the current ratings of the notes (the "Notes") issued by the affected transactions listed below. Moody's opinion addresses only the credit impact of the Proposal, and Moody's is not expressing any opinion as to whether the Proposal has, or could have other, non-credit related effects that may have a detrimental impact on the interest of note holders and/or counterparties.

Moody's has assessed the Proposal, which can be summarized as follows:

The Bank, whose rating was downgraded in June 2012 to A3 and P2, has decided to continue to be the depository institution for the eligible accounts for the below listed transactions. Moody's has assessed the probability and impact of a default of the Bank on the ability of the issuer to meet its obligations under the transaction, including the impact of the loss of any cash held by the Bank should it default and any loss that may be incurred after that time due to any delay in redirecting payments to a new account or taking any other appropriate action.

The principal methodologies used in the monitoring of these transactions are described in the following publications: "Pre-2005 US RMBS Surveillance Methodology" published in January 2012, "2005 -- 2008 US RMBS Surveillance Methodology" published July 15, 2011. Also relevant is the Rating Implementation Guidance: "The Temporary Use of Cash In Structured Transactions: Eligible Investment Guidelines" published on December 9, 2008. Each of which can be found at www.mooodys.com in the Rating Methodologies sub-directory under the Research & Ratings tab.

Moody's noted that on 2 July 2012, it released a Request for Comment, in which the rating agency has requested market feedback on potential changes to its rating implementation guidance for the temporary use of cash in structured finance transactions. If the revised rating implementation guidance is implemented as proposed, the rating on the notes should not be negatively affected. Please refer to Moody's Request for Comment, entitled "The Temporary Use of Cash in Structured Finance Transactions: Eligible Investment and Bank Guidelines: Request for Comment" for further details regarding the implications of the proposed methodology changes on Moody's ratings.

Consistent with Moody's policy for the issuance of RACs, this opinion is not a statement of consent to or approval of the Proposal. See "Moody's Clarifies Policy for the Issuance of RACs", published as a Special Comment in March 2010.

Moody's will continue to monitor the ratings. Any change in the ratings will be publicly disseminated by Moody's through appropriate media.

Affected transactions:

ACE Securities Corp. HEL Tr 2007-HE4

ACE Securities Corp. Home Equity Loan Trust, Series 2005-HE4

ACE Securities Corp. Home Equity Loan Trust, Series 2006-FM2

ACE Securities Corp. Home Equity Loan Trust, Series 2006-NC2

ACE Securities Corp. Home Equity Loan Trust, Series 2006-NC3

ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE2

ACE Securities Corp. Home Equity Loan Trust, Series 2007-WM1

Bear Stearns ALT-A Trust 2004-11

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 2005-2

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 Trust 2006-4

Bear Stearns Alt-A Trust 2006-5

Bear Stearns Alt-A Trust 2006-6

Bear Stearns Alt-A Trust 2006-8

Bear Stearns ARM Trust 2003-3

Bear Stearns ARM Trust 2003-8

Bear Stearns ARM Trust 2004-1

Bear Stearns ARM Trust 2004-10

Bear Stearns ARM Trust 2004-12

Bear Stearns ARM Trust 2004-6

Bear Stearns ARM Trust 2005-1

Bear Stearns ARM Trust 2005-4

Bear Stearns ARM Trust 2005-6

Bear Stearns ARM Trust 2005-7

Bella Vista Mortgage Trust 2004-1

Bella Vista Mortgage Trust 2004-2

Bella Vista Mortgage Trust 2005-1

Bella Vista Mortgage Trust 2005-2

CHL Mortgage Pass-Through Trust 2002-37

CHL Mortgage Pass-Through Trust 2006-17

CHL Mortgage Pass-Through Trust 2006-18

CHL Mortgage Pass-Through Trust 2006-19

CHL Mortgage Pass-Through Trust 2006-20

CHL Mortgage Pass-Through Trust 2006-21

CHL Mortgage Pass-Through Trust 2006-OA4

Citigroup Mortgage Loan Trust 2006-HE3

Citigroup Mortgage Loan Trust 2007-AHL2, Asset-Backed Pass-Through Certificates, Series 2007-AHL2

