RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1995-10-25
ASSET-BACKED SECURITIES
Previous: RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC, 8-K, 1995-10-25
Next: RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC, 8-K, 1995-10-25



             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:  October 24, 1995
(Date of earliest event reported)



        Residential Funding Mortgage Securities I, Inc.
    (Exact name of registrant as specified in its charter)


Delaware                  33-54227            75-2006294  
(State or Other Juris-   (Commission        (I.R.S. Employer
diction of Incorporation) File Number)    Identification No.)


8400 Normandale Lake Blvd., Suite 600, Minneapolis, Minnesota     
                                                    55437
Address of Principal Executive Office)            (Zip Code)


Registrant's telephone number, including area code:(612) 832-7000




Item 5.   Other Events.

          On October 30, 1995, the Registrant will cause the
issuance and sale of $182,156,883 initial principal amount of
Mortgage Pass-Through Certificates, Series 1995-S15, Class A-1,
Class A-2, Class A-3, Class A-4, Class A-5, Class R, Class M-1,
Class M-2 Class M-3, Class B-1, Class B-2 and Class B-3 (the
"Certificates") pursuant to a Pooling and Servicing
Agreement to be dated as of October 1, 1995, among the
Registrant, Residential Funding Corporation, as Master Servicer,
and First National Bank of Chicago, as Trustee.

          In connection with the sale of the Series 1995-S15,
Class A-1, Class A-2, Class A-3, Class A-4, Class R Certificates,
other than a de minimis portion thereof, (collectively, the
"Underwritten Certificates"), the Registrant has been advised by
Deutsche Morgan Grenfell\C.J. Lawrence Inc.   (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 Registration Statement No. 33-54227, which
Computational Materials are being filed manually as exhibits to
this report.

          The Computational Materials have been provided 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 consist of the first 5
pages (the "Computational Materials") that appear after the Form
SE cover sheet and the page headed "NOTICE". The
Underwriter has advised the Registrant that certain information
in the Computational Materials may have been based on assumptions
that differed from the final pool information. 
     

          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 be based on assumptions that differ from the
assumptions set forth in the Prospectus Supplement.  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.


Item 7.   Financial Statements, Pro Forma Financial Information
and Exhibits


     (a)  Financial Statements.

          Not applicable.

     (b)  Pro Forma Financial Information.

          Not applicable.

     (c)  Exhibits





Exhibit No.    Item 601(a) of
               Regulation S-K
               Exhibit No.       Description


1              99                Computational Materials






     Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on behalf of the Registrant by the undersigned thereunto duly
authorized.


                                   RESIDENTIAL FUNDING MORTGAGE
                                   SECURITIES I, INC.

                                   By:  /s/ Bruce J. Legan       
                                   Name:   Bruce J. Legan
                                   Title:      Vice President




Dated: October 24, 1995


                   EXHIBIT INDEX


               Item 601 (a) of      Sequentially
Exhibit        Regulation S-K       Numbered
Number         Exhibit No.          Description         Page    

     1                   99        Computational 
                                   Materials           Filed
                                                       Manually

                     EXHIBIT 

             (Intentionally Omitted)


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission