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CWMBS INC. MORTGAGE CERTIFICATES $5 MILLION SERIES 1993-8 CLASS B-2 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Dec. 3 /PRNewswire/ -- CWMBS, Inc.'s $5.0 million mortgage pass-through certificates, series 1993-8, class B-2 are rated "BBB" by Fitch. The "BBB" rating on the class B-2 certificates is based on the credit loss protection provided by the 0.35% class B-3 certificates, 0.15% class B-4 certificates, and 0.50% class B-5 certificates (not offered, privately placed).
 The class B certificates provide additional protection for losses arising from mortgagor bankruptcy, borrower fraud, and special hazard events up to specified amounts. The ratings on the certificates also reflect Fitch's confidence in the integrity of the legal and financial structures, the quality of the mortgage collateral, and master servicing capabilities of Countrywide Funding Corp. (Countrywide).
 The mortgage pool consists of 30-year, recent origination, conventional, first lien, fixed-rate, one- to four-family residential mortgage loans. The pool has a weighted average original loan-to-value ratio (LTV) of 72.1%. Additionally, approximately 19.5% of the pool consists of loans with LTVs greater than 80%, all of which are covered by primary mortgage insurance. In addition, 12.9% are cash-out refinance loans and 42.3% are comprised of jumbo mortgage loans (balances between $300,001-$600,000). Approximately 50.2% of the pool is secured by properties located in California (24.9% Los Angeles, 11.3% San Francisco, 3.1% San Diego, 10.9% in other California areas), 7.5% are in Massachusetts, and 4.1% are in New York.
 The loans were originated by or for Countrywide, which also acts as master servicer of the pool. CWMBS, Inc., a limited purpose corp., purchased the loans from Countrywide and subsequently assigned the loans to the trust. Two real estate mortgage investment conduit elections will be made with respect to the trust fund for federal income tax purposes.
 -0- 12/3/93
 /CONTACT: Michele J. Loesch, 212-908-0686, or Jill M. Guido, 212-908-0682, both of Fitch/


CO: CWMBS, Inc. ST: New York IN: SU: RTG

MP -- NY047 -- 0278 12/03/93 14:22 EST
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Publication:PR Newswire
Date:Dec 3, 1993
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