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: May 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 (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
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 May 30, 1996, the Registrant expects to cause
the issuance and sale of Mortgage Pass-Through
Certificates, Series 1996-S10 (the "Certificates")
pursuant to a Pooling and Servicing Agreement to be dated
as of May 1, 1996, among the Registrant, Residential
Funding Corporation, as Master Servicer, and Bankers
Trust Company, as Trustee.
In connection with the expected sale of the Series
1996-S10, classes A-1, A-2, A-3, A-4, A-5, A-6, A-7
and R Certificates (the "Underwritten Certificates"),
the Registrant has been advised by Bear, Stearns & C0.
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and may be superseded by the Prospectus Supplement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
Item 601(a) of
Regulation S-K
Exhibit No. 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: January 22, 1996
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Computational P
Materials
EXHIBIT 1
(Intentionally Omitted)
