Payment Date: 06/25/99
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 1998-M
Residential Asset Securities Trust 1998-A13
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
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Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Senior 1A1 107,763,754.90 6.500000% 2,470,593.52 583,720.34 3,054,313.86 0.00 0.00
1A2 5,378,000.00 6.500000% 0.00 29,130.83 29,130.83 0.00 0.00
1A3 34,865,000.00 6.500000% 0.00 188,852.08 188,852.08 0.00 0.00
1A4 106,699,672.83 6.500000% 2,430,057.53 577,956.56 3,008,014.09 0.00 0.00
1A5 3,674,284.42 6.500000% 0.00 0.00 0.00 0.00 0.00
1A6 29,561,956.24 6.750000% 682,607.97 166,286.00 848,893.97 0.00 0.00
1A7 1,451,000.00 6.750000% 0.00 8,161.88 8,161.88 0.00 0.00
1A8 1,006,000.00 6.750000% 0.00 5,658.75 5,658.75 0.00 0.00
1A9 1,231,498.68 0.000000% 26,254.16 0.00 26,254.16 0.00 0.00
A10 13,713,668.14 6.500000% 316,658.98 74,282.37 390,941.35 0.00 0.00
2A1 371,652,868.43 7.000000% 4,952,890.97 2,167,975.07 7,120,866.04 0.00 0.00
2A2 19,560,678.14 0.000000% 260,678.47 0.00 260,678.47 0.00 0.00
PO1 38,485.14 0.000000% 35.17 0.00 35.17 0.00 0.00
PO2 269,650.81 0.000000% 257.95 0.00 257.95 0.00 0.00
X1A 274,533,804.28 0.546805% 0.00 125,097.08 125,097.08 0.00 0.00
X1B 58,304,522.73 1.551551% 0.00 75,385.36 75,385.36 0.00 0.00
X2 411,997,226.78 0.656378% 0.00 225,355.05 225,355.05 0.00 0.00
Residual AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
X3 35,844,052.37 0.150000% 0.00 4,480.51 4,480.51 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 29,661,425.57 6.500000% 22,405.92 160,666.06 183,071.98 0.00 0.00
B2 14,221,215.08 6.500000% 10,742.55 77,031.58 87,774.13 0.00 0.00
B3 8,126,437.03 6.500000% 6,138.62 44,018.20 50,156.82 0.00 0.00
B4 5,688,446.24 6.500000% 4,296.99 30,812.42 35,109.41 0.00 0.00
B5 2,437,990.79 6.500000% 1,841.63 13,205.78 15,047.41 0.00 0.00
B6 4,875,878.33 6.500000% 3,683.19 26,411.01 30,094.20 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
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Totals - - 761,877,910.78 - 11,189,143.62 4,584,486.93 15,773,630.56 - -
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Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior 1A1 105,293,161.38 0.00
1A2 5,378,000.00 0.00
1A3 34,865,000.00 0.00
1A4 104,269,615.30 0.00
1A5 3,694,186.79 0.00
1A6 28,879,348.27 0.00
1A7 1,451,000.00 0.00
1A8 1,006,000.00 0.00
1A9 1,205,244.52 0.00
A10 13,397,009.15 0.00
2A1 366,699,977.46 0.00
2A2 19,299,999.67 0.00
PO1 38,449.97 0.00
PO2 269,392.86 0.00
X1A 270,650,691.68 0.00
X1B 56,261,675.62 0.00
X2 406,770,224.40 0.00
Residual AR 0.00 0.00
X3 35,816,174.03 0.00
--------------------------------------------------------------------------------
Subordinate B1 29,639,019.65 0.00
B2 14,210,472.53 0.00
B3 8,120,298.41 0.00
B4 5,684,149.25 0.00
B5 2,436,149.16 0.00
B6 4,872,195.14 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 750,708,669.51 -
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 06/25/99
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 1998-M
Residential Asset Securities Trust 1998-A13
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
Factors per $1,000
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Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Senior 1A1 107,763,754.90 6.500000% 12669AV43 20.398627 4.819528 869.360308
1A2 5,378,000.00 6.500000% 12669AV50 0.000000 5.416667 1,000.000000
1A3 34,865,000.00 6.500000% 12669AV68 0.000000 5.416667 1,000.000000
1A4 106,699,672.83 6.500000% 12669AV76 20.273921 4.821880 869.919312
1A5 3,674,284.42 6.500000% 12669AV84 0.000000 0.000000 1,044.145503
1A6 29,561,956.24 6.750000% 12669AV92 20.528946 5.000932 868.525707
