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RESIDENTIAL FUNDING MORTGAGE CERTS 1993-S44 CLASS A&R 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Dec. 1 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s (RFMSI) $225.0 million mortgage pass-through certificates, series 1993-S44 classes A and R, are rated 'AAA'. In addition, the $6.0 million class M-1 certificates are rated 'AA', the $3.6 million class M-2 certificates 'A', and the $2.4 million class M-3 certificates 'BBB'.
 Credit enhancement for the 'AAA' class A and R senior certificates reflects subordination of the 2.50% class M-1, 1.5% class M-2, 1.0% class M-3, and the 1.25% class B certificates. Credit enhancement for the 'AA' class M-1 is provided by the 1.5% class M-2, 1.0% class M-3, and 1.25% class B certificates, while the 1.0% class M-3 plus the 1.25% class B certificates supply 'A' coverage for class M-2. Lastly, class M- 3 is rated 'BBB' based on the 1.25% class B subordination. Fitch believes the above credit enhancement will be adequate to support mortgagor defaults as well as limited bankruptcy, fraud, and special hazard losses in limited amounts. In addition, the ratings reflect the quality of the mortgage collateral, strength of the legal and financial structures, and Residential Funding Corp.'s (RFC) servicing capabilities as master servicer.
 The collateral consists of recently originated, conventional, fully amortizing, 30-year, fixed-rate, mortgage loans secured by first liens on one- to four-family residential properties. The mortgage pool demonstrates a weighted average original loan-to-value ratio (LTV) of 72%. Loans originated under a limited loan documentation program account for approximately 16% of the pool, cash-out refinance loans 11%, and jumbo loans 39% (balances between $300,001-$600,000). Approximately 15% of the mortgaged properties are located in California, while 12% are concentrated in Maryland. With the exception of 3% purchased from GMAC Mortgage Corp. of PA, an RFC affiliate, all of the mortgage loans were purchased by RFC from unaffiliated sellers.
 RFMSI, a special purpose corporation, deposited the loans in the trust, which issued the certificates. Two separate real estate mortgage investment conduit (REMIC) elections will be made with respect to the trust fund for federal income tax purposes.
 -0- 12/1/93
 /CONTACT: Justin L. Ventura, 212-908-0675 or Betty Tan, 212-908-0688, both of Fitch/


CO: Residential Funding Mortgage Securities I, Inc. ST: Maryland, California IN: FIN SU: RTG

WB -- NY117 -- 9507 12/01/93 17:35 EST
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Date:Dec 1, 1993
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