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 23, 1998
(Date of earliest event reported)
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-39665 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
<PAGE>
Item 5. Other Events.
On January 29, 1998 the Registrant expects to cause the
issuance and sale of Mortgage Pass-Through Certificates, Series 1998-S2
(the "Certificates") pursuant to a Pooling and Servicing Agreement to
be dated as of January 1, 1998, 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 1998-S2
Certificates, the Registrant has been advised by Residential Funding
Securities Corporation, (the "Underwriter"), that the Underwriter has
furnished to prospective investors certain collateral information with
respect to the mortgage loans ("Mortgage Loans") underlying the
proposed offering of the Certificates (the "Collateral Term Sheets"),
which Collateral Term Sheets are being filed manually as exhibits to
this report.
The Collateral Term Sheets have been provided by the
Underwriter. The information in the Collateral Term Sheets is
preliminary and will be superseded by the Description of the Mortgage
Pool contained in the Prospectus Supplement relating to the
Certificates and by any other information subsequently filed with the
Securities and Exchange Commission.
The Collateral Term Sheets were prepared by the Underwriter at
the request of certain prospective investors. The Collateral Term
Sheets may be based on information that differs from the information
set forth in the Prospectus Supplement.
In addition, the actual characteristics and performance of the
Mortgage Loans underlying the Certificates may differ from the
information provided in the Collateral Term Sheets, which were provided
to certain investors only to give a sense of the underlying collateral
which will effect the maturity, interest rate sensitivity and cash flow
characteristics of the Certificates. Any difference between the
collateral information in the Collateral Term Sheets and the actual
characteristics of the Mortgage Loans will affect the actual yield,
average life, duration, expected maturity, interest rate sensitivity
and cash flow characteristics of the Certificates.
<PAGE>
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 Collateral Term Sheets
<PAGE>
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 23, 1998
<PAGE>
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Collateral Term P
Sheets
<PAGE>
-6-
EXHIBIT 1
<PAGE>
The information herein has been provided solely by Residential Funding
Securities Corporation ("RFSC"). Neither the issuer of the certificates nor any
of its affiliates makes any representation as to the accuracy and completeness
of this information, which supersedes all information previously provided by
RFSC contained in any collateral term sheets and/or any computational materials
relating to the mortgage pool. This information is preliminary and will be
superseded by the descriptions in the applicable prospectus supplement and by
any other information subsequently filed with the Securities and Exchange
Commission.
This report has been prepared based on information from sources believed to be
reliable, but its accuracy cannot be guaranteed. Information is unaudited.
<PAGE>
<PAGE>
RESIDENTIAL FUNDING CORPORATION 15:20 Wednesday, January 21, 1998
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012198.T151709.D
-------------------------------
