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RESIDENTIAL FUNDING MORTGAGE CERTIFICATES 1993-S41 CLASS A&R RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 29 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s (RFMSI) $65.7 million mortgage pass-through certificates, series 1993-S41, class A-1, A-2, A-3, A-5, and R are rated 'AAA'.
 Credit enhancement for the 'AAA' class A and R certificates reflects the subordination of the 6.5% class B certificates. Fitch believes the above levels 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 (LTV) ratio for the mortgage pool is approximately 72.7 percent. The pool contains approximately 9 percent alternative documentation loans, 10 percent cash-out refinance loans, 43 percent jumbo loans (balances between $300,001-$600,000), and 7 percent super jumbo loans (balances between $601,000-$1,000,000). Approximately 17 percent, 11 percent, 10 percent, and 7 percent of the mortgaged properties are located in California, Virginia, Maryland and New Jersey, respectively. All of the loans were purchased by RFC from unaffiliated sellers, with the exception of 6.2 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. A real estate mortgage investment conduit (REMIC) election will be made with respect to the trust fund for federal income tax purposes.
 -0- 9/29/93
 /CONTACT: Justin L. Ventura, 212-908-0675, or Betty Tan, 212-908-0688, both of Fitch Financial Wire/


CO: Residential Funding Corp. ST: New York IN: SU: RTG

LD -- NY093 -- 7035 09/29/93 18:44 EDT
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Date:Sep 29, 1993
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