-------------------------------------------------------------------------------


                       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) September 17, 2001


                      Residential Asset Funding Corporation
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         North Carolina              333-81721                 56-2064715
-------------------------------   ----------------         -------------------
(State or Other Jurisdiction of   (Commission File          (I.R.S. Employer
          Incorporation)               Number)             Identification No.)


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


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

                                    No Change
-------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)



-------------------------------------------------------------------------------

<PAGE>



                  Item 2.           Acquisition or Disposition of Assets


                  Description of the Certificates and the Mortgage Loans


                  Residential Asset Funding Corporation registered issuances of
up to $1,500,000,000 principal amount of Asset-Backed Certificates on a delayed
or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as
amended (the "Act"), by the Registration Statement on Form S-3 (Registration
File No. 333-81721) (the "Registration Statement"). Pursuant to the Registration
Statement, C-BASS Mortgage Loan Asset-Backed Certificates, Series 2001-CB3 (the
"Issuer") issued $306,234,000 in aggregate principal amount of its Asset-Backed
Certificates, Class A-IO, Class A-1A, Class M-1, Class M-2, Class B-1 and Class
B-2 (the "Certificates"), on September 6, 2001. This Current Report on Form 8-K
is being filed to satisfy an undertaking to file copies of certain agreements
executed in connection with the issuance of the Certificates.


                  The Certificates were issued pursuant to a Pooling and
Servicing Agreement (the "Agreement") attached hereto as Exhibit 4.1, dated as
of August 1, 2001, among Residential Asset Funding Corporation, as depositor
(the "Depositor"), The Chase Manhattan Bank, as trustee (the "Trustee"), Litton
Loan Servicing LP, as servicer (the "Servicer"), and Credit-Based Asset
Servicing and Securitization LLC, as seller (the "Seller"). The Certificates
represent beneficial ownership interests in a pool of mortgage loans and certain
related property.


                  As of August 1, 2001, the Mortgage Loans possessed the
characteristics described in the Prospectus dated September 9, 1999 and the
Prospectus Supplement dated September 6, 2001 filed pursuant to Rule 424(b)(5)
of the Act on September 19, 2001.


                                       1

<PAGE>



         Item 7.     Financial Statements, Pro Forma Financial Information and
                     Exhibits.

         (a)      Not applicable


         (b)      Not applicable

         (c)      Exhibit 1.1.  Underwriting Agreement, dated September 6, 2001,
                  between Residential Asset Funding Corporation and First Union
                  Securities, Inc.

                  Exhibit 4.1. Pooling and Servicing Agreement, dated as of
                  August 1, 2001, among Residential Asset Funding Corporation,
                  as Depositor, Litton Loan Servicing LP., as Servicer, The
                  Chase Manhattan Bank, as Trustee, and Credit-Based Asset
                  Servicing and Securitization LLC, as Seller.

                  Exhibit 8.1. Opinion of Dewey Ballantine LLP regarding tax
                  matters, dated September 17, 2001.

                  Exhibit 10.1. Mortgage Loan Purchase Agreement, dated as of
                  August 1, 2001, between Credit-Based Asset Servicing and
                  Securitization LLC, as Seller and Residential Asset Funding
                  Corporation, as Purchaser.


                                       2

<PAGE>



                                   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 2000-CB4 Trust

                                  Registrant



                                  By: /s/ Robert J. Perret
                                     --------------------------------------
                                  Name:   Robert J. Perret
                                  Title:  Director




Dated:  September 17, 2001





                                       3


<PAGE>


                                  EXHIBIT INDEX

<TABLE>
<CAPTION>

Exhibit No.      Description
-----------     -----------
<S>             <C>
Exhibit 1.1.    Underwriting Agreement, dated September 6, 2001, between
                Residential Asset Funding Corporation and First Union Securities, Inc.


Exhibit 4.1.    Pooling and Servicing Agreement, dated as of August 1, 2001,
                among Residential Asset Funding Corporation, as Depositor,
                Litton Loan Servicing LP., as Servicer, The Chase Manhattan Bank,
                as Trustee, and Credit-Based Asset Servicing and Securitization LLC, as Seller.

Exhibit 8.1.    Opinion of Dewey Ballantine LLP regarding tax matters, dated
                September 17, 2001.

