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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: January 24, 2000
(Date of earliest event reported)
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 333-72661 51-0368240
(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
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ITEM 5. OTHER EVENTS.
On January 31, 2000 the Registrant will cause the issuance and
sale of approximately $218,178,038.17 initial principal amount of
Mortgage Asset-Backed Pass-Through Certificates, Series 2000-QS1, Class
CB, Class NB-1, Class NB-2, Class NB-3, Class R, Class A-P, Class A-V,
Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3
(the "Certificates") pursuant to a Pooling and Servicing Agreement to
be dated as of January 1, 2000, among the Registrant, Residential
Funding Corporation, as Master Servicer, and Bankers Trust Company, as
Trustee.
In connection with the expected sale of the Series 2000-QS1,
Class CB, Class NB-1, Class NB-2, Class NB-3 and Class R Certificates,
other than a de minimis portion of the Class R Certificates, (the
"Underwritten Certificates") to Credit Suisse First Boston (the
"Underwriter"), the Registrant has been advised by the Underwriter that
the Underwriter has furnished to prospective investors certain yield
tables and other computational materials (the "Computational
Materials") with respect to the Underwritten Certificates following the
effective date of Registration Statement No. 333-72661, which
Computational Materials are being filed manually as exhibits to this
report.
The Computational Materials have been provided by the
Underwriter. 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preliminary and may be superseded by the Prospectus Supplement relating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 (the
"Computational Materials") THAT APPEAR AFTER THE FORM SE COVER SHEET
AND THE PAGE HEADED "NOTICE". THE UNDERWRITER HAS 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 Underwriter
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
mortgage loans underlying the Underwritten Certificates (the "Mortgage
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,
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average life, duration, expected maturity, interest rate sensitivity
and cash flow characteristics of a particular class of Underwritten
Certificates might vary under varying prepayment and other scenarios.
Any difference between such assumptions and the actual characteristics
and performance of the Mortgage Loans will affect the actual yield,
average life, duration, expected maturity, interest rate sensitivity
and cash flow characteristics of a particular class of Underwritten
Certificates.
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
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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 ACCREDIT LOANS, INC.
BY:
Name: Timothy G. Pillar
Title: Vice President
Dated: January 24, 2000
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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 ACCREDIT LOANS, INC.
BY: /S/TIMOTHY G.PILLAR
Name: Timothy G. Pillar
Title: Vice President
Dated: January 24, 2000
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EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
NUMBER EXHIBIT NO. DESCRIPTION PAGE
1 99 Computational Materials Filed Manually
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EXHIBIT
(Filed Manually)
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