-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MlCuC/dvLRT5PohB6KkiIySV1RZFNLC5W01Knv0qXP4rf9FjKdEqGUq5cfmoWt69 Csz4DI0zIfbTud+ftkUTFw== 0000932858-00-000012.txt : 20000331 0000932858-00-000012.hdr.sgml : 20000331 ACCESSION NUMBER: 0000932858-00-000012 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20000330 FILED AS OF DATE: 20000330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RESIDENTIAL ASSET SECURITIES CORP CENTRAL INDEX KEY: 0000932858 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 510362653 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 033-56893 FILM NUMBER: 585125 BUSINESS ADDRESS: STREET 1: 8400 NORMANDALE LAKE BLVD STREET 2: SUITE 600 CITY: MINNEAPOLIS STATE: MN ZIP: 55437 BUSINESS PHONE: 6218327000 MAIL ADDRESS: STREET 1: 8400 NORMANDALE BLVD STE 6 STREET 2: 8400 NORMANDALE BLVD STE 6 CITY: MINNEAPOLIS STATE: MN ZIP: 55437 10-K 1 RASC 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K Annual Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 1999 Commission File Number 33-56893, 333-28791, 333-30789; and 333-84939 RESIDENTIAL ASSET SECURITIES CORPORATION State of Incorporation: Delaware I.R.S. Employer Identification Number: 51-0362653 8400 Normandale Lake Blvd, Suite 600 Minneapolis, Minnesota 55437 Telephone (612) 832-7000 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes X No ______. RESIDENTIAL ASSET SECURITIES CORPORTATION TABLE OF CONTENTS Page # PART I Item 1. Business 2 Item 2. Properties 2 Item 3. Legal Proceedings 2 Item 4. Submission of Matters to a Vote of Security Holders 2 PART II Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters 2 Item 6. Selected Financial Data 2 Item 7. Management's Discussion & Analysis of Financial Condition and Results of Operations 3 Item 8. Financial Statements & Supplementary Financial Data 3 Item 9. Changes in and Disagreements with Accountants on Accounting & Financial Disclosure 3 PART III Item 10. Directors and Executive Officers of the Registrant 3 Item 11. Executive 3 Item 12. Security Ownership of Certain Beneficial Owners and Management 3 Item 13. Certain Relationships and Related Transactions 3 PART IV Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K 4 SIGNATURES 5 EXHIBITS 6 -1- PART I Item 1. Business Information not provided pursuant to Exemptive Order. Item 2. Properties Pursuant to the Exemptive Order the Master Servicer's Annual Statement as to Compliance, dated March 30, 2000 are filed as Exhibit 1 under Item 14(a) hereof. Item 3. Legal Proceedings There are no material pending legal proceedings related to any series of Certificates that involve the Trustee, Custodian, the Master Servicer or the Registrant with respect to any such series. Item 4. Submission of Matters to a Vote of Security Holders Information not provided pursuant to Exemptive Order. PART II Item 5. Market for the Registrant's Common Equity and Related Matters (a) There is no established public trading market for the Certificates. (b) At December 31, 1999, the number of holders of record of each outstanding series of Certificates is listed in Exhibit 4 under Item 14(a) hereof. (c) Not applicable. Item 6. Selected Financial Data Information not provided pursuant to Exemptive Order. -2- Item 7. Management's Discussion & Analysis of Financial Condition and Results of Operations Information not provided pursuant to Exemptive Order. Item 8. Financial Statements & Supplementary Financial Data See the Master Servicer's Annual Statement of Compliance that is filed as Exhibit 1 under Item 14(a) hereof; see also report dated March 20, 2000 prepared by the Master Servicer's independent accountant, concerning the Master Servicer's servicing activities that are filed as Exhibit 2 under Item 14(a) hereof. Item 9. Disagreements on Accounting and Financial Disclosure Not Applicable. PART III Item 10. Directors and Executive Officers of the Registrant Information not provided pursuant to Exemptive Order. Item 11. Executive Compensation