Fitch Affirms Regions Mortgage's 'RPS2-' Servicer Ratings

NEW YORK--(Business Wire)--
Fitch Ratings has affirmed Regions Mortgage's (Regions) U.S. residential
mortgage servicer ratings as follows:

--Primary servicer rating for Alt-A product at 'RPS2-';

--Primary servicer rating for Subprime product at 'RPS2-'.

These rating actions reflect Regions' experienced management team, effective
loan administration and default management practices and established training
programs. The ratings also reflect the financial strength of its parent, Regions
Financial Corporation, rated 'A-/F1', Outlook Negative by Fitch.

Headquartered in Birmingham, AL, Regions is a residential mortgage originator
and servicer with servicing sites in Memphis, TN, and Hattiesburg, MS. Regions
operates throughout the South, Midwest and Texas with its primary mortgage
business focusing on origination, marketing and servicing of residential
mortgage loans. Regions has serviced a broad array of residential mortgage loan
products for more than 19 years. As of March 31, 2009 Regions serviced more than
304,750 residential mortgage loans with an aggregate principal balance of $37.1
billion.

Fitch's review confirmed that Regions has the necessary management, training,
technology and controls necessary to service its portfolio. Fitch will continue
to monitor Regions' residential servicing platform and performance in the
current high delinquency environment.

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
Margaret Sweeney, 212-908-0712
Diane Pendley, 212-908-0777
or
Media Relations:
Sandro Scenga, 212-908-0278
Email: sandro.scenga@fitchratings.com

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