RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1996-06-21
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) June 21,
1996

RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (as
company under a Pooling and Servicing Agreement dated as
of June 1, 1996 providing for, inter alia, the issuance
of Mortgage Pass-Through Certificates, Series 1996-S15)


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

DELAWARE             333-4846             75-2006294
(State or Other
Jurisdiction       (Commission       (I.R.S. Employer 
of Incorporation)  File Number)    Identification No.)  



 8400 Normandale Lake Blvd.
 Suite 600
 Minneapolis, Minnesota                      55437     
 (Address of Principal                       (Zip Code)
 Executive Offices)


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


                                                       



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 June 21, 1996, relating to the Mortgage Pass-
Through Certificates, Series 1996-S15, 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 year 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:    /s/ Robert S. Conway
                                                       
                              Name:Robert S. Conway
                              Title:Vice President


Dated:  June 21, 1996





                      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:
                              Title:Vice President


Dated:  June 21, 1996


                      EXHIBIT 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 June 21,
1996, relating to the Mortgage Pass-Through Certificates,
Series 1996-S15, 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 year in the period ended December
31, 1995 and (b) with respect to the reference to their
firm under the caption "Experts." 


          CONSENT OF INDEPENDENT ACCOUNTANTS


We consent to the incorporation by reference in the
Prospectus Supplement dated June 21, 1996 to the
Prospectus dated June 21, 1996 of Residential Funding
Mortgage Securities I, Inc. relating to Mortgage Pass-
Through Certificates, Series 1996-S15 of our report dated
January 17, 1996 on our audits of the consolidated
financial statements of Financial Security Assurance Inc.
and Subsidiaries as of December 31, 1995 and 1994, and
for each of the three years in the period ended December
31, 1995.  We also consent to the reference to our Firm
under the caption "Experts."







                                    COOPERS & LYBRAND
L.L.P.

New York, New York
June 21, 1996



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