Information not provided pursuant to Exemptive Order. Item 12. Security Ownership of Certain Beneficial Owners and Management (a) Each holder of record of more than five percent (5%) of the fractional undivided interest in a Mortgage Pool evidenced by a series of Certificates, outstanding at December 31, 1999 is listed in Exhibit 4 under Item 14(a) hereof. (b) Not applicable (c) Not applicable. Item 13. Certain Relationships and Related Transactions Information not provided pursuant to Exemptive Order. -3- PART IV Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K (a) EXHIBIT # Officers' Annual Compliance Statements: 1 Residential Funding Corporation Residential Funding Corporation Independent Auditors' Report on the Uniform Single Audit Program for Mortgage Bankers 2 Part II, Item 5(b) 3 Part III, Item 12(a) 4 Audited financial statements for the year ended December 31, 1999 for Ambac Financial Group, Inc.* Audited financial statements for the year ended December 31, 1999 for Municipal Bond Investors Assurance Corporation.** Audited financial statements for the year ended December 31, 1999 for Financial Security Assurance Inc. *** (b) See Item 2. (c) Not applicable. (d) Not applicable. No annual report or proxy material has been sent to security holders. -------------------------------- * Incorporated by reference to the audited financial statements of Ambac Financial Group, Inc. filed with the Securities and Exchange Commission on March 30, 2000 as part of its Annual Report on Form 10-K (Commission File #1-10777) for the twelve-month period ended December 31, 1999. -4- ** Incorporated by reference to the audited financial statements of Municipal Bond Investors Assurance Corporation, Inc. filed with the Securities and Exchange Commission on March 29, 2000 as part of its Annual Report on Form 10-K (Commission File #1-9583) fo the twelve-month period ended December 31, 1999. *** Incorporated by reference to the audited financial statements of FSA Capital Inc. filed with the Securities and Exchange Commission on March 24, 2000 as part of the Annual Report on Form 10-K of Financial Security Assurance Holdings Ltd. (Commission File #1-12644) fo the twelve-month period ended December 31, 1999. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized, on this 30th day of March, 2000. RESIDENTIAL ASSET SECURITIES CORPORATION By: William B. Acheson President Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been executed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. William B. Acheson President March 30, 2000 David C. Walker Assistant Treasurer, March 30, 2000 Davee L. Olson Chief Financial Officer March 30, 2000 -5- SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized, on this 30th day of March, 2000. RESIDENTIAL ASSET SECURITIES CORPORATION By:/ s/ William B. Acheson William B. Acheson President Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been executed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. /s/ William B. Acheson William B. Acheson President March 30, 2000 /s/ David C. Walker David C. Walker Assistant Treasurer March 30, 2000 /s/ Davee Olson Davee L. Olson Chief Financial Officer March 30, 2000 EX-1 2 OFFICERS ANNUAL COMPLIANCE CERTIFICATE OFFICERS' ANNUAL COMPLIANCE CERTIFICATE The undersigned, Managing Director and Director, respectively, of Residential Funding Corporation (the "Master Servicer"), pursuant to the various Pooling and Servicing Agreements (the "Agreements") under which RFC acts as Master Servicer or Manager, which agreements require an annual statement of compliance to be made to the Certificate holders by officers of the Master Servicer, hereby certify that: (i) a review of the activities of the Master Servicer during the preceding calendar year and of performance under the Agreements has been made under the undersigned officers' supervision; (ii) to the best of the undersigned officers' knowledge, based on such review, the Master Servicer has fulfilled its obligations