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: August 13, 1996
(Date of earliest event reported)
Residential Accredit Loans Inc.
(Exact name of registrant as specified in its charter)
Delaware 33-95932 51-0368240
(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 August 28, 1996, the Registrant expects to cause the
issuance and sale of Mortgage Pass-Through Certificates,
Series 1996-QS6 (the "Certificates") pursuant to a Pooling and
Servicing Agreement to be dated as of August 1, 1996, among
the Registrant, Residential Funding Corporation, as Master
Servicer, and First National Bank of Chicago, as Trustee.
In connection with the expected sale of the Series
1996-QS6 Certificates, the Registrant has been advised by
Residential Funding Securties 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 the
Underwriter. 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preliminary and will be superseded by the Description of the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 by the
Underwriter 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 ACCREDIT LOANS
INC.
By: /s/Robert S. Conway
Name: Robert S. Conway
Title: Vice President
Dated: August 13, 1996
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Collateral Term
Sheets P
EXHIBIT 1
(Intentionally Omitted)
