RESIDENTIAL ASSET FUNDING CORP
8-K, 2000-10-11
ASSET-BACKED SECURITIES
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<PAGE>   1

                       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 25, 2000.


                 NovaStar Mortgage Funding Trust, Series 2000-1
           (Issuer in respect of the NovaStar Home Equity Loan Asset-
                           Backed Notes Series 2000-1)
 -------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


            Delaware                333-81721             56-2199189
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(State or other jurisdiction       (Commission          (IRS Employer
      of incorporation)            File Number)       Identification No.)

         c/o First Union National Bank, 401 S. Tryon Street, 9th Floor,
                            Charlotte, NC 28288-1179
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               (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (704) 383-9568


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         (Former name or former address, if changed since last report.)


<PAGE>   2



      Item 5. See the monthly statement to Bondholders attached as Exhibit 20.1
      hereto reflecting the required information for the SEPTEMBER, 2000 payment
      to the NovaStar Home Equity Loan Asset-Backed Notes Series 2000-1

      Item 7.     Financial Statements and Exhibits.

      (c) Exhibits.

      Item 601 (a) of Regulation.
      S-K Exhibit Number.

      20.1 Monthly statement to holders of NovaStar Home Equity Loan
      Asset-Backed Notes Series 2000-1 relating to the SEPTEMBER 25, 2000
      Payment Date.


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<PAGE>   3



                                   Signatures

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of NovaStar
Mortgage Funding Trust Series 2000-1 by the undersigned thereunto duly
authorized.



Dated:  OCTOBER 6, 2000            By:  First Union National Bank, as Indenture
                                        Trustee and on behalf of NovaStar Home
                                        Mortgage Funding Trust Series 2000-1

                                        BY:       Robert Ashbaugh
                                                  ---------------
                                                  Vice President


                                      -3-
<PAGE>   4


                                  EXHIBIT INDEX




20.1 Monthly statement to holders of NovaStar Home Equity Loan Asset-Backed
Notes Series 2000-1 relating to the SEPTEMBER 25, 2000 Payment Date.


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