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: September 21, 1995
(Date of earliest event reported)
Residential Asset Securitization 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
Item 5. Other Events.
On September 28, 1995, the Registrant will cause the
issuance and sale of $105,461,520.41 initial principal amount
of Mortgage Pass-Through Certificates, Series 1995-KS2, Class
A and Class R (the "Certificates") pursuant to a Pooling and
Servicing Agreement to be dated as of September 1, 1995, 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 1995-KS2,
Class A Certificates, (the "Underwritten Certificates"), the
Registrant has been advised by Residential Funding Securities
Corp. (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. 33-56893, 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is preliminary and may be superseded by the Prospectus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 two pages
that appear after the Form SE cover sheet and the page headed
"NOTICE".
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, 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
Exhibit No. Item 601(a) of
Regulation S-K
Exhibit No. Description
1 99 Computational Materials
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
SECURITIZATION
CORPORATION
By: /s/William E.Waldusky
Name: William E. Waldusky
Title: Vice President
Dated: September 21, 1995
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
1 99 Computational Materials Filed
Manually
EXHIBIT
(Intentionally Omitted)