* GROUP REPORTS
PORTSUMM PORTFOLIO SUMMARY
* FILE SELECTION CRITERIA IN ZFILE :
<TABLE>
<CAPTION>
RUN ON : 01/21/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 15.21.11 SUMMARY DATA AMORTIZED BALANCE RFFSD159-01
SERIES : RFMSI I 1998-S2 CUT-OFF DATE: 01/01/98
POOL : 0004280
:
POOL STATUS: F
# % WALTV
<S> <C> <C> <C> <C> <C> <C>
----- -------- -------
$ AMT/# OF LOANS : 495,533,487.18 / 1,866 EQUITY REFI : 182 / 9.786 / 64.1738
PRODUCT TYPE : FIXED R+T REFINANCE : 635 / 37.126 / 71.6782
WA CURRENT NOTE RATE : 7.7204 LTD DOCS : 394 / 16.026 / 65.2999
CURRENT NOTE RATE RANGE : FROM 6.8750 TO 9.5000 CA% OF LTD DOCS : 137 / 43.562 / 64.8293
WA RFC NET RATE : 7.4677 NINA : 3 / .202 / 80.0000
RFC NET RATE RANGE : FROM 6.6250 TO 9.2500 BUYDOWNS : 1 / .048 / 88.0000
WA INITIAL SUB-SVC FEE : .2527 80< LTV< =90 : 132 / 7.156 / 88.8446
SUB-SVC FEE RANGE : FROM .2500 TO .9750 LTV> 90 : 47 / 2.290 / 94.6998
WA PASS THRU RATE : 7.0000 2ND/VACATION : 28 / 1.440 / 68.5955
PASS THRU RATE RANGE : FROM 7.0000 TO 7.0000
SINGLE FAMILY DETACHED : 1348 / 72.658 / 73.6089
: PUD(DETACHED) : 386 / 22.241 / 75.6855
: DETACHED 2-4 UNIT : 9 / .357 / 75.4123
WA REMAINING TERM : 358.1282 MOS (29 YRS 10 MOS) TOTAL DETACHED : 1743 / 95.257 / 74.1005
WA SCHEDULED REMAINING TERM : 358.3404 MOS (29 YRS 10 MOS) CONDO-LOW(1-4) : 74 / 3.003 / 74.0838
WA ORIGINAL TERM : 359.2666 MOS (29 YRS 11 MOS) CONDO-MID(5-8) : 1 / .047 / 65.0000
MIN REMAINING TERM : 195 MOS (16 YRS 3 MOS) CONDO-HIGH(9+) : 3 / .128 / 78.5351
MIN SCHEDULED REMAINING TERM : 239 MOS (19 YRS 11 MOS) TOWNHOUSE : 12 / .419 / 73.8939
PUD (ATTACHED) : 33 / 1.146 / 74.3089
EARLIEST ORIGINATION DATE : 06/04/1996 COOP : 0 / .000 / .0000
LATEST MATURITY DATE : 01/01/2028 TOTAL ATTACHED : 123 / 4.743 / 74.1515
ORIG BAL RANGE/AVG ORIG BAL : 25,000.00 - 1,311,000.00 / 265,793.47 LEASEHOLD : 0 / .000 / .0000
CURRENT BAL RANGE/AVG PR BAL : 24,981.53 - 1,311,000.00 / 265,559.21 MANUFACTURED HOUSING : 0 / .000 / .0000
CURRENT PRIN BAL> $600K / % : 41,525,509.24 / 8.380 TOTAL : 1866 / 100.000 / 74.1029
OWNER OCCUPIED : 1866 / 100.000 / 74.1029
NON-OWNER OCCUPIED : 0 / .000 / .0000
STATE AND ZIP INFORMATION:
STATES OVER 5%
CA 49.849 247,018,711.89
VA 6.265
NEXT HIGHEST <= 5% : FL 4.442
HIGHEST CALIFORNIA ZIP CODE: CA 94550 .589 % $ 2,919,196.23
HIGHEST NON-CALIFORNIA ZIP CODE: MD 20854 .970 % $ 4,806,742.87
0
*** HIGHEST FIVE ZIP CODES ***
SELLER INFORMATION: COMMENTS:
% > 10%: SELLER # / %
E22 11.734
HIGHEST SELLER <= 10% : 686 8.263
SERVICER INFORMATION:
% FROM 560/600+660: 2.306 / .000
% > 10%: SERVICER # / %
G01 63.219
HIGHEST SERVICER <= 10% : 686 8.263
</TABLE>
<PAGE>
RESIDENTIAL FUNDING CORPORATION 13:05 Thursday, January 22, 1998
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012298.T130134.D
-------------------------------
* INDIVIDUAL REPORTS
RFFSD116 Original LTV
* FILE SELECTION CRITERIA IN ZFILE :
<PAGE>
<TABLE>
RUN ON : 01/22/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 13.06.06 ORIGINAL LTV AMORTIZED BALANCE RFFSD116-01
SERIES : RFMSI I 1998-S2 CUT-OFF DATE: 01/01/98
POOL : 0004280
:
POOL STATUS: F
<CAPTION>
MINIMUM AVERAGE MAXIMUM
NUMBER CURRENT BALANCE CURRENT BALANCE CURRENT BALANCE
LTV RANGE OF LOANS PRINCIPAL BALANCE % OF POOL ORIGINAL BALANCE ORIGINAL BALANCE ORIGINAL BALANCE
------------- -------- ----------------- --------- ----------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C> <C>
0.01 - 50.00 97 24,198,271.58 4.883 29,957.50 249,520.34 955,682.19
