RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1996-05-29
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): May
23, 1996



       Residential Funding Mortgage Securities I, Inc.  
               (Exact name of registrant as specified
in its charter)

DELAWARE            33-54227         75-2006294
State or other
jurisdiction       (Commission      (I.R.S. employer
of incorporation)  file number)   identification no.)



8400 Normandale Lake Blvd., Suite 600, Minneapolis, MN  
 55437    (Address of principal executive offices)      
        (Zip code)


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


                                                        
          (Former name or former address, if changed
since last report)


           Exhibit Index located on page 4.

Items 1 through 6 and Item 8 are not included because
they are not applicable.


Item 7.   Financial Statements, Pro Forma Financial
Information         and Exhibits.

          (a)  Not applicable

          (b)  Not applicable

          (c)  Exhibits

          23.  Consent of Coopers & Lybrand L.L.P.,
          independent auditors of Financial Security
          Assurance Inc. ("Financial Security") with
          respect to the incorporation by reference in
          the Registrant's Prospectus Supplement dated
          May 23, 1996, relating to the Mortgage Pass-
          Through Certificates, Series 1996-S14, of (a)
          their report dated January 17, 1996 on the
          audit by Coopers & Lybrand L.L.P. of the
          consolidated financial statements of
          Financial Security and its subsidiaries as of
          December 31, 1995 and 1994 and for each of
          the three years in the period ended December
          31, 1995 and (b) with respect to the
          reference to their firm under the caption
          "Experts."






                      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:   Robert S. Conway
                          Title:  Vice President


Dated:  May 23, 1996



                 INDEX OF EXHIBITS

Exhibit    Description                     Page

23        Consent of Coopers & Lybrand L.L.P.,
          independent auditors of Financial
          Security Assurance Inc. ("Financial
          Security") with respect to the
          incorporation by reference in the
          Registrant's Prospectus Supplement dated
          May 23, 1996, relating to the Mortgage
          Pass-Through Certificates, Series 1996-
          S14, of (a) their report dated January
          17, 1996 on the audit by Coopers &
          Lybrand L.L.P. of the consolidated
          financial statements of Financial
          Security and its subsidiaries as of
          December 31, 1995 and 1994 and for each
          of the three years in the period ended
          December 31, 1995 and (b) with respect
          to the reference to their firm under the
          caption "Experts."


          Exhibit 23






  Consent of Independent Auditors of Financial Security


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