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, 1996
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 1996 distribution
to
holders of the following series of Conduit Mortgage
Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-KS1 RASC
1995-KS2 RASC
1995-KS3 RASC
1995-KS4 RASC
1996-KS1 RASC
1996-KS2 RASC
1996-KS3 RASC
1996-KS4 RASC
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, 1996
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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 47,753,434.19 6.087500 % 1,906,340.78
R 0.00 1,887,001.24 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 49,640,435.43 1,906,340.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 248,512.67 2,154,853.45 0.00 0.00 45,847,093.41
R 175,788.82 175,788.82 0.00 0.00 1,887,001.24
- -------------------------------------------------------------------------------
424,301.49 2,330,642.27 0.00 0.00 47,734,094.65
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 506.130395 20.204976 2.633943 22.838919 0.000000 485.925419
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
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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 19,236.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 59,138.98
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,595,373.64
(B) TWO MONTHLY PAYMENTS: 6 713,859.80
(C) THREE OR MORE MONTHLY PAYMENTS: 2 302,949.81
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 2,575,653.65
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 47,734,094.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 451
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 1,884,234.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.19866100 % 3.80133900 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.04684820 % 3.95315180 %
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 11.04717156
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.70
POOL TRADING FACTOR: 50.59254190
................................................................................
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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 68,140,379.32 5.937500 % 3,285,811.20
R 0.00 3,427,807.38 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 71,568,186.70 3,285,811.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 344,125.09 3,629,936.29 0.00 0.00 64,854,568.12
R 0.00 0.00 224,216.04 0.00 3,652,023.42
- -------------------------------------------------------------------------------
344,125.09 3,629,936.29 224,216.04 0.00 68,506,591.54
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 646.116037 31.156494 3.263039 34.419533 0.000000 614.959543
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
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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 27,816.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 99,114.25
MASTER SERVICER ADVANCES THIS MONTH 4,919.86
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 4,137,776.92
(B) TWO MONTHLY PAYMENTS: 11 1,230,055.18
(C) THREE OR MORE MONTHLY PAYMENTS: 3 179,165.03
FORECLOSURES
NUMBER OF LOANS 50
AGGREGATE PRINCIPAL BALANCE 5,322,925.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 68,506,591.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 629
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 6
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 580,388.21
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,857,014.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 91,248.23
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.21043140 % 4.78956860 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.66909190 % 5.33090810 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,459,211.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,488,692.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.61771700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.32
POOL TRADING FACTOR: 64.95885065
................................................................................
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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 16,300,134.77 8.000000 % 2,220,434.48
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 28,872,992.57 8.000000 % 702,442.21
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,905,634.02 8.120000 % 3,277.74
B2-I 760,800.00 744,831.80 8.120000 % 1,281.13
B3-I 988,100.00 397,516.84 8.120000 % 683.74
B1-I 1,125,622.41 1,109,664.29 8.120000 % 908.13
B2-I 259,759.02 256,076.38 8.120000 % 209.57
B3-I 346,345.37 290,165.01 8.120000 % 237.47
SPRE 0.00 0.00 1.980891 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 123,580,758.68 2,929,474.47
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A1-I 108,661.15 2,329,095.63 0.00 0.00 14,079,700.29
A2-I 175,189.65 175,189.65 0.00 0.00 26,280,000.00
A3-I 132,118.87 132,118.87 0.00 0.00 19,819,000.00
A4-I 109,873.51 109,873.51 0.00 0.00 16,482,000.00
A5-I 74,147.24 74,147.24 0.00 0.00 11,122,743.00
A-II 192,482.67 894,924.88 0.00 0.00 28,170,550.36
R 0.00 0.00 0.00 0.00 0.00
B1-I 12,894.03 16,171.77 0.00 0.00 1,902,356.28
B2-I 5,039.73 6,320.86 0.00 0.00 743,550.67
B3-I 2,689.70 3,373.44 0.00 0.00 120,531.34
B1-II 7,508.58 8,416.71 0.00 0.00 1,108,756.16
B2-II 1,732.74 1,942.31 0.00 0.00 255,866.81
B3-II 1,963.41 2,200.88 0.00 0.00 83,854.43
SPRED 203,989.95 203,989.95 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,028,291.23 3,957,765.70 0.00 0.00 120,168,909.34
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A1-I 448.977683 61.160570 2.993008 64.153578 0.000000 387.817113
A2-I 1000.000000 0.000000 6.666273 6.666273 0.000000 1000.000000
A3-I 1000.000000 0.000000 6.666273 6.666273 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.666273 6.666273 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.666273 6.666273 0.000000 1000.000000
A-II 694.706194 16.901295 4.631280 21.532575 0.000000 677.804899
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 979.011314 1.683925 6.624253 8.308178 0.000000 977.327390
B2-I 979.011304 1.683925 6.624251 8.308176 0.000000 977.327379
B3-I 402.304261 0.691974 2.722093 3.414067 0.000000 121.982941
B1-I 985.822848 0.806780 6.670603 7.477383 0.000000 985.016068
B2-I 985.822860 0.806786 6.670567 7.477353 0.000000 985.016074
B3-I 837.790931 0.685645 5.668937 6.354582 0.000000 242.112164
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
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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 40,483.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 228,247.10
MASTER SERVICER ADVANCES THIS MONTH 4,506.47
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 10,168,297.80
(B) TWO MONTHLY PAYMENTS: 9 2,085,475.08
(C) THREE OR MORE MONTHLY PAYMENTS: 7 2,208,842.72
FORECLOSURES
NUMBER OF LOANS 32
AGGREGATE PRINCIPAL BALANCE 9,049,200.85
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 120,168,909.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 485
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 488,923.55
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,917,564.98
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.19367260 % 3.80632740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.49250730 % 3.50749270 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 624,549.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,298,881.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.55330300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 261.93
