HomeBanc Corp. (fka HMBNQ)

[knulp]

HOMEBANC DEBT EXAMINED BY FITCH IS RATED AAA or AA+ or BBB-, very good ratings, not C and D that mean default. This company may be solvent on its debt, this company is worth more than 0.0070...


FITCH RATINGS

AAA= 100% SOLVENCY
AA, AA- AA+= ALMOST SURE SOLVENCY
A, A-, A+= MEDIUM HIGH QUALITY OF DEBT
BBB, BBB-, BBB+= ADEQUATE ABILITY OF REAY DEBT
BB, BB- BB+= medium uncertain in ability of repay debt
B, B-, B+= medium high uncertain in ability of repay debt
CCC, CCC-, CCC+= risk
CC, CC-, CC+= risk
C, C-, C+= risk
DDD, DD, D= DEFAULT




January 15, 2008 11:12 AM Eastern Time
Fitch Affirms 9 Classes from Homebanc Mortgage Trust 2005-2
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the following classes of mortgage pass-through certificates for Homebanc Mortgage Trust series 2005-2:

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

--Class M-1 affirmed at 'AA+';

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

--Class M-3 affirmed at 'A+';

--Class M-4 affirmed at 'A';

--Class B-1 affirmed at 'A-';

--Class B-2 affirmed at 'BBB+';

--Class B-3 affirmed at 'BBB-';

--Class B-4 affirmed at 'BBB-'.

The collateral pool consists primarily of conventional, closed-end second lien, adjustable rate, residential mortgage loans. The loans are primarily concentrated in the states of Georgia, Florida, and North Carolina. All certificates have the benefit of excess interest and overcollateralization (OC).

The affirmations reflect a satisfactory relationship between credit enhancement and future loss expectations, and affect approximately $45.4 million in outstanding certificates. The OC amount has remained at or near target since issuance.

As of the December 2007 distribution date, the transaction is 33 months seasoned and has a pool factor (current collateral balance as a percentage of the initial) of 56%. The master servicer for the transaction is Wells Fargo N.A., which is rated 'RMS1' by Fitch. All the mortgage loans were either originated or acquired by Homebanc Corporation.

For additional information on the transaction please visit 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.


Contacts
Fitch Ratings, New York
Vincent Barberio, [phone]
Michele Patterson, [phone]
Sandro Scenga, [phone] (Media Relations)