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: September 19, 1996
(Date of earliest event reported)
Residential Funding Mortgage Securities II, Inc.
(Exact name of registrant as specified in its charter)
Delaware 33-80419 41-1808858
(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification No.)
8400 Normandale Lake Blvd., Suite 600, Minneapolis, Minnesota 55437
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code:(612) 832-7000
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Item 5. Other Events.
On September 27, 1996, the Registrant will cause the issuance
and sale of $198,367,179 initial principal amount of Home Equity Loan
Pass-Through Certificates, Series 1996-HS2, Class A-1, Class A-2, Class
A-3, Class A-4, Class A-5, Class A-6, Class A-L, Class IO, Class R-I
and Class R-II (the "Certificates") pursuant to a Pooling and Servicing
Agreement to be dated as of September 1, 1996, among the Registrant,
Residential Funding Corporation, as Master Servicer, and The First
National Bank of Chicago, as Trustee.
In connection with the sale of the Series 1996-HS2, Class A-1,
Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-L and
Class IO Certificates, (the "Underwritten Certificates"), the
Registrant has been advised by Morgan Stanley & Co., Incorporated (the
"Underwriter"), that the Underwriter has furnished to prospective
investors certain yield tables and other computational materials (the
"Computational Materials") with respect to the Underwritten
Certificates following the effective date of Registration Statement No.
33-80419, which Computational Materials are being filed manually as
exhibits to this report.
The Computational Materials have been provided by the
Underwriter. The information in the Computational Materials is
preliminary and may be superseded by the Prospectus Supplement relating
to the Certificates and by any other information subsequently filed
with the Securities and Exchange Commission.
The Computational Materials consist of the _39_ pages that
appear after the Form SE cover sheet and the page headed "NOTICE".
The Computational Materials were prepared by the Underwriter
at the request of certain prospective investors, based on assumptions
provided by, and satisfying the special requirements of, such
prospective investors. The Computational Materials may be based on
assumptions that differ from the assumptions set forth in the
Prospectus Supplement. The Computational Materials may not include, and
do not purport to include, information based on assumptions
representing a complete set of possible scenarios. Accordingly, the
Computational Materials may not be relevant to or appropriate for
investors other than those specifically requesting them.
In addition, the actual characteristics and performance of the
home equity mortgage loans underlying the Underwritten Certificates
(the "Mortgage Loans") may differ from the assumptions used in the
Computational Materials, which are hypothetical in nature and which
were provided to certain investors only to give a general sense of how
the yield, average life, duration, expected maturity, interest rate
sensitivity and cash flow
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characteristics of a particular class of Underwritten Certificates
might vary under varying prepayment and other scenarios. Any difference
between such assumptions and the actual characteristics and performance
of the Mortgage Loans will affect the actual yield, average life,
duration, expected maturity, interest rate sensitivity and cash flow
characteristics of a particular class of Underwritten Certificates.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
Exhibit No. Item 601(a) of
Regulation S-K
Exhibit No. Description
1 99 Computational Materials
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
RESIDENTIAL FUNDING MORTGAGE
SECURITIES II, INC.
By: /s/ Diane S. Wold
Name: Diane S. Wold
Title: Vice President
Dated: September 19, 1996
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
RESIDENTIAL FUNDING MORTGAGE
SECURITIES II, INC.
By: /s/Diane S. Wold
Name: Diane S. Wold
Title: Vice President
Dated: September 19, 1996
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EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
1 99 Computational Materials Filed
Manually
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EXHIBIT
(Intentionally Omitted)
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