in all material respects throughout such year; (iii) to the best of each undersigned officers' knowledge, based on such review, each Subservicer and Servicer has fulfilled its obligations under its servicing agreement in all material respects; and (iv) the Company has fully complied with the provisions of Article II of the Pooling and Servicing Agreement. Dated: March 30, 2000 /s/ Bob Appel /s/ Karen Zaslansky Bob Appel Karen Zaslansky Managing Director Director EX-2 3 INDEPENDENT AUDITORS REPORT Report of Independent Accountants To the Board of Directors and Stockholder of Residential Funding Corporation We have examined management's assertion about Residential Funding Corporation's (the "Company") compliance with the minimum servicing standards in their role as Master Servicer as of and for the year ended December 31, 1999, included in the accompanying management assertion. Such assertions were examined relating to those mortgage loans included in the listing of mortgage loans and series of certificates included in the attached Exhibit 1. Our testing procedures were applied only to the series of certificates serviced on or before September 30, 1999. Direct servicing functions are performed by various subservicers. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the entity's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with their minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. Loans and series of certificates subject to such procedures were selected using sampling methods, and accordingly, we make no representation that our examination procedures were performed on a specific loan or series of certificates as listed in the attached Exhibit 1. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the standards. In our opinion, management's assertion that the Company complied with the aforementioned standards as of and for the year ended December 31, 1999, is fairly stated, in all material respects. /s/ PricewaterhouseCoopers LLP Minneapolis, Minnesota March 20, 2000 Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards March 20, 2000 PricewaterhouseCoopers LLP 650 South Third Street Suite 1300 Minneapolis, MN 55402 As of and for the year ended December 31, 1999, Residential Funding Corporation ("RFC") has complied in all material respects with our minimum servicing standards set forth below for those loans serviced for others under master servicing arrangements. Direct servicing functions are performed by various subservicers. Our minimum standards are: I. CUSTODIAL BANK ACCOUNTS A. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall: 1) Be mathematically accurate. 2) Be prepared within thirty (30) calendar days after the cutoff date. 3) Be reviewed and approved by someone other than the person who prepared the reconciliation, and document explanation for reconciling items. 4) These reconciling items shall be resolved within ninety (90) calendar days of their original identification. B. Each custodial and escrow account as maintained by the master servicer and subservicer shall be maintained in an eligible account in trust for the applicable certificateholders as prescribed by applicable pooling and servicing agreements. C. Funds shall be advanced by the master servicer or the subservicer, as required by applicable pooling and servicing agreements in accordance with the amortization schedule of each mortgage loan, or for overdrafts in the mortgagers escrow accounts. II. SUBSERVICER REMITTANCES A. Remittances for mortgage payments and payoffs received from subservicers shall be deposited into the applicable investor custodial bank account within one business day of receipt. B. Remittances from subservicers shall be reconciled to applicable mortgager records during the appropriate accounting cycle. C. Reconciliations shall be performed monthly for each subservicer remittance. These reconcilations shall: 1) Be mathematically accurate. 2) Be prepared within thirty (30) calendar days after the cutoff date. III. DISBURSEMENTS A. Disbursements to investors shall be made in accordance with the applicable pooling and servicing agreements and/or the prospectus indicating how cash flows are to be allocated. B. Amounts remitted to investors per our investor reports shall agree with the custodial bank statements. C. Only permitted withdrawals per the applicable pooling and servicing agreements shall be made from the custodial accounts for certificateholders. D. Disbursements of investor funds from custodial accounts via wire transfer shall be made only by authorized personnel. IV. INVESTOR ACCOUNTING AND REPORTING Statements to the certificateholders shall be made with each monthly distribution in accordance with applicable pooling and servicing agreements detailing the applicable distribution activity and effect on the unpaid principal balance of the mortgage loans. V. MORTGAGOR LOAN ACCOUNTING A. Uniform Single Attestation Program reports from external subservicers will be obtained and reviewed to provide a basis in meeting our minimum servicing standards. B. Mortgage loan records shall agree with, or reconcile to, the mortgage loan records maintained by the subservicer with respect to unpaid principal balance on a monthly basis. VI. DELIQUENCIES Reports from subservicers identifying delinquent loans shall be received and reviewed monthly. Reports shall be made with each distribution to certificateholders as to the number and aggregate principal balances of delinquent mortgage loans, based on the most recent reports furnished by the subservicers. VII. INSURANCE POLICIES As of and for this same period, RFC had in effect a fidelity bond in the amount $150,000,000 and an errors and omissions policy in the amount of $100,000,000 for the first eight months of 1999 which was decreased to $50,000,000 as of September 1, 1999. /s/ Bruce Paradis Bruce Paradis Managing Director /President /s/ Davee Olson Davee Olson Managing Director/ Chief Financial Officer /s/ Christopher Gilson Christopher Gilson Managing Director Residential Funding Corporation Serviced Series with Initial Cutoff Date Prior to September 30, 1999 December 31, 1999 Exhibit I 1986 Series 1986-12 1986-15 1987 Series 1987-1 1987-3 1987-4 1987-6 1987-S1 1987-S5 1987-U17 1987-U4 1987-U5 1987-WH1A 1987-WH1B 1987-WH1C 1988 Series 1988-U1 1989 Series 1989-S1 1989-SW1A 1989-SW1B 1989-SW2 1990 Series 1990-2 1990-3A 1990-3B 1990-C1AK 1990-C1A-K 1990-S14 1990-SW2A 1990-SW2B 1990-SW3 1990-WH2 1991 Series 1991-1A 1991-1B 1991-1C 1991-21A 1991-21B 1991-25A 1991-4 1991-MS3B 1991-R14 1991-R9 1991-S11 1991-SW1A 1991-SW1B 1991-SW1C 1991-SW5B 1992 Series 1992-2 1992-4 1992-J9 1992-S11 1992-S16 1992-S2 1992-S20 1992-S21 1992-S22 1992-S23 1992-S24 1992-S25 1992-S27 1992-S28 1992-S29 1992-S30 1992-S31 1992-S32 1992-S33 1992-S34 1992-S35 1992-S36 1992-S37 1992-S38 1992-S39 1992-S42 1992-S43 1992-S44 1992-S6 1992-S8 1992-S9 1992-SW12 1992-SW1A 1992-SW1B 1992-SW1C 1992-SW3 1992-SW4 1992-U11 1993 Series 1993-1 1993-6 1993-J2 1993-J4 1993-PC11A 1993-PC11B 1993-PC11C 1993-PC3 1993-PC6 1993-PC7 1993-PC9D 1993-PC9F 1993-PC9G 1993-PC9H 1993-PC9I 1993-PC9J 1993-S1 1993-S10 1993-S11 1993-S12 1993-S13 1993-S14 1993-S15 1993-S16 1993-S17 1993-S18 1993-S2 1993-S20 1993-S21 1993-S22 1993-S23 1993-S24 1993-S25 1993-S26 1993-S27 1993-S28 1993-S29 1993-S3 1993-S30 1993-S31 1993-S32 1993-S33 1993-S34 1993-S35 1993-S36 1993-S37 1993-S38 1993-S39 1993-S4 1993-S40 1993-S41 1993-S42 1993-S43 1993-S44 1993-S45 1993-S46 1993-S47 1993-S48 1993-S49 1993-S6 1993-S7 1993-S8 1993-S9 1993-WH10 1993-WH13 1993-WH13A 1993-WH15A 1993-WH15B 1993-WH15C 1993-WH15D 1993-WH15E94 1993-WH15F94 1993-WH15G94 1993-WH15K94 1993-WH4A 1993-WH4B 1993-WH4C 1993-WH8 1994 Series 1994-RS4 1994-S1 1994-S10 1994-S11 1994-S12 1994-S13 1994-S14 1994-S15 1994-S16 1994-S16I 1994-S16II 1994-S16III 1994-S17 1994-S18 1994-S19 1994-S2 1994-S20 1994-S3 1994-S5 1994-S6 1994-S7 1994-S8 1994-S9 1994-WH1 1994-WH10 1994-WH11A 1994-WH11B 1994-WH12 1994-WH14 1994-WH15 1994-WH16A 1994-WH16B 1994-WH16C 1994-WH16D 1994-WH17 1994-WH18 1994-WH2 1994-WH20 1994-WH21A 1994-WH21B 1994-WH23 1994-WH3 1994-WH4A 1994-WH4B 1994-WH4C 1994-WH4D 1994-WH4E 1994-WH4F 1994-WH5 1994-WH8 1995 Series 1995-1 1995-HWH1 1995-K1 1995-KS1 1995-KS2 1995-KS3 1995-KS4 1995-Q1 1995-QS1 1995-R20 1995-R5 1995-S1 1995-S10 1995-S11 1995-S12 1995-S13 1995-S14 1995-S15 1995-S16 1995-S17 1995-S18 1995-S19 1995-S2 1995-S21 1995-S3 1995-S4 1995-S6 1995-S7 1995-S8 1995-S9 1995-WH1 1995-WH10 1995-WH11 1995-WH14 1995-WH19 1995-WH20 1995-WH21 1995-WH22A 1995-WH4 1995-WH5 1995-WH8 1995-WH9 1996 Series 1996-HS1 1996-HS2 1996-KS1 1996-KS2 1996-KS3 1996-KS4I 1996-KS4II 1996-KS5 1996-QS1 1996-QS3 1996-QS3I 1996-QS3II 1996-QS4 1996-QS4I 1996-QS4II 1996-QS5 1996-QS6 1996-QS7 1996-QS7I 1996-QS7II 1996-QS8 1996-S1 1996-S10 1996-S11 1996-S12 1996-S13 1996-S14 1996-S14 1996-S15 1996-S16 1996-S17 1996-S18 1996-S19 1996-S2 1996-S20 1996-S21 1996-S22 1996-S23 1996-S24 1996-S25 1996-S3 1996-S4 1996-S5 1996-S6 1996-S7 1996-S8 1996-S9 1996-WH10 1996-WH14 1996-WH15A 1996-WH15B 1996-WH15C 1996-WH18 1996-WH18II 1996-WH19 1996-WH1A 1996-WH3 1996-WH4 1996-WH4B 1996-WH4C 1996-WH4D 1996-WH4E 1996-WH4F 1996-WH4G2 1996-WH4H 1996-WH4I 1996-WH4JI 1996-WH4JII 1996-WH5 1996-WH7 1997 Series 1997-HI1 1997-HI3 1997-HS5 1997-KS1I 1997-KS1II 1997-KS2 1997-KS3 1997-KS4 1997-NPC1 1997-NWH1 1997-NWH2 1997-NWH3 1997-NWH5 1997-NWH6 1997-NWH6B 1997-NWH7 1997-NWH8 1997-NWH9 1997-QS1 1997-QS10 1997-QS11 1997-QS12 1997-QS13 1997-QS2 1997-QS3 1997-QS4 1997-QS5 1997-QS6 1997-QS7 1997-QS8 1997-QS9 1997-QWH1 1997-S1 1997-S10 1997-S11 1997-S12 1997-S13 1997-S14 1997-S15 1997-S16 1997-S17 1997-S18 1997-S19 1997-S2 1997-S20 1997-S21 1997-S3 1997-S4 1997-S5 1997-S6 1997-S7 1997-S8 1997-S9 1997-WH10 1997-WH11 1997-WH12 1997-WH14A 1997-WH14B 1997-WH15 1997-WH16 1997-WH1A 1997-WH1BI 1997-WH1BII 1997-WH1CA 1997-WH1CB 1997-WH1D 1997-WH1E 1997-WH1F 1997-WH1F 1997-WH1G 1997-WH1HI 1997-WH1HII 1997-WH6 1997-WH8 1997-WH9 1998 Series 1998-HI2 1998-HI4 1998-HS1 1998-KS1 1998-KS1GR1 1998-KS2 1998-KS3 1998-KS3GR2 1998-KS4 1998-NS1 1998-NS2 1998-NWH2 1998-NWH4 1998-NWH8A 1998-NWH8B 1998-QS1 1998-QS10 1998-QS11 1998-QS12 1998-QS13 1998-QS14 1998-QS15 1998-QS16 1998-QS17 1998-QS2 1998-QS21 1998-QS3 1998-QS4 1998-QS5 1998-QS6 1998-QS7 1998-QS8 1998-QS9 1998-QWH1 1998-QWH2A 1998-QWH2B 1998-QWH2C 1998-QWH2D 1998-RS1 1998-S1 1998-S10 1998-S12 1998-S13 1998-S14 1998-S15 1998-S16 1998-S17 1998-S18 1998-S19 1998-S2 1998-S20 1998-S21 1998-S22 1998-S23 1998-S24 1998-S25 1998-S26 1998-S27 1998-S28 1998-S29 1998-S3 1998-S30 1998-S31 1998-S4 1998-S5 1998-S6 1998-S7 1998-S8 1998-S9 1998-WH10 1998-WH14 1998-WH1E 1998-WH3 1998-WH4 1998-WH7A 1998-WH7B 1998-WH7C 1998-WH8 1998-WH9A 1998-WH9B 1998-WHT1 1999 Series 1999-HS2 1999-HWH2 1999-KS1 1999-KS2 1999-KS3 1999-KS4 1999-NWH1 1999-NWH2 1999-NWH3 1999-NWH5A 1999-NWH5B 1999-QS1 1999-QS10 1999-QS11 1999-QS12 1999-QS13 1999-QS14 1999-QS2 1999-QS3 1999-QS4 1999-QS5 1999-QS6 1999-QS7 1999-QS8 1999-QS9 1999-QWH1 1999-QWH2 1999-QWH3 1999-RS1 1999-RS2 1999-RS3 1999-RS4 1999-S1 1999-S10 1999-S11 1999-S12 1999-S13 1999-S14 1999-S15 1999-S16 1999-S17 1999-S18 1999-S19 1999-S2 1999-S20 1999-S21 1999-S22 1999-S23 1999-S3 1999-S4 1999-S5 1999-S6 1999-S7 1999-S8 1999-S9 1999-WH10 1999-WH12 1999-WH14 1999-WH17 1999-WH2 1999-WH3 1999-WH4 1999-WH5 1999-WH8 Residential Funding Corporation Serviced Series with Initial Cutoff Date Prior to September 30, 1999 December 31, 1999 Exhibit II Loans serviced for others Liberty Lending Services, Inc. Pool 5900 TeleBank Pool 5901 Owensboro National Bank Pool 5002 EX-3 4 NUMBER OF HOLDERS OF RECORD RESIDENTIAL ASSET SECURITIES CORP Page 1 FORM 10-K PART IV, Item 5(b) EXHIBIT #4 Properties. 