RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
Seller
RESIDENTIAL FUNDING CORPORATION
Master Servicer
Mortgage Pass-Through Certificates, Series 1994-S16
$1,013,936.64 7.0356% Class M-1 Certificates
Supplement dated March 27, 1995
to
Prospectus Supplement dated August 19, 1994
to
Prospectus Supplement dated July 26, 1994
and
Prospectus dated June 23, 1994
As of March 1, 1995 (the "Reference Date"), the
Mortgage Loans have an aggregate principal balance
outstanding, after deducting payments of principal due on
such date, of $80,878,328.21.
As of the Reference Date, 0.07% of the Mortgage
Loans are delinquent by one month. As of the Reference
Date, none of the Mortgage Loans are delinquent by two or
more months or are in foreclosure or will have been Real
Estate Owned.
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.
UNTIL JUNE 25, 1995 ALL DEALERS EFFECTING TRANSACTIONS IN
THE 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.
Residential Funding Securities Corporation
