Fitch Affirms 15 RMBS Classes from Armor MCP 2005-1.

NEW YORK -- Fitch Ratings has affirmed the following mortgage pass-through certificates from ABN AMRO's Armor MCP 2005-1 L.P.:

--Class B-1 'AA+';

--Class B-2 'AA';

--Class B-3 'AA-';

--Class B-4 'A+';

--Class B-5 'A';

--Class B-6 'A-';

--Class B-7 'BBB+';

--Class B-8 'BBB';

--Class B-9 'BBB-';

--Class B-10 'BB+';

--Class B-11 'BB';

--Class B-12 'BB-';

--Class B-13 'B+';

--Class B-14 'B';

--Class B-15 'B-'.

The affirmations reflect stable relationships of credit enhancement (CE) to future expected losses, and affect approximately $1.33 billion in outstanding certificates.

The collateral on the aforementioned transactions primarily consists of jumbo, A-quality, first lien residential mortgages. As of the October 2006 distribution date, the pool factor is approximately 94%, and the transaction is 10 months seasoned. This portfolio consists of mortgage loans originated and serviced by ABN AMRO Mortgage Group, Inc. (rated 'RPS2+' by Fitch).

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