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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 29, 1997
(Date of earliest event reported)
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-4846 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
[CMRFMSI.WPD December 7, 1995]
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Item 5. Other Events.
On May 29, 1997, the Registrant expects to cause the issuance
and sale of Mortgage Pass-Through Certificates, Series 1997-S7 (the
"Certificates") pursuant to a Pooling and Servicing Agreement to be
dated as of May 1, 1997, 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 1997-S7,
Class A-1,Class A- 2,Class A-3, Class A-4, Class A-5, Class A-6, ,Class
A-7, Class R, Class M-1, Class M- 2, Class M-3, Class B-1, Class B-2
and Class B-3 Certificates (the "Underwritten Certificates"), the
Registrant has been advised by Bear Stearns & Co. (the "Underwriter"),
that the Underwriter has furnished to prospective investors certain
additional computational materials (the "Additional Computational
Materials") with respect to the Underwritten Certificates following the
effective date of the related Registration Statement, which Additional
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 Additional 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superseded by the Prospectus Supplement relating to the Certificates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 Additional Computational Materials may be based on
assumptions that differ from the assumptions set forth in the related
Prospectus Supplement. The Additional Computational Materials may not
include, and do not purport to include, information based on
assumptions representing a complete set of possible scenarios.
Accordingly, the Additional 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 Additional 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,
[CMRFMSI.WPD December 7, 1995]
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expected maturity, interest rate sensitivity and cash flow
characteristics of a particular class of Underwritten Certificates.
Certain assumptions may have been made in the Additional
Computational Materials which have resulted in certain returns which
are detailed in the Additional Computational Materials. No
representation is made that any returns set forth in the Additional
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 Additional Computational Materials
[CMRFMSI.WPD December 7, 1995]
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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:
Name: Randy Van Zee
Title: Vice President
Dated: May 29, 1997
[CMRFMSI.WPD December 7, 1995]
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EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Additional P
Computational
Materials
[CMRFMSI.WPD December 7, 1995]
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EXHIBIT 1
(Intentionally Omitted)
[CMRFMSI.WPD December 7, 1995]
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