LEHMAN ABS CORP
8-K, 1997-07-17
ASSET-BACKED SECURITIES
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                       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)
                                February 20, 1995

         LEHMAN ABS CORPORATION (as depositor under the Trust  Agreement,  dated
         as of January  26,  1995,  as amended  and  restated by the Amended and
         Restated Trust  Agreement,  dated as of February 1, 1995,  which formed
         the  Lehman  Home  Equity  Loan  Trust  1995-1  which,  pursuant  to an
         Indenture,  dated as of January 1, 1995,  issued the Lehman Home Equity
         Loan Trust 1995-1,  Home Equity Loan  Asset-Backed  Term Notes,  Series
         1995-1)

                             LEHMAN ABS CORPORATION
           (Exact name of the Registrant as specified in its charter)


            Delaware                333-14293               13-3447441

(State of Other Jurisdiction of    (Commission           (I.R.S. Employee
         Incorporation             File Number)        Identification No.)


Three World Financial Center
200 Vesey Street
New York, New York                                      10285
(Address of Principal                                     (Zip Code)
Executive Offices)

Registrant's telephone number, including area code (212) 526-7000

[NY01B:331725.4]  16069-00000  07/14/97 12:03pm

<PAGE>



Item 5.  Other Events.

         See the  respective  monthly  reports,  each  reflecting  the  required
information for the February 1995,  March 1995, April 1995, May 1995, June 1995,
July 1995, August 1995, September 1995, October 1995, November 1995 and December
1995 distributions to holders of the Lehman Home Equity Loan Trust 1995-1,  Home
Equity Loan Asset-Backed Term Notes, Series 1995-1.

         Master Serviced by Residential Funding Corporation.

Item 7.  Financial Statements and Exhibits.

(a)      See attached monthly reports.


[NY01B:331725.4]  16069-00000  07/14/97 12:03pm
                                                        -2-

<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.


                                     LEHMAN HOME EQUITY LOAN TRUST 1995-1

                                     By:      Residential Funding Corporation,
                                              as Administrator




                                     Name:
                                     Title:


Dated:   July 15, 1997




[NY01B:331725.4]  16069-00000  07/14/97 12:03pm
                                                        -3-

<PAGE>


                                  EXHIBIT INDEX

                                                          Sequential
Exhibit           Document                       Page Number

99                Monthly Reports to Noteholders as to distributions
                  made in February, March, April, May, June,
                  July, August, September, October, November and
                  December 1995.







[NY01B:331725.4]  16069-00000  07/14/97 12:03pm
                                                        -4-

<PAGE>







Run:         11/21/96                                               REPT1HC.FRG
             13:53:09

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  02/21/95


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00             0.00        411,450.58
525180AF2                  128,078,000.00         0.000000          3.212500

                                  6.42500       602,424.69    127,475,575.31
                                                  4.703577        995.296423


CERTIFICATES                 6,740,000.00             0.00         22,157.75
525180AG0                    6,740,000.00         0.000000          3.287500

                                  6.57500        31,702.11      6,708,297.89
                                                  4.703577        995.296423


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.42500             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00             0.00        433,608.33
                           134,818,000.00       634,126.80    134,183,873.20

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,009,890.84


SECURITY PRINCIPAL COLLECTIONS:                1,133,469.90
AGGREGATE SECURITY COLLECTIONS:                2,143,360.74


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            35,272,492.81     10.0176
GMACMC LOANS:              47,433,758.03      9.4800

GOAL LINE LOANS:           50,055,274.35      7.5422

TOTAL LOANS:              132,761,525.19      0.0000




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                1,133,469.90
NEW BALANCE:                                   2,056,108.52

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.000 %
RESIDUAL OWNERSHIP
INTEREST:                           0.00



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:53:17

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     02/21/95

 ADDITIONAL INFORMATION

CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066757

CERTIFICATES                                 0.00         0.00        4.99933243

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT   0
CURRENT AMOUNT:              633,760.51                                     0.00
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   0
                                                                            0.00
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  0
                                                                            0.00
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    0
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            2,744,319.44


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500







Run:         11/21/96                                               REPT1HC.FRG
             13:54:05

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  03/20/95


 DISTRIBUTION AMOUNTS


CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00             0.00        614,272.93
525180AF2                  127,475,575.31         0.000000          4.796085

                                  6.42500       294,761.86    127,180,813.45
                                                  2.301425        992.994999


