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: July 29, 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 5Other Events.
On July 29, 1999, the Registrant will cause the issuance and sale of
approximately $525,970,705 initial principal amount of Mortgage
Pass-Through Certificates, Series 1999- S16, 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-9,
Class A-10, Class A-P, Class A-V, Class R, 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 July 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-S16, 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-9, Class A-10 and Class R Certificates, other than a de minimis
portion of the Class R Certificates (the "Underwritten Certificates") to
Credit Suisse First Boston Corporation ("Credit Suisse" 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. 333-72493, 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superseded by the Prospectus Supplement relating to the Certificates and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 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 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,
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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: July 26, 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: July 26, 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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