TEXT-S&P corrects Merrill Lynch Mortgage Investors 2005-HE3 rating

(The following statement was released by the rating agency)

Oct 12 - Standard & Poor's Ratings Services today corrected its rating onclass A-2B from Merrill Lynch Mortgage Investors Trust's series 2005-HE3 byreinstating the 'A (sf)' rating and placing the rating on CreditWatch developing(see list). We placed the rating on CreditWatch developing due to our recentlyrevised criteria for surveilling pre-2009 U.S. residential mortgage-backedsecurities (RMBS) ratings. We place our ratings on CreditWatch developing insituations where we may ultimately raise, lower, or affirm a rating. Ourpreliminary analysis indicates that the revised rating will be approximately thesame as the current rating, but may move slightly either up or down.

On Aug. 25, 2011, we incorrectly withdrew our rating on class A-2B due to anerror.

STANDARD & POOR'S 17G-7 DISCLOSURE REPORT

SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit ratingrelating to an asset-backed security as defined in the Rule, to include adescription of the representations, warranties and enforcement mechanismsavailable to investors and a description of how they differ from therepresentations, warranties and enforcement mechanisms in issuances of similarsecurities. The Rule applies to in-scope securities initially rated (includingpreliminary ratings) on or after Sept. 26, 2011.

If applicable, the Standard & Poor's 17g-7 Disclosure Report included in thiscredit rating report is available at

RELATED CRITERIA AND RESEARCH

-- Methodology And Assumptions: U.S. RMBS Surveillance Credit And CashFlow Analysis For Pre-2009 Originations, Aug. 9, 2012

-- Global Structured Finance Scenario And Sensitivity Analysis: TheEffects Of The Top Five Macroeconomic Factors, Nov. 4, 2011

-- Principles Of Credit Ratings, Feb. 16, 2011

(New York Ratings Team)

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