1A7 1,451,000.00 6.750000% 12669AW26 0.000000 5.625000 1,000.000000
1A8 1,006,000.00 6.750000% 12669AW34 0.000000 5.625000 1,000.000000
1A9 1,231,498.68 0.000000% 12669AW42 19.116388 0.000000 877.572218
A10 13,713,668.14 6.500000% 12669AW59 20.528945 4.815713 868.525715
2A1 371,652,868.43 7.000000% 12669AW67 12.591886 5.511709 932.272569
2A2 19,560,678.14 0.000000% 12669AW75 12.591886 0.000000 932.272600
PO1 38,485.14 0.000000% 12669AW83 0.908786 0.000000 993.539276
PO2 269,650.81 0.000000% 12669AW91 0.936957 0.000000 978.521572
X1A 274,533,804.28 0.546805% 12669AX25 0.000000 0.418929 906.364300
X1B 58,304,522.73 1.551551% 12669AX33 0.000000 1.137030 848.589577
X2 411,997,226.78 0.656378% 12669AX41 0.000000 0.518457 935.824624
Residual AR 0.00 6.500000% 12669AY58 0.000000 0.000000 0.000000
X3 35,844,052.37 0.150000% 12669AY40 0.000000 0.124363 994.131831
------------------------------------------------------------------------------------------------------------------------
Subordinate B1 29,661,425.57 6.500000% 12669AX66 0.751380 5.387917 993.940907
B2 14,221,215.08 6.500000% 12669AX74 0.751380 5.387917 993.940906
B3 8,126,437.03 6.500000% 12669AX82 0.751379 5.387917 993.940906
B4 5,688,446.24 6.500000% 12669AX90 0.751380 5.387917 993.940905
B5 2,437,990.79 6.500000% 12669AY24 0.751379 5.387917 993.940906
B6 4,875,878.33 6.500000% 12669AY32 0.751380 5.387915 993.940632
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 761,877,910.78 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Independent National Mortgage Corporation
Mortgage Pass-Through Certificates, Series 1998-M
Residential Asset Securities Trust 1998-A13
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
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Total
-----
Prin balance 272,361,451.84 56,261,675.62 422,085,541.24 750,708,668.70
Loan count 748 188 3642 4578
Avg loan rate 7.755732% 8.661621% 7.944358% 7.93
Prepay amount 3,678,250.70 2,005,922.95 4,909,330.76 10,593,504.41
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FEES AND ADVANCES
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Total
-----
master servicing fees 2,985.16 0.00 9,666.85 12,652.01
sub servicer fees 146,001.07 25,803.17 208,752.54 380,556.77
trustee fees 2,071.85 437.28 3,204.95 5,714.08
Aggregate advances N/A N/A N/A N/A
Advances this periods 79,864.61 0.00 52,238.71 132,103.32
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LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
-----
Net realized losses (this period) 0.00 0.00 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00 0.00 0.00
Coverage Amounts Total
---------------- -----
Bankruptcy 0.00 0.00 0.00 0.00
Fraud 0.00 0.00 0.00 0.00
Special Hazard 0.00 0.00 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
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Senior 91.472850% 100.000000% 696,866,517.74
-----------------------------------------------------------------------------
Junior 8.527150% 0.000000% 64,962,284.14
-----------------------------------------------------------------------------
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DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 65 12,184,206.12
60 to 89 days 9 2,120,940.86
90 or more 9 2,221,872.59
Foreclosure 5 892,661.37
Totals: 88 17,419,680.94
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<PAGE>
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REO INFORMATION
--------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
<PAGE>
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 15,773,630.56 15,773,630.56
Principal remittance amount 11,189,143.62 11,189,143.62
Interest remittance amount 4,584,486.93 4,584,486.93
