RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
Company
RESIDENTIAL FUNDING CORPORATION
Master Servicer
Mortgage Pass-Through Certificates
Series 1995-S15
$2,269,965.55 7.000% Class M-1 Certificates
$ 908,185.60 7.000% Class M-2 Certificates
Supplement dated November 16, 1995
to
Prospectus Supplement dated October 24, 1995
to
Prospectus dated April 20, 1995
The Class M-1 Certificates and Class M-2 Certificates
(the Class M Certificates ) will be purchased from the Company
by Residential Funding Securities Corporation (the
"Underwriter"), pursuant to an agreement (the "Underwriting
Agreement") among the Company, the Master Servicer and
the Underwriter. The proceeds to the Company from the sale of
the Class M Certificates will be equal to $3,189,553.74, net of
any expenses payable by the Company.
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.
Residential Funding Securities Corporation
The Underwriter intends to offer the Class M Certificates from
time to time to the public in negotiated transactions or
otherwise at varying prices to be determined at the time of sale.
The Underwriter may effect such transactions by selling the Class
M Certificates to or through dealers. In connection with the
purchase and sale of the Class M Certificates, the Underwriter
and any dealers that may participate with the Underwriter in such
resale of the Class M Certificates may be deemed to have received
compensation from the Company in the form of
discounts or commissions or, in the case of such dealers,
compensation from the Underwriter in the form of discounts,
concessions or commissions. The Underwriting Agreement provides
that the Company will indemnify the Underwriter against certain
civil liabilities under the Securities Act of 1933, or contribute
to payments required to be made in respect thereof. There is
currently no secondary market for the Class M Certificates.
There can be no assurance that an active secondary market will
develop, or if it does develop, that it will continue.
As of November 1, 1995 (the Reference Date ), the
Mortgage Loans have an aggregate principal balance outstanding,
after deducting payments of principal due on such date, of
$180,554,229.60.
As of the Reference Date, 0.32% of the Mortgage Loans (by
aggregate principal balance) are delinquent by one month. As of
the Reference Date, none of the Mortgage Loans will be two or
more months delinquent. As of the Reference Date, none of the
Mortgage Loans will have been Real Estate Owned.
UNTIL FEBRUARY 14, 1996, ALL DEALERS EFFECTING TRANSACTIONS IN
THE CLASS 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.
