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)
November 25, 1995
RESIDENTIAL ASSET SECURITIES CORP
(Exact name of the registrant as specified in its charter)
33-56893
(Commission File Number)
Delaware 51-0362653
(State or other (I.R.S Employee
jurisdiction of Identification No.)
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the
required information for the November 1995 distribution to
holders of the following series of Conduit Mortgage
Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-KS1
1995-KS2
1995-KS3
Item 7. Financial Statements and Exhibits
(a) See attached monthly reports
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this
report to be signed onits behalf by the undersigned
thereunto duly authorized.
RESIDENTIAL ASSET
SECURITIES CORP
By: /s/Davee Olson
Name: Davee Olson
Title: Executive Vice President and
Chief Financial Officer
Dated: November 25, 1995
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS1 (POOL # 4173)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4173
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAB2 94,350,062.00 86,580,603.99 6.587500 % 2,359,223.22
R 0.00 896,007.19 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 87,476,611.18 2,359,223.22
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 490,770.00 2,849,993.22 0.00 0.00 84,221,380.77
R 0.00 0.00 0.00 0.00 1,135,893.08
- -------------------------------------------------------------------------------
490,770.00 2,849,993.22 0.00 0.00 85,357,273.85
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 917.652857 25.004999 5.201586 30.206585 0.000000 892.647858
_______________________________________________________________________________
DETERMINATION DATE 20-November-95
DISTRIBUTION DATE 27-November-95
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS1 (POOL # 4173)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4173
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 34,556.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 110,598.80
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 4,608,949.48
(B) TWO MONTHLY PAYMENTS: 20 2,399,301.48
(C) THREE OR MORE MONTHLY PAYMENTS: 10 1,135,417.28
FORECLOSURES
NUMBER OF LOANS 32
AGGREGATE PRINCIPAL BALANCE 3,609,359.14
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 85,357,273.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 795
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,080,892.55
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.97571800 % 1.02428200 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.66924860 % 1.33075140 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,830,502.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,238,927.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.85026911
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.67
POOL TRADING FACTOR: 90.46869927
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS2 (POOL # 4179)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4179
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAC0 105,461,520.00 103,729,201.44 6.437500 % 1,652,136.45
R 0.00 254,930.34 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 103,984,131.78 1,652,136.45
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 574,985.96 2,227,122.41 0.00 0.00 102,077,064.99
R 0.00 0.00 232,378.77 0.00 487,309.11
- -------------------------------------------------------------------------------
574,985.96 2,227,122.41 232,378.77 0.00 102,564,374.10
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 983.573928 15.665775 5.452092 21.117867 0.000000 967.908153
_______________________________________________________________________________
DETERMINATION DATE 20-November-95
DISTRIBUTION DATE 27-November-95
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS2 (POOL # 4179)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4179
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 41,521.56
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 62,991.13
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 5,563,932.65
(B) TWO MONTHLY PAYMENTS: 8 935,102.99
(C) THREE OR MORE MONTHLY PAYMENTS: 5 600,992.86
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 244,144.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 102,564,374.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 916
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,369,222.45
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.75483730 % 0.24516270 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.52487490 % 0.47512510 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 3,163,846.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,798,026.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.10148306
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.63
POOL TRADING FACTOR: 97.25288778
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS3 (POOL # 4181)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4181
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A1-I 76110WAD8 36,305,000.00 34,816,049.36 8.000000 % 979,552.60
A2-I 76110WAE6 26,280,000.00 26,280,000.00 8.000000 % 0.00
A3-I 76110WAF3 19,819,000.00 19,819,000.00 8.000000 % 0.00
A4-I 76110WAG1 16,482,000.00 16,482,000.00 8.000000 % 0.00
A5-I 76110WAH9 11,122,743.00 11,122,743.00 8.000000 % 0.00
A-II 76110WAJ5 41,561,444.00 41,143,369.72 8.000000 % 318,105.26
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,943,533.73 8.120000 % 2,989.53
B2-I 760,800.00 759,645.20 8.120000 % 1,168.48
B3-I 988,100.00 986,600.19 8.120000 % 1,517.58
B1-I 1,125,622.41 1,124,796.61 8.120000 % 846.61
B2-I 259,759.02 259,568.45 8.120000 % 195.37
B3-I 346,345.37 346,091.28 8.120000 % 260.50
SPRE 0.00 0.00 1.966565 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 155,083,397.54 1,304,635.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A1-I 232,028.89 1,211,581.49 0.00 0.00 33,836,496.76
A2-I 175,141.04 175,141.04 0.00 0.00 26,280,000.00
A3-I 132,082.21 132,082.21 0.00 0.00 19,819,000.00
A4-I 109,843.02 109,843.02 0.00 0.00 16,482,000.00
A5-I 74,126.67 74,126.67 0.00 0.00 11,122,743.00
A-II 274,196.83 592,302.09 0.00 0.00 40,825,264.46
R 0.00 0.00 0.00 0.00 0.00
B1-I 13,146.81 16,136.34 0.00 0.00 1,940,544.20
B2-I 5,138.54 6,307.02 0.00 0.00 758,476.72
B3-I 6,673.74 8,191.32 0.00 0.00 985,082.61
B1-II 7,608.56 8,455.17 0.00 0.00 1,123,950.00
B2-II 1,755.82 1,951.19 0.00 0.00 259,373.08
B3-II 2,341.09 2,601.59 0.00 0.00 345,830.78
SPRED 254,065.81 254,065.81 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,288,149.03 2,592,784.96 0.00 0.00 153,778,761.61
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A1-I 958.987725 26.981204 6.391100 33.372304 0.000000 932.006521
A2-I 1000.000000 0.000000 6.664423 6.664423 0.000000 1000.000000
A3-I 1000.000000 0.000000 6.664424 6.664424 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.664423 6.664423 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.664424 6.664424 0.000000 1000.000000
A-II 989.940814 7.653855 6.597385 14.251240 0.000000 982.286960
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 998.482128 1.535858 6.754117 8.289975 0.000000 996.946270
B2-I 998.482124 1.535858 6.754127 8.289985 0.000000 996.946267
B3-I 998.482127 1.535858 6.754114 8.289972 0.000000 996.946270
B1-I 999.266361 0.752130 6.759425 7.511555 0.000000 998.514232
B2-I 999.266358 0.752130 6.759419 7.511549 0.000000 998.514229
B3-I 999.266368 0.752130 6.759409 7.511539 0.000000 998.514238
_______________________________________________________________________________
DETERMINATION DATE 20-November-95
DISTRIBUTION DATE 27-November-95
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS3 (POOL # 4181)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4181
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 50,779.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,087.04
SPREAD 0.00
SUBSERVICER ADVANCES THIS MONTH 125,357.84
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 8,560,939.44
(B) TWO MONTHLY PAYMENTS: 8 2,197,330.49
(C) THREE OR MORE MONTHLY PAYMENTS: 5 1,671,288.71
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 362,296.29
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 153,778,761.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 606
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,099,765.66
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.50495440 % 3.49504560 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.47984070 % 3.52015930 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,569,974.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,579,541.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.53076200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 274.04
POOL TRADING FACTOR: 97.94987662
................................................................................
