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): October 24, 2000
RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-42510 41-1955181
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
8400 Normandale Lake Boulevard, Suite 600, Minneapolis, MN 55437
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (612) 832-7000
(Former name or former address, if changed since last report)
Exhibit Index located on Page 5
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Items 1 through 4, Item 6 and Item 8 are not included because they are not
applicable.
Item 5. Other Events.*
Filing of Certain Materials
Pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended,
Residential Asset Mortgage Products, Inc. (the "Company") has filed a prospectus
dated September 21, 2000 (the "Base Prospectus") and concurrently with, or
subsequent to, the filing of this Current Report on Form 8-K (the "Form 8-K"),
will file a prospectus supplement dated October [24], 2000 (the "Prospectus
Supplement" and together with the Base Prospectus, the "Prospectus") with the
Securities and Exchange Commission (the "Commission") relating to its GMACM
Mortgage Pass-Through Certificates, Series 2000-J4 (the "Certificates"). The
consolidated financial statements of Ambac Assurance Corporation and
Subsidiaries as of December 31, 1999 and December 31, 1998 and for each of the
years in the three year period ended December 31, 1999, prepared in accordance
with generally accepted accounting principles, included in the Annual Report on
Form 10-K of Ambac Financial Group, Inc. (which was filed with the Securities
and Exchange Commission (the "Commission") on March 30, 2000; Commission File
No. 1-10777), and the unaudited consolidated financial statements of Ambac
Assurance Corporation and subsidiaries as of June 30, 2000 and for the periods
ending June 30, 2000 and June 30, 1999, included in the Quarterly Report on Form
10-Q of Ambac Financial Group, Inc., for the period ended June 30, 2000 (which
was filed with the Commission on August 11, 2000), will be incorporated by
reference into the Prospectus Supplement and shall be deemed to be a part
thereof. KPMG LLP has consented to the use of their name in the "Experts"
section of the Prospectus Supplement. The consent of KPMG LLP is attached hereto
as exhibit 23.1.
______________________________
* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Prospectus.
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Item 7. Financial Statements and Exhibits
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23.1 Consent of KPMG LLP, independent auditors of Ambac Assurance
Corporation and Subsidiaries ("Ambac") with respect to (a) the
incorporation by reference in the Prospectus Supplement of their report
dated January 21, 2000 on the audit of the consolidated financial
statements of Ambac as of December 31, 1999 and 1998 and for each of the
three years in the period ended December 31, 1999 and (b) with respect
to the reference to their firm under the caption "Experts" in the
Prospectus Supplement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.
By: /s/Patricia C. Taylor
Vice President
Dated: October 24, 2000
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Exhibit Index
Exhibit Page
23.1 Consent of KPMG LLP 6
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EXHIBIT 23.1
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation
We consent to the incorporation by reference in the registration
statement (No. 333-42510) of Residential Asset Mortgage Products, Inc. (the
"Registrant"), and in the Prospectus Supplement of the Registrant (the
"Prospectus Supplement") via Form 8-K of the Registrant dated October 24, 2000,
of our report dated January 21, 2000, on the consolidated financial statements
of Ambac Assurance Corporation and Subsidiaries as of December 31, 1999 and
1998, and for each of the three years in the three-year period ended December
31, 1999, which report appears in the Annual Report on Form 10-K of Ambac
Financial Group, Inc., which was filed with the Securities and Exchange
Commission on March 30, 2000, and to the reference to our firm under the heading
"Experts" in the Prospectus Supplement.
/s/ KPMG LLP
New York, New York
October 24, 2000
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