Fitch Affirms 6 Classes From First Union National Bank of North Carolina 1996-1

Business Wire, Jan 30, 2008

NEW YORK -- Fitch Ratings has affirmed First Union National Bank of North Carolina, series 1996-1, as follows:

--Class A at 'AAA';

--Class B-1 at 'AAA';

--Class B-2 at 'AAA';

--Class B-3 at 'AAA';

--Class B-4 at 'AAA';

--Class B-5 at 'AA'.

The affirmations on the above classes reflect deal performance consistent with expectations and affect approximately $947,000 of outstanding certificates. The deal has not experienced any losses since the date of issuance, and there are no loans in foreclosure or real estate owned (REO).

The mortgage pool, which has only 1% of the original collateral remaining, consists of prime quality, traditional, and hybrid fixed-rate mortgage loans secured by residential properties, which have original terms to maturity of 15 or 30 years. The transaction is seasoned 141 months.

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.