Three Subprime Lenders Achieve Servicer Ratings.

New York -- Moody's Investors Service has assigned one and affirmed two SQ2 ratings to servicers of subprime loans.

CitiFinancial Mortgage, Ameriquest Mortgage and Wilshire Credit Corporation have all been granted an SQ2 rating as primary servicers of residential subprime mortgage loans by the New York-based credit assessment services provider.

Moody's Investors Service has assigned CitiFinancial Mortgage an SQ2 rating, as a primary servicer of residential subprime mortgage loans and an SQ2 as a special servicer of residential mortgage loans. Moody's ratings are based on above-average collection and loss mitigation results, above-average foreclosure and REO timeline management, and strong servicer stability.

CFMC's servicing portfolio totaled $24.85 billion as of Dec. 31, 2004. The company primarily services fixed-and variable-rate first- and second-lien subprime residential mortgage loans.

To Moody's, CFMC's collection and loss mitigation results are above average. Of the subprime loans that began a 12-month static pool analysis as 30 and 60 days delinquent, 55% and 42% improved in terms of delinquency, respectively. Of the subprime loans that began the static pool analysis as 90 days delinquent or more - excluding REO - 40% were either cured or became cash flowing.

Citigroup, CFMC's corporate parent, is rated Aa1 for senior unsecured debt.

Moody's affirmed Ameriquest's SQ2 rating as a primary servicer of residential subprime mortgage loans. Moody's rating is based on strong collection abilities, strong foreclosure and REO timeline management, average loss mitigation results and average servicer stability.