RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K, 1999-09-22
ASSET-BACKED SECURITIES
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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: September 21, 1999
(Date of earliest event reported)



               Residential Funding Mortgage Securities II, Inc.
            (Exact name of registrant as specified in its charter)


Delaware                           333-77561                        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


<PAGE>




Item 5    Other Events.

            On September 28, 1999,  the  Registrant  will cause the issuance and
      sale of $557,893,000  initial principal amount of Home Loan-Backed  Notes,
      Series 1999-HI6,  (the "Notes") pursuant to an Indenture to be dated as of
      September 28, 1999,  between Home Loan Trust  1999-HI6,  as issuer and The
      Chase Manhattan Bank, as Indenture Trustee.

            In  connection  with the sale of the  Notes by Bear,  Stearns  & Co.
      Inc.,  Paine  Webber  Incorporated,  and  Residential  Funding  Securities
      Corporation  (collectively,  the "Underwriters"),  the Registrant has been
      advised by the  Underwriters,  that the  Underwriters  have  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.  333-77561,
      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      superseded by the Prospectus  Supplement  relating to the Notes and by any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 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


<PAGE>




      the actual yield, average life, duration, expected maturity, interest rate
      sensitivity and cash flow characteristics of the 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



<PAGE>




      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: Lisa Lundsten
                                          Title:Vice President




Dated: September 21, 1999


<PAGE>




      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/Lisa Lundsten
                                          Name: Lisa Lundsten
                                          Title:Vice President




Dated: September 21, 1999


<PAGE>




                                 EXHIBIT INDEX


                   Item 601 (a) of       Sequentially
      Exhibit     Regulation S-K         Numbered
      Number       Exhibit No.           Description             Page

      1               99        Computational Materials      Filed Manually


<PAGE>



                                   EXHIBIT

                            (Intentionally Omitted)


<PAGE>





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