RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K, 2000-12-06
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: December 4, 2000
(Date of earliest event reported)



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


Delaware                         333-36244                    41-1955181
--------                         ---------                    ----------
(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:(952) 832-7000
                                 --------------



<PAGE>


                                            -2-

Item 5.        Other Events.


               On or about December 21, 2000,  the  Registrant  expects to cause
          the issuance and sale of Home Loan Backed Notes,  Series 2000-HI5 (the
          "Notes") pursuant to an Indenture to be dated as of December 21, 2000,
          between Home Loan Trust,  as Issuer and The Chase  Manhattan  Bank, as
          Indenture Trustee.

               In  connection  with the  expected  sale of the  Series  2000-HI5
        Notes, the Registrant has been advised by Bear Stearns & Company,  Inc.,
        Salomon Smith Barney and Residential Funding Securities Corporation (the
        "Underwriters"),  that the  Underwriters  have  furnished to prospective
        investors certain collateral  information with respect to the home loans
        (the "Home Loans")  underlying  the proposed  offering of the Notes (the
        "Notes"), which Collateral Term Sheets are being filed electronically as
        exhibits to this report.

               The   Collateral   Term   Sheets   have  been   provided  by  the
        Underwriters.   The   information  in  the  Collateral  Term  Sheets  is
        preliminary  and will be superseded by the  Description of the Home Loan
        Pool contained in the Prospectus Supplement relating to the Notes and by
        any  other  information  subsequently  filed  with  the  Securities  and
        Exchange Commission.

               The Collateral  Term Sheets were prepared by the  Underwriters at
        the request of certain prospective investors. The Collateral Term Sheets
        may be based on information  that differs from the information set forth
        in the Prospectus Supplement.

               In addition,  the actual  characteristics  and performance of the
        Home Loans underlying the Notes may differ from the information provided
        in the Collateral Term Sheets,  which were provided to certain investors
        only to give a sense of the underlying  collateral which will affect the
        maturity, interest rate sensitivity and cash flow characteristics of the
        Notes.  Any  difference  between  the  collateral   information  in  the
        Collateral Term Sheets and the actual  characteristics 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>


                                            -3-


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             Collateral Term Sheets



<PAGE>


                                            -4-

        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: December 4, 2000



<PAGE>


                                            -6-

EXHIBIT INDEX


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


1                    99                 Collateral Term          Electronically
                                         Sheets


<PAGE>


                                            -7-



                                          EXHIBIT 1



<PAGE>



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