30,000.00 249,664.30 957,000.00
50.01 - 60.00 121 33,492,472.01 6.759 38,500.00 276,857.82 1,080,000.00
38,500.00 276,980.43 1,080,000.00
60.01 - 70.00 344 91,666,802.43 18.499 25,000.00 266,514.28 1,311,000.00
25,000.00 266,645.39 1,311,000.00
70.01 - 75.00 290 72,524,955.92 14.636 47,965.08 250,113.95 950,651.82
48,000.00 250,301.57 952,000.00
75.01 - 80.00 835 226,847,206.94 45.778 49,200.00 271,687.75 858,000.00
49,200.00 271,952.82 858,000.00
80.01 - 85.00 17 4,588,963.37 .926 44,400.00 269,994.64 418,280.00
44,400.00 270,184.20 418,280.00
85.01 - 90.00 115 30,868,989.69 6.229 36,000.00 268,474.76 576,363.25
36,000.00 268,665.22 578,345.00
90.01 - 95.00 47 11,345,825.24 2.290 132,000.00 241,445.32 321,000.00
132,000.00 241,592.45 321,000.00
TOTAL 1,866 495,533,487.18 100.000 25,000.00 265,588.92 1,311,000.00
25,000.00 265,793.47 1,311,000.00
WEIGHTED AVERAGE LTV = 74.1029
RANGE FROM 7 TO 95
***************************
* END OF REPORT *
***************************
</TABLE>
<PAGE>
RESIDENTIAL FUNDING CORPORATION 15:26 Wednesday, January 21, 1998 1
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012198.T152450.D
-------------------------------
* INDIVIDUAL REPORTS
RFFSD161 Loan Detail RFFSD174 Loan Detail II
* FILE SELECTION CRITERIA IN ZFILE :
IF ( PRINBAL GT '600000' );
<PAGE>
<TABLE>
<CAPTION>
RUN ON : 01/21/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 15.27.07 LOAN DETAIL AMORTIZED BALANCE RFFSD161-01
SERIES : RFMSI I 1998-S2 CUT-OFF DATE: 01/01/98
POOL : 0004280
:
POOL STATUS: F
CURRENT
RF LOAN LOAN LOAN LOAN PROP NO OF PRINCIPLE ORIGINAL STATE/ZIP NOTE FINAL MI CERT POOL QUAL NOTE CURR RFC
NUMBER TYPE FEAT PURP TYPE UNITS BALANCE LOAN AMOUNT CODE DATE COMPL NUMBER A/R CODE RATE NET
------- ---- ---- ---- ---- ----- ----------- ------------ --------- -------- ----- ------------- ---- ---- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1618614 1 ZZ 2 05 1 618,575.97 620,000.00 PA 19355 09/24/97 1 0 02 7.3750 7.1250
1643376 1 ZZ 1 05 1 858,000.00 858,000.00 MD 20854 12/08/97 0 0 02 8.0000 7.7500
1649311 1 ZZ 1 05 1 612,500.00 612,500.00 CA 95138 12/15/97 0 0 02 7.7500 7.5000
1649453 1 ZZ 2 05 1 645,858.07 646,774.00 TX 75225 10/14/97 0 0 02 7.7500 7.5000
1649933 1 ZZ 2 05 1 951,328.08 952,000.00 CA 94022 11/12/97 0 0 02 7.7500 7.5000
1650839 1 ZZ 1 05 1 650,000.00 650,000.00 CA 90402 11/26/97 0 0 22 7.7500 7.5000
1652469 1 ZZ 5 05 1 737,041.61 737,500.00 CA 95030 11/25/97 0 0 02 8.3750 8.1250
1653394 1 ZZ 2 05 1 650,000.00 650,000.00 CA 93711 12/01/97 0 0 02 7.8750 7.6250
1653443 1 ZZ 1 05 1 787,500.00 787,500.00 CT 06902 12/12/97 0 0 02 7.8750 7.6250
1654648 1 ZZ 2 03 1 762,000.00 762,000.00 CO 80401 12/09/97 0 0 22 8.2500 8.0000
1655878 1 ZZ 1 05 1 799,449.44 800,000.00 CT 06880 12/01/97 0 0 02 7.8750 7.6250
1656441 1 ZZ 2 05 1 1,311,000.00 1,311,000.00 MA 01945 12/01/97 0 0 02 8.5000 8.1250
1656637 1 ZZ 2 03 1 600,431.34 601,500.00 CO 80110 10/09/97 0 0 02 7.7500 7.5000
1659257 1 ZZ 2 05 1 649,541.24 650,000.00 CA 95070 10/31/97 0 0 02 7.7500 7.5000
1659324 1 ZZ 4 03 1 647,700.00 647,700.00 TX 77059 12/04/97 0 0 02 7.8750 7.6250
1659394 1 ZZ 2 05 1 627,522.14 628,000.00 HI 96816 11/24/97 0 0 02 7.3750 7.1250
1659712 1 ZZ 2 05 1 630,000.00 630,000.00 HI 96816 12/10/97 0 0 02 8.3750 8.1250
1660594 1 ZZ 2 05 1 919,317.23 920,000.00 CA 90210 11/14/97 0 0 02 7.5000 7.2500
1661966 1 ZZ 2 05 1 807,899.98 808,500.00 MD 20854 11/21/97 0 0 02 7.5000 7.2500
