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) August 17, 2000
RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. (as depositor under an Amended and
Restated Trust Agreement, dated as of August 25, 2000, and pursuant to which an
Indenture was entered into, providing for, inter alia, the issuance of Home
Loan-Backed Notes, Series 2000-HL1)
Residential Asset Mortgage Products, Inc.
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(Exact name of registrant as specified in its charter)
DELAWARE 333-91561 41-1955181
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
8400 Normandale Lake Blvd.
Suite 600
Minneapolis, Minnesota 55437
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(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, 1999 and December 31, 1998, and
for each of the years in the three year period ended December 31, 1999, 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, 2000; Commission
File Number 1-10777) and the unaudited consolidated financial statements of
Ambac Assurance Corporation and subsidiaries as of June 30, 2000 and for the
periods ended 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 Securities and Exchange Commission on August 11,
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. Home
Loan-Backed Notes, Series
2000-HL1
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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 MORTGAGE
PRODUCTS, INC.
By: /s/ Lisa Lundsten
Name: Lisa Lundsten
Title: Vice President
Dated: August 17, 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 August 17, 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 years in the three-year period ended December 31, 1999, 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, 2000 and to the reference to our
firm under the heading "Experts" in the Prospectus Supplement.
/s/ KPMG LLP
New York, New York
August 17, 2000
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