RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K, 2000-09-08
ASSET-BACKED SECURITIES
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                                      -1-

                       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 7, 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







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                                       -2-

Item 5.           Other Events.


                  On or about  September  28, 2000,  the  Registrant  expects to
         cause the issuance and sale of Home Loan Backed Notes,  Series 2000-HI4
         (the "Notes")  pursuant to an Indenture to be dated as of September 28,
         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-HI4
         Notes, the Registrant has been advised by Bear Stearns & Company, Inc.,
         Credit  Suisse  First  Boston  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.


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                                       -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: September 7, 2000





<PAGE>


                                       -5-

EXHIBIT INDEX


              Item 601 (a) of          Sequentially
Exhibit       Regulation S-K           Numbered
Number        Exhibit No.              Description               Format
-------       -----------              ------------------        ------
1              99                      Collateral Term           Electronically
                                       Sheets




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                                       -6-
                                    EXHIBIT 1

                             (Intentionally Omitted)


<PAGE>





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