Fitch Affirms 3 Classes from 1 Bear Stearns Mortgage Securities Transaction

Business Wire, Sept 22, 2008

NEW YORK -- Fitch Ratings has affirmed the following classes from Bear Stearns Mortgage Securities:

Bear Stearns Mortgage Securities, Series 1996-6

--Class B-1 at 'AAA';

--Class B-2 at 'AAA';

--Class B-3 at 'A '.

The underlying collateral for this transaction consists primarily of mortgage loans purchased from the U.S. Department of Housing and Development (HUD). The mortgage loans are secured by first liens on one- to four-family residential real estate properties and had been contractually delinquent at origination. The mortgage loans are being serviced by EMC Mortgage Corporation.

Fitch will continue to closely monitor these transactions. Further information regarding current delinquency, loss and credit enhancement statistics is available on the Fitch Ratings web site at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.