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Previous: SYCONET COM INC, POS AM, EX-27, 2000-08-28 |
Next: RESIDENTIAL ASSET MORTGAGE PRODUCTS INC, 8-K, 2000-08-28 |
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 25, 2000
RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. (as depositor under a Trust Agreement,
dated as of February 28, 2000, and pursuant to which an Indenture was entered
into, providing for, inter alia, the issuance of GMACM Home Equity Loan-Backed
Term Notes, Series 2000-HE1)
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 Boulevard, Suite 600, Minneapolis, Minnesota 55437
(Address of principal executive offices) (Zip code)
(612) 832-7000
Registrant's telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
--------------------------------------------------------------------------------
Exhibit Index Located on Page 4
<PAGE>
Items 1 through 6 and Item 8 are not included because they are not applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
20.1 Residential Asset Mortgage Products, Inc.,
GMACM Home Equity Loan Trust 2000-HE1,
GMACM Home Equity Loan-Backed Term Notes, GMACM Series
2000-HE1 Group 1, Group 2 and Group 3 Servicing
Certificates, each for Payment Date 8/25/00.
<PAGE>
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., Registrant
By: /s/ Patricia C. Taylor
Name: Patricia C. Taylor
Title: Vice President
Date: August 25, 2000
<PAGE>
20.1 Residential Asset Mortgage Products, Inc.,
GMACM Home Equity Loan Trust 2000-HE1,
GMACM Home Equity Loan-Backed Term Notes, GMACM Series
2000-HE1 Group 1, Group 2 and Group 3 Servicing
Certificates, each for Payment Date 8/25/00.
<PAGE>
Home Equity Loan-Backed Term Notes, GMACM Series 2000-HE1 Group 1
Payment Date 08/25/2000
<TABLE>
<CAPTION>
Servicing Certificate
<S> <C> <C> <C>
Beginning Pool Balance 221,406,230.51
Beginning PFA 0.00
Ending Pool Balance 221,602,640.53
Ending PFA Balance -
Principal Collections 9,872,175.97
Principal Draws 4,768,836.22
Net Principal Collections -
Active Loan Count 8,776
Interest Collections 1,927,259.69
Weighted Average Net Loan Rate 10.66000%
Substitution Adjustment Amount 0.00
Note Rate 6.87000%
Term Notes Amount Factor
---------- ------ ------
Beginning Balance 225,000,000.00 1.0000000
Ending Balance 225,000,000.00 1.0000000
Principal - 0.0000000
Interest 1,331,062.50 5.9158333
Interest Shortfall 0.00 0.0000000
Security Percentage 100.00%
Variable Funding Notes Amount
---------------------- ------
Beginning Balance 0.00
Ending Balance 0.00
Principal 0.00
Interest 0.00
Interest Shortfall 0.00
Security Percentage 0.00%
<PAGE>
Certificates 0.00
Beginning Overcollateralization Amount 2,005,433.70
Overcollateralization Amount Increase (Decrease) 587,390.74
Outstanding Overcollateralization Amount 2,592,824.44
Credit Enhancement Draw Amount 0.00
Unreimbursed Prior Draws 0.00
Number Percent
Balance of Loans of Balance
Delinquent Loans (30 Days) 984,510.63 41 0.44%
Delinquent Loans (60 Days) 274,387.07 11 0.12%
Delinquent Loans (90+ Days) (1) 846,248.27 22 0.38%
Foreclosed Loans 49,815.10 1 0.02%
REO 0.00 0 0.00%
(1) 90+ Figures Include Foreclosures, REO and Bankruptcies
Liquidation
To-Date
Beginning Loss Amount 0.00
Current Month Loss Amount 0.00
Ending Loss Amount 0.00
Special Hazard Fraud Bankruptcy
Beginning Amount 0.00 0.00 0.00
Current Month Loss Amount 0.00 0.00 0.00
Ending Amount
- - -
Liquidation Loss Distribution Amounts 0.00
Extraordinary Event Losses 0.00
Excess Loss Amounts 0.00
<PAGE>
Capitalized Interest Account
Beginning Balance 0.00
Withdraw relating to Collection Period 0.00
Interest Earned (Zero, Paid to Funding Account) 0.00
----
Total Ending Capitalized Interest Account Balance as of Payment 0.00
Date
Interest earned for Collection Period 0.00
Interest withdrawn related to prior Collection Period 0.00
Funding Account
Beginning Funding Account Balance 5,599,203.19
Deposit to Funding Account 5,690,730.49
Payment for Additional Purchases (5,299,749.77)
Ending Funding Account Balance as of Payment Date 5,990,183.91
Interest earned for Collection Period 19,318.55
Interest withdrawn related to prior Collection Period 1,702.58
Prefunding Account
Beginning Balance 0.00
Additional Purchases during Revolving Period 0.00
Excess of Draws over Principal Collections 0.00
----
Total Ending Balance as of Payment Date 0.00
Interest earned for Collection Period 0.00
Interest withdrawn related to prior Collection Period 0.00
Reserve Account
Beginning Balance 0.00
Deposits to Reserve Account for current Payment Date 0.00
Withdrawals from Reserve Account for current Payment Date 0.00
----
Total Ending Reserve Account Balance as of current Payment Date 0.00
Interest earned for Collection Period 0.00
Interest withdrawn related to prior Collection Period 0.00
</TABLE>
<PAGE>
Home Equity Loan-Backed Term Notes, GMACM Series 2000-HE1 Group 2
Payment Date 08/25/2000
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Servicing Certificate
Beginning Pool Balance 22,797,007.55
Beginning PFA 0.00
Ending Pool Balance 23,993,346.10
Ending PFA Balance -
Principal Collections 1,090,401.08
Principal Draws 805,276.60
Net Principal Collections -
Active Loan Count 353
Interest Collections 178,400.23
Weighted Average Net Loan Rate 9.60000%
Substitution Adjustment Amount 0.00
Note Rate 6.90000%
Term Notes Amount Factor
---------- ------ ------
Beginning Balance 25,000,000.00 1.0000000
Ending Balance 25,000,000.00 1.0000000
Principal - 0.0000000
Interest 148,541.67 5.9416668
Interest Shortfall 0.00 0.0000000
Security Percentage 100.00%
Variable Funding Notes Amount
---------------------- ------
Beginning Balance 0.00
Ending Balance 0.00
Principal 0.00
Interest 0.00
Interest Shortfall 0.00
Security Percentage 0.00%
<PAGE>
Certificates 0.00
Beginning Overcollateralization Amount 122,255.20
Overcollateralization Amount Increase (Decrease) 34,756.21
Outstanding Overcollateralization Amount 157,011.40
Credit Enhancement Draw Amount 0.00
Unreimbursed Prior Draws 0.00
Number Percent
Balance of Loans of Balance
Delinquent Loans (30 Days) 147,647.34 1 0.62%
Delinquent Loans (60 Days) - 0 0.00%
Delinquent Loans (90+ Days) (1) - 0 0.00%
Foreclosed Loans - 0 0.00%
REO 0.00 0 0.00%
(1) 90+ Figures Include Foreclosures, REO, and Bankruptcies
Liquidation
To-Date
Beginning Loss Amount 0.00
Current Month Loss Amount 0.00
Ending Loss Amount 0.00
Special Hazard Fraud Bankruptcy
Beginning Amount 0.00 0.00 0.00
Current Month Loss Amount 0.00 0.00 0.00
Ending Amount
- - -
Liquidation Loss Distribution Amounts 0.00
Extraordinary Event Losses 0.00
Excess Loss Amounts 0.00
<PAGE>
Capitalized Interest Account
Beginning Balance 0.00
Withdraw relating to prior month Collection Period 0.00
Interest Earned (Zero, Paid to Funding Account) 0.00
----
Total Ending Capitalized Interest Account Balance 0.00
Interest earned for Collection Period 0.00
Interest withdrawn related to prior Collection Period 0.00
Funding Account
Beginning Funding Account Balance 2,325,247.65
Deposit to Funding Account 319,880.69
Payment for Additional Purchases (1,481,463.03)
Ending Funding Account Balance 1,163,665.30
Interest earned for Collection Period 8,022.65
Interest withdrawn related to prior Collection Period 995.17
Prefunding Account
Beginning Balance 0.00
