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: January 27, 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
Jurisdiction (Commission (I.R.S. Employer
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
Item 5. Other Events.
On January 30, 1997, the Registrant expects to cause the
issuance and sale of Mortgage Pass-Through Certificates, Series
1997-S2 (the "Certificates") pursuant to a Pooling and Servicing
Agreement to be dated as of January 1, 1997, among the Registrant,
Residential Funding Corporation, as Master Servicer, and First National
Bank of Chicago, as Trustee.
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In connection with the expected sale of the Series 1997-S2,
Class M-3 Certificate (the "Underwritten
Certificate"), 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 99.1
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Computational Materials is preliminary and may be superseded by the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
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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 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 99.1 Additional
Computational
Materials
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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: /s/Randy Van Zee
Name: Randy Van Zee
Title: Vice President
Dated: January 27, 1997
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99.1 Additional P
Computational
Materials
EXHIBIT 1
(Intentionally Omitted)
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