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): July 24, 1995
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 33-54227 75-2006294
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) Idenntification no.)
8400 Normandale Lake Blvd., Suite 600, Minneapolis, MN 55437
(Address of principal executive offices) (Zip code)
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 July 31, 1995 Registrant will issue $230,710,286 initial
principal amount of Mortgage Pass-Through Certificates, Series
1995-S10, Class A-1, Class A-2, Class A-3, Class A-4, Class A-5,
Class A-7, Class A-8, Class A-9, Class A-10, Class R-I and Class
R-II, Class M-1, Class M-2, Class M-3 (the "Offered
Certificates"), Class A-6, Class B-1, Class B-2 and Class B-3
(together with the Offered Certificates, the "Certificates")
pursuant to a Pooling and Servicing Agreement to be dated
as of July 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-S10
Offered Certificates (except for the Class A-9, Class A-10, Class
M-1, Class M-2 and Class M-3 Certificates) (the "Underwritten
Certificates"), the Registrant has been advised by Bear, Stearns
& Co. 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 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Computational Materials is preliminary and may be superseded by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 Bear,
Stearns & Co. Inc. 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: /s/ Bruce Legan
Name: Bruce Legan
Title: Director
Dated: July 24, 1995
INDEX OF EXHIBITS
Exhibit Description Page
99.1 Computational Materials prepared
by Bear, Stearns & Co. Inc. in
connection with the sale of the
Underwritten Certificates of the
Registrant.