CERTIFICATES                 6,740,000.00             0.00         33,080.29
525180AG0                    6,708,297.89         0.000000          4.908055

                                  6.57500        15,511.60      6,692,786.29
                                                  2.301424        992.994999


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.42500             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00             0.00        647,353.22
                           134,183,873.20       310,273.46    133,873,599.74

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   958,908.20


SECURITY PRINCIPAL COLLECTIONS:                2,073,351.82
AGGREGATE SECURITY COLLECTIONS:                3,032,260.02


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            34,480,212.28     10.0172
GMACMC LOANS:              46,655,171.18      9.4800

GOAL LINE LOANS:           49,552,789.91      7.5495

TOTAL LOANS:              130,688,173.37      9.0184




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                2,073,351.82
NEW BALANCE:                                   4,129,460.34

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.000 %
RESIDUAL OWNERSHIP
INTEREST:                           0.00



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:54:12

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     03/20/95

 ADDITIONAL INFORMATION

CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066757

CERTIFICATES                                 0.00         0.00        4.99933243

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000


 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  19
CURRENT AMOUNT:              944,033.97                             1,141,657.48
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   6
                                                                      450,680.79
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  1
                                                                      193,157.08
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    0
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            2,105,463.77


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             13:54:50

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  04/20/95


 DISTRIBUTION AMOUNTS


CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00             0.00        703,645.51
525180AF2                  127,180,813.45         0.000000          5.493883

                                  6.42500       228,113.86    126,952,699.59
                                                  1.781054        991.213945


CERTIFICATES                 6,740,000.00             0.00         37,893.25
525180AG0                    6,692,786.29         0.000000          5.622144

                                  6.57500        12,004.31      6,680,781.98
                                                  1.781055        991.213944


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.42500             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00             0.00        741,538.76
                           133,873,599.74       240,118.17    133,633,481.57

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   972,353.01


SECURITY PRINCIPAL COLLECTIONS:                2,337,118.91
AGGREGATE SECURITY COLLECTIONS:                3,309,471.92


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            33,943,517.23     10.0176
GMACMC LOANS:              45,256,406.67      9.9800

GOAL LINE LOANS:           49,151,130.56      8.2369

TOTAL LOANS:              128,351,054.46      9.4585




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                2,337,118.91
NEW BALANCE:                                   6,466,579.25

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.000 %
RESIDUAL OWNERSHIP
INTEREST:                           0.00



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:54:57

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     04/20/95

 ADDITIONAL INFORMATION

CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066757

CERTIFICATES                                 0.00         0.00        4.99933243

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  15
CURRENT AMOUNT:            1,184,152.14                               810,110.57
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   3
                                                                      200,288.18
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  1
                                                                       25,739.81
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    0
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            2,072,140.62


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500







Run:         11/21/96                                               REPT1HC.FRG
             13:55:24

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  05/22/95


 DISTRIBUTION AMOUNTS


CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00             0.00        725,040.97
525180AF2                  126,952,699.59         0.000000          5.660933

                                  6.42500       288,838.59    126,663,861.00
                                                  2.255177        988.958767


CERTIFICATES                 6,740,000.00             0.00         39,045.46
525180AG0                    6,680,781.98         0.000000          5.793095

                                  6.57500        15,199.89      6,665,582.09
                                                  2.255177        988.958767


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.42500             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00             0.00        764,086.43
                           133,633,481.57       304,038.48    133,329,443.09

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,046,011.30


SECURITY PRINCIPAL COLLECTIONS:                   29,148.09
AGGREGATE SECURITY COLLECTIONS:                1,075,159.39


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            34,081,085.54     10.5190
GMACMC LOANS:              45,007,158.87      9.9800

GOAL LINE LOANS:           49,233,821.96     10.5307

TOTAL LOANS:              128,322,066.37     10.4770




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                   29,148.09
NEW BALANCE:                                   6,495,727.34

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.000 %
RESIDUAL OWNERSHIP
INTEREST:                           0.00



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:55:31

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     05/22/95

 ADDITIONAL INFORMATION

CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066757

CERTIFICATES                                 0.00         0.00        4.99933243

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000


 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  56
CURRENT AMOUNT:            1,488,350.62                             3,446,687.66
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  11
                                                                      741,561.18
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  2
                                                                       80,814.15
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    0
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            3,002,592.95


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             13:56:04

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  06/20/95


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00             0.00        649,196.27
525180AF2                  126,663,861.00         0.000000          5.068757

                                  6.36250       404,462.43    126,259,398.57
                                                  3.157938        985.800829


CERTIFICATES                 6,740,000.00             0.00         34,968.85
525180AG0                    6,665,582.09         0.000000          5.188257

                                  6.51250        21,284.50      6,644,297.59
                                                  3.157938        985.800829


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.36250             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00             0.00        684,165.12
                           133,329,443.09       425,746.93    132,903,696.16

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,111,600.17


SECURITY PRINCIPAL COLLECTIONS:                1,310,728.42
AGGREGATE SECURITY COLLECTIONS:                2,422,328.59


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            33,596,552.80     10.5206
GMACMC LOANS:              44,616,589.37      9.9800

GOAL LINE LOANS:           48,798,235.78     10.5510

TOTAL LOANS:              127,011,377.95     10.4863




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                1,310,728.42
NEW BALANCE:                                   7,806,455.76

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.000 %
RESIDUAL OWNERSHIP
INTEREST:                           0.00



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:56:12

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     06/20/95

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066756

CERTIFICATES                                 0.00         0.00        4.99933244

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  19
CURRENT AMOUNT:            1,914,137.55                             1,277,646.90
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   8
                                                                      366,253.32
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  4
                                                                      291,546.88
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    0
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,956,433.30


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500







Run:         11/21/96                                               REPT1HC.FRG
             13:56:35

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  07/20/95


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR

TERM NOTES                 128,078,000.00        10,617.46        669,437.85
525180AF2                  126,259,398.57         0.082898          5.226798

                                  6.36250       102,009.13    126,146,771.98
                                                  0.796461        984.921470


CERTIFICATES                 6,740,000.00           558.73         36,059.16
525180AG0                    6,644,297.59         0.082898          5.350024

                                  6.51250         5,368.15      6,638,370.71
                                                  0.796461        984.921470


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.36250             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00        11,176.19        705,497.01
                           132,903,696.16       107,377.28    132,785,142.69

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,159,025.52


SECURITY PRINCIPAL COLLECTIONS:                1,705,578.48
AGGREGATE SECURITY COLLECTIONS:                2,864,604.00


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            35,482,347.46      9.6565
GMACMC LOANS:              44,312,906.50      9.9800

GOAL LINE LOANS:           50,570,906.71     10.1300

TOTAL LOANS:              130,366,160.67     10.0866




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                1,706,302.62
NEW BALANCE:                                   4,441,260.99

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             11,176.19      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.009 %
RESIDUAL OWNERSHIP
INTEREST:                     356,991.74



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:56:42

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     07/20/95

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066756

CERTIFICATES                                 0.00         0.00        4.99933244

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  34
CURRENT AMOUNT:            2,022,278.97                             1,611,088.53
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  20
                                                                    1,464,431.21
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  8
                                                                      283,663.19
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    0
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            2,177,211.68


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             13:57:14

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  08/21/95


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00             0.00        692,405.62
525180AF2                  126,146,771.98         0.000000          5.406125

                                  6.17500             0.00    126,146,771.98
                                                  0.000000        984.921470


CERTIFICATES                 6,740,000.00             0.00         37,322.40
525180AG0                    6,638,370.71         0.000000          5.537448

                                  6.32500             0.00      6,638,370.71
                                                  0.000000        984.921470


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.17500             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00             0.00        729,728.02
                           132,785,142.69             0.00    132,785,142.69

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,183,945.21


SECURITY PRINCIPAL COLLECTIONS:                3,159,942.69
AGGREGATE SECURITY COLLECTIONS:                4,343,887.90


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            34,385,543.40     10.5239
GMACMC LOANS:              42,689,345.95      9.9800

GOAL LINE LOANS:           50,131,328.63     10.5916

TOTAL LOANS:              127,206,217.98     10.5093




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                3,159,942.69
NEW BALANCE:                                   7,601,203.68

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.009 %
RESIDUAL OWNERSHIP
INTEREST:                     458,368.63



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:57:21

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     08/21/95

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066756

CERTIFICATES                                 0.00         0.00        4.99933244

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  24
CURRENT AMOUNT:            2,022,278.97                             1,062,704.40
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   8
                                                                      465,820.73
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  8
                                                                      469,503.26
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    1
YET REIMBURSED:                    0.00                                55,074.34

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,770,336.28


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500







Run:         11/21/96                                               REPT1HC.FRG
             13:57:45

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  09/20/95


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR



TERM NOTES                 128,078,000.00        37,981.31        655,700.41
525180AF2                  126,146,771.98         0.296548          5.119540

                                  6.23750             0.00    126,108,790.67
                                                  0.000000        984.624921


CERTIFICATES                 6,740,000.00         1,998.74         35,335.49
525180AG0                    6,638,370.71         0.296549          5.242654

                                  6.38750             0.00      6,636,371.97
                                                  0.000000        984.624921


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.23750             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00        39,980.05        691,035.90
                           132,785,142.69             0.00    132,745,162.64

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,156,012.48


SECURITY PRINCIPAL COLLECTIONS:                2,035,694.17
AGGREGATE SECURITY COLLECTIONS:                3,191,706.65


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            33,681,643.27     10.5245
GMACMC LOANS:              41,750,394.21      9.7784

GOAL LINE LOANS:           49,698,506.28     10.6164

TOTAL LOANS:              125,130,543.76     10.4535




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                2,035,694.17
NEW BALANCE:                                   9,636,897.85

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             39,980.05      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.041 %
RESIDUAL OWNERSHIP
INTEREST:                     439,739.26



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:57:53

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     09/20/95

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066757

CERTIFICATES                                 0.00         0.00        4.99933243

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  22
CURRENT AMOUNT:            2,022,278.97                               897,316.71
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   4
                                                                      367,229.71
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 11
                                                                      542,625.05
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    2
YET REIMBURSED:                    0.00                                65,926.02

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            2,112,959.62


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             13:58:58

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  10/20/95


 DISTRIBUTION AMOUNTS



CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00             0.00        642,366.65
525180AF2                  126,108,790.67         0.000000          5.015433

                                  6.11250             0.00    126,108,790.67
                                                  0.000000        984.624921


CERTIFICATES                 6,740,000.00             0.00         34,633.57
525180AG0                    6,636,371.97         0.000000          5.138512

                                  6.26250             0.00      6,636,371.97
                                                  0.000000        984.624921


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.11250             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00             0.00        677,000.22
                           132,745,162.64             0.00    132,745,162.64

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,053,489.41


SECURITY PRINCIPAL COLLECTIONS:                1,674,469.46
AGGREGATE SECURITY COLLECTIONS:                2,727,958.87


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            32,946,633.42     10.2751
GMACMC LOANS:              41,405,894.16      9.7300

GOAL LINE LOANS:           49,103,546.72     10.3843

TOTAL LOANS:              123,456,074.30     10.2774




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                1,674,469.46
NEW BALANCE:                                  11,311,367.31

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.041 %
RESIDUAL OWNERSHIP
INTEREST:                     403,757.80



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:59:06

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     10/20/95

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066757

CERTIFICATES                                 0.00         0.00        4.99933243

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  28
CURRENT AMOUNT:            2,022,278.97                             1,234,570.16
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   6
                                                                      180,003.39
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 15
                                                                      909,894.76
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    2
YET REIMBURSED:                    0.00                                65,926.02

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,982,997.00


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500








Run:         11/21/96                                               REPT1HC.FRG
             13:59:45

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  11/20/95


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00        92,065.22        670,565.98
525180AF2                  126,108,790.67         0.718821          5.235606

                                  6.17500             0.00    126,016,725.45
                                                  0.000000        983.906100


CERTIFICATES                 6,740,000.00         4,844.86         36,145.18
525180AG0                    6,636,371.97         0.718822          5.362786

                                  6.32500             0.00      6,631,527.11
                                                  0.000000        983.906099


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.17500             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00        96,910.08        706,711.16
                           132,745,162.64             0.00    132,648,252.56

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,115,012.50


SECURITY PRINCIPAL COLLECTIONS:                2,514,920.62
AGGREGATE SECURITY COLLECTIONS:                3,629,933.12


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            31,735,124.43     10.2778
GMACMC LOANS:              40,745,394.27      9.7300

GOAL LINE LOANS:           48,363,724.90     10.3862

TOTAL LOANS:              120,844,243.60     10.2780




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                2,514,920.62
NEW BALANCE:                                  13,826,287.93

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             96,910.08      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.123 %
RESIDUAL OWNERSHIP
INTEREST:                     348,319.72



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             13:59:52

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     11/20/95

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066757

CERTIFICATES                                 0.00         0.00        4.99933243

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  32
CURRENT AMOUNT:            2,022,278.97                             1,518,286.20
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   9
                                                                      427,337.67
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 12
                                                                      526,916.70
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    2
YET REIMBURSED:                    0.00                                65,926.02

