UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, STATED.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) August 3, 2006

                        COMMISSION FILE NUMBER OF ISSUING
                              ENTITY: 333-131211-06

                           RAMP SERIES 2006-RZ3 TRUST
            ________________________________________________________
                          (EXACT NAME OF ISSUING ENTITY)

                            COMMISSION FILE NUMBER OF
                              DEPOSITOR: 333-131211

                  RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.
              (EXACT NAME OF DEPOSITOR AS SPECIFIED IN ITS CHARTER)

                         RESIDENTIAL FUNDING CORPORATION
            ________________________________________________________
                (EXACT NAME OF SPONSOR AS SPECIFIED IN ITS CHARTER)

                   DELAWARE                                  None
        (STATE OR OTHER JURISDICTION                  (I.R.S. EMPLOYER
            OF INCORPORATION)                        IDENTIFICATION NO.)

       8400 Normandale Lake Blvd., Suite 250, Minneapolis, MN     55437
           (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)            (ZIP CODE)

        Registrant's telephone number, including area code (952) 857-7000

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

                         Exhibit Index located on Page 2



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 communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

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

[ ] 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>




Item 8.01.  Other Events.

        On August 3,  2006,  Residential  Asset  Mortgage  Products,  Inc.  (the
"Registrant"),  as depositor for the RAMP Series  2006-RZ3  Trust (the "Trust"),
issued  Mortgage  Asset-Backed  Pass-Through   Certificates,   Series  2006-RZ3,
including the following classes offered pursuant to a Registration  Statement on
Form S-3 (File No.  333-131211)  filed by the Registrant with the Securities and
Exchange  Commission:  Class A-1,  Class A-2,  Class A-3,  Class M-1, Class M-2,
Class M-3,  Class M-4,  Class M-5,  Class M-6,  Class M-7, Class M-8, Class M-9,
Class R-I, Class R-II and Class SB (the "Certificates").

        Copies of the opinions of Mayer,  Brown,  Rowe & Maw LLP with respect to
legality of the  Certificates  and with respect to certain  federal tax matters,
together  with  related  consents  of  Mayer,  Brown,  Rowe  & Maw  LLP  to  the
incorporation  by  reference  of such  opinions as exhibits to the  Registration
Statement, are filed as Exhibits to this Report.


Item 9.01.  Financial Statements, Pro Forma Financial Information and Exhibits.

               (a) Not applicable

               (b) Not applicable

               (c) Exhibits: The following are filed as Exhibits to this Report:


Exhibit
Number

5.1  Opinion of Mayer, Brown, Rowe & Maw LLP with respect to legality.

8.1  Opinion  of  Mayer,  Brown,  Rowe & Maw LLP with  respect  to  certain  tax
     matters.

23.1 Consent of Mayer,  Brown,  Rowe & Maw LLP  (included  in  opinion  filed as
     Exhibit 5.1).

23.2 Consent of Mayer,  Brown,  Rowe & Maw LLP  (included  in  opinion  filed as
     Exhibit 8.1).



<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 thereunto duly authorized.

                                    RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.

                                    AS DEPOSITOR FOR THE TRUST


                                    By:        /s/ Christopher Martinez
                                       Name:   Christopher Martinez
                                       Title:  Vice President


Dated:  August 3, 2006


<PAGE>


EXHIBIT 5.1

Opinion of Mayer, Brown, Rowe & Maw LLP with respect to legality.

EXHIBIT 8.1

Opinion of Mayer, Brown, Rowe & Maw LLP with respect to certain tax matters.

EXHIBIT 23.1

Consent of Mayer,  Brown,  Rowe & Maw LLP  (included in opinion filed as Exhibit
5.1).

EXHIBIT 23.2

Consent of Mayer,  Brown,  Rowe & Maw LLP  (included in opinion filed as Exhibit
8.1).
[{"type": "8-K", "sequence": "1", "filename": "rz38kopin.txt", "secsgml_size_bytes": 4980}]
{"company-data": {"conformed-name": "RAMP Series 2006-RZ3 Trust", "cik": "0001370175", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-131211-06", "film-number": "061000319"}, "business-address": {"street1": "8400 NORMANDALE LAKE BLVD", "street2": "SUITE 600", "city": "MINNEAPOLIS", "state": "MN", "zip": "55437", "phone": "952 857-7000"}, "mail-address": {"street1": "8400 NORMANDALE LAKE BLVD SUITE 600", "city": "MINNEAPOLIS", "state": "MN", "zip": "55437"}}
UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, STATED.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) August 3, 2006

                        COMMISSION FILE NUMBER OF ISSUING
                              ENTITY: 333-131211-06

                           RAMP SERIES 2006-RZ3 TRUST
            ________________________________________________________
                          (EXACT NAME OF ISSUING ENTITY)

                            COMMISSION FILE NUMBER OF
                              DEPOSITOR: 333-131211

                  RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.
              (EXACT NAME OF DEPOSITOR AS SPECIFIED IN ITS CHARTER)

                         RESIDENTIAL FUNDING CORPORATION
            ________________________________________________________
                (EXACT NAME OF SPONSOR AS SPECIFIED IN ITS CHARTER)

                   DELAWARE                                  None
        (STATE OR OTHER JURISDICTION                  (I.R.S. EMPLOYER
            OF INCORPORATION)                        IDENTIFICATION NO.)

       8400 Normandale Lake Blvd., Suite 250, Minneapolis, MN     55437
           (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)            (ZIP CODE)

        Registrant's telephone number, including area code (952) 857-7000

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

                         Exhibit Index located on Page 2

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 communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

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

[ ] 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))
Item 8.01.  Other Events.

        On August 3,  2006,  Residential  Asset  Mortgage  Products,  Inc.  (the
"Registrant"),  as depositor for the RAMP Series  2006-RZ3  Trust (the "Trust"),
issued  Mortgage  Asset-Backed  Pass-Through   Certificates,   Series  2006-RZ3,
including the following classes offered pursuant to a Registration  Statement on
Form S-3 (File No.  333-131211)  filed by the Registrant with the Securities and
Exchange  Commission:  Class A-1,  Class A-2,  Class A-3,  Class M-1, Class M-2,
Class M-3,  Class M-4,  Class M-5,  Class M-6,  Class M-7, Class M-8, Class M-9,
Class R-I, Class R-II and Class SB (the "Certificates").

        Copies of the opinions of Mayer,  Brown,  Rowe & Maw LLP with respect to
legality of the  Certificates  and with respect to certain  federal tax matters,
together  with  related  consents  of  Mayer,  Brown,  Rowe  & Maw  LLP  to  the
incorporation  by  reference  of such  opinions as exhibits to the  Registration
Statement, are filed as Exhibits to this Report.

Item 9.01.  Financial Statements, Pro Forma Financial Information and Exhibits.

               (a) Not applicable

               (b) Not applicable

               (c) Exhibits: The following are filed as Exhibits to this Report:

Exhibit
Number

5.1  Opinion of Mayer, Brown, Rowe & Maw LLP with respect to legality.

8.1  Opinion  of  Mayer,  Brown,  Rowe & Maw LLP with  respect  to  certain  tax
     matters.

23.1 Consent of Mayer,  Brown,  Rowe & Maw LLP  (included  in  opinion  filed as
     Exhibit 5.1).

23.2 Consent of Mayer,  Brown,  Rowe & Maw LLP  (included  in  opinion  filed as
     Exhibit 8.1).
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 thereunto duly authorized.

                                    RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.

                                    AS DEPOSITOR FOR THE TRUST

                                    By:        /s/ Christopher Martinez
                                       Name:   Christopher Martinez
                                       Title:  Vice President

Dated:  August 3, 2006
EXHIBIT 5.1

Opinion of Mayer, Brown, Rowe & Maw LLP with respect to legality.

EXHIBIT 8.1

Opinion of Mayer, Brown, Rowe & Maw LLP with respect to certain tax matters.

EXHIBIT 23.1

Consent of Mayer,  Brown,  Rowe & Maw LLP  (included in opinion filed as Exhibit
5.1).

EXHIBIT 23.2

Consent of Mayer,  Brown,  Rowe & Maw LLP  (included in opinion filed as Exhibit
8.1).