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 14, 1995
(Date of earliest event reported)
Residential Asset Securities Corporation
(Exact name of registrant as specified in its charter)
Delaware 33-56893 51-0362653
(State or Other Juris-(Commission (I.R.S. Employer
diction of Incorporation)File Number)Identification No.)
8400 Normandale Lake Blvd., Suite 600, Minneapolis, Minnesota55437
(Address of Principal Executive Office)(Zip Code)
Registrant's telephone number, including area code:(612) 832-7000
<PAGE>
Item 5. Other Events.
On December 29, 1995, the Registrant expects to cause the issuance
and sale of Mortgage Pass-Through Certificates, Series Ks4 (the
"Certificates") pursuant to a Pooling and Servicing Agreement to be dated
as of December 1,1995, among the Registrant, Residential Funding
Corporation, as Master Servicer, and Trustee to be named.
In connection with the expected sale of the Series KS4 Certificates,
the Registrant has been advised by one potential underwriter, Residential
Funding Securities Corporation (the "Underwriter"), that the Underwriter
has furnished to prospective investors certain collateral information with
respect to the mortgage loans ("Mortgage Loans") underlying the proposed
offering of the Certificates (the "Collateral Term Sheets"), which Collateral
Term Sheets are being filed manually as exhibits to this report.
The Collateral Term Sheets have been provided by Residential
Funding Securties Corporation. The information in the Collateral Term
Sheets is preliminary and will be superseded by the Description of the
Mortgage Pool contained in the Prospectus Supplement relating to the
Certificates and by any other information subsequently filed with the
Securities and Exchange Commission.
The Collateral Term Sheets were prepared Residential Funding
Securities Corporation, at the request of certain prospective investors. The
Collateral Term Sheets may be based on information that differs from the
information set forth in the Prospectus Supplement.
In addition, the actual characteristics and performance of the
Mortgage Loans underlying the Certificates may differ from the
information provided in the Collateral Term Sheets, which were provided
to certain investors only to give a sense of the underlying collateral which
will effect the maturity, interest rate sensitivity and cash flow
characteristics of the Certificates. Any difference between the collateral
information in the Collateral Term Sheets and the actual characteristics of
the Mortgage Loans will affect the actual yield, average life, duration,
expected maturity, interest rate sensitivity and cash flow characteristics of
the 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
Exhibit No.
Item 601(a) of
Regulation S -K
Exhibit No.
Description
1 99 Collateral Term Sheets
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 ASSET
SECURITIES
CORPORATION
By: /s/ William E. Waldusky
Name: William E. Waldusky
Title: Vice President
Dated: [date] EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Collateral TermSheets P
EXHIBIT 1
(Intentionally Omitted)
