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 8, 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, Minnesota 55437
Address of Principal Executive Office) (ZipCode)
Registrant's telephone number, including area code:(612)832-7000
Item 5. Other Events.
On December 27, 1995, the Registrant will cause the
issuance and sale of
Mortgage Pass-Through Certificates, Series 1995-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 First National Bank
of Chicago as Trustee.
In connection with the sale of the Series 1995-KS4,
the 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
computational materials (the"Computational Materials") with
respect to the Underwritten Certificates following the
effective date of Registration Statement , which
Computational Materials are being filed manually
as exhibits to this report.
The Computational Materials
filed herewith as Exhibit 99 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preliminary and may be superseded by the Prospectus Supplement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 related information
subsequently filed with the Securities and Exchange Commission.
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 0investors. The
Computational Materials may be based on assumptions that differ
from the assumptions set forth in the related 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 Certificates
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.
Certain assumptions may have been made in the Computational
Materials which have resulted in certain returns which are detailed
in the Computational Materials. No representation is made that any
returns set forth in the Computational Materials will be achieved.
Changes to the assumptions used theriin may have a material impact
on any returns detailed. Past performance is not indicative of
future results.
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: December 8, 1995
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Computational Materials P
EXHIBIT 1
(Intentionally Omitted)
