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): March 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 (Commission (I.R.S. employer
jurisdiction file number) identification no.)
of incorporation)
8400 Normandale Lake Boulevard, Suite 600, 55437
Minneapolis, Minnesota
(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 2
<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-Backed Term Notes, GMACM Series
2000-HE1 Group 1, Group 2, and Group 3 Servicing
Certificates each for Payment Date 3/25/00.
2
<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: April 10, 2000
3
Home Equity Loan-Backed Term Notes, GMACM Series 2000-HE1 Group 1
Payment Date 3/25/00
Servicing Certificate
Beginning Pool Balance 168,295,306.29
Beginning PFA 56,704,693.71
Ending Pool Balance 171,428,361.72
Ending PFA Balance 53,571,638.28
Principal Collections 6,611,550.98
Principal Draws 9,744,606.41
Net Principal Collections -
Active Loan Count 7,208
Interest Collections 892,428.28
Weighted Average Net Loan Rate 8.19737%
Substitution Adjustment Amount 0.00
Note Rate 6.12750%
Term Notes Amount Factor
Beginning Balance 225,000,000.00 1.0000000
Ending Balance 225,000,000.00 1.0000000
Principal - 0.0000000
Interest 995,718.75 4.4254167
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%
Certificates 0.00
Beginning Overcollateralization Amount 0.00
Overcollateralization Amount Increase 147,717.16
(Decrease)
Outstanding Overcollateralization Amount
147,717.16
Credit Enhancement Draw Amount 0.00
Unreimbursed Prior Draws 0.00
Number Percent
Balance of Loans of Balance
Delinquent Loans (30 Days) 857,607.09 33 0.50%
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 and
REO
Liquidation To-Date
Beginning Loss Amount 0.00
Current Month Loss Amount 0.00
Ending Loss Amount 0.00
Special Fraud Bankruptcy
Hazard
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 429,189.44
Withdraw relating to Collection Period 270,382.53
Interest Earned (Zero, Paid to Funding 0.00
Account)
Total Ending Capitalized Interest 158,806.91
Account Balance as of Payment Date
Interest earned for Collection Period 65.73
Interest withdrawn related to prior 0.00
Collection Period
Funding Account
Beginning Funding Account Balance 0.00
Deposit to Funding Account 147,717.16
Payment for Additional Purchases 0.00
Ending Funding Account Balance as of 147,717.16
Payment Date
Interest earned for Collection Period 0.00
Interest withdrawn related to prior 0.00
Collection Period
Prefunding Account
Beginning Balance 56,704,693.71
Additional Purchases during Revolving 0.00
Period
Excess of Draws over Principal (3,133,055.43)
Collections
Total Ending Balance as of Payment Date 53,571,638.28
Interest earned for Collection Period 8,684.37
Interest withdrawn related to prior 0.00
Collection Period
Reserve Account
Beginning Balance 0.00
Deposits to Reserve Account for current 0.00
Payment Date
Withdrawals from Reserve Account for 0.00
current Payment Date
Total Ending Reserve Account Balance as 0.00
of current Payment Date
Interest earned for Collection Period 0.00
Interest withdrawn related to prior 0.00
Collection Period
<PAGE>
Home Equity Loan-Backed Term Notes, GMACM Series 2000-HE1 Group 2
Payment Date 3/25/00
Servicing Certificate
Beginning Pool Balance 17,626,878.01
Beginning PFA 7,373,121.99
Ending Pool Balance 16,706,556.23
Ending PFA Balance 7,373,121.99
Principal Collections 1,975,504.89
Principal Draws 1,055,183.11
Net Principal Collections -
Active Loan Count 196
Interest Collections 85,390.92
Weighted Average Net Loan Rate 7.22005%
Substitution Adjustment Amount 0.00
Note Rate 6.15750%
Term Notes Amount Factor
Beginning Balance 25,000,000.00 1.0000000
Ending Balance 25,000,000.00 1.0000000
Principal - 0.0000000
Interest 111,177.08 4.4470832
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%
Certificates 0.00
Beginning Reserve Amount 0.00
