RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K, 2000-07-12
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 (Date of earliest event reported) June 28, 2000

RESIDENTIAL  FUNDING MORTGAGE SECURITIES II, INC. (as depositor under an Amended
and Restated Trust  Agreement,  dated as of June 28, 2000, and pursuant to which
an Indenture was entered into,  providing  for, inter alia, the issuance of Home
Loan-Backed Notes, Series 2000-HI3)


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

DELAWARE                            333-36244             41-1808858
---------------                     ---------             ----------
(State or Other Jurisdiction        (Commission           (I.R.S. Employer
of Incorporation)                   File Number)          Identification No.)


 8400 Normandale Lake Blvd.
 Suite 600
 Minneapolis, Minnesota                            55437
 ----------------------                            -----
 (Address of Principal                             (Zip Code)
 Executive Offices)


Registrant's telephone number, including area code, is (612) 832-7000



<PAGE>





Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

               (a)    Not applicable

               (b)    Not applicable

               (c)    Exhibits:

     4.3 Servicing Agreement dated as of June 28, 2000 among Residential Funding
Corporation, as master servicer, The Chase Manhattan Bank, as indenture trustee,
and the Home Loan Trust 2000-HI3, as issuer.

     4.4 Amended and Restated Trust  Agreement dated as of June 28, 2000 between
Residential  Funding  Mortgage  Securities II, Inc., as depositor and Wilmington
Trust Company, as owner trustee.

     4.5 Indenture  dated as of June 28, 2000 between Home Loan Trust  2000-HI3,
as issuer and The Chase  Manhattan  Bank, as indenture  trustee,  and Appendix A
thereto.

     10.1 Home Loan Purchase  Agreement  dated as of June 1, 2000 by Residential
Funding  Mortgage  Securities  II, Inc.,  as purchaser and  Residential  Funding
Corporation, as seller.


<PAGE>


                                   SIGNATURES

               Pursuant to the  requirements  of the Securities  Exchange Act of
1934,  the  registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                            RESIDENTIAL FUNDING MORTGAGE
                                            SECURITIES II, INC.


                                            By:     /s/ Lisa Lundsten
                                            Name:   Lisa Lundsten
                                            Title:  Vice President


Dated: July 11, 2000




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