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: January 5, 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,
Minnesota 55437
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area
code:(612) 832-7000
Item 5. Other Events.
On January 30, 1996, the Registrant expects to cause
the issuance and sale of Mortgage Pass-Through
Certificates, Series 1996-S2 (the "Certificates")
pursuant to a Pooling and Servicing Agreement to be
dated as of January 30, 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-S2 Certificates, the Registrant has been advised
by Merrill Lynch (the "Underwriter"), that the
Underwriter has furnished to prospective investors
certain collateral information with respect to the
mortgage loans ("Mortgage Loans") underlying the
proposed offering of the Certificates (the "Collateral
Term Sheets"), which Collateral Term Sheets are being
filed manually as exhibits to this report.
The Collateral Term Sheets have been provided by the
Underwriter. The information in the Collateral Term
Sheets is preliminary and will be superseded by the
Description of the Mortgage Pool contained in the
Prospectus Supplement relating to the Certificates and
by any other information subsequently filed with the
Securities and Exchange Commission.
The Collateral Term Sheets were prepared by the
Underwriter at the request of certain prospective
investors. The Collateral Term Sheets may be based on
information that differs from the information set forth
in the Prospectus Supplement.
In addition, the actual characteristics and
performance of the Mortgage Loans underlying the
Certificates may differ from the information provided
in the Collateral Term Sheets, which were provided to
certain investors only to give a sense of the
underlying collateral which will effect the maturity,
interest rate sensitivity and cash flow characteristics
of the Certificates. Any difference between the
collateral information in the Collateral Term Sheets
and the actual characteristics of the Mortgage Loans
will affect the actual yield, average life, duration,
expected maturity, interest rate sensitivity and cash
flow characteristics of the Certificates.
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 Collateral
Term Sheets
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: January 5, 1996
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Collateral P
Term Sheets
EXHIBIT 1
(Intentionally Omitted)
