Fitch Affirms 15 RMBS Classes from Armor MCP 2005-1

Business Wire, Nov 22, 2006

NEW YORK -- Fitch Ratings has affirmed the following mortgage pass-through certificates from ABN AMRO's Armor MCP 2005-1 L.P.:

--Class B-1 'AA+';

--Class B-2 'AA';

--Class B-3 'AA-';

--Class B-4 'A+';

--Class B-5 'A';

--Class B-6 'A-';

--Class B-7 'BBB+';

--Class B-8 'BBB';

--Class B-9 'BBB-';

--Class B-10 'BB+';

--Class B-11 'BB';

--Class B-12 'BB-';

--Class B-13 'B+';

--Class B-14 'B';

--Class B-15 'B-'.

The affirmations reflect stable relationships of credit enhancement (CE) to future expected losses, and affect approximately $1.33 billion in outstanding certificates.

The collateral on the aforementioned transactions primarily consists of jumbo, A-quality, first lien residential mortgages. As of the October 2006 distribution date, the pool factor is approximately 94%, and the transaction is 10 months seasoned. This portfolio consists of mortgage loans originated and serviced by ABN AMRO Mortgage Group, Inc. (rated 'RPS2+' by Fitch).

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.