RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
Company
RESIDENTIAL FUNDING CORPORATION
Master Servicer
Mortgage Pass-Through Certificates
Series 1994-S7
* $11,695,500.00 6.50% Class M-1 Certificates
Supplement dated February 24, 1995
to
Prospectus Supplement dated October 27, 1994
to
Prospectus Supplement dated March 25, 1994
and
Prospectus dated March 22, 1994
as supplemented by
Prospectus dated June 23, 1994
* Initial Principal Balance
As of February 1, 1995 (the "Reference Date"), the
Mortgage Loans have an aggregate principal balance
outstanding, after deducting payments of principal due on
such date, of $415,090,867.52.
As of the Reference Date, 0.6% of the Mortgage Loans are
delinquent by one month and 0.05% of the Mortgage loans
are delinquent by three or more months. As of the
Reference Date, none of the Mortgage Loans are in
foreclosure or will have been Real Estate Owned.
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.
UNTIL MAY 25, 1995, ALL DEALERS EFFECTING TRANSACTIONS IN
THE CLASS M-1 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.
Residential Funding Securities Corporation
