-1-
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>
-2-
Item 5. Other Events.
On January 29, 1998 the Registrant expects to cause the
issuance and sale of Mortgage Pass-Through Certificates, Series 1998-S1
(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-S1
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preliminary and will be superseded by the Description of the Mortgage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>
-3-
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>
-4-
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>
-5-
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 06:32 Tuesday, January 20, 1998 1
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012098.T063139.D
-------------------------------
* INDIVIDUAL REPORTS
RFFSD161 Loan Detail RFFSD174 Loan Detail II
* FILE SELECTION CRITERIA IN ZFILE :
IF ( PRINBAL GT '600000' );
<PAGE>
<TABLE>
RUN ON : 01/20/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 06.33.00 LOAN DETAIL AMORTIZED BALANCE RFFSD161-01
SERIES : RFMSI 1998-S1 CUT-OFF DATE: 01/01/98
POOL : 0004279
:
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>
1622392 1 ZZ 2 05 1 665,007.95 675,000.00 CA 95070 08/01/97 0 0 02 7.8750 7.6250
1648202 1 ZZ 2 05 1 997,110.15 1,000,000.00 CA 95608 11/06/97 0 0 02 8.0000 7.7500
1656485 1 ZZ 5 05 1 800,000.00 800,000.00 CA 91789 12/01/97 0 0 02 7.5000 7.2500
1658413 1 ZZ 1 05 1 819,000.00 819,000.00 FL 33306 12/05/97 0 0 22 8.0000 7.7500
1664932 1 ZZ 1 05 1 647,926.90 650,000.00 CA 90274 11/17/97 0 0 02 6.8750 6.6250
1668015 1 ZZ 2 03 1 650,000.00 650,000.00 CA 90077 12/05/97 0 0 02 6.8750 6.6250
1668034 1 ZZ 1 05 1 771,558.07 774,000.00 NJ 07670 11/21/97 0 0 02 7.0000 6.7500
1668038 1 ZZ 1 05 1 647,949.28 650,000.00 NY 10024 11/14/97 0 0 02 7.0000 6.7500
1668064 1 ZZ 5 05 1 636,122.16 640,000.00 CT 06794 10/31/97 0 0 22 7.5000 7.2500
1668089 1 ZZ 5 05 1 996,913.04 1,000,000.00 FL 33160 11/21/97 0 0 02 7.2500 7.0000
1668100 1 ZZ 1 03 1 741,703.30 744,000.00 CO 80401 11/26/97 0 0 02 7.2500 7.0000
1668109 1 ZZ 2 03 1 879,374.64 885,400.00 OR 97219 10/31/97 0 0 02 7.1250 6.8750
1668119 1 ZZ 2 05 1 647,871.78 649,900.00 CA 93108 11/05/97 0 0 22 7.1250 6.8750
1668151 1 ZZ 1 03 1 645,997.76 650,000.00 GA 30097 10/22/97 0 0 22 7.3750 7.1250
1668154 1 ZZ 2 03 1 635,861.53 640,000.00 FL 32312 10/27/97 0 0 02 6.7500 6.5000
1668190 1 ZZ 1 06 1 996,913.04 1,000,000.00 TX 77007 11/03/97 0 0 02 7.2500 7.0000
1668203 1 ZZ 1 05 1 648,079.62 650,000.00 CA 94025 11/01/97 0 0 02 7.7500 7.5000
1668223 1 ZZ 1 05 1 648,100.69 650,000.00 GA 30305 11/13/97 0 0 02 7.8750 7.6250
1668230 1 ZZ 5 05 1 648,036.91 650,000.00 CA 92037 11/03/97 0 0 02 7.5000 7.2500
1668297 1 ZZ 5 05 1 897,370.20 900,000.00 CA 95070 11/01/97 0 0 02 7.8750 7.6250
1668298 1 ZZ 5 05 1 984,570.63 1,000,000.00 CA 92651 10/30/97 0 0 02 8.1250 7.8750
1668685 1 ZZ 2 05 1 647,655.14 649,750.00 HI 96821 11/11/97 0 0 02 6.7500 6.5000
1669973 1 ZZ 5 05 1 650,000.00 650,000.00 MI 48103 12/11/97 0 0 02 6.8750 6.6250
1670167 1 ZZ 1 05 1 648,036.91 650,000.00 NJ 07078 11/26/97 0 0 02 7.5000 7.2500
1670173 1 ZZ 1 05 1 647,971.48 650,000.00 TX 77005 11/10/97 0 0 02 7.1250 6.8750
1670186 1 ZZ 2 05 1 645,881.21 649,950.00 CA 92014 10/01/97 0 0 02 7.1250 6.8750
1670227 1 ZZ 2 05 1 665,895.87 670,000.00 MO 63131 10/31/97 0 0 02 7.3750 7.1250
1670237 1 ZZ 1 03 1 645,930.90 650,000.00 TX 77019 10/17/97 0 0 02 7.1250 6.8750
1670419 1 ZZ 1 05 1 626,144.61 628,000.00 MO 63131 11/14/97 0 0 02 7.7500 7.5000
1670603 1 ZZ 2 05 1 650,000.00 650,000.00 TN 37027 12/15/97 0 0 02 7.1250 6.8750
1670669 1 ZZ 2 05 1 616,133.56 618,000.00 CA 94563 11/10/97 0 0 02 7.5000 7.2500
1670682 1 ZZ 1 05 1 643,533.71 647,500.00 NC 27609 10/31/97 0 0 02 7.3750 7.1250
1671853 1 ZZ 2 03 1 845,000.00 845,000.00 GA 30642 12/22/97 0 0 22 7.1250 6.8750
1673218 1 ZZ 1 05 1 622,094.67 624,000.00 TN 37205 11/03/97 0 0 02 7.3750 7.1250
2611806 1 ZZ 2 05 1 800,000.00 800,000.00 VA 20129 12/19/97 0 0 02 7.6250 7.3750
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN ON : 01/20/98 RFC DISCLOSURE SYSTEM PAGE : 2
AT : 06.33.00 LOAN DETAIL AMORTIZED BALANCE RFFSD161-01
SERIES : RFMSI 1998-S1 CUT-OFF DATE: 01/01/98
POOL : 0004279
:
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>
POOL TOTALS 35 25,359,745.71 25,459,500.00
</TABLE>
***************************
* END OF REPORT *
***************************
<PAGE>
<TABLE>
<CAPTION>
RUN ON : 01/20/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 06.33.00 LOAN DETAIL II AMORTIZED BALANCE RFFSD174-01
SERIES : RFMSI 1998-S1 CUT-OFF DATE: 01/01/98
POOL : 0004279
:
POOL STATUS: F
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>
1622392 ZZ 2 05 01 01/01/98 09/01/97 665,007.95 4279 CA 95070 F02 62 180 175 L005046 02 O 00 A 7.8750 7.6250
1648202 ZZ 2 05 01 12/01/97 01/01/98 997,110.15 4279 CA 95608 387 63 180 179 L005046 02 O 00 A 8.0000 7.7500
1656485 ZZ 5 05 01 01/01/98 02/01/98 800,000.00 4279 CA 91789 B23 60 180 180 L005046 02 O 00 A 7.5000 7.2500
1658413 ZZ 1 05 01 01/01/98 02/01/98 819,000.00 4279 FL 33306 B75 69 180 180 L005046 22 O 00 A 8.0000 7.7500
1664932 ZZ 1 05 01 01/01/98 01/01/98 647,926.90 4279 CA 90274 267 74 180 179 L005046 02 O 00 A 6.8750 6.6250
1668015 ZZ 2 03 01 01/01/98 02/01/98 650,000.00 4279 CA 90077 B57 73 180 180 L005046 02 O 00 A 6.8750 6.6250
1668034 ZZ 1 05 01 01/01/98 01/01/98 771,558.07 4279 NJ 07670 074 60 180 179 L005046 02 O 00 A 7.0000 6.7500
1668038 ZZ 1 05 01 01/01/98 01/01/98 647,949.28 4279 NY 10024 074 50 180 179 L005046 02 O 00 A 7.0000 6.7500
1668064 ZZ 5 05 01 01/01/98 12/01/97 636,122.16 4279 CT 06794 074 53 180 178 L005046 22 O 00 A 7.5000 7.2500
1668089 ZZ 5 05 01 02/01/98 01/01/98 996,913.04 4279 FL 33160 074 63 180 179 L005046 02 O 00 A 7.2500 7.0000
1668100 ZZ 1 03 01 02/01/98 01/01/98 741,703.30 4279 CO 80401 074 80 180 179 L005046 02 O 00 A 7.2500 7.0000
1668109 ZZ 2 03 01 02/01/98 12/01/97 879,374.64 4279 OR 97219 074 56 180 178 L005046 02 O 00 A 7.1250 6.8750
1668119 ZZ 2 05 01 02/01/98 01/01/98 647,871.78 4279 CA 93108 074 55 180 179 L005046 22 O 00 A 7.1250 6.8750
1668151 ZZ 1 03 01 02/01/98 12/01/97 645,997.76 4279 GA 30097 074 65 180 178 L005046 22 O 00 A 7.3750 7.1250
1668154 ZZ 2 03 01 02/01/98 12/01/97 635,861.53 4279 FL 32312 074 80 180 178 L005046 02 O 00 A 6.7500 6.5000
1668190 ZZ 1 06 01 02/01/98 01/01/98 996,913.04 4279 TX 77007 074 70 180 179 L005046 02 O 00 A 7.2500 7.0000
1668203 ZZ 1 05 01 02/01/98 01/01/98 648,079.62 4279 CA 94025 074 61 180 179 L005046 02 O 00 A 7.7500 7.5000
1668223 ZZ 1 05 01 02/01/98 01/01/98 648,100.69 4279 GA 30305 074 74 180 179 L005046 02 O 00 A 7.8750 7.6250
1668230 ZZ 5 05 01 02/01/98 01/01/98 648,036.91 4279 CA 92037 074 75 180 179 L005046 02 O 00 A 7.5000 7.2500
1668297 ZZ 5 05 01 02/01/98 01/01/98 897,370.20 4279 CA 95070 074 65 180 179 L005046 02 O 00 A 7.8750 7.6250
1668298 ZZ 5 05 01 02/01/98 12/01/97 984,570.63 4279 CA 92651 074 72 180 175 L005046 02 O 00 A 8.1250 7.8750
1668685 ZZ 2 05 01 01/01/98 01/01/98 647,655.14 4279 HI 96821 369 65 180 179 L005046 02 O 00 A 6.7500 6.5000
1669973 ZZ 5 05 01 01/01/98 02/01/98 650,000.00 4279 MI 48103 450 55 180 180 L005046 02 O 00 A 6.8750 6.6250
1670167 ZZ 1 05 01 01/01/98 01/01/98 648,036.91 4279 NJ 07078 354 75 180 179 L005046 02 O 00 A 7.5000 7.2500
1670173 ZZ 1 05 01 12/01/97 01/01/98 647,971.48 4279 TX 77005 354 78 180 179 L005046 02 O 00 A 7.1250 6.8750
1670186 ZZ 2 05 01 01/01/98 12/01/97 645,881.21 4279 CA 92014 354 78 180 178 L005046 02 O 00 A 7.1250 6.8750
1670227 ZZ 2 05 01 01/01/98 01/01/98 665,895.87 4279 MO 63131 354 56 180 178 L005046 02 O 00 A 7.3750 7.1250
1670237 ZZ 1 03 01 12/01/97 12/01/97 645,930.90 4279 TX 77019 354 71 180 178 L005046 02 O 00 A 7.1250 6.8750
1670419 ZZ 1 05 01 12/01/97 01/01/98 626,144.61 4279 MO 63131 354 80 180 179 L005046 02 O 00 A 7.7500 7.5000
1670603 ZZ 2 05 01 01/01/98 02/01/98 650,000.00 4279 TN 37027 E48 73 180 180 L005046 02 O 00 A 7.1250 6.8750
1670669 ZZ 2 05 01 12/01/97 01/01/98 616,133.56 4279 CA 94563 387 70 180 179 L005046 02 O 00 A 7.5000 7.2500
1670682 ZZ 1 05 01 12/01/97 12/01/97 643,533.71 4279 NC 27609 387 70 180 178 L005046 02 O 00 A 7.3750 7.1250
1671853 ZZ 2 03 01 01/01/98 02/01/98 845,000.00 4279 GA 30642 757 65 180 180 L005046 22 O 00 A 7.1250 6.8750
