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RESIDENTIAL FUNDING MORTGAGE CERTIFICATES 1992-S28 RATED 'AAA/AA' BY FITCH -- FITCH FINANCIAL WIRE --

 RESIDENTIAL FUNDING MORTGAGE CERTIFICATES 1992-S28
 RATED 'AAA/AA' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, Aug. 26 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s $341.4 million mortgage pass-through certificates, series 1992-S28 class A and class R, are rated 'AAA' and the $7.3 million class M certificates are rated 'AA' by Fitch.
 The 'AAA' rating on the class A and class R senior certificates reflects the credit enhancement provided by the 2.00 percent subordinate class M certificates and the 4.50 percent unrated subordinate class B certificates. These amounts will be sufficient to cover credit losses including limited bankruptcy, fraud, and special hazard losses. The 'AA' rating on the class M certificates reflects the credit support provided by the 4.50 percent subordinate class B certificates. In addition, both ratings reflect the high quality of the mortgage collateral, the strength of the legal and financial structures, and the master servicing capabilities of Residential Funding Corp. (RFC).
 The mortgage pool is composed of recently originated, conventional, fully amortizing, 30-year fixed-rate mortgage loans secured by first liens on one- to four-family residential properties. With the exception of 9.9 percent purchased from GMAC Mortgage Corp. of Pennsylvania, an RFC affiliate, all of the mortgage loans were purchased by RFC from unaffiliated sellers. The mortgage pool demonstrates a relatively low weighted average original loan-to-value ratio of 69.4 percent. Loans underwritten under a reduced loan documentation program account for approximately 14.2 percent of the pool, cash-out refinance loans 15.1 percent, and loans secured by properties located in California 63.3 percent.
 Residential Funding Mortgage Securities I, Inc., a special purpose corporation, deposited the loans in the trust, which issued the certificates. RFC will act as master servicer for the pool. Two separate real estate mortgage investment conduit elections will be made with respect to the trust fund for federal income tax purposes.
 -0- 8/26/92
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or Betty Tan, 212-908-0500, both of Fitch/ CO: Residential Funding Mortgage Securities I, Inc. ST: IN: SU: RTG


PS -- NY064 -- 3556 08/26/92 14:55 EDT
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Date:Aug 26, 1992
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