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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:January 22, 1998
(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, Minnesota55437
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code:(612) 832-7000
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Item 5Other Events.
On or about January 29, 1998, the Registrant will cause the issuance
and sale of Home Loan-Backed Term Notes, Series 1998-HS1, (the "Term
Notes") issued pursuant to an Indenture to be dated as of January 29,
1998, between Home Equity Loan Trust 1998-HS1, as issuer, and The Chase
Manhattan Bank, as Indenture Trustee.
In connection with the sale of the Term Notes by Morgan Stanley Dean
Witter and Residential Funding Securities Corporation (together, the
"Underwriters"), the Registrant has been advised by Morgan Stanley Dean
Witter as Representative for the Underwriters (the "Representative"), that
the Underwriters have furnished to prospective investors certain yield
tables and other computational materials (the "Computational Materials")
with respect to the Term Notes following the effective date of
Registration Statement No.333-28025, 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superseded by the Prospectus Supplement relating to the Term Notes and by
any other information subsequently filed with the Securities and Exchange
Commission.
The Computational Materials consist of the pages 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 Term 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 the Term Notes might vary under varying prepayment and
other
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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 the Term Notes.
Item 7Financial 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
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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
Vice President
Dated: January 22, 1998
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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: Diane S. Wold
Vice President
Dated: January 22, 1998
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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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