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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 2, 2000
Residential Asset Funding Corporation
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(Exact name of registrant as specified in its charter)
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North Carolina 333-81721 56-2064715
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(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
301 South College Street, DC-06
Charlotte, North Carolina 28202-6001
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(Address of Principal Executive Offices) (Zip Code)
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Registrant's telephone number, including area code (704) 374-4868
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No Change
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
Description of the Certificates and the Mortgage Loans
Residential Asset Funding Corporation registered issuances of
up to $1,500,000,000 principal amount of Asset-Backed Certificates on a delayed
or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as
amended (the "Act"), by the Registration Statement on Form S-3 (Registration
File No. 333-81721) (the "Registration Statement"). Pursuant to the Registration
Statement, NovaStar Mortgage Funding Trust 2000-2 (the "Issuer") issued
$334,220,000 in aggregate principal amount of its Asset-Backed Certificates,
Class A-1, Class M-1, Class M-2, Class M-3, Class AIO, and Class P Series 2000-2
(the "Certificates"), on September 28, 2000. This Current Report on Form 8-K is
being filed to satisfy an undertaking to file copies of certain agreements
executed in connection with the issuance of the Certificates.
The Certificates were issued pursuant to a Pooling and
Servicing Agreement (the "Agreement") attached hereto as Exhibit 4.1, dated as
of September 1, 2000, among Residential Asset Funding Corporation, as depositor
(the "Depositor"), The Chase Manhattan Bank, as trustee (the "Trustee"),
NovaStar Mortgage, Inc., as servicer (the "Servicer"), and First Union National
Bank as Certificate Administrator. The Certificates represent beneficial
ownership interests in a pool of mortgage loans and certain related property.
As of September 1, 2000, the Mortgage Loans possessed the
characteristics described in the Prospectus dated September 9, 1999 and the
Prospectus Supplement dated September 20, 2000 filed pursuant to Rule 424(b)(2)
of the Act on September 27, 2000.
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Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibit 1.1. Underwriting Agreement, dated September 20, 2000,
between Residential Asset Funding Corporation and First Union
Securities, Inc.
Exhibit 4.1. Pooling and Servicing Agreement, dated as of
September 1, 2000, among Residential Asset Funding
Corporation, as Depositor, NovaStar Mortgage, Inc., as
Servicer, The Chase Manhattan Bank, as Trustee, and the First
Union National Bank, as Certificate Administrator.
Exhibit 8.1. Opinion of Dewey Ballantine LLP regarding tax
matters, dated September 28, 2000.
Exhibit 10.1. Mortgage Loan Purchase Agreement, dated as of
September 1, 2000, among NovaStar Mortgage, Inc., as Seller,
NovaStar Mortgage Funding Corporation III, as Transferor,
Residential Asset Funding Corporation, as Depositor, First
Union National Bank, as Certificate Administrator, and The
Chase Manhattan Bank, as Trustee.
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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 thereunto duly authorized.
RESIDENTIAL ASSET FUNDING CORPORATION,
as Depositor and on behalf of NovaStar Mortgage Funding
Trust 2000-2
Registrant
By: /s/ Eric Kaplan
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Name: Eric Kaplan
Title: Vice President
Dated: September 29, 2000
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EXHIBIT INDEX
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Exhibit No. Description
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Exhibit 1.1. Underwriting Agreement, dated September 20, 2000,
between Residential Asset Funding Corporation and
First Union Securities, Inc.
Exhibit 4.1. Pooling and Servicing Agreement, dated as of September
1, 2000, among Residential Asset Funding Corporation,
as Depositor, NovaStar Mortgage, Inc., as Servicer,
The Chase Manhattan Bank, as Trustee, and the First
Union National Bank, as Certificate Administrator.
Agreement,
Exhibit 8.1. Opinion of Dewey Ballantine LLP regarding tax
matters, dated September 28, 2000.
Exhibit 10.1. Mortgage Loan Purchase Agreement, dated as of
September 1, 2000, among NovaStar Mortgage, Inc., as
Seller, NovaStar Mortgage Funding Corporation III, as
Transferor, Residential Asset Funding Corporation, as
Depositor, First Union National Bank, as Certificate
Administrator, and The Chase Manhattan Bank, as
Trustee.
STATEMENT OF DIFFERENCES
The section symbol shall be expressed as..................................'SS'
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