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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): September 26, 2000
RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-42510 41-1955181
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(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 (952) 832-7000
(Former name or former address, if changed since last report)
Exhibit Index located on Page 5
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Items 1 through 4, Item 6 and Item 8 are not included because they are not
applicable.
Item 5. Other Events.*
Filing of Certain Materials
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 Loan Trust
2000-CL1, GMACM Home Loan-Backed Term Notes, Series 2000-CL1 (the "Notes").
Incorporation of Certain Documents by Reference
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, 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 No. 1-10777), and the
unaudited consolidated financial statements of Ambac Assurance Corporation and
subsidiaries as of June 30, 2000 and for the periods ending 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 (i) this Current Report on Form 8-K; (ii) the registration
statement (No.333-42510) of the Registrant (the "Prospectus"); and (iii) the
Prospectus Supplement for GMACM Home Loan-Backed Term Notes, Series 2000-CL1,
and shall be deemed to be a part hereof.
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated September 21, 2000 and the
prospectus supplement dated September 26, 2000 (collectively, the "Prospectus"),
of Residential Asset Mortgage Products, Inc., relating to its GMACM Home Loan
Trust 2000-CL1, GMACM Home Loan-Backed Term Notes, Series 2000-CL1.
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Item 7. Financial Statements and Exhibits
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23.1 Consent of KPMG LLP, independent auditors of Ambac Assurance
Corporation and subsidiaries ("Ambac") with respect to (a) the
incorporation by reference in the Prospectus and Prospectus Supplement
of their report dated January 21, 2000 on the audit of the consolidated
financial statements of Ambac as of December 31, 1999 and 1998 and for
each of the years in the three-year period ended December 31, 1999 and
(b) with respect to the reference to their firm under the caption
"Experts" in the Prospectus Supplement.
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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 hereunto duly authorized.
RESIDENTIAL ASSET MORTGAGE
PRODUCTS, INC.
By: /s/ Patricia C. Taylor
Patricia C. Taylor
Vice President
Dated: September 27, 2000
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Exhibit Index
Exhibit
23.1 Consent of KPMG LLP
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EXHIBIT 23.1
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the registration
statement (No. 333-42510) 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 September 26,
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 Annual Report on 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
September 26, 2000
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