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RESIDENTIAL FUNDING MORTGAGE CERTIFICATES 1993-S45 CLASSES A&R 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Dec. 29 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s (RFMSI) $500.2 million mortgage pass-through certificates, series 1993-S45 classes A and R, are rated "AAA". The $5.2 million class M-3 certificates are rated "BBB".
 Credit enhancement for the "AAA" class A and R senior certificates reflects subordination of the 2.50% class M-1, 1.0% class M-2, 1.0% class M-3, and 1.0% class B certificates. Credit enhancement for the class M-1 is provided by the 1.0% class M-2, 1.0% class M-3, and 1.0% class B certificates, while the 1.0% class M-3 and 1.0% class B certificates supply coverage for class M-2. Lastly, class M-3 is rated "BBB" based on the 1.0% class B subordination. Fitch believes the above credit enhancement will be adequate to support mortgagor defaults as well as bankruptcy, fraud, and special hazard losses in limited amounts. 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 collateral consists 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 71.3%. Loans originated under a limited loan documentation program account for approximately 17.3% of the pool, cash-out refinance loans 12.4%, and jumbo loans 37.6% (balances between $300,001-$600,000). Approximately 39.5% of the mortgaged properties are located in California, of which 13.4% are in Los Angeles and 11.8% in San Francisco.
 All of the mortgage loans were purchased by RFC from unaffiliated sellers, with the exception of 18.4% purchased from GMAC Mortgage Corp. of PA, an RFC affiliate. RFMSI, a special purpose corporation, deposited the loans in the trust, which 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- 12/29/93
 /CONTACT: Justin L. Ventura, 212-908-0675 or Betty Tan, 212-908-0688/


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

SP -- NY045 -- 7898 12/29/93 17:59 EST
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Date:Dec 29, 1993
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