1673218 ZZ 1 05 01 12/01/97 01/01/98 622,094.67 4279 TN 37205 076 80 180 179 L005046 02 O 00 A 7.3750 7.1250
2611806 ZZ 2 05 01 01/01/98 02/01/98 800,000.00 4279 VA 20129 696 67 180 180 L005046 02 O 00 A 7.6250 7.3750
</TABLE>
<PAGE>
<TABLE>
RUN ON : 01/20/98 RFC DISCLOSURE SYSTEM PAGE : 2
AT : 06.33.00 LOAN DETAIL II AMORTIZED BALANCE RFFSD174-01
SERIES : RFMSI 1998-S1 CUT-OFF DATE: 01/01/98
POOL : 0004279
:
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>
POOL TOTALS 35 25,359,745.71
</TABLE>
***************************
* END OF REPORT *
***************************
<PAGE>
RESIDENTIAL FUNDING CORPORATION 07:17 Tuesday, January 20, 1998 1
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012098.T071640.D
-------------------------------
* GROUP REPORTS
PORTSUMM PORTFOLIO SUMMARY
* FILE SELECTION CRITERIA IN ZFILE :
IF ( PROPSTCD EQ 'CA' ) AND ( PROPZIPC GE '93600-0000' );
<TABLE>
<CAPTION>
RUN ON : 01/20/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 07.18.07 SUMMARY DATA AMORTIZED BALANCE RFFSD159-01
SERIES : RFMSI 1998-S1 CUT-OFF DATE: 01/01/98
POOL : 0004279
:
POOL STATUS: F
# % WALTV
<S> <C> <C> <C> <C> <C>
----- -------- -------
$ AMT/# OF LOANS : 21,897,292.01 / 68 EQUITY REFI : 11 / 17.365 / 68.5394
PRODUCT TYPE : FIXED R+T REFINANCE : 47 / 66.231 / 63.1451
WA CURRENT NOTE RATE : 7.3949 LTD DOCS : 9 / 11.008 / 58.4583
CURRENT NOTE RATE RANGE : FROM 6.3750 TO 8.2500 CA% OF LTD DOCS : 9 / 100.000 / 58.4583
WA RFC NET RATE : 7.1449 NINA : 0 / .000 / .0000
RFC NET RATE RANGE : FROM 6.1250 TO 8.0000 BUYDOWNS : 0 / .000 / .0000
WA INITIAL SUB-SVC FEE : .2500 80< LTV< =90 : 3 / 3.046 / 89.2378
SUB-SVC FEE RANGE : FROM .2500 TO .2500 LTV> 90 : 0 / .000 / .0000
WA PASS THRU RATE : 6.5000 2ND/VACATION : 1 / 1.188 / 50.0000
PASS THRU RATE RANGE : FROM 6.5000 TO 6.5000
SINGLE FAMILY DETACHED : 51 / 78.793 / 63.6970
: PUD(DETACHED) : 13 / 17.300 / 65.0656
: DETACHED 2-4 UNIT : 0 / .000 / .0000
WA REMAINING TERM : 178.8620 MOS (14 YRS 11 MOS) TOTAL DETACHED : 64 / 96.093 / 63.9434
WA SCHEDULED REMAINING TERM : 178.8616 MOS (14 YRS 11 MOS) CONDO-LOW(1-4) : 1 / .582 / 51.0000
WA ORIGINAL TERM : 180.0000 MOS (15 YRS 0 MOS) CONDO-MID(5-8) : 0 / .000 / .0000
MIN REMAINING TERM : 175 MOS (14 YRS 7 MOS) CONDO-HIGH(9+) : 0 / .000 / .0000
MIN SCHEDULED REMAINING TERM : 175 MOS (14 YRS 7 MOS) TOWNHOUSE : 3 / 3.325 / 63.2440
PUD (ATTACHED) : 0 / .000 / .0000
EARLIEST ORIGINATION DATE : 08/01/1997 COOP : 0 / .000 / .0000
LATEST MATURITY DATE : 01/01/2013 TOTAL ATTACHED : 4 / 3.907 / 61.4209
ORIG BAL RANGE/AVG ORIG BAL : 62,000.00 - 1,000,000.00 / 323,143.53 LEASEHOLD : 0 / .000 / .0000
CURRENT BAL RANGE/AVG PR BAL : 61,620.20 - 997,110.15 / 322,019.00 MANUFACTURED HOUSING : 0 / .000 / .0000
CURRENT PRIN BAL> $600K / % : 3,823,701.48 / 17.462 TOTAL : 68 / 100.000 / 63.8449
OWNER OCCUPIED : 68 / 100.000 / 63.8449
NON-OWNER OCCUPIED : 0 / .000 / .0000
STATE AND ZIP INFORMATION:
STATES OVER 5%
CA 100.000 21,897,292.01
0
HIGHEST CALIFORNIA ZIP CODE: CA 95070 8.729 % $ 1,911,309.46
HIGHEST NON-CALIFORNIA ZIP CODE: .000 % $ .00
CALIFORNIA ZIP CODES OVER 1% : 52 / 96.624 % / 21,158,105.26
95070 8.729 94539 5.449 95608 4.554 94025 2.960 94563 2.814
*** HIGHEST FIVE ZIP CODES ***
SELLER INFORMATION: COMMENTS:
% > 10%: SELLER # / %
074 24.541 356 11.492
HIGHEST SELLER <= 10% : 387 8.870
SERVICER INFORMATION:
% FROM 560/600+660: .000 / .000
% > 10%: SERVICER # / %
G01 62.456
HIGHEST SERVICER <= 10% : 387 8.870
</TABLE>
<PAGE>
RESIDENTIAL FUNDING CORPORATION 06:39 Tuesday, January 20, 1998 1
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012098.T063710.D
-------------------------------
* INDIVIDUAL REPORTS
RFFSD159 Portfolio Summary
* FILE SELECTION CRITERIA IN ZFILE :
IF ( PROPZIPC LE '93599-9999' ) AND ( PROPSTCD EQ 'CA' );
<TABLE>
<CAPTION>
RUN ON : 01/20/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 06.39.54 SUMMARY DATA AMORTIZED BALANCE RFFSD159-01
SERIES : RFMSI 1998-S1 CUT-OFF DATE: 01/01/98
POOL : 0004279
:
POOL STATUS: F
<S> <C> <C> <C> <C> <C>
# % WALTV
----- -------- -------
$ AMT/# OF LOANS : 30,979,845.07 / 96 EQUITY REFI : 18 / 18.681 / 65.4195
PRODUCT TYPE : FIXED R+T REFINANCE : 54 / 57.430 / 68.5613
WA CURRENT NOTE RATE : 7.3684 LTD DOCS : 29 / 21.163 / 56.9678
CURRENT NOTE RATE RANGE : FROM 6.6250 TO 8.1250 CA% OF LTD DOCS : 29 / 100.000 / 56.9678
WA RFC NET RATE : 7.1184 NINA : 0 / .000 / .0000
RFC NET RATE RANGE : FROM 6.3750 TO 7.8750 BUYDOWNS : 0 / .000 / .0000
WA INITIAL SUB-SVC FEE : .2500 80< LTV< =90 : 1 / .769 / 90.0000
SUB-SVC FEE RANGE : FROM .2500 TO .2500 LTV> 90 : 0 / .000 / .0000
WA PASS THRU RATE : 6.5000 2ND/VACATION : 1 / 1.425 / 66.0000
PASS THRU RATE RANGE : FROM 6.5000 TO 6.5000
SINGLE FAMILY DETACHED : 63 / 66.050 / 67.9191
: PUD(DETACHED) : 23 / 25.017 / 69.9297
: DETACHED 2-4 UNIT : 1 / 1.039 / 65.0000
WA REMAINING TERM : 178.5894 MOS (14 YRS 11 MOS) TOTAL DETACHED : 87 / 92.106 / 68.4323
WA SCHEDULED REMAINING TERM : 178.7375 MOS (14 YRS 11 MOS) CONDO-LOW(1-4) : 6 / 5.375 / 73.1563
WA ORIGINAL TERM : 180.0000 MOS (15 YRS 0 MOS) CONDO-MID(5-8) : 0 / .000 / .0000
MIN REMAINING TERM : 168 MOS (14 YRS 0 MOS) CONDO-HIGH(9+) : 1 / 1.126 / 65.0000
MIN SCHEDULED REMAINING TERM : 168 MOS (14 YRS 0 MOS) TOWNHOUSE : 0 / .000 / .0000
PUD (ATTACHED) : 2 / 1.393 / 75.4543
EARLIEST ORIGINATION DATE : 12/11/1996 COOP : 0 / .000 / .0000
LATEST MATURITY DATE : 01/01/2013 TOTAL ATTACHED : 9 / 7.894 / 72.3978
ORIG BAL RANGE/AVG ORIG BAL : 30,000.00 - 1,000,000.00 / 324,102.60 LEASEHOLD : 0 / .000 / .0000
CURRENT BAL RANGE/AVG PR BAL : 29,907.79 - 984,570.63 / 322,706.72 MANUFACTURED HOUSING : 0 / .000 / .0000
CURRENT PRIN BAL> $600K / % : 5,024,287.43 / 16.218 TOTAL : 96 / 100.000 / 68.7453
OWNER OCCUPIED : 96 / 100.000 / 68.7453
NON-OWNER OCCUPIED : 0 / .000 / .0000
STATE AND ZIP INFORMATION:
STATES OVER 5%
CA 100.000 30,979,845.07
0
HIGHEST CALIFORNIA ZIP CODE: CA 91789 4.694 % $ 1,454,200.00
HIGHEST NON-CALIFORNIA ZIP CODE: .000 % $ .00
CALIFORNIA ZIP CODES OVER 1% : 37 / 76.438 % / 23,680,267.46
91789 4.694 90266 4.083 92625 3.944 93108 3.936 92037 3.604
*** HIGHEST FIVE ZIP CODES ***
SELLER INFORMATION: COMMENTS:
% > 10%: SELLER # / %
074 31.713 267 10.928
HIGHEST SELLER <= 10% : 686 7.519
SERVICER INFORMATION:
% FROM 560/600+660: .000 / .000
% > 10%: SERVICER # / %
G01 61.746 267 10.928
HIGHEST SERVICER <= 10% : 686 7.519
</TABLE>
<PAGE>
RESIDENTIAL FUNDING CORPORATION 07:20 Tuesday, January 20, 1998
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012098.T071907.D
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* GROUP REPORTS
PORTSUMM PORTFOLIO SUMMARY
* FILE SELECTION CRITERIA IN ZFILE :
<TABLE>
<CAPTION>
RUN ON : 01/20/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 07.20.41 SUMMARY DATA AMORTIZED BALANCE RFFSD159-01
SERIES : RFMSI 1998-S1 CUT-OFF DATE: 01/01/98
POOL : 0004279
:
POOL STATUS: F
# % WALTV
<S> <C> <C> <C> <C> <C> <C>
----- -------- -------
$ AMT/# OF LOANS : 226,113,553.24 / 791 EQUITY REFI : 175 / 19.251 / 66.6273
PRODUCT TYPE : FIXED R+T REFINANCE : 391 / 52.012 / 67.4114
WA CURRENT NOTE RATE : 7.3274 LTD DOCS : 193 / 15.269 / 62.3327
CURRENT NOTE RATE RANGE : FROM 6.0000 TO 9.2000 CA% OF LTD DOCS : 38 / 25.973 / 57.3685
WA RFC NET RATE : 7.0759 NINA : 2 / .244 / 80.0000
RFC NET RATE RANGE : FROM 5.7500 TO 8.9500 BUYDOWNS : 0 / .000 / .0000
WA INITIAL SUB-SVC FEE : .2514 80< LTV< =90 : 21 / 2.462 / 88.2641
SUB-SVC FEE RANGE : FROM .2500 TO 1.2500 LTV> 90 : 2 / .221 / 95.0000
WA PASS THRU RATE : 6.5000 2ND/VACATION : 33 / 4.511 / 71.2028
PASS THRU RATE RANGE : FROM 6.5000 TO 6.5000
SINGLE FAMILY DETACHED : 561 / 69.474 / 68.1822
: PUD(DETACHED) : 175 / 24.990 / 70.0913
: DETACHED 2-4 UNIT : 3 / .472 / 69.8479
WA REMAINING TERM : 178.0274 MOS (14 YRS 10 MOS) TOTAL DETACHED : 739 / 94.936 / 68.6931
WA SCHEDULED REMAINING TERM : 178.1377 MOS (14 YRS 10 MOS) CONDO-LOW(1-4) : 18 / 1.652 / 74.9376
WA ORIGINAL TERM : 179.5426 MOS (14 YRS 12 MOS) CONDO-MID(5-8) : 2 / .239 / 69.6959
MIN REMAINING TERM : 118 MOS ( 9 YRS 10 MOS) CONDO-HIGH(9+) : 10 / 1.332 / 68.3199
MIN SCHEDULED REMAINING TERM : 118 MOS ( 9 YRS 10 MOS) TOWNHOUSE : 6 / .554 / 61.9182
PUD (ATTACHED) : 15 / 1.269 / 69.4194
