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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: August 24, 1998
(Date of earliest event reported)
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-57481 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
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Item 5. Other Events.
On August 28, 1998, the Registrant will cause the issuance and
sale of approximately $1,564,870,230.89 initial principal amount of
Mortgage Pass-Through Certificates, Series 1998-S17, Class A-1, Class
A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8,
Class A-9, Class A-10, Class A-11, Class A-10, Class A-11, Class A-12,
Class A-13, Class A-14, Class A-15, Class A-16, Class A-17, Class A-18,
Class A-19, Class A-20, Class A-21, Class R, Class M-1, Class M-2,
Class M-3, Class B-1, Class B-2 and Class B-3 (the "Certificates")
pursuant to a Pooling and Servicing Agreement to be dated as of August
1, 1998, among the Registrant, Residential Funding Corporation, as
Master Servicer, and The First National Bank of Chicago, as Trustee.
In connection with the sale of the Series 1998-S17, Class A-1,
Class A-2, Class A- 3, Class A-4, Class A-5, Class A-6, Class A-7,
Class A-8 Class A-9 Class A-10, Class A- 11, Class A-12, Class A-13,
Class A-14, Class A-15, Class A-16, Class A-18, Class R Certificates,
other than a de minimis portion of the Class R Certificates, Class M-1,
Class M-2 and Class M-3 Certificates (the "Salomon Underwritten
Certificates"), to Salomon Brothers Inc ("Salomon") and the sale of the
Series 1998-S17, Class A-19 Certificates (the "Bear Underwritten
Certificates"; and together with the Salomon Underwritten Certificates,
the "Underwritten Certificates") to Bear, Stearns & Co. Inc. ("Bear
Stearns"; and together with Salomon, the "Underwriters") the Registrant
has been advised by the Underwriters that the Underwriters have
furnished to prospective investors certain yield tables and other
computational materials (the "Computational Materials") with respect to
the Underwritten Certificates following the effective date of
Registration Statement No. 333-57481, which Computational Materials are
being filed manually as exhibits to this report.
The Computational Materials have been provided by the
Underwriters. The information in the Computational Materials is
preliminary and may be superseded by the Prospectus Supplement relating
to the Certificates and by any other information subsequently filed
with the Securities and Exchange Commission.
The Computational Materials consist of the first 99 pages (the
"Computational Materials") that appear after the Form SE cover sheet
and the page headed "NOTICE". The Underwriter has advised the
Registrant that certain information in the Computational Materials may
have been based on assumptions that differed from the final pool
information.
The Computational Materials were prepared by the Underwriters
at the request of certain prospective investors, based on assumptions
provided by, and satisfying the special
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requirements of, such prospective investors. The Computational
Materials may be based on assumptions that differ from the assumptions
set forth in the 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 Underwritten Certificates (the "Mortgage
Loans") 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 might vary 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.
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 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:
Name: Randy Van Zee
Title: Vice President
Dated: August 24, 1998
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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: /Randy Van Zee
Name: Randy Van Zee
Title: Vice President
Dated: August 24, 1998
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EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
1 99 Computational Materials Filed Manually
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EXHIBIT
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