SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 25, 1996
BEAR STEARNS MORTGAGE SECURITIES INC.
Mortgage Pass-Through Certificates, Series 1995-1
(Exact name of registrant as specified in its charter)
Delaware 33-44658 13-3633241
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification No.)
245 Park Avenue, New York, New York 10167
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 272-2000
Not Applicable
(Former name or former address, if changed since last report.)
Item 5. Other Events.
1. A distribution was made to the Certificateholders of the Bear
Stearns Mortgage Securities Inc. Mortgage Pass-Through
Certificates, Series 1995-1, on April 25, 1996. The distribution
was made pursuant to the provisions of a Pooling and Servicing
Agreement dated April 28, 1995, between and among Bear Stearns
Mortgage Securities Inc., as Seller, Bear Stearns Mortgage Capital
Corporation, as Master Servicer, and State Street Bank and Trust
Company, as Trustee.
2. On June 26, 1995, as part of a transfer of substantially all of
its master servicing portfolio, Bear Stearns Mortgage Capital
Corporation transferred its obligations as Master Servicer under
the Pooling and Servicing Agreement to First Union National Bank of
North Carolina and First Union National Bank of North Carolina
assumed such obligations.
Item 7. Financial Statements and Exhibits.
(c) Exhibit:
(28.12) April 25, 1996 - Information on Distribution to
Certificateholders
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
Bear Stearns Mortgage Securities Inc.
(Registrant)
Dated: May 6, 1996 By: /s/William J.Montgoris
William J. Montgoris
Treasurer and Secretary
BEAR STEARNS MORTGAGE SECURITIES INC.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.12) April 25, 1996 - Information on Distribution to
Certificateholders
<TABLE>
APRIL 25, 1996 - INFORMATION ON DISTRIBUTION EXHIBIT 28.12
TO CERTIFICATEHOLDERS
Bear Stearns Mortgage Securities Inc.
Mortgage Pass-Through Certificates, Series 1995-1
<CAPTION>
Principal Amt
Original Outstanding Ending
Certificate Principal Prior To Int. Interest Interest Interest Principal Principal Amt
Class Amount Distribution Rate Accrued Adjustments Distributed Payable Outstanding
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1-A $139,332,644 $129,695,773 6.481% $ 700,401 $ (1,627) $ 698,774 $1,054,571 $128,641,201
1-M 1,795,505 1,714,060 6.481% 9,257 (22) 9,235 7,707 1,706,352
1-B-1 718,209 685,630 6.481% 3,703 (9) 3,694 3,083 682,548
1-B-2 359,105 342,816 6.481% 1,851 (4) 1,847 1,541 341,274
1-B-3 718,209 685,630 6.481% 3,703 (9) 3,694 3,083 682,548
1-B-4 359,105 342,816 6.481% 1,851 (4) 1,847 1,541 341,274
1-B-5 359,110 342,820 6.481% 1,851 (4) 1,847 1,542 341,279
2-A-1 64,079,247 50,337,341 7.400% 310,414 (562) 309,852 15,209 50,322,132
2-A-2 16,789,000 16,789,000 7.400% 103,532 (187) 103,345 0 16,789,000
2-A-3 13,878,000 13,878,000 7.400% 85,581 (155) 85,426 0 13,878,000
2-A-4 16,091,000 16,091,000 7.400% 99,228 (180) 99,048 0 16,091,000
2-P 2,850,903 2,581,932 0.000% 0 0 0 1,070,425 1,511,507
2-X 50,531,148 45,206,520 0.380% 13,293 (24) 13,269 0 45,206,520
2-M 1,465,054 1,394,897 7.400% 8,602 (16) 8,586 169 1,394,728
2-B-1 586,021 557,958 7.400% 3,441 (6) 3,435 68 557,890
2-B-2 293,011 278,979 7.400% 1,720 (3) 1,717 34 278,946
2-B-3 586,021 557,958 7.400% 3,441 (6) 3,435 68 557,890
2-B-4 293,011 278,979 7.400% 1,720 (3) 1,717 34 278,946
2-B-5 293,014 278,983 7.400% 1,720 (3) 1,717 34 278,949
R 100 0 6.481% 0 0 0 0 0
$260,846,269 $236,834,572 $1,355,310 $ (2,824) $1,352,485 $2,159,108 $234,675,464
Fees paid to the Master Servicer this period was: $7,955
</TABLE>
