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) March 21, 1996
RESIDENTIAL ASSET SECURITIES CORPORATION (as seller under a Pooling
and Servicing Agreement dated as of March 1, 1996 providing for,
inter alia, the issuance of Mortgage Pass-Through Certificates,
Series 1996-KS1)
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:
23.9. Consent of Coopers & Lybrand L.L.P., independent
auditors of the Certificate Insurer with respect to Mortgage Pass-Through
Certificates, Series
1996-KS1, Class A.
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: /s/ William E Waldusky
Name: William E. Waldusky
Title: Vice President
Dated: March 21, 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: March 21, 1996
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the inclusion in the Prospectus Supplement to
the Prospectus dated June 22, 1995 to Registration Statement No. 33-56893 of
our report dated
February 1, 1995 on our audits of the
consolidated financial statements of MBIA Insurance Corporation and
Subsidiaries (formerly known as Municipal Bond Investors Assurance
Corporation and Subsidiaries). We also consent to the reference to
our firm under the caption "Experts."
Coopers & Lybrand L.L.P.
March 20, 1996
New York, New York
