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: March 22, 1996
(Date of earliest event reported)
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
Delaware 33-54227 75-2006294
(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification No.)
8400 Normandale Lake Blvd., Suite 600, Minneapolis,
Minnesota55437
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code:(612) 832-7000
Item 5. Other Events.
On March 28, 1996, the Registrant expects to cause the
issuance and sale of Mortgage Pass-Through Certificates,
Series 1996-S6 (the "Certificates") pursuant to a Pooling
and Servicing Agreement to be dated as of March 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-
S6, Class A-1, Class A-2, Class A-3, Class A-4, Class A-5,
Class A-6, Class A-7, Class A-8, Class A-10, Class A-11,
Class A-12, Class A13, Class R1, Class R11, Class M-1, Class
M-2 and Class M-3 Certificates (the Underwritten
Certificates ), the Registrant has been advised by Salomon
Brothers Inc. (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, which Computational Materials are
being filed manually as an exhibit to this report.
The Computational Materials filed herewith as Exhibit
99 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superseded by the Prospectus Supplement relating to the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 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 Computational
Materials
may be based on assumptions that differ from the assumptions
set forth in the related Prospectus Supplement. The
Computational Materials may not include, and do not purport
to include, information based on assumptions representing a
complete set of possible scenarios. Accordingly, the
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 a
particular
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
Computational Materials which have resulted in certain
returns
which are detailed in the Computational Materials. No
representation is made that any returns set forth in the
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
Exhibit No. Item 601(a) of
Regulation S-K
Exhibit No. Description
1 99 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/ Jill M. Johnson
Name: Jill M. Johnson
Title: Vice President
Dated: March 22, 1996 EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Computational
Materials P
EXHIBIT 1
(Intentionally Omitted)
