2008-10-10 21:33:00 -

- Fitch Ratings has taken rating actions on the First Nationwide Prime RMBS transaction listed below:

First Nationwide 2001-1

--Class I-A-1 affirmed at 'AAA';

--Class A-P affirmed at 'AAA';

--Class A-X-1 affirmed at 'AAA';

--Class A-X-2 affirmed at 'AAA';

--Class M-1 affirmed at 'AAA';

--Class M-2 affirmed at 'AAA';

--Class B-1 affirmed

at 'BBB+';

--Class B-2 affirmed at 'B'.

The rating actions were taken as part as Fitch's ongoing surveillance process of existing transactions.

Further information regarding current delinquency, loss, and credit enhancement statistics is also available 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.

Fitch Ratings, New York
Tara Sweeney, +1-212-908-0347
Michele Patterson, +1-212-908-0779
Media Relations:
Sandro Scenga, +1-212-908-0278