SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 27, 1996
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
(AS DEPOSITOR UNDER THE TRUST AGREEMENT,
DATED AS OF SEPTEMBER 30, 1996, PROVIDING FOR THE ISSUANCE OF
TRUST CERTIFICATES, SERIES 1996-4)
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-14225 41-6419825
- -------- --------- ----------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
Seven World Trade Center
New York, New York 10048
- ------------------------------ ----------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (212) 783-5659
================================================================================
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
20.1 Salomon Brothers Mortgage Securities VII, Inc. Trust
Certificates, Series 1996-4, Statement to
Certificateholders dated 11/27/96
<PAGE>
20.2 Prudential Home Mortgage Securities Company, Inc. Mortgage
Pass-Through Certificates, Series 1994-8, Statement to
Certificateholders dated 11/25/96
20.3 GE Capital Mortgage Services, Inc. REMIC Multi-Class
Pass-Through Certificates, Series 1994-11, Statement to
Certificateholders dated 11/25/96
20.4 CWMBS, Inc., Mortgage Pass-Through Certificates, Series
1993-5, Statement to Certificateholders dated 11/25/96
20.5 Residential Funding Mortgage Securities I, Inc., Mortgage
Pass-Through Certificates, Series 1993-S34, Statement to
Certificateholders dated 11/25/96
SIGNATURES
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.
Dated: December 30, 1996
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
by First Trust National Association, as
Trustee for Salomon Brothers Mortgage
Securities VII, Inc. Trust Certificates,
Series 1996-4.
By: /s/ Eve Kaplan
----------------------------------
Name: Eve Kaplan
Title: Vice President
Company: First Trust National Association
INDEX TO EXHIBITS
-----------------
Exhibit Description
------- -----------
20.1 Salomon Brothers Mortgage Securities VII, Inc. Trust Certificates,
Series 1996-4, Statement to Certificateholders dated 11/27/96
20.2 Prudential Home Mortgage Securities Company, Inc. Mortgage
Pass-Through Certificates, Series 1994-8, Statement to
Certificateholders dated 11/25/96
20.3 GE Capital Mortgage Services, Inc. REMIC Multi-Class Pass-Through
Certificates, Series 1994-11, Statement to Certificateholders
dated 11/25/96
20.4 CWMBS, Inc., Mortgage Pass-Through Certificates, Series 1993-5,
Statement to Certificateholders dated 11/25/96
20.5 Residential Funding Mortgage Securities I, Inc., Mortgage
Pass-Through Certificates, Series 1993-S34, Statement to
Certificateholders dated 11/25/96
Salomon Brothers Mortgage Securities VII, Inc.
Trust Certificates
Series 1996-4
NOVEMBER DISTRIBUTION REPORT
Payment Date: 11/27/96
<TABLE>
<CAPTION>
Interest Principal Total Ending
CUSIP Original Payment Payment Payment Balance
Class Number Balance Factor Factor Factor Factor
- ----- ------ ------- ------ ------ ------ ------
<S> <C> <C> <C> <C> <C> <C>
4A-A1 74434T5E3 12,250,000.00 5.71666612 0.00000000 5.71666612 1000.00000000
4A-A2 74434T5E3 36,750,000.00 5.71666667 0.00000000 5.71666667 1000.00000000
Pass- Realized Unpaid
Through Accrued Interest Loss Interest Interest
Class Rate Interest Shortfall Interest Shortfall Payment
- ----- ---- -------- --------- -------- --------- -------
4A-A1 6.86000% 70,029.16 0.00 0.00 0.00 70,029.16
4A-A2 6.86000% 210,087.50 0.00 0.00 0.00 210,087.50
Total: 280,116.66 0.00 0.00 0.00 280,116.66
Ending
Beginning Principal Principal Extraordinary Principal Total
Class Balance Payment Loss Expenses Balance Payment
- ----- ------- ------- ---- -------- ------- -------
4A-A1 12,250,000.00 0.00 0.00 0.00 12,250,000.00 70,029.16
4A-A2 36,750,000.00 0.00 0.00 0.00 36,750,000.00 210,087.50
Total: 49,000,000.00 0.00 0.00 0.00 49,000,000.00 280,116.66
Interest Principal Total Ending
CUSIP Original Payment Payment Payment Balance
Class Number Balance Factor Factor Factor Factor
- ----- ------ ------- ------ ------ ------ ------
4B-A1 36157LX29 7,158,376.56 5.26681569 23.67601908 28.94283477 952.56469576
4B-A2 36157LX29 13,340,000.00 5.39499625 0.00000000 5.39499625 1000.00000000
4B-A3 36157LX29 22,080,000.00 5.39499592 0.00000000 5.39499592 1000.00000000
Pass- Realized Unpaid
Through Accrued Interest Loss Interest Interest
Class Rate Interest Shortfall Interest Shortfall Payment
- ----- ---- -------- --------- -------- --------- -------
4B-A1 6.48500% 37,765.93 64.08 0.00 0.00 37,701.85
4B-A2 6.48500% 72,091.58 122.33 0.00 0.00 71,969.25
4B-A3 6.48500% 119,324.00 202.49 0.00 0.00 119,121.51
Total: 229,181.51 388.90 0.00 0.00 228,792.61
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Ending
Beginning Principal Principal Extraordinary Principal Total
Class Balance Payment Loss Expenses Balance Payment
- ----- ------- ------- ---- -------- ------- -------
<S> <C> <C> <C> <C> <C> <C>
4B-A1 6,988,298.65 169,481.86 0.00 0.00 6,818,816.79 207,183.71
4B-A2 13,340,000.00 0.00 0.00 0.00 13,340,000.00 71,969.25
4B-A3 22,080,000.00 0.00 0.00 0.00 22,080,000.00 119,121.51
Total: 42,408,298.65 169,481.86 0.00 0.00 42,238,816.79 398,274.47
Interest Principal Total Ending
CUSIP Original Payment Payment Payment Balance
Class Number Balance Factor Factor Factor Factor
- ----- ------ ------- ------ ------ ------ ------
4C-A1 126690NM4 5,349,800.90 5.29843083 15.31978508 20.61821590 965.11453538
4C-A2 126690NM4 42,737,989.39 5.40416672 0.00000000 5.40416672 1000.00000000
Pass- Realized Unpaid
Through Accrued Interest Loss Interest Interest
Class Rate Interest Shortfall Interest Shortfall Payment
- ----- ---- -------- --------- -------- --------- -------
4C-A1 6.48500% 28,345.55 0.00 0.00 0.00 28,345.55
4C-A2 6.48500% 230,963.22 0.00 0.00 0.00 230,963.22
Total: 259,308.77 0.00 0.00 0.00 259,308.77
Ending
Beginning Principal Principal Extraordinary Principal Total
Class Balance Payment Loss Expenses Balance Payment
- ----- ------- ------- ---- -------- ------- -------
4C-A1 5,245,128.41 81,957.80 0.00 0.00 5,163,170.61 110,303.35
4C-A2 42,737,989.39 0.00 0.00 0.00 42,737,989.39 230,963.22
Total: 47,983,117.80 81,957.80 0.00 0.00 47,901,160.00 341,266.57
Interest Principal Total Ending
CUSIP Original Payment Payment Payment Balance
Class Number Balance Factor Factor Factor Factor
- ----- ------ ------- ------ ------ ------ ------
4D-A1 760944WM6 2,619,947.27 5.81260553 0.00000000 5.81260553 1000.00000000
4D-A2 760944WM6 13,418,956.18 5.81260710 0.00000000 5.81260710 1000.00000000
4D-A3 760944WM6 14,409,709.96 5.81260693 0.00000000 5.81260693 1000.00000000
4D-A4 760944WM6 3,047,638.66 5.81260509 0.00000000 5.81260509 1000.00000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Pass- Realized Unpaid
Through Accrued Interest Loss Interest Interest
Class Rate Interest Shortfall Interest Shortfall Payment
- ----- ---- -------- --------- -------- --------- -------
<S> <C> <C> <C> <C> <C> <C>
4D-A1 6.98500% 15,250.28 21.55 0.00 0.00 15,228.72
4D-A2 6.98500% 78,109.51 110.38 0.00 0.00 77,999.12
4D-A3 6.98500% 83,876.52 118.54 0.00 0.00 83,757.98
4D-A4 6.98500% 17,739.80 25.07 0.00 0.00 17,714.72
Total: 194,976.11 275.54 0.00 0.00 194,700.54
Ending
Beginning Principal Principal Extraordinary Principal Total
Class Balance Payment Loss Expenses Balance Payment
- ----- ------- ------- ---- -------- ------- -------
4D-A1 2,619,947.27 0.00 0.00 0.00 2,619,947.27 15,228.72
4D-A2 13,418,956.18 0.00 0.00 0.00 13,418,956.18 77,999.12
4D-A3 14,409,709.96 0.00 0.00 0.00 14,409,709.96 83,757.98
4D-A4 3,047,638.66 0.00 0.00 0.00 3,047,638.66 17,714.72
Total: 33,496,252.07 0.00 0.00 0.00 33,496,252.07 194,700.54
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Certificate Information
Aggregate Certificate Principal Balance: 172,636,228.86
Trustee Fee: 2,161.10
Extraordinary Expenses: 0.00
Aggregate Realized Interest Losses: 0.00
Aggregate Realized Principal Losses: 0.00
</TABLE>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 31-Oct-1996
Distribution Date: 25-Nov-1996
PHMSC Series 1994-8
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
<TABLE>
<CAPTION>
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
- ----- ----- ---- ------ ------- ----------
<S> <C> <C> <C> <C> <C>
A-1 74434T5A1 4.75000 46,080,000.00 27,273,072.90 0.59186356
A-2 74434T5B9 6.58791 44,393,000.00 44,393,000.00 1.00000000
A-3 74434T5C7 6.75000 4,200,000.00 4,200,000.00 1.00000000
A-4 74434T5D5 7.14618 21,911,000.00 21,911,000.00 1.00000000
A-5 74434T5E3 6.87500 49,000,000.00 49,000,000.00 1.00000000
A-6 74434T5F0 7.25000 12,066,000.00 12,066,000.00 1.00000000
A-7 74434T5G8 5.93750 116,650,000.00 86,762,705.49 0.76235924
A-8 74434T5H6 3.06250 0.00 0.00 0.00000000
A-9 74434T5J2 7.30000 4,956,000.00 4,678,866.15 0.94408114
A-10 74434T5K9 6.68750 53,655,000.00 50,654,673.80 0.94408114
A-11 74434T5L7 9.93015 12,495,000.00 11,796,293.90 0.94408114
A-12 74434T5M5 5.93750 1,390,000.00 1,390,000.00 1.00000000
A-13 74434T5N3 9.00000 223,000.00 223,000.00 1.00000000
A-14 74434T5P8 6.88750 20,294,000.00 19,159,182.74 0.94408114
A-15 74434T5Q6 9.07132 4,726,000.00 4,461,727.49 0.94408114
A-16 74434T5R4 7.14618 22,472,000.00 21,833,656.76 0.97159384
A-17 74434T5S2 5.00000 9,293,000.00 8,835,345.03 0.95075272
A-18 74434UTL8 0.08349 0.00 0.00 0.00000000
A-R 74434T5T0 7.30000 1,000.00 944.08 0.94408000
A-LR 74434T5U7 7.30000 1,000.00 944.08 0.94408000
M 74434T5V5 7.30000 6,763,000.00 6,574,454.59 0.97212104
B PHM94008B 7.30000 20,288,728.46 19,723,099.80 0.97212104
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
- ----- ------------ ------------ --------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C>
A-1 147,382.97 428,034.81 0.00 0.00 0.00 575,417.79
A-2 0.00 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00 0.00
A-6 0.00 0.00 0.00 0.00 0.00 0.00
A-7 221,074.46 642,052.22 0.00 0.00 0.00 863,126.68
A-8 0.00 0.00 0.00 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00 0.00 0.00
A-11 0.00 0.00 0.00 0.00 0.00 0.00
A-12 0.00 0.00 0.00 0.00 0.00 0.00
A-13 0.00 0.00 0.00 0.00 0.00 0.00
A-14 0.00 0.00 0.00 0.00 0.00 0.00
A-15 0.00 0.00 0.00 0.00 0.00 0.00
A-16 0.00 0.00 0.00 0.00 0.00 0.00
A-17 0.00 0.00 0.00 0.00 0.00 0.00
A-18 0.00 0.00 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00 0.00 0.00
M 6,534.50 0.00 0.00 0.00 0.00 6,592.21
B 19,595.77 0.00 0.00 0.00 (7.46) 19,595.77
- ----------
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
