RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
Company
RESIDENTIAL FUNDING CORPORATION
Master Servicer
Mortgage Pass-Through Certificates
Series 1995-S18
$2,110,000.00 7.00% Class M-1 Certificates
Supplement dated November 29, 1995
to
Prospectus Supplement dated November 21, 1995
to
Prospectus dated April 20, 1995
The Class M-1 Certificates will be purchased from the
Company by Residential Funding Securities Corporation (the
"Underwriter"), pursuant to an agreement (the "Underwriting
Agreement") among the Company, the Master Servicer and the
Underwriter. The proceeds to the Company from the
sale of the Class M-1 Certificates will be equal to
$2,128,530.09, net of any expenses payable by the Company.
THIS SUPPLEMENT SUPERSEDES ALL PREVIOUS SUPPLEMENTS DELIVERED IN
CONNECTION WITH THE CERTIFICATES AND MUST BE DELIVERED TOGETHER
WITH THE PROSPECTUS AND PROSPECTUS SUPPLEMENT REFERRED TO ABOVE,
AND SHOULD BE READ IN CONJUNCTION THEREWITH.
Residential Funding Securities Corporation
The Underwriter intends to offer the Class M-1 Certificates from
time to time to the public in negotiated transactions or
otherwise at varying prices to be determined at the time of sale.
The Underwriter may effect such transactions by selling the Class
M-1 Certificates to or through dealers. In connection with the
purchase and sale of the Class M-1 Certificates, the
Underwriter and any dealers that may participate with the
Underwriter in such resale of the Class M-1 Certificates may be
deemed to have received compensation from the Company in the form
of discounts or commissions or, in the case of such dealers,
compensation from the Underwriter in the form of discounts,
concessions or commissions. The Underwriting Agreement provides
that the Company will indemnify the Underwriter against certain
civil liabilities under the Securities Act of 1933, or contribute
to payments required to be made in respect thereof. There
is currently no secondary market for the Class M-1 Certificates.
There can be no assurance that an active secondary market will
develop, or if it does develop, that it will continue.
UNTIL FEBRUARY 27, 1996, ALL DEALERS EFFECTING TRANSACTIONS IN
THE CLASS CERTIFICATES, WHETHER OR NOT PARTICIPATING IN THIS
DISTRIBUTION, MAY BE REQUIRED TO DELIVER A PROSPECTUS (INCLUDING
THE PROSPECTUS SUPPLEMENT AND THIS SUPPLEMENT). THIS DELIVERY
REQUIREMENT IS IN ADDITION TO THE OBLIGATION OF DEALERS TO
DELIVER A PROSPECTUS WHEN ACTING AS UNDERWRITERS AND WITH RESPECT
TO THEIR UNSOLD ALLOTMENTS OR SUBSCRIPTIONS.
