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BEAR STEARNS MORTGAGE CERTIFICATES 1993-7 RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, June 28 /PRNewswire/ -- Bear Stearns Mortgage Securities Inc.'s $80.9 million mortgage pass-through certificates, series 1993-7 class A are rated `AAA' by Fitch.
 The 'AAA' rating reflects the credit loss protection provided by the 8.25 percent General Electric Mortgage Insurance Co. mortgage pool insurance policy, which includes a fraud waiver with limited coverage for fraud losses. A $709,038 Special Hazard Insurance Policy will be issued by Commerce and Industry Insurance Company to cover special hazard losses and a $100,000 bankruptcy reserve fund will be available for support against bankruptcy losses. The rating also reflects the high quality of the mortgage collateral, the strength of the legal and financial structures, and the master servicing capabilities of Bear Stearns Mortgage Capital Corp. (BSMCC).
 The mortgage pool consists of conventional, 30-year, fixed-rate, fully amortizing mortgage loans secured by first liens on one- to four- family residential properties. The pool is geographically well diversified with properties primarily located in Maryland (19 percent), Virginia (18 percent), New York (15 percent) and California (12 percent). The weighted average original loan-to-value ratio (LTV) is 76 percent and 28 percent of the pool consists of mortgage loans with LTVs greater than 80 percent; however, all of the mortgage loans with original LTVs greater than 80 percent are covered by a primary mortgage guaranty insurance policy. Limited documentation and cash-out refinance loans account for approximately 18 percent and 14 percent of the mortgage pool, respectively.
 Bear Stearns Mortgage Securities Inc. acquired the mortgage loans from BSMCC and sold the loans to the trust fund, which issued the certificates. Approximately, 2.3 percent of the mortgage loans will be serviced by an affiliate of BSMCC. For federal income tax purposes the trust will be treated as a grantor trust.
 -0- 6/28/93
 /CONTACT: Jill M. Guido, 212-908-0682 or Joanne Scatassa, 212-908-0671, both of Fitch/
 (BSC)


CO: Bear Stearns Mortgage Securities Inc. ST: IN: SU: RTG

WB-MG -- NY076 -- 6423 06/28/93 16:45 EDT
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Date:Jun 28, 1993
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