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,933,771.32


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             14:00:15

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  12/20/95


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00     2,120,963.95        641,897.70
525180AF2                  126,016,725.45        16.559940          5.011772

                                  6.11250             0.00    123,895,761.50
                                                  0.000000        967.346160


CERTIFICATES                 6,740,000.00       111,613.99         34,608.28
525180AG0                    6,631,527.11        16.559939          5.134760

                                  6.26250             0.00      6,519,913.12
                                                  0.000000        967.346160


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  6.11250             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     2,232,577.94        676,505.98
                           132,648,252.56             0.00    130,415,674.62

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   944,246.14


SECURITY PRINCIPAL COLLECTIONS:                1,868,238.41
AGGREGATE SECURITY COLLECTIONS:                2,812,484.55


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            35,982,404.81     10.1093
GMACMC LOANS:              40,235,835.22      9.7300

GOAL LINE LOANS:           56,219,713.56     10.3893

TOTAL LOANS:              132,437,953.59     10.2337




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.112 %
RESIDUAL OWNERSHIP
INTEREST:                     313,219.02



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:00:23

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     12/20/95

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066757

CERTIFICATES                                 0.00         0.00        4.99933243

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  32
CURRENT AMOUNT:            2,022,278.97                             1,627,606.33
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   8
                                                                      370,202.97
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 20
                                                                      838,157.02
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    0
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,202,661.12


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500









Run:         11/21/96                                               REPT1HC.FRG
             14:00:56

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  01/22/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00     1,168,779.49        707,512.84
525180AF2                  123,895,761.50         9.125529          5.524078

                                  6.22969             0.00    122,726,982.01
                                                  0.000000        958.220631


CERTIFICATES                 6,740,000.00        61,506.06         38,128.77
525180AG0                    6,519,913.12         9.125528          5.657088

                                  6.37969             0.00      6,458,407.06
                                                  0.000000        958.220632


VARIABLE FUNDING NOTES               0.00             0.00              0.00
525180AF2                            0.00         0.000000          0.000000

                                  6.22969             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     1,230,285.55        745,641.61
                           130,415,674.62             0.00    129,185,389.07

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,139,201.28


SECURITY PRINCIPAL COLLECTIONS:                1,230,285.55
AGGREGATE SECURITY COLLECTIONS:                2,369,486.83


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            35,253,154.49      8.6799
GMACMC LOANS:              40,278,958.37      9.7300

GOAL LINE LOANS:           55,675,555.18      8.7165

TOTAL LOANS:              131,207,668.04      9.1397




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.113 %
RESIDUAL OWNERSHIP
INTEREST:                     424,314.80



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:01:03

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     01/22/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066756

CERTIFICATES                                 0.00         0.00        4.99933244

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  46
CURRENT AMOUNT:            2,022,278.97                             2,140,768.74
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  13
                                                                      589,496.75
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 19
                                                                      902,460.40
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    0
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            2,700,537.71


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500








Run:         11/21/96                                               REPT1HC.FRG
             14:01:32

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  02/20/96


 DISTRIBUTION AMOUNTS



CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00     1,002,684.11        583,062.73
525180AF2                  122,726,982.01         7.828699          4.552403

                                  5.89766             0.00    121,724,297.90
                                                  0.000000        950.391932


CERTIFICATES                 6,740,000.00        52,765.43         31,463.59
525180AG0                    6,458,407.06         7.828699          4.668188

                                  6.04766             0.00      6,405,641.63
                                                  0.000000        950.391933


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.89766             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     1,055,449.54        614,526.32
                           129,185,389.07             0.00    128,129,939.53

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,188,379.23


SECURITY PRINCIPAL COLLECTIONS:                1,005,984.04
AGGREGATE SECURITY COLLECTIONS:                2,194,363.27


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            34,817,682.21     10.1164
GMACMC LOANS:              39,772,371.83      9.4800

GOAL LINE LOANS:           55,562,164.46     10.3956

TOTAL LOANS:              130,152,218.50     10.1790




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             49,465.50      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.152 %
RESIDUAL OWNERSHIP
INTEREST:                     513,694.75



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:01:40

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     02/20/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE

TERM NOTES                                   0.00         0.00       95.00066756

CERTIFICATES                                 0.00         0.00        4.99933244

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  55
CURRENT AMOUNT:            2,022,278.97                             1,683,234.04
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  22
                                                                      919,984.42
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 40
                                                                      706,978.30
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    5
YET REIMBURSED:                    0.00                                74,793.37