POOL TRADING FACTOR: 76.54197316
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS4 (POOL # 4190)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4190
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAL0 98,996,689.00 79,037,239.11 5.937500 % 2,916,922.43
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 85,256,926.39 2,916,922.43
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 401,348.40 3,318,270.83 0.00 0.00 76,120,316.68
R 282,296.56 282,296.56 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
683,644.96 3,600,567.39 0.00 0.00 82,340,003.96
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 798.382652 29.464848 4.054160 33.519008 0.000000 768.917804
R 1333.333253 0.000000 60.516771 60.516771 0.000000 1333.333253
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS4 (POOL # 4190)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4190
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,748.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 87,890.78
MASTER SERVICER ADVANCES THIS MONTH 7,060.39
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 55 5,775,082.22
(B) TWO MONTHLY PAYMENTS: 16 1,534,603.98
(C) THREE OR MORE MONTHLY PAYMENTS: 3 270,497.52
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 2,551,647.15
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 82,340,003.96
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 800
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 6
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 831,489.87
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,715,323.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.70477190 % 7.29522810 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.44633590 % 7.55366410 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 3,109,844.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,697,474.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.58260499
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.48
POOL TRADING FACTOR: 79.43165004
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS1 (POOL # 4202)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4202
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAM8 77,178,720.00 64,320,139.70 5.837500 % 1,979,563.76
R 0.00 1,402,067.05 0.000000 % 0.00
- -------------------------------------------------------------------------------
77,178,720.00 65,722,206.75 1,979,563.76
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 323,301.23 2,302,864.99 0.00 0.00 62,340,575.94
R 0.00 0.00 203,338.91 0.00 1,605,405.96
- -------------------------------------------------------------------------------
323,301.23 2,302,864.99 203,338.91 0.00 63,945,981.90
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 833.392154 25.649088 4.188995 29.838083 0.000000 807.743066
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-KS1 (POOL # 4202)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4202
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,048.83
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 89,537.24
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 6,663,115.07
(B) TWO MONTHLY PAYMENTS: 10 1,114,602.08
(C) THREE OR MORE MONTHLY PAYMENTS: 4 374,655.71
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 2,178,558.65
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 63,945,981.90
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 497
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 1,745,873.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.86667690 % 2.13332320 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.48943420 % 2.51056580 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,315,362.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,398,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.38647273
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.01
POOL TRADING FACTOR: 82.85442140
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS2 (POOL # 4209)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4209
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110WAN6 41,000,000.00 35,044,591.56 6.770000 % 648,580.10
A-2 76110WAP1 28,000,000.00 28,000,000.00 7.040000 % 0.00
A-3 76110WAQ9 12,000,000.00 12,000,000.00 7.410000 % 0.00
A-4 76110WAR7 14,086,733.00 14,086,733.00 7.980000 % 0.00
A-5 76110WAU0 352,608.35 343,942.49 0.000000 % 642.31
R-I 76110WAS5 100.00 0.00 7.980000 % 0.00
R-II 76110WAT3 100.00 0.00 7.980000 % 0.00
B-1 3,214,806.00 3,203,980.77 7.980000 % 2,255.66
B-2 904,165.00 901,120.41 7.980000 % 634.41
B-3 904,163.45 901,118.85 7.980000 % 634.41
SPRE 0.00 0.00 2.106218 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 94,481,487.08 652,746.89
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 197,678.92 846,259.02 0.00 0.00 34,396,011.46
A-2 164,240.93 164,240.93 0.00 0.00 28,000,000.00
A-3 74,088.39 74,088.39 0.00 0.00 12,000,000.00
A-4 93,662.09 93,662.09 0.00 0.00 14,086,733.00
A-5 0.00 642.31 0.00 0.00 343,300.18
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
B-1 21,303.13 23,558.79 0.00 0.00 3,201,725.11
B-2 5,991.51 6,625.92 0.00 0.00 900,486.00
B-3 5,991.50 6,625.91 0.00 0.00 900,484.44
SPRED 165,806.19 165,806.19 0.00 0.00 0.00
- -------------------------------------------------------------------------------
728,762.66 1,381,509.55 0.00 0.00 93,828,740.19
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 854.746136 15.819027 4.821437 20.640464 0.000000 838.927109
A-2 1000.000000 0.000000 5.865748 5.865748 0.000000 1000.000000
A-3 1000.000000 0.000000 6.174033 6.174033 0.000000 1000.000000
A-4 1000.000000 0.000000 6.648958 6.648958 0.000000 1000.000000
A-5 975.423554 1.821596 0.000000 1.821596 0.000000 973.601958
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B-1 996.632696 0.701647 6.626568 7.328215 0.000000 995.931048
B-2 996.632705 0.701653 6.626567 7.328220 0.000000 995.931052
B-3 996.632688 0.701654 6.626567 7.328221 0.000000 995.931034
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
Run: 11/21/96 09:47:31 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-KS2 (POOL # 4209)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4209
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 37,706.28
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,681.46
SUBSERVICER ADVANCES THIS MONTH 73,840.60
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 67 7,463,780.70
(B) TWO MONTHLY PAYMENTS: 6 450,224.78
(C) THREE OR MORE MONTHLY PAYMENTS: 2 294,929.17
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 610,238.68
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 93,828,740.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 912
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 585,905.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.68201550 % 5.31798450 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.64869020 % 5.35130980 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 3,013,880.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,298,610.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.93516597
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.41
POOL TRADING FACTOR: 93.39661665
................................................................................
