Correction: Fitch Takes Various Rating Actions on 4 CWMBS Securitizations.

NEW YORK -- (This is an amended version of a press release issued yesterday, containing revised rating information on classes B-3 in series 2002-11 (Alt 2002-7), which is being downgraded to 'B' from 'BB'.)

Fitch Ratings has upgraded four, affirmed fifteen, downgraded four, and placed one class on Rating Watch Negative from the following CWMBS (Countrywide Home Loans), Inc. residential mortgage-backed securitizations:

CWMBS (Countrywide Home Loans, Inc.), mortgage pass-through certificates, series 1998-12 (Alt 1998-4)

-- Class A affirmed at 'AAA';

-- Class M affirmed at 'AAA';

-- Class B1 affirmed at 'AAA';

-- Class B2 affirmed at 'A';

-- Class B3 affirmed at 'BB';

-- Class B4 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative.

CWMBS (Countrywide Home Loans, Inc.), mortgage pass-through certificates, series 1999-6 (Alt 1999-1)

-- Class A affirmed at 'AAA';

-- Class M affirmed at 'AAA';

-- Class B1 upgraded to 'AAA' from 'AA';

-- Class B2 upgraded to 'A+' from 'BBB';

-- Class B3 affirmed at 'BB';

-- Class B4, rated 'B,' placed on Rating Watch Negative.

CWMBS (Countrywide Home Loans, Inc.), mortgage pass-through certificates, series 2001-26 (Alt 2001-11)

-- Class A affirmed at 'AAA';

-- Class M upgraded to 'AAA' from 'AA';

-- Class B1 upgraded to 'AA' from 'A';

-- Class B2 affirmed at 'BBB';

-- Class B3 affirmed at 'BB'

-- Class B4 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative.

CWMBS (Countrywide Home Loans, Inc.), mortgage pass-through certificates, series 2002-11 (Alt 2002-7)

-- Class A affirmed at 'AAA';

-- Class M affirmed at 'AA';

-- Class B1 affirmed at 'A';

-- Class B2 affirmed at 'BBB';

-- Class B3 downgraded to 'B' from 'BB';

-- Class B4 downgraded to 'CC' from 'B'.

The upgrades reflect an increase in credit enhancement relative to future loss expectations and the affirmations on the above classes reflect credit enhancement consistent with future loss expectations.

The negative rating actions are the result of a review of the level of losses incurred to date as well as Fitch's future loss expectations on the delinquent loans in the pipeline relative to the applicable credit support levels as of the June 25, 2004 distribution.

Further information regarding current delinquency, loss and credit enhancement statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'.