RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1995-06-23
ASSET-BACKED SECURITIES
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                    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):  June 23, 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 no.)
of incorporation)



8400 Normandale Lake Blvd., Suite 600, Minneapolis, MN
(Address of principal executive offices)       55437
                                             (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 June 29, 1995 Registrant will issue $199,986,493
initial principal amount of Mortgage Pass-Through
Certificates, Series 1995-S9, 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-10, Class A-11, Class A-12, Class R-I and
Class R-II (the "Offered Certificates"), Class A-9, Class
M-1, Class M-2, Class M-3, 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 June 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-S9 Offered
Certificates (except for the Class A-12 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:                  
                                 Name: 
                                Title:    Vice President


Dated:  June 23, 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.


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