RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1997-01-28
ASSET-BACKED SECURITIES
Previous: RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC, 8-K, 1997-01-28
Next: DECADE COMPANIES INCOME PROPERTIES, DEFC14A, 1997-01-28



                       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 (Date of earliest event reported): January 24, 1997



       Residential Funding Mortgage Securities I, Inc.

(Exact name of registrant as specified in its charter)

        DELAWARE             333-4846                75-2006294
(State or other jurisdiction (Commission   (I.R.S. employer
of incorporation)             file number)  identification no.)



8400 Normandale Lake Blvd., Suite 600, Minneapolis, MN    55437
(Address of principal executive offices)               (Zip code)


Registrant's telephone number, including area code (612) 832-7000



(Former name or former address, if changed since last report)


                        Exhibit Index located on page 4.


<PAGE>



Items 1 through 6 and Item 8 are not included because they are not applicable.


Item 7.      Financial Statements, Pro Forma Financial Information and
             Exhibits.

                      (a)     Not applicable

                      (b)     Not applicable

                      (c)     Exhibits

                      23.  Consent  of  Coopers  & Lybrand  L.L.P.,  independent
                      auditors of Financial Security Assurance Inc.  ("Financial
                      Security") with respect to the  incorporation by reference
                      in the  Registrant's  Prospectus  Supplement dated January
                      24,   1997,   relating   to  the   Mortgage   Pass-Through
                      Certificates,  Series  1997-S2,  of (a) their report dated
                      January 17, 1997 on the audit by Coopers & Lybrand  L.L.P.
                      of the  consolidated  financial  statements  of  Financial
                      Security and its  subsidiaries as of December 31, 1995 and
                      1994 and for each of the three  years in the period  ended
                      December 31, 1995 and (b) with respect to the reference to
                      their firm under the caption "Experts."




<PAGE>






                                                        SIGNATURES



                   Pursuant to the requirements of the Securities Exchange Act
of 1934,  the  registrant has duly caused this report to be signed on its behalf
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 24, 1997




<PAGE>



                                INDEX OF EXHIBITS

Exhibit      Description                                             Page

23                    Consent of Coopers & Lybrand L.L.P.,  independent auditors
                      of   Financial   Security   Assurance   Inc.   ("Financial
                      Security") with respect to the  incorporation by reference
                      in the  Registrant's  Prospectus  Supplement dated January
                      24,   1997,   relating   to  the   Mortgage   Pass-Through
                      Certificates,  Series  1997- S2, of (a) their report dated
                      January 17, 1997 on the audit by Coopers & Lybrand  L.L.P.
                      of the  consolidated  financial  statements  of  Financial
                      Security and its  subsidiaries as of December 31, 1995 and
                      1994 and for each of the three  years in the period  ended
                      December 31, 1995 and (b) with respect to the reference to
                      their firm under the caption "Experts."


<PAGE>




                                   Exhibit 23




      Consent of Independent Auditors of Financial Security Assurance Inc.


<PAGE>



                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the Prospectus  Supplement dated
January 24, 1997 (to the Prospectus dated June 21, 1996) of Residential  Funding
Mortgage  Securities  I, Inc.  relating to Mortgage  Pass-Through  Certificates,
Series  1997-S2  of our  report  dated  January  17,  1997 on our  audits of the
consolidated  financial  statements  of Financial  Security  Assurance  Inc. and
Subsidiaries  as of December 31, 1995 and 1994,  and for each of the three years
in the period ended  December 31, 1995. We also consent to reference to our Firm
under the caption "Experts."



                                            /s/Coopers & Lybrand L.L.P.
                                            Coopers & Lybrand L.L.P.

New York, New York
January 24, 1997


<PAGE>





© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission