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 19, 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, 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 November 25, 1998, the Registrant will cause the issuance and
sale of $200,000,000.00 initial principal amount of Home Loan-Backed
Notes, Series 1998-HI4, (the "Notes") pursuant to an Indenture to be dated
as of November 1, 1998, between Home Loan Trust 1998-HI4, as issuer and
The Chase Manhattan Bank, as Indenture
Trustee.
In connection with the sale of the Notes by Residential Funding
Securities Corporation (the "Underwriter"), the Registrant has been
advised that the Underwriter has furnished to prospective investors
certain yield tables and other computational materials (the "Computational
Materials") with respect to the 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 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superseded by the Prospectus Supplement relating to the Certificates and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 pages that appear after
the Form SE cover sheet and the page headed "NOTICE". The Underwriter has
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 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
Loans underlying the Notes (the "Home 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 Notes might
vary under varying prepayment and other scenarios. Any difference between
such assumptions and the actual characteristics and performance of the
Home Loans will affect
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the actual yield, average life, duration, expected maturity, interest rate
sensitivity and cash flow characteristics of the 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:
Name: Diane S. Wold
Title:Vice President
Dated: November 19, 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: /s/Diane S. Wold
Name: Diane S. Wold
Title: Vice President
Dated: November 19, 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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