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) September 29, 2004

RESIDENTIAL  FUNDING MORTGAGE SECURITIES II, INC. (as depositor under an Amended
and Restated  Trust  Agreement,  dated as of September 29, 2004, and pursuant to
which an Indenture was entered into,  providing for, inter alia, the issuance of
Home Loan Trust, Series 2004-HI3)

                Residential Funding Mortgage Securities II, Inc.
             (Exact name of registrant as specified in its charter)

DELAWARE                              333-110340               41-1808858
(State or Other Jurisdiction         (Commission            (I.R.S. Employer
of Incorporation)                    File Number)           Identification No.)


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


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



<PAGE>


Item 8.01.     Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Exhibits:

4.1     Servicing  Agreement  dated as of September  29, 2004 among  Residential
        Funding  Corporation,  as  master  servicer,  JPMorgan  Chase  Bank,  as
        indenture trustee, and the Home Loan Trust 2004-HI3, as issuer.

4.2     Trust  Agreement  dated as of  September  29, 2004  between  Residential
        Funding Mortgage  Securities II, Inc., as depositor and Wilmington Trust
        Company, as owner trustee.

4.3     Indenture  dated as of  September  29,  2004  between  Home  Loan  Trust
        2004-HI3,  as issuer and JPMorgan Chase Bank, as indenture trustee,  and
        Appendix A thereto.

10.1    Home  Loan  Purchase   Agreement  dated  as  of  September  1,  2004  by
        Residential  Funding  Mortgage  Securities  II, Inc.,  as purchaser  and
        Residential Funding Corporation, as seller.



<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 FUNDING MORTGAGE
                                            SECURITIES II, INC.

                                            By:    /s/Mark White
                                            Name:  Mark White
                                            Title: Vice President

Dated: October 13, 2004


<PAGE>
[{"type": "8-K", "sequence": "1", "filename": "hi38kod.txt", "description": "2004 HI3", "secsgml_size_bytes": 2868}]
{"company-data": {"conformed-name": "RFMSII 2004-HI3", "cik": "0001304267", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-110340-07", "film-number": "041078741"}, "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) September 29, 2004

RESIDENTIAL  FUNDING MORTGAGE SECURITIES II, INC. (as depositor under an Amended
and Restated  Trust  Agreement,  dated as of September 29, 2004, and pursuant to
which an Indenture was entered into,  providing for, inter alia, the issuance of
Home Loan Trust, Series 2004-HI3)

                Residential Funding Mortgage Securities II, Inc.
             (Exact name of registrant as specified in its charter)

DELAWARE                              333-110340               41-1808858
(State or Other Jurisdiction         (Commission            (I.R.S. Employer
of Incorporation)                    File Number)           Identification No.)

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

Registrant's telephone number, including area code, is (952) 857-7000
Item 8.01.     Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Exhibits:

4.1     Servicing  Agreement  dated as of September  29, 2004 among  Residential
        Funding  Corporation,  as  master  servicer,  JPMorgan  Chase  Bank,  as
        indenture trustee, and the Home Loan Trust 2004-HI3, as issuer.

4.2     Trust  Agreement  dated as of  September  29, 2004  between  Residential
        Funding Mortgage  Securities II, Inc., as depositor and Wilmington Trust
        Company, as owner trustee.

4.3     Indenture  dated as of  September  29,  2004  between  Home  Loan  Trust
        2004-HI3,  as issuer and JPMorgan Chase Bank, as indenture trustee,  and
        Appendix A thereto.

10.1    Home  Loan  Purchase   Agreement  dated  as  of  September  1,  2004  by
        Residential  Funding  Mortgage  Securities  II, Inc.,  as purchaser  and
        Residential Funding Corporation, as seller.
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 FUNDING MORTGAGE
                                            SECURITIES II, INC.

                                            By:    /s/Mark White
                                            Name:  Mark White
                                            Title: Vice President

Dated: October 13, 2004