RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
Company
RESIDENTIAL FUNDING CORPORATION
Master Servicer
Mortgage Pass-Through Certificates
Series 1994-S3
* $8,228,000.00 6.9335% Class M-1 Certificates
Supplement dated April 12, 1995
to
Prospectus Supplement dated October 27, 1994
to
Prospectus Supplement dated June 28, 1994
to
Prospectus Supplement dated March 2, 1994
to
Prospectus Supplement dated February 18, 1994
and
Prospectus dated February 18, 1994
as supplemented by
Prospectus dated June 23, 1994
*Initial Certificate Principal Balance
The Mortgage Pool consists of 1,036 Mortgage Loans
with an outstanding aggregate principal balance as of
April 1, 1995 (the "Reference Date"), after deducting
payments of principal due on such date, of
$290,150,862.67.
As of the Reference Date, eight Mortgage Loans,
representing 0.7% of the Mortgage Loans were one month
delinquent. As of the Reference Date, three Mortgage
Loans, representing 0.3% of the Mortgage Loans were two
months delinquent. As of the Reference Date, none of the
Mortgage Loans were three or more months delinquent or in
foreclosure.
THIS SUPPLEMENT MUST BE DELIVERED TOGETHER WITH THE
PROSPECTUS AND PROSPECTUS SUPPLEMENT REFERRED TO ABOVE,
AND SHOULD BE READ IN CONJUNCTION THEREWITH.
UNTIL JULY 12, 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
