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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) January 19, 1999
Residential Asset Funding Corporation.
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(Exact name of registrant as specified in its charter)
North Carolina 333-64775 56-2064715
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
301 South College Street, TW-06
Charlotte, North Carolina 28202-6001
(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 5. Other Events
In connection with the offering of NovaStar Home Equity Loan
Asset Backed Bonds, Series 1999-1 described in the related Prospectus
Supplement, certain "Computational Materials" within the meanings of the May 20,
1994 Kidder, Peabody No-Action Letter and the February 17, 1995 Public
Securities Association No-Action Letter were furnished to certain prospective
investors (the "Related Computational Materials").
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibit 99.1 - Related Computational Materials (as defined in
Item 5 above).
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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 NovaStar Mortgage
Funding Trust 1999-1
Registrant
By: /s/ Shanker Merchant
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Name: Shanker Merchant
Title: Senior Vice President
Dated: January 27, 1999
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Related Computational Materials (as defined in Item 5 above).