Fitch Affirms HomEq's Resi Servicer Ratings

NEW YORK--(Business Wire)--
Fitch Ratings affirms Barclays Capital Real Estate Inc. dba HomEq Servicing's
(HomEq) U.S. residential servicer ratings as follows:

--U.S. residential primary servicer rating for Alt-A product at 'RPS1';

--U.S. residential primary servicer rating for subprime product at 'RPS1';

--U.S. residential special servicing rating at 'RSS1.'

The ratings affirmations reflect the continued sound operational performance of
HomEq, while recognizing the many enhancements made over the prior year. Further
supporting the affirmations are HomEq's highly tenured and seasoned operating
team, its strong compliance and risk management culture, and its continued
investment in technologies and systems.

Barclays Bank PLC (long-term Issuer Default Rating of 'AA-' by Fitch), bought
HomEq via its Barclays Capital unit in November 2006. HomEq's two member
Operating Committee continues to provide strategic direction and day-to-day
management, while supported by its 12 member Management Committee which is
comprised of senior HomEq leaders. There has not been any turnover in senior
management over the prior year.

In an effort to address shifts in the RMBS market, HomEq has focused on
cross-training its staff to maximize efficiency, automating decisioning tools in
its default areas, and combining teams to achieve maximum economies of scale and
flexibility. Fitch believes that HomEq continues to be a proficient servicer
with reliable loan administration and default management processes, and will
continue to monitor HomEq's performance through this market.

Fitch rates residential mortgage primary, master, and special servicers on a
scale of 1 to 5, with 1 being the highest rating. Within some of these rating
levels, Fitch further differentiates ratings by plus (+) and minus (-) as well
as the flat rating. For more information on Fitch's residential servicer rating
program, please see Fitch's report 'Rating U.S. Residential Mortgage Servicers',
dated Nov. 29, 2006, which is available on the Fitch Ratings web site at
www.fitchratings.com.

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
Stephanie Whited, 562-481-1368
Shashi Srikantan, 212-908-0393
Diane Pendley, 212-908-0777
or
Media Relations:
Sandro Scenga, 212-908-0278
Email: sandro.scenga@fitchratings.com

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