Fitch Affirms $483.6MM From 2 Popular ABS Subprime Transactions

Series 2005-1

--$119.1 million class A affirmed at 'AAA' (BL: 61.02, LCR: 7.64);

--$44 million class M-1 affirmed at 'AA' (BL: 40.33, LCR: 5.05);

--$34.3 million class M-2 affirmed at 'A' (BL: 26.16, LCR: 3.28);

--$9.6 million class M-3 affirmed at 'A-' (BL: 23.03, LCR: 2.88);

--$9 million class M-4 affirmed at 'BBB+' (BL: 20.25, LCR: 2.54);

--$6.2 million class B-1 affirmed at 'BBB' (BL: 16.34, LCR: 2.05);

--$5 million class B-2 affirmed at 'BBB-' (BL: 17.13, LCR: 2.15);

--$6.2 million class B-3 affirmed at 'BB+' (BL: 18.84, LCR: 2.36);

--$2.5 million class B-4 affirmed at 'BB' (BL: 46.24, LCR: 5.79).

Deal Summary

--Originator: Equity One (100%);

--60+ day Delinquency: 12.01%;

--Realized Losses to date (% of Original Balance): 0.69%;

--Expected Remaining Losses (% of Current Balance): 7.98%;

--Cumulative Expected Losses (% of Original Balance): 3.97%.

Series 2005-2

--$146.6 million class A affirmed at 'AAA' (BL: 49.03, LCR: 6.85);

--$37.1 million class M-1 affirmed at 'AA' (BL: 34.57, LCR: 4.83);

--$27.5 million class M-2 affirmed at 'A' (BL: 23.97, LCR: 3.35);

--$4.7 million class M-3 affirmed at 'A-' (BL: 22.15, LCR: 3.1);

--$7.4 million class M-4 affirmed at 'BBB+' (BL: 19.35, LCR: 2.7);

--$4.2 million class M-5 affirmed at 'BBB' (BL: 17.81, LCR: 2.49);

--$6 million class M-6 affirmed at 'BBB-' (BL: 15.68, LCR: 2.19);

--$6.3 million class B-1 affirmed at 'BB+' (BL: 11.04, LCR: 1.54);

--$5.7 million class B-2 affirmed at 'BB' (BL: 11.46, LCR: 1.6);

--$2.2 million class B-3 affirmed at 'BB-' (BL: 13.30, LCR: 1.86).

Deal Summary

--Originator: Equity One (100%);

--60+ day Delinquency: 9.93%;

--Realized Losses to date (% of Original Balance): 0.51%;

--Expected Remaining Losses (% of Current Balance): 7.16%;

--Cumulative Expected Losses (% of Original Balance): 4.04%.

These transactions were placed on 'Under Analysis' on Nov. 14, 2007. The rating actions are based on changes that Fitch has made to its subprime loss forecasting assumptions. The updated assumptions better capture the deteriorating performance of pools from 2006 and late 2005 with regard to continued poor loan performance and home price weakness. Additional details are available in the following research, also available at :

--'Downgrade Criteria for Recent Vintage U.S. Subprime RMBS' (Aug. 8, 2007);

--'U.S. Subprime RMBS/HEL Upgrade/Downgrade Criteria' (June 12, 2007).

All of Fitch's ratings criteria for US subprime RMBS available at . For a list of deals currently under analysis please visit .

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, . 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.