Class M-11 of J.P. Morgan Mortgage Acquisition Corp. asset-backed pass-through certificates, series 2005-FRE1, has been placed on Rating Watch Negative by Fitch Ratings.Fitch also affirmed the ratings on 18 other classes in the transaction. The negative rating action was attributed to "early trends in the relationship between serious delinquency and credit enhancement." The collateral pool consists of fixed- and adjustable-rate subprime mortgage loans originated by Fremont Investment and Loan. Fitch can be found online at http://www.fitchratings.com.

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