-1-
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: March 1, 1997
(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
[NY01:189571.] 05/21/96 1:25pm [16069-0034]5
<PAGE>
-2-
Item 5. Other Events.
On or about March 27, 1997, the Registrant will cause the
issuance and sale of Home Equity Loan-Backed Term Notes, Series
1997-HS2, (the "Term Notes") issued pursuant to a an Indenture to be
dated as of March 1, 1997, between Home Loan Equity Trust 1997-HS2, as
issuer, and The Chase Manhattan Bank, N.A., as indenture trustee.
In connection with the sale of the Term Notes (collectively,
the "Underwritten Notes"), the Registrant has been advised by Morgan
Stanley & Co. Incorporated as representative for the Underwriters (the
"Underwriters"), that the Underwriters have furnished to prospective
investors certain yield tables and other computational materials (the
"Computational Materials") with respect to the Underwritten Notes
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
Underwriters. The information in the Computational Materials is
preliminary and may be superseded by the Prospectus Supplement relating
to the Underwritten Notes and by any other information subsequently
filed with the Securities and Exchange Commission.
The Computational Materials consist of the pages (the
"Computational Materials") that appear after the Form SE cover sheet
and the page headed "NOTICE". The Underwriters have advised the
Registrant that certain information in the Computational Materials may
have been based on assumptions that differed from the final pool
information.
The Computational Materials were prepared by the Underwriters
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
revolving credit loans underlying the Underwritten Notes (the
"Revolving Credit 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 characteristics of a particular class of
Underwritten Notes might vary under varying
[NY01:189571.] 05/21/96 1:25pm [16069-0034]5
<PAGE>
-3-
prepayment and other scenarios. Any difference between such assumptions
and the actual characteristics and performance of the Revolving Credit
Loans will affect the actual yield, average life, duration, expected
maturity, interest rate sensitivity and cash flow characteristics of a
particular class of Underwritten Notes.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
1 99 Computational Materials
[NY01:189571.] 05/21/96 1:25pm [16069-0034]5
<PAGE>
-4-
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: March 25, 1997
[NY01:189571.] 05/21/96 1:25pm [16069-0034]5
<PAGE>
-5-
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
1 99 Computational Materials Filed
Manually
[NY01:189571.] 05/21/96 1:25pm [16069-0034]5
<PAGE>
-6-
EXHIBIT
(Intentionally Omitted)
[NY01:189571.] 05/21/96 1:25pm [16069-0034]5
<PAGE>
