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Residential Funding Mortgage Certificates 1992-S29 Rated 'AA' By Fitch -- FITCH FINANCIAL WIRE --

Residential Funding Mortgage Certificates 1992-S29 Rated 'AA' By Fitch --
 FITCH FINANCIAL WIRE --
 NEW YORK, Sept. 30 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s (RFMSI) $110 million mortgage pass-through certificates, series 1992-S29 classes A, S, and R are rated 'AA' by Fitch. The rating reflects credit loss protection provided by the 5.25 percent unrated subordinate class B certificates as well as the strength of the mortgage collateral, integrity of the legal and financial structures, and strong historical mortgage portfolio performance of the master servicer, Residential Funding Corp. (RFC).
 The pool consists of fully amortizing 30-year adjustable-rate mortgage (ARM) loans secured by first liens on one- to four-family residential properties. The mortgage loans have interest rates that are fixed for the first five years and thereafter adjust annually to the One-Year Constant Maturity Treasury Index. Historically, ARM loans have experienced higher default rates than fixed-rate mortgage loans due to borrower payment shock during an increasing interest rate environment. Accordingly, Fitch assumed a higher default rate to determine the credit enhancement level. Other features of the pool include a relatively low weighted average original loan-to-value ratio (LTV) of 69.9 percent. Limited documentation loans account for approximately 26.3 percent; cash-out refinance loans 29.6 percent; jumbo loans 38.3 percent (balances between $300,001-$600,000); and super jumbo loans 21.3 percent (balances between $600,001-$1,000,000). A majority of the loans are geographically concentrated in California (86.1 percent).
 The mortgage loans were acquired by RFC, mainly from its unaffiliated seller/servicers, and in turn, sold to RFMSI. RFMSI, a special purpose corporation, deposited the loans in the trust, which issued the certificates. RFC will act as master servicer for the pool. For federal income tax purposes, a real estate mortgage investment conduit election will be made with respect to the trust fund.
 -0- 09/30/92
 CONTACT: Joanne M. Scatassa, 212-908-0671, or Betty Tan, 212-908-0688, both of Fitch CO: RESIDENTIAL FUNDING CORP. IN: FIN -- NY083 -- X677 09/30/92
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Date:Sep 30, 1992
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