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            7,499,269.54


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500







Run:         11/21/96                                               REPT1HC.FRG
             14:02:57

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  03/20/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00     2,727,291.80        550,337.53
525180AF2                  121,724,297.90        21.293991          4.296894

                                  5.61250             0.00    118,997,006.10
                                                  0.000000        929.097941


CERTIFICATES                 6,740,000.00       143,521.50         29,735.08
525180AG0                    6,405,641.63        21.293991          4.411733

                                  5.76250             0.00      6,262,120.13
                                                  0.000000        929.097942


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.61250             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     2,870,813.30        580,072.61
                           128,129,939.53             0.00    125,259,126.23

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,081,235.71


SECURITY PRINCIPAL COLLECTIONS:                2,847,229.42
AGGREGATE SECURITY COLLECTIONS:                3,928,465.13


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            34,127,040.99      9.9015
GMACMC LOANS:              38,771,670.68      9.2300

GOAL LINE LOANS:           54,382,693.53     10.1537

TOTAL LOANS:              127,281,405.20      9.9401




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             23,583.88      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.174 %
RESIDUAL OWNERSHIP
INTEREST:                     466,854.87



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:03:05

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     03/20/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066756

CERTIFICATES                                 0.00         0.00        4.99933244

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  54
CURRENT AMOUNT:            2,022,278.97                             2,612,562.34
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  14
                                                                      843,003.94
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 17
                                                                      820,915.51
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    2
YET REIMBURSED:                    0.00                               131,459.09

                                                   REO LOANS                 2
 ADDITIONAL BALANCES                                                  152,746.14


CURRENT PERIOD:            1,655,544.38


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             14:04:39

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  04/22/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR



TERM NOTES                 128,078,000.00     2,855,491.97        622,441.11
525180AF2                  118,997,006.10        22.294945          4.859860

                                  5.70625             0.00    116,141,514.13
                                                  0.000000        906.802996


CERTIFICATES                 6,740,000.00       150,267.92         33,616.50
525180AG0                    6,262,120.13        22.294944          4.987611

                                  5.85625             0.00      6,111,852.21
                                                  0.000000        906.802999


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.70625             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     3,005,759.89        656,057.61
                           125,259,126.23             0.00    122,253,366.34

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   998,296.88


SECURITY PRINCIPAL COLLECTIONS:                2,909,088.09
AGGREGATE SECURITY COLLECTIONS:                3,907,384.97


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            33,331,310.82      9.6206
GMACMC LOANS:              37,956,081.94      9.2300

GOAL LINE LOANS:           52,988,252.55     10.1580

TOTAL LOANS:              124,275,645.31      9.8664




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             96,671.80      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.256 %
RESIDUAL OWNERSHIP
INTEREST:                     233,627.05



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:04:47

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     04/22/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE

TERM NOTES                                   0.00         0.00       95.00066755

CERTIFICATES                                 0.00         0.00        4.99933245

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  30
CURRENT AMOUNT:            2,022,278.97                             1,718,074.98
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  10
                                                                      761,686.88
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 13
                                                                      663,052.52
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   10
YET REIMBURSED:                    0.00                               648,514.04

                                                   REO LOANS                 1
 ADDITIONAL BALANCES                                                   55,074.34


CURRENT PERIOD:            1,767,805.89


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500








Run:         11/21/96                                               REPT1HC.FRG
             14:05:27

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  05/20/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00       799,703.14        518,987.00
525180AF2                  116,141,514.13         6.243876          4.052117

                                  5.74531             0.00    115,341,810.99
                                                  0.000000        900.559120


CERTIFICATES                 6,740,000.00        42,083.72         28,024.32
525180AG0                    6,111,852.21         6.243875          4.157911

                                  5.89531             0.00      6,069,768.49
                                                  0.000000        900.559123


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.74531             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00       841,786.86        547,011.32
                           122,253,366.34             0.00    121,411,579.48

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,018,680.30


SECURITY PRINCIPAL COLLECTIONS:                  841,786.86
AGGREGATE SECURITY COLLECTIONS:                1,860,467.16


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            32,934,135.15      9.6225
GMACMC LOANS:              37,978,321.89      9.2300

GOAL LINE LOANS:           52,521,401.41      9.9029

TOTAL LOANS:              123,433,858.45      9.7558




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.257 %
RESIDUAL OWNERSHIP
INTEREST:                     461,771.50



