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 17,
1996
RESIDENTIAL ASSET SECURITIES CORPORATION (as seller 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:
23.10. 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:/s/William E. Waldusky
Name: William E. Waldusky
Title: Vice President
Dated: May 17, 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:/s/William E. Waldusky
Name: William E. Waldusky
Title: Vice President
Dated: May 17, 1996
EXHIBIT 23.10
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the
Preliminary Prospectus Supplement of Residential Asset
Securities Corporation dated May 17, 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 16, 1996
