Fitch Affirms 10 RMBS Classes From 4 Compass Residential Mortgage Trust Issues

Business Wire, Nov 9, 2007

NEW YORK -- Fitch Ratings has affirmed the following classes from four Compass Residential Mortgage Trust issues:

Series 1998-1 Group 1

--Class A-1 affirmed at 'AAA'.

Series 1998-1 Group 2

--Class A-2 affirmed at 'AAA'.

Series 1999-1 Group 1

--Class A-1 affirmed at 'AAA'.

Series 1999-1 Group 2

--Class A-2 affirmed at 'AAA'.

Series 2000-1 Group 1

--Class A-1 affirmed at 'AAA'.

Series 2000-1 Group 2

--Class A-2 affirmed at 'AAA'.

Series 2000-2 Group 1

--Class 1A-1 affirmed at 'AA '.

Series 2000-2 Group 2

--Class 1A-2 affirmed at 'AAA'.

Series 2000-2 Group 3

--Class 2A-1 affirmed at 'AA '.

Series 2000-2 Group 4

--Class 2A-2 affirmed at 'AAA'.

The affirmations on the above classes reflect credit enhancement consistent with future loss expectations and affect approximately $106.23 million of certificates.

The credit enhancement levels for all the above classes have increased significantly from the original levels, and the collateral performance has been in line with Fitch's expectations. As of the October 2007 distribution date, the pools are seasoned from a range of 109 (Series 1998-1) to 82 months (Series 2000-2). The transactions have pool factors (current principal balance as a percentage of original) ranging from 2% (Series 1998-1 Group 1) to 16% (Series 2000-2 Group 1). Cumulative losses as a percent of the original collateral balance range from 0.05% (Series 2000-1 Group 2) to 0.69% (Series 2000-2 Group 1).

The underlying collateral for all the transactions consists of Alt-A quality fixed-rate and adjustable-rate mortgage loans secured by residential properties with original terms to maturity of 15 or 30 years. The mortgage loans are master serviced by Compass Bank, a subsidiary of Compass Bancshares.

Further information regarding current delinquency, loss, and credit enhancement statistics 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.