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) February 22, 2000
RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. (as seller under a Pooling and
Servicing Agreement, dated as of February 1, 2000, providing for, inter alia,
the issuance of Mortgage Asset- Backed Pass-Through Certificates, Series
2000-RZ1)
RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 333-91561 41-1955181
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
8400 Normandale Lake Blvd.
Suite 600
MINNEAPOLIS, MINNESOTA 55437
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code, is (612) 832-7000
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ITEM 5. OTHER EVENTS.
The consolidated financial statements of Ambac Assurance Corporation
and subsidiaries as of December 31, 1998 and December 31, 1997, and for each of
the years in the three year period ended December 31, 1998, 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 on March 30, 1999; Commission File Number
1-10777), the unaudited consolidated financial statements of Ambac Assurance
Corporation and subsidiaries as of September 30, 1999 and for the periods ending
September 30, 1999 and September 30, 1998 included in the Quarterly Report on
Form 10-Q of Ambac Financial Group, Inc. for the period ended September 30, 1999
(which was filed with the Securities and Exchange Commission on November 12,
1999) and the unaudited interim financial statements and accompanying discussion
of Ambac Financial Group, Inc. as of December 31, 1999 and for the periods
ending December 31, 1999 and December 31, 1998 contained in the press release
issued on January 26, 2000 included in the Form 8-K of Ambac Financial Group,
Inc. (which was filed with the Securities and Exchange Commission on January 27,
2000), are hereby incorporated by reference in this Current Report on Form 8-K
and in the registration statement and shall be deemed to be a part hereof.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
Item 601(a) of
Regulation S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
1 23 Consent of KPMG LLP,
independent auditors of
Ambac Assurance Corporation
and subsidiaries with respect
to the Residential Asset
Mortgage Products, Inc.
Mortgage Asset-Backed Pass-
Through Certificates, Series
2000-RZ1
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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 thereunto duly authorized.
RESIDENTIAL ASSET SECURITIES
CORPORATION
BY: /S/ JULIE STEINHAGEN
Name: Julie Steinhagen
Title: Vice President
Dated: February 18, 2000
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EXHIBIT INDEX
Item 601(a) of Sequentially
Exhibit Regulation S-K Numbered
NUMBER EXHIBIT NO. DESCRIPTION PAGE
1 23 Accountant's Consent
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EXHIBIT 1
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INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the registration
statement (No. 333-91561) of Residential Asset Mortgage Products, Inc. (the
"Registrant"), and in the Prospectus Supplement of the Registrant (the
"Prospectus Supplement") via the Form 8-K of the Registrant dated February 18,
2000, of our report dated January 27, 1999 on the consolidated financial
statements of Ambac Assurance Corporation and subsidiaries as of December 31,
1998 and 1997, and for each of the years in the three-year period ended December
31, 1998, which report appears in the Form 10-K of Ambac Financial Group, Inc.
which was filed with the Securities and Exchange Commission on March 30, 1999
and to the reference to our firm under the heading "Experts" in the Prospectus
Supplement.
/s/ KPMG LLP
New York, New York
February 18, 2000
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