Residential Accredit Loans, Inc.
Depositor
Residential Funding Corporation
Master Servicer
Mortgage Asset-Backed Pass-Through Certificates
Series 2000-QS9
Supplement dated August 29, 2000
to
prospectus supplement dated August 24, 2000
to
prospectus dated March 24, 1999
----------
Investors in the Class A-3, Class A-6, Class A-7 and Class A-8
Certificates should be aware that this supplement changes important statements
about your investment that are contained in the prospectus supplement dated
August 24, 2000.
(1) Investors in the Class A-3 Certificates and Class A-6 Certificates
should be aware that distributions on the Class A-3 Certificates and Class A-6
Certificates will not be made pursuant to the random lot procedures or specific
investor requests described in the attached prospectus supplement. Instead,
payments made on the Class A-3 Certificates or Class A-6 Certificates will be
paid to each holder of that class on a pro rata basis in accordance with the
certificate principal balance of each holder's certificates of that class.
Accordingly, the prospectus supplement is revised as follows:
(a) the third paragraph under "Risk Factors - Special Yield and
Prepayment Considerations - Class A-3, Class A-6, Class A-7, Class A-8
and Class A-10 Certificates," which is the first paragraph that begins
on page S-14, shall not apply to the Class A-3 Certificates and Class
A-6 Certificates;
(b) the section "Description of the Certificates - Principal
Distributions on the Retail Certificates" found on pages S-38 through
S-41 shall not apply to the Class A-3 Certificates and Class A-6
Certificates; and
(c) the second paragraph under "Certain Yield and Prepayment
Considerations - General - Retail Certificates" found on page S-51 shall
not apply to the Class A-3 Certificates and Class A-6 Certificates.
(2) Investors in the Class A-3, Class A-6, Class A-7 and Class A-8
certificates should be aware that the priority of payments of principal among
those classes has been changed from the priority described in the prospectus
supplement. Those classes will not be paid in numerical order. Instead, the
Class A-3 Certificates and Class A-8 Certificates will be paid first, on a pro
rata basis. Next, the Class A-6 Certificates and Class A-7 Certificates will be
paid on a pro rata basis. Accordingly, the twelfth paragraph under "Description
of the Certificates - Principal Distributions on the Senior Certificates" found
on pages S-33 and S-34 is revised as follows:
(a) section (a)(iii)(B)(8) should be disregarded and replaced
with the following: "eighth, to the Class A-3 Certificates and Class A-8
Certificates, on a pro rata basis (in proportion to their respective
Certificate Principal Balances), until the Certificate Principal
Balances thereof have been reduced to zero;"
(b) section (a)(iii)(B)(9) should be disregarded and replaced
with the following: "ninth, to the Class A-6 Certificates and Class A-7
Certificates, on a pro rata basis (in proportion to their respective
Certificate Principal Balances), until the Certificate Principal
Balances thereof have been reduced to zero; and"
(c) section (a)(iii)(B)(10) shall be added as follows: "tenth, to
the Lockout Certificates, until the Certificate Principal Balance
thereof has been reduced to zero."
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(3) Because the priority of payments of principal of the Class A-3,
Class A-6, Class A-7 and Class A-8 Certificates has changed from the priority
described in the prospectus supplement, the table "Percent of Initial
Certificate Principal Balance Outstanding at the Following Percentages of the
Prepayment Assumption" on pages S-53 through S-56 is revised as follows:
(a) the portions of the table relating to the Class A-3
Certificates and Class A-8 Certificates shall be deleted and replaced
with the following:
Classes A-3 and A-8
Distribution Date 0% 50% 100% 150% 200%
Initial Percentage 100% 100% 100% 100% 100%
August 25, 2001 100 100 100 100 100
August 25, 2002 100 100 100 100 100
August 25, 2003 100 100 100 100 100
August 25, 2004 100 100 100 100 100
August 25, 2005 100 100 100 100 0
August 25, 2006 100 100 100 85 0
August 25, 2007 100 100 100 0 0
August 25, 2008 100 100 100 0 0
August 25, 2009 100 100 100 0 0
August 25, 2010 100 100 100 0 0
August 25, 2011 100 100 100 0 0
August 25, 2012 100 100 99 0 0
August 25, 2013 100 100 74 0 0
August 25, 2014 100 100 52 0 0
August 25, 2015 100 100 35 0 0
August 25, 2016 100 100 20 0 0
August 25, 2017 100 100 8 0 0
August 25, 2018 100 100 0 0 0
August 25, 2019 100 100 0 0 0
August 25, 2020 100 100 0 0 0
August 25, 2021 100 100 0 0 0
August 25, 2022 100 100 0 0 0
August 25, 2023 100 100 0 0 0
August 25, 2024 100 79 0 0 0
August 25, 2025 100 54 0 0 0
August 25, 2026 100 31 0 0 0
August 25, 2027 100 9 0 0 0
August 25, 2028 100 0 0 0 0
August 25, 2029 100 0 0 0 0
August 25, 2030 0 0 0 0 0
Weighted Average 29.4 25.2 14.4 6.4 4.4
Life (in years)**
2
<PAGE>
(b) the portions of the table relating to the Class A-6
Certificates and Class A-7 Certificates shall be deleted and replaced
with the following:
Classes A-6 and A-7
Distribution Date 0% 50% 100% 150% 200%
Initial Percentage 100% 100% 100% 100% 100%
August 25, 2001 100 100 100 100 100
August 25, 2002 100 100 100 100 100
August 25, 2003 100 100 100 100 100
August 25, 2004 100 100 100 100 100
August 25, 2005 100 100 100 100 0
August 25, 2006 100 100 100 100 0
August 25, 2007 100 100 100 100 0
August 25, 2008 100 100 100 13 0
August 25, 2009 100 100 100 0 0
August 25, 2010 100 100 100 0 0
August 25, 2011 100 100 100 0 0
August 25, 2012 100 100 100 0 0
August 25, 2013 100 100 100 0 0
August 25, 2014 100 100 100 0 0
August 25, 2015 100 100 100 0 0
August 25, 2016 100 100 100 0 0
August 25, 2017 100 100 100 0 0
August 25, 2018 100 100 95 0 0
August 25, 2019 100 100 76 0 0
August 25, 2020 100 100 60 0 0
August 25, 2021 100 100 47 0 0
August 25, 2022 100 100 37 0 0
August 25, 2023 100 100 28 0 0
August 25, 2024 100 100 21 0 0
August 25, 2025 100 100 15 0 0
August 25, 2026 100 100 11 0 0
August 25, 2027 100 100 7 0 0
August 25, 2028 100 75 4 0 0
August 25, 2029 100 33 2 0 0
August 25, 2030 0 0 0 0 0
Weighted Average 29.8 28.6 21.6 7.6 4.7
Life (in years)**
3
<PAGE>
Capitalized terms used in this supplement are defined in the prospectus
supplement dated August 24, 2000, to which this supplement is attached.
This supplement may be used to offer or sell the certificates offered
hereby only if accompanied by the prospectus supplement and prospectus.
Dealers will be required to deliver a supplement, prospectus supplement
and prospectus when acting as underwriters of the certificates offered hereby
and with respect to their unsold allotments or subscriptions. In addition, all
dealers selling the Class A and Class M Certificates, whether or not
participating in this offering, may be required to deliver a supplement,
prospectus supplement and prospectus until November 27, 2000.
-------------------------------------------
Salomon Smith Barney
August 29, 2000
4
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