1663139 1 ZZ 1 05 1 635,551.11 636,000.00 CA 94010 11/10/97 1 0 02 7.7500 7.5000
1663310 1 ZZ 2 03 1 754,453.55 755,000.00 CA 95070 11/12/97 0 0 02 7.6250 7.3750
1663804 1 ZZ 6 05 1 643,589.42 644,050.00 CA 93103 11/21/97 1 0 02 8.1250 7.8750
1663981 1 ZZ 1 05 1 725,000.00 725,000.00 NY 11771 12/04/97 0 0 02 7.8750 7.6250
1664899 1 ZZ 1 03 1 649,529.55 650,000.00 CA 92653 11/13/97 0 0 02 7.6250 7.3750
1665043 1 ZZ 2 05 1 809,442.57 810,000.00 CA 93921 11/07/97 0 0 02 7.8750 7.6250
1665149 1 ZZ 2 05 1 955,682.19 957,000.00 CA 91011 11/03/97 0 0 02 7.1250 6.8750
1665161 1 ZZ 5 03 1 649,505.40 650,000.00 CA 92677 11/18/97 1 0 02 7.3750 7.1250
1665296 1 ZZ 1 05 1 1,080,000.00 1,080,000.00 TX 75220 12/01/97 0 0 02 8.0000 7.7500
1665302 1 ZZ 2 05 1 649,541.24 650,000.00 NC 28480 11/24/97 0 0 02 7.7500 7.5000
1665933 1 ZZ 1 03 1 935,387.80 942,500.00 FL 33411 12/03/97 0 0 02 7.8750 7.6250
1666837 1 ZZ 1 03 1 649,552.68 650,000.00 CA 92028 11/26/97 0 0 22 7.8750 7.6250
1667027 1 ZZ 1 05 1 646,160.39 647,209.48 FL 33458 10/16/97 0 0 02 7.8750 7.6250
1667919 1 ZZ 5 05 1 649,032.21 650,000.00 FL 34786 11/05/97 0 0 02 7.5000 7.2500
1668490 1 ZZ 2 05 1 617,600.00 617,600.00 CA 94566 11/20/97 0 0 02 7.7500 7.5000
1668494 1 ZZ 2 05 1 650,000.00 650,000.00 CA 94028 11/20/97 0 0 02 7.7500 7.5000
1668789 1 ZZ 5 03 1 900,000.00 900,000.00 CA 95032 12/02/97 0 0 02 8.1250 7.8750
1669628 1 ZZ 2 03 1 650,000.00 650,000.00 CA 92672 12/23/97 0 0 22 7.3750 7.1250
1669876 1 ZZ 2 03 1 776,000.00 776,000.00 CA 92660 12/03/97 0 0 02 8.1250 7.8750
1670542 1 ZZ 2 03 1 925,000.00 925,000.00 CA 95762 12/12/97 0 0 02 8.1250 7.8750
1670595 1 ZZ 1 05 1 685,500.00 685,500.00 VA 22124 12/11/97 0 0 02 7.7500 7.5000
1671009 1 ZZ 2 01 1 1,000,000.00 1,000,000.00 CA 90057 12/08/97 0 0 22 7.8750 7.6250
1671494 1 ZZ 5 05 1 799,445.53 800,000.00 CA 90049 10/31/97 0 0 02 7.8400 7.5900
1671549 1 ZZ 2 05 1 649,541.24 650,000.00 CA 92651 11/14/97 0 0 02 7.7500 7.5000
1671742 1 ZZ 2 05 1 649,529.55 650,000.00 TN 37919 11/21/97 0 0 02 7.6250 7.3750
</TABLE>
<PAGE>
<TABLE>
RUN ON : 01/21/98 RFC DISCLOSURE SYSTEM PAGE : 2
AT : 15.27.07 LOAN DETAIL AMORTIZED BALANCE RFFSD161-01
SERIES : RFMSI I 1998-S2 CUT-OFF DATE: 01/01/98
POOL : 0004280
:
POOL STATUS: F
<CAPTION>
CURRENT
RF LOAN LOAN LOAN LOAN PROP NO OF PRINCIPLE ORIGINAL STATE/ZIP NOTE FINAL MI CERT POOL QUAL NOTE CURR RFC
NUMBER TYPE FEAT PURP TYPE UNITS BALANCE LOAN AMOUNT CODE DATE COMPL NUMBER A/R CODE RATE NET
------- ---- ---- ---- ---- ----- ----------- ------------ --------- -------- ----- ------------- ---- ---- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1671801 1 ZZ 1 03 1 650,000.00 650,000.00 FL 33458 12/15/97 0 0 22 7.7500 7.5000
1671925 1 ZZ 1 05 1 616,550.00 616,550.00 VA 20176 12/15/97 0 0 02 8.0000 7.7500
1672046 1 ZZ 2 05 1 650,000.00 650,000.00 FL 33786 12/05/97 0 0 22 7.8750 7.6250
1672174 1 ZZ 2 05 1 635,000.00 635,000.00 CA 94904 12/05/97 0 0 22 7.8750 7.6250
1672238 1 ZZ 1 05 1 649,541.24 650,000.00 CA 94028 11/03/97 0 0 02 7.7500 7.5000
1672449 1 ZZ 1 03 1 854,190.87 854,750.00 CA 92675 11/21/97 1 0 22 8.1250 7.8750
1672476 1 ZZ 1 03 1 649,517.60 650,000.00 CA 92657 11/04/97 1 0 02 7.5000 7.2500
1672901 1 ZZ 1 05 1 607,000.00 607,000.00 WA 98052 12/16/97 0 0 02 7.2500 7.0000
1673051 1 ZZ 2 05 1 613,000.00 613,000.00 CA 95762 12/23/97 0 0 02 7.7500 7.5000
1674627 1 ZZ 5 05 1 650,000.00 650,000.00 CA 90077 12/17/97 0 0 02 7.1250 6.8750
1674768 1 ZZ 2 05 1 650,000.00 650,000.00 CA 92677 12/05/97 0 0 02 7.3750 7.1250
2612043 1 ZZ 1 05 1 650,000.00 650,000.00 MD 20854 12/30/97 0 0 02 7.0000 6.7500
2612866 1 ZZ 2 05 1 650,000.00 650,000.00 MD 20854 12/31/97 0 0 02 7.5000 7.2500
------ --------------- ---------------
POOL TOTALS 57 41,525,509.24 41,550,133.48
</TABLE>
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* END OF REPORT *
***************************
<PAGE>
<TABLE>
RUN ON : 01/21/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 15.27.07 LOAN DETAIL II AMORTIZED BALANCE RFFSD174-01
SERIES : RFMSI I 1998-S2 CUT-OFF DATE: 01/01/98
POOL : 0004280
:
POOL STATUS: F
<CAPTION>
FIRST STATE CURRENT CURRENT
RF LOAN LN LN PR # PAID TO PAYMENT PRINCIPAL ZIP SEL ORG REM MI AV NOTE RFC
NUMBER FT PR TP UN DATE DATE BALANCE POOL CODE ID LTV TRM TRM CMID QC OCCP CO ST RATE NET
------- -- -- -- -- ------- ------- ----------- ----- ----- --- --- --- --- ------- -- ---- -- -- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1618614 ZZ 2 05 01 12/01/97 11/01/97 618,575.97 4280 PA 19355 B64 60 360 357 L005038 02 O 00 A 7.3750 7.1250
1643376 ZZ 1 05 01 01/01/98 02/01/98 858,000.00 4280 MD 20854 E26 80 360 360 L005038 02 O 00 A 8.0000 7.7500
1649311 ZZ 1 05 01 01/01/98 02/01/98 612,500.00 4280 CA 95138 G22 80 360 360 L005038 02 O 00 A 7.7500 7.5000
1649453 ZZ 2 05 01 12/01/97 12/01/97 645,858.07 4280 TX 75225 450 72 360 358 L005038 02 O 00 A 7.7500 7.5000
1649933 ZZ 2 05 01 02/01/98 01/01/98 951,328.08 4280 CA 94022 637 71 360 359 L005038 02 O 00 A 7.7500 7.5000
1650839 ZZ 1 05 01 01/01/98 02/01/98 650,000.00 4280 CA 90402 764 61 360 360 L005038 22 O 00 A 7.7500 7.5000
1652469 ZZ 5 05 01 01/01/98 01/01/98 737,041.61 4280 CA 95030 956 44 360 359 L005038 02 O 00 A 8.3750 8.1250
1653394 ZZ 2 05 01 02/01/98 02/01/98 650,000.00 4280 CA 93711 637 73 360 360 L005038 02 O 00 A 7.8750 7.6250
1653443 ZZ 1 05 01 01/01/98 02/01/98 787,500.00 4280 CT 06902 B24 70 360 360 L005038 02 O 00 A 7.8750 7.6250
1654648 ZZ 2 03 01 01/01/98 02/01/98 762,000.00 4280 CO 80401 F03 61 360 360 L005038 22 O 00 A 8.2500 8.0000
1655878 ZZ 1 05 01 12/01/97 01/01/98 799,449.44 4280 CT 06880 403 73 360 359 L005038 02 O 00 A 7.8750 7.6250
1656441 ZZ 2 05 01 01/01/98 02/01/98 1,311,000.00 4280 MA 01945 A19 68 360 360 L005038 02 O 00 A 8.5000 8.1250
1656637 ZZ 2 03 01 01/01/98 12/01/97 600,431.34 4280 CO 80110 J95 75 360 358 L005038 02 O 00 A 7.7500 7.5000
1659257 ZZ 2 05 01 02/01/98 01/01/98 649,541.24 4280 CA 95070 B98 72 360 359 L005038 02 O 00 A 7.7500 7.5000
1659324 ZZ 4 03 01 01/01/98 02/01/98 647,700.00 4280 TX 77059 A46 75 360 360 L005038 02 O 00 A 7.8750 7.6250
1659394 ZZ 2 05 01 12/01/97 01/01/98 627,522.14 4280 HI 96816 536 35 360 359 L005038 02 O 00 A 7.3750 7.1250
1659712 ZZ 2 05 01 01/01/98 02/01/98 630,000.00 4280 HI 96816 536 80 360 360 L005038 02 O 00 A 8.3750 8.1250
1660594 ZZ 2 05 01 01/01/98 01/01/98 919,317.23 4280 CA 90210 A01 69 360 359 L005038 02 O 00 A 7.5000 7.2500
1661966 ZZ 2 05 01 01/01/98 01/01/98 807,899.98 4280 MD 20854 591 69 360 359 L005038 02 O 00 A 7.5000 7.2500
1663139 ZZ 1 05 01 01/01/98 01/01/98 635,551.11 4280 CA 94010 664 80 360 359 L005038 02 O 00 A 7.7500 7.5000
1663310 ZZ 2 03 01 02/01/98 01/01/98 754,453.55 4280 CA 95070 664 47 360 359 L005038 02 O 00 A 7.6250 7.3750
1663804 ZZ 6 05 01 12/01/97 01/01/98 643,589.42 4280 CA 93103 830 76 348 347 L005038 02 O 00 A 8.1250 7.8750
1663981 ZZ 1 05 01 02/01/98 02/01/98 725,000.00 4280 NY 11771 195 75 360 360 L005038 02 O 00 A 7.8750 7.6250
1664899 ZZ 1 03 01 02/01/98 01/01/98 649,529.55 4280 CA 92653 664 78 360 359 L005038 02 O 00 A 7.6250 7.3750
1665043 ZZ 2 05 01 01/01/98 01/01/98 809,442.57 4280 CA 93921 E82 80 360 359 L005038 02 O 00 A 7.8750 7.6250
1665149 ZZ 2 05 01 01/01/98 01/01/98 955,682.19 4280 CA 91011 267 46 360 359 L005038 02 O 00 A 7.1250 6.8750
1665161 ZZ 5 03 01 12/01/97 01/01/98 649,505.40 4280 CA 92677 267 41 360 359 L005038 02 O 00 A 7.3750 7.1250
1665296 ZZ 1 05 01 01/01/98 02/01/98 1,080,000.00 4280 TX 75220 E22 60 360 360 L005038 02 O 00 A 8.0000 7.7500
1665302 ZZ 2 05 01 12/01/97 01/01/98 649,541.24 4280 NC 28480 E22 80 360 359 L005038 02 O 00 A 7.7500 7.5000
1665933 ZZ 1 03 01 12/01/97 01/01/98 935,387.80 4280 FL 33411 450 65 360 350 L005038 02 O 00 A 7.8750 7.6250
1666837 ZZ 1 03 01 01/01/98 01/01/98 649,552.68 4280 CA 92028 736 68 360 359 L005038 22 O 00 A 7.8750 7.6250
1667027 ZZ 1 05 01 12/01/97 12/01/97 646,160.39 4280 FL 33458 025 75 338 336 L005038 02 O 00 A 7.8750 7.6250
1667919 ZZ 5 05 01 12/01/97 12/01/97 649,032.21 4280 FL 34786 025 55 360 358 L005038 02 O 00 A 7.5000 7.2500
1668490 ZZ 2 05 01 01/01/98 02/01/98 617,600.00 4280 CA 94566 356 63 360 360 L005038 02 O 00 A 7.7500 7.5000
1668494 ZZ 2 05 01 01/01/98 02/01/98 650,000.00 4280 CA 94028 356 60 360 360 L005038 02 O 00 A 7.7500 7.5000
1668789 ZZ 5 03 01 01/01/98 02/01/98 900,000.00 4280 CA 95032 E22 59 360 360 L005038 02 O 00 A 8.1250 7.8750
1669628 ZZ 2 03 01 02/01/98 02/01/98 650,000.00 4280 CA 92672 638 70 360 360 L005038 22 O 00 A 7.3750 7.1250
1669876 ZZ 2 03 01 01/01/98 02/01/98 776,000.00 4280 CA 92660 E22 70 360 360 L005038 02 O 00 A 8.1250 7.8750
1670542 ZZ 2 03 01 01/01/98 02/01/98 925,000.00 4280 CA 95762 E22 70 360 360 L005038 02 O 00 A 8.1250 7.8750
1670595 ZZ 1 05 01 01/01/98 02/01/98 685,500.00 4280 VA 22124 E22 75 360 360 L005038 02 O 00 A 7.7500 7.5000
1671009 ZZ 2 01 01 01/01/98 02/01/98 1,000,000.00 4280 CA 90057 E22 58 360 360 L005038 22 O 00 A 7.8750 7.6250
1671494 ZZ 5 05 01 12/01/97 01/01/98 799,445.53 4280 CA 90049 686 31 360 359 L005038 02 O 00 A 7.8400 7.5900
1671549 ZZ 2 05 01 12/01/97 01/01/98 649,541.24 4280 CA 92651 686 65 360 359 L005038 02 O 00 A 7.7500 7.5000
1671742 ZZ 2 05 01 12/01/97 01/01/98 649,529.55 4280 TN 37919 246 73 360 359 L005038 02 O 00 A 7.6250 7.3750
</TABLE>
<PAGE>
<TABLE>
RUN ON : 01/21/98 RFC DISCLOSURE SYSTEM PAGE : 2
AT : 15.27.07 LOAN DETAIL II AMORTIZED BALANCE RFFSD174-01
SERIES : RFMSI I 1998-S2 CUT-OFF DATE: 01/01/98
POOL : 0004280
:
POOL STATUS: F
<CAPTION>
FIRST STATE CURRENT CURRENT
RF LOAN LN LN PR # PAID TO PAYMENT PRINCIPAL ZIP SEL ORG REM MI AV NOTE RFC
NUMBER FT PR TP UN DATE DATE BALANCE POOL CODE ID LTV TRM TRM CMID QC OCCP CO ST RATE NET
------- -- -- -- -- ------- ------- ----------- ----- ----- --- --- --- --- ------- -- ---- -- -- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1671801 ZZ 1 03 01 01/01/98 02/01/98 650,000.00 4280 FL 33458 E22 68 360 360 L005038 22 O 00 A 7.7500 7.5000
1671925 ZZ 1 05 01 01/01/98 02/01/98 616,550.00 4280 VA 20176 696 80 360 360 L005038 02 O 00 A 8.0000 7.7500
1672046 ZZ 2 05 01 01/01/98 02/01/98 650,000.00 4280 FL 33786 E22 55 360 360 L005038 22 O 00 A 7.8750 7.6250
1672174 ZZ 2 05 01 02/01/98 02/01/98 635,000.00 4280 CA 94904 964 66 360 360 L005038 22 O 00 A 7.8750 7.6250
1672238 ZZ 1 05 01 02/01/98 01/01/98 649,541.24 4280 CA 94028 A83 75 360 359 L005038 02 O 00 A 7.7500 7.5000
1672449 ZZ 1 03 01 12/01/97 01/01/98 854,190.87 4280 CA 92675 998 65 360 359 L005038 22 O 00 A 8.1250 7.8750
1672476 ZZ 1 03 01 12/01/97 01/01/98 649,517.60 4280 CA 92657 998 64 360 359 L005038 02 O 00 A 7.5000 7.2500
1672901 ZZ 1 05 01 02/01/98 02/01/98 607,000.00 4280 WA 98052 950 80 360 360 L005038 02 O 00 A 7.2500 7.0000
1673051 ZZ 2 05 01 01/01/98 02/01/98 613,000.00 4280 CA 95762 E22 79 360 360 L005038 02 O 00 A 7.7500 7.5000
1674627 ZZ 5 05 01 01/01/98 02/01/98 650,000.00 4280 CA 90077 267 65 360 360 L005038 02 O 00 A 7.1250 6.8750
1674768 ZZ 2 05 01 01/01/98 02/01/98 650,000.00 4280 CA 92677 267 77 360 360 L005038 02 O 00 A 7.3750 7.1250
2612043 ZZ 1 05 01 01/01/98 02/01/98 650,000.00 4280 MD 20854 696 80 360 360 L005038 02 O 00 A 7.0000 6.7500
2612866 ZZ 2 05 01 01/01/98 02/01/98 650,000.00 4280 MD 20854 696 70 360 360 L005038 02 O 00 A 7.5000 7.2500
------ ---------------
POOL TOTALS 57 41,525,509.24
***************************
* END OF REPORT *
***************************
</TABLE>
<PAGE>
RESIDENTIAL FUNDING CORPORATION 15:37 Wednesday, January 21, 1998 1
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012198.T153551.D
-------------------------------
* GROUP REPORTS
PORTSUMM PORTFOLIO SUMMARY
* FILE SELECTION CRITERIA IN ZFILE :
IF ( PROPZIPC GE '93600-0000' ) AND ( PROPSTCD EQ 'CA' );
<TABLE>
<CAPTION>
RUN ON : 01/21/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 15.37.55 SUMMARY DATA AMORTIZED BALANCE RFFSD159-01
SERIES : RFMSI I 1998-S2 CUT-OFF DATE: 01/01/98
POOL : 0004280
:
POOL STATUS: F
<S> <C> <C> <C> <C> <C> <C>
# % WALTV
----- -------- -------
$ AMT/# OF LOANS : 119,820,111.56 / 417 EQUITY REFI : 56 / 14.339 / 63.2315
PRODUCT TYPE : FIXED R+T REFINANCE : 158 / 39.601 / 69.1355
WA CURRENT NOTE RATE : 7.7312 LTD DOCS : 56 / 11.750 / 62.1999
CURRENT NOTE RATE RANGE : FROM 7.0000 TO 8.5000 CA% OF LTD DOCS : 56 / 100.000 / 62.1999
WA RFC NET RATE : 7.4771 NINA : 0 / .000 / .0000
RFC NET RATE RANGE : FROM 6.7500 TO 8.2500 BUYDOWNS : 0 / .000 / .0000
WA INITIAL SUB-SVC FEE : .2541 80< LTV< =90 : 15 / 3.479 / 89.3033
SUB-SVC FEE RANGE : FROM .2500 TO .9750 LTV> 90 : 3 / .657 / 93.6521
WA PASS THRU RATE : 7.0000 2ND/VACATION : 3 / .341 / 78.2006
PASS THRU RATE RANGE : FROM 7.0000 TO 7.0000
SINGLE FAMILY DETACHED : 344 / 82.688 / 72.5807
PUD(DETACHED) : 38 / 11.232 / 68.0697
: DETACHED 2-4 UNIT : 1 / .179 / 50.0000
WA REMAINING TERM : 358.9127 MOS (29 YRS 11 MOS) TOTAL DETACHED : 383 / 94.099 / 71.9992
WA SCHEDULED REMAINING TERM : 358.9312 MOS (29 YRS 11 MOS) CONDO-LOW(1-4) : 18 / 2.977 / 76.5196
WA ORIGINAL TERM : 359.6495 MOS (29 YRS 12 MOS) CONDO-MID(5-8) : 0 / .000 / .0000
MIN REMAINING TERM : 240 MOS (20 YRS 0 MOS) CONDO-HIGH(9+) : 0 / .000 / .0000
MIN SCHEDULED REMAINING TERM : 240 MOS (20 YRS 0 MOS) TOWNHOUSE : 5 / .931 / 75.1865
PUD (ATTACHED) : 11 / 1.994 / 80.2114
EARLIEST ORIGINATION DATE : 07/18/1997 COOP : 0 / .000 / .0000
LATEST MATURITY DATE : 01/01/2028 TOTAL ATTACHED : 34 / 5.901 / 77.5566
ORIG BAL RANGE/AVG ORIG BAL : 73,500.00 - 952,000.00 / 287,487.94 LEASEHOLD : 0 / .000 / .0000
CURRENT BAL RANGE/AVG PR BAL : 73,500.00 - 951,328.08 / 287,338.40 MANUFACTURED HOUSING : 0 / .000 / .0000
CURRENT PRIN BAL> $600K / % : 10,789,999.40 / 9.005 TOTAL : 417 / 100.000 / 72.3272
OWNER OCCUPIED : 417 / 100.000 / 72.3272
NON-OWNER OCCUPIED : 0 / .000 / .0000
STATE AND ZIP INFORMATION:
STATES OVER 5%
CA 100.000 119,820,111.56
0
HIGHEST CALIFORNIA ZIP CODE: CA 94550 2.436 % $ 2,919,196.23
HIGHEST NON-CALIFORNIA ZIP CODE: .000 % $ .00
CALIFORNIA ZIP CODES OVER 1% : 27 / 44.042 % / 52,771,166.29
94550 2.436 94583 2.405 94566 2.381 95762 2.268 94010 2.195
*** HIGHEST FIVE ZIP CODES ***
SELLER INFORMATION: COMMENTS:
% > 10%: SELLER # / %
E22 11.291 998 12.118
HIGHEST SELLER <= 10% : 637 9.554
SERVICER INFORMATION:
% FROM 560/600+660: .000 / .000
% > 10%: SERVICER # / %
G01 72.268 998 12.118
HIGHEST SERVICER <= 10% : 267 6.317
</TABLE>
<PAGE>
RESIDENTIAL FUNDING CORPORATION 15:33 Wednesday, January 21, 1998
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012198.T153127.D
-------------------------------
* GROUP REPORTS
PORTSUMM PORTFOLIO SUMMARY
* FILE SELECTION CRITERIA IN ZFILE :
IF ( PROPSTCD EQ 'CA' ) AND ( PROPZIPC LE '93599-9999' );
<TABLE>
<CAPTION>
RUN ON : 01/21/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 15.34.24 SUMMARY DATA AMORTIZED BALANCE RFFSD159-01
SERIES : RFMSI I 1998-S2 CUT-OFF DATE: 01/01/98
POOL : 0004280
:
POOL STATUS: F
# % WALTV
<S> <C> <C> <C> <C> <C> <C>
----- -------- -------
$ AMT/# OF LOANS : 127,198,600.33 / 446 EQUITY REFI : 32 / 7.573 / 62.6019
PRODUCT TYPE : FIXED R+T REFINANCE : 176 / 40.742 / 72.9978
WA CURRENT NOTE RATE : 7.6473 LTD DOCS : 81 / 16.128 / 66.6339
CURRENT NOTE RATE RANGE : FROM 6.8750 TO 8.5000 CA% OF LTD DOCS : 81 / 100.000 / 66.6339
WA RFC NET RATE : 7.3959 NINA : 0 / .000 / .0000
RFC NET RATE RANGE : FROM 6.6250 TO 8.2500 BUYDOWNS : 1 / .188 / 88.0000
WA INITIAL SUB-SVC FEE : .2514 80< LTV< =90 : 33 / 7.362 / 88.2190
SUB-SVC FEE RANGE : FROM .2500 TO .7750 LTV> 90 : 10 / 1.964 / 94.5773
WA PASS THRU RATE : 7.0000 2ND/VACATION : 2 / .643 / 79.3276
PASS THRU RATE RANGE : FROM 7.0000 TO 7.0000
SINGLE FAMILY DETACHED : 305 / 66.796 / 74.6950
PUD(DETACHED) : 115 / 28.374 / 75.3936
DETACHED 2-4 UNIT : 3 / .395 / 66.8129
WA REMAINING TERM : 359.2902 MOS (29 YRS 11 MOS) TOTAL DETACHED : 423 / 95.566 / 74.8698
WA SCHEDULED REMAINING TERM : 359.3328 MOS (29 YRS 11 MOS) CONDO-LOW(1-4) : 22 / 4.268 / 74.0319
WA ORIGINAL TERM : 359.9258 MOS (29 YRS 12 MOS) CONDO-MID(5-8) : 0 / .000 / .0000
MIN REMAINING TERM : 346 MOS (28 YRS 10 MOS) CONDO-HIGH(9+) : 0 / .000 / .0000
MIN SCHEDULED REMAINING TERM : 347 MOS (28 YRS 11 MOS) TOWNHOUSE : 0 / .000 / .0000
PUD (ATTACHED) : 1 / .166 / 39.0000
EARLIEST ORIGINATION DATE : 12/18/1996 COOP : 0 / .000 / .0000
LATEST MATURITY DATE : 01/01/2028 TOTAL ATTACHED : 23 / 4.434 / 72.7224
ORIG BAL RANGE/AVG ORIG BAL : 66,300.00 - 1,000,000.00 / 285,328.74 LEASEHOLD : 0 / .000 / .0000
CURRENT BAL RANGE/AVG PR BAL : 66,254.37 - 1,000,000.00 / 285,198.66 MANUFACTURED HOUSING : 0 / .000 / .0000
CURRENT PRIN BAL> $600K / % : 11,795,871.71 / 9.274 TOTAL : 446 / 100.000 / 74.7746
OWNER OCCUPIED : 446 / 100.000 / 74.7746
NON-OWNER OCCUPIED : 0 / .000 / .0000
STATE AND ZIP INFORMATION:
STATES OVER 5%
CA 100.000 127,198,600.33
0
HIGHEST CALIFORNIA ZIP CODE: CA 92009 2.286 % $ 2,908,218.29
HIGHEST NON-CALIFORNIA ZIP CODE: .000 % $ .00
CALIFORNIA ZIP CODES OVER 1% : 19 / 27.826 % / 35,394,559.27
92009 2.286 91011 2.132 92679 1.872 92677 1.825 92648 1.808
*** HIGHEST FIVE ZIP CODES ***
SELLER INFORMATION: COMMENTS:
% > 10%: SELLER # / %
E22 10.694 267 16.615
HIGHEST SELLER <= 10% : 998 9.884
SERVICER INFORMATION:
% FROM 560/600+660: .000 / .000
% > 10%: SERVICER # / %
G01 57.273 267 16.615
HIGHEST SERVICER <= 10% : 998 9.884
</TABLE>
