(The following statement was released by the rating agency)NEW YORK, May 09 (Fitch) Fitch Ratings has reviewed a request to confirm RMBS ratings in connection with the mortgage servicing rights (MSR) transfer from IndyMac Mortgage Services, a division of OneWest Bank, FSB (IndyMac) to Specialized Loan Servicing (SLS). The loans in the request are anticipated to transfer over a one-month period beginning June 1, 2014. After reviewing the nine Fitch-rated transactions for which SLS requested a confirmation letter, Fitch does not expect negative rating actions on any Fitch-rated classes as a result of the proposed transfer. However, Fitch notes that this does not preclude the possibility that future rating actions may be taken due to rating criteria or future performance considerationsThe transfer of loans from IndyMac marks the company's strategy to sell substantially all of its forward mortgage agency and non-agency portfolio. IndyMac completed the previously announced transfer of approximately 130,000 loans to Ocwen Loan Services in first quarter 2014. It is anticipated after the completion of the SLS transfers, IndyMac will maintain a servicing portfolio of bank-owned assets comprising approximately 34,000 loans.The transactions Fitch reviewed were originally issued off of Alt-A and subprime RMBS shelves. Fitch currently rates SLS 'RPS2' as a primary servicer for subprime, Alt-A, and closed-end second lien mortgages, and home equity lines of credit (HELOC). The servicer is rated 'RSS2' for its special servicing capabilities. Fitch's Outlook on these servicer ratings is Stable. The trustees in the deals Fitch reviewed are either Bank of New York Mellon rated 'AA-'/Outlook Stable or Deutsche Bank AG rated 'A+'/Outlook Negative. Both entities are eligible as a direct counterparty based on Fitch's Counterparty Criteria.While Fitch's confirmation is only on nine transactions, per information provided by SLS, the total MSR purchase comprises 34 RMBS transactions containing over 9,000 loans with an unpaid principal balance (UPB) of $1.9 billion. The Fitch rated transactions requiring a confirmation letter for the scheduled transfer are:INABS 2001-CINABS 2002-BINABS 2004-BINABS 2004-CINABS 2005-AINABS 2005-BINABS 2005-CINDMH 1998-1MS 2002-HE2Contact:Primary AnalystNatasha HansonDirector+1-212-908-0272Fitch Ratings, Inc.33 Whitehall StreetNew York, NY 10004 Committee ChairpersonGrant BaileyManaging Director+1-212-908-0544Media Relations: Sandro Scenga, New York, Tel: +1 212-908-0278, Email: sandro.scenga@fitchratings.com.Additional information is available at '
  www.fitchratings.com'.
 Applicable Criteria and Related Research: --'Rating Criteria for US Residential and Small Balance Commercial Mortgage Servicers' Jan. 30, 2014;--'Unintended Consequences of rating Confirmation References' Oct 9, 2013;--'U.S. RMBS Surveillance Criteria' Oct. 9, 2013;--'Counterparty Criteria for Structured Finance and Covered Bonds' May 13, 2013.Applicable Criteria and Related Research: Counterparty Criteria for Structured Finance and Covered Bonds
  http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=707155
 U.S. RMBS Surveillance Criteria
  http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=720170
 Unintended Consequences of Rating Confirmation References
  http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=720279
 Rating Criteria for US Residential and Small Balance Commercial Mortgage Servicers
  http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=731747
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