KPMG LLP Letter Regarding Change in Principal Accountants for Capital Crossing Preferred Corporation
This letter from KPMG LLP, addressed to the Securities and Exchange Commission, confirms that KPMG was previously the principal accountant for Capital Crossing Preferred Corporation and reported on its financial statements for 2005 and 2006. KPMG acknowledges its dismissal as of March 8, 2007, and states that it agrees with the company's statements in its Form 8-K filing, except for certain statements in the first paragraph of Item 4.01, with which KPMG neither agrees nor disagrees.
| KPMG |
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| KPMG LLP | Telephone | 617 ###-###-#### |
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| 99 High Street | Fax | 617 ###-###-#### |
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| Boston, MA 02110-2371 | Internet | www.us.kpmg.com |
March 12, 2007
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Capital Crossing Preferred Corporation (the “Company”) and, under the date of January 30, 2007, we reported on the financial statements of The Company as of and for years ended December 31, 2006 and 2005. On March 8, 2007, we were dismissed. We have read Capital Crossing Preferred Corporation’s statements included under Item 4/01 of its Form 8-K dated March 12, 2007, and we agree with such statements, except we are not in a position to agree or disagree with the Company’s statements in the first paragraph of item 4.01.
Very truly yours,
/s/ KPMG LLP
KPMG LLP
