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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) November 22, 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   (Commission File Number)    (I.R.S. Employer
       Incorporation)                                       Identification No.)

         301 South College Street, TW-06
            Charlotte, North Carolina                             28202-6001
            -------------------------                             ----------
     (Address of Principal Executive                              (Zip Code)
               Offices)

        Registrant's telephone number, including area code (704) 374-4868
                                                           ---------------------

                                    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 RBMG Funding Co. Mortgage
Loan Trust 1999-2, Asset Backed Notes, Series 1999-2 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  Sponsor  and on behalf of RBMG  Funding Co.
                              Mortgage  Loan Trust 1999-2

                              Registrant



                              By: /s/Shanker Merchant
                                  -------------------
                                  Name:   Shanker Merchant
                                  Title:  Managing Director




Dated:  November 22, 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).