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BEAR STEARNS MORTGAGE CERTIFICATES SERIES 1993-10 CLASS A, P, X, R RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Aug. 2 /PRNewswire/ -- Bear Stearns Mortgage Securities Inc.'s (BSMSI) $248.7 million mortgage pass-through certificates, series 1993-10 class A, P, X, and R certificates are rated 'AAA' by Fitch.
 The 'AAA' rating on classes A, P, X, and R reflects the credit enhancement provided by the 6.5 percent subordinate class M and class B certificates. The ratings also acknowledge the strength of the legal and financial structures as well as the master servicing capabilities of Countrywide Mortgage Conduit, Inc. (Countrywide).
 The mortgage pool will consist of conventional, one- to four- family, fully amortizing, fixed-rate mortgage loans secured by first liens on residential real properties. The mortgage loans are secured by properties located primarily in California (80 percent). The weighted average original loan-to-value ratio (LTV) is 73 percent; 15.6 percent of the pool consists of mortgage loans with original LTVs greater than 80 percent; limited documentation and cash-out refinance loans account for 4.8 percent and 10.7 percent of the mortgage pool, respectively.
 Approximately 2.5 percent of the mortgage pool will consist of mortgage loans acquired by Countrywide from Countrywide Funding Corp., an affiliate of Countrywide. The balance of the mortgage pool will consist of mortgage loans acquired by Countrywide from various approved unaffiliated seller/servicers. Three of these unaffiliated seller/servicers are each servicing more than 10 percent of the principal balance of the mortgage pool. The mortgage loans will be acquired by BSMSI on the date of issuance of the certificates. Two real estate mortgage investment conduit elections will be made for federal income tax purposes.
 -0- 8/2/93
 /CONTACT: Justin L. Ventura, 212-908-0675 or Jill M. Guido, 212-908-0682, both of Fitch/


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

WB -- NY064 -- 8361 08/02/93 12:11 EDT
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Date:Aug 2, 1993
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