Run: 11/21/96 09:47:32 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS3 (POOL # 4210)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4210
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAV8 143,731,008.00 133,901,850.23 5.787500 % 2,886,261.28
R 0.00 1,402,823.52 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 135,304,673.75 2,886,261.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 667,283.68 3,553,544.96 0.00 0.00 131,015,588.95
R 0.00 0.00 352,001.67 0.00 1,754,825.19
- -------------------------------------------------------------------------------
667,283.68 3,553,544.96 352,001.67 0.00 132,770,414.14
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 931.614215 20.080992 4.642587 24.723579 0.000000 911.533223
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
Run: 11/21/96 09:47:32 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-KS3 (POOL # 4210)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4210
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 55,917.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 85,686.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 68 8,413,100.81
(B) TWO MONTHLY PAYMENTS: 8 776,428.33
(C) THREE OR MORE MONTHLY PAYMENTS: 4 292,974.15
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,175,019.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 132,770,414.14
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,021
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 2,467,166.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.96321130 % 1.03678870 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.67830100 % 1.32169900 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,311,930.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,437,310.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.93587135
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.69
POOL TRADING FACTOR: 92.37423155
................................................................................
Run: 11/21/96 09:48:08 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-KS4 (POOL # 4223)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4223
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WAW6 33,524,000.00 32,733,417.49 5.500000 % 713,208.13
A-I- 76110WAX4 35,203,000.00 35,203,000.00 7.300000 % 0.00
A-I- 76110WAY2 7,449,000.00 7,449,000.00 7.625000 % 0.00
A-I- 76110WAZ9 11,675,000.00 11,675,000.00 7.900000 % 0.00
A-I- 76110WBA3 7,071,000.00 7,071,000.00 8.050000 % 0.00
A-II 76110WBB1 223,019,000.00 220,095,063.04 5.675000 % 4,428,694.26
R 1,035.81 935,024.36 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 315,161,504.89 5,141,902.39
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 155,021.11 868,229.24 0.00 0.00 32,020,209.36
A-I-2 214,140.54 214,140.54 0.00 0.00 35,203,000.00
A-I-3 47,329.75 47,329.75 0.00 0.00 7,449,000.00
A-I-4 76,856.46 76,856.46 0.00 0.00 11,675,000.00
A-I-5 47,432.19 47,432.19 0.00 0.00 7,071,000.00
A-II 1,075,353.54 5,504,047.80 0.00 0.00 215,666,368.78
R 0.00 0.00 825,319.35 0.00 1,760,343.71
- -------------------------------------------------------------------------------
1,616,133.59 6,758,035.98 825,319.35 0.00 310,844,921.85
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 976.417417 21.274553 4.624183 25.898736 0.000000 955.142864
A-I- 1000.000000 0.000000 6.083020 6.083020 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.353839 6.353839 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.582994 6.582994 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.707989 6.707989 0.000000 1000.000000
A-II 986.889292 19.857924 4.821802 24.679726 0.000000 967.031369
R ****.****** 0.000000 0.000000 0.000000 ***.****** ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
Run: 11/21/96 09:48:09 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-KS4 (POOL # 4223)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4223
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 130,464.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,206.05
SUBSERVICER ADVANCES THIS MONTH 188,836.22
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 178 19,532,645.66
(B) TWO MONTHLY PAYMENTS: 19 2,199,924.00
(C) THREE OR MORE MONTHLY PAYMENTS: 2 212,075.84
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,099,877.20
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 310,844,921.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,616
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 4,153,702.58
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.70331900 % 0.29668100 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.43369070 % 0.56630930 %
BANKRUPTCY AMOUNT AVAILABLE 125,000.00
FRAUD AMOUNT AVAILABLE 3,518,891.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,900,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.06720800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.39
POOL TRADING FACTOR: 97.76779628
................................................................................