EARLIEST ORIGINATION DATE : 02/03/1995 COOP : 1 / .019 / 70.0000
LATEST MATURITY DATE : 01/01/2013 TOTAL ATTACHED : 52 / 5.064 / 70.1257
ORIG BAL RANGE/AVG ORIG BAL : 20,000.00 - 1,000,000.00 / 287,209.11 LEASEHOLD : 0 / .000 / .0000
CURRENT BAL RANGE/AVG PR BAL : 19,940.91 - 997,110.15 / 285,857.84 MANUFACTURED HOUSING : 0 / .000 / .0000
CURRENT PRIN BAL> $600K / % : 25,359,745.71 / 11.215 TOTAL : 791 / 100.000 / 68.7656
OWNER OCCUPIED : 791 / 100.000 / 68.7656
NON-OWNER OCCUPIED : 0 / .000 / .0000
STATE AND ZIP INFORMATION:
STATES OVER 5%
CA 23.385 52,877,137.08
TX 8.409 FL 7.013
NEXT HIGHEST <= 5% : IL 4.712
HIGHEST CALIFORNIA ZIP CODE: CA 95070 .845 % $ 1,911,309.46
HIGHEST NON-CALIFORNIA ZIP CODE: MD 20854 .731 % $ 1,652,172.24
0
*** HIGHEST FIVE ZIP CODES ***
SELLER INFORMATION: COMMENTS:
% > 10%: SELLER # / %
074 30.873 354 25.127
HIGHEST SELLER <= 10% : 686 4.271
SERVICER INFORMATION:
% FROM 560/600+660: .244 / .000
% > 10%: SERVICER # / %
G01 48.451 354 25.127
HIGHEST SERVICER <= 10% : 686 4.271
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RESIDENTIAL FUNDING CORPORATION 06:28 Tuesday, January 20, 1998 1
DISCLOSURE REPORTS REQUEST CRITERIA
INPUT FILE:
NEW FILE BEING USED
OUTPUT FILE:
RFMP.Z.RFMMW1.D012098.T062726.D
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* INDIVIDUAL REPORTS
RFFSD116 Original LTV
* FILE SELECTION CRITERIA IN ZFILE :
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<TABLE>
RUN ON : 01/20/98 RFC DISCLOSURE SYSTEM PAGE : 1
AT : 06.28.55 ORIGINAL LTV AMORTIZED BALANCE RFFSD116-01
SERIES : RFMSI 1998-S1 CUT-OFF DATE: 01/01/98
POOL : 0004279
:
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 93 18,524,120.97 8.192 19,940.91 199,260.70 647,949.28
20,000.00 200,364.52 650,000.00
50.01 - 60.00 104 31,651,959.42 13.998 59,659.65 304,434.89 876,575.70
60,000.00 305,865.15 885,400.00
60.01 - 70.00 191 59,987,990.69 26.530 35,000.00 314,144.53 1,000,000.00
35,000.00 315,493.59 1,000,000.00
70.01 - 75.00 156 44,558,709.49 19.706 33,438.95 285,652.13 981,608.16
33,750.00 286,804.19 1,000,000.00
75.01 - 80.00 224 65,323,346.42 28.890 35,784.24 291,689.68 739,392.72
36,000.00 293,047.99 744,000.00
80.01 - 85.00 6 1,603,877.81 .709 115,000.00 267,165.41 422,480.61
115,000.00 268,141.67 425,000.00
85.01 - 90.00 15 3,963,497.84 1.753 158,400.00 264,398.14 357,818.70
158,400.00 265,640.00 360,000.00
90.01 - 95.00 2 500,050.60 .221 236,045.18 250,072.59 264,100.00
237,500.00 250,800.00 264,100.00
TOTAL 791 226,113,553.24 100.000 19,940.91 285,920.87 1,000,000.00
20,000.00 287,209.11 1,000,000.00
WEIGHTED AVERAGE LTV = 68.7656
RANGE FROM 10 TO 95
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* END OF REPORT *
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