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:05:34

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     05/20/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE

TERM NOTES                                   0.00         0.00       95.00066755

CERTIFICATES                                 0.00         0.00        4.99933245

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  29
CURRENT AMOUNT:            2,022,278.97                             1,540,498.88
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  14
                                                                      688,673.03
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 14
                                                                      617,450.36
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   11
YET REIMBURSED:                    0.00                               858,777.09

                                                   REO LOANS                 1
 ADDITIONAL BALANCES                                                   55,074.34


CURRENT PERIOD:            2,715,765.81


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             14:06:06

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  06/20/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00     2,491,423.69        568,696.58
525180AF2                  115,341,810.99        19.452394          4.440236

                                  5.72578             0.00    112,850,387.30
                                                  0.000000        881.106726


CERTIFICATES                 6,740,000.00       131,109.14         30,711.20
525180AG0                    6,069,768.49        19.452395          4.556558

                                  5.87578             0.00      5,938,659.35
                                                  0.000000        881.106728


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.72578             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     2,622,532.83        599,407.78
                           121,411,579.48             0.00    118,789,046.65

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   958,135.32


SECURITY PRINCIPAL COLLECTIONS:                2,567,458.49
AGGREGATE SECURITY COLLECTIONS:                3,525,593.81


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            31,724,789.57      9.6218
GMACMC LOANS:              37,107,829.90      9.2300

GOAL LINE LOANS:           51,978,706.15      9.9109

TOTAL LOANS:              120,811,325.62      9.7579




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             55,074.34      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.309 %
RESIDUAL OWNERSHIP
INTEREST:                     292,767.75



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:06:14

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     06/20/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066756

CERTIFICATES                                 0.00         0.00        4.99933244

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  27
CURRENT AMOUNT:            2,022,278.97                             1,215,798.60
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  11
                                                                      884,594.96
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 25
                                                                    1,325,827.99
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    9
YET REIMBURSED:                    0.00                               603,781.70

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,574,402.07


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500









Run:         11/21/96                                               REPT1HC.FRG
             14:06:44

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  07/22/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00     1,993,849.73        576,712.63
525180AF2                  112,850,387.30        15.567465          4.502824

                                  5.74922             0.00    110,856,537.57
                                                  0.000000        865.539262


CERTIFICATES                 6,740,000.00       104,924.71         31,140.85
525180AG0                    5,938,659.35        15.567464          4.620304

                                  5.89922             0.00      5,833,734.64
                                                  0.000000        865.539264


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.74922             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     2,098,774.44        607,853.48
                           118,789,046.65             0.00    116,690,272.21

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   925,773.24


SECURITY PRINCIPAL COLLECTIONS:                2,098,774.44
AGGREGATE SECURITY COLLECTIONS:                3,024,547.68


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            30,909,043.44      9.6200
GMACMC LOANS:              36,915,489.91      9.2300

GOAL LINE LOANS:           50,888,017.83      9.9067

TOTAL LOANS:              118,712,551.18      9.7572




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.314 %
RESIDUAL OWNERSHIP
INTEREST:                     306,916.29



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:06:52

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     07/22/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066755

CERTIFICATES                                 0.00         0.00        4.99933245

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  36
CURRENT AMOUNT:            2,022,278.97                             1,373,142.09
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   5
                                                                      184,617.28
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 19
                                                                    1,400,801.19
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   20
YET REIMBURSED:                    0.00                             1,177,886.33

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,511,177.95


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             14:07:22

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  08/20/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00     1,326,537.14        514,109.11
525180AF2                  110,856,537.57        10.357260          4.014031

                                  5.75703             0.00    109,530,000.43
                                                  0.000000        855.182002


CERTIFICATES                 6,740,000.00        69,807.93         27,759.48
525180AG0                    5,833,734.64        10.357260          4.118617

                                  5.90703             0.00      5,763,926.71
                                                  0.000000        855.182004


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.75703             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     1,396,345.07        541,868.59
                           116,690,272.21             0.00    115,293,927.14

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   971,383.35


SECURITY PRINCIPAL COLLECTIONS:                1,321,793.67
AGGREGATE SECURITY COLLECTIONS:                2,293,177.02


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            30,552,015.93      9.6184
GMACMC LOANS:              36,435,961.07      9.2300

