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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: November 5, 1997
(Date of earliest event reported)
Residential Funding Mortgage Securities II, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-28025 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 October 30, 1997, the Registrant caused the issuance and
sale of $229,626,000.00 initial principal amount of Home Equity Loan
Pass-Through Certificates, Series 1997-HS5, Class A-1, Class A-2, Class
A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-L1, Class
A-L2, Class IO, Class M-1, Class M-2, Class B-1, Class R-I and Class
R-II (the "Certificates") pursuant to a Pooling and Servicing Agreement
to be dated as of October 1, 1997, 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 1997-HS5, Class M-1,
Class M-2 and Class B-1 Certificates (the "Underwritten Certificates"),
the Registrant has been advised by Residential Funding
SecuritiesCorporation (the "Underwriter"), that the Underwriter has
furnished to prospective investors certain yield tables and other
additional computational materials (the "Additional Computational
Materials") with respect to the Underwritten Certificates following the
effective date of Registration Statement No. 333- 28025, which
Additional Computational Materials are being filed manually as exhibits
to this report.
The Additional Computational Materials have been provided by
the Underwriter. The information in the Additional 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Materials is preliminary and may be superseded by the Prospectus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 Additional Computational Materials consist of the pages
that appear after the Form SE cover sheet.
The Additional 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 Additional Computational Materials may
be based on assumptions that differ from the assumptions set forth in
the Prospectus Supplement. The AdditionalComputational Materials may
not include, and do not purport to include, information based on
assumptions representing a complete set of possible scenarios.
Accordingly, the Additional 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
Additional 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
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
1 99 Additional
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:
Name: Randal Van Zee
Title: Vice President
Dated: October 27, 1997
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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/ Randal Van Zee
Name: Randal Van Zee
Title: Vice President
Dated: October 27, 1997
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EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
1 99 ADDITIONAL Filed
Computational Materials Manually
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EXHIBIT
(Intentionally Omitted)
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