- ----- -------- -------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
A-1 110,233.61 0.00 0.00 0.00 0.00
A-2 243,714.24 0.00 0.00 0.00 0.00
A-3 23,625.00 0.00 0.00 0.00 0.00
A-4 130,483.29 0.00 0.00 0.00 0.00
A-5 280,729.17 0.00 0.00 0.00 0.00
A-6 72,898.75 0.00 0.00 0.00 0.00
A-7 438,513.23 0.00 0.00 0.00 0.00
A-8 229,727.91 0.00 0.00 0.00 0.00
A-9 28,463.10 0.00 0.00 0.00 0.00
A-10 282,294.28 0.00 0.00 0.00 0.00
A-11 97,615.78 0.00 0.00 0.00 0.00
A-12 6,877.60 0.00 0.00 0.00 0.00
A-13 1,672.50 0.00 0.00 0.00 0.00
A-14 109,965.73 0.00 0.00 0.00 0.00
A-15 33,728.14 0.00 0.00 0.00 0.00
A-16 130,022.70 0.00 0.00 0.00 0.00
A-17 36,813.94 0.00 0.00 0.00 0.00
A-18 27,919.48 0.00 0.00 0.00 0.00
A-R 5.74 0.00 0.00 0.00 0.00
A-LR 5.74 0.00 0.00 0.00 0.00
M 40,034.35 0.00 0.00 0.00 0.00
B 120,101.44 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
- ----- ------------------ ------- ---------- ------------
<S> <C> <C> <C> <C>
A-1 0.00 27,273,072.90 0.00 110,233.61
A-2 0.00 44,393,000.00 0.00 243,714.24
A-3 0.00 4,200,000.00 0.00 23,625.00
A-4 0.00 21,911,000.00 0.00 130,483.29
A-5 0.00 49,000,000.00 0.00 280,729.17
A-6 0.00 12,066,000.00 0.00 72,898.75
A-7 0.00 86,762,705.49 0.00 438,513.23
A-8 0.00 0.00 0.00 229,727.91
A-9 0.00 4,678,866.15 0.00 28,463.10
A-10 0.00 50,654,673.80 0.00 282,294.28
A-11 0.00 11,796,293.90 0.00 97,615.78
A-12 0.00 1,390,000.00 0.00 6,877.60
A-13 0.00 223,000.00 0.00 1,672.50
A-14 0.00 19,159,182.74 0.00 109,965.73
A-15 0.00 4,461,727.49 0.00 33,728.14
A-16 0.00 21,833,656.76 0.00 130,022.70
A-17 0.00 8,835,345.03 0.00 36,813.94
A-18 0.00 397,400,346.28 0.00 27,919.48
A-R 0.00 944.08 0.00 5.74
A-LR 0.00 944.08 0.00 5.74
M 0.00 6,574,454.59 0.00 40,034.35
B 0.00 19,723,099.80 0.00 120,101.44
- ----------
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 2,522,24
Servicing Fee Support 2,522,24
Non-Supported Prepayment Interest Shortfall 0.00
SERVICING FEES
Gross Servicing Fee 66,233.39
Supported Prepayment/Curtailment Interest Shortfall 2,522,24
Net Servicing Fees 63,711.15
SERVICER ADVANCES
Beginning Balance 0.00
Current Period Advances By Servicer 0.00
Reimbursement of Advances 0.00
Ending Cumulative Advances 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
- ---- ----- -------
<S> <C> <C>
30 Days 9 2,761,476.60
60 Days 2 441,385.23
90+ Days 1 262,112.68
Foreclosure 2 325,247.08
REO 0 0.00
Totals 14 3,780,223.59
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 759,453.15
Current Period Realized Loss - Includes Interest Shortfall (7.46)
Cumulative Realized Losses - Includes Interest Shortfall 87,851.75
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
Collateral Description Fixed 30 Year
- ---------------------- -------------
<S> <C>
Weighted Average Gross Coupon 7.583391%
Weighted Average Pass-Through Rate 7.300000%
Weighted Average Maturity (Stepdown Calculation) 326 Months
Beginning Scheduled Collateral Loan Count 1,583
Number of Loans Paid in Full 5
Ending Scheduled Collateral Loan Count 1,578
Beginning Scheduled Collateral Balance 397,402,648.99
Ending Scheduled Collateral Balance 395,937,966.80
Ending Actual Collateral Balance at 31-Oct-1996 396,517,927.05
Monthly P&I Constant 2,902,758.68
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
- ---------------- ---------- ---------- --------- ---------
<S> <C> <C> <C> <C>
Bankruptcy 148,000.00 0.03282632% 148,000.00 0.03757538%
Fraud 9,017,154.57 2.00000000% 4,149,761.18 1.04608367%
Special Hazard 6,464,898.70 1.43391103% 5,142,703.18 1.29886589%
- ----------
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
- ----- ---------- ---------- --------- ---------
<S> <C> <C> <C> <C>
A 27,051,728.46 6.00005872% 26,297,554.39 6.64183700%
M 20,288,728.46 4.50002898% 19,723,099.80 4.98136109%
B 0.00 0.00000000% 0.00 0.00000000%
- ----------
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 1996
REMIC Multi-Class Pass-Through Certificates
Series 1994-11
With respect to the Agreement and as of the Determination Date for
this month:
A. Mortgage Loan Information:
<TABLE>
<CAPTION>
1. Aggregate Scheduled Monthly Payments:
<S> <C>
(a) Principal ....$ 494,804.91
(b) Interest .....$ 2,822,871.12
(c) Total ........$ 3,317,676.03
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal ....$ 494,804.91
(b) Interest .....$ 2,740,650.81
(c) Total ........$ 3,235,455.72
3. Aggregate Principal Prepayments in part received
and applied in prior month: ............$ 115,696.27
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal ....$ 1,754,537.40
(b) Interest .....$ 6,541.53
(c) Total ........$ 1,761,078.93
5. Aggregate Insurance Proceeds (including purchases of
Mortgage Loans by primary mortgage insurers) for prior
month:
(a) Principal ....$ 0.00
(b) Interest .....$ 0.00
(c) Total ........$ 0.00
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal ....$ 0.00
(b) Interest .....$ 0.00
(c) Total ........$ 0.00
7. Aggregate Purchase Prices for Defaulted and Modified
Mortgage Loans:
(a) Principal ....$ 0.00
(b) Interest .....$ 0.00
(c) Total ........$ 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
8. Aggregate Purchase Prices (and substitution adjustments)
for Defective Mortgage Loans:
<S> <C>
