Twenty-eight classes of subprime mortgage pass-through certificates from three Residential Asset Mortgage Products transactions have been downgraded by Fitch Ratings as a result of changes to its subprime loss forecasting assumptions. Fitch also placed three RAMP classes on Rating Watch Negative and affirmed the ratings on nine other classes. The rating actions were attributed to changes in Fitch's subprime loss forecasting assumptions that "better capture the deteriorating performance of pools from 2006 and late 2005 with regard to continued poor loan performance and home price weakness." Fitch can be found on the Web at http://www.fitchratings.com.
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