| Abstract: | Delinquencies for U.S. prime jumbo residential mortgage-backed securities (RMBS) transactions originally rated in 2005, 2006, and 2007 continue to increase. As of the April 2008 distribution date, total delinquencies were 2.85%, 3.31%, and 2.50% of the current aggregate pool balances for the 2005, 2006, and 2007 vintages, respectively. These figures were up roughly 5.2% for the 2005 vintage, 5.4% for 2006, and 9.2% for 2007 when compared with the March 2008 distribution date. Serious delinquencies (90-plus days, foreclosures, and real estate owned {REO}) have also increased since the last distribution date. As of the most recent reporting period, serious delinquencies for the 2005, 2006, and 2007 vintages were approximately 1.49%, 1.70%, and 1.16%, respectively. Since the March 2008 distribution date,
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Real Estate Companies, Residential MBS, Servicer Evaluations, Structured Finance
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