(a) Principal ....$ 0.00
(b) Interest .....$ 0.00
(c) Total ........$ 0.00
9. Pool Scheduled Principal Balance: .......$ 463,877,217.47
10. Available Funds: ........................$ 5,112,230.92
11. Realized Losses for prior month: .........$ 0.00
12. Aggregate Realized Losses and Debt Service
Reductions:
(a) Deficient Valuations: ..............$ 0.00
(b) Bankruptcy Losses: .................$ 0.00
(c) Special Hazard Losses: .............$ 0.00
(d) Fraud Losses: ......................$ 0.00
(e) Excess Bankruptcy Losses: ..........$ 0.00
(f) Excess Special Hazard Losses: ......$ 0.00
(g) Excess Fraud Losses: ...............$ 0.00
(h) Debt Service Reductions: ..........$ 0.00
13. Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Class 11-A1...$ 471,004.17 $ 0.00 6.48899585%
Class 11-A2...$ 68,687.80 $ 0.00 9.98307155%
Class 11-A3...$ 80,789.82 $ 0.00 6.48899564%
Class 11-A4...$ 236,422.55 $ 0.00 5.89001166%
Class 11-A5...$ 122,160.76 $ 0.00 6.48899615%
Class 11-A6...$ 93,960.66 $ 0.00 6.48899586%
Class 11-A7...$ 58,342.13 $ 0.00 5.82911496%
Class 11-A8...$ 31,584.09 $ 0.00 8.20468719%
Class 11-A9...$ 85,996.27 $ 0.00 6.48899625%
Class 11-A10..$ 159,672.55 $ 0.00 6.48899553%
Class 11-A11..$ 229,322.73 $ 0.00 6.48899590%
Class 11-A12..$ 311,832.13 $ 0.00 6.48899589%
Class 11-A13..$ 275,498.85 $ 0.00 6.48899580%
Class 11-A14..$ 122,716.55 $ 0.00 6.48899553%
Class 11-A15..$ 6,391.49 $ 0.00 6.48899872%
Class 11-M....$ 62,742.17 $ 0.00 6.48899622%
Class 11-B1...$ 41,826.36 $ 0.00 6.48899601%
Class 11-B2...$ 27,885.99 $ 0.00 6.48899553%
Class 11-B3...$ 16,731.60 $ 0.00 6.48899788%
Class 11-B4...$ 2,785.98 $ 0.00 6.48901672%
Class 11-B5...$ 14,846.49 $ 0.00 6.48898148%
Class 11-S....$ 225,988.97 $ 0.00 0.58164347%
Class 11-R....$ 0.00 $ 0.00 0.00000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
14. Principal distributable:
<S> <C> <C> <C>
Class 11-A1.... $ 2,112,419.92 Class 11-A12... $ 0.00
Class 11-A2.... $ 0.00 Class 11-A13... $ 0.00
Class 11-A3.... $ 179,505.45 Class 11-A14... $ 0.00
Class 11-A4.... $ 0.00 Class 11-A15... $ 0.00
Class 11-A5.... $ 0.00 Class 11-M..... $ 12,313.62
Class 11-A6.... $ 0.00 Class 11-B1.... $ 8,208.73
Class 11-A7.... $ 0.00 Class 11-B2.... $ 5,472.83
Class 11-A8.... $ 0.00 Class 11-B3.... $ 3,283.70
Class 11-A9.... $ 0.00 Class 11-B4.... $ 546.77
Class 11-A10... $ 0.00 Class 11-B5.... $ 2,913.74
Class 11-A11... $ 169,481.86 Class 11-R..... $ 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
15. Additional distributions to the Class 11-R Certificate
pursuant to Section 4.01(b): ............ $ 2.23
16. Certificate Interest Rates of:
Class 11-A7 Certificates 5.83900000%
Class 11-A8 Certificates 8.21860000%
Class 11-S Certificates. 0.58270000%
B. Other Amounts:
1. Senior Percentage for such Distribution Date 93.383374%
2. Senior Prepayment Percentage for such Dist 100.000000%
3. Junior Percentage for such Distribution Da 6.616626%
4. Junior Prepayment Percentage for such Dist 0.000000%
5. Subordinate Certificate Writedown Amount for such
Distribution Date: ......................$ 0.00
6. Prepayment Distribution Triggers satisfied:
YES NO
Class 11-B1...... X
Class 11-B2...... X
Class 11-B3...... X
Class 11-B4...... X
Class 11-B5...... X
</TABLE>
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
--------------------------------
Karen Pickett
<PAGE>
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
NOVEMBER 1996
REMIC Multi-Class Pass-Through Certificates
Series 1994-11
(a) The amounts below are for a Single Certificate of $1,000.
<TABLE>
<CAPTION>
i) The amount of such distribution allocable to principal:
<S> <C> <C> <C> <C>
Class 11-A1.... $ 16.01907893 Class 11-A12... $ 0.00000000
Class 11-A2.... $ 0.00000000 Class 11-A13... $ 0.00000000
Class 11-A3.... $ 5.86983585 Class 11-A14... $ 0.00000000
Class 11-A4.... $ 0.00000000 Class 11-A15... $ 0.00000000
Class 11-A5.... $ 0.00000000 Class 11-M..... $ 1.03163706
Class 11-A6.... $ 0.00000000 Class 11-B1.... $ 1.03163630
Class 11-A7.... $ 0.00000000 Class 11-B2.... $ 1.03163619
Class 11-A8.... $ 0.00000000 Class 11-B3.... $ 1.03163682
Class 11-A9.... $ 0.00000000 Class 11-B4.... $ 1.03164151
Class 11-A10... $ 0.00000000 Class 11-B5.... $ 0.99767107
Class 11-A11... $ 3.68438826 Class 11-R..... $ 0.00000000
</TABLE>
Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date);
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Class 11-A1.... 12.84544492 Class 11-A12... 0.00000000
Class 11-A2.... 0.00000000 Class 11-A13... 0.00000000
Class 11-A3.... 4.70692812 Class 11-A14... 0.00000000
Class 11-A4.... 0.00000000 Class 11-A15... 0.00000000
Class 11-A5.... 0.00000000 Class 11-M..... 0.00000000
Class 11-A6.... 0.00000000 Class 11-B1.... 0.00000000
Class 11-A7.... 0.00000000 Class 11-B2.... 0.00000000
Class 11-A8.... 0.00000000 Class 11-B3.... 0.00000000
Class 11-A9.... 0.00000000 Class 11-B4.... 0.00000000
Class 11-A10... 0.00000000 Class 11-B5.... 0.00000000
Class 11-A11... 2.95445242 Class 11-R..... 0.00000000
</TABLE>
ii) The amount of such distribution to the Certificateholders
of each class, allocable to Interest:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Class 11-A1.... 3.57175811 Class 11-A13... 5.37223295
Class 11-A2.... 8.31922629 Class 11-A14... 6.39148698
Class 11-A3.... 2.64183055 Class 11-A15... 6.39149000
Class 11-A4.... 4.90834305 Class 11-M..... 5.25654910
Class 11-A5.... 5.40749679 Class 11-B1.... 5.25654895
Class 11-A6.... 5.40749655 Class 11-B2.... 5.25654854
Class 11-A7.... 4.66971572 Class 11-B3.... 5.25655042
Class 11-A8.... 6.57279142 Class 11-B4.... 5.25656604
Class 11-A9.... 5.19834794 Class 11-B5.... 5.08347126
Class 11-A10... 5.40749627 Class 11-S..... 0.42597189
Class 11-A11... 4.98527674 Class 11-R..... 0.00000000
Class 11-A12... 5.28529034
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
iii) The amount of servicing compensation received by
during the month preceding the month of distribut 0.15954404
(b) The amounts below are for the aggregate of all Certificat
iv) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions
allocable to principal made on such Distribution $ 463,877,217.47
The aggregate number of loans included in the Pool Scheduled
Principal Balances .................................. 1,665
v) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to all distributions allocable to principal
made on such Distribution Date and the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
</TABLE>
<TABLE>
<CAPTION>
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
<S> <C> <C>
Class 11-A1.......................$ 84,989,655.20 644.50
Class 11-A2.......................$ 8,256,513.00 1,000.00
Class 11-A3.......................$ 14,760,831.92 482.68
Class 11-A4.......................$ 48,167,487.00 1,000.00
Class 11-A5.......................$ 22,591,000.00 1,000.00
Class 11-A6.......................$ 17,376,000.00 1,000.00
Class 11-A7.......................$ 12,010,494.99 961.32
Class 11-A8.......................$ 4,619,421.45 961.32
Class 11-A9.......................$ 15,903,156.68 961.32
Class 11-A10......................$ 29,528,000.00 1,000.00
Class 11-A11......................$ 42,238,816.79 918.24
Class 11-A12......................$ 57,666,634.75 977.40
Class 11-A13......................$ 50,947,578.04 993.48
Class 11-A14......................$ 22,816,500.11 1,188.36
Class 11-A15......................$ 1,188,359.36 1,188.36
Class 11-M........................$ 11,590,498.51 971.05
Class 11-B1.......................$ 7,726,675.36 971.05
Class 11-B2.......................$ 5,151,440.57 971.05
Class 11-B3.......................$ 3,090,864.33 971.05
Class 11-B4.......................$ 514,658.56 971.05
Class 11-B5.......................$ 2,742,630.85 939.08
Class 11-S........................$ 463,877,217.47 874.37
Class 11-R........................$ 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
vi) The Pay-out Rate applicable to each class of Certificates:
<S> <C> <C> <C>
Class 11-A1.... 6.48899585% Class 11-A13... 6.48899580%
Class 11-A2.... 9.98307155% Class 11-A14... 6.48899553%
Class 11-A3.... 6.48899564% Class 11-A15... 6.48899872%
Class 11-A4.... 5.89001166% Class 11-M..... 6.48899622%
Class 11-A5.... 6.48899615% Class 11-B1.... 6.48899601%
Class 11-A6.... 6.48899586% Class 11-B2.... 6.48899553%
Class 11-A7.... 5.82911496% Class 11-B3.... 6.48899788%
Class 11-A8.... 8.20468719% Class 11-B4.... 6.48901672%
Class 11-A9.... 6.48899625% Class 11-B5.... 6.48898148%
Class 11-A10... 6.48899553% Class 11-S..... 0.58164347%
Class 11-A11... 6.48899590% Class 11-R..... 0.00000000%
Class 11-A12... 6.48899589%
</TABLE>
<PAGE>
vii) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu
of foreclosure or otherwise, of any REO Mortgage Loan:
<TABLE>
<CAPTION>
<S> <C>
book value................................$ 0.00
unpaid principal balance..................$ 0.00
number of related mortgage loans.......... 0
viii) The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 15 Principal Balance $ 3,791,801.43
(2) 60-89 days
Number 1 Principal Balance $ 50,596.73
(3) 90 days or more
Number 1 Principal Balance $ 341,166.84
(b) in foreclosure
Number 4 Principal Balance $ 924,983.58
ix) The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to Section 2.03(b), and of any Modified Mortgage Loan
purchased pursuant to Section 3.01 ($ 0.00
</TABLE>
x) Certificate Interest Rates of the following classes applicable to
the Interest Accrual Period for such Distribution Date;
<TABLE>
<CAPTION>
<S> <C>
Class 11-A7 Certificates 5.83900000%
Class 11-A8 Certificates 8.21860000%
Class 11-S Certificates. 0.58270%
Certificate Interest Rates of the following classes applicable to
the current Interest Accrual Period;
Class 11-A7 Certificates 5.83400000%
Class 11-A8 Certificates 8.23160000%
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
xi) The Senior Percentage for such Distribution Date; ..... 93.383374%
The Junior Percentage for such Distribution Date; .... 6.616626%
xii) The Senior Prepayment Percentage for such Distribution. 100.000000%
The Junior Prepayment Percentage for such Distribution. 0.000000%
</TABLE>
The Bank of New York
Corporate Trust / MBS Group
ISSUER NAME: CWMBS INC
SERIES: 1993-E
<TABLE>
<CAPTION>
NET CURRENT
CURRENT INTEREST INTEREST DEFERRED PREPAY INT UNPAID
CUSIP(1) CLASS FACTOR FACTOR AMOUNT INTEREST SHORTFALL INTEREST
- ------- ----- ------ ------ ------ -------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
126690NE2 A1 0.50029417662 2.83069354 205791.42 0.00 0.00 0.00
126690NF9 A2 1.00000000000 5.41666667 42753.75 0.00 0.00 0.00
126690NG7 A3 1.00000000000 5.41666679 143444.17 0.00 0.00 0.00
126690NH5 A4 1.00000000000 5.41666699 56262.92 0.00 0.00 0.00
126690NJ1 A5 0.98861163956 5.35497954 53662.25 0.00 0.00 0.00
126690NK8 A6 1.00000000000 5.41666667 133835.00 0.00 0.00 0.00
126690NL6 A7 1.00000000000 5.41666667 5622.50 0.00 0.00 0.00
126690NM4 A8 0.95802321002 5.19817112 269930.63 0.00 0.00 0.00
A8-1 0.73758776066 4.05868501 29506.64 0.00 0.00 0.00
A8-2 0.99390850979 5.38367101 240423.98 0.00 0.00 0.00
126690NN2 A9 0.95488257069 4.98926150 237673.45 0.00 0.00 0.00
126690NP7 A10 0.95488257054 5.64779840 103484.61 0.00 0.00 0.00
126690NQ5 A11 1.00000000000 0.54166667 113636.25 0.00 0.00 0.00
126690NR3 PO 0.83216430629 0.00000000 0.00 0.00 0.00 0.00
126690NS1 AR 0.85757000000 10.61000000 10.61 0.00 0.00 0.00
126690NT9 B1 0.96760385179 5.24683159 40831.62 0.00 0.00 0.00
126690NU6 B2 0.96760385388 5.24683237 16332.45 0.00 0.00 0.00
126690NV4 B3 0.96760384149 5.24683288 12249.34 0.00 0.00 0.00
126690NX0 B4 0.96760385988 5.24683040 14699.20 0.00 0.00 0.00
126690NY8 B5 0.96760386310 5.24682718 5716.35 0.00 0.00 0.00
126690NZ5 B6 0.96760383446 5.24682662 4491.42 0.00 0.00 0.00
126690PA8 B7 0.87549095530 4.74734922 3324.97 0.00 0.00 0.00
CUMMULATIVE
UNPAID RECORD PRIOR
INTEREST PAYDATE DATE FACTOR
-------- ------- ---- ------
126690NE2 A1 0.00 11/25/96 10/31/96 0.52258956958
126690NF9 A2 0.00 11/25/96 10/31/96 1.00000000000
126690NG7 A3 0.00 11/25/96 10/31/96 1.00000000000
126690NH5 A4 0.00 11/25/96 10/31/96 1.00000000000
126690NJ1 A5 0.00 11/25/96 10/31/96 0.98861163956
126690NK8 A6 0.00 11/25/96 10/31/96 1.00000000000
126690NL6 A7 0.00 11/25/96 10/31/96 1.00000000000
126690NM4 A8 0.00 11/25/96 10/31/96 0.95966235595
A8-1 0.00 11/25/96 10/31/96 0.74929581706
A8-2 0.00 11/25/96 10/31/96 0.99390850979
126690NN2 A9 0.00 11/25/96 10/31/96 0.95488257069
126690NP7 A10 0.00 11/25/96 10/31/96 0.95488257054
126690NQ5 A11 0.00 11/25/96 10/31/96 1.00000000000
126690NR3 PO 0.00 11/25/96 10/31/96 0.85135334335
126690NS1 AR 0.00 11/25/96 10/31/96 0.86341000000
126690NT9 B1 0.00 11/25/96 10/31/96 0.96864575715
126690NU6 B2 0.00 11/25/96 10/31/96 0.96864575924
126690NV4 B3 0.00 11/25/96 10/31/96 0.96864574684
126690NX0 B4 0.00 11/25/96 10/31/96 0.96864576524
126690NY8 B5 0.00 11/25/96 10/31/96 0.96864576847
126690NZ5 B6 0.00 11/25/96 10/31/96 0.96864573980
126690PA8 B7 0.00 11/25/96 10/31/96 0.87643367449
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RATE ORIGINAL CURRENT PRINCIPAL PAY PRINCIPAL
CUSIP(1) CLASS TYPE RATE BALANCE BALANCE FACTOR AMOUNT
- -------- ----- ---- ---- ------- ------- ------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
126690NE2 A1 FIX 6.5000000 72700000.00 36371386.64 22.29539296 1620875.07
126690NF9 A2 FIX 6.5000000 7893000.00 7893000.00 0.00000000 0.00
126690NG7 A3 FIX 6.5000000 26482000.00 26482000.00 0.00000000 0.00
126690NH5 A4 FIX 6.5000000 10387000.00 10387000.00 0.00000000 0.00
126690NJ1 A5 FIX 6.5000000 10021000.00 9906877.24 0.00000000 0.00
126690NK8 A6 FIX 6.5000000 24708000.00 24708000.00 0.00000000 0.00
126690NL6 A7 FIX 6.5000000 1038000.00 1038000.00 0.00000000 0.00
126690NM4 A8 FIX 6.5000000 51928000.00 49748229.25 1.63914593 85117.57
A8-1 FIX 6.5000000 7270000.00 5362263.02 11.70805640 85117.57
A8-2 FIX 6.5000000 44658000.00 44385966.23 0.00000000 0.00
126690NN2 A9 VAR 6.2700000 47637000.00 45487741.02 0.00000000 0.00
126690NP7 A10 VAR 7.0975830 18323000.00 17496313.34 0.00000000 0.00
126690NQ5 A11 FIX 6.5000000 20979000.00 20979000.00 0.00000000 0.00
126690NR3 PO PO 0.0000000 508112.00 422832.67 19.18903706 9750.18
126690NS1 AR FIX 6.5000000 1000.00 857.57 5.84000000 5.84
126690NT9 B1 FIX 6.5000000 7782148.00 7530036.38 1.04190536 8108.26
126690NU6 B2 FIX 6.5000000 3112821.00 3011977.60 1.04190536 3243.26
126690NV4 B3 FIX 6.5000000 2334616.00 2258983.41 1.04190535 2432.45
126690NX0 B4 FIX 6.5000000 2801539.00 2710779.95 1.04190536 2918.94
126690NY8 B5 FIX 6.5000000 1089487.00 1054191.83 1.04190537 1135.14
126690NZ5 B6 FIX 6.5000000 856026.00 828294.04 1.04190534 891.90
126690PA8 B7 FIX 6.5000000 700384.54 613180.33 0.94271919 660.27
TOTAL CLASS CURRENT CUMMULATIVE
CUSIP(1) CLASS DISTRIBUTION PRINCIPAL PRINCIPAL
------- ----- ------------ --------- ---------
126690NE2 A1 1826666.49 0.00 0.00
126690NF9 A2 42753.75 0.00 0.00
126690NG7 A3 143444.17 0.00 0.00
126690NH5 A4 56262.92 0.00 0.00
126690NJ1 A5 53662.25 0.00 0.00
126690NK8 A6 133835.00 0.00 0.00
126690NL6 A7 5622.50 0.00 0.00
126690NM4 A8 355048.20 0.00 0.00
A8-1 114624.21 0.00 0.00
A8-2 240423.98 0.00 0.00
126690NN2 A9 237673.45 0.00 0.00
126690NP7 A10 103484.61 0.00 0.00
126690NQ5 A11 113636.25 0.00 0.00
126690NR3 PO 9750.18 0.00 0.00
126690NS1 AR 16.45 0.00 0.00
126690NT9 B1 48939.88 0.00 0.00
126690NU6 B2 19575.71 0.00 0.00
126690NV4 B3 14681.79 0.00 0.00
126690NX0 B4 17618.14 0.00 0.00
126690NY8 B5 6851.49 0.00 0.00
126690NZ5 B6 5383.32 0.00 0.00
126690PA8 B7 3985.24 0.00 0.00
</TABLE>
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