Citigroup Mortgage Loan Trust 2007-AMC1

Citigroup Mortgage Loan Trust 2007-AMC2

Countrywide Home Loan Trust 2003-SD2

Countrywide Home Loan Trust 2003-SD3

Countrywide Home Loan Trust 2004-SD1

Countrywide Home Loan Trust 2004-SD2

CSFB Adjustable Rate Mortgage Trust 2005-10

CSFB Adjustable Rate Mortgage Trust 2005-11

CSFB Adjustable Rate Mortgage Trust 2005-3

CSFB Adjustable Rate Mortgage Trust 2005-6A

CSFB Adjustable Rate Mortgage Trust 2005-7

CSFB Adjustable Rate Mortgage Trust 2005-8

CSFB Adjustable Rate Mortgage Trust 2005-9

CSFB Adjustable Rate Mortgage Trust 2006-3

CSFB Adjustable Rate Mortgage Trust 2007-1

CSFB Home Equity Mortgage Trust 2005-5

CSFB Home Equity Mortgage Trust 2006-1

CSFB Mortgage-Backed Pass-Through Certificates, Series 2003-AR18

CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-1

CSMC Mortgage-Backed Trust Series 2006-2

CSMC Mortgage-Backed Trust Series 2006-3

CSMC Mortgage-Backed Trust Series 2006-4

CSMC Mortgage-Backed Trust Series 2006-5

CSMC Mortgage-Backed Trust Series 2006-7

CWABS Asset-Backed Certificates Trust 2004-10

CWABS Asset-Backed Certificates Trust 2004-12

CWABS Asset-Backed Certificates Trust 2004-13

CWABS Asset-Backed Certificates Trust 2004-14

CWABS Asset-Backed Certificates Trust 2004-15

CWABS Asset-Backed Certificates Trust 2004-AB1

CWABS Asset-Backed Certificates Trust 2004-AB2

CWABS Asset-Backed Certificates Trust 2005-1

CWABS Asset-Backed Certificates Trust 2005-10

CWABS Asset-Backed Certificates Trust 2005-11

CWABS Asset-Backed Certificates Trust 2005-12

CWABS Asset-Backed Certificates Trust 2005-13

CWABS Asset-Backed Certificates Trust 2005-14

CWABS Asset-Backed Certificates Trust 2005-15

CWABS Asset-Backed Certificates Trust 2005-16

CWABS Asset-Backed Certificates Trust 2005-17

CWABS Asset-Backed Certificates Trust 2005-2

CWABS Asset-Backed Certificates Trust 2005-3

CWABS Asset-Backed Certificates Trust 2005-4

CWABS Asset-Backed Certificates Trust 2005-5

CWABS Asset-Backed Certificates Trust 2005-6

CWABS Asset-Backed Certificates Trust 2005-7

CWABS Asset-Backed Certificates Trust 2005-8

CWABS Asset-Backed Certificates Trust 2005-AB1

CWABS Asset-Backed Certificates Trust 2005-AB2

CWABS Asset-Backed Certificates Trust 2005-AB3

CWABS Asset-Backed Certificates Trust 2005-AB4

CWABS Asset-Backed Certificates Trust 2005-AB5

CWABS Asset-Backed Certificates Trust 2005-BC1

CWABS Asset-Backed Certificates Trust 2005-BC2

CWABS Asset-Backed Certificates Trust 2005-BC4

CWABS Asset-Backed Certificates Trust 2005-BC5

CWABS Asset-Backed Certificates Trust 2005-IM2

CWABS Asset-Backed Certificates Trust 2005-IM3

CWABS Asset-Backed Certificates Trust 2006-1

CWABS Asset-Backed Certificates Trust 2006-10

CWABS Asset-Backed Certificates Trust 2006-11

CWABS Asset-Backed Certificates Trust 2006-12

CWABS Asset-Backed Certificates Trust 2006-13

CWABS Asset-Backed Certificates Trust 2006-14

CWABS Asset-Backed Certificates Trust 2006-15

CWABS Asset-Backed Certificates Trust 2006-2

CWABS Asset-Backed Certificates Trust 2006-22

CWABS Asset-Backed Certificates Trust 2006-23

CWABS Asset-Backed Certificates Trust 2006-24

CWABS Asset-Backed Certificates Trust 2006-25

CWABS Asset-Backed Certificates Trust 2006-26

CWABS Asset-Backed Certificates Trust 2006-3

CWABS Asset-Backed Certificates Trust 2006-4

CWABS Asset-Backed Certificates Trust 2006-5

CWABS Asset-Backed Certificates Trust 2006-6

CWABS Asset-Backed Certificates Trust 2006-7

CWABS Asset-Backed Certificates Trust 2006-8

CWABS Asset-Backed Certificates Trust 2006-9

CWABS Asset-Backed Certificates Trust 2006-ABC1

CWABS Asset-Backed Certificates Trust 2006-BC1

