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RESIDENTIAL FUNDING MORTGAGE SECURITY SERIES 1991-S18 AFFIRMED BY FITCH -- FITCH FINANCIAL WIRE --

RESIDENTIAL FUNDING MORTGAGE SECURITY SERIES 1991-S18 AFFIRMED BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Nov. 22 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc. $418.6 million mortgage pass-through certificates Series 1991-S18 are affirmed by Fitch.
 The $402.2 million senior class A and class R certificates are rated "AAA," based on the credit loss protection provided by subordination of the 8.75 percent class M and class B certificates. The $16.5 million class M certificates are rated "AA," based on the credit loss protection provided by subordination of the 5 percent class B certificates. Both ratings also reflect the high quality of the collateral, the integrity of the legal and financial structures, the master servicing capabilities of Residential Funding Corp. and the additional special hazard, borrower bankruptcy, and borrower fraud coverage.
 -0- 11/22/91
 /CONTACT: Louis Colosimo, 212-908-0567, James Nadler, 212-908-0538, or Mary Sue Lundy, 212-908-0526, all of Fitch/ CO: Residential Funding Mortgage Securities I Inc. ST: IN: FIN SU: RTG SM -- NY050 -- 6402 11/22/91 12:51 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 22, 1991
Words:172
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