CONDUIT MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1993-S34 (POOL # 4127)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL INTEREST
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION DISTRIBUTION
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 760944VR6 59,151,000.00 35,617,673.78 5.4000 % 527,911.86 160,053.50
A-2 760944VT2 18,171,000.00 18,171,000.00 6.4500 % 0.00 97,531.39
A-3 760944WL8 4,309,000.00 4,309,000.00 7.0000 % 0.00 25,100.38
A-4 760944WM6 34,777,700.00 33,496,926.28 7.0000 % 0.00 195,123.18
A-5 760944WN4 491,000.00 448,220.39 7.0000 % 0.00 2,610.93
A-6 760944VS4 29,197,500.00 26,829,850.30 6.0000 % 0.00 133,960.07
A-7 760944WW4 9,732,500.00 8,943,283.44 10.0000 % 0.00 74,422.26
A-8 760944WX2 20,191,500.00 17,081,606.39 5.9890 % 0.00 85,131.22
A-9 760944WY0 8,653,500.00 7,320,688.44 9.3590 % 0.00 57,014.76
A-10 760944WU8 8,704,536.00 8,704,536.00 6.6875 % 0.00 48,441.24
A-11 760944WV6 3,108,764.00 3,108,764.00 7.8750 % 0.00 20,372.49
A-12 760944WH7 4,096,000.00 0.00 7.0000 % 0.00 0.00
A-13 760944WJ3 0.00 0.00 7.0000 % 0.00 55,739.89
A-14 760944WK0 0.00 0.00 0.1522 % 0.00 22,384.81
R-I 760944WS3 100.00 0.00 7.0000 % 0.00 0.00
R-II 760944WT1 100.00 0.00 7.0000 % 0.00 0.00
M-1 760944WP9 5,348,941.00 5,167,510.79 7.0000 % 5,469.29 30,101.30
M-2 760944WQ7 3,209,348.00 3,100,490.44 7.0000 % 3,281.56 18,060.68
M-3 760944WR5 2,139,566.00 2,066,994.26 7.0000 % 2,187.70 12,040.47
B-1 1,390,718.00 1,343,546.37 7.0000 % 1,422.01 7,826.30
B-2 320,935.00 310,049.26 7.0000 % 328.16 1,806.07
B-3 962,805.06 668,936.91 7.0000 % 707.99 3,896.62
- -----------------------------------------------------------------------------------------------
213,956,513.06 176,689,077.05 541,308.57 1,051,617.56
===============================================================================================
- ----------------------------------------------------------------------------------------
REMAINING
TOTAL *DEFERRED PRINCIPAL INTEREST PRINCIPAL
CLASS CUSIP DISTRIBUTION INTEREST LOSS LOSS BALANCE
- -----------------------------------------------------------------------------------------
A-1 760944VR6 687,965.36 0.00 0.00 0.00 35,089,761.92
A-2 760944VT2 97,531.39 0.00 0.00 0.00 18,171,000.00
A-3 760944WL8 25,100.38 0.00 0.00 0.00 4,309,000.00
A-4 760944WM6 195,123.18 0.00 0.00 0.00 33,496,926.28
A-5 760944WN4 2,610.93 0.00 0.00 0.00 448,220.39
A-6 760944VS4 133,960.07 0.00 0.00 0.00 26,829,850.30
A-7 760944WW4 74,422.26 0.00 0.00 0.00 8,943,283.44
A-8 760944WX2 85,131.22 0.00 0.00 0.00 17,081,606.39
A-9 760944WY0 57,014.76 0.00 0.00 0.00 7,320,688.44
A-10 760944WU8 48,441.24 0.00 0.00 0.00 8,704,536.00
A-11 760944WV6 20,372.49 0.00 0.00 0.00 3,108,764.00
A-12 760944WH7 0.00 0.00 0.00 0.00 0.00
A-13 760944WJ3 55,739.89 0.00 0.00 0.00 0.00
A-14 760944WK0 22,384.81 0.00 0.00 0.00 0.00
R-I 760944WS3 0.00 0.00 0.00 0.00 0.00
R-II 760944WT1 0.00 0.00 0.00 0.00 0.00
M-1 760944WP9 35,570.59 0.00 0.00 0.00 5,162,041.50
M-2 760944WQ7 21,342.24 0.00 0.00 0.00 3,097,208.88
M-3 760944WR5 14,228.17 0.00 0.00 0.00 2,064,806.56
B-1 9,248.31 0.00 0.00 0.00 1,342,124.36
B-2 2,134.23 0.00 0.00 0.00 309,721.10
B-3 4,604.61 0.00 0.00 0.00 668,228.92
- -----------------------------------------------------------------------------------------
1,592,926.13 0.00 0.00 0.00 176,147,768.48
=========================================================================================
</TABLE>
<PAGE>
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
CONDUIT MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1993-S34 (POOL # 4127)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
===========================================================================================================
AMOUNTS PER $1,000 UNIT
- -----------------------------------------------------------------------------------------------------------
PRINCIPAL PREPAYMENT PRINCIPAL
BALANCE BEFORE PRINCIPAL INTEREST INTEREST TOTAL DEFERRED BALANCE AFTER
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION SHORTFALL DISTRIBUTION INTEREST DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 602.148295 8.924817 2.705846 0.003821 11.630663 0.000000 593.223478
A-2 1,000.000000 0.000000 5.367420 0.007580 5.367420 0.000000 1,000.000000
A-3 1,000.000000 0.000000 5.825106 0.008227 5.825106 0.000000 1,000.000000
A-4 963.172558 0.000000 5.610583 0.007923 5.610583 0.000000 963.172558
A-5 912.872485 0.000000 5.317576 0.007515 5.317576 0.000000 912.872485
A-6 918.909163 0.000000 4.588066 0.006479 4.588066 0.000000 918.909164
A-7 918.909164 0.000000 7.646777 0.010799 7.646777 0.000000 918.909164
A-8 845.980060 0.000000 4.216191 0.005954 4.216191 0.000000 845.980060
A-9 845.980059 0.000000 6.588636 0.009305 6.588636 0.000000 845.980059
A-10 1,000.000000 0.000000 5.565057 0.007859 5.565057 0.000000 1,000.000000
A-11 1,000.000000 0.000000 6.553244 0.009254 6.553244 0.000000 1,000.000000
A-12 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 966.081097 1.022500 5.627525 0.007947 6.650025 0.000000 965.058598
M-2 966.081098 1.022501 5.627523 0.007949 6.650024 0.000000 965.058598
M-3 966.081093 1.022497 5.627529 0.007946 6.650026 0.000000 965.058596
B-1 966.081096 1.022501 5.627525 0.007946 6.650026 0.000000 965.058596
B-2 966.081169 1.022512 5.627526 0.007946 6.650038 0.000000 965.058657
B-3 694.779180 0.735331 4.047164 0.005712 4.782495 0.000000 694.043839
</TABLE>
* DEFERRED INTEREST - INCLUDES NON-CASH ALLOCATIONS
- --------------------------------------------------------
DETERMINATION DATE : 20-November-96
DISTRIBUTION DATE : 25-November-96
<PAGE>
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
INVESTOR REPORTING DEPARTMENT
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
CONDUIT MORTGAGE PASS-THROUGH CERTIFICATES 1993-S34 (POOL # 4127)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------
<S> <C>
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 38,079.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 18,603.52
SUBSERVICER ADVANCES THIS MONTH 18,466.89
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 7 1,978,418.13
(B) TWO MONTHLY PAYMENTS: 1 189,570.31
(C) THREE OR MORE MONTHLY PAYMENTS: 1 237,872.50
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 225,909.54
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 176,147,768.48
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 597
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 354,301.07
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
PERCENTAGE FOR CURRENT DISTRIBUTION 92.83627020 %
5.84925500 %
1.31447480 %
SENIOR ACCELERATED DISTRIBUTION PERCENTAGE 100.00000000 %
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ACCUMULATED PREPAYMENT ENDING
UNPAID INTEREST DISTRIBUTION % PERCENTAGES
--------------- -------------- -----------
<S> <C> <C> <C>
SENIOR 0.00 N/A 92.82186120 %
CLASS M-1 0.00 0.0000000 2.93051768 %
CLASS M-2 0.00 0.0000000 1.75830151 %
CLASS M-3 0.00 0.0000000 1.17220137 %
CLASS B-1 0.00 0.0000000 0.76193095 %
CLASS B-2 0.00 0.0000000 0.17583027 %
CLASS B-3 NOT TO BE REPAID 0.0000000 0.37935702 %
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 13,396.71
CLASS A-14
- STRIP PASS-THROUGH FOR NEXT DISTRIBUTION 0.1523 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,772,076.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,047,327.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.53628853 %
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.40
POOL TRADING FACTOR: 82.32877138 %
INDEX USED FOR THIS DISTRIBUTION:
11TH DISTRICT COST OF FUNDS: 4.8390 %
LIBOR: 5.4375 %
</TABLE>
<TABLE>
<CAPTION>
Component1 Component1 Component2
Original Beginning Ending Beginning Ending Beginning
Series Class Balance Balance Balance Balance Balance Balance
- ------ ----- ------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
1993-S34 A-1 59,151,000.00 35,617,673.78 35,089,761.92 0.00 0.00 0.00
1993-S34 A-2 18,171,000.00 18,171,000.00 18,171,000.00 0.00 0.00 0.00
1993-S34 A-3 4,309,000.00 4,309,000.00 4,309,000.00 0.00 0.00 0.00
1993-S34 A-4 34,777,700.00 33,496,926.28 33,496,926.28 2,620,000.00 2,620,000.00 13,419,226.28
1993-S34 A-5 491,000.00 448,220.39 448,220.39 0.00 0.00 0.00
1993-S34 A-6 29,197,500.00 26,829,850.30 26,829,850.30 0.00 0.00 0.00
1993-S34 A-7 9,732,500.00 8,943,283.44 8,943,283.44 0.00 0.00 0.00
1993-S34 A-8 20,191,500.00 17,081,606.39 17,081,606.39 0.00 0.00 0.00
1993-S34 A-9 8,653,500.00 7,320,688.44 7,320,688.44 0.00 0.00 0.00
1993-S34 A-10 8,704,536.00 8,704,536.00 8,704,536.00 0.00 0.00 0.00
1993-S34 A-11 3,108,764.00 3,108,764.00 3,108,764.00 0.00 0.00 0.00
1993-S34 A-12 4,096,000.00 0.00 0.00 0.00 0.00 0.00
1993-S34 A-13 0.00 0.00 0.00 0.00 0.00 0.00
1993-S34 A-14 0.00 0.00 0.00 0.00 0.00 0.00
1993-S34 R-I 100.00 0.00 0.00 0.00 0.00 0.00
1993-S34 R-II 100.00 0.00 0.00 0.00 0.00 0.00
1993-S34 M-1 5,348,941.00 5,167,510.79 5,162,041.50 0.00 0.00 0.00
1993-S34 M-2 3,209,348.00 3,100,490.44 3,097,208.88 0.00 0.00 0.00
1993-S34 M-3 2,139,566.00 2,066,994.26 2,064,806.56 0.00 0.00 0.00
1993-S34 B-1 1,390,718.00 1,343,546.37 1,342,124.36 0.00 0.00 0.00
1993-S34 B-2 320,935.00 310,049.26 309,721.10 0.00 0.00 0.00
1993-S34 B-3 962,805.06 668,936.91 668,228.92 0.00 0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Component2 Component3 Component3 Component4 Component4
Ending Beginning Ending Beginning Ending
Series Class Balance Balance Balance Balance Balance
------ ----- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C>
1993-S34 A-1 0.00 0.00 0.00 0.00 0.00
1993-S34 A-2 0.00 0.00 0.00 0.00 0.00
1993-S34 A-3 0.00 0.00 0.00 0.00 0.00
1993-S34 A-4 13,419,226.28 14,410,000.00 14,410,000.00 3,047,700.00 3,047,700.00
1993-S34 A-5 0.00 0.00 0.00 0.00 0.00
1993-S34 A-6 0.00 0.00 0.00 0.00 0.00
1993-S34 A-7 0.00 0.00 0.00 0.00 0.00
1993-S34 A-8 0.00 0.00 0.00 0.00 0.00
1993-S34 A-9 0.00 0.00 0.00 0.00 0.00
1993-S34 A-10 0.00 0.00 0.00 0.00 0.00
1993-S34 A-11 0.00 0.00 0.00 0.00 0.00
1993-S34 A-12 0.00 0.00 0.00 0.00 0.00
1993-S34 A-13 0.00 0.00 0.00 0.00 0.00
1993-S34 A-14 0.00 0.00 0.00 0.00 0.00
1993-S34 R-I 0.00 0.00 0.00 0.00 0.00
1993-S34 R-II 0.00 0.00 0.00 0.00 0.00
1993-S34 M-1 0.00 0.00 0.00 0.00 0.00
1993-S34 M-2 0.00 0.00 0.00 0.00 0.00
1993-S34 M-3 0.00 0.00 0.00 0.00 0.00
1993-S34 B-1 0.00 0.00 0.00 0.00 0.00
1993-S34 B-2 0.00 0.00 0.00 0.00 0.00
1993-S34 B-3 0.00 0.00 0.00 0.00 0.00
</TABLE>