CWABS Asset-Backed Certificates Trust 2006-BC2

CWABS Asset-Backed Certificates Trust 2006-BC3

CWABS Asset-Backed Certificates Trust 2006-BC4

CWABS Asset-Backed Certificates Trust 2006-BC5

CWABS Asset-Backed Certificates Trust 2006-IM1

CWABS Asset-Backed Certificates Trust 2006-QH2

CWABS Asset-Backed Certificates Trust 2006-SPS1

CWABS Asset-Backed Certificates Trust 2006-SPS2

CWABS Asset-Backed Certificates Trust 2007-2

CWABS Asset-Backed Certificates Trust 2007-3

CWABS Asset-Backed Certificates Trust 2007-4

CWABS Asset-Backed Certificates Trust 2007-5

CWABS Asset-Backed Certificates Trust 2007-7

CWABS Asset-Backed Certificates Trust 2007-8

CWABS Asset-Backed Certificates Trust 2007-9

CWABS Asset-Backed Certificates Trust 2007-QH1

CWABS Asset-Backed Certificates Trust 2007-QH2

CWABS Asset-Backed Certificates Trust 2007-QX1

CWABS Asset-Backed Notes Trust 2005-SD3

CWABS Inc., Asset-Backed Certificates, Series 2002-BC1

CWABS, Inc. Asset-Backed Certificates, Series 2002-1

CWABS, Inc. Asset-Backed Certificates, Series 2001-BC3

CWABS, Inc. Asset-Backed Certificates, Series 2002-2

CWABS, Inc. Asset-Backed Certificates, Series 2002-3

CWABS, Inc. Asset-Backed Certificates, Series 2002-4

CWABS, Inc. Asset-Backed Certificates, Series 2002-5

CWABS, Inc. Asset-Backed Certificates, Series 2002-6

CWABS, Inc. Asset-Backed Certificates, Series 2002-S1

CWABS, Inc. Asset-Backed Certificates, Series 2002-S2

CWABS, Inc. Asset-Backed Certificates, Series 2003-1

CWABS, Inc. Asset-Backed Certificates, Series 2003-2

CWABS, Inc. Asset-Backed Certificates, Series 2003-3

CWABS, Inc. Asset-Backed Certificates, Series 2003-4

CWABS, Inc. Asset-Backed Certificates, Series 2003-5

CWABS, Inc. Asset-Backed Certificates, Series 2003-S2

CWABS, Inc. Asset-Backed Certificates, Series 2004-1

CWABS, Inc. Asset-Backed Certificates, Series 2004-2

CWABS, Inc. Asset-Backed Certificates, Series 2004-3

CWABS, Inc. Asset-Backed Certificates, Series 2004-4

CWABS, Inc. Asset-Backed Certificates, Series 2004-5

CWABS, Inc. Asset-Backed Certificates, Series 2004-6

CWABS, Inc. Asset-Backed Certificates, Series 2004-7

CWABS, Inc. Asset-Backed Certificates, Series 2004-9

CWABS, Inc. Asset-Backed Certificates, Series 2004-S1

CWABS, Inc., Asset-Backed Certificates, Series 2003-BC1

CWABS, Inc., Asset-Backed Certificates, Series 2002-BC2

CWABS, Inc., Asset-Backed Certificates, Series 2002-BC3

CWABS, Inc., Asset-Backed Certificates, Series 2002-SC1

CWABS, Inc., Asset-Backed Certificates, Series 2003-BC2

CWABS, Inc., Asset-Backed Certificates, Series 2003-BC4

CWABS, Inc., Asset-Backed Certificates, Series 2003-BC6

CWABS, INC., Asset-Backed Certificates, Series 2003-S1

CWABS, Inc., Asset-Backed Certificates, Series 2003-SC1

CWABS, Inc., Asset-Backed Certificates, Series 2004-BC1

CWABS, Inc., Asset-Backed Certificates, Series 2004-BC2

CWABS, Inc., Asset-Backed Certificates, Series 2004-BC3

CWABS, Inc., Asset-Backed Certificates, Series 2004-BC5

CWABS, Inc., Asset-Backed Certificates, Series 2004-ECC1

CWABS, Inc., Asset-Backed Certificates, Series 2004-ECC2

CWABS, Inc., Asset-Backed Pass-Through Certificates, Series 2002-S3

CWABS, Inc., Asset-Backed Pass-Through Certificates, Series 2002-S4

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2005-IM1

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC1

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC10

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC11

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC2

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC3

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC4

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC5

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC6

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC7

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC8

CWALT, Inc. Mortgage Pass-Through Certificates, Series 2006-OC9

CWHEQ Home Equity Loan Trust, Series 2006-S1

CWHEQ Home Equity Loan Trust, Series 2006-S10

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

CWHEQ Home Equity Loan Trust, Series 2007-S2

CWHEQ Home Equity Loan Trust, Series 2007-S3

CWHEQ Revolving Home Equity Loan Trust, 2007-B

CWHEQ Revolving Home Equity Loan Trust, 2007-C

CWHEQ Revolving Home Equity Loan Trust, 2007-D

CWHEQ Revolving Home Equity Loan Trust, 2007-E

CWHEQ Revolving Home Equity Loan Trust, 2007-G

CWHEQ Revolving Home Equity Loan Trust, Series 2005-A

CWHEQ Revolving Home Equity Loan Trust, Series 2005-B

CWHEQ Revolving Home Equity Loan Trust, Series 2005-C

CWHEQ Revolving Home Equity Loan Trust, Series 2005-D

CWHEQ Revolving Home Equity Loan Trust, Series 2005-E

CWHEQ Revolving Home Equity Loan Trust, Series 2005-F

CWHEQ Revolving Home Equity Loan Trust, Series 2005-G

CWHEQ Revolving Home Equity Loan Trust, Series 2005-H

CWHEQ Revolving Home Equity Loan Trust, Series 2005-I

CWHEQ Revolving Home Equity Loan Trust, Series 2005-J

CWHEQ Revolving Home Equity Loan Trust, Series 2005-K

CWHEQ Revolving Home Equity Loan Trust, Series 2005-L

CWHEQ Revolving Home Equity Loan Trust, Series 2005-M

CWHEQ Revolving Home Equity Loan Trust, Series 2006-A

CWHEQ Revolving Home Equity Loan Trust, Series 2006-B

CWHEQ Revolving Home Equity Loan Trust, Series 2006-C

CWHEQ Revolving Home Equity Loan Trust, Series 2006-D

CWHEQ Revolving Home Equity Loan Trust, Series 2006-E

CWHEQ Revolving Home Equity Loan Trust, Series 2006-F

CWHEQ Revolving Home Equity Loan Trust, Series 2006-G

CWHEQ Revolving Home Equity Loan Trust, Series 2006-H

CWHEQ Revolving Home Equity Loan Trust, Series 2006-I

CWHEQ Revolving Home Equity Loan Trust, Series 2007-A

CWMBS Reperforming Loan REMIC Trust Certificates, Series 2004-R1

CWMBS Reperforming Loan REMIC Trust Certificates, Series 2004-R2

CWMBS Reperforming Loan REMIC Trust Certificates, Series 2005-R1

CWMBS Reperforming Loan REMIC Trust Certificates, Series 2005-R2

CWMBS Reperforming Loan REMIC Trust Certificates, Series 2005-R3

CWMBS Reperforming Loan REMIC Trust Certificates, Series 2006-R1

CWMBS Reperforming Loan REMIC Trust Certificates, Series 2006-R2

CWMBS, Inc. Alternative Loan Trust 2002-13

Ellington Loan Acquisition Trust 2007-1

First Franklin Mortgage Loan Trust 2004-FF11

First Franklin Mortgage Loan Trust 2005-FF4

First Franklin Mortgage Loan Trust 2005-FFH3

First Franklin Mortgage Loan Trust 2005-FFH4

First Franklin Mortgage Loan Trust 2006-FF16

First Franklin Mortgage Loan Trust 2006-FF8

First Franklin Mortgage Loan Trust 2006-FFH1

GSR Mortgage Loan Trust 2004-9

HarborView Mortgage Loan Trust 2005-1

HarborView Mortgage Loan Trust 2005-10

HarborView Mortgage Loan Trust 2005-2

HarborView Mortgage Loan Trust 2005-3

HarborView Mortgage Loan Trust 2005-8

HarborView Mortgage Loan Trust 2006-1

HarborView Mortgage Loan Trust 2006-3

Home Equity Mortgage Trust 2005-1

Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2006-3

Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2006-5

Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2007-1

J.P. Morgan Alternative Loan Trust 2006-A2

J.P. Morgan Alternative Loan Trust 2006-A5

J.P. Morgan Alternative Loan Trust 2006-S3

J.P. Morgan Mortgage Trust 2006-S3

MASTR Adjustable Rate Mortgages Trust 2004-3

MASTR Adjustable Rate Mortgages Trust 2004-5

MASTR Adjustable Rate Mortgages Trust 2004-8

MASTR Adjustable Rate Mortgages Trust 2004-9

MASTR Adjustable Rate Mortgages Trust 2005-1

MASTR Adjustable Rate Mortgages Trust 2005-3

MASTR Alternative Loan Trust 2004-4

MASTR Alternative Loan Trust 2005-5

MASTR Alternative Loan Trust 2005-6

MASTR Asset Securitization Trust 2003-10

MASTR Asset Securitization Trust 2004-1

MASTR Asset Securitization Trust 2005-2

Morgan Stanley ABS Capital I Inc. Trust 2003-NC10

Morgan Stanley ABS Capital I Inc. Trust 2003-SD1

Morgan Stanley ABS Capital I Inc. Trust 2004-HE4

Morgan Stanley ABS Capital I Inc. Trust 2004-HE5

Morgan Stanley ABS Capital I Inc. Trust 2004-HE6

Morgan Stanley ABS Capital I Inc. Trust 2004-HE7

Morgan Stanley ABS Capital I Inc. Trust 2004-HE8

Morgan Stanley ABS Capital I Inc. Trust 2004-HE9

Morgan Stanley ABS Capital I Inc. Trust 2004-NC2

Morgan Stanley ABS Capital I Inc. Trust 2004-NC3

Morgan Stanley ABS Capital I Inc. Trust 2004-NC5

Morgan Stanley ABS Capital I Inc. Trust 2004-NC8

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 2004-WMC3

Morgan Stanley ABS Capital I Inc. Trust 2005-HE1

Morgan Stanley ABS Capital I Inc. Trust 2005-HE2

Morgan Stanley ABS Capital I Inc. Trust 2005-HE3

Morgan Stanley ABS Capital I Inc. Trust 2005-HE4

Morgan Stanley ABS Capital I Inc. Trust 2005-NC2

Morgan Stanley ABS Capital I Inc. Trust 2005-WMC1

Morgan Stanley ABS Capital I Inc. Trust 2005-WMC2

Morgan Stanley ABS Capital I Inc. Trust 2005-WMC3

Morgan Stanley ABS Capital I Inc. Trust 2005-WMC4

Morgan Stanley Home Equity Loan Trust 2005-2

Morgan Stanley Mortgage Loan Trust 2005-5AR

Nomura Home Equity Loan Trust 2005-FM1

Nomura Home Equity Loan Trust 2005-HE1

Reperforming Loan REMIC Trust 2003-R4

Salomon Brothers Mortgage Securities VII, Inc. Union Planters Mortgage Loan Trust 2003-UP1

SASCO Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2001-BC5

SBMS VII 1997-HUD2

Securitized Asset Backed Receivables LLC Trust 2004-DO1

Securitized Asset Backed Receivables LLC Trust 2004-DO2

Securitized Asset Backed Receivables LLC Trust 2005-EC1

Securitized Asset Backed Receivables LLC Trust 2005-FR3

Securitized Asset Backed Receivables LLC Trust 2005-FR4

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 2004-4

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 2007-2, Mortgage Pass-Through Certificates, Series 2007-2

Soundview Home Loan Trust 2005-4

Soundview Home Loan Trust 2005-A

Soundview Home Loan Trust 2005-B

Soundview Home Loan Trust 2005-DO1

Structured Asset Mortgage Investments II Trust 2003-AR4

Structured Asset Mortgage Investments II Trust 2005-AR7

Structured Asset Mortgage Investments II Trust 2005-AR8

Structured Asset Mortgage Investments II Trust 2006-AR4

Structured Asset Securities Corp. 2005-RF3

Structured Asset Securities Corporation Mortgage Loan Trust 2004-NP1

Structured Asset Securities Corporation Mortgage Loan Trust 2004-NP2

Terwin Mortgage Trust 2004-18SL

Terwin Mortgage Trust 2005-11

Terwin Mortgage Trust, Series TMTS 2004-1HE

Terwin Mortgage Trust, Series TMTS 2004-3HE

Terwin Mortgage Trust, Series TMTS 2004-5HE

WaMu Mortgage Pass-Through Certificates, WMALT Series 2006-AR1 Trust

WaMu Mortgage Pass-Through Certificates, WMALT Series 2007-OA4 Trust

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

Kruti Muni
VP - Senior Credit Officer
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 determines no negative rating impact on 350 US RMBS transactions following Bank of America, N.A.'s downgrade
No Related Data.
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