Published: March 19, 2010
American Home Mortgage Servicing, Inc.'s Response to Moody's Placement of Ratings of Series 2009-ADV2 on Review for Possible Downgrade
COPPELL, Texas - (BUSINESS WIRE) - American Home Mortgage Servicing, Inc. (the "Company" ), has been in
discussions with Moody's with respect to the Company's servicing advance
receivables securitization, known as Series 2009-ADV2, of $125 million
of Class A-1 Term Notes and $100 million of Variable Funding Notes
issued by AH Mortgage Advance Trust 2009-ADV2. The Company is currently
taking actions to address the agency's concerns regarding the aged
reconciliation items in the custodial bank accounts of the residential
mortgage backed securitizations that we service. We note, however, that
we haven't incurred any losses to date directly related to the
reconciliation effort nor do we expect to incur any losses in the
future. Our agreement to increase the reserve fund by $20 million and to
maintain a material additional deposit in the fund until the situation
is resolved demonstrates our strong commitment to maintain the
AAA-rating of the securitization.

American Home Mortgage Servicing, Inc.
Craig Pino, Executive Vice
President and Treasurer
469-645-3112
Craig.pino@ahmsi3.com
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