Class I-B-3 of Homebanc Mortgage Trust 2007-1 has been downgraded from Baa2 to Ba1 by Moody's Investors Service. The downgrade was based on higher-than-expected rates of delinquency, foreclosure, and real estate owned in the underlying collateral relative to credit enhancement levels. The collateral consists primarily of first-lien, fixed- and adjustable-rate alternative-A mortgage loans.

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