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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 16, 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
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ITEM 5. OTHER EVENTS.
On or about November 23, 1999, the Registrant will cause the
issuance and sale of Home Loan-Backed Term Notes, Series 1999-HS7, (the
"Term Notes") issued pursuant to an Indenture to be dated as of November
23, 1999, between Home Equity Loan Trust 1999- HS7, as issuer, and The
Chase Manhattan Bank, as Indenture Trustee.
In connection with the sale of the Term Notes by Residential
Funding Securities Corporation ( the "Underwriter"), the Registrant has
been advised by the Underwriter that the Underwriter has 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.333-77561,
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preliminary and may be superseded by the Prospectus Supplement relating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 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 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
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 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.
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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
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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/ STEPHEN HYNES
Name: Stephen Hynes
Title: Vice President
Dated: November 16, 1999
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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: Stephen Hynes
Title: Vice President
Dated: November 16, 1999
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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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