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: April 25, 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 April 29, 1996, the Registrant expects to cause the
issuance and sale of Mortgage Pass-Through Certificates,
Series 1996-S12 (the "Certificates") pursuant to a Pooling
and Servicing Agreement to be dated as of April 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-S12, Class A Certificates (the "Underwritten Certificates"),
the Registrant has been advised by Residential Funding
Securities Corporation (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 additional 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superseded by the Prospectus Supplement relating to the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 additional 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/ Bruce J. Legan
Name: Bruce J. Legan
Title: Vice President
Dated: April 25, 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)
