SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
December 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 December 1995 distribution
to holders of the following series of Conduit Mortgage
Pass-Through Certificates.
The monthly reports filed herewith as Exhibit 19 replace and
supersede the monthly reports originally filed by the Registrant
together with a Current Report on Form 8-K on January 10,
1995 (the "First Filing"). The monthly reports contained in the
First Filing were the respective reports for a different Registrant
of Residential Funding Corporation (RFC). RFC is the parent company
of both that Registrant and the Registrant for which this filing is
made.
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: December 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 84,221,380.77 6.525000 % 3,933,949.54
R 0.00 1,135,893.08 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 85,357,273.85 3,933,949.54
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 452,155.25 4,386,104.79 0.00 0.00 80,287,431.23
R 0.00 0.00 0.00 0.00 1,395,814.59
- -------------------------------------------------------------------------------
452,155.25 4,386,104.79 0.00 0.00 81,683,245.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 892.647858 41.695251 4.792315 46.487566 0.000000 850.952607
_______________________________________________________________________________
DETERMINATION DATE 20-December-95
DISTRIBUTION DATE 26-December-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 33,225.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 86,291.06
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 3,022,611.95
(B) TWO MONTHLY PAYMENTS: 13 1,685,277.48
(C) THREE OR MORE MONTHLY PAYMENTS: 10 1,346,986.42
FORECLOSURES
NUMBER OF LOANS 25
AGGREGATE PRINCIPAL BALANCE 2,804,542.31
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 81,683,245.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 593
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 3,430,787.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 202,694.54
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.66924860 % 1.33075140 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.29118620 % 1.70881380 %
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 10.95320195
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.57
POOL TRADING FACTOR: 86.57466046
................................................................................
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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 105,461,520.00 102,077,064.99 6.375000 % 1,779,383.83
R 0.00 487,309.11 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 102,564,374.10 1,779,383.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 542,238.65 2,321,622.48 0.00 0.00 100,297,681.16
R 0.00 0.00 257,592.29 0.00 744,901.40
- -------------------------------------------------------------------------------
542,238.65 2,321,622.48 257,592.29 0.00 101,042,582.56
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 967.908153 16.872351 5.141578 22.013929 0.000000 951.035801
_______________________________________________________________________________
DETERMINATION DATE 20-December-95
DISTRIBUTION DATE 26-December-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 41,059.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,517.91
SUBSERVICER ADVANCES THIS MONTH 85,392.33
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 66 7,736,935.80
(B) TWO MONTHLY PAYMENTS: 10 545,363.44
(C) THREE OR MORE MONTHLY PAYMENTS: 5 562,768.47
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 705,709.31
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 101,042,582.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 901
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 1,472,064.77
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.52487490 % 0.47512510 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.26278470 % 0.73721530 %
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 10.23213581
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.60
POOL TRADING FACTOR: 95.80990504
................................................................................
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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 33,836,496.76 8.000000 % 2,237,986.62
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 40,825,264.46 8.000000 % 1,062,773.34
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,940,544.20 8.120000 % 3,012.54
B2-I 760,800.00 758,476.72 8.120000 % 1,177.48
B3-I 988,100.00 985,082.61 8.120000 % 1,529.26
B1-I 1,125,622.41 1,123,950.00 8.120000 % 5,609.53
B2-I 259,759.02 259,373.08 8.120000 % 1,294.51
B3-I 346,345.37 345,830.78 8.120000 % 1,726.01
SPRE 0.00 0.00 1.965704 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 153,778,761.61 3,315,109.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A1-I 225,550.39 2,463,537.01 0.00 0.00 31,598,510.14
A2-I 175,179.60 175,179.60 0.00 0.00 26,280,000.00
A3-I 132,111.29 132,111.29 0.00 0.00 19,819,000.00
A4-I 109,867.21 109,867.21 0.00 0.00 16,482,000.00
A5-I 74,142.99 74,142.99 0.00 0.00 11,122,743.00
A-II 272,153.73 1,334,927.07 0.00 0.00 39,762,491.12
R 0.00 0.00 0.00 0.00 0.00
B1-I 13,129.49 16,142.03 0.00 0.00 1,937,531.66
B2-I 5,131.76 6,309.24 0.00 0.00 757,299.24
B3-I 6,664.95 8,194.21 0.00 0.00 983,553.34
B1-II 7,604.99 13,214.52 0.00 0.00 1,118,340.47
B2-II 1,755.00 3,049.51 0.00 0.00 258,078.57
B3-II 2,339.99 4,066.00 0.00 0.00 341,436.15
SPRED 251,877.96 251,877.96 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,277,509.35 4,592,618.64 0.00 0.00 150,460,983.69
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A1-I 932.006521 61.644033 6.212654 67.856687 0.000000 870.362488
A2-I 1000.000000 0.000000 6.665890 6.665890 0.000000 1000.000000
A3-I 1000.000000 0.000000 6.665891 6.665891 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.665891 6.665891 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.665891 6.665891 0.000000 1000.000000
A-II 982.286960 25.571136 6.548226 32.119362 0.000000 956.715824
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 996.946270 1.547680 6.745219 8.292899 0.000000 995.398590
B2-I 996.946267 1.547687 6.745216 8.292903 0.000000 995.398580
B3-I 996.946271 1.547677 6.745218 8.292895 0.000000 995.398587
B1-I 998.514235 4.983492 6.756253 11.739745 0.000000 993.530744
B2-I 998.514238 4.983504 6.756262 11.739766 0.000000 993.530735
B3-I 998.514229 4.983494 6.756233 11.739727 0.000000 985.825647
_______________________________________________________________________________
DETERMINATION DATE 20-December-95
DISTRIBUTION DATE 26-December-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 50,105.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 168,505.37
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 12,883,430.00
(B) TWO MONTHLY PAYMENTS: 8 1,835,247.57
(C) THREE OR MORE MONTHLY PAYMENTS: 6 2,522,016.99
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 689,597.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 150,460,983.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 594
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 2,867,051.03
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.47984070 % 3.52015930 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.41352910 % 3.58647090 %
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 10.53395500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 272.99
POOL TRADING FACTOR: 95.83660731
................................................................................
