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RESIDENTIAL FUNDING MORTGAGE CERTIFICATES 1993-S11 RATED BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, March 25 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s (RFMSI) $325.7 million mortgage pass-through certificates, series 1993-S11 classes A and R, are rated 'AAA' by Fitch. The $8.8 million class M-1 certificates are rated 'AA', the $5.3 million class M-2 certificates are rated 'A', and the $3.5 million class M-3 certificates are rated 'BBB'.
 The credit enhancement for the 'AAA' class A and R senior certificate reflects subordination of the 2.5 percent class M-1, 1.5 percent class M-2, 1.0 percent class M-3, and 2.0 percent unrated class B certificates. Credit enhancement for the 'AA' class M-1 is provided by the 1.5 percent class M-2; 1.0 percent class M-3 and the 2.0 percent unrated class B certificates, while the 1.0 percent class M-3 plus the 2.0 percent unrated class B certificates supply 'A' coverage for class M-2. Lastly, class M-3 is rated 'BBB' based on the 2.0 percent unrated class B subordination. Fitch believes the above credit enhancements will be adequate to support each class' loss levels including mortgagor defaults as well as limited bankruptcy, fraud and special hazard losses. 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 issue is securitized by a mortgage pool consisting 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 approximately 71 percent. Loans originated under a limited documentation program account for approximately 20 percent of the pool; cash-out refinance loans 21 percent; jumbo loans 41 percent (balances between $300,001--$600,000); and super jumbo loans 10 percent (balances between $600,001-$1,000,000). With the exception of 5.7 percent purchased from GMAC Mortgage Corp. of PA, an RFC affiliate, all of the mortgage loans were purchased by RFC from unaffiliated sellers. The mortgage properties are located primarily in California, with 37.6 percent in Southern and 21.7 percent in Northern California.
 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. The class A, M, and B certificates constitute the "regular interests" in the REMIC II. The class R-1 and R-II certificates constitute the "residual interests" in REMIC I and REMIC II, respectively.
 -0- 03/25/93
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or Betty Tan, 212-908-0688, both of Fitch/


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

AH -- NY074 -- 9764 03/25/93 16:21 EST
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Date:Mar 25, 1993
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