Harborview MBS Classes Downgraded

Seven classes from two Harborview Mortgage Loan Trust Inc. securitizations have been downgraded by Fitch Ratings and one has been placed on Rating Watch Negative.The downgrades were as follows: series 2006-4, class B-7, from A-minus to BBB, class B-8, from BBB-plus to BBB-minus; class B-9, from BBB to BB, and class B-11, from B to CC/DR4; and series 2006-6, class B-3, from BBB to BBB-minus, class B-4, from BB-minus to B, and class B-5, from CCC/DR2 to C/DR5. Class B-2 of series 2006-6 was placed on Rating Watch Negative, and class B-3 was removed from Rating Watch Negative. In addition, Fitch affirmed the ratings on nine other classes in the two transactions. The rating agency attributed the negative rating actions to a deterioration in the relationship between credit enhancement and loss expectations. The deal is backed by adjustable-rate mortgage loans secured by first liens on residential properties.