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: July 24, 1996
(Date of earliest event reported)
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 Executive Office) (Zip Code)
Registrant's telephone number, including area code:
(612) 832-7000
Item 5. Other Events.
On July 30, 1996, the Registrant expects to
cause the issuance and sale of Mortgage Pass-Through
Certificates, Series 1996-S17 (the "Certificates")
pursuant to a Pooling and Servicing Agreement to be
dated as of July 1, 1996, among the Registrant,
Residential Funding Corporation, as Master Servicer,
and First National Bank of Chicago, as Trustee.
In connection with the expected sale of the Series
1996-S17, Class A-1, Class A-2, Class A-3, Class A-4,
Class A-5, Class A-6 and Class R Certificates (the
"Underwritten Certificates"), the Registrant has been
advised by Prudential Securities Incorporated (the
"Underwriter"), that the Underwriter has furnished to
prospective investors certain computational materials
(the "Computational Materials") with respect to the
Underwritten Certificates following the effective date
of the related Registration Statement, additional
Computational Materials are being filed manually as an
exhibit to this report.
The additional Computational Materials filed
herewith as Exhibit 99.1 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Materials is preliminary and may be superseded by the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 related information subsequently filed
with the Securities and Exchange Commission.
The additional 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
investors. The additional Computational Materials may
be based on assumptions that differ from the
assumptions set forth in the related Prospectus
Supplement. The additional Computational Materials may
not include, and do not purport to include, information
based on assumptions representing a complete set of
possible scenarios. Accordingly, the additional
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
Certificates 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
aparticular class of Underwritten Certificates may very
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.
Certain assumptions may have been made in the
additional Computational Materials which have resulted
in certain returns which are detailed in the additional
Computational Materials. No representation is made
that any returns set forth in the Additional
Computational Materials will be achieved. Changes to
the assumptions used therein may have a material impact
on any returns detailed. Past performance is not
indicative of future results.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
1 99.1 Additional
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/Randy Van Zee
Name: Randy Van Zee
Title: Vice President
Dated: July 24, 1996
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99.1 Additional P
Computational
Material
EXHIBIT 1
(Intentionally Omitted)
