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) May 24,
1996
RESIDENTIAL ASSET SECURITIES CORPORATION (as company
under a Pooling and Servicing Agreement dated as of May
1, 1996 providing for, inter alia, the issuance of
Mortgage Pass-Through Certificates, Series 1996-KS2)
Residential Asset Securities Corporation
(Exact name of registrant as specified in its charter)
DELAWARE 33-56893 51-0362653
(State or Other
Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
8400 Normandale Lake Blvd.
Suite 600
Minneapolis, Minnesota 55437
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code, is
(612) 832-7000
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
23.11. Consent of Coopers & Lybrand L.L.P.,
independent auditors of Financial Security Assurance Inc.
with respect to Mortgage Pass-Through Certificates,
Series 1996-KS2, Class A-1, Class A-2, Class A-3, Class
A-4, Class A-5, Class R-I and Class R-II.
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.
RESIDENTIAL ASSET
SECURITIES CORPORATION
By:
Name: William E. Waldusky
Title: Vice President
Dated: May 24, 1996
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.
RESIDENTIAL ASSET
SECURITIES CORPORATION
By:
Name: William E. Waldusky
Title: Vice President
Dated: May 24, 1996
EXHIBIT 23.11
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the
Prospectus Supplement of Residential Asset Securities
Corporation dated May 24, 1996 relating to Mortgage Pass-
Through Certificates, Series 1996-KS2 of our report dated
January 17, 1996 on our audits of the consolidated
financial statements of Financial Security Assurance Inc.
and Subsidiaries as of December 31, 1995 and 1994 and for
each of the three years in the period ended December 31,
1995. We also consent to the reference to our firm under
the caption "Experts."
COOPERS & LYBRAND
L.L.P.
New York, New York
May 24, 1996
