RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
Company
RESIDENTIAL FUNDING CORPORATION
Master Servicer
Mortgage Pass-Through Certificates
Series 1995-S18
$1,054,500.00 7.00% Class M-2 Certificates
Supplement dated November 30, 1995
to
Prospectus Supplement dated November 29, 1995
to
Prospectus Supplement dated November 21, 1995
to
Prospectus dated April 20, 1995
The Class M-2 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-2 Certificates will be equal to $1,062,914.04, 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-2 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-2
Certificates to or through dealers. In connection with the
purchase and sale of the Class M-2 Certificates, the Underwriter
and any dealers that may participate with the Underwriter in such
resale of the Class M-2 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-2 Certificates. There can be no assurance
that an active secondary market will develop, or if it does
develop, that it will continue.
UNTIL FEBRUARY 28, 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.
