Fitch Affirms 17 Classes from 4 Industry Mortgage Corp HE Issues

Fitch Ratings affirms the following IMC home equity loan pass-through certificates:

Series 1997-3

-- Class A6 affirmed at 'AAA';

-- Class A7 affirmed at 'AAA';

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

-- Class M-2 affirmed at 'BB'.

Series 1997-5

-- Class A9 affirmed at 'AAA';

-- Class A10 affirmed at 'AAA';

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

-- Class M-2 affirmed at 'BB'.

Series 1998-1

-- Class A5 affirmed at 'AAA';

-- Class A6 affirmed at 'AAA';

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

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

-- Class B remains at 'C'.

Series 1998-5

-- Class A5 affirmed at 'AAA';

-- Class A6 affirmed at 'AAA';

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

-- Class M-2 affirmed at 'A+';

-- Class B affirmed at 'BB-'.

The affirmations, affecting over $294.89 million of certificates, are due to stable collateral performance and moderate growth in credit enhancement.

The above IMC transactions are collateralized by a pool of fixed-rate, closed-end home equity mortgage loans (HEL). The HEL are secured by first and second lien mortgages or deeds of trust primarily on one- to four-family residential properties. The pools are seasoned from a range of 81 to 95 months. The pool factors (current principal balance as a percentage of original) range from approximately 5.58% to 9.58% outstanding.

In October 1999, CitiFinancial Mortgage Company acquired IMC Mortgage Company which is located in Tampa, Florida.

Fitch will continue to closely monitor this deal.

Further information regarding delinquencies, losses and credit enhancement is available on the Fitch Ratings web site at www.fitchratings.com.

Fitch's rating definitions are available on the agency's public web site, www.fitchratings.com. Published ratings, criteria and methodologies and relevant policies and procedures are also available from this site, at all times. This document will remain on the public site for seven days.