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RESIDENTIAL FUNDING MORTGAGE CERTIFICATES 1993-S35, CLASSES A&R 'AAA' BY FITCH

 NEW YORK, Oct. 28 /PRNewswire/ -- Residential Funding Mortgage Securities I Inc.'s (RFMSI) $146.8 million mortgage pass-through certificates, series 1993-S35, classes A-1, A-2, A-3, A-4, A-5, A-6, and R are rated 'AAA' by Fitch.
 Credit enhancement for the 'AAA' class A and R certificates reflects the subordination of the 5.25 percent class M and 1.25 percent class B certificates. Fitch believes this level of credit enhancement will be sufficient to cover credit loss levels, including mortgagor defaults as well as limited bankruptcy, fraud, and special hazard losses. In addition, the rating also reflects the high quality of the underlying collateral, the integrity of the legal and financial structures, and the servicing capabilities of Residential Funding Corp. (RFC) as master servicer.
 The collateral consists of recently originated, conventional, fully amortizing 30-year, fixed-rate, one- to four-family residential mortgage loans. The weighted average original loan-to-value ratio (LTV) for the mortgage pool is approximately 72.2 percent. The pool contains approximately 14 percent alternative documentation loans, 9 percent cash-out refinance loans, 43 percent jumbo loans (balances between $300,001 and $600,000), and 8 percent super jumbo loans (balances between $601,000 and $1,000,000). Approximately 31 percent, 8 percent, 7 percent, and 7 percent of the mortgaged properties are located in California, Virginia, New Jersey, and New York, respectively. All of the loans were purchased by RFC from unaffiliated sellers, with the exception of 14.8 percent purchased from GMAC Mortgage Corp. of PA, an RFC affiliate.
 RFMSI, a special purpose corporation, having acquired the loans from RFC, deposited the loans into the trust, which then 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.
 /CONTACT: Justin L. Ventura, 212-908-0675, or Betty Tan, 212-908-0688, both of Fitch/


CO: Fitch; Residential Funding Mortgage Securities I Inc. ST: New York IN: FIN SU: RTG

JH -- SE020 -- 8244 10/28/93 18:58 EDT
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Date:Oct 28, 1993
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