RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 2000-02-23
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: February 24, 2000
(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
                                                           --------------

<PAGE>

                                       -2-

Item 5.  Other Events.
         ------------

                  On February 28, 2000, the Registrant will cause the issuance
         of approximately $420,915,989 initial principal amount of Mortgage
         Pass-Through Certificates, Series 2000- S2, 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-11, Class A-12, 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 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 February 1, 2000,
         among the Registrant, Residential Funding Corporation, as Master
         Servicer, and Bankers Trust Company, as Trustee.

                  In connection with the sale of the Series 2000-S2, 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-11, Class A-12, Class R-I and Class
         R-II Certificates, other than a de minimis portion of each of the Class
         R-I and Class R-II Certificates (the "Merrill Underwritten
         Certificates") to Merrill Lynch, Pierce, Fenner & Smith Incorporated
         ("Merrill"), and the sale of Series 2000-S2, Class M-1, Class M-2 and
         Class M-3 Certificates (the "Banc of America Underwritten
         Certificates"; and together with the Merrill Underwritten Certificates,
         the "Underwritten Certificates") to Banc of America Securities LLC
         ("Banc of America"; and together with Merrill, 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 first 99 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

<PAGE>

                                       -3-

         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,
         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

<PAGE>

                                       -4-

                  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: February 23, 2000

<PAGE>

                                       -5-

                                  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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