02/28/2000 Mortgage Pool Number of Holders of Record 1995-KS1 6 1995-KS2 6 1995-KS3 7 1995-KS4 6 1996-KS1 6 1996-KS2 18 1996-KS3 6 1996-KS4 14 1996-KS5 6 1997-KS1 12 1997-KS2 14 1997-KS3 38 1998-KS1 26 1998-KS2 46 1998-KS3 26 1998-KS4 16 1998-RS1 6 1999-KS1 28 1999-KS2 32 1999-KS3 26 1999-KS4 24 1999-RS1 20 1999-RS2 24 1999-RS5 12 EX-4 5 HOLDER OF RECORD OF MORE THAN 5% RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. Page 1 (as of 12/31/1999) 02/28/2000 Series Class Issue Date CUSIP Tax ID Holder Name and Address Face Amount Percent AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA 1995-KS1 CEDE & CO 94,350,062.00 90.4169 A C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAB2 NEW YORK, NY 10041 132555119 1995-KS1 AUER & CO 9,999,000.00 9.5822 R C/O BANKERS TRUST COMPANY 12/31/1999 ATTN: PRIVATE PLACEMENT UNIT 100000606 PO BOX 998 136064419 BOWLING GREEN STATION NEW YORK, NY 10274 1995-KS2 CEDE & CO 105,461,520.00 91.3391 A C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAC0 NEW YORK, NY 10041 132555119 1995-KS2 AUER & CO 9,999,000.00 8.6600 R C/O BANKERS TRUST COMPANY 12/31/1999 ATTN: PRIVATE PLACEMENT UNIT 76095KS2R PO BOX 998 136064419 BOWLING GREEN STATION NEW YORK, NY 10274 1995-KS3 CEDE & CO 41,561,444.00 57.3276 A-II C/O THE DEPOSITORY TRUST COMPANY / / P. O. BOX 20 76110WAJ5 BOWLING GREEN STATION 13-2555119 NEW YORK NY 10274 1995-KS3 CEDE & CO 16,482,000.00 22.7344 A4-I C/O THE DEPOSITORY TRUST COMPANY / / P. O. BOX 20 76110WAG1 BOWLING GREEN STATION 13-2555119 NEW YORK NY 10274 1995-KS3 CEDE & CO 11,122,743.00 15.3421 A5-I C/O THE DEPOSITORY TRUST COMPANY / / P. O. BOX 20 76110WAH9 BOWLING GREEN STATION 13-2555119 NEW YORK NY 10274 1995-KS4 CEDE & CO 98,996,689.00 95.5000 A C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAL0 NEW YORK, NY 10041 132555119 1996-KS1 CEDE & CO 77,178,720.00 88.5293 A C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAM8 NEW YORK, NY 10041 132555119 1996-KS1 AUER & CO 9,999,000.00 11.4695 R C/O BANKERS TRUST COMPANY 12/31/1999 ATTN: PRIVATE PLACEMENT UNIT 76196KS1R PO BOX 998 136064419 BOWLING GREEN STATION NEW YORK, NY 10274 1996-KS2 CEDE & CO 28,000,000.00 47.0884 A-2 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAP1 NEW YORK, NY 10041 132555119 1996-KS2 CEDE & CO 12,000,000.00 20.1807 A-3 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAQ9 NEW YORK, NY 10041 132555119 1996-KS2 CEDE & CO 14,086,733.00 23.6900 A-4 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAR7 NEW YORK, NY 10041 132555119 1996-KS2 AUER & CO 3,214,806.00 5.4064 B-1 C/O BANKERS TRUST COMPANY 12/31/1999 ATTN: PRIVATE PLACEMENT UNIT 7696KS2B1 P.O. BOX 998 136064419 BOWLING GREEN STATION NEW YORK, NY 10274 1996-KS3 CEDE & CO 143,731,008.00 99.9993 A C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAV8 NEW YORK, NY 10041 132555119 1996-KS4 CEDE & CO 35,203,000.00 12.3772 A-I-2 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WAX4 NEW YORK, NY 10041 132555119 1996-KS4 CEDE & CO 223,019,000.00 78.4124 A-II C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBB1 NEW YORK, NY 10041 132555119 1996-KS5 CEDE & CO 200,011,758.00 99.5025 A C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBC9 NEW YORK, NY 10041 132555119 1997-KS1 CEDE & CO 32,000,000.00 14.3754 A-I-2 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBE5 NEW YORK, NY 10041 132555119 1997-KS1 CEDE & CO 16,000,000.00 7.1877 A-I-3 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBF2 NEW YORK, NY 10041 132555119 1997-KS1 CEDE & CO 21,743,601.00 9.7679 A-I-4 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBG0 NEW YORK, NY 10041 132555119 1997-KS1 CEDE & CO 151,859,043.00 68.2198 A-II C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBH8 NEW YORK, NY 10041 132555119 1997-KS2 CEDE & CO 250,104,875.00 34.0957 A-1 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBK1 NEW YORK, NY 10041 132555119 1997-KS2 CEDE & CO 115,163,718.00 15.6998 A-II C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBL9 NEW YORK, NY 10041 132555119 1997-KS2 AUER & CO 250,104,875.22 34.0957 SB-I C/O BANKERS TRUST COMPANY 12/31/1999 ATTN: PRIVATE PLACEMENT UNIT 797KS2SBI P.O. BOX 998 136064419 BOWLING GREEN STATION NEW YORK, NY 10274 1997-KS2 SALOMON SMITH BARNEY INC 115,163,718.37 15.6998 SB-II 333 WEST 34TH ST 12/31/1999 NEW YORK NY 10001 97KS2SBII 112418191 1997-KS3 CEDE & CO 32,800,000.00 9.1481 A-I-3 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBR6 NEW YORK, NY 10041 132555119 1997-KS3 CEDE & CO 22,038,000.00 6.1465 A-I-5 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBT2 NEW YORK, NY 10041 132555119 1997-KS3 CEDE & CO 18,400,000.00 5.1319 A-I-6 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBU9 NEW YORK, NY 10041 132555119 1997-KS3 CEDE & CO 159,111,000.00 44.3768 A-II-1 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBV7 NEW YORK, NY 10041 132555119 1997-KS3 CEDE & CO 60,012,000.00 16.7376 A-II-2 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WBW5 NEW YORK, NY 10041 132555119 1998-KS1 CEDE & CO 100,000,000.00 13.2887 A-I-3 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WCT1 NEW YORK, NY 10041 132555119 1998-KS1 CEDE & CO 38,000,000.00 5.0497 A-I-9 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WCZ7 NEW YORK, NY 10041 132555119 1998-KS1 CEDE & CO 150,000,000.00 19.9330 A-II-1 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WDA1 NEW YORK, NY 10041 132555119 1998-KS1 CEDE & CO 325,000,000.00 43.1881 A-II-2 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WDB9 NEW YORK, NY 10041 132555119 1998-KS2 CEDE & CO 65,000,000.00 8.2384 A-I-2 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WDF0 NEW YORK, NY 10041 132555119 1998-KS2 CEDE & CO 72,000,000.00 9.1257 A-I-3 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WDG8 NEW YORK, NY 10041 132555119 1998-KS2 CEDE & CO 370,000,000.00 46.8958 A-II-1 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WDL7 NEW YORK, NY 10041 132555119 1998-KS2 CEDE & CO 75,000,000.00 9.5059 A-II-2 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WDM5 NEW YORK, NY 10041 132555119 1998-KS3 CEDE & CO 169,000,000.00 19.2428 A-I-1 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WDZ6 NEW YORK, NY 10041 132555119 1998-KS3 CEDE & CO 53,000,000.00 6.0347 A-I-2 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WEA0 NEW YORK, NY 10041 132555119 1998-KS3 CEDE & CO 73,000,000.00 8.3120 A-I-3 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WEB8 NEW YORK, NY 10041 132555119 1998-KS3 CEDE & CO 49,121,000.00 5.5930 A-I-6 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WEE2 NEW YORK, NY 10041 132555119 1998-KS3 CEDE & CO 45,000,000.00 5.1238 A-I-7 C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WEF9 NEW YORK, NY 10041 132555119 1998-KS3 CEDE & CO 425,000,000.00 48.3916 A-II C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WEG7 NEW YORK, NY 10041 132555119 1998-KS4 CEDE & CO 350,000,000.00 42.2614 CL A- C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WEZ5 NEW YORK, NY 10041 132555119 1998-KS4 CEDE & CO 300,000,000.00 36.2240 CL A- C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WFA9 NEW YORK, NY 10041 132555119 1998-KS4 CEDE & CO 175,000,000.00 21.1307 CL A- C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WFB7 NEW YORK, NY 10041 132555119 1998-RS1 CEDE & CO 241,665,155.00 98.0000 A C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WEY8 NEW YORK, NY 10041 132555119 1999-KS1 CEDE & CO 225,000,000.00 17.2678 CL A- C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WFH4 NEW YORK, NY 10041 132555119 1999-KS1 CEDE & CO 98,000,000.00 7.5211 CL A- C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WFJ0 NEW YORK, NY 10041 132555119 1999-KS1 CEDE & CO 94,000,000.00 7.2141 CL A- C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WFK7 NEW YORK, NY 10041 132555119 1999-KS1 CEDE & CO 650,000,000.00 49.8848 CL A- C/O THE DEPOSITORY TRUST COMPANY 12/31/1999 55 WATER STREET 76110WFR2 NEW YORK, NY 10041 132555119 1999-KS2 CEDE & M 175,000,000.00 14.2507 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WFY7 NEW YORK, NY 10004 132555119 1999-KS2 CEDE & M 70,000,000.00 5.7003 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WFZ4 NEW YORK, NY 10004 132555119 1999-KS2 CEDE & M 79,000,000.00 6.4332 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGA8 NEW YORK, NY 10004 132555119 1999-KS2 CEDE & M 74,000,000.00 6.0260 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGB6 NEW YORK, NY 10004 132555119 1999-KS2 CEDE & M 65,000,000.00 5.2931 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGG5 NEW YORK, NY 10004 132555119 1999-KS2 CEDE & M 500,000,000.00 40.7164 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGP5 NEW YORK, NY 10004 132555119 1999-KS2 CEDE & M 75,000,000.00 6.1075 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGQ3 NEW YORK, NY 10004 132555119 1999-KS3 CEDE & M 155,000,000.00 10.6822 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGV2 NEW YORK, NY 10004 132555119 1999-KS3 CEDE & M 75,000,000.00 5.1688 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGW0 NEW YORK, NY 10004 132555119 1999-KS3 CEDE & M 110,000,000.00 7.5809 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGX8 NEW YORK, NY 10004 132555119 1999-KS3 CEDE & M 110,000,000.00 7.5809 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGY6 NEW YORK, NY 10004 132555119 1999-KS3 CEDE & M 85,000,000.00 5.8580 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHA7 NEW YORK, NY 10004 132555119 1999-KS3 CEDE & M 350,000,000.00 24.1211 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHD1 NEW YORK, NY 10004 132555119 1999-KS3 CEDE & M 400,000,000.00 27.5669 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHE9 NEW YORK, NY 10004 132555119 1999-KS4 CEDE & M 117,000,000.00 13.7162 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHH2 NEW YORK, NY 10004 132555119 1999-KS4 CEDE & M 53,000,000.00 6.2133 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHJ8 NEW YORK, NY 10004 132555119 1999-KS4 CEDE & M 56,000,000.00 6.5650 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHK5 NEW YORK, NY 10004 132555119 1999-KS4 CEDE & M 59,000,000.00 6.9167 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHL3 NEW YORK, NY 10004 132555119 1999-KS4 CEDE & M 500,000,000.00 58.6162 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHP4 NEW YORK, NY 10004 132555119 1999-RS1 CEDE & M 60,645,000.00 32.7143 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WFU5 NEW YORK, NY 10004 132555119 1999-RS1 CEDE & M 16,956,000.00 9.1467 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WFV3 NEW YORK, NY 10004 132555119 1999-RS1 CEDE & M 29,639,167.00 15.9885 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WFW1 NEW YORK, NY 10004 132555119 1999-RS1 CEDE & M 70,510,073.00 38.0359 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WFX9 NEW YORK, NY 10004 132555119 1999-RS2 CEDE & M 44,000,000.00 25.1678 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGH3 NEW YORK, NY 10004 132555119 1999-RS2 CEDE & M 25,000,000.00 14.2999 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGJ9 NEW YORK, NY 10004 132555119 1999-RS2 CEDE & M 16,250,000.00 9.2949 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGK6 NEW YORK, NY 10004 132555119 1999-RS2 CEDE & M 27,715,000.00 15.8529 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGL4 NEW YORK, NY 10004 132555119 1999-RS2 CEDE & M 12,551,000.00 7.1791 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGM2 NEW YORK, NY 10004 132555119 1999-RS2 CEDE & M 41,786,000.00 23.9014 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WGN0 NEW YORK, NY 10004 132555119 1999-RS5 CEDE & M 63,793,000.00 28.8433 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHS8 NEW YORK, NY 10004 132555119 1999-RS5 CEDE & M 50,000,000.00 22.6069 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHT6 NEW YORK, NY 10004 132555119 1999-RS5 CEDE & M 77,296,000.00 34.9485 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHU3 NEW YORK, NY 10004 132555119 1999-RS5 CEDE & M 25,000,000.00 11.3035 CL A- C/O DEPORITORY TRUST 12/31/1999 55 WATER ST 76110WHV1 NEW YORK, NY 10004 132555119 -----END PRIVACY-ENHANCED MESSAGE-----