Exhibit 10.1.   Mortgage Loan Purchase Agreement, dated as of August 1, 2001, between
                Credit-Based Asset Servicing and Securitization LLC, as Seller and
                Residential Asset Funding Corporation, as Purchaser.
</TABLE>
[{"type": "8-K", "sequence": "1", "filename": "form8-k.txt", "description": "FORM 8-K", "secsgml_size_bytes": 6660}]
{"company-data": {"conformed-name": "RESIDENTIAL ASSET FUNDING CORP", "cik": "0001053158", "assigned-sic": "6189", "irs-number": "562064715", "state-of-incorporation": "NC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-64775", "film-number": "1750682"}, "business-address": {"street1": "C/O FIRST UNION NATIONAL BANK", "street2": "230 SOUTH TRYON STREET 9TH FLOOR", "city": "CHARLOTTE", "state": "NC", "zip": "28288-1179", "phone": "7043744868"}, "mail-address": {"street1": "301 SOUTH COLLEGE ST DC-06", "city": "CHARLOTTE", "state": "NC", "zip": "28202-6001"}, "former-company": {"former-conformed-name": "HOME EQUITY SECURITIZATION CORP", "date-changed": "19980116"}}
-------------------------------------------------------------------------------

                       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) September 17, 2001

                      Residential Asset Funding Corporation
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         North Carolina              333-81721                 56-2064715
-------------------------------   ----------------         -------------------
(State or Other Jurisdiction of   (Commission File          (I.R.S. Employer
          Incorporation)               Number)             Identification No.)

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

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

                                    No Change
-------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

-------------------------------------------------------------------------------
Item 2.           Acquisition or Disposition of Assets

                  Description of the Certificates and the Mortgage Loans

                  Residential Asset Funding Corporation registered issuances of
up to $1,500,000,000 principal amount of Asset-Backed Certificates on a delayed
or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as
amended (the "Act"), by the Registration Statement on Form S-3 (Registration
File No. 333-81721) (the "Registration Statement"). Pursuant to the Registration
Statement, C-BASS Mortgage Loan Asset-Backed Certificates, Series 2001-CB3 (the
"Issuer") issued $306,234,000 in aggregate principal amount of its Asset-Backed
Certificates, Class A-IO, Class A-1A, Class M-1, Class M-2, Class B-1 and Class
B-2 (the "Certificates"), on September 6, 2001. This Current Report on Form 8-K
is being filed to satisfy an undertaking to file copies of certain agreements
executed in connection with the issuance of the Certificates.

                  The Certificates were issued pursuant to a Pooling and
Servicing Agreement (the "Agreement") attached hereto as Exhibit 4.1, dated as
of August 1, 2001, among Residential Asset Funding Corporation, as depositor
(the "Depositor"), The Chase Manhattan Bank, as trustee (the "Trustee"), Litton
Loan Servicing LP, as servicer (the "Servicer"), and Credit-Based Asset
Servicing and Securitization LLC, as seller (the "Seller"). The Certificates
represent beneficial ownership interests in a pool of mortgage loans and certain
related property.

                  As of August 1, 2001, the Mortgage Loans possessed the
characteristics described in the Prospectus dated September 9, 1999 and the
Prospectus Supplement dated September 6, 2001 filed pursuant to Rule 424(b)(5)
of the Act on September 19, 2001.

                                       1
Item 7.     Financial Statements, Pro Forma Financial Information and
                     Exhibits.

         (a)      Not applicable

         (b)      Not applicable

         (c)      Exhibit 1.1.  Underwriting Agreement, dated September 6, 2001,
                  between Residential Asset Funding Corporation and First Union
                  Securities, Inc.

                  Exhibit 4.1. Pooling and Servicing Agreement, dated as of
                  August 1, 2001, among Residential Asset Funding Corporation,
                  as Depositor, Litton Loan Servicing LP., as Servicer, The
                  Chase Manhattan Bank, as Trustee, and Credit-Based Asset
                  Servicing and Securitization LLC, as Seller.

                  Exhibit 8.1. Opinion of Dewey Ballantine LLP regarding tax
                  matters, dated September 17, 2001.

                  Exhibit 10.1. Mortgage Loan Purchase Agreement, dated as of
                  August 1, 2001, between Credit-Based Asset Servicing and
                  Securitization LLC, as Seller and Residential Asset Funding
                  Corporation, as Purchaser.

                                       2
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 2000-CB4 Trust

                                  Registrant

                                  By: /s/ Robert J. Perret
                                     --------------------------------------
                                  Name:   Robert J. Perret
                                  Title:  Director

Dated:  September 17, 2001

                                       3
EXHIBIT INDEX
Exhibit No.      Description
-----------     -----------
Exhibit 1.1.    Underwriting Agreement, dated September 6, 2001, between
                Residential Asset Funding Corporation and First Union Securities, Inc.

Exhibit 4.1.    Pooling and Servicing Agreement, dated as of August 1, 2001,
                among Residential Asset Funding Corporation, as Depositor,
                Litton Loan Servicing LP., as Servicer, The Chase Manhattan Bank,
                as Trustee, and Credit-Based Asset Servicing and Securitization LLC, as Seller.

Exhibit 8.1.    Opinion of Dewey Ballantine LLP regarding tax matters, dated
                September 17, 2001.

Exhibit 10.1.   Mortgage Loan Purchase Agreement, dated as of August 1, 2001, between
                Credit-Based Asset Servicing and Securitization LLC, as Seller and
                Residential Asset Funding Corporation, as Purchaser.