Fitch Affirms 38 RMBS Classes from 4 Centex HE Issues.

NEW YORK -- Fitch has affirmed the following ratings from the Centex Home Equity Company Issues listed below:

Series 2004-A

--Class A 'AAA';

--Class M-1 'AA';

--Class M-2 'A+';

--Class M-3 'A+';

--Class M-5 'A-';

--Class B 'BBB'.

Series 2004-B

--Class A 'AAA';

--Class M-1 'AA+';

--Class M-2 'AA';

--Class M-3 'AA-';

--Class M-4 'A+';

--Class M-5 'A+';

--Class M-6 'A';

--Class M-7 'A-';

--Class B 'BBB'.

Series 2004-C

--Class A 'AAA';

--Class M-1 'AA+';

--Class M-2 'AA';

--Class M-3 'AA-';

--Class M-4 'A+';

--Class M-5 'A';

--Class M-6 'A-';

--Class M-7 'BBB+';

--Class B 'BBB'.

Series 2004-D

--Class A 'AAA';

--Class MF-1 'AA';

--Class MF-2 'A';

--Class MF-3 'BBB+';

--Class BF 'BBB';

--Class MV-1 'AA';

--Class MV-2 'AA-';

--Class MV-3 'A+';

--Class MV-4 'A';

--Class MV-5 'A-';

--Class MV-6 'BBB+';

--Class BV 'BBB'.

The mortgage pool consists of fixed-rate (FRMs) and adjustable-rate (ARMs) home equity mortgage loans secured by first and second liens primarily on one-to four-family residential properties and manufactured housing originated or acquired by Centex Home Equity Company. As of the cut-off dates, series 2004-A consisted of approximately 38.41% FRMs and 61.59% ARMs; series 2004-B consisted of approximately 25.08% FRMs and 74.92% ARMs; series 2004-C consisted of approximately 31.58% FRMs and 68.41% ARMs; series 2004-D consisted of approximately 40.25% FRMs and 59.75% ARMs. Centex Home Equity Company (rated 'RPS2+' by Fitch) is the servicer.

As of the Feb 2006 distribution date, the transactions are seasoned 17 to 25 months, and the pool factors (current mortgage loan principal outstanding as a percentage of the initial pool) range from approximately 37% to 61%.

The affirmations reflect a stable relationship between credit enhancement (CE) and future loss expectations and affect approximately $1.715 billion of outstanding certificates.

Fitch will continue to closely monitor this transaction. Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.