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) August 3, 2006

                   RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.,

                       on behalf of RAMP Series-RZ3 Trust
             (Exact name of registrant as specified in its charter)


             DELAWARE               333-131211-06          41-1955181
 (State of Other Jurisdiction of    (Commission        (I.R.S. Employer
          Incorporation)            File Number)      Identification No.)



      8400 Normandale Lake Blvd.                             55437
            Suite 250                                     (Zip Code)
     Minneapolis, Minnesota
 (Address of Principal Executive Offices)



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

<PAGE>



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 (see General Instruction A.2. below):

[ ] 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>


SECTION 8--OTHER EVENTS

Item 8.01.     Other Events.

           On August 3, 2006,  the  Registrant  caused the  issuance and sale of
Mortgage Asset-Backed  Pass-Through  Certificates,  Series 2006-RZ3,  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 SB, Class R-I and Class R-II
Certificates (the "Certificates")  pursuant to a Pooling and Servicing Agreement
dated as of July 1, 2006, among the Registrant, Residential Funding Corporation,
as Master Servicer and JPMorgan Chase Bank, N.A., as Trustee. The mortgage loans
were sold to Residential Asset Mortgage Products, Inc. pursuant to an Assignment
and Assumption Agreement, dated as of August 3, 2006 between Residential Funding
Corporation and Residential Asset Mortgage Products, Inc.

SECTION 9--FINANCIAL STATEMENT AND EXHIBITS

Item 9.01(d).  Exhibits
               (a) Not applicable (b) Not applicable (c) Exhibits:

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

10.1 Pooling  and  Servicing  Agreement,   dated  as  of  July  1,  2006,  among
     Residential  Asset  Mortgage  Products,  Inc.,  as  depositor,  Residential
     Funding Corporation,  as master servicer, and JPMorgan Chase Bank, N.A., as
     trustee.


10.2 Assignment and Assumption  Agreement,  dated as of August 3, 2006,  between
     Residential  Asset  Mortgage   Products,   Inc.  and  Residential   Funding
     Corporation.


10.3 Confirmation,  dated as of August 3, 2006,  between  Deutsche  Bank AG, New
     York Branch.  and JPMorgan  Chase Bank,  N.A.,  as trustee on behalf of the
     RAMP Series 2006-RZ3 Trust.


99.1 Mortgage Loan Schedule

<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.


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


Dated:  August 17, 2006



<PAGE>





                                  EXHIBIT INDEX

Exhibit No.        Description

10.1 Pooling  and  Servicing  Agreement,   dated  as  of  July  1,  2006,  among
     Residential  Asset  Mortgage  Products,  Inc.,  as  depositor,  Residential
     Funding Corporation,  as master servicer, and JPMorgan Chase Bank, N.A., as
     trustee.

10.2 Assignment and Assumption  Agreement,  dated as of August 3, 2006,  between
     Residential  Asset  Mortgage   Products,   Inc.  and  Residential   Funding
     Corporation.

10.3 Confirmation,  dated as of August 3, 2006,  between  Deutsche  Bank AG, New
     York Branch and JPMorgan Chase Bank, N.A., as trustee on behalf of the RAMP
     Series 2006-RZ3 Trust.

99.1 Mortgage Loan Schedule
[{"type": "8-K", "sequence": "1", "filename": "rz38kpsa.txt", "secsgml_size_bytes": 4831}]
{"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": "061037706"}, "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, 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) August 3, 2006

                   RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.,

                       on behalf of RAMP Series-RZ3 Trust
             (Exact name of registrant as specified in its charter)

             DELAWARE               333-131211-06          41-1955181
 (State of Other Jurisdiction of    (Commission        (I.R.S. Employer
          Incorporation)            File Number)      Identification No.)

      8400 Normandale Lake Blvd.                             55437
            Suite 250                                     (Zip Code)
     Minneapolis, Minnesota
 (Address of Principal Executive Offices)

Registrant's telephone number, including area code, is (952) 857-7000
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 (see General Instruction A.2. below):

[ ] 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))
SECTION 8--OTHER EVENTS

Item 8.01.     Other Events.

           On August 3, 2006,  the  Registrant  caused the  issuance and sale of
Mortgage Asset-Backed  Pass-Through  Certificates,  Series 2006-RZ3,  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 SB, Class R-I and Class R-II
Certificates (the "Certificates")  pursuant to a Pooling and Servicing Agreement
dated as of July 1, 2006, among the Registrant, Residential Funding Corporation,
as Master Servicer and JPMorgan Chase Bank, N.A., as Trustee. The mortgage loans
were sold to Residential Asset Mortgage Products, Inc. pursuant to an Assignment
and Assumption Agreement, dated as of August 3, 2006 between Residential Funding
Corporation and Residential Asset Mortgage Products, Inc.

SECTION 9--FINANCIAL STATEMENT AND EXHIBITS

Item 9.01(d).  Exhibits
               (a) Not applicable (b) Not applicable (c) Exhibits:

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

10.1 Pooling  and  Servicing  Agreement,   dated  as  of  July  1,  2006,  among
     Residential  Asset  Mortgage  Products,  Inc.,  as  depositor,  Residential
     Funding Corporation,  as master servicer, and JPMorgan Chase Bank, N.A., as
     trustee.

10.2 Assignment and Assumption  Agreement,  dated as of August 3, 2006,  between
     Residential  Asset  Mortgage   Products,   Inc.  and  Residential   Funding
     Corporation.

10.3 Confirmation,  dated as of August 3, 2006,  between  Deutsche  Bank AG, New
     York Branch.  and JPMorgan  Chase Bank,  N.A.,  as trustee on behalf of the
     RAMP Series 2006-RZ3 Trust.

99.1 Mortgage Loan Schedule
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.

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

Dated:  August 17, 2006
EXHIBIT INDEX

Exhibit No.        Description

10.1 Pooling  and  Servicing  Agreement,   dated  as  of  July  1,  2006,  among
     Residential  Asset  Mortgage  Products,  Inc.,  as  depositor,  Residential
     Funding Corporation,  as master servicer, and JPMorgan Chase Bank, N.A., as
     trustee.

10.2 Assignment and Assumption  Agreement,  dated as of August 3, 2006,  between
     Residential  Asset  Mortgage   Products,   Inc.  and  Residential   Funding
     Corporation.

10.3 Confirmation,  dated as of August 3, 2006,  between  Deutsche  Bank AG, New
     York Branch and JPMorgan Chase Bank, N.A., as trustee on behalf of the RAMP
     Series 2006-RZ3 Trust.

99.1 Mortgage Loan Schedule