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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) March 10, 2000
Residential Asset Funding Corporation
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(Exact name of registrant as specified in its charter)
North Carolina 333-81721 56-2064715
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(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
301 South College Street
Charlotte, North Carolina 28288-0610
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (704) 374-4868
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No Change
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
Description of the Certificates and the Mortgage Loans
Residential Asset Funding Corporation registered issuances of
up to $500,000,000 principal amount of Asset Backed Certificates on a delayed or
continuous basis pursuant to Rule 415 under the Securities Act of 1933, as
amended (the "Act"), by the Registration Statement on Form S-3 (Registration
File No. 333-81721) (the "Registration Statement"). Pursuant to the Registration
Statement, Home Loan Trust 2000-1 (the "Issuer") issued $55,274,000 in aggregate
principal amount of its Asset Backed Certificates, Class A-1 and Class A-2,
Series 2000-1 (the "Certificates"), on March 14, 2000. This Current Report on
Form 8-K is being filed to satisfy an undertaking to file copies of certain
agreements executed in connection with the issuance of the Certificates.
The Certificates were issued pursuant to a Pooling and
Servicing Agreement (the "Agreement") attached hereto as Exhibit 4.1, dated as
of February 29, 2000, among Residential Asset Funding Corporation, as depositor
(the "Depositor") Bankers Trust Company of California, N.A., as trustee (the
"Trustee"), and Home Loan and Investment Bank, F.S.B. as Master Servicer. The
Certificates represent beneficial ownership interests in a pool of mortgage
loans and certain related property.
As of March 10, 2000, the Mortgage Loans possessed the
characteristics described in the Prospectus dated September 9, 1999 and the
Prospectus Supplement dated March 10, 2000 filed pursuant to Rule 424(b)(2) of
the Act on March 15, 2000.
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Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibit 1.1. Underwriting Agreement, dated March 10, 2000,
between Residential Asset Funding Corporation and First Union
Securities, Inc.
Exhibit 4.1. Pooling And Servicing Agreement, dated as of
February 29, 2000, among Residential Asset Funding
Corporation, as Depositor, Home Loan and Investment Bank,
F.S.B., as Master Servicer, and Bankers Trust Company of
California, N.A., as Trustee
Exhibit 4.2. Unaffiliated Seller's Agreement, dated as of
February 29, 2000, between Residential Asset Funding
Corporation and Home Loan and Investment Bank, F.S.B.
Exhibit 8.1. Opinion of Dewey Ballantine LLP regarding tax
matters, dated March 14, 2000.
Exhibit 23.1. Consent of PricewaterhouseCoopers regarding
consolidated financial statements of Financial Security
Assurance Inc. and Subsidiaries.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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 ASSET FUNDING CORPORATION,
as Depositor and on behalf of Home Loan
Trust 2000-1
Registrant
By: /s/ Shanker Merchant
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Name: Shanker Merchant
Title:Senior Vice President
Dated: March 21, 2000
EXHIBIT INDEX
Exhibit No. Description
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Exhibit 1.1. Underwriting Agreement, dated March 10, 2000, between
Residential Asset Funding Corporation and First Union
Securities, Inc.
Exhibit 4.1. Pooling And Servicing Agreement, dated as of February
29, 2000, among Residential Asset Funding Corporation,
as Depositor, Home Loan and Investment Bank, F.S.B.,
as Master Servicer, and Bankers Trust Company of
California, N.A., as Trustee
Exhibit 4.2. Unaffiliated Seller's Agreement, dated as of February
29, 2000 between Residential Asset Funding Corporation
and Home Loan and Investment Bank, F.S.B. Exhibit 4.2
Exhibit 8.1. Opinion of Dewey Ballantine LLP regarding tax matters,
dated March 14, 2000.
Exhibit 23.1. Consent of PricewaterhouseCoopers regarding
consolidated financial statements of Financial
Security Assurance Inc. and Subsidiaries.