Additional Purchases during Revolving Period 0.00
Excess of Draws over Principal Collections 0.00
----
Total Ending Balance 0.00
Interest earned for Collection Period 0.00
Interest withdrawn related to prior Collection Period 0.00
Reserve Account
Beginning Balance 0.00
Deposits to Reserve Account for current Payment Date 0.00
Withdrawals from Reserve Account for current Payment Date 0.00
----
Total Ending Reserve Account Balance as of current Payment 0.00
Date
Interest earned for Collection Period 0.00
Interest withdrawn related to prior Collection Period 0.00
</TABLE>
<PAGE>
Home Equity Loan-Backed Term Notes, GMACM Series 2000-HE1 Group 3
Payment Date 08/25/2000
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Servicing Certificate
Beginning Pool Balance 48,974,651.39
Beginning PFA 0.00
Ending Pool Balance 48,485,736.94
Ending PFA Balance -
Principal Collections 488,914.45
Principal Draws -
Net Principal Collections 488,914.45
Active Loan Count 1,847
Interest Collections 398,165.77
Weighted Average Net Loan Rate 9.75000%
Substitution Adjustment Amount 0.00
Note Rate 7.9500%
Term Notes Amount Factor
---------- ------ ------
Beginning Balance 48,577,583.56 0.9715517
Ending Balance 48,032,998.70 0.9606600
Principal 544,584.86 10.8916972
Interest 321,922.55 6.4384510
Interest Shortfall 0.00 0.0000000
Security Percentage 100.00%
Variable Funding Notes Amount
---------------------- ------
Beginning Balance 0.00
Ending Balance 0.00
Principal 0.00
Interest 0.00
Interest Shortfall 0.00
Security Percentage 0.00%
<PAGE>
Certificates 0.00
Beginning Overcollateralization Amount 382,569.03
Overcollateralization Amount Increase (Decrease) 70,169.21
Outstanding Overcollateralization Amount 452,738.24
Credit Enhancement Draw Amount 0.00
Unreimbursed Prior Draws 0.00
Number Percent
Balance of Loans of Balance
Delinquent Loans (30 Days) 84,172.40 5 0.17%
Delinquent Loans (60 Days) 40,067.76 2 0.08%
Delinquent Loans (90+ Days) (1) - 0 0.00%
Foreclosed Loans - 0 0.00%
REO 0.00 0 0.00%
(1) 90+ Figures Include Foreclosures, REO, and Bankruptcies
Liquidation
To-Date
Beginning Loss Amount 0.00
Current Month Loss Amount 0.00
Ending Loss Amount 0.00
Special Hazard Fraud Bankruptcy
Beginning Amount 0.00 0.00 0.00
Current Month Loss Amount 0.00 0.00 0.00
Ending Amount
- - -
Liquidation Loss Distribution Amounts 0.00
Extraordinary Event Losses 0.00
Excess Loss Amounts 0.00
Capitalized Interest Account
Beginning Balance 0.00
Withdraw relating to prior month Collection Period 0.00
Interest Earned (Zero, Paid to Funding Account) 0.00
----
Total Ending Capitalized Interest Account Balance 0.00
Interest Withdrawn for prior Collection Period 0.00
<PAGE>
Funding Account
Beginning Funding Account Balance
-
Funding Account balance sent to Noteholders
-
Payment for Additional Purchases
-
Ending Funding Account Balance
-
Interest Earned for current Collection Period
-
Interest Withdrawn for prior Collection Period
-
Prefunding Account
Beginning Balance 0.00
Additional Purchases during Revolving Period 0.00
Excess of Draws over Principal Collections 0.00
----
Total Ending Balance 0.00
Interest Earned for current Collection Period 0.00
Interest Withdrawn for prior Collection Period 0.00
Reserve Account
Beginning Balance 0.00
Deposits to Reserve Account for current Payment Date 0.00
Withdrawals from Reserve Account for current Payment Date 0.00
----
Total Ending Reserve Account Balance as of current Payment 0.00
Date
Interest Earned for current Collection Period 0.00
Interest Withdrawn for prior Collection Period 0.00
</TABLE>
<PAGE>
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