Fitch Affirms 12 RMBS Classes from 2 CitiCorp Transactions

Business Wire, May 15, 2008

NEW YORK -- Fitch Ratings has affirmed the CitiCorp mortgage pass-through certificates listed below:

Series 2003-3;

--Class A at 'AAA';

--Class B-1 at 'AAA';

--Class B-2 at 'AAA';

--Class B-3 at 'AA';

--Class B-4 at 'A';

--Class B-5 at 'BB '.

Classes A-16 through A-20 have also been removed from Rating Watch Negative.

Series 2003-11;

--Class IA at 'AAA';

--Class IIA at AAA;

--Class B-1 at 'AA';

--Class B-2 at 'A';

--Class B-3 at 'BBB';

--Class B-4 at 'BB';

--Class B-5 at 'B'.

Class IIA-11 has also been removed from Rating Watch Negative.

The collateral on the aforementioned transactions consists of mixed term fixed-rated mortgages extended to prime borrowers. CitiMortgage and First Nationwide deposited 56% and 44% respectively of the loans in 2003-3. Citi Mortgage deposited all of the loans in 2003-11. CitiMortgage (rated 'RPS1' provided by Fitch) services all of the loans in both deals.

The following classes are wrapped by MBIA:

--Series 2003-3 class A-5, A-16, A-17, A-18, A-19, A-20;

--Series 2003-11 II-A-11.

For more information please refer to 'Fitch Moves to Underlying Ratings for MBIA-Insured Bonds' dated Apr. 4, 2008, available on the Fitch Ratings web site at www.fitchratings.com.

Further information regarding delinquencies, collateral attributes, and other statistical information are also available 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.