GOAL LINE LOANS:           50,328,229.11      9.9084

TOTAL LOANS:              117,316,206.11      9.7556




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             74,551.40      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.381 %
RESIDUAL OWNERSHIP
INTEREST:                     345,160.53



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:07:30

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     08/20/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066755

CERTIFICATES                                 0.00         0.00        4.99933245

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000


 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  38
CURRENT AMOUNT:            2,022,278.97                             1,427,686.82
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   6
                                                                      215,048.79
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 20
                                                                    1,347,600.76
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   19
YET REIMBURSED:                    0.00                             1,112,492.26

                                                   REO LOANS                 1
 ADDITIONAL BALANCES                                                   25,739.81


CURRENT PERIOD:            1,799,661.68


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500










Run:         11/21/96                                               REPT1HC.FRG
             14:07:53

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  09/20/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00     1,752,255.70        541,146.66
525180AF2                  109,530,000.43        13.681161          4.225134

                                  5.73750             0.00    107,777,744.73
                                                  0.000000        841.500841


CERTIFICATES                 6,740,000.00        92,211.02         29,221.91
525180AG0                    5,763,926.71        13.681160          4.335595

                                  5.88750             0.00      5,671,715.69
                                                  0.000000        841.500844


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.73750             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00     1,844,466.72        570,368.57
                           115,293,927.14             0.00    113,449,460.42

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   963,154.36


SECURITY PRINCIPAL COLLECTIONS:                1,801,588.38
AGGREGATE SECURITY COLLECTIONS:                2,764,742.74


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            30,027,719.71      9.6169
GMACMC LOANS:              35,980,712.78      9.2300

GOAL LINE LOANS:           49,463,306.90      9.9097

TOTAL LOANS:              115,471,739.39      9.7560




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             42,878.34      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.421 %
RESIDUAL OWNERSHIP
INTEREST:                     339,548.81



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:08:01

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     09/20/96

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066755

CERTIFICATES                                 0.00         0.00        4.99933245

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  41
CURRENT AMOUNT:            2,022,278.97                             2,000,014.66
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT   9
                                                                      420,810.75
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 12
                                                                      800,778.38
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   25
YET REIMBURSED:                    0.00                             1,458,629.91

                                                   REO LOANS                 1
 ADDITIONAL BALANCES                                                   25,739.81


CURRENT PERIOD:            1,543,843.81


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500






Run:         11/21/96                                               REPT1HC.FRG
             14:08:26

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
LEHMAN HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
                  SERIES 1995-1    


PAYMENT DATE:  10/21/96


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR


TERM NOTES                 128,078,000.00       377,949.21        536,477.41
525180AF2                  107,777,744.73         2.950930          4.188677

                                  5.78047             0.00    107,399,795.52
                                                  0.000000        838.549911


CERTIFICATES                 6,740,000.00        19,889.27         28,964.28
525180AG0                    5,671,715.69         2.950930          4.297371

                                  5.93047             0.00      5,651,826.42
                                                  0.000000        838.549914


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.78047             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           134,818,000.00       397,838.48        565,441.69
                           113,449,460.42             0.00    113,051,621.94

=============================================================================


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   910,874.64


SECURITY PRINCIPAL COLLECTIONS:                  347,838.48
AGGREGATE SECURITY COLLECTIONS:                1,258,713.12


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            29,656,498.16      9.6173
GMACMC LOANS:              36,037,264.43      9.2300

GOAL LINE LOANS:           49,380,138.32      9.9146

TOTAL LOANS:              115,073,900.91      9.7576




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:             50,000.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.466 %
RESIDUAL OWNERSHIP
INTEREST:                     285,233.14



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         11/21/96                                               REPT2H.FRM
             14:08:34

Page:        2


LEHMAN HOME EQUITY LOAN TRUST 1995-1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     10/21/96

 ADDITIONAL INFORMATION

CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066755

CERTIFICATES                                 0.00         0.00        4.99933245

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000



 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  48
CURRENT AMOUNT:            2,022,278.97                             2,272,934.15
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  20
                                                                      648,349.29
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  9
                                                                      238,806.30
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   28
YET REIMBURSED:                    0.00                             1,922,479.59

                                                   REO LOANS                 1
 ADDITIONAL BALANCES                                                   25,739.81


CURRENT PERIOD:            1,819,338.46


SPECIAL HAZARD AMOUNT:     2,075,429.00

FRAUD LOSS AMOUNT:         6,840,322.00

BANKRUPTCY LOSS AMOUNT:      100,000.00


 MASTER SERVICER


RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500













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