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 20, 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)
832-7000Item 5. Other Events.
On March 28, 1996, the Registrant expects to cause the
issuance and sale of Mortgage Pass-Through Certificates, Series
1996-S8 (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-S8, Class A-1, Class A-2,Class A-3, Class A-4 and Class R
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Computational Materials is preliminary and may be superseded by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/ Randy Van Zee
Name: Randy Van Zee
Title: Vice President
Dated: March 20, 1996 EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 ComputationalMaterials P
EXHIBIT 1
(Intentionally Omitted)
