RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K/A, 2000-04-03
ASSET-BACKED SECURITIES
Previous: ALIGN RITE INTERNATIONAL INC, 8-K, 2000-04-03
Next: RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC, 8-K, 2000-04-03








                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 8-K/A

        The  original  8-K has been amended by this 8-K/A to correct the date of
the signature block for Form T-1 and the date of Exhibit 7 to Form T-1.

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

Date of Report: February 17, 2000
(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 7. Financial Statements, Pro Forma Financial Information and Exhibits


        (a)    Financial Statements.

               Not applicable.

        (b)    Pro Forma Financial Information.

               Not applicable.

        (c)    Exhibits

Exhibit No.                Description

           25.1            Statement of Eligibility of The Chase Manhattan Bank
                           on Form T-1 under the Trust Indenture Act of 1939 of
                           a corporation designated to act as Trustee


<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: April 3, 2000

<PAGE>




                                  EXHIBIT INDEX

 Exhibit
 Number  Description

 25.1    Statement of Eligibility of The Chase Manhattan Bank on Form T-1
         under the Trust Indenture Act of 1939 of a corporation designated to
         act as Trustee


<PAGE>




                                  EXHIBIT 25.1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549
                            -------------------------

                                    FORM T-1

                            STATEMENT OF ELIGIBILITY

                    UNDER THE TRUST INDENTURE ACT OF 1939 OF
                   A CORPORATION DESIGNATED TO ACT AS TRUSTEE
                   -------------------------------------------
               CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
                A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________
                    ----------------------------------------

                            THE CHASE MANHATTAN BANK
               (Exact name of trustee as specified in its charter)


New York                                          13-4994650
(State of incorporation                     (I.R.S. employer
if not a national bank)                  identification No.)

270 Park Avenue

New York, New York                                 10017
(Address of principal executive offices)      (Zip Code)

                               William H. McDavid
                                 General Counsel
                                 270 Park Avenue
                            New York, New York 10017
                               Tel: (212) 270-2611
            (Name, address and telephone number of agent for service)
                  ---------------------------------------------

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

Delaware                                                     41-1808858
(State or other jurisdiction of                        (I.R.S. employer
incorporation or organization)                      identification No.)


8400 Normandale Lake Boulevard

Minneapolis, MN                                                55437
 (Address of principal executive offices)                 (Zip Code)

                       Home Equity Loan-Backed Term Notes
                       (Title of the indenture securities)


<PAGE>


                                          GENERAL

Item 1.                                                   General Information.

       Furnish the following information as to the trustee:

     (a) Name and address of each examining or supervising authority to which it
is subject.

New York State Banking Department,  Suite 2310, 5 Empire State Plaza,
Albany, New York 12223.

Board of Governors of the Federal Reserve System, 20th and C Street NW,
Washington, D.C., 20551.

Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York,
N.Y. 10045.

Federal Deposit Insurance Corporation, 550 Seventeenth Street NW Washington,
D.C., 20429.


  (b)Whether it is authorized to exercise corporate trust powers.

           Yes.


Item 2.    Affiliations with the Obligor.

        If the  obligor  is an  affiliate  of the  trustee,  describe  each such
affiliation.

        None.


<PAGE>





Item 16. List of Exhibits

         List  below  all  exhibits  filed  as  a  part  of  this  Statement  of
Eligibility.

         1. A copy of the  Articles  of  Association  of the  Trustee  as now in
effect, including the Organization Certificate and the Certificates of Amendment
dated February 17, 1969, August 31, 1977, December 31, 1980,  September 9, 1982,
February 28, 1985, December 2, 1991 and July 10, 1996 (see Exhibit 1 to Form T-1
filed  in  connection  with  Registration  Statement  No.  333-06249,  which  is
incorporated by reference).

         2. A copy of the  Certificate  of  Authority of the Trustee to Commence
Business  (see  Exhibit  2 to Form T-1  filed in  connection  with  Registration
Statement No. 33-50010, which is incorporated by reference. On July 14, 1996, in
connection  with the  merger  of  Chemical  Bank and The  Chase  Manhattan  Bank
(National  Association),  Chemical Bank, the surviving corporation,  was renamed
The Chase Manhattan Bank).

         3.  None,  authorization  to  exercise  corporate  trust  powers  being
contained in the documents identified above as Exhibits 1 and 2.

     4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1
filed  in  connection  with  Registration  Statement  No.  333-06249,  which  is
incorporated by reference).

         5.  Not applicable.

         6. The  consent of the Trustee  required  by Section  321(b) of the Act
(see Exhibit 6 to Form T-1 filed in connection with  Registration  Statement No.
33-50010,  which is incorporated  by reference.  On July 14, 1996, in connection
with  the  merger  of  Chemical  Bank and The  Chase  Manhattan  Bank  (National
Association),  Chemical Bank, the surviving  corporation,  was renamed The Chase
Manhattan Bank).

     7. A copy of the  latest  report of  condition  of the  Trustee,  published
pursuant to law or the requirements of its supervising or examining authority.

         8.  Not applicable.

         9.  Not applicable.

                                         SIGNATURE

         Pursuant to the  requirements  of the Trust  Indenture  Act of 1939 the
Trustee,  The Chase Manhattan  Bank, a corporation  organized and existing under
the laws of the State of New York, has duly caused this statement of eligibility
to be signed on its behalf by the undersigned, thereunto duly authorized, all in
the City of New York and State of New York, on the 16th day of February, 2000.

                                        THE CHASE MANHATTAN BANK

                                        By  /S/ Mark McDermott
                                            Mark McDermott
                                            Trust Officer


<PAGE>






                              Exhibit 7 to Form T-1


                                Bank Call Notice

                             RESERVE DISTRICT NO. 2
                       CONSOLIDATED REPORT OF CONDITION OF

                            The Chase Manhattan Bank
                  of 270 Park Avenue, New York, New York 10017
                     and Foreign and Domestic Subsidiaries,
                     a member of the Federal Reserve System,

                 at the close of business September 30, 1999, in
         accordance with a call made by the Federal Reserve Bank of this
         District pursuant to the provisions of the Federal Reserve Act.

                                                                Dollar Amounts
                  ASSETS                                           in Millions

Cash and balances due from depository institutions:
    Noninterest-bearing balances and
    currency and coin ................................................$  13,497
    Interest-bearing balances ............................................6,388
Securities:  ...................................................................
Held to maturity securities.................................................798
Available for sale securities..........................................  48,655
Federal funds sold and securities purchased under
    agreements to resell ................................................30,373
Loans and lease financing receivables:
    Loans and leases, net of unearned income    $132,392
    Less: Allowance for loan and lease losses      2,463
    Less: Allocated transfer risk reserve ....         0
                                           -------------
    Loans and leases, net of unearned income,
    allowance, and reserve .............................................129,929
Trading Assets ..........................................................47,413
Premises and fixed assets (including capitalized
    leases)...............................................................3,287
Other real estate owned .....................................................26
Investments in unconsolidated subsidiaries and
    associated companies....................................................185
Customers' liability to this bank on acceptances
    outstanding ............................................................716
Intangible assets ........................................................2,693
Other assets ........................................................... 15,430
                                                                         ------
TOTAL ASSETS ..........................................................$299,390
                                                                        =======


<PAGE>


                                           LIABILITIES

Deposits

    In domestic offices ...............................................$100,324
    Noninterest-bearing ..................................... $41,601
    Interest-bearing ........................................  58,723
                                                               ------
    In foreign offices, Edge and Agreement
    subsidiaries and IBF's ..............................................88,064
    Noninterest-bearing ......................................$ 6,363
    Interest-bearing ........................................  81,701

Federal funds purchased and securities sold under agree-
ments to repurchase .....................................................35,773
Demand notes issued to the U.S. Treasury .................................  892
Trading liabilities ..................................................   33,565

Other borrowed money  (includes  mortgage  indebtedness  and  obligations  under
    capitalized leases):

    With a remaining maturity of one year or less .....................   4,434
    With a remaining maturity of more than one year
           through three years...............................................14
       With a remaining maturity of more than three years................... 97
Bank's liability on acceptances executed and outstanding................... 716
Subordinated notes and debentures ........................................5,429
Other liabilities .......................................................11,457

TOTAL LIABILITIES ......................................................280,765
                                                                        -------


                                         EQUITY CAPITAL

Perpetual preferred stock and related surplus ................................0
Common stock .............................................................1,211
Surplus  (exclude all surplus related to preferred stock)................11,016
Undivided profits and capital reserves ...................................7,333
Net unrealized holding gains (losses)
on available-for-sale securities ........................................  (951)
Accumulated net gains (losses) on cash flow hedges........... ................0
Cumulative foreign currency translation adjustments ......... ...............16

TOTAL EQUITY CAPITAL .............................................. .....18,625
                                                                         ------
TOTAL LIABILITIES AND EQUITY CAPITAL ..................................$299,390
                                                                     ==========

I, Joseph L. Sclafani,  E.V.P. & Controller of the  above-named  bank, do hereby
declare that this Report of Condition has been prepared in conformance  with the
instructions issued by the appropriate Federal regulatory  authority and is true
to the best of my knowledge and belief.

                             JOSEPH L. SCLAFANI

We, the  undersigned  directors,  attest to the  correctness  of this  Report of
Condition  and declare  that it has been  examined by us, and to the best of our
knowledge and belief has been prepared in  conformance  with the in-  structions
issued by the appropriate Federal regulatory authority and is true and correct.

                             WALTER V. SHIPLEY             )
                             WILLIAM B. HARRISON, JR.      )  DIRECTORS
                             FRANK A. BENNACK, JR.         )


<PAGE>



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission