UNITED STATES
                       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): MAY 18, 2006

RESIDENTIAL  FUNDING MORTGAGE SECURITIES II, INC. (as depositor under an Amended
and Restated  Trust  Agreement,  to be dated as of May 25, 2006, and pursuant to
which an Indenture will be entered into, providing for, inter alia, the issuance
of Home Loan-Backed Notes, Series 2006-HI2)

                RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
             (Exact name of registrant as specified in its charter)

           Delaware                    333-131196                 41-1808858
 (STATE OR OTHER JURISDICTION   (COMMISSION FILE NUMBER)        (IRS EMPLOYER
      OF INCORPORATION)                                      IDENTIFICATION NO.)

    8400 Normandale Lake Boulevard, Suite 250
              Minneapolis, Minnesota                              55437
     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)                    (ZIP CODE)

                                 (952) 857-7000
             (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE )


                                       N/A
             (FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communication  pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



<PAGE>




                    INFORMATION TO BE INCLUDED IN THE REPORT

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 (C). EXHIBITS.


        (c)    Exhibits:  The following execution copies of Exhibits to the Form
               S-3 Registration Statement of the Registrant are hereby filed.

                      25.1   Form T-1 Statement of Eligibility of JPMorgan Chase
                             Bank,  N.A. under the Trust  Indenture Act of 1939,
                             as  amended.  (Certain  exhibits  to  Form  T-1 are
                             incorporated by reference to Exhibit 25.1)





<PAGE>


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                              RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.



                              By:/s/ Tim Jacobson
                              Name:  Tim Jacobson
                              Title: Vice President




Dated:  May 18, 2006




<PAGE>

                                  EXHIBIT INDEX


Exhibit No.           Description

25.1 Form T-1 Statement of Eligibility  of JPMorgan  Chase Bank,  N.A. under the
     Trust Indenture Act of 1939, as amended  (certain  exhibits to Form T-1 are
     incorporated by reference to Exhibit 25).
[{"type": "8-K", "sequence": "1", "filename": "hi28kt1.txt", "secsgml_size_bytes": 3529}]
{"company-data": {"conformed-name": "Home Loan Trust 2006-HI2", "cik": "0001362476", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-131196-01", "film-number": "06851726"}, "business-address": {"street1": "8400 NORMANDALE LAKE BLVD", "street2": "SUITE 600", "city": "MINNEAPOLIS", "state": "MN", "zip": "55437", "phone": "9528327000"}, "mail-address": {"street1": "8400 NORMANDALE LAKE BLVD", "city": "MINNEAPOLIS", "state": "MN", "zip": "55437"}}
UNITED STATES
                       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): MAY 18, 2006

RESIDENTIAL  FUNDING MORTGAGE SECURITIES II, INC. (as depositor under an Amended
and Restated  Trust  Agreement,  to be dated as of May 25, 2006, and pursuant to
which an Indenture will be entered into, providing for, inter alia, the issuance
of Home Loan-Backed Notes, Series 2006-HI2)

                RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
             (Exact name of registrant as specified in its charter)

           Delaware                    333-131196                 41-1808858
 (STATE OR OTHER JURISDICTION   (COMMISSION FILE NUMBER)        (IRS EMPLOYER
      OF INCORPORATION)                                      IDENTIFICATION NO.)

    8400 Normandale Lake Boulevard, Suite 250
              Minneapolis, Minnesota                              55437
     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)                    (ZIP CODE)

                                 (952) 857-7000
             (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE )

                                       N/A
             (FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communication  pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 (C). EXHIBITS.

        (c)    Exhibits:  The following execution copies of Exhibits to the Form
               S-3 Registration Statement of the Registrant are hereby filed.

                      25.1   Form T-1 Statement of Eligibility of JPMorgan Chase
                             Bank,  N.A. under the Trust  Indenture Act of 1939,
                             as  amended.  (Certain  exhibits  to  Form  T-1 are
                             incorporated by reference to Exhibit 25.1)
SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                              RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.

                              By:/s/ Tim Jacobson
                              Name:  Tim Jacobson
                              Title: Vice President

Dated:  May 18, 2006
EXHIBIT INDEX

Exhibit No.           Description

25.1 Form T-1 Statement of Eligibility  of JPMorgan  Chase Bank,  N.A. under the
     Trust Indenture Act of 1939, as amended  (certain  exhibits to Form T-1 are
     incorporated by reference to Exhibit 25).