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: June 18, 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 or about June 26, 1998, the Registrant will cause the issuance
and sale of Home Loan-Backed Notes, Series 1998-HI2, Class A-1, Class A-2,
Class A-3, Class A-4, Class A-5, Class A-6, Class M-1, Class M-2 and Class
B-1 (the "Notes") issued pursuant to a an Indenture to be dated as of June
26, 1998, between Home Loan Trust 1998-HI2, as issuer, and The Chase
Manhattan Bank, N.A., as indenture trustee.
In connection with the sale of the Notes (collectively, the
"Underwritten Notes"), the Registrant has been advised by Bear, Stearns &
Co. Inc. (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
Notes following the effective date of Registration Statement No. 33-28025,
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superseded by the Prospectus Supplement relating to the Underwritten Notes
and by any other information subsequently filed with the Securities and
Exchange Commission.
The Computational Materials consist of the first 24 pages (the
"Computational Materials") 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 Underwritten 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 a
particular class of Underwritten 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 the
actual yield, average life, duration, expected maturity,
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interest rate sensitivity and cash flow characteristics of a particular
class of Underwritten 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
Title:Vice President
Dated: June 18, 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
Title:Vice President
Dated: June 18, 1998
TPW: NY02:1219567.1] 16069-00478 06/16/98 04:49PM
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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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