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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: December 22, 1999
(Date of earliest event reported)
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 333-72493 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 December 29, 1999, the Registrant will cause the issuance of
approximately $261,921,562 initial principal amount of Mortgage
Pass-Through Certificates, Series 1999- S24, 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-P,
Class IO-A, Class IO-B (together with the Class IO-A Certificates, the
"Class IO Certificates"), Class R-I, Class R-II, Class R-III, 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 December 1, 1999, among the Registrant, Residential Funding
Corporation, as Master Servicer, and Bank One, National Association, as
Trustee.
In connection with the sale of the Series 1999-S24, 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 R-I, Class R-II and Class R-III Certificates, other than a de
minimis portion of each of the Class R-I, Class R-II and Class R-III
Certificates (the "Lehman Underwritten Certificates") to Lehman Brothers
Inc. ("Lehman"), and the sale of Series 1999-S24, Class M-1, Class M-2
and Class M-3 Certificates (the "Banc of America Underwritten
Certificates"; and together with the Lehman Underwritten Certificates,
the "Underwritten Certificates") to Banc of America Securities LLC
("Banc of America"; and together with Lehman, 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. 333-72493, 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 pages (the
"Computational Materials") THAT APPEAR AFTER THE FORM SE COVER SHEET AND
THE PAGE HEADED "NOTICE". THE UNDERWRITERS HAVE 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 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.
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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: December 22, 1999
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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/ RANDY VAN ZEE
Name: Randy Van Zee
Title: Vice President
Dated: December 22, 1999
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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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