_________________________________________________________________
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 23, 2000
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, 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 4
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Item 5. Other Events.
Filing of Certain Materials
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Pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended,
concurrently with, or subsequent to, the filing of this Current Report on Form
8-K (the "Form 8-K"), Residential Asset Mortgage Products, Inc. (the "Company")
is filing a prospectus and a prospectus supplement with the Securities and
Exchange Commission (the "Commission") relating to its GMACM Home Equity Loan
Trust 2000-HE1, GMACM Home Equity Loan-Backed Term Notes, Series 2000-HE1 (the
"Notes").
Incorporation of Certain Documents by Reference
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The consolidated financial statements of MBIA Insurance Corporation, a
wholly owned subsidiary of MBIA Inc. and its subsidiaries as of December 31,
1998 and December 31, 1997, and for each of the three years in the period ended
December 31, 1998, included in the Annual Report on Form 10-K of MBIA Inc. for
the year ended December 31, 1998 and the consolidated financial statements of
MBIA Insurance Corporation and its subsidiaries as of September 30, 1999, and
for the periods ended September 30, 1999 and September 30, 1998 included in the
Quarterly Report on Form 10-Q of MBIA Inc. for the period ended September 30,
1999 are hereby incorporated by reference in (i) this Current Report on Form
8-K; (ii) the prospectus; and (iii) the prospectus supplement for GMACM Home
Equity Loan Trust 2000-HE1, GMACM Home Equity Loan-Backed Term Notes, Series
2000-HE1, and shall be deemed to be part hereof and thereof.
In connection with the issuance of the Notes, the Company is filing
herewith the consent of PricewaterhouseCoopers LLP ("PWC") to the use of their
name and the incorporation by reference of their report in the Prospectus
relating to the issuance of the Notes. The consent of PWC is attached hereto as
Exhibit 23.1
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated February 22 and the prospectus
supplement dated February 25, 2000 (collectively, the "Prospectus"), of
Residential Asset Mortgage Products, Inc., relating to its GMACM Home Equity
Loan Trust 2000-HE1, GMACM Home Equity Loan-Backed Term Notes, Series 2000-HE1.
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Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
_________________________
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23.1 Consent of PricewaterhouseCoopers LLP
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, 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
______________________
Patricia C. Taylor
Vice President
Dated: February 29, 2000
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Exhibit Index
Exhibit Page
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23.1 Consent of PWC 5
EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
[PricewaterhouseCoopers LLP Letterhead]
We consent to the incorporation by reference in the
Prospectus Supplement of GMAC Mortgage Corporation, relating
to GMACM Home Equity Loan Trust 2000-HE1, of our report
dated February 2, 1999, on our audits of the consolidated
financial statements of MBIA Insurance Corporation and
Subsidiaries as of December 31, 1998 and 1997 and for each
of the three years in the period ended December 31, 1998.
We also consent to the reference to our Firm under the
caption "Experts".
/s/ PricewaterhouseCoopers LLP
February 23, 2000
