Fitch Rates FHAMS $586.80MM Series 2006-FA1.

Publication: Business Wire

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COPYRIGHT 2006 Business Wire

NEW YORK -- Fitch rates First Horizon Alternative Mortgage Securities Trust (FHAMS) mortgage pass-through certificates, series 2006-FA1, as follows:

-- $560,328,715 classes I-A-1 through I-A-12, I-A-PO, I-A-R, II-A-1, and II-A-PO 'AAA';

-- $14,118,000 class B-1 'AA';

-- $4,706,000 class B-2 'A';

-- $3,236,000 class B-3 'BBB';

-- $2,353,000 class B-4 'BB';

-- $2,059,000 class B-5 'B'.

The class B-6 certificate is not rated by Fitch.

The 'AAA' rating on the senior certificates reflects the 4.75% subordination provided by...

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