RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K, 2000-03-23
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: March 22, 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 5. Other Events.
        ------------

               On March 29,  2000,  the  Registrant  will cause the issuance and
        sale of  $451,710,000.00  initial  principal  amount of Home Loan-Backed
        Notes,  Series  2000-HI2,  (the "Notes")  pursuant to an Indenture to be
        dated as of March 29, 2000, between Home Loan Trust 2000-HI2,  as issuer
        and The Chase Manhattan Bank, as Indenture Trustee.

               In connection  with the sale of the Notes by Bear,  Stearns & Co.
        Inc. and PaineWebber  Incorporated (the "Underwriters"),  the Registrant
        has been advised 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 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
        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  the actual  yield,  average
        life,  duration,  expected maturity,  interest rate sensitivity and cash
        flow characteristics of the Notes.

<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

                           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: March 22, 2000


<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: March 22, 2000


<PAGE>




                                  EXHIBIT INDEX

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

        1               99               Computational           Filed
                                            Materials           Manually


<PAGE>




                                     EXHIBIT

                             (Intentionally Omitted)

<PAGE>




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