Fitch Affirms 8 RMBS Ratings from 3 Greenpoint Manuf. Hsng Trusts

NEW YORK--(Business Wire)--Fitch Ratings has taken rating actions on the following Citigroup
Mortgage Securities Inc., Trust issues:

Series 1999-5:

--Class A-4 affirmed at 'AA';

--Class A-5 affirmed at 'A+';

--Class M-1A affirmed at 'B';

--Class M-1B affirmed at 'B';

--Class M-2 remains at 'C/DR5'.

Series 2000-1:

--Class A-3 affirmed at 'A-';

--Class A-4 affirmed at 'B';

--Class A-5 affirmed at 'B';

--Class M-1 remains at 'C/DR5;'

--Class M-2 revised to 'C/DR6' from 'C/DR5'.

Series 2000-3:

--Class I A affirmed at 'B';

--Class I M-1 remains at 'C/DR5'.

The affirmations, affecting approximately $325.1 million of the
outstanding certificates, reflect a stable relationship between credit
enhancement and expected loss. The collateral supporting the above
transactions consists of adjustable-rate and fixed-rate contracts
secured by manufactured homes. All of the contracts were either
originated or purchased by GreenPoint Credit, LLC (GreenPoint) and are
currently serviced by GreenTree, rated 'RPS3+' by Fitch.

Fitch makes a distinction in credit risk between the senior
classes by taking into account payment priority and time to pay off.
The classes within the senior tranches of the above series are paying
sequentially. Fitch deems those senior classes which are expected to
pay off sooner to be of lower credit risk than those senior classes
which will be outstanding for a longer period of time. Series 1999-5
currently has a pool factor (current mortgage loan principal
outstanding as a percentage of the initial pool) of 30% and is
seasoned 96 months. All classes, except for class B, which was written
down to $0 in July 2005 as a result of losses, have the benefit of a
letter of credit (LOC) provided by First Union National Bank to absorb
future losses. To date, the $32 million LOC has been drawn down by 38%
of its original value, or $12 million.

Series 2000-1 currently has a pool factor of 34% and is seasoned
92 months. Originally all classes had the benefit of an LOC provided
by GreenPoint, one supporting class B-2 and one supporting all other
classes. However, class B-2 was paid off in October 2002, the senior
LOC was drawn down to $0 in May 2003, and class B-1 was written down
to $0 in August 2004.

Series 2000-3 currently has a pool factor of 29% and is seasoned
90 months. Originally only class I B-2 had the benefit of an LOC
provided by GreenPoint and that class paid off in May 2003. Class I
B-1 was written down to $0 in November 2004. Fitch only rates
certificates in Group 1.

Fitch's Distressed Recovery (DR) ratings are designed to estimate
recoveries on a forward-looking basis while taking into account the
time value of money.

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, New York
Michele Patterson, +1-212-908-0779
Vincent Barberio, +1-212-908-0505
Media Relations:
Sandro Scenga, +1-212-908-0278

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