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RESIDENTIAL FUNDING MORTGAGE CERTIFICATE 1992-S25 RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 RESIDENTIAL FUNDING MORTGAGE CERTIFICATE 1992-S25 RATED 'AA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, July 28 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s (RFMSI) $126.7 million mortgage pass-through certificates, series 1992-S25 class A, S and R (the senior certificates) are rated 'AA' by Fitch. The rating reflects credit loss protection provided by the 6.0 percent subordinate class B certificates, which are not rated, as well as the high ntial Funding Corp. (RFC).
 The certificates are collateralized by a pool of approximately 414 30-year original-term, annual adjustable-rate mortgage loans. The mortgage loans are secured by first liens on one- to four-family residential properties, indexed to the One-Year Constant Maturity Treasury Index. The weighted average original loan-to-value ratio for the mortgage pool is a low 67.1 percent. Limited documentation loans account for approximately 51.9 percent of the pool, while cash-out refinance loans account for 30.0 percent. The pool is well diversified geographically, with approximately 43.8 percent of the loans in California.
 In addition, 27.3 percent of the mortgage pool consists of mortgage loans that are convertible from adjustable-rate to fixed-rate mortgage loans. The first date on which any of the mortgage loans may convert was Feb. 1, 1989, and the last date on which any of the mortgage loans may convert is Oct. 1, 1997. The related subservicer is obligated to purchase all converted mortgage loans at the conversion price (outstanding principal balance of the loan plus accrued interest), however, if they fail to do so, RFC shall use its best efforts to purchase the loan. If the converted mortgage loan is not purchased, the loan will remain in the pool.
 The mortgage loans were originated or acquired by RFC, mainly from its unaffiliated seller/servicers, and in turn, sold to RFMSI. RFMSI, a special purpose corporation, deposited the loans in the trust, which issued the certificates. RFC will act as master servicer for the pool. For federal income tax purposes, a real estate mortgage investment conduit election will be made with respect to the trust fund.
 -0- 7/28/92
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or Mary Sue Lundy, 212-908-0526, both of Fitch/ CO: Residential Funding Mortgage Securities I, Inc. ST: IN: FIN SU: RTG


PS -- NY085 -- 4224 07/28/92 15:59 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
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