RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1995-03-24
ASSET-BACKED SECURITIES
Previous: RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC, 8-K, 1995-03-24
Next: SUN ENERGY PARTNERS LP, 10-K, 1995-03-24



               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:  March 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, Minnesota55437
             (Address of Principal Executive Office)   (Zip Code)


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




Item 5.   Other Events.

          On March 24, 1995, the Registrant will cause the
     issuance and sale of $310,712,520 initial principal amount of
     Mortgage Pass-Through Certificates, Series 1995-S2, Class A,
     Class R, Class B-1, Class B-2 and Class B-3 (the
     "Certificates") pursuant to a Pooling and Servicing Agreement
     to be dated as of March 1, 1995, among the Registrant,
     Residential Funding Corporation, as Master Servicer, and The
     First National Bank of Chicago, as Trustee.

          In connection with the sale of the Series 1995-S2, Class
     A and the Class R Certificates, other than a de minimis
     portion thereof (collectively, 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 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     is preliminary and may be superseded by the Prospectus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 5 pages that
     appear after the Form SE cover sheet and the page headed
     "NOTICE".

          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:    Director




Dated: March 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