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): May 25, 1995
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 33-54227 75-2006294
(State or other (Commission (I.R.S. employer
jurisdiction file number) identification
of incorporation) no.)
8400 Normandale Lake Blvd., 55437
Suite 600, Minneapolis, MN (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code (612) 832-7000
(Former name or former address, if changed since last report)
Item 5. Other Events.
On May 30, 1995 Registrant will issue and sell $104,036,708
initial principal amount of Mortgage Pass-Through Certificates,
Series 1995-S7, Class A-1, Class A-2, Class A-3, Class A-4, Class A-
5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class R-
I, Class R-II, Class M-1, Class M-2 and Class M-3 (the "Offered
Certificates"), Class B-1, Class B-2, Class B-3 and Class B-4
(together with the Offered Certificates, the "Certificates")
pursuant to a Pooling and Servicing Agreement to be dated as of May
1, 1995, among the Registrant, Residential Funding Corporation, as
Master Servicer, and Bankers Trust Company, as Trustee. In
connection with the sale of the Series 1995-S7 Offered Certificates
(except for the Class A-10, Class M-1, Class M-2 and Class M-3
Certificates) (the "Underwritten Certificates"), the Registrant has
been advised by PaineWebber Incorporated (the "Underwriter") that
the Underwriter has furnished to prospective investors certain yield
tables and other computational materials (the "Computational
Materials") with respect to the Underwritten Certificates following
the effective date of the Registrant's Registration Statement (No.
33-54227) but prior to the availability of a final Prospectus
relating to the Underwritten Certificates, which Computational
Materials are being filed manually as exhibits to this report.
The Computational Materials filed herewith have been provided
solely by the Underwriter. The information in the Computational
Materials is preliminary and may be superseded by the Prospectus
Supplement relating to the Certificates and by any other information
subsequently filed with the Securities and Exchange Commission.
The Computational Materials were prepared by the Underwriter
at the request of certain prospective investors, based on
assumptions provided by, and satisfying the special requirements of,
such prospective investors. The Computational Materials may not
include, and do not purport to include, information based on
assumptions representing a complete set of possible scenarios.
Accordingly, the Computational Materials may not be relevant to or
appropriate for investors other than those specifically requesting
them.
In addition, the actual characteristics and performance of the
mortgage loans underlying the Underwritten Certificates (the
"Mortgage Loans") may differ from the assumptions used in the
Computational Materials, which are hypothetical in nature and which
were provided to certain investors only to give a general sense of
how the yield, average life, duration, expected maturity, interest
rate sensitivity and cash flow characteristics of a particular class
of Underwritten Certificates might vary under varying prepayment and
other scenarios. Any difference between such assumptions and the
actual characteristics and performance of the Mortgage Loans will
affect the actual yield, average life, duration, expected maturity,
interest rate sensitivity and cash flow characteristics of a
particular class of Underwritten Certificates.
Certain assumptions may have been made in the Computational
Materials which have resulted in certain returns which are detailed
in the Computational Materials. No representation is made that any
returns set forth in the Computational Materials will be achieved.
Changes to the assumptions may have a material impact on any returns
detailed. Past performance is not indicative of future results.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits
99.1 Computational Materials prepared by
PaineWebber Incorporated in connection with
the sale of the Underwritten Certificates
of the Registrant.
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.
RESIDENTIAL FUNDING MORTGAGE
SECURITIES I, INC.
By:
Name:
Title: Vice President
Dated: May 25, 1995
INDEX OF EXHIBITS
Exhibit Description Page
99.1
Computational Materials prepared by PaineWebber Incorporated in
connection with the sale of the Underwritten Certificates of the
Registrant.
