March 12, 2009, Ewing, NJ - A recent press release by Fitch Ratings, Inc. reported the withdrawal of Cenlar's Resi Servicer Ratings but failed to report that the reason for such action was Cenlar's decision to discontinue participation in this program. Cenlar had engaged both Standard & Poor's and Fitch for their Private Securitization Subservicing program. Because this business line has been impacted by market changes, Cenlar has determined that both rating services were no longer necessary so they have chosen to eliminate the cost of the additional review by Fitch and will continue to utilize Standard & Poor's as their Primary rating service. And, as a result, Cenlar will no longer supply Fitch with information to maintain the ratings.

         Prior reviews by both Rating Agencies have consistently confirmed that Cenlar has a strong and reputable servicing platform and is a fully qualified subservicer. Furthermore, it has been reported by both Agencies that the company's capable and experienced executive and servicing management teams, enhanced internal procedures and controls, and effective technology platform are contributing factors in Cenlar's success as a subservicer.

         Headquartered in Ewing, New Jersey, Cenlar FSB is a privately owned federally chartered wholesale bank specializing in mortgage and HELOC subservicing and is the leading subservicer in the country. Cenlar is committed to delivering quality professional service through its customized private label program to its client base. For more information about Cenlar, visit their website at www.cenlar.com.

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