Fitch Rates $725MM RAMP Mtge Asset-Backed P-T Ctfs Series 2005-RS3

25% class M-3, the 1.

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Fitch Rates Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7

6 million class M-2 'AA';

-- $9.75% class M-1, the 2.01%) comprise the top three state concentrations.
The loans were sold by RFC to RAMP, the depositor.

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0 million class A-I-B2;

$112.2 million class M -9 'BBB-'. The NCA program allows for loans which
are not eligible for Residential Funding's other programs.

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70% class M-9, the 0. The ratings also reflect the strength of the
servicing capabilities represented by Residential Funding Corporation
(RFC) as master servicer and Homecomings Financial Network, Inc. The average balance was $162,809 and the pool had a weighted
average interest rate of 7.65%), and
Texas (6.

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Business Editors

CHICAGO----Bear Stearns Commercial
Mortgage Securities Trust 2005-PWR7, commercial mortgage pass-through
certificates are rated by Fitch Ratings as follows:

$78,000,000 class A-1 'AAA';

$188,000,000 class A-2 'AAA';

$106,000 ,000 class A-AB 'AAA';

$527,652,000 class A-3 'AAA';

$85,748,000 class A-J 'AAA';

$1,124,565,652 class X-1(a) 'AAA';

$1,092,297,000 class X-2(a) 'AAA';

$33,737,000 class B 'AA';

$8,434,000 class C 'AA-';

$15,463,000 class D 'A';

$11,246,000 class E 'A-';

$11,245,000 class F 'BBB+';

$9,840,000 class G 'BBB';

$12,652,000 class H 'BBB-';

$4,217,000 class J 'BB+';

$4,217,000 class K 'BB';

$5,623,000 class L 'BB-';

$4,217,000 class M 'B+';

$1,406,000 class N 'B';

$2,811,000 class P 'B-';

$14,057,652 class Q 'NR'.
The certificates represent beneficial ownership interest in the trust,
primary assets of which are 124 fixed-rate loans having an aggregate
principal balance of approximately $1,124,565,652, as of the cutoff
date.5 million class M-5 'A';

-- $9.0 million class M-8 'BBB';

-- $5.

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3 million class A-II.

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6 million class A-I-A1;

$114.

In addition, Fitch also rates the following classes:

-- $20.

The 'AAA' rating on the class A certificates reflects the 15.25% class M-6, the 0.06% and the weighted average credit score was
674.

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For a detailed description of Fitch's rating analysis, please see
the Report titled 'Bear Stearns Commercial Mortgage Securities Trust
2005-PWR7' dated March 4, 2005 available on the Fitch Ratings web site
at www . The initial and target OC is
0.

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3 million class M-3 'AA-';

-- $11.69%), California (9. Prior to
assignment to the depositor, RFC reviewed the underwriting standards
for the mortgage loans .

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3 million class M-6 'A-';

-- $5.

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Business Editors

NEW YORK----Fitch has rated the
following Residential Asset Mortgage Products, Inc. as
primary servicer on the pool.

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Classes A-1, A-2, A-AB, A-3, A-J, X-2, B, C, and D are offered
publicly, while classes X -1, E, F, G, H, J, K, L, M, N, P, and Q are
privately placed pursuant to Rule 144A of the Securities Act of 1933. (RAMP) series
2005-RS3 asset-backed pass-through certificates 'AAA':

$117.25 %
initial credit enhancement provided by 2. The weighted average original term to
maturity was 358 months.

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80% class M-8, the
0.1%.

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75% class M-7, the 0.75%
privately offered class B-2, and the 1% privately offered class B-3,
along with overcollateralization (OC).50%. As of the cut-off
date , the weighted average original loan-to-value (OLTV) ratio of the
collateral pool was 91. Examples of
reasons for exclusion from Residential Funding's other programs
include, but are not limited to, higher debt-to-income ratios or
higher loan-to-value ratios.

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2 million class M-4 'A+';

-- $7.50%
class M-2, the 1.50% privately offered class B-1, the 0. The mortgage loans included in the trust were
acquired and evaluated under Residential Funding's "Negotiated Conduit
Asset Program ," or NCA Program.

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4 million class A-I-A3;

$233.6 million class A-I-B1;

$26. In addition , the ratings reflect the strength of the
transaction's legal and financial structures and the attributes of the
mortgage collateral.
The collateral pool consists of 4,581 fixed-rate and
adjustable -rate mortgage loans with an initial aggregate principal
balance of $745,000,486 secured by first liens.

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(a) Notional amount and interest only.5 million class M-1 'AA+';

-- $18. Florida (12.

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5 million class A-I-A2;

$27.6 million class M-7 'BBB+';

-- $6.50% class M-4, the 1% class M-5,
the 1.

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