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): July
24, 1996
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, 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
July 24, 1996, relating to the Mortgage Pass-
Through Certificates, Series 1996-S16, 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: /s/Diane S. Wold
Name: Diane S. Wold
Title: Vice President
Dated: July 24, 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
July 24, 1996, relating to the Mortgage
Pass-Through Certificates, Series 1996-
S16, 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
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the
Prospectus Supplement dated July 24, 1996 to the
Prospectus dated June 21, 1996 of Residential Funding
Mortgage Securities I, Inc. relating to Mortgage Pass-
Through Certificates, Series 1996-S16 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 reference
to our Firm under the caption "Experts."
/s/Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
New York, New York
July 24, 1996
