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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: November 19, 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 November 25, 1998, the Registrant expects to cause the issuance
and sale of Mortgage Pass-Through Certificates, Series 1998-S26 (the
"Certificates") pursuant to a Pooling and Servicing Agreement to be dated
as of November 1, 1998, among the Registrant, Residential Funding
Corporation, as Master Servicer, and The First National Bank of Chicago,
as Trustee.
In connection with the expected sale of the Series 1998-S26, Class
A-1 through Class A-8 Certificates (the "Underwritten Certificates"), the
Registrant has been advised by Salomon Brothers Inc., (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 Computational Materials filed herewith as Exhibit 99 have been
provided by the Underwriter. The information in the 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Materials is preliminary and may be superseded by the Prospectus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 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
Computational Materials may be based on assumptions that differ from the
assumptions set forth in the related 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 Certificates 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 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, expected maturity, interest rate
sensitivity and cash flow characteristics of a particular class of
Underwritten Certificates.
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Certain assumptions may have been made in the Computational
Materials which have resulted in certain returns which are detailed in the
Computational Materials. No representation is made that any returns set
forth in the 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 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/ Randal Van Zee
Name: Randal L. Van Zee
Title: Vice President
Dated: November 19, 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:
Name: Randal L. Van Zee
Title: Vice President
Dated: November 19, 1998
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EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Computational P
Materials
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EXHIBIT 1
(Intentionally Omitted)
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