Reserve Amount Increase (Decrease) 7,011.28
Outstanding Reserve Amount 7,011.28
Credit Enhancement Draw Amount 0.00
Unreimbursed Prior Draws 0.00
Number Percent
Balance of Loans of Balance
Delinquent Loans (30 Days) 320,137.72 2 1.92%
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 and REO
Liquidation
To-Date
Beginning Loss Amount 0.00
Current Month Loss Amount 0.00
Ending Loss Amount 0.00
Special Fraud Bankruptcy
Hazard
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 55,806.07
Withdraw relating to prior month Collection 34,784.69
Period
Interest Earned (Zero, Paid to Funding 0.00
Account)
Total Ending Capitalized Interest Account 21,021.38
Balance
Interest earned for Collection Period 8.55
Interest withdrawn related to prior 0.00
Collection Period
Funding Account
Beginning Funding Account Balance 0.00
Deposit to Funding Account 927,333.06
Payment for Additional Purchases 0.00
Ending Funding Account Balance 927,333.06
Interest earned for Collection Period 0.00
Interest withdrawn related to prior 0.00
Collection Period
Prefunding Account
Beginning Balance 7,373,121.99
Additional Purchases during Revolving Period 0.00
Excess of Draws over Principal Collections 0.00
Total Ending Balance 7,373,121.99
Interest earned for Collection Period 1,129.20
Interest withdrawn related to prior 0.00
Collection Period
Reserve Account
Beginning Balance 0.00
Deposits to Reserve Account for current 0.00
Payment Date
Withdrawals from Reserve Account for current 0.00
Payment Date
Total Ending Reserve Account Balance as of 0.00
current Payment Date
Interest earned for Collection Period 0.00
Interest withdrawn related to prior 0.00
Collection Period
<PAGE>
Home Equity Loan-Backed Term Notes, GMACM Series 2000-HE1 Group 3
Payment Date 3/25/00
Servicing Certificate
Beginning Pool Balance 39,933,068.50
Beginning PFA 10,066,931.50
Ending Pool Balance 39,537,297.04
Ending PFA Balance 10,066,931.50
Principal Collections 395,771.46
Principal Draws -
Net Principal Collections -
Active Loan Count 1,529
Interest Collections 293,345.73
Weighted Average Net Loan Rate 9.76061%
Substitution Adjustment Amount 0.00
Note Rate 7.9500%
Term Notes Amount Factor
Beginning Balance 50,000,000.00 1.0000000
Ending Balance 50,000,000.00 1.0000000
Principal - 0.0000000
Interest 331,250.00 6.6250000
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%
Certificates 0.00
Beginning Reserve Amount 0.00
Reserve Amount Increase (Decrease) 28,800.83
Outstanding Reserve Amount 28,800.83
Credit Enhancement Draw Amount 0.00
Unreimbursed Prior Draws 0.00
Number Percent
Balance of Loans of Balance
Delinquent Loans (30 Days) - 0 0.00%
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
and REO
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 76,195.11
Withdraw relating to prior month 71,399.96
Collection Period
Interest Earned (Zero, Paid to 0.00
Funding Account)
Total Ending Capitalized Interest 4,795.15
Account Balance
Interest Withdrawn for prior 0.00
Collection Period
Funding Account
Beginning Funding Account Balance 0.00
Deposit to Funding Account 424,572.29
Payment for Additional Purchases 0.00
Ending Funding Account Balance 424,572.29
Interest Earned for current 0.00
Collection Period
Interest Withdrawn for prior 0.00
Collection Period
Prefunding Account
Beginning Balance 10,066,931.50
Additional Purchases during Revolving 0.00
Period
Excess of Draws over Principal 0.00
Collections
Total Ending Balance 10,066,931.50
Interest Earned for current 1,543.46
Collection Period
Interest Withdrawn for prior 0.00
Collection Period
Reserve Account
Beginning Balance 0.00
Deposits to Reserve Account for 0.00
current Payment Date
Withdrawals from Reserve Account for 0.00
current Payment Date
Total Ending Reserve Account Balance 0.00
as of current Payment Date
Interest Earned for current 0.00
Collection Period
Interest Withdrawn for prior 0.00
Collection Period
