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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: June 24, 1999
(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 5Other Events.
On June 29, 1999, the Registrant will cause the issuance and sale of
approximately $1,041,296,124 initial principal amount of Mortgage
Pass-Through Certificates, Series 1999- S14, Class IA-1, Class IA-2, Class
IA-3, Class IA-4, Class IA-5, Class IA-6, Class IA-7, Class IA-8, Class
IA-9, Class IA-10, Class IA-11, Class IA-12, Class IA-13, Class IA-14,
Class IA-15, Class IA-16, Class IIA-1, Class R-I, Class R-II, 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 June 1, 1999, 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 1999-S14, Class IA-1,
Class IA-2, Class IA- 3, Class IA-4, Class IA-5, Class IA-6, Class IA-7,
Class IA-8, Class IA-9, Class IA-10, Class IA-11, Class IA-12, Class
IA-13, Class IA-14, Class IA-15, Class IA-16, Class IIA-1, Class M-1,
Class M-2, Class M-3, Class R-I and Class R-II, other than a de minimis
portion of the Class R-I and Class R-II Certificates, (the "Underwritten
Certificates") to Salomon Smith Barney Inc. ("Salomon" or the
"Underwriter"), the Registrant has been advised by the Underwriter that
the Underwriter has 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 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 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 Underwriter 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.
In addition, the actual characteristics and performance of the mortgage
loans
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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 7Financial 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: June 24, 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: June 24, 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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