RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 2000-08-21
ASSET-BACKED SECURITIES
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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 (Date of earliest event reported) August 21, 2000

RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (as company under a Pooling and
Servicing Agreement,  dated as of August 1, 2000, providing for, inter alia, the
issuance of Mortgage Pass-Through Certificates, Series 2000-S10)

                 Residential Funding Mortgage Securities I, Inc.

             (Exact name of registrant as specified in its charter)

         DELAWARE                   333-72493            75-2006294
---------------------------         ---------            ----------
(State or Other Jurisdiction        (Commission          (I.R.S. Employer
of Incorporation)                   File Number)         Identification No.)


 8400 Normandale Lake Blvd.
 Suite 600
 Minneapolis, Minnesota                                  55437
 ----------------------                                  -----
 (Address of Principal                                  (Zip Code)
 Executive Offices)


Registrant's telephone number, including area code, is (612) 832-7000






<PAGE>




Item 5.           Other Events.


         The consolidated  financial  statements of Ambac Assurance  Corporation
and  subsidiaries as of December 31, 1999 and December 31, 1998, and for each of
the years in the three year period  ended  December  31,  1999,  included in the
Annual Report on Form 10-K of Ambac Financial Group,  Inc. (which was filed with
the Securities and Exchange Commission on March 30, 2000; Commission File Number
1-10777) and the unaudited  consolidated financial statements of Ambac Assurance
Corporation and  subsidiaries as of June 30, 2000 and for the periods ended June
30, 2000 and June 30,  1999,  included in the  Quarterly  Report on Form 10-Q of
Ambac Financial Group,  Inc. for the period ended June 30, 2000 (which was filed
with the  Securities  and Exchange  Commission on August 11,  2000),  are hereby
incorporated  by  reference  in  this  Current  Report  on  Form  8-K and in the
registration statement and shall be deemed to be a part hereof.

Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.


            (a)      Not applicable

            (b)      Not applicable

            (c)      Exhibits:

                     Item 601(a) of
                     Regulation S-K
Exhibit No.          Exhibit No.            Description

1                    23                     Consent of KPMG LLP,
                                            independent auditors of
                                            Ambac Assurance Corporation
                                            and subsidiaries with respect
                                            to the Residential Funding
                                            Mortgage Securities I, Inc.
                                            Mortgage Pass-Through
                                            Certificates, Series 2000-S10




<PAGE>





                                   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: August 21, 2000






<PAGE>



                                  EXHIBIT INDEX

               Item 601(a) of                                       Sequentially
Exhibit        Regulation S-K                                       Numbered
Number         Exhibit No.            Description                   Page
-------        --------------         -------------------           ------------
1              23                     Accountant's Consent



<PAGE>



                                    EXHIBIT 1



<PAGE>


                          INDEPENDENT AUDITORS' CONSENT

The Board of Directors
Ambac Assurance Corporation:


We consent to the incorporation by reference in the registration  statement (No.
333-72493) of Residential Funding Mortgage Securities I, Inc. (the "Registrant")
and in the Prospectus Supplement of the Registrant (the "Prospectus Supplement")
via the Form 8-K of the  Registrant  dated August 21, 2000,  of our report dated
January 21, 2000 on the  consolidated  financial  statements of Ambac  Assurance
Corporation  and  subsidiaries as of December 31, 1999 and 1998, and for each of
the years in the three-year period ended December 31, 1999, which report appears
in the Form  10-K of Ambac  Financial  Group,  Inc.  which  was  filed  with the
Securities and Exchange Commission on March 30, 2000 and to the reference to our
firm under the heading "Experts" in the Prospectus Supplement.

                                                                /s/ KPMG LLP

New York, New York
August 18, 2000



<PAGE>





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