Residential Funding Mortgage Securities I Inc – ‘8-K’ for 11/21/97

As of:  Monday, 11/24/97   ·   For:  11/21/97   ·   Accession #:  774352-97-180   ·   File #:  2-99554

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         1997-S18 Computational Materials                       7     14K 

Document Table of Contents

8-K
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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: November 21, 1997                                               
(Date of earliest event reported)                                               

 Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)

Delaware                        333-4846                   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

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Item 5.  Other Events.                                                          

                  On November 26, 1997, the  Registrant  will cause the issuance
         and sale of approximately  $154,949,337.49  initial principal amount of
         Mortgage Pass-Through  Certificates,  Series 1997-S18, 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 R, 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  November  1,  1997,  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 1997-S18, Class A-1,
         Class A-2,  Class A-3,  Class A-4,  Class A-5, Class A-6, Class A-7 and
         Class R  Certificates,  other  than a de  minimis  portion  of  Class R
         Certificates  (the  "Salomon  Underwritten  Certificates"),  to Salomon
         Brothers Inc (the "Underwriter") the Registrant has been advised by 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.
         33-4846,  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 first 99 pages (the
         "Computational  Materials")  that appear  after the Form SE cover sheet
         and  the  page  headed  "NOTICE".   The  Underwriter  has  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 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 loansunderlying the  Underwritten  Certificates  (the "Mortgage
Loans") may                                                     

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         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       

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         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 FUNDING MORTGAGE
                                SECURITIES I, INC.

                 By:
                                    Name:    Randy Van Zee
                                     Title:   Vice President

Dated: November 21, 1997                                                        

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         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 FUNDING MORTGAGE
                                SECURITIES I, INC.

                                       By:      /s/Randy Van Zee
                                    Name:    Randy Van Zee
                                     Title:   Vice President

Dated: November 21, 1997                                                        

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 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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 EXHIBIT

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		11/26/97		2					424B5
Filed on:		11/24/97							424B3,  424B5
For Period End:		11/21/97		1		5
		11/1/97		2
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