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) December 30, 1998
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 333-57481 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 2
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Item 5. Other Events.
On December 30, 1998 Registrant will issue approximately $306,619,397
initial principal amount of Mortgage Pass-Through Certificates, Series 1998-S29,
Class A-1, Class R, Class M-1, Class M-2, Class M-3, (the "Offered
Certificates"), Class B-1, Class B-2 and Class B-3, (together with the Offered
Certificates, the "Certificates"), pursuant to a Pooling and Servicing Agreement
to be dated as of December 1, 1998, among the Registrant, Residential Funding
Corporation, as Master Servicer, and Bankers Trust Company, as Trustee.
In connection with the sale of the Series 1998-S29 Class A-1 and Class R
Certificates (the "Underwritten Certificates"), the Registrant has been advised
by Salomon Brothers Inc. and Residential Funding Securities Corporation
(together, 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 the Registrant's Registration Statement (No.
333-574817) but prior to the availability of a final Prospectus relating to the
Underwritten Certificates, which Computational Materials are being filed
manually as exhibits to this report.
The Computational Materials filed herewith have been provided solely 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may be superseded by the Prospectus Supplement relating to the Certificates and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 were prepared by the Underwriters at the
request of certain prospective investors, based on assumptions provided by, and
satisfying the special requirements of, such prospective 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 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.
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 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) Not applicable
(b) Not applicable
Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
1 99 Computational
Materials
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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: December 30, 1998
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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:
Name: Randy Van Zee
Title: